Vault-13

EA SERIES TRUST BBLU

BRIDGEWAY BLUE · ETP · CUSIP 02072L714

68 institutional holders +6 vs Q3 2025
8,463,7538.5m shares reported held*
$129.2mreported value*
13 new 24 added 16 reduced 8 sold out net bought ≈ $33.2m (+2.2m 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. Holder counts are more reliable. Implied quarter-end price ≈ $15.26.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 1Q4 22: 43Q1 23: 35Q2 23: 35Q3 23: 39Q4 23: 36Q1 24: 41Q2 24: 41Q3 24: 48Q4 24: 53Q1 25: 56Q2 25: 59Q3 25: 62Q4 25: 6868Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 20221
Q4 202243
Q1 202335
Q2 202335
Q3 202339
Q4 202336
Q1 202441
Q2 202441
Q3 202448
Q4 202453
Q1 202556
Q2 202559
Q3 202562
Q4 202568

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 19 bought or addedQ1 24: 16 cut or sold outQ2 24: 16 bought or addedQ2 24: 14 cut or sold outQ2 24Q3 24: 20 bought or addedQ3 24: 13 cut or sold outQ4 24: 29 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 18 cut or sold outQ2 25: 25 bought or addedQ2 25: 27 cut or sold outQ2 25Q3 25: 34 bought or addedQ3 25: 19 cut or sold outQ4 25: 37 bought or addedQ4 25: 24 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241916
Q2 20241614
Q3 20242013
Q4 20242915
Q1 20252218
Q2 20252527
Q3 20253419
Q4 20253724

Biggest buyers

Annex Advisory Services, LLC New +1,443,393+1.4m
Cetera Investment Advisers Added +288,146+288.1k
D.A. DAVIDSON & CO. Added +181,775+181.8k
ROYAL BANK OF CANADA Added +149,689+149.7k
RAYMOND JAMES FINANCIAL INC Added +136,028+136.0k
OSAIC HOLDINGS, INC. Added +59,252+59.3k
LPL Financial LLC Added +51,911+51.9k
ENVESTNET ASSET MANAGEMENT INC Added +49,806+49.8k
SMITH SHELLNUT WILSON LLC /ADV New +42,207+42.2k
MML INVESTORS SERVICES, LLC Added +38,239+38.2k

Biggest sellers

Kestra Advisory Services, LLC Reduced -114,680-114.7k
Dynamic Advisor Solutions LLC Reduced -44,430-44.4k
JANE STREET GROUP, LLC Sold out -43,317-43.3k
JPMORGAN CHASE & CO Reduced -36,195-36.2k
Claro Advisors Inc. Reduced -28,791-28.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -24,992-25.0k
Allworth Financial LP Reduced -22,140-22.1k
IFP Advisors, Inc Reduced -20,285-20.3k
Cambridge Investment Research Advisors, Inc. Reduced -16,077-16.1k
Farther Finance Advisors, LLC Sold out -12,575-12.6k

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Annex Advisory Services, LLC 0.42% of their portfolio BROOKFIELD, WI 1,443,3931.4m $22.0m $22.0m 0.42% New
2 Cetera Investment Advisers 0.02% of their portfolio SCHAUMBURG, IL 1,194,8961.2m $18.2m $18.2m 0.02% Added +288.1k +288,146
3 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 1,007,4691.0m $15.4m $15.4m 0.00% Added +136.0k +136,028
4 COMMONWEALTH EQUITY SERVICES, LLC 0.01% of their portfolio WALTHAM, MA 546,773546.8k $8.3m $8.3m 0.01% Added +11.4k +11,391
5 Oxford Wealth Group, LLC 3.86% of their portfolio ORLANDO, FL 520,404520.4k $7.9m $7.9m 3.86% First filing
6 OSAIC HOLDINGS, INC. 0.01% of their portfolio SCOTTSDALE, AZ 424,955425.0k $6.5m $6.5m 0.01% Added +59.3k +59,252
7 Allworth Financial LP 0.02% of their portfolio FOLSOM, CA 377,484377.5k $5.8m $5.8m 0.02% Reduced -22.1k -22,140
8 Cambridge Investment Research Advisors, Inc. 0.01% of their portfolio FAIRFIELD, IA 361,694361.7k $5.5m $5.5m 0.01% Reduced -16.1k -16,077
9 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 294,468294.5k $4.5m $4.5m 0.00% Added +51.9k +51,911
10 D.A. DAVIDSON & CO. 0.02% of their portfolio GREAT FALLS, MT 243,788243.8k $3.7m $3.7m 0.02% Added +181.8k +181,775
11 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 166,971167.0k $2.5m $2.5m 0.00% Added +149.7k +149,689
12 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 157,404157.4k $2.4m $2.4m 0.00% Added +49.8k +49,806
13 MML INVESTORS SERVICES, LLC 0.01% of their portfolio SPRINGFIELD, MA 135,780135.8k $2.1m $2.1m 0.01% Added +38.2k +38,239
14 Concurrent Investment Advisors, LLC 0.02% of their portfolio Tampa, FL 127,808127.8k $2.0m $2.0m 0.02% Added +9.0k +9,042
15 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 127,234127.2k $1.9m $1.9m 0.01% Reduced -114.7k -114,680
16 Arete Wealth Advisors, LLC 0.11% of their portfolio CHICAGO, IL 99,66899.7k $1.5m $1.5m 0.11% Added +6.6k +6,645
17 Geneos Wealth Management Inc. 0.03% of their portfolio ENGLEWOOD, CO 85,28485.3k $1.3m $1.3m 0.03% Reduced -2.4k -2,387
18 Lifetime Wealth Management P.C. 0.79% of their portfolio ROCKWALL, TX 82,72282.7k $1.3m $1.3m 0.79% First filing
19 Dynamic Advisor Solutions LLC 0.04% of their portfolio PHOENIX, AZ 75,92575.9k $1.2m $1.2m 0.04% Reduced -44.4k -44,430
20 THOROUGHBRED FINANCIAL SERVICES, LLC 0.06% of their portfolio BRENTWOOD, TN 66,15366.2k $1.0m $1.0m 0.06% Added +5.2k +5,173
21 MAGNOLIA CAPITAL ADVISORS LLC 0.20% of their portfolio RIDGELAND, MS 63,37263.4k $967.1k $967.1k 0.20% Added +3.1k +3,121
22 GWN SECURITIES INC. 0.19% of their portfolio Palm Beach Gardens, FL 62,26162.3k $950.1k $950.1k 0.19% Added +7.9k +7,881
23 WEDBUSH SECURITIES INC 0.03% of their portfolio PASADENA, CA 62,25562.3k $950.0k $950.0k 0.03% Reduced -7.9k -7,905
24 Ameritas Advisory Services, LLC 0.03% of their portfolio Lincoln, NE 56,62056.6k $864.0k $864.0k 0.03% Added +30.9k +30,866
25 American Trust 0.06% of their portfolio LEXINGTON, KY 47,52747.5k $725.3k $725.3k 0.06% Added +3.8k +3,844
26 MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio DENVER, CO 46,13046.1k $704.0k $704.0k 0.00% Added +1.2k +1,155
27 SMITH SHELLNUT WILSON LLC /ADV 0.25% of their portfolio Ridgeland, MS 42,20742.2k $644.1k $644.1k 0.25% New
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 40,88540.9k $623.9k $623.9k 0.00% Reduced -36.2k -36,195
29 Bravias Capital Group, LLC 0.37% of their portfolio ISELIN, NJ 40,59940.6k $619.5k $619.5k 0.37% Added +1.6k +1,644
30 PRINCIPAL SECURITIES, INC. 0.01% of their portfolio DES MOINES, IA 38,67638.7k $590.2k $590.2k 0.01% Added +301 +301
31 PARK AVENUE SECURITIES LLC 0.00% of their portfolio NEW YORK, NY 38,56838.6k $589.0k $589.0k 0.00% Reduced -5.2k -5,170
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 38,18838.2k $583.0k $583.0k 0.00% Reduced -9.0k -9,035
33 KANE INVESTMENT MANAGEMENT, INC. 0.28% of their portfolio LOS GATOS, CA 37,56137.6k $573.2k $573.2k 0.28% Added +3.6k +3,615
34 Mutual Advisors, LLC 0.01% of their portfolio OMAHA, NE 27,49627.5k $419.6k $419.6k 0.01% Reduced -314 -314
35 Ethos Financial Group, LLC 0.03% of their portfolio KING OF PRUSSIA, PA 24,00024.0k $366.2k $366.2k 0.03% Unchanged
36 Modera Wealth Management, LLC 0.00% of their portfolio WESTWOOD, NJ 19,54619.5k $298.3k $298.3k 0.00% Unchanged
37 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 19,44819.4k $296.8k $296.8k 0.00% Unchanged
38 Accel Wealth Management 0.07% of their portfolio WAVERLY, IA 17,49017.5k $266.9k $266.9k 0.07% Reduced -3.1k -3,085
39 Main Street Group, LTD 0.09% of their portfolio GLEN ALLEN, VA 16,79016.8k $256.2k $256.2k 0.09% Added +6.7k +6,715
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,34916.3k $249.5k $249.5k 0.00% Reduced -667 -667
41 Prospera Financial Services Inc 0.00% of their portfolio Dallas, TX 16,03716.0k $244.7k $244.7k 0.00% New
42 Midwest Trust Co 0.00% of their portfolio Overland Park, KS 14,18514.2k $216.5k $216.5k 0.00% Unchanged
43 Ausdal Financial Partners, Inc. 0.01% of their portfolio Davenport, IA 14,13114.1k $215.6k $215.6k 0.01% Added +100 +100
44 Redwood Financial Network Corp 0.14% of their portfolio SOLON, OH 13,99314.0k $213.5k $213.5k 0.14% New
45 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 12,75412.8k $194.6k $194.6k 0.00% Reduced -1.5k -1,501
46 NFSG Corp 0.03% of their portfolio BOCA RATON, FL 11,98712.0k $182.9k $182.9k 0.03% New
47 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 11,55011.6k $176.2k $176.2k 0.00% Added +660 +660
48 Focus Partners Advisor Solutions, LLC 0.00% of their portfolio SAINT LOUIS, MO 10,94210.9k $167.0k $167.0k 0.00% New
49 Claro Advisors Inc. 0.02% of their portfolio BOSTON, MA 10,71210.7k $163.5k $163.5k 0.02% Reduced -28.8k -28,791
50 NORTHWEST WEALTH MANAGEMENT, LLC 0.03% of their portfolio SPENCER, IA 10,58210.6k $161.5k $161.5k 0.03% Reduced -3.8k -3,827
51 Essex Financial Services, Inc. 0.01% of their portfolio ESSEX, CT 10,52710.5k $160.6k $160.6k 0.01% Unchanged
52 FLAGSHIP HARBOR ADVISORS, LLC 0.01% of their portfolio BOSTON, MA 10,52310.5k $160.6k $160.6k 0.01% Unchanged
53 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,1325.1k $78.3k $78.3k 0.00% Unchanged
54 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 3,9243.9k $59.9k $59.9k 0.00% Unchanged
55 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 3,6753.7k $56.1k $56.1k 0.00% Reduced -20.3k -20,285
56 Kohmann Bosshard Financial Services, LLC 0.00% of their portfolio FAIRLAWN, OH 2,8942.9k $44.2k $44.2k 0.00% New
57 FMR LLC 0.00% of their portfolio BOSTON, MA 2,2012.2k $33.6k $33.6k 0.00% Unchanged
58 Weaver Capital Management LLC 0.00% of their portfolio SUWANEE, GA 900900 $13.7k $13.7k 0.00% Unchanged
59 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 332332 $5.1k $5.1k 0.00% Unchanged
60 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 129129 $2.0k $2.0k 0.00% New
61 Pflug Koory, LLC 0.00% of their portfolio OMAHA, NE 128128 $2.0k $2.0k 0.00% Added +1 +1
62 ASSETMARK, INC 0.00% of their portfolio CONCORD, CA 100100 $1.5k $1.5k 0.00% New
63 SIGNATUREFD, LLC 0.00% of their portfolio ATLANTA, GA 7272 $1.1k $1.1k 0.00% Unchanged
64 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 5151 $773 $773 0.00% New
65 Triumph Capital Management 0.00% of their portfolio DENVER, CO 3434 $519 $519 0.00% New
66 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 1313 $198 $198 0.00% New
67 Copia Wealth Management 0.00% of their portfolio BEND, OR 33 $46 $46 0.00% New
68 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11 $11 $11 0.00% Unchanged