# EDGAR Filing Document

**Accession Number:** 0001650149
**File Stem:** 0000894189-26-009017
**Filing Date:** 2026-3
**Character Count:** 20598
**Document Hash:** 0d1c8b63627023dd97e705d9dd7e3300
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009017.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0000894189-26-009017

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Series Portfolios Trust
- **CENTRAL INDEX KEY:** 0001650149

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23084
- **FILM NUMBER:** 26797232

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-6620

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

## Series and Classes Contracts Data

### Adaptiv Select ETF (Series ID: S000077998)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000238720 | Adaptiv Select ETF | ADPV            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Adaptiv Select ETF** | **Adaptiv Select ETF** | **Adaptiv Select ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 94.2%** | **Shares** | **Value**  |
| **All Other Business Support Services - 7.9%** | **All Other Business Support Services - 7.9%** | |
| Millicom International Cellular SA | 112863 | $6888029 |
| NU Holdings Ltd. - Class A <sup>(a)</sup> | 341019 | 6053087 |
|  |  | 12941116 |
| **All Other Transit and Ground Passenger Transportation - 2.7%** | **All Other Transit and Ground Passenger Transportation - 2.7%** |  |
| Lyft, Inc. - Class A <sup>(a)</sup> | 266948 | 4503413 |
| **Automobile and Light Duty Motor Vehicle Manufacturing - 4.6%** | **Automobile and Light Duty Motor Vehicle Manufacturing - 4.6%** |  |
| Ford Motor Co. | 541982 | 7522710 |
| **Commercial Banking - 4.3%** | **Commercial Banking - 4.3%** |  |
| FNB Corp. | 405506 | 7116630 |
| **Computer Storage Device Manufacturing - 5.5%** | **Computer Storage Device Manufacturing - 5.5%** |  |
| Western Digital Corp. | 36367 | 9100114 |
| **Department Stores - 2.6%** | **Department Stores - 2.6%** |  |
| Macy's, Inc. | 210100 | 4206202 |
| **Gold Ore and Silver Ore Mining - 5.2%** | **Gold Ore and Silver Ore Mining - 5.2%** |  |
| Anglogold Ashanti PLC | 91892 | 8534010 |
| **Guided Missile and Space Vehicle Manufacturing - 3.5%** | **Guided Missile and Space Vehicle Manufacturing - 3.5%** |  |
| Rocket Lab Corp. <sup>(a)</sup> | 70822 | 5670718 |
| **Marketing Research and Public Opinion Polling - 3.9%** | **Marketing Research and Public Opinion Polling - 3.9%** |  |
| API Group Corp. <sup>(a)</sup> | 154010 | 6402196 |
| **Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers - 5.5%** | **Media Streaming Distribution Services, Social Networks, and Other Media Networks and Content Providers - 5.5%** |  |
| Warner Bros Discovery, Inc. <sup>(a)</sup> | 330579 | 9104146 |
| **Miscellaneous Intermediation - 8.6%** | **Miscellaneous Intermediation - 8.6%** |  |
| Roivant Sciences Ltd. <sup>(a)</sup> | 248307 | 5368397 |
| SoFi Technologies, Inc. <sup>(a)</sup> | 386977 | 8826946 |
|  |  | 14195343 |
| **Offices of Other Holding Companies - 3.1%** | **Offices of Other Holding Companies - 3.1%** |  |
| Rivian Automotive, Inc. - Class A <sup>(a)</sup> | 340474 | 5021992 |
| **Other Electric Power Generation - 3.1%** | **Other Electric Power Generation - 3.1%** |  |
| MDU Resources Group, Inc. | 249790 | 5123193 |
| **Pharmaceutical Preparation Manufacturing - 8.7%** | **Pharmaceutical Preparation Manufacturing - 8.7%** |  |
| Elanco Animal Health, Inc. <sup>(a)</sup> | 277039 | 6671099 |
| Viatris, Inc. | 577978 | 7565732 |
|  |  | 14236831 |
| **Portfolio Management and Investment Advice - 3.8%** | **Portfolio Management and Investment Advice - 3.8%** |  |
| Invesco Ltd. | 230453 | 6289062 |
| **Real Estate Credit - 2.7%** | **Real Estate Credit - 2.7%** |  |
| Rocket Cos., Inc. - Class A | 248765 | 4460356 |
| **Semiconductor and Related Device Manufacturing - 9.1%** | **Semiconductor and Related Device Manufacturing - 9.1%** |  |
| Amkor Technology, Inc. | 80027 | 3867705 |
| Intel Corp. <sup>(a)</sup> | 156666 | 7280269 |
| QuantumScape Corp. <sup>(a)</sup> | 435805 | 3856874 |
|  |  | 15004848 |
| **Support Activities for Metal Mining - 4.5%** | **Support Activities for Metal Mining - 4.5%** |  |
| Cleveland-Cliffs, Inc. <sup>(a)</sup> | 532816 | 7331548 |
| **Testing Laboratories and Services - 4.9%** | **Testing Laboratories and Services - 4.9%** |  |
| Sotera Health Co. <sup>(a)</sup> | 445175 | 8066571 |
| **TOTAL COMMON STOCKS** (Cost $135,576,937) | **TOTAL COMMON STOCKS** (Cost $135,576,937) | 154830999 |
| **REAL ESTATE INVESTMENT TRUSTS - 4.0%** | **Shares** | **Value**  |
| **Lessors of Residential Buildings and Dwellings - 4.0%** | **Lessors of Residential Buildings and Dwellings - 4.0%** |  |
| AGNC Investment Corp. | 571645 | 6516753 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $6,719,649) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $6,719,649) | 6516753 |
| **SHORT-TERM INVESTMENTS - 1.8%** | **Shares** | **Value**  |
| **Money Market Funds – 1.8%** |  |  |
| First American Treasury Obligations Fund - Class X, 3.59% <sup>(b)</sup> | 3029655 | 3029655 |
| **TOTAL MONEY MARKET FUNDS** (Cost $3,029,655) | **TOTAL MONEY MARKET FUNDS** (Cost $3,029,655) | 3029655 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $145,326,241**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $145,326,241**)** | 164377407 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(c)</sup> | Liabilities in Excess of Other Assets - (0.0)% <sup>(c)</sup> | (53191) |
| **TOTAL NET ASSETS - 100.0%** |  | $164324216 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

PLC - Public Limited Company<br>

(a) Non-income producing security.

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

(c) Represents less than 0.05% of net assets.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
Adaptiv Select ETF (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 at Fair Value:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $154830999 | $– | $– | $154830999 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 6516753 | – | – | 6516753 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 3029655 | – | – | 3029655 |
| Total Investments in Securities | $164377407 | $– | $– | $164377407 |
| For the period ended January 31, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Schedule of Investments for further disaggregation of investment categories. | For the period ended January 31, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Schedule of Investments for further disaggregation of investment categories. | For the period ended January 31, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Schedule of Investments for further disaggregation of investment categories. | For the period ended January 31, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Schedule of Investments for further disaggregation of investment categories. | For the period ended January 31, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. 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:** Series Portfolios Trust

- **b. Investment Company Act file number:** 811-23084

- **c. CIK number of Registrant:** 0001650149

- **d. LEI of Registrant:** 5493008VNHP5UNYJ3713

- **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:** 414-765-6047

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

- **a. Name of Series:** Adaptiv Select ETF

- **b. EDGAR series identifier (if any):** S000077998

- **c. LEI of Series:** 549300DF8OW8ICIUMT19

**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:** $164468146.63

**Total Liabilities:** $143923.37

**Net Assets:** $164324223.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238720 | -0.50%               | 0.03%                | 2.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3930623.03              | $-5826587.82                               |
| Month 2  | $10622989.70             | $-10575565.70                              |
| Month 3  | $1867477.71              | $1425738.38                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Rocket Lab Corp                | Rocket Lab Corp                          | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70822 | NS      | $5670717.54   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc          | SoFi Technologies Inc                    | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    386977 | NS      | $8826945.37   | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co               | Sotera Health Co                         | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    445175 | NS      | $8066571.00   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd           | Roivant Sciences Ltd                     | CUSIP: N/A<br>LEI: 549300DL466NY5J6U724       | Long             | EC               | CORP              | US        |    248307 | NS      | $5368397.34   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp           | Western Digital Corp                     | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     36367 | NS      | $9100114.41   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                    | Invesco Ltd                              | CUSIP: N/A<br>LEI: ECPGFXU8A2SHKVVGJI15       | Long             | EC               | CORP              | US        |    230453 | NS      | $6289062.37   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                       | Lyft Inc                                 | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    266948 | NS      | $4503412.76   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                 | API Group Corp                           | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    154010 | NS      | $6402195.70   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc           | Cleveland-Cliffs Inc                     | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    532816 | NS      | $7331548.16   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                     | Intel Corp                               | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    156666 | NS      | $7280269.02   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc       | Elanco Animal Health Inc                 | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    277039 | NS      | $6671099.12   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellula | Millicom International Cellular SA       | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |    112863 | NS      | $6888028.89   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp           | AGNC Investment Corp                     | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    571645 | NS      | $6516753.00   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc           | Amkor Technology Inc                     | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     80027 | NS      | $3867704.91   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc          | Anglogold Ashanti Plc                    | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     91892 | NS      | $8534010.04   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   3029655 | NS      | $3029655.36   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                            | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    541982 | NS      | $7522710.16   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc        | MDU Resources Group Inc                  | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    249790 | NS      | $5123192.90   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QuantumScape Corp              | QuantumScape Corp                        | CUSIP: 74767V109<br>LEI: 529900JQVOM1M73BJE28 | Long             | EC               | CORP              | US        |    435805 | NS      | $3856874.25   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands | NU Holdings Ltd/Cayman Islands           | CUSIP: N/A<br>LEI: 5493002DG1RHWK9W2X27       | Long             | EC               | CORP              | BR        |    341019 | NS      | $6053087.25   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                    | FNB Corp/PA                              | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    405506 | NS      | $7116630.30   | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                     | Macy's Inc                               | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    210100 | NS      | $4206202.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                    | Viatris Inc                              | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |    577978 | NS      | $7565732.02   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc          | Rivian Automotive Inc                    | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |    340474 | NS      | $5021991.50   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                 | Rocket Cos Inc                           | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    248765 | NS      | $4460356.45   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc      | Warner Bros Discovery Inc                | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    330579 | NS      | $9104145.66   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-24

**Name of Applicant:** Series Portfolios Trust

**Signature:** /s/ Ryan Roell

**Name of Signer:** Series Portfolios Trust

**Title:** President