# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-001664
**Filing Date:** 2025-6
**Character Count:** 20648
**Document Hash:** 6e89d4147e674ea5bb2f1bf66fbe29b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-001664.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001592900-25-001664

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 251084695

**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

### MarketDesk Focused U.S. Momentum ETF (Series ID: S000090984)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000258373 | MarketDesk Focused U.S. Momentum ETF | FMTM            |

## Nport-Ex

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.9%** | **Shares** | **Value**  |
| **Application Software - 3.3%** | |  |
| Roper Technologies, Inc.  | 866 | $485029 |
| **Automotive Retail - 6.7%** |  |  |
| AutoZone, Inc. <sup>(a)</sup> | 131 | 492901 |
| O'Reilly Automotive, Inc. <sup>(a)</sup> | 347 | 491074 |
|  |  | 983975 |
| **Consumer Staples Merchandise Retail - 3.3%** |  |  |
| BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | 4133 | 485875 |
| **Environmental & Facilities Services - 6.7%** |  |  |
| Republic Services, Inc.  | 1953 | 489715 |
| Waste Management, Inc.  | 2108 | 491923 |
|  |  | 981638 |
| **Financial Exchanges & Data - 6.8%** |  |  |
| Cboe Global Markets, Inc.  | 2231 | 494836 |
| CME Group, Inc.  | 1781 | 493479 |
|  |  | 988315 |
| **Food Retail - 6.6%** |  |  |
| Albertsons Cos., Inc. - Class A  | 21757 | 478219 |
| Kroger Co.  | 6761 | 488212 |
|  |  | 966431 |
| **Health Care Distributors - 10.0%** |  |  |
| Cardinal Health, Inc.  | 3440 | 486038 |
| Cencora, Inc.  | 1658 | 485247 |
| McKesson Corp.  | 683 | 486835 |
|  |  | 1458120 |
| **Health Care Facilities - 3.3%** |  |  |
| Encompass Health Corp.  | 4155 | 486093 |
| **Health Care Services - 3.4%** |  |  |
| CVS Health Corp.  | 7403 | 493854 |
| **Industrial Machinery & Supplies & Components - 3.3%** |  |  |
| Otis Worldwide Corp.  | 5060 | 487126 |

---

------

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.9% (CONTINUED)** | **Shares** | **Value**  |
| **Insurance Brokers - 13.4%** | |  |
| Aon PLC - Class A  | 1372 | $486772 |
| Arthur J Gallagher & Co.  | 1511 | 484563 |
| Brown & Brown, Inc.  | 4460 | 493276 |
| Marsh & McLennan Cos., Inc.  | 2173 | 489946 |
|  |  | 1954557 |
| **Interactive Home Entertainment - 3.2%** |  |  |
| Electronic Arts, Inc.  | 3265 | 473719 |
| **IT Consulting & Other Services - 3.3%** |  |  |
| International Business Machines Corp.  | 2011 | 486300 |
| **Movies & Entertainment - 3.3%** |  |  |
| Netflix, Inc. <sup>(a)</sup> | 432 | 488903 |
| **Multi-Sector Holdings - 3.3%** |  |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 898 | 478859 |
| <br>**Property & Casualty Insurance - 10.0%** |  |  |
| Axis Capital Holdings Ltd.  | 5008 | 482370 |
| Progressive Corp.  | 1749 | 492763 |
| W R Berkley Corp.  | 6769 | 485270 |
|  |  | 1460403 |
| **Tobacco - 3.3%** |  |  |
| Philip Morris International, Inc.  | 2814 | 482207 |
| **Transaction & Payment Processing Services - 6.7%** |  |  |
| Mastercard, Inc. - Class A  | 892 | 488870 |
| Visa, Inc. - Class A  | 1408 | 486464 |
|  |  | 975334 |
| **TOTAL COMMON STOCKS** (Cost $14,527,785) |  | 14616738 |
| **SHORT-TERM INVESTMENTS - 0.1%** |  |  |
| **Money Market Funds - 0.1%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(b)</sup> | 18224 | 18224 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $18,224) |  | 18224 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $14,546,009**)** |  | $14634962 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> |  | 2380 |
| **TOTAL NET ASSETS - 100.0%** |  | $14637342 |

---

------

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **April 30, 2025 (Unaudited)** |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

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

(b) <br> The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

(c) <br> Represents less than 0.05% of net assets.

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.

------

**MARKETDESK FOCUSED U.S. MOMENTUM ETF**

**Summary of Fair Value Disclosures as of April 30, 2025 (Unaudited)**

MarketDesk Focused U.S. Momentum 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 April 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Assets</u>** | | | | |
| Common Stocks | $14616738 | $— | $— | $14616738 |
| Money Market Funds | 18224 |  |  | 18224 |
| **Total Investments** | $14634962 | $— | $— | $14634962 |

---

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

During the fiscal period ended April 30, 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:** MarketDesk Focused U.S.  Momentum ETF

- **b. EDGAR series identifier (if any):** S000090984

- **c. LEI of Series:** 529900A5C3816GOISJ44

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $14640776.83

**Total Liabilities:** $3435.24

**Net Assets:** $14637341.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258373 |  | 0.97%                | -0.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  | $0.00                    | $-5954.12                                  |
| Month 3  | $41595.16                | $94907.36                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Cardinal Health Inc                        | Cardinal Health Inc                        | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      3440 | NS      | $486037.60    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                     | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       898 | NS      | $478858.50    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                              | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       683 | NS      | $486835.57    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                     | Roper Technologies Inc                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       866 | NS      | $485029.28    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc            | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2814 | NS      | $482207.04    | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                | Cencora Inc                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1658 | NS      | $485246.86    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                   | Visa Inc                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1408 | NS      | $486464.00    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                    | Cboe Global Markets Inc                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      2231 | NS      | $494835.80    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                         | Albertsons Cos Inc                         | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     21757 | NS      | $478218.86    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc           | BJ's Wholesale Club Holdings Inc           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      4133 | NS      | $485875.48    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                        | Otis Worldwide Corp                        | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      5060 | NS      | $487126.20    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                  | Axis Capital Holdings Ltd                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |      5008 | NS      | $482370.56    | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                    | Aon PLC                                    | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | US        |      1372 | NS      | $486771.88    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     18224 | PA      | $18223.87     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                             | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       892 | NS      | $488869.52    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                               | AutoZone Inc                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       131 | NS      | $492900.60    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       432 | NS      | $488903.04    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                    | Arthur J Gallagher & Co                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      1511 | NS      | $484562.59    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                           | W R Berkley Corp                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      6769 | NS      | $485269.61    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCOMPASS HEALTH CORP                      | ENCOMPASS HEALTH CORP                      | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      4155 | NS      | $486093.45    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                            | CVS Health Corp                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      7403 | NS      | $493854.13    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                    | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       347 | NS      | $491074.40    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                              | CME Group Inc                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1781 | NS      | $493479.48    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp       | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      2011 | NS      | $486300.02    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                        | Electronic Arts Inc                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      3265 | NS      | $473718.85    | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                   | Marsh & McLennan Cos Inc                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      2173 | NS      | $489946.31    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                      | Republic Services Inc                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1953 | NS      | $489714.75    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                       | Progressive Corp/The                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1749 | NS      | $492763.26    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                          | Brown & Brown Inc                          | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      4460 | NS      | $493276.00    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                       | Waste Management Inc                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2108 | NS      | $491922.88    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                              | Kroger Co/The                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      6761 | NS      | $488211.81    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Jessica Leighty

**Name of Signer:** Jessica Leighty

**Title:** Chief Compliance Officer