# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001193125-25-328640
**Filing Date:** 2025-12
**Character Count:** 16729
**Document Hash:** 6899e315faa0570d1fca3d51a5748d65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-328640.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0001193125-25-328640

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS SERIES TRUST
- **CENTRAL INDEX KEY:** 0001027596

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07959
- **FILM NUMBER:** 251592253

**BUSINESS ADDRESS:**
- **STREET 1:** U.S BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7235

**MAIL ADDRESS:**
- **STREET 1:** 615 E MICHIGAN STREET
- **STREET 2:** MK-WI-LC2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Huber Small Cap Value Fund (Series ID: S000018428)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000050920 | Investor Class      | HUSIX           |
| C000106240 | Institutional Class | HUSEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisors Series Trust

- **b. Investment Company Act file number:** 811-07959

- **c. CIK number of Registrant:** 0001027596

- **d. LEI of Registrant:** 2549003Z0J6URS6I4Y63

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 626-914-7363

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

- **a. Name of Series:** Huber Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000018428

- **c. LEI of Series:** 2549001F47L408DNN112

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $79974945.36

**Total Liabilities:** $212368.55

**Net Assets:** $79762576.81

**Cash Not Reported:** $354678.85

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000050920 | 8.66%                | -1.47%               | -3.44%               |
| Class ID C000106240 | 8.73%                | -1.45%               | -3.43%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89828.43               | $6815232.15                                |
| Month 2  | $-278483.57              | $-1098130.58                               |
| Month 3  | $-392098.78              | $-2441528.49                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Enova International Inc        | Enova International Inc                 | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     30702 | NS      | $3671038.14   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp         | Lionsgate Studios Corp                  | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    211106 | NS      | $1357411.58   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd                  | Herbalife Ltd                           | CUSIP: N/A<br>LEI: 549300BA7TYPBSZZIA41       | Long             | EC               | CORP              | US        |    284400 | NS      | $2275200.00   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc        | CNO Financial Group Inc                 | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     67244 | NS      | $2691104.88   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust Inc          | Sila Realty Trust Inc                   | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |     36595 | NS      | $867301.50    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| 8x8 Inc                        | 8x8 Inc                                 | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |    258971 | NS      | $476506.64    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp       | Starz Entertainment Corp                | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | US        |    103321 | NS      | $1085903.71   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp           | Gulfport Energy Corp                    | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |       800 | NS      | $148808.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc | Virtus Investment Partners Inc          | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      7081 | NS      | $1152928.42   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| W&T Offshore Inc               | W&T Offshore Inc                        | CUSIP: 92922P106<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | EC               | CORP              | US        |   1162098 | NS      | $2440405.80   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Vehicle Group Inc   | Commercial Vehicle Group Inc            | CUSIP: 202608105<br>LEI: 5493006OG8I91X0K7Q22 | Long             | EC               | CORP              | US        |    794752 | NS      | $1208023.04   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Pharmaceuticals Inc     | Cipher Pharmaceuticals Inc              | CUSIP: 17253X105<br>LEI: 213800T44AN9XSAOY605 | Long             | EC               | CORP              | CA        |    224700 | NS      | $2371081.24   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Pizza Royalties Income  | Boston Pizza Royalties Income Fund      | CUSIP: 101084101<br>LEI: 5493005FU206TUQVFP65 | Long             | EC               | CORP              | CA        |    101654 | NS      | $1493046.52   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                         | F5 Inc                                  | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      4000 | NS      | $1012200.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/ | First Citizens BancShares Inc/NC        | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       683 | NS      | $1246352.06   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp             | First Horizon Corp                      | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    131679 | NS      | $2812663.44   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| First Northwest Bancorp        | First Northwest Bancorp                 | CUSIP: 335834107<br>LEI: 549300YDR3VSTKB9DQ65 | Long             | EC               | CORP              | US        |     52383 | NS      | $475113.81    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| First United Corp              | First United Corp                       | CUSIP: 33741H107<br>LEI: 549300G54QPXQLB4KN58 | Long             | EC               | CORP              | US        |     78008 | NS      | $2693616.24   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Real Estate Investment | Granite Real Estate Investment Trust    | CUSIP: 387437205<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               | CORP              | CA        |     16937 | NS      | $948556.69    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                   | Innospec Inc                            | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      9440 | NS      | $694595.20    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc           | Northrim BanCorp Inc                    | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |    136208 | NS      | $2993851.84   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                  | O-I Glass Inc                           | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    272112 | NS      | $3072144.48   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc         | TETRA Technologies Inc                  | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    690298 | NS      | $4873503.88   | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Facilities Corp        | Medical Facilities Corp                 | CUSIP: 58457V503<br>LEI: 549300KHW6BB8F1NXK22 | Long             | EC               | CORP              | CA        |      2900 | NS      | $29877.72     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                  | Golar LNG Ltd                           | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | EC               | CORP              | BM        |    181238 | NS      | $7439819.90   | 9.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter Bankshares Inc          | Carter Bankshares Inc                   | CUSIP: 146103106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134813 | NS      | $2302606.04   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN        | Old National Bancorp/IN                 | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     26029 | NS      | $531772.47    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP           | SOUTHSTATE BANK CORP                    | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      9241 | NS      | $819214.65    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Utah Medical Products Inc      | Utah Medical Products Inc               | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |     21182 | NS      | $1230674.20   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Weave Communications Inc       | Weave Communications Inc                | CUSIP: 94724R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    524147 | NS      | $3883929.27   | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                  | H&R Block Inc                           | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     20100 | NS      | $999774.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| C&F Financial Corp             | C&F Financial Corp                      | CUSIP: 12466Q104<br>LEI: 549300VFPAZLNS1R0361 | Long             | EC               | CORP              | US        |     39394 | NS      | $2694943.54   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                       | Lyft Inc                                | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    169100 | NS      | $3459786.00   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                      | Olin Corp                               | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     31800 | NS      | $658260.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group Inc                       | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    295124 | NS      | $5719503.12   | 7.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp      | Taylor Morrison Home Corp               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      5000 | NS      | $296350.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp          | Tenet Healthcare Corp                   | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      5801 | NS      | $1197848.49   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                        | KBR Inc                                 | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     94075 | NS      | $4030173.00   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN       | Miller Industries Inc/TN                | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     19091 | NS      | $766312.74    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications Internati | Science Applications International Corp | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     15110 | NS      | $1415958.10   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Treasurer & Vice President