N-Q 1 rigel_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS Quarterly Notice of Portfolio Holdings

As filed with the Securities and Exchange Commission on August 29, 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: September 30, 2006



Date of reporting period: June 30, 2006 
 
 
 
 
Item 1. Schedule of Investments.
 
Rigel U.S. Equity Large Cap Growth Fund
    
Schedule of Investments
   
at June 30, 2006 (Unaudited)
    
         
Shares
      
Value
   
COMMON STOCKS - 95.68%
    
   
Aerospace & Defense - 3.04%
    
8,931
  
Precision Castparts Corp.
$
533,716
50,524
  
United Technologies Corp.
 
3,204,232
       
3,737,948
         
   
Air Freight & Logistics - 2.59%
    
27,200
  
FedEx Corp.
 
3,178,592
         
   
Beverages - 3.49%
    
71,445
  
PepsiCo, Inc.
 
4,289,558
         
   
Biotechnology - 4.72%
    
59,806
  
Celgene Corp.*
  
2,836,599
50,226
  
Gilead Sciences, Inc.*
  
2,971,370
       
5,807,969
         
   
Capital Markets - 3.40%
  
 
20,954
  
Merrill Lynch & Co, Inc.
 
1,457,560
46,931
  
State Street Corp.
 
2,726,222
       
4,183,782
         
   
Commercial Banks - 2.97%
    
54,526
  
Wells Fargo & Co.
 
3,657,604
         
   
Communications Equipment - 2.13%
    
111,402
  
Cisco Systems, Inc.*
  
2,175,681
18,158
  
Corning, Inc.*
  
439,242
       
2,614,923
         
   
Computers & Peripherals - 1.35%
    
52,541
  
Hewlett-Packard Co.
 
1,664,499
         
   
Construction Materials - 0.40%
    
6,362
  
Vulcan Materials Co.
 
496,236
         
   
Diversified Financial Services - 2.68%
    
59,175
  
Principal Financial Group, Inc.
 
3,293,089
         
   
Diversified Telecommunication Services - 2.89%
    
127,225
  
AT&T, Inc.
 
3,548,305
         
   
Electric Utilities - 2.45%
    
50,400
  
TXU Corp.
 
3,013,416
         
   
Energy Equipment & Services - 9.23%
    
40,802
  
Baker Hughes, Inc.
 
3,339,644
30,364
  
Halliburton Co.
 
2,253,312
46,449
  
Schlumberger Ltd.#
  
3,024,294
54,964
  
Weatherford International Ltd.*#
  
2,727,314
       
11,344,564
         
   
Food & Staples Retailing - 2.56%
    
55,045
  
Costco Wholesale Corp.
 
3,144,721
         
   
Health Care Equipment & Supplies - 0.80%
    
13,350
  
C.R. Bard, Inc.
 
978,021
         
   
Health Care Providers & Services - 4.33%
  
 
66,740
  
AmerisourceBergen Corp.
 
2,797,741
9,005
  
Laboratory Corp Of America Holdings*
  
560,381
32,726
  
Quest Diagnostics
 
1,960,942
       
5,319,064
         
   
Household Products - 6.09%
    
30,525
  
Clorox Co.
 
1,861,109
70,730
  
Colgate-Palmolive Co.
 
4,236,727
24,955
  
Procter & Gamble Co.
 
1,387,498
       
7,485,334
         
   
Insurance - 4.48%
    
59,578
  
Chubb Corp.
 
2,972,942
32,631
  
Prudential Financial, Inc.
 
2,535,429
       
5,508,371
         
   
IT Services - 2.16%
    
39,459
  
Cognizant Technology Solutions Corp.*
  
2,658,353
         
   
Machinery - 7.60%
    
35,039
  
Caterpillar, Inc.
 
2,609,705
45,124
  
Danaher Corp.
 
2,902,375
59,919
  
Dover Corp.
 
2,961,796
10,600
  
Paccar, Inc.
 
873,228
       
9,347,104
         
   
Media - 2.29%
    
94,047
  
The Walt Disney Co.
 
2,821,410
         
   
Metals & Mining - 1.44%
    
12,198
  
BHP Billiton Ltd. - ADR
 
525,368
5,959
  
Rio Tinto PLC - ADR
 
1,249,662
       
1,775,030
         
   
Oil & Gas - 4.68%
    
38,175
  
Kerr-McGee Corp.
 
2,647,436
37,236
  
Marathon Oil Corp.
 
3,101,759
       
5,749,195
         
   
Pharmaceuticals - 3.72%
    
35,175
  
Johnson & Johnson
 
2,107,686
22,844
  
Novartis AG - ADR
 
1,231,749
27,708
  
Wyeth
 
1,230,512
       
4,569,947
         
   
Road & Rail - 5.27%
    
22,945
  
Burlington Northern Santa Fe Corp.
 
1,818,391
24,364
  
CSX Corp.
 
1,716,200
55,443
  
Norfolk Southern Corp.
 
2,950,677
       
6,485,268
         
   
Search, Detection, Navigation, Guidance, Aeronautical, And Nautical - 1.06%
    
12,338
  
Garmin Ltd.#
  
1,300,918
         
   
Semiconductor & Semiconductor Equipment - 0.70%
    
28,283
  
Texas Instruments, Inc.
 
856,692
         
   
Specialty Retail - 4.91%
    
90,354
  
Office Depot, Inc.*
  
3,433,452
107,287
  
Staples, Inc.
 
2,609,220
       
6,042,672
         
   
Thrifts & Mortgage Finance - 1.77%
    
13,539
  
Golden West Financial Corp.
 
1,004,594
25,626
  
Washington Mutual, Inc.
 
1,168,033
       
2,172,627
         
   
Wireless Telecommunication Services - 0.48%
    
10,576
  
NII Holdings, Inc.*
  
596,275
   
Total Common Stocks (Cost $115,615,946)
  
117,641,487
   
SHORT-TERM INVESTMENTS - 5.36%
    
3,177,722
  
Aim Liquid Assets
  
3,177,722
3,417,060
  
AIM STIT-STIC Prime Portfolio
  
3,417,060
   
Total Short-Term Investments (Cost $6,594,782)
  
6,594,782
   
Total Investments in Securities (Cost $122,210,728) - 101.04%
  
124,236,269
   
Liabilities in Excess of Other Assets - (1.04)%
  
(1,283,818)
   
Net Assets - 100.00%
$
122,952,451
         
* 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 June 30, 2006 was as follows**:

Cost of investments
$
122,210,728
     
Gross unrealized appreciation
$
3,323,758
Gross unrealized depreciation
  
(1,298,217)
Net unrealized appreciation
$
2,025,541
     

**Because tax adjustments are calculated annually, the above table does not reflect the tax adjustments outstanding.
 
 
 
 
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 8/28/06                                                            



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 8/28/06                                                              

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

Date 8/28/06                                                               

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