SEC 13F Intelligence

Managers / Q4 2023 · view latest →

COWA, LLC

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

Reported Value
$160M
Q4 2023
Positions
110
Filings on Record
23
2019–present window
Filed
Jan 16, 2024
original filing

Summary

Cowa, LLC reported $160M in U.S.-listed holdings across 110 positions for Q4 2023.

Its largest position, Spdr, represents 7.6% of the portfolio.

Compared with Q3 2023, the fund opened 8 new positions and exited 3.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+47.0%
share of reported value
Largest Position
+7.6%
Spdr
New / Exited
8 / 3
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: 67.9%Common Stock: 28.1%MLP: 1.9%ADR: 1.6%Other: 0.6%Other: 0.0%
  • ETP · 67.9% · $109M
  • Common Stock · 28.1% · $45M
  • MLP · 1.9% · $3M
  • ADR · 1.6% · $3M
  • Other · 0.6% · $883,778
  • Other · 0.0% · $3,859

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PWRQUANTA SVCS INCNEW+3.8K3.8K+$828,672$828,672
TAT&T INCNEW+28.5K28.5K+$477,508$477,508
RTXRTX CORPORATIONNEW+4.5K4.5K+$381,407$381,407
PATHUIPATH INCNEW+12.0K12.0K+$298,080$298,080
GOOGALPHABET INCNEW+1.7K1.7K+$240,990$240,990
GOOGLALPHABET INCNEW+1.6K1.6K+$226,996$226,996
GENERAL ELECTRIC CONEW+1.8K1.8K+$226,033$226,033
ISHARES TRNEW+3.7K3.7K+$202,783$202,783

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

Holdings — Q4 2023

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRINTL SEL DIV ETF · CORE HIGH DV ETF · 0-3 MNTH TREASRY · CORE S&P500 ETF · CORE MSCI EAFE · CORE S&P MCP ETF · CORE S&P SCP ETF16.79%$27M453.1K
2DFIVDIMENSIONAL ETF TRUSTINTERNATNAL VAL · INTL CORE EQT MK · US CORE EQT MKT13.17%$21M659.9K
3SPDR SER TRPRTFLO S&P500 HI · S&P OILGAS EXP · SSGA US SMAL ETF · PRTFLO S&P500 VL · S&P REGL BKG9.95%$16M357.9K
4AMERICAN CENTY ETF TRUS SML CP VALU5.98%$10M106.8K
5SCHYSCHWAB STRATEGIC TRUS DIVIDEND EQ · SCHWAB FDT US LG · SCHWB FDT EMK LG · INTERNL DIVID5.34%$9M173.0K
6AAPLAPPLE INChistory →