Vault-13

EA SERIES TRUST QVAL

US QUAN VALUE · ETP · CUSIP 02072L102

62 institutional holders +2 vs Q2 2025
5,382,8285.4m shares reported held*
$245.6mreported value*
8 new 24 added 19 reduced 4 sold out net bought ≈ $7.4m (+276.9k 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 ($310.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $45.63. Options: 1 managers hold calls ($28.0k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 35Q4 22: 40Q1 23: 40Q2 23: 43Q3 23: 45Q4 23: 55Q1 24: 56Q2 24: 61Q3 24: 67Q4 24: 65Q1 25: 61Q2 25: 60Q3 25: 6262Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202235
Q4 202240
Q1 202340
Q2 202343
Q3 202345
Q4 202355
Q1 202456
Q2 202461
Q3 202467
Q4 202465
Q1 202561
Q2 202560
Q3 202562

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 23: 25 bought or addedQ4 23: 17 cut or sold outQ1 24: 33 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 31 bought or addedQ2 24: 23 cut or sold outQ3 24: 41 bought or addedQ3 24: 18 cut or sold outQ3 24Q4 24: 39 bought or addedQ4 24: 20 cut or sold outQ1 25: 35 bought or addedQ1 25: 22 cut or sold outQ1 25Q2 25: 28 bought or addedQ2 25: 26 cut or sold outQ3 25: 32 bought or addedQ3 25: 23 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232517
Q1 20243317
Q2 20243123
Q3 20244118
Q4 20243920
Q1 20253522
Q2 20252826
Q3 20253223

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$25k$50k$75k$100kQ4 24 calls: $8.0kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $83.0kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $64.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $28.0kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$8.0k$00.00
Q1 2025$83.0k$00.00
Q2 2025$64.0k$00.00
Q3 2025$28.0k$00.00

Biggest buyers

NATURAL INVESTMENTS, LLC New +283,777+283.8k
BWM Planning, LLC Added +30,816+30.8k
One Degree Advisors Inc Added +23,386+23.4k
Strid Group, LLC Added +23,187+23.2k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +20,226+20.2k
Ethos Financial Group, LLC Added +17,365+17.4k
Independent Advisor Alliance New +9,550+9.6k
CENTAURUS FINANCIAL, INC. Added +8,336+8.3k
Valley Financial Group, Inc. Added +8,289+8.3k
JANE STREET GROUP, LLC New +4,823+4.8k

Biggest sellers

ROYAL BANK OF CANADA Reduced -113,299-113.3k
Financial Advocates Investment Management Sold out -18,224-18.2k
CWM, LLC Reduced -10,389-10.4k
Empirical Finance, LLC Reduced -6,371-6.4k
UBS Group AG Sold out -5,700-5.7k
Breakwater Capital Group Reduced -5,678-5.7k
OSAIC HOLDINGS, INC. Reduced -5,583-5.6k
Cambridge Investment Research Advisors, Inc. Sold out -4,955-5.0k
Almanack Investment Partners, LLC. Reduced -4,724-4.7k
Lifeworks Advisors, LLC Reduced -3,981-4.0k

Biggest calls

SIMPLEX TRADING, LLC Unchanged $28.0k1.7k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Strid Group, LLC 9.01% of their portfolio NEWTOWN SQUARE, PA 1,519,7651.5m $70.9m $70.9m 9.01% Added +23.2k +23,187
2 Empirical Finance, LLC 0.95% of their portfolio NEWTOWN SQUARE, PA 428,678428.7k $20.0m $20.0m 0.95% Reduced -6.4k -6,371
3 BWM Planning, LLC 3.95% of their portfolio THE WOODLANDS, TX 284,542284.5k $13.3m $13.3m 3.95% Added +30.8k +30,816
4 NATURAL INVESTMENTS, LLC 1.92% of their portfolio WINDSOR, CA 283,777283.8k $7.7m $7.7m 1.92% New
5 Ethos Financial Group, LLC 0.96% of their portfolio KING OF PRUSSIA, PA 263,062263.1k $12.3m $12.3m 0.96% Added +17.4k +17,365
6 Stokes Family Office, LLC 1.06% of their portfolio NEW ORLEANS, LA 238,967239.0k $11.1m $11.1m 1.06% Reduced -3.1k -3,074
7 Valley Financial Group, Inc. 6.05% of their portfolio AMBLER, PA 228,646228.6k $10.7m $10.7m 6.05% Added +8.3k +8,289
8 CWM, LLC 0.03% of their portfolio OMAHA, NE 219,709219.7k $10.2m $10.2m 0.03% Reduced -10.4k -10,389
9 Waverly Advisors, LLC 0.10% of their portfolio BIRMINGHAM, AL 211,013211.0k $9.8m $9.8m 0.10% Reduced -2.2k -2,209
10 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 177,929177.9k $8.3m $8.3m 0.00% Reduced -1.4k -1,350
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 159,508159.5k $7.4m $7.4m 0.00% Added +20.2k +20,226
12 One Degree Advisors Inc 2.25% of their portfolio SAN DIEGO, CA 157,197157.2k $7.3m $7.3m 2.25% Added +23.4k +23,386
13 Kathmere Capital Management, LLC 0.49% of their portfolio WAYNE, PA 146,765146.8k $6.8m $6.8m 0.49% Added +2.9k +2,871
14 Well Done, LLC 1.04% of their portfolio HOLLAND, MI 130,752130.8k $6.1m $6.1m 1.04% Reduced -1.4k -1,387
15 Stratos Wealth Advisors, LLC 0.26% of their portfolio BEACHWOOD, OH 114,564114.6k $5.3m $5.3m 0.26% Added +3.3k +3,283
16 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 107,393107.4k $5.0m $5.0m 0.00% Reduced -113.3k -113,299
17 Kathleen S. Wright Associates Inc. 1.82% of their portfolio PITTSBURGH, PA 105,374105.4k $4.9m $4.9m 1.82% Reduced -957 -957
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 78,38378.4k $3.7m $3.7m 0.00% Added +2.1k +2,096
19 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.61% of their portfolio JUPITER, FL 71,22171.2k $3.3m $3.3m 1.61% Added +2.5k +2,469
20 Vestment Financial LLC 1.81% of their portfolio CHANHASSEN, MN 67,16967.2k $3.2m $3.2m 1.81% Added +1.4k +1,427
21 QUARRY HILL ADVISORS, LLC 1.28% of their portfolio ST PAUL, MN 53,40453.4k $2.5m $2.5m 1.28% Reduced -201 -201
22 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 51,36551.4k $2.4m $2.4m 0.02% Added +338 +338
23 Warren Street Wealth Advisors, LLC 0.36% of their portfolio IRVINE, CA 25,62425.6k $1.2m $1.2m 0.36% Added +3.9k +3,923
24 BAKER BOYER NATIONAL BANK 0.39% of their portfolio WALLA WALLA, WA 25,07025.1k $1.2m $1.2m 0.39% Added +899 +899
25 Meredith Wealth Planning 0.36% of their portfolio MARYVILLE, IL 24,57024.6k $1.1m $1.1m 0.36% Reduced -3.2k -3,241
26 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 22,26822.3k $1.0m $1.0m 0.01% Added +4.2k +4,223
27 L.K. Benson & Company, P.C. 0.56% of their portfolio TIMONIUM, MD 22,22022.2k $1.0m $1.0m 0.56% Added +2.1k +2,102
28 XY Planning Network, Inc. 0.32% of their portfolio BOZEMAN, MT 21,62721.6k $951.8k $951.8k 0.32% Unchanged
29 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 15,46915.5k $721.7k $721.7k 0.00% Added +63 +63
30 CENTAURUS FINANCIAL, INC. 0.02% of their portfolio ANAHEIM, CA 10,87810.9k $507.0k $507.0k 0.02% Added +8.3k +8,336
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 9,7279.7k $453.8k $453.8k 0.00% Added +4.0k +4,046
32 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 9,5509.6k $445.5k $445.5k 0.01% New
33 Aspect Partners, LLC 0.17% of their portfolio FAIRFAX, VA 8,0778.1k $376.8k $376.8k 0.17% Unchanged
34 Lifeworks Advisors, LLC 0.05% of their portfolio GRAND RAPIDS, MI 8,0168.0k $373.9k $373.9k 0.05% Reduced -4.0k -3,981
35 LBMC INVESTMENT ADVISORS, LLC 0.02% of their portfolio BRENTWOOD, TN 8,0008.0k $373.2k $373.2k 0.02% Unchanged
36 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 7,5827.6k $353.7k $353.7k 0.00% Reduced -280 -280
37 Breakwater Capital Group 0.05% of their portfolio PARAMUS, NJ 7,0437.0k $328.6k $328.6k 0.05% Reduced -5.7k -5,678
38 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 6,9406.9k $323.8k $323.8k 0.00% Reduced -22 -22
39 Almanack Investment Partners, LLC. 0.05% of their portfolio WAYNE, PA 6,4466.4k $300.7k $300.7k 0.05% Reduced -4.7k -4,724
40 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 6,2976.3k $293.8k $293.8k 0.00% Added +1.0k +1,025
41 Innova Wealth Partners 0.14% of their portfolio NEWTOWN, PA 5,5835.6k $260.4k $260.4k 0.14% Added +116 +116
42 LEAVELL INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MOBILE, AL 5,0575.1k $235.9k $235.9k 0.01% Added +62 +62
43 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 4,8234.8k $225.0k $225.0k 0.00% New
44 GWN SECURITIES INC. 0.05% of their portfolio Palm Beach Gardens, FL 4,6154.6k $215.6k $215.6k 0.05% Reduced -2.3k -2,336
45 Moisand Fitzgerald Tamayo, LLC 0.02% of their portfolio ORLANDO, FL 4,4304.4k $206.7k $206.7k 0.02% Reduced -70 -70
46 Mill Creek Capital Advisors, LLC 0.00% of their portfolio Conshohocken, PA 4,3134.3k $201.2k $201.2k 0.00% New
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,1564.2k $193.9k $193.9k 0.00% Added +4.2k +4,156
48 JPL Wealth Management, LLC 0.04% of their portfolio GREENWOOD VILLAGE, CO 3,8833.9k $181.1k $181.1k 0.04% New
49 SRH ADVISORS, LLC 0.03% of their portfolio SALINA, KS 2,4002.4k $112.0k $112.0k 0.03% Unchanged
50 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,5001.5k $70.0k $70.0k 0.00% Unchanged
51 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 1,0801.1k $50.4k $50.4k 0.01% Unchanged
52 American Capital Advisory, LLC 0.02% of their portfolio KETCHUM, ID 905905 $42.2k $42.2k 0.02% Unchanged
53 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 663663 $30.9k $30.9k 0.00% Added +3 +3
54 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 601601 $27.3k $27.3k 0.00% Reduced -5.6k -5,583
55 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 555555 $25.9k $25.9k 0.00% New
56 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 200200 $9.3k $9.3k 0.00% Unchanged
57 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 100100 $4.7k $4.7k 0.00% Unchanged
58 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2222 $1.0k $1.0k 0.00% Reduced -135 -135
59 AE Wealth Management LLC 0.00% of their portfolio TOPEKA, KS 33 $140 $140 0.00% Unchanged
60 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $37 $37 0.00% Unchanged
61 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 11 $47 $47 0.00% New
62 MANNING & NAPIER ADVISORS LLC 0.00% of their portfolio Fairport, NY 00 $9 $9 0.00% New