# EDGAR Filing Document

**Accession Number:** 0001970751
**File Stem:** 0001193125-26-251160
**Filing Date:** 2026-6
**Character Count:** 16471
**Document Hash:** d2f41aba79a9838881bc35467ff52ed5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-251160.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0001193125-26-251160

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**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:** 261050051

**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

### Trenchless Fund ETF (Series ID: S000084161)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000248434 | Trenchless Fund ETF | RVER            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Trenchless Fund ETF** | **Trenchless Fund ETF** | **Trenchless Fund ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 96.9%** | **Shares**  | **Value**  |
| **Financial Services - 10.9%** | **Financial Services - 10.9%** | |
| Cleanspark, Inc. <sup>(a)</sup> | 473360 | $4028294 |
| Rocket Cos., Inc. - Class A <sup>(a)</sup> | 368250 | 5247562 |
| SoFi Technologies, Inc. <sup>(a)</sup> | 192248 | 3052898 |
|  |  | 12328754 |
| **Health Care - 4.3%** | **Health Care - 4.3%** |  |
| ImmunityBio, Inc. <sup>(a)</sup> | 631630 | 4844602 |
| **Industrial Products - 4.8%** | **Industrial Products - 4.8%** |  |
| Allison Transmission Holdings, Inc. | 22284 | 2608565 |
| Generac Holdings, Inc. <sup>(a)</sup> | 14207 | 2775053 |
|  |  | 5383618 |
| **Industrial Services - 4.6%** | **Industrial Services - 4.6%** |  |
| United Rentals, Inc. | 7107 | 5177876 |
| **Media - 15.1%** | **Media - 15.1%** |  |
| AppLovin Corp. - Class A <sup>(a)</sup> | 9984 | 3973632 |
| Meta Platforms, Inc. - Class A | 14747 | 8437201 |
| Uber Technologies, Inc. <sup>(a)</sup> | 64760 | 4658187 |
|  |  | 17069020 |
| **Oil & Gas - 3.8%** | **Oil & Gas - 3.8%** |  |
| Phillips 66 | 23248 | 4235321 |
| **Retail & Wholesale - Discretionary - 7.5%** | **Retail & Wholesale - Discretionary - 7.5%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 40372 | 8408276 |
| **Software & Tech Services - 30.4% <sup>(b)</sup>** | **Software & Tech Services - 30.4% <sup>(b)</sup>** |  |
| Atlassian Corp. - Class A <sup>(a)</sup> | 76841 | 5244398 |
| Microsoft Corp. | 16390 | 6067086 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 48695 | 7806783 |
| ServiceNow, Inc. <sup>(a)</sup> | 98482 | 10296293 |
| Snowflake, Inc. - Class A <sup>(a)</sup> | 32220 | 4859421 |
|  |  | 34273981 |
| **Tech Hardware & Semiconductors - 15.5%** | **Tech Hardware & Semiconductors - 15.5%** |  |
| Broadcom, Inc. | 17276 | 5347095 |
| Marvell Technology, Inc. | 41506 | 4111169 |
| NVIDIA Corp. | 45656 | 7962407 |
|  |  | 17420671 |
| **TOTAL COMMON STOCKS** (Cost $119,068,566) | **TOTAL COMMON STOCKS** (Cost $119,068,566) | 109142119 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 3.6%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(c)</sup> | 4082682 | 4082682 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,082,682) | **TOTAL MONEY MARKET FUNDS** (Cost $4,082,682) | 4082682 |
| **TOTAL INVESTMENTS - 100.5% (**Cost $123,151,248**)** | **TOTAL INVESTMENTS - 100.5% (**Cost $123,151,248**)** | 113224801 |
| Liabilities in Excess of Other Assets - (0.5)% | Liabilities in Excess of Other Assets - (0.5)% | (579075) |
| **TOTAL NET ASSETS - 100.0%** |  | $112645726 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) Non-income producing security.

(b) 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.

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

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Trenchless Fund 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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $109142119 | $– | $– | $109142119 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4082682 | – | – | 4082682 |
| Total Investments | $113224801 | $– | $– | $113224801 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | 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:** 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:** Trenchless Fund ETF

- **b. EDGAR series identifier (if any):** S000084161

- **c. LEI of Series:** 5299005J4V0XTTW2TM62

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $112714165.42

**Total Liabilities:** $65247.12

**Net Assets:** $112648918.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248434 | 1.41%                | -6.74%               | -6.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2270179.50             | $3651649.75                                |
| Month 2  | $-4972846.77             | $-2225100.07                               |
| Month 3  | $-2102511.53             | $-5159207.73                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allison Transmission Holdings  | Allison Transmission Holdings Inc          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     22284 | NS      | $2608565.04   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     14747 | NS      | $8437201.11   | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                  | AppLovin Corp                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      9984 | NS      | $3973632.00   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                 | Atlassian Corp                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     76841 | NS      | $5244398.25   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ImmunityBio Inc                | ImmunityBio Inc                            | CUSIP: 45256X103<br>LEI: 529900J9XLBR4HFL4B83 | Long             | EC               | CORP              | US        |    631630 | NS      | $4844602.10   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     64760 | NS      | $4658186.80   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     23248 | NS      | $4235320.64   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     98482 | NS      | $10296293.10  | 9.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      7107 | NS      | $5177875.92   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc          | SoFi Technologies Inc                      | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |    192248 | NS      | $3052898.24   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4082682 | NS      | $4082682.29   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     16390 | NS      | $6067086.30   | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     48695 | NS      | $7806782.40   | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                  | Snowflake Inc                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     26220 | NS      | $3954500.40   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     40372 | NS      | $8408276.44   | 7.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     17276 | NS      | $5347094.76   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc           | Generac Holdings Inc                       | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     14207 | NS      | $2775053.31   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |     41506 | NS      | $4111169.30   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleanspark Inc                 | Cleanspark Inc                             | CUSIP: 18452B209<br>LEI: 254900VO7KBRJQDGY810 | Long             | EC               | CORP              | US        |    473360 | NS      | $4028293.60   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     45656 | NS      | $7962406.40   | 7.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                 | Rocket Cos Inc                             | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    393250 | NS      | $5603812.50   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Advisor Managed Portfolios

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

**Name of Signer:** Advisor Managed Portfolios

**Title:** Treasurer and Principal Financial Officer