# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0001752724-25-203048
**Filing Date:** 2025-8
**Character Count:** 25119
**Document Hash:** 92d8baa4d8db3ff3b57c68ffd0a4400e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203048.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-203048

**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:** 251251810

**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 Ranger Equity Bear ETF (Series ID: S000030090)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000092409 | AdvisorShares Ranger Equity Bear ETF | HDGE            |

## 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 Ranger Equity Bear ETF

- **b. EDGAR series identifier (if any):** S000030090

- **c. LEI of Series:** 5493002XL8HC1EE2BT77

**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:** $90597425.98

**Total Liabilities:** $45002451.59

**Net Assets:** $45594974.39

**Cash Not Reported:** $23716491.23

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092409 | 5.15%                | -5.03%               | -4.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4723308.55              | $-2356995.28                               |
| Month 2  | $-599252.64              | $-2189874.51                               |
| Month 3  | $-1523655.59             | $-856141.05                                |

**Designated Index Information**

- **Index Name:** S&P 500 (Price)

- **Index Identifier:** 500

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sherwin-Williams Co/The                                              | Sherwin-Williams Co/The                                              | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-686720.00   | -1.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                                              | Akamai Technologies Inc                                              | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-717840.00   | -1.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                                     | Genuine Parts Co                                                     | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-970480.00   | -2.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                                        | Advanced Drainage Systems Inc                                        | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-918880.00   | -2.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                                                      | SentinelOne Inc                                                      | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-731200.00   | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp                                         | Six Flags Entertainment Corp                                         | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-760750.00   | -1.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                                                 | Extreme Networks Inc                                                 | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-897500.00   | -1.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Workiva Inc                                                          | Workiva Inc                                                          | CUSIP: 98139A105<br>LEI: 529900RTOQ8GRWHY1O58 | Short            | EC               | CORP              | US        |    -14000 | NS      | $-958300.00   | -2.10%            |  |  |  | No            |                  1 | On Loan: No      |
| WPP PLC                                                              | WPP PLC                                                              | CUSIP: 92937A102<br>LEI: 549300LSGBXPYHXGDT93 | Short            | EC               | CORP              | GB        |    -20000 | NS      | $-700200.00   | -1.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                                          | Penske Automotive Group Inc                                          | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-1030860.00  | -2.26%            |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                                                       | AutoNation Inc                                                       | CUSIP: 05329W102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4500 | NS      | $-893925.00   | -1.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                                         | Comerica Inc                                                         | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-894750.00   | -1.96%            |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                            | CubeSmart                                                            | CUSIP: 229663109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -15000 | NS      | $-637500.00   | -1.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                                                        | Trupanion Inc                                                        | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Short            | EC               | CORP              | US        |    -15554 | NS      | $-860913.90   | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                           | Diageo PLC                                                           | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Short            | EC               | CORP              | GB        |     -7000 | NS      | $-705880.00   | -1.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                                             | Bank OZK                                                             | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-941200.00   | -2.06%            |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                                             | KLA Corp                                                             | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-895740.00   | -1.96%            |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                                                    | Brunswick Corp/DE                                                    | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-662880.00   | -1.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                                           | Impinj Inc                                                           | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Short            | EC               | CORP              | US        |     -7500 | NS      | $-833025.00   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                                             | Lennox International Inc                                             | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Short            | EC               | CORP              | US        |     -1200 | NS      | $-687888.00   | -1.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                                    | Lam Research Corp                                                    | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-973400.00   | -2.13%            |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III | FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   5106642 | NS      | $5106642.49   | 11.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Star Bulk Carriers Corp                                              | Star Bulk Carriers Corp                                              | CUSIP: 000000000<br>LEI: 549300SO3FMK7H6DDY54 | Short            | EC               | CORP              | GR        |    -50000 | NS      | $-862500.00   | -1.89%            |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                                         | Glaukos Corp                                                         | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-826320.00   | -1.81%            |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                                           | Kforce Inc                                                           | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-411300.00   | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                                            | Aptiv PLC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | IE        |    -15000 | NS      | $-1023300.00  | -2.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                                             | Digital Realty Trust Inc                                             | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-871650.00   | -1.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                                            | Caesars Entertainment Inc                                            | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-851700.00   | -1.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                                  | Avery Dennison Corp                                                  | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-877350.00   | -1.92%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                             | Western Alliance Bancorp                                             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-935760.00   | -2.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp                                               | Credit Acceptance Corp                                               | CUSIP: 225310101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1758 | NS      | $-895577.94   | -1.96%            |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                                            | nCino Inc                                                            | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |    -22000 | NS      | $-615340.00   | -1.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                                                 | Western Union Co/The                                                 | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Short            | EC               | CORP              | US        |    -65000 | NS      | $-547300.00   | -1.20%            |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                                            | PG&E Corp                                                            | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Short            | EC               | CORP              | US        |    -40000 | NS      | $-557600.00   | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                                    | Expedia Group Inc                                                    | CUSIP: 30212P303<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -6000 | NS      | $-1012080.00  | -2.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                                      | Best Buy Co Inc                                                      | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-805560.00   | -1.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                                       | Whirlpool Corp                                                       | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-912780.00   | -2.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                                                    | Lithia Motors Inc                                                    | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-1013460.00  | -2.22%            |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                                        | DR Horton Inc                                                        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-644600.00   | -1.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                                           | Axalta Coating Systems Ltd                                           | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Short            | EC               | CORP              | US        |    -22000 | NS      | $-653180.00   | -1.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                                                         | Nordson Corp                                                         | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-857480.00   | -1.88%            |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                                           | CarMax Inc                                                           | CUSIP: 143130102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -20000 | NS      | $-1344200.00  | -2.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                                              | Insight Enterprises Inc                                              | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-828510.00   | -1.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                                       | Albemarle Corp                                                       | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-626700.00   | -1.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/T                                       | Interpublic Group of Cos Inc/The                                     | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Short            | EC               | CORP              | US        |    -22000 | NS      | $-538560.00   | -1.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                                                  | Viking Holdings Ltd                                                  | CUSIP: 000000000<br>LEI: N/A                  | Short            | EC               | CORP              | BM        |    -15000 | NS      | $-799350.00   | -1.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                                        | Synaptics Inc                                                        | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-972300.00   | -2.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                            | Apple Inc                                                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Short            | EC               | CORP              | US        |     -9000 | NS      | $-1846530.00  | -4.05%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Homebuilders ETF                                            | SPDR S&P Homebuilders ETF                                            | CUSIP: 78464A888<br>LEI: 549300MSE80LL1UJS132 | Short            | EC               | RF                | US        |    -10000 | NS      | $-985700.00   | -2.16%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund                                          | BlackRock Liquidity FedFund                                          | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  61641554 | NS      | $61641553.88  | 135.19%           |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                                   | Realty Income Corp                                                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-864150.00   | -1.90%            |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                                          | CDW Corp/DE                                                          | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Short            | EC               | CORP              | US        |     -4500 | NS      | $-803655.00   | -1.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                                                    | Omnicom Group Inc                                                    | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1079100.00  | -2.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                                    | Kimco Realty Corp                                                    | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-630600.00   | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                                               | Synovus Financial Corp                                               | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-1035000.00  | -2.27%            |  |  |  | No            |                  1 | 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