SEC 13F Intelligence

Managers / Q2 2023 · view latest →

COWA, LLC

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

Reported Value
$152M
Q2 2023
Positions
106
Filings on Record
23
2019–present window
Filed
Jul 25, 2023
original filing

Summary

Cowa, LLC reported $152M in U.S.-listed holdings across 106 positions for Q2 2023.

Its largest position, Spdr, represents 8.1% of the portfolio.

Compared with Q1 2023, the fund opened 2 new positions and exited 18.

Portfolio Metrics

Turnover
+5.3%
vs prior filed quarter
Top-10 Concentration
+46.2%
share of reported value
Largest Position
+8.1%
Spdr
New / Exited
2 / 18
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: 68.2%Common Stock: 26.6%MLP: 2.7%ADR: 1.9%Other: 0.5%Other: 0.1%
  • ETP · 68.2% · $104M
  • Common Stock · 26.6% · $40M
  • MLP · 2.7% · $4M
  • ADR · 1.9% · $3M
  • Other · 0.5% · $798,896
  • Other · 0.1% · $193,535

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR SER TRNEW+8.2K8.2K+$334,599$334,599
LNCLINCOLN NATL CORP INDNEW+10.7K10.7K+$275,117$275,117
SCHWAB STRATEGIC TRADDED+13.9K27.1K+$382,103$725,746
HTZHERTZ GLOBAL HLDGS INCSOLD OUT−23.7K0−$385,666$0
ABRDN ETFSSOLD OUT−17.8K0−$370,620$0
IEXIDEX CORPSOLD OUT−1.4K0−$326,907$0
ISHARES INCSOLD OUT−11.5K0−$281,695$0
OXYOCCIDENTAL PETE CORPSOLD OUT−3.8K0−$236,480$0

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

Holdings — Q2 2023

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRINTL SEL DIV ETF · CORE HIGH DV ETF · 0-3 MNTH TREASRY · CORE S&P MCP ETF · CORE S&P500 ETF · CORE MSCI EAFE · CORE S&P SCP ETF18.77%$29M505.6K
2DFAIDIMENSIONAL ETF TRUSTINTL CORE EQT MK · INTERNATNAL VAL · US CORE EQT MKT12.08%$18M611.1K
3SPDR SER TRPRTFLO S&P500 HI · S&P OILGAS EXP · SSGA US SMAL ETF · PRTFLO S&P500 VL10.06%$15M366.4K
4SCHYSCHWAB STRATEGIC TRSCHWAB FDT US LG · US DIVIDEND EQ · INTERNL DIVID · SCHWB FDT EMK LG6.19%$9M183.2K
5AMERICAN CENTY ETF TRUS SML CP VALU5.08%$8M99.3K
6AAPLAPPLE INChistory →COM4.48%$7M35.1K
7SPDR DOW JONES INDL AVERAGEUT SER 13.10%$5M13.7K
8ALPS ETF TRALERIAN MLP2.79%$4M108.2K
9OKEONEOK INC NEWhistory →COM2.62%$4M64.6K
10GQ9SPDR GOLD TRhistory →GOLD SHS1.91%$3M16.3K
11IAU*ISHARES GOLD TRhistory →ISHARES NEW1.86%$3M77.5K
12EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.52%$2M87.8K
13COPCONOCOPHILLIPShistory →COM1.39%$2M20.3K
14VANGUARD INTL EQUITY INDEX FALLWRLD EX US1.19%$2M33.3K
15ATVIEURACTIVISION BLIZZARD INChistory →COM1.09%$2M19.7K
16SHELSHELL PLChistory →SPON ADS1.07%$2M26.9K
17SPDR S&P 500 ETF TRTR UNIT1.04%$2M3.6K
18MSFTMICROSOFT CORPCOM0.89%$1M4.0K
19BACBANK AMERICA CORPCOM0.75%$1M39.5K
20PSXPHILLIPS 66COM0.73%$1M11.7K
21WEPMAGELLAN MIDSTREAM PRTNRS LPCOM UNIT RP LP0.72%$1M17.6K
22XLESELECT SECTOR SPDR TRENERGY0.71%$1M13.4K
23INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.66%$1M6.7K
24WMTWALMART INCCOM0.55%$829,1945.3K
25ABBVABBVIE INCCOM0.54%$816,0246.1K
26EXMOCEXXON MOBIL CORPCOM0.54%$813,4917.6K
27DALDELTA AIR LINES INC DELCOM NEW0.53%$812,26817.1K
28HDHOME DEPOT INCCOM0.53%$798,3452.6K
29IBMINTERNATIONAL BUSINESS MACHSCOM0.51%$768,6045.7K
30AMGNAMGEN INCCOM0.49%$749,9083.4K
31PRUPRUDENTIAL FINL INCCOM0.46%$701,8908.0K
32DHRDANAHER CORPORATIONCOM0.46%$698,8802.9K
33CHVCHEVRON CORP NEWCOM0.44%$670,2584.3K
34BPBP PLCSPONSORED ADR0.43%$654,98218.6K
35PAGPEURPLAINS GP HLDGS L PLTD PARTNR INT A0.43%$651,77544.0K
36KOCOCA COLA COCOM0.42%$641,75810.7K

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 ↗.