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

As filed with the Securities and Exchange Commission on November 28, 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
615 E. Michigan St.
Milwaukee, WI 53202 
(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: September 30, 2006 

 
 
Item 1. Schedule of Investments.
 
Capital Advisors Growth Fund
    
Schedule of Investments
   
at September 30, 2006 (Unaudited)
    
         
         
Shares
     
Value
   
COMMON STOCKS - 99.11%
    
   
Aerospace & Defense - 2.84%
    
11,500
 
Empresa Brasileira de Aeronautica SA - ADR
$
451,605
         
   
Air Freight & Logistics - 3.07%
    
4,500
 
FedEx Corp.
 
489,060
         
   
Basic Resources - 3.17%
    
13,720
 
Peabody Energy Corp.
 
504,622
         
   
Beverages - 6.87%
    
24,400
 
Constellation Brands, Inc. - Class A*
  
702,232
6,000
 
PepsiCo, Inc.
 
391,560
       
1,093,792
         
   
Biotechnology - 3.72%
    
8,275
 
Amgen, Inc.*
  
591,911
         
   
Communications Equipment - 7.26%
    
9,500
 
Cisco Systems, Inc.*
  
218,500
23,000
 
Nokia Oyj - ADR
 
452,870
13,290
 
QUALCOMM, Inc.
 
483,092
       
1,154,462
         
   
Diversified Telecommunication Services - 4.84%
    
23,675
 
AT&T, Inc.
 
770,858
         
   
Electrical Equipment - 3.16%
    
6,000
 
Emerson Electric Co.
 
503,160
         
   
Financial Services - 8.33%
    
18,975
 
Brookfield Asset Management, Inc. - Class A#
  
841,351
16,000
 
Nasdaq Stock Market, Inc.*
  
483,840
       
1,325,191
         
   
Hotels, Restaurants & Leisure - 2.61%
    
6,100
 
Wynn Resorts, Ltd.*
  
414,861
         
   
Information Retrieval Services - 2.02%
    
800
 
Google, Inc. - Class A*
  
321,520
         
   
Insurance - 2.91%
    
7,000
 
American International Group, Inc.
 
463,820
         
   
Internet & Catalog Retail - 4.77%
    
12,775
 
Coldwater Creek, Inc.*
  
367,409
13,800
 
eBay, Inc.*
  
391,368
       
758,777
         
   
Multiline Retail - 4.60%
    
17,300
 
Nordstrom, Inc.
 
731,790
         
   
Oil & Gas - 8.05%
    
11,000
 
ConocoPhillips
 
654,830
13,000
 
Occidental Petroleum Corp.
 
625,430
       
1,280,260
         
   
Pharmaceuticals - 3.06%
    
8,340
 
Novartis AG - ADR
 
487,390
         
   
Road & Rail - 4.76%
    
4,765
 
Burlington Northern Santa Fe Corp.
 
349,941
9,235
 
Norfolk Southern Corp.
 
406,802
       
756,743
         
   
Software - 5.08%
    
14,390
 
Autodesk, Inc.*
  
500,484
11,260
 
Microsoft Corp.
 
307,736
       
808,220
         
   
Specialty Retail - 15.45%
    
11,360
 
Abercrombie & Fitch Co. - Class A
 
789,293
15,000
 
Best Buy Co., Inc.
 
803,400
9,575
 
CarMax, Inc.*
  
399,373
14,400
 
Williams-Sonoma, Inc.
 
466,416
       
2,458,482
         
   
Technology/Hardware - 2.54%
    
5,250
 
Apple Computer, Inc.*
  
404,407
   
Total Common Stocks (Cost $13,813,472)
  
15,770,931
   
SHORT-TERM INVESTMENTS - 1.02%
    
162,608
 
SEI Daily Income Trust Government Fund - Class B (Cost 162,608)
 
162,608
   
Total Investments in Securities (Cost $13,976,080) - 100.13%
  
15,933,539
   
Liabilities in Excess of Other Assets - (0.13)%
  
(20,208)
   
Net Assets - 100.00%
$
15,913,331
         
* Non-income producing security.
   
# U.S. traded security of a foreign issuer.
   
ADR - American Depository Receipt
   
 

The cost basis of investments for federal income tax purposes at September 30, 2006 was as follows**:

Cost of investments
$
13,989,419
     
Gross unrealized appreciation
$
2,474,510
Gross unrealized depreciation
  
(530,390)
Net unrealized appreciation
$
1,944,120
     

**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 or semi-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 1940 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 11/17/06                                                                                      



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 11/17/06

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

Date 11/17/06                                                                                        

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