The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
Report for the Calendar Year or Quarter Ended: 09-30-2025
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Orion Porfolio Solutions, LLC
Address: 17605 Wright Street
Omaha, NE  68130
Form 13F File Number: 028-11877
CRD Number (if applicable):
SEC File Number (if applicable):

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Mark Audrain
Title: Chief Compliance Officer
Phone: 402-896-7713
Signature, Place, and Date of Signing:
/s/ Mark Audrain Kansas City,  MO 11-12-2025
[Signature] [City, State] [Date]
Report Type (Check only one.):
   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Name Form 13F File No. CRD No. (if applicable) SEC File No. (if applicable) CIK
Aegis Wealth Group, LLC   000222515 801-116983  
Allen Capital Group, LLC   000135879 801-64514  
Alphastar Capital Management, LLC   000157423 801-72361  
Ameritas Investment Company, LLC   000014869 8-31296  
Arete Wealth Advisors, LLC   000145488 801-69827  
Artifex Financial Group, LLC   000140643 801-112759  
Axxcess Wealth Management, LLC   000164081 801-76763  
Bison Advisor, LLC   000165931 801-78287  
Bison Wealth, LLC   000299805 801-114547  
Blue Barn Wealth, LLC   000107202 801-118602  
Brookwood Investment Group   000316544 801-122508  
BRYN MAWR TRUST ADVISORS, LLC   000285359 801-108434  
Burkholder & Associates, LLC   000313338 801-120797  
Capital Advisors, Inc.   000104643 801-14050  
Carson Wealth Management   000155344 801-72037  
CFS Investment Advisory Services LLC   000106577 801-45064  
CGN Advisors, LLC   000282552    
Colonial River Investments, LLC (Axxcess)   000284839 801-113243  
Connecticut Capital Management Group, LLC   000305013 801-117202  
CP MAX   000151916 801-70888  
Diversify Advisor Network, LLC   000155576    
Diversify Wealth Management, LLC   000145593 801-68547  
Divvi Wealth Management   000318241    
Dovetail Financial Group LLC   000311298 801-119910  
Earned Wealth   000316933 801-123055  
Echo45 Advisors LLC   000307265 801-118109  
Elevation Point Wealth Partners, LLC - Institutional   000137068 801-65068  
Facet Wealth, Inc.   000285961 801-108767  
Foguth Wealth Management, LLC.   000327434 801-128714  
Fortress Wealth Planning   000307618 801-120349  
Founders Financial Securities, LLC   000137945 801-66892  
Fourth Dimension Wealth Management, LLC   000306703 801-127881  
Fulcrum Equity Management, LLC   000159099 801-79524  
Generational Private Wealth   000324954 801-132141  
Global Retirement Partners, LLC   000172011 801-80074  
Global Strategic Investment Solutions, LLC   000175300 801-114835  
Green Ocean Global Advisors LLC   000321145    
HBW Advisory Services, LLC   000143665 801-77333  
Hobart Private Capital, LLC   000168494 801-107338  
James Investment Research Inc   000110433 801-12359  
Keel Point, LLC   000127902 801-62249  
Klein Pavlis & Peasley Financial, Inc.   000112414 801-121974  
Korhorn Financial Group (Axxcess)   000128606 801-78914  
Larson Financial Group, LLC   000140599 801-71543  
LeConte Wealth Management, LLC   000168539 801-78438  
Legacy Financial Strategies   000133014 801-63567  
Legacy Investment Strategies, LLC   000117423    
Madrona Financial Services, LLC   000115753 801-63693  
Maia Wealth, LLC   000292817 801-120452  
Mercer Advisors   000147363 801-69271  
Merit Financial Group, LLC   000142457 801-67462  
Mirador Consulting        
Modern Wealth Management, LLC   000324624 801-127231  
Momentous Wealth Management   000288429 801-110752  
Mutual Advisors, LLC   000013092 8-28580  
Natural Investments LLC   000113348 801-63874  
New World Advisors LLC   000296798 801-113314  
NewEdge Advisors   000171351 801-79876  
Nova R Wealth, Inc.   000169574 801-78933  
OneAscent Financial Services, LLC   000284549 801-108265  
OneDigital Investment Advisors LLC   000106766 801-40622  
OnePoint BFG Wealth Partners   000318366 801-123232  
Optivise Advisory Services LLC   000301764 801-115232  
Pallas Capital Advisors, LLC   000310327 801-119646  
Panorama Wealth Advisors   000324199 801-127465  
Peterson Wealth Advisors, LLC   000146349 801-68917  
PFW Advisors LLC   000325119 801-127980  
Ponta Wealth Partners   000330058 801-132915  
PPS Select ? Commonwealth   000008032 801-41541  
Private Advisor Group, LLC   000155216 801-72060  
Prosperity Capital Advisors   000156480 801-72187  
RAI Wealth   000324695 801-127594  
RFG Advisory, LLC   000118395    
Savant Capital, LLC   000132358    
Savvy Wealth, Inc   000318493 801-123656  
Seeds Investor LLC   000308909 801-124693  
Signal Advisors   000301086 801-127017  
Silver Oak Securities Incorporated   000046947 801-71178  
Stevens Capital Partners   000317517 801-122960  
Stone House Investment Management, LLC   000139410 801-106971  
Strategic Income Group, LLC   000165839 801-108752  
Stratos Investment Management   000283850 801-107873  
The Ascent Group, LLC   000314424 801-121182  
The Fragasso Group Inc   000123255 801-77097  
Thrive Wealth Management, LLC   000168777 801-108388  
Thrivent Advisor Network, LLC   000018387 801-29618  
Triad Wealth Partners, LLC   000326523 801-128150  
Troxell Financial   000168998 801-81175  
TSA Wealth Management LLC   000149760    
Two West Capital Advisors LLC   000154543 801-76551  
VestGen Advisors, LLC   000118851 801-60889  
Wealthisor DBA NoorVest   000325403    
WealthPlan Partners   000158935 801-72705  
Weinberger Asset Management, Inc   000106176 801-113165  
Werba Rubin Papier Wealth Management, LLC   000139237 801-66794  
WrapManager, Inc.   000108834 801-57629  
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 2,033
Form 13F Information Table Value Total: 12,896,347,055
(round to nearest dollar)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE