# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-25-181089
**Filing Date:** 2025-7
**Character Count:** 12841
**Document Hash:** 7a29f41ac7ae4fbf5d592df015403a41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181089.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181089

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250531

**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:** 251157743

**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

### EVOLUTIONARY TREE INNOVATORS FUND (Series ID: S000069399)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000221442 | EVOLUTIONARY TREE INNOVATORS FUND I CLASS SHARES | INVNX           |
| C000234765 | EVOLUTIONARY TREE INNOVATORS FUND A CLASS SHARES | INVTX           |

## 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:** EVOLUTIONARY TREE INNOVATORS FUND

- **b. EDGAR series identifier (if any):** S000069399

- **c. LEI of Series:** 54930029KRF0J15JFC83

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $24315335.99

**Total Liabilities:** $34015.28

**Net Assets:** $24281320.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221442 | -9.32%               | 5.63%                | 6.26%                |
| Class ID C000234765 | -9.39%               | 5.62%                | 6.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $23646.18                | $-2966853.23                               |
| Month 2  | $28219.11                | $1621596.11                                |
| Month 3  | $1975316.23              | $-82711.67                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Workday Inc                       | Workday, Inc. Class A                            | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1895 | NS      | $469410.45    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation                | Roku Inc.                                        | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10275 | NS      | $893719.50    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen Inc                    | Sweetgreen, Inc. - Class A                       | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17025 | NS      | $228475.50    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc               | KRYSTAL BIOTECH, INC.                            | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      3090 | NS      | $389216.40    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                | Meta Platforms, Inc. Class A Class A             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1620 | NS      | $1048933.80   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                      | Synopsys, Inc.                                   | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      2215 | NS      | $1027715.70   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                    | ServiceNow, Inc.                                 | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1482 | NS      | $1498435.38   | 6.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                       | SHOPIFY, INC. CLASS A                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |      7395 | NS      | $792891.90    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.Com Limited                | Monday.com Ltd                                   | CUSIP: M7S64H106<br>LEI: 984500MDAFVD86E3B328 | Long             | EC               | CORP              | IL        |      2875 | NS      | $855283.75    | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubspot Inc                       | HubSpot, Inc.                                    | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       641 | NS      | $378125.90    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                          | Visa, Inc. Class A                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1518 | NS      | $554358.42    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc               | Axon Enterprise, Inc.                            | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       817 | NS      | $613044.12    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                         | argenx SE                                        | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | US        |       891 | NS      | $510774.66    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyberark Software Ltd.            | Cyberark Software LTD.                           | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | US        |      3420 | NS      | $1309107.60   | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                       | Zscaler, Inc.                                    | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1860 | NS      | $512802.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | First American Treasury Obligations Fund Class X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1157817 | PA      | $1157817.46   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc             | Uber Technologies, Inc.                          | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     12008 | NS      | $1010593.28   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                  | Amazon.com, Inc.                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     10425 | NS      | $2137229.25   | 8.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc | Clearwater Analytics Holdings, Inc.              | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27325 | NS      | $631207.50    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                  | MercadoLibre, Inc.                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       465 | NS      | $1191929.85   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                     | Netflix, Inc.                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1035 | NS      | $1249483.05   | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.           | Intuitive Surgical, Inc.                         | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       829 | NS      | $457889.86    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc               | Adobe, Inc.                                      | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10305 | NS      | $534829.50    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp.         | PROCEPT BioRobotics Corporation                  | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19051 | NS      | $1104958.00   | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.           | CACI International, Inc.                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1755 | NS      | $751140.00    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S               | Ascendis Pharma A/S                              | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | US        |      4653 | NS      | $757694.52    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                   | Microsoft Corporation                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4815 | NS      | $2216633.40   | 9.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** Evolutionary Tree Innovators Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer