# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-004634
**Filing Date:** 2026-3
**Character Count:** 42089
**Document Hash:** dbf43c7deb6c980c4d10cc7fa4a1e8d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004634.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004634

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26817006

**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 SmallCap Fund (Series ID: S000072842)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000229475 | Westwood Quality SmallCap Fund A Class Shares       | WHGAX           |
| C000229476 | Westwood Quality SmallCap Fund Institutional Shares | WHGSX           |
| C000229477 | Westwood Quality SmallCap Fund Ultra Shares         | WWSYX           |
| C000229478 | Westwood Quality SmallCap Fund C Class Shares       | WHGCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 98.3%** | **Shares** | **Value** |
| **Consumer Discretionary - 10.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Automotive - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPEL, Inc. <sup>(a)</sup> | &nbsp;&nbsp;179703 | &nbsp;&nbsp;$9256502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Home Construction - 1.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Century Communities, Inc. | &nbsp;&nbsp;272877 | &nbsp;&nbsp;17185793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Leisure Facilities & Services - 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheesecake Factory, Inc. (The) | &nbsp;&nbsp;250893 | &nbsp;&nbsp;14541758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Leisure Products - 1.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YETI Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;388436 | &nbsp;&nbsp;17755410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Discretionary - 3.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;333808 | &nbsp;&nbsp;18362778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boot Barn Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;46967 | &nbsp;&nbsp;8382670 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sonic Automotive, Inc. - Class A | &nbsp;&nbsp;158128 | &nbsp;&nbsp;9481355 |
|  |  | &nbsp;&nbsp;36226803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Wholesale - Discretionary - 0.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Climb Global Solutions, Inc. | &nbsp;&nbsp;48205 | &nbsp;&nbsp;5716631 |
| **Consumer Staples - 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Food - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J & J Snack Foods Corporation | &nbsp;&nbsp;98452 | &nbsp;&nbsp;9352940 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Household Products - 2.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Central Garden & Pet Company - Class A <sup>(a)</sup> | &nbsp;&nbsp;303626 | &nbsp;&nbsp;9312209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interparfums, Inc. | &nbsp;&nbsp;198736 | &nbsp;&nbsp;19390672 |
|  |  | &nbsp;&nbsp;28702881 |
| **Energy - 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Oil & Gas Producers - 5.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy Corporation <sup>(a)</sup> | &nbsp;&nbsp;55956 | &nbsp;&nbsp;11424536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infinity Natural Resources, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;513629 | &nbsp;&nbsp;8156429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Corporation - Class A | &nbsp;&nbsp;405482 | &nbsp;&nbsp;10343846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northern Oil and Gas, Inc. | &nbsp;&nbsp;834476 | &nbsp;&nbsp;20861900 |
|  |  | &nbsp;&nbsp;50786711 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 98.3% (Continued)** | **Shares** | **Value** |
| **Financials - 24.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Banking - 18.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atlantic Union Bankshares Corporation | &nbsp;&nbsp;521024 | &nbsp;&nbsp;$20236572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Banner Corporation | &nbsp;&nbsp;298758 | &nbsp;&nbsp;18475195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City Holding Company | &nbsp;&nbsp;156755 | &nbsp;&nbsp;19294973 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Coastal Financial Corporation <sup>(a)</sup> | &nbsp;&nbsp;85363 | &nbsp;&nbsp;8176068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FB Financial Corporation | &nbsp;&nbsp;334843 | &nbsp;&nbsp;19263518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First Bancorp | &nbsp;&nbsp;330797 | &nbsp;&nbsp;19163070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Bank Holdings Corporation - Class A | &nbsp;&nbsp;385962 | &nbsp;&nbsp;15507953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Renasant Corporation | &nbsp;&nbsp;525429 | &nbsp;&nbsp;19813928 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seacoast Banking Corporation of Florida | &nbsp;&nbsp;595623 | &nbsp;&nbsp;19917633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simmons First National Corporation - Class A | &nbsp;&nbsp;1009526 | &nbsp;&nbsp;20523663 |
|  |  | &nbsp;&nbsp;180372573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Institutional Financial Services - 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Perella Weinberg Partners | &nbsp;&nbsp;511238 | &nbsp;&nbsp;11405720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Piper Sandler Companies | &nbsp;&nbsp;55386 | &nbsp;&nbsp;19182941 |
|  |  | &nbsp;&nbsp;30588661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Insurance - 2.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Baldwin Insurance Group, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;745451 | &nbsp;&nbsp;16340286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group, Inc. <sup>(a)</sup> | &nbsp;&nbsp;236222 | &nbsp;&nbsp;10540226 |
|  |  | &nbsp;&nbsp;26880512 |
| **Health Care - 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Biotech & Pharma - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare, Inc. <sup>(a)</sup> | &nbsp;&nbsp;310545 | &nbsp;&nbsp;20020836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Health Care Facilities & Services - 1.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Addus HomeCare Corporation <sup>(a)</sup> | &nbsp;&nbsp;101413 | &nbsp;&nbsp;10494217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Medical Equipment & Devices - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merit Medical Systems, Inc. <sup>(a)</sup> | &nbsp;&nbsp;244312 | &nbsp;&nbsp;19811260 |
