Institutional Manager · CIK 0001835252

EWA, LLC

PITTSBUGH, PA · File #028-23270

Latest AUM

$409.6M

Positions

271

Top-10 Concentration

59.3%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES TR	46432F339	-53,379	-$10.6M	+$501,527
ADD	ISHARES TR	464287408	+35,252	+$7.5M	+$724,740
ADD	APPLE INC	AAPL	+18,449	+$5.0M	+$551,871
ADD	ISHARES TR	464287200	+6,152	+$4.2M	+$70,805
ADD	SCHWAB STRATEGIC TR	808524201	+119,560	+$3.2M	+$5,646
ADD	INVESCO EXCH TRADED FD TR II	IVZ	+23,899	+$2.9M	-$98,657
ADD	NVIDIA CORPORATION	NVDA	+10,732	+$2.0M	-$5,124
ADD	ISHARES TR	46434V282	+22,379	+$1.6M	+$247,164
ADD	VANGUARD TAX-MANAGED FDS	921943858	+24,596	+$1.5M	+$8,531
ADD	ALPHABET INC	GOOG	+4,833	+$1.5M	+$398,173

Sector Allocation

Technology

13.7%$56.1M

Financials

9.0%$36.7M

Consumer Discretionary

2.9%$11.7M

Communication Services

2.0%$8.0M

1.3%$5.5M

1.1%$4.4M

0.5%$2.0M

0.4%$1.7M

0.2%$1.0M

0.2%$821,375

0.1%$246,782

Filing History

Feb 3, 202613F HOLDINGS REPORTQ/E Dec 2025271 pos · $409.6M
Oct 31, 202513F HOLDINGS REPORTQ/E Sep 2025230 pos · $361.2M
Jul 18, 202513F HOLDINGS REPORTQ/E Jun 2025219 pos · $317.6M
Apr 22, 202513F HOLDINGS REPORTQ/E Mar 2025182 pos · $269.0M
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024162 pos · $266.3M
Nov 15, 202413F HOLDINGS REPORTQ/E Sep 2024168 pos · $279.9M
Jul 24, 202413F HOLDINGS REPORTQ/E Jun 2024158 pos · $241.5M
May 13, 202413F HOLDINGS REPORTQ/E Mar 2024147 pos · $222.5M
Nov 15, 202313F HOLDINGS REPORTQ/E Dec 2023115 pos · $154.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	46434V282	728,527	$50.6M	15.14%
2	ISHARES TR	464287408	165,604	$35.1M	10.51%
3	ISHARES TR	464287309	262,719	$32.4M	9.69%
4	NVIDIA CORPORATION	NVDA	73,864	$13.8M	4.12%
5	APPLE INC	AAPL	50,485	$13.7M	4.11%
6	ISHARES TR	46432F339	68,318	$13.6M	4.06%
7	BLACKROCK ETF TRUST	BLK	294,714	$11.4M	3.40%
8	INVESCO EXCH TRADED FD TR II	IVZ	80,627	$9.6M	2.88%
9	ISHARES TR	46434V613	197,027	$9.2M	2.74%
10	MICROSOFT CORP	MSFT	18,495	$8.9M	2.68%
11	ISHARES TR	464287507	132,543	$8.7M	2.62%
12	BLACKROCK ETF TRUST	BLK	223,760	$7.5M	2.23%
13	ISHARES TR	464287200	10,665	$7.3M	2.19%
14	ISHARES INC	46434G764	92,557	$6.7M	2.01%
15	META PLATFORMS INC	META	8,633	$5.7M	1.71%
16	AMAZON COM INC	AMZN	22,588	$5.2M	1.56%
17	ISHARES TR	464287804	43,192	$5.2M	1.55%
18	ISHARES INC	46434G103	75,234	$5.1M	1.51%
19	GLOBAL X FDS	37960A529	77,732	$5.0M	1.51%
20	ISHARES TR	464288653	46,406	$4.7M	1.41%