Vault-13

MANAGED PORTFOLIO SERIES

TORTOISE NRAM PI · CUSIP 56167N720

6 institutional holders -126 vs Q1 2025
431,015431.0k shares reported held*
$15.5mreported value*
0 new 1 added 4 reduced 123 sold out net sold ≈ $524.8m (-14.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $35.89.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 88Q4 22: 98Q1 23: 97Q2 23: 93Q3 23: 95Q4 23: 105Q1 24: 100Q2 24: 108Q3 24: 112Q4 24: 118Q1 25: 132Q2 25: 66Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202288
Q4 202298
Q1 202397
Q2 202393
Q3 202395
Q4 2023105
Q1 2024100
Q2 2024108
Q3 2024112
Q4 2024118
Q1 2025132
Q2 20256

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 40 bought or addedQ3 23: 41 cut or sold outQ4 23: 33 bought or addedQ4 23: 45 cut or sold outQ4 23Q1 24: 49 bought or addedQ1 24: 44 cut or sold outQ2 24: 39 bought or addedQ2 24: 45 cut or sold outQ2 24Q3 24: 44 bought or addedQ3 24: 50 cut or sold outQ4 24: 43 bought or addedQ4 24: 55 cut or sold outQ4 24Q1 25: 70 bought or addedQ1 25: 48 cut or sold outQ2 25: 1 bought or addedQ2 25: 127 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20234041
Q4 20233345
Q1 20244944
Q2 20243945
Q3 20244450
Q4 20244355
Q1 20257048
Q2 20251127

Biggest buyers

Palisades Hudson Asset Management, L.P. Added +69+69

Biggest sellers

MORGAN STANLEY Sold out -2,992,290-3.0m
BANK OF AMERICA CORP /DE/ Sold out -1,360,834-1.4m
Arvest Bank Trust Division Sold out -1,262,180-1.3m
Magnus Financial Group LLC Sold out -849,398-849.4k
TRAPHAGEN INVESTMENT ADVISORS LLC Sold out -692,171-692.2k
ATWOOD & PALMER INC Sold out -656,996-657.0k
FOSTER & MOTLEY INC Sold out -649,290-649.3k
ARVEST INVESTMENTS, INC. Sold out -421,932-421.9k
WELLS FARGO & COMPANY/MN Sold out -393,565-393.6k
UBS Group AG Sold out -393,060-393.1k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Mariner, LLC 0.01% of their portfolio Overland Park, KS 199,175199.2k $7.1m $7.1m 0.01% Reduced -13.0k -12,998
2 Ocean Park Asset Management, LLC 0.14% of their portfolio SANTA MONICA, CA 107,700107.7k $3.9m $3.9m 0.14% Unchanged
3 Smith & Howard Wealth Management, LLC 0.96% of their portfolio ATLANTA, GA 105,829105.8k $3.8m $3.8m 0.96% Reduced -1.7k -1,710
4 HOWARD FINANCIAL SERVICES, LTD. 0.05% of their portfolio DALLAS, TX 10,72610.7k $383.2k $383.2k 0.05% Reduced -291 -291
5 Palisades Hudson Asset Management, L.P. 0.10% of their portfolio FORT LAUDERDALE, FL 7,2527.3k $259.0k $259.0k 0.10% Added +69 +69
6 Geneos Wealth Management Inc. 0.00% of their portfolio ENGLEWOOD, CO 333333 $11.9k $11.9k 0.00% Reduced -52.6k -52,635