# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0001145549-25-047487
**Filing Date:** 2025-7
**Character Count:** 9720
**Document Hash:** 7042dc117b1ffddf653a9ad461e640dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047487.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001145549-25-047487

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250831

**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:** 251146500

**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

### ATAC Rotation Fund (Series ID: S000038237)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000117903 | Investor Class Shares      | ATACX           |
| C000199677 | Institutional Class Shares | ATCIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ATAC Rotation Fund** | **ATAC Rotation Fund** | **ATAC Rotation Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 99.3%** | **Shares** | **Value** |
| **U.S. Domestic Equity - 99.3%** | **U.S. Domestic Equity - 99.3%** | |
| Direxion Daily Small Cap Bull 3X Fund | 264968 | $7702620 |
| iShares Core S&P Small-Cap Fund <sup>(a)</sup> | 146812 | 15469580 |
| iShares Russell 2000 Fund | 34435 | 7061585 |
| Schwab U.S. Small-Cap Fund <sup>(a)</sup> | 489345 | 11822575 |
| SPDR Portfolio S&P 600 Small Cap Fund | 114466 | 4704553 |
|  |  | 46760913 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $43,518,273) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $43,518,273) | 46760913 |
| **SHORT-TERM INVESTMENTS - 1.1%** |  |  |
| **Money Market Funds - 1.1%** |  |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(b)</sup> | 506018 | 506018 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $506,018) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $506,018) | 506018 |
| **TOTAL INVESTMENTS - 100.4% (**Cost $44,024,291**)** | **TOTAL INVESTMENTS - 100.4% (**Cost $44,024,291**)** | 47266931 |
| Liabilities in Excess of Other Assets - (0.4)% | Liabilities in Excess of Other Assets - (0.4)% | (165912) |
| **TOTAL NET ASSETS - 100.0%** |  | $47101019 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

(a) Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at
 www.sec.gov.

(b) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

------

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
ATAC Rotation 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 May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Investments: | Level 1 | Level 2 | Level 3 | Total |
| Exchange Traded Funds | $46760913 | $- | $- | $46760913 |
| Money Market Funds | 506018 | - | - | 506018 |
| Total Investments | $47266931 | $- | $- | $47266931 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.<br>

## 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:** ATAC Rotation Fund

- **b. EDGAR series identifier (if any):** S000038237

- **c. LEI of Series:** 549300VF144YCTIXGV31

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $47456841.76

**Total Liabilities:** $354219.74

**Net Assets:** $47102622.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000117903 | -1.08%               | -1.09%               | 6.58%                |
| Class ID C000199677 | -1.06%               | -1.07%               | 6.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-607408.10                                |
| Month 2  | $-362089.52              | $-491141.70                                |
| Month 3  | $74211.21                | $2952956.80                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    690461 | NS      | $690461.43    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF       | iShares Russell 2000 ETF                   | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |     34435 | NS      | $7061585.45   | 14.99%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US Small-Cap ETF        | Schwab US Small-Cap ETF                    | CUSIP: 808524607<br>LEI: 5493003UKSEZNILT8D61 | Long             | EC               | RF                | US        |    489345 | NS      | $11822575.20  | 25.10%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF | iShares Core S&P Small-Cap ETF             | CUSIP: 464287804<br>LEI: 549300BZQ17QYN750B25 | Long             | EC               | RF                | US        |    146812 | NS      | $15469580.44  | 32.84%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 600 Small C | SPDR Portfolio S&P 600 Small Cap ETF       | CUSIP: 78468R853<br>LEI: 549300NYZX301TBLUJ08 | Long             | EC               | RF                | US        |    114466 | NS      | $4704552.60   | 9.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Direxion Daily Small Cap Bull  | Direxion Daily Small Cap Bull 3X Shares    | CUSIP: 25459W847<br>LEI: EI6O4TKYTT2L506TQD71 | Long             | EC               | RF                | US        |    264968 | NS      | $7702619.76   | 16.35%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Benjamin Eirich

**Name of Signer:** Managed Portfolio Series

**Title:** Treasurer