Valued Advisers Trust NPORT-P Kovitz Core Equity Etf (Jul 2023 report)

Kovitz

Core

Equity

ETF

Schedule

of

Investments

July

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

99.68%

Shares

Fair

Value

Communications

—

16.03%

Alphabet,

Inc.,

Class

A

(a)

79,049‌

$

10,491,383‌

Alphabet,

Inc.,

Class

C

(a)

327,939‌

43,651,960‌

Charter

Communications,

Inc.,

Class

A

(a)

59,038‌

23,921,607‌

Expedia

Group,

Inc.

(a)

77,700‌

9,520,581‌

Meta

Platforms,

Inc.,

Class

A

(a)

116,995‌

37,274,608‌

Spotify

Technology

SA

(a)

59,081‌

8,827,292‌

Walt

Disney

Co.

(The)

(a)

144,737‌

12,865,672‌

146,553,103‌

Consumer

Discretionary

—

17.20%

Amazon.com,

Inc.

(a)

251,567‌

33,629,477‌

CarMax,

Inc.

(a)

304,760‌

25,176,224‌

General

Motors

Co.

498,158‌

19,114,322‌

Gildan

Activewear,

Inc.

624,430‌

19,419,773‌

Hasbro,

Inc.

245,847‌

15,871,882‌

Las

Vegas

Sands

Corp.

(a)

338,931‌

20,271,463‌

Lowe's

Companies,

Inc.

101,663‌

23,816,591‌

157,299,732‌

Consumer

Staples

—

9.56%

Diageo

PLC

-

ADR

98,914‌

17,402,929‌

Dollar

Tree,

Inc.

(a)

208,442‌

32,168,854‌

Philip

Morris

International,

Inc.

379,028‌

37,796,672‌

87,368,455‌

Financials

—

20.43%

American

Express

Co.

159,442‌

26,926,565‌

Aon

PLC,

Class

A

41,296‌

13,152,776‌

Berkshire

Hathaway,

Inc.,

Class

B

(a)

105,456‌

37,116,294‌

Blackstone

Group

L.P.

(The),

Class

A

189,135‌

19,819,457‌

Charles

Schwab

Corp.

(The)

569,823‌

37,665,299‌

Intercontinental

Exchange,

Inc.

200,097‌

22,971,136‌

JPMorgan

Chase

&

Co.

184,199‌

29,096,074‌

186,747,601‌

Health

Care

—

4.39%

Abbott

Laboratories

6,210‌

691,359‌

Becton,

Dickinson

and

Co.

137,352‌

38,269,015‌

Stryker

Corp.

4,261‌

1,207,610‌

40,167,984‌

Industrials

—

9.30%

Equifax,

Inc.

2,870‌

585,710‌

Graco,

Inc.

13,793‌

1,094,199‌

Hayward

Holdings,

Inc.

(a)

466,819‌

6,236,702‌

Jacobs

Solutions,

Inc.

255,691‌

32,066,209‌

Johnson

Controls

International

PLC

10,343‌

719,356‌

Keysight

Technologies,

Inc.

(a)

115,143‌

18,547,234‌

Lincoln

Electric

Holdings,

Inc.

6,063‌

1,216,904‌

PACCAR,

Inc.

275,819‌

23,756,290‌

Kovitz

Core

Equity

ETF

Schedule

of

Investments

(continued)

July

31,

2023

-

(Unaudited)

COMMON

STOCKS

—

99.68%

-

(continued)

Shares

Fair

Value

Industrials

—

9.30%

-

(continued)

Verisk

Analytics,

Inc.

3,454‌

$

790,758‌

85,013,362‌

Materials

—

1.95%

PPG

Industries,

Inc.

123,649‌

17,793,091‌

Technology

—

20.82%

Analog

Devices,

Inc.

157,672‌

31,460,294‌

Apple,

Inc.

137,468‌

27,005,589‌

Arista

Networks,

Inc.

(a)

83,032‌

12,877,433‌

Autodesk,

Inc.

(a)

79,003‌

16,747,846‌

Microsoft

Corp.

6,863‌

2,305,419‌

Motorola

Solutions,

Inc.

88,533‌

25,376,214‌

Salesforce,

Inc.

(a)

129,227‌

29,077,367‌

Splunk,

Inc.

(a)

112,066‌

12,140,110‌

Texas

Instruments,

Inc.

7,469‌

1,344,420‌

Visa,

Inc.,

Class

A

135,135‌

32,125,644‌

190,460,336‌

Total

Common

Stocks

(Cost $707,199,349)

911,403,664‌

Other

Assets

in

Excess

of

Liabilities — 0.32%

2,899,224‌

NET

ASSETS

—

100.00%

$

914,302,888‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt