# EDGAR Filing Document

**Accession Number:** 0001122006
**File Stem:** 0001410368-26-034165
**Filing Date:** 2026-3
**Character Count:** 43658
**Document Hash:** 506b521527caffda6f01a2de44833dd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-034165.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0001410368-26-034165

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tax-Managed Small-Cap Portfolio
- **CENTRAL INDEX KEY:** 0001122006

**ORGANIZATION NAME:**
- **EIN:** 043398554
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10065
- **FILM NUMBER:** 26818231

**BUSINESS ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109
- **BUSINESS PHONE:** 800-225-6265

**MAIL ADDRESS:**
- **STREET 1:** ONE POST OFFICE SQUARE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02109

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX MANAGED SMALL CAP PORTFOLIO
- **DATE OF NAME CHANGE:** 20081224

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX MANAGED SMALL CAP GROWTH PORTFOLIO
- **DATE OF NAME CHANGE:** 20020301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TAX MANAGED EMERGING GROWTH PORTFOLIO
- **DATE OF NAME CHANGE:** 20000816

## Series and Classes Contracts Data

### TAX MANAGED SMALL CAP PORTFOLIO (Series ID: S000005252)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000014304 | TAX MANAGED SMALL CAP PORTFOLIO |  |

## Nport-Ex

Tax-Managed Small-Cap Portfolio<br>

January 31, 2026

Portfolio of Investments (Unaudited)

------

Common Stocks — 99.7%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Aerospace & Defense — 1.2% | Aerospace & Defense — 1.2% | Aerospace & Defense — 1.2% |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp;&nbsp;27572 | &nbsp;&nbsp;$2283237 |
|  |  | &nbsp;&nbsp;**$2283237** |
| Automobile Components — 2.7% | Automobile Components — 2.7% | Automobile Components — 2.7% |
| Dorman Products, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;40059 | &nbsp;&nbsp;$4975328 |
|  |  | &nbsp;&nbsp;**$4975328** |
| Banks — 13.4% | Banks — 13.4% | Banks — 13.4% |
| Commerce Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;71652 | &nbsp;&nbsp;$3771761 |
| Community Financial System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85197 | &nbsp;&nbsp;&nbsp;&nbsp; 5324813 |
| First Financial Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59081 | &nbsp;&nbsp;&nbsp;&nbsp; 1879957 |
| Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;169059 | &nbsp;&nbsp;&nbsp;&nbsp; 4130111 |
| Southstate Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;51696 | &nbsp;&nbsp;&nbsp;&nbsp; 5290052 |
| Stock Yards Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10134 | &nbsp;&nbsp;&nbsp;&nbsp; 685971 |
| Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;60874 | &nbsp;&nbsp;&nbsp;&nbsp; 4003683 |
|  |  | &nbsp;&nbsp;**$25086348** |
| Building Products — 11.9% | Building Products — 11.9% | Building Products — 11.9% |
| A.O. Smith Corp. | &nbsp;&nbsp;&nbsp;&nbsp;54325 | &nbsp;&nbsp;$3992344 |
| AAON, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24680 | &nbsp;&nbsp;&nbsp;&nbsp; 2247361 |
| Advanced Drainage Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20419 | &nbsp;&nbsp;&nbsp;&nbsp; 3104505 |
| AZZ, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30038 | &nbsp;&nbsp;&nbsp;&nbsp; 3733423 |
| CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21737 | &nbsp;&nbsp;&nbsp;&nbsp; 5868555 |
| Hayward Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;210605 | &nbsp;&nbsp;&nbsp;&nbsp; 3399165 |
|  |  | &nbsp;&nbsp;**$22345353** |
| Capital Markets — 2.0% | Capital Markets — 2.0% | Capital Markets — 2.0% |
| Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;29708 | &nbsp;&nbsp;$3662996 |
|  |  | &nbsp;&nbsp;**$3662996** |
| Chemicals — 4.0% | Chemicals — 4.0% | Chemicals — 4.0% |
| Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19515 | &nbsp;&nbsp;$3320867 |
| Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;26901 | &nbsp;&nbsp;&nbsp;&nbsp; 4135760 |
|  |  | &nbsp;&nbsp;**$7456627** |
| Construction Materials — 0.5% | Construction Materials — 0.5% | Construction Materials — 0.5% |
| Knife River Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;12935 | &nbsp;&nbsp;$868844 |
|  |  | &nbsp;&nbsp;**$868844** |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Consumer Staples Distribution & Retail — 0.7% | Consumer Staples Distribution & Retail — 0.7% | Consumer Staples Distribution & Retail — 0.7% |
| Chefs' Warehouse, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;22312 | &nbsp;&nbsp;$1403425 |
|  |  | &nbsp;&nbsp;**$1403425** |
| Containers & Packaging — 1.8% | Containers & Packaging — 1.8% | Containers & Packaging — 1.8% |
| AptarGroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26617 | &nbsp;&nbsp;$3325794 |
|  |  | &nbsp;&nbsp;**$3325794** |
| Diversified Consumer Services — 1.9% | Diversified Consumer Services — 1.9% | Diversified Consumer Services — 1.9% |
| Bright Horizons Family Solutions, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;38087 | &nbsp;&nbsp;$3527999 |
|  |  | &nbsp;&nbsp;**$3527999** |
| Diversified REITs — 2.4% | Diversified REITs — 2.4% | Diversified REITs — 2.4% |
| Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;146962 | &nbsp;&nbsp;$4461766 |
|  |  | &nbsp;&nbsp;**$4461766** |
| Electric Utilities — 2.2% | Electric Utilities — 2.2% | Electric Utilities — 2.2% |
| IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31453 | &nbsp;&nbsp;$4176644 |
|  |  | &nbsp;&nbsp;**$4176644** |
| Electrical Equipment — 1.3% | Electrical Equipment — 1.3% | Electrical Equipment — 1.3% |
| Thermon Group Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;53038 | &nbsp;&nbsp;$2399969 |
|  |  | &nbsp;&nbsp;**$2399969** |
| Electronic Equipment, Instruments & Components — 1.4% | Electronic Equipment, Instruments & Components — 1.4% | Electronic Equipment, Instruments & Components — 1.4% |
| Badger Meter, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18008 | &nbsp;&nbsp;$2639613 |
|  |  | &nbsp;&nbsp;**$2639613** |
| Financial Services — 1.4% | Financial Services — 1.4% | Financial Services — 1.4% |
| Euronet Worldwide, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;36278 | &nbsp;&nbsp;$2628704 |
|  |  | &nbsp;&nbsp;**$2628704** |
| Food Products — 1.1% | Food Products — 1.1% | Food Products — 1.1% |
| Post Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;20196 | &nbsp;&nbsp;$2066253 |
|  |  | &nbsp;&nbsp;**$2066253** |
| Ground Transportation — 1.0% | Ground Transportation — 1.0% | Ground Transportation — 1.0% |
| Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2244 | &nbsp;&nbsp;$335164 |
| Lyft, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;87154 | &nbsp;&nbsp;&nbsp;&nbsp; 1470288 |
|  |  | &nbsp;&nbsp;**$1805452** |
| Health Care Providers & Services — 6.5% | Health Care Providers & Services — 6.5% | Health Care Providers & Services — 6.5% |
| Addus HomeCare Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;19947 | &nbsp;&nbsp;$2064116 |
| Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4396 | &nbsp;&nbsp;&nbsp;&nbsp; 1877708 |
| Option Care Health, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;93696 | &nbsp;&nbsp;&nbsp;&nbsp; 3185664 |

---

------

Tax-Managed Small-Cap Portfolio<br>

January 31, 2026

Portfolio of Investments (Unaudited) — continued

------

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Health Care Providers & Services (continued) | Health Care Providers & Services (continued) | Health Care Providers & Services (continued) |
| Progyny, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;29082 | &nbsp;&nbsp;$694187 |
| U.S. Physical Therapy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52721 | &nbsp;&nbsp;&nbsp;&nbsp; 4421710 |
|  |  | &nbsp;&nbsp;**$12243385** |
| Health Care Technology — 1.0% | Health Care Technology — 1.0% | Health Care Technology — 1.0% |
| Certara, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;127348 | &nbsp;&nbsp;$1119389 |
| HeartFlow, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;26714 | &nbsp;&nbsp;&nbsp;&nbsp; 797947 |
|  |  | &nbsp;&nbsp;**$1917336** |
| Hotels, Restaurants & Leisure — 4.4% | Hotels, Restaurants & Leisure — 4.4% | Hotels, Restaurants & Leisure — 4.4% |
| Aramark | &nbsp;&nbsp;&nbsp;&nbsp;114485 | &nbsp;&nbsp;$4406527 |
| Wyndham Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51939 | &nbsp;&nbsp;&nbsp;&nbsp; 3780640 |
|  |  | &nbsp;&nbsp;**$8187167** |
| Household Durables — 1.3% | Household Durables — 1.3% | Household Durables — 1.3% |
| Meritage Homes Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14519 | &nbsp;&nbsp;$1009215 |
| Taylor Morrison Home Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;22404 | &nbsp;&nbsp;&nbsp;&nbsp; 1365524 |
|  |  | &nbsp;&nbsp;**$2374739** |
| Household Products — 0.5% | Household Products — 0.5% | Household Products — 0.5% |
| WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4285 | &nbsp;&nbsp;$990821 |
|  |  | &nbsp;&nbsp;**$990821** |
| Industrial REITs — 4.0% | Industrial REITs — 4.0% | Industrial REITs — 4.0% |
| EastGroup Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16488 | &nbsp;&nbsp;$2994880 |
| Rexford Industrial Realty, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46731 | &nbsp;&nbsp;&nbsp;&nbsp; 1894008 |
| Terreno Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;43280 | &nbsp;&nbsp;&nbsp;&nbsp; 2663451 |
|  |  | &nbsp;&nbsp;**$7552339** |
| Insurance — 4.8% | Insurance — 4.8% | Insurance — 4.8% |
| First American Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;36267 | &nbsp;&nbsp;$2291349 |
| Hamilton Insurance Group Ltd., Class B<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;113918 | &nbsp;&nbsp;&nbsp;&nbsp; 3161225 |
| White Mountains Insurance Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1757 | &nbsp;&nbsp;&nbsp;&nbsp; 3592942 |
|  |  | &nbsp;&nbsp;**$9045516** |
| Life Sciences Tools & Services — 1.1% | Life Sciences Tools & Services — 1.1% | Life Sciences Tools & Services — 1.1% |
| Bio-Techne Corp. | &nbsp;&nbsp;&nbsp;&nbsp;32588 | &nbsp;&nbsp;$2088565 |
|  |  | &nbsp;&nbsp;**$2088565** |
| Machinery — 9.3% | Machinery — 9.3% | Machinery — 9.3% |
| Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54037 | &nbsp;&nbsp;$3132525 |
| Donaldson Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55943 | &nbsp;&nbsp;&nbsp;&nbsp; 5702830 |
| ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14019 | &nbsp;&nbsp;&nbsp;&nbsp; 3198715 |

---

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Machinery (continued) | Machinery (continued) | Machinery (continued) |
| Franklin Electric Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51939 | &nbsp;&nbsp;$5174163 |
| Middleby Corp.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1707 | &nbsp;&nbsp;&nbsp;&nbsp; 251219 |
|  |  | &nbsp;&nbsp;**$17459452** |
| Professional Services — 1.6% | Professional Services — 1.6% | Professional Services — 1.6% |
| CBIZ, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;74944 | &nbsp;&nbsp;$2949046 |
|  |  | &nbsp;&nbsp;**$2949046** |
| Semiconductors & Semiconductor Equipment — 3.6% | Semiconductors & Semiconductor Equipment — 3.6% | Semiconductors & Semiconductor Equipment — 3.6% |
| Allegro MicroSystems, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;73619 | &nbsp;&nbsp;$2717277 |
| Diodes, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;68587 | &nbsp;&nbsp;&nbsp;&nbsp; 4059665 |
|  |  | &nbsp;&nbsp;**$6776942** |
| Software — 3.6% | Software — 3.6% | Software — 3.6% |
| Alkami Technology, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;52741 | &nbsp;&nbsp;$1117582 |
| CCC Intelligent Solutions Holdings, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;388189 | &nbsp;&nbsp;&nbsp;&nbsp; 2942473 |
| Descartes Systems Group, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;31499 | &nbsp;&nbsp;&nbsp;&nbsp; 2354865 |
| nCino, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;16497 | &nbsp;&nbsp;&nbsp;&nbsp; 352211 |
|  |  | &nbsp;&nbsp;**$6767131** |
| Specialty Retail — 2.4% | Specialty Retail — 2.4% | Specialty Retail — 2.4% |
| Valvoline, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;136774 | &nbsp;&nbsp;$4475245 |
|  |  | &nbsp;&nbsp;**$4475245** |
| Textiles, Apparel & Luxury Goods — 1.7% | Textiles, Apparel & Luxury Goods — 1.7% | Textiles, Apparel & Luxury Goods — 1.7% |
| Steven Madden Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;73605 | &nbsp;&nbsp;$3229787 |
|  |  | &nbsp;&nbsp;**$3229787** |
| Trading Companies & Distributors — 3.0% | Trading Companies & Distributors — 3.0% | Trading Companies & Distributors — 3.0% |
| Core & Main, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;67599 | &nbsp;&nbsp;$3607083 |
| EquipmentShare.com, Inc., Class A<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;65549 | &nbsp;&nbsp;&nbsp;&nbsp; 2038574 |
|  |  | &nbsp;&nbsp;**$5645657** |
| Total Common Stocks<br> (identified cost $154,335,619) |  | &nbsp;&nbsp;**$186817480** |

---

------

Tax-Managed Small-Cap Portfolio<br>

January 31, 2026

Portfolio of Investments (Unaudited) — continued

------

Short-Term Investments — 1.2%

---

| | | |
|:---|:---|:---|
| **Security** | **Shares** | &nbsp;&nbsp;**Value** |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 3.61%<sup>(2)</sup> | 2268671 | &nbsp;&nbsp;$2268671 |
| Total Short-Term Investments<br> (identified cost $2,268,671) |  | &nbsp;&nbsp;**$2268671** |
| Total Investments — 100.9%<br> (identified cost $156,604,290) |  | &nbsp;&nbsp;**$189086151** |
| Other Assets, Less Liabilities — (0.9)% |  | &nbsp;&nbsp;**$(1623813)** |
| Net Assets — 100.0% |  | &nbsp;&nbsp;**$187462338** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category in the Portfolio of Investments is based on net assets. | The percentage shown for each investment category in the Portfolio of Investments is based on net assets. |
| <sup>(1)</sup> | Non-income producing security. |
| <sup>(2)</sup> | May be deemed to be an affiliated investment company. The rate shown is the annualized seven-day yield as of January 31, 2026. |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| REITs | – Real Estate Investment Trusts |

---

The Portfolio did not have any open derivative instruments at January 31, 2026.

Affiliated Investments

At January 31, 2026, the value of the Portfolio's investment in funds that may be deemed to be affiliated was $2,268,671, which represents 1.2% of the Portfolio's net assets. Transactions in such investments by the Portfolio for the fiscal year to date ended January 31, 2026 were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Name** | **Value,<br> beginning<br> of period** | **Purchases** | **Sales<br> proceeds** | **Net realized<br> gain (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Value, end<br> of period** | **Dividend<br> income** | **Shares,<br> end of period** |
| **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** | **Short-Term Investments** |
| Liquidity Fund, Institutional Class<sup>(1)</sup> | $5275840 | $11547356 | $(14554525) | $— | $— | $2268671 | $22209 | 2268671 |

---

<sup>(1)</sup> Represents investment in Morgan Stanley Institutional Liquidity Funds - Government Portfolio.

Fair Value Measurements

Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.

• Level 1 – quoted prices in active markets for identical investments

• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including a fund's own assumptions in determining the fair value of investments)

In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

------

Tax-Managed Small-Cap Portfolio<br>

January 31, 2026

Portfolio of Investments (Unaudited) — continued

------

At January 31, 2026, the hierarchy of inputs used in valuing the Portfolio's investments, which are carried at fair value, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Description** | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| Common Stocks | &nbsp;&nbsp;$186,817,480\* | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$186817480 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 2268671 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2268671 |
| **Total Investments** | &nbsp;&nbsp;**$189086151** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$—** | &nbsp;&nbsp;&nbsp;&nbsp;**$189086151** |

---

\* The level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

For information on the Portfolio's policy regarding the valuation of investments and other significant accounting policies, please refer to the Portfolio's most recent annual or semi-annual financial statements.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Tax-Managed Small-Cap Portfolio

- **b. Investment Company Act file number:** 811-10065

- **c. CIK number of Registrant:** 0001122006

- **d. LEI of Registrant:** 549300MF38BQITTU4Y08

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Post Office Square

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02109

  - **Telephone number:** 617-482-8260

**Item A.2. Information about the Series.**

- **a. Name of Series:** TAX MANAGED SMALL CAP PORTFOLIO

- **b. EDGAR series identifier (if any):** S000005252

- **c. LEI of Series:** 549300MF38BQITTU4Y08

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $187679484.31

**Total Liabilities:** $219442.50

**Net Assets:** $187460041.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000014304 | 0.79%                | -0.42%               | 3.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-245947.07              | $1335132.38                                |
| Month 2  | $660146.01               | $-1721677.48                               |
| Month 3  | $61889.49                | $6810033.64                                |

### Schedule of Portfolio Investments

| Name                                   | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON Inc                               | AAON Inc                                                            | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24680 | NS      | $2247360.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                | AZZ Inc                                                             | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     29885 | NS      | $3714406.65   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                    | Addus HomeCare Corp                                                 | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     23834 | NS      | $2466342.32   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc          | Advanced Drainage Systems Inc                                       | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     20023 | NS      | $3044296.92   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc                  | Alkami Technology Inc                                               | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Long             | EC               | CORP              | US        |     52741 | NS      | $1117581.79   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc               | Allegro MicroSystems Inc                                            | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73619 | NS      | $2717277.29   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                         | AptarGroup Inc                                                      | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     26617 | NS      | $3325794.15   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                | Aramark                                                             | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    114485 | NS      | $4406527.65   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc      | Atmus Filtration Technologies Inc                                   | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54037 | NS      | $3132524.89   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                       | Badger Meter Inc                                                    | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     18008 | NS      | $2639612.64   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                           | Balchem Corp                                                        | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     19277 | NS      | $3280367.09   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                        | Bio-Techne Corp                                                     | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     32588 | NS      | $2088564.92   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc   | Bright Horizons Family Solutions Inc                                | CUSIP: 109194100<br>LEI: 2549009BKSVTM7UEYT38 | Long             | EC               | CORP              | US        |     38087 | NS      | $3527998.81   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                               | CBIZ Inc                                                            | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     74944 | NS      | $2949046.40   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc | CCC Intelligent Solutions Holdings Inc                              | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    384132 | NS      | $2911720.56   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                    | CSW Industrials Inc                                                 | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     21737 | NS      | $5868555.26   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Certara Inc                            | Certara Inc                                                         | CUSIP: 15687V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127348 | NS      | $1119388.92   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse Inc/The               | Chefs' Warehouse Inc/The                                            | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     16201 | NS      | $1019042.90   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                            | Chemed Corp                                                         | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      4396 | NS      | $1877707.44   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO             | Commerce Bancshares Inc/MO                                          | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71652 | NS      | $3771761.28   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc         | Community Financial System Inc                                      | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     85197 | NS      | $5324812.50   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                        | Core & Main Inc                                                     | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67599 | NS      | $3607082.64   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The        | Descartes Systems Group Inc/The                                     | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     29456 | NS      | $2202130.56   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                             | Diodes Inc                                                          | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     67431 | NS      | $3991240.89   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                       | Donaldson Co Inc                                                    | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     61727 | NS      | $6292450.38   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                    | Dorman Products Inc                                                 | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     36744 | NS      | $4563604.80   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc               | EastGroup Properties Inc                                            | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |     16228 | NS      | $2947653.92   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EquipmentShare.com Inc                 | EquipmentShare.com Inc                                              | CUSIP: 29445S100<br>LEI: 254900PWJK48CGPKPI80 | Long             | EC               | CORP              | US        |     65407 | NS      | $2034157.70   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                  | ESCO Technologies Inc                                               | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     14019 | NS      | $3198715.23   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc  | Essential Properties Realty Trust Inc                               | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    146792 | NS      | $4456605.12   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                  | Euronet Worldwide Inc                                               | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     36278 | NS      | $2628703.88   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp          | First American Financial Corp                                       | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     33444 | NS      | $2112991.92   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc         | First Financial Bankshares Inc                                      | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     59081 | NS      | $1879957.42   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc               | Franklin Electric Co Inc                                            | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     48955 | NS      | $4876897.10   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                   | Hayward Holdings Inc                                                | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    210605 | NS      | $3399164.70   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow Inc                          | HeartFlow Inc                                                       | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26714 | NS      | $797947.18    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                            | Hexcel Corp                                                         | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     27572 | NS      | $2283237.32   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                            | IDACORP Inc                                                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     31453 | NS      | $4176643.87   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                       | Knife River Corp                                                    | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12935 | NS      | $868843.95    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                    | Landstar System Inc                                                 | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      2244 | NS      | $335163.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                               | Lyft Inc                                                            | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     87154 | NS      | $1470287.98   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                      | Steven Madden Ltd                                                   | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     73605 | NS      | $3229787.40   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC               | Morgan Stanley Institutional Liquidity Funds - Government Portfolio | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   2268671 | NS      | $2268671.24   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                    | Meritage Homes Corp                                                 | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     14280 | NS      | $992602.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                      | Middleby Corp/The                                                   | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      1707 | NS      | $251219.19    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| nCino Inc                              | nCino Inc                                                           | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     29716 | NS      | $634436.60    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                | Old National Bancorp/IN                                             | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    165485 | NS      | $4042798.55   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                 | Option Care Health Inc                                              | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     93696 | NS      | $3185664.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                      | Post Holdings Inc                                                   | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     19052 | NS      | $1949210.12   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                            | Progyny Inc                                                         | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18655 | NS      | $445294.85    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                   | Quaker Chemical Corp                                                | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     26901 | NS      | $4135759.74   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc          | Rexford Industrial Realty Inc                                       | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     34414 | NS      | $1394799.42   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                         | A O Smith Corp                                                      | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     54325 | NS      | $3992344.25   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                   | SOUTHSTATE BANK CORP                                                | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     51696 | NS      | $5290051.68   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                  | Stifel Financial Corp                                               | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     29708 | NS      | $3662996.40   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc                | Stock Yards Bancorp Inc                                             | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     10134 | NS      | $685970.46    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp              | Taylor Morrison Home Corp                                           | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     22110 | NS      | $1347604.50   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                    | Terreno Realty Corp                                                 | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |     43280 | NS      | $2663451.20   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc             | Thermon Group Holdings Inc                                          | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     53038 | NS      | $2399969.50   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                | US Physical Therapy Inc                                             | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |     52721 | NS      | $4421710.27   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                          | Valvoline Inc                                                       | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    128708 | NS      | $4211325.76   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                               | WD-40 Co                                                            | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      3958 | NS      | $915208.34    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                 | Webster Financial Corp                                              | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     60078 | NS      | $3951330.06   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc           | Wyndham Hotels & Resorts Inc                                        | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     51939 | NS      | $3780639.81   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd           | Hamilton Insurance Group Ltd                                        | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |    117169 | NS      | $3251439.75   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd    | White Mountains Insurance Group Ltd                                 | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      1859 | NS      | $3801524.87   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Tax-Managed Small-Cap Portfolio

**Signature:** James Kirchner

**Name of Signer:** James Kirchner

**Title:** Treasurer