# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-25-154348
**Filing Date:** 2025-6
**Character Count:** 26020
**Document Hash:** 68e05a694bb945a74c81a6fb22494174
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-154348.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-154348

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 251071206

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

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

## Series and Classes Contracts Data

### Westwood Quality Smidcap Fund (Series ID: S000072843)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000229479 | Westwood Quality Smidcap Fund Ultra Shares         | WWSMX           |
| C000229480 | Westwood Quality Smidcap Fund Institutional Shares | WHGMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Ultimus Managers Trust

- **b. Investment Company Act file number:** 811-22680

- **c. CIK number of Registrant:** 0001545440

- **d. LEI of Registrant:** 549300FU214TAR7BFY91

- **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:** 513-587-3400

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

- **a. Name of Series:** WESTWOOD QUALITY SMIDCAP FUND

- **b. EDGAR series identifier (if any):** S000072843

- **c. LEI of Series:** 5493003XJJMCGXUKRT92

**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:** $87603339.09

**Total Liabilities:** $63609.94

**Net Assets:** $87539729.15

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229479 | -4.67%               | -4.58%               | -2.60%               |
| Class ID C000229480 | -4.66%               | -4.57%               | -2.59%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $692499.55               | $-5598531.32                               |
| Month 2  | $-173192.42              | $-4098282.08                               |
| Month 3  | $-3619418.35             | $1134666.39                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Drainage System Inc                 | ADVANCED DRAINAGE SYSTEMS, INC.                      | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     16152 | NS      | $1833090.48   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation               | Wintrust Financial Corporation                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     15976 | NS      | $1776051.92   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc              | Equity LifeStyle Properties, Inc. REIT               | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     13935 | NS      | $902709.30    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp. (Indiana)                 | Merchants Bancorp                                    | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     34038 | NS      | $1023863.04   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                           | Cameco Corporation                                   | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     31021 | NS      | $1400598.15   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                              | MSA Safety, Inc.                                     | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     11499 | NS      | $1810172.58   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                       | Cheesecake Factory, Inc. (The)                       | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     26029 | NS      | $1311080.73   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                       | Permian Resources Corporation                        | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    116726 | NS      | $1377366.80   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.    | Kratos Defense & Security Solutions, Inc.            | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     38291 | NS      | $1293661.44   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                   | Sensient Technologies Corporation                    | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     11554 | NS      | $1085498.30   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                   | Lithia Motors, Inc. Class A                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      5632 | NS      | $1648824.32   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                      | Piper Sandler Companies                              | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      4866 | NS      | $1173289.92   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                   | Cooper Companies, Inc. (The)                         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     21373 | NS      | $1745532.91   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                              | Marex Group PLC                                      | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     33650 | NS      | $1492377.50   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc              | Academy Sports & Outdoors, Inc.                      | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33528 | NS      | $1263335.04   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                      | COPT Defense Properties REIT                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     51542 | NS      | $1345761.62   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                           | Timken Company (The)                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     19066 | NS      | $1224990.50   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insurance Holdings Ltd | International General Insurance Holdings Ltd.        | CUSIP: G4809J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54487 | NS      | $1310957.22   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc.                | American Healthcare REIT, Inc.                       | CUSIP: 398182303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43766 | NS      | $1412766.48   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                  | LPL Financial Holdings, Inc.                         | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      4236 | NS      | $1354630.44   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                           | Chord Energy Corporation                             | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     13708 | NS      | $1236872.84   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                      | CACI International, Inc.                             | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      3182 | NS      | $1456942.34   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                   | Brixmor Property Group, Inc.                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     35482 | NS      | $883856.62    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation                  | Mercury General Corporation                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     19190 | NS      | $1063509.80   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                         | TopBuild Corporation                                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      4624 | NS      | $1367594.24   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust              | Federal Realty Investment Trust REIT                 | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     13203 | NS      | $1241346.06   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                  | Avantor, Inc.                                        | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114373 | NS      | $1485705.27   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                         | BWX Technologies, Inc.                               | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     17355 | NS      | $1893777.60   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                                | SM Energy Company                                    | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     50586 | NS      | $1152854.94   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                             | Boise Cascade Company                                | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      9426 | NS      | $879257.28    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc               | BJ's Wholesale Club Holdings, Inc.                   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     11111 | NS      | $1306209.16   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                           | Crown Holdings, Inc.                                 | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     15521 | NS      | $1495137.93   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                  | RenaissanceRe Holdings Ltd.                          | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      7099 | NS      | $1717461.07   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                    | Moog, Inc. Class A                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      5740 | NS      | $960015.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                           | Domino's Pizza, Inc.                                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3579 | NS      | $1755034.23   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                             | Royal Gold, Inc.                                     | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      6231 | NS      | $1138466.01   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                  | IDACORP, Inc.                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     18007 | NS      | $2126446.63   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                         | Hubbell, Inc.                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4939 | NS      | $1793746.02   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                             | TXNM Energy, Inc.                                    | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     34527 | NS      | $1836836.40   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                    | MarketAxess Holdings, Inc.                           | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      5657 | NS      | $1253534.63   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                         | Glacier Bancorp, Inc.                                | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     40026 | NS      | $1631459.76   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                              | Blue Bird Corporation                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     25341 | NS      | $883640.67    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                        | Teleflex, Inc.                                       | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      8310 | NS      | $1138885.50   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                              | Pegasystems, Inc.                                    | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     13087 | NS      | $1205050.96   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                   | Americold Realty Trust, Inc.                         | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |     44467 | NS      | $859991.78    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U | CUSIP: 31846V211<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1010599 | PA      | $1010599.39   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.              | Gulfport Energy Corporation                          | CUSIP: 402635502<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7653 | NS      | $1320142.50   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.                         | PotlatchDeltic Corporation REIT                      | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     40700 | NS      | $1562473.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                        | US Foods Holding Corporation                         | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     13479 | NS      | $885031.14    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                           | Hexcel Corporation                                   | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     17534 | NS      | $849872.98    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.                           | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     14076 | NS      | $1639431.72   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                         | Eagle Materials, Inc.                                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      5694 | NS      | $1289064.66   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.               | Rexford Industrial Realty, Inc.                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     45220 | NS      | $1496782.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse, Inc.                                | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      7609 | NS      | $1262789.64   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                             | Inter Parfums, Inc.                                  | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11615 | NS      | $1268358.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                       | Integer Holdings Corporation                         | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     13975 | NS      | $1765182.25   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation                   | Verra Mobility Corporation                           | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     76558 | NS      | $1668964.40   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                      | XPO Logistics, Inc.                                  | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     13124 | NS      | $1392718.88   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                             | South State Corporation                              | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     14631 | NS      | $1269678.18   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                               | Amdocs Ltd.                                          | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |     11338 | NS      | $1004320.04   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                              | Littelfuse, Inc.                                     | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      8174 | NS      | $1490201.94   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                  | Rambus, Inc.                                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     36667 | NS      | $1788982.93   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited               | Axalta Coating Systems Ltd.                          | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |     40423 | NS      | $1313747.50   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                    | AAR Corporation                                      | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     32373 | NS      | $1730660.58   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-21

**Name of Applicant:** Westwood Quality SmidCap Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Treasurer