SEC 13F Intelligence

Managers / Q1 2023 · view latest →

COWA, LLC

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

Reported Value
$123M
Q1 2023
Positions
122
Filings on Record
23
2019–present window
Filed
May 4, 2023
original filing

Summary

Cowa, LLC reported $123M in U.S.-listed holdings across 122 positions for Q1 2023.

Its largest position, Spdr, represents 6.6% of the portfolio.

Compared with Q4 2022, the fund opened 12 new positions and exited 6.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+41.1%
share of reported value
Largest Position
+6.6%
Spdr
New / Exited
12 / 6
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: 61.3%Common Stock: 31.7%MLP: 3.6%ADR: 2.4%Other: 0.9%Other: 0.2%
  • ETP · 61.3% · $75M
  • Common Stock · 31.7% · $39M
  • MLP · 3.6% · $4M
  • ADR · 2.4% · $3M
  • Other · 0.9% · $1M
  • Other · 0.2% · $200,609

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IEXIDEX CORPNEW+1.4K1.4K+$326,907$326,907
DVNDEVON ENERGY CORP NEWNEW+6.4K6.4K+$324,553$324,553
MAMASTERCARD INCORPORATEDNEW+585585+$212,595$212,595
MRO*MARATHON OIL CORPNEW+8.7K8.7K+$207,254$207,254
AMERICAN CENTY ETF TRNEW+104.1K104.1K+$57,485$57,485
VANGUARD SPECIALIZED FUNDSNEW+124.0K124.0K+$47,003$47,003
VANGUARD INDEX FDSNEW+67.3K67.3K+$14,442$14,442
XRNPXCOHEN & STEERS REIT & PFD &NEW+29.4K29.4K+$1,500$1,500

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

Holdings — Q1 2023

37 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRINTL SEL DIV ETF · CORE HIGH DV ETF · CORE S&P500 ETF · CORE MSCI EAFE · CORE S&P MCP ETF · CRE U S REIT ETF · CORE S&P SCP ETF16.84%$21M5.96M
2SPDR SER TRPRTFLO S&P500 HI · S&P OILGAS EXP · SSGA US SMAL ETF · PRTFLO S&P500 VL9.69%$12M4.95M
3DFIVDIMENSIONAL ETF TRUSTINTERNATNAL VAL · INTL CORE EQT MK · US CORE EQT MKT7.17%$9M8.57M
4SCHYSCHWAB STRATEGIC TRUS DIVIDEND EQ · SCHWAB FDT US LG · INTERNL DIVID4.99%$6M777.3K
5AAPLAPPLE INChistory →COM4.73%$6M35.2K
6AMERICAN CENTY ETF TRUS SML CP VALU3.94%$5M2.35M
7SPDR DOW JONES INDL AVERAGEUT SER 13.91%$5M14.4K
8OKEONEOK INC NEWhistory →COM2.92%$4M56.3K
9GQ9SPDR GOLD TRhistory →GOLD SHS2.45%$3M484.8K
10ALPS ETF TRALERIAN MLP2.43%$3M165.6K
11IAU*ISHARES GOLD TRhistory →ISHARES NEW2.43%$3M79.7K
12EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.85%$2M87.7K
13ATVIEURACTIVISION BLIZZARD INChistory →COM1.53%$2M22.0K
14VANGUARD INTL EQUITY INDEX FALLWRLD EX US1.44%$2M33.1K
15SHELSHELL PLChistory →SPON ADS1.29%$2M88.1K
16XLESELECT SECTOR SPDR TRhistory →ENERGY1.17%$1M17.4K
17WEPMAGELLAN MIDSTREAM PRTNRS LPhistory →COM UNIT RP LP1.16%$1M26.3K
18COPCONOCOPHILLIPShistory →COM1.10%$1M747.2K
19SPDR S&P 500 ETF TRTR UNIT1.07%$1M156.2K
20MSFTMICROSOFT CORPCOM0.94%$1M4.0K
21BACBANK AMERICA CORPCOM0.91%$1M39.0K
22ABBVABBVIE INCCOM0.76%$933,4305.9K
23PSXPHILLIPS 66COM0.70%$856,6608.4K
24VANECK ETF TRUSTGOLD MINERS ETF0.65%$797,81624.7K
25CHVCHEVRON CORP NEWCOM0.63%$770,01219.9K
26HDHOME DEPOT INCCOM0.62%$758,4582.6K
27BPBP PLCSPONSORED ADR0.61%$747,79819.7K
28DHRDANAHER CORPORATIONCOM0.60%$733,9402.9K
29AMGNAMGEN INCCOM0.59%$726,0153.0K
30EXMOCEXXON MOBIL CORPCOM0.59%$725,9496.6K
31WMTWALMART INCCOM0.58%$705,45278.0K
32IBMINTERNATIONAL BUSINESS MACHSCOM0.57%$694,1295.3K
33ORION ENGINEERED CARBONS S ACOM0.56%$684,49726.2K
34ARLPALLIANCE RESOURCE PARTNERS LUT LTD PART0.55%$676,86533.6K
35KOCOCA COLA COCOM0.54%$660,33210.6K
36PRUPRUDENTIAL FINL INCCOM0.53%$655,7857.9K
37ORIOLD REP INTL CORPCOM0.49%$602,42124.1K

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 ↗.