# EDGAR Filing Document

**Accession Number:** 0001830974
**File Stem:** 0001193125-26-247766
**Filing Date:** 2026-5
**Character Count:** 13036
**Document Hash:** 1f5c0974baefbf9f6593c62ce41137d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-247766.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001193125-26-247766

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aspiriant Capital Appreciation Fund
- **CENTRAL INDEX KEY:** 0001830974

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23619
- **FILM NUMBER:** 261042761

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53201
- **BUSINESS PHONE:** 414-299-2200

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aspiriant Risk-Managed Capital Appreciation Fund
- **DATE OF NAME CHANGE:** 20250723

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASPIRIANT CAPITAL APPRECIATION FUND
- **DATE OF NAME CHANGE:** 20250718

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASPIRIANT RISK-MANAGED CAPITAL APPRECIATION FUND
- **DATE OF NAME CHANGE:** 20201103

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aspiriant Capital Appreciation Fund

- **b. Investment Company Act file number:** 811-23619

- **c. CIK number of Registrant:** 0001830974

- **d. LEI of Registrant:** 254900BEES5GJ4776782

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

  - **Street Address 1:** 235 West Galena Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 4142992270

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

- **a. Name of Series:** Aspiriant Capital Appreciation Fund

- **c. LEI of Series:** 254900BEES5GJ4776782

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $150237155.83

**Total Liabilities:** $6794260.57

**Net Assets:** $143442895.26

**Cash Not Reported:** $3489112.73

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.00%                | 0.00%                | -2.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $147155.81               | $-4496285.76                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| RA Capital Nexus Fund, L.P.                    | RA Capital Nexus Fund III, L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   3309132 | OU      | $3309131.73   | 2.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Revolution Ventures, LP                        | Revolution Ventures II, LP                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   2337688 | OU      | $2337687.69   | 1.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Stripes, LP                                    | Stripes V, LP                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  14573197 | OU      | $14573197.00  | 10.16%            |  |  |  | Yes           | N/A                | On Loan: No      |
| The Children's Investment Fund, L.P.           | The Children's Investment Fund, L.P.           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  11243198 | OU      | $11243198.16  | 7.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Accolade Partners, L.P.                        | Accolade Partners VII-C, L.P.                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   1889282 | OU      | $1889282.08   | 1.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| American Funds New Perspective Fund            | American Funds New Perspective Fund F-3        | CUSIP: 648018778<br>LEI: MVJJ5XRND2TZ5KBTXC77 | Long             |  | RF                | US        |    158134 | NS      | $10583876.29  | 7.38%             |  |  |  | No            | 1                  | On Loan: No      |
| AQR Delphi Long-Short Equity Fund, L.P.        | AQR Delphi Long-Short Equity Fund, L.P.        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  11375433 | OU      | $11375433.00  | 7.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Black River Capital Partners Fund LP           | Black River Capital Partners Fund (Food) LP    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   1057565 | OU      | $1057564.91   | 0.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Blackstone Life Sciences L.P.                  | Blackstone Life Sciences V L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   6230707 | OU      | $6230707.13   | 4.34%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Coatue Qualified Partners, LP                  | Coatue Qualified Partners, LP                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   9737964 | OU      | $9737963.61   | 6.79%             |  |  |  | Yes           | N/A                | On Loan: No      |
| DFA Global Equity Portfolio                    | DFA Global Equity Portfolio I                  | CUSIP: 25434D674<br>LEI: N/A                  | Long             |  | RF                | US        |    303269 | NS      | $11960938.67  | 8.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Gavea Investment Fund L.P.                     | Gavea Investment Fund IV-A L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | BR        |    232678 | OU      | $232678.00    | 0.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GMO Quality                                    | GMO Quality VI                                 | CUSIP: 362008229<br>LEI: 549300AFPJUDV7V43T32 | Long             |  | RF                | US        |    376860 | NS      | $12266785.00  | 8.55%             |  |  |  | No            | 1                  | On Loan: No      |
| GMO Quality                                    | GMO Quality VI                                 | CUSIP: 362008229<br>LEI: 549300AFPJUDV7V43T32 | Long             |  | RF                | US        |     55690 | NS      | $1812717.00   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Goldman Sachs Vintage Fund                     | Goldman Sachs Vintage Fund V                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |      5418 | OU      | $5418.00      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund | CUSIP: 38141W265<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             |  | US        |   1707903 | PA      | $1707903.49   | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| H.I.G. Small-Cap & Growth Buyout Fund, L.P.    | H.I.G. Small-Cap & Growth Buyout Fund IV, L.P. | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    250000 | OU      | $250000.00    | 0.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Industry Ventures Secondary, L.P.              | Industry Ventures Secondary X, L.P.            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   1969584 | OU      | $1969584.17   | 1.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| iShares MSCI ACWI ETF                          | iShares MSCI ACWI ETF                          | CUSIP: 464288257<br>LEI: 549300KZ2WFTI4GQ7M77 | Long             |  | RF                | US        |      8180 | NS      | $1131866.60   | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI ACWI ETF                          | iShares MSCI ACWI ETF                          | CUSIP: 464288257<br>LEI: 549300KZ2WFTI4GQ7M77 | Long             |  | RF                | US        |     22669 | NS      | $3136709.53   | 2.19%             |  |  |  | No            | 1                  | On Loan: No      |
| J. Goldman, L.P.                               | J. Goldman, L.P.                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   1038400 | OU      | $1038400.20   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| KEPE Selling Fund, L.P.                        | KEPE Selling Fund II, L.P.                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |     90423 | OU      | $90423.00     | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| New Mountain Partners, L.P.                    | New Mountain Partners III, L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |    195066 | OU      | $195066.00    | 0.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| New Mountain Partners, L.P.                    | New Mountain Partners VII, L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   4264684 | OU      | $4264683.82   | 2.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Oaktree Opportunities Fund, L.P.               | Oaktree Opportunities Fund X, L.P.             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   1096059 | OU      | $1096059.00   | 0.76%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Oaktree Opportunities Fund, L.P.               | Oaktree Opportunities Fund Xb, L.P.            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   8430141 | OU      | $8430141.00   | 5.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| RA Capital Healthcare Fund, L.P.               | RA Capital Healthcare Fund, L.P.               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  15827707 | OU      | $15827706.72  | 11.03%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Viking Global Opportunities LP                 | Viking Global Opportunities LP                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   8771199 | OU      | $8771199.00   | 6.11%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Aspiriant Capital Appreciation Fund

**Signature:** /s/ Ben Schmidt

**Name of Signer:** Ben Schmidt

**Title:** President