# EDGAR Filing Document

**Accession Number:** 0000764859
**File Stem:** 0001752724-23-074847
**Filing Date:** 2023-3
**Character Count:** 20599
**Document Hash:** 1ab914cd80b82c2f656e5289bec0f75d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-074847.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001752724-23-074847

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20230131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN PENSION INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000764859
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04262
- **FILM NUMBER:** 23783694

**BUSINESS ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551
- **BUSINESS PHONE:** 434-846-1361

**MAIL ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551

## Series and Classes Contracts Data

### YORKTOWN SMALL-CAP FUND (Series ID: S000053763)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000169010 | Class A             | YOVAX           |
| C000169012 | Class L             | YOVLX           |
| C000169013 | Institutional Class | YOVIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Pension Investors Trust

- **b. Investment Company Act file number:** 811-04262

- **c. CIK number of Registrant:** 0000764859

- **d. LEI of Registrant:** 549300XN7GOBVVCYXP64

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

  - **Street Address 1:** 2303 Yorktown Ave.

  - **City:** Lynchburg

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 24501

  - **Telephone number:** 434-846-1361

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

- **a. Name of Series:** YORKTOWN SMALL CAP FUND

- **b. EDGAR series identifier (if any):** S000053763

- **c. LEI of Series:** 54930008JUT6UXC3QX64

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

- **a. Date of fiscal year-end:** 2023-01-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $35927616.16

**Total Liabilities:** $56282.39

**Net Assets:** $35871333.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169013 | 2.61%                | -7.61%               | 9.21%                |
| Class ID C000169010 | -3.33%               | -12.90%              | 2.92%                |
| Class ID C000169012 | 2.57%                | -7.71%               | 9.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-244551.46              | $1142967.67                                |
| Month 2  | $-627886.99              | $-2011332.38                               |
| Month 3  | $-171958.40              | $3123235.90                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Kenon Holdings Ltd.                             | Kenon Holdings Ltd.                         | CUSIP: Y46717107<br>LEI: 254900N5LVBX92GMVN72 | Long             | EC               | CORP              | SG        |     13000 | NS      | $403650.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                     | Dick's Sporting Goods, Inc.                 | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      6200 | NS      | $810712.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Sinovac Biotech Ltd.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AG        |     74893 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.                   | Catalyst Pharmaceuticals, Inc.              | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     50000 | NS      | $774500.00    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc                      | United Community Banks, Inc.                | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     23200 | NS      | $754928.00    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                                | StoneX Group, Inc.                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      4400 | NS      | $386672.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Incorporation                  | Alaska Air Group, Inc.                      | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     11600 | NS      | $595544.00    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                         | Mueller Industries, Inc.                    | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     18866 | NS      | $1236666.30   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc.       | Knight-Swift Transportation Holdings, Inc.  | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7600 | NS      | $449160.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                           | Range Resources Corp.                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     19800 | NS      | $495396.00    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                  | Wintrust Financial Corp.                    | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      7400 | NS      | $676878.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas                   | Bank OZK                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      8700 | NS      | $397329.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcos Dorados Holdings Inc                      | Arcos Dorados Holdings Inc.                 | CUSIP: G0457F107<br>LEI: 54930023P2MIZN13DQ85 | Long             | EC               | CORP              | VG        |     44700 | NS      | $379950.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Perion Network Ltd                              | Perion Network Ltd.                         | CUSIP: M78673114<br>LEI: 529900SL7HYNVD6HG708 | Long             | EC               | CORP              | IL        |     45900 | NS      | $1537650.00   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                    | Mattel, Inc.                                | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     18100 | NS      | $370326.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                      | Northern Oil and Gas, Inc.                  | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     10900 | NS      | $365368.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaalco Energy Inc                               | VAALCO Energy, Inc.                         | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Long             | EC               | CORP              | US        |     67100 | NS      | $312015.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Docgo Inc                                       | DocGo, Inc.                                 | CUSIP: 256086109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50100 | NS      | $501000.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                      | Matson, Inc.                                | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     11100 | NS      | $733932.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                       | Jabil, Inc.                                 | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      9000 | NS      | $707670.00    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.                     | LPL Financial Holdings, Inc.                | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      7300 | NS      | $1730976.00   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corporation                            | Huntsman Corp.                              | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     22900 | NS      | $725701.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chico's FAS Inc.                                | Chico's FAS, Inc.                           | CUSIP: 168615102<br>LEI: 5299003ESGN5T1MFXY13 | Long             | EC               | CORP              | US        |    108100 | NS      | $569687.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                 | Morningstar, Inc.                           | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      4700 | NS      | $1141536.00   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation               | Lattice Semiconductor Corp.                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     13200 | NS      | $1000428.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                    | Tenet Healthcare Corp.                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     10200 | NS      | $559470.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp Puerto Rico                       | First BanCorp. (Puerto Rico)                | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     60400 | NS      | $812380.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtarget Inc                                  | TechTarget, Inc.                            | CUSIP: 87874R100<br>LEI: 529900YQA5JL2H2VMB84 | Long             | EC               | CORP              | US        |     20400 | NS      | $1010412.00   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc               | Alpha Metallurgical Resources, Inc.         | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $643720.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc                  | BJ's Wholesale Club Holdings, Inc.          | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     12900 | NS      | $934863.00    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc                                      | Buckle, Inc.                                | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |      8200 | NS      | $360800.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                            | FTI Consulting, Inc.                        | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      3300 | NS      | $526416.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.              | Kulicke & Soffa Industries, Inc.            | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |      7300 | NS      | $373030.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PennantPark Investment Corporation              | PennantPark Investment Corp.                | CUSIP: 708062104<br>LEI: 529900OK432R4C6NQQ73 | Long             | EC               | RF                | US        |     76700 | NS      | $455598.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                     | Novanta, Inc.                               | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | CA        |      8300 | NS      | $1340201.00   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                          | Amkor Technology, Inc.                      | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     21000 | NS      | $614460.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| American Equity Investment Life Holding Company | American Equity Investment Life Holding Co. | CUSIP: 025676206<br>LEI: 549300RK5RZQ740FPL83 | Long             | EC               | CORP              | US        |     15900 | NS      | $757635.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc.                                 | NV5 Global, Inc.                            | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10400 | NS      | $1386216.00   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinovac Biotech Lt                              | Sinovac Biotech Ltd.                        | CUSIP: P8696W104<br>LEI: 529900DOOGH8WKB2WL85 | Long             | EC               | CORP              | AG        |     74893 | NS      | $387945.74    | 1.08%             |  |  |  | No            |                  3 | On Loan: No      |
| Cleveland-Cliffs Inc                            | Cleveland-Cliffs, Inc.                      | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     63600 | NS      | $1357860.00   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp.                            | Uranium Energy Corp.                        | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |    100000 | NS      | $403000.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelcenters Of America Inc                    | TravelCenters of America, Inc.              | CUSIP: 89421B109<br>LEI: 529900FQY3V2OO9M4Z65 | Long             | EC               | CORP              | US        |      9300 | NS      | $423336.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.                       | Winnebago Industries, Inc.                  | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      8200 | NS      | $522176.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation                            | Repligen Corp.                              | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      5600 | NS      | $1037680.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                     | Rambus, Inc.                                | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     31500 | NS      | $1274805.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                             | Huntington Conservative Deposit Account     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2457152 | PA      | $2457151.92   | 6.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandridge Energy, Inc.                          | SandRidge Energy, Inc.                      | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |     18900 | NS      | $298809.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                       | Matador Resources Co.                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      5500 | NS      | $363880.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellia Therapeutics Inc                       | Intellia Therapeutics, Inc.                 | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |     12700 | NS      | $538988.00    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** American Pension Investors Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller