MANAGED PORTFOLIO SERIES

Ticker: LST CUSIP: 56167R705 Class: LEUTHOLD SELECT

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

SWMG, LLC
Value ($000) $616 Shares 14,336
Sigma Planning Corp
Value ($000) $2,887 Shares 71,901
COMMONWEALTH EQUITY SERVICES, LLC
Value ($000) $1,313 Shares 32,698
Arete Wealth Advisors, LLC
Value ($000) $0 Shares 6,063

Increased Positions (9)

Castleview Partners, LLC
Value ($000) $4,537 (+9.9%) Shares 113,005 (+9.2%)
Bison Wealth, LLC
Value ($000) $8,312 (+22.8%) Shares 210,805 (+22.7%)
Coastal Bridge Advisors, LLC
Value ($000) $2,855 (+35.8%) Shares 71,119 (+34.9%)
GTS SECURITIES LLC
Value ($000) $1,273 (+86.2%) Shares 31,696 (+84.9%)
LPL Financial LLC
Value ($000) $590 (+79.6%) Shares 14,694 (+78.4%)
Ashton Thomas Private Wealth, LLC
Value ($000) $1,367 (+3.8%) Shares 34,052 (+3.2%)
LEUTHOLD GROUP, LLC
Value ($000) $932 (+2.1%) Shares 23,222 (+1.4%)
Cambridge Investment Research Advisors, Inc.
Value ($000) $2 (+548.3%) Shares 52,794 (+544.6%)
ISLAY CAPITAL MANAGEMENT, LLC
Value ($000) $62 (+2.1%) Shares 1,541 (+1.4%)

Decreased Positions (2)

Koshinski Asset Management, Inc.
Value ($000) $283 (-24.5%) Shares 7,043 (-25.0%)
CITADEL ADVISORS LLC
Value ($000) $444 (-28.5%) Shares 11,047 (-29.0%)

Exited Positions (1)

JANE STREET GROUP, LLC
Value ($000) $633 Shares 15,882