0001145549-23-053963.txt : 20230829 0001145549-23-053963.hdr.sgml : 20230829 20230829112335 ACCESSION NUMBER: 0001145549-23-053963 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230829 DATE AS OF CHANGE: 20230829 PERIOD START: 20230930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORS SERIES TRUST CENTRAL INDEX KEY: 0001027596 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07959 FILM NUMBER: 231219620 BUSINESS ADDRESS: STREET 1: U.S BANCORP FUND SERVICES, LLC STREET 2: 615 E MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-5340 MAIL ADDRESS: STREET 1: 615 E MICHIGAN STREET STREET 2: MK-WI-LC2 CITY: MILWAUKEE STATE: WI ZIP: 53202 0001027596 S000046127 Scharf Global Opportunity Fund C000144365 Institutional Class WRLDX NPORT-P 1 primary_doc.xml NPORT-P false 0001027596 XXXXXXXX S000046127 C000144365 Advisors Series Trust 811-07959 0001027596 2549003Z0J6URS6I4Y63 615 East Michigan Street Milwaukee 53202 626-914-7363 Scharf Global Opportunity Fund S000046127 549300I2ECZSE25FNZ95 2023-09-30 2023-06-30 N 26468157.960000000000 149017.420000000000 26319140.540000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 64889.990000000000 N N/A N/A Canadian Pacific Kansas City L N/A Canadian Pacific Kansas City Ltd 13646K108 6028.000000000000 NS USD 486881.560000000000 1.8499143589 Long EC CORP CA N 1 N N N Lockheed Martin Corp DPRBOZP0K5RM2YE8UU08 Lockheed Martin Corp 539830109 1142.000000000000 NS USD 525753.960000000000 1.9976106712 Long EC CORP US N 1 N N N McKesson Corp 549300WZWOM80UCFSF54 McKesson Corp 58155Q103 3056.000000000000 NS USD 1305859.360000000000 4.9616337510 Long EC CORP US N 1 N N N Unilever PLC 549300MKFYEKVRWML317 Unilever PLC 904767704 13341.000000000000 NS USD 695466.330000000000 2.6424355649 Long EC CORP GB N 1 N N N Union Pacific Corp 549300LMMRSZZCZ8CL11 Union Pacific Corp 907818108 2560.000000000000 NS USD 523827.200000000000 1.9902899154 Long EC CORP US N 1 N N N Tencent Holdings Ltd 254900N4SLUMW4XUYY11 Tencent Holdings Ltd N/A 16195.000000000000 NS 685332.060000000000 2.6039302422 Long EC CORP CN N 1 N N N Baidu Inc 254900AL64IANZYI1E02 Baidu Inc 056752108 7917.000000000000 NS USD 1083916.470000000000 4.1183581521 Long EC CORP CN N 1 N N N Centene Corp 549300Z7JJ4TQSQGT333 Centene Corp 15135B101 15413.000000000000 NS USD 1039606.850000000000 3.9500030346 Long EC CORP US N 1 N N N U-Haul Holding Co 5493003WIDMLDHYC6Y24 U-Haul Holding Co 023586506 8102.000000000000 NS USD 410528.340000000000 1.5598090651 Long EC CORP US N 1 N N N Berkshire Hathaway Inc 5493000C01ZX7D35SD85 Berkshire Hathaway Inc 084670702 2962.000000000000 NS USD 1010042.000000000000 3.8376709090 Long EC CORP US N 1 N N N Smith & Nephew PLC 213800ZTMDN8S67S1H61 Smith & Nephew PLC N/A 62020.000000000000 NS 998747.270000000000 3.7947563997 Long EC CORP GB N 1 N N N Kering SA 549300VGEJKB7SVUZR78 Kering SA N/A 865.000000000000 NS 477230.960000000000 1.8132467482 Long EC CORP FR N 1 N N N Sony Group Corp 529900R5WX9N2OI2N910 Sony Group Corp 835699307 7397.000000000000 NS USD 666025.880000000000 2.5305760991 Long EC CORP JP N 1 N N N Activision Blizzard Inc 549300TPQQDBP9GNOF40 Activision Blizzard Inc 00507V109 12700.000000000000 NS USD 1070610.000000000000 4.0678000042 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 3259.000000000000 NS USD 539429.680000000000 2.0495717905 Long EC CORP US N 1 N N N Brookfield Corp C6J3FGIWG6MBDGTE8F80 Brookfield Corp 11271J107 41635.000000000000 NS USD 1401017.750000000000 5.3231895923 Long EC CORP CA N 1 N N N First American Treasury Obliga 549300UU586IAH2B8H03 First American Treasury Obligations Fund 31846V542 169292.980000000000 NS USD 169292.980000000000 0.6432314146 Long STIV RF US N 1 N N N Barrick Gold Corp 0O4KBQCJZX82UKGCBV73 Barrick Gold Corp 067901108 45705.000000000000 NS USD 773785.650000000000 2.9400110875 Long EC CORP CA N 1 N N N Booking Holdings Inc FXM8FAOHMYDIPD38UZ17 Booking Holdings Inc 09857L108 284.000000000000 NS USD 766893.720000000000 2.9138250880 Long EC CORP US N 1 N N N Comcast Corp 51M0QTTNCGUN7KFCFZ59 Comcast Corp 20030N101 28987.000000000000 NS USD 1204409.850000000000 4.5761746975 Long EC CORP US N 1 N N N Fiserv Inc GI7UBEJLXYLGR2C7GV83 Fiserv Inc 337738108 6800.000000000000 NS USD 857820.000000000000 3.2593009589 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 1973.000000000000 NS USD 671885.420000000000 2.5528395161 Long EC CORP US N 1 N N N MillerKnoll Inc U98HXD3PNK7HYU2MU887 MillerKnoll Inc 600544100 39300.000000000000 NS USD 580854.000000000000 2.2069641640 Long EC CORP US N 1 N N N Valvoline Inc 549300CMHPBEY6VPOT75 Valvoline Inc 92047W101 20327.000000000000 NS USD 762465.770000000000 2.8970010204 Long EC CORP US N 1 N N N CVS Health Corp 549300EJG376EN5NQE29 CVS Health Corp 126650100 14105.000000000000 NS USD 975078.650000000000 3.7048270954 Long EC CORP US N 1 N N N Markel Group Inc 549300SCNO12JLWIK605 Markel Group Inc 570535104 716.000000000000 NS USD 990356.880000000000 3.7628769773 Long EC CORP US N 1 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd Y74718118 31420.000000000000 NS 1418806.210000000000 5.3907771336 Long EP CORP KR N 1 N N N Heineken Holding NV 724500M1WJLFM9TYBS04 Heineken Holding NV N/A 12240.000000000000 NS 1063830.990000000000 4.0420430461 Long EC CORP NL N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 66987V109 11663.000000000000 NS USD 1176913.330000000000 4.4717012252 Long EC CORP CH N 1 N N N Oracle Corp 1Z4GXXU7ZHVWFCD8TV52 Oracle Corp 68389X105 10514.000000000000 NS USD 1252112.260000000000 4.7574207756 Long EC CORP US N 1 N N N AIA Group Ltd ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd N/A 68290.000000000000 NS 689349.030000000000 2.6191927846 Long EC CORP HK N 1 N N N 2023-07-31 Advisors Series Trust /s/ Kevin Hayden Advisors Series Trust Treasurer & Vice President XXXX NPORT-EX 2 global2.htm
Scharf Global Opportunity Fund
  
Schedule of Investments
  
June 30, 2023 (Unaudited)
  
           
Shares
  
COMMON STOCKS - 93.80%
  
Value
  
   
Aerospace and Defense - 2.00%
      
 
1,142
  
Lockheed Martin Corp.
  
$
525,754
  
     
Beverages - 4.04%
        
 
12,240
  
Heineken Holding N.V. (b)
    
1,063,831
  
     
Capital Markets - 5.32%
        
 
41,635
  
Brookfield Corp.
    
1,401,018
  
     
Chemicals - 2.90%
        
 
20,327
  
Valvoline, Inc.
    
762,466
  
     
Commercial Services & Supplies - 2.21%
        
 
39,300
  
MillerKnoll, Inc.
    
580,854
  
     
Diversified Financial Services - 3.84%
        
 
2,962
  
Berkshire Hathaway, Inc. - Class B (a)
    
1,010,042
  
     
Entertainment - 4.07%
        
 
12,700
  
Activision Blizzard, Inc. (a)
    
1,070,610
  
     
Ground Transportation - 5.40%
        
 
6,028
  
Canadian Pacific Kansas City Ltd. - ADR
    
486,882
  
 
8,102
  
U-Haul Holding Co.
    
410,528
  
 
2,560
  
Union Pacific Corp.
    
523,827
  
           
1,421,237
  
     
Health Care Equipment & Supplies - 3.80%
        
 
62,020
  
Smith & Nephew plc
    
998,747
  
     
Health Care Providers & Services - 12.62%
        
 
15,413
  
Centene Corp. (a)
    
1,039,607
  
 
14,105
  
CVS Health Corp.
    
975,079
  
 
3,056
  
McKesson Corp.
    
1,305,859
  
           
3,320,545
  
     
Household Durables - 2.53%
        
 
7,397
  
Sony Corp. - ADR
    
666,026
  
     
Insurance - 6.38%
        
 
68,290
  
AIA Group, Ltd.
    
689,349
  
 
716
  
Markel Group, Inc. (a)
    
990,357
  
           
1,679,706
  
     
Interactive Media & Services - 6.72%
        
 
7,917
  
Baidu, Inc. - ADR (a)
    
1,083,916
  
 
16,195
  
Tencent Holdings, Ltd. (b)
    
685,332
  
           
1,769,248
  
     
Internet & Direct Marketing Retail - 2.91%
        
 
284
  
Booking Holdings, Inc. (a)
    
766,894
  
     
IT Services - 3.26%
        
 
6,800
  
Fiserv, Inc. (a)
    
857,820
  
     
Media - 4.58%
        
 
28,987
  
Comcast Corp. - Class A
    
1,204,410
  
     
Metals & Mining - 2.94%
        
 
45,705
  
Barrick Gold Corp. - ADR
    
773,786
  
     
Personal Products - 2.64%
        
 
13,341
  
Unilever plc - ADR
    
695,466
  
     
Pharmaceuticals - 6.52%
        
 
3,259
  
Johnson & Johnson
    
539,430
  
 
11,663
  
Novartis AG - ADR
    
1,176,913
  
           
1,716,343
  
     
Software - 7.31%
        
 
1,973
  
Microsoft Corp.
    
671,886
  
 
10,514
  
Oracle Corp.
    
1,252,112
  
           
1,923,998
  
     
Textiles, Apparel & Luxury Goods - 1.81%
        
 
865
  
Kering SA
    
477,231
  
     
TOTAL COMMON STOCKS (Cost $20,252,659)
    
24,686,032
  
               
     
PREFERRED STOCK - 5.39%
        
     
Technology Hardware, Storage & Peripherals - 5.39%
        
 
31,420
  
Samsung Electronics Co., Ltd., 2.15% (b)
    
1,418,806
  
     
TOTAL PREFERRED STOCK (Cost $710,323)
    
1,418,806
  
               
     
MONEY MARKET FUND - 0.89%
        
 
234,474
  
First American Treasury Obligations Fund, Class Z, 5.00% (c)
    
234,474
  
     
TOTAL MONEY MARKET FUND (Cost $234,474)
    
234,474
  
               
     
Total Investments in Securities (Cost $21,197,456) - 100.08%
    
26,339,312
  
     
Liabilities in Excess of Other Assets - (0.08)%
    
(20,163
)
     
TOTAL NET ASSETS - 100.00%
  
$
26,319,149
  
   
ADR
  
American Depository Receipt
        
(a)
  
Non-income producing security.
        
(b)
  
Foreign issuer.
        
(c)
  
Rate shown is the 7-day annualized yield as of June 30, 2023.
        

The Global Industry Classification Standard (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 and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

 
Country Allocation
 
 
     
% of Net
 
Country
  
Assets
 
United States
  
55.8%
 
Canada
  
10.1%
 
Cayman Islands
  
6.7%
 
United Kingdom
  
6.5%
 
Republic of Korea
  
5.4%
 
Switzerland
  
4.5%
 
Netherlands
  
4.1%
 
Hong Kong
  
2.6%
 
Japan
  
2.5%
 
France
  
1.8%
     
100.0%
Scharf Global Opportunity Fund
                
Summary of Fair Value Disclosure at June 30, 2023 (Unaudited)
          
                   
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:
  
                   
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
  
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may
include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves,
default rates and similar data.
                
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions
about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
  
                   
The following is a summary of the inputs used to value the Fund's investments as of June 30, 2023:
      

Scharf Global Opportunity Fund
  
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Common Stocks
                        
Communication Services
  
$
4,044,269
    
$
-
    
$
-
    
$
4,044,269
  
Consumer Discretionary
    
2,672,616
      
-
      
-
      
2,672,616
  
Consumer Staples
    
1,759,297
      
-
      
-
      
1,759,297
  
Financials
    
4,948,586
      
-
      
-
      
4,948,586
  
Health Care
    
6,035,635
      
-
      
-
      
6,035,635
  
Industrials
    
2,527,845
      
-
      
-
      
2,527,845
  
Information Technology
    
1,923,998
      
-
      
-
      
1,923,998
  
Materials
    
773,786
      
-
      
-
      
773,786
  
Total Common Stocks
    
24,686,032
      
-
      
-
      
24,686,032
  
Preferred Stock
                                
Information Technology
    
1,418,806
      
-
      
-
      
1,418,806
  
Total Preferred Stock
    
1,418,806
      
-
      
-
      
1,418,806
  
Money Market Fund
    
234,474
      
-
      
-
      
234,474
  
Total Investments in Securities
  
$
26,339,312
    
$
-
    
$
-
    
$
26,339,312
  
                                 
Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.