# EDGAR Filing Document

**Accession Number:** 0001872253
**File Stem:** 0000940400-25-009692
**Filing Date:** 2025-11
**Character Count:** 19241
**Document Hash:** 889cb2c99b9161681fe5c3a63efa3f31
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009692.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009692

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Total Fund Solution
- **CENTRAL INDEX KEY:** 0001872253

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23724
- **FILM NUMBER:** 251512994

**BUSINESS ADDRESS:**
- **STREET 1:** 810 GLENEAGLES CT
- **STREET 2:** SUITE 106
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21286
- **BUSINESS PHONE:** 703-608-3499

**MAIL ADDRESS:**
- **STREET 1:** 810 GLENEAGLES CT
- **STREET 2:** SUITE 106
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21286

## Series and Classes Contracts Data

### Cromwell Tran Focus Fund (Series ID: S000075258)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000234130 | Investor Class      | LIMAX           |
| C000234131 | Institutional Class | LIMIX           |

## Nport-Ex

#### Cromwell

#### Tran

#### Focus

#### Fund

#### Schedule

#### of

#### Investments
September

30,

2025

(Unaudited)

#### Shares

#### Value

#### COMMON

#### STOCKS

#### -

#### 96.3%

#### Aerospace

#### &

#### Defense

#### -

#### 3.2%
ATI,

Inc.

(a) ............................................................................

11,000

$

894,740

#### Broadline

#### Retail

#### -

#### 4.8%
Amazon.com,

Inc.

(a) ...................................................................

6,108

1,341,134

#### Building

#### Products

#### -

#### 1.9%
Builders

FirstSource,

Inc.

(a) .............................................................

4,370

529,862

#### Capital

#### Markets

#### -

#### 2.1%
LPL

Financial

Holdings,

Inc.

............................................................

1,810

602,169

#### Chemicals

#### -

#### 2.8%
Air

Products

and

Chemicals,

Inc.

........................................................

2,900

790,888

#### Construction

#### Materials

#### -

#### 4.5%
Martin

Marietta

Materials,

Inc.

..........................................................

2,001

1,261,190

#### Electrical

#### Equipment

#### -

#### 3.7%
GE

Vernova,

Inc.

.....................................................................

1,700

1,045,330

#### Health

#### Care

#### Providers

#### &

#### Services

#### -

#### 1.6%
Tenet

Healthcare

Corp.

(a) ...............................................................

2,200

446,688

#### Health

#### Care

#### Technology

#### -

#### 4.4%
Veeva

Systems,

Inc.

-

Class

A

(a) ........................................................

4,200

1,251,222

#### Hotels,

#### Restaurants

#### &

#### Leisure

#### -

#### 2.5%
Expedia

Group,

Inc.

...................................................................

3,283

701,741

#### Independent

#### Power

#### and

#### Renewable

#### Electricity

#### Producers

#### -

#### 8.2%
Talen

Energy

Corp.

(a) ..................................................................

5,450

2,318,321

#### Insurance

#### -

#### 2.9%
Markel

Group,

Inc.

(a) ...................................................................

812,328

#### Interactive

#### Media

#### &

#### Services

#### -

#### 3.4%
Meta

Platforms,

Inc.

-

Class

A

..........................................................

1,325

973,053

#### Life

#### Sciences

#### Tools

#### &

#### Services

#### -

#### 6.8%
Avantor,

Inc.

(a) .........................................................................

42,800

534,144

Danaher

Corp.

........................................................................

7,027

1,393,173

1,927,317

#### Personal

#### Care

#### Products

#### -

#### 1.6%
elf

Beauty,

Inc.

(a) ......................................................................

3,500

463,680

#### Cromwell

#### Tran

#### Focus

#### Fund

#### Schedule

#### of

#### Investments
(Continued)

September

30,

2025

(Unaudited)

#### Shares

#### Value

#### COMMON

#### STOCKS

#### -
(Continued)

#### Real

#### Estate

#### Management

#### &

#### Development

#### -

#### 3.0%
CoStar

Group,

Inc.

(a) ..................................................................

10,197

$

860,321

#### Semiconductors

#### &

#### Semiconductor

#### Equipment

#### -

#### 9.2%
Entegris,

Inc.

..........................................................................

7,076

654,247

NVIDIA

Corp.

..........................................................................

10,339

1,929,051

2,583,298

#### Software

#### -

#### 21.4%
Fair

Isaac

Corp.

(a) ......................................................................

564,192

Intuit,

Inc.

.............................................................................

1,633

1,115,192

Microsoft

Corp.

........................................................................

3,014

1,561,101

Palo

Alto

Networks,

Inc.

(a) ...............................................................

7,148

1,455,476

Salesforce,

Inc.

........................................................................

3,330

789,210

SPS

Commerce,

Inc.

(a) .................................................................

5,200

541,528

6,026,699

#### Textiles,

#### Apparel

#### &

#### Luxury

#### Goods

#### -

#### 1.6%
NIKE,

Inc.

-

Class

B

...................................................................

6,325

441,042

#### Trading

#### Companies

#### &

#### Distributors

#### -

#### 6.7%
Ferguson

Enterprises,

Inc.

..............................................................

6,075

1,364,324

QXO,

Inc.

(a) ...........................................................................

27,800

529,868

1,894,192

TOTAL

INVESTMENTS

-

96.3%

(Cost

$18,128,282)

.......................................................

$

27,165,215

Other

Assets

in

Excess

of

Liabilities

-

3.7%

................................................................

1,031,062

#### TOTAL

#### NET

#### ASSETS

#### -

#### 100%

#### ...........................................................................

#### $

#### 28,196,277
Percentages

are

stated

as

a

percent

of

net

assets.

(a) Non-income

producing

security.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Total Fund Solution

- **b. Investment Company Act file number:** 811-23724

- **c. CIK number of Registrant:** 0001872253

- **d. LEI of Registrant:** 549300CL4E1CB85QJL55

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

  - **Street Address 1:** 615 E. MICHIGAN STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 626-914-7363

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

- **a. Name of Series:** Cromwell Tran Focus Fund

- **b. EDGAR series identifier (if any):** S000075258

- **c. LEI of Series:** 549300QKOFV6ENTLM242

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $28343010.12

**Total Liabilities:** $105848.19

**Net Assets:** $28237161.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234131 | 3.52%                | 0.12%                | 0.70%                |
| Class ID C000234130 | 3.52%                | 0.13%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $84339.04                | $930198.62                                 |
| Month 2  | $1100904.94              | $-1040235.42                               |
| Month 3  | $94347.49                | $119096.12                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Danaher Corp                                      | Danaher Corp                                      | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      7027 | NS      | $1393173.02   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                          | Builders FirstSource Inc                          | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      4370 | NS      | $529862.50    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                    | GE Vernova Inc                                    | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      1700 | NS      | $1045330.00   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                | Meta Platforms Inc                                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1325 | NS      | $973053.50    | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                    | Amazon.com Inc                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      6108 | NS      | $1341133.56   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                          | Ferguson Enterprises Inc                          | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      6075 | NS      | $1364323.50   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                 | Expedia Group Inc                                 | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3283 | NS      | $701741.25    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                   | Fair Isaac Corp                                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       377 | NS      | $564191.81    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                       | Avantor Inc                                       | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42800 | NS      | $534144.00    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                           | ATI Inc                                           | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     11000 | NS      | $894740.00    | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                                  | SPS Commerce Inc                                  | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      5200 | NS      | $541528.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                      | Entegris Inc                                      | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |      7076 | NS      | $654246.96    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                     | Martin Marietta Materials Inc                     | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      2001 | NS      | $1261190.28   | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                       | NVIDIA Corp                                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     10339 | NS      | $1929050.62   | 6.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                                  | Markel Group Inc                                  | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       425 | NS      | $812328.00    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                             | Tenet Healthcare Corp                             | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      2200 | NS      | $446688.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                                    | elf Beauty Inc                                    | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      3500 | NS      | $463680.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                            | Palo Alto Networks Inc                            | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      7148 | NS      | $1455475.76   | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                    | Salesforce Inc                                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      3330 | NS      | $789210.00    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                        | Intuit Inc                                        | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1633 | NS      | $1115192.03   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                                           | QXO Inc                                           | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27800 | NS      | $529868.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                  | CoStar Group Inc                                  | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     10197 | NS      | $860320.89    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                    | Air Products and Chemicals Inc                    | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      2900 | NS      | $790888.00    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                                 | Talen Energy Corp                                 | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5450 | NS      | $2318321.00   | 8.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                        | LPL Financial Holdings Inc                        | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      1810 | NS      | $602168.90    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                 | Veeva Systems Inc                                 | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      4200 | NS      | $1251222.00   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management Fund | Dreyfus Treasury Obligations Cash Management Fund | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |   1143664 | NS      | $1143664.07   | 4.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Microsoft Corp                                    | Microsoft Corp                                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      3014 | NS      | $1561101.30   | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                          | NIKE Inc                                          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      6325 | NS      | $441042.25    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Total Fund Solution

**Signature:** Brian Nelson

**Name of Signer:** Brian Nelson

**Title:** Treasurer, Principal Financial Officer