MANAGER DIRECTED PORTFOLIOS

Ticker: TOAK CUSIP: 56170L661 Class: TWIN OAK SHORT

EXCHANGE TRADED CONCEPTS, LLC's Holding History (CIK: 0001457320)

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

Q4 2025
Shares 340,000 Value ($000) $9,653 Avg Close — Range —