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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001545440</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000077489</seriesId>
        <classId>C000237953</classId>
        <classId>C000237955</classId>
        <classId>C000237956</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
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      <regName>Ultimus Managers Trust</regName>
      <regFileNumber>811-22680</regFileNumber>
      <regCik>0001545440</regCik>
      <regLei>549300FU214TAR7BFY91</regLei>
      <regStreet1>225 Pictoria Drive</regStreet1>
      <regStreet2>Suite 450</regStreet2>
      <regCity>Cincinnati</regCity>
      <regStateConditional regCountry="US" regState="US-OH"/>
      <regZipOrPostalCode>45246</regZipOrPostalCode>
      <regPhone>513-587-3400</regPhone>
      <seriesName>WESTWOOD BROADMARK TACTICAL PLUS FUND</seriesName>
      <seriesId>S000077489</seriesId>
      <seriesLei>549300KBTHPOJ5JVIL35</seriesLei>
      <repPdEnd>2026-10-31</repPdEnd>
      <repPdDate>2026-01-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>64262776.44</totAssets>
      <totLiabs>371056.11</totLiabs>
      <netAssets>63891720.33</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>0.00</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000237953" rtn1="-0.00000600" rtn2="-0.09434700" rtn3="2.81279200"/>
          <monthlyTotReturn classId="C000237955" rtn1="0.08997500" rtn2="-0.07546000" rtn3="2.86501800"/>
          <monthlyTotReturn classId="C000237956" rtn1="0.09237600" rtn2="-0.07199200" rtn3="2.85167400"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
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            <mon2 netRealizedGain="606017.72000000" netUnrealizedAppr="-913455.80000000"/>
            <mon3 netRealizedGain="-92660.72000000" netUnrealizedAppr="453912.50000000"/>
            <futureCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-376275"/>
              <instrMon2 netRealizedGain="817663.05000000" netUnrealizedAppr="-1073021.13000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="453912.50000000"/>
            </futureCategory>
            <optionCategory>
              <instrMon1 netRealizedGain="-511229.73000000" netUnrealizedAppr="38259.23"/>
              <instrMon2 netRealizedGain="-211645.33000000" netUnrealizedAppr="159565.33000000"/>
              <instrMon3 netRealizedGain="-92660.72000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="772030.94000000"/>
        <othMon2 netRealizedGain="0.00000000" netUnrealizedAppr="97205.50000000"/>
        <othMon3 netRealizedGain="890571.05000000" netUnrealizedAppr="439904.78000000"/>
      </returnInfo>
      <mon1Flow redemption="61694.88000000" reinvestment="0.00000000" sales="263101.67000000"/>
      <mon2Flow redemption="190232.44000000" reinvestment="1753866.34000000" sales="866597.71000000"/>
      <mon3Flow redemption="2335394.28000000" reinvestment="0.00000000" sales="1233109.64000000"/>

      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>Russell 2000</nameDesignatedIndex>
          <indexIdentifier>RU2000</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>First American Funds Inc.</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U</title>
        <cusip>31846V211</cusip>
        <identifiers>
          <isin value="US31846V2117"/>
        </identifiers>
        <balance>44502528.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>44502528.00000000</valUSD>
        <pctVal>69.65304388447</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>Invesco Exchange-Traded Fund Trust</name>
        <lei>QPT4TMG79RF3UWNU0R52</lei>
        <title>Invesco S&amp;P 500 Equal Weight ETF </title>
        <cusip>46137V357</cusip>
        <identifiers>
          <isin value="US46137V3574"/>
        </identifiers>
        <balance>38299.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7586265.92000000</valUSD>
        <pctVal>11.87362913506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>SPDR Series Trust</name>
        <lei>5493004JVD6CQEEJSS37</lei>
        <title>SPDR S&amp;P METALS &amp; MINING ETF </title>
        <cusip>78464A755</cusip>
        <identifiers>
          <isin value="US78464A7550"/>
        </identifiers>
        <balance>29919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3551983.68000000</valUSD>
        <pctVal>5.559380247791</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>VanEck ETF Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VanEck Gold Miners ETFA </title>
        <cusip>92189F106</cusip>
        <identifiers>
          <isin value="US92189F1066"/>
        </identifiers>
        <balance>22193.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2090580.60000000</valUSD>
        <pctVal>3.272068100846</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>CME E-Mini Standard &amp; Poor's 500 Index Future 2026-03-20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ESH6 INDEX"/>
        </identifiers>
        <balance>89.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>422770.47000000</valUSD>
        <pctVal>0.661698366887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS, INC (WAS SSB)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>CME E-Mini Standard &amp; Poor's 500 Index Future</issueTitle>
                <identifiers>
                  <ticker value="ESH6 IND"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-23</expDate>
            <notionalAmt>30997587.50000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>422770.47000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY &amp; COMPANY MARGIN DEPOSIT ACCOUNT </name>
        <lei>N/A</lei>
        <title>MORGAN STANLEY &amp; COMPANY MARGIN DEPOSIT ACCOUNT </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
        </identifiers>
        <balance>3245244.44000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3245244.44000000</valUSD>
        <pctVal>5.079287931579</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>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>CME E-Mini NASDAQ 100 Index Future 2026-03-20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NQH6 INDEX"/>
        </identifiers>
        <balance>30.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200980.02000000</valUSD>
        <pctVal>0.314563481718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CITIGROUP GLOBAL MARKETS, INC (WAS SSB)</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>CHICAGO MERCANTILE EXCHANGE</issuerName>
                <issueTitle>CME E-Mini NASDAQ 100 Index Future</issueTitle>
                <identifiers>
                  <ticker value="NQH6 IND"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <expDate>2026-03-23</expDate>
            <notionalAmt>15402000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>200980.02000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Westwood Broadmark Tactical Plus Fund</ncom:nameOfApplicant>
      <ncom:signature>Daniel D. Bauer</ncom:signature>
      <ncom:signerName>Daniel D. Bauer</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
