# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0000894189-26-008114
**Filing Date:** 2026-3
**Character Count:** 20987
**Document Hash:** 035d094942e615339dd63474a958cd58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-008114.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0000894189-26-008114

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Portfolio Series
- **CENTRAL INDEX KEY:** 0001511699

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22525
- **FILM NUMBER:** 26781724

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Nuance Concentrated Value Fund (Series ID: S000031968)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000099506 | Institutional Class Shares | NCVLX           |
| C000115524 | Investor Class             | NCAVX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Nuance Concentrated Value Fund** | **Nuance Concentrated Value Fund** | **Nuance Concentrated Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 88.4%** | **Shares** | **Value**  |
| **Consumer Discretionary - 0.5%** | **Consumer Discretionary - 0.5%** | |
| NIKE, Inc. - Class B | 4495 | $277836 |
| **Consumer Staples - 31.2% <sup>(a)</sup>** | **Consumer Staples - 31.2% <sup>(a)</sup>** |  |
| Beiersdorf AG - ADR | 135599 | 3232680 |
| Calavo Growers, Inc. | 28426 | 723157 |
| Clorox Co. | 42420 | 4784552 |
| Henkel AG & Co. KGaA - ADR | 169855 | 3500712 |
| Kenvue, Inc. | 133738 | 2327041 |
| Kimberly-Clark Corp. | 26264 | 2626137 |
| McCormick & Co., Inc. | 9308 | 575514 |
| Mission Produce, Inc. <sup>(b)</sup> | 23668 | 318571 |
|  |  | 18088364 |
| **Financials - 9.0%** | **Financials - 9.0%** |  |
| Aspen Insurance Holdings Ltd. - Class A <sup>(b)</sup> | 73665 | 2749915 |
| Everest Group Ltd. | 3076 | 1019017 |
| Globe Life, Inc. | 10360 | 1452679 |
|  |  | 5221611 |
| **Health Care - 14.3%** | **Health Care - 14.3%** |  |
| Becton Dickinson & Co. | 5716 | 1163092 |
| Henry Schein, Inc. <sup>(b)</sup> | 11044 | 833601 |
| Hologic, Inc. <sup>(b)</sup> | 15430 | 1156170 |
| QIAGEN NV | 36365 | 1951709 |
| Quest Diagnostics, Inc. | 3853 | 720627 |
| Solventum Corp. <sup>(b)</sup> | 32144 | 2474124 |
|  |  | 8299323 |
| **Industrials - 16.5%** | **Industrials - 16.5%** |  |
| CNH Industrial NV | 40540 | 436210 |
| IDEX Corp. | 2981 | 591878 |
| Lindsay Corp. | 8088 | 1013184 |
| Marten Transport Ltd. | 335050 | 4121115 |
| Spirax Group PLC - ADR | 8665 | 430520 |
| Werner Enterprises, Inc. | 86496 | 2962488 |
|  |  | 9555395 |
| **Materials - 2.5%** | **Materials - 2.5%** |  |
| AptarGroup, Inc. | 11734 | 1466163 |
| **Utilities - 14.4%** | **Utilities - 14.4%** |  |
| California Water Service Group | 105867 | 4732255 |
| H2O America | 22266 | 1158722 |
| Pennon Group PLC - ADR | 47095 | 708780 |
| Portland General Electric Co. | 14331 | 720133 |
| United Utilities Group PLC - ADR | 29519 | 1011026 |
|  |  | 8330916 |
| **TOTAL COMMON STOCKS** (Cost $47,947,460) | **TOTAL COMMON STOCKS** (Cost $47,947,460) | 51239608 |
| **REAL ESTATE INVESTMENT TRUSTS - 0.7%** | **Shares** | **Value**  |
| **Real Estate - 0.7%** | **Real Estate - 0.7%** |  |
| Alexandria Real Estate Equities, Inc. | 7670 | 419089 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $375,543) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $375,543) | 419089 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 11.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.61% <sup>(c)</sup> | 6417490 | 6417490 |
| **TOTAL MONEY MARKET FUNDS** (Cost $6,417,490) | **TOTAL MONEY MARKET FUNDS** (Cost $6,417,490) | 6417490 |
| **TOTAL INVESTMENTS - 100.2% (**Cost $54,740,493**)** | **TOTAL INVESTMENTS - 100.2% (**Cost $54,740,493**)** | 58076187 |
| Liabilities in Excess of Other Assets - (0.2)% | Liabilities in Excess of Other Assets - (0.2)% | (104673) |
| **TOTAL NET ASSETS - 100.0%** |  | $57971514 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) To the extent that the Fund invests more heavily in a particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
 sectors.

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized yield as of January 31, 2026.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
Nuance Concentrated Value Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $51239608 | $– | $– | $51239608 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 419089 | – | – | 419089 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 6417490 | – | – | 6417490 |
| Total Investments | $58076187 | $– | $– | $58076187 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Portfolio Series

- **b. Investment Company Act file number:** 811-22525

- **c. CIK number of Registrant:** 0001511699

- **d. LEI of Registrant:** 254900SQ3GG01NP4WM65

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1712

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

- **a. Name of Series:** Nuance Concentrated Value Fund

- **b. EDGAR series identifier (if any):** S000031968

- **c. LEI of Series:** 254900C5NNQJ5IJNSM39

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

- **a. Date of fiscal year-end:** 2026-04-30

- **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:** $58712021.37

**Total Liabilities:** $242160.81

**Net Assets:** $58469860.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099506 | 2.88%                | 0.94%                | 5.77%                |
| Class ID C000115524 | 2.88%                | 0.94%                | 5.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $801935.80               | $861706.27                                 |
| Month 2  | $426561.38               | $119835.09                                 |
| Month 3  | $721766.11               | $2531336.47                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Henry Schein Inc               | Henry Schein Inc                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     11044 | NS      | $833601.12    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                 | Solventum Corp                             | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     31574 | NS      | $2430250.78   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                      | QIAGEN NV                                  | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |     36365 | NS      | $1951709.55   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   6578625 | NS      | $6578624.77   | 11.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     26264 | NS      | $2626137.36   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC               | Pennon Group PLC                           | CUSIP: 708326202<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |     47095 | NS      | $708779.75    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd              | Everest Group Ltd                          | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |      3076 | NS      | $1019017.28   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc             | Calavo Growers Inc                         | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28426 | NS      | $723157.44    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    133738 | NS      | $2327041.20   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                   | Lindsay Corp                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      8088 | NS      | $1013183.76   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd           | Marten Transport Ltd                       | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    335050 | NS      | $4121115.00   | 7.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      4495 | NS      | $277835.95    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      7670 | NS      | $419088.80    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                 | AptarGroup Inc                             | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     11734 | NS      | $1466163.30   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      9308 | NS      | $575513.64    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      5716 | NS      | $1163091.68   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                  | Beiersdorf AG                              | CUSIP: 07724U103<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |    135599 | NS      | $3232680.16   | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     42420 | NS      | $4784551.80   | 8.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                 | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     10360 | NS      | $1452679.20   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                        | CUSIP: 42550U109<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |    169855 | NS      | $3500711.55   | 5.99%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    105867 | NS      | $4732254.90   | 8.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     14331 | NS      | $720132.75    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc          | Quest Diagnostics Inc                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      3853 | NS      | $720626.59    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC     | United Utilities Group PLC                 | CUSIP: 91311E102<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |     29519 | NS      | $1011025.75   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                    | Hologic Inc                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     15430 | NS      | $1156169.90   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                                  | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      2981 | NS      | $591877.55    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                    | H2O America                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22266 | NS      | $1158722.64   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC               | Spirax Group PLC                           | CUSIP: 84857N107<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |      8665 | NS      | $430520.53    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc            | Mission Produce Inc                        | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |     23668 | NS      | $318571.28    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises Inc                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     86496 | NS      | $2962488.00   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd   | Aspen Insurance Holdings Ltd               | CUSIP: N/A<br>LEI: 549300YX6HECG9XQCQ75       | Long             | EC               | CORP              | BM        |     73665 | NS      | $2749914.45   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                          | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |     40540 | NS      | $436210.40    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-23

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Benjamin Eirich

**Name of Signer:** Managed Portfolio Series

**Title:** Treasurer