ADVISORSHARES ALPHA DNA EQUITY SENTIMENT ETF
Schedule of Investments
March 31, 2023 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS – 97.6% | ||||||||
Airlines – 2.2% | ||||||||
Allegiant Travel Co.* | 5,037 | $ | 463,303 | |||||
Sun Country Airlines Holdings, Inc.* | 23,153 | 474,637 | ||||||
Total Airlines | 937,940 | |||||||
Auto Manufacturers – 1.0% | ||||||||
PACCAR, Inc. | 6,022 | 440,810 | ||||||
Banks – 12.9% | ||||||||
Associated Banc-Corp. | 23,461 | 421,829 | ||||||
Banner Corp. | 7,826 | 425,500 | ||||||
BOK Financial Corp. | 4,976 | 420,024 | ||||||
City Holding Co. | 4,757 | 432,316 | ||||||
Enterprise Financial Services Corp. | 9,324 | 415,757 | ||||||
First Commonwealth Financial Corp. | 33,502 | 416,430 | ||||||
FNB Corp. | 36,417 | 422,437 | ||||||
Heartland Financial USA, Inc. | 10,937 | 419,543 | ||||||
Lakeland Financial Corp. | 6,574 | 411,795 | ||||||
OFG Bancorp (Puerto Rico) | 16,457 | 410,438 | ||||||
Preferred Bank/Los Angeles CA | 7,674 | 420,612 | ||||||
Regions Financial Corp. | 23,416 | 434,601 | ||||||
S&T Bancorp, Inc. | 12,507 | 393,345 | ||||||
Total Banks | 5,444,627 | |||||||
Biotechnology – 1.1% | ||||||||
MacroGenics, Inc.* | 64,112 | 459,683 | ||||||
Building Materials – 1.0% | ||||||||
Trane Technologies PLC | 2,351 | 432,537 | ||||||
Commercial Services – 4.2% | ||||||||
AMN Healthcare Services, Inc.* | 5,020 | 416,459 | ||||||
Paylocity Holding Corp.* | 2,399 | 476,873 | ||||||
Stride, Inc.* | 10,862 | 426,334 | ||||||
United Rentals, Inc. | 1,142 | 451,958 | ||||||
Total Commercial Services | 1,771,624 | |||||||
Computers – 4.2% | ||||||||
Crowdstrike Holdings, Inc., Class A* | 3,225 | 442,664 | ||||||
Fortinet, Inc.* | 6,664 | 442,889 | ||||||
Hewlett Packard Enterprise Co. | 28,381 | 452,109 | ||||||
Zscaler, Inc.* | 3,796 | 443,487 | ||||||
Total Computers | 1,781,149 | |||||||
Cosmetics/Personal Care – 1.1% | ||||||||
elf Beauty, Inc.* | 5,370 | 442,219 | ||||||
Distribution/Wholesale – 1.0% | ||||||||
WW Grainger, Inc. | 636 | 438,083 | ||||||
Diversified Financial Services – 2.0% | ||||||||
Ameriprise Financial, Inc. | 1,366 | 418,679 | ||||||
Interactive Brokers Group, Inc., Class A | 5,355 | 442,109 | ||||||
Total Diversified Financial Services | 860,788 | |||||||
Electrical Components & Equipment – 1.0% | ||||||||
Belden, Inc. | 5,041 | 437,408 | ||||||
Electronics – 1.1% | ||||||||
Allegion PLC | 4,182 | 446,345 | ||||||
Food – 1.0% | ||||||||
Conagra Brands, Inc. | 11,461 | 430,475 | ||||||
Healthcare - Products – 4.1% | ||||||||
Exact Sciences Corp.* | 6,333 | 429,441 | ||||||
Hologic, Inc.* | 5,348 | 431,584 | ||||||
Inspire Medical Systems, Inc.* | 1,758 | 411,495 | ||||||
Lantheus Holdings, Inc.* | 5,281 | 435,999 | ||||||
Total Healthcare - Products | 1,708,519 | |||||||
Home Builders – 1.0% | ||||||||
Toll Brothers, Inc. | 7,256 | 435,578 | ||||||
Home Furnishings – 1.0% | ||||||||
Ethan Allen Interiors, Inc. | 15,814 | 434,252 | ||||||
Insurance – 1.0% | ||||||||
Kinsale Capital Group, Inc. | 1,447 | 434,317 | ||||||
Internet – 7.4% | ||||||||
Airbnb, Inc., Class A* | 3,611 | 449,208 | ||||||
Booking Holdings, Inc.* | 170 | 450,910 | ||||||
DoorDash, Inc., Class A* | 7,055 | 448,416 | ||||||
Meta Platforms, Inc., Class A* | 2,100 | 445,074 | ||||||
Okta, Inc.* | 5,128 | 442,239 | ||||||
Uber Technologies, Inc.* | 13,922 | 441,327 | ||||||
Wix.com Ltd. (Israel)* | 4,473 | 446,405 | ||||||
Total Internet | 3,123,579 | |||||||
Investment Companies – 4.1% | ||||||||
Ares Capital Corp.(a) | 23,933 | 437,376 | ||||||
Main Street Capital Corp.(a) | 10,807 | 426,444 | ||||||
Oaktree Specialty Lending Corp. | 22,901 | 429,852 | ||||||
Owl Rock Capital Corp.(a) | 34,227 | 431,602 | ||||||
Total Investment Companies | 1,725,274 | |||||||
Leisure Time – 1.1% | ||||||||
OneSpaWorld Holdings Ltd. (Bahamas)* | 36,905 | 442,491 | ||||||
Lodging – 2.1% | ||||||||
Boyd Gaming Corp. | 6,963 | 446,468 | ||||||
Marriott International, Inc., Class A | 2,706 | 449,304 | ||||||
Total Lodging | 895,772 | |||||||
Machinery - Diversified – 1.1% | ||||||||
AGCO Corp. | 3,325 | 449,540 | ||||||
Miscellaneous Manufacturing – 1.0% | ||||||||
Parker-Hannifin Corp. | 1,271 | 427,196 | ||||||
Office/Business Equipment – 1.1% | ||||||||
Zebra Technologies Corp., Class A* | 1,479 | 470,322 | ||||||
Oil & Gas Services – 2.1% | ||||||||
Liberty Energy, Inc. | 34,214 | 438,281 | ||||||
NOV, Inc. | 23,921 | 442,778 | ||||||
Total Oil & Gas Services | 881,059 | |||||||
Packaging & Containers – 1.1% | ||||||||
O-I Glass, Inc.* | 19,668 | 446,660 | ||||||
Pharmaceuticals – 1.0% | ||||||||
Revance Therapeutics, Inc.* | 13,470 | 433,869 | ||||||
Retail – 7.4% | ||||||||
Abercrombie & Fitch Co., Class A* | 17,086 | 474,136 | ||||||
Denny’s Corp.* | 39,463 | 440,407 | ||||||
Dick’s Sporting Goods, Inc. | 3,147 | 446,528 | ||||||
Genuine Parts Co. | 2,674 | 447,387 | ||||||
Shake Shack, Inc., Class A* | 7,986 | 443,143 | ||||||
Texas Roadhouse, Inc. | 4,064 | 439,156 | ||||||
Ulta Beauty, Inc.* | 819 | 446,904 | ||||||
Total Retail | 3,137,661 | |||||||
Savings & Loans – 3.0% | ||||||||
Axos Financial, Inc.* | 11,320 | 417,934 | ||||||
Berkshire Hills Bancorp, Inc. | 16,647 | 417,174 | ||||||
Washington Federal, Inc. | 14,101 | 424,722 | ||||||
Total Savings & Loans | 1,259,830 | |||||||
Semiconductors – 4.3% | ||||||||
Analog Devices, Inc. | 2,296 | 452,817 |
ADVISORSHARES ALPHA DNA EQUITY SENTIMENT ETF
Schedule of Investments (continued)
March 31, 2023 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS (continued) | ||||||||
Semiconductors (continued) | ||||||||
Lattice Semiconductor Corp.* | 4,673 | $ | 446,272 | |||||
Microchip Technology, Inc. | 5,472 | 458,444 | ||||||
NVIDIA Corp. | 1,604 | 445,543 | ||||||
Total Semiconductors | 1,803,076 | |||||||
Software – 11.7% | ||||||||
Alteryx, Inc., Class A* | 7,377 | 434,063 | ||||||
Ceridian HCM Holding, Inc.* | 6,398 | 468,462 | ||||||
Dynatrace, Inc.* | 10,824 | 457,855 | ||||||
Evolent Health, Inc., Class A* | 13,607 | 441,547 | ||||||
HashiCorp, Inc., Class A* | 15,293 | 447,932 | ||||||
HubSpot, Inc.* | 1,070 | 458,762 | ||||||
Monday.com Ltd.* | 3,102 | 442,810 | ||||||
NextGen Healthcare, Inc.* | 24,617 | 428,582 | ||||||
Nutanix, Inc., Class A* | 16,627 | 432,136 | ||||||
Paycor HCM, Inc.* | 17,525 | 464,763 | ||||||
Salesforce, Inc.* | 2,233 | 446,109 | ||||||
Total Software | 4,923,021 | |||||||
Telecommunications – 4.2% | ||||||||
Arista Networks, Inc.* | 2,536 | 425,693 | ||||||
Calix, Inc.* | 8,191 | 438,956 | ||||||
Ciena Corp.* | 8,762 | 460,180 | ||||||
Cisco Systems, Inc. | 8,425 | 440,417 | ||||||
Total Telecommunications | 1,765,246 | |||||||
Transportation – 3.0% | ||||||||
Ardmore Shipping Corp. (Ireland) | 28,073 | 417,446 | ||||||
FLEX LNG Ltd. (Norway) | 13,042 | 437,950 | ||||||
International Seaways, Inc. | 9,612 | 400,628 | ||||||
Total Transportation | 1,256,024 | |||||||
Venture Capital – 1.0% | ||||||||
Hercules Capital, Inc.(a) | 33,074 | 426,324 | ||||||
Total Common Stocks | ||||||||
(Cost $40,624,983) | 41,203,298 | |||||||
MONEY MARKET FUNDS – 2.5% | ||||||||
Dreyfus Institutional Treasury and Agency Cash Advantage Fund, 4.71%(b) | 519 | 519 | ||||||
Fidelity Investments Money Market Government Portfolio – Class I, 4.47%(b) | 265,039 | 265,039 | ||||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Class, 4.79%(b)(c) | ||||||||
(Cost $762,917) | 762,917 | 762,917 | ||||||
Total Money Market Funds | ||||||||
(Cost $1,028,475) | 1,028,475 | |||||||
Notional Amount | Contracts | Value | ||||||||||
PURCHASED PUT OPTIONS – 2.0% | ||||||||||||
Shares Russell 2000 ETF, expiring 07/21/23, Strike Price $165.00* | $ | 26,235,000 | 1,590 | $ | 626,460 | |||||||
SPDR S&P 500 ETF Trust, expiring 07/21/23, Strike Price $375.00* | 12,712,500 | 339 | 210,689 | |||||||||
Total Purchased Put Options | ||||||||||||
(Cost $1,074,969) | 837,149 | |||||||||||
Total Investments – 102.1% | ||||||||||||
(Cost $42,728,427) | 43,068,922 | |||||||||||
Liabilities in Excess of Other Assets – (2.1%) | (857,164 | ) | ||||||||||
Net Assets – 100.0% | $ | 42,211,758 |
ETF - Exchange Traded Fund
PLC - Public Limited Company
* | Non-income producing security. |
(a) | All or a portion of security is on loan. The aggregate market value of the securities on loan is $801,266; the aggregate market value of the collateral held by the fund is $821,993. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $59,076. |
(b) | Rate shown reflects the 7-day yield as of March 31, 2023. |
(c) | Collateral received from brokers for securities lending was invested in these short-term investments. |
ADVISORSHARES ALPHA DNA EQUITY SENTIMENT ETF
Schedule of Investments (continued)
March 31, 2023 (Unaudited)
For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.
Fair Value Measurements
The following is a summary of the inputs used, as of March 31, 2023, in valuing the Fund’s assets and liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 41,203,298 | $ | - | $ | - | $ | 41,203,298 | ||||||||
Money Market Funds | 1,028,475 | - | - | 1,028,475 | ||||||||||||
Purchased Put Options | 837,149 | - | - | 837,149 | ||||||||||||
Total | $ | 43,068,922 | $ | - | $ | - | $ | 43,068,922 |
SUMMARY OF SCHEDULE OF INVESTMENTS | ||||
% of | ||||
Net Assets | ||||
Airlines | 2.2 | % | ||
Auto Manufacturers | 1.0 | |||
Banks | 12.9 | |||
Biotechnology | 1.1 | |||
Building Materials | 1.0 | |||
Commercial Services | 4.2 | |||
Computers | 4.2 | |||
Cosmetics/Personal Care | 1.1 | |||
Distribution/Wholesale | 1.0 | |||
Diversified Financial Services | 2.0 | |||
Electrical Components & Equipment | 1.0 | |||
Electronics | 1.1 | |||
Food | 1.0 | |||
Healthcare - Products | 4.1 | |||
Home Builders | 1.0 | |||
Home Furnishings | 1.0 | |||
Insurance | 1.0 | |||
Internet | 7.4 | |||
Investment Companies | 4.1 | |||
Leisure Time | 1.1 | |||
Lodging | 2.1 | |||
Machinery - Diversified | 1.1 | |||
Miscellaneous Manufacturing | 1.0 | |||
Office/Business Equipment | 1.1 | |||
Oil & Gas Services | 2.1 | |||
Packaging & Containers | 1.1 | |||
Pharmaceuticals | 1.0 | |||
Purchased Put Option | 2.0 | |||
Retail | 7.4 | |||
Savings & Loans | 3.0 | |||
Semiconductors | 4.3 | |||
Software | 11.7 | |||
Telecommunications | 4.2 | |||
Transportation | 3.0 | |||
Venture Capital | 1.0 | |||
Money Market Funds | 2.5 | |||
Total Investments | 102.1 | |||
Liabilities in Excess of Other Assets | (2.1 | ) | ||
Net Assets | 100.0 | % |