Cowa, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Cowa, LLC reported 119 stock positions worth $169.7 million. Its top holding was Avantis US Small Cap Value (AVUV) at 7.3% of the portfolio, followed by Dimensional International Va (DFIV, 5.7%) and Dimensional International (DFAI, 4.1%). Compared with Q4 2023, it opened 18 new positions, sold out of 8, added to 32 and reduced 47. The biggest buy was Avantis US Small Cap Value (AVUV, shares +24%) and the biggest sale SS SPDR P S&P 500 Hi Div ETF (SPYD, shares −59%).

Most Recent 13F
Q2 2026
Location
Tulsa, OK
CIK
0001844480
Portfolio Value
$169.7M (Q1 2024)
SEC Filing
0001172661-24-002050 ↗ filed May 7, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $169.7M $169.7M Q1 2024 Q2 2024: $187.4M Q2 2024 Q3 2024: $210.0M Q3 2024 Q4 2024: $205.0M Q4 2024 Q1 2025: $234.1M Q1 2025 Q2 2025: $262.6M Q2 2025 Q3 2025: $282.5M Q3 2025 Q4 2025: $328.6M Q4 2025 Q1 2026: $343.7M Q1 2026 Q2 2026: $369.4M Q2 2026

Holdings 119 stocks · $169.7M
AVUV Avantis US Small Cap Value 7.29% 131,964 $12.4M Add +23.6%
DFIV Dimensional International Va 5.66% 261,216 $9.6M Add +9.7%
DFAI Dimensional International Co. 4.08% 229,284 $6.9M Reduce -3.3%
AMLP Alerian MLP ETF 4.03% 143,861 $6.8M Add +7.2%
IDV iShares International Select 4.01% 242,706 $6.8M Reduce -17.2%
HDV iShares Core High Dividend E 3.73% 57,409 $6.3M Reduce -10.0%
DFAU Dimensional US Core Equity M 3.71% 172,205 $6.3M Reduce -6.7%
AAPL Apple Inc. 3.39% 33,583 $5.8M Reduce -3.2%
OKE Oneok Inc. 3.37% 71,347 $5.7M Reduce -6.8%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 3.09% 13,163 $5.2M Reduce -1.9%
SPYD SS SPDR P S&P 500 Hi Div ETF 3.05% 127,151 $5.2M Reduce -59.0%
SGOV iShares 0-3 Month Treasury B 2.57% 43,297 $4.4M Add +5.0%
GLD SPDR Gold Shares 2.52% 20,804 $4.3M Add +23.7%
SCHD Schwab US DVD Equity ETF 2.16% 45,515 $3.7M Reduce -5.4%
IAU iShares Gold Trust 2.01% 81,078 $3.4M Add +3.8%
FNDX Schwab Fndmntl US LRG Co. ETF 1.76% 44,265 $3.0M Reduce -3.0%
IEFA iShares Core MSCI Eafe ETF 1.57% 35,834 $2.7M Add +5.8%
COP Conocophillips 1.52% 20,215 $2.6M Reduce -0.9%
EPD Enterprise Products Partners 1.48% 85,756 $2.5M Add +0.0%
IVV iShares Core S&P 500 ETF 1.47% 4,758 $2.5M Reduce -17.6%
IJH iShares Core S&P Midcap ETF 1.33% 37,262 $2.3M Reduce -1.8%
VEU Vanguard Ftse All-World Ex-U 1.20% 34,804 $2.0M Reduce -3.6%
MSFT Microsoft Corp. 1.13% 4,561 $1.9M Add +1.7%
FNDE Schwab Fndmntl Em MRK Eq ETF 1.11% 68,108 $1.9M Add +41.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.07% 47,800 $1.8M Add +3.6%
SHEL Shell PLC-ADR 1.02% 25,715 $1.7M Reduce -3.5%
SPY SS SPDR S&P 500 ETF Trust-US 1.00% 3,235 $1.7M Reduce -8.5%
RSP Invesco S&P 500 Equal Weight 0.96% 9,586 $1.6M Add +49.2%
PSX Phillips 66 0.93% 9,641 $1.6M Reduce -9.5%
KRE SS SPDR S&P Regional Bank 0.70% 23,743 $1.2M Add +84.5%
FIX Comfort Systems USA Inc. 0.69% 3,664 $1.2M New
USRT iShares Core US REIT ETF 0.67% 21,234 $1.1M Add +468.8%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.65% 5,779 $1.1M Add +0.0%
VYMI Vanguard Int High DVD YLD Inc. 0.62% 15,362 $1.1M New
AVDV Avantis Intl S/C Value ETF 0.61% 15,777 $1.0M New
ABBV Abbvie Inc. 0.59% 5,457 $994K Reduce -3.5%
HD Home Depot Inc. 0.58% 2,570 $986K No change
AMGN Amgen Inc. 0.58% 3,439 $978K Add +1.4%
XLE SS Energy Select Sector 0.57% 10,323 $975K Reduce -21.3%
SMLV SS SPDR US SC Low Vol Idx 0.57% 8,618 $966K Add +5.5%
WMT Walmart Inc. 0.56% 15,750 $948K No change
PRU Prudential Financial Inc. 0.56% 8,035 $943K Add +0.3%
GOOGL Alphabet Inc. Class A 0.54% 6,060 $915K Add +272.9%
SCHY Schwab International DVD ETF 0.51% 35,718 $867K Add +14.9%
IJR iShares Core S&P Small-Cap E 0.50% 7,617 $842K Reduce -0.8%
IBHE iShares Ibonds 2025 H/Y Inc. 0.49% 35,459 $829K New
PAGP Plains GP Holdings LP 0.48% 44,205 $807K Add +0.2%
DAL Delta Air Lines Inc. 0.46% 16,456 $788K Add +5.3%
XOM Exxon Mobil Corp. 0.45% 6,595 $767K Reduce -1.4%
DHR Danaher Corp. 0.43% 2,892 $722K Reduce -0.7%
XOP SS SPDR S&P Og Exp & Prod 0.41% 4,471 $693K Reduce -58.1%
KO The Coca-Cola Co. 0.40% 11,220 $686K Reduce -0.5%
ARLP Alliance Resource Partners 0.40% 33,558 $673K No change
RTX RTX Corp. 0.39% 6,849 $668K Add +51.1%
PWR Quanta Services Inc. 0.39% 2,528 $657K Reduce -34.2%
BP BP PLC-Spons ADR 0.37% 16,860 $635K Reduce -2.9%
SPYV SS SPDR P S&P 500 Value ETF 0.33% 11,295 $566K Reduce -28.8%
DVN Devon Energy Corp. 0.33% 11,266 $565K Reduce -16.4%
VST Vistra Corp. 0.33% 7,972 $555K Reduce -38.3%
BOKF Bok Financial Corporation 0.33% 6,022 $554K No change
CVX Chevron Corp. 0.33% 3,511 $554K Reduce -6.3%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 1,305 $549K No change
LLY Eli Lilly & Co. 0.32% 703 $547K Reduce -9.6%
KBE SS SPDR S&P Bank ETF 0.32% 11,543 $544K New
LNC Lincoln National Corp. 0.32% 16,899 $540K Add +41.0%
PATH Uipath Inc. Class A 0.31% 23,564 $534K Add +96.4%
PEP Pepsico Inc. 0.31% 3,050 $534K Reduce -6.6%
BMY Bristol-Myers Squibb Co. 0.30% 9,355 $507K Add +27.6%
JPM JPMorgan Chase & Co. 0.30% 2,529 $507K Reduce -12.9%
QQQ Invesco QQQ Trust Series 1 0.30% 1,135 $505K No change
VZ Verizon Communications Inc. 0.30% 12,012 $504K Add +0.1%
XME SS SPDR S&P Metals Mining 0.29% 8,210 $495K New
VDE Vanguard Energy ETF 0.28% 3,606 $475K Add +0.0%
T AT&T Inc. 0.28% 26,783 $471K Reduce -5.9%
ABT Abbott Laboratories 0.28% 4,114 $468K Reduce -4.6%
CSCO Cisco Systems Inc. 0.27% 9,200 $459K No change
KHC The Kraft Heinz Co. 0.27% 12,394 $457K No change
SPHD Invesco S&P 500 High Dividen 0.27% 10,280 $456K New
OGE Oge Energy Corp. 0.27% 13,139 $451K No change
DIVO Amplify CWP Enhan Divid ETF 0.26% 11,262 $438K Add +4.4%
WFC Wells Fargo & Co. 0.25% 7,400 $429K No change
IP International Paper Co. 0.25% 10,989 $429K Reduce -14.1%
C Citigroup Inc. 0.25% 6,600 $417K No change
ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 0.24% 6,273 $410K Add +11.0%
PG The Procter & Gamble Co. 0.23% 2,446 $397K No change
EFAV iShares MSCI Eafe Min Vol Fa 0.21% 5,068 $359K Add +5.8%
XLF SS Financial Select Sector 0.21% 8,300 $350K No change
LYB Lyondellbasell Indu Class A 0.20% 3,327 $340K Add +0.5%
FISV Fiserv Inc. 0.20% 2,109 $337K Reduce -33.8%
TECK Teck Resources Ltd.-CLS B 0.19% 7,089 $325K Reduce -15.7%
XLB SS Materials Select Sector 0.19% 3,488 $324K New
MO Altria Group Inc. 0.19% 5,797 $323K No change
GE General Electric 0.18% 1,771 $311K No change
KEY Keycorp 0.18% 19,600 $310K Reduce -25.3%
XRT SS SPDR S&P Retail ETF 0.18% 3,832 $303K New
CLX Clorox Company 0.17% 1,900 $291K No change
VTI VG Morningstar TS MKT ETF-US 0.17% 1,098 $285K No change
MA Mastercard Inc. Class A 0.17% 585 $282K Reduce -14.3%
EMR Emerson Electric Co. 0.17% 2,475 $281K No change
DFAE Dimensional Emerging Core Eq 0.16% 11,213 $277K New

Show all 119 holdings

Portfolio Sells Q4 2023 → Q1 2024
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -59.0% 3.05% −4.53
IDV iShares International Select Reduce -17.2% 4.01% −1.11
AAPL Apple Inc. Reduce -3.2% 3.39% −0.77
XOP SS SPDR S&P Og Exp & Prod Reduce -58.1% 0.41% −0.50
GDX Vaneck Gold Miners ETF Sold out 0.00% −0.37
AR Antero Resources Corp. Sold out 0.00% −0.35
HDV iShares Core High Dividend E Reduce -10.0% 3.73% −0.33
OEC Orion SA Sold out 0.00% −0.28
IVV iShares Core S&P 500 ETF Reduce -17.6% 1.47% −0.25
NOG Northern Oil and Gas Inc. Sold out 0.00% −0.24
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.21
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.19
DFAI Dimensional International Co. Reduce -3.3% 4.08% −0.15
MRO Marathon Oil Corp. Sold out 0.00% −0.14
AZN Astrazeneca PLC-Spons ADR Sold out 0.00% −0.13
PWR Quanta Services Inc. Reduce -34.2% 0.39% −0.13
SPYV SS SPDR P S&P 500 Value ETF Reduce -28.8% 0.33% −0.13
SCHD Schwab US DVD Equity ETF Reduce -5.4% 2.16% −0.12
DFAU Dimensional US Core Equity M Reduce -6.7% 3.71% −0.12
XLE SS Energy Select Sector Reduce -21.3% 0.57% −0.11
SHEL Shell PLC-ADR Reduce -3.5% 1.02% −0.08
QCOM Qualcomm Inc. Reduce -41.5% 0.13% −0.07
DIA SS SPDR Dow Jones Indus Avg Reduce -1.9% 3.09% −0.07
FISV Fiserv Inc. Reduce -33.8% 0.20% −0.07
VEU Vanguard Ftse All-World Ex-U Reduce -3.6% 1.20% −0.06
HPE Hewlett Packard Enterprise Reduce -30.3% 0.13% −0.06
KEY Keycorp Reduce -25.3% 0.18% −0.05
SPY SS SPDR S&P 500 ETF Trust-US Reduce -8.5% 1.00% −0.05
DVN Devon Energy Corp. Reduce -16.4% 0.33% −0.05
VNQ Vanguard Real Estate ETF Reduce -16.5% 0.15% −0.05
IP International Paper Co. Reduce -14.1% 0.25% −0.04
PEP Pepsico Inc. Reduce -6.6% 0.31% −0.03
TECK Teck Resources Ltd.-CLS B Reduce -15.7% 0.19% −0.03
GOOG Alphabet Inc. Class C Reduce -20.5% 0.12% −0.03
IJR iShares Core S&P Small-Cap E Reduce -0.8% 0.50% −0.02
CVX Chevron Corp. Reduce -6.3% 0.33% −0.02
ABT Abbott Laboratories Reduce -4.6% 0.28% −0.02
T AT&T Inc. Reduce -5.9% 0.28% −0.02
MA Mastercard Inc. Class A Reduce -14.3% 0.17% −0.02
ORI Old Republic Intl Corp. Reduce -6.2% 0.15% −0.01
KO The Coca-Cola Co. Reduce -0.5% 0.40% −0.01
JPM JPMorgan Chase & Co. Reduce -12.9% 0.30% −0.01
BP BP PLC-Spons ADR Reduce -2.9% 0.37% −0.01
RPM RPM International Inc. Reduce -6.3% 0.15% −0.01
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -3.0% 1.76% −0.00
VLUE iShares MSCI USA Value Facto Reduce -0.4% 0.16% +0.00
DHR Danaher Corp. Reduce -0.7% 0.43% +0.01
VST Vistra Corp. Reduce -38.3% 0.33% +0.02
OKE Oneok Inc. Reduce -6.8% 3.37% +0.02
IJH iShares Core S&P Midcap ETF Reduce -1.8% 1.33% +0.02

Portfolio Buys Q4 2023 → Q1 2024
AVUV Avantis US Small Cap Value Add +23.6% 7.29% +1.31
FIX Comfort Systems USA Inc. New 0.69% +0.69
VYMI Vanguard Int High DVD YLD Inc. New 0.62% +0.62
AVDV Avantis Intl S/C Value ETF New 0.61% +0.61
DFIV Dimensional International Va Add +9.7% 5.66% +0.56
USRT iShares Core US REIT ETF Add +468.8% 0.67% +0.55
GLD SPDR Gold Shares Add +23.7% 2.52% +0.52
IBHE iShares Ibonds 2025 H/Y Inc. New 0.49% +0.49
AMLP Alerian MLP ETF Add +7.2% 4.03% +0.47
GOOGL Alphabet Inc. Class A Add +272.9% 0.54% +0.40
RSP Invesco S&P 500 Equal Weight Add +49.2% 0.96% +0.33
KBE SS SPDR S&P Bank ETF New 0.32% +0.32
FNDE Schwab Fndmntl Em MRK Eq ETF Add +41.6% 1.11% +0.30
XME SS SPDR S&P Metals Mining New 0.29% +0.29
KRE SS SPDR S&P Regional Bank Add +84.5% 0.70% +0.28
SPHD Invesco S&P 500 High Dividen New 0.27% +0.27
XLB SS Materials Select Sector New 0.19% +0.19
XRT SS SPDR S&P Retail ETF New 0.18% +0.18
DFAE Dimensional Emerging Core Eq New 0.16% +0.16
MPC Marathon Petroleum Corp. New 0.16% +0.16
RTX RTX Corp. Add +51.1% 0.39% +0.16
LVS Las Vegas Sands Corp. New 0.14% +0.14
AXP American Express Co. New 0.13% +0.13
XYZ Block Inc. New 0.13% +0.13
PATH Uipath Inc. Class A Add +96.4% 0.31% +0.13
DES Wisdomtree US Smallcap Divid New 0.13% +0.13
MRK Merck & Co. Inc. New 0.12% +0.12
LNC Lincoln National Corp. Add +41.0% 0.32% +0.12
IAU iShares Gold Trust Add +3.8% 2.01% +0.11
XSHD Invesco S&P Smallcap High Di New 0.10% +0.10
BAC Bank of America Corp. Add +3.6% 1.07% +0.10
IEFA iShares Core MSCI Eafe ETF Add +5.8% 1.57% +0.08
MSFT Microsoft Corp. Add +1.7% 1.13% +0.08
DAL Delta Air Lines Inc. Add +5.3% 0.46% +0.07
EPD Enterprise Products Partners Add +0.0% 1.48% +0.07
BMY Bristol-Myers Squibb Co. Add +27.6% 0.30% +0.06
IBM Intl Business Machines Corp. Add +0.0% 0.65% +0.06
PRU Prudential Financial Inc. Add +0.3% 0.56% +0.04
PAGP Plains GP Holdings LP Add +0.2% 0.48% +0.04
SCHY Schwab International DVD ETF Add +14.9% 0.51% +0.03
VDE Vanguard Energy ETF Add +0.0% 0.28% +0.02
VZ Verizon Communications Inc. Add +0.1% 0.30% +0.02
DIVO Amplify CWP Enhan Divid ETF Add +4.4% 0.26% +0.01
EFAV iShares MSCI Eafe Min Vol Fa Add +5.8% 0.21% +0.00
LYB Lyondellbasell Indu Class A Add +0.5% 0.20% +0.00
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) New 0.00% +0.00
SMLV SS SPDR US SC Low Vol Idx Add +5.5% 0.57% −0.00
SGOV iShares 0-3 Month Treasury B Add +5.0% 2.57% −0.01
ZM Zoom Communications Inc. Add +11.0% 0.24% −0.01
AMGN Amgen Inc. Add +1.4% 0.58% −0.03

Notes & Other Activity Q4 2023 → Q1 2024
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal Sold out 17,000 $4Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 178$369.4MIBHF, AVUV, FIX, DFIV, IBDX
Q1 2026 155$343.7MIBHF, AVUV, DFIV, IBDX, FIX
Q4 2025 152$328.6MAVUV, IBHF, IBDR, DFIV, IBDX
Q3 2025 137$282.5MAVUV, DFIV, IBHF, FIX, FNDE
Q2 2025 131$262.6MAVUV, DFIV, IBHF, IBDR, FNDE
Q1 2025 125$234.1MDFIV, AVUV, IBHF, AAPL, IBDR
Q4 2024 119$205.0MAVUV, DFIV, AAPL, SPYD, IBHF
Q3 2024 128$210.0MAVUV, DFIV, IDV, AAPL, SPYD
Q2 2024 126$187.4MAVUV, DFIV, SPYD, IDV, AAPL
Q1 2024 119$169.7MAVUV, DFIV, DFAI, AMLP, IDV