N-Q 1 capital_advisorsnq.htm AST - CAPITAL ADVISORS QUARTERLY NOTICE OF PORTFOLIO HOLDINGS AST - Capital Advisors Quarterly Notice of Portfolio Holdings

As filed with the Securities and Exchange Commission on May 22, 2006



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: December 31, 2006



Date of reporting period: March 31, 2006 



Item 1. Schedule of Investments.
Capital Advisors Growth Fund   
    
Schedule of Investments   
    
at March 31, 2006 (Unaudited)   
    
         
Shares
     
Value
   
COMMON STOCKS - 98.97%
    
   
Aerospace & Defense - 6.99%
    
11,500
 
Empresa Brasileira de Aeronautica SA - ADR
$
423,775
9,300
 
L-3 Communications Holdings, Inc.
 
797,847
       
1,221,622
         
   
Air Freight & Logistics - 2.39%
    
3,700
 
FedEx Corp.
 
417,878
         
   
Beverages - 5.48%
    
24,400
 
Constellation Brands, Inc. - Class A*
  
611,220
6,000
 
PepsiCo, Inc.
 
346,740
       
957,960
         
   
Biotechnology - 3.44%
    
8,275
 
Amgen, Inc.*
  
602,006
         
   
Communications Equipment - 11.44%
    
14,100
 
Avaya, Inc.*
  
159,330
19,000
 
Cisco Systems, Inc.*
  
411,730
23,000
 
Nokia Oyj - ADR
 
476,560
13,290
 
QUALCOMM, Inc.
 
672,607
3,300
 
Research In Motion Ltd.*#
  
280,104
       
2,000,331
         
   
Diversified Financial Services - 2.66%
    
1,040
 
Chicago Mercantile Exchange Holdings, Inc.
 
465,400
         
   
Health Care Equipment & Supplies - 2.32%
    
8,000
 
Medtronic, Inc.
 
406,000
         
   
Information Retrieval Services - 1.78%
    
800
 
Google, Inc. - Class A*
  
312,000
         
   
Internet & Catalog Retail - 3.08%
    
13,800
 
eBay, Inc.*
  
539,028
         
   
Internet Software & Services - 2.20%
    
11,900
 
Yahoo! Inc.*
  
383,894
         
   
IT Services - 2.69%
    
9,300
 
CheckFree Corp.*
  
469,650
         
   
Media - 1.78%
    
14,000
 
XM Satellite Radio Holdings, Inc. - Class A*
  
311,780
         
   
Metal Mining - 3.98%
    
12,650
 
Brookfield Asset Management, Inc. - Class A#
  
696,509
         
   
Multiline Retail - 3.43%
    
15,300
 
Nordstrom, Inc.
 
599,454
         
   
Oil & Gas - 20.42%
    
8,600
 
Anadarko Petroleum Corp.
 
868,686
10,200
 
Apache Corp.
 
668,202
11,000
 
ConocoPhillips
 
694,650
9,500
 
Occidental Petroleum Corp.
 
880,175
5,980
 
Suncor Energy, Inc.#
  
460,580
       
3,572,293
         
   
Pharmaceuticals - 2.64%
    
8,340
 
Novartis AG - ADR
 
462,370
         
   
Semiconductor & Semiconductor Equipment - 1.75%
    
15,800
 
Intel Corp.
 
305,730
         
   
Software - 1.75%
    
11,260
 
Microsoft Corp.
 
306,384
         
   
Specialty Retail - 14.62%
    
13,560
 
Abercrombie & Fitch Co. - Class A
 
790,548
12,000
 
Best Buy Co., Inc.
 
671,160
7,075
 
CarMax, Inc.*
  
231,211
12,775
 
Coldwater Creek, Inc.*
  
355,145
12,000
 
Williams-Sonoma, Inc. *
  
508,800
       
2,556,864
         
   
Technology/Hardware - 4.13%
    
18,900
 
QLogic Corp.*
  
365,715
14,000
 
Xilinx, Inc.
 
356,440
       
722,155
   
Total Common Stocks (Cost $14,136,242)
  
17,309,308
   
SHORT-TERM INVESTMENTS - 1.16%
    
202,881
 
SEI Daily Income Trust Government Fund - Class B (Cost $202,881)
  
202,881
   
Total Investments in Securities (Cost $14,339,123) - 100.13%
  
17,512,189
   
Liabilities in Excess of Other Assets - (0.13)%
  
(21,942)
   
Net Assets - 100.00%
$
17,490,247
         
* Non-income producing security.
    
# U.S. security of a foreign issuer.
    
ADR - American Depository Receipt
    

The cost basis of investments for federal income tax purposes at March 31, 2006 was as follows*:

Cost of investments
$
14,352,462
     
Gross unrealized appreciation
$
3,515,461
Gross unrealized depreciation
  
(355,734)
Net unrealized appreciation
$
3,159,727
     

*Because tax adjustments are calculated annually, the above table reflects the tax adjustments outstanding at the Fund’s previous fiscal year end. For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent annual report.

For additional 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   5/19/06                                                           



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   5/19/06                                                           

By (Signature and Title)* /s/ _Douglas G. Hess           
Douglas G. Hess, Treasurer

Date   5/19/06                                                           

* Print the name and title of each signing officer under his or her signature.