# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-25-154345
**Filing Date:** 2025-6
**Character Count:** 24365
**Document Hash:** b9c1d243d20da8b8354a68f064f9bca3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-154345.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-154345

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**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:** 251071203

**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 QUALITY MIDCAP FUND (Series ID: S000074487)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000232438 | WESTWOOD QUALITY MIDCAP FUND INSTITUTIONAL SHARES | WWMCX           |

## 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 QUALITY MIDCAP FUND

- **b. EDGAR series identifier (if any):** S000074487

- **c. LEI of Series:** 549300KN2XZ7PMSLZB87

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $1611149.21

**Total Liabilities:** $10253.49

**Net Assets:** $1600895.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232438 | -2.77%               | -3.74%               | -2.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7511.96                 | $-61875.36                                 |
| Month 2  | $7153.73                 | $-72766.23                                 |
| Month 3  | $-13612.26               | $-24985.47                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eagle Materials Inc.                      | Eagle Materials, Inc.                            | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |       104 | NS      | $23544.56     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                      | TopBuild Corporation                             | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       109 | NS      | $32237.84     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc            | BJ's Wholesale Club Holdings, Inc.               | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |       202 | NS      | $23747.12     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                 | Healthpeak Properties, Inc.                      | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      1299 | NS      | $23174.16     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                      | Glacier Bancorp, Inc.                            | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |       569 | NS      | $23192.44     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                    | Diamondback Energy, Inc.                         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       219 | NS      | $28910.19     | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                      | Blue Owl Capital Inc.                            | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1221 | NS      | $22625.13     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation                | Verra Mobility Corporation                       | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |      1732 | NS      | $37757.60     | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                    | Marvell Technology, Inc.                         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       710 | NS      | $41442.70     | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                | Evergy, Inc.                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       347 | NS      | $23977.70     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                   | Church & Dwight Company, Inc.                    | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |       220 | NS      | $21854.80     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                   | Piper Sandler Companies                          | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |       121 | NS      | $29175.52     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                 | First American Treasury Obligations Fund Class X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |     32542 | PA      | $32542.35     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                | Zimmer Biomet Holdings, Inc.                     | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       227 | NS      | $23392.35     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                          | Inter Parfums, Inc.                              | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       215 | NS      | $23478.00     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                        | Cameco Corporation                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |       523 | NS      | $23613.45     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                            | DTE Energy Company                               | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       175 | NS      | $23975.00     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                          | Boise Cascade Company                            | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |       261 | NS      | $24346.08     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                               | Ventas, Inc. REIT                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       463 | NS      | $32447.04     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                               | Rambus, Inc.                                     | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |       507 | NS      | $24736.53     | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                | Cullen/Frost Bankers, Inc.                       | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |       212 | NS      | $24691.64     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                      | Hubbell, Inc.                                    | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |        64 | NS      | $23243.52     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corporation                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |      1149 | NS      | $13558.20     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                     | Jacobs Solutions, Inc.                           | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       197 | NS      | $24388.60     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated         | McCormick & Company, Inc. Non-Voting Shares      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |       301 | NS      | $23074.66     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America          | Packaging Corporation of America                 | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       132 | NS      | $24500.52     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                               | Corteva, Inc.                                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       274 | NS      | $16985.26     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                      | BWX Technologies, Inc.                           | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       299 | NS      | $32626.88     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                          | Arthur J. Gallagher & Company                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |        70 | NS      | $22448.30     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.         | American International Group, Inc.               | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       371 | NS      | $30243.92     | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                   | CACI International, Inc.                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |        76 | NS      | $34798.12     | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                        | Crown Holdings, Inc.                             | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |       289 | NS      | $27839.37     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                  | CDW Corporation                                  | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       205 | NS      | $32914.80     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                    | CMS Energy Corporation                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |       423 | NS      | $31153.95     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                            | McKesson Corporation                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        22 | NS      | $15681.38     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                           | Littelfuse, Inc.                                 | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |       108 | NS      | $19689.48     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited            | Axalta Coating Systems Ltd.                      | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |      1017 | NS      | $33052.50     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Company                      | Weyerhaeuser Company REIT                        | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |       873 | NS      | $22619.43     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                          | South State Corporation                          | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |       269 | NS      | $23343.82     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                        | Timken Company (The)                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |       335 | NS      | $21523.75     | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                               | Avantor, Inc.                                    | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1314 | NS      | $17068.86     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc              | ADVANCED DRAINAGE SYSTEMS, INC.                  | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |       157 | NS      | $17817.93     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                      | Delta Air Lines, Inc.                            | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |       548 | NS      | $22813.24     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                  | O'Reilly Automotive, Inc.                        | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |        22 | NS      | $31134.40     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc           | Academy Sports & Outdoors, Inc.                  | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       537 | NS      | $20234.16     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                        | Chord Energy Corporation                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |       250 | NS      | $22557.50     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                | Alliant Energy Corporation                       | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       376 | NS      | $22951.04     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation                 | Realty Income Corporation REIT                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |       560 | NS      | $32401.60     | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                         | Everest Group Ltd.                               | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | US        |        66 | NS      | $23682.78     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                           | Pegasystems, Inc.                                | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |       441 | NS      | $40607.28     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                           | MSA Safety, Inc.                                 | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |       161 | NS      | $25344.62     | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc             | Intercontinental Exchange, Inc.                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       198 | NS      | $33258.06     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                           | Ulta Beauty, Inc.                                | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        86 | NS      | $34025.04     | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                | Cooper Companies, Inc. (The)                     | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |       389 | NS      | $31769.63     | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                 | MarketAxess Holdings, Inc.                       | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |       144 | NS      | $31908.96     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.        | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |       720 | NS      | $24325.20     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.              | CF Industries Holdings, Inc.                     | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       345 | NS      | $27037.65     | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                   | XPO Logistics, Inc.                              | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |       135 | NS      | $14326.20     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.           | Gulfport Energy Corporation                      | CUSIP: 402635502<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       145 | NS      | $25012.50     | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse, Inc.                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |       189 | NS      | $31366.44     | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust           | Federal Realty Investment Trust REIT             | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |       356 | NS      | $33471.12     | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-21

**Name of Applicant:** Westwood Quality MidCap Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer