N-Q 1 mccarthy_nq.htm AST - MCCARTHY QUARTERLY NOTICE OF PORTFOLIO HOLDINGS AST - McCarthy Quarterly Notice of Portfolio Holdings

As filed with the Securities and Exchange Commission on May 30, 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 East 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, 2006



Date of reporting period: March 31, 2006 

 
 
 

Item 1. Schedule of Investments.
McCarthy Mutli-Cap Stock Fund
    
Schedule of Investments
    
at March 31, 2006 (Unaudited)
    
         
Shares
      
Value
   
COMMON STOCKS - 96.18%
    
   
Aerospace & Defense - 0.69%
    
21,835
  
Innovative Solutions and Support, Inc.*
 $
 283,855
   
Beverages - 3.54%
    
16,373
  
The Coca-Cola Co.
 
685,537
13,196
  
PepsiCo, Inc.
 
762,597
       
1,448,134
   
Capital Markets - 1.73%
    
18,120
  
Federated Investors, Inc.
 
707,586
   
Chemicals - 1.23%
    
4,400
  
Headwaters Inc.*
  
175,076
7,158
  
The Scotts Miracle-Gro Co. - Class A
  
327,550
       
502,626
   
Commercial Banks - 3.24%
    
14,895
  
Fifth Third Bancorp
 
586,267
10,200
  
National City Corp.
 
355,980
6,000
  
Wells Fargo & Co.
 
383,220
       
1,325,467
   
Commercial Services & Supplies - 11.71%
    
21,075
  
Cendant Corp.
 
365,651
42,935
  
Corinthian Colleges, Inc.*
  
618,264
15,755
  
FirstService Corp.*#
  
387,416
16,018
  
Jackson Hewitt Tax Service, Inc.
 
505,848
14,604
  
NCO Group, Inc.*
  
346,845
9,534
  
Republic Services, Inc.
 
405,290
5,000
  
Strayer Education, Inc.
 
511,300
11,100
  
Waste Connections, Inc.*
  
441,891
34,400
  
Waste Management, Inc.
 
1,214,320
       
4,796,825
   
Communications Equipment - 1.21%
    
97,000
  
3Com Corp.*
  
496,640
   
Consumer Finance - 1.66%
    
22,141
  
MoneyGram International, Inc.
 
680,172
   
Diversified Telecommunication Services - 3.09%
    
19,575
  
Alltel Corp.
 
1,267,481
   
Electronic Equipment & Instruments - 1.09%
    
11,600
  
Benchmark Electronics, Inc.*
  
444,860
   
Food & Staples Retailing - 2.88%
    
25,000
  
Wal-Mart Stores, Inc.
 
1,181,000
   
Food Products - 1.06%
    
12,900
  
Fresh Del Monte Produce, Inc. #
  
272,835
3,840
  
Lancaster Colony Corp.
 
161,280
       
434,115
   
Health Care Equipment & Supplies - 6.73%
    
6,251
  
Biosite, Inc.*
  
324,615
39,160
  
Boston Scientific Corp.*
  
902,638
16,375
  
Conmed Corp.*
  
313,581
17,840
  
Fisher Scientific International, Inc.*
  
1,214,012
       
2,754,846
   
Health Care Providers & Services - 7.63%
    
17,300
  
Apria Healthcare Group, Inc.*
  
397,554
14,486
  
Caremark Rx, Inc.*
  
712,422
14,183
  
Laboratory Corporation of America Holdings*
  
829,422
52,778
  
Odyssey HealthCare, Inc.*
  
908,309
48,424
  
Stewart Enterprises, Inc. - Class A
  
276,501
       
3,124,208
   
Hotels, Restaurants & Leisure - 1.19%
    
9,600
  
International Speedway Corp. - Class A
 
488,640
   
Household Durables - 0.83%
    
4,200
  
Mohawk Industries, Inc.*
  
339,024
   
Industrial Conglomerates - 4.93%
    
13,200
  
3M Co.
 
999,108
38,000
  
Tyco International Ltd. #
  
1,021,440
       
2,020,548
   
Insurance - 7.31%
    
12,730
  
American International Group, Inc.
 
841,326
494
  
Berkshire Hathaway, Inc. - Class B*
  
1,487,928
3,108
  
Hanover Insurance Group, Inc.
 
162,921
9,415
  
Horace Mann Educators Corp.
 
177,002
6,878
  
Triad Guaranty, Inc.*
  
322,578
       
2,991,755
   
Internet & Catalog Retail - 1.00%
    
13,907
  
IAC/InterActiveCorp*
  
409,839
   
IT Services - 4.88%
    
21,199
  
Convergys Corp.*
  
386,034
30,748
  
First Data Corp.
 
1,439,621
5,850
  
Hewitt Associates, Inc. - Class A*
  
173,979
       
1,999,634
   
Machinery - 0.43%
    
3,700
  
The Toro Co.
 
176,675
   
Media - 2.79%
    
139,293
  
Liberty Media Corp. - Class A*
  
1,143,596
   
Metals & Mining - 1.93%
    
31,650
  
Compass Minerals International, Inc.
 
790,934
   
Oil & Gas - 4.12%
    
7,306
  
Devon Energy Corp.
 
446,908
13,075
  
Encore Acquisition Co.*
  
405,325
17,023
  
Energy Partners, Ltd.*
  
401,402
10,294
  
Newfield Exploration Co.*
  
431,319
       
1,684,954
   
Pharmaceuticals - 3.47%
  
 
10,446
  
Johnson & Johnson
 
618,612
19,519
  
Pfizer, Inc.
 
486,414
16,580
  
Schering-Plough Corp.
 
314,854
       
1,419,880
   
Real Estate - 0.80%
    
7,598
  
Redwood Trust, Inc.
 
329,145
   
Semiconductor & Semiconductor Equipment - 2.14%
    
30,467
  
Applied Materials, Inc.
 
533,477
9,272
  
Cabot Microelectronics Corp.*
  
343,991
       
877,468
   
Software - 11.16%
    
12,830
  
Fair Isaac Corp.
 
508,325
6,365
  
Intuit, Inc.*
  
338,554
39,121
  
Jack Henry & Associates, Inc.
 
894,697
21,004
  
Manhattan Associates, Inc.*
  
462,088
36,300
  
Microsoft Corp.
 
987,723
179,452
  
Novell, Inc.*
  
1,378,192
       
4,569,579
   
Thrifts & Mortgage Finance - 1.71%
    
16,439
  
Washington Mutual, Inc.
 
700,630
   
TOTAL COMMON STOCKS (Cost $32,910,770)
  
39,390,116
         
         
Contracts
      
Value
   
PURCHASED CALL OPTIONS - 0.61%
    
750
  
Intel Corp.
    
   
Expiring January 2007, Exercise Price $17.50 (Cost $302,250)
  
247,500
         
   
SHORT-TERM INVESTMENTS - 3.23%
    
1,321,781
  
Federated Cash Trust Treasury Money Market Fund (Cost $1,321,781)
  
1,321,781
   
Total Investments in Securities (Cost $34,534,801) - 99.41%
  
40,959,397
   
Other Liabilities in Excess of Assets - (0.02)%
  
(7,248)
   
NET ASSETS - 100.00%
 $
40,952,149
 
* Non-income producing security.
    
# U.S. security of a foreign issuer.
    
         
The cost basis of investments for federal tax purposes at March 31, 2006 was as follows*:
    
         
Cost of investments
 $
 34,539,152
Gross unrealized appreciation
 $
 6,959,757
Gross unrealized depreciation
  
(539,512)
Net unrealized appreciation
 $
 6,420,245
         
*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.
    
 
 
 
 

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   5/26/06                                                                



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   5/26/06                                                                

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

Date   5/26/06                                                                

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