SEC 13F Intelligence

Managers / Q3 2021 · view latest →

COWA, LLC

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

Reported Value
$175M
Q3 2021
Positions
152
Filings on Record
23
2019–present window
Filed
Oct 22, 2021
original filing

Summary

Cowa, LLC reported $175M in U.S.-listed holdings across 152 positions for Q3 2021.

Its largest position, Spdr Ssga Ultra Short Term Bond Etf, represents 4.1% of the portfolio.

Compared with Q2 2021, the fund opened 25 new positions and exited 12.

Portfolio Metrics

Turnover
+10.6%
vs prior filed quarter
Top-10 Concentration
+33.4%
share of reported value
Largest Position
+4.1%
Spdr Ssga Ultra Short Term Bond Etf
New / Exited
25 / 12
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: 69.9%Common Stock: 24.1%REIT: 2.6%MLP: 1.7%ADR: 0.9%Other: 0.8%
  • ETP · 69.9% · $122M
  • Common Stock · 24.1% · $42M
  • REIT · 2.6% · $4M
  • MLP · 1.7% · $3M
  • ADR · 0.9% · $2M
  • Other · 0.8% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AAPLAPPLE INCORPORATEDNEW+42.8K42.8K+$6M$6M
OSCHWAB FUNDAMENTAL US LARGE CO INDEXNEW+188.1K188.1K+$4M$4M
INVESCO SP 500 EQUAL WEIGHT ETFNEW+22.4K22.4K+$3M$3M
SCHYSCHWAB INTERNATIONAL DIVIDEND EQUITY ETFNEW+56.7K56.7K+$1M$1M
PDCEUSDAVANTIS US SMALL CAP VALUE ETFNEW+14.8K14.8K+$1M$1M
ABRDN BLOOMBERG ALL COMMODITY STRATEGYNEW+36.5K36.5K+$1M$1M
ISHARES TR MSCI INTL MULTFTNEW+28.4K28.4K+$824,000$824,000
ISHARES TR MSCI USA VALUENEW+5.6K5.6K+$563,000$563,000

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

Holdings — Q3 2021

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SPDR SSGA ULTRA SHORT TERM BOND ETFULT SHT TRM BD4.12%$7M177.8K
2SCHWAB US DIVIDEND EQUITY ETFUS DIVIDEND EQ4.05%$7M95.0K
3SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUSTUT SER 13.73%$7M19.3K
4ISHARES TR CORE MSCI EAFECORE MSCI EAFE3.66%$6M86.0K
5SPDR BLOOMBERG BARCLAYS INVESTMENT GRADE FLOATINGBLOMBERG BRC INV3.55%$6M192.8K
6AAPLAPPLE INCORPORATEDhistory →COM3.47%$6M42.8K
7SPDR SSGA ULTRA SHORT TERM ETF IVULT SHT TRM BD3.24%$6M139.9K
8SPDR BLMBRG BRCLY INV GRFLTN ETF IVBLOMBERG BRC INV2.96%$5M168.6K
9ISHARES TR CORE SP500 ETFCORE S&P500 ETF2.90%$5M11.8K
10DFAIDIMENSIONAL INTERN CORE EQT MKT ETFhistory →INTL CORE EQT MK2.83%$5M170.7K
11ISHARES TR INTL SEL DIV ETFINTL SEL DIV ETF2.69%$5M154.2K
12OSCHWAB FUNDAMENTAL US LARGE CO INDEXhistory →COM2.41%$4M188.1K
13SPDR PORTFOLIO SP 500 HIGH DIVIDEND ETFPRTFLO S&P500 HI2.22%$4M99.3K
14ISHARES TR CORE HIGH DV ETFCORE HIGH DV ETF1.99%$3M34.8K
15OKEONEOK INCORPORATED NEWhistory →COM1.98%$3M59.6K
16INVESCO SP 500 EQUAL WEIGHT ETFS&P500 EQL WGT1.94%$3M22.4K
17IAU*ISHARES GOLD TR ISHARES NEWhistory →ISHARES NEW1.93%$3M100.9K
18SPDR SP 500 ETFTR UNIT1.88%$3M7.6K
19VANGUARD FTSE ALLWORLD EXUS ETFALLWRLD EX US1.81%$3M51.9K
20DFAIDIMENSIONAL INTERNATIONAL CORE EQUITY MARKET ETFhistory →INTL CORE EQT MK1.56%$3M94.0K
21DFAUDIMENSIONAL US CORE EQUITY MARKET ETFhistory →US CORE EQT MKT1.40%$2M81.4K
22SPDR SP 500 HIGH DIVIDEND ETF IVPRTFLO S&P500 HI1.37%$2M60.6K
23ISHARES TR CORE SP SCP ETFCORE S&P SCP ETF1.27%$2M20.4K
24ISHARES TR CORE SP MCP ETFCORE S&P MCP ETF1.25%$2M8.3K
25ISHARES TR CRE U S REIT ETFCRE U S REIT ETF1.23%$2M36.6K
26DFAUDIMENSIONAL US CORE EQUITY MARKT ETFhistory →US CORE EQT MKT1.05%$2M60.6K
27ISHARES TR MSCI USA QLT FCTMSCI USA QLT FCT1.02%$2M13.6K
28EPDENTERPRISE PRODUCTS PARTNERS L PCOM0.97%$2M28.9K
29ALERIAN MLP ETFALERIAN MLP0.92%$2M48.0K
30COPCONOCOPHILLIPSCOM0.90%$2M23.1K
31AVANTIS U.S. SMALL CAP VALUE ETFUS SML CP VALU0.87%$2M20.2K
32ISHARES CORE SP MID CAPETF IVCORE S&P MCP ETF0.86%$2M5.7K
33SCHYSCHWAB INTERNATIONAL DIVIDEND EQUITY ETFINTERNL DIVID0.81%$1M56.7K
34BACBK OF AMERICA CORPORATIONCOM0.77%$1M31.5K
35GQ9SPDR GOLD SHARESGOLD SHS0.65%$1M7.0K
36PDCEUSDAVANTIS US SMALL CAP VALUE ETFCOM0.65%$1M14.8K
37JPMORGAN ULTRASHORT MUNICIPAL INCOME ETFULTRA SHT MUNCPL0.63%$1M21.5K
38ABRDN BLOOMBERG ALL COMMODITY STRATEGYBBRG ALL COMD K10.59%$1M36.5K
39TATT INCORPORATEDCOM0.57%$1M37.1K
40PSXPHILLIPS 66COM0.57%$993,00014.2K
41BMYBRISTOLMYERS SQUIBB COMPANYCOM0.56%$971,00016.4K
42XLESPDR ENERGY SELECT SECTOR FUNDENERGY0.55%$961,00018.4K
43WEPMAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LPCOM UNIT RP LP0.53%$933,00021.1K
44ISHARES CORE MSCI TOTL INTL STCK ETFCORE MSCI EAFE0.53%$931,00013.1K
45SPDR SSGA US SMALL CAP LOW VOLATILITY INDEX ETFSSGA US SMAL ETF0.53%$931,0008.3K
46DHRDANAHER CORPORATIONCOM0.51%$888,0002.9K
47CSCOCISCO SYSTEMS INCORPORATEDCOM0.50%$866,00015.9K
48MSFTMICROSOFT CORPORATIONCOM0.49%$859,0003.0K

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 ↗.