Vault-13

EA SERIES TRUST ORR

MILITIA LONG/SHO · ETP · CUSIP 02072Q820

35 institutional holders +2 vs Q1 2026
2,382,1012.4m shares reported held*
$86.6mreported value*
7 new 13 added 12 reduced 5 sold out net sold ≈ $31.5m (-866.6k 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 ≈ $36.35. Options: 2 managers hold calls ($2.6m notional), 1 hold puts ($1.3m).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q1 25: 5Q2 25: 5Q3 25: 9Q4 25: 14Q1 26: 33Q2 26: 3535Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 20255
Q2 20255
Q3 20259
Q4 202514
Q1 202633
Q2 202635

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 2 bought or addedQ2 25: 3 cut or sold outQ2 25Q3 25: 8 bought or addedQ3 25: 0 cut or sold outQ3 25Q4 25: 10 bought or addedQ4 25: 4 cut or sold outQ4 25Q1 26: 27 bought or addedQ1 26: 3 cut or sold outQ1 26Q2 26: 20 bought or addedQ2 26: 17 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q2 202523
Q3 202580
Q4 2025104
Q1 2026273
Q2 20262017

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $987.8kQ1 26 puts: $652.5kQ1 26P/C 0.66Q2 26 calls: $2.6mQ2 26 puts: $1.3mQ2 26P/C 0.49
Numbers
QuarterCallsPutsP/C
Q3 2025$0$0—
Q4 2025$0$0—
Q1 2026$987.8k$652.5k0.66
Q2 2026$2.6m$1.3m0.49

Biggest buyers

Leonard Rickey Investment Advisors P.L.L.C. New +447,133+447.1k
Arkadios Wealth Advisors New +97,784+97.8k
JANE STREET GROUP, LLC Added +61,391+61.4k
GTS SECURITIES LLC Added +34,731+34.7k
Accurate Wealth Management, LLC Added +18,981+19.0k
Andina Capital Management, LLC New +14,068+14.1k
Wealthcare Advisory Partners LLC New +10,417+10.4k
TOWLE & CO New +7,258+7.3k
Schonfeld Strategic Advisors LLC Added +6,000+6.0k
Creative Planning New +5,960+6.0k

Biggest sellers

Militia Capital Management LLC Reduced -868,822-868.8k
FIG FINANCIAL ADVISORY SERVICES INC /ADV Sold out -357,566-357.6k
Quadrature Capital Ltd Reduced -114,977-115.0k
NewEdge Advisors, LLC Reduced -111,109-111.1k
MATHER GROUP, LLC. Sold out -33,526-33.5k
SIMPLEX TRADING, LLC Reduced -31,125-31.1k
Triton Wealth Management, PLLC Reduced -17,030-17.0k
GROUP ONE TRADING LLC Reduced -11,400-11.4k
CITADEL ADVISORS LLC Reduced -8,832-8.8k
SVRN Asset Management, LLC Reduced -7,840-7.8k

Biggest calls

CITADEL ADVISORS LLC Added $1.5m40.5k shares
JANE STREET GROUP, LLC New $1.1m30.7k shares

Biggest puts

CITADEL ADVISORS LLC New $1.3m34.9k shares

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, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Leonard Rickey Investment Advisors P.L.L.C. 2.55% of their portfolio YAKIMA, WA 447,133447.1k $16.2m $16.2m 2.55% New
2 Militia Capital Management LLC 2.65% of their portfolio AUSTIN, TX 404,411404.4k $14.7m $14.7m 2.65% Reduced -868.8k -868,822
3 STAPP WEALTH MANAGEMENT, PLLC 11.95% of their portfolio OLYMPIA, WA 251,732251.7k $9.1m $9.1m 11.95% Added +4.1k +4,147
4 SVRN Asset Management, LLC 4.03% of their portfolio AUSTIN, TX 215,738215.7k $7.8m $7.8m 4.03% Reduced -7.8k -7,840
5 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 164,657164.7k $6.0m $6.0m 0.01% Added +3.4k +3,413
6 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 110,752110.8k $4.0m $4.0m 0.00% Added +61.4k +61,391
7 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 110,473110.5k $4.0m $4.0m 0.00% Reduced -8.8k -8,832
8 Arkadios Wealth Advisors 0.05% of their portfolio ATLANTA, GA 97,78497.8k $3.6m $3.6m 0.05% New
9 World Investment Advisors 0.05% of their portfolio LINCROFT, NJ 81,25981.3k $3.0m $3.0m 0.05% Unchanged
10 GTS SECURITIES LLC 0.05% of their portfolio NEW YORK, NY 63,81763.8k $2.3m $2.3m 0.05% Added +34.7k +34,731
11 NewEdge Advisors, LLC 0.01% of their portfolio NEW ORLEANS, LA 57,57257.6k $2.1m $2.1m 0.01% Reduced -111.1k -111,109
12 Triton Wealth Management, PLLC 0.62% of their portfolio SUN CITY, AZ 55,29755.3k $2.0m $2.0m 0.62% Reduced -17.0k -17,030
13 Accurate Wealth Management, LLC 0.17% of their portfolio WESLEY CHAPEL, FL 48,57348.6k $1.8m $1.8m 0.17% Added +19.0k +18,981
14 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 47,50447.5k $1.7m $1.7m 0.01% Reduced -115.0k -114,977
15 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 31,42131.4k $1.1m $1.1m 0.01% Added +6.0k +6,000
16 Dynamic Advisor Solutions LLC 0.03% of their portfolio PHOENIX, AZ 25,90425.9k $940.8k $940.8k 0.03% Reduced -83 -83
17 GWN SECURITIES INC. 0.11% of their portfolio Palm Beach Gardens, FL 17,92017.9k $650.9k $650.9k 0.11% Reduced -7.3k -7,256
18 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 16,30916.3k $592.0k $592.0k 0.00% Added +2.1k +2,103
19 SHP Wealth Management 0.04% of their portfolio PLYMOUTH, MA 15,69415.7k $570.0k $570.0k 0.04% Added +3.2k +3,243
20 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 14,23714.2k $517.1k $517.1k 0.01% Reduced -11.4k -11,400
21 Andina Capital Management, LLC 0.84% of their portfolio LOGAN, UT 14,06814.1k $510.9k $510.9k 0.84% New
22 Aspen Wealth Strategies, LLC 0.21% of their portfolio ARVADA, CO 11,74311.7k $426.5k $426.5k 0.21% Added +25 +25
23 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 10,46710.5k $380.2k $380.2k 0.00% Reduced -5.6k -5,636
24 Wealthcare Advisory Partners LLC 0.01% of their portfolio WEST CHESTER, PA 10,41710.4k $378.3k $378.3k 0.01% New
25 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 9,1299.1k $331.6k $331.6k 0.01% Added +125 +125
26 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 8,7128.7k $316.4k $316.4k 0.00% Added +2.9k +2,935
27 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 7,7677.8k $282.1k $282.1k 0.01% Reduced -31.1k -31,125
28 TOWLE & CO 0.09% of their portfolio DENVER, CO 7,2587.3k $263.6k $263.6k 0.09% New
29 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 6,8406.8k $248.4k $248.4k 0.00% Added +2.3k +2,340
30 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 5,9606.0k $216.5k $216.5k 0.00% New
31 RPS ADVISORY SOLUTIONS LLC 0.14% of their portfolio LOUISVILLE, KY 5,8815.9k $213.6k $213.6k 0.14% Reduced -1.7k -1,701
32 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 2,9573.0k $107.0k $107.0k 0.00% Added +1.4k +1,357
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,5001.5k $54.5k $54.5k 0.00% Unchanged
34 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 1,2141.2k $44.1k $44.1k 0.00% Unchanged
35 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 11 $36 $36 0.00% New