# EDGAR Filing Document

**Accession Number:** 0001970751
**File Stem:** 0000894189-25-016395
**Filing Date:** 2025-11
**Character Count:** 33067
**Document Hash:** 20b7335b9333fafb17b6c922da8dd0fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-016395.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000894189-25-016395

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisor Managed Portfolios
- **CENTRAL INDEX KEY:** 0001970751

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23859
- **FILM NUMBER:** 251535399

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** (626) 914-7385

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

## Series and Classes Contracts Data

### Patient Opportunity Trust (Series ID: S000082973)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000246405 | Class R      | LMORX           |
| C000246406 | Class FI     | LMOFX           |
| C000246407 | Class A      | LGOAX           |
| C000246408 | Class I      | LMNOX           |
| C000246409 | Class C      | LMOPX           |
| C000246410 | Class IS     | MVISX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Patient Opportunity Trust** | **Patient Opportunity Trust** | **Patient Opportunity Trust** | **Patient Opportunity Trust** |
| **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 105.5%** | **COMMON STOCKS - 105.5%** | **Shares** | **Value**  |
| **<u>Communication Services</u> - 15.1%** | **<u>Communication Services</u> - 15.1%** | **<u>Communication Services</u> - 15.1%** | |
| **Interactive Media & Services - 14.6%** | **Interactive Media & Services - 14.6%** | | |
| Alphabet Inc. - Class A <sup>(a)</sup> | Alphabet Inc. - Class A <sup>(a)</sup> | 475000 | $115472500 |
| Angi, Inc. <sup>(a)(b)</sup> | Angi, Inc. <sup>(a)(b)</sup> | 600000 | 9756000 |
| IAC, Inc. <sup>(a)(b)</sup> | IAC, Inc. <sup>(a)(b)</sup> | 1600000 | 54512000 |
| Meta Platforms Inc. - Class A <sup>(a)</sup> | Meta Platforms Inc. - Class A <sup>(a)</sup> | 112000 | 82250560 |
|  |  |  | 261991060 |
| **Media - 0.5%** | **Media - 0.5%** |  |  |
| S4 Capital Plc | S4 Capital Plc | 30000000 | 9057898 |
| **Total Communication Services** | **Total Communication Services** | **Total Communication Services** | 271048958 |
| **<u>Consumer Discretionary</u> - 25.7%<sup>(c)</sup>** | **<u>Consumer Discretionary</u> - 25.7%<sup>(c)</sup>** | **<u>Consumer Discretionary</u> - 25.7%<sup>(c)</sup>** |  |
| **Automobiles - 2.4%** | **Automobiles - 2.4%** |  |  |
| General Motors Co. <sup>(a)</sup> | General Motors Co. <sup>(a)</sup> | 700000 | 42679000 |
|  |  |  | $– |
| **Broadline Retail - 10.3%** | **Broadline Retail - 10.3%** |  |  |
| Alibaba Group Holding Ltd. - ADR | Alibaba Group Holding Ltd. - ADR | 360000 | 64342800 |
| Amazon.com Inc. <sup>(a)(b)</sup> | Amazon.com Inc. <sup>(a)(b)</sup> | 440000 | 96610800 |
| JD.com, Inc. - ADR | JD.com, Inc. - ADR | 700000 | 24486000 |
|  |  |  | 185439600 |
| **Hotels, Restaurants & Leisure - 8.5%** | **Hotels, Restaurants & Leisure - 8.5%** |  |  |
| Dave & Buster's Entertainment, Inc. <sup>(b)</sup> | Dave & Buster's Entertainment, Inc. <sup>(b)</sup> | 1600000 | 29056000 |
| Expedia Group Inc. <sup>(a)</sup> | Expedia Group Inc. <sup>(a)</sup> | 185000 | 39543750 |
| Norwegian Cruise Line Holdings Ltd. <sup>(b)</sup> | Norwegian Cruise Line Holdings Ltd. <sup>(b)</sup> | 3400000 | 83742000 |
|  |  |  | 152341750 |
| **Leisure Products - 2.4%** | **Leisure Products - 2.4%** |  |  |
| Mattel Inc. <sup>(b)</sup> | Mattel Inc. <sup>(b)</sup> | 1550000 | 26086500 |
| Peloton Interactive Inc. - Class A <sup>(b)</sup> | Peloton Interactive Inc. - Class A <sup>(b)</sup> | 1800000 | 16200000 |
|  |  |  | 42286500 |
| **Textiles, Apparel & Luxury Goods - 2.1%** | **Textiles, Apparel & Luxury Goods - 2.1%** |  |  |
| Crocs, Inc. <sup>(b)</sup> | Crocs, Inc. <sup>(b)</sup> | 450000 | 37597500 |
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | **Total Consumer Discretionary** | 460344350 |
| **<u>Energy</u> - 7.7%** | **<u>Energy</u> - 7.7%** | **<u>Energy</u> - 7.7%** |  |
| **Energy Equipment & Services - 4.1%** | **Energy Equipment & Services - 4.1%** |  |  |
| Noble Corp. PLC | Noble Corp. PLC | 800000 | 22624000 |
| Seadrill Ltd. <sup>(b)</sup> | Seadrill Ltd. <sup>(b)</sup> | 1700000 | 51357000 |
|  |  |  | 73981000 |
| **Oil, Gas & Consumable Fuels - 3.6%** | **Oil, Gas & Consumable Fuels - 3.6%** |  |  |
| Energy Transfer LP <sup>(a)</sup> | Energy Transfer LP <sup>(a)</sup> | 3700000 | 63492000 |
| **Total Energy** | **Total Energy** | **Total Energy** | 137473000 |
| **<u>Financials</u> - 18.2%** | **<u>Financials</u> - 18.2%** | **<u>Financials</u> - 18.2%** |  |
| **Banks - 5.6%** | **Banks - 5.6%** |  |  |
| Citigroup Inc. <sup>(a)</sup> | Citigroup Inc. <sup>(a)</sup> | 1000000 | 101500000 |
|  |  |  | $– |
| **Capital Markets - 5.1%** | **Capital Markets - 5.1%** |  |  |
| Coinbase Global Inc. - Class A <sup>(b)</sup> | Coinbase Global Inc. - Class A <sup>(b)</sup> | 130000 | 43873700 |
| UBS Group AG <sup>(a)</sup> | UBS Group AG <sup>(a)</sup> | 1150000 | 47150000 |
|  |  |  | 91023700 |
| **Consumer Finance - 4.7%** | **Consumer Finance - 4.7%** |  |  |
| OneMain Holdings Inc. <sup>(a)</sup> | OneMain Holdings Inc. <sup>(a)</sup> | 700000 | 39522000 |
| SoFi Technologies Inc. <sup>(b)</sup> | SoFi Technologies Inc. <sup>(b)</sup> | 1700000 | 44914000 |
|  |  |  | 84436000 |
| **Cryptocurrency - 2.8%** | **Cryptocurrency - 2.8%** |  |  |
| Fidelity Wise Origin Bitcoin Fund <sup>(b)(g)</sup> | Fidelity Wise Origin Bitcoin Fund <sup>(b)(g)</sup> | 500000 | 49905000 |
| **Total Financials** | **Total Financials** | **Total Financials** | 326864700 |
| **<u>Health Care</u> - 23.5%** | **<u>Health Care</u> - 23.5%** | **<u>Health Care</u> - 23.5%** |  |
| **Biotechnology - 6.1%** | **Biotechnology - 6.1%** |  |  |
| Biogen, Inc. <sup>(a)(b)</sup> | Biogen, Inc. <sup>(a)(b)</sup> | 300000 | 42024000 |
| Precigen Inc. <sup>(b)(d)(f)</sup> | Precigen Inc. <sup>(b)(d)(f)</sup> | 20500000 | 67445000 |
|  |  |  | 109469000 |
| **Health Care Providers & Services - 9.2%** | **Health Care Providers & Services - 9.2%** |  |  |
| CVS Health Corp. <sup>(a)</sup> | CVS Health Corp. <sup>(a)</sup> | 925000 | 69735750 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | 275000 | 94957500 |
|  |  |  | 164693250 |
| **Life Sciences Tools & Services - 3.6%** | **Life Sciences Tools & Services - 3.6%** |  |  |
| Illumina, Inc. <sup>(b)</sup> | Illumina, Inc. <sup>(b)</sup> | 440000 | 41786800 |
| Tempus AI, Inc. <sup>(b)</sup> | Tempus AI, Inc. <sup>(b)</sup> | 285000 | 23002350 |
|  |  |  | 64789150 |
| **Pharmaceuticals - 4.6%** | **Pharmaceuticals - 4.6%** |  |  |
| Royalty Pharma PLC - Class A | Royalty Pharma PLC - Class A | 2350000 | 82908000 |
| **Total Health Care** | **Total Health Care** | **Total Health Care** | 421859400 |
| **<u>Industrials</u> - 10.1%** | **<u>Industrials</u> - 10.1%** | **<u>Industrials</u> - 10.1%** |  |
| **Passenger Airlines - 4.8%** | **Passenger Airlines - 4.8%** |  |  |
| Delta Air Lines Inc. <sup>(a)</sup> | Delta Air Lines Inc. <sup>(a)</sup> | 650000 | 36887500 |
| United Airlines Holdings Inc. <sup>(b)</sup> | United Airlines Holdings Inc. <sup>(b)</sup> | 500000 | 48250000 |
|  |  |  | 85137500 |
| **Trading Companies & Distributors - 5.3%** | **Trading Companies & Distributors - 5.3%** |  |  |
| QXO, Inc. <sup>(a)(b)</sup> | QXO, Inc. <sup>(a)(b)</sup> | 5000000 | 95300000 |
| **Total Industrials** | **Total Industrials** | **Total Industrials** | 180437500 |
| **<u>Information Technology</u> - 5.2%** | **<u>Information Technology</u> - 5.2%** | **<u>Information Technology</u> - 5.2%** |  |
| **Semiconductors & Semiconductor Equipment - 5.2%** | **Semiconductors & Semiconductor Equipment - 5.2%** |  |  |
| NVIDIA Corp. <sup>(a)</sup> | NVIDIA Corp. <sup>(a)</sup> | 500000 | 93290000 |
| **TOTAL COMMON STOCKS** (Cost $1,209,312,357) | **TOTAL COMMON STOCKS** (Cost $1,209,312,357) | **TOTAL COMMON STOCKS** (Cost $1,209,312,357) | 1891317908 |
| **WARRANTS - 2.7%** | **WARRANTS - 2.7%** | **Contracts** | **Value**  |
| Precigen Warrant Restricted, Expires 12/30/2034, Exercise Price $0.75 (Acquired 12/30/2024, Cost $9,022,725)<sup>(b)(d)(e)(f)</sup> | Precigen Warrant Restricted, Expires 12/30/2034, Exercise Price $0.75 (Acquired 12/30/2024, Cost $9,022,725)<sup>(b)(d)(e)(f)</sup> | 13600000 | 48144000 |
| **TOTAL WARRANTS** (Cost $9,022,725) | **TOTAL WARRANTS** (Cost $9,022,725) | **TOTAL WARRANTS** (Cost $9,022,725) | 48144000 |
| **TOTAL INVESTMENTS - 108.2% (**Cost $1,218,335,082**)** | **TOTAL INVESTMENTS - 108.2% (**Cost $1,218,335,082**)** | **TOTAL INVESTMENTS - 108.2% (**Cost $1,218,335,082**)** | 1939461908 |
| Liabilities in Excess of Other Assets - (8.2)% | Liabilities in Excess of Other Assets - (8.2)% | Liabilities in Excess of Other Assets - (8.2)% | (147713449) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $1791748459 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| 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. | 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. | 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. | 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. |

---

ADR - American Depositary Receipt <br> LP - Limited Partnership <br> PLC - Public Limited Company

(a) All or a portion of security has been pledged as collateral for the Fund's credit facilities. The fair value of assets committed as collateral as of September 30, 2025 is $453,845,357.

(b) Non-income producing security.

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

(d) Affiliated security as defined by the Investment Company Act of 1940.

(e) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $48,144,000 or 2.7% of net assets as of September 30, 2025.

(f) Precigen Warrants and 14,186,370 shares of Precigen Inc. stock are restricted from sale. The total market value of these securities was $94,817,157 which represented 5.3% of net assets as of
 September 30, 2025.

(g) Position held in Cayman Subsidiary.

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Patient Opportunity Trust (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 September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $1891317908 | $– | $– | $1891317908 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | – | – | 48144000 | 48144000 |
| Total Investments | $1891317908 | $– | $48144000 | $1939461908 |
| Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. | Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories. |

---

------

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

---

| |
|:---|
| —<sup>Warrants</sup> |
| <br> <sup>Value at December 31, 2024</sup><br><sup>$12,920,000</sup> |
| <sup>Realized Gain</sup><br><sup>-</sup> |
| <sup>Sales</sup><br><sup>-</sup> |
| <sup>Change in Unrealized Gain</sup><br><sup>35,224,000</sup> |
| <sup>Value at September 30, 2025</sup><br><sup>$48,144,000</sup> |
| <sup>Change in unrealized appreciation for Level 3 securities held</sup><br> <sup>at September 30, 2025</sup><br><sup>$35,224,000</sup> |

---

The following table summarizes the valuation techniques and unobservable inputs used to determine the fair value of Level 3 investments:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Investment<br> Type | Value at<br> September 30, 2025 | Valuation<br> Technique(s) | Unobservable <br> Input(s) | Range Weighted<br> Average | Impact to Valuation from<br> an Increase in Input\* |
| <br> Warrants<br>| $48144000 | Black Scholes with<br> Probability Adjustment | <br> Going Concern Probability<br>| 15% | Decrease |

---

\* This column represents the directional change in the fair value of the Level 3 investments that would result in an increase from the corresponding unobservable input. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases in these unobservable inputs in isolation could result in significantly higher or lower fair value measurements.

2. Transactions with affiliated companies

An "Affiliated Company", as defined in the 1940 Act, includes a company in which the Fund owns 5% or more of the company's outstanding voting securities at any time during the period. The following transactions were effected in shares of such companies for the period ended September 30, 2025:

---

| |
|:---|
| <sup>Pangaea One, LP</sup><br> <sup>Precigen Inc.</sup><br> <sup>Precigen 8% Convertible Perpetual Preferred Stock</sup><br> <sup>Precigen Warrant</sup><br> <sup>Total</sup> |
| <br> <sup>Value at December 31, 2024</sup><br><sup>$1,664,507</sup><br><sup>$16,128,000</sup><br><sup>$14,305,704</sup><br><sup>$12,920,000</sup><br><sup>$45,018,211</sup> |
| <sup>Sales</sup><br> <sup>(350000)</sup><br> <sup>(13920178)</sup><br> <sup>(19911828)</sup><br> <sup>-</sup><br> <sup>(34182006)</sup> |
| <sup>Change in Unrealized Gain (Loss)</sup><br> <sup>25,750,823</sup><br> <sup>54,087,160</sup><br> <sup>5,606,124</sup><br> <sup>35,224,000</sup><br> <sup>120,668,107</sup> |
| <sup>Realized Gain (Loss) on Sales / Distributions</sup><br> <sup>(27065330)</sup><br> <sup>11,150,018</sup><br> <sup>-</sup><br> <sup>-</sup><br> <sup>(15915312)</sup> |
| <sup>Value at September 30, 2025</sup><br> <sup>$-</sup><br> <sup>$67,445,000</sup><br> <sup>$-</sup><br> <sup>$48,144,000</sup><br> <sup>$115,589,000</sup> |
| <sup>Amortization, Dividend, Interest Income</sup><br> <sup>$-</sup><br> <sup>$-</sup><br> <sup>$-</sup><br> <sup>$-</sup><br> <sup>$-</sup> |

---

3. Restricted securities

The following Fund investments are restricted as to resale and, in the absence of readily ascertainable market values, are valued in good faith in accordance with procedures approved by the Board of Trustees.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **<u>Security</u>** | **<u>Cost</u>** | **<u>Value at</u>**<br> **<u>September 30, 2025</u>** | **<u>Percent of</u>**<br>  **<u>Net Assets</u>** | **<u>Open</u>**<br>  **<u>Commitments</u>** |
| **<u>Security</u>** | **<u>Cost</u>** | **<u>Value at</u>**<br> **<u>September 30, 2025</u>** | **<u>Percent of</u>**<br>  **<u>Net Assets</u>** | **<u>Open</u>**<br>  **<u>Commitments</u>** |
| Precigen (Warrant) <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;$9022725 | $48144000 | 2.70% | N/A |

---

<sup>1</sup> Acquisition date was 12/30/24.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisor Managed Portfolios