| **Industrials - 19.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Aerospace & Defense - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAR Corporation <sup>(a)</sup> | &nbsp;&nbsp;185265 | &nbsp;&nbsp;19621416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electrical Equipment - 4.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;340606 | &nbsp;&nbsp;19744930 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 98.3% (Continued)** | **Shares** | **Value** |
| **Industrials - 19.3% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electrical Equipment - 4.0% (Continued)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hayward Holdings Inc. <sup>(a)</sup> | &nbsp;&nbsp;1170729 | &nbsp;&nbsp;$18895566 |
|  |  | &nbsp;&nbsp;38640496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Engineering & Construction - 3.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Everus Construction Group, Inc. <sup>(a)</sup> | &nbsp;&nbsp;205562 | &nbsp;&nbsp;18190181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MYR Group, Inc. <sup>(a)</sup> | &nbsp;&nbsp;43799 | &nbsp;&nbsp;10951502 |
|  |  | &nbsp;&nbsp;29141683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Industrial Intermediate Products - 3.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AZZ, Inc. | &nbsp;&nbsp;129972 | &nbsp;&nbsp;16154220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standex International Corporation | &nbsp;&nbsp;82908 | &nbsp;&nbsp;19897920 |
|  |  | &nbsp;&nbsp;36052140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Machinery - 3.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alamo Group, Inc. | &nbsp;&nbsp;55230 | &nbsp;&nbsp;10786971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lindsay Corporation | &nbsp;&nbsp;81173 | &nbsp;&nbsp;10168542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermon Group Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;262053 | &nbsp;&nbsp;11857898 |
|  |  | &nbsp;&nbsp;32813411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Transportation & Logistics - 1.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ArcBest Corporation | &nbsp;&nbsp;110647 | &nbsp;&nbsp;9982572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Transportation Equipment - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Bird Corporation <sup>(a)</sup> | &nbsp;&nbsp;403795 | &nbsp;&nbsp;20314927 |
| **Materials - 8.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Chemicals - 4.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hawkins, Inc. | &nbsp;&nbsp;103313 | &nbsp;&nbsp;13456518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Innospec, Inc. | &nbsp;&nbsp;127817 | &nbsp;&nbsp;10445205 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sensient Technologies Corporation | &nbsp;&nbsp;198798 | &nbsp;&nbsp;18790387 |
|  |  | &nbsp;&nbsp;42692110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Construction Materials - 1.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Knife River Corporation <sup>(a)</sup> | &nbsp;&nbsp;276969 | &nbsp;&nbsp;18604008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Forestry, Paper & Wood Products - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boise Cascade Company | &nbsp;&nbsp;113915 | &nbsp;&nbsp;9205471 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 98.3% (Continued)** | **Shares** | **Value** |
| **Materials - 8.1% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Metals & Mining - 0.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Centerra Gold, Inc. | &nbsp;&nbsp;483938 | &nbsp;&nbsp;$8110801 |
| **Real Estate - 8.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Real Estate Services - 1.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group, Inc. - Class A | &nbsp;&nbsp;640880 | &nbsp;&nbsp;11426890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*REITs - 7.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COPT Defense Properties | &nbsp;&nbsp;673003 | &nbsp;&nbsp;20735223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Four Corners Property Trust, Inc. | &nbsp;&nbsp;827091 | &nbsp;&nbsp;20387793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sunstone Hotel Investors, Inc. | &nbsp;&nbsp;1048017 | &nbsp;&nbsp;9191109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Urban Edge Properties | &nbsp;&nbsp;1007491 | &nbsp;&nbsp;19575550 |
|  |  | &nbsp;&nbsp;69889675 |
| **Technology - 8.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors - 3.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPG Photonics Corporation <sup>(a)</sup> | &nbsp;&nbsp;57098 | &nbsp;&nbsp;5276426 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Power Integrations, Inc. | &nbsp;&nbsp;230871 | &nbsp;&nbsp;10606214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veeco Instruments, Inc. <sup>(a)</sup> | &nbsp;&nbsp;584445 | &nbsp;&nbsp;18252217 |
|  |  | &nbsp;&nbsp;34134857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Software - 4.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackLine, Inc. <sup>(a)</sup> | &nbsp;&nbsp;384239 | &nbsp;&nbsp;17855587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Donnelley Financial Solutions, Inc. <sup>(a)</sup> | &nbsp;&nbsp;198227 | &nbsp;&nbsp;10258247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verra Mobility Corporation <sup>(a)</sup> | &nbsp;&nbsp;810989 | &nbsp;&nbsp;15652088 |
|  |  | &nbsp;&nbsp;43765922 |
| **Utilities - 5.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electric Utilities - 3.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avista Corporation | &nbsp;&nbsp;491614 | &nbsp;&nbsp;20298742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Northwestern Energy Group, Inc. | &nbsp;&nbsp;146466 | &nbsp;&nbsp;9939183 |
|  |  | &nbsp;&nbsp;30237925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Gas & Water Utilities - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MDU Resources Group, Inc. | &nbsp;&nbsp;958023 | &nbsp;&nbsp;19649052 |
| **Total Common Stocks** (Cost $794,442,873) | **Total Common Stocks** (Cost $794,442,873) | &nbsp;&nbsp;$951976844 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** | **WESTWOOD QUALITY SMALLCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 2.1%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class U, 3.63% <sup>(b)</sup> <br> (Cost $19,867,678) | &nbsp;&nbsp;19867678 | &nbsp;&nbsp;$19867678 |
| **Investments at Value - 100.4%** (Cost $814,310,551) | **Investments at Value - 100.4%** (Cost $814,310,551) | &nbsp;&nbsp;$971844522 |
| **Liabilities in Excess of Other Assets - (0.4%)** | **Liabilities in Excess of Other Assets - (0.4%)** | &nbsp;&nbsp; (4018726) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$967825796 |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> The rate shown is the 7-day effective yield as of January 31, 2026.

## 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 SMALLCAP FUND

- **b. EDGAR series identifier (if any):** S000072842

- **c. LEI of Series:** 549300PJ13YBRZUAKH28

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $971940869.68

**Total Liabilities:** $4115073.98

**Net Assets:** $967825795.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229475 | 3.56%                | -1.07%               | 5.67%                |
| Class ID C000229476 | 3.60%                | -1.04%               | 5.65%                |
| Class ID C000229477 | 3.59%                | -1.05%               | 5.65%                |
| Class ID C000229478 | 3.48%                | -1.11%               | 5.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12986821.69            | $45024215.99                               |
| Month 2  | $3142004.26              | $-14426355.21                              |
| Month 3  | $17960384.03             | $34627398.33                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAR Corp.                               | AAR Corporation                                      | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    185265 | NS      | $19621416.15  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                 | AZZ, Inc.                                            | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |    129972 | NS      | $16154219.88  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc         | Academy Sports & Outdoors, Inc.                      | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |    333808 | NS      | $18362778.08  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus Homecare Corp                     | Addus HomeCare Corporation                           | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |    101413 | NS      | $10494217.24  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                         | Alamo Group, Inc.                                    | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     55230 | NS      | $10786971.30  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                     | ArcBest Corporation                                  | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |    110647 | NS      | $9982572.34   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp          | Atlantic Union Bankshares Corporation                | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    521024 | NS      | $20236572.16  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc.      | Atmus Filtration Technologies, Inc.                  | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    340606 | NS      | $19744929.82  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                      | Avista Corporation                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    491614 | NS      | $20298742.06  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Baldwin Insurance Group Inc         | Baldwin Insurance Group, Inc. (The)                  | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    745451 | NS      | $16340285.92  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                             | Banner Corporation                                   | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    298758 | NS      | $18475194.72  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                           | BlackLine, Inc.                                      | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |    384239 | NS      | $17855586.33  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                         | Blue Bird Corporation                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |    403795 | NS      | $20314926.45  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                        | Boise Cascade Company                                | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |    113915 | NS      | $9205471.15   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                  | Boot Barn Holdings, Inc.                             | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     46967 | NS      | $8382670.16   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                       | CENTERRA GOLD INC COM                                | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    483938 | NS      | $8110800.88   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company            | Central Garden & Pet Company Class A Non-Voting      | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |    303626 | NS      | $9312209.42   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                 | Century Communities, Inc.                            | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |    272877 | NS      | $17185793.46  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                  | Cheesecake Factory, Inc. (The)                       | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |    250893 | NS      | $14541758.28  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                         | City Holding Company                                 | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156755 | NS      | $19294972.95  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                 | Coastal Financial Corp                               | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     85363 | NS      | $8176068.14   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                 | COPT Defense Properties REIT                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    673003 | NS      | $20735222.43  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc       | Donnelley Financial Solutions, Inc.                  | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |    198227 | NS      | $10258247.25  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc.          | Everus Construction Group, Inc.                      | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |    205562 | NS      | $18190181.38  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                      | FB Financial Corporation                             | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |    334843 | NS      | $19263517.79  | 1.99%             |  |  |  | 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        |  19867678 | PA      | $19867678.22  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                           | First Bancorp                                        | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330797 | NS      | $19163070.21  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc.        | Four Corners Property Trust, Inc.                    | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |    827091 | NS      | $20387793.15  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.         | Gulfport Energy Corporation                          | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |     55956 | NS      | $11424536.52  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                             | Hawkins, Inc.                                        | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |    103313 | NS      | $13456518.25  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                    | Hayward Holdings, Inc. Class A                       | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1170729 | NS      | $18895566.06  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                      | IPG Photonics Corporation                            | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     57098 | NS      | $5276426.18   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Natural Resources Inc.         | Infinity Natural Resources, Inc.                     | CUSIP: 456941103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    513629 | NS      | $8156428.52   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                            | Innospec, Inc.                                       | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |    127817 | NS      | $10445205.24  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                        | Interparfums, Inc.                                   | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198736 | NS      | $19390671.52  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| J&J Snack Foods Corp                    | J & J Snack Foods Corporation                        | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     98452 | NS      | $9352940.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                       | Knife River Corporation                              | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276969 | NS      | $18604007.73  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                            | Lindsay Corporation                                  | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     81173 | NS      | $10168541.71  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.               | MDU Resources Group, Inc.                            | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    958023 | NS      | $19649051.73  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Grp Inc                             | MYR Group, Inc.                                      | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     43799 | NS      | $10951501.96  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation          | Magnolia Oil & Gas Corporation                       | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    405482 | NS      | $10343845.82  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc.              | Merit Medical Systems, Inc.                          | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    244312 | NS      | $19811260.08  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp             | National Bank Holdings Corporation                   | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    385962 | NS      | $15507953.16  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                       | Newmark Group, Inc. Class A                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    640880 | NS      | $11426890.40  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.              | Northern Oil & Gas, Inc.                             | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    834476 | NS      | $20861900.00  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc           | Northwestern Energy Group, Inc.                      | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    146466 | NS      | $9939182.76   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners               | Perella Weinberg Partners                            | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    511238 | NS      | $11405719.78  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                 | Piper Sandler Cos                                    | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     55386 | NS      | $19182941.10  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc.                 | Power Integrations, Inc.                             | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |    230871 | NS      | $10606213.74  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc        | Prestige Consumer Healthcare, Inc.                   | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    310545 | NS      | $20020836.15  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                          | Renasant Corporation                                 | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |    525429 | NS      | $19813927.59  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida | Seacoast Banking Corp of Florida                     | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    595623 | NS      | $19917633.12  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp              | Sensient Technologies Corporation                    | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |    198798 | NS      | $18790386.96  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp             | Simmons First National Corporation Class A           | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |   1009526 | NS      | $20523663.58  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc   | Skyward Specialty Insurance Group, Inc.              | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |    236222 | NS      | $10540225.64  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                  | Sonic Automotive, Inc.                               | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |    158128 | NS      | $9481354.88   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp              | Standex International Corporation                    | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |     82908 | NS      | $19897920.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc.           | Sunstone Hotel Investors, Inc. REIT                  | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |   1048017 | NS      | $9191109.09   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc              | Thermon Group Holdings, Inc.                         | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    262053 | NS      | $11857898.25  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                   | Urban Edge Properties REIT                           | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1007491 | NS      | $19575550.13  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                  | Veeco Instruments, Inc.                              | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    584445 | NS      | $18252217.35  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation              | Verra Mobility Corporation                           | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |    810989 | NS      | $15652087.70  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc              | Climb Global Solutions, Inc.                         | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |     48205 | NS      | $5716630.95   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Xpel Inc.                               | XPEL, Inc.                                           | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |    179703 | NS      | $9256501.53   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                       | YETI Holdings, Inc.                                  | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    388436 | NS      | $17755409.56  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

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

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer