# EDGAR Filing Document

**Accession Number:** 0001970751
**File Stem:** 0001145549-25-057587
**Filing Date:** 2025-8
**Character Count:** 23832
**Document Hash:** 31ab52332e122a45ed0c8194a8e65b72
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057587.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057587

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**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:** 251281479

**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

### Miller Value Partners Appreciation ETF (Series ID: S000083084)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000246598 | Miller Value Partners Appreciation ETF | MVPA            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Miller Value Partners Appreciation ETF** | **Miller Value Partners Appreciation ETF** | **Miller Value Partners Appreciation ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.5%** | **Shares** | **Value**  |
| **Communication Services - 9.9%** | **Communication Services - 9.9%** | |
| Alphabet, Inc. - Class A | 15648 | $2757647 |
| Pinterest, Inc. - Class A <sup>(a)</sup> | 70657 | 2533760 |
| Ziff Davis, Inc. <sup>(a)</sup> | 57059 | 1727176 |
|  |  | 7018583 |
| **Consumer Discretionary - 21.8%** | **Consumer Discretionary - 21.8%** |  |
| Airbnb, Inc. - Class A <sup>(a)</sup> | 10036 | 1328164 |
| Buckle Inc/The | 13869 | 628959 |
| Citi Trends, Inc. <sup>(a)</sup> | 71466 | 2386250 |
| Coupang, Inc. <sup>(a)</sup> | 127891 | 3831614 |
| Crocs, Inc. <sup>(a)</sup> | 40471 | 4098903 |
| Lithia Motors, Inc. | 3086 | 1042513 |
| Perdoceo Education Corp. | 66083 | 2160253 |
|  |  | 15476656 |
| **Consumer Staples - 3.6%** | **Consumer Staples - 3.6%** |  |
| Maplebear, Inc. <sup>(a)</sup> | 55775 | 2523261 |
| **Energy - 7.0%** | **Energy - 7.0%** |  |
| Alliance Resource Partners LP | 54009 | 1411795 |
| Chord Energy Corp. | 611 | 59176 |
| TechnipFMC PLC | 57105 | 1966696 |
| Venture Global, Inc. - Class A | 96895 | 1509624 |
|  |  | 4947291 |
| **Financials - 29.5%<sup>(b)</sup>** | **Financials - 29.5%<sup>(b)</sup>** |  |
| Bread Financial Holdings, Inc. | 66076 | 3774261 |
| Federal Home Loan Mortgage Corp. <sup>(a)</sup> | 247957 | 2043166 |
| Federal National Mortgage Association <sup>(a)</sup> | 240206 | 2291565 |
| Jackson Financial, Inc. - Class A | 22491 | 1996976 |
| Lincoln National Corp. | 75304 | 2605518 |
| PayPal Holdings, Inc. <sup>(a)</sup> | 22948 | 1705495 |
| Shift4 Payments, Inc. - Class A <sup>(a)</sup> | 16450 | 1630360 |
| Toast, Inc. - Class A <sup>(a)</sup> | 43936 | 1945926 |
| Vroom, Inc. <sup>(a)</sup> | 62367 | 1778083 |
| Western Alliance Bancorp | 15333 | 1195667 |
|  |  | 20967017 |
| **Health Care - 7.6%** | **Health Care - 7.6%** |  |
| Centene Corp. <sup>(a)</sup> | 53369 | 2896869 |
| Semler Scientific, Inc. <sup>(a)</sup> | 57033 | 2209458 |
| Viatris, Inc. | 35435 | 316435 |
|  |  | 5422762 |
| **Industrials - 8.8%** | **Industrials - 8.8%** |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 24753 | 2888428 |
| JELD-WEN Holding, Inc. <sup>(a)</sup> | 165862 | 650179 |
| Masterbrand, Inc. <sup>(a)</sup> | 121868 | 1332017 |
| Quad/Graphics, Inc. | 244921 | 1383804 |
|  |  | 6254428 |
| **Information Technology - 8.3%** | **Information Technology - 8.3%** |  |
| Dropbox, Inc. - Class A <sup>(a)</sup> | 83037 | 2374858 |
| Expensify, Inc. - Class A <sup>(a)</sup> | 297776 | 771240 |
| MicroStrategy, Inc. - Class A <sup>(a)</sup> | 6784 | 2742296 |
|  |  | 5888394 |
| **Real Estate - 3.0%** | **Real Estate - 3.0%** |  |
| CTO Realty Growth, Inc. | 124029 | 2140741 |
| **TOTAL COMMON STOCKS** (Cost $59,514,072) | **TOTAL COMMON STOCKS** (Cost $59,514,072) | 70639133 |
| **WARRANTS - 0.1%** | **Contracts** | **Value**  |
| **Financials *-* 0.1%** | **Financials *-* 0.1%** |  |
| Vroom, Inc., Expires 01/14/2030, Exercise Price $60.95 <sup>(a)</sup> | 6126 | $89133 |
| **TOTAL WARRANTS** (Cost $68,658) | **TOTAL WARRANTS** (Cost $68,658) | 89133 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $59,582,730**)** | **TOTAL INVESTMENTS - 99.6% (**Cost $59,582,730**)** | 70728266 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 286438 |
| **TOTAL NET ASSETS - 100.0%** |  | $71014704 |
| two | two | –% |
| 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. |

---

LP - Limited Partnership <br> PLC - Public Limited Company

(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.

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Miller Value Partners Appreciation 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 70639133 | – |  | 70639133 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | – | 89133 |  | 89133 |
| Total Investments | 70639133 | 89133 |  | 70728266 |
| 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:** Miller Value Partners Appreciation ETF

- **b. EDGAR series identifier (if any):** S000083084

- **c. LEI of Series:** 52990097TT39DM3Y7Y26

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $71048155.40

**Total Liabilities:** $33451.36

**Net Assets:** $71014704.04

**Cash Not Reported:** $22.04

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246598 | -2.47%               | 8.10%                | 4.71%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $357413.57               | $-2082974.18                               |
| Month 2  | $321145.01               | $4570606.62                                |
| Month 3  | $241161.03               | $2851905.13                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CTO Realty Growth Inc                  | CTO Realty Growth Inc                  | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124029 | NS      | $2140740.54   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                            | Dropbox Inc                            | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     83037 | NS      | $2374858.20   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Expensify Inc                          | Expensify Inc                          | CUSIP: 30219Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297776 | NS      | $771239.84    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                            | Federal Home Loan Mortgage Corp        | CUSIP: 313400301<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | EC               | CORP              | US        |    247957 | NS      | $2043165.68   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                             | Federal National Mortgage Association  | CUSIP: 313586109<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EC               | CORP              | US        |    240206 | NS      | $2291565.24   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                         | Ziff Davis Inc                         | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     57059 | NS      | $1727175.93   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                              | Toast Inc                              | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     43936 | NS      | $1945925.44   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    317539 | NS      | $317539.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                     | Venture Global Inc                     | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     96895 | NS      | $1509624.10   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                            | Viatris Inc                            | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     35435 | NS      | $316434.55    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VROOM INC                              | Vroom Inc                              | CUSIP: 92918V117<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      6126 | NS      | $89133.30     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Vroom Inc                              | Vroom Inc                              | CUSIP: 92918V307<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62367 | NS      | $1778083.17   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp               | Western Alliance Bancorp               | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     15333 | NS      | $1195667.34   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                         | TechnipFMC PLC                         | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |     57105 | NS      | $1966696.20   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                             | Airbnb Inc                             | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     10036 | NS      | $1328164.24   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc           | Bread Financial Holdings Inc           | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     66076 | NS      | $3774261.12   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners LP          | Alliance Resource Partners LP          | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |     54009 | NS      | $1411795.26   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                           | Alphabet Inc                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     15648 | NS      | $2757647.04   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                         | Buckle Inc/The                         | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     13869 | NS      | $628959.15    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc               | Builders FirstSource Inc               | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     24753 | NS      | $2888427.57   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                           | Centene Corp                           | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     53369 | NS      | $2896869.32   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citi Trends Inc                        | Citi Trends Inc                        | CUSIP: 17306X102<br>LEI: 529900D06Q0FPHV34S87 | Long             | EC               | CORP              | US        |     71466 | NS      | $2386249.74   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                            | Coupang Inc                            | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    127891 | NS      | $3831614.36   | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                              | Crocs Inc                              | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     40471 | NS      | $4098902.88   | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                      | Chord Energy Corp                      | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |       611 | NS      | $59175.35     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                  | Jackson Financial Inc                  | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     22491 | NS      | $1996975.89   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding Inc                   | JELD-WEN Holding Inc                   | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |    165862 | NS      | $650179.04    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                  | Lincoln National Corp                  | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     75304 | NS      | $2605518.40   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                      | Lithia Motors Inc                      | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      3086 | NS      | $1042512.52   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                          | Maplebear Inc                          | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55775 | NS      | $2523261.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                        | Masterbrand Inc                        | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    121868 | NS      | $1332017.24   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc                      | MicroStrategy Inc                      | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |      6784 | NS      | $2742296.32   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                    | PayPal Holdings Inc                    | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     22948 | NS      | $1705495.36   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                | Perdoceo Education Corp                | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     66083 | NS      | $2160253.27   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                          | Pinterest Inc                          | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70657 | NS      | $2533760.02   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Quad/Graphics Inc                      | Quad/Graphics Inc                      | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |    244921 | NS      | $1383803.65   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Semler Scientific Inc                  | Semler Scientific Inc                  | CUSIP: 81684M104<br>LEI: 549300ZHL16S29QTW485 | Long             | EC               | CORP              | US        |     57033 | NS      | $2209458.42   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                    | Shift4 Payments Inc                    | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16450 | NS      | $1630359.50   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Advisor Managed Portfolios

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

**Name of Signer:** Advisor Managed Portfolios

**Title:** Treasurer and Principal Financial Officer