N-Q 1 capadv_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS capadv_nq.htm
As filed with the Securities and Exchange Commission on November 29, 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)



Jeanine M. Bajczyk
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:  September 30, 2007

Item 1. Schedules of Investments.
Capital Advisors Growth Fund
      
Schedule of Investments
      
at September 30, 2007 (Unaudited)
      
           
Shares
      
Value
  
   
COMMON STOCKS - 96.71%
      
   
Aerospace & Defense - 3.57%
      
 
5,500
  
Boeing Co.
   $
577,445
  
               
     
Air Freight & Logistics - 2.92%
        
 
4,500
  
FedEx Corp.
    
471,375
  
               
     
Communications Equipment - 2.18%
        
 
4,650
  
Cisco Systems, Inc.*
    
153,961
  
 
2,010
  
Research In Motion Ltd.*#
    
198,086
  
           
352,047
  
               
     
Computers & Peripherals - 2.96%
        
 
22,950
  
EMC Corp.*
    
477,360
  
               
     
Consumer Finance - 3.38%
        
 
9,200
  
American Express Co.
    
546,204
  
               
     
Consumer Merchandise - 2.43%
        
 
8,000
  
Guess ?, Inc.
    
392,240
  
               
     
Diversified Financial Services - 1.90%
        
 
6,700
  
JPMorgan Chase & Co.
    
306,994
  
               
     
Diversified Telecommunication Services - 2.47%
        
 
9,435
  
AT&T, Inc.
    
399,195
  
               
     
Electrical Equipment - 2.73%
        
 
8,300
  
Emerson Electric Co.
    
441,726
  
               
     
Energy - 5.69%
        
 
3,300
  
China Petroleum & Chemical Corp. - ADR
    
406,263
  
 
9,000
  
Marathon Oil Corp.
    
513,180
  
           
919,443
  
               
     
Energy Equipment & Services - 3.05%
        
 
4,700
  
Schlumberger Ltd.#
    
493,500
  
               
     
Financial Services - 1.62%
        
 
6,800
  
Brookfield Asset Management, Inc. - Class A#
    
261,800
  
               
     
Food & Staples Retailing - 2.91%
        
 
9,610
  
Whole Foods Market, Inc.
    
470,506
  
               
     
Health Care Providers & Services - 1.80%
        
 
6,000
  
UnitedHealth Group, Inc.
    
290,580
  
               
     
Hotels, Restaurants & Leisure - 5.89%
        
 
4,000
  
Wynn Resorts, Ltd.
    
630,240
  
 
9,500
  
Yum! Brands, Inc.
    
321,385
  
           
951,625
  
               
     
Information Retrieval Services - 2.81%
        
 
800
  
Google, Inc. - Class A*
    
453,816
  
               
     
Insurance - 1.72%
        
 
4,100
  
American International Group, Inc.
    
277,365
  
               
     
Internet & Catalog Retail - 2.87%
        
 
11,900
  
eBay, Inc.*
    
464,338
  
               
     
Machinery - 3.01%
        
 
7,150
  
ITT Corp.
    
485,699
  
               
     
Media - 2.53%
        
 
479
  
Citadel Broadcasting Corp.
    
1,993
  
 
10,460
  
Time Warner, Inc.
    
192,046
  
 
6,250
  
The Walt Disney Co.
    
214,937
  
           
408,976
  
               
     
Multiline Retail - 2.03%
        
 
7,000
  
Nordstrom, Inc.
    
328,230
  
               
     
Oil & Gas - 15.14%
        
 
7,500
  
ConocoPhillips
    
658,275
  
 
6,350
  
Devon Energy Corp.
    
528,320
  
 
6,500
  
Occidental Petroleum Corp.
    
416,520
  
 
2,650
  
Suncor Energy, Inc.#
    
251,247
  
 
9,560
  
XTO Energy, Inc.
    
591,190
  
           
2,445,552
  
               
     
Pharmaceuticals - 3.08%
        
 
4,800
  
Genzyme Corp.*
    
297,408
  
 
3,640
  
Novartis AG - ADR
    
200,054
  
           
497,462
  
               
     
Road & Rail - 6.11%
        
 
6,965
  
Burlington Northern Santa Fe Corp.
    
565,349
  
 
8,135
  
Norfolk Southern Corp.
    
422,288
  
           
987,637
  
               
     
Software - 3.12%
        
 
10,090
  
Autodesk, Inc.*
    
504,197
  
               
     
Specialty Retail - 6.78%
        
 
4,960
  
Abercrombie & Fitch Co. - Class A
    
400,272
  
 
17,590
  
CarMax, Inc.*
    
357,605
  
 
7,160
  
Coach, Inc.*
    
338,453
  
           
1,096,330
  
               
     
Technology/Hardware - 2.01%
        
 
2,110
  
Apple, Inc.*
    
323,969
  
     
Total Common Stocks (Cost $12,806,593)
    
15,625,611
  
               
     
SHORT-TERM INVESTMENTS - 3.43%
        
 
554,035
  
SEI Daily Income Trust Government Fund (Cost $554,035)
    
554,035
  
     
Total Investments in Securities (Cost $13,360,628) - 100.14%
    
16,179,646
  
     
Liabilities in Excess of Other Assets - (0.14)%
     (22,036 )
     
Net Assets - 100.00%
   $
16,157,610
  
               

 * 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, 2007 was as follows**:

Cost of investments
$
13,360,628
  
       
Gross unrealized appreciation
$
2,996,141
  
Gross unrealized depreciation
  
(177,123)
  
Net unrealized appreciation
$
2,819,018
  
       

**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 Chairman/Chief Executive Officer and President 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/ Joe D. Redwine                         
Joe D. Redwine, Chairman

Date   11/28/2007                                                                            



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/ Joe D. Redwine                         
Joe D. Redwine, Chairman

Date   11/28/2007                                                                            

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

Date   11/26/2007                                                                            

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