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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Modine Manufacturing Co</name>
        <lei>Z35SZFYJR8GZZRSIUU09</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oceaneering International Inc</name>
        <lei>549300L6PH74701W0R30</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>V2X Inc</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Cadre Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Americold Realty Trust Inc</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>ACI Worldwide Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Centuri Holdings Inc</name>
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          <ticker value="CTRI"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Dorman Products Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Encompass Health Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Maximus Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Paycom Software Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>YETI Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Assured Guaranty Ltd</name>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Euronet Worldwide Inc</name>
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          <ticker value="EEFT"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>First American Financial Corp</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grand Canyon Education Inc</name>
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        <title>Grand Canyon Education Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Installed Building Products In</name>
        <lei>549300I95Y9P9YM5FI86</lei>
        <title>Installed Building Products Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>International Bancshares Corp</name>
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        <title>International Bancshares Corp</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>White Mountains Insurance Grou</name>
        <lei>549300N3FL068JERBG02</lei>
        <title>White Mountains Insurance Group Ltd</title>
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          <isin value="BMG9618E1075"/>
          <ticker value="WTM"/>
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        <balance>7300.000000000000</balance>
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        <valUSD>15344673.000000000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-10-22</ncom:dateSigned>
      <ncom:nameOfApplicant>Managed Portfolio Series</ncom:nameOfApplicant>
      <ncom:signature>/s/ Aaron Johanson</ncom:signature>
      <ncom:signerName>Managed Portfolio Series</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