- **b. Investment Company Act file number:** 811-23859

- **c. CIK number of Registrant:** 0001970751

- **d. LEI of Registrant:** 529900AK253W8LJALD89

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202-5210

  - **Telephone number:** 4142873700

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

- **a. Name of Series:** Patient Opportunity Trust

- **b. EDGAR series identifier (if any):** S000082973

- **c. LEI of Series:** 529900SMRCCJER62MX98

**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:** $1941464492.03

**Total Liabilities:** $149588925.05

**Net Assets:** $1791875566.98

**Amount of Assets Invested in Other Investment Companies:** $49881823.27

**Cash Not Reported:** $1398021.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246405 | 5.52%                | 7.49%                | 0.90%                |
| Class ID C000246406 | 5.53%                | 7.49%                | 0.92%                |
| Class ID C000246407 | 5.54%                | 7.51%                | 0.91%                |
| Class ID C000246408 | 5.58%                | 7.51%                | 0.95%                |
| Class ID C000246409 | 5.48%                | 7.43%                | 0.85%                |
| Class ID C000246410 | 5.57%                | 7.53%                | 0.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21234961.36             | $62134359.88                               |
| Month 2  | $-37691565.17            | $121426805.72                              |
| Month 3  | $7614060.00              | $28765113.21                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SoFi Technologies Inc          | SoFi Technologies Inc              | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |   1700000 | NS      | $44914000.00  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                  | Tempus AI Inc                      | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |    285000 | NS      | $23002350.00  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| S4 Capital PLC                 | S4 Capital PLC                     | CUSIP: N/A<br>LEI: 21380068SP9V65KPQN68       | Long             | EC               | CORP              | GB        |  30000000 | NS      | $9057897.92   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd                   | Seadrill Ltd                       | CUSIP: N/A<br>LEI: 213800EQ6L456U2JCO89       | Long             | EC               | CORP              | BM        |   1700000 | NS      | $51357000.00  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Angi Inc                       | Angi Inc                           | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |    600000 | NS      | $9756000.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd      | Alibaba Group Holding Ltd          | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |    360000 | NS      | $64342800.00  | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                       | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    475000 | NS      | $115472500.00 | 6.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                     | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    440000 | NS      | $96610800.00  | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    112000 | NS      | $82250560.00  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    500000 | NS      | $93290000.00  | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc           | OneMain Holdings Inc               | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    700000 | NS      | $39522000.00  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc        | Peloton Interactive Inc            | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |   1800000 | NS      | $16200000.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Precigen Inc                   | Precigen Inc                       | CUSIP: 74017N105<br>LEI: 549300XCWNQU35K64G19 | Long             | EC               | CORP              | US        |  20500000 | NS      | $67445000.39  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                        | QXO Inc                            | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   5000000 | NS      | $95300000.00  | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc   | United Airlines Holdings Inc       | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |    500000 | NS      | $48250000.00  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    275000 | NS      | $94957500.00  | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Precigen Warrant Restricted    | Precigen Warrant Restricted        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |  13600000 | NS      | $48144000.00  | 2.69%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Noble Corp PLC                 | Noble Corp PLC                     | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | US        |    800000 | NS      | $22624000.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings | Norwegian Cruise Line Holdings Ltd | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   3400000 | NS      | $83742000.00  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC             | Royalty Pharma PLC                 | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | US        |   2350000 | NS      | $82908000.00  | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                   | UBS Group AG                       | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |   1150000 | NS      | $47150000.00  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                     | Biogen Inc                         | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |    300000 | NS      | $42024000.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    925000 | NS      | $69735750.00  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                      | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   1000000 | NS      | $101500000.00 | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc            | Coinbase Global Inc                | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |    130000 | NS      | $43873700.00  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                      | Crocs Inc                          | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |    450000 | NS      | $37597500.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment  | Dave & Buster's Entertainment Inc  | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |   1600000 | NS      | $29056000.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc            | Delta Air Lines Inc                | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    650000 | NS      | $36887500.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                 | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   3700000 | NS      | $63492000.00  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc              | Expedia Group Inc                  | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185000 | NS      | $39543750.00  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Wise Origin Bitcoin F | Fidelity Wise Origin Bitcoin Fund  | CUSIP: 315948109<br>LEI: 254900ICT5W5WU7K9J50 | Long             | EC               | RF                | US        |    500000 | NS      | $49905000.00  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                  | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    700000 | NS      | $42679000.00  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                        | IAC Inc                            | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |   1600000 | NS      | $54512000.00  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                   | Illumina Inc                       | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |    440000 | NS      | $41786800.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                         | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |    700000 | NS      | $24486000.00  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                     | Mattel Inc                         | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   1550000 | NS      | $26086500.00  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Advisor Managed Portfolios

**Signature:** /s/ Eric T. McCormick

**Name of Signer:** Advisor Managed Portfolios

**Title:** Treasurer and Principal Financial Officer