# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-23-020736
**Filing Date:** 2023-2
**Character Count:** 15645
**Document Hash:** a0fab9a8811a90a70ea6afabbdbb76e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-020736.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001752724-23-020736

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 23605884

**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 Salient MLP & Energy Infrastructure Fund (Series ID: S000077491)

| Class ID   | Class Name                                                             | Ticker Symbol   |
|:---|:---|:---|
| C000237961 | Westwood Salient MLP & Energy Infrastructure Fund Institutional Shares |  |
| C000237962 | Westwood Salient MLP & Energy Infrastructure Fund Ultra Fund           |  |
| C000237963 | Westwood Salient MLP & Energy Infrastructure Fund C Class Shares       |  |
| C000237964 | Westwood Salient MLP & Energy Infrastructure Fund A Class Shares       |  |

## 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 SALIENT MLP & ENERGY

- **b. EDGAR series identifier (if any):** S000077491

- **c. LEI of Series:** 549300VG7P29O2H2U782

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $986653967.70

**Total Liabilities:** $8840774.91

**Net Assets:** $977813192.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237961 | 12.31%               | 4.25%                | -6.53%               |
| Class ID C000237964 | 6.00%                | 1.09%                | -9.27%               |
| Class ID C000237963 | 11.17%               | 3.20%                | -7.58%               |
| Class ID C000237962 | 12.31%               | 4.27%                | -6.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5162652.54             | $116584571.92                              |
| Month 2  | $4827734.18              | $34362955.50                               |
| Month 3  | $84829.85                | $-69806449.73                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MPLX LP                           | MPLX LP                                            | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    944855 | NS      | $31029038.20  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                   | First Solar, Inc.                                  | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     14471 | NS      | $2167611.09   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tellurian Inc                     | TELLURIAN, INC.                                    | CUSIP: 87968A104<br>LEI: 254900ZYXZHH5MQG6H78 | Long             | EC               | CORP              | US        |   2106360 | NS      | $3538684.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc               | Cheniere Energy, Inc.                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    502318 | NS      | $75327607.28  | 7.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Co                | Targa Resources Corp.                              | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |   1280564 | NS      | $94121454.00  | 9.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP     | Western Midstream Partners, LP                     | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1105695 | NS      | $29687910.75  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP             | Plains GP Holdings, L.P. Class A                   | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |   4294627 | NS      | $53425159.88  | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Incorporation            | Enbridge, Inc.                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |   1058750 | NS      | $41397125.00  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P. | Enterprise Products Partners L.P.                  | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |   2480601 | NS      | $59832096.12  | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                | Energy Transfer, L.P.                              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   7899997 | NS      | $93772964.39  | 9.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc.                       | SUNRUN, INC.                                       | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    210680 | NS      | $5060533.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.               | Kinder Morgan, Inc.                                | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |   2203274 | NS      | $39835193.92  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corporation          | BLOOM ENERGY CORP -A                               | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     48065 | NS      | $919002.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc            | Array Technologies, Inc.                           | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |     88622 | NS      | $1713063.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaredge Technologies Inc        | SolarEdge Technologies, Inc.                       | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |     37423 | NS      | $10600813.21  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | EMG UTICA EXECUTED PUR AG                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  16000000 | NS      | $9092368.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                    | TC Energy Corporation                              | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    907342 | NS      | $36166652.12  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corporation      | PEMBINA PIPELINE CORPORATION                       | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |   1355771 | NS      | $46021814.07  | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesis Energy L.P.               | GENESIS ENERGY, L.P.                               | CUSIP: 371927104<br>LEI: 549300VJ5D6MDK138782 | Long             | EC               | CORP              | US        |    907055 | NS      | $9261031.55   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitrans Midstream Corporation   | Equitrans Midstream Corporation                    | CUSIP: 294600101<br>LEI: 549300RH0NLJNZ5SXU64 | Long             | EC               | CORP              | US        |   5093047 | NS      | $34123414.90  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| The Williams Companies, Inc.      | The Williams Companies, Inc.                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   2384619 | NS      | $78453965.10  | 8.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibson Energy Inc                 | Gibson Energy, Inc.                                | CUSIP: 374825206<br>LEI: 549300WYW5D9I3FR0643 | Long             | EC               | CORP              | CA        |    786425 | NS      | $13730999.67  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                        | ONEOK, Inc.                                        | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    623204 | NS      | $40944502.80  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                  | DT Midstream, Inc.                                 | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    512467 | NS      | $28318926.42  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc.            | Excelerate Energy Inc.                             | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200380 | NS      | $5019519.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation      | Antero Midstream Corporation                       | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2797819 | NS      | $30188467.01  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp.                      | Keyera Corporation                                 | CUSIP: 493271100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1117246 | NS      | $24416935.00  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Enlink Midstream LLC              | EnLink Midstream, LLC                              | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             | EC               | CORP              | US        |   3365464 | NS      | $41395207.20  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Crestwood Equity Partners LP      | Crestwood Equity Partners LP                       | CUSIP: 226344208<br>LEI: 549300CUY0F1TYDLDL45 | Long             | EC               | CORP              | US        |    361053 | NS      | $9455978.07   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                 | Hess Midstream LP Class A                          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    207329 | NS      | $6203283.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                               | TORTOISEECOFIN ACQ III                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    104850 | NS      | $314.55       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC               | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   6829088 | PA      | $6829088.37   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Midstream Partners LP    | Magellan Midstream Partners, L.P.                  | CUSIP: 559080106<br>LEI: MZF5TI8NFVZZNUSKDL39 | Long             | EC               | CORP              | US        |    186412 | NS      | $9359746.52   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                    | Plug Power, Inc.                                   | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    330071 | NS      | $4082978.27   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** Westwood Salient MLP & Energy Infrastructure Fund

**Signature:** Jennifer L. Leamer

**Name of Signer:** Jennifer L. Leamer

**Title:** Treasurer