UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington , DC 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
INVESTMENT COMPANY

Investment Company Act file number 811-04750

FENIMORE ASSET MANAGEMENT TRUST
(Exact name of Registrant as specified in charter)

384 North Grand Street
Cobleskill, New York 12043
(Address of principal executive offices) (Zip code)

Thomas O. Putnam

Fenimore Asset Management Trust

384 North Grand Street

Cobleskill , New York 12043

(Name and address of agent for service)

Registrant's telephone number, including area code: 1-800-932-3271

Date of fiscal year end: December 31

Date of reporting period: SEPTEMBER 30, 2016

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW , Washington , DC 20549-0609 The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C.Section 3507.

Item 1.Schedule of Investments.

9/30/2016

FAMVALUEFUND

INDUSTRY

SECURITYDESCRIPTION

SHARES/PARMARKETVALUE

CARPETS&RUGS

MOHAWKINDUSTRIES*

103,100

20,655,054

CRUDEPETROLEUM&NATURAL GAS

EOGRESOURCES,INC

345,000

33,364,950

FIRE,MARINE&CASUALTY INSURANCE

BERKSHIREHATHAWAY*

163

35,243,860

LOEWSCORP

269,700

11,098,155

MARKELCORPORATION*

53,850

50,014,264

WHITEMOUNTAINSINS

46,897

38,924,510

FIRE,MARINE&CASUALTY INSURANCEINTOTALS:

135,280,789

GENERALINDUSTRIALMACHINE

ILLINOISTOOLWORKS

339,950

40,739,608

INDUSTRIAL&COMMERCIALFANS, BLOWERS

DONALDSONCOMPANY

695,400

25,959,282

INDUSTRIAL INSTRUMENTS

KEYSIGHT TECHNOLOGIES*

530,000

16,795,700

INSURANCEAGENTS,BROKERS

BROWN&BROWNINC

1,209,696

45,617,636

INVESTMENTADVICE

FRANKLINRESOURCES

580,000

20,630,600

LABORATORYANALYTICAL INSTRUMENTSI

WATERSCORP*

125,000

19,811,250

OPERATORSOFNONRESIDENTIAL BUILDINGS

BROOKFIELDASSETMGT

1,102,500

38,785,950

PUMPS&PUMPINGEQUIPMEMENT

GRACOINC.

215,550

15,950,700

IDEXCORP.

576,750

53,966,497

PUMPS&PUMPINGEQUIPMETOTALS:

69,917,197

REALESTATEINVESTMENTTRUSTS

MARRIOTTINTERNATION

128,800

8,672,104

RETAIL‐EATINGPLACES

YUM!BRANDS,INC.

245,600

22,302,936

RETAIL‐AUTO&HOMESTORES

AUTOZONE,INC*

41,700

32,039,778

RETAIL‐AUTODEALERS

CARMAX,INC.*

615,000

32,810,250

RETAIL‐CATALOG&MAILORDER

CDWCORPORATION

858,000

39,236,340

RETAIL‐FAMILYCLOTHING

ROSSSTORES,INC

810,688

52,127,238

RETAIL‐SHOESTORES

DSWINC.

693,709

14,207,160

SAVINGSINSTITUTIONS,F

FORESTCITYENTERPRISES*

680,000

15,728,400

SEARCH,DETECTION,NAVIGATION

FLIRSYSTEMSINC

624,728

19,628,953

SECURITY&COMMODITYBROKERS

TROWEPRICEGROUP

344,500

22,909,250

SEMICONDUCTORS&RELATE

MICROCHIPTECHNOLOGY

295,000

18,331,300

SERVICES‐ADVERTISINGAG

INTERPUBLICGROUP

1,291,700

28,869,495

SERVICES‐HOSPITALS

MEDNAX,INC*

451,400

29,905,250

STATECOMMERCIALBANKS

M&TBANKCORP

179,000

20,781,900

BANKOFTHEOZARKS

506,000

19,430,400

SOUTHSTATECORP

234,110

17,567,614

STATECOMMERCIALBANKSTOTALS:

57,779,914

SURGICAL&MEDICALINST

STRYKERCORP

216,000

25,144,560

TRANSPORTATIONOFFREIGHT

FORWARDAIRCORP

389,233

16,838,219

TRUCKING(NOLOCAL)

KNIGHTTRANSPORT

161,720

4,639,746

LANDSTARSYSTEMINC

72,785

4,955,203

TRUCKING(NOLOCAL)    TOTALS:

9,594,949

WHOLESALE‐MEDICAL,DENT

PATTERSONCOSINC

445,000

20,443,300

COMMON STOCK TOTAL

934,127,412

CASHEQUIVALENTS

INVESCO SHORT TERM TREASURYFUND

105,510,459

FINALTOTALS

1,039,637,871

SEPTEMBER 30, 2016

INDUSTRY

SECURITYDESCRIPTION

SHARES/PARMARKETVALUE

ADVERTISINGAGENCY

OMNICOMGROUP

21,000

1,785,000

CRUDEPETROLEUM&NATURAL GAS

EOGRESOURCES,INC

78,000

7,543,380

DOLLS&STUFFEDTOYS

MATTEL,INC

98,299

2,976,493

FOOD&KINDREDPRODUCTS

FLOWERSFOODS,INC

477,550

7,220,556

GENERALINDUSTRIALMACHINERY

INGERSOLL‐RANDPLC

63,000

4,280,220

INDUSTRIALGASES

AIRPRODUCTS&CHEMICALS

48,000

7,216,320

INDUSTRIAL&COMMERCIALFANS, BLOWERS

DONALDSONCOMPANY

125,600

4,688,648

INSURANCEAGENTS,BROKERS

ARTHURJGALLAGHER

183,920

9,356,010

INVESTMENTADVICE

FRANKLINRESOURCES

89,900

3,197,743

PLASTICSPRODUCTS,NEC

TUPPERWAREBRANDSCO

66,000

4,314,420

PUMPS&PUMPINGEQUIPMENT

IDEXCORP.

62,984

5,893,412

REALESTATEINVESTMENT TRUSTS

DIGITALREALTYTRUST

47,000

4,564,640

REFUSESYSTEMS

USECOLOGYINC

186,569

8,365,753

RETAIL‐CATALOG&MAILORDER

CDWCORPORATION

217,000

9,923,410

RETAIL‐FAMILYCLOTHING

ROSSSTORES,INC

129,686

8,338,809

RETAIL‐SHOESTORES

DSWINC.

293,201

6,004,756

SECURITY&COMMODITYBROKERS

TROWEPRICEGROUP

48,000

3,192,000

SEMICONDUCTORS&RELATED DEVICES

MICROCHIPTECHNOLOGY

117,000

7,270,380

XILINX,INC

156,414

8,499,536

SEMICONDUCTORS&RELATEDTOTALS:

15,769,916

SERVICES‐HELPSUPPLY

ROBERTHALFINTL

100,000

3,786,000

SERVICES‐PREPACKAGEDSO

NATIONALINSTRUMENTS

122,000

3,464,800

STATECOMMERCIALBANKS

M&TBANKCORP

29,000

3,366,900

SOUTHSTATECORP

78,000

5,853,120

STOCKYARDSBANCORP

142,664

4,702,205

STATECOMMERCIALBANKSTOTALS:

13,922,225

SURGICAL&MEDICALINSTRUMENTS

STRYKERCORP

85,500

9,953,055

WATERSUPPLY

AQUAAMERICAINC

190,750

5,814,060

WHOLESALE‐MEDICAL,DENTAL

PATTERSONCOSINC

121,000

5,558,740

WHOLESALE‐PETROLEUM&RELATED PRODUCTS

MACQUARIEINFASTRUCTURE

72,000

5,993,280

COMMON STOCK TOTAL

163,123,652

CASHEQUIVALENT

INVESCO SHORT TERM TREASURYFUND

19,171,074

FINALTOTALS

182,294,726

September 30, 2016

FAM SMALL CAP FUND

INDUSTRY

SECURITYDESCRIPTION

SHARES/PARMARKETVALUE

ARRANGEMENTOFTRANSFR

ECHOGLOBALLOGISTIC*

237,200

5,469,832

COMMERCIALPRINTING

MULTI‐COLORCORP

75,570

4,987,620

CRUDEPETROLEUM&NATURAL GAS

EVOLUTIONPETROLEUM

517,300

3,248,644

ELECRICALINDUSTRIALAPPARATUS

THERMONGROUPHLDGS*

209,000

4,127,750

FARM&MACHINERYEQUIPMENT

LINDSAYCORP

70,535

5,218,179

FIRE,MARINE&CASUALTYINSURANCE

INFINITYP&CCORP.

34,265

2,831,316

HOTELS/MOTELS

CHOICEHOTELSINTL

79,000

3,561,320

INSURANCECARRIERS,NEC

HALLMARKFINLSVCS

393,032

4,044,299

INVESTMENTADVICE

DIAMONDHILLINVESTMENTS*

27,400

5,063,246

WESTWOODHOLDINGSGR

89,087

4,731,410

INVESTMENTADVICE      TOTALS:

9,794,656

MOTORS&GENERATORS

FRANKLINELECTRIC

157,000

6,391,470

NATIONALCOMMERCIALBANKS

NATIONALCOMMERCECORP*

232,400

6,288,744

PAINTS,VARNISHES,LACQUE

FERROCORPORATION*

275,474

3,804,295

REALESTATE

CONSTOMOKALANDCO

100,000

5,119,000

FRPHOLDINGSINC*

146,335

4,546,628

REALESTATE

TOTALS:

9,665,628

REFUSESYSTEMS

USECOLOGYINC

102,300

4,587,132

REITS‐DIVERSIFIED

ASHFORDHOSPITALITY

257,134

3,625,589

RETAILOPPORTUNITYI

165,000

3,623,400

REITS‐DIVERSIFIED    TOTALS:

7,248,989

RETAIL‐AUTODEALER&GAS STATIONS

PENSKEAUTOMOTIVEGR

100,000

4,818,000

RETAIL‐CATALOG&MAILORD

PC CONNECTION

228,600

6,039,612

RETAIL‐EATINGPLACES

BIGLARIHOLDINGS*INC

7,883

3,437,145

SERVICES‐ENGINEERINGSE

MISTRASGROUP,INC*

192,600

4,520,322

STATECOMMERCIALBANKS

FIRSTNBCBANKHLDG CO*

62,500

590,000

PINNACLEFINANCIAL

26,500

1,433,120

STONEGATEBANK

158,000

5,332,500

SOUTHSTATECORP

13,300

998,032

STATECOMMERCIALBANKSTOTALS:

8,353,652

WHOLESALE‐COMPUTERS,PERPHERLS

SCANSOURCE,INC

145,500

5,310,750

COMMON STOCK TOTAL

113,749,360

CASHEQUIVALENTS

INVESCO SHORT TERM TREASURYFUND

11,063,829

FINALTOTALS

124,813,189

*Non-income-producing security

**  FAM Funds - SEPTEMBER 30, 2016

Value Fund

Equity-Income

Small Cap

Unrealized appreciation (a)

$566,399,739

$62,594,549

$19,896,838

Unrealized depreciation (b)

-$9,850,568

-$2,242,390

-$2,434,114

Net unrealized apprec/deprec ( c)

$556,549,171

$60,352,159

$17,462,724

Aggregate cost of securities (d)

$483,088,700

$121,942,567

$107,350,465

The following is a summary of each Series significant accounting policies, which are in accordance with

accounting principles generally accepted in the United States of America (“GAAP”),  followed by the

Funds in the preparation of its financial statements.

a)    Valuation of Securities

Securities traded on a national securities exchange or admitted to trading on NASDAQ are valued at the

last reported sale price or the NASDAQ official closing price. Common stocks for which no sale was

reported, and over-the-counter securities, are valued at the last reported bid price. Short-term

securities are carried at amortized cost, which approximates value. Securities for which market

quotations are not readily available or have not traded are valued at fair value as determined by

procedures established by the Board of Trustees. Investments in Invesco Short Term Treasury Fund are

valued at that fund’s net asset value.

GAAP establishes a three-tier framework for measuring fair value based on a hierarchy

of inputs.  The hierarchy distinguishes between market data obtained from independent sources

(observable inputs) and the Fund’s own market assumptions (unobservable inputs).  These inputs are

used in determining the value of the Fund’s investments. These inputs are summarized in the three

broad levels listed below:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for identical securities in inactive

markets and quoted prices for similar securities)

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair

value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk

associated with investing in those securities.

The following is a summary of the inputs used to value each Series net assets as of September 30, 2016:

FAM Value Fund

Level 1

Common Stocks

$934,127,417

Temporary Investments

$  105,510,454

Total Investments in Securities

$1,039,637,871

FAM Equity-Income Fund

Level 1

Common Stocks

$163,123,652

Temporary Investments

$   19,171,074

Total Investments in Securities

$182,294,726

FAM Small Cap Fund

Level 1

Common Stocks

$  113,749,360

Temporary Investments

$    11,063,829

Total Investments in Securities

$   124,183,189

During the period ended SEPTEMBER 30, 2016 there were no Level 2 or 3 inputs used to value the Funds’

net assets.  Refer to the Statement of Investments to view securities segregated by industry type.

Notes to Schedule of Investments (unaudited )

Valuation of Securities

Securities traded on a national securities exchange or admitted to trading on NASDAQ are valued at the last reported sale price or the NASDAQ official closing price. Common stocks for which no sale was reported, and over-the-counter securities, are valued at the last reported bid price. Short-term securities are carried at amortized cost, which approximates value. Securities for which market quotations are not readily available or have not traded are valued at fair value as determined by procedures established by the Board of Trustees.

Federal Income Taxes

It is the Funds' policy to comply with the requirements of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its taxable income to its shareholders. Therefore, no provision for federal income tax is required.

Other

Securities transactions are recorded on trade date. Realized gains and losses on securities sold are determined on the basis of identified cost. Interest income is accrued as earned and dividend income is recorded on the ex-dividend date. Distributions to shareholders, which are determined in accordance with income tax regulations, are recorded on the ex-dividend date.

For additional information regarding the Funds' policy regarding valuation and other significant accounting policies, please see each Fund's most recent annual or semi-annual shareholder report filed on the Securities and Exchange Commission's website, www.sec.gov or visit FAM Fund's website at: www.FAMFunds.com.

Item 2. Controls and Procedures.

(a) Based on an evaluation of Registrant's Disclosure Controls and Procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) (the "Disclosure Controls"), as of a date within 90 days prior to the filing date (the "Filing Date") of this Form N-Q (the "Report"), the Registrant's principal executive officer and principal financial officer have concluded that the Disclosure Controls are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the Filing Date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant's management, including the Registrant's principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) 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.

Filed as exhibits herewith are separate certifications for Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under Investment Company Act of 1940.

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.

FENIMORE ASSET MANAGEMENT TRUST

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:	/s/ Thomas O. Putnam
	Thomas O. Putnam
	President (Principal Executive Officer)
Date:	November 7, 2016
By:	/s/ Thomas O. Putnam
	Thomas O. Putnam
	President (Principal Executive Officer)
Date:	November 7, 2016
By:	/s/ Michael F. Balboa
	Michael F. Balboa
	Treasurer (Principal Financial Officer)
Date:	November 7, 2016