EA SERIES TRUST

Ticker: SEMG CUSIP: 02072Q580 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

SCHARF INVESTMENTS, LLC

Value ($000) $405 Shares 14,770

ROYAL BANK OF CANADA

Value ($000) $73 Shares 2,663

Institution	Shares	Value ($000)
SCHARF INVESTMENTS, LLC	14,770	$405
ROYAL BANK OF CANADA	2,663	$73

Increased Positions (4)

Suncoast Equity Management

Value ($000) $3,063 (+22.8%) Shares 111,781 (+20.3%)

GTS SECURITIES LLC

Value ($000) $1,011 (+100.6%) Shares 36,911 (+96.5%)

Ashton Thomas Private Wealth, LLC

Value ($000) $1,125 (+19.9%) Shares 41,057 (+17.5%)

Value ($000) $13 (+123.0%) Shares 461 (+118.5%)

Institution	Prev Shares	Curr Shares	Change
Suncoast Equity Management	92,951	111,781	+18,830 (+20.3%)
GTS SECURITIES LLC	18,787	36,911	+18,124 (+96.5%)
Ashton Thomas Private Wealth, LLC	34,952	41,057	+6,105 (+17.5%)
UBS Group AG	211	461	+250 (+118.5%)

Decreased Positions (4)

Farther Finance Advisors, LLC

Value ($000) $112 (-94.1%) Shares 4,090 (-94.2%)

PNC Financial Services Group, Inc.

Value ($000) $43,526 (-0.2%) Shares 1,588,556 (-2.3%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $43,330 (-0.2%) Shares 1,581,374 (-2.3%)

STIFEL FINANCIAL CORP

Value ($000) $203 (-0.9%) Shares 7,416 (-2.9%)

Institution	Prev Shares	Curr Shares	Change
Farther Finance Advisors, LLC	70,274	4,090	-66,184 (-94.2%)
PNC Financial Services Group, Inc.	1,625,392	1,588,556	-36,836 (-2.3%)
ENVESTNET ASSET MANAGEMENT INC	1,618,320	1,581,374	-36,946 (-2.3%)
STIFEL FINANCIAL CORP	7,641	7,416	-225 (-2.9%)

Exited Positions (1)

BANK OF AMERICA CORP /DE/

Value ($000) $2 Shares 68

Institution	Prev Shares	Prev Value ($000)
BANK OF AMERICA CORP /DE/	68	$2