# EDGAR Filing Document

**Accession Number:** 0001050918
**File Stem:** 0000910472-25-001846
**Filing Date:** 2025-9
**Character Count:** 37667
**Document Hash:** 0d5ffb4681d677b8bc4e036af9b115d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001846.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001846

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OAK ASSOCIATES FUNDS
- **CENTRAL INDEX KEY:** 0001050918

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08549
- **FILM NUMBER:** 251354603

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3405

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### BLACK OAK EMERGING TECHNOLOGY FUND (Series ID: S000006541)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000017876 | BLACK OAK EMERGING TECHNOLOGY FUND | BOGSX           |

## Nport-Ex

White

Oak

Select

Growth

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

95.91%

Shares

Fair

Value

COMMUNICATIONS

-

17.00%

Internet

Media

&

Services

-

17.00%

Alphabet,

Inc.

-

Class

A

95,702

$

18,365,214

Alphabet,

Inc.

-

Class

C

122,396

23,605,293

Meta

Platforms,

Inc.

-

Class

A

39,980

30,922,131

72,892,638

CONSUMER

DISCRETIONARY

-

14.02%

E-Commerce

Discretionary

-

9.33%

Amazon.com,

Inc.

(a) 170,913

40,012,443

Retail

-

Discretionary

-

4.69%

Lowe's

Companies,

Inc.

90,000

20,121,300

FINANCIALS

-

19.39%

Asset

Management

-

7.16%

Charles

Schwab

Corp.

(The)

314,100

30,696,993

Banking

-

7.39%

JPMorgan

Chase

&

Co.

106,957

31,684,942

Institutional

Financial

Services

-

1.18%

State

Street

Corp.

45,300

5,062,275

Insurance

-

3.66%

Chubb

Ltd.

58,937

15,679,599

HEALTH

CARE

-

18.12%

Biotech

&

Pharma

-

8.70%

Amgen,

Inc.

82,460

24,333,946

Novartis

AG

-

ADR

(a)(b) 114,060

12,973,184

37,307,130

Health

Care

Facilities

&

Services

-

4.95%

Cigna

Corp.

32,952

8,810,706

Labcorp

Holdings,

Inc.

47,770

12,424,021

21,234,727

Medical

Equipment

&

Devices

-

4.47%

Alcon,

Inc.

(a)(b) 138,000

12,081,900

Zimmer

Biomet

Holdings,

Inc.

(b) 77,390

7,092,794

19,174,694

TECHNOLOGY

-

27.38%

Semiconductors

-

15.70%

Broadcom,

Inc.

40,000

11,748,000

KLA

Corp.

26,628

23,406,811

NXP

Semiconductors

NV

66,513

14,218,484

QUALCOMM,

Inc.

122,300

17,948,748

67,322,043

Software

-

2.55%

Microsoft

Corp.

20,500

10,936,750

Technology

Hardware

-

5.24%

Cisco

Systems,

Inc.

330,000

22,466,400

White

Oak

Select

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

95.91%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

27.38%

(Continued)

Technology

Services

-

3.89%

Cognizant

Technology

Solutions

Corp.

-

Class

A

100,000

$

7,176,000

Visa,

Inc.

-

Class

A

27,475

9,491,788

16,667,788

TOTAL

COMMON

STOCKS

(Cost $158,341,129)

411,259,722

SHORT-TERM

INVESTMENTS

-

10.96%

Shares

or

Principal

($)

Fair

Value

REPURCHASE

AGREEMENTS

-

4.07%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U

.

S

.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$17,536,612

and

a

collateral

value

of

$17,791,

900

17,443,009

17,443,009

COLLATERAL

FOR

SECURITIES

LOANED

-

6.89%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

4.42%

(c) 29,551,549

29,551,549

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $46,994,558)

46,994,558

TOTAL

INVESTMENTS

-

106.87%

(Cost

$205,335,687)

458,254,280

Liabilities

in

Excess

of

Other

Assets - (6.87)%

(29,446,107)

NET

ASSETS

-

100.00%

$

428,808,173

(a) Non-income

producing

security.

(b) Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

Fair

Value

of

securities

on

loan

is

$28,369,735.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

Pin

Oak

Equity

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

99.32%

Shares

Fair

Value

COMMUNICATIONS

-

15.04%

Internet

Media

&

Services

-

15.04%

Alphabet,

Inc.

-

Class

A

27,500

$

5,277,250

Alphabet,

Inc.

-

Class

C

41,243

7,954,125

Meta

Platforms,

Inc.

-

Class

A

10,359

8,012,065

21,243,440

CONSUMER

DISCRETIONARY

-

13.44%

E-Commerce

Discretionary

-

11.63%

Amazon.com,

Inc.

(a) 46,556

10,899,225

eBay,

Inc.

60,216

5,524,818

16,424,043

Leisure

Facilities

&

Services

-

1.81%

Flutter

Entertainment

PLC

(a) 8,480

2,563,165

ENERGY

-

1.12%

Oil

&

Gas

Producers

-

1.12%

Coterra

Energy,

Inc.

65,000

1,585,350

FINANCIALS

-

17.97%

Asset

Management

-

6.40%

Charles

Schwab

Corp.

(The)

92,500

9,040,025

Institutional

Financial

Services

-

7.47%

Bank

of

New

York

Mellon

Corp.

(The)

86,745

8,800,280

Northern

Trust

Corp.

13,455

1,749,150

10,549,430

Insurance

-

4.10%

Assurant,

Inc.

30,900

5,787,570

HEALTH

CARE

-

16.74%

Biotech

&

Pharma

-

9.19%

Amgen,

Inc.

18,500

5,459,350

Gilead

Sciences,

Inc.

48,145

5,406,202

Regeneron

Pharmaceuticals,

Inc.

(a) 3,881

2,116,930

12,982,482

Health

Care

Facilities

&

Services

-

7.55%

McKesson

Corp.

11,884

8,242,030

Quest

Diagnostics,

Inc.

14,417

2,413,550

10,655,580

INDUSTRIALS

-

7.12%

Electrical

Equipment

-

4.96%

Amphenol

Corp.

-

Class

A

65,720

6,999,837

Industrial

Support

Services

-

1.12%

Applied

Industrial

Technologies,

Inc.

5,815

1,578,773

Machinery

-

1.04%

ESAB

Corp.

(b) 10,997

1,475,467

TECHNOLOGY

-

27.89%

Semiconductors

-

6.28%

Cirrus

Logic,

Inc.

(a) 11,836

1,192,003

Pin

Oak

Equity

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

99.32%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

27.89%

(Continued)

Semiconductors

-

6.28%

(Continued)

KLA

Corp.

8,729

$

7,673,053

8,865,056

Software

-

7.82%

Akamai

Technologies,

Inc.

(a) 27,507

2,099,059

Microsoft

Corp.

10,953

5,843,426

Zscaler,

Inc.

(a) 10,872

3,104,608

11,047,093

Technology

Services

-

13.79%

Amdocs

Ltd.

66,587

5,683,867

Paychex,

Inc.

34,649

5,000,890

Visa,

Inc.

-

Class

A

25,443

8,789,793

19,474,550

TOTAL

COMMON

STOCKS

(Cost $54,917,255)

140,271,861

SHORT-TERM

INVESTMENTS

-

1.12%

Shares

or

Principal

($)

Fair

Value

REPURCHASE

AGREEMENTS

-

0.69%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$979,446

and

a

collateral

value

of

$993,704

974,218

974,218

COLLATERAL

FOR

SECURITIES

LOANED

-

0.43%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

4.42%

(c) 604,027

604,027

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $1,578,245)

1,578,245

TOTAL

INVESTMENTS

-

100.44%

(Cost

$56,495,500)

141,850,106

Liabilities

in

Excess

of

Other

Assets - (0.44)%

(622,923)

NET

ASSETS

-

100.00%

$

141,227,183

(a) Non-income

producing

security.

