Capitol Series Trust NPORT-P Guardian Capital Dividend Growth Fund (Jun 2024 report)

Guardian

Capital

Dividend

Growth

Fund

Schedule

of

Investments

June

30,

2024

-

(Unaudited)

1

Common

Stocks

—

99.41%

Shares

Fair

Value

Canada

—

4.20%

Energy

—

0.93%

Canadian

Natural

Resources

Ltd.

6,816‌

$

242,650‌

Financials

—

3.27%

Royal

Bank

of

Canada

(a)

7,987‌

850,240‌

Total

Canada

1,092,890‌

Denmark

—

3.86%

Health

Care

—

3.86%

Novo

Nordisk

A/S

-

ADR

7,020‌

1,002,035‌

Total

Denmark

1,002,035‌

France

—

10.20%

Consumer

Discretionary

—

1.26%

LVMH

Moet

Hennessy

Louis

Vuitton

S.A.

-

ADR

2,131‌

326,789‌

Energy

—

3.19%

TotalEnergies

S.E.

-

ADR

12,452‌

830,299‌

Financials

—

2.53%

AXA

S.A.

20,091‌

657,935‌

Health

Care

—

0.71%

Sanofi

-

ADR

3,830‌

185,832‌

Industrials

—

2.51%

Schneider

Electric

S.E.

-

ADR

13,574‌

653,452‌

Total

France

2,654,307‌

Germany

—

3.03%

Financials

—

3.03%

Allianz

S.E.

2,843‌

790,314‌

Total

Germany

790,314‌

India

—

1.04%

Financials

—

1.04%

ICICI

Bank

Ltd.

-

ADR

9,419‌

271,361‌

Total

India

271,361‌

Ireland

—

2.76%

Technology

—

2.76%

Accenture

PLC,

Class

A

2,372‌

719,689‌

Total

Ireland

719,689‌

Netherlands

—

7.69%

Technology

—

7.69%

ASML

Holding

N.V.

1,089‌

1,113,753‌

Wolters

Kluwer

N.V.

-

ADR

5,350‌

887,030‌

Total

Netherlands

2,000,783‌

Guardian

Capital

Dividend

Growth

Fund

Schedule

of

Investments

(continued)

June

30,

2024

-

(Unaudited)

2

Common

Stocks

—

99.41%(continued)

Shares

Fair

Value

Switzerland

—

2.65%

Consumer

Staples

—

2.65%

Nestle

S.A.

-

ADR

6,742‌

$

690

,718‌

Total

Switzerland

690,718‌

United

Kingdom

—

3.67%

Consumer

Staples

—

1.01%

Unilever

PLC

-

ADR

4,784‌

263,072‌

Health

Care

—

2.66%

AstraZeneca

PLC

-

ADR

8,878‌

692,395‌

Total

United

Kingdom

955,467‌

United

States

—

60.31%

Communications

—

2.03%

Alphabet,

Inc.,

Class

A

2,904‌

528,964‌

Consumer

Discretionary

—

3.67%

Home

Depot,

Inc.

(The)

1,502‌

517,048‌

McDonald's

Corp.

1,727‌

440,109‌

957,157‌

Consumer

Staples

—

6.62%

Costco

Wholesale

Corp.

1,581‌

1,343,834‌

Procter

&

Gamble

Co.

(The)

2,292‌

377,997‌

1,721,831‌

Energy

—

7.54%

EOG

Resources,

Inc.

1,734‌

218,259‌

Shell

PLC

-

ADR

10,651‌

768,789‌

Williams

Cos.,

Inc.

(The)

22,943‌

975,077‌

1,962,125‌

Financials

—

1.93%

Hartford

Financial

Services

Group,

Inc.

(The)

4,993‌

501,996‌

Health

Care

—

7.01%

AbbVie,

Inc.

2,491‌

427,256‌

Amgen,

Inc.

773‌

241,524‌

Johnson

&

Johnson

4,031‌

589,171‌

UnitedHealth

Group,

Inc.

1,114‌

567,316‌

1,825,267‌

Industrials

—

7.30%

Illinois

Tool

Works,

Inc.

778‌

184,355‌

Republic

Services,

Inc.

4,113‌

799,321‌

W.W.

Grainger,

Inc.

293‌

264,356‌

Waste

Management,

Inc.

3,061‌

653,034‌

1,901,066‌

Materials

—

1.57%

Air

Products

&

Chemicals,

Inc.

1,586‌

409,267‌

Real

Estate

—

1.53%

Equinix,

Inc.

527‌

398,728‌

Guardian

Capital

Dividend

Growth

Fund

Schedule

of

Investments

(continued)

June

30,

2024

-

(Unaudited)

3

Common

Stocks

—

99.41%(continued)

Shares

Fair

Value

United

States

—

60.31%

(continued)

Technology

—

20.16%

Apple,

Inc.

7,575‌

$

1,595,447‌

Broadcom,

Inc.

857‌

1,375,939‌

MasterCard,

Inc.,

Class

A

1,326‌

584,978‌

Microsoft

Corp.

3,779‌

1,689,024‌

5,245,388‌

Utilities

—

0.95%

WEC

Energy

Group,

Inc.

3,166‌

248,404‌

Total

United

States

15,700,193‌

Total  Common

Stocks

  (Cost $16,364,245)

25,877,757‌

Money

Market

Funds

-

0.60%

Morgan

Stanley

Institutional

Liquidity

Funds

Treasury

Securities

Portfolio,

Institutional

Class,

5.14%

(b)

157,357‌

157,357‌

Total

Money

Market

Funds

    (Cost

$157,357)

157,357‌

Total

Investments

—

100.01%

    (Cost

$16,521,602)

26,035,114‌

Liabilities

in

Excess

of

Other

Assets 

—

 (0.01)%

(3,003‌)

Net

Assets

—

100.00%

$

26,032,111‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

June

30,

2024.

ADR

-

American

Depositary

Receipt

Guardian

Capital

Fundamental

Global

Equity

Fund

Schedule

of

Investments

June

30,

2024

-

(Unaudited)

Common

Stocks

—

98.75%

Shares

Fair

Value

China

—

3.18%

Consumer

Discretionary

—

3.18%

Yum

China

Holdings,

Inc.

92,046‌

$

2,838,699‌

Total

China

2,838,699‌

Denmark

—

12.97%

Health

Care

—

8.26%

Coloplast

A/S,

Class

B

15,218‌

1,828,425‌

Novo

Nordisk

A/S,

Class

B

38,379‌

5,542,691‌

7,371,116‌

Materials

—

4.71%

Novozymes

A/S,

Class

B

68,692‌

4,203,581‌

Total

Denmark

11,574,697‌

France

—

11.01%

Consumer

Staples

—

3.37%

L'Oréal

S.A.

6,848‌

3,008,058‌

Health

Care

—

7.64%

EssilorLuxottica

S.A.

31,687‌

6,829,592‌

Total

France

9,837,650‌

Ireland

—

4.49%

Technology

—

4.49%

Accenture

PLC,

Class

A

13,215‌

4,009,563‌

Total

Ireland

4,009,563‌

Japan

—

2.06%

Industrials

—

2.06%

Keyence

Corp.

4,200‌

1,841,968‌

Total

Japan

1,841,968‌

Switzerland

—

2.92%

Consumer

Staples

—

2.92%

Nestle

S.A.

25,573‌

2,611,018‌

Total

Switzerland

2,611,018‌

United

Kingdom

—

6.21%

Consumer

Staples

—

2.88%

Reckitt

Benckiser

Group

PLC

47,451‌

2,568,485‌

Industrials

—

3.33%

Intertek

Group

PLC

(a)

49,021‌

2,970,744‌

Total

United

Kingdom

5,539,229‌

United

States

—

55.91%

Communications

—

13.71%

Alphabet,

Inc.,

Class

A

38,303‌

6,976,891‌

Guardian

Capital

Fundamental

Global

Equity

Fund

Schedule

of

Investments

(continued)

June

30,

2024

-

(Unaudited)

Common

Stocks

—

98.75%(continued)

Shares

Fair

Value

United

States

—

55.91%

(continued)

Communications

—

13.71%

(continued)

Booking

Holdings,

Inc.

1,330‌

$

5,268,795‌

12,245,686‌

Consumer

Discretionary

—

2.91%

Nike,

Inc.,

Class

B

34,460‌

2,597,250‌

Consumer

Staples

—

4.76%

Colgate-Palmolive

Co.

43,829‌

4,253,167‌

Financials

—

6.40%

CME

Group,

Inc.

29,081‌

5,717,325‌

Health

Care

—

8.57%

GRAIL,

Inc.

(a)

2,487‌

38,223‌

Illumina,

Inc.

(a)

14,921‌

1,557,454‌

UnitedHealth

Group,

Inc.

7,343‌

3,739,496‌

Waters

Corp.

(a)

8,031‌

2,329,954‌

7,665,127‌

Technology

—

19.56%

Automatic

Data

Processing,

Inc.

12,580‌

3,002,720‌

MarketAxess

Holdings,

Inc.

17,648‌

3,538,953‌

MasterCard,

Inc.,

Class

A

11,659‌

5,143,485‌

Microsoft

Corp.

8,706‌

3,891,147‌

Verisk

Analytics,

Inc.

7,059‌

1,902,753‌

17,479,058‌

Total

United

States

49,957,613‌

Total  Common

Stocks

  (Cost $76,666,639)

88,210,437‌

Money

Market

Funds

-

1.17%

Morgan

Stanley

Institutional

Liquidity

Funds

Treasury

Portfolio,

Institutional

Class,

5.14%

(b)

1,043,714‌

1,043,714‌

Total

Money

Market

Funds

    (Cost

$1,043,714)

1,043,714‌

Total

Investments

—

99.92%

    (Cost

$77,710,353)

89,254,151‌

Other

Assets

in

Excess

of

Liabilities 

—

 0.08%

69,421‌

Net

Assets

—

100.00%

$

89,323,572‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

June

30,

2024.

Alta

Quality

Growth

Fund

Schedule

of

Investments

June

30,

2024

-

(Unaudited)

Common

Stocks

—

99.05%

Shares

Fair

Value

Denmark

—

1.04%

Health

Care

—

1.04%

Novo

Nordisk

A/S

-

ADR

4,630‌

$

660,886‌

Total

Denmark

660,886‌

Ireland

—

6.25%

Health

Care

—

2.95%

ICON

PLC

(a)

5,970‌

1,871,416‌

Technology

—

3.30%

Accenture

PLC,

Class

A

6,895‌

2,092,011‌

Total

Ireland

3,963,427‌

United

States

—

91.76%

Communications

—

12.71%

Alphabet,

Inc.,

Class

A

25,980‌

4,732,257‌

Booking

Holdings,

Inc.

515‌

2,040,173‌

VeriSign,

Inc.

(a)

7,270‌

1,292,606‌

8,065,036‌

Consumer

Discretionary

—

15.92%

Amazon.com,

Inc.

(a)

16,025‌

3,096,832‌

AutoZone,

Inc.

(a)

345‌

1,022,615‌

Home

Depot,

Inc.

(The)

6,209‌

2,137,386‌

Restaurant

Brands

International,

Inc.

26,000‌

1,829,620‌

TJX

Companies,

Inc.

(The)

18,279‌

2,012,517‌

10,098,970‌

Consumer

Staples

—

2.66%

Dollar

General

Corp.

12,780‌

1,689,899‌

Financials

—

3.54%

Markel

Corp.

(a)

1,425‌

2,245,316‌

Health

Care

—

10.17%

Thermo

Fisher

Scientific,

Inc.

3,650‌

2,018,450‌

UnitedHealth

Group,

Inc.

4,903‌

2,496,902‌

Zoetis,

Inc.,

Class

A

11,170‌

1,936,431‌

6,451,783‌

Industrials

—

5.07%

Amphenol

Corp.,

Class

A

29,460‌

1,984,721‌

RTX

Corp.

12,265‌

1,231,283‌

3,216,004‌

Materials

—

2.00%

Sherwin-Williams

Co.

(The)

4,255‌

1,269,820‌

Technology

—

39.69%

Adobe

Systems,

Inc.

(a)

5,765‌

3,202,688‌

Apple,

Inc.

20,188‌

4,251,997‌

Autodesk,

Inc.

(a)

8,800‌

2,177,560‌

Broadridge

Financial

Solutions,

Inc.

6,440‌

1,268,680‌

Alta

Quality

Growth

Fund

Schedule

of

Investments

(continued)

June

30,

2024

-

(Unaudited)

Common

Stocks

—

99.05%(continued)

Shares

Fair

Value

United

States

—

91.76%

(continued)

Technology

—

39.69%

(continued)

Fiserv,

Inc.

(a)

13,594‌

$

2,026,050‌

Intuit,

Inc.

2,460‌

1,616,737‌

MasterCard,

Inc.,

Class

A

4,600‌

2,029,336‌

Microsoft

Corp.

10,280‌

4,594,645‌

S&P

Global,

Inc.

3,565‌

1,589,990‌

Visa,

Inc.,

Class

A

5,630‌

1,477,706‌

Zebra

Technologies

Corp.,

Class

A

(a)

3,040‌

939,147‌

25,174,536‌

Total

United

States

58,211,364‌

Total

Common

Stocks/Investments

—

99.05%

    (Cost

$44,067,078)

62,835,677‌

Other

Assets

in

Excess

of

Liabilities 

—

 0.95%

605,805‌

Net

Assets

—

100.00%

$

63,441,482‌

(a)

Non-income

producing

security.

ADR

-

American

Depositary

Receipt