Centaur Mutual Funds Trust NPORT-P Dcm/innova High Equity Income Innovation (Jan 2024 report)

DCM/INNOVA

High

Equity

Income

Innovation

Fund

Schedule

of

Investments

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

100.06%

Shares

Fair

Value

Communications

—

7.53%

Alphabet,

Inc.,

Class

A

(a)

(b)

2,000‌

$

280,200‌

Electronic

Arts,

Inc.

(b)

2,000‌

275,160‌

Meta

Platforms,

Inc.,

Class

A

(a)

(b)

700‌

273,098‌

828,458‌

Consumer

Discretionary

—

4.43%

Amazon.com,

Inc.

(a)

(b)

2,000‌

310,400‌

Home

Depot,

Inc.

(The)

(b)

500‌

176,480‌

486,880‌

Consumer

Staples

—

5.56%

Costco

Wholesale

Corp.

(b)

500‌

347,440‌

Wal-Mart

Stores,

Inc.

(b)

1,600‌

264,400‌

611,840‌

Energy

—

19.12%

Chevron

Corp.

(b)

1,500‌

221,145‌

ConocoPhillips

(b)

2,500‌

279,675‌

EOG

Resources,

Inc.

(b)

3,000‌

341,370‌

EQT

Corp.

(b)

9,000‌

318,600‌

Occidental

Petroleum

Corp.

(b)

5,000‌

287,850‌

Schlumberger

Ltd.

(b)

7,000‌

340,900‌

Williams

Companies,

Inc.

(The)

(b)

9,000‌

311,940‌

2,101,480‌

Financials

—

7.30%

Bank

of

America

Corp.

(b)

8,000‌

272,080‌

Berkshire

Hathaway,

Inc.,

Class

B

(a)

(b)

700‌

268,618‌

Prudential

Financial,

Inc.

(b)

2,500‌

262,325‌

803,023‌

Health

Care

—

18.26%

Amgen,

Inc.

(b)

1,000‌

314,260‌

Bristol-Myers

Squibb

Co.

(b)

4,000‌

195,480‌

Danaher

Corp.

(b)

1,000‌

239,910‌

Eli

Lilly

&

Co.

(b)

500‌

322,805‌

Johnson

&

Johnson

(b)

2,000‌

317,800‌

Merck

&

Co.,

Inc.

(b)

3,000‌

362,340‌

UnitedHealth

Group,

Inc.

(b)

500‌

255,870‌

2,008,465‌

Industrials

—

6.62%

Caterpillar,

Inc.

(b)

600‌

180,186‌

Emerson

Electric

Co.

(b)

2,000‌

183,460‌

Raytheon

Technologies

Corp.

(b)

4,000‌

364,480‌

728,126‌

Materials

—

5.99%

Franco-Nevada

Corp.

(b)

2,000‌

216,500‌

Newmont

Corp.

(b)

4,000‌

138,040‌

Sherwin-Williams

Co.

(The)

(b)

1,000‌

304,380‌

658,920‌

DCM/INNOVA

High

Equity

Income

Innovation

Fund

Schedule

of

Investments

(continued)

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

100.06%

-

continued

Shares

Fair

Value

Technology

—

19.91%

Advanced

Micro

Devices,

Inc.

(a)

(b)

1,500‌

$

251,535‌

Apple,

Inc.

(b)

2,000‌

368,800‌

Cisco

Systems,

Inc.

(b)

5,000‌

250,900‌

Intel

Corp.

(b)

6,000‌

258,480‌

Microsoft

Corp.

(b)

800‌

318,064‌

NVIDIA

Corp.

(b)

500‌

307,635‌

Texas

Instruments,

Inc.

(b)

1,000‌

160,120‌

Visa,

Inc.,

Class

A

(b)

1,000‌

273,260‌

2,188,794‌

Utilities

—

5.34%

Duke

Energy

Corp.

(b)

2,500‌

239,575‌

Southern

Co.

(The)

(b)

5,000‌

347,600‌

587,175‌

Total

Common

Stocks

(Cost $9,348,854)

11,003,161‌

RIGHTS

-

0.00%

ABIOMED,

Inc.

(c)

9‌

–‌

Total

Rights

Cost

($–)

–‌

MONEY

MARKET

FUNDS

-

0.60%

First

American

Treasury

Obligations

Fund,

Class

X,

5.25%

(d)

66,403‌

66,403‌

Total

Money

Market

Funds

(Cost

$66,403)

66,403‌

Total

Investments

—

100.66%

(Cost

$9,415,257)

11,069,564‌

Liabilities

in

Excess

of

Other

Assets — (0.66)%

(72,595‌)

NET

ASSETS

—

100.00%

$

10,996,969‌

(a)

Non-income

producing

security.

(b)

All

or

a

portion

of

the

security

is

held

as

collateral

for

written

options.

(c)

Security

is

being

fair

valued

in

accordance

with

the

Trust's

fair

valuation

policies

and

represents

0.00%

of

the

Fund's

net

assets.

(d)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2024.

DCM/INNOVA

High

Equity

Income

Innovation

Fund

Schedule

of

Written

Options

January

31,

2024

(Unaudited)

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Fair

Value

WRITTEN

OPTIONS

-

(3.14)%

WRITTEN

CALL

OPTIONS

-

(3.14)%

Advanced

Micro

Devices,

Inc.

(15)

$

(251,535

)

$

165.00

February

2024

$

(11,625

)

Alphabet,

Inc.,

Class

A

(20)

(280,200

)

135.00

February

2024

(13,400

)

Amazon.com,

Inc.

(20)

(310,400

)

155.00

February

2024

(12,800

)

Amgen,

Inc.

(10)

(314,260

)

300.00

February

2024

(17,000

)

Apple,

Inc.

(20)

(368,800

)

190.00

February

2024

(4,840

)

Bank

of

America

Corp.

(80)

(272,080

)

32.00

February

2024

(17,760

)

Berkshire

Hathaway,

Inc.,

Class

B

(7)

(268,618

)

365.00

February

2024

(14,770

)

Bristol-Myers

Squibb

Co.

(40)

(195,480

)

51.00

February

2024

(2,760

)

Caterpillar,

Inc.

(6)

(180,186

)

280.00

February

2024

(15,114

)

Chevron

Corp.

(15)

(221,145

)

150.00

February

2024

(2,910

)

Cisco

Systems,

Inc.

(50)

(250,900

)

52.50

February

2024

(2,700

)

ConocoPhillips

(25)

(279,675

)

120.00

February

2024

(1,325

)

Costco

Wholesale

Corp.

(5)

(347,440

)

680.00

February

2024

(10,000

)

Danaher

Corp.

(10)

(239,910

)

230.00

February

2024

(12,600

)

Duke

Energy

Corp.

(25)

(239,575

)

95.00

February

2024

(5,425

)

Electronic

Arts,

Inc.

(20)

(275,160

)

140.00

February

2024

(2,400

)

Eli

Lilly

&

Co.

(5)

(322,805

)

610.00

February

2024

(21,890

)

Emerson

Electric

Co.

(20)

(183,460

)

95.00

February

2024

(2,500

)

EOG

Resources,

Inc.

(30)

(341,370

)

118.50

February

2024

(2,700

)

EQT

Corp.

(90)

(318,600

)

37.50

February

2024

(4,410

)

Franco-Nevada

Corp.

(20)

(216,500

)

115.00

February

2024

(1,760

)

Home

Depot,

Inc.

(The)

(5)

(176,480

)

355.00

February

2024

(2,725

)

DCM/INNOVA

High

Equity

Income

Innovation

Fund

Schedule

of

Written

Options

(continued)

January

31,

2024

(Unaudited)

(3.14)%

-

continued

Intel

Corp.

(60)

$

(258,480

)

$

47.00

February

2024

$

(900

)

Johnson

&

Johnson

(20)

(317,800

)

160.00

February

2024

(3,040

)

Merck

&

Co.,

Inc.

(30)

(362,340

)

110.00

February

2024

(35,850

)

Meta

Platforms,

Inc.,

Class

A

(7)

(273,098

)

370.00

February

2024

(20,181

)

Microsoft

Corp.

(8)

(318,064

)

395.00

February

2024

(7,440

)

Newmont

Corp.

(40)

(138,040

)

36.00

February

2024

(1,640

)

NVIDIA

Corp.

(5)

(307,635

)

555.00

February

2024

(32,275

)

Occidental

Petroleum

Corp.

(50)

(287,850

)

60.00

February

2024

(3,200

)

Prudential

Financial,

Inc.

(25)

(262,325

)

100.00

February

2024

(14,000

)

Raytheon

Technologies

Corp.

(40)

(364,480

)

90.00

February

2024

(9,160

)

Schlumberger

Ltd.

(70)

(340,900

)

50.00

February

2024

(4,130

)

Sherwin-Williams

Co.

(The)

(10)

(304,380

)

300.00

February

2024

(9,700

)

Southern

Co.

(The)

(50)

(347,600

)

70.00

February

2024

(5,000

)

Texas

Instruments,

Inc.

(10)

(160,120

)

170.00

February

2024

(540

)

UnitedHealth

Group,

Inc.

(5)

(255,870

)

525.00

February

2024

(1,775

)

Visa,

Inc.

(10)

(273,260

)

270.00

February

2024

(6,150

)

Wal-Mart

Stores,

Inc.

(16)

(264,400

)

165.00

February

2024

(4,032

)

Williams

Companies,

Inc.

(The)

(90)

(311,940

)

36.00

February

2024

(3,150

)

Total

Written

Call

Options

(Premiums

Received

$298,664)

(345,577

)

Total

Written

Options

(Premiums

Received

$298,664)

$

(345,577

)

Lebenthal

Ultra

Short

Tax-Free

Income

Fund

Schedule

of

Investments

January

31,

2024

(Unaudited)

MUNICIPAL

BONDS

—

86.16%

Principal

Amount

Fair

Value

Connecticut

-

4.49%

University

of

Connecticut

General

Obligation

Bonds,

Series

2014

A,

5.00

%,

2/15/2031

$

455,000‌

$

455,308‌

District

of

Columbia

-

2.96%

District

of

Columbia

Carnegie

Endowment

for

International

Peace

Revenue

Bonds,

Series

2006,

4.65

%,

11/1/2045

(a)

300,000‌

300,000‌

Florida

-

6.91%

JEA

Florida

Water

&

Sewer

System

Revenue

Refunding

Bonds,

Series

2008

A-2,

4.65

%,

10/1/2038

(a)

700,000‌

700,000‌

Massachusetts

-

9.37%

Massachusetts

State

Health

&

Educational

Facilities

Authority

Revenue

Bonds,

Series

2001

J-2,

3.70

%,

7/1/2031

(a)

300,000‌

300,000‌

Massachusetts

State

Housing

Finance

Agency

Housing

Revenue

Bonds,

Series

2018

200,

4.65

%,

12/1/2048

(a)

350,000‌

350,000‌

Massachusetts

Water

Resources

Authority

Revenue

Bonds,

Series

2008

E,

4.40

%,

8/1/2037

(a)

300,000‌

300,000‌

950,000‌

Minnesota

-

1.99%

Alden-Conger

Minnesota

Independent

School

District

#242

General

Obligation

Bonds,

Series

2023

B,

5.00

%,

9/30/2024

200,000‌

201,817‌

New

Mexico

-

5.92%

University

of

New

Mexico

Subordinate

Lien

System

Improvement

Revenue

Bonds,

Series

2001,

3.90

%,

6/1/2026

(a)

600,000‌

600,000‌

New

York

-

13.62%

Battery

Park

City

Authority

Junior

Revenue

Bonds,

Series

2019

D-1,

4.62

%,

11/1/2038

100,000‌

100,000‌

New

York

City

Trust

for

Cultural

Resources

Revenue

Bonds,

Series

2009

A,

4.62

%,

7/1/2032

(a)

150,000‌

150,000‌

New

York

City

Trust

for

Cultural

Resources

Revenue

Bonds,

Series

2006

A-2,

4.25

%,

10/1/2036

(a)

200,000‌

200,000‌

New

York

State

Energy

Research

&

Development

Authority

Facilities

Revenue

Bonds,

Series

2005

A-3,

3.75

%,

5/1/2039

(a)

300,000‌

300,000‌

New

York

State

Urban

Development

Corp

Revenue

Income

Tax

Revenue

Bonds,

Series

2014

A-B,

5.00

%,

3/15/2035

350,000‌

350,716‌

New

York,

New

York

General

Obligation

Bonds,

Series

2020

B-3,

4.01

%,

10/1/2046

(a)

280,000‌

280,000‌

1,380,716‌

Ohio

-

3.75%

Allen

County,

Ohio

Hospital

Facilities

Revenue

Bonds,

Series

2012

B,

4.10

%,

5/1/2036

(a)

380,000‌

380,000‌

Lebenthal

Ultra

Short

Tax-Free

Income

Fund

Schedule

of

Investments

(continued)

January

31,

2024

(Unaudited)

MUNICIPAL

BONDS

—

86.16%

-

continued

Principal

Amount

Fair

Value

Pennsylvania

-

8.63%

Philadelphia,

Pennsylvania

General

Obligation

Bonds,

Series

2019

B,

5.00

%,

2/1/2024

$

875,000‌

$

875,000‌

Tennessee

-

2.22%

Clarksville,

Tennessee

Public

Building

Authority

Pooled

Financing

Revenue

Bonds,

Series

1999,

4.96

%,

6/1/2029

(a)

225,000‌

225,000‌

Texas

-

21.37%

Fort

Bend

Independent

School

District

Variable

Rate

Unlimited

Tax

School

Building

Bonds,

Series

2022

B,

3.65

%,

8/1/2052

1,000,000‌

1,000,490‌

Hays

Consolidated

Independent

School

District

Unlimited

Tax

School

Building

General

Obligation

Bonds,

Series

2014,

5.00

%,

2/15/2032

1,000,000‌

1,000,629‌

Leander

Independent

School

District

Unlimited

Tax

Building

General

Obligation

Bonds,

Series

2023,

5.00

%,

2/15/2024

165,000‌

165,107‌

2,166,226‌

Virginia

-

4.93%

Fairfax

County,

Virginia

Economic

Development

Authority

Revenue

Bonds,

Series

2003

A,

4.25

%,

12/1/2033

(a)

500,000‌

500,000‌

Total

Municipal

Bonds

(Cost $8,732,895)

8,734,067‌

MONEY

MARKET

FUNDS

-

12.21%

Federated

Hermes

Institutional

Tax-Free

Cash

Trust,

Institutional

Shares,

4.30%

(b)

1,237,377‌

1,237,377‌

Total

Money

Market

Funds

(Cost

$1,237,377)

1,237,377‌

Total

Investments

—

98.37%

(Cost

$9,970,272)

9,971,444‌

Other

Assets

in

Excess

of

Liabilities — 1.63%

164,949‌

NET

ASSETS

—

100.00%

$

10,136,393‌

(a)

Variable

rate

security.

Interest

rate

resets

periodically.

The

rate

shown

is

the

effective

interest

rate

as

of

January

31,

2024.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2024.

Copley

Fund

Schedule

of

Investments

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

100.08%

Shares

Fair

Value

Communications

—

27.68%

Alphabet,

Inc.,

Class

A

(a)

23,210‌

$

3,251,721‌

Booking

Holdings,

Inc.

(a)

400‌

1,402,988‌

Comcast

Corp.,

Class

A

93,700‌

4,360,798‌

Liberty

Broadband

Corp.

-

Series

C

(a)

10,470‌

821,372‌

Liberty

Live

Group

-

Series

C

(a)

12,517‌

466,509‌

Liberty

Media

Corp-Liberty

SiriusXM

(a)

50,070‌

1,520,125‌

Meta

Platforms,

Inc.,

Class

A

(a)

14,400‌

5,618,015‌

Netflix,

Inc.

(a)

7,560‌

4,264,672‌

Verizon

Communications,

Inc.

50,500‌

2,138,675‌

Walt

Disney

Co.

(The)

53,005‌

5,091,130‌

28,936,005‌

Consumer

Discretionary

—

4.50%

McDonald's

Corp.

6,730‌

1,970,006‌

RH

(a)

10,770‌

2,729,979‌

4,699,985‌

Consumer

Staples

—

3.55%

PepsiCo,

Inc.

7,850‌

1,322,961‌

Philip

Morris

International,

Inc.

16,520‌

1,500,842‌

Procter

&

Gamble

Co.

(The)

5,650‌

887,841‌

3,711,644‌

Energy

—

6.29%

ConocoPhillips

10,900‌

1,219,383‌

Marathon

Petroleum

Corp.

21,790‌

3,608,424‌

Phillips

66

12,070‌

1,741,822‌

6,569,629‌

Financials

—

28.25%

American

Express

Co.

17,600‌

3,533,024‌

American

International

Group,

Inc.

63,300‌

4,399,983‌

Bank

of

America

Corp.

110,900‌

3,771,708‌

Berkshire

Hathaway,

Inc.,

Class

B

(a)

8,760‌

3,361,562‌

Goldman

Sachs

Group,

Inc.

(The)

9,560‌

3,671,136‌

JPMorgan

Chase

&

Co.

16,580‌

2,890,889‌

Morgan

Stanley

39,150‌

3,415,446‌

U.S.

Bancorp

27,220‌

1,130,719‌

Wells

Fargo

&

Co.

66,950‌

3,359,551‌

29,534,018‌

Health

Care

—

7.61%

AbbVie,

Inc.

17,000‌

2,794,800‌

CVS

Health

Corp.

41,380‌

3,077,431‌

Pfizer,

Inc.

76,730‌

2,077,848‌

7,950,079‌

Industrials

—

5.95%

Boeing

Co.

(The)

(a)

7,945‌

1,676,713‌

CSX

Corp.

65,220‌

2,328,354‌

Raytheon

Technologies

Corp.

24,310‌

2,215,127‌

6,220,194‌

Copley

Fund

Schedule

of

Investments

(continued)

January

31,

2024

(Unaudited)

COMMON

STOCKS

—

100.08%

-

continued

Shares

Fair

Value

Technology

—

16.25%

Apple,

Inc.

33,180‌

$

6,118,392‌

Microsoft

Corp.

18,350‌

7,295,593‌

Oracle

Corp.

32,000‌

3,574,400‌

16,988,385‌

Total

Common

Stocks

(Cost $84,522,938)

104,609,939‌

MONEY

MARKET

FUNDS

-

3.44%

Federated

Hermes

Treasury

Obligations

Fund,

Institutional

Shares,

5.19%

(b)

3,596,933‌

3,596,933‌

Total

Money

Market

Funds

(Cost

$3,596,933)

3,596,933‌

Total

Investments

—

103.52%

(Cost

$88,119,871)

108,206,872‌

Liabilities

in

Excess

of

Other

Assets — (3.52)%

(3,679,560‌)

NET

ASSETS

—

100.00%

$

104,527,312‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

January

31,

2024.