# EDGAR Filing Document

**Accession Number:** 0001495922
**File Stem:** 0000910472-25-004877
**Filing Date:** 2025-11
**Character Count:** 17276
**Document Hash:** 549fdd3db1e54982d35ff9453421bfe3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004877.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000910472-25-004877

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EntrepreneurShares Series Trust
- **CENTRAL INDEX KEY:** 0001495922

**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:** 811-22436
- **FILM NUMBER:** 251533246

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WESTON CAPITAL ADVISORS, LLC
- **STREET 2:** 470 ATLANTIC AVENUE, SUITE 400
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 781-239-4446

**MAIL ADDRESS:**
- **STREET 1:** C/O WESTON CAPITAL ADVISORS, LLC
- **STREET 2:** 470 ATLANTIC AVENUE, SUITE 400
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### ERShares Private-Public Crossover ETF (Series ID: S000059420)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000194842 | ERShares Private-Public Crossover ETF | XOVR            |

## Nport-Ex

ERShares

Private-Public

Crossover

ETF

Schedule

of

Investments

September

30,

2025

(Unaudited)

Common

Stocks

—

92.05%

Shares

Fair

Value

Communications

—

21.99%

AppLovin

Corp.,

Class

A

(a) 40,069

$

28,791,179

Maplebear

Inc

(a) 196,016

7,205,548

Meta

Platforms,

Inc.,

Class

A

38,964

28,614,383

Netflix,

Inc.

(a) 15,420

18,487,347

Reddit,

Inc.,

Class

A

(a) 73,965

17,011,210

Trade

Desk,

Inc.

(The),

Class

A

(a) 161,145

7,897,716

108,007,383

Consumer

Discretionary

—

10.36%

Airbnb,

Inc.,

Class

A

(a) 97,540

11,843,307

DoorDash,

Inc.,

Class

A

(a) 57,226

15,564,900

DraftKings,

Inc.,

Class

A

(a) 233,592

8,736,341

Tesla,

Inc.

(a) 33,128

14,732,684

50,877,232

Energy

—

1.68%

Antero

Resources

Corp.

(a) 245,364

8,234,416

Financials

—

9.88%

Coinbase

Global,

Inc.,

Class

A

(a) 34,771

11,734,865

Interactive

Brokers

Group,

Inc.,

Class

A

182,476

12,556,173

Robinhood

Markets,

Inc.,

Class

A

(a) 107,898

15,448,836

Toast,

Inc.,

Class

A

(a) 240,582

8,783,649

48,523,523

Health

Care

—

9.27%

Exelixis,

Inc.

(a) 204,525

8,446,883

Medpace

Holdings,

Inc.

(a) 27,295

14,033,997

Natera,

Inc.

(a) 65,769

10,586,836

ResMed,

Inc.

45,540

12,465,664

45,533,380

Industrials

—

3.03%

Rocket

Lab

Corp.

(a) 310,357

14,869,204

Technology

—

35.84%

Affirm

Holdings,

Inc.,

Class

A

(a) 164,205

12,000,102

Appfolio,

Inc.,

Class

A

(a) 35,768

9,859,807

Arista

Networks,

Inc.

(a) 134,995

19,670,121

Corpay,

Inc.

(a) 25,338

7,298,864

Crowdstrike

Holdings,

Inc.,

Class

A

(a) 29,986

14,704,534

Nvidia

Corp.

265,322

49,503,779

Oracle

Corp.

73,059

20,547,113

Palantir

Technologies,

Inc.,

Class

A

(a) 95,052

17,339,385

Paylocity

Holding

Corp.

(a) 49,581

7,896,766

Ubiquiti,

Inc.

25,986

17,165,832

175,986,303

Total Common

Stocks

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $373,464,503)

452,031,441

ERShares

Private-Public

Crossover

ETF

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

Partnership

Shares

—

7.91%

Shares

Fair

Value

Anduril

Holdings,

SPV

LP

(a)(b)(c)(d)

70,588

$

3,000,000

Astra

Holdings

SPV,

LP

(a)(b)(c)(d)(e)

182,583

33,777,777

FIKA

Holdings

SPV,

LP

(a)(b)(c)(d)(f)

54,206

2,086,646

Total Partnership

Shares

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $36,990,000)

38,864,423

Total

Investments

—

99.96%

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$410,454,503)

490,895,864

Other

Assets

in

Excess

of

Liabilities — 0.04%

178,167

Net

Assets

—

100.00%

$

491,074,031

(a) Non-income

producing

security.

(b) Illiquid

security.

(c) Level

securities

fair

valued

using

significant

unobservable

inputs.

(d) Restricted

investment

as

to

resale.

(e) Delaware

limited

partnership

holding

investments

in

underlying

SPVs

holding

investments

in

Space

Exploration

Technology,

Corp.

(f) Delaware

limited

partnership

holding

investment

in

Klarna

PLC.

SPV

-

Special

Purpose

Vehicle

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22436

- **c. CIK number of Registrant:** 0001495922

- **d. LEI of Registrant:** 549300UON6JV1E7QG046

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

  - **Street Address 1:** 175 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 2110

  - **Telephone number:** (800) 287-9469

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

- **a. Name of Series:** ERShares Private-Public Crossover ETF

- **b. EDGAR series identifier (if any):** S000059420

- **c. LEI of Series:** 5493004Z5W4ALQTA2M10

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $491363516.34

**Total Liabilities:** $289485.21

**Net Assets:** $491074031.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194842 | 3.04%                | 1.37%                | 5.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20685622.06             | $-6930561.17                               |
| Month 2  | $391902.89               | $6272834.10                                |
| Month 3  | $2108171.62              | $23280590.77                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| NVIDIA Corp.                  | NVIDIA Corporation              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    265322 | NS      | $49503778.76  | 10.08%            |  |  |  | No            | 1                  | On Loan: No      |
| N/A                           | BBH SWEEP VEHICLE               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    106035 | PA      | $106035.34    | 0.02%             |  |  |  | No            | N/A                | On Loan: No      |
| Oracle Corp.                  | Oracle Corporation              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     73059 | NS      | $20547113.16  | 4.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Rocket Lab Corp.              | Rocket Lab Corporation          | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    310357 | NS      | $14869203.87  | 3.03%             |  |  |  | No            | 1                  | On Loan: No      |
| AppFolio Inc.                 | Appfolio, Inc.                  | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     35768 | NS      | $9859806.88   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Exelixis, Inc.                | Exelixis, Inc.                  | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    204525 | NS      | $8446882.50   | 1.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Robinhood Markets Inc         | Robinhood Markets, Inc.         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |    107898 | NS      | $15448835.64  | 3.15%             |  |  |  | No            | 1                  | On Loan: No      |
| DoorDash Inc                  | DoorDash, Inc.                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     57226 | NS      | $15564899.74  | 3.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Applovin Corp.                | AppLovin Corporation            | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     40069 | NS      | $28791179.26  | 5.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc           | Arista Networks, Inc.           | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    134995 | NS      | $19670121.45  | 4.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Natera Inc.                   | Natera, Inc.                    | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65769 | NS      | $10586835.93  | 2.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Antero Resources Corporation  | Antero Resources Corporation    | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    245364 | NS      | $8234415.84   | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                           | Anduril Holdings SPV LP         | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |     70588 | NS      | $3000000.00   | 0.61%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Affirm Holdings Inc           | Affirm Holdings, Inc.           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164205 | NS      | $12000101.40  | 2.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Crowdstrike Holdings Inc      | Crowdstrike Holdings, Inc.      | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     29986 | NS      | $14704534.68  | 2.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Maplebear Inc.                | Maplebear, Inc.                 | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196016 | NS      | $7205548.16   | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Medpace Holdings Inc.         | Medpace Holdings, Inc.          | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     27295 | NS      | $14033997.20  | 2.86%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                           | SPV EXPOSURE TO KLARNA          | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |     54206 | NS      | $2086645.59   | 0.42%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Ubiquiti Inc                  | Ubiquiti, Inc.                  | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25986 | NS      | $17165831.88  | 3.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Netflix, Inc.                 | Netflix, Inc.                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     15420 | NS      | $18487346.40  | 3.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc            | Meta Platforms, Inc.            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     38964 | NS      | $28614382.32  | 5.83%             |  |  |  | No            | 1                  | On Loan: No      |
| ResMed Inc.                   | ResMed, Inc.                    | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     45540 | NS      | $12465664.20  | 2.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc     | Palantir Technologies, Inc.     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     95052 | NS      | $17339385.84  | 3.53%             |  |  |  | No            | 1                  | On Loan: No      |
| The Trade Desk Inc            | Trade Desk, Inc. (The)          | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |    161145 | NS      | $7897716.45   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                           | SPV EXPOSURE TO SPACEX          | CUSIP: N/A<br>LEI: N/A                        | Long             |  |  | US        |    182583 | NS      | $33777777.76  | 6.88%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Reddit Inc                    | Reddit, Inc.                    | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73965 | NS      | $17011210.35  | 3.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Coinbase Global Inc           | Coinbase Global, Inc.           | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     34771 | NS      | $11734864.79  | 2.39%             |  |  |  | No            | 1                  | On Loan: No      |
| DraftKings Inc.               | DraftKings, Inc.                | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |    233592 | NS      | $8736340.80   | 1.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Toast Inc                     | Toast, Inc.                     | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    240582 | NS      | $8783648.82   | 1.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Corpay Inc                    | Corpay, Inc.                    | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |     25338 | NS      | $7298864.28   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Interactive Brokers Group Inc | Interactive Brokers Group, Inc. | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |    182476 | NS      | $12556173.56  | 2.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Paylocity Holding Corporation | Paylocity Holding Corporation   | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     49581 | NS      | $7896765.87   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Airbnb Inc                    | Airbnb, Inc.                    | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     97540 | NS      | $11843306.80  | 2.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Tesla Inc                     | Tesla, Inc.                     | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     33128 | NS      | $14732684.16  | 3.00%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** EntrepreneurShares Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller