<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001295908</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000010517</seriesId>
        <classId>C000029038</classId>
      </seriesClassInfo>

    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Centaur Mutual Funds Trust</regName>
      <regFileNumber>811-21606</regFileNumber>
      <regCik>0001295908</regCik>
      <regLei>549300GO6NCNZW5LQA37</regLei>
      <regStreet1>1460 Main St.</regStreet1>
      <regStreet2>Suite 234</regStreet2>
      <regCity>Southlake</regCity>
      <regStateConditional regCountry="US" regState="US-TX"/>
      <regZipOrPostalCode>76092</regZipOrPostalCode>
      <regPhone>817-488-9632</regPhone>
      <seriesName>DCM/INNOVA HIGH EQUITY INCOME INNOVATION</seriesName>
      <seriesId>S000010517</seriesId>
      <seriesLei>549300GO6NCNZW5LQA37</seriesLei>
      <repPdEnd>2024-10-31</repPdEnd>
      <repPdDate>2024-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>7423933.86</totAssets>
      <totLiabs>56315.86</totLiabs>
      <netAssets>7367618.00</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>7014950.01</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000029038" rtn1="1.96377200" rtn2="3.39239000" rtn3="-4.65121100"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="940623.85000000" netUnrealizedAppr="-629274.12000000"/>
        <othMon2 netRealizedGain="437196.10000000" netUnrealizedAppr="-170736.30000000"/>
        <othMon3 netRealizedGain="498766.57000000" netUnrealizedAppr="-854296.69000000"/>
      </returnInfo>
      <mon1Flow redemption="3172848.53000000" reinvestment="6335.58000000" sales="9350.06000000"/>
      <mon2Flow redemption="686755.37000000" reinvestment="11638.38000000" sales="10350.00000000"/>
      <mon3Flow redemption="129825.02000000" reinvestment="7176.63000000" sales="150.00000000"/>


      <varInfo>


      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>First American Funds Inc.</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>First American Treasury Obligations Fund </title>
        <cusip>31846V328</cusip>
        <identifiers>
          <isin value="US31846V3289"/>
        </identifiers>
        <balance>182936.63000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182936.63000000</valUSD>
        <pctVal>2.482982016711</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Media General, Inc.</name>
        <lei>5493005Q6QE29UIIR333</lei>
        <title>ABIOMED, Inc. CVR Right </title>
        <cusip>58441K100</cusip>
        <identifiers>
          <isin value="US58441K1007"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Centaur Mutual Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Gregory Knoth</ncom:signature>
      <ncom:signerName>Gregory Knoth</ncom:signerName>
      <ncom:title>SVP, Mutual Fund Controller</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
