NPORT-P
false
0001318342
XXXXXXXX
S000041406
C000128409
C000128408
INVESTMENT MANAGERS SERIES TRUST
811-21719
0001318342
549300ESWU4ZNAH5Y054
235 WEST GALENA STREET
MILWAUKEE
532123948
4142992000
SilverPepper Merger Arbitrage Fund
S000041406
549300OOD5K68ZK65M25
2020-06-30
2020-03-31
N
58425664.100000000000
8249197.400000000000
50176466.700000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
4381963.690000000000
N
AbbVie Inc
FR5LCKFTG8054YNNRU85
AbbVie, Inc.
00287Y109
-18937
NS
USD
-1442810.03
-2.8754715605
Short
EC
CORP
US
N
1
N
N
N
Allergan PLC
635400FWJZQC1IPYUH69
Allergan PLC
G0177J108
21867
NS
USD
3872645.70
7.7180518173
Long
EC
CORP
US
N
1
N
N
N
Bristol-Myers Squibb Co
HLYYNH7UQUORYSJQCN42
Bristol-Myers Squibb Co.
110122157
60000
NC
USD
228000
0.4543962837
N/A
DE
CORP
US
N
1
New York
N/A
Call
Purchased
Bristol-Myers Squibb Co
Bristol-Myers Squibb Co
0
0.000000000000
USD
2020-12-30
XXXX
100200
N
N
N
Craft Brew Alliance Inc
JJD4WAP2U5KDLYQQGZ83
Craft Brew Alliance, Inc.
224122101
177442
NS
USD
2643885.80
5.2691749218
Long
EC
CORP
US
N
1
N
N
N
BorgWarner Inc
549300DSFX2IE88NSX47
BorgWarner, Inc.
099724106
-578
NS
USD
-14085.86
-0.0280726423
Short
EC
CORP
US
N
1
N
N
N
Carolina Financial Corp
549300J88S3H0BJR4L76
Carolina Financial Corp.
143873107
37611
NS
USD
972996.57
1.9391492347
Long
EC
CORP
US
N
1
N
N
N
Cambridge Bancorp
N/A
Cambridge Bancorp
132152109
-15253
NS
USD
-793156
-1.5807330650
Short
EC
CORP
US
N
1
N
N
N
CenterState Bank Corp
N/A
CenterState Bank Corp.
15201P109
9636
NS
USD
166028.28
0.3308887431
Long
EC
CORP
US
N
1
N
N
N
Delphi Technologies PLC
549300SEU65CJHRH6V04
Delphi Technologies PLC
G2709G107
1276
NS
USD
10271.80
0.0204713498
Long
EC
CORP
GB
N
1
N
N
N
El Paso Electric Co
OZ8GM8L4AHPKSWZMW205
El Paso Electric Co.
283677854
41800
NS
USD
2840728
5.6614747646
Long
EC
CORP
US
N
1
N
N
N
First Bancshares Inc/The
5493006DL5RXJODMAF36
First Bancshares, Inc.
318916103
-7028
NS
USD
-134023.96
-0.2671052165
Short
EC
CORP
US
N
1
N
N
N
First Horizon National Corp
TF3RXI1ZB1TQ30H9JV10
First Horizon National Corp.
320517105
-214839
NS
USD
-1731602.34
-3.4510248606
Short
EC
CORP
US
N
1
N
N
N
ForeScout Technologies Inc
529900UJ1QN3N3MQ2826
ForeScout Technologies, Inc.
34553D101
114237
NS
USD
3608746.83
7.1921103006
Long
EC
CORP
US
N
1
N
N
N
Forty Seven Inc
549300J6U8QUO8OJJ167
Forty Seven, Inc.
34983P104
18222
NS
USD
1738743.24
3.4652564327
Long
EC
CORP
US
N
1
N
N
N
IBERIABANK Corp
WQ4U3ADCR5WID15LA317
IBERIABANK Corp.
450828108
46926
NS
USD
1696844.16
3.3817529842
Long
EC
CORP
US
N
1
N
N
N
Kearny Financial Corp/MD
N/A
Kearny Financial Corp.
48716P108
-382
NS
USD
-3281.38
-0.0065396793
Short
EC
CORP
US
N
1
N
N
N
Legg Mason Inc
OWUNCC6U1ZJXMZKFBJ36
Legg Mason, Inc.
524901105
53235
NS
USD
2600529.75
5.1827677815
Long
EC
CORP
US
N
1
N
N
N
LogMeIn Inc
549300D12V5KRBV00592
LogMeIn, Inc.
54142L109
38516
NS
USD
3207612.48
6.3926631167
Long
EC
CORP
US
N
1
N
N
N
Meet Group Inc/The
549300G36FY0SJT18C53
Meet Group, Inc.
58513U101
9918
NS
USD
58218.66
0.1160278191
Long
EC
CORP
US
N
1
N
N
N
MutualFirst Financial Inc
5493004W2SYBLE5X7W66
MutualFirst Financial, Inc.
62845B104
21853
NS
USD
616254.60
1.2281745618
Long
EC
CORP
US
N
1
N
N
N
UMB MONEY MARKET FIDUCIARY /
N/A
UMB MONEY MARKET FIDUCIARY /
SF8888528
12223597.81
PA
USD
12223597.81
24.3612167494
Long
STIV
CORP
US
N
1
N
N
N
MSB Financial Corp/MD
N/A
MSB Financial Corp.
55352L101
327
NS
USD
4002.48
0.0079768072
Long
EC
CORP
US
N
1
N
N
N
Northwest Bancshares Inc
N/A
Northwest Bancshares, Inc.
667340103
-51906
NS
USD
-600552.42
-1.1968806484
Short
EC
CORP
US
N
1
N
N
N
Opus Bank
5493002PJJERLWZ9O392
Opus Bank
684000102
-4033
NS
USD
-69891.89
-0.1392921714
Short
EC
CORP
US
N
1
N
N
N
PB Bancorp Inc
N/A
PB Bancorp, Inc.
70454T100
111428
NS
USD
1660277.20
3.3088762705
Long
EC
CORP
US
N
1
N
N
N
Pacific Premier Bancorp Inc
549300Q1KIC3KLI0XG98
Pacific Premier Bancorp, Inc.
69478X105
3629
NS
USD
68370.36
0.1362598136
Long
EC
CORP
US
N
1
N
N
N
Front Yard Residential Corp
N/A
Front Yard Residential Corp. - REIT
35904G107
252090
NS
USD
3012475.50
6.0037617196
Long
CORP
VI
N
1
N
N
N
Rubicon Project Inc/The
54930018FR2YX1HHSB02
Rubicon Project, Inc.
78112V102
-2785
NS
USD
-15456.75
-0.0308047796
Short
EC
CORP
US
N
1
N
N
N
Southwest Georgia Financial Co
N/A
Southwest Georgia Financial Corp.
84502A104
7283
NS
USD
133000.69
0.2650658740
Long
EC
CORP
US
N
1
N
N
N
A SCHULMAN, Inc. CONTINGENT VALUE RHT /
N/A
A SCHULMAN, Inc. CONTINGENT VALUE RHT /
808CVR104
10316
NC
USD
5392.17
0.0107464123
N/A
DE
CORP
US
N
3
Manual
N/A
Call
Purchased
SCHULMAN A INC COM
SCHULMAN A INC COM
1
0.000000000000
USD
2020-12-30
XXXX
5392.17
N
N
N
South State Corp
549300JZUANXM0YQ4W53
South State Corp.
840441109
-2892
NS
USD
-169847.16
-0.3384996417
Short
EC
CORP
US
N
1
N
N
N
Taubman Centers Inc
N/A
Taubman Centers, Inc. - REIT
876664103
92808
NS
USD
3886799.04
7.7462589449
Long
CORP
US
N
1
N
N
N
Tech Data Corp
549300EK847TAWPJWF34
Tech Data Corp.
878237106
7832
NS
USD
1024817.20
2.0424259965
Long
EC
CORP
US
N
1
N
N
N
Tallgrass Energy LP
N/A
Tallgrass Energy LP - Class A
874696107
292000
NS
USD
4806320
9.5788330987
Long
EC
CORP
US
N
1
N
N
N
TiVo Corp
529900HSQ8AE0RC8VD16
TiVo Corp.
88870P106
718
NS
USD
5083.44
0.0101311239
Long
EC
CORP
US
N
1
N
N
N
Telaria Inc
549300U07YJMMR1AFI64
Telaria, Inc.
879181105
2574
NS
USD
15444
0.0307793693
Long
EC
CORP
US
N
1
N
N
N
United Bankshares Inc/WV
5299005O3BAMJ9Z92V62
United Bankshares, Inc.
909907107
-42501
NS
USD
-980923.08
-1.9549465008
Short
EC
CORP
US
N
1
N
N
N
Wellesley Bank
549300VL5YQZY88SDD73
Wellesley Bank
949485106
26169
NS
USD
771723.81
1.5380194357
Long
EC
CORP
US
N
1
N
N
N
Xperi Corp
529900L3ZKEYH5WX3L03
Xperi Corp.
98421B100
-327
NS
USD
-4548.57
-0.0090651461
Short
EC
CORP
US
N
1
N
N
N
2020-05-29
INVESTMENT MANAGERS SERIES TRUST
/s/ Terrance P. Gallagher
Terrance P. Gallagher
Assistant Vice President
XXXX