NPORT-P false 0001359057 XXXXXXXX S000060175 C000196940 Manager Directed Portfolios 811-21897 0001359057 549300J0JL5T81OQ6O93 615 E. Michigan Street Milwaukee 53202 4142873101 Spyglass Growth Fund S000060175 549300VSBO6U4TKNS090 2020-12-31 2020-03-31 N 423542355.650000000000 388010.960000000000 423154344.690000000000 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 24100898.960000000000 N Affiliated Managers Group Inc 2JE75BUE3T1BLCYYGK54 008252108 223853.000000000000 NS USD 13238666.420000000000 3.1285668187 Long EC CORP US N 1 N N N Arista Networks Inc 635400H1WKBLOQERUU95 040413106 115618.000000000000 NS USD 23418425.900000000000 5.5342515548 Long EC CORP US N 1 N N N Ascendis Pharma A/S 549300B66JN3W3J8GH73 04351P101 156481.000000000000 NS USD 17621325.410000000000 4.1642785029 Long EC CORP DK N 1 N N N Bright Horizons Family Solutio N/A 109194100 147004.000000000000 NS USD 14994408.000000000000 3.5434843546 Long EC CORP US N 1 N N N Chipotle Mexican Grill Inc N/A 169656105 32416.000000000000 NS USD 21213030.400000000000 5.0130716289 Long EC CORP US N 1 N N N DexCom Inc 549300YSK3QDSFR5EU59 252131107 40176.000000000000 NS USD 10818191.520000000000 2.5565592450 Long EC CORP US N 1 N N N DocuSign Inc 549300Q7PVDWRZ39JG09 256163106 263205.000000000000 NS USD 24320142.000000000000 5.7473454557 Long EC CORP US N 1 N N N Envestnet Inc 549300HLWZ5OKIDM8737 29404K106 180518.000000000000 NS USD 9708258.040000000000 2.2942593316 Long EC CORP US N 1 N N N Equinix Inc 549300EVUN2BTLJ3GT74 29444U700 15864.000000000000 NS USD 9908178.480000000000 2.3415046080 Long EC CORP US N 1 N N N Everbridge Inc 549300WCY0UMR64ATW81 29978A104 146729.000000000000 NS USD 15606096.440000000000 3.6880388057 Long EC CORP US N 1 N N N Exact Sciences Corp 549300VM3X1FYD4N9Z14 30063P105 323710.000000000000 NS USD 18775180.000000000000 4.4369578702 Long EC CORP US N 1 N N N Five Below Inc 529900AAXP5Z6BGI7418 33829M101 202426.000000000000 NS USD 14246741.880000000000 3.3667956051 Long EC CORP US N 1 N N N GoDaddy Inc N/A 380237107 369655.000000000000 NS USD 21110997.050000000000 4.9889590678 Long EC CORP US N 1 N N N Lyft Inc 549300H7I5VN334XVZ52 55087P104 427413.000000000000 NS USD 11476039.050000000000 2.7120220303 Long EC CORP US N 1 N N N Nutanix Inc 549300X7J6E8TKVIXW09 67059N108 749097.000000000000 NS USD 11835732.600000000000 2.7970249505 Long EC CORP US N 1 N N N Pacira BioSciences Inc N/A 695127100 532557.000000000000 NS USD 17856636.210000000000 4.2198872431 Long EC CORP US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 697435105 139277.000000000000 NS USD 22835856.920000000000 5.3965786259 Long EC CORP US N 1 N N N Proofpoint Inc 529900C5FODDK0WSR085 743424103 176775.000000000000 NS USD 18135347.250000000000 4.2857523449 Long EC CORP US N 1 N N N Redfin Corp 549300HXWD3JEMZU3O57 75737F108 698035.000000000000 NS USD 10763699.700000000000 2.5436817169 Long EC CORP US N 1 N N N SVMK Inc N/A 78489X103 1201851.000000000000 NS USD 16237007.010000000000 3.8371358380 Long EC CORP US N 1 N N N Splunk Inc 549300XGDSGBP6UEI867 848637104 147278.000000000000 NS USD 18590901.940000000000 4.3934092071 Long EC CORP US N 1 N N N Twitter Inc 549300I8RX485XMK6836 90184L102 626920.000000000000 NS USD 15397155.200000000000 3.6386617302 Long EC CORP US N 1 N N N Ulta Beauty Inc 529900CIV6HN8M28YM82 90384S303 100406.000000000000 NS USD 17641334.200000000000 4.1690069880 Long EC CORP US N 1 N N N Vail Resorts Inc 529900PSZHRNU9HKH870 91879Q109 65140.000000000000 NS USD 9621829.400000000000 2.2738344816 Long EC CORP US N 1 N N N Zuora Inc 549300ISVGC1YZWQJ420 98983V106 1085132.000000000000 NS USD 8735312.600000000000 2.0643324852 Long EC CORP US N 1 N N N 2020-05-29 Manager Directed Portfolios /s/ Douglas J. Neilson Manager Directed Portfolios President XXXX