# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-009664
**Filing Date:** 2026-6
**Character Count:** 22358
**Document Hash:** 63b7182c452f3ce6f2e54385d718852c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009664.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000910472-26-009664

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**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:** 261118698

**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 Salient MLP & Energy Infrastructure Fund (Series ID: S000077491)

| Class ID   | Class Name                                                             | Ticker Symbol   |
|:---|:---|:---|
| C000237961 | Westwood Salient MLP & Energy Infrastructure Fund Institutional Shares | SMLPX           |
| C000237962 | Westwood Salient MLP & Energy Infrastructure Fund Ultra Fund           | SMRPX           |
| C000237963 | Westwood Salient MLP & Energy Infrastructure Fund C Class Shares       | SMFPX           |
| C000237964 | Westwood Salient MLP & Energy Infrastructure Fund A Class Shares       | SMAPX           |

## 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 SALIENT MLP & ENERGY

- **b. EDGAR series identifier (if any):** S000077491

- **c. LEI of Series:** 549300VG7P29O2H2U782

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $1449584687.49

**Total Liabilities:** $7203732.63

**Net Assets:** $1442380954.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237964 | 8.67%                | 1.91%                | 3.01%                |
| Class ID C000237961 | 8.78%                | 1.84%                | 3.03%                |
| Class ID C000237963 | 8.70%                | 1.75%                | 2.95%                |
| Class ID C000237962 | 8.72%                | 1.92%                | 3.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32740786.38             | $74480136.27                               |
| Month 2  | $15755264.27             | $6518827.25                                |
| Month 3  | $6963323.43              | $34095612.88                               |

**Designated Index Information**

- **Index Name:** Alerian Midstream Energy Select Total Return Index (USD)

- **Index Identifier:** AMEIXUSDTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEXTDECADE CORP                   | NextDecade Corporation                                 | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |   1102221 | NS      | $8630390.43   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PEMBINA PIPELINE CORP             | Pembina Pipeline Corporation                           | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |    549663 | NS      | $25570322.76  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                           | MPLX, L.P.                                             | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |   1088685 | NS      | $61260304.95  | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC               | Cheniere Energy, Inc.                                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    250833 | NS      | $68966533.35  | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RESOURCES CORP              | Targa Resources Corporation                            | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    163337 | NS      | $42480686.96  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | EMG Utica Midstream Fund L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |   5655164 | NS      | $8442741.37   | 0.59%             |  |  |  | Yes           |                  3 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Kinder Morgan, Inc. 05/15/2026 33 Call                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -3039 | NS      | $-133716.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MIDSTREAM PARTNERS LP     | Western Midstream Partners, L.P.                       | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1193761 | NS      | $51904728.28  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTIMUS MANAGERS TRUST            | Westwood Salient Enhanced Energy Income ETF            | CUSIP: 90386K571<br>LEI: 549300FU214TAR7BFY91 | Long             | EC               | RF                | US        |    481115 | NS      | $11667038.75  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CLEARWAY ENERGY INC               | Clearway Energy, Inc.                                  | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    199009 | NS      | $8032003.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Genesis Energy, L.P. 05/15/2026 17.5 Call              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -876 | NS      | $-35040.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PLAINS GP HOLDINGS LP             | Plains GP Holdings, L.P. Class A                       | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    596633 | NS      | $14587676.85  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                      | Enbridge, Inc.                                         | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   1717538 | NS      | $95185955.96  | 6.60%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | NextDecade Corporation 05/15/2026 9 Call               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -1102 | NS      | $-16530.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DELEK LOGISTICS PARTNERS LP       | Delek Logistics Partners, L.P.                         | CUSIP: 24664T103<br>LEI: 549300UVYITDIU51P724 | Long             | EC               | CORP              | US        |     82483 | NS      | $4382321.79   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Quanta Services, Inc. 05/15/2026 700 Call              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -25 | NS      | $-77750.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL INC                | VENTURE GLOBAL INC - CL A                              | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |   2624702 | NS      | $34829795.54  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS PARTNERS LP   | Enterprise Products Partners, L.P.                     | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   1819874 | NS      | $70429123.80  | 4.88%             |  |  |  | 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        |   4607951 | PA      | $4607950.59   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                | Energy Transfer, L.P.                                  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   7349200 | NS      | $148380348.00 | 10.29%            |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC                 | Kinder Morgan, Inc.                                    | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   3039529 | NS      | $99909318.23  | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Venture Global, Inc. 06/18/2026 17.5 Call              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -5449 | NS      | $-299695.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH BOW CORP                    | South Bow Corporation                                  | CUSIP: 83671M105<br>LEI: 2549000XS5TAFA3YF943 | Long             | EC               | CORP              | CA        |    847843 | NS      | $29030144.32  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Solaris Energy Infrastructure, Inc. 05/15/2026 85 Call | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -885 | NS      | $-150450.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Vistra Corporation 05/15/2026 200 Call                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -264 | NS      | $-10824.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY ENERGY INC                | Liberty Energy, Inc. Class A                           | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121730 | NS      | $4113256.70   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TC ENERGY CORP                    | TC Energy Corporation                                  | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |   1055691 | NS      | $70657398.63  | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                    | NRG Energy, Inc.                                       | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    179728 | NS      | $27962082.24  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Cheniere Energy, Inc. 05/15/2026 300 Call              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -250 | NS      | $-48500.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GENESIS ENERGY LP                 | Genesis Energy, L.P.                                   | CUSIP: 371927104<br>LEI: 549300VJ5D6MDK138782 | Long             | EC               | CORP              | US        |    876198 | NS      | $15237083.22  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES INC               | Quanta Services, Inc.                                  | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      5050 | NS      | $3675238.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTIMUS MANAGERS TRUST            | Westwood Salient Enhanced Midstream Income ETF         | CUSIP: 90386K589<br>LEI: 549300FU214TAR7BFY91 | Long             | EC               | RF                | US        |   1565169 | NS      | $45906406.77  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Venture Global, Inc. 05/15/2026 17.5 Call              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -2624 | NS      | $-47232.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SHOALS TECHNOLOGIES GROUP INC     | Shoals Technologies Group, Inc.                        | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    631343 | NS      | $5012863.42   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLARIS ENERGY INFRASTRUCTURE INC | Solaris Energy Infrastructure, Inc.                    | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    354192 | NS      | $26153537.28  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | NextDecade Corporation 06/18/2026 9 Call               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -2204 | NS      | $-88160.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COMPANIES INC (THE)      | Williams Companies, Inc. (The)                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1542815 | NS      | $117732212.65 | 8.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GIBSON ENERGY INC                 | Gibson Energy, Inc.                                    | CUSIP: 374825206<br>LEI: 549300WYW5D9I3FR0643 | Long             | EC               | CORP              | CA        |    182386 | NS      | $3994451.85   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WATERBRIDGE INFRASTRUCTURE LLC    | WaterBridge Infrastructure, LLC                        | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    544168 | NS      | $16401223.52  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Clearway Energy, Inc. 05/15/2026 45 Call               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -34 | NS      | $-510.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                       | Vistra Corporation                                     | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     52794 | NS      | $8333004.96   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Venture Global, Inc. 06/18/2026 20 Call                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -6561 | NS      | $-216513.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                    | Eaton Corp plc                                         | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     10580 | NS      | $4581245.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| KINETIK HOLDINGS INC              | Kinetik Holdings, Inc.                                 | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    363879 | NS      | $18390444.66  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                         | ONEOK, Inc.                                            | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    352792 | NS      | $32619148.32  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DT MIDSTREAM INC                  | DT Midstream, Inc.                                     | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    748237 | NS      | $110731593.63 | 7.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM CORP             | Antero Midstream Corporation                           | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1591802 | NS      | $34796791.72  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYERA CORP                       | Keyera Corporation                                     | CUSIP: 493271100<br>LEI: 254900LXI62FUHZGH122 | Long             | EC               | CORP              | CA        |   1664430 | NS      | $64304013.90  | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS MIDSTREAM LP                 | Hess Midstream, L.P. Class A                           | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    685841 | NS      | $26816383.10  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | EMG Utica I Offshore Co-Invesment L.P.                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | CORP              | US        |  11947424 | NS      | $5361119.78   | 0.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SELECT WATER SOLUTIONS INC        | Select Water Solutions, Inc.                           | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    662459 | NS      | $11082939.07  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Venture Global, Inc. 05/15/2026 15 Call                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |     -5249 | NS      | $-272948.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION  | Solaris Energy Infrastructure, Inc. 06/18/2026 90 Call | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -885 | NS      | $-362850.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Westwood Salient MLP & Energy Infrastructure Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer