Managers / Q3 2023 · view latest →
Sowa Financial Group, Inc.
CIK 0001806226 · 24 ALBION ROAD, SUITE 340, LINCOLN, RI, 02865 · 4014348090
Summary
Sowa Financial Group, Inc. reported $133M in U.S.-listed holdings across 34 positions for Q3 2023.
The portfolio is heavily concentrated: IYH alone accounts for 34.1% of reported value.
The book was largely unchanged from Q2 2023.
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 · 70.5% · $94M
- Common Stock · 24.6% · $33M
- Closed-End Fund · 3.9% · $5M
- REIT · 1.0% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HDVISHARES TR | ADDED | +41.5K | 89.9K | +$4M | $9M |
| IGEISHARES TR | TRIMMED | −116.0K | 51.7K | −$4M | $2M |
| JPSTJ P MORGAN EXCHANGE TRADED F | TRIMMED | −4.7K | 19.7K | −$235,000 | $988,000 |
| DONWISDOMTREE TR | TRIMMED | −2.1K | 10.1K | −$98,000 | $415,000 |
| ESEVERSOURCE ENERGY | TRIMMED | −2.4K | 12.3K | −$326,000 | $714,000 |
| LATTICE STRATEGIES TR | TRIMMED | −23.7K | 137.4K | −$717,000 | $4M |
| DGROISHARES TR | TRIMMED | −14.5K | 88.7K | −$925,000 | $4M |
| RSPINVESCO EXCHANGE TRADED FD T | ADDED | +1.9K | 16.4K | +$150,000 | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYHISHARES TR | US HLTHCARE ETF · CORE HIGH DV ETF · PFD AND INCM SEC · CORE DIV GRWTH · CORE S&P TTL STK · NATIONAL MUN ETF · NORTH AMERN NAT · MSCI EAFE ETF · RUS MDCP VAL ETF · CORE S&P SCP ETF · CORE US AGGBD ET · COHEN STEER REIT | 34.13% | $45M | 692.0K |
| 2 | AAPLAPPLE INChistory → | COM | 17.37% | $23M | 135.1K |
| 3 | IAUISHARES GOLD TRhistory → | ISHARES NEW | 12.86% | $17M | 489.3K |
| 4 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 9.52% | $13M | 29.7K |
| 5 | XLESELECT SECTOR SPDR TR | ENERGY · SBI INT-UTILS · SBI INT-FINL · SBI CONS STPLS | 4.12% | $5M | 90.7K |
| 6 | XAWFXALLIANCEBERNSTEIN GLOBAL HIGhistory → | COM | 3.95% | $5M | 541.7K |
| 7 | DVYEISHARES INChistory → | EM MKTS DIV ETF | 2.98% | $4M | 166.6K |
| 8 | VVISA INChistory → | COM CL A | 2.85% | $4M | 16.5K |
| 9 | LATTICE STRATEGIES TR | HARTFORD MLT ETF | 2.65% | $4M | 137.4K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 2.47% | $3M | 10.4K |
| 11 | RSPINVESCO EXCHANGE TRADED FD Thistory → | S&P500 EQL WGT | 1.74% | $2M | 16.4K |
| 12 | DBAINVESCO DB MLTI SECTR CMMTYhistory → | AGRICULTURE FD | 1.41% | $2M | 87.5K |
| 13 | PDMPIEDMONT OFFICE REALTY TR INhistory → | COM CL A | 1.04% | $1M | 247.1K |
| 14 | JPSTJ P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 0.74% | $988,000 | 19.7K |
| 15 | INVESCO EXCHNG TRADED FD TR | S&P500 LOW VOL | 0.58% | $766,000 | 13.0K |
| 16 | ESEVERSOURCE ENERGY | COM | 0.54% | $714,000 | 12.3K |
| 17 | MOALTRIA GROUP INC | COM | 0.33% | $440,000 | 10.5K |
| 18 | DONWISDOMTREE TR | US MIDCAP DIVID | 0.31% | $415,000 | 10.1K |
| 19 | VZVERIZON COMMUNICATIONS INC | COM | 0.28% | $368,000 | 11.4K |
| 20 | TAT&T INC | COM | 0.16% | $208,000 | 13.8K |
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 ↗.