Valued Advisers Trust NPORT-P LS Opportunity Fund (Aug 2024 report)

LS

Opportunity

Fund

Schedule

of

Investments

August

31,

2024

-

(Unaudited)

COMMON

STOCKS

-

LONG

-

DOMESTIC

—

79.19%

Shares

Fair

Value

Communication

Services

—

0.99%

Alphabet,

Inc.,

Class

A

(a)

12,115‌

$

1,979,349‌

Consumer

Discretionary

—

4.44%

Darden

Restaurants,

Inc.

(a)

10,040‌

1,587,826‌

Expedia

Group,

Inc.

(a)

(b)

17,342‌

2,412,099‌

Home

Depot,

Inc.

(The)

(a)

8,165‌

3,008,802‌

Texas

Roadhouse,

Inc.

(a)

11,375‌

1,919,531‌

8,928,258‌

Consumer

Staples

—

6.16%

Church

&

Dwight

Co.,

Inc.

(a)

27,920‌

2,844,490‌

Colgate-Palmolive

Co.

(a)

35,210‌

3,749,865‌

Mondelez

International,

Inc.,

Class

A

(a)

46,045‌

3,306,491‌

Procter

&

Gamble

Co.

(The)

(a)

14,445‌

2,477,895‌

12,378,741‌

Energy

—

3.65%

Exxon

Mobil

Corp.

(a)

29,573‌

3,487,839‌

Hess

Corp.

(a)

13,630‌

1,881,758‌

Murphy

Oil

Corp.

(a)

52,335‌

1,951,049‌

7,320,646‌

Financials

—

30.21%

Ameris

Bancorp

(a)

33,662‌

2,074,589‌

Arthur

J.

Gallagher

&

Co.

(a)

16,121‌

4,716,521‌

Brown

&

Brown,

Inc.

63,652‌

6,691,735‌

Cboe

Global

Markets,

Inc.

(a)

12,185‌

2,502,799‌

Citigroup,

Inc.

(a)

69,825‌

4,373,838‌

Federated

Hermes,

Inc.,

Class

B

(a)

42,031‌

1,441,663‌

Fidelity

National

Information

Services,

Inc.

(a)

34,212‌

2,820,779‌

Globe

Life,

Inc.

(a)

44,225‌

4,645,836‌

Goldman

Sachs

Group,

Inc.

(The)

(a)

3,210‌

1,637,903‌

KeyCorp

88,445‌

1,508,872‌

PJT

Partners,

Inc.,

Class

A

(a)

20,040‌

2,474,940‌

PNC

Financial

Services

Group,

Inc.

(The)

(a)

24,615‌

4,555,990‌

Primerica,

Inc.

(a)

13,320‌

3,506,224‌

Progressive

Corp.

(The)

(a)

35,330‌

8,910,226‌

Prosperity

Bancshares,

Inc.

(a)

40,625‌

2,989,188‌

SouthState

Corp.

(a)

36,420‌

3,536,018‌

Voya

Financial,

Inc.

(a)

32,647‌

2,312,387‌

60,699,508‌

Health

Care

—

11.22%

Abbott

Laboratories

(a)

53,645‌

6,076,369‌

Cigna

Corp.

(The)

(a)

10,653‌

3,854,362‌

DENTSPLY

SIRONA,

Inc.

(a)

101,500‌

2,566,935‌

Hologic,

Inc.

(a)

(b)

24,800‌

2,014,752‌

Johnson

&

Johnson

(a)

21,739‌

3,605,630‌

Merck

&

Co.,

Inc.

(a)

37,364‌

4,425,766‌

22,543,814‌

Industrials

—

12.86%

Carrier

Global

Corp.

(a)

62,205‌

4,527,280‌

LS

Opportunity

Fund

Schedule

of

Investments

(continued)

August

31,

2024

-

(Unaudited)

COMMON

STOCKS

-

LONG

-

DOMESTIC

—

79.19%

-

continued

Shares

Fair

Value

Industrials

—

12.86%

-

continued

Curtiss-Wright

Corp.

(a)

12,930‌

$

4,084,070‌

Fortune

Brands

Innovations,

Inc.

(a)

27,620‌

2,193,304‌

General

Dynamics

Corp.

(a)

8,995‌

2,692,743‌

Leidos

Holdings,

Inc.

31,803‌

5,041,094‌

Otis

Worldwide

Corp.

(a)

25,830‌

2,445,843‌

Paychex,

Inc.

(a)

12,890‌

1,691,168‌

RTX

Corp.

(a)

25,615‌

3,159,354‌

25,834,856‌

Information

Technology

—

6.68%

Littelfuse,

Inc.

(a)

11,970‌

3,258,234‌

Microsoft

Corp.

(a)

7,290‌

3,040,951‌

Teradyne,

Inc.

(a)

12,830‌

1,754,246‌

Trimble,

Inc.

(a)

(b)

70,280‌

3,984,173‌

Zebra

Technologies

Corp.,

Class

A

(a)

(b)

3,990‌

1,378,066‌

13,415,670‌

Materials

—

1.87%

PPG

Industries,

Inc.

(a)

28,949‌

3,755,554‌

Real

Estate

—

1.11%

Howard

Hughes

Holdings,

Inc.

(The)

(a)

(b)

29,595‌

2,226,136‌

Total

Common

Stocks

-

Long

-

Domestic

(Cost $117,373,299)

159,082,532‌

COMMON

STOCKS

-

LONG

-

INTERNATIONAL

—

16.25%

Consumer

Discretionary

—

0.97%

Aptiv

PLC

(a)

(b)

27,285‌

1,951,696‌

Consumer

Staples

—

1.50%

Nestle

S.A.

28,165‌

3,015,230‌

Energy

—

1.61%

Schlumberger

Ltd.

(a)

73,830‌

3,247,782‌

Financials

—

6.87%

Everest

Re

Group,

Ltd.

(a)

8,840‌

3,467,401‌

Fairfax

Financial

Holdings

Ltd.

5,046‌

6,080,430‌

Fidelis

Insurance

Holdings

Ltd.

108,745‌

2,013,957‌

First

BanCorp

(a)

104,890‌

2,242,548‌

13,804,336‌

Industrials

—

4.52%

Eaton

Corp.

PLC

(a)

20,880‌

6,408,698‌

Pentair

PLC

(a)

30,200‌

2,678,438‌

9,087,136‌

Materials

—

0.78%

Agnico

Eagle

Mines

Ltd.

(a)

19,302‌

1,572,534‌

Total

Common

Stocks

-

Long

-

International

(Cost $22,248,912)

32,678,714‌

LS

Opportunity

Fund

Schedule

of

Investments

(continued)

August

31,

2024

-

(Unaudited)

EXCHANGE-TRADED

FUNDS

—

0.72%

Shares

Fair

Value

Abrdn

Physical

Platinum

Shares

ETF

(a)

(b)

17,045‌

$

1,448,995‌

Total

Exchange-Traded

Funds

(Cost $1,635,556)

1,448,995‌

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

PUT

OPTIONS

PURCHASED

—

0.06%

Bank

of

America

Corp.  

562

$

2,290,150‌

$

32.00‌

1/17/2025

$

20,232‌

Post

Holdings,

Inc.  

149

1,724,973‌

105.00‌

3/21/2025

38,740‌

Post

Holdings,

Inc.  

114

1,319,778‌

110.00‌

3/21/2025

31,350‌

Prudential

Financial,

Inc.  

140

1,696,240‌

105.00‌

1/17/2025

22,400‌

Total

Put

Options

Purchased

(Cost

$299,067)

112,722‌

MONEY

MARKET

FUNDS

-

3.97%

Shares

Invesco

Treasury

Portfolio,

Institutional

Class,

5.15%

(c)

7,981,167‌

7,981,167‌

Total

Money

Market

Funds

(Cost

$7,981,167)

7,981,167‌

Total

Investments

—

100.19%

    (Cost

$149,538,001)

201,304,130‌

Liabilities

in

Excess

of

Other

Assets — (0.19)%

(384,078‌)

NET

ASSETS

—

100.00%

$

200,920,052‌

(a)

All

or

a

portion

of

the

security

is

held

as

collateral

for

securities

sold

short

and

written

options.

The

fair

value

of

this

collateral

on

August

31,

2024

was

$102,112,458.

(b)

Non-income

producing

security.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2024.

ETF

-

Exchange-Traded

Fund

LS

Opportunity

Fund

Schedule

of

Securities

Sold

Short

August

31,

2024

-

(Unaudited)

COMMON

STOCKS

-

SHORT

-

DOMESTIC

-

(21.12)%

Shares

Fair

Value

Consumer

Discretionary

-

(3.63)%

Brinker

International,

Inc.

(a)

(48,035‌)

$

(3,435,463‌)

Hilton

Grand

Vacations,

Inc.

(a)

(43,410‌)

(1,674,758‌)

McDonald's

Corp.

(7,580‌)

(2,188,043‌)

(7,298,264‌)

Consumer

Staples

-

(4.67)%

Dollar

Tree,

Inc.

(a)

(16,115‌)

(1,361,556‌)

Edgewell

Personal

Care

Co.

(42,510‌)

(1,709,752‌)

Post

Holdings,

Inc.

(a)

(31,305‌)

(3,624,180‌)

Sysco

Corp.

(34,625‌)

(2,699,711‌)

(9,395,199‌)

Financials

-

(9.67)%

Byline

Bancorp,

Inc.

(34,750‌)

(964,312‌)

Capitol

Federal

Financial,

Inc.

(143,107‌)

(860,073‌)

Enterprise

Financial

Services

Corp.

(34,315‌)

(1,815,607‌)

Markel

Corp.

(a)

(1,850‌)

(2,961,258‌)

Old

Republic

International

Corp.

(62,775‌)

(2,251,739‌)

Park

National

Corp.

(5,795‌)

(1,018,703‌)

Prudential

Financial,

Inc.

(29,469‌)

(3,570,464‌)

Travelers

Companies,

Inc.

(The)

(13,390‌)

(3,053,857‌)

Washington

Trust

Bancorp,

Inc.

(25,150‌)

(824,920‌)

WSFS

Financial

Corp.

(38,720‌)

(2,119,533‌)

(19,440,466‌)

Health

Care

-

(1.53)%

Henry

Schein,

Inc.

(a)

(13,000‌)

(917,150‌)

UnitedHealth

Group,

Inc.

(3,645‌)

(2,151,279‌)

(3,068,429‌)

Information

Technology

-

(1.62)%

Apple,

Inc.

(14,255‌)

(3,264,395‌)

TOTAL

COMMON

STOCKS

-

SHORT

-

DOMESTIC 

(Proceeds

Received $37,755,743)

(42,466,753‌)

COMMON

STOCKS

-

SHORT

-

INTERNATIONAL

-

(9.08)%

Financials

-

(8.23)%

Aon

PLC,

Class

A

(8,045‌)

(2,765,228‌)

AXIS

Capital

Holdings

Ltd.

(29,575‌)

(2,362,451‌)

Commonwealth

Bank

of

Australia

(35,165‌)

(3,320,372‌)

Invesco

Ltd.

(143,100‌)

(2,445,579‌)

Muenchener

Rueckversicherungs-Gesellshaft

AG

(7,505‌)

(4,058,573‌)

Westpac

Banking

Corp.

(74,010‌)

(1,564,960‌)

(16,517,163‌)

Information

Technology

-

(0.85)%

TE

Connectivity

Ltd.

(11,080‌)

(1,701,888‌)

TOTAL

COMMON

STOCKS

-

SHORT

-

INTERNATIONAL 

(Proceeds

Received $16,170,451)

(18,219,051‌)

EXCHANGE-TRADED

FUNDS

-

(2.94)%

Energy

Select

Sector

SPDR®

Fund

(20,980‌)

(1,915,055‌)

LS

Opportunity

Fund

Schedule

of

Securities

Sold

Short

(continued)

August

31,

2024

-

(Unaudited)

EXCHANGE-TRADED

FUNDS

-

(2.94)%

Shares

Fair

Value

Industrial

Select

Sector

SPDR®

Fund

(30,305‌)

$

(3,983,895‌)

TOTAL

EXCHANGE-TRADED

FUNDS 

(Proceeds

Received $5,696,837)

(5,898,950‌)

TOTAL

SECURITIES

SOLD

SHORT

-

(33.14)%

(Proceeds

Received

$59,623,031)

$

(66,584,754‌)

(a)

Non-dividend

expense

producing

security.

SPDR

-

Standard

&

Poor's

Depositary

Receipt

The

sectors

shown

on

the

schedule

of

investments

and

schedule

of

securities

sold

short

are

based

on

the

Global

Industry

Classification

Standard,

or

GICS®

("GICS").  The

GICS

was

developed

by

and/or

is

the

exclusive

property

of

MSCI,

Inc.

and

Standard

&

Poor's

Financial

Services

LLC

("S&P").  GICS

is

a

service

mark

of

MSCI,

Inc.

and

S&P

and

has

been

licensed

for

use

by

Ultimus

Fund

Solutions,

LLC.

LS

Opportunity

Fund

Schedule

of

Written

Options

August

31,

2024

-

(Unaudited)

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Fair

Value

CALL

OPTIONS

WRITTEN

-

(0.21)%

Goldman

Sachs

Group,

Inc.

(32)

$

(1,632,800

)

$

490.00

1/17/2025

$

(149,280

)

Texas

Roadhouse,

Inc.

(137)

(2,311,875

)

155.00

12/20/2024

(263,040

)

Total

Call

Options

Written  (Premiums

Received

$294,545)

$

(412,320

)