# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-001463
**Filing Date:** 2025-9
**Character Count:** 15835
**Document Hash:** e2acdc9a29854292b64cabe8a8a99206
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001463.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0000910472-25-001463

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 251347233

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Anfield U.S. Equity Sector Rotation ETF (Series ID: S000067047)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000215718 | Anfield U.S. Equity Sector Rotation ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ANFIELD U.S. EQUITY SECTOR ROTATION ETF** | **ANFIELD U.S. EQUITY SECTOR ROTATION ETF** | **ANFIELD U.S. EQUITY SECTOR ROTATION ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 14.9%** |  |
|  | **APPAREL & TEXTILE PRODUCTS - 2.2%** |  |
| 5031 | Ralph Lauren Corporation | &nbsp;&nbsp;&nbsp; $1503011 |
| 16158 | Tapestry, Inc. | &nbsp;&nbsp;&nbsp; 1745549 |
|  |  | &nbsp;&nbsp; 3248560 |
|  | **E-COMMERCE DISCRETIONARY - 1.0%** |  |
| 6438 | Amazon.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1507200 |
|  | **ENTERTAINMENT CONTENT - 0.9%** |  |
| 25735 | Fox Corporation, Class B | &nbsp;&nbsp;&nbsp; 1316088 |
|  | **INTERNET MEDIA & SERVICES - 2.1%** |  |
| 2058 | Meta Platforms, Inc., Class A | &nbsp;&nbsp;&nbsp; 1591740 |
| 1405 | Netflix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1628957 |
|  |  | &nbsp;&nbsp; 3220697 |
|  | **LEISURE FACILITIES & SERVICES - 3.1%** |  |
| 5242 | Hilton Worldwide Holdings, Inc. | &nbsp;&nbsp;&nbsp; 1405275 |
| 9729 | Live Nation Entertainment, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1436973 |
| 5656 | Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 1797873 |
|  |  | &nbsp;&nbsp; 4640121 |
|  | **RETAIL - CONSUMER STAPLES - 2.8%** |  |
| 1332 | Costco Wholesale Corporation | &nbsp;&nbsp;&nbsp; 1251600 |
| 21500 | Kroger Company (The) | &nbsp;&nbsp;&nbsp; 1507150 |
| 14152 | Walmart, Inc. | &nbsp;&nbsp;&nbsp; 1386613 |
|  |  | &nbsp;&nbsp; 4145363 |
|  | **RETAIL - DISCRETIONARY - 1.0%** |  |
| 15375 | O'Reilly Automotive, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1511670 |
|  | **TELECOMMUNICATIONS - 1.8%** |  |
| 51364 | AT&T, Inc. | &nbsp;&nbsp;&nbsp; 1407887 |
| 5228 | T-Mobile US, Inc. | &nbsp;&nbsp;&nbsp; 1246408 |
|  |  | &nbsp;&nbsp; 2654295 |
|  | **TOTAL COMMON STOCKS (Cost $19,383,171)** | &nbsp;&nbsp; 22243994 |

---

---

| | | |
|:---|:---|:---|
| **ANFIELD U.S. EQUITY SECTOR ROTATION ETF** | **ANFIELD U.S. EQUITY SECTOR ROTATION ETF** | **ANFIELD U.S. EQUITY SECTOR ROTATION ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **July 31, 2025** | **July 31, 2025** | **July 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **EXCHANGE-TRADED FUNDS — 85.1%** |  |
|  | **EQUITY - 85.1%** |  |
| 91626 | ARK Next Generation Internet ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $14474159 |
| 306560 | Communication Services Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 32927610 |
| 25149 | Consumer Discretionary Select Sector SPDR Fund | &nbsp;&nbsp;&nbsp; 5568743 |
| 59495 | Invesco KBW Bank ETF | &nbsp;&nbsp;&nbsp; 4374072 |
| 138766 | iShares Expanded Tech-Software Sector ETF<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 15494612 |
| 49789 | iShares U.S. Consumer Discretionary ETF | &nbsp;&nbsp;&nbsp; 4977904 |
| 123991 | iShares U.S. Financial Services ETF | &nbsp;&nbsp;&nbsp; 10792177 |
| 34509 | SPDR S&P 500 ETF Trust ETF | &nbsp;&nbsp;&nbsp; 21812449 |
| 17164 | Vanguard Communication Services ETF | &nbsp;&nbsp;&nbsp; 3002155 |
| 20024 | Vanguard Consumer Discretionary ETF | &nbsp;&nbsp;&nbsp; 7400070 |
| 27686 | Vanguard Consumer Staples ETF | &nbsp;&nbsp;&nbsp; 5983498 |
|  |  | &nbsp;&nbsp; 126807449 |
|  | **TOTAL EXCHANGE-TRADED FUNDS (Cost $108,130,482)** | &nbsp;&nbsp; 126807449 |
|  | **TOTAL INVESTMENTS - 100.0% (Cost $127,513,653)** | &nbsp;&nbsp;&nbsp; $149051443 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.0%<sup>(b)</sup>** | &nbsp;&nbsp; 22928 |
|  | **NET ASSETS - 100.0%** | &nbsp;&nbsp; $149074371 |

---

---

| | |
|:---|:---|
| ETF | - Exchange-Traded Fund |
| LTD | - Limited Company |
| SPDR | - Standard & Poor's Depositary Receipt |

---

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Two Roads Shared Trust

- **b. Investment Company Act file number:** 811-22718

- **c. CIK number of Registrant:** 0001552947

- **d. LEI of Registrant:** 549300REHU8QC2CK4V30

- **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:** 402-895-1600

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

- **a. Name of Series:** Anfield US Equity Sector Rotation ETF

- **b. EDGAR series identifier (if any):** S000067047

- **c. LEI of Series:** 549300NDF0K5C4SFNU15

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $149215438.86

**Total Liabilities:** $141068.01

**Net Assets:** $149074370.85

**Cash Not Reported:** $149742.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215718 | 7.31%                | 6.54%                | 1.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $9456112.77                                |
| Month 2  | $201210.92               | $8700604.70                                |
| Month 3  | $326952.40               | $1904434.48                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Costco Wholesale Corporation          | COSTCO WHOLESALE          | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1332 | NS      | $1251600.48   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                              | AT&T INC                  | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     51364 | NS      | $1407887.24   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.       | LIVE NATION ENTE          | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      9729 | NS      | $1436973.30   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                   | VANGUARD COMMUNI          | CUSIP: 92204A884<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |     17164 | NS      | $3002155.24   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES U.S. FINANCIAL SE | CUSIP: 464287770<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    123991 | NS      | $10792176.64  | 7.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                   | VANGUARD CN ST E          | CUSIP: 92204A207<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |     27686 | NS      | $5983498.32   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc         | HILTON WORLDWIDE          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      5242 | NS      | $1405275.36   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                       | T-MOBILE US INC           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5228 | NS      | $1246407.48   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | WALMART INC               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     14152 | NS      | $1386612.96   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                       | FOX CORP - B              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     25735 | NS      | $1316087.90   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | META PLATFORMS-A          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2058 | NS      | $1591739.52   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | AMAZON.COM INC            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      6438 | NS      | $1507200.18   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                    | RALPH LAUREN COR          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      5031 | NS      | $1503011.25   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-CONS DISCRE          | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     25149 | NS      | $5568743.07   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                        | KROGER CO                 | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     21500 | NS      | $1507150.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES US CONSU          | CUSIP: 464287580<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     49789 | NS      | $4977904.22   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES EXPANDED          | CUSIP: 464287515<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    138766 | NS      | $15494611.56  | 10.39%            |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.              | O'REILLY AUTOMOT          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     15375 | NS      | $1511670.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                          | TAPESTRY INC              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     16158 | NS      | $1745548.74   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust                | SPDR S&P 500 ETF          | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |     34509 | NS      | $21812448.72  | 14.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-COMM SERV            | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    306560 | NS      | $32927609.60  | 22.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                   | VANGUARD CN DI E          | CUSIP: 92204A108<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |     20024 | NS      | $7400069.44   | 4.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                         | NETFLIX INC               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1405 | NS      | $1628957.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II | INVESCO KBW BANK ETF      | CUSIP: 46138E628<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     59495 | NS      | $4374072.40   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Group                 | ROYAL CARIBBEAN           | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      5656 | NS      | $1797872.72   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ARK ETF Trust                         | ARK NEXT GENERAT          | CUSIP: 00214Q401<br>LEI: 2549000Z0EWMH3U0CQ16 | Long             | EC               | RF                | US        |     91626 | NS      | $14474159.22  | 9.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** Two Roads Shared Trust

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer