# EDGAR Filing Document

**Accession Number:** 0000315774
**File Stem:** 0001752724-23-050135
**Filing Date:** 2023-3
**Character Count:** 48294
**Document Hash:** b0a2be936ba15c095aada03a1fffc9c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050135.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050135

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20220930

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORUM FUNDS
- **CENTRAL INDEX KEY:** 0000315774
- **IRS NUMBER:** 010516963
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03023
- **FILM NUMBER:** 23693258

**BUSINESS ADDRESS:**
- **STREET 1:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101
- **BUSINESS PHONE:** 2073472000

**MAIL ADDRESS:**
- **STREET 1:** FORUM FUNDS
- **STREET 2:** THREE CANAL PLAZA
- **CITY:** PORTLAND
- **STATE:** ME
- **ZIP:** 04101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORUM FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FAHNESTOCK DAILY INCOME FUND INC
- **DATE OF NAME CHANGE:** 19870617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAILY INCOME EXTENSION FUND INC
- **DATE OF NAME CHANGE:** 19810607

## Series and Classes Contracts Data

### Absolute Capital Opportunities Fund (Series ID: S000050284)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000158767 | Institutional Shares | CAPOX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FORUM FUNDS

- **b. Investment Company Act file number:** 811-03023

- **c. CIK number of Registrant:** 0000315774

- **d. LEI of Registrant:** 549300LXYEU14CHGAO13

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

  - **Street Address 1:** THREE CANAL PLAZA, SUITE 600

  - **City:** PORTLAND

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 207-347-2000

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

- **a. Name of Series:** ABSOLUTE CAPITAL OPPORTUNITIES FUND

- **b. EDGAR series identifier (if any):** S000050284

- **c. LEI of Series:** 254900V1F0SK0ITURS31

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-09-30

**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:** $149782427.94

**Total Liabilities:** $4587439.85

**Net Assets:** $145194988.09

**Cash Not Reported:** $6157771.43

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158767 | -0.90%               | 0.00%                | 0.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18099.82               | $7164390.63                                |
| Month 2  | $986217.99               | $-3365191.37                               |
| Month 3  | $0.00                    | $-9135062.98                               |

**Designated Index Information**

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

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Jacobs Solutions Inc                                                  | Jacobs Solutions, Inc.                                                | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17812 | NS      | $1932423.88   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                                            | Charter Communications, Inc.                                          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      3321 | NS      | $1007425.35   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                   | PayPal Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -20 | NC      | $-70800.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                             | Apple, Inc.                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -65 | NC      | $-44525.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                                             | The Scotts Miracle-Gro Co.                                            | CUSIP: 3S0991US2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -39 | NC      | $-109980.00   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Penn National Gaming Inc                                              | Penn Entertainment, Inc.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -17 | NC      | $-30005.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                                           | GoDaddy, Inc.                                                         | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     15215 | NS      | $1078439.20   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                   | PayPal Holdings, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -9 | NC      | $-39577.50    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                                               | Becton Dickinson and Co.                                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      9824 | NS      | $2189081.92   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Semler Scientific Inc                                                 | Semler Scientific, Inc.                                               | CUSIP: 81684M104<br>LEI: 549300ZHL16S29QTW485 | Long             | EC               | CORP              | US        |      2892 | NS      | $108594.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                                            | Intel Corp.                                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -74 | NC      | $-106560.00   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                                    | The Walt Disney Co.                                                   | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     24168 | NS      | $2279767.44   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fisker Inc                                                            | Fisker, Inc.                                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -39 | NC      | $-40170.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                             | Apple, Inc.                                                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     29307 | NS      | $4050227.40   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                                     | EOG Resources, Inc.                                                   | CUSIP: 1NT99R5S5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -70 | NC      | $-47950.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                                            | PACCAR, Inc.                                                          | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     20650 | NS      | $1728198.50   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                                                              | Coty, Inc.                                                            | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |     25740 | NS      | $162676.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                            | Hasbro, Inc.                                                          | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     16109 | NS      | $1086068.78   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                                     | EOG Resources, Inc.                                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     14240 | NS      | $1591035.20   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                                        | Merck & Co., Inc.                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -116 | NC      | $-30914.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     -2993 | NC      | $-565677.00   | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                                         | Intercontinental Exchange, Inc.                                       | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     21700 | NS      | $1960595.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                                       | Philip Morris International, Inc.                                     | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     15595 | NS      | $1294540.95   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                                           | The Gap, Inc.                                                         | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     11800 | NS      | $96878.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                                            | CarMax, Inc.                                                          | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30156 | NS      | $1990899.12   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard inc                                               | Activision Blizzard, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -52 | NC      | $-27040.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      4489 | NC      | $31423.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc                                                 | Gildan Activewear, Inc.                                               | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |     46415 | NS      | $1312152.05   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                                               | Activision Blizzard, Inc.                                             | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |      8100 | NS      | $602154.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fisker Inc                                                            | Fisker, Inc.                                                          | CUSIP: 33813J106<br>LEI: 549300UUN5RWU44MBX79 | Long             | EC               | CORP              | US        |      6710 | NS      | $50660.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                                           | Wayfair, Inc.                                                         | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |       900 | NS      | $29295.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                       | CVS Health Corp.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -90 | NC      | $-34200.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      2993 | NC      | $4984841.50   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc                                               | Peloton Interactive, Inc.                                             | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |      3500 | NS      | $24255.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     -1496 | NC      | $-29920.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ViacomCBS Inc                                                         | Paramount Global                                                      | CUSIP: 90B992XY7<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -161 | NC      | $-133147.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                                             | United Parcel Service, Inc.                                           | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      5265 | NS      | $850508.10    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                        | Salesforce, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -22 | NC      | $-123915.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                   | PayPal Holdings, Inc.                                                 | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       900 | NS      | $77463.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     17755 | NS      | $1091044.75   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                                | Motorola Solutions, Inc.                                              | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     11171 | NS      | $2501968.87   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                                          | Autodesk, Inc.                                                        | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      9371 | NS      | $1750502.80   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                             | MGM Resorts International                                             | CUSIP: 70P999YD4<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -123 | NC      | $-129765.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                  | Bank of America Corp.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -135 | NC      | $-114075.00   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obligations Fund                              | First American Treasury Obligations Fund                              | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  41439812 | NS      | $41439811.50  | 28.54%            |  |  |  | No            |                  2 | On Loan: No      |
| Warner Bros Discovery Inc                                             | Warner Bros Discovery, Inc.                                           | CUSIP: 02399U108<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -127 | NC      | $-142240.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                                             | Keysight Technologies, Inc.                                           | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      5623 | NS      | $884835.28    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc                                          | Walgreens Boots Alliance, Inc.                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       161 | NC      | $1610.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       227 | NC      | $37228.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                        | Salesforce, Inc.                                                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     17032 | NS      | $2449882.88   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                                     | General Motors Co.                                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     91361 | NS      | $2931774.49   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: 14399A511<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -70 | NC      | $-95200.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                   | JPMorgan Chase & Co.                                                  | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     24026 | NS      | $2510717.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                           | Netflix, Inc.                                                         | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       565 | NS      | $133023.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -163 | NC      | $-16626.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                                        | Amazon.com, Inc.                                                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     22840 | NS      | $2580920.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                                                    | Ally Financial, Inc.                                                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      4455 | NS      | $123982.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                                         | Citigroup, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -150 | NC      | $-279000.00   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                                 | Spotify Technology SA                                                 | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      5500 | NS      | $474650.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                                                      | Zillow Group, Inc.                                                    | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |      4400 | NS      | $125884.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                        | Morgan Stanley                                                        | CUSIP: 2W0996YB6<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |        60 | NC      | $122460.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                               | The Charles Schwab Corp.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -141 | NC      | $-105186.00   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                        | Morgan Stanley                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -41 | NC      | $-70725.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                                             | Alibaba Group Holding, Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        19 | NC      | $4864.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: 1XJ9912J4<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -999 | NC      | $-929070.00   | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                             | Occidental Petroleum Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       163 | NC      | $98289.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                              | Visa, Inc.                                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     12101 | NS      | $2149742.65   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                                                       | Dollar Tree, Inc.                                                     | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     14340 | NS      | $1951674.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Co                                          | Pioneer Natural Resources Co.                                         | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      3700 | NS      | $801161.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -39 | NC      | $-28470.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                                       | Philip Morris International, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -34 | NC      | $-45560.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                                                   | Quanta Services, Inc.                                                 | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      9942 | NS      | $1266511.38   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                                  | Las Vegas Sands Corp.                                                 | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     44860 | NS      | $1683147.20   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                                   | American Express Co.                                                  | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      6490 | NS      | $875565.90    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                                        | Blackstone, Inc.                                                      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     13541 | NS      | $1133381.70   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                                | Berkshire Hathaway, Inc.                                              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     18299 | NS      | $4886198.98   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Activision Blizzard Inc                                               | Activision Blizzard, Inc.                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -52 | NC      | $-4212.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                                             | Alibaba Group Holding, Ltd.                                           | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      2200 | NS      | $175978.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                                                    | AerCap Holdings NV                                                    | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |      4675 | NS      | $197892.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                           | Netflix, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -12 | NC      | $-53430.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Comcast corp                                                          | Comcast Corp.                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -53 | NC      | $-149990.00   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Sir                                        | Liberty Media Corp.-Liberty SiriusXM                                  | CUSIP: 531229409<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8901 | NS      | $338861.07    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                            | Carvana Co.                                                           | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |      2800 | NS      | $56840.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management Fund, Instiutional Shares | Dreyfus Treasury Securities Cash Management Fund, Instiutional Shares | CUSIP: 261941702<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  12011791 | NS      | $12011790.66  | 8.27%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      3992 | NC      | $11976.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                                               | KB Home                                                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      5140 | NS      | $133228.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                                        | Rocket Cos., Inc.                                                     | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5205 | NS      | $32895.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                | SPDR S&P 500 ETF Trust                                                | CUSIP: 1XJ9911K2<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      2993 | NC      | $7038039.50   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                                             | Alibaba Group Holding, Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NC      | $-24315.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                                           | Wayfair, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -1 | NC      | $-11740.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                                             | Warner Bros Discovery, Inc.                                           | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     29515 | NS      | $339422.50    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                                          | Comcast Corp.                                                         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      2500 | NS      | $73325.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                               | The Charles Schwab Corp.                                              | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     33270 | NS      | $2391114.90   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                               | Bristol-Myers Squibb Co.                                              | CUSIP: 00E995RR8<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -70 | NC      | $-13475.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                          | Alphabet, Inc.                                                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     12900 | NS      | $1240335.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                                                       | Foot Locker, Inc.                                                     | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |      7056 | NS      | $219653.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                          | Alphabet, Inc.                                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     17200 | NS      | $1645180.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                                                  | Hayward Holdings, Inc.                                                | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45480 | NS      | $403407.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                                   | Arista Networks, Inc.                                                 | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     14613 | NS      | $1649661.57   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Spark Networks SE                                                     | Spark Networks SE                                                     | CUSIP: 846517100<br>LEI: 87550088VVTQR14UT152 | Long             | EC               | CORP              | DE        |      3901 | NS      | $7450.91      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                             | MGM Resorts International                                             | CUSIP: 70P999QB7<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -124 | NC      | $-79732.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                                                            | Splunk, Inc.                                                          | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |     11490 | NS      | $864048.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                             | Adobe, Inc.                                                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1900 | NS      | $522880.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                    | Meta Platforms, Inc.                                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     18781 | NS      | $2548206.08   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                                     | Expedia Group, Inc.                                                   | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7555 | NS      | $707827.95    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                                    | Analog Devices, Inc.                                                  | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     18135 | NS      | $2526930.90   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                                        | SS&C Technologies Holdings, Inc.                                      | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     16471 | NS      | $786490.25    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resrouces Co                                          | Pioneer Natural Resources Co.                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -23 | NC      | $-33465.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                                       | Philip Morris International, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -60 | NC      | $-26400.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                             | MGM Resorts International                                             | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      7300 | NS      | $216956.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                  | Bank of America Corp.                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -124 | NC      | $-125860.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                               | Aon PLC                                                               | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      5600 | NS      | $1500072.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Weber Inc                                                             | Weber, Inc.                                                           | CUSIP: 0819971T5<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      -189 | NC      | $-40068.00    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                                        | Lowe's Cos., Inc.                                                     | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      6421 | NS      | $1205928.01   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** Forum Funds

**Signature:** /s/ Karen Shaw

**Name of Signer:** Karen Shaw

**Title:** Treasurer