Cowa, LLC

Name: COWA, LLC 13F holdings, Q2 2025
Creator: COWA, LLC
Published: 2025-08-12

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
IBTJ iShares Ibonds Dec 2029 Term	0.13%	15,725	$345K	No change
VTI VG Morningstar TS MKT ETF-US	0.13%	1,121	$341K	Add +2.1%
EMR Emerson Electric Co.	0.13%	2,506	$334K	Add +1.3%
VDE Vanguard Energy ETF	0.13%	2,800	$334K	No change
ORI Old Republic Intl Corp.	0.12%	8,378	$322K	No change
WMB Williams Cos Inc.	0.12%	5,115	$321K	Reduce -22.0%
BRK.B Berkshire Hathaway Inc. Class B	0.12%	660	$321K	Reduce -51.6%
VFMF Vanguard US Multifactor ETF	0.12%	2,373	$319K	New
UNH Unitedhealth Group Inc.	0.11%	926	$289K	New
IBDS Ishrs Ibnds Dec 27 Corp. ETF	0.11%	11,632	$282K	New
AMZN Amazon.com Inc.	0.10%	884	$273K	Reduce -19.1%
PFE Pfizer Inc.	0.10%	10,957	$266K	Add +12.6%
AES AES Corp.	0.10%	24,350	$256K	Reduce -7.4%
CAG Conagra Brands Inc.	0.10%	12,400	$254K	New
MSDL Morgan Stanley Direct Lendin	0.10%	13,436	$252K	No change
LYB Lyondellbasell Indu Class A	0.09%	4,205	$243K	New
VV Vngrd Mrgstr LRG-Cap ETF-Usd	0.09%	829	$237K	No change
EDIV State Street SPDR S&P Emergi	0.09%	6,097	$232K	New
SMIG Bahl & Gaynor S/M Inc. Growth	0.09%	8,034	$232K	New
CLX Clorox Company	0.09%	1,900	$228K	No change
GEV GE Vernova Inc.	0.09%	429	$227K	New
PATH Uipath Inc. Class A	0.09%	17,460	$224K	Reduce -57.0%
AR Antero Resources Corp.	0.08%	5,500	$222K	Reduce -15.4%
DEHP Dimensional Emrg MRK Hi Prof	0.08%	7,909	$221K	New
CNH CNH Industrial NV	0.08%	17,020	$221K	Add +0.1%
FYLD Cambria Foreign Shareholder	0.08%	7,525	$220K	New
LLY Eli Lilly & Co.	0.08%	282	$220K	New
PCG P G & E Corp.	0.08%	15,158	$211K	New
DAL Delta Air Lines Inc.	0.08%	4,136	$203K	New
HELP Cybin Inc.	0.04%	13,200	$111K	Add +12.8%
LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29)	0.00%	17,000	$2K	No change

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