SEC 13F Intelligence

Managers / Q2 2021 · view latest →

COWA, LLC

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

Reported Value
$161M
Q2 2021
Positions
140
Filings on Record
23
2019–present window
Filed
Aug 2, 2021
original filing

Summary

Cowa, LLC reported $161M in U.S.-listed holdings across 140 positions for Q2 2021.

Its largest position, Spdr Dow Jones Industrial Average Etf, represents 4.4% of the portfolio.

Compared with Q1 2021, the fund opened 5 new positions and exited 246.

Portfolio Metrics

Turnover
+12.4%
vs prior filed quarter
Top-10 Concentration
+36.5%
share of reported value
Largest Position
+4.4%
Spdr Dow Jones Industrial Average Etf
New / Exited
5 / 246
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: 72.6%Common Stock: 22.7%MLP: 2.0%ADR: 1.5%Other: 1.0%Other: 0.2%
  • ETP · 72.6% · $117M
  • Common Stock · 22.7% · $36M
  • MLP · 2.0% · $3M
  • ADR · 1.5% · $2M
  • Other · 1.0% · $2M
  • Other · 0.2% · $249,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IAU*ISHARES GOLD TR ISHARES NEWNEW+125.9K125.9K+$4M$4M
FTC SOLAR INCORPORATEDNEW+22.6K22.6K+$299,000$299,000
FUBOGBPFUBOTV INCORPORATEDNEW+9.0K9.0K+$280,000$280,000
BTOB2GOLD CORPORATIONNEW+49.8K49.8K+$208,000$208,000
KGCKINROSS GOLD CORPORATIONNEW+23.6K23.6K+$149,000$149,000
AXPAMERICAN EXPRESS COMPANYADDED+103.9K105.0K−$60,000$107,000
MRO*MARATHON OIL CORPORATIONADDED+18.8K22.6K+$278,000$321,000
SPDR PORTFOLIO SHORT TERM TREASURY ETFADDED+5.7K7.3K+$171,000$224,000

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

Holdings — Q2 2021

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWAB US DIVIDEND EQUITY ETFUS DIVIDEND EQ4.99%$8M106.7K
2SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUSTUT SER 14.36%$7M20.3K
3ISHARES TR CORE MSCI EAFECORE MSCI EAFE4.25%$7M91.0K
4SPDR SSGA ULTRA SHORT TERM ETF IVULT SHT TRM BD3.75%$6M148.6K
5SPDR SSGA ULTRA SHORT TERM BOND ETFULT SHT TRM BD3.73%$6M149.6K
6ISHARES TR INTL SEL DIV ETFINTL SEL DIV ETF3.55%$6M177.9K
7SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATINGBLOMBERG BRC INV3.53%$6M182.7K
8ISHARES TR CORE SP500 ETFCORE S&P500 ETF3.42%$5M12.8K
9SPDR BLMBRG BRCLY INV GRFLTN ETF IVBLOMBERG BRC INV3.39%$5M177.6K
10DFAIDIMENSIONAL INTERN CORE EQT MKT ETFhistory →INTL CORE EQT MK2.76%$4M152.0K
11IAU*ISHARES GOLD TR ISHARES NEWhistory →ISHARES NEW2.65%$4M125.9K
12ISHARES TR CORE HIGH DV ETFCORE HIGH DV ETF2.43%$4M40.2K
13NDQINVESCO SP 500 EQUAL WEIGHT ETFhistory →UNIT SER 12.23%$4M23.7K
14OKEONEOK INCORPORATED NEWhistory →COM2.10%$3M59.3K
15VANGUARD FTSE ALLWORLD EXUS ETFALLWRLD EX US2.04%$3M51.5K
16SPDR PORTFOLIO SP 500 HIGH DIVIDEND ETFPRTFLO S&P500 HI1.56%$3M62.7K
17DFAIDIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETFhistory →INTL CORE EQT MK1.55%$2M84.7K
18ISHARES TR CORE SP MCP ETFCORE S&P MCP ETF1.54%$2M9.2K
19SPDR SP 500 HIGH DIVIDEND ETF IVPRTFLO S&P500 HI1.51%$2M60.4K
20PSXPHILLIPS 66COM1.40%$2M26.2K
21DFAUDIMENSIONAL US CORE EQUITY MARKET ETFhistory →US CORE EQT MKT1.32%$2M69.9K
22ISHARES TR CORE SP SCP ETFCORE S&P SCP ETF1.25%$2M17.8K
23EPDENTERPRISE PRODUCTS PARTNERS L Phistory →COM1.20%$2M78.4K
24SPDR SP 500 ETFTR UNIT1.18%$2M4.4K
25ISHARES TR CRE U S REIT ETFCRE U S REIT ETF1.01%$2M27.8K
26BMYBRISTOLMYERS SQUIBB COMPANYCOM0.98%$2M23.5K
27ISHARES CORE SP MID CAPETF IVCORE S&P MCP ETF0.95%$2M5.7K
28XLESPDR ENERGY SELECT SECTOR FUNDENERGY0.94%$2M27.6K
29SPDR SP 500 ETF IVTR UNIT0.93%$1M3.5K
30SPDR SSGA US SMALL CAP LOW VOLATILITY INDEX ETFSSGA US SMAL ETF0.87%$1M12.3K
31COPCONOCOPHILLIPSCOM0.86%$1M22.5K
32AVANTIS U.S. SMALL CAP VALUE ETFUS SML CP VALU0.84%$1M17.6K
33ISHARES TR MSCI USA QLT FCTMSCI USA QLT FCT0.83%$1M10.0K
34BABAALIBABA GROUP HLDG LIMITED SPONSORED ADSSPONSORED ADS0.82%$1M5.9K
35ALERIAN MLP ETFALERIAN MLP0.82%$1M36.4K
36DFAUDIMENSIONAL US CORE EQUITY MARKT ETFUS CORE EQT MKT0.81%$1M43.1K
37BACBK OF AMERICA CORPORATIONCOM0.79%$1M31.1K
38TATT INCORPORATEDCOM0.76%$1M42.2K
39WEPMAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LPCOM UNIT RP LP0.66%$1M21.5K
40ISHARES CORE MSCI TOTL INTL STCK ETFCORE MSCI EAFE0.65%$1M14.3K
41JPMORGAN ULTRASHORT MUNICIPAL INCOME ETFULTRA SHT MUNCPL0.64%$1M20.0K
42INVESCO QQQ TRUSTFTSE RAFI 10000.61%$974,0002.7K
43MSFTMICROSOFT CORPORATIONCOM0.59%$955,0003.5K
44CSCOCISCO SYSTEMS INCORPORATEDCOM0.54%$867,00016.2K
45ABBVABBVIE INCORPORATEDCOM0.52%$830,0007.3K
46PRUPRUDENTIAL FINL INCORPORATEDCOM0.51%$811,0007.9K
47DHRDANAHER CORPORATIONCOM0.49%$794,0002.9K
48VANGUARD REAL ESTATE ETF IVREAL ESTATE ETF0.49%$789,0007.7K

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 ↗.