Managers / Q4 2023 · view latest →
Sowa Financial Group, Inc.
CIK 0001806226 · 24 ALBION ROAD, SUITE 340, LINCOLN, RI, 02865 · 4014348090
Summary
Sowa Financial Group, Inc. reported $123M in U.S.-listed holdings across 30 positions for Q4 2023.
The portfolio is heavily concentrated: IYH alone accounts for 30.6% of reported value.
Compared with Q3 2023, the fund opened 1 new position and exited 5.
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 · 69.2% · $85M
- Common Stock · 25.4% · $31M
- Closed-End Fund · 4.1% · $5M
- REIT · 1.3% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LFMDLIFEMD INC | NEW | +25.0K | 25.0K | +$207,000 | $207,000 |
| MSFTMICROSOFT CORP | SOLD OUT | −10.4K | 0 | −$3M | $0 |
| MUBISHARES TR | SOLD OUT | −26.8K | 0 | −$3M | $0 |
| AGGISHARES TR | SOLD OUT | −12.3K | 0 | −$1M | $0 |
| INVESCO EXCHNG TRADED FD TR | SOLD OUT | −13.0K | 0 | −$766,000 | $0 |
| DONWISDOMTREE TR | SOLD OUT | −10.1K | 0 | −$415,000 | $0 |
| DGROISHARES TR | TRIMMED | −22.9K | 65.9K | −$850,000 | $4M |
| ICFISHARES TR | TRIMMED | −4.2K | 13.0K | −$101,000 | $761,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYHISHARES TR | US HLTHCARE ETF · PFD AND INCM SEC · CORE HIGH DV ETF · CORE DIV GRWTH · CORE S&P TTL STK · MSCI EAFE ETF · NORTH AMERN NAT · RUS MDCP VAL ETF · CORE S&P SCP ETF · COHEN STEER REIT | 30.60% | $38M | 560.5K |
| 2 | AAPLAPPLE INChistory → | COM | 20.28% | $25M | 129.1K |
| 3 | IAUISHARES GOLD TRhistory → | ISHARES NEW | 15.45% | $19M | 485.2K |
| 4 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 9.35% | $11M | 24.1K |
| 5 | XLESELECT SECTOR SPDR TR | ENERGY · SBI INT-UTILS · SBI INT-FINL · SBI CONS STPLS | 4.19% | $5M | 81.8K |
| 6 | XAWFXALLIANCEBERNSTEIN GLOBAL HIGhistory → | COM | 4.13% | $5M | 500.2K |
| 7 | VVISA INChistory → | COM CL A | 3.47% | $4M | 16.3K |
| 8 | DVYEISHARES INChistory → | EM MKTS DIV ETF | 3.23% | $4M | 149.2K |
| 9 | LATTICE STRATEGIES TR | HARTFORD MLT ETF | 2.47% | $3M | 110.6K |
| 10 | RSPINVESCO EXCHANGE TRADED FD Thistory → | S&P500 EQL WGT | 1.92% | $2M | 14.9K |
| 11 | DBAINVESCO DB MLTI SECTR CMMTYhistory → | AGRICULTURE FD | 1.31% | $2M | 77.3K |
| 12 | PDMPIEDMONT OFFICE REALTY TR INhistory → | COM CL A | 1.27% | $2M | 219.3K |
| 13 | JPSTJ P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 0.68% | $838,000 | 16.7K |
| 14 | ESEVERSOURCE ENERGY | COM | 0.62% | $766,000 | 12.4K |
| 15 | MOALTRIA GROUP INC | COM | 0.35% | $430,000 | 10.7K |
| 16 | VZVERIZON COMMUNICATIONS INC | COM | 0.33% | $406,000 | 10.8K |
| 17 | TAT&T INC | COM | 0.18% | $219,000 | 13.1K |
| 18 | LFMDLIFEMD INC | COM | 0.17% | $207,000 | 25.0K |
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 ↗.