Cowa, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Cowa, LLC reported 155 stock positions worth $343.7 million. Its top holding was iShares Ibond 2026 HY & (IBHF) at 7.4% of the portfolio, followed by Avantis US Small Cap Value (AVUV, 7.3%) and Dimensional International Va (DFIV, 6.8%). Compared with Q4 2025, it opened 10 new positions, sold out of 7, added to 64 and reduced 58. The biggest buy was Dimensional International Va (DFIV, shares +22%) and the biggest sale an exit from iShares Ibonds Dec 2026 Term (IBDR).
- Most Recent 13F
- Q2 2026
- Location
- Tulsa, OK
- CIK
- 0001844480
- Portfolio Value
- $343.7M (Q1 2026)
- SEC Filing
- 0001172661-26-001949 ↗ filed May 14, 2026
Holdings Value
Holdings 155 stocks · $343.7M
| IBHF iShares Ibond 2026 HY & Inc. | 7.41% | 1,109,389 | $25.5M | Add +14.2% |
| AVUV Avantis US Small Cap Value | 7.28% | 226,570 | $25.0M | Reduce -1.0% |
| DFIV Dimensional International Va | 6.81% | 443,679 | $23.4M | Add +21.7% |
| IBDX iShares Ibonds Dec 2032 TC | 5.36% | 729,002 | $18.4M | Add +27.7% |
| FIX Comfort Systems USA Inc. | 4.82% | 12,014 | $16.6M | Reduce -12.4% |
| AAPL Apple Inc. | 3.99% | 43,193 | $13.7M | Add +13.7% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 3.59% | 322,910 | $12.4M | Add +3.7% |
| IDV iShares International Select | 3.44% | 277,728 | $11.8M | Add +1.5% |
| CTA Simplify Managed Futures St | 2.65% | 301,281 | $9.1M | Add +9.6% |
| IBDW iShares Ibonds Dec 2031 Corp. | 2.49% | 408,644 | $8.6M | Add +31.1% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 2.49% | 187,874 | $8.6M | Reduce -0.9% |
| HDV iShares Core High Dividend E | 2.27% | 57,386 | $7.8M | Add +2.5% |
| AVDV Avantis Intl S/C Value ETF | 2.15% | 74,124 | $7.4M | Add +2.4% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.93% | 238,448 | $6.6M | Add +3.6% |
| DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND | 1.68% | 12,471 | $5.8M | Reduce -0.5% |
| DFAI Dimensional International Co. | 1.64% | 144,588 | $5.6M | No change |
| OKE Oneok Inc. | 1.56% | 59,233 | $5.4M | Add +11.4% |
| SGOV iShares 0-3 Month Treasury B | 1.36% | 46,293 | $4.7M | Reduce -7.6% |
| VYMI Vanguard Int High DVD YLD Inc. | 1.24% | 45,300 | $4.3M | Reduce -2.7% |
| AMLP Alerian MLP ETF | 1.15% | 75,147 | $4.0M | Reduce -0.5% |
| RSP Invesco S&P 500 Equal Weight | 1.14% | 20,351 | $3.9M | Add +7.7% |
| DFAU Dimensional US Core Equity M | 1.13% | 86,124 | $3.9M | Reduce -50.5% |
| SCHD Schwab US DVD Equity ETF | 1.08% | 120,687 | $3.7M | Add +0.5% |
| EPD Enterprise Products Partners | 0.84% | 76,330 | $2.9M | Reduce -13.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.84% | 31,714 | $2.9M | Reduce -24.9% |
| GLD SPDR Gold Shares | 0.80% | 6,406 | $2.8M | Reduce -22.1% |
| COP Conocophillips | 0.78% | 20,316 | $2.7M | Add +0.6% |
| IAU iShares Gold Trust | 0.78% | 30,264 | $2.7M | Reduce -27.9% |
| NVDA Nvidia Corp. | 0.76% | 15,065 | $2.6M | Add +391.7% |
| VEU Vanguard Ftse All-World Ex-U | 0.73% | 33,260 | $2.5M | Add +0.0% |
| UPS United Parcel Service Class B | 0.62% | 21,732 | $2.1M | Add +3.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 0.59% | 80,124 | $2.0M | Add +1.2% |
| MSFT Microsoft Corp. | 0.55% | 5,131 | $1.9M | Reduce -0.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 2,748 | $1.8M | Add +0.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.51% | 19,075 | $1.8M | Reduce -2.1% |
| WMT Walmart Inc. | 0.51% | 14,169 | $1.8M | Reduce -17.5% |
| IBDY iShares Ibonds Dec 2033 Corp. | 0.50% | 66,790 | $1.7M | Add +98.7% |
| IBDU iShares Ibonds Dec 2029 Term | 0.45% | 66,319 | $1.5M | Add +5.5% |
| PWR Quanta Services Inc. | 0.44% | 2,731 | $1.5M | No change |
| USDU Wisdomtree BBG Usd Bullish | 0.42% | 54,578 | $1.4M | Add +10.7% |
| PSX Phillips 66 | 0.42% | 7,866 | $1.4M | Add +51.4% |
| XOM Exxon Mobil Corp. | 0.39% | 7,966 | $1.4M | Reduce -2.9% |
| BMY Bristol-Myers Squibb Co. | 0.37% | 21,148 | $1.3M | Add +10.3% |
| ABBV Abbvie Inc. | 0.37% | 5,830 | $1.3M | Reduce -5.4% |
| KRE SS SPDR S&P Regional Bank | 0.37% | 19,393 | $1.3M | Add +5.4% |
| DFLV Dim US Large Cap Value ETF | 0.35% | 33,588 | $1.2M | Reduce -0.2% |
| KMB Kimberly-Clark Corp. | 0.34% | 12,164 | $1.2M | Add +32.7% |
| QUAL iShares MSCI USA Quality Fac | 0.34% | 6,105 | $1.2M | Reduce -2.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.34% | 53,062 | $1.2M | Add +25.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.33% | 4,716 | $1.1M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.33% | 1,814 | $1.1M | Reduce -63.1% |
| CVX Chevron Corp. | 0.33% | 5,468 | $1.1M | Reduce -2.0% |
| IJH iShares Core S&P Midcap ETF | 0.33% | 16,611 | $1.1M | Reduce -5.7% |
| SYLD Cambria Shareholder Yield Et | 0.32% | 14,712 | $1.1M | Reduce -1.2% |
| AMGN Amgen Inc. | 0.32% | 3,111 | $1.1M | Reduce -1.2% |
| SMLV SS SPDR US SC Low Vol Idx | 0.32% | 7,925 | $1.1M | Add +1.9% |
| SHEL Shell PLC-ADR | 0.32% | 11,646 | $1.1M | Reduce -4.4% |
| PEP Pepsico Inc. | 0.31% | 6,877 | $1.1M | Add +0.2% |
| KHC The Kraft Heinz Co. | 0.29% | 44,440 | $999K | Add +8.7% |
| DES Wisdomtree US Smallcap Divid | 0.28% | 27,220 | $978K | Reduce -3.1% |
| T AT&T Inc. | 0.28% | 33,443 | $970K | Reduce -25.9% |
| XSHD Invesco S&P Smallcap High Di | 0.28% | 73,648 | $966K | Add +38.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 19,798 | $965K | No change |
| XLV SS Health Care Select Sector | 0.28% | 6,561 | $962K | Add +21.2% |
| APA Apa Corp. | 0.27% | 22,032 | $935K | Add +2.0% |
| CSCO Cisco Systems Inc. | 0.27% | 12,050 | $935K | Reduce -0.8% |
| DVN Devon Energy Corp. | 0.27% | 18,572 | $935K | Reduce -5.1% |
| ARLP Alliance Resource Partners | 0.27% | 33,558 | $928K | No change |
| HPE Hewlett Packard Enterprise | 0.26% | 37,368 | $890K | Add +0.0% |
| HD Home Depot Inc. | 0.26% | 2,689 | $884K | Reduce -0.9% |
| IBHG iShares Ibonds 2027 HY Inc. | 0.25% | 39,195 | $867K | Add +122.1% |
| TGT Target Corp. | 0.25% | 7,138 | $865K | Add +19.9% |
| MRK Merck & Co. Inc. | 0.25% | 7,085 | $852K | Add +47.9% |
| PRU Prudential Financial Inc. | 0.24% | 8,486 | $829K | Add +1.2% |
| PAGP Plains GP Holdings LP | 0.24% | 33,977 | $825K | Reduce -26.6% |
| IMTM iShares MSCI Intl Momentum F | 0.24% | 16,827 | $808K | Add +30.3% |
| KO The Coca-Cola Co. | 0.23% | 10,412 | $792K | Reduce -1.3% |
| BOKF Bok Financial Corporation | 0.23% | 6,123 | $784K | No change |
| CAG Conagra Brands Inc. | 0.23% | 49,500 | $778K | Add +58.3% |
| XLE SS Energy Select Sector | 0.22% | 12,520 | $767K | No change |
| RTX RTX Corp. | 0.22% | 3,969 | $766K | Add +2.6% |
| PFF iShares Preferred & Income S | 0.22% | 25,209 | $764K | New |
| AES AES Corp. | 0.22% | 54,062 | $762K | Add +15.3% |
| GOOGL Alphabet Inc. Class A | 0.22% | 2,599 | $748K | Add +65.8% |
| EFAV iShares MSCI Eafe Min Vol Fa | 0.20% | 7,572 | $692K | Add +35.5% |
| VZ Verizon Communications Inc. | 0.19% | 13,008 | $653K | Reduce -28.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.18% | 1,101 | $635K | Reduce -2.2% |
| IJR iShares Core S&P Small-Cap E | 0.18% | 5,105 | $635K | Reduce -32.9% |
| POR Portland General Electric Co. | 0.18% | 11,924 | $629K | Add +24.4% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.18% | 10,508 | $611K | Reduce -2.0% |
| BP BP PLC-Spons ADR | 0.18% | 13,000 | $611K | Reduce -2.3% |
| SMMV iShares MSCI USA Small-Cap M | 0.18% | 13,949 | $608K | Reduce -2.1% |
| JPM JPMorgan Chase & Co. | 0.18% | 2,059 | $606K | Reduce -9.4% |
| AMZN Amazon.com Inc. | 0.17% | 2,879 | $600K | Add +65.5% |
| SCHY Schwab International DVD ETF | 0.17% | 18,823 | $596K | Add +3.0% |
| PFE Pfizer Inc. | 0.17% | 21,100 | $592K | Add +68.1% |
| MTUM iShares MSCI USA Momentum Fa | 0.17% | 2,449 | $588K | New |
| WFC Wells Fargo & Co. | 0.16% | 7,102 | $565K | Reduce -1.0% |
| DHR Danaher Corp. | 0.16% | 2,935 | $556K | No change |
| C Citigroup Inc. | 0.15% | 4,675 | $530K | Reduce -0.9% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $26.9M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | 1,015,106 | $24.6M | New |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | 95,309 | $2.3M | New |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | 17,000 | $611 | New |
Total filed on the 13F, all lines: $370.6M.
Portfolio Sells Q4 2025 → Q1 2026
| IBDR iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −5.84 |
| DFAU Dimensional US Core Equity M | Reduce -50.5% | 1.13% | −1.35 |
| IVV iShares Core S&P 500 ETF | Reduce -63.1% | 0.33% | −0.69 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -24.9% | 0.84% | −0.31 |
| IAU iShares Gold Trust | Reduce -27.9% | 0.78% | −0.26 |
| MSFT Microsoft Corp. | Reduce -0.5% | 0.55% | −0.21 |
| GLD SPDR Gold Shares | Reduce -22.1% | 0.80% | −0.19 |
| SGOV iShares 0-3 Month Treasury B | Reduce -7.6% | 1.36% | −0.18 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.5% | 1.68% | −0.15 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Sold out | 0.00% | −0.11 |
| IJR iShares Core S&P Small-Cap E | Reduce -32.9% | 0.18% | −0.09 |
| LLY Eli Lilly & Co. | Reduce -24.4% | 0.12% | −0.08 |
| ED Consolidated Edison Inc. | Sold out | 0.00% | −0.07 |
| TCOM Trip.com Group Ltd.-ADR | Sold out | 0.00% | −0.07 |
| GOOG Alphabet Inc. Class C | Reduce -46.8% | 0.06% | −0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -50.6% | 0.06% | −0.07 |
| WMT Walmart Inc. | Reduce -17.5% | 0.51% | −0.07 |
| INOD Innodata Inc. | Sold out | 0.00% | −0.07 |
| VOX Vanguard Communication Servi | Sold out | 0.00% | −0.06 |
| ABBV Abbvie Inc. | Reduce -5.4% | 0.37% | −0.06 |
| T AT&T Inc. | Reduce -25.9% | 0.28% | −0.06 |
| BABA Alibaba Group Holding-SP ADR | Reduce -8.6% | 0.14% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -9.4% | 0.18% | −0.05 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.1% | 0.51% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -1.0% | 0.16% | −0.04 |
| ABT Abbott Laboratories | Reduce -0.2% | 0.14% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Reduce -2.6% | 0.34% | −0.04 |
| VZ Verizon Communications Inc. | Reduce -28.3% | 0.19% | −0.03 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -2.7% | 1.24% | −0.03 |
| PAGP Plains GP Holdings LP | Reduce -26.6% | 0.24% | −0.03 |
| AXP American Express Co. | Reduce -1.8% | 0.10% | −0.03 |
| JNJ Johnson & Johnson | Reduce -30.4% | 0.11% | −0.03 |
| IJH iShares Core S&P Midcap ETF | Reduce -5.7% | 0.33% | −0.03 |
| HD Home Depot Inc. | Reduce -0.9% | 0.26% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.2% | 0.18% | −0.03 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -2.0% | 0.18% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.7% | 0.11% | −0.02 |
| EPD Enterprise Products Partners | Reduce -13.4% | 0.84% | −0.02 |
| C Citigroup Inc. | Reduce -0.9% | 0.15% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -0.8% | 0.27% | −0.01 |
| SMMV iShares MSCI USA Small-Cap M | Reduce -2.1% | 0.18% | −0.01 |
| VKTX Viking Therapeutics Inc. | Reduce -1.8% | 0.07% | −0.01 |
| ECH iShares MSCI Chile ETF | Reduce -2.4% | 0.08% | −0.01 |
| IQLT iShares MSCI International Q | Reduce -2.1% | 0.13% | −0.01 |
| EMR Emerson Electric Co. | Reduce -0.6% | 0.09% | −0.01 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -0.9% | 2.49% | −0.01 |
| VFMF Vanguard US Multifactor ETF | Reduce -2.2% | 0.09% | −0.00 |
| DEHP Dimensional Emrg MRK Hi Prof | Reduce -2.6% | 0.11% | −0.00 |
| DFLV Dim US Large Cap Value ETF | Reduce -0.2% | 0.35% | −0.00 |
| DES Wisdomtree US Smallcap Divid | Reduce -3.1% | 0.28% | −0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| DFIV Dimensional International Va | Add +21.7% | 6.81% | +1.28 |
| IBDX iShares Ibonds Dec 2032 TC | Add +27.7% | 5.36% | +1.05 |
| AAPL Apple Inc. | Add +13.7% | 3.99% | +0.85 |
| IBHF iShares Ibond 2026 HY & Inc. | Add +14.2% | 7.41% | +0.79 |
| IBDW iShares Ibonds Dec 2031 Corp. | Add +31.1% | 2.49% | +0.61 |
| NVDA Nvidia Corp. | Add +391.7% | 0.76% | +0.59 |
| OKE Oneok Inc. | Add +11.4% | 1.56% | +0.37 |
| CTA Simplify Managed Futures St | Add +9.6% | 2.65% | +0.37 |
| IBDY iShares Ibonds Dec 2033 Corp. | Add +98.7% | 0.50% | +0.25 |
| PFF iShares Preferred & Income S | New | 0.22% | +0.22 |
| PSX Phillips 66 | Add +51.4% | 0.42% | +0.21 |
| COP Conocophillips | Add +0.6% | 0.78% | +0.20 |
| HDV iShares Core High Dividend E | Add +2.5% | 2.27% | +0.19 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +3.7% | 3.59% | +0.18 |
| MTUM iShares MSCI USA Momentum Fa | New | 0.17% | +0.17 |
| IDV iShares International Select | Add +1.5% | 3.44% | +0.15 |
| IBHG iShares Ibonds 2027 HY Inc. | Add +122.1% | 0.25% | +0.13 |
| APA Apa Corp. | Add +2.0% | 0.27% | +0.11 |
| CMCSA Comcast Corp. Class A | New | 0.11% | +0.11 |
| MRK Merck & Co. Inc. | Add +47.9% | 0.25% | +0.09 |
| AVDV Avantis Intl S/C Value ETF | Add +2.4% | 2.15% | +0.08 |
| ELM Elm Market Navigator ETF | New | 0.08% | +0.08 |
| PFE Pfizer Inc. | Add +68.1% | 0.17% | +0.08 |
| SCHD Schwab US DVD Equity ETF | Add +0.5% | 1.08% | +0.07 |
| TGT Target Corp. | Add +19.9% | 0.25% | +0.07 |
| XSHD Invesco S&P Smallcap High Di | Add +38.0% | 0.28% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +65.8% | 0.22% | +0.07 |
| GSK GSK PLC-Spon ADR | New | 0.06% | +0.06 |
| CAG Conagra Brands Inc. | Add +58.3% | 0.23% | +0.06 |
| DVY iShares Select Dividend ETF | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.06% | +0.06 |
| GL Globe Life Inc. | New | 0.06% | +0.06 |
| KMB Kimberly-Clark Corp. | Add +32.7% | 0.34% | +0.06 |
| OLN Olin Corp. | New | 0.06% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +10.3% | 0.37% | +0.06 |
| EFAV iShares MSCI Eafe Min Vol Fa | Add +35.5% | 0.20% | +0.05 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +25.1% | 0.34% | +0.05 |
| AMZN Amazon.com Inc. | Add +65.5% | 0.17% | +0.05 |
| IMTM iShares MSCI Intl Momentum F | Add +30.3% | 0.24% | +0.05 |
| DEO Diageo PLC-Sponsored ADR | Add +109.3% | 0.11% | +0.05 |
| COLD Americold Realty Trust Inc. | New | 0.04% | +0.04 |
| POR Portland General Electric Co. | Add +24.4% | 0.18% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +7.7% | 1.14% | +0.04 |
| USDU Wisdomtree BBG Usd Bullish | Add +10.7% | 0.42% | +0.03 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.6% | 1.93% | +0.03 |
| XLV SS Health Care Select Sector | Add +21.2% | 0.28% | +0.02 |
| WMB Williams Cos Inc. | Add +6.8% | 0.11% | +0.02 |
| AES AES Corp. | Add +15.3% | 0.22% | +0.02 |
| PEP Pepsico Inc. | Add +0.2% | 0.31% | +0.01 |
| PG The Procter & Gamble Co. | Add +11.1% | 0.14% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| WMT Walmart Inc. | put | Sold out | 1,000 | $111Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2025 → Q1 2026
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | New | 1,015,106 | $24.6M |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | New | 95,309 | $2.3M |
| LIBERTY INTERACTIVE LLC (LINTA 4 11/15/29) | DEB 4.000%11/1 · principal | New | 17,000 | $611 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |