Cowa, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Cowa, LLC reported 131 stock positions worth $262.6 million. Its top holding was Avantis US Small Cap Value (AVUV) at 7.1% of the portfolio, followed by Dimensional International Va (DFIV, 6.8%) and iShares Ibond 2026 HY & (IBHF, 6.1%). Compared with Q1 2025, it opened 20 new positions, sold out of 14, added to 65 and reduced 34. The biggest buy was Avantis US Small Cap Value (AVUV, shares +5%) and the biggest sale Dimensional International (DFAI, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- Tulsa, OK
- CIK
- 0001844480
- Portfolio Value
- $262.6M (Q2 2025)
- SEC Filing
- 0001172661-25-003055 ↗ filed Aug 12, 2025
Holdings Value
Holdings 131 stocks · $262.6M
| AVUV Avantis US Small Cap Value | 7.06% | 203,327 | $18.5M | Add +5.2% |
| DFIV Dimensional International Va | 6.79% | 416,369 | $17.8M | Add +27.3% |
| IBHF iShares Ibond 2026 HY & Inc. | 6.06% | 685,592 | $15.9M | Add +26.0% |
| IBDR iShares Ibonds Dec 2026 Term | 5.64% | 610,840 | $14.8M | Add +32.4% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 3.48% | 276,879 | $9.1M | Add +41.8% |
| IDV iShares International Select | 3.35% | 254,611 | $8.8M | Reduce -11.3% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 3.13% | 193,365 | $8.2M | Reduce -1.1% |
| IBDX iShares Ibonds Dec 2032 TC | 3.01% | 312,775 | $7.9M | Add +86.3% |
| AAPL Apple Inc. | 2.93% | 37,433 | $7.7M | Add +4.5% |
| FIX Comfort Systems USA Inc. | 2.44% | 11,927 | $6.4M | Add +14.7% |
| HDV iShares Core High Dividend E | 2.43% | 54,382 | $6.4M | Reduce -0.0% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 2.16% | 12,863 | $5.7M | Reduce -0.2% |
| CTA Simplify Managed Futures St | 2.09% | 205,019 | $5.5M | Add +26.3% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 2.05% | 219,075 | $5.4M | Add +12.4% |
| AVDV Avantis Intl S/C Value ETF | 1.98% | 65,392 | $5.2M | Add +9.0% |
| DFAI Dimensional International Co. | 1.92% | 145,757 | $5.0M | Reduce -28.9% |
| OKE Oneok Inc. | 1.54% | 49,606 | $4.0M | Reduce -6.8% |
| AMLP Alerian MLP ETF | 1.53% | 82,415 | $4.0M | Reduce -9.4% |
| DFAU Dimensional US Core Equity M | 1.48% | 92,631 | $3.9M | Add +84.3% |
| SCHD Schwab US DVD Equity ETF | 1.28% | 127,244 | $3.4M | Add +4.4% |
| SGOV iShares 0-3 Month Treasury B | 1.27% | 33,208 | $3.3M | Add +24.5% |
| IEFA iShares Core MSCI Eafe ETF | 1.26% | 39,518 | $3.3M | Add +1.1% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.25% | 41,042 | $3.3M | Add +7.6% |
| RSP Invesco S&P 500 Equal Weight | 1.23% | 17,754 | $3.2M | Reduce -57.8% |
| IVV iShares Core S&P 500 ETF | 1.18% | 5,006 | $3.1M | Add +1.8% |
| IAU iShares Gold Trust | 1.18% | 49,454 | $3.1M | Reduce -1.8% |
| GLD SPDR Gold Shares | 1.12% | 9,621 | $2.9M | Reduce -9.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 1.08% | 135,128 | $2.8M | Add +52.8% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 1.02% | 114,852 | $2.7M | Add +8.0% |
| EPD Enterprise Products Partners | 0.99% | 83,620 | $2.6M | Reduce -5.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.85% | 33,361 | $2.2M | Add +0.1% |
| MSFT Microsoft Corp. | 0.79% | 4,160 | $2.1M | Reduce -7.6% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.76% | 79,437 | $2.0M | Reduce -4.9% |
| USMV iShares MSCI USA Min Vol Fac | 0.72% | 20,003 | $1.9M | New |
| COP Conocophillips | 0.71% | 20,742 | $1.9M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.69% | 2,950 | $1.8M | Add +4.7% |
| WMT Walmart Inc. | 0.59% | 15,933 | $1.6M | Add +8.3% |
| T AT&T Inc. | 0.59% | 53,102 | $1.5M | Add +4.8% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.57% | 58,530 | $1.5M | Add +46.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.55% | 30,278 | $1.4M | Add +0.8% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.54% | 26,156 | $1.4M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.53% | 4,725 | $1.4M | Add +3.8% |
| IBDU iShares Ibonds Dec 2029 Term | 0.43% | 48,221 | $1.1M | Reduce -4.5% |
| SHEL Shell PLC-ADR | 0.42% | 15,523 | $1.1M | Reduce -15.4% |
| QUAL iShares MSCI USA Quality Fac | 0.41% | 5,832 | $1.1M | New |
| IMTM iShares MSCI Intl Momentum F | 0.40% | 22,824 | $1.0M | New |
| PWR Quanta Services Inc. | 0.39% | 2,731 | $1.0M | No change |
| IJH iShares Core S&P Midcap ETF | 0.38% | 16,014 | $994K | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.37% | 5,286 | $981K | Add +6.6% |
| KRE SS SPDR S&P Regional Bank | 0.37% | 16,495 | $980K | Reduce -22.3% |
| PSX Phillips 66 | 0.36% | 7,835 | $936K | Reduce -2.1% |
| DFLV Dim US Large Cap Value ETF | 0.35% | 29,854 | $926K | Add +1.3% |
| SMLV SS SPDR US SC Low Vol Idx | 0.35% | 7,387 | $924K | Add +4.5% |
| PAGP Plains GP Holdings LP | 0.35% | 47,175 | $917K | Add +5.8% |
| HD Home Depot Inc. | 0.35% | 2,494 | $914K | Add +11.8% |
| PRU Prudential Financial Inc. | 0.34% | 8,404 | $903K | Add +6.6% |
| XOM Exxon Mobil Corp. | 0.34% | 8,273 | $891K | Add +11.3% |
| UPS United Parcel Service Class B | 0.34% | 8,785 | $887K | Add +329.2% |
| AMGN Amgen Inc. | 0.34% | 3,163 | $883K | Add +0.4% |
| ARLP Alliance Resource Partners | 0.33% | 33,558 | $877K | No change |
| BMY Bristol-Myers Squibb Co. | 0.33% | 18,467 | $855K | Add +2.9% |
| IJR iShares Core S&P Small-Cap E | 0.32% | 7,585 | $829K | Reduce -62.1% |
| KO The Coca-Cola Co. | 0.30% | 11,178 | $791K | Add +7.5% |
| JPM JPMorgan Chase & Co. | 0.30% | 2,702 | $783K | Add +34.6% |
| LNC Lincoln National Corp. | 0.30% | 22,420 | $776K | Add +11.9% |
| HPE Hewlett Packard Enterprise | 0.29% | 37,400 | $765K | Reduce -33.5% |
| CVX Chevron Corp. | 0.29% | 5,271 | $755K | Add +24.6% |
| PEP Pepsico Inc. | 0.28% | 5,628 | $744K | Add +104.7% |
| DES Wisdomtree US Smallcap Divid | 0.27% | 22,673 | $720K | Add +6.8% |
| CSCO Cisco Systems Inc. | 0.27% | 10,210 | $708K | Add +10.2% |
| VZ Verizon Communications Inc. | 0.26% | 15,581 | $674K | Add +5.1% |
| DVN Devon Energy Corp. | 0.24% | 19,916 | $634K | Add +21.6% |
| ABT Abbott Laboratories | 0.23% | 4,521 | $615K | Add +9.9% |
| WFC Wells Fargo & Co. | 0.23% | 7,623 | $611K | Add +12.1% |
| SPHD Invesco S&P 500 High Dividen | 0.23% | 12,714 | $605K | Add +0.6% |
| C Citigroup Inc. | 0.23% | 7,019 | $597K | Add +2.1% |
| BOKF Bok Financial Corporation | 0.22% | 6,022 | $588K | No change |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.22% | 26,738 | $587K | Add +54.5% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.22% | 11,200 | $586K | No change |
| XLE SS Energy Select Sector | 0.21% | 6,558 | $556K | Add +0.1% |
| IP International Paper Co. | 0.21% | 11,701 | $548K | Reduce -2.5% |
| SYLD Cambria Shareholder Yield Et | 0.21% | 8,342 | $542K | Reduce -1.1% |
| RTX RTX Corp. | 0.20% | 3,541 | $517K | Reduce -2.5% |
| PG The Procter & Gamble Co. | 0.19% | 3,145 | $501K | Add +20.6% |
| BABA Alibaba Group Holding-SP ADR | 0.19% | 4,396 | $499K | Add +44.5% |
| DHR Danaher Corp. | 0.18% | 2,453 | $485K | Reduce -2.0% |
| KHC The Kraft Heinz Co. | 0.18% | 18,741 | $484K | Add +10.5% |
| OGE Oge Energy Corp. | 0.18% | 10,786 | $479K | Add +0.0% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 1,831 | $471K | Add +9.1% |
| SCHY Schwab International DVD ETF | 0.18% | 16,955 | $464K | Add +6.8% |
| BP BP PLC-Spons ADR | 0.17% | 14,700 | $440K | No change |
| XLV SS Health Care Select Sector | 0.17% | 3,215 | $433K | Reduce -1.6% |
| XLF SS Financial Select Sector | 0.16% | 8,029 | $420K | Add +0.4% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.16% | 4,978 | $418K | Add +7.5% |
| NVDA Nvidia Corp. | 0.15% | 2,587 | $407K | New |
| GOOGL Alphabet Inc. Class A | 0.14% | 2,139 | $376K | Reduce -56.0% |
| SMMV iShares MSCI USA Small-Cap M | 0.14% | 8,846 | $372K | New |
| VOOG Vanguard S&P 500 Growth ETF | 0.14% | 923 | $365K | New |
| MO Altria Group Inc. | 0.13% | 6,016 | $353K | Reduce -1.3% |
| AXP American Express Co. | 0.13% | 1,105 | $352K | Add +13.3% |
Portfolio Sells Q1 2025 → Q2 2025
| DFAI Dimensional International Co. | Reduce -28.9% | 1.92% | −1.22 |
| DFAE Dimensional Emerging Core Eq | Sold out | 0.00% | −0.75 |
| OKE Oneok Inc. | Reduce -6.8% | 1.54% | −0.71 |
| IJR iShares Core S&P Small-Cap E | Reduce -62.1% | 0.32% | −0.58 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -1.1% | 3.13% | −0.57 |
| AMLP Alerian MLP ETF | Reduce -9.4% | 1.53% | −0.49 |
| IDV iShares International Select | Reduce -11.3% | 3.35% | −0.46 |
| HDV iShares Core High Dividend E | Reduce -0.0% | 2.43% | −0.39 |
| RSP Invesco S&P 500 Equal Weight | Reduce -57.8% | 1.23% | −0.38 |
| INNOVATOR IBD 50 ETF | Sold out | 0.00% | −0.36 |
| EPD Enterprise Products Partners | Reduce -5.8% | 0.99% | −0.31 |
| DIVO Amplify CWP Enhan Divid ETF | Sold out | 0.00% | −0.26 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.25 |
| EWJ iShares MSCI Japan ETF | Sold out | 0.00% | −0.24 |
| COP Conocophillips | Reduce -1.0% | 0.71% | −0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -51.6% | 0.12% | −0.19 |
| KBE SS SPDR S&P Bank ETF | Sold out | 0.00% | −0.19 |
| GLD SPDR Gold Shares | Reduce -9.1% | 1.12% | −0.18 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -56.0% | 0.14% | −0.18 |
| SHEL Shell PLC-ADR | Reduce -15.4% | 0.42% | −0.16 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.2% | 2.16% | −0.15 |
| CFG Citizens Financial Group | Sold out | 0.00% | −0.15 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.15 |
| KRE SS SPDR S&P Regional Bank | Reduce -22.3% | 0.37% | −0.14 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -4.9% | 0.76% | −0.14 |
| XSD SS SPDR S&P Semiconductor | Sold out | 0.00% | −0.12 |
| RCL Royal Caribbean Cruises Ltd. | Sold out | 0.00% | −0.12 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.11 |
| DE Deere & Co. | Sold out | 0.00% | −0.11 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.10 |
| PATH Uipath Inc. Class A | Reduce -57.0% | 0.09% | −0.09 |
| IAU iShares Gold Trust | Reduce -1.8% | 1.18% | −0.09 |
| HPE Hewlett Packard Enterprise | Reduce -33.5% | 0.29% | −0.08 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -4.5% | 0.43% | −0.07 |
| WMB Williams Cos Inc. | Reduce -22.0% | 0.12% | −0.07 |
| PSX Phillips 66 | Reduce -2.1% | 0.36% | −0.07 |
| IP International Paper Co. | Reduce -2.5% | 0.21% | −0.07 |
| AES AES Corp. | Reduce -7.4% | 0.10% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -1.6% | 0.17% | −0.04 |
| DHR Danaher Corp. | Reduce -2.0% | 0.18% | −0.03 |
| AR Antero Resources Corp. | Reduce -15.4% | 0.08% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.0% | 0.38% | −0.02 |
| SYLD Cambria Shareholder Yield Et | Reduce -1.1% | 0.21% | −0.02 |
| MO Altria Group Inc. | Reduce -1.3% | 0.13% | −0.02 |
| RTX RTX Corp. | Reduce -2.5% | 0.20% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -19.1% | 0.10% | +0.01 |
| MSFT Microsoft Corp. | Reduce -7.6% | 0.79% | +0.07 |
Portfolio Buys Q1 2025 → Q2 2025
| AVUV Avantis US Small Cap Value | Add +5.2% | 7.06% | +1.59 |
| DFIV Dimensional International Va | Add +27.3% | 6.79% | +1.30 |
| IBDX iShares Ibonds Dec 2032 TC | Add +86.3% | 3.01% | +1.22 |
| FIX Comfort Systems USA Inc. | Add +14.7% | 2.44% | +1.00 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +41.8% | 3.48% | +0.91 |
| IBDR iShares Ibonds Dec 2026 Term | Add +32.4% | 5.64% | +0.87 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.72% | +0.72 |
| DFAU Dimensional US Core Equity M | Add +84.3% | 1.48% | +0.67 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +26.0% | 6.06% | +0.66 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | New | 0.54% | +0.54 |
| QUAL iShares MSCI USA Quality Fac | New | 0.41% | +0.41 |
| IMTM iShares MSCI Intl Momentum F | New | 0.40% | +0.40 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +52.8% | 1.08% | +0.30 |
| UPS United Parcel Service Class B | Add +329.2% | 0.34% | +0.24 |
| AVDV Avantis Intl S/C Value ETF | Add +9.0% | 1.98% | +0.19 |
| NVDA Nvidia Corp. | New | 0.15% | +0.15 |
| SMMV iShares MSCI USA Small-Cap M | New | 0.14% | +0.14 |
| VOOG Vanguard S&P 500 Growth ETF | New | 0.14% | +0.14 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +46.6% | 0.57% | +0.14 |
| SGOV iShares 0-3 Month Treasury B | Add +24.5% | 1.27% | +0.13 |
| VFMF Vanguard US Multifactor ETF | New | 0.12% | +0.12 |
| UNH Unitedhealth Group Inc. | New | 0.11% | +0.11 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.11% | +0.11 |
| PEP Pepsico Inc. | Add +104.7% | 0.28% | +0.11 |
| CAG Conagra Brands Inc. | New | 0.10% | +0.10 |
| LYB Lyondellbasell Indu Class A | New | 0.09% | +0.09 |
| EDIV State Street SPDR S&P Emergi | New | 0.09% | +0.09 |
| SMIG Bahl & Gaynor S/M Inc. Growth | New | 0.09% | +0.09 |
| JPM JPMorgan Chase & Co. | Add +34.6% | 0.30% | +0.09 |
| GEV GE Vernova Inc. | New | 0.09% | +0.09 |
| DEHP Dimensional Emrg MRK Hi Prof | New | 0.08% | +0.08 |
| FYLD Cambria Foreign Shareholder | New | 0.08% | +0.08 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +12.4% | 2.05% | +0.08 |
| LLY Eli Lilly & Co. | New | 0.08% | +0.08 |
| PCG P G & E Corp. | New | 0.08% | +0.08 |
| DAL Delta Air Lines Inc. | New | 0.08% | +0.08 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +54.5% | 0.22% | +0.06 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +7.6% | 1.25% | +0.05 |
| IBM Intl Business Machines Corp. | Add +3.8% | 0.53% | +0.05 |
| WMT Walmart Inc. | Add +8.3% | 0.59% | +0.04 |
| CTA Simplify Managed Futures St | Add +26.3% | 2.09% | +0.04 |
| GE General Electric | Add +9.1% | 0.18% | +0.04 |
| CSCO Cisco Systems Inc. | Add +10.2% | 0.27% | +0.03 |
| WFC Wells Fargo & Co. | Add +12.1% | 0.23% | +0.02 |
| AXP American Express Co. | Add +13.3% | 0.13% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.7% | 0.69% | +0.02 |
| C Citigroup Inc. | Add +2.1% | 0.23% | +0.02 |
| BABA Alibaba Group Holding-SP ADR | Add +44.5% | 0.19% | +0.02 |
| EMR Emerson Electric Co. | Add +1.3% | 0.13% | +0.01 |
| HELP Cybin Inc. | Add +12.8% | 0.04% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 178 | $369.4M | IBHF, AVUV, FIX, DFIV, IBDX |
| Q1 2026 | 155 | $343.7M | IBHF, AVUV, DFIV, IBDX, FIX |
| Q4 2025 | 152 | $328.6M | AVUV, IBHF, IBDR, DFIV, IBDX |
| Q3 2025 | 137 | $282.5M | AVUV, DFIV, IBHF, FIX, FNDE |
| Q2 2025 | 131 | $262.6M | AVUV, DFIV, IBHF, IBDR, FNDE |
| Q1 2025 | 125 | $234.1M | DFIV, AVUV, IBHF, AAPL, IBDR |
| Q4 2024 | 119 | $205.0M | AVUV, DFIV, AAPL, SPYD, IBHF |
| Q3 2024 | 128 | $210.0M | AVUV, DFIV, IDV, AAPL, SPYD |
| Q2 2024 | 126 | $187.4M | AVUV, DFIV, SPYD, IDV, AAPL |
| Q1 2024 | 119 | $169.7M | AVUV, DFIV, DFAI, AMLP, IDV |