Managers / Q1 2023 · view latest →
Sowa Financial Group, Inc.
CIK 0001806226 · 24 ALBION ROAD, SUITE 340, LINCOLN, RI, 02865 · 4014348090
Summary
Sowa Financial Group, Inc. reported $140M in U.S.-listed holdings across 34 positions for Q1 2023.
The portfolio is heavily concentrated: IYH alone accounts for 35.5% of reported value.
Compared with Q4 2022, the fund opened 2 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 71.0% · $99M
- Common Stock · 23.7% · $33M
- Closed-End Fund · 3.9% · $5M
- REIT · 1.4% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AGGISHARES TR | NEW | +10.8K | 10.8K | +$1M | $1M |
| MOALTRIA GROUP INC | NEW | +10.1K | 10.1K | +$452,000 | $452,000 |
| IYFISHARES TR | SOLD OUT | −30.0K | 0 | −$2M | $0 |
| SHOPSHOPIFY INC | SOLD OUT | −11.8K | 0 | −$411,000 | $0 |
| RSPINVESCO EXCHANGE TRADED FD T | ADDED | +3.0K | 14.3K | +$479,000 | $2M |
| VVISA INC | TRIMMED | −2.5K | 17.0K | −$211,000 | $4M |
| XLUSELECT SECTOR SPDR TR | TRIMMED | −2.6K | 20.1K | −$242,000 | $1M |
| IJRISHARES TR | ADDED | +947 | 12.7K | +$115,000 | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYHISHARES TR | US HLTHCARE ETF · PFD AND INCM SEC · NORTH AMERN NAT · CORE DIV GRWTH · CORE HIGH DV ETF · CORE S&P TTL STK · NATIONAL MUN ETF · MSCI EAFE ETF · RUS MDCP VAL ETF · COHEN STEER REIT · CORE S&P SCP ETF · CORE US AGGBD ET | 35.46% | $50M | 815.6K |
| 2 | AAPLAPPLE INChistory → | COM | 16.62% | $23M | 140.8K |
| 3 | IAUISHARES GOLD TRhistory → | ISHARES NEW | 13.43% | $19M | 501.9K |
| 4 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 8.73% | $12M | 29.8K |
| 5 | XLESELECT SECTOR SPDR TR | ENERGY · SBI INT-UTILS · SBI INT-FINL · SBI CONS STPLS | 3.94% | $6M | 91.5K |
| 6 | XAWFXALLIANCEBERNSTEIN GLOBAL HIGhistory → | COM | 3.91% | $5M | 562.3K |
| 7 | DVYEISHARES INChistory → | EM MKTS DIV ETF | 3.10% | $4M | 176.2K |
| 8 | LATTICE STRATEGIES TR | HARTFORD MLT ETF | 2.95% | $4M | 156.7K |
| 9 | VVISA INChistory → | COM CL A | 2.74% | $4M | 17.0K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 2.16% | $3M | 10.4K |
| 11 | RSPINVESCO EXCHANGE TRADED FD Thistory → | S&P500 EQL WGT | 1.48% | $2M | 14.3K |
| 12 | DBAINVESCO DB MLTI SECTR CMMTYhistory → | AGRICULTURE FD | 1.38% | $2M | 94.0K |
| 13 | PDMPIEDMONT OFFICE REALTY TR INhistory → | COM CL A | 1.35% | $2M | 258.9K |
| 14 | ESEVERSOURCE ENERGY | COM | 0.83% | $1M | 14.8K |
| 15 | INVESCO EXCHNG TRADED FD TR | S&P500 LOW VOL | 0.55% | $762,000 | 12.2K |
| 16 | DONWISDOMTREE TR | US MIDCAP DIVID | 0.37% | $523,000 | 12.8K |
| 17 | MOALTRIA GROUP INC | COM | 0.32% | $452,000 | 10.1K |
| 18 | VZVERIZON COMMUNICATIONS INC | COM | 0.31% | $432,000 | 11.1K |
| 19 | TAT&T INC | COM | 0.19% | $271,000 | 14.1K |
| 20 | SLVISHARES SILVER TRUST | ISHARES | 0.17% | $242,000 | 10.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $202M | 30 | Apr 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $192M | 30 | Feb 3, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $178M | 26 | Oct 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $160M | 27 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $152M | 29 | Apr 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $160M | 30 | Jan 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $158M | 31 | Oct 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $132M | 30 | Jul 29, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $123M | 30 | Apr 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $123M | 30 | Jan 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $133M | 34 | Oct 23, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $146M | 34 | Jul 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $140M | 34 | Apr 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $134M | 34 | Jan 27, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $127M | 36 | Oct 25, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $131M | 35 | Aug 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $167M | 67 | Apr 28, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $171M | 71 | Jan 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $154M | 68 | Oct 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $135M | 70 | Jul 6, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $142M | 71 | Apr 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $149M | 239 | Jan 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $140M | 226 | Oct 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $132M | 353 | Jul 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $114M | 352 | Apr 29, 2020 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.