Cowa, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Cowa, LLC reported 126 stock positions worth $187.4 million. Its top holding was Avantis US Small Cap Value (AVUV) at 6.6% of the portfolio, followed by Dimensional International Va (DFIV, 6.2%) and SS SPDR P S&P 500 Hi Div ETF (SPYD, 5.4%). Compared with Q1 2024, it opened 18 new positions, sold out of 11, added to 47 and reduced 39. The biggest buy was SS SPDR P S&P 500 Hi Div ETF (SPYD, shares +99%) and the biggest sale SPDR Gold Shares (GLD, shares −23%).

Most Recent 13F
Q2 2026
Location
Tulsa, OK
CIK
0001844480
Portfolio Value
$187.4M (Q2 2024)
SEC Filing
0001172661-24-003258 ↗ filed Aug 12, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $169.7M Q1 2024 Q2 2024: $187.4M $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 126 stocks · $187.4M
AVUV Avantis US Small Cap Value 6.65% 138,942 $12.5M Add +5.3%
DFIV Dimensional International Va 6.24% 325,662 $11.7M Add +24.7%
SPYD SS SPDR P S&P 500 Hi Div ETF 5.42% 252,970 $10.2M Add +99.0%
IDV iShares International Select 4.36% 295,620 $8.2M Add +21.8%
AAPL Apple Inc. 4.08% 36,298 $7.7M Add +8.1%
AMLP Alerian MLP ETF 3.62% 141,407 $6.8M Reduce -1.7%
DFAI Dimensional International Co. 3.59% 226,820 $6.7M Reduce -1.1%
DFAU Dimensional US Core Equity M 3.38% 168,998 $6.3M Reduce -1.9%
HDV iShares Core High Dividend E 3.38% 58,197 $6.3M Add +1.4%
OKE Oneok Inc. 2.79% 64,243 $5.2M Reduce -10.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 2.72% 13,038 $5.1M Reduce -0.9%
SGOV iShares 0-3 Month Treasury B 2.21% 41,300 $4.1M Reduce -4.6%
GLD SPDR Gold Shares 1.85% 16,103 $3.5M Reduce -22.6%
IBDR iShares Ibonds Dec 2026 Term 1.68% 131,817 $3.1M New
SCHD Schwab US DVD Equity ETF 1.64% 39,428 $3.1M Reduce -13.4%
IBHF iShares Ibond 2026 HY & Inc. 1.62% 132,889 $3.0M New
RSP Invesco S&P 500 Equal Weight 1.61% 28,097 $3.0M Add +193.1%
IEFA iShares Core MSCI Eafe ETF 1.56% 40,286 $2.9M Add +12.4%
IAU iShares Gold Trust 1.47% 62,582 $2.7M Reduce -22.8%
IVV iShares Core S&P 500 ETF 1.36% 4,649 $2.5M Reduce -2.3%
EPD Enterprise Products Partners 1.33% 85,769 $2.5M Add +0.0%
FNDX Schwab Fndmntl US LRG Co. ETF 1.26% 35,198 $2.4M Reduce -20.5%
FNDE Schwab Fndmntl Em MRK Eq ETF 1.24% 78,495 $2.3M Add +15.3%
FIX Comfort Systems USA Inc. 1.21% 7,465 $2.3M Add +103.7%
COP Conocophillips 1.21% 19,840 $2.3M Reduce -1.9%
IJH iShares Core S&P Midcap ETF 1.20% 38,512 $2.3M Add +3.4%
MSFT Microsoft Corp. 1.10% 4,604 $2.1M Add +0.9%
VEU Vanguard Ftse All-World Ex-U 1.09% 34,817 $2.0M Add +0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.01% 47,508 $1.9M Reduce -0.6%
IBHE iShares Ibonds 2025 H/Y Inc. 0.97% 78,384 $1.8M Add +121.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.94% 3,235 $1.8M No change
XLE SS Energy Select Sector 0.80% 16,395 $1.5M Add +58.8%
SHEL Shell PLC-ADR 0.76% 19,622 $1.4M Reduce -23.7%
VYMI Vanguard Int High DVD YLD Inc. 0.68% 18,717 $1.3M Add +21.8%
KRE SS SPDR S&P Regional Bank 0.68% 25,838 $1.3M Add +8.8%
AVDV Avantis Intl S/C Value ETF 0.61% 17,619 $1.1M Add +11.7%
PSX Phillips 66 0.61% 8,020 $1.1M Reduce -16.8%
USRT iShares Core US REIT ETF 0.59% 20,655 $1.1M Reduce -2.7%
AMGN Amgen Inc. 0.54% 3,228 $1.0M Reduce -6.1%
XOM Exxon Mobil Corp. 0.50% 8,159 $939K Add +23.7%
ABBV Abbvie Inc. 0.50% 5,457 $936K No change
PRU Prudential Financial Inc. 0.49% 7,860 $921K Reduce -2.2%
SMLV SS SPDR US SC Low Vol Idx 0.49% 8,369 $921K Reduce -2.9%
HD Home Depot Inc. 0.48% 2,630 $905K Add +2.3%
T AT&T Inc. 0.47% 45,760 $874K Add +70.8%
IJR iShares Core S&P Small-Cap E 0.46% 8,084 $862K Add +6.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.46% 4,979 $861K Reduce -13.8%
SCHY Schwab International DVD ETF 0.44% 35,367 $834K Reduce -1.0%
PAGP Plains GP Holdings LP 0.44% 44,292 $834K Add +0.2%
WMT Walmart Inc. 0.44% 12,168 $824K Reduce -22.7%
ARLP Alliance Resource Partners 0.44% 33,558 $821K No change
KO The Coca-Cola Co. 0.38% 11,233 $715K Add +0.1%
PWR Quanta Services Inc. 0.37% 2,731 $694K Add +8.0%
DHR Danaher Corp. 0.37% 2,742 $685K Reduce -5.2%
XOP SS SPDR S&P Og Exp & Prod 0.35% 4,471 $650K No change
XRT SS SPDR S&P Retail ETF 0.34% 8,507 $638K Add +122.0%
LLY Eli Lilly & Co. 0.34% 703 $636K No change
DVN Devon Energy Corp. 0.33% 13,133 $622K Add +16.6%
XLRE SS Real Estate Select Sector 0.33% 16,162 $621K New
BP BP PLC-Spons ADR 0.33% 16,960 $612K Add +0.6%
KBE SS SPDR S&P Bank ETF 0.32% 12,919 $599K Add +11.9%
CVX Chevron Corp. 0.32% 3,811 $596K Add +8.5%
IP International Paper Co. 0.30% 13,043 $563K Add +18.7%
BOKF Bok Financial Corporation 0.29% 6,022 $552K No change
SPYV SS SPDR P S&P 500 Value ETF 0.29% 11,295 $551K No change
GOOGL Alphabet Inc. Class A 0.29% 2,957 $539K Reduce -51.2%
BRK.B Berkshire Hathaway Inc. Class B 0.28% 1,305 $531K No change
LNC Lincoln National Corp. 0.28% 17,036 $530K Add +0.8%
JPM JPMorgan Chase & Co. 0.27% 2,529 $512K No change
SPHD Invesco S&P 500 High Dividen 0.27% 11,397 $506K Add +10.9%
PEP Pepsico Inc. 0.27% 3,050 $503K No change
DAL Delta Air Lines Inc. 0.26% 10,273 $487K Reduce -37.6%
XME SS SPDR S&P Metals Mining 0.26% 8,188 $486K Reduce -0.3%
VZ Verizon Communications Inc. 0.26% 11,703 $483K Reduce -2.6%
CSCO Cisco Systems Inc. 0.25% 9,700 $461K Add +5.4%
DIVO Amplify CWP Enhan Divid ETF 0.24% 11,804 $457K Add +4.8%
RTX RTX Corp. 0.24% 4,433 $445K Reduce -35.3%
VDE Vanguard Energy ETF 0.24% 3,464 $442K Reduce -3.9%
PG The Procter & Gamble Co. 0.23% 2,646 $436K Add +8.2%
WFC Wells Fargo & Co. 0.23% 7,300 $434K Reduce -1.4%
VST Vistra Corp. 0.23% 5,008 $431K Reduce -37.2%
DFAE Dimensional Emerging Core Eq 0.23% 16,534 $428K Add +47.5%
ABT Abbott Laboratories 0.23% 4,114 $427K No change
C Citigroup Inc. 0.22% 6,610 $419K Add +0.1%
BMY Bristol-Myers Squibb Co. 0.22% 9,905 $411K Add +5.9%
KHC The Kraft Heinz Co. 0.21% 12,428 $400K Add +0.3%
OGE Oge Energy Corp. 0.21% 10,782 $385K Reduce -17.9%
F Ford Motor Co. filed as FORD MTR CO DEL 0.19% 28,595 $359K New
WMB Williams Cos Inc. 0.18% 6,997 $342K New
XLF SS Financial Select Sector 0.18% 8,300 $341K No change
PATH Uipath Inc. Class A 0.17% 25,563 $324K Add +8.5%
ZM Zoom Communications Inc. filed as ZOOM VIDEO COMMUNICATIONS IN 0.17% 5,465 $323K Reduce -12.9%
LYB Lyondellbasell Indu Class A 0.16% 3,228 $309K Reduce -3.0%
FISV Fiserv Inc. 0.16% 2,071 $309K Reduce -1.8%
SYLD Cambria Shareholder Yield Et 0.16% 4,397 $300K New
EFAV iShares MSCI Eafe Min Vol Fa 0.16% 4,249 $295K Reduce -16.2%
VTI VG Morningstar TS MKT ETF-US 0.16% 1,098 $294K No change
GE General Electric filed as GE AEROSPACE 0.15% 1,771 $282K No change
CFG Citizens Financial Group 0.15% 7,648 $276K New
EMR Emerson Electric Co. 0.15% 2,475 $273K No change
LNT Alliant Energy Corp. 0.14% 5,288 $269K New
INNOVATOR IBD 50 ETF 0.14% 9,583 $266K New
MO Altria Group Inc. 0.14% 5,797 $264K No change
CLX Clorox Company 0.14% 1,900 $259K No change
MA Mastercard Inc. Class A 0.14% 585 $258K No change
ORI Old Republic Intl Corp. 0.14% 8,315 $257K Add +0.9%
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.14% 5,674 $256K New
VNQ Vanguard Real Estate ETF 0.14% 3,060 $256K Add +1.4%
HPE Hewlett Packard Enterprise 0.14% 12,000 $254K Reduce -2.4%
APA Apa Corp. 0.14% 8,600 $253K Add +17.8%
DES Wisdomtree US Smallcap Divid 0.13% 7,909 $246K Add +19.1%
MRK Merck & Co. Inc. 0.13% 1,957 $244K Add +25.7%
JXI iShares Global Utilities ETF 0.13% 4,000 $239K New
PFE Pfizer Inc. 0.12% 8,278 $232K New
VHT Vanguard Health Care ETF 0.12% 850 $226K New
AXP American Express Co. 0.12% 975 $226K No change
RCL Royal Caribbean Cruises Ltd. 0.12% 1,400 $223K New
RPM RPM International Inc. 0.12% 2,049 $221K Reduce -2.1%
TXN Texas Instruments Inc. 0.12% 1,125 $219K New
ITW Illinois Tool Works 0.11% 908 $215K No change
KEY Keycorp 0.11% 15,000 $213K Reduce -23.5%
EDIV State Street SPDR S&P Emergi 0.11% 5,966 $211K New
ENB Enbridge Inc. 0.11% 5,902 $210K New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.11% 829 $207K New
CNH CNH Industrial NV 0.05% 10,000 $101K No change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) 0.00% 17,000 $5K No change

Portfolio Sells Q1 2024 → Q2 2024
GLD SPDR Gold Shares Reduce -22.6% 1.85% −0.68
OKE Oneok Inc. Reduce -10.0% 2.79% −0.58
IAU iShares Gold Trust Reduce -22.8% 1.47% −0.54
SCHD Schwab US DVD Equity ETF Reduce -13.4% 1.64% −0.53
FNDX Schwab Fndmntl US LRG Co. ETF Reduce -20.5% 1.26% −0.50
DFAI Dimensional International Co. Reduce -1.1% 3.59% −0.49
AMLP Alerian MLP ETF Reduce -1.7% 3.62% −0.41
DIA SS SPDR Dow Jones Indus Avg Reduce -0.9% 2.72% −0.37
SGOV iShares 0-3 Month Treasury B Reduce -4.6% 2.21% −0.36
DFAU Dimensional US Core Equity M Reduce -1.9% 3.38% −0.33
PSX Phillips 66 Reduce -16.8% 0.61% −0.32
COP Conocophillips Reduce -1.9% 1.21% −0.31
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −0.30
SHEL Shell PLC-ADR Reduce -23.7% 0.76% −0.26
GOOGL Alphabet Inc. Class A Reduce -51.2% 0.29% −0.25
DAL Delta Air Lines Inc. Reduce -37.6% 0.26% −0.20
TECK Teck Resources Ltd.-CLS B Sold out 0.00% −0.19
IBM Intl Business Machines Corp. Reduce -13.8% 0.46% −0.19
XLB SS Materials Select Sector Sold out 0.00% −0.19
MPC Marathon Petroleum Corp. Sold out 0.00% −0.16
RTX RTX Corp. Reduce -35.3% 0.24% −0.16
VLUE iShares MSCI USA Value Facto Sold out 0.00% −0.16
LVS Las Vegas Sands Corp. Sold out 0.00% −0.14
QCOM Qualcomm Inc. Sold out 0.00% −0.13
XYZ Block Inc. Sold out 0.00% −0.13
DE Deere & Co. Sold out 0.00% −0.13
GOOG Alphabet Inc. Class C Sold out 0.00% −0.12
WMT Walmart Inc. Reduce -22.7% 0.44% −0.12
IVV iShares Core S&P 500 ETF Reduce -2.3% 1.36% −0.12
XSHD Invesco S&P Smallcap High Di Sold out 0.00% −0.10
VST Vistra Corp. Reduce -37.2% 0.23% −0.10
USRT iShares Core US REIT ETF Reduce -2.7% 0.59% −0.08
SMLV SS SPDR US SC Low Vol Idx Reduce -2.9% 0.49% −0.08
ZM Zoom Communications Inc. Reduce -12.9% 0.17% −0.07
KEY Keycorp Reduce -23.5% 0.11% −0.07
SCHY Schwab International DVD ETF Reduce -1.0% 0.44% −0.07
PRU Prudential Financial Inc. Reduce -2.2% 0.49% −0.06
BAC Bank of America Corp. Reduce -0.6% 1.01% −0.06
OGE Oge Energy Corp. Reduce -17.9% 0.21% −0.06
DHR Danaher Corp. Reduce -5.2% 0.37% −0.06
EFAV iShares MSCI Eafe Min Vol Fa Reduce -16.2% 0.16% −0.05
VDE Vanguard Energy ETF Reduce -3.9% 0.24% −0.04
VZ Verizon Communications Inc. Reduce -2.6% 0.26% −0.04
AMGN Amgen Inc. Reduce -6.1% 0.54% −0.04
LYB Lyondellbasell Indu Class A Reduce -3.0% 0.16% −0.04
FISV Fiserv Inc. Reduce -1.8% 0.16% −0.03
XME SS SPDR S&P Metals Mining Reduce -0.3% 0.26% −0.03
RPM RPM International Inc. Reduce -2.1% 0.12% −0.03
WFC Wells Fargo & Co. Reduce -1.4% 0.23% −0.02
HPE Hewlett Packard Enterprise Reduce -2.4% 0.14% +0.01

Portfolio Buys Q1 2024 → Q2 2024
SPYD SS SPDR P S&P 500 Hi Div ETF Add +99.0% 5.42% +2.37
IBDR iShares Ibonds Dec 2026 Term New 1.68% +1.68
IBHF iShares Ibond 2026 HY & Inc. New 1.62% +1.62
AAPL Apple Inc. Add +8.1% 4.08% +0.69
RSP Invesco S&P 500 Equal Weight Add +193.1% 1.61% +0.65
DFIV Dimensional International Va Add +24.7% 6.24% +0.59
FIX Comfort Systems USA Inc. Add +103.7% 1.21% +0.53
IBHE iShares Ibonds 2025 H/Y Inc. Add +121.1% 0.97% +0.48
IDV iShares International Select Add +21.8% 4.36% +0.35
XLRE SS Real Estate Select Sector New 0.33% +0.33
XLE SS Energy Select Sector Add +58.8% 0.80% +0.22
F Ford Motor Co. New 0.19% +0.19
T AT&T Inc. Add +70.8% 0.47% +0.19
WMB Williams Cos Inc. New 0.18% +0.18
XRT SS SPDR S&P Retail ETF Add +122.0% 0.34% +0.16
SYLD Cambria Shareholder Yield Et New 0.16% +0.16
CFG Citizens Financial Group New 0.15% +0.15
LNT Alliant Energy Corp. New 0.14% +0.14
INNOVATOR IBD 50 ETF New 0.14% +0.14
CPB The Campbell's Company New 0.14% +0.14
JXI iShares Global Utilities ETF New 0.13% +0.13
FNDE Schwab Fndmntl Em MRK Eq ETF Add +15.3% 1.24% +0.12
PFE Pfizer Inc. New 0.12% +0.12
VHT Vanguard Health Care ETF New 0.12% +0.12
RCL Royal Caribbean Cruises Ltd. New 0.12% +0.12
TXN Texas Instruments Inc. New 0.12% +0.12
EDIV State Street SPDR S&P Emergi New 0.11% +0.11
ENB Enbridge Inc. New 0.11% +0.11
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.11% +0.11
DFAE Dimensional Emerging Core Eq Add +47.5% 0.23% +0.06
VYMI Vanguard Int High DVD YLD Inc. Add +21.8% 0.68% +0.06
XOM Exxon Mobil Corp. Add +23.7% 0.50% +0.05
IP International Paper Co. Add +18.7% 0.30% +0.05
MRK Merck & Co. Inc. Add +25.7% 0.13% +0.01
DES Wisdomtree US Smallcap Divid Add +19.1% 0.13% +0.00
SPHD Invesco S&P 500 High Dividen Add +10.9% 0.27% +0.00
KBE SS SPDR S&P Bank ETF Add +11.9% 0.32% −0.00
DVN Devon Energy Corp. Add +16.6% 0.33% −0.00
PG The Procter & Gamble Co. Add +8.2% 0.23% −0.00
AVDV Avantis Intl S/C Value ETF Add +11.7% 0.61% −0.00
IEFA iShares Core MSCI Eafe ETF Add +12.4% 1.56% −0.01
CVX Chevron Corp. Add +8.5% 0.32% −0.01
ORI Old Republic Intl Corp. Add +0.9% 0.14% −0.01
APA Apa Corp. Add +17.8% 0.14% −0.01
DIVO Amplify CWP Enhan Divid ETF Add +4.8% 0.24% −0.01
PWR Quanta Services Inc. Add +8.0% 0.37% −0.02
VNQ Vanguard Real Estate ETF Add +1.4% 0.14% −0.02
C Citigroup Inc. Add +0.1% 0.22% −0.02
KO The Coca-Cola Co. Add +0.1% 0.38% −0.02
CSCO Cisco Systems Inc. Add +5.4% 0.25% −0.02

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