# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0000940400-26-020561
**Filing Date:** 2026-5
**Character Count:** 20134
**Document Hash:** 414c79b358eb3c130d414f50df45cbab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020561.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0000940400-26-020561

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AdvisorShares Trust
- **CENTRAL INDEX KEY:** 0001408970

**ORGANIZATION NAME:**
- **EIN:** 260636087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22110
- **FILM NUMBER:** 261007806

**BUSINESS ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** (877) 843-3831

**MAIL ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

## Series and Classes Contracts Data

### AdvisorShares Gerber Kawasaki ETF (Series ID: S000072084)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000227805 | AdvisorShares Gerber Kawasaki ETF | GK              |

## Nport-Ex

**ADVISORSHARES GERBER KAWASAKI ETF**

**Schedule of Investments**

March 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS – 92.9%** |  |  |
| **Aerospace/Defense – 3.1%** |  |  |
| Kratos Defense & Security Solutions, Inc.<sup>(a)</sup> | 11208 | $790276 |
| **Banks – 2.3%** |  |  |
| JPMorgan Chase & Co. | 2036 | 598910 |
| **Building Materials – 4.7%** |  |  |
| Trane Technologies PLC | 2917 | 1215631 |
| **Commercial Services – 4.1%** |  |  |
| Quanta Services, Inc. | 1926 | 1057412 |
| **Computers – 6.5%** |  |  |
| Apple, Inc. | 4123 | 1046376 |
| Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 916 | 357615 |
| International Business Machines Corp. | 1020 | 247238 |
| Total Computers |  | 1651229 |
| **Diversified Financial Services – 2.4%** |  |  |
| LPL Financial Holdings, Inc. | 2036 | 612490 |
| **Electronics – 2.5%** |  |  |
| Amphenol Corp., Class A | 5096 | 643880 |
| **Engineering & Construction – 0.9%** |  |  |
| Sterling Infrastructure, Inc.<sup>(a)(b)</sup> | 562 | 228886 |
| **Entertainment – 3.5%** |  |  |
| TKO Group Holdings, Inc. | 4380 | 883227 |
| **Healthcare - Products – 0.7%** |  |  |
| Stryker Corp. | 508 | 166924 |
| **Healthcare - Services – 0.5%** |  |  |
| Quest Diagnostics, Inc. | 712 | 139538 |
| **Internet – 18.0%** |  |  |
| Alphabet, Inc., Class C | 7378 | 2116453 |
| Amazon.com, Inc.<sup>(a)</sup> | 3651 | 760394 |
| Meta Platforms, Inc., Class A | 990 | 566409 |
| Netflix, Inc.<sup>(a)</sup> | 12224 | 1175337 |
| Total Internet |  | 4618593 |
| **Machinery - Construction & Mining – 6.4%** |  |  |
| Bloom Energy Corp., Class A<sup>(a)</sup> | 612 | 82920 |
| GE Vernova, Inc. | 1772 | 1546779 |
| Total Machinery - Construction & Mining |  | 1629699 |
| **Media – 0.2%** |  |  |
| Walt Disney Co. (The) | 512 | 49346 |
| **Miscellaneous Manufacturing – 1.4%** |  |  |
| Axon Enterprise, Inc.<sup>(a)</sup> | 816 | 346547 |
| **Pharmaceuticals – 7.1%** |  |  |
| Eli Lilly & Co. | 1986 | 1826663 |
| **Retail – 4.4%** |  |  |
| FirstCash Holdings, Inc. | 1274 | 239512 |
| Walmart, Inc. | 7132 | 886365 |
| Total Retail |  | 1125877 |
| **Semiconductors – 18.8%** |  |  |
| Broadcom, Inc. | 5503 | 1703234 |
| Micron Technology, Inc. | 2931 | 990209 |
| NVIDIA Corp. | 12193 | 2126459 |
| Total Semiconductors |  | 4819902 |
| **Software – 5.4%** |  |  |
| Genius Sports Ltd. (United Kingdom)<sup>(a)</sup> | 73737 | 326655 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value** |
| **COMMON STOCKS (continued)** |  |  |
| **Software (continued)** |  |  |
| Microsoft Corp. | 2820 | $1043879 |
| Total Software |  | 1370534 |
| **Total Common Stocks<br> (Cost $17,338,718)** |  | 23775564 |
| **EXCHANGE TRADED FUND – 2.5%** |  |  |
| **Commodity Fund – 2.5%** |  |  |
| iShares Gold Trust<sup>(a)</sup><br> (Cost $400,603) | 7136 | 629109 |
| **MONEY MARKET FUND – 4.7%** |  |  |
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 3.56%<sup>(c)</sup><br> (Cost $1,211,187) | 1211187 | 1211187 |
| Total Investments – 100.1% <br> (Cost $18,950,508) |  | 25615860 |
| Liabilities in Excess of Other Assets – (0.1%) |  | (19656) |
| **Net Assets – 100.0%** |  | $**25596204** |

---

PLC - Public Limited Company

(a) Non-income producing security.

(b) All
 or a portion of security is on loan. The aggregate market value of the securities on loan is $200,377; the aggregate market value of
 the collateral held by the fund is $192,775. The aggregate market value of the collateral includes non-cash U.S. Treasury securities
 collateral having a value of $192,775.

(c) Rate shown reflects the 7-day yield as of March 31, 2026.

**ADVISORSHARES GERBER KAWASAKI ETF**

**Schedule of Investments (continued)**

March 31, 2026 (Unaudited)

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

**Fair Value Measurements**

The following is a summary of the inputs used, as of March 31, 2026, in valuing the Fund's assets and liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Assets** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks | $23775564 | $– | $– | $23775564 |
| Exchange Traded Fund | 629109 |  |  | 629109 |
| Money Market Fund | 1211187 | – | – | 1211187 |
| Total | $25615860 | $– | $– | $25615860 |

---

**SUMMARY OF SCHEDULE OF INVESTMENTS**

---

| | |
|:---|:---|
|  | **% of**<br>**Net Assets** |
| Aerospace/Defense | 3.1% |
| Banks | 2.3 |
| Building Materials | 4.7 |
| Commercial Services | 4.1 |
| Commodity Fund | 2.5 |
| Computers | 6.5 |
| Diversified Financial Services | 2.4 |
| Electronics | 2.5 |
| Engineering & Construction | 0.9 |
| Entertainment | 3.5 |
| Healthcare - Products | 0.7 |
| Healthcare - Services | 0.5 |
| Internet | 18.0 |
| Machinery - Construction & Mining | 6.4 |
| Media | 0.2 |
| Miscellaneous Manufacturing | 1.4 |
| Pharmaceuticals | 7.1 |
| Retail | 4.4 |
| Semiconductors | 18.8 |
| Software | 5.4 |
| Money Market Fund | 4.7 |
| Total Investments | 100.1 |
| Liabilities in Excess of Other Assets | (0.1) |
| Net Assets | 100.0% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AdvisorShares Trust

- **b. Investment Company Act file number:** 811-22110

- **c. CIK number of Registrant:** 0001408970

- **d. LEI of Registrant:** 549300K5KGUMX2I7WM68

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

  - **Street Address 1:** 4800 Montgomery Lane

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 877-843-3831

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

- **a. Name of Series:** AdvisorShares Gerber Kawasaki ETF

- **b. EDGAR series identifier (if any):** S000072084

- **c. LEI of Series:** 54930039NN1Q9HOW3F65

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

- **a. Date of fiscal year-end:** 2026-06-30

- **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:** $25648972.79

**Total Liabilities:** $52768.88

**Net Assets:** $25596203.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227805 | 1.31%                | -2.17%               | -7.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $162822.65               | $201459.05                                 |
| Month 2  | $28821.75                | $-639655.61                                |
| Month 3  | $94220.74                | $-1996520.52                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ishares Gold Trust                        | Ishares Gold Trust ISHARES NEW                    | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |      7136 | NS      | $629109.76    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                           | GE Vernova Inc. COM                               | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1772 | NS      | $1546778.80   | 6.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc               | Sterling Infrastructure Inc COM                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       562 | NS      | $228885.74    | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Walt Disney Company                       | Walt Disney Company COM                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       512 | NS      | $49346.56     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                    | Trane Technologies PLC COM USD1                   | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      2917 | NS      | $1215630.58   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                | Apple Inc. COM                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4123 | NS      | $1046376.17   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                           | Eli Lilly & Co. COM                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      1986 | NS      | $1826663.22   | 7.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                              | NVIDIA Corp. COM                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     12193 | NS      | $2126459.20   | 8.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                             | Netflix, Inc. COM                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     12224 | NS      | $1175337.60   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK TREASURY TRUST                  | BLACKROCK TREASURY TRUST                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1211186 | NS      | $1211186.50   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                       | Stryker Corporation COM                           | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       508 | NS      | $166923.72    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc CL A                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       990 | NS      | $566408.70    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart Inc COM                                   | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      7132 | NS      | $886364.96    | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.     | International Business Machines Corp. COM         | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1020 | NS      | $247237.80    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc COM                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      5503 | NS      | $1703233.53   | 6.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                    | Firstcash Holdings Inc COM                        | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1274 | NS      | $239512.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                           | Microsoft Corp. COM                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2820 | NS      | $1043879.40   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GENIUS SPORTS LTD                         | Genius Sports Ltd. COM NPV                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     73737 | NS      | $326654.91    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                    | Micron Technology Inc. COM                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2931 | NS      | $990209.04    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                      | JPMorgan Chase & Co. COM                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2036 | NS      | $598909.76    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                             | Alphabet Inc. CAP STK CL C                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7378 | NS      | $2116453.08   | 8.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                     | Quanta Services, Inc. COM                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1926 | NS      | $1057412.52   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO GROUP HOLDINGS INC                    | TKO Group Holdings Inc. CL A                      | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4380 | NS      | $883227.00    | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                      | Amphenol Corporation CL A                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      5096 | NS      | $643879.60    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                          | Amazon.com, Inc. COM                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3651 | NS      | $760393.77    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                       | Axon Enterprise Inc COM                           | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       816 | NS      | $346547.04    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corporation                  | Bloom Energy Corporation COM CL A                 | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |       612 | NS      | $82919.88     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.               | LPL Financial Holdings Inc. COM                   | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2036 | NS      | $612489.88    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc. COM NEW | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     11208 | NS      | $790276.08    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings Inc CL A                     | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       916 | NS      | $357615.56    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated            | Quest Diagnostics Incorporated COM                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |       712 | NS      | $139537.76    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** AdvisorShares Trust

**Signature:** Dan Ahrens

**Name of Signer:** Dan Ahrens

**Title:** Secretary and Treasurer