Vault-13

EA SERIES TRUST TAX

CAMBRIA TAX AWAR · ETP · CUSIP 02072Q804

13 institutional holders +4 vs Q1 2025
523,883523.9k shares reported held*
$13.6mreported value*
5 new 1 added 2 reduced 1 sold out net bought ≈ $1.7m (+64.7k 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 ($293.9k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.97.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

051015Q4 24: 6Q1 25: 9Q2 25: 1313Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q4 20246
Q1 20259
Q2 202513

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q1 25: 4 bought or addedQ1 25: 1 cut or sold outQ1 25Q2 25: 6 bought or addedQ2 25: 3 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 202541
Q2 202563

Biggest buyers

HighTower Advisors, LLC New +41,319+41.3k
AQR CAPITAL MANAGEMENT LLC New +28,572+28.6k
Cambria Investment Management, L.P. New +11,333+11.3k
Empowered Funds, LLC New +11,333+11.3k
Focus Partners Wealth New +8,000+8.0k
GTS SECURITIES LLC Added +402+402

Biggest sellers

Kesler, Norman & Wride, LLC Reduced -16,035-16.0k
Almanack Investment Partners, LLC. Sold out -11,277-11.3k
Smith Anglin Financial, LLC Reduced -8,933-8.9k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Kesler, Norman & Wride, LLC 1.11% of their portfolio OGDEN, UT 240,846240.8k $6.2m $6.2m 1.11% Reduced -16.0k -16,035
2 Financial Enhancement Group LLC 0.33% of their portfolio ANDERSON, IN 89,50989.5k $2.3m $2.3m 0.33% Unchanged
3 Smith Anglin Financial, LLC 0.12% of their portfolio DALLAS, TX 53,06253.1k $1.4m $1.4m 0.12% Reduced -8.9k -8,933
4 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 41,31941.3k $1.1m $1.1m 0.00% New
5 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 28,57228.6k $741.0k $741.0k 0.00% New
6 GTS SECURITIES LLC 0.02% of their portfolio NEW YORK, NY 16,66316.7k $432.2k $432.2k 0.02% Added +402 +402
7 Farther Finance Advisors, LLC 0.01% of their portfolio SAN FRANCISCO, CA 15,72215.7k $407.7k $407.7k 0.01% Unchanged
8 Seed Wealth Management, Inc. 0.25% of their portfolio EVANSTON, IL 12,85812.9k $333.5k $333.5k 0.25% Unchanged
9 Cambria Investment Management, L.P. 0.02% of their portfolio Manhattan Beach, CA 11,33311.3k $293.9k $293.9k 0.02% New
10 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 11,33311.3k $293.9k $293.9k 0.00% New
11 Focus Partners Wealth 0.00% of their portfolio ST LOUIS, MO 8,0008.0k $207.5k $207.5k 0.00% New
12 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,9996.0k $155.6k $155.6k 0.00% Unchanged
13 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged