SEC 13F Intelligence

Managers / Q1 2021 · view latest →

COWA, LLC

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

Reported Value
$167M
Q1 2021
Positions
399
Filings on Record
23
2019–present window
Filed
May 5, 2021
original filing

Summary

Cowa, LLC reported $167M in U.S.-listed holdings across 399 positions for Q1 2021.

Its largest position, Spdr Dow Jones Industrial Average Etf, represents 4.2% of the portfolio.

Compared with Q4 2020, the fund opened 45 new positions and exited 63.

Portfolio Metrics

Turnover
+10.6%
vs prior filed quarter
Top-10 Concentration
+33.6%
share of reported value
Largest Position
+4.2%
Spdr Dow Jones Industrial Average Etf
New / Exited
45 / 63
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: 66.0%Common Stock: 28.9%MLP: 1.8%ADR: 1.5%Other: 1.3%Other: 0.4%
  • ETP · 66.0% · $110M
  • Common Stock · 28.9% · $48M
  • MLP · 1.8% · $3M
  • ADR · 1.5% · $3M
  • Other · 1.3% · $2M
  • Other · 0.4% · $693,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AVANTISNEW+16.8K16.8K+$1M$1M
MAGELLAN MIDSTREAM PA LPNEW+19.9K19.9K+$986,000$986,000
VRTXVERTEX PHARMACEUTICALS INCORPORATEDNEW+2.2K2.2K+$467,000$467,000
REGNREGENERON PHARMACEUTICALSNEW+838838+$399,000$399,000
QCOMQUALCOMM INCORPORATEDNEW+2.8K2.8K+$390,000$390,000
AVTAVNET INCORPORATEDNEW+8.0K8.0K+$348,000$348,000
SABRSABRE CORPORATIONNEW+12.1K12.1K+$187,000$187,000
SRSPIRE INCORPORATEDNEW+1.5K1.5K+$117,000$117,000

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

Holdings — Q1 2021

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRCORE MSCI EAFE · CORE S&P500 ETF · CORE HIGH DV ETF9.25%$15M137.4K
2SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUSTUT SER 14.19%$7M20.7K
3AAPLAPPLE INCORPORATEDhistory →COM3.55%$6M44.5K
4SCHWAB US DIVIDEND EQUITY ETFUS DIVIDEND EQ3.53%$6M79.2K
5ISHARESINTL SEL DIV ETF3.43%$6M178.5K
6SPDR SSGA ULTRA SHORTULT SHT TRM BD3.28%$5M135.2K
7SPDR STR UNIT · PRTFLO S&P500 HI3.18%$5M60.8K
8SPDR SSGA ULTRA SHORT TERM BONDULT SHT TRM BD2.99%$5M123.0K
9SPDR BLMBRG BRCLY INVBLOMBERG BRC INV2.93%$5M159.3K
10SPDR BLOOMBERG BARCLAYS INVESTMENTBLOMBERG BRC INV2.74%$5M149.3K
11ISHARES TR CORECORE S&P MCP ETF · CORE S&P SCP ETF2.64%$4M27.2K
12IAUUSDISHARES GOLDhistory →ISHARES2.48%$4M248.5K
13DFAIDIMENSIONAL INTERNhistory →INTL CORE EQT MK2.14%$4M127.3K
14NDQINVESCOhistory →UNIT SER 12.02%$3M23.7K
15VANGUARD FTSE ALL-WORLD EXALLWRLD EX US1.90%$3M51.1K
16OKEONEOK INCORPORATED NEWhistory →COM1.78%$3M58.2K
17DFAUDIMENSIONAL US COREhistory →US CORE EQT MKT1.67%$3M96.3K
18DFAIDIMENSIONAL INTERNATIONALhistory →INTL CORE EQT MK1.45%$2M84.5K
19SPDR PORTFOLIO SPRTFLO S&P500 HI1.35%$2M57.8K
20EPDENTERPRISE PRODUCTShistory →COM1.04%$2M75.8K
21SCHWAB US DIVIDENDUS DIVIDEND EQ1.03%$2M23.6K
22BMYBRISTOL-MYERS SQUIBB COMPANYCOM0.90%$1M23.8K
23COPCONOCOPHILLIPSCOM0.86%$1M27.8K
24ISHARES TR CRE U S REIT ETFCRE U S REIT ETF0.83%$1M25.9K
25SPDR SSGA US SMALL CAP LOW VOLATILITYSSGA US SMAL ETF0.82%$1M12.1K
26TAT T INCORPORATEDCOM0.82%$1M45.3K
27XLESPDR ENERGY SELECT SECTOR FUNDENERGY0.80%$1M27.4K
28ISHARES TR MSCIMSCI USA QLT FCT0.75%$1M10.0K
29BACBK OF AMERICA CORPORATIONCOM0.74%$1M31.0K
30AVANTISUS SML CP VALU0.73%$1M16.8K
31PSXPHILLIPS 66COM0.73%$1M15.3K
32INVESCO QQQ TRUSTFTSE RAFI 10000.71%$1M3.7K
33MCDMETROPOLITAN WEST TOTAL RETURN BD MCOM0.68%$1M104.4K
34BABAALIBABA GROUPSPONSORED ADS0.64%$1M4.8K
35ALERIAN MLP ETFALERIAN MLP0.62%$1M33.5K
36ISHARES CORECORE MSCI EAFE0.60%$1M14.3K
37WEPMAGELLAN MIDSTREAM PRTNRSCOM UNIT RP LP0.55%$914,00020.5K
38MSFTMICROSOFT CORPORATIONCOM0.54%$899,0003.5K
39CSCOCISCO SYSTEMS INCORPORATEDCOM0.50%$829,00015.9K
40JPMORGAN ULTRAULTRA SHT MUNCPL0.48%$801,00015.7K
41ABBVABBVIE INCORPORATEDCOM0.46%$771,0007.2K
42JPMJPMORGAN CHASECOM0.46%$767,0004.9K
43PEPPHILLIPS 67COM0.45%$755,0009.2K
44GMGENERAL MTRS COMPANYCOM0.44%$729,00012.1K
45PRUPRUDENTIAL FINL INCORPORATEDCOM0.44%$729,0007.7K

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 ↗.