# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-001550
**Filing Date:** 2025-6
**Character Count:** 37499
**Document Hash:** ff4cf2abf891a73dc729890cac95174a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-001550.hdr.sgml**: 20250616

**ACCESSION NUMBER**: 0001592900-25-001550

**CONFORMED SUBMISSION TYPE**: NT NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250616

**DATE AS OF CHANGE**: 20250616

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA Series Trust
- **CENTRAL INDEX KEY:** 0001592900

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NT NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 251049100

**BUSINESS ADDRESS:**
- **STREET 1:** 19 E EAGLE ROAD
- **CITY:** HAVERTOWN
- **STATE:** PA
- **ZIP:** 19083
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 19 E EAGLE ROAD
- **CITY:** HAVERTOWN
- **STATE:** PA
- **ZIP:** 19083

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpha Architect ETF Trust
- **DATE OF NAME CHANGE:** 20140428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empowered Funds ETF Trust
- **DATE OF NAME CHANGE:** 20131125

## Series and Classes Contracts Data

### Intelligent Livermore ETF (Series ID: S000086878)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000252534 | Intelligent Livermore ETF | LIVR            |

## Nport-Ex

---

| |
|:---|
| **INTELIIGENT LIVERMORE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **March 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8%** | **Shares** | **Value**  |
| **Advertising - 1.0%** | |  |
| Publicis Groupe SA - ADR  | 7242 | $170622 |
| **Aerospace & Defense - 4.5%** |  |  |
| MTU Aero Engines AG - ADR  | 737 | 128072 |
| Rheinmetall AG - ADR  | 2181 | 624137 |
|  |  | 752209 |
| **Apparel, Accessories & Luxury Goods - 2.5%** |  |  |
| ANTA Sports Products Ltd. - ADR  | 894 | 246681 |
| Hermes International SCA - ADR  | 689 | 180539 |
|  |  | 427220 |
| **Application Software - 5.2%** |  |  |
| Adobe, Inc. <sup>(a)</sup> | 1194 | 457935 |
| Atlassian Corp. - Class A <sup>(a)</sup> | 1042 | 221123 |
| HubSpot, Inc. <sup>(a)</sup> | 354 | 202236 |
|  |  | 881294 |
| **Automobile Manufacturers - 3.8%** |  |  |
| BYD Co. Ltd. - ADR  | 1299 | 131628 |
| Li Auto, Inc. - ADR <sup>(a)</sup> | 20076 | 505915 |
|  |  | 637543 |
| **Biotechnology - 7.8%** |  |  |
| ACADIA Pharmaceuticals, Inc. <sup>(a)</sup> | 7462 | 123944 |
| Argenx SE - ADR <sup>(a)</sup> | 233 | 137904 |
| Ascendis Pharma AS - ADR <sup>(a)</sup> | 773 | 120480 |
| BioMarin Pharmaceutical, Inc. <sup>(a)</sup> | 4309 | 304603 |
| Genmab AS - ADR <sup>(a)</sup> | 6541 | 128073 |
| Halozyme Therapeutics, Inc. <sup>(a)</sup> | 2532 | 161567 |
| Krystal Biotech, Inc. <sup>(a)</sup> | 472 | 85102 |
| Neurocrine Biosciences, Inc. <sup>(a)</sup> | 989 | 109383 |
| Sarepta Therapeutics, Inc. <sup>(a)</sup> | 1104 | 70457 |
| United Therapeutics Corp. <sup>(a)</sup> | 245 | 75526 |
|  |  | 1317039 |
| **Broadline Retail - 4.6%** |  |  |
| JD.com, Inc. - ADR  | 18819 | 773837 |
| **Casinos & Gaming - 1.5%** |  |  |
| Evolution AB - ADR  | 1092 | 81387 |

---

------

---

| |
|:---|
| **INTELLIGENT LIVERMORE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **March 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| **Casinos & Gaming - 1.5% (Continued)** | | |
| Sands China Ltd. - ADR <sup>(a)</sup> | 8336 | $168246 |
|  |  | 249633 |
| **Construction & Engineering - 1.1%** |  |  |
| Vinci SA - ADR  | 5831 | 183618 |
| **Copper - 2.9%** |  |  |
| ERO Copper Corp. <sup>(a)</sup> | 29345 | 355662 |
| Southern Copper Corp.  | 1481 | 138397 |
|  |  | 494059 |
| **Data Processing & Outsourced Services - 0.8%** |  |  |
| Adyen NV - ADR <sup>(a)</sup> | 8513 | 129994 |
| **Diversified Metals & Mining - 1.3%** |  |  |
| BHP Group Ltd. - ADR <sup>(b)</sup> | 2678 | 129990 |
| Glencore PLC - ADR  | 12996 | 95001 |
|  |  | 224991 |
| **Electric Utilities - 1.0%** |  |  |
| PPL Corp.  | 4650 | 167911 |
| **Electrical Components & Equipment - 3.0%** |  |  |
| Eaton Corp. PLC  | 1015 | 275907 |
| Vertiv Holdings Co. - Class A  | 3198 | 230896 |
|  |  | 506803 |
| **Electronic Equipment & Instruments - 1.4%** |  |  |
| Cognex Corp.  | 7913 | 236045 |
| **Gold - 9.3%** |  |  |
| Alamos Gold, Inc. - Class A  | 7482 | 200069 |
| Anglogold Ashanti PLC  | 8651 | 321125 |
| B2Gold Corp.  | 47613 | 135697 |
| Barrick Gold Corp.  | 7514 | 146072 |
| Centerra Gold, Inc.  | 34269 | 217608 |
| Gold Fields Ltd. - ADR  | 7138 | 157679 |
| New Gold, Inc. <sup>(a)</sup> | 24469 | 90780 |
| Zijin Mining Group Co. Ltd. - ADR  | 6522 | 297403 |
|  |  | 1566433 |

---

------

---

| |
|:---|
| **INTELLIGENT LIVERMORE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **March 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| **Health Care Equipment - 1.9%** | |  |
| Dexcom, Inc. <sup>(a)</sup> | 974 | $66514 |
| Globus Medical, Inc. - Class A <sup>(a)</sup> | 1468 | 107458 |
| Stryker Corp.  | 379 | 141083 |
|  |  | 315055 |
| **Industrial Machinery & Supplies & Components - 3.5%** |  |  |
| Daifuku Co. Ltd. - ADR  | 22135 | 270711 |
| Yaskawa Electric Corp. - ADR  | 6310 | 316888 |
|  |  | 587599 |
| **Interactive Media & Services - 2.0%** |  |  |
| Baidu, Inc. - ADR <sup>(a)</sup> | 3624 | 333517 |
| **IT Consulting & Other Services - 0.6%** |  |  |
| Capgemini SE - ADR  | 3467 | 103837 |
| **Life Sciences Tools & Services - 1.6%** |  |  |
| WuXi AppTec Co. Ltd. - ADR  | 30530 | 271412 |
| **Oil & Gas Equipment & Services - 2.2%** |  |  |
| Halliburton Co.  | 8086 | 205142 |
| Schlumberger NV  | 3879 | 162142 |
|  |  | 367284 |
| **Oil & Gas Exploration & Production - 7.3%** |  |  |
| ConocoPhillips  | 7552 | 793111 |
| Coterra Energy, Inc.  | 7711 | 222848 |
| Diamondback Energy, Inc.  | 1387 | 221754 |
|  |  | 1237713 |
| **Oil & Gas Storage & Transportation - 5.5%** |  |  |
| ONEOK, Inc.  | 3829 | 379913 |
| Targa Resources Corp.  | 2710 | 543274 |
|  |  | 923187 |
| **Passenger Airlines - 1.7%** |  |  |
| International Consolidated Airlines Group SA - ADR  | 14348 | 96490 |
| Ryanair Holdings PLC - ADR  | 4326 | 183293 |
|  |  | 279783 |
| **Pharmaceuticals - 2.1%** |  |  |
| Novartis AG - ADR  | 1436 | 160085 |

---

------

---

| |
|:---|
| **INTELLIGENT LIVERMORE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **March 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| **Pharmaceuticals - 2.1% (Continued)** | | |
| Novo Nordisk AS - ADR  | 2861 | $198668 |
|  |  | 358753 |
| **Restaurants - 3.5%** |  |  |
| Meituan - ADR <sup>(a)</sup> | 14563 | 587471 |
| **Semiconductor Materials & Equipment - 0.8%** |  |  |
| ASML Holding NV  | 210 | 139152 |
| **Semiconductors - 14.4%** |  |  |
| Broadcom, Inc.  | 1308 | 218998 |
| First Solar, Inc. <sup>(a)</sup> | 3891 | 491939 |
| Marvell Technology, Inc.  | 2941 | 181077 |
| Micron Technology, Inc.  | 3776 | 328097 |
| NVIDIA Corp.  | 6591 | 714333 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR  | 2959 | 491194 |
|  |  | 2425638 |
| **Steel - 1.0%** |  |  |
| Vale SA - ADR  | 17109 | 170748 |
| **TOTAL COMMON STOCKS** (Cost $17,767,637) |  | 16820400 |
| **SHORT-TERM INVESTMENTS - 0.8%** |  |  |
| **Investments Purchased with Proceeds from Securities Lending - 0.6%** |  |  |
| First American Government Obligations Fund - Class X, 4.27% <sup>(c)</sup> | 105000 | 105000 |
| **Money Market Funds - 0.2%** |  |  |
| First American Government Obligations Fund - Class X, 4.27% <sup>(c)</sup> | 32629 | 32629 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $137,629) |  | 137629 |
| **TOTAL INVESTMENTS - 100.6% (**Cost $17,905,266**)** |  | $16958029 |
| Liabilities in Excess of Other Assets - (0.6)%  |  | (97761) |
| **TOTAL NET ASSETS - 100.0%** |  | $16860268 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt <br> PLC - Public Limited Company

------

---

| |
|:---|
| **INTELLIGENT LIVERMORE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **March 31, 2025 (Unaudited)** |

---

(a) <br> Non-income producing security.

(b) <br> All or a portion of this security is on loan as of March 31, 2025. The total market value of these securities was $101,934 which represented 0.6% of net assets.

(c) <br> The rate shown represents the 7-day annualized effective yield as of March 31, 2025.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

------

**INTELLIGENT LIVERMORE ETF**

**Summary of Fair Value Disclosures as of March 31, 2025 (Unaudited)**

Intelligent Livermore ETF (the "Fund") has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Assets</u>** | | | | |
| Common Stocks | $16820400 | $— | $— | $16820400 |
| Investments Purchased with Proceeds from Securities Lending | 105000 |  |  | 105000 |
| Money Market Funds | 32629 |  |  | 32629 |
| **Total Investments** | $16958029 | $— | $— | $16958029 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

During the fiscal period ended March 31, 2025, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EA Series Trust

- **b. Investment Company Act file number:** 811-22961

- **c. CIK number of Registrant:** 0001592900

- **d. LEI of Registrant:** 5493004OW9VWINAYRX18

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 19 E Eagle Road

  - **City:** Havertown

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** PA

  - **Telephone number:** 2158829983

**Item A.2. Information about the Series.**

- **a. Name of Series:** Intelligent Livermore ETF

- **b. EDGAR series identifier (if any):** S000086878

- **c. LEI of Series:** 52990055TWLRT185PF84

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $16977386.62

**Total Liabilities:** $117130.86

**Net Assets:** $16860255.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252534 | 4.62%                | -2.54%               | -3.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-113.46                 | $820011.85                                 |
| Month 2  | $-399648.40              | $-184293.59                                |
| Month 3  | $-224.85                 | $-642202.26                                |

### Schedule of Portfolio Investments

| Name                                         | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MTU Aero Engines AG                          | MTU Aero Engines AG                          | CUSIP: 62473G102<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |       737 | NS      | $128072.18    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                   | BYD Co Ltd                                   | CUSIP: 05606L100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      1299 | NS      | $131627.67    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd                    | Zijin Mining Group Co Ltd                    | CUSIP: 98953F107<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6522 | NS      | $297403.20    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                                    | Baidu Inc                                    | CUSIP: 056752108<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      3624 | NS      | $333516.72    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                              | Sands China Ltd                              | CUSIP: 80007R105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      8336 | NS      | $168246.32    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                            | Centerra Gold Inc                            | CUSIP: 152006102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     34269 | NS      | $217608.15    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA                     | Hermes International SCA                     | CUSIP: 42751Q105<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       689 | NS      | $180538.67    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                             | Novo Nordisk A/S                             | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      2861 | NS      | $198667.84    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                              | Gold Fields Ltd                              | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |      7138 | NS      | $157678.42    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                                 | New Gold Inc                                 | CUSIP: 644535106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     24469 | NS      | $90779.99     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                              | ASML Holding NV                              | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       210 | NS      | $139152.30    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryanair Holdings PLC                         | Ryanair Holdings PLC                         | CUSIP: 783513203<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      4326 | NS      | $183292.62    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                     | Vinci SA                                     | CUSIP: 927320101<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      5831 | NS      | $183618.19    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                 | Capgemini SE                                 | CUSIP: 13961R100<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      3467 | NS      | $103836.65    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                               | Rheinmetall AG                               | CUSIP: 76206K107<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      2181 | NS      | $624136.77    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                              | Schlumberger NV                              | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |      3879 | NS      | $162142.20    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                  | Novartis AG                                  | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      1436 | NS      | $160085.28    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                    | Argenx SE                                    | CUSIP: 04016X101<br>LEI: N/A                  | Long             | EC               | CORP              | NL        |       233 | NS      | $137904.55    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund   | First American Government Obligations Fund   | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    137629 | PA      | $137629.03    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                        | Anglogold Ashanti Plc                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |      8651 | NS      | $321125.12    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc                                  | Li Auto Inc                                  | CUSIP: 50202M102<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     20076 | NS      | $505915.20    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Adyen NV                                     | Adyen NV                                     | CUSIP: 00783V104<br>LEI: 724500973ODKK3IFQ447 | Long             | EC               | CORP              | NL        |      8513 | NS      | $129993.51    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| WuXi AppTec Co Ltd                           | WuXi AppTec Co Ltd                           | CUSIP: 98260P103<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     30530 | NS      | $271411.70    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Daifuku Co Ltd                               | Daifuku Co Ltd                               | CUSIP: 233802107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     22135 | NS      | $270711.05    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                      | Meituan                                      | CUSIP: 58533E103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     14563 | NS      | $587471.42    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp                              | ERO Copper Corp                              | CUSIP: 296006109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     29345 | NS      | $355661.40    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp                                  | B2Gold Corp                                  | CUSIP: 11777Q209<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     47613 | NS      | $135697.05    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution AB                                 | Evolution AB                                 | CUSIP: 30051E104<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |      1092 | NS      | $81386.76     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                              | Alamos Gold Inc                              | CUSIP: 011532108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7482 | NS      | $200068.68    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                          | Ascendis Pharma A/S                          | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |       773 | NS      | $120479.78    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                   | JD.com Inc                                   | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     18819 | NS      | $773837.28    | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                                   | Genmab A/S                                   | CUSIP: 372303206<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      6541 | NS      | $128072.78    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Yaskawa Electric Corp                        | Yaskawa Electric Corp                        | CUSIP: 985087105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6310 | NS      | $316888.20    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                 | Glencore PLC                                 | CUSIP: 37827X100<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     12996 | NS      | $95000.76     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                     | ANTA Sports Products Ltd                     | CUSIP: 03662P107<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       894 | NS      | $246681.42    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                    | ONEOK Inc                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      3829 | NS      | $379913.38    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                  | BioMarin Pharmaceutical Inc                  | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |      4309 | NS      | $304603.21    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics Inc                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      2532 | NS      | $161566.92    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                        | Micron Technology Inc                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3776 | NS      | $328096.64    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                           | Coterra Energy Inc                           | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |      7711 | NS      | $222847.90    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                     | United Therapeutics Corp                     | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       245 | NS      | $75526.15     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                         | Southern Copper Corp                         | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      1481 | NS      | $138397.34    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                     | PPL Corp                                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      4650 | NS      | $167911.50    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      7552 | NS      | $793111.04    | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                               | Eaton Corp PLC                               | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |      1015 | NS      | $275907.45    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                  | Cognex Corp                                  | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |      7913 | NS      | $236044.79    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                               | Halliburton Co                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |      8086 | NS      | $205141.82    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADIA Pharmaceuticals Inc                   | ACADIA Pharmaceuticals Inc                   | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |      7462 | NS      | $123943.82    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | First Solar Inc                              | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      3891 | NS      | $491939.13    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                     | Sarepta Therapeutics Inc                     | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      1104 | NS      | $70457.28     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                  | NVIDIA Corp                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6591 | NS      | $714332.58    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                    | Adobe Inc                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      1194 | NS      | $457934.82    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                      | Vale SA                                      | CUSIP: 91912E105<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     17109 | NS      | $170747.82    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                   | Neurocrine Biosciences Inc                   | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |       989 | NS      | $109383.40    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA                           | Publicis Groupe SA                           | CUSIP: 74463M106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      7242 | NS      | $170621.52    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd    | Taiwan Semiconductor Manufacturing Co Ltd    | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      2959 | NS      | $491194.00    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                                | BHP Group Ltd                                | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |      2678 | NS      | $129990.12    | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| International Consolidated Airlines Group SA | International Consolidated Airlines Group SA | CUSIP: 459348108<br>LEI: N/A                  | Long             | EC               | CORP              | ES        |     14348 | NS      | $96490.30     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp                            | Barrick Gold Corp                            | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |      7514 | NS      | $146072.16    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                               | Atlassian Corp                               | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      1042 | NS      | $221122.82    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC                       | MARVELL TECHNOLOGY INC                       | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2941 | NS      | $181077.37    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                           | Vertiv Holdings Co                           | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      3198 | NS      | $230895.60    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                          | Krystal Biotech Inc                          | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |       472 | NS      | $85101.60     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                           | Globus Medical Inc                           | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      1468 | NS      | $107457.60    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy Inc                       | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      1387 | NS      | $221753.56    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                         | Targa Resources Corp                         | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      2710 | NS      | $543273.70    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                   | Dexcom Inc                                   | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       974 | NS      | $66514.46     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                  | HubSpot Inc                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       354 | NS      | $202236.66    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                 | Stryker Corp                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       379 | NS      | $141082.75    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                 | Broadcom Inc                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1308 | NS      | $218998.44    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-03-31

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Jessica Leighty

**Name of Signer:** Jessica Leighty

**Title:** Chief Compliance Officer