N-Q 1 mccarthynq.htm QUARTERLY NOTICE OF PORFOLIO HOLDINGS Quarterly Notice of Porfolio Holdings
As filed with the Securities and Exchange Commission on May 31,  2005



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 




Investment Company Act file number 811-07959



Advisors Series Trust
(Exact name of registrant as specified in charter)



615 E. Michigan St.
Milwaukee, WI 53202 
(Address of principal executive offices) (Zip code)



Eric M. Banhazl
Advisors Series Trust
2020 East Financial Way, Suite 100
Glendora, CA 91741
(Name and address of agent for service)



(414) 765-5340
Registrant's telephone number, including area code



Date of fiscal year end: June 30, 2005



Date of reporting period: March 31, 2005






 
Item 1. Schedule of Investments.
 

McCarthy Multi-Cap Stock Fund
      
           
Schedule of Investments
        
           
at March 31, 2005 (Unaudited)
     
           
SHARES
  
COMMON STOCKS - 96.5%
  
MARKET VALUE
   
Beverages - 2.0%
      
16,373
  
The Coca-Cola Co.
 
$
682,263
   
Capital Markets - 1.5%
      
18,120
  
Federated Investors, Inc.
   
512,977
   
Chemicals - 1.7%
      
14,400
  
Sensient Technologies Corp.
 
310,464
4,100
  
The Scotts Miracle-Gro Co. - Class A*
  
287,943
         
598,407
   
Commercial Services & Supplies - 14.3%
    
38,575
  
Cendant Corp.
   
792,330
23,736
  
FirstService Corp.*#
    
479,230
9,600
  
ITT Educational Services, Inc.*
  
465,600
38,780
  
Jackson Hewitt Tax Service, Inc.
 
811,278
14,604
  
NCO Group, Inc.*
    
285,508
22,734
  
Republic Services, Inc.
   
761,134
11,100
  
Waste Connections, Inc.*
  
385,725
34,400
  
Waste Management, Inc.
   
992,440
         
4,973,245
   
Communications Equipment - 1.9%
    
183,365
  
3Com Corp.*
    
652,779
   
Consumer Finance - 2.5%
      
45,086
  
MoneyGram International, Inc.
 
851,675
   
Diversified Telecommunication Services - 2.1%
    
6,200
  
Alltel Corp.
   
340,070
11,800
  
CenturyTel, Inc.
   
387,512
         
727,582
   
Electronic Equipment & Instruments - 1.1%
    
11,600
  
Benchmark Electronics, Inc.*
  
369,228
   
Food Products - 1.1%
      
12,900
  
Fresh Del Monte Produce, Inc.#
  
393,708
   
Health Care Equipment & Supplies - 3.3%
    
10,495
  
CONMED Corp.*
    
316,109
14,840
  
Fisher Scientific International*
  
844,693
         
1,160,802
   
Health Care Providers & Services - 11.7%
    
18,542
  
AmerisourceBergen Corp.
   
1,062,271
11,000
  
Apria Healthcare Group, Inc.*
  
353,100
18,486
  
Caremark Rx, Inc.*
    
735,373
14,183
  
Laboratory Corporation Of America Holdings*
  
683,620
26,762
  
Omnicare, Inc.
   
948,713
48,424
  
Stewart Enterprises, Inc. - Class A
  
297,808
         
4,080,885
   
Household Durables - 2.1%
    
15,600
  
La-Z-Boy, Inc.
   
217,308
4,200
  
Mohawk Industries, Inc.*
    
354,060
7,715
  
Newell Rubbermaid, Inc.
   
169,267
         
740,635
   
Insurance - 8.0%
      
8,400
  
Allmerica Financial Corp.*
  
301,980
494
  
Berkshire Hathaway, Inc. - Class B*
  
1,410,864
25,528
  
Hilb Rogal & Hobbs Co.
   
913,903
9,415
  
Horace Mann Educators Corp.
 
167,022
         
2,793,769
   
IT Services - 4.3%
      
21,199
  
Convergys Corp.*
  
$
316,501
27,498
  
First Data Corp.
   
1,080,947
9,067
  
Intrado, Inc.*
    
111,524
         
1,508,972
   
Machinery - 2.5%
      
27,515
  
Kaydon Corp.
   
863,971
   
Media - 10.4%
      
46,100
  
Comcast Corp. - Class A*
    
1,557,258
14,000
  
Emmis Communications Corp.*
  
269,080
143,740
  
Liberty Media Corp. - Class A*
  
1,490,584
6,807
  
Liberty Media International, Inc. - Class A*
  
297,738
         
3,614,660
   
Mortgage Bankers And Loan Correspondents - 0.1%
    
1,053
  
Phh Corp.*
    
23,029
   
Oil & Gas - 2.1%
      
7,306
  
Devon Energy Corp.
   
348,862
5,147
  
Newfield Exploration Co.*
    
382,216
         
731,078
   
Pharmaceuticals - 9.1%
      
10,446
  
Johnson & Johnson
   
701,553
29,511
  
Merck & Co., Inc.
   
955,271
33,825
  
Pfizer, Inc.
   
888,583
33,620
  
Schering-Plough Corp.
   
610,203
         
3,155,610
   
Real Estate - 1.4%
      
10,728
  
Jones Lang LaSalle, Inc.*
    
500,461
   
Semiconductor & Semiconductor Equipment - 2.8%
    
60,167
  
Applied Materials, Inc.
   
977,714
   
Software - 6.8%
      
25,030
  
Fair Isaac Corp.
   
862,033
22,913
  
Intuit, Inc.*
    
1,002,902
31,888
  
NetIQ Corp.*
    
364,480
25,371
  
Novell, Inc.*
    
151,211
         
2,380,626
   
Thrifts & Mortgage Finance - 3.7%
    
32,855
  
Washington Mutual, Inc.
   
1,297,773
           
   
TOTAL COMMON STOCKS (Cost $29,190,226)
  
33,591,849
           
   
SHORT-TERM INVESTMENTS - 3.8%
    
1,335,574
  
Federated Cash Trust Treasury Money Market Fund
    
   
(Cost $1,335,574)
    
1,335,574
   
Total Investments in Securities(Cost $30,525,800) - 100.3%
  
34,927,423
   
Liabilities in Excess of Other Assets - (0.3)%
  
(101,239)
   
NET ASSETS - 100.0%
  
$
34,826,184
           
           
*
Non-income producing security.
      
#
U.S. security of foreign issuer.
      
 

For certain federal income tax information, as well as other information regarding securities valuation and other significant accounting policies, please refer to the footnotes to the Fund’s most recent semi-annual or annual report.]

 
Item 2. Controls and Procedures.
 
(a)  
The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b)  
There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.


 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). Filed herewith.
 
 


 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant) Advisors Series Trust    

By (Signature and Title) /s/ Eric M. Banhazl
                                                 Eric M. Banhazl, President
Date  5/26/05       

                Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*  /s/ Eric M. Banhazl
                                                    Eric M. Banhazl, President
                Date 5/26/05

By (Signature and Title)*  /s/ Douglas G. Hess
                                                    Douglas G. Hess, Treasurer
                Date 5/31/2005
* Print the name and title of each signing officer under his or her signature.