# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0001752724-25-148245
**Filing Date:** 2025-6
**Character Count:** 9653
**Document Hash:** 7adf0e8dc5fbf8c6a660cec2cb3f4ede
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-148245.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001752724-25-148245

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 251056436

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### LeaderShares(R) Activist Leaders(R) ETF (Series ID: S000068213)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000218403 | LeaderShares(R) Activist Leaders(R) ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Two Roads Shared Trust

- **b. Investment Company Act file number:** 811-22718

- **c. CIK number of Registrant:** 0001552947

- **d. LEI of Registrant:** 549300REHU8QC2CK4V30

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 402-895-1600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Leadershares Activist Leaders ETF

- **b. EDGAR series identifier (if any):** S000068213

- **c. LEI of Series:** 549300DXOXQJZYD3RD41

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $16386682.95

**Total Liabilities:** $23422.19

**Net Assets:** $16363260.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218403 | -1.25%               | -5.66%               | -2.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-707792.25              | $-306327.83                                |
| Month 2  | $-5725884.54             | $1925888.91                                |
| Month 3  | $-839268.73              | $41715.60                                  |

### Schedule of Portfolio Investments

| Name                                | Title             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cinemark Holdings Inc.              | CINEMARK HOLDING  | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |      3631 | NS      | $108603.21    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp.                        | VESTIS CORP       | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     35861 | NS      | $314142.36    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health, Inc.                | EVOLENT HEALTH-A  | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |      9709 | NS      | $95730.74     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc.               | FORTREA HOLDINGS  | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |     28422 | NS      | $177069.06    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                 | GS-GOVT-ADM       | CUSIP: 38141W265<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   3023369 | PA      | $3023369.23   | 18.48%            |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                            | HEALTHCARE REALT  | CUSIP: 42226K105<br>LEI: 549300CB86LH2IOKHH22 | Long             | EC               | CORP              | US        |     32543 | NS      | $505392.79    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc.         | HOWARD HUGHES HO  | CUSIP: 44267T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7241 | NS      | $481743.73    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc            | LAMB WESTON       | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      8249 | NS      | $435629.69    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.           | MDU RES GROUP     | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |      5939 | NS      | $101794.46    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                     | MATCH GROUP INC   | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     16575 | NS      | $491614.50    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corporation               | NCR VOYIX CORP    | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |      7805 | NS      | $66888.85     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                    | NCR ATLEOS CORP   | CUSIP: 63001N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3189 | NS      | $89036.88     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                     | GEN DIGITAL INC   | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      3923 | NS      | $101488.01    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                    | PG&E CORP         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      5323 | NS      | $87935.96     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc.                         | RAPID7 INC        | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Long             | EC               | CORP              | US        |     12984 | NS      | $306682.08    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Restaurant Brands International Inc | RESTAURANT BRAND  | CUSIP: 76131D103<br>LEI: 5299009RXTX9DN9AKJ98 | Long             | EC               | CORP              | CA        |      8579 | NS      | $552487.60    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust              | SPDR S&P 500 ETF  | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      6210 | NS      | $3443693.40   | 21.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                | VANGUARD S&P 500  | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     11281 | NS      | $5750376.94   | 35.14%            |  |  |  | No            |                  1 | On Loan: No      |
| The Wendys Company                  | WENDY'S CO/THE    | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |      6861 | NS      | $85762.50     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BBH SWEEP VEHICLE                   | BBH SWEEP VEHICLE | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |     93361 | PA      | $93361.26     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

**Name of Applicant:** Two Roads Shared Trust

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer