Vault-13

EA SERIES TRUST QVAL

US QUAN VALUE · ETP · CUSIP 02072L102

67 institutional holders +5 vs Q3 2025
6,149,6996.1m shares reported held*
$299.4mreported value*
8 new 28 added 13 reduced 6 sold out net bought ≈ $51.1m (+930.3k 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 ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $48.69.

Trends to Q4 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: 62Q4 25: 6767Q3 22Q2 23Q1 24Q4 24Q4 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
Q4 202567

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q1 24: 33 bought or addedQ1 24: 17 cut or sold outQ2 24: 31 bought or addedQ2 24: 23 cut or sold outQ2 24Q3 24: 41 bought or addedQ3 24: 18 cut or sold outQ4 24: 39 bought or addedQ4 24: 20 cut or sold outQ4 24Q1 25: 35 bought or addedQ1 25: 22 cut or sold outQ2 25: 28 bought or addedQ2 25: 26 cut or sold outQ2 25Q3 25: 32 bought or addedQ3 25: 23 cut or sold outQ4 25: 36 bought or addedQ4 25: 19 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20243317
Q2 20243123
Q3 20244118
Q4 20243920
Q1 20253522
Q2 20252826
Q3 20253223
Q4 20253619

Calls vs puts

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

CallsPuts
$0$25k$50k$75k$100kQ1 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 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$83.0k$00.00
Q2 2025$64.0k$00.00
Q3 2025$28.0k$00.00
Q4 2025$0$0—

Biggest buyers

Empirical Finance, LLC Added +843,243+843.2k
Empowered Funds, LLC New +98,513+98.5k
Valley Financial Group, Inc. Added +90,270+90.3k
JPL Wealth Management, LLC Added +28,596+28.6k
Ethos Financial Group, LLC Added +28,116+28.1k
Strid Group, LLC Added +24,428+24.4k
BWM Planning, LLC Added +17,334+17.3k
One Degree Advisors Inc Added +14,604+14.6k
ROYAL BANK OF CANADA Added +12,113+12.1k
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO Added +12,082+12.1k

Biggest sellers

NATURAL INVESTMENTS, LLC Sold out -283,777-283.8k
Warren Street Wealth Advisors, LLC Reduced -7,324-7.3k
Breakwater Capital Group Sold out -7,043-7.0k
Cetera Investment Advisers Sold out -6,297-6.3k
JANE STREET GROUP, LLC Sold out -4,823-4.8k
Stokes Family Office, LLC Reduced -4,553-4.6k
Waverly Advisors, LLC Reduced -4,171-4.2k
JPMORGAN CHASE & CO Reduced -4,001-4.0k
Well Done, LLC Reduced -2,586-2.6k
Vestment Financial LLC Reduced -1,839-1.8k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Strid Group, LLC 9.38% of their portfolio NEWTOWN SQUARE, PA 1,544,1931.5m $75.3m $75.3m 9.38% Added +24.4k +24,428
2 Empirical Finance, LLC 2.92% of their portfolio NEWTOWN SQUARE, PA 1,271,9211.3m $61.2m $61.2m 2.92% Added +843.2k +843,243
3 Valley Financial Group, Inc. 8.74% of their portfolio AMBLER, PA 318,916318.9k $15.6m $15.6m 8.74% Added +90.3k +90,270
4 BWM Planning, LLC 3.94% of their portfolio THE WOODLANDS, TX 301,876301.9k $14.7m $14.7m 3.94% Added +17.3k +17,334
5 Ethos Financial Group, LLC 1.05% of their portfolio KING OF PRUSSIA, PA 291,178291.2k $14.2m $14.2m 1.05% Added +28.1k +28,116
6 Stokes Family Office, LLC 1.05% of their portfolio NEW ORLEANS, LA 234,414234.4k $11.4m $11.4m 1.05% Reduced -4.6k -4,553
7 CWM, LLC 0.03% of their portfolio OMAHA, NE 225,206225.2k $11.0m $11.0m 0.03% Added +5.5k +5,497
8 Waverly Advisors, LLC 0.08% of their portfolio BIRMINGHAM, AL 206,842206.8k $10.1m $10.1m 0.08% Reduced -4.2k -4,171
9 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 184,092184.1k $9.0m $9.0m 0.00% Added +6.2k +6,163
10 One Degree Advisors Inc 2.30% of their portfolio SAN DIEGO, CA 171,801171.8k $8.4m $8.4m 2.30% Added +14.6k +14,604
11 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.01% of their portfolio MILWAUKEE, WI 171,590171.6k $8.4m $8.4m 0.01% Added +12.1k +12,082
12 Kathmere Capital Management, LLC 0.50% of their portfolio WAYNE, PA 152,079152.1k $7.4m $7.4m 0.50% Added +5.3k +5,314
13 Well Done, LLC 0.93% of their portfolio HOLLAND, MI 128,166128.2k $6.3m $6.3m 0.93% Reduced -2.6k -2,586
14 Stratos Wealth Advisors, LLC 0.29% of their portfolio BEACHWOOD, OH 121,316121.3k $5.9m $5.9m 0.29% Added +6.8k +6,752
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 119,506119.5k $5.8m $5.8m 0.00% Added +12.1k +12,113
16 Empowered Funds, LLC 0.08% of their portfolio NEWTOWN SQUARE, PA 98,51398.5k $4.8m $4.8m 0.08% New
17 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 80,78180.8k $3.9m $3.9m 0.00% Added +2.4k +2,398
18 ONE PLUS ONE WEALTH MANAGEMENT, LLC 1.62% of their portfolio JUPITER, FL 72,15772.2k $3.5m $3.5m 1.62% Added +936 +936
19 Vestment Financial LLC 1.73% of their portfolio CHANHASSEN, MN 65,33065.3k $3.3m $3.3m 1.73% Reduced -1.8k -1,839
20 QUARRY HILL ADVISORS, LLC 1.21% of their portfolio ST PAUL, MN 53,32153.3k $2.6m $2.6m 1.21% Reduced -83 -83
21 OneDigital Investment Advisors LLC 0.02% of their portfolio OVERLAND PARK, KS 51,17751.2k $2.5m $2.5m 0.02% Reduced -188 -188
22 L.K. Benson & Company, P.C. 0.83% of their portfolio TIMONIUM, MD 33,88133.9k $1.7m $1.7m 0.83% Added +11.7k +11,661
23 JPL Wealth Management, LLC 0.39% of their portfolio GREENWOOD VILLAGE, CO 32,47932.5k $1.6m $1.6m 0.39% Added +28.6k +28,596
24 Equitable Holdings, Inc. 0.01% of their portfolio NEW YORK, NY 29,99130.0k $1.5m $1.5m 0.01% Added +7.7k +7,723
25 BAKER BOYER NATIONAL BANK 0.37% of their portfolio WALLA WALLA, WA 25,33125.3k $1.2m $1.2m 0.37% Added +261 +261
26 Meredith Wealth Planning 0.36% of their portfolio MARYVILLE, IL 24,82024.8k $1.2m $1.2m 0.36% Added +250 +250
27 XY Planning Network, Inc. 0.21% of their portfolio BOZEMAN, MT 24,34624.3k $1.2m $1.2m 0.21% Added +2.7k +2,719
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 19,86819.9k $969.5k $969.5k 0.00% Added +10.1k +10,141
29 Warren Street Wealth Advisors, LLC 0.26% of their portfolio IRVINE, CA 18,30018.3k $893.0k $893.0k 0.26% Reduced -7.3k -7,324
30 Redwood Family Wealth LLC 0.86% of their portfolio ADDISON, TX 17,86017.9k $871.5k $871.5k 0.86% First filing
31 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 15,54515.5k $758.5k $758.5k 0.00% Added +76 +76
32 CENTAURUS FINANCIAL, INC. 0.03% of their portfolio ANAHEIM, CA 12,60312.6k $615.0k $615.0k 0.03% Added +1.7k +1,725
33 Sankala Group LLC 0.53% of their portfolio LYONS, CO 12,40612.4k $664.4k $664.4k 0.53% First filing
34 Independent Advisor Alliance 0.01% of their portfolio CHARLOTTE, NC 9,5509.6k $466.0k $466.0k 0.01% Unchanged
35 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 8,0988.1k $395.1k $395.1k 0.00% Added +1.2k +1,158
36 Aspect Partners, LLC 0.17% of their portfolio FAIRFAX, VA 8,0778.1k $394.1k $394.1k 0.17% Unchanged
37 LBMC INVESTMENT ADVISORS, LLC 0.02% of their portfolio BRENTWOOD, TN 8,0008.0k $390.4k $390.4k 0.02% Unchanged
38 Innova Wealth Partners 0.19% of their portfolio NEWTOWN, PA 7,7367.7k $377.5k $377.5k 0.19% Added +2.2k +2,153
39 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 7,2307.2k $352.8k $352.8k 0.00% Reduced -352 -352
40 Roble, Belko & Company, Inc 0.04% of their portfolio SEWICKLEY, PA 6,7256.7k $328.0k $328.0k 0.04% New
41 GWN SECURITIES INC. 0.07% of their portfolio Palm Beach Gardens, FL 6,6426.6k $324.1k $324.1k 0.07% Added +2.0k +2,027
42 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 6,5006.5k $317.2k $317.2k 0.00% New
43 Almanack Investment Partners, LLC. 0.05% of their portfolio WAYNE, PA 6,3546.4k $310.0k $310.0k 0.05% Reduced -92 -92
44 Lifeworks Advisors, LLC 0.04% of their portfolio GRAND RAPIDS, MI 6,3206.3k $308.4k $308.4k 0.04% Reduced -1.7k -1,696
45 Vise Technologies, Inc. 0.01% of their portfolio NEW YORK, NY 6,0166.0k $293.6k $293.6k 0.01% New
46 Foundry Financial LLC 0.13% of their portfolio PASADENA, CA 5,1695.2k $252.2k $252.2k 0.13% First filing
47 QUANTIFY CHAOS ADVISORS, LLC 0.74% of their portfolio BROOKLYN, NY 5,0355.0k $245.7k $245.7k 0.74% First filing
48 LEAVELL INVESTMENT MANAGEMENT, INC. 0.01% of their portfolio MOBILE, AL 4,6194.6k $225.4k $225.4k 0.01% Reduced -438 -438
49 Moisand Fitzgerald Tamayo, LLC 0.02% of their portfolio ORLANDO, FL 4,4304.4k $216.2k $216.2k 0.02% Unchanged
50 Mill Creek Capital Advisors, LLC 0.00% of their portfolio Conshohocken, PA 4,3134.3k $210.5k $210.5k 0.00% Unchanged
51 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 2,5032.5k $122.0k $122.0k 0.00% New
52 SRH ADVISORS, LLC 0.03% of their portfolio SALINA, KS 2,4002.4k $117.1k $117.1k 0.03% Unchanged
53 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 1,6921.7k $82.6k $82.6k 0.00% New
54 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 1,5001.5k $73.2k $73.2k 0.00% Unchanged
55 BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.01% of their portfolio BLUE BELL, PA 1,0801.1k $52.7k $52.7k 0.01% Unchanged
56 American Capital Advisory, LLC 0.02% of their portfolio KETCHUM, ID 905905 $44.2k $44.2k 0.02% Unchanged
57 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 866866 $42.3k $42.3k 0.00% Added +265 +265
58 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 666666 $32.5k $32.5k 0.00% Added +3 +3
59 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 200200 $9.8k $9.8k 0.00% Unchanged
60 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 155155 $7.6k $7.6k 0.00% Reduced -4.0k -4,001
61 Farther Finance Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 100100 $4.9k $4.9k 0.00% Unchanged
62 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7777 $3.8k $3.8k 0.00% Reduced -478 -478
63 CoreFirst Bank & Trust 0.00% of their portfolio TOPEKA, KS 5656 $2.7k $2.7k 0.00% New
64 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 2222 $1.1k $1.1k 0.00% Unchanged
65 UBS Group AG 0.00% of their portfolio ZURICH, V8 2020 $976 $976 0.00% New
66 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $41 $41 0.00% Unchanged
67 MANNING & NAPIER ADVISORS LLC 0.00% of their portfolio Fairport, NY 00 $9 $9 0.00% Unchanged