ALPHA ARCHITECT ETF TR

Ticker: AAVM CUSIP: 02072L508 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

GWN SECURITIES INC.

Value ($000) $286 Shares 9,690

AlphaCore Capital LLC

Value ($000) $37 Shares 1,241

Institution	Shares	Value ($000)
GWN SECURITIES INC.	9,690	$286
AlphaCore Capital LLC	1,241	$37

Increased Positions (1)

Value ($000) $0 (+64.3%) Shares 2 (+100.0%)

Institution	Prev Shares	Curr Shares	Change
MORGAN STANLEY	1	2	+1 (+100.0%)

Decreased Positions (3)

Valley Financial Group, Inc.

Value ($000) $394 (-37.5%) Shares 13,359 (-39.2%)

Lifeworks Advisors, LLC

Value ($000) $787 (-52.0%) Shares 26,665 (-53.3%)

ROYAL BANK OF CANADA

Value ($000) $252 (-53.4%) Shares 8,520 (-54.8%)

Institution	Prev Shares	Curr Shares	Change
Valley Financial Group, Inc.	21,959	13,359	-8,600 (-39.2%)
Lifeworks Advisors, LLC	57,059	26,665	-30,394 (-53.3%)
ROYAL BANK OF CANADA	18,830	8,520	-10,310 (-54.8%)

Exited Positions (5)

Empirical Finance, LLC

Value ($000) $7,813 Shares 271,706

Vivaldi Capital Management LP

Value ($000) $225 Shares 7,820

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $348 Shares 12,090

Value ($000) $17 Shares 585

North Star Investment Management Corp.

Value ($000) $4 Shares 123

Institution	Prev Shares	Prev Value ($000)
Empirical Finance, LLC	271,706	$7,813
Vivaldi Capital Management LP	7,820	$225
SUSQUEHANNA INTERNATIONAL GROUP, LLP	12,090	$348
UBS Group AG	585	$17
North Star Investment Management Corp.	123	$4