# EDGAR Filing Document

**Accession Number:** 0001587551
**File Stem:** 0000910472-25-003443
**Filing Date:** 2025-11
**Character Count:** 22606
**Document Hash:** c9829d4239cdb4386da067804ef5ebc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003443.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000910472-25-003443

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capitol Series Trust
- **CENTRAL INDEX KEY:** 0001587551

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22895
- **FILM NUMBER:** 251493285

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 5135873447

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### FullerThaler Behavioral Small-Mid Core Equity Fund (Series ID: S000063935)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000206936 | R6 Shares            | FTSFX           |
| C000206937 | A Shares             | FTSAX           |
| C000206938 | Institutional Shares | FTSIX           |
| C000225341 | C Shares             | FTWCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22895

- **c. CIK number of Registrant:** 0001587551

- **d. LEI of Registrant:** 549300MZI5K7U8BD2Q02

- **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:** FULLERTHALER BEHAVIORAL SMALL-MID CORE EQUITY

- **b. EDGAR series identifier (if any):** S000063935

- **c. LEI of Series:** 549300CGNJBF26Q67948

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $220932539.92

**Total Liabilities:** $200887.66

**Net Assets:** $220731652.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206937 | -4.01%               | -0.28%               | -6.51%               |
| Class ID C000225341 | -4.03%               | -0.30%               | -6.56%               |
| Class ID C000206936 | 1.90%                | 5.87%                | -0.78%               |
| Class ID C000206938 | 1.89%                | 5.84%                | -0.78%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1252650.82              | $2441271.70                                |
| Month 2  | $302896.55               | $11739206.81                               |
| Month 3  | $1644384.25              | $-3682863.50                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advance Auto Parts Inc.                  | Advance Auto Parts, Inc.                 | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     63600 | NS      | $3905040.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                      | Synchrony Financial                      | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     80855 | NS      | $5744747.75   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Reich & Tang Deposit Account             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   5062300 | PA      | $5062300.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion S.A.                               | Orion Engineered Carbons SA              | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |    325790 | NS      | $2469488.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corporation                       | Waters Corp.                             | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      5200 | NS      | $1559012.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc.               | American Assets Trust, Inc.              | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193355 | NS      | $3928973.60   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corporation           | Zebra Technologies Corp.                 | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     17780 | NS      | $5283504.80   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc           | First Financial Bankshares, Inc.         | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    116860 | NS      | $3932339.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc        | Gaming and Leisure Properties, Inc.      | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     57900 | NS      | $2698719.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                        | Hamilton Lane, Inc.                      | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     29295 | NS      | $3948673.05   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                              | Hologic Inc                              | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     42850 | NS      | $2891946.50   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.          | SS&C Technologies Holdings, Inc.         | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     54610 | NS      | $4847183.60   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware) | First Citizens BancShares, Inc.          | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      1785 | NS      | $3193650.60   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                              | NetApp, Inc.                             | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     25490 | NS      | $3019545.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality Reit Inc               | Apple Hospitality REIT, Inc.             | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    249690 | NS      | $2998776.90   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company               | New York Times Co./The                   | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     87430 | NS      | $5018482.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.         | Advanced Energy Industries, Inc.         | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     15380 | NS      | $2616753.20   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                          | PulteGroup, Inc.                         | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17800 | NS      | $2351914.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                       | Cirrus Logic, Inc.                       | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     22960 | NS      | $2876658.40   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                 | Comfort Systems USA, Inc.                | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      7380 | NS      | $6089828.40   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                | eBay, Inc.                               | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     62450 | NS      | $5679827.50   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                      | Leidos Holdings, Inc.                    | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     30050 | NS      | $5678248.00   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc               | Coca-Cola Bottling Company Consolidated  | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |     38500 | NS      | $4510660.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                        | Expedia, Inc.                            | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |     23280 | NS      | $4976100.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Co.                             | Marzetti Company/The                     | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     31240 | NS      | $5397959.60   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                            | Frontdoor, Inc.                          | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     83300 | NS      | $5605257.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp  PA    | First Commonwealth Financial Corp.       | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |    226140 | NS      | $3855687.00   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings Inc.                        | QCR Holdings, Inc.                       | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     44190 | NS      | $3342531.60   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                        | Masco Corp.                              | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     93875 | NS      | $6607861.25   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.            | Watts Water Technologies, Inc.           | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     15650 | NS      | $4370732.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc.                  | Power Integrations, Inc.                 | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     14080 | NS      | $566156.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis, Inc.                           | Exelixis, Inc.                           | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    145885 | NS      | $6025050.50   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                       | Coterra Energy, Inc.                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    195400 | NS      | $4621210.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                             | Allegion PLC                             | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     38360 | NS      | $6803146.00   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated           | Quest Diagnostics, Inc.                  | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      7480 | NS      | $1425538.40   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                              | Gentex Corp.                             | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    196345 | NS      | $5556563.50   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies, Inc.                | Akamai Technologies, Inc.                | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     45925 | NS      | $3479278.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                     | Steel Dynamics, Inc.                     | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     22200 | NS      | $3095346.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                            | Owens Corning                            | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     30270 | NS      | $4281994.20   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                      | Dentsply Sirona, Inc.                    | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |    238560 | NS      | $3027326.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                       | IPG Photonics Corp.                      | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     41260 | NS      | $3267379.40   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation               | Dollar General Corp.                     | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      9425 | NS      | $974073.75    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corporation   | Old Republic International Corp.         | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    131630 | NS      | $5590326.10   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                | Graco, Inc.                              | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     65270 | NS      | $5545339.20   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust        | National Storage Affiliates Trust        | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |    105490 | NS      | $3187907.80   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                            | Teradyne, Inc.                           | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     54035 | NS      | $7437377.40   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                    | Medpace Holdings, Inc.                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      8165 | NS      | $4198116.40   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                         | Concentrix Corp.                         | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      6765 | NS      | $312204.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc        | Allison Transmission Holdings, Inc.      | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     65925 | NS      | $5595714.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                 | Devon Energy Corp.                       | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    148804 | NS      | $5217068.24   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                    | Align Technology, Inc.                   | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      4350 | NS      | $544707.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                               | Matson, Inc.                             | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     40180 | NS      | $3961346.20   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp. | Science Applications International Corp. | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     33875 | NS      | $3366158.75   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                        | Brown & Brown, Inc.                      | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     30943 | NS      | $2902143.97   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                  | Live Oak Bancshares, Inc.                | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103962 | NS      | $3661541.64   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc.                              | Acuity Brands, Inc.                      | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4745 | NS      | $1634130.55   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Capitol Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller