# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0000940400-26-007293
**Filing Date:** 2026-2
**Character Count:** 23355
**Document Hash:** 9a09ea00d1a21d89c14fe9c80c66aee1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007293.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000940400-26-007293

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**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:** 26664891

**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 Pure US Cannabis ETF (Series ID: S000066948)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000215439 | AdvisorShares Pure US Cannabis ETF | MSOS            |

## 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 Pure US Cannabis ETF

- **b. EDGAR series identifier (if any):** S000066948

- **c. LEI of Series:** 549300U1LLTOEUUI7S22

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $962222440.24

**Total Liabilities:** $41145459.50

**Net Assets:** $921076980.74

**Cash Not Reported:** $615802544.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215439 | -7.40%               | -22.70%              | 35.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-5104425.06                               |
| Month 2  | $687001.98               | $-23749509.65                              |
| Month 3  | $1167763.04              | $9255978.75                                |

**Designated Index Information**

- **Index Name:** North American Marijuana Index

- **Index Identifier:** NAMMAR Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CANTOR FITZGERALD & CO.               | TRS GROWN ROGUE INTERNATIONAL INC | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $331191.28    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS VIREO GROWTH INC              | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $513936.08    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS VERANO HOLDINGS CORP/NV       | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $246417.59    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $1310353.44   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2093173.68  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS TERRASCEND CORP               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1327620.80  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS TRANSCEND THERAPEUTICS INC    | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $1775089.83   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1022698.67  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS GROWN ROGUE INTERNATIONAL INC | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $66997.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS VERANO HOLDINGS CORP/NV       | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $6371805.09   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-414962.32   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS JUSHI HOLDINGS INC            | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-516907.04   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS TERRASCEND CORP               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $550341.31    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS C21 INVESTMENTS INC           | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $608404.67    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $18327954.55  | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS C21 INVESTMENTS INC           | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $1142782.53   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS PLANET 13 HOLDINGS INC        | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $-236338.94   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS PLANET 13 HOLDINGS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-592760.84   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS VERANO HOLDINGS CORP/NV       | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1234291.25  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS MARIMED INC                   | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-119556.38   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS C21 INVESTMENTS INC           | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $114139.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $1142696.98   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS CANNABIST CO HOLDINGS INC/THE | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $191700.28    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS JUSHI HOLDINGS INC            | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $287475.60    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS PLANET 13 HOLDINGS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $47203.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS JUSHI HOLDINGS INC            | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $2858105.33   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS CURALEAF HOLDINGS INC         | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $4832034.42   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA               | TRS CANNABIST CO HOLDINGS INC/THE | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | N/A              | DE               | CORP              | CA        |         1 | NC      | $-82701.79    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS CURALEAF HOLDINGS INC         | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-20229620.52 | -2.20%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS ASCEND WELLNESS HOLDINGS INC  | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-174052.66   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $7411696.41   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-111717.74   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS TERRASCEND CORP               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-353404.91   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS COLUMBIA CARE INC             | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-520313.16   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC. | TRS JUSHI HOLDINGS INC            | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | N/A              | DE               | CORP              | US        |         1 | NC      | $2226415.21   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $8501698.76   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2163642.32  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $1744780.32   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC. | TRS GREEN THUMB INDUSTRIES INC    | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | N/A              | DE               | CORP              | US        |         1 | NC      | $2323320.77   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2069845.12  | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $5739755.58   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS C21 INVESTMENTS INC           | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $9694.20      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $6242202.73   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS PLANET 13 HOLDINGS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-37395.52    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD & CO.               | TRS VIREO GROWTH INC              | CUSIP: 000000000<br>LEI: 5493004J7H4GCPG6OB62 | N/A              | DE               | CORP              | US        |         1 | NC      | $321007.11    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS CURALEAF HOLDINGS INC         | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $1434495.37   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA SECURITIES INTERNATIONAL, INC. | TRS VERANO HOLDINGS CORP/NV       | CUSIP: 000000000<br>LEI: OXTKY6Q8X53C9ILVV871 | N/A              | DE               | CORP              | US        |         1 | NC      | $-642642.10   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS CRESCO LABS INC               | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $2187954.52   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-1681274.55  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK TREASURY TRUST              | BLACKROCK TREASURY TRUST          | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 114489344 | NS      | $114489343.74 | 12.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Hempfusion Wellness Inc               | Hempfusion Wellness Inc           | CUSIP: 423821107<br>LEI: 549300IKC8T8NTH4GY17 | Long             | EC               | CORP              | CA        |   2388103 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Farms International In        | Village Farms International Inc   | CUSIP: 92707Y108<br>LEI: 529900TR69X5FFZ6K955 | Long             | EC               | CORP              | CA        |   3755829 | NS      | $13708775.85  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Curaleaf Holdings Inc                 | Curaleaf Holdings Inc             | CUSIP: 23126M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  29315784 | NS      | $73875775.68  | 8.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TerrAscend Corp                       | TerrAscend Corp                   | CUSIP: 88105E108<br>LEI: 529900Z66HBZ5381EO49 | Long             | EC               | CORP              | CA        |  40219531 | NS      | $28958062.32  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluent Corp                           | Fluent Corp                       | CUSIP: 34380L102<br>LEI: 894500OFN8DA1XPGMT54 | Long             | EC               | CORP              | US        |   5163788 | NS      | $258705.78    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS GLASS HOUSE BRANDS INC        | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $2772546.44   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| DREY INST PREF GOV MM-M               | DREY INST PREF GOV MM-M           | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |      2275 | NS      | $2274.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SNDL Inc                              | SNDL Inc                          | CUSIP: 83307B101<br>LEI: 984500EBVC4BEACF6F53 | Long             | EC               | CORP              | CA        |   2543296 | NS      | $4221871.36   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| MAREX CAPITAL MARKETS INC.            | TRS TRULIEVE CANNABIS CORP        | CUSIP: 000000000<br>LEI: 5493006BWPDUCYG6EQ34 | N/A              | DE               | CORP              | US        |         1 | NC      | $29200705.06  | 3.17%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                            | TRS VEXT SCIENCE INC              | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-225274.27   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC              | TRS CURALEAF HOLDINGS INC         | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-4608916.27  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-21

**Name of Applicant:** AdvisorShares Trust

**Signature:** Dan Ahrens

**Name of Signer:** Dan Ahrens

**Title:** Secretary and Treasurer