Advisors Series Trust NPORT-P Capital Advisors Growth Fund (Mar 2023 report)

Capital Advisors Growth Fund
Schedule of Investments
at March 31, 2023 (Unaudited)
Shares			Value
		COMMON STOCKS - 92.29%
		Asset Management - 4.32%
	3,725	BlackRock, Inc.	$	2,492,472
	46,765	Brookfield Corp.#		1,524,071
				4,016,543
		Auto Manufacturers - 2.07%
	52,550	General Motors Co.		1,927,534
		Banks - Global - 4.29%
	30,645	JPMorgan Chase & Co.		3,993,350
		Biotechnology - 0.53%
	13,195	Intellia Therapeutics, Inc.*		491,778
		Business Services - 1.94%
	8,000	Visa, Inc. - Class A		1,803,680
		Business Software & Services - 6.56%
	21,150	Microsoft Corp.		6,097,545
		Catalog & Mail Order Houses - 3.47%
	31,270	Amazon.com, Inc.*		3,229,878
		Copper - 2.43%
	55,160	Freeport-McMoRan, Inc.		2,256,596
		Diagnostics & Research - 7.27%
	13,920	Danaher Corp.		3,508,397
	5,640	Thermo Fisher Scientific, Inc.		3,250,727
				6,759,124
		Discount Stores - 2.38%
	10,515	Dollar General Corp.		2,212,987
		Grocery Stores - 2.86%
	53,825	Kroger Co.		2,657,340
		Health Care Plans - 3.60%
	7,075	UnitedHealth Group, Inc.		3,343,574
		Information Technology Services - 4.50%
	14,640	Accenture Plc - Class A#		4,184,258
		Insurance - Diversified - 3.19%
	9,600	Berkshire Hathaway, Inc. - Class B*		2,964,192
		Internet Content and Information - 0.59%
	8,650	DoorDash, Inc. - Class A*		549,794
		Internet Information Providers - 4.67%
	2,400	Alphabet, Inc. - Class A*		248,952
	39,400	Alphabet, Inc. - Class C*+		4,097,600
				4,346,552
		Medical Devices - 2.05%
	6,675	Stryker Corp.		1,905,512
		Medical Instruments and Supplies - 1.67%
	6,083	Intuitive Surgical, Inc.*		1,554,024
		Oil and Gas Equipment and Services - 2.60%
	39,425	Halliburton Co.		1,247,407
	23,865	Schlumberger Ltd.#		1,171,772
				2,419,179
		Oil and Gas Exploration and Production - 2.57%
	11,705	Pioneer Natural Resources Co.		2,390,629
		Personal Computers - 5.97%
	33,665	Apple, Inc.		5,551,359
		Personal Products - 2.89%
	18,055	Procter & Gamble Co.		2,684,598
		Processed & Packaged Goods - 3.12%
	15,889	PepsiCo, Inc.		2,896,565
		Scientific Research & Development Services - 0.47%
	9,610	CRISPR Therapeutics AG#*		434,660
		Semiconductor Equipment & Materials - 7.30%
	20,365	Applied Materials, Inc.		2,501,433
	7,500	NVIDIA Corp.		2,083,275
	11,830	NXP Semiconductors N.V.#		2,205,999
				6,790,707
		Software - Application - 0.80%
	23,535	Uber Technologies, Inc. - Class A*		746,060
		Specialty Chemicals - 1.30%
	7,325	Ecolab, Inc.		1,212,507
		Specialty Industrial Machinery - 3.05%
	14,845	Honeywell International, Inc.		2,837,177
		Travel Services - 0.83%
	6,195	Airbnb, Inc. - Class A*		770,658
		Uranium - 1.40%
	49,600	Cameco Corp.#		1,298,032
		Waste Management - 1.60%
	9,125	Waste Management, Inc.		1,488,926
		Total Common Stocks (Cost $57,029,417)		85,815,318
		MONEY MARKET FUND - 8.53%
	7,927,184	First American Government Obligations Fund, Class X, 4.65%† (Cost $7,927,184)		7,927,184
		Total Investments in Securities (Cost $64,956,601) - 100.82%		93,742,502
		Liabilities in Excess of Other Assets - (0.82)%		(761,836	)
		Net Assets - 100.00%	$	92,980,666
		* Non-income producing security.
		# U.S. traded security of a foreign issuer.
		† Rate shown is the 7-day annualized yield as of March 31, 2023.
		+ Non-voting shares.

Capital Advisors Growth Fund

Summary of Fair Value Disclosure at March 31, 2023 (Unaudited)

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United

States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may

include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves,

default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions

about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the inputs used to value the Fund's investments as of March 31, 2023:

	Level 1		Level 2		Level 3		Total
Common Stocks
Basic Materials	$	3,469,103	$	-	$	-	$	3,469,103
Communication Services		549,794		-		-		549,794
Consumer Cyclical		2,698,192		-		-		2,698,192
Consumer Defensive		4,870,327		-		-		4,870,327
Consumer Goods		5,581,163		-		-		5,581,163
Energy		6,107,840		-		-		6,107,840
Financial		12,777,765		-		-		12,777,765
Healthcare		14,488,673		-		-		14,488,673
Industrial		4,326,102		-		-		4,326,102
Services		5,731,311		-		-		5,731,311
Technology		25,215,048		-		-		25,215,048
Total Common Stocks		85,815,318		-		-		85,815,318
Money Market Fund		7,927,184		-		-		7,927,184
Total Investments in Securities	$	93,742,502	$	-	$	-	$	93,742,502
Refer to the Fund’s schedule of investments for a detailed break-out of securities by industry classification.