MANAGER DIRECTED PORTFOLIOS

Ticker: VGSR CUSIP: 56170L695 Class: VERT GLB SUST RE

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

InstitutionSharesValue ($000)
Abacus Wealth Partners, LLC12,412,287$129,099
Focus Partners Wealth3,659,666$38,061
BRIGHTON JONES LLC3,578,397$37,215
First Pacific Financial1,486,334$15,458
FMR LLC1,364,840$14,194
Forum Financial Management, LP1,310,370$13,628
PFG Investments, LLC911,440$9,479
NATURAL INVESTMENTS, LLC715,779$7
MISSION WEALTH MANAGEMENT, LP638,212$6,637
Colorado Capital Management, Inc.559,209$6
WCG Wealth Advisors LLC533,474$5,548
SOA Wealth Advisors, LLC.523,318$5,443
North Berkeley Wealth Management, LLC471,942$4,908
Savant Capital, LLC453,084$4,712
Sand Hill Global Advisors, LLC397,966$4,139
MASECO LLP382,176$3,967
LongView Asset Management LLC347,874$3,618
HighTower Advisors, LLC347,861$3,618
Envestnet Portfolio Solutions, Inc.333,635$3,470
Koss-Olinger Consulting, LLC255,814$2,660
Balanced Rock Investment Advisors LLC254,973$2,652
Beacon Pointe Advisors, LLC245,741$2,556
RED LIGHTHOUSE INVESTMENT MANAGEMENT, LLC227,522$2,366
Allodium Investment Consultants, LLC214,754$2,233
Perigon Wealth Management, LLC212,655$2,212
Meritas Wealth Management, LLC204,076$2,122
Prime Capital Investment Advisors, LLC178,622$1,858
NORTHERN TRUST CORP155,612$1,618
US BANCORP \DE\116,256$1,209
Buckingham Strategic Partners115,820$1,205
Betterment LLC113,725$1
Level Financial Advisors, Inc.105,452$1,097
Silver Oak Advisory Group, Inc.96,724$1
Mason & Associates Inc92,303$960
Dynamic Advisor Solutions LLC88,206$917
GTS SECURITIES LLC88,145$917
Index Fund Advisors, Inc.84,420$878
Pine Haven Investment Counsel, Inc70,357$732
Modera Wealth Management, LLC63,083$656
OSAIC HOLDINGS, INC.53,033$552
Ariadne Wealth Management, LP46,017$511
D.A. DAVIDSON & CO.43,260$450
AQR CAPITAL MANAGEMENT LLC40,584$422
Private Wealth Management Group, LLC39,433$410
COMMONWEALTH EQUITY SERVICES, LLC37,491$390
Aegis Wealth Management LLC37,111$386
NWAM LLC36,835$383
Modern Wealth Management, LLC35,410$368
Apella Capital, LLC34,563$359
Equitable Holdings, Inc.32,494$338
Wheels Up Wealth, Inc.25,746$268
Powerhouse Assets LLC25,575$266
Corient Private Wealth LLC24,944$259
MB Generational Wealth, LLC24,250$252
TRILLIUM ASSET MANAGEMENT, LLC23,566$245
Cetera Investment Advisers19,423$202
BetterWealth, LLC19,059$198
LPL Financial LLC17,755$185
MORRIS FINANCIAL CONCEPTS, INC.16,711$174
JDH Wealth Management, LLC16,432$171
JANE STREET GROUP, LLC15,754$164
Ethic Inc.15,282$159
AdvisorNet Financial, Inc15,209$158
Fund Evaluation Group, LLC14,204$148
Kestra Advisory Services, LLC12,720$132
Caprock Group, LLC11,104$115
AXXCESS WEALTH MANAGEMENT, LLC10,411$108
MAI Capital Management9,209$96
Greykasell Wealth Strategies, Inc.7,175$75
Aspect Partners, LLC6,794$71
MORGAN STANLEY6,789$71
CoreFirst Bank & Trust3,351$35
SJS Investment Consulting Inc.2,123$22
BRIDGE GENERATIONS WEALTH MANAGEMENT LLC1,554$16
Financial Connections Group, Inc.1,427$0
Millstone Evans Group, LLC1,408$15
Bank of New Hampshire1,155$12
Parallel Advisors, LLC953$10
BELLEVUE ASSET MANAGEMENT, LLC885$9
COMERICA BANK773$8
Orion Capital Management LLC568$6
Spire Wealth Management359$4
Clarity Asset Management, Inc.286$3
Clean Yield Group148$2
Allworth Financial LP2$0
Total (85 institutions)34,201,459$340,283