# EDGAR Filing Document

**Accession Number:** 0001359057
**File Stem:** 0001145549-23-014355
**Filing Date:** 2023-3
**Character Count:** 11550
**Document Hash:** c5b35b0ca98e3786ba0abad240d1cf8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-014355.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001145549-23-014355

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Manager Directed Portfolios
- **CENTRAL INDEX KEY:** 0001359057
- **IRS NUMBER:** 571138125
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21897
- **FILM NUMBER:** 23692780

**BUSINESS ADDRESS:**
- **STREET 1:** C/O U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 9522306140

**MAIL ADDRESS:**
- **STREET 1:** C/O U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Roxbury Funds
- **DATE OF NAME CHANGE:** 20060411

## Series and Classes Contracts Data

### Spyglass Growth Fund (Series ID: S000060175)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000196940 | Institutional Shares | SPYGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manager Directed Portfolios

- **b. Investment Company Act file number:** 811-21897

- **c. CIK number of Registrant:** 0001359057

- **d. LEI of Registrant:** 549300WAC9XE08QLVP90

- **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:** 4145163123

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

- **a. Name of Series:** Spyglass Growth Fund

- **b. EDGAR series identifier (if any):** S000060175

- **c. LEI of Series:** 549300VSBO6U4TKNS090

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $622639395.53

**Total Liabilities:** $6898706.01

**Net Assets:** $615740689.52

**Cash Not Reported:** $399759.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196940 | 5.67%                | 0.89%                | -7.03%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-27168370.34            | $67986454.92                               |
| Month 2  | $-21840284.50            | $28266184.98                               |
| Month 3  | $-25622864.35            | $-24615092.53                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Five Below Inc                | Five Below Inc                | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |    158734 | NS      | $28075282.58  | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                   | GoDaddy Inc                   | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |    437438 | NS      | $32729111.16  | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc                  | Leslie's Inc                  | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2228726 | NS      | $27212744.46  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                      | Lyft Inc                      | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |   2334030 | NS      | $25721010.60  | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc               | Match Group Inc               | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |    580221 | NS      | $24073369.29  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentive Global Inc          | Momentive Global Inc          | CUSIP: 60878Y108<br>LEI: 549300PR9RG3VC9OH575 | Long             | EC               | CORP              | US        |   2475974 | NS      | $17331818.00  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                   | Nutanix Inc                   | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |   1222093 | NS      | $31835522.65  | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Street Health Inc         | Oak Street Health Inc         | CUSIP: 67181A107<br>LEI: 2549007CJE6GSEURLA30 | Long             | EC               | CORP              | US        |   1224914 | NS      | $26347900.14  | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc        | Pacira BioSciences Inc        | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    426433 | NS      | $16464578.13  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc        | Palo Alto Networks Inc        | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    178863 | NS      | $24958543.02  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc       | Peloton Interactive Inc       | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |   1797441 | NS      | $14271681.54  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc              | Pure Storage Inc              | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |    677484 | NS      | $18129471.84  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                      | Roku Inc                      | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |    300063 | NS      | $12212564.10  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Splunk Inc                    | Splunk Inc                    | CUSIP: 848637104<br>LEI: 549300XGDSGBP6UEI867 | Long             | EC               | CORP              | US        |    250116 | NS      | $21532486.44  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc           | TransDigm Group Inc           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51883 | NS      | $32668130.95  | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc              | Vail Resorts Inc              | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    114394 | NS      | $27265809.90  | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc     | ZoomInfo Technologies Inc     | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1054440 | NS      | $31749188.40  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA         | Spotify Technology SA         | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | SE        |    281090 | NS      | $22192055.50  | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc | Affiliated Managers Group Inc | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |    207392 | NS      | $32857114.56  | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc           | Affirm Holdings Inc           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1656826 | NS      | $16021507.42  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                 | AppLovin Corp                 | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |   1371540 | NS      | $14442316.20  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S           | Ascendis Pharma A/S           | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |    353041 | NS      | $43116897.33  | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                 | Cable One Inc                 | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |     25102 | NS      | $17869109.72  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                   | Datadog Inc                   | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |    320342 | NS      | $23545137.00  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp           | Exact Sciences Corp           | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |    627349 | NS      | $31060048.99  | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Manager Directed Portfolios

**Signature:** /s/ Scott Ostrowski

**Name of Signer:** Manager Directed Portfolios

**Title:** President