Cowa, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Cowa, LLC reported 125 stock positions worth $234.1 million. Its top holding was Dimensional International Va (DFIV) at 5.5% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 5.5%) and iShares Ibond 2026 HY & (IBHF, 5.4%). Compared with Q4 2024, it opened 12 new positions, sold out of 6, added to 39 and reduced 51. The biggest buy was a new position in iShares Ibonds Dec 2026 Term (IBDR) and the biggest sale Dimensional US Core Equity M (DFAU, shares −46%).

Most Recent 13F
Q2 2026
Location
Tulsa, OK
CIK
0001844480
Portfolio Value
$234.1M (Q1 2025)
SEC Filing
0001172661-25-001765 ↗ filed May 13, 2025

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 Q3 2024 Q4 2024: $205.0M Q4 2024 Q1 2025: $234.1M $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 125 stocks · $234.1M
DFIV Dimensional International Va 5.48% 327,043 $12.8M Reduce -11.9%
AVUV Avantis US Small Cap Value 5.46% 193,195 $12.8M Add +6.1%
IBHF iShares Ibond 2026 HY & Inc. 5.40% 544,219 $12.6M Add +59.4%
AAPL Apple Inc. 5.13% 35,821 $12.0M Reduce -1.3%
IBDR iShares Ibonds Dec 2026 Term 4.77% 461,267 $11.2M New
IDV iShares International Select 3.81% 287,223 $8.9M Add +4.4%
SPYD SS SPDR P S&P 500 Hi Div ETF 3.70% 195,517 $8.7M Add +2.6%
DFAI Dimensional International Co. 3.13% 205,023 $7.3M Add +38.8%
HDV iShares Core High Dividend E 2.81% 54,386 $6.6M Add +1.3%
FNDE Schwab Fndmntl Em MRK Eq ETF 2.57% 195,200 $6.0M Add +12.2%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 2.31% 12,883 $5.4M Add +12.4%
OKE Oneok Inc. 2.26% 53,224 $5.3M Reduce -3.6%
CTA Simplify Managed Futures St 2.05% 162,302 $4.8M Add +50.8%
AMLP Alerian MLP ETF 2.02% 90,964 $4.7M Reduce -5.2%
FNDX Schwab Fndmntl US LRG Co. ETF 1.97% 194,881 $4.6M Add +4.8%
IBDX iShares Ibonds Dec 2032 TC 1.79% 167,853 $4.2M New
AVDV Avantis Intl S/C Value ETF 1.79% 60,014 $4.2M Add +5.0%
RSP Invesco S&P 500 Equal Weight 1.61% 42,031 $3.8M Add +2.0%
SCHD Schwab US DVD Equity ETF 1.46% 121,867 $3.4M Add +0.3%
FIX Comfort Systems USA Inc. 1.43% 10,402 $3.4M Add +95.2%
GLD SPDR Gold Shares 1.30% 10,588 $3.1M Reduce -7.0%
EPD Enterprise Products Partners 1.30% 88,807 $3.0M Add +1.1%
IAU iShares Gold Trust 1.27% 50,354 $3.0M Reduce -5.5%
IEFA iShares Core MSCI Eafe ETF 1.26% 39,088 $3.0M Add +1.8%
VYMI Vanguard Int High DVD YLD Inc. 1.20% 38,157 $2.8M Add +17.0%
IVV iShares Core S&P 500 ETF 1.18% 4,917 $2.8M Reduce -3.4%
SGOV iShares 0-3 Month Treasury B 1.15% 26,677 $2.7M Reduce -23.7%
IBHE iShares Ibonds 2025 H/Y Inc. 1.06% 106,346 $2.5M Reduce -27.1%
COP Conocophillips 0.94% 20,961 $2.2M Reduce -6.1%
IBDQ iShares Ibonds Dec 2025 Term 0.90% 83,533 $2.1M New
IJR iShares Core S&P Small-Cap E 0.89% 19,999 $2.1M Reduce -2.0%
VEU Vanguard Ftse All-World Ex-U 0.86% 33,321 $2.0M Reduce -3.8%
DFAU Dimensional US Core Equity M 0.81% 50,275 $1.9M Reduce -45.9%
IBDW iShares Ibonds Dec 2031 Corp. 0.78% 88,420 $1.8M Add +571.7%
DFAE Dimensional Emerging Core Eq 0.75% 55,955 $1.7M Add +188.0%
MSFT Microsoft Corp. 0.72% 4,504 $1.7M Add +7.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.67% 2,819 $1.6M Reduce -3.1%
T AT&T Inc. 0.61% 50,659 $1.4M Reduce -0.1%
SHEL Shell PLC-ADR 0.57% 18,356 $1.3M Add +0.1%
WMT Walmart Inc. 0.55% 14,717 $1.3M Add +20.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.54% 30,030 $1.3M No change
KRE SS SPDR S&P Regional Bank 0.52% 21,227 $1.2M Reduce -16.6%
IBDU iShares Ibonds Dec 2029 Term 0.50% 50,468 $1.2M Reduce -60.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.48% 4,553 $1.1M Reduce -1.0%
BMY Bristol-Myers Squibb Co. 0.47% 17,952 $1.1M Add +5.8%
ABBV Abbvie Inc. 0.44% 4,957 $1.0M Reduce -9.2%
IBDT iShares Ibonds Dec 2028 ETF 0.43% 39,916 $1.0M Reduce -27.8%
PSX Phillips 66 0.42% 8,000 $988K Reduce -1.2%
AMGN Amgen Inc. 0.42% 3,149 $981K Reduce -2.2%
PAGP Plains GP Holdings LP 0.41% 44,566 $952K Add +0.2%
IJH iShares Core S&P Midcap ETF 0.40% 16,171 $944K Reduce -47.7%
ARLP Alliance Resource Partners 0.39% 33,558 $915K No change
DFLV Dim US Large Cap Value ETF 0.39% 29,486 $901K New
XOM Exxon Mobil Corp. 0.38% 7,432 $884K Reduce -8.9%
PRU Prudential Financial Inc. 0.38% 7,886 $881K No change
SMLV SS SPDR US SC Low Vol Idx 0.37% 7,068 $868K Reduce -2.9%
HPE Hewlett Packard Enterprise 0.37% 56,220 $867K Add +18.1%
INNOVATOR IBD 50 ETF 0.36% 31,602 $852K Add +27.6%
HD Home Depot Inc. 0.35% 2,230 $817K No change
GOOGL Alphabet Inc. Class A 0.32% 4,859 $751K No change
KO The Coca-Cola Co. 0.32% 10,395 $745K Reduce -6.6%
BRK.B Berkshire Hathaway Inc. Class B 0.31% 1,365 $727K No change
LNC Lincoln National Corp. 0.31% 20,040 $720K Add +5.2%
CVX Chevron Corp. 0.30% 4,232 $708K Add +9.7%
PWR Quanta Services Inc. 0.30% 2,731 $694K No change
DES Wisdomtree US Smallcap Divid 0.29% 21,232 $679K Add +33.7%
VZ Verizon Communications Inc. 0.29% 14,819 $672K Reduce -7.3%
IP International Paper Co. 0.27% 12,007 $641K Reduce -3.7%
SPHD Invesco S&P 500 High Dividen 0.27% 12,645 $635K Reduce -6.2%
BOKF Bok Financial Corporation 0.27% 6,022 $627K No change
DVN Devon Energy Corp. 0.26% 16,372 $612K Add +22.5%
XLE SS Energy Select Sector 0.26% 6,549 $612K Reduce -2.2%
DIVO Amplify CWP Enhan Divid ETF 0.26% 14,849 $605K Reduce -0.9%
XLRE SS Real Estate Select Sector 0.25% 14,109 $590K Reduce -1.2%
SPYV SS SPDR P S&P 500 Value ETF 0.24% 11,200 $572K No change
CSCO Cisco Systems Inc. 0.24% 9,268 $572K Reduce -2.0%
EWJ iShares MSCI Japan ETF 0.24% 8,303 $569K Reduce -2.1%
ABT Abbott Laboratories 0.23% 4,114 $546K No change
SYLD Cambria Shareholder Yield Et 0.23% 8,434 $538K Add +45.5%
KHC The Kraft Heinz Co. 0.22% 16,963 $516K Add +59.0%
DHR Danaher Corp. 0.22% 2,502 $513K Reduce -3.5%
BP BP PLC-Spons ADR 0.21% 14,700 $497K No change
OGE Oge Energy Corp. 0.21% 10,782 $496K No change
JPM JPMorgan Chase & Co. 0.21% 2,008 $493K Reduce -18.4%
WFC Wells Fargo & Co. 0.21% 6,800 $488K No change
C Citigroup Inc. 0.21% 6,875 $488K Add +14.4%
RTX RTX Corp. 0.21% 3,633 $481K New
XLV SS Health Care Select Sector 0.20% 3,267 $477K Reduce -1.1%
PG The Procter & Gamble Co. 0.19% 2,607 $444K Reduce -11.7%
WMB Williams Cos Inc. 0.19% 6,560 $441K Reduce -5.2%
KBE SS SPDR S&P Bank ETF 0.19% 8,314 $440K Reduce -4.3%
CPB The Campbell's Company 0.18% 10,558 $421K Reduce -0.7%
PATH Uipath Inc. Class A 0.18% 40,616 $418K Add +25.6%
PEP Pepsico Inc. 0.18% 2,750 $412K Reduce -9.8%
SCHY Schwab International DVD ETF 0.17% 15,868 $403K Reduce -53.7%
BABA Alibaba Group Holding-SP ADR 0.17% 3,042 $402K Reduce -50.0%
XLF SS Financial Select Sector 0.17% 8,000 $398K No change
IBDV iShares Ibonds Dec 2030 Corp. 0.16% 17,305 $376K New
MO Altria Group Inc. 0.16% 6,097 $366K Add +5.2%
VDE Vanguard Energy ETF 0.16% 2,800 $363K Reduce -0.9%

Show all 125 holdings

Portfolio Sells Q4 2024 → Q1 2025
DFAU Dimensional US Core Equity M Reduce -45.9% 0.81% −1.02
DFIV Dimensional International Va Reduce -11.9% 5.48% −0.94
IBDU iShares Ibonds Dec 2029 Term Reduce -60.0% 0.50% −0.91
IBHE iShares Ibonds 2025 H/Y Inc. Reduce -27.1% 1.06% −0.59
SGOV iShares 0-3 Month Treasury B Reduce -23.7% 1.15% −0.56
IJH iShares Core S&P Midcap ETF Reduce -47.7% 0.40% −0.54
OKE Oneok Inc. Reduce -3.6% 2.26% −0.45
IBTJ iShares Ibonds Dec 2029 Term Reduce -71.4% 0.15% −0.43
LLY Eli Lilly & Co. Sold out 0.00% −0.35
IVV iShares Core S&P 500 ETF Reduce -3.4% 1.18% −0.28
VST Vistra Corp. Sold out 0.00% −0.28
IJR iShares Core S&P Small-Cap E Reduce -2.0% 0.89% −0.25
IBDT iShares Ibonds Dec 2028 ETF Reduce -27.8% 0.43% −0.24
AMLP Alerian MLP ETF Reduce -5.2% 2.02% −0.24
KRE SS SPDR S&P Regional Bank Reduce -16.6% 0.52% −0.23
SCHY Schwab International DVD ETF Reduce -53.7% 0.17% −0.21
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.1% 0.67% −0.16
VOOG Vanguard S&P 500 Growth ETF Sold out 0.00% −0.14
DAL Delta Air Lines Inc. Sold out 0.00% −0.12
VEU Vanguard Ftse All-World Ex-U Reduce -3.8% 0.86% −0.11
ATRC Atricure Inc. Sold out 0.00% −0.11
AAON Aaon Inc. Sold out 0.00% −0.10
SMLV SS SPDR US SC Low Vol Idx Reduce -2.9% 0.37% −0.08
COP Conocophillips Reduce -6.1% 0.94% −0.08
BABA Alibaba Group Holding-SP ADR Reduce -50.0% 0.17% −0.08
JPM JPMorgan Chase & Co. Reduce -18.4% 0.21% −0.08
DHR Danaher Corp. Reduce -3.5% 0.22% −0.07
IP International Paper Co. Reduce -3.7% 0.27% −0.05
AMZN Amazon.com Inc. Reduce -22.6% 0.09% −0.05
XOM Exxon Mobil Corp. Reduce -8.9% 0.38% −0.05
KBE SS SPDR S&P Bank ETF Reduce -4.3% 0.19% −0.05
SPHD Invesco S&P 500 High Dividen Reduce -6.2% 0.27% −0.05
GLD SPDR Gold Shares Reduce -7.0% 1.30% −0.04
RCL Royal Caribbean Cruises Ltd. Reduce -2.3% 0.12% −0.04
CPB The Campbell's Company Reduce -0.7% 0.18% −0.04
DIVO Amplify CWP Enhan Divid ETF Reduce -0.9% 0.26% −0.04
EWJ iShares MSCI Japan ETF Reduce -2.1% 0.24% −0.03
XLRE SS Real Estate Select Sector Reduce -1.2% 0.25% −0.03
ABBV Abbvie Inc. Reduce -9.2% 0.44% −0.03
VTI VG Morningstar TS MKT ETF-US Reduce -1.7% 0.13% −0.03
CSCO Cisco Systems Inc. Reduce -2.0% 0.24% −0.03
PSX Phillips 66 Reduce -1.2% 0.42% −0.03
WMB Williams Cos Inc. Reduce -5.2% 0.19% −0.03
VZ Verizon Communications Inc. Reduce -7.3% 0.29% −0.02
HELP Cybin Inc. Reduce -10.0% 0.03% −0.02
KO The Coca-Cola Co. Reduce -6.6% 0.32% −0.02
IAU iShares Gold Trust Reduce -5.5% 1.27% −0.02
PG The Procter & Gamble Co. Reduce -11.7% 0.19% −0.02
XLE SS Energy Select Sector Reduce -2.2% 0.26% −0.02
XLV SS Health Care Select Sector Reduce -1.1% 0.20% −0.02

Portfolio Buys Q4 2024 → Q1 2025
IBDR iShares Ibonds Dec 2026 Term New 4.77% +4.77
IBDX iShares Ibonds Dec 2032 TC New 1.79% +1.79
IBHF iShares Ibond 2026 HY & Inc. Add +59.4% 5.40% +1.54
DFAI Dimensional International Co. Add +38.8% 3.13% +1.03
IBDQ iShares Ibonds Dec 2025 Term New 0.90% +0.90
IBDW iShares Ibonds Dec 2031 Corp. Add +571.7% 0.78% +0.65
CTA Simplify Managed Futures St Add +50.8% 2.05% +0.59
DFAE Dimensional Emerging Core Eq Add +188.0% 0.75% +0.51
DFLV Dim US Large Cap Value ETF New 0.39% +0.39
FIX Comfort Systems USA Inc. Add +95.2% 1.43% +0.33
RTX RTX Corp. New 0.21% +0.21
IBDV iShares Ibonds Dec 2030 Corp. New 0.16% +0.16
AES AES Corp. New 0.14% +0.14
IDV iShares International Select Add +4.4% 3.81% +0.13
XSD SS SPDR S&P Semiconductor New 0.12% +0.12
VYMI Vanguard Int High DVD YLD Inc. Add +17.0% 1.20% +0.12
VNQ Vanguard Real Estate ETF New 0.11% +0.11
MSDL Morgan Stanley Direct Lendin New 0.11% +0.11
FNDE Schwab Fndmntl Em MRK Eq ETF Add +12.2% 2.57% +0.10
UPS United Parcel Service Class B New 0.10% +0.10
KHC The Kraft Heinz Co. Add +59.0% 0.22% +0.06
DVN Devon Energy Corp. Add +22.5% 0.26% +0.05
RSP Invesco S&P 500 Equal Weight Add +2.0% 1.61% +0.04
SYLD Cambria Shareholder Yield Et Add +45.5% 0.23% +0.04
CVX Chevron Corp. Add +9.7% 0.30% +0.03
DES Wisdomtree US Smallcap Divid Add +33.7% 0.29% +0.02
INNOVATOR IBD 50 ETF Add +27.6% 0.36% +0.02
WMT Walmart Inc. Add +20.9% 0.55% +0.02
SHEL Shell PLC-ADR Add +0.1% 0.57% +0.01
LNC Lincoln National Corp. Add +5.2% 0.31% +0.01
AR Antero Resources Corp. Add +8.3% 0.11% +0.01
AVDV Avantis Intl S/C Value ETF Add +5.0% 1.79% +0.01
MO Altria Group Inc. Add +5.2% 0.16% +0.01
PAGP Plains GP Holdings LP Add +0.2% 0.41% +0.01
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) New 0.00% +0.00
BMY Bristol-Myers Squibb Co. Add +5.8% 0.47% −0.00
EFAV iShares MSCI Eafe Min Vol Fa Add +3.4% 0.15% −0.00
LUV Southwest Airlines Co. Add +12.2% 0.15% −0.00
PFE Pfizer Inc. Add +14.1% 0.11% −0.01
C Citigroup Inc. Add +14.4% 0.21% −0.01
PATH Uipath Inc. Class A Add +25.6% 0.18% −0.02
EPD Enterprise Products Partners Add +1.1% 1.30% −0.05
IEFA iShares Core MSCI Eafe ETF Add +1.8% 1.26% −0.05
HPE Hewlett Packard Enterprise Add +18.1% 0.37% −0.13
HDV iShares Core High Dividend E Add +1.3% 2.81% −0.13
MSFT Microsoft Corp. Add +7.1% 0.72% −0.14
SCHD Schwab US DVD Equity ETF Add +0.3% 1.46% −0.16
FNDX Schwab Fndmntl US LRG Co. ETF Add +4.8% 1.97% −0.16
SPYD SS SPDR P S&P 500 Hi Div ETF Add +2.6% 3.70% −0.32
DIA SS SPDR Dow Jones Indus Avg Add +12.4% 2.31% −0.38

Notes & Other Activity Q4 2024 → Q1 2025
IBDR iShares Ibonds Dec 2026 Term IBONDS DEC2026 · principal Sold out 344,218 $8.3Mbefore exit
IBDQ iShares Ibonds Dec 2025 Term IBONDS DEC25 ETF · principal Sold out 144,866 $3.6Mbefore exit
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) DEB 4.000%11/1 · principal Sold out 17,000 $5Kbefore 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