Cowa, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 1, 2024), Cowa, LLC reported 128 stock positions worth $210.0 million. Its top holding was Avantis US Small Cap Value (AVUV) at 7.7% of the portfolio, followed by Dimensional International Va (DFIV, 7.1%) and iShares International Select (IDV, 4.2%). Compared with Q2 2024, it opened 13 new positions, sold out of 11, added to 47 and reduced 39. The biggest buy was iShares Ibond 2026 HY & (IBHF, shares +101%) and the biggest sale SS SPDR P S&P 500 Hi Div ETF (SPYD, shares −26%).

Most Recent 13F
Q2 2026
Location
Tulsa, OK
CIK
0001844480
Portfolio Value
$210.0M (Q3 2024)
SEC Filing
0001172661-24-004448 ↗ filed Nov 1, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $169.7M Q1 2024 Q2 2024: $187.4M Q2 2024 Q3 2024: $210.0M $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 128 stocks · $210.0M
AVUV Avantis US Small Cap Value 7.70% 168,221 $16.2M Add +21.1%
DFIV Dimensional International Va 7.08% 390,394 $14.9M Add +19.9%
IDV iShares International Select 4.15% 288,551 $8.7M Reduce -2.4%
AAPL Apple Inc. 4.13% 37,259 $8.7M Add +2.6%
SPYD SS SPDR P S&P 500 Hi Div ETF 4.08% 187,594 $8.6M Reduce -25.8%
AMLP Alerian MLP ETF 3.27% 145,872 $6.9M Add +3.2%
IBHF iShares Ibond 2026 HY & Inc. 2.97% 266,801 $6.2M Add +100.8%
HDV iShares Core High Dividend E 2.95% 52,673 $6.2M Reduce -9.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 2.62% 12,988 $5.5M Reduce -0.4%
OKE Oneok Inc. 2.56% 59,093 $5.4M Reduce -8.0%
DFAI Dimensional International Co. 2.36% 156,283 $5.0M Reduce -31.1%
FNDX Schwab Fndmntl US LRG Co. ETF 2.33% 68,133 $4.9M Add +93.6%
GLD SPDR Gold Shares 2.30% 19,907 $4.8M Add +23.6%
DFAU Dimensional US Core Equity M 2.05% 108,485 $4.3M Reduce -35.8%
FNDE Schwab Fndmntl Em MRK Eq ETF 2.02% 131,684 $4.3M Add +67.8%
SGOV iShares 0-3 Month Treasury B 1.85% 38,570 $3.9M Reduce -6.6%
SCHD Schwab US DVD Equity ETF 1.61% 39,917 $3.4M Add +1.2%
IBHE iShares Ibonds 2025 H/Y Inc. 1.47% 132,439 $3.1M Add +69.0%
IEFA iShares Core MSCI Eafe ETF 1.42% 38,169 $3.0M Reduce -5.3%
IAU iShares Gold Trust 1.38% 58,357 $2.9M Reduce -6.8%
IVV iShares Core S&P 500 ETF 1.33% 4,858 $2.8M Add +4.5%
IBDQ iShares Ibonds Dec 2025 Term 1.28% 106,882 $2.7M New
EPD Enterprise Products Partners 1.19% 85,782 $2.5M Add +0.0%
FIX Comfort Systems USA Inc. 1.19% 6,376 $2.5M Reduce -14.6%
RSP Invesco S&P 500 Equal Weight 1.14% 13,383 $2.4M Reduce -52.4%
IJR iShares Core S&P Small-Cap E 1.13% 20,332 $2.4M Add +151.5%
AVDV Avantis Intl S/C Value ETF 1.06% 31,399 $2.2M Add +78.2%
VEU Vanguard Ftse All-World Ex-U 1.04% 34,603 $2.2M Reduce -0.6%
COP Conocophillips 1.00% 19,995 $2.1M Add +0.8%
IJH iShares Core S&P Midcap ETF 0.92% 31,160 $1.9M Reduce -19.1%
IBDU iShares Ibonds Dec 2029 Term 0.89% 79,644 $1.9M New
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.89% 46,898 $1.9M Reduce -1.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.85% 3,098 $1.8M Reduce -4.2%
VYMI Vanguard Int High DVD YLD Inc. 0.79% 22,531 $1.7M Add +20.4%
USRT iShares Core US REIT ETF 0.70% 23,951 $1.5M Add +16.0%
KRE SS SPDR S&P Regional Bank 0.69% 25,757 $1.5M Reduce -0.3%
MSFT Microsoft Corp. 0.68% 3,304 $1.4M Reduce -28.2%
SHEL Shell PLC-ADR 0.62% 19,697 $1.3M Add +0.4%
IBDR iShares Ibonds Dec 2026 Term 0.56% 48,465 $1.2M Reduce -63.2%
WMT Walmart Inc. 0.53% 13,900 $1.1M Add +14.2%
IBTJ iShares Ibonds Dec 2029 Term 0.53% 50,561 $1.1M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.52% 4,980 $1.1M Add +0.0%
T AT&T Inc. 0.52% 49,648 $1.1M Add +8.5%
ABBV Abbvie Inc. 0.51% 5,457 $1.1M No change
PSX Phillips 66 0.51% 8,098 $1.1M Add +1.0%
AMGN Amgen Inc. 0.50% 3,238 $1.0M Add +0.3%
PRU Prudential Financial Inc. 0.45% 7,886 $955K Add +0.3%
SMLV SS SPDR US SC Low Vol Idx 0.44% 7,495 $931K Reduce -10.4%
HD Home Depot Inc. 0.43% 2,230 $904K Reduce -15.2%
SCHY Schwab International DVD ETF 0.42% 33,963 $889K Reduce -4.0%
XOM Exxon Mobil Corp. 0.42% 7,509 $880K Reduce -8.0%
GOOGL Alphabet Inc. Class A 0.40% 5,059 $839K Add +71.1%
ARLP Alliance Resource Partners 0.40% 33,558 $839K No change
XLE SS Energy Select Sector 0.39% 9,398 $825K Reduce -42.7%
PAGP Plains GP Holdings LP 0.39% 44,379 $821K Add +0.2%
PWR Quanta Services Inc. 0.39% 2,731 $814K No change
AGG iShares Core U.S. Aggregate 0.38% 7,920 $802K New
KO The Coca-Cola Co. 0.38% 11,019 $792K Reduce -1.9%
DHR Danaher Corp. 0.36% 2,742 $762K No change
KBE SS SPDR S&P Bank ETF 0.33% 12,919 $683K No change
EWJ iShares MSCI Japan ETF 0.32% 9,362 $670K New
INNOVATOR IBD 50 ETF 0.32% 24,763 $666K Add +158.4%
SPHD Invesco S&P 500 High Dividen 0.31% 12,858 $650K Add +12.8%
IP International Paper Co. 0.30% 13,094 $640K Add +0.4%
XLRE SS Real Estate Select Sector 0.30% 14,286 $638K Reduce -11.6%
BOKF Bok Financial Corporation 0.30% 6,022 $630K No change
BRK.B Berkshire Hathaway Inc. Class B 0.30% 1,365 $628K Add +4.6%
LLY Eli Lilly & Co. 0.30% 703 $623K No change
BMY Bristol-Myers Squibb Co. 0.29% 11,953 $618K Add +20.7%
LNC Lincoln National Corp. 0.28% 18,949 $597K Add +11.2%
SPYV SS SPDR P S&P 500 Value ETF 0.28% 11,200 $592K Reduce -0.8%
CVX Chevron Corp. 0.27% 3,813 $561K Add +0.1%
RTX RTX Corp. 0.26% 4,433 $537K No change
VST Vistra Corp. 0.25% 4,513 $535K Reduce -9.9%
JPM JPMorgan Chase & Co. 0.25% 2,529 $533K No change
VZ Verizon Communications Inc. 0.25% 11,768 $528K Add +0.6%
CSCO Cisco Systems Inc. 0.25% 9,810 $522K Add +1.1%
PEP Pepsico Inc. 0.25% 3,050 $519K No change
DIVO Amplify CWP Enhan Divid ETF 0.25% 12,509 $515K Add +6.0%
DVN Devon Energy Corp. 0.24% 13,115 $513K Reduce -0.1%
DFAE Dimensional Emerging Core Eq 0.24% 18,301 $502K Add +10.7%
BP BP PLC-Spons ADR 0.24% 15,910 $499K Reduce -6.2%
ABT Abbott Laboratories 0.22% 4,114 $469K No change
DES Wisdomtree US Smallcap Divid 0.22% 13,521 $466K Add +71.0%
PG The Procter & Gamble Co. 0.22% 2,646 $458K No change
OGE Oge Energy Corp. 0.21% 10,782 $442K No change
KHC The Kraft Heinz Co. 0.21% 12,493 $439K Add +0.5%
C Citigroup Inc. 0.20% 6,610 $414K No change
AES AES Corp. 0.19% 19,806 $397K New
VDE Vanguard Energy ETF 0.18% 3,158 $387K Reduce -8.8%
WFC Wells Fargo & Co. 0.18% 6,800 $384K Reduce -6.8%
FISV Fiserv Inc. 0.18% 2,071 $372K No change
XLF SS Financial Select Sector 0.17% 8,000 $363K Reduce -3.6%
IBDT iShares Ibonds Dec 2028 ETF 0.17% 13,635 $348K New
PATH Uipath Inc. Class A 0.16% 26,681 $342K Add +4.4%
EFAV iShares MSCI Eafe Min Vol Fa 0.16% 4,451 $341K Add +4.8%
GE General Electric filed as GE AEROSPACE 0.16% 1,771 $334K No change
SYLD Cambria Shareholder Yield Et 0.16% 4,597 $333K Add +4.5%
BABA Alibaba Group Holding-SP ADR 0.16% 3,069 $326K New
XOP SS SPDR S&P Og Exp & Prod 0.15% 2,450 $322K Reduce -45.2%
LNT Alliant Energy Corp. 0.15% 5,288 $321K No change
LYB Lyondellbasell Indu Class A 0.15% 3,247 $311K Add +0.6%
VTI VG Morningstar TS MKT ETF-US 0.15% 1,099 $311K Add +0.1%
CLX Clorox Company 0.15% 1,900 $310K No change
ORI Old Republic Intl Corp. 0.14% 8,378 $297K Add +0.8%
MO Altria Group Inc. 0.14% 5,797 $296K No change
CPB The Campbell's Company filed as CAMPBELL SOUP CO 0.13% 5,674 $278K No change
EMR Emerson Electric Co. 0.13% 2,475 $271K No change
AXP American Express Co. 0.13% 975 $264K No change
APA Apa Corp. 0.12% 10,600 $259K Add +23.3%
KEY Keycorp 0.12% 15,000 $251K No change
RCL Royal Caribbean Cruises Ltd. 0.12% 1,400 $248K No change
RPM RPM International Inc. 0.12% 2,049 $248K No change
VOOG Vanguard S&P 500 Growth ETF 0.12% 717 $248K New
ITW Illinois Tool Works 0.11% 908 $238K No change
ADI Analog Devices Inc. 0.11% 1,000 $230K New
WMB Williams Cos Inc. 0.11% 5,015 $229K Reduce -28.3%
EDIV State Street SPDR S&P Emergi 0.11% 6,001 $226K Add +0.6%
HPE Hewlett Packard Enterprise 0.11% 11,000 $225K Reduce -8.3%
DE Deere & Co. 0.11% 535 $223K New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.10% 829 $218K No change
VNQ Vanguard Real Estate ETF 0.10% 2,210 $215K Reduce -27.8%
CINF Cincinnati Financial Corp. 0.10% 1,573 $214K New
NEM Newmont Corp. 0.10% 3,867 $207K New
PFE Pfizer Inc. 0.10% 7,028 $203K Reduce -15.1%
DAL Delta Air Lines Inc. 0.10% 4,000 $203K Reduce -61.1%
CNH CNH Industrial NV 0.05% 10,000 $111K No change
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) 0.00% 17,000 $5K No change

Portfolio Sells Q2 2024 → Q3 2024
SPYD SS SPDR P S&P 500 Hi Div ETF Reduce -25.8% 4.08% −1.35
DFAU Dimensional US Core Equity M Reduce -35.8% 2.05% −1.34
DFAI Dimensional International Co. Reduce -31.1% 2.36% −1.22
IBDR iShares Ibonds Dec 2026 Term Reduce -63.2% 0.56% −1.12
RSP Invesco S&P 500 Equal Weight Reduce -52.4% 1.14% −0.47
HDV iShares Core High Dividend E Reduce -9.5% 2.95% −0.43
MSFT Microsoft Corp. Reduce -28.2% 0.68% −0.42
XLE SS Energy Select Sector Reduce -42.7% 0.39% −0.40
SGOV iShares 0-3 Month Treasury B Reduce -6.6% 1.85% −0.36
XRT SS SPDR S&P Retail ETF Sold out 0.00% −0.34
IJH iShares Core S&P Midcap ETF Reduce -19.1% 0.92% −0.28
XME SS SPDR S&P Metals Mining Sold out 0.00% −0.26
OKE Oneok Inc. Reduce -8.0% 2.56% −0.23
IDV iShares International Select Reduce -2.4% 4.15% −0.21
XOP SS SPDR S&P Og Exp & Prod Reduce -45.2% 0.15% −0.19
F Ford Motor Co. Sold out 0.00% −0.19
ZM Zoom Communications Inc. Sold out 0.00% −0.17
DAL Delta Air Lines Inc. Reduce -61.1% 0.10% −0.16
CFG Citizens Financial Group Sold out 0.00% −0.15
IEFA iShares Core MSCI Eafe ETF Reduce -5.3% 1.42% −0.14
MA Mastercard Inc. Class A Sold out 0.00% −0.14
MRK Merck & Co. Inc. Sold out 0.00% −0.13
JXI iShares Global Utilities ETF Sold out 0.00% −0.13
BAC Bank of America Corp. Reduce -1.3% 0.89% −0.12
VHT Vanguard Health Care ETF Sold out 0.00% −0.12
TXN Texas Instruments Inc. Sold out 0.00% −0.12
ENB Enbridge Inc. Sold out 0.00% −0.11
DIA SS SPDR Dow Jones Indus Avg Reduce -0.4% 2.62% −0.10
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.2% 0.85% −0.09
BP BP PLC-Spons ADR Reduce -6.2% 0.24% −0.09
DVN Devon Energy Corp. Reduce -0.1% 0.24% −0.09
IAU iShares Gold Trust Reduce -6.8% 1.38% −0.09
XOM Exxon Mobil Corp. Reduce -8.0% 0.42% −0.08
WMB Williams Cos Inc. Reduce -28.3% 0.11% −0.07
HD Home Depot Inc. Reduce -15.2% 0.43% −0.05
VDE Vanguard Energy ETF Reduce -8.8% 0.18% −0.05
VEU Vanguard Ftse All-World Ex-U Reduce -0.6% 1.04% −0.05
WFC Wells Fargo & Co. Reduce -6.8% 0.18% −0.05
SMLV SS SPDR US SC Low Vol Idx Reduce -10.4% 0.44% −0.05
VNQ Vanguard Real Estate ETF Reduce -27.8% 0.10% −0.03
HPE Hewlett Packard Enterprise Reduce -8.3% 0.11% −0.03
XLRE SS Real Estate Select Sector Reduce -11.6% 0.30% −0.03
PFE Pfizer Inc. Reduce -15.1% 0.10% −0.03
FIX Comfort Systems USA Inc. Reduce -14.6% 1.19% −0.03
SCHY Schwab International DVD ETF Reduce -4.0% 0.42% −0.02
SPYV SS SPDR P S&P 500 Value ETF Reduce -0.8% 0.28% −0.01
XLF SS Financial Select Sector Reduce -3.6% 0.17% −0.01
KO The Coca-Cola Co. Reduce -1.9% 0.38% −0.00
KRE SS SPDR S&P Regional Bank Reduce -0.3% 0.69% +0.02
VST Vistra Corp. Reduce -9.9% 0.25% +0.03

Portfolio Buys Q2 2024 → Q3 2024
IBHF iShares Ibond 2026 HY & Inc. Add +100.8% 2.97% +1.35
IBDQ iShares Ibonds Dec 2025 Term New 1.28% +1.28
FNDX Schwab Fndmntl US LRG Co. ETF Add +93.6% 2.33% +1.07
AVUV Avantis US Small Cap Value Add +21.1% 7.70% +1.05
IBDU iShares Ibonds Dec 2029 Term New 0.89% +0.89
DFIV Dimensional International Va Add +19.9% 7.08% +0.83
FNDE Schwab Fndmntl Em MRK Eq ETF Add +67.8% 2.02% +0.79
IJR iShares Core S&P Small-Cap E Add +151.5% 1.13% +0.67
IBTJ iShares Ibonds Dec 2029 Term New 0.53% +0.53
IBHE iShares Ibonds 2025 H/Y Inc. Add +69.0% 1.47% +0.50
GLD SPDR Gold Shares Add +23.6% 2.30% +0.46
AVDV Avantis Intl S/C Value ETF Add +78.2% 1.06% +0.45
AGG iShares Core U.S. Aggregate New 0.38% +0.38
EWJ iShares MSCI Japan ETF New 0.32% +0.32
AES AES Corp. New 0.19% +0.19
INNOVATOR IBD 50 ETF Add +158.4% 0.32% +0.18
IBDT iShares Ibonds Dec 2028 ETF New 0.17% +0.17
BABA Alibaba Group Holding-SP ADR New 0.16% +0.16
VOOG Vanguard S&P 500 Growth ETF New 0.12% +0.12
GOOGL Alphabet Inc. Class A Add +71.1% 0.40% +0.11
USRT iShares Core US REIT ETF Add +16.0% 0.70% +0.11
ADI Analog Devices Inc. New 0.11% +0.11
DE Deere & Co. New 0.11% +0.11
VYMI Vanguard Int High DVD YLD Inc. Add +20.4% 0.79% +0.10
CINF Cincinnati Financial Corp. New 0.10% +0.10
NEM Newmont Corp. New 0.10% +0.10
WMT Walmart Inc. Add +14.2% 0.53% +0.09
DES Wisdomtree US Smallcap Divid Add +71.0% 0.22% +0.09
BMY Bristol-Myers Squibb Co. Add +20.7% 0.29% +0.07
IBM Intl Business Machines Corp. Add +0.0% 0.52% +0.06
T AT&T Inc. Add +8.5% 0.52% +0.05
AAPL Apple Inc. Add +2.6% 4.13% +0.05
SPHD Invesco S&P 500 High Dividen Add +12.8% 0.31% +0.04
BRK.B Berkshire Hathaway Inc. Class B Add +4.6% 0.30% +0.02
DFAE Dimensional Emerging Core Eq Add +10.7% 0.24% +0.01
EFAV iShares MSCI Eafe Min Vol Fa Add +4.8% 0.16% +0.01
IP International Paper Co. Add +0.4% 0.30% +0.00
ORI Old Republic Intl Corp. Add +0.8% 0.14% +0.00
CSCO Cisco Systems Inc. Add +1.1% 0.25% +0.00
DIVO Amplify CWP Enhan Divid ETF Add +6.0% 0.25% +0.00
LNC Lincoln National Corp. Add +11.2% 0.28% +0.00
SYLD Cambria Shareholder Yield Et Add +4.5% 0.16% −0.00
EDIV State Street SPDR S&P Emergi Add +0.6% 0.11% −0.00
KHC The Kraft Heinz Co. Add +0.5% 0.21% −0.00
VZ Verizon Communications Inc. Add +0.6% 0.25% −0.01
VTI VG Morningstar TS MKT ETF-US Add +0.1% 0.15% −0.01
PATH Uipath Inc. Class A Add +4.4% 0.16% −0.01
APA Apa Corp. Add +23.3% 0.12% −0.01
LYB Lyondellbasell Indu Class A Add +0.6% 0.15% −0.02
IVV iShares Core S&P 500 ETF Add +4.5% 1.33% −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