# EDGAR Filing Document

**Accession Number:** 0001936157
**File Stem:** 0001936157-25-000129
**Filing Date:** 2025-12
**Character Count:** 9244
**Document Hash:** a40915429790121d5a90b7555b6572a6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001936157-25-000129.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001936157-25-000129

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevation Series Trust
- **CENTRAL INDEX KEY:** 0001936157

**ORGANIZATION NAME:**
- **EIN:** 882465192
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23812
- **FILM NUMBER:** 251603876

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290
- **BUSINESS PHONE:** 7202128740

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Consortio Funds Trust
- **DATE OF NAME CHANGE:** 20220630

## Series and Classes Contracts Data

### TrueShares Quarterly Bear Hedge ETF (Series ID: S000085520)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000250805 | TrueShares Quarterly Bear Hedge ETF | QBER            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Elevation Series Trust

- **b. Investment Company Act file number:** 811-23812

- **c. CIK number of Registrant:** 0001936157

- **d. LEI of Registrant:** 549300QVQ3VLO2G2BM75

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

  - **Street Address 1:** 1700 Broadway Suite 1850

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80290

  - **Telephone number:** 8775249155

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

- **a. Name of Series:** TrueShares Quarterly Bear Hedge ETF

- **b. EDGAR series identifier (if any):** S000085520

- **c. LEI of Series:** 529900BJ4EOU0K2Q5B60

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $221064538.74

**Total Liabilities:** $148386.86

**Net Assets:** $220916151.88

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250805 | 0.00%                | -0.04%               | -0.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $40903.12                                  |
| Month 2  | $13.62                   | $-16881.35                                 |
| Month 3  | $-3.37                   | $48010.51                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Treasury Bill                 | TREASURY BILL B 12/18/25                          | CUSIP: 912797QZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73746000 | PA      | $73389876.14  | 33.22%            | 2025-12-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET INSTITUTIONAL US | STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS | CUSIP: 857492656<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     11916 | NS      | $11916.11     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P625.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       344 | NC      | $31840.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P615.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |         2 | NC      | $138.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P610.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       435 | NC      | $26417.55     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 01/16/26 P630.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       302 | NC      | $200123.32    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P605.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        16 | NC      | $863.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P645.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |         2 | NC      | $374.76       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P620.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |         4 | NC      | $318.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Treasury Bill                 | TREASURY BILL B 01/15/26                          | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73747000 | PA      | $73184361.28  | 33.13%            | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Treasury Bill                 | TREASURY BILL B 11/20/25                          | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73747000 | PA      | $73611792.25  | 33.32%            | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 12/19/25 P645.00  Euro Cash Flex              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       311 | NC      | $179462.55    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 12/19/25 P630.00  Euro Cash Flex              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       405 | NC      | $166698.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 01/16/26 P650.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       226 | NC      | $213375.64    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| The Options Clearing Corp     | SPY 11/21/25 P630.00 Euro Cash Flex               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |         5 | NC      | $544.70       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Elevation Series Trust

**Signature:** Nick Austin

**Name of Signer:** Nick Austin

**Title:** Treasurer