Babcock International Group PLC

0001752724-24-084792.txt : 20240419 0001752724-24-084792.hdr.sgml : 20240419 20240419122012 ACCESSION NUMBER: 0001752724-24-084792 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240419 DATE AS OF CHANGE: 20240419 PERIOD START: 20241130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ultimus Managers Trust CENTRAL INDEX KEY: 0001545440 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22680 FILM NUMBER: 24856475 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE STREET 2: SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3400 MAIL ADDRESS: STREET 1: 225 PICTORIA DRIVE STREET 2: SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246

0001545440 S000068142 Lyrical International Value Equity Fund

C000218236 Institutional Class LYRWX

C000218237 Investor Class LYRNX

C000236987 C Class LYRZX

C000236988 A Class LYRVX

NPORT-P 1 primary_doc.xml NPORT-P false 0001545440 XXXXXXXX S000068142 C000218236 C000218237 C000236988 C000236987 Ultimus Managers Trust 811-22680 0001545440 549300FU214TAR7BFY91 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 LYRICAL INTERNATIONAL VALUE EQUITY FUND S000068142 549300OXKW7B0Q1UMD04 2024-11-30 2024-02-29 N 12488779.34 27271.08 12461508.26 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00 N Babcock International Group PLC 213800TSKOLX4EU6L377 Babcock International Group PLC G0689Q152 37779.00000000 NS 234343.07000000 1.880535366270 Long EC CORP GB N 2 N N N Linamar Corp 549300LW6VIYFRMFBU20 Linamar Corporation 53278L107 4442.00000000 NS 217389.41000000 1.744487147657 Long EC CORP CA N 1 N N N Auto1 Group 391200S2LPXG5ZD5G304 Auto1 Group SE D0R06D102 16577.00000000 NS 62185.71000000 0.499022339050 Long EC CORP DE N 2 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC G3167C109 29194.00000000 NS 336888.12000000 2.703429737164 Long EC CORP IM N 2 N N N Invesco 549300UJV6OHYATSFU27 Invesco Treasury Portfolio Institutional Class 825252406 4132.60000000 PA USD 4132.60000000 0.033162919879 Long STIV RF US N 1 N N N Samsung Electronics Co Ltd. 9884007ER46L6N7EI764 Samsung Electronics Co. Ltd. - GDR 796050888 417.00000000 NS USD 567120.00000000 4.550973992613 Long EC CORP US Y 1 N N N Exor Nv 5493002ENHZ6NYET7405 Exor N.V. N3140A107 5875.00000000 NS 634622.92000000 5.092665404211 Long EC CORP NL N 2 N N N Grupo Catalana Occidente S A 959800H2P9S8MS95DT42 Grupo Catalana Occidente S.A. E5701Q116 8778.00000000 NS 320448.28000000 2.571504775458 Long EC CORP ES N 2 N N N Open Text Corp 549300HP7ONDQODZJV16 Open Text Corpation 683715106 12634.00000000 NS 485835.36000000 3.898688263598 Long EC CORP CA N 1 N N N Nintendo Co Ltd. 353800FEEXU6I9M0ZF27 Nintendo Company Ltd. ADR 654445303 41584.00000000 NS USD 578433.44000000 4.641761076840 Long EC CORP JP N 1 N N N Sony Group Corp. 529900R5WX9N2OI2N910 Sony Corporation J76379106 5717.00000000 NS 492525.62000000 3.952375665319 Long EC CORP JP N 2 N N N Volkswagen Aktiengesellschaft 529900NNUPAGGOMPXZ31 Volkswagon AG Preferred D94523103 3912.00000000 NS 531275.88000000 4.263335295498 Long EP CORP DE N 2 N N N Konecranes Oyj 549300EF0CDEQZBMA096 Konecranes OYJ X4550J108 6057.00000000 NS 312132.60000000 2.504773848298 Long EC CORP FI N 2 N N N Teleperformance SE 9695004GI61FHFFNRG61 TELEPERFORMANCE F9120F106 3110.00000000 NS 386148.40000000 3.098729238414 Long EC CORP FR N 2 N N N Suncor Energy Inc. 549300W70ZOQDVLCHY06 Suncor Energy, Inc. 867224107 16359.00000000 NS USD 562095.24000000 4.510651746741 Long EC CORP CA N 1 N N N Vistry Group PLC 2138001KOWN7CG9SLK53 Vistry Group plc G9424B107 21056.00000000 NS 280216.65000000 2.248657579431 Long EC CORP GB N 2 N N N Ashtead Group 2138007UTBN8X9K1A235 Ashtead Group plc G05320109 8177.00000000 NS 588154.79000000 4.719772099240 Long EC CORP US N 2 N N N Ald S.A. 969500E7V019H9NP7427 ALD SA F0195N108 40461.00000000 NS 248119.21000000 1.991084905800 Long EC CORP FR N 2 N N N Kyudenko Corp N/A Kyudenko Corporation J38425104 5237.00000000 NS 203728.37000000 1.634861252340 Long EC CORP JP N 2 N N N Bollore SE 969500LEKCHH6VV86P94 Bollore F10659260 90273.00000000 NS 619096.08000000 4.968067003472 Long EC CORP FR N 2 N N N Elis SA 969500UX71LCE8MAY492 Elis S.A. F2976F106 16027.00000000 NS 366097.90000000 2.937829774387 Long EC CORP FR N 2 N N N Liberty Global Ltd 213800HRMKKTYH7SKA24 Liberty Global plc Series C G61188127 24943.00000000 NS USD 462692.65000000 3.712974708568 Long EC CORP US N 1 N N N SK Kaken Co Ltd N/A SK Kaken Co., Ltd. J75573105 693.00000000 NS 36336.20000000 0.291587496809 Long EC CORP JP N 2 N N N CNH Industrial N.V. 549300WGC2HZ5J67V817 CNH INDUSTRIAL NV N20944109 34447.00000000 NS USD 411641.65000000 3.303305197183 Long EC CORP NL N 1 N N N CK Hutchison Holdings Ltd. 254900Z8HM1VEPOQ2G79 CK Hutchison Holdings Ltd. G21765105 83665.00000000 NS 422599.35000000 3.391237570788 Long EC CORP HK N 2 N N N Kinden Corp N/A Kinden Corp J33093105 14814.00000000 NS 252577.14000000 2.026858504846 Long EC CORP JP N 2 N N N Euronext N.V. 724500QJ4QSZ3H9QU415 Euronext N.V. N3113K397 6716.00000000 NS 618978.64000000 4.967124581434 Long EC CORP NL Y 2 N N N Air Water Inc. N/A Air Water, Inc. J00662114 16850.00000000 NS 243121.51000000 1.950979808603 Long EC CORP JP N 2 N N N Rexel, S.A. 969500N6AVPA51648T62 Rexel S.A. F7782J366 20872.00000000 NS 535832.09000000 4.299897563122 Long EC CORP FR N 2 N N N AerCap Holdings N.V. 549300SZYINBBLJQU475 AerCap Holdings N.V. N00985106 7608.00000000 NS USD 587185.44000000 4.711993345819 Long EC CORP US N 1 N N N Julius Baer Gruppe AG 5299007MF0604ZGJER92 Julius Baer Group Ltd. H4414N103 8270.00000000 NS 443063.22000000 3.555454209521 Long EC CORP US N 2 N N N SPIE SA 969500TJNS5GSFWJ8X85 SPIE SA F8691R101 11920.00000000 NS 397061.32000000 3.186302265469 Long EC CORP FR N 2 N N N 2024-03-21 Lyrical International Value Equity Fund Daniel D. Bauer Daniel D. Bauer Treasurer XXXX NPORT-EX 2 lyricalnportpartf_-_942.htm LYRICAL SOI 02-29-24

LYRICAL U.S. VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS
February 29, 2024 (Unaudited)

COMMON STOCKS - 98.8%	Shares	Value
Communications - 12.0%
Cable & Satellite - 2.1%
Liberty Global Ltd. - Class C ^(a)	784,762	$ 14,557,335

Internet Media & Services - 9.9%
Expedia Group, Inc. ^(a)	205,874	28,167,681
Uber Technologies, Inc. ^(a)	488,882	38,866,119
		67,033,800
Consumer Discretionary - 9.6%
Automotive - 2.7%
Adient plc ^(a)	143,055	4,855,287
Lear Corporation	98,092	13,472,936
		18,328,223
E-Commerce Discretionary - 3.4%
eBay, Inc.	485,614	22,959,830

Home & Office Products - 1.6%
Whirlpool Corporation	103,435	11,107,885

Retail - Discretionary - 1.9%
Lithia Motors, Inc.	43,604	13,040,212

Energy - 4.2%
Oil & Gas Producers - 4.2%
Suncor Energy, Inc.	834,373	28,669,056

Financials - 16.4%
Asset Management - 6.6%
Affiliated Managers Group, Inc.	76,413	11,944,116
Ameriprise Financial, Inc.	81,252	33,098,815
		45,042,931
Insurance - 4.8%
Assurant, Inc.	97,815	17,748,532
Primerica, Inc.	59,419	14,573,104
		32,321,636
Specialty Finance - 5.0%
AerCap Holdings N.V. ^(a)	289,759	22,363,600
Air Lease Corporation	198,825	7,972,882
Bread Financial Holdings, Inc.	86,618	3,315,737
		33,652,219
Health Care - 11.4%
Health Care Facilities & Services - 11.4%
Centene Corporation ^(a)	303,198	23,779,819
Cigna Group (The)	86,152	28,959,133
HCA Healthcare, Inc.	79,882	24,899,220
		77,638,172

LYRICAL U.S. VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 98.8% (Continued)	Shares	Value
Industrials - 10.6%
Industrial Support Services - 10.6%
United Rentals, Inc.	85,559	$ 59,315,488
WESCO International, Inc.	82,707	12,363,869
		71,679,357
Materials - 5.7%
Chemicals - 3.7%
Celanese Corporation	166,292	25,271,395

Containers & Packaging - 2.0%
Berry Global Group, Inc.	229,330	13,349,300

Technology - 25.6%
Software - 3.7%
Concentrix Corporation	84,643	6,132,385
Gen Digital, Inc.	890,525	19,137,382
		25,269,767
Technology Hardware - 10.0%
Arrow Electronics, Inc. ^(a)	126,484	14,861,870
F5, Inc. ^(a)	98,842	18,505,199
Flex Ltd. ^(a)	846,437	23,827,202
TD SYNNEX Corporation	103,480	10,751,572
		67,945,843
Technology Services - 11.9%
Fidelity National Information Services, Inc.	542,871	37,561,245
Global Payments, Inc.	215,540	27,955,538
WEX, Inc. ^(a)	69,403	15,249,921
		80,766,704
Utilities - 3.3%
Electric Utilities - 3.3%
NRG Energy, Inc.	402,417	22,261,708

Total Common Stocks (Cost $472,080,118)		$ 670,895,373

LYRICAL U.S. VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 1.1%	Shares	Value
Invesco Treasury Portfolio - Institutional Class, 5.24% ^(b) (Cost $7,729,235)	7,729,235	$ 7,729,235

Investments at Value - 99.9% (Cost $479,809,353)		$ 678,624,608

Other Assets in Excess of Liabilities - 0.1%		595,061

Net Assets - 100.0%		$ 679,219,669

N.V. - Naamloze Vennootschap
plc - Public Limited Company

^(a)	Non-income producing security.
^(b)	The rate shown is the 7-day effective yield as of February 29, 2024.

LYRICAL INTERNATIONAL VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS
February 29, 2024 (Unaudited)

COMMON STOCKS - 95.5%	Shares	Value
Bermuda - 3.7%
Liberty Global Ltd. - Class C ^(a)	24,943	$ 462,692

Canada - 10.1%
Linamar Corporation	4,442	217,389
Open Text Corporation	12,634	485,835
Suncor Energy, Inc.	16,359	562,095
		1,265,319
Finland - 2.5%
Konecranes OYJ	6,057	312,132

France - 20.5%
ALD S.A.	40,461	248,119
Bollore SE	90,273	619,096
Elis S.A.	16,027	366,098
Rexel S.A.	20,872	535,832
SPIE S.A.	11,920	397,061
Teleperformance SE	3,110	386,149
		2,552,355
Germany - 0.5%
Auto1 Group SE ^(a)	16,577	62,186

Hong Kong - 3.4%
CK Hutchison Holdings Ltd.	83,665	422,599

Isle of Man - 2.7%
Entain plc	29,194	336,888

Japan - 14.5%
Air Water, Inc.	16,850	243,122
Kinden Corporation	14,814	252,577
Kyudenko Corporation	5,237	203,729
Nintendo Company Ltd. - ADR	41,584	578,433
SK Kaken Company Ltd.	693	36,336
Sony Group Corporation	5,717	492,526
		1,806,723
Netherlands - 18.1%
AerCap Holdings N.V. ^(a)	7,608	587,186
CNH Industrial N.V.	34,447	411,642
Euronext N.V.	6,716	618,979
Exor N.V.	5,875	634,623
		2,252,430
South Korea - 4.5%
Samsung Electronics Company Ltd.	417	567,120

LYRICAL INTERNATIONAL VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 95.5% (Continued)	Shares	Value
Spain - 2.6%
Grupo Catalana Occidente S.A.	8,778	$ 320,448

Switzerland - 3.6%
Julius Baer Group Ltd.	8,270	443,063

United Kingdom - 8.8%
Ashtead Group plc	8,177	588,155
Babcock International Group plc	37,779	234,343
Vistry Group plc	21,056	280,217
		1,102,715

Total Common Stocks (Cost $11,338,657)		$ 11,906,670


PREFERRED STOCKS - 4.3%	Shares	Value
Germany - 4.3%
Volkswagon AG, 8.760% (Cost $539,754)	3,912	$ 531,276

LYRICAL INTERNATIONAL VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)

MONEY MARKET FUNDS - 0.0% ^(b)	Shares	Value
Invesco Treasury Portfolio - Institutional Class, 5.24% ^(c)(Cost $4,133)	4,133	$ 4,133

Investments at Value - 99.8% (Cost $11,882,544)		$ 12,442,079

Other Assets in Excess of Liabilities - 0.2%		19,429

Net Assets - 100.0%		$ 12,461,508

ADR - American Depositary Receipt
AG - Aktiengesellschaft
N.V. - Naamloze Vennootschap
OYJ - Julkinen Osakeyhtio
plc - Public Limited Company
S.A. - Societe Anonyme
SE - Societe Europaea

^(a)	Non-income producing security.
^(b)	Percentage rounds to less than 0.1%.
^(c)	The rate shown is the 7-day effective yield as of February 29, 2024.

LYRICAL INTERNATIONAL VALUE EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
February 29, 2024 (Unaudited)

Common and Preferred Stocks by Sector/Industry		% of Net Assets
Communications - 9.2%
	Cable & Satellite	3.7%
	Entertainment Content	5.0%
	Internet Media & Services	0.5%
Consumer Discretionary - 13.0%
	Automotive	6.0%
	Home Construction	2.3%
	Leisure Facilities & Services	2.7%
	Retail - Discretionary	2.0%
Consumer Staples - 3.4%
	Retail - Consumer Staples	3.4%
Energy - 4.5%
	Oil & Gas Producers	4.5%
Financials - 20.9%
	Asset Management	8.6%
	Institutional Financial Services	5.0%
	Insurance	2.6%
	Specialty Finance	4.7%
Industrials - 26.5%
	Commercial Support Services	2.9%
	Engineering & Construction	6.9%
	Industrial Support Services	9.0%
	Machinery	5.8%
	Transportation & Logistics	1.9%
Materials - 2.2%
	Chemicals	2.2%
Technology - 20.1%
	Software	3.9%
	Technology Hardware	13.1%
	Technology Services	3.1%
		99.8%