# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0000940400-26-007284
**Filing Date:** 2026-2
**Character Count:** 24349
**Document Hash:** 5cab7251935fa55e9ccd8706d15d88c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-007284.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000940400-26-007284

**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:** 26664881

**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 Ranger Equity Bear ETF (Series ID: S000030090)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000092409 | AdvisorShares Ranger Equity Bear ETF | HDGE            |

## 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 Ranger Equity Bear ETF

- **b. EDGAR series identifier (if any):** S000030090

- **c. LEI of Series:** 5493002XL8HC1EE2BT77

**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:** $105291949.79

**Total Liabilities:** $50821536.33

**Net Assets:** $54470413.46

**Cash Not Reported:** $64152493.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092409 | 2.50%                | 1.04%                | -1.17%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $323892.78               | $889721.87                                 |
| Month 2  | $2911621.90              | $-2732669.86                               |
| Month 3  | $-1601051.25             | $391040.90                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (Price)

- **Index Identifier:** 500

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ExlService Holdings Inc                                              | ExlService Holdings Inc                                              | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Short            | EC               | CORP              | US        |    -35000 | NS      | $-1485400.00  | -2.73%            |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                                            | Crocs Inc                                                            | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-855200.00   | -1.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                                       | Atlassian Corp                                                       | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Short            | EC               | CORP              | AU        |     -5000 | NS      | $-810700.00   | -1.49%            |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                                                       | DraftKings Inc                                                       | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-689200.00   | -1.27%            |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc                                                    | PC Connection Inc                                                    | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Short            | EC               | CORP              | US        |    -13000 | NS      | $-750880.00   | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                                             | Bank OZK                                                             | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Short            | EC               | CORP              | US        |    -45000 | NS      | $-2070900.00  | -3.80%            |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                                        | Cable One Inc                                                        | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-789950.00   | -1.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                                                    | Post Holdings Inc                                                    | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-792400.00   | -1.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                                   | Equity Residential                                                   | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-945600.00   | -1.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                                       | Whirlpool Corp                                                       | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-721400.00   | -1.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                                                 | Smurfit WestRock PLC                                                 | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Short            | EC               | CORP              | IE        |    -20000 | NS      | $-773400.00   | -1.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp                                               | Credit Acceptance Corp                                               | CUSIP: 225310101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4500 | NS      | $-1995570.00  | -3.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                                     | Zions Bancorp NA                                                     | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-585400.00   | -1.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                                           | Stanley Black & Decker Inc                                           | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-1857000.00  | -3.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                                                 | Blue Owl Capital Inc                                                 | CUSIP: 09581B103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -30000 | NS      | $-448200.00   | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                                         | Adtalem Global Education Inc                                         | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-310410.00   | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                                            | Caesars Entertainment Inc                                            | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |    -50000 | NS      | $-1169500.00  | -2.15%            |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I                                       | PNC Financial Services Group Inc/The                                 | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-626190.00   | -1.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                                                    | Lithia Motors Inc                                                    | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-996990.00   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                             | Western Alliance Bancorp                                             | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Short            | EC               | CORP              | US        |    -12000 | NS      | $-1008840.00  | -1.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                                        | Dynatrace Inc                                                        | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Short            | EC               | CORP              | US        |    -23000 | NS      | $-996820.00   | -1.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                                                       | Cava Group Inc                                                       | CUSIP: 148929102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -10000 | NS      | $-586900.00   | -1.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc                                              | Strategic Education Inc                                              | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Short            | EC               | CORP              | US        |    -15000 | NS      | $-1203000.00  | -2.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                                                | Avis Budget Group Inc                                                | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Short            | EC               | CORP              | US        |     -6000 | NS      | $-769920.00   | -1.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                                                | Alkami Technology Inc                                                | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Short            | EC               | CORP              | US        |    -60000 | NS      | $-1384200.00  | -2.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                           | Carvana Co                                                           | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Short            | EC               | CORP              | US        |     -2500 | NS      | $-1055050.00  | -1.94%            |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                                                            | nCino Inc                                                            | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-769200.00   | -1.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                                              | Zebra Technologies Corp                                              | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-971280.00   | -1.78%            |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                                      | T-Mobile US Inc                                                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-812160.00   | -1.49%            |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                              | UDR Inc                                                              | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Short            | EC               | CORP              | US        |    -25000 | NS      | $-917000.00   | -1.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings                                       | Cogent Communications Holdings Inc                                   | CUSIP: 19239V302<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -20000 | NS      | $-431200.00   | -0.79%            |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                                        | Maplebear Inc                                                        | CUSIP: 565394103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -30000 | NS      | $-1349400.00  | -2.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                                        | Jefferies Financial Group Inc                                        | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Short            | EC               | CORP              | US        |    -18000 | NS      | $-1115460.00  | -2.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                                          | Penske Automotive Group Inc                                          | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-791450.00   | -1.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                            | Occidental Petroleum Corp                                            | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-822400.00   | -1.51%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                                             | Constellation Brands Inc                                             | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Short            | EC               | CORP              | US        |     -7000 | NS      | $-965720.00   | -1.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Klarna Group PLC                                                     | Klarna Group PLC                                                     | CUSIP: 000000000<br>LEI: 636700HER4JIK7GZUN17 | Short            | EC               | CORP              | GB        |    -20000 | NS      | $-578200.00   | -1.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                                           | Commerce Bancshares Inc/MO                                           | CUSIP: 200525103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -21000 | NS      | $-1099140.00  | -2.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                          | NVIDIA Corp                                                          | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-932500.00   | -1.71%            |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                                              | IAC Inc                                                              | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-1173000.00  | -2.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                                   | Realty Income Corp                                                   | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Short            | EC               | CORP              | US        |    -20000 | NS      | $-1127400.00  | -2.07%            |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                                         | DoorDash Inc                                                         | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-905920.00   | -1.66%            |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                                          | CDW Corp/DE                                                          | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Short            | EC               | CORP              | US        |    -10000 | NS      | $-1362000.00  | -2.50%            |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III | FIDELITY INSTITUTIONAL MONEY MARKET GOVERNMENT PORTFOLIO ? CLASS III | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  41001202 | NS      | $41001202.28  | 75.27%            |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                            | MGM Resorts International                                            | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Short            | EC               | CORP              | US        |    -30000 | NS      | $-1094700.00  | -2.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                                               | Paylocity Holding Corp                                               | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Short            | EC               | CORP              | US        |     -4500 | NS      | $-686250.00   | -1.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                                             | Digital Realty Trust Inc                                             | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-1237680.00  | -2.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                           | Diageo PLC                                                           | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Short            | EC               | CORP              | GB        |    -10000 | NS      | $-862700.00   | -1.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                                          | Asbury Automotive Group Inc                                          | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-930120.00   | -1.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                                          | Paychex Inc                                                          | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-897440.00   | -1.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Co                                       | Peapack-Gladstone Financial Corp                                     | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Short            | EC               | CORP              | US        |    -35000 | NS      | $-974750.00   | -1.79%            |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                                     | CoStar Group Inc                                                     | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Short            | EC               | CORP              | US        |    -13000 | NS      | $-874120.00   | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                                          | Banner Corp                                                          | CUSIP: 06652V208<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -12000 | NS      | $-751920.00   | -1.38%            |  |  |  | No            |                  1 | 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