N-Q 1 capadv_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS capadv_nq.htm
As filed with the Securities and Exchange Commission on May 24, 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 East Michigan St.
Milwaukee, WI 53202
(Address of principal executive offices) (Zip code)



Eric M. Banhazl
Advisors Series Trust
615 East Michigan St.
Milwaukee, WI 53202

(Name and address of agent for service)


(414) 765-6609
Registrant's telephone number, including area code



Date of fiscal year end: December 31, 2007



Date of reporting period:  March 31, 2007
 
Item 1. Schedules of Investments.
 
Capital Advisors Growth Fund
    
Schedule of Investments
    
at March 31, 2007 (Unaudited)
    
         
 Shares
      
Value
   
COMMON STOCKS - 98.74%
    
   
Aerospace & Defense - 3.44%
    
               5,500
  
Boeing Co.
$
489,005
         
   
Air Freight & Logistics - 3.40%
    
               4,500
  
FedEx Corp.
  
483,435
         
   
Biotechnology - 2.35%
    
               5,975
  
Amgen, Inc.*
  
333,883
         
   
Communications Equipment - 2.78%
    
               9,290
  
QUALCOMM, Inc.
  
396,311
         
   
Computers & Peripherals - 1.07%
    
             11,000
  
EMC Corp.*
  
152,350
         
   
Diversified Financial Services - 2.31%
    
               5,500
  
Principal Financial Group, Inc.
  
329,285
         
   
Diversified Telecommunication Services - 5.73%
    
             20,675
  
AT&T, Inc.
  
815,215
         
   
Electrical Equipment - 2.51%
    
               8,300
  
Emerson Electric Co.
  
357,647
         
   
Financial Services - 5.50%
    
             14,975
  
Brookfield Asset Management, Inc. - Class A#
  
782,594
         
   
Hotels, Restaurants & Leisure - 4.07%
    
               6,100
  
Wynn Resorts, Ltd.
  
578,646
         
   
Information Retrieval Services - 2.58%
    
                  800
  
Google, Inc. - Class A*
  
366,528
         
   
Insurance - 2.17%
    
               4,600
  
American International Group, Inc.
  
309,212
         
   
Internet & Catalog Retail - 2.77%
    
             11,900
  
eBay, Inc.*
  
394,485
         
   
IT Services - 2.31%
    
             11,900
  
Electronic Data Systems Corp.
  
329,392
         
   
Machinery - 3.03%
    
               7,150
  
ITT Corp.
  
431,288
         
   
Multiline Retail - 5.21%
    
             14,000
  
Nordstrom, Inc.
  
741,160
         
   
Oil & Gas - 16.78%
    
               7,500
  
ConocoPhillips
  
512,625
               6,350
  
Devon Energy Corp.
  
439,547
             13,000
  
Occidental Petroleum Corp.
  
641,030
               2,650
  
Suncor Energy, Inc.#
  
202,328
             10,800
  
XTO Energy, Inc.
  
591,948
       
2,387,478
         
   
Pharmaceuticals - 7.36%
    
               4,800
  
Genzyme Corp.*
  
288,096
               5,640
  
Novartis AG - ADR
  
308,113
             17,890
  
Pfizer, Inc.
  
451,901
       
1,048,110
         
   
Software - 3.54%
    
             13,390
  
Autodesk, Inc.*
  
503,464
         
   
Specialty Retail - 15.85%
    
               8,660
  
Abercrombie & Fitch Co. - Class A
  
655,389
             13,000
  
Best Buy Co., Inc.
  
633,360
             18,590
  
CarMax, Inc.*
  
456,199
             14,400
  
Williams-Sonoma, Inc.
  
510,624
       
2,255,572
         
   
Technology/Hardware - 3.98%
    
               6,100
  
Apple, Inc.*
  
566,751
   
Total Common Stocks (Cost $11,754,045)
  
14,051,811
         
   
SHORT-TERM INVESTMENTS - 1.30%
    
           185,774
  
SEI Daily Income Trust Government Fund - Class B (Cost $185,774)
  
185,774
   
Total Investments in Securities (Cost $11,939,819) - 100.04%
  
14,237,585
   
Liabilities in Excess of Other Assets - (0.04)%
  
(6,184)
   
Net Assets - 100.00%
$
14,231,401
         
 * 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 March 31, 2007 was as follows**:

Cost of investments
$
11,939,819
     
Gross unrealized appreciation
$
2,420,965
Gross unrealized depreciation
  
(123,199)
Net unrealized appreciation
$
2,297,766
     

**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 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   5/21/2007                                                                   



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   5/21/2007                                                                   

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

Date   5/21/2007                                                                   

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