# EDGAR Filing Document

**Accession Number:** 0001970751
**File Stem:** 0000894189-26-007422
**Filing Date:** 2026-3
**Character Count:** 16567
**Document Hash:** 8d899e02599080ce960cf4f5e7fe3537
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-007422.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000894189-26-007422

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**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:** 26707233

**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

### BHILL Fund (Series ID: S000090927)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000258316 | Managed Account Completion Shares | BHILX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **BHILL Fund** | **BHILL Fund** | **BHILL Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 69.3%** | **Shares** | **Value**  |
| Invesco Preferred ETF | 209500 | $2354780 |
| iShares 0-5 Year High Yield Corporate Bond ETF <sup>(a)</sup> | 797028 | 34168590 |
| iShares 0-5 Year Investment Grade Corporate Bond ETF | 75804 | 3843263 |
| iShares 20+ Year Treasury Bond ETF | 118245 | 10306234 |
| iShares Preferred and Income Securities ETF | 278337 | 8617313 |
| VanEck Long Muni ETF | 67109 | 1176488 |
| Vanguard Long-Term Corporate Bond ETF | 24543 | 1861587 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $62,670,601) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $62,670,601) | 62328255 |
| **PREFERRED STOCKS - 18.5%** | **Shares** | **Value**  |
| **Closed-end Funds - 2.1%** | **Closed-end Funds - 2.1%** |  |
|  Virtus Convertible & Income Fund, Series A, 5.63%, Perpetual <sup>(b)</sup> | 86772 | 1860392 |
| **Insurance - 4.4%** | **Insurance - 4.4%** |  |
|  Lincoln National Corp. Depositary Shares, Series D, 9.00%, Perpetual <sup>(b)</sup> | 149032 | 3998528 |
| **REITS - 12.0%** | **REITS - 12.0%** |  |
|  AGNC Investment Corp., Series H, 8.75%, Perpetual | 98193 | 2478391 |
|  AGNC Investment Corp. Depositary Shares, Series F, 8.86% (3 mo. Term SOFR + 4.96%), Perpetual | 190784 | 4681840 |
|  Annaly Capital Management, Inc., Series I, 8.90% (3 mo. Term SOFR + 5.25%), Perpetual | 143151 | 3660371 |
|  |  | 10820602 |
| **TOTAL PREFERRED STOCKS** (Cost $16,810,876) | **TOTAL PREFERRED STOCKS** (Cost $16,810,876) | 16679522 |
| **CLOSED-END FUNDS - 7.2%** | **Shares** | **Value**  |
| Nuveen AMT-Free Quality Municipal Income Fund | 165464 | 1924346 |
| Nuveen Quality Municipal Income Fund | 139635 | 1678413 |
| PIMCO Municipal Income Fund II | 384284 | 2897502 |
| **TOTAL CLOSED-END FUNDS** (Cost $6,266,682) | **TOTAL CLOSED-END FUNDS** (Cost $6,266,682) | 6500261 |
| **CORPORATE BONDS - 2.5%** | **Par** | **Value**  |
| **Insurance - 1.9%** | **Insurance - 1.9%** | **Insurance - 1.9%** |
|  Reinsurance Group of America, Inc., 7.13% to 10/15/2027 then 5 yr. CMT Rate + 3.46%, 10/15/2052 <sup>(b)</sup> | $66147 | 1682780 |
| **Private Equity - 0.6%** | **Private Equity - 0.6%** | **Private Equity - 0.6%** |
|  Carlyle Finance LLC, 4.63%, 05/15/2061 <sup>(b)</sup> | 32000 | 547200 |
| **TOTAL CORPORATE BONDS** (Cost $2,257,596) | **TOTAL CORPORATE BONDS** (Cost $2,257,596) | 2229980 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.8%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(c)</sup> | 747431 | 747431 |
| **TOTAL MONEY MARKET FUNDS** (Cost $747,431) | **TOTAL MONEY MARKET FUNDS** (Cost $747,431) | 747431 |
| **TOTAL INVESTMENTS - 98.3% (**Cost $88,753,186**)** | **TOTAL INVESTMENTS - 98.3% (**Cost $88,753,186**)** | 88485449 |
| Other Assets in Excess of Liabilities - 1.7% | Other Assets in Excess of Liabilities - 1.7% | 1494993 |
| **TOTAL NET ASSETS - 100.0%** |  | $89980442 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| AMT - Alternative Minimum Tax |
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(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) Non-income producing security.

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
BHILL 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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | $62328255 | $– | $– | $62328255 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 16679522 | – | – | 16679522 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 6500261 | – | – | 6500261 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 2229980 | – | 2229980 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 747431 | – | – | 747431 |
| Total Investments | $86255469 | $2229980 | $– | $88485449 |
| 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:** BHILL Fund

- **b. EDGAR series identifier (if any):** S000090927

- **c. LEI of Series:** 529900ET5VQQ87IIFA21

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $88590830.36

**Total Liabilities:** $978150.97

**Net Assets:** $87612679.39

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258316 | 0.43%                | 0.25%                | 0.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $36314.79                | $-197854.71                                |
| Month 2  | $15620.31                | $-258478.39                                |
| Month 3  | $-20218.46               | $-776158.65                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AGNC INVESTMENT CORP           | AGNC Investment Corp                                 | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    190784 | NS      | $4681839.36   | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund           | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    747431 | NS      | $747431.21    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen AMT-Free Quality Munici | Nuveen AMT-Free Quality Municipal Income Fund        | CUSIP: 670657105<br>LEI: 549300OTYQOOXS64NI63 | Long             | EC               | RF                | US        |    165464 | NS      | $1924346.32   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Quality Municipal Incom | Nuveen Quality Municipal Income Fund                 | CUSIP: 67066V101<br>LEI: 549300RDIO25ZNWCOA97 | Long             | EC               | RF                | US        |    139635 | NS      | $1678412.70   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Long Muni ETF           | VanEck Long Muni ETF                                 | CUSIP: 92189F536<br>LEI: 549300IDZV3WP33JOF22 | Long             | EC               | RF                | US        |     67109 | NS      | $1176487.88   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Preferred ETF          | Invesco Preferred ETF                                | CUSIP: 46138E511<br>LEI: 549300J11Q08WEERN210 | Long             | EC               | RF                | US        |    209500 | NS      | $2354780.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year Investment Gr | iShares 0-5 Year Investment Grade Corporate Bond ETF | CUSIP: 46434V100<br>LEI: 549300DQ0XBNCH5EKW50 | Long             | EC               | RF                | US        |     75804 | NS      | $3843262.80   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Municipal Income Fund II | PIMCO Municipal Income Fund II                       | CUSIP: 72200W106<br>LEI: ZVT714KPY3QTZWRT1S41 | Long             | EC               | RF                | US        |    364284 | NS      | $2746701.36   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE FINANCE LLC            | Carlyle Finance LLC                                  | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     32000 | NS      | $547200.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Preferred and Income S | iShares Preferred and Income Securities ETF          | CUSIP: 464288687<br>LEI: 549300YX74JNY54XCY80 | Long             | EC               | RF                | US        |    278337 | NS      | $8617313.52   | 9.84%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN NATIONAL CORP          | Lincoln National Corp                                | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |    149032 | NS      | $3998528.56   | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRTUS CVT & INCOME FUND       | Virtus Convertible & Income Fund                     | CUSIP: 92838X706<br>LEI: 549300WT3ICVH2Z06O49 | Long             | EP               | CORP              | US        |     86772 | NS      | $1860391.68   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 0-5 Year High Yield Co | iShares 0-5 Year High Yield Corporate Bond ETF       | CUSIP: 46434V407<br>LEI: 549300R96U5WQ7R5ID10 | Long             | EC               | RF                | US        |    797028 | NS      | $34168590.36  | 39.00%            |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER        | Reinsurance Group of America Inc                     | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     66147 | NS      | $1682779.68   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long-Term Corporate B | Vanguard Long-Term Corporate Bond ETF                | CUSIP: 92206C813<br>LEI: N/A                  | Long             | EC               | RF                | US        |     24543 | NS      | $1861586.55   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond | iShares 20+ Year Treasury Bond ETF                   | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |    118245 | NS      | $10306234.20  | 11.76%            |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                                 | CUSIP: 00123Q831<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     98193 | NS      | $2478391.32   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT            | Annaly Capital Management Inc                        | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |    143151 | NS      | $3660371.07   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Advisor Managed Portfolios

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

**Name of Signer:** Advisor Managed Portfolios

**Title:** Treasurer and Principal Financial Officer