# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0001752724-25-203052
**Filing Date:** 2025-8
**Character Count:** 17970
**Document Hash:** d54a4094516a95b4c86ff650e6696ccc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203052.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-203052

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AdvisorShares Trust
- **CENTRAL INDEX KEY:** 0001408970

**ORGANIZATION NAME:**
- **EIN:** 260636087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22110
- **FILM NUMBER:** 251251815

**BUSINESS ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** (877) 843-3831

**MAIL ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

## Series and Classes Contracts Data

### AdvisorShares Pure US Cannabis ETF (Series ID: S000066948)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000215439 | AdvisorShares Pure US Cannabis ETF | MSOS            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AdvisorShares Trust

- **b. Investment Company Act file number:** 811-22110

- **c. CIK number of Registrant:** 0001408970

- **d. LEI of Registrant:** 549300K5KGUMX2I7WM68

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

  - **Street Address 1:** 4800 Montgomery Lane

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 877-843-3831

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

- **a. Name of Series:** AdvisorShares Pure US Cannabis ETF

- **b. EDGAR series identifier (if any):** S000066948

- **c. LEI of Series:** 549300U1LLTOEUUI7S22

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $330363313.03

**Total Liabilities:** $15536169.47

**Net Assets:** $314827143.56

**Cash Not Reported:** $265770966.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215439 | 21.06%               | -23.14%              | -2.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-242817.61              | $1275288.52                                |
| Month 2  | $0.00                    | $-5399187.66                               |
| Month 3  | $0.00                    | $-1948028.06                               |

**Designated Index Information**

- **Index Name:** Nasdaq CRB Monitor Global Cannabis Index

- **Index Identifier:** HERBAL Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COWEN INC.               | TRS CURALEAF HOLDINGS INC         | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $329684.44    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluent Corp              | Fluent Corp                       | CUSIP: 34380L102<br>LEI: 894500OFN8DA1XPGMT54 | Long             | EC               | CORP              | US        |   5163788 | NS      | $258189.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $1073618.13   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS TERRASCEND CORP               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-790268.55   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1742749.73  | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS 4FRONT VENTURES CORP          | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $3574.87      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS C21 INVESTMENTS INC           | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-69778.37    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS AYR WELLNESS INC              | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1788.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS C21 INVESTMENTS INC           | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $206513.18    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK TREASURY TRUST | BLACKROCK TREASURY TRUST          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  34172546 | NS      | $34172546.03  | 10.85%            |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.               | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2058194.39  | -0.65%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS VIREO GROWTH INC              | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-64825.45    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS PLANET 13 HOLDINGS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-285105.90   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS CURALEAF HOLDINGS INC         | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-198463.74   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $1932532.26   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-19461.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TerrAscend Corp          | TerrAscend Corp                   | CUSIP: 88105E108<br>LEI: 529900Z66HBZ5381EO49 | Long             | EC               | CORP              | CA        |  26311924 | NS      | $7338395.60   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS AYR WELLNESS INC              | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $128297.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS VERANO HOLDINGS CORP          | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3186631.35  | -1.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS GOLD FLORA CORP               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-175614.97   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS AYR WELLNESS INC              | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $291088.67    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS LOWELL FARMS INC              | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $2525.80      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS ASCEND WELLNESS HOLDINGS INC  | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-31991.88    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS TRANSCEND THERAPEUTICS INC    | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-403611.61   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10058.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Hempfusion Wellness Inc  | Hempfusion Wellness Inc           | CUSIP: 423821107<br>LEI: 549300IKC8T8NTH4GY17 | Long             | EC               | CORP              | CA        |   2388103 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.               | TRS VEXT SCIENCE INC              | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $151753.89    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $409471.85    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS VIREO GROWTH INC              | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $339013.55    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $978526.59    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS AYR WELLNESS INC              | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-653006.05   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS JUSHI HOLDINGS INC            | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $532529.92    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS COLUMBIA CARE INC             | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-11767.58    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $3823574.72   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-849381.03   | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS MARIMED INC                   | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-76282.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS VERANO HOLDINGS CORP          | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-333964.78   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS JUSHI HOLDINGS INC            | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $420347.43    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS GROWN ROGUE INTERNATIONAL INC | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-114893.81   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS GROWN ROGUE INTERNATIONAL INC | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $21133.33     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS CANNABIST CO HOLDINGS INC/THE | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $136105.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS AYR WELLNESS INC              | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-8063.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Curaleaf Holdings Inc    | Curaleaf Holdings Inc             | CUSIP: 23126M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  13236000 | NS      | $11160595.20  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA INTERNATIONAL PLC | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1118299.45  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.               | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2747781.19  | -0.87%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.  | TRS PLANET 13 HOLDINGS INC        | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-244999.62   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** AdvisorShares Trust

**Signature:** Dan Ahrens

**Name of Signer:** Dan Ahrens

**Title:** Secretary and Treasurer