NPORT-P
false
0001359057
XXXXXXXX
S000086569
C000252157
Manager Directed Portfolios
811-21897
0001359057
549300WAC9XE08QLVP90
615 E. Michigan Street
Milwaukee
53202
4145163123
Twin Oak Short Horizon Absolute Return ETF
S000086569
529900GLQ86Q1YT9R717
2026-05-31
2025-08-31
N
126300533.290000000000
87100598.400000000000
39199934.890000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
26998193.460000000000
N
N/A
N/A
SPY 10/17/2025 1020.01 P
N/A
124.000000000000
NC
USD
4595139.920000000000
11.7223151847
N/A
DE
US
N
2
Chicago Board Options Exchange
529900RLNSGA90UPEH54
Put
Purchased
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
100.000000000000
1020.010000000000
USD
2025-10-17
XXXX
-237785.770000000000
N
N
N
N/A
N/A
SPY 01/16/2026 20.01 C
N/A
272.000000000000
NC
USD
16929206.560000000000
43.1868231606
N/A
DE
US
N
2
Chicago Board Options Exchange
529900RLNSGA90UPEH54
Call
Purchased
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
100.000000000000
20.010000000000
USD
2026-01-16
XXXX
-33916.850000000000
N
N
N
N/A
N/A
SPY 01/16/2026 1020.01 P
N/A
272.000000000000
NC
USD
9816882.560000000000
25.0431093509
N/A
DE
US
N
2
Chicago Board Options Exchange
529900RLNSGA90UPEH54
Put
Purchased
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
100.000000000000
1020.010000000000
USD
2026-01-16
XXXX
52511.150000000000
N
N
N
N/A
N/A
SPY 10/17/2025 20.01 C
N/A
124.000000000000
NC
USD
7730921.360000000000
19.7217709205
N/A
DE
US
N
2
Chicago Board Options Exchange
529900RLNSGA90UPEH54
Call
Purchased
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
100.000000000000
20.010000000000
USD
2025-10-17
XXXX
321170.670000000000
N
N
N
2025-10-21
Manager Directed Portfolios
/s/ Ryan Frank
Ryan Frank
President
XXXX