# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-004641
**Filing Date:** 2026-3
**Character Count:** 35231
**Document Hash:** 02fe881586fbf6c6498d5965072cd7d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004641.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004641

**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:** 26817013

**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 Value Fund (Series ID: S000072844)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000229481 | Westwood Quality Value Fund A Class Shares       | WWLAX           |
| C000229483 | Westwood Quality Value Fund Institutional Shares | WHGLX           |
| C000240108 | Westwood Quality Value Fund Ultra Shares         | WHGQX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.3%** | **Shares** | **Value** |
| **Communications - 8.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Entertainment Content - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warner Music Group Corporation - Class A | &nbsp;&nbsp;117417 | &nbsp;&nbsp;$3520161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Internet Media & Services - 5.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | &nbsp;&nbsp;13464 | &nbsp;&nbsp;4550832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp;6746 | &nbsp;&nbsp;4833509 |
|  |  | &nbsp;&nbsp;9384341 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Telecommunications - 1.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US, Inc. | &nbsp;&nbsp;14385 | &nbsp;&nbsp;2836866 |
| **Consumer Discretionary - 8.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*E-Commerce Discretionary - 3.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. <sup>(a)</sup> | &nbsp;&nbsp;25088 | &nbsp;&nbsp;6003559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Leisure Facilities & Services - 1.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McDonald's Corporation | &nbsp;&nbsp;7337 | &nbsp;&nbsp;2311155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Discretionary - 4.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Home Depot, Inc. (The) | &nbsp;&nbsp;9471 | &nbsp;&nbsp;3547742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc. <sup>(a)</sup> | &nbsp;&nbsp;37750 | &nbsp;&nbsp;3714977 |
|  |  | &nbsp;&nbsp;7262719 |
| **Consumer Staples - 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Beverages - 2.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PepsiCo, Inc. | &nbsp;&nbsp;25558 | &nbsp;&nbsp;3926475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Food - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hershey Company (The) | &nbsp;&nbsp;18728 | &nbsp;&nbsp;3647278 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Consumer Staples - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Walmart, Inc. | &nbsp;&nbsp;15564 | &nbsp;&nbsp;1854295 |
| **Energy - 4.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Oil & Gas Producers - 4.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chevron Corporation | &nbsp;&nbsp;22740 | &nbsp;&nbsp;4022706 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 99.3% (Continued)** | **Shares** | **Value** |
| **Energy - 4.5% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Oil & Gas Producers - 4.5% (Continued)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exxon Mobil Corporation | &nbsp;&nbsp;27378 | &nbsp;&nbsp;$3871249 |
|  |  | &nbsp;&nbsp;7893955 |
| **Financials - 18.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Asset Management - 3.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KKR & Company, Inc. | &nbsp;&nbsp;22711 | &nbsp;&nbsp;2594959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp;11835 | &nbsp;&nbsp;4313858 |
|  |  | &nbsp;&nbsp;6908817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Banking - 6.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;19867 | &nbsp;&nbsp;2738070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company | &nbsp;&nbsp;10758 | &nbsp;&nbsp;3290765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SouthState Bank Corporation | &nbsp;&nbsp;27644 | &nbsp;&nbsp;2828810 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wells Fargo & Company | &nbsp;&nbsp;36988 | &nbsp;&nbsp;3347044 |
|  |  | &nbsp;&nbsp;12204689 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Institutional Financial Services - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | &nbsp;&nbsp;21399 | &nbsp;&nbsp;3718718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Insurance - 5.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur J. Gallagher & Company | &nbsp;&nbsp;13553 | &nbsp;&nbsp;3379712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | &nbsp;&nbsp;4469 | &nbsp;&nbsp;2147488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Progressive Corporation (The) | &nbsp;&nbsp;18834 | &nbsp;&nbsp;3917472 |
|  |  | &nbsp;&nbsp;9444672 |
| **Health Care - 9.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Biotech & Pharma - 4.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | &nbsp;&nbsp;16267 | &nbsp;&nbsp;3696676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Company, Inc. | &nbsp;&nbsp;32501 | &nbsp;&nbsp;3583885 |
|  |  | &nbsp;&nbsp;7280561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Health Care Facilities & Services - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McKesson Corporation | &nbsp;&nbsp;4292 | &nbsp;&nbsp;3567553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Medical Equipment & Devices - 3.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;27786 | &nbsp;&nbsp;3037010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;5690 | &nbsp;&nbsp;3292291 |
|  |  | &nbsp;&nbsp;6329301 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 99.3% (Continued)** | **Shares** | **Value** |
| **Industrials - 11.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Aerospace & Defense - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Dynamics Corporation | &nbsp;&nbsp;4952 | &nbsp;&nbsp;$1738598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Commercial Support Services - 1.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Waste Management, Inc. | &nbsp;&nbsp;10217 | &nbsp;&nbsp;2270626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electrical Equipment - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hubbell, Inc. | &nbsp;&nbsp;7246 | &nbsp;&nbsp;3535613 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Machinery - 4.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deere & Company | &nbsp;&nbsp;6918 | &nbsp;&nbsp;3652704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veralto Corporation | &nbsp;&nbsp;35715 | &nbsp;&nbsp;3535071 |
|  |  | &nbsp;&nbsp;7187775 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Transportation & Logistics - 3.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CSX Corporation | &nbsp;&nbsp;100718 | &nbsp;&nbsp;3803112 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;J.B. Hunt Transport Services, Inc. | &nbsp;&nbsp;8635 | &nbsp;&nbsp;1750487 |
|  |  | &nbsp;&nbsp;5553599 |
| **Materials - 6.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Chemicals - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qnity Electronics, Inc. | &nbsp;&nbsp;36268 | &nbsp;&nbsp;3488256 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Construction Materials - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Drainage Systems, Inc. | &nbsp;&nbsp;11763 | &nbsp;&nbsp;1788446 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eagle Materials, Inc. | &nbsp;&nbsp;9460 | &nbsp;&nbsp;1928043 |
|  |  | &nbsp;&nbsp;3716489 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Containers & Packaging - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Packaging Corporation of America | &nbsp;&nbsp;16712 | &nbsp;&nbsp;3719256 |
| **Real Estate - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*REITs - 1.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis, Inc. | &nbsp;&nbsp;26477 | &nbsp;&nbsp;3456837 |
| **Technology - 17.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors - 2.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Instruments, Inc. | &nbsp;&nbsp;18604 | &nbsp;&nbsp;4010092 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 99.3% (Continued)** | **Shares** | **Value** |
| **Technology - 17.5% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Software - 3.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | &nbsp;&nbsp;7480 | &nbsp;&nbsp;$3218569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Salesforce, Inc. | &nbsp;&nbsp;17036 | &nbsp;&nbsp;3616573 |
|  |  | &nbsp;&nbsp;6835142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Technology Hardware - 6.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;16943 | &nbsp;&nbsp;4396369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dell Technologies, Inc. - Class C | &nbsp;&nbsp;22922 | &nbsp;&nbsp;2623194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | &nbsp;&nbsp;8931 | &nbsp;&nbsp;3595085 |
|  |  | &nbsp;&nbsp;10614648 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Technology Services - 5.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accenture plc - Class A | &nbsp;&nbsp;6525 | &nbsp;&nbsp;1720251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI, Inc. | &nbsp;&nbsp;7641 | &nbsp;&nbsp;4655050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp;9969 | &nbsp;&nbsp;3208323 |
|  |  | &nbsp;&nbsp;9583624 |
| **Utilities - 6.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electric Utilities - 6.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entergy Corporation | &nbsp;&nbsp;38278 | &nbsp;&nbsp;3670477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy, Inc. | &nbsp;&nbsp;55065 | &nbsp;&nbsp;4840214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WEC Energy Group, Inc. | &nbsp;&nbsp;33680 | &nbsp;&nbsp;3727366 |
|  |  | &nbsp;&nbsp;12238057 |
| **Total Common Stocks** (Cost $143,324,378) | **Total Common Stocks** (Cost $143,324,378) | &nbsp;&nbsp;$176043727 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** | **WESTWOOD QUALITY VALUE FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 0.7%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class U, 3.63% <sup>(b)</sup> <br> (Cost $1,307,415) | &nbsp;&nbsp;1307415 | &nbsp;&nbsp;$1307415 |
| **Investments at Value - 100.0%** (Cost $144,631,793) | **Investments at Value - 100.0%** (Cost $144,631,793) | &nbsp;&nbsp;$177351142 |
| **Liabilities in Excess of Other Assets – (0.0%) <sup>(c)</sup>** | **Liabilities in Excess of Other Assets – (0.0%) <sup>(c)</sup>** | &nbsp;&nbsp; (22016) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$177329126 |

---

plc - Public Limited Company <br>

<sup>(a)</sup> Non-income producing security.

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

<sup>(c)</sup> Percentage rounds to less than 0.1%.

## 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 VALUE FUND

- **b. EDGAR series identifier (if any):** S000072844

- **c. LEI of Series:** 549300L1KHD013NBVS54

**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:** $177475221.22

**Total Liabilities:** $146095.56

**Net Assets:** $177329125.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229481 | 2.06%                | -0.27%               | 2.80%                |
| Class ID C000229483 | 2.07%                | -0.29%               | 2.73%                |
| Class ID C000240108 | 2.08%                | -0.29%               | 2.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $481188.67               | $2995267.38                                |
| Month 2  | $2404720.08              | $-2971260.64                               |
| Month 3  | $1668937.63              | $2822057.58                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                 | Abbott Laboratories                                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     27786 | NS      | $3037009.80   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc        | Advanced Drainage Systems, Inc.                      | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     11763 | NS      | $1788446.52   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                       | Alphabet, Inc. Class A                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     13464 | NS      | $4550832.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                    | Amazon.com, Inc.                                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     25088 | NS      | $6003558.40   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                          | Apple, Inc.                                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     16943 | NS      | $4396369.64   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.             | Berkshire Hathaway, Inc. Class B                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      4469 | NS      | $2147488.57   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                     | CSX Corporation                                      | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    100718 | NS      | $3803111.68   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                       | Chevron Corporation                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22740 | NS      | $4022706.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.          | Cullen/Frost Bankers, Inc.                           | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     19867 | NS      | $2738069.94   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                     | Deere & Company                                      | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      6918 | NS      | $3652704.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc               | Dell Technologies, Inc. Class C                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     22922 | NS      | $2623193.68   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                | Eagle Materials, Inc.                                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      9460 | NS      | $1928042.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                 | Entergy Corporation                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     38278 | NS      | $3670477.42   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                   | Exxon Mobil Corporation                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     27378 | NS      | $3871249.20   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                  | Meta Platforms, Inc. Class A                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6746 | NS      | $4833509.00   | 2.73%             |  |  |  | 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        |   1307415 | PA      | $1307414.87   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                    | Arthur J Gallagher & Company                         | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     13553 | NS      | $3379711.61   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation        | General Dynamics Corporation                         | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      4952 | NS      | $1738597.68   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                   | Hershey Company (The)                                | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     18728 | NS      | $3647278.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                     | Home Depot, Inc. (The)                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      9471 | NS      | $3547741.89   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                | Hubbell, Inc.                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      7246 | NS      | $3535613.24   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| J. B. Hunt Transport Services, Inc. | JB Hunt Transport Services, Inc.                     | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      8635 | NS      | $1750487.20   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc       | Intercontinental Exchange, Inc.                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     21399 | NS      | $3718718.22   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                | JPMorgan Chase & Company                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     10758 | NS      | $3290764.62   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                   | Johnson & Johnson                                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     16267 | NS      | $3696675.75   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                       | KKR & Company, Inc. Class A                          | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     22711 | NS      | $2594958.86   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.         | LPL Financial Holdings, Inc.                         | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     11835 | NS      | $4313857.50   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc.                           | MSCI, Inc.                                           | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      7641 | NS      | $4655050.02   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                    | McDonald's Corporation                               | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      7337 | NS      | $2311155.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                      | McKesson Corporation                                 | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      4292 | NS      | $3567553.32   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                    | Merck & Company, Inc.                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     32501 | NS      | $3583885.27   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                     | Microsoft Corporation                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7480 | NS      | $3218569.20   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc              | Motorola Solutions, Inc.                             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      8931 | NS      | $3595084.74   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                  | NextEra Energy, Inc.                                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     55065 | NS      | $4840213.50   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.            | O'Reilly Automotive, Inc.                            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     37750 | NS      | $3714977.50   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America    | Packaging Corp of America                            | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     16712 | NS      | $3719255.60   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                         | PepsiCo, Inc.                                        | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     25558 | NS      | $3926475.54   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation         | Progressive Corporation (The)                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     18834 | NS      | $3917472.00   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                       | Prologis, Inc. REIT                                  | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     26477 | NS      | $3456837.12   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc.              | Qnity Electonics, Inc.                               | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |     36268 | NS      | $3488256.24   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                     | Salesforce, Inc.                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     17036 | NS      | $3616572.44   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.               | SOUTHSTATE BANK CORP                                 | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27644 | NS      | $2828810.52   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                     | T-Mobile US, Inc.                                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     14385 | NS      | $2836865.85   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.              | Texas Instruments, Inc.                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     18604 | NS      | $4010092.20   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc        | Thermo Fisher Scientific, Inc.                       | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      5690 | NS      | $3292290.90   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                       | Veralto Corporation                                  | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     35715 | NS      | $3535070.70   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                            | Visa, Inc. Class A                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      9969 | NS      | $3208323.27   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.               | WEC Energy Group, Inc.                               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     33680 | NS      | $3727365.60   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                         | Walmart, Inc.                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     15564 | NS      | $1854294.96   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corporation      | Warner Music Group Corp.                             | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117417 | NS      | $3520161.66   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.              | Waste Management, Inc.                               | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     10217 | NS      | $2270626.08   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                   | Wells Fargo & Company                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     36988 | NS      | $3347044.12   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                       | Accenture plc Class A                                | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      6525 | NS      | $1720251.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer