SEC 13F Intelligence

Managers / Q1 2026

COWA, LLC

CIK 0001844480 · 8801 S. YALE AVENUE, SUITE 420, TULSA, OK, 74137 · 918-984-9110

Reported Value
$371M
Q1 2026
Positions
158
Filings on Record
23
2019–present window
Filed
May 14, 2026
original filing

Summary

Cowa, LLC reported $371M in U.S.-listed holdings across 158 positions for Q1 2026.

Its largest position, Ishares Tr, represents 6.9% of the portfolio.

Compared with Q4 2025, the fund opened 11 new positions and exited 5.

Portfolio Metrics

Turnover
+4.3%
vs prior filed quarter
Top-10 Concentration
+48.7%
share of reported value
Largest Position
+6.9%
Ishares Tr
New / Exited
11 / 5
positions this quarter

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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’20: $131MQ4 ’20Q1 ’21: $167MQ2 ’21: $161MQ3 ’21: $175MQ3 ’21Q4 ’21: $199MQ1 ’22: $201MQ2 ’22: $174MQ2 ’22Q3 ’22: $152MQ4 ’22: $161MQ1 ’23: $123MQ1 ’23Q2 ’23: $152MQ3 ’23: $148MQ4 ’23: $160MQ4 ’23Q1 ’24: $170MQ2 ’24: $187MQ3 ’24: $210MQ3 ’24Q4 ’24: $217MQ1 ’25: $234MQ2 ’25: $263MQ2 ’25Q3 ’25: $301MQ4 ’25: $329MQ1 ’26: $371MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 73.8%Common Stock: 24.3%MLP: 1.1%ADR: 0.8%Other: 0.1%Other: 0.0%
  • ETP · 73.8% · $273M
  • Common Stock · 24.3% · $90M
  • MLP · 1.1% · $4M
  • ADR · 0.8% · $3M
  • Other · 0.1% · $243,369
  • Other · 0.0% · $611

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+25.2K25.2K+$764,337$764,337
ISHARES TRNEW+2.4K2.4K+$587,748$587,748
CMCSACOMCAST CORP NEWNEW+12.9K12.9K+$369,067$369,067
SERIES PORTFOLIOS TRNEW+9.9K9.9K+$269,139$269,139
ASTRAZENECA PLCNEW+1.2K1.2K+$243,369$243,369
GSKGSK PLCNEW+4.0K4.0K+$221,257$221,257
ISHARES TRNEW+1.4K1.4K+$211,217$211,217
AMATAPPLIED MATLS INCNEW+615615+$210,201$210,201

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

30 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRIBONDS 2026 TERM · IBONDS DEC2026 · IBONDS DEC 2032 · INTL SEL DIV ETF · IBONDS DEC 2031 · CORE HIGH DV ETF · 0-3 MNTH TREASRY · CORE MSCI EAFE · IBONDS 27 ETF · IBDS DEC28 ETF · MSCI USA MIN VOL · IBONDS DEC 2033 · IBONDS DEC 29 · MSCI USA QLT FCT30.96%$115M4.01M
2DFIVDIMENSIONAL ETF TRUSTINTERNATNAL VAL · INTL CORE EQT MK · US CORE EQT MKT · US LARGE CAP VAL9.21%$34M708.0K
3AMERICAN CENTY ETF TRUS SML CP VALU · INTL SMCP VLU8.75%$32M300.7K
4SCHWAB STRATEGIC TRFUNDAMENTAL EMER · FUNDAMENTAL US L · US DIVIDEND EQ6.12%$23M682.0K
5FIXCOMFORT SYS USA INChistory →COM4.47%$17M12.0K
6AAPLAPPLE INChistory →COM3.70%$14M43.2K
7SPDR SERIES TRUSTSTATE STREET SPD2.65%$10M207.3K
8SIMPLIFY EXCHANGE TRADED FUNMANAGED FUTURES2.46%$9M301.3K
9STATE STR SPDR DOW JONES INDUT SER 11.56%$6M12.5K
10OKEONEOK INC NEWhistory →COM1.44%$5M59.2K
11VANGUARD WHITEHALL FDSINTL HIGH ETF1.15%$4M45.3K
12ALPS ETF TRALERIAN MLP1.07%$4M75.1K
13INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT1.05%$4M20.4K
14EPDENTERPRISE PRODS PARTNERS LCOM0.78%$3M76.3K
15GQ9SPDR GOLD TRGOLD SHS0.74%$3M6.4K
16COPCONOCOPHILLIPSCOM0.72%$3M20.3K
17IAU*ISHARES GOLD TRISHARES NEW0.72%$3M30.3K
18NVDANVIDIA CORPORATIONCOM0.71%$3M15.1K
19VANGUARD INTL EQUITY INDEX FALLWRLD EX US0.67%$2M33.3K
20UPSUNITED PARCEL SVCS INCCL B0.58%$2M21.7K
21MSFTMICROSOFT CORPCOM0.51%$2M5.1K
22STATE STR SPDR S&P 500 ETF TTR UNIT0.48%$2M2.7K
23WMTWALMART INCCOM0.48%$2M14.2K
24PWRQUANTA SVCS INCCOM0.40%$1M2.7K
25WISDOMTREE TRBLMBG US BULL0.39%$1M54.6K
26PSXPHILLIPS 66COM0.39%$1M7.9K
27EXMOCEXXON MOBIL CORPCOM0.36%$1M8.0K
28BMYBRISTOL-MYERS SQUIBB COCOM0.35%$1M21.1K
29ABBVABBVIE INCCOM0.34%$1M5.8K
30KMBKIMBERLY-CLARK CORPCOM0.32%$1M12.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$371M158May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$329M153Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$301M141Nov 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$263M131Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$234M125May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$217M122Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$210M128Nov 1, 202413F-HRchanges · EDGAR ↗
Q2 2024$187M126Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$170M119May 7, 202413F-HRchanges · EDGAR ↗
Q4 2023$160M110Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$148M105Oct 30, 202313F-HRchanges · EDGAR ↗
Q2 2023$152M106Jul 25, 202313F-HRchanges · EDGAR ↗
Q1 2023$123M122May 4, 202313F-HRchanges · EDGAR ↗
Q4 2022$161M116Jan 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$152M404Nov 4, 202213F-HRchanges · EDGAR ↗
Q2 2022$174M137Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$201M158May 18, 2022RESTATEMENTchanges · EDGAR ↗
Q4 2021$199M157Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$175M152Oct 22, 202113F-HRchanges · EDGAR ↗
Q2 2021$161M140Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$167M399May 5, 202113F-HRchanges · EDGAR ↗
Q4 2020$131M422Feb 5, 202113F-HRchanges · 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 ↗.