(b) Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

Fair

Value

of

securities

on

loan

is

$599,203.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

98.41%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

2.58%

Wholesale

-

Discretionary

-

2.58%

Pool

Corp.

(a) 1,030

$

317,384

ENERGY

-

3.02%

Oil

&

Gas

Producers

-

3.02%

Murphy

USA,

Inc.

1,024

371,180

FINANCIALS

-

14.38%

Institutional

Financial

Services

-

5.52%

Northern

Trust

Corp.

2,476

321,880

Virtu

Financial,

Inc.

-

Class

A

8,100

357,534

679,414

Insurance

-

8.86%

Assurant,

Inc.

1,830

342,759

Hartford

Financial

Services

Group,

Inc.

(The)

6,000

746,340

1,089,099

HEALTH

CARE

-

20.30%

Biotech

&

Pharma

-

9.88%

Exelixis,

Inc.

(b) 15,176

549,675

Jazz

Pharmaceuticals

PLC

(b) 4,005

459,093

Viatris,

Inc.

23,547

205,801

1,214,569

Health

Care

Facilities

&

Services

-

10.42%

Cardinal

Health,

Inc.

5,000

776,100

Quest

Diagnostics,

Inc.

3,015

504,741

1,280,841

INDUSTRIALS

-

31.03%

Aerospace

&

Defense

-

4.15%

TransDigm

Group,

Inc.

509,882

Commercial

Support

Services

-

4.36%

Republic

Services,

Inc.

2,323

535,800

Electrical

Equipment

-

3.71%

BWX

Technologies,

Inc.

(a) 3,000

455,790

Industrial

Support

Services

-

4.27%

Applied

Industrial

Technologies,

Inc.

1,936

525,624

Machinery

-

14.54%

Curtiss-Wright

Corp.

1,434

702,975

ESAB

Corp.

(a) 3,618

485,427

Nordson

Corp.

1,839

393,932

Symbotic,

Inc.

(a)(b) 3,808

205,442

1,787,776

MATERIALS

-

7.95%

Chemicals

-

3.90%

CF

Industries

Holdings,

Inc.

5,159

478,910

Construction

Materials

-

4.05%

Carlisle

Companies,

Inc.

(a) 1,405

498,367

Rock

Oak

Core

Growth

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

98.41%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

19.15%

Software

-

5.02%

Veeva

Systems,

Inc.

-

Class

A

(b) 900

$

255,780

Zscaler,

Inc.

(b) 1,264

360,948

616,728

Technology

Hardware

-

9.30%

F5,

Inc.

(b) 2,070

648,779

NetApp,

Inc.

4,748

494,409

1,143,188

Technology

Services

-

4.83%

Amdocs

Ltd.

3,602

307,467

Cognizant

Technology

Solutions

Corp.

-

Class

A

4,000

287,040

594,507

TOTAL

COMMON

STOCKS

(Cost $6,827,850)

12,099,059

SHORT-TERM

INVESTMENTS

-

18.38%

Shares

or

Principal

($)

Fair

Value

REPURCHASE

AGREEMENTS

-

1.65%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$204,574

and

a

collateral

value

of

$207,553

203,483

203,483

COLLATERAL

FOR

SECURITIES

LOANED

-

16.73%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

4.42%

(c) 2,056,653

2,056,653

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $2,260,136)

2,260,136

TOTAL

INVESTMENTS

-

116.79%

(Cost

$9,087,986)

14,359,195

Liabilities

in

Excess

of

Other

Assets - (16.79)%

(2,063,860)

NET

ASSETS

-

100.00%

$

12,295,335

(a) Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

Fair

Value

of

securities

on

loan

is

$1,942,074.

(b) Non-income

producing

security.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. River

Oak

Discovery

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

95.03%

Shares

Fair

Value

CONSUMER

DISCRETIONARY

-

3.74%

Retail

-

Discretionary

-

3.74%

Asbury

Automotive

Group,

Inc.

(a) 3,380

$

750,766

CONSUMER

STAPLES

-

1.19%

Household

Products

-

1.19%

Energizer

Holdings,

Inc.

10,603

238,780

FINANCIALS

-

17.03%

Asset

Management

-

7.87%

AllianceBernstein

Holding

LP

21,518

877,719

Artisan

Partners

Asset

Management,

Inc.

-

Class

A

(b) 15,502

701,466

1,579,185

Banking

-

2.88%

Axos

Financial,

Inc.

(a) 6,692

577,854

Insurance

-

6.28%

CNO

Financial

Group,

Inc.

(a) 19,434

715,948

Selective

Insurance

Group,

Inc.

7,000

545,790

1,261,738

HEALTH

CARE

-

8.77%

Biotech

&

Pharma

-

4.99%

Prestige

Consumer

Healthcare,

Inc.

(a) 13,557

1,002,540

Health

Care

Facilities

&

Services

-

3.78%

Ensign

Group,

Inc.

(The)

5,057

758,550

INDUSTRIALS

-

34.50%

Commercial

Support

Services

-

14.80%

Barrett

Business

Services,

Inc.

30,847

1,418,037

Korn

Ferry

11,359

805,012

V2X,

Inc.

(a) 15,768

747,088

2,970,137

Electrical

Equipment

-

6.05%

Advanced

Energy

Industries,

Inc.

8,735

1,213,466

Industrial

Support

Services

-

4.77%

Applied

Industrial

Technologies,

Inc.

3,530

958,395

Machinery

-

8.88%

ESAB

Corp.

(b) 5,971

801,129

Kadant,

Inc.

(b) 2,948

981,006

1,782,135

TECHNOLOGY

-

29.80%

Semiconductors

-

24.25%

Ambarella,

Inc.

(a) 7,473

493,890

Cirrus

Logic,

Inc.

(a) 9,439

950,602

Cohu,

Inc.

(a) 33,811

603,864

Diodes,

Inc.

(a) 6,980

344,603

Kulicke

&

Soffa

Industries,

Inc.

22,922

750,925

Silicon

Motion

Technology

Corp.

-

ADR

11,192

856,636

Tower

Semiconductor

Ltd.

(a) 18,941

866,551

4,867,071

River

Oak

Discovery

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

95.03%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

29.80%

(Continued)

Software

-

5.55%

Clear

Secure,

Inc.

-

Class

A

(b) 20,198

$

594,023

Intapp,

Inc.

(a) 8,873

355,364

Verint

Systems,

Inc.

(a) 7,788

165,728

1,115,115

TOTAL

COMMON

STOCKS

(Cost $12,057,415)

19,075,732

SHORT-TERM

INVESTMENTS

-

20.94%

Shares

or

Principal

($)

Fair

Value

REPURCHASE

AGREEMENTS

-

5.10%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$1,028,905

and

a

collateral

value

of

$1,043,883

1,023,413

1,023,413

COLLATERAL

FOR

SECURITIES

LOANED

-

15.84%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

4.42%

(c) 3,179,408

3,179,408

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $4,202,821)

4,202,821

TOTAL

INVESTMENTS

-

115.97%

(Cost

$16,260,236)

23,278,553

Liabilities

in

Excess

of

Other

Assets - (15.97)%

(3,206,265)

NET

ASSETS

-

100.00%

$

20,072,288

(a) Non-income

producing

security.

(b) Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

Fair

Value

of

securities

on

loan

is

$3,046,591.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

99.06%

Shares

Fair

Value

COMMUNICATIONS

-

12.70%

Internet

Media

&

Services

-

12.70%

Alphabet,

Inc.

-

Class

A

50,000

$

9,595,000

Alphabet,

Inc.

-

Class

C

248,720

47,968,139

Meta

Platforms,

Inc.

-

Class

A

44,425

34,360,072

91,923,211

CONSUMER

DISCRETIONARY

-

11.66%

E-Commerce

Discretionary

-

11.66%

Amazon.com,

Inc.

(a) 263,000

61,570,930

eBay,

Inc.

249,030

22,848,503

84,419,433

INDUSTRIALS

-

3.90%

Aerospace

&

Defense

-

1.84%

Lockheed

Martin

Corp.

-

Class

B

31,728

13,356,853

Electrical

Equipment

-

2.06%

Amphenol

Corp.

-

Class

A

140,000

14,911,400

TECHNOLOGY

-

70.80%

Semiconductors

-

25.75%

Advanced

Micro

Devices,

Inc.

(a) 90,000

15,867,900

Broadcom,

Inc.

177,840

52,231,608

KLA

Corp.

42,325

37,204,945

NVIDIA

Corp.

288,000

51,226,560

NXP

Semiconductors

NV

113,550

24,273,583

QUALCOMM,

Inc.

38,200

5,606,232

186,410,828

Software

-

25.71%

Adobe

Systems,

Inc.

(a) 38,735

13,855,122

Akamai

Technologies,

Inc.

(a) 101,780

7,766,832

Check

Point

Software

Technologies

Ltd.

(a) 33,700

6,274,940

Microsoft

Corp.

99,403

53,031,500

Oracle

Corp.

262,554

66,628,329

Synopsys,

Inc.

(a) 60,970

38,622,666

186,179,389

Technology

Hardware

-

10.49%

Apple,

Inc.

106,078

22,018,611

Cisco

Systems,

Inc.

500,000

34,040,000

NetApp,

Inc.

191,334

19,923,609

75,982,220

Technology

Services

-

8.85%

Accenture

PLC

-

Class

A

50,118

13,386,518

Global

Payments,

Inc.

78,157

6,248,652

MasterCard,

Inc.

-

Class

A

29,642

16,791,304

Visa,

Inc.

-

Class

A

80,000

27,637,600

64,064,074

TOTAL

COMMON

STOCKS

(Cost $173,426,099)

717,247,408

Red

Oak

Technology

Select

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

SHORT-TERM

INVESTMENTS

-

1.03%

Shares

or

Principal

($)

Fair

Value

REPURCHASE

AGREEMENTS

-

1.03%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$7,486,063

and

a

collateral

value

of

$7,595,041

7,446,106

$

7,446,106

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $7,446,106)

7,446,106

TOTAL

INVESTMENTS

-

100.09%

(Cost

$180,872,205)

724,693,514

Liabilities

in

Excess

of

Other

Assets - (0.09)%

(649,616)

NET

ASSETS

-

100.00%

$

724,043,898

(a) Non-income

producing

security.

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

93.80%

Shares

Fair

Value

COMMUNICATIONS

-

1.94%

Entertainment

Content

-

1.94%

AppLovin

Corp

-

Class

A

(a) 3,000

$

1,172,100

CONSUMER

DISCRETIONARY

-

7.54%

E-Commerce

Discretionary

-

4.72%

MercadoLibre,

Inc.

(a)(b) 1,200

2,848,668

Leisure

Facilities

&

Services

-

2.82%

Flutter

Entertainment

PLC

(a) 5,622

1,699,306

HEALTH

CARE

-

3.39%

Medical

Equipment

&

Devices

-

3.39%

Intuitive

Surgical,

Inc.

(a) 4,259

2,048,962

INDUSTRIALS

-

8.53%

Electrical

Equipment

-

4.04%

Advanced

Energy

Industries,

Inc.

17,560

2,439,435

Industrial

Support

Services

-

4.49%

Applied

Industrial

Technologies,

Inc.

9,964

2,705,226

TECHNOLOGY

-

72.40%

Information

Technology

-

2.74%

Paylocity

Holdings

Corp.

(a)(b) 8,930

1,650,978

Semiconductors

-

33.07%

Advanced

Micro

Devices,

Inc.

(a) 12,304

2,169,318

Cirrus

Logic,

Inc.

(a) 21,731

2,188,529

Cohu,

Inc.

(a) 59,077

1,055,115

Diodes,

Inc.

(a)(b) 25,770

1,272,265

KLA

Corp.

3,863

3,395,693

Kulicke

&

Soffa

Industries,

Inc.

44,645

1,462,570

Lam

Research

Corp.

24,638

2,336,668

NVIDIA

Corp.

25,160

4,475,209

Silicon

Motion

Technology

Corp.

-

ADR

20,940

1,602,748

19,958,115

Software

-

23.14%

Clear

Secure,

Inc.

-

Class

A

(b) 44,795

1,317,421

Crowdstrike

Holdings,

Inc.

-

Class

A

(a) 5,576

2,534,682

Fortinet,

Inc.

(a) 25,980

2,595,402

Palantir

Technologies,

Inc.

-

Class

A

(a) 7,010

1,110,034

Palo

Alto

Networks,

Inc.

(a)(b) 4,419

767,139

Salesforce,

Inc.

7,994

2,065,090

Veeva

Systems,

Inc.

-

Class

A

(a) 6,396

1,817,743

Zscaler,

Inc.

(a) 6,152

1,756,765

13,964,276

Technology

Hardware

-

5.79%

F5,

Inc.

(a) 11,141

3,491,812

Technology

Services

-

7.66%

Amdocs

Ltd.

20,298

1,732,637

CSG

Systems

International,

Inc.

10,000

624,600

Black

Oak

Emerging

Technology

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

93.80%

(Continued)

Shares

Fair

Value

TECHNOLOGY

-

72.40%

(Continued)

Technology

Services

-

7.66%

(Continued)

Jack

Henry

&

Associates,

Inc.

6,981

$

1,185,479

PayPal

Holdings,

Inc.

(a) 15,720

1,080,907

4,623,623

TOTAL

COMMON

STOCKS

(Cost $26,145,556)

56,602,501

SHORT-TERM

INVESTMENTS

-

15.42%

Shares

or

Principal

($)

Fair

Value

REPURCHASE

AGREEMENTS

-

6.28%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$3,808,946

and

a

collateral

value

of

$3,864,395

3,788,616

3,788,616

COLLATERAL

FOR

SECURITIES

LOANED

-

9.14%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

4.42%

(c) 5,515,396

5,515,396

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $9,304,012)

9,304,012

TOTAL

INVESTMENTS

-

109.22%

(Cost

$35,449,568)

65,906,513

Liabilities

in

Excess

of

Other

Assets - (9.22)%

(5,564,659)

NET

ASSETS

-

100.00%

$

60,341,854

(a) Non-income

producing

security.

(b) Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

Fair

Value

of

securities

on

loan

is

$5,274,758

.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

July

31,

2025

(Unaudited)

COMMON

STOCKS

-

94.25%

Shares

Fair

Value

HEALTH

CARE

-

94.25%

Biotech

-

26.99%

Amgen,

Inc.

8,889

$

2,623,144

Exelixis,

Inc.

(a) 59,000

2,136,980

Gilead

Sciences,

Inc.

13,718

1,540,394

Incyte

Corp.

(a) 15,890

1,190,002

Regeneron

Pharmaceuticals,

Inc.

(a) 3,190

1,740,017

United

Therapeutics

Corp.

(a) 5,965

1,638,585

Vertex

Pharmaceuticals,

Inc.

(a) 3,925

1,793,215

12,662,337

Health

Care

Facilities

-

6.54%

DaVita,

Inc.

(a)(b) 6,520

915,212

Ensign

Group,

Inc.

(The)

8,037

1,205,550

National

Healthcare

Corp.

9,847

945,607

3,066,369

Health

Care

Services

-

6.97%

Labcorp

Holdings,

Inc.

6,529

1,698,062

Medpace

Holdings,

Inc.

(a) 3,681

1,572,523

3,270,585

Health

Care

Supply

Chain

-

21.05%

Cardinal

Health,

Inc.

15,989

2,481,813

Cencora,

Inc.

8,760

2,506,061

Cigna

Corp.

6,199

1,657,489

McKesson

Corp.

4,663

3,233,977

9,879,340

Large

Pharmaceuticals

-

9.46%

Johnson

&

Johnson

8,463

1,394,195

Merck

&

Co.,

Inc.

13,962

1,090,711

Novartis

AG

-

ADR

(a)(b) 17,194

1,955,646

4,440,552

Life

Science

&

Diagnostics

-

6.21%

Revvity,

Inc.

14,979

1,316,654

Thermo

Fisher

Scientific,

Inc.

3,410

1,594,789

2,911,443

Managed

Care

-

2.37%

Elevance

Health,

Inc.

3,925

1,111,089

Medical

Devices

-

7.34%

Inspire

Medical

Systems,

Inc.

(a) 7,491

932,929

Medtronic

PLC

12,661

1,142,529

Stryker

Corp.

3,479

1,366,308

3,441,766

Medical

Equipment

-

3.69%

Intuitive

Surgical,

Inc.

(a) 3,603

1,733,367

Specialty

&

Generic

Pharmaceuticals

-

3.63%

Jazz

Pharmaceuticals

PLC

(a) 14,849

1,702,141

TOTAL

COMMON

STOCKS

(Cost $26,564,013)

44,218,989

Live

Oak

Health

Sciences

Fund

Schedule

of

Investments

(continued)

July

31,

2025

(Unaudited)

Shares

or

Principal

($)

Fair

Value

SHORT-TERM

INVESTMENTS

-

12.12%

REPURCHASE

AGREEMENTS

-

5.77%

Tri-Party

Repurchase

Agreement

with

South

Street

Securities

LLC

and

Bank

of

New

York

Mellon,

4.00%,

dated

7/31/2025

and

maturing

8/1/2025,

collateralized

by

U.S.

Treasury

Securities

with

rates

ranging

from

3.50%

to

4.50%

and

maturity

dates

ranging

from

5/15/2027

to

1/31/2032

with

a

par

value

of

$2,720,654

and

a

collateral

value

of

$2,760,259

2,706,132

$

2,706,132

COLLATERAL

FOR

SECURITIES

LOANED

-

6.35%

Mount

Vernon

Liquid

Assets

Portfolio,

LLC,

4.42%

(c) 2,977,583

2,977,583

TOTAL

SHORT-TERM

INVESTMENTS

(Cost $5,683,715)

5,683,715

TOTAL

INVESTMENTS

-

106.37%

(Cost

$32,247,728)

49,902,704

Liabilities

in

Excess

of

Other

Assets - (6.37)%

(2,986,625)

NET

ASSETS

-

100.00%

$

46,916,079

(a) Non-income

producing

security.

(b) Security,

or

a

portion

of

the

security

position,

is

currently

on

loan.

The

total

Fair

Value

of

securities

on

loan

is

$2,842,030.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

July

31,

2025. ADR

-

American

Depositary

Receipt

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Oak Associates Funds

- **b. Investment Company Act file number:** 811-08549

- **c. CIK number of Registrant:** 0001050918

- **d. LEI of Registrant:** 54930064H3XUADDZTB14

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

  - **Street Address 1:** 3875 Embassy Parkway

  - **City:** Akron

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 44333

  - **Telephone number:** 888-462-5386

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

- **a. Name of Series:** BLACK OAK EMERGING TECHNOLOGY FUND

- **b. EDGAR series identifier (if any):** S000006541

- **c. LEI of Series:** 549300057F9QRWZZDV78

**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:** $60403908.58

**Total Liabilities:** $60033.48

**Net Assets:** $60343875.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000017876 | 7.19%                | 7.25%                | -0.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-83232.00               | $3985742.29                                |
| Month 2  | $351868.27               | $3730068.33                                |
| Month 3  | $349725.72               | $-472272.10                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Cohu Inc                                  | Cohu, Inc.                                | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     59077 | NS      | $1055115.22   | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Amdocs Limited                            | Amdocs Ltd.                               | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |     20298 | NS      | $1732637.28   | 2.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Intuitive Surgical Inc.                   | Intuitive Surgical, Inc.                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      4259 | NS      | $2048962.31   | 3.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Paylocity Holding Corporation             | Paylocity Holdings Corp.                  | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      8930 | NS      | $1650978.40   | 2.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Veeva Systems Inc                         | Veeva Systems, Inc.                       | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      6396 | NS      | $1817743.20   | 3.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortinet Inc                              | Fortinet, Inc.                            | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     25980 | NS      | $2595402.00   | 4.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc.               | Advanced Micro Devices, Inc.              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     12304 | NS      | $2169318.24   | 3.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Clear Secure Inc                          | Clear Secure Inc                          | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44795 | NS      | $1317420.95   | 2.18%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   5515396 | PA      | $5515396.00   | 9.14%             |  |  |  | No            | N/A                | On Loan: No      |
| Henry Jack & Associates Inc.              | Jack Henry & Associates, Inc.             | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      6981 | NS      | $1185478.52   | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Flutter Entertainment PLC                 | Flutter Entertainment PLC                 | CUSIP: G3643J108<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      5622 | NS      | $1699305.72   | 2.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings, Inc.                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      5576 | NS      | $2534682.32   | 4.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Salesforce Inc.                           | salesforce.com, Inc.                      | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      7994 | NS      | $2065090.02   | 3.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Palo Alto Networks Inc                    | Palo Alto Networks, Inc.                  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      4419 | NS      | $767138.40    | 1.27%             |  |  |  | No            | 1                  | On Loan: —       |
| KLA Corp.                                 | KLA-Tencor Corp.                          | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      3863 | NS      | $3395692.89   | 5.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   5515396 | PA      | $5515396.00   | 9.14%             |  |  |  | No            | N/A                | On Loan: No      |
| Cirrus Logic, Inc.                        | Cirrus Logic, Inc.                        | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     21731 | NS      | $2188529.01   | 3.63%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp.                              | NVIDIA Corp.                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     25160 | NS      | $4475209.20   | 7.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Industrial Technologies Inc.      | Applied Industrial Technologies, Inc.     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      9964 | NS      | $2705226.00   | 4.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Lam Research Corporation                  | Lam Research Corp.                        | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     24638 | NS      | $2336667.92   | 3.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Silicon Motion Technology Corp.           | Silicon Motion Technology Corp.           | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |     20940 | NS      | $1602747.60   | 2.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Zscaler Inc                               | Zscaler, Inc.                             | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      6152 | NS      | $1756765.12   | 2.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Applovin Corp.                            | AppLovin Corp                             | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      3000 | NS      | $1172100.00   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercadolibre Inc                          | MercadoLibre, Inc.                        | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1200 | NS      | $2848668.00   | 4.72%             |  |  |  | No            | 1                  | On Loan: —       |
| CSG Systems International Inc.            | CSG Systems International, Inc.           | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     10000 | NS      | $624600.00    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| F5 Inc                                    | F5, Inc.                                  | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     11141 | NS      | $3491812.22   | 5.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Paypal Holdings Inc.                      | PayPal Holdings, Inc.                     | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     15720 | NS      | $1080907.20   | 1.79%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                       | Prime Solutions 4% 8/1/25                 | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               | CORP              | US        |   3788616 | PA      | $3788615.92   | 6.28%             |  |  |  | No            | N/A                | On Loan: No      |
| Palantir Technologies Inc                 | Palantir Technologies, Inc.               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      7010 | NS      | $1110033.50   | 1.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Kulicke and Soffa Industries, Inc.        | Kulicke & Soffa Industries, Inc.          | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     44645 | NS      | $1462570.20   | 2.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Diodes Incorporated                       | Diodes, Inc.                              | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     25770 | NS      | $1272264.90   | 2.11%             |  |  |  | No            | 1                  | On Loan: —       |
| Advanced Energy Industries, Inc.          | Advanced Energy Industries, Inc.          | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     17560 | NS      | $2439435.20   | 4.04%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Oak Associates Funds

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller