Absolute Shares Trust NPORT-P WBI BullBear Value 3000 ETF (Sep 2022 report)

WBI BullBear Value 3000 ETF
Schedule of Investments
September 30, 2022 (Unaudited)
Shares			Security Description	Value
			COMMON STOCKS - 14.9%
			Commercial & Professional Services - 4.8%
	73,119		Nielsen Holdings PLC - ADR(a)	$	2,026,859
			Energy - 5.7%
	31,807		Devon Energy Corp.		1,912,555
	5,754		Exxon Mobil Corp.		502,381
					2,414,936
			Health Care Equipment & Services - 3.8%
	3,300		Humana, Inc.		1,601,127
			Insurance - 0.6%
	1,035		Kinsale Capital Group, Inc. +		264,360
			TOTAL COMMON STOCKS (Cost $6,090,256)		6,307,282
Shares/Amount			Security Description	Value
			SHORT TERM INVESTMENT - 91.6%
	38,557,574		U.S. Bank Money Market Deposit Account, 1.50%		38,557,574
			TOTAL SHORT TERM INVESTMENT (Cost $38,557,574)		38,557,574
			INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.6%
	250,800		Mount Vernon Liquid Assets Portfolio, LLC, 3.24% (b)(c)		250,800
			TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $250,800)		250,800
			TOTAL INVESTMENTS - 107.1% (Cost $44,898,630)		45,115,656
			Liabilities in Excess of Other Assets - (7.1)%		(3,007,091	)
			NET ASSETS - 100.0%	$	42,108,565
		ADR	American Depository Receipt
		PLC	Public Limited Company
		+	All or portion of this security is on loan as of September 30, 2022. Total value of securities on loan is $242,649.
		(a)	Foreign issued security. Foreign concentration is as follows: United Kingdom: 4.81%.
		(b)	The rate quoted is the annualized seven-day yield as of September 30, 2022.
		(c)	Privately offered liquidity fund.
			The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.
The accompanying notes are an integral part of these schedules of investments.