# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0000910472-25-004122
**Filing Date:** 2025-11
**Character Count:** 16776
**Document Hash:** e6dbc240dbb41f37a8e3cf2dfae486c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004122.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004122

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204

**ORGANIZATION NAME:**
- **EIN:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 251524218

**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:** 303-623-2577

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Select Equity ETF (Series ID: S000080591)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000243104 | Segall Bryant & Hamill Select Equity ETF | USSE            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **SEGALL BRYANT & HAMILL SELECT EQUITY ETF** | **SEGALL BRYANT & HAMILL SELECT EQUITY ETF** | **SEGALL BRYANT & HAMILL SELECT EQUITY ETF** |
| **STATEMENT OF INVESTMENTS** | **STATEMENT OF INVESTMENTS** | **STATEMENT OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.0%** | **Shares** | **Value** |
| **Communication Services - 16.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Media & Entertainment - 16.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class C | &nbsp;&nbsp;109514 | &nbsp;&nbsp;$26672135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp;24221 | &nbsp;&nbsp;17787418 |
|  |  | &nbsp;&nbsp;44459553 |
| **Consumer Discretionary - 12.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Consumer Discretionary Distribution & Retail - 12.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. <sup>(a)</sup> | &nbsp;&nbsp;64179 | &nbsp;&nbsp;14091783 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc. <sup>(a)</sup> | &nbsp;&nbsp;93938 | &nbsp;&nbsp;10127456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TJX Cos., Inc. (The) | &nbsp;&nbsp;69193 | &nbsp;&nbsp;10001156 |
|  |  | &nbsp;&nbsp;34220395 |
| **Financials - 21.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Banks - 4.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | &nbsp;&nbsp;42099 | &nbsp;&nbsp;13279287 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Financial Services - 6.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp;50215 | &nbsp;&nbsp;17142397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Insurance - 10.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Globe Life, Inc. | &nbsp;&nbsp;109721 | &nbsp;&nbsp;15686812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinsurance Group of America, Inc. | &nbsp;&nbsp;67071 | &nbsp;&nbsp;12886351 |
|  |  | &nbsp;&nbsp;28573163 |
| **Health Care - 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Health Care Equipment & Services - 3.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boston Scientific Corp. <sup>(a)</sup> | &nbsp;&nbsp;91620 | &nbsp;&nbsp;8944860 |
| **Industrials - 4.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Capital Goods - 4.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ATI, Inc. <sup>(a)</sup> | &nbsp;&nbsp;144507 | &nbsp;&nbsp;11754199 |
| **Information Technology - 41.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors & Semiconductor Equipment - 8.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc. | &nbsp;&nbsp;13366 | &nbsp;&nbsp;12305274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;63922 | &nbsp;&nbsp;11926567 |
|  |  | &nbsp;&nbsp;24231841 |

---

---

| | | |
|:---|:---|:---|
| **SEGALL BRYANT & HAMILL SELECT EQUITY ETF** | **SEGALL BRYANT & HAMILL SELECT EQUITY ETF** | **SEGALL BRYANT & HAMILL SELECT EQUITY ETF** |
| **STATEMENT OF INVESTMENTS (Continued)** | **STATEMENT OF INVESTMENTS (Continued)** | **STATEMENT OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 99.0% (Continued)** | **Shares** | **Value** |
| **Information Technology - 41.2% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Software & Services - 16.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc. <sup>(a)</sup> | &nbsp;&nbsp;24969 | &nbsp;&nbsp;$8770611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;39330 | &nbsp;&nbsp;20370974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc. <sup>(a)</sup> | &nbsp;&nbsp;40655 | &nbsp;&nbsp;8278171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ServiceNow, Inc. <sup>(a)</sup> | &nbsp;&nbsp;9512 | &nbsp;&nbsp;8753703 |
|  |  | &nbsp;&nbsp;46173459 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Technology Hardware & Equipment - 15.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;70661 | &nbsp;&nbsp;17992410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arista Networks, Inc. <sup>(a)</sup> | &nbsp;&nbsp;90907 | &nbsp;&nbsp;13246059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Motorola Solutions, Inc. | &nbsp;&nbsp;24871 | &nbsp;&nbsp;11373260 |
|  |  | &nbsp;&nbsp;42611729 |
| **Investments at Value - 99.0%** (Cost $229,303,088) | **Investments at Value - 99.0%** (Cost $229,303,088) | &nbsp;&nbsp;$271390883 |
| **Other Assets in Excess of Liabilities - 1.0%** | **Other Assets in Excess of Liabilities - 1.0%** | &nbsp;&nbsp;2656347 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$274047230 |

---

<br> <sup>(a)</sup> Non-income producing security.

The Fund's sector and industry classifications presented herein refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. For Fund compliance purposes, sector and industry classifications are based on the sector and industry categorization methodology of Segall Bryant & Hamill, LLC (the "Adviser"), the adviser to the Fund. This definition may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease. Industries are shown as a percentage of net assets.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

- **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:** SEGALL BRYANT & HAMILL SELECT EQUITY ETF

- **b. EDGAR series identifier (if any):** S000080591

- **c. LEI of Series:** 5493000N5VSVLJMO6F95

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $274281134.94

**Total Liabilities:** $233904.71

**Net Assets:** $274047230.23

**Cash Not Reported:** $2751842.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243104 | 0.93%                | -0.49%               | 3.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $78318.57                | $2377392.97                                |
| Month 2  | $609695.59               | $-1932915.19                               |
| Month 3  | $-1397220.33             | $9529123.36                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Palo Alto Networks Inc                     | Palo Alto Networks, Inc.           | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     40655 | NS      | $8278171.10   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.               | Cadence Design Systems, Inc.       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     24969 | NS      | $8770610.94   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated | Reinsurance Group of America, Inc. | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     67071 | NS      | $12886351.23  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Company           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     42099 | NS      | $13279287.57  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                 | Apple, Inc.                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     70661 | NS      | $17992410.43  | 6.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                           | Amazon.com, Inc.                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     64179 | NS      | $14091783.03  | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation              | Boston Scientific Corporation      | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     91620 | NS      | $8944860.60   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                             | Globe Life, Inc.                   | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |    109721 | NS      | $15686811.37  | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                               | NVIDIA Corporation                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     63922 | NS      | $11926566.76  | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                             | ServiceNow, Inc.                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      9512 | NS      | $8753703.36   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                   | Visa, Inc.                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     50215 | NS      | $17142396.70  | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                   | O'Reilly Automotive, Inc.          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     93938 | NS      | $10127455.78  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                     | Motorola Solutions, Inc.           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     24871 | NS      | $11373259.59  | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                     | TJX Companies, Inc. (The)          | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     69193 | NS      | $10001156.22  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                    | ATI, Inc.                          | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |    144507 | NS      | $11754199.38  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc.              | Monolithic Power Systems, Inc.     | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |     13366 | NS      | $12305274.24  | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                         | Meta Platforms, Inc.               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     24221 | NS      | $17787417.98  | 6.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                              | Alphabet, Inc.                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    109514 | NS      | $26672134.70  | 9.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                        | Arista Networks, Inc.              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     90907 | NS      | $13246058.97  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                            | Microsoft Corporation              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     39330 | NS      | $20370973.50  | 7.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** SBH Select Equity ETF

**Signature:** Daniel D. Bauer

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

**Title:** Assistant Treasurer