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 March 1, 2007



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: September 30, 2007



Date of reporting period: December 31, 2006 


Item 1. Schedule of Investments.
Rigel U.S. Equity Large Cap Growth Fund
   
Schedule of Investments
   
at December 31, 2006 (Unaudited)
   
         
         
Shares
     
Value
   
COMMON STOCKS - 94.8%
    
   
Aerospace & Defense - 4.0%
    
28,385
 
General Dynamics Corp.
$
2,110,425
19,316
 
Precision Castparts Corp.
 
1,512,056
28,219
 
United Technologies Corp.
 
1,764,252
       
5,386,733
         
   
Beverages - 0.5%
    
9,670
 
PepsiCo, Inc.
 
604,859
         
   
Biotechnology - 6.9%
    
38,010
 
Amgen, Inc.*
  
2,596,463
48,081
 
Celgene Corp.*
  
2,766,100
58,916
 
Gilead Sciences, Inc.*
  
3,825,416
       
9,187,979
         
   
Capital Markets - 3.7%
    
41,300
 
Morgan Stanley
 
3,363,059
23,106
 
State Street Corp.
 
1,558,269
       
4,921,328
         
   
Chemicals - 4.0%
    
38,945
 
Ecolab, Inc.
 
1,760,314
60,580
 
Praxair, Inc.
 
3,594,211
       
5,354,525
         
 
  
Commercial Banks - 1.8%
    
68,947
 
Wells Fargo & Co.
 
2,451,755
         
   
Computers & Peripherals - 9.2%
    
56,075
 
Apple, Inc.*
  
4,757,403
114,016
 
Hewlett-Packard Co.
 
4,696,319
73,345
 
Network Appliance, Inc.*
  
2,880,992
       
12,334,714
         
   
Diversified Financial Services - 3.6%
    
3,100
 
Chicago Mercantile Exchange Holdings, Inc.
 
1,580,225
54,275
 
Principal Financial Group, Inc.
 
3,185,942
       
4,766,167
         
   
Diversified Telecommunication Services - 4.0%
    
103,125
 
AT&T, Inc.
 
3,686,719
35,350
 
BellSouth Corp.
 
1,665,339
       
5,352,058
         
   
Electrical Equipment - 1.3%
    
37,950
 
Emerson Electric Co.
 
1,673,215
         
   
Electronic Equipment & Instruments - 0.7%
    
14,540
 
Amphenol Corp.
 
902,643
         
   
Energy Equipment & Services - 3.2%
    
49,121
 
Cameron International Corp.*
  
2,605,869
27,595
 
GlobalSantaFe Corp.#
  
1,622,034
       
4,227,903
         
   
Health Care Equipment & Supplies - 5.7%
    
62,607
 
Baxter International, Inc.
 
2,904,339
20,125
 
C. R. Bard, Inc.
 
1,669,771
54,030
 
Stryker Corp.
  
2,977,593
       
7,551,703
         
   
Health Care Providers & Services - 1.8%
    
17,565
 
AmerisourceBergen Corp.
 
789,722
22,498
 
Laboratory Corporation of America Holdings*
  
1,652,928
       
2,442,650
         
   
Hotels, Restaurants & Leisure - 1.2%
    
36,950
 
McDonald's Corp.
  
1,637,994
         
   
Household Products - 4.8%
    
10,035
 
Clorox Co.
  
643,745
31,430
 
Colgate-Palmolive Co.
 
2,050,493
58,835
 
Procter & Gamble Co.
  
3,781,325
       
6,475,563
         
   
Industrial Conglomerates - 2.3%
    
83,075
 
General Electric Co.
  
3,091,221
         
   
Insurance - 2.0%
    
51,393
 
Chubb Corp.
  
2,719,204
         
   
IT Services - 4.7%
    
36,382
 
Alliance Data Systems Corp.*
  
2,272,784
52,584
 
Cognizant Technology Solutions Corp.*
  
4,057,381
       
6,330,165
         
   
Life Science Tools & Services - 1.8%
    
52,670
 
Thermo Fisher Scientific, Inc.*
  
2,385,424
         
   
Machinery - 3.0%
    
44,213
 
Danaher Corp.
 
3,202,790
11,822
 
PACCAR, Inc.
  
767,248
       
3,970,038
         
   
Media - 8.1%
    
41,100
 
Comcast Corp. - Class A*
  
1,739,763
74,900
 
DIRECTV Group, Inc.*
  
1,868,006
158,300
 
News Corp. - Class A
  
3,400,284
111,947
 
The Walt Disney Co.
 
3,836,424
       
10,844,477
         
   
Multiline Retail - 0.9%
    
17,585
 
Kohl's Corp.*
  
1,203,342
         
   
Oil & Gas - 3.1%
    
48,205
 
ENSCO International, Inc.
  
2,413,142
9,371
 
Marathon Oil Corp.
 
866,818
18,114
 
Noble Energy, Inc.
 
888,854
       
4,168,814
         
   
Pharmaceuticals - 4.7%
    
50,875
 
Johnson & Johnson
 
3,358,767
126,159
 
Schering-Plough Corp.
  
2,982,399
       
6,341,166
         
   
Search, Detection, Navigation, Guidance, Aeronautical & Nautical - 0.4%
    
9,496
 
Garmin Ltd.#
  
528,547
         
   
Software - 2.0%
    
156,200
 
Oracle Corp.*
  
2,677,268
         
   
Specialty Retail - 1.9%
    
67,296
 
Office Depot, Inc.*
  
2,568,688
         
   
Wireless Telecommunication Services - 3.5%
    
44,868
 
American Tower Corp. - Class A*
  
1,672,679
47,602
 
NII Holdings, Inc.*
  
3,067,473
       
4,740,152
         
   
Total Common Stocks (Cost $117,254,289)
  
126,840,295
         
   
SHORT-TERM INVESTMENTS - 5.8%
    
1,536,142
 
AIM Liquid Assets
  
1,536,142
6,049
 
AIM STIT-STIC Prime Portfolio
  
6,049
2,623,841
 
AIM STIT-Treasury Portfolio
  
2,623,841
1,999,258
 
Fidelity Institutional Government Portfolio
 
1,999,258
1,641,952
 
Fidelity Institutional Money Market Portfolio
 
1,641,952
   
Total Short-Term Investments (Cost $7,807,242)
  
7,807,242
         
   
Total Investments in Securities (Cost $125,061,531) - 100.6%
  
134,647,537
   
Liabilities in Excess of Other Assets - (0.6)%
  
(880,264)
   
Net Assets - 100.00%
$
133,767,273
         
* 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 December 31, 2006 was as follows**:

Cost of investments
$
125,622,028
     
Gross unrealized appreciation
$
10,342,778
Gross unrealized depreciation
  
(1,317,269)
Net unrealized appreciation
$
9,025,509
     

**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 Rule 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   2/23/07                                                                        



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   2/23/07                                                                        

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

Date   2/21/07                                                                        

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