# EDGAR Filing Document

**Accession Number:** 0001969674
**File Stem:** 0000940400-26-021776
**Filing Date:** 2026-5
**Character Count:** 20710
**Document Hash:** ec7c1e2fb47b82e643e6cb91f85fb6ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021776.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021776

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 2023 ETF Series Trust
- **CENTRAL INDEX KEY:** 0001969674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23883
- **FILM NUMBER:** 261032168

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET
- **STREET 2:** SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** (833) 782-2211

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET
- **STREET 2:** SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI

## Series and Classes Contracts Data

### Eagle Capital Select Equity ETF (Series ID: S000081645)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000244572 | Eagle Capital Select Equity ETF | EAGL            |

## Nport-Ex

#### Eagle

#### Capital

#### Select

#### Equity

#### ETF

#### Schedule

#### of

#### Investments
March

31,

2026

(Unaudited)

#### Shares

#### Value

#### Common

#### Stocks

#### –

#### 98.4%

#### Communication

#### Services

#### –

#### 12.6%
Alphabet,

Inc.,

Class

A

.........................................................

615,340

$

176,947,170

Comcast

Corp.,

Class

A

........................................................

4,289,246

123,144,253

Liberty

Broadband

Corp.,

Class

C\*

................................................

848,886

42,698,966

Meta

Platforms,

Inc.,

Class

A

....................................................

147,177

84,204,377

Netflix,

Inc.\*

..................................................................

608,313

58,489,295

485,484,061

#### Consumer

#### Discretionary

#### –

#### 14.5%
Amazon.com,

Inc.\*

............................................................

1,333,236

277,673,062

Lennar

Corp.,

Class

A

..........................................................

1,250,457

108,589,686

MercadoLibre,

Inc.,

(Brazil)\*

.....................................................

91,176

157,645,127

PulteGroup,

Inc.

..............................................................

154,556

18,177,331

562,085,206

#### Consumer

#### Staples

#### –

#### 1.6%
Estee

Lauder

Cos.,

Inc.

(The),

Class

A

.............................................

886,706

63,638,890

#### Energy

#### –

#### 9.8%
ConocoPhillips

...............................................................

2,169,373

286,357,236

Shell

PLC,

ADR

...............................................................

1,013,369

94,243,317

380,600,553

#### Financials

#### –

#### 15.8%
Aon

PLC,

Class

A

.............................................................

166,524

53,750,617

Arthur

J

Gallagher

&

Co.

........................................................

135,727

29,395,754

Capital

One

Financial

Corp.

.....................................................

749,387

136,710,670

London

Stock

Exchange

Group

PLC,

ADR,

(United

Kingdom)\*

..........................

9,827,273

293,147,554

Mastercard,

Inc.,

Class

A

.......................................................

77,639

38,793,103

S&P

Global,

Inc.

..............................................................

135,745

57,737,778

609,535,476

#### Health

#### Care

#### –

#### 13.5%
Bayer

AG,

ADR,

(Germany)

.....................................................

7,291,269

83,703,768

Danaher

Corp.

................................................................

766,421

145,313,422

Elevance

Health,

Inc.

..........................................................

173,432

50,772,218

Humana,

Inc.

.................................................................

361,562

62,691,235

UnitedHealth

Group,

Inc.

........................................................

662,207

179,186,592

521,667,235

#### Industrials

#### –

#### 5.7%
AerCap

Holdings

NV,

(Ireland)

...................................................

834,531

114,480,963

Woodward,

Inc.

...............................................................

299,844

107,320,164

221,801,127

#### Information

#### Technology

#### –

#### 22.1%
ASML

Holding

NV,

(Netherlands)

.................................................

50,728

67,003,064

Intuit,

Inc.

....................................................................

278,381

120,366,377

Microsoft

Corp.

...............................................................

453,354

167,818,050

SAP

SE,

ADR,

(Germany)

.......................................................

963,300

164,926,593

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR,

(Taiwan)

..........................

602,944

203,764,925

Workday,

Inc.,

Class

A\*

.........................................................

994,527

129,208,948

853,087,957

#### Eagle

#### Capital

#### Select

#### Equity

#### ETF

#### Schedule

#### of

#### Investments
(Continued)

March

31,

2026

(Unaudited)

#### Shares

#### Value

#### Common

#### Stocks
(continued)

#### Materials

#### –

#### 2.8%
Alcoa

Corp.

..................................................................

1,614,904

$

107,116,582

Total

Common

Stocks

(Cost

$3,525,896,995)

.....................................................

3,805,017,087

#### Money

#### Market

#### Funds

#### –

#### 1.8%
BlackRock

Liquidity

Funds

Treasury

Trust

Fund

Portfolio,

Institutional

Class,

3.56%

(a) (Cost

$68,214,603)

..........................................................

68,214,603

68,214,603

Total

Investments

–

100.2%

(Cost

$3,594,111,598)

........................................................................

$

3,873,231,690

Liabilities

in

Excess

of

Other

Assets

–

(0.2)%

.......................................................

(8,504,719)

#### Net

#### Assets

#### –

#### 100.0%

#### ..........................................................................

#### $

#### 3,864,726,971
\*

Non

Income

Producing

(a) Rate

shown

reflects

the

7-day

yield

as

of

March

31,

2026. ADR

:

American

Depositary

Receipt

PLC

:

Public

Limited

Company

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** 2023 ETF Series Trust

- **b. Investment Company Act file number:** 811-23883

- **c. CIK number of Registrant:** 0001969674

- **d. LEI of Registrant:** 5493000L2E3DBUPMOK03

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

  - **Street Address 1:** 234 W. Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** (833)782-2211

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

- **a. Name of Series:** Eagle Capital Select Equity ETF

- **b. EDGAR series identifier (if any):** S000081645

- **c. LEI of Series:** 5493000L3WAZFT3NEZ21

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $3773143198.57

**Total Liabilities:** $2548493.28

**Net Assets:** $3770594705.29

**Cash Not Reported:** $64979.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244572 | -0.15%               | -1.08%               | -5.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $42625310.06             | $-51794487.20                              |
| Month 2  | $55945312.17             | $-98150604.75                              |
| Month 3  | $23384333.39             | $-222347420.19                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| London Stock Exchange Group PLC              | London Stock Exchange Group PLC SPONSORED ADS              | CUSIP: 54211Y107<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |   9587643 | NS      | $285999390.69 | 7.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                      | UnitedHealth Group Inc. COM                                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    646087 | NS      | $174824681.33 | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                          | Comcast Corporation CL A                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   4184776 | NS      | $120144918.96 | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation                | Liberty Broadband Corporation COM SER C                    | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |    828116 | NS      | $41654234.80  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                      | Aon PLC SHS CL A                                           | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    162494 | NS      | $52449813.32  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                          | Danaher Corporation COM                                    | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    747821 | NS      | $141786861.60 | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                      | MasterCard Incorporated CL A                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     57252 | NS      | $28606534.32  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. SPONSORED ADS | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    588374 | NS      | $198840993.30 | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                  | Capital One Financial Corp. COM                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    731097 | NS      | $133374025.71 | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     89006 | NS      | $153893154.12 | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp. COM                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    442194 | NS      | $163686952.98 | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                    | Shell PLC SPON ADS                                         | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    988569 | NS      | $91936917.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                   | Intuit Inc COM                                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    248995 | NS      | $107660458.10 | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                     | Bayer AG SPONSORED ADR                                     | CUSIP: 072730302<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |   7357439 | NS      | $84463399.72  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                                | Woodward Inc. COM                                          | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |    292404 | NS      | $104657239.68 | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                             | Amazon.com, Inc. COM                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1300686 | NS      | $270893873.22 | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK TREASURY TRUST                     | BLACKROCK TREASURY TRUST                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  68199624 | NS      | $68199623.84  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                                 | Lennar Corp. CL A                                          | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |   1220077 | NS      | $105951486.68 | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| The Estee Lauder Companies Inc.              | The Estee Lauder Companies Inc. CL A                       | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    865006 | NS      | $62081480.62  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                           | Meta Platforms Inc CL A                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    143457 | NS      | $82076053.41  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                | Alphabet Inc. CAP STK CL A                                 | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    600460 | NS      | $172668277.60 | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                            | ASML Holding N.V. N Y REGISTRY SHS                         | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     57028 | NS      | $75324293.24  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                             | Gallagher Aj &Co COM                                       | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    132317 | NS      | $28657215.86  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                         | Elevance Health Inc. COM                                   | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    169092 | NS      | $49501683.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                  | Workday Inc CL A                                           | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |    970347 | NS      | $126067482.24 | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                               | S&P Global Inc COM                                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     89141 | NS      | $37915232.94  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                            | Alcoa Corporation COM                                      | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |   1575534 | NS      | $104505170.22 | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP INC                               | Pulte Group Inc COM                                        | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150836 | NS      | $17739821.96  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                               | ConocoPhillips COM                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   2234939 | NS      | $295011948.00 | 7.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                  | Humana Inc. COM                                            | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    352882 | NS      | $61186209.98  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                       | SAP SE SPON ADR                                            | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |    939740 | NS      | $160892885.40 | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP HOLDINGS NV                           | AerCap Holdings N.V. SHS                                   | CUSIP: 000000000<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |    814071 | NS      | $111674259.78 | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                | Netflix, Inc. COM                                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    593433 | NS      | $57058582.95  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** 2023 ETF Series Trust

**Signature:** Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Principal Financial Officer