Valued Advisers Trust NPORT-P Bradley Foster & Sargent Equity Fund (Feb 2024 report)

BFS

Equity

Fund

Schedule

of

Investments

February

29,

2024

-

(Unaudited)

COMMON

STOCKS

—

93.89%

Shares

Fair

Value

Aerospace

&

Defense

—

1.73%

Northrop

Grumman

Corp.

2,000‌

$

922,040‌

Banking

—

4.77%

Bank

of

America

Corp.

20,000‌

690,400‌

JPMorgan

Chase

&

Co.

10,000‌

1,860,600‌

2,551,000‌

Beverages

—

1.24%

PepsiCo,

Inc.

4,000‌

661,360‌

Biotech

&

Pharmaceuticals

—

1.12%

Zoetis,

Inc.,

Class

A

3,000‌

594,990‌

Cable

&

Satellite

—

1.20%

Comcast

Corp.,

Class

A

15,000‌

642,750‌

Chemicals

—

2.71%

Ecolab,

Inc.

2,000‌

449,680‌

Sherwin-Williams

Co.

(The)

3,000‌

996,090‌

1,445,770‌

E-Commerce

Discretionary

—

3.98%

Amazon.com,

Inc.

(a)

12,000‌

2,121,120‌

Electrical

Equipment

—

2.53%

Vertiv

Holdings

Co.,

Class

A

20,000‌

1,352,400‌

Energy

Equipment

&

Services

—

0.91%

Schlumberger

Ltd.

10,000‌

483,300‌

Health

Care

Facilities

&

Services

—

4.17%

IQVIA

Holdings,

Inc.

(a)

4,000‌

988,640‌

UnitedHealth

Group,

Inc.

2,500‌

1,234,000‌

2,222,640‌

Home

Construction

—

2.10%

D.R.

Horton,

Inc.

7,500‌

1,120,800‌

Insurance

—

1.90%

Marsh

&

McLennan

Cos.,

Inc.

5,000‌

1,011,350‌

Internet

Media

&

Services

—

9.33%

Alphabet,

Inc.,

Class

A

(a)

20,000‌

2,769,200‌

Meta

Platforms,

Inc.,

Class

A

4,500‌

2,205,585‌

4,974,785‌

Machinery

—

4.35%

Caterpillar,

Inc.

1,000‌

333,960‌

Deere

&

Co.

2,500‌

912,625‌

Parker-Hannifin

Corp.

2,000‌

1,070,900‌

2,317,485‌

Medical

Equipment

&

Devices

—

6.76%

Danaher

Corp.

4,000‌

1,012,560‌

GE

HealthCare

Technologies,

Inc.

8,000‌

730,240‌

Stryker

Corp.

2,500‌

872,675‌

BFS

Equity

Fund

Schedule

of

Investments

(continued)

February

29,

2024

-

(Unaudited)

COMMON

STOCKS

—

93.89%

-

continued

Shares

Fair

Value

Medical

Equipment

&

Devices

—

6.76%

-

continued

Thermo

Fisher

Scientific,

Inc.

1,750‌

$

997,815‌

3,613,290‌

Metals

&

Mining

—

0.45%

Agnico

Eagle

Mines

Ltd.

5,000‌

240,300‌

Oil

&

Gas

Producers

—

3.16%

ConocoPhillips

15,000‌

1,688,100‌

Retail

-

Consumer

Staples

—

3.48%

Costco

Wholesale

Corp.

2,500‌

1,859,725‌

Retail

-

Discretionary

—

4.11%

Academy

Sports

&

Outdoors,

Inc.

10,000‌

747,200‌

Lowe's

Companies,

Inc.

6,000‌

1,444,020‌

2,191,220‌

Semiconductors

—

5.60%

Applied

Materials,

Inc.

5,000‌

1,008,100‌

NVIDIA

Corp.

2,500‌

1,977,800‌

2,985,900‌

Software

—

13.30%

Adobe,

Inc.

(a)

2,000‌

1,120,560‌

Microsoft

Corp.

9,000‌

3,722,761‌

Oracle

Corp.

15,000‌

1,675,200‌

SS&C

Technologies

Holdings,

Inc.

9,000‌

573,840‌

7,092,361‌

Specialty

Finance

—

1.03%

American

Express

Co.

2,500‌

548,550‌

Specialty

Retail

—

2.85%

Home

Depot,

Inc.

(The)

4,000‌

1,522,440‌

Technology

Hardware

—

4.23%

Apple,

Inc.

12,500‌

2,259,375‌

Technology

Services

—

6.88%

Automatic

Data

Processing,

Inc.

3,000‌

753,390‌

Fiserv,

Inc.

(a)

10,000‌

1,492,700‌

MasterCard,

Inc.,

Class

A

3,000‌

1,424,280‌

3,670,370‌

Total

Common

Stocks

(Cost $24,851,862)

50,093,421‌

U.S.

GOVERNMENT

&

AGENCIES

(b)

—

3.17%

Principal

Amount

United

States

Treasury

Bill,

–

%

,

3/7/2024

$

1,500,000‌

1,498,686‌

United

States

Treasury

Bill,

–

%

,

8/29/2024

200,000‌

194,862‌

Total

U.S.

Government

&

Agencies

(Cost $1,693,555)

1,693,548‌

BFS

Equity

Fund

Schedule

of

Investments

(continued)

February

29,

2024

-

(Unaudited)

MONEY

MARKET

FUNDS

-

3.18%

Shares

Fair

Value

Fidelity

Investments

Money

Market

Government

Portfolio,

Institutional

Class,

5.25%

(c)

1,697,511‌

$

1,697,511‌

Total

Money

Market

Funds

(Cost

$1,697,511)

1,697,511‌

Total

Investments

—

100.24%

    (Cost

$28,242,928)

53,484,480‌

Liabilities

in

Excess

of

Other

Assets — (0.24)%

(125,593‌)

NET

ASSETS

—

100.00%

$

53,358,887‌

(a)

Non-income

producing

security.

(b)

The

rate

shown

represents

effective

yield

at

time

of

purchase.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

February

29,

2024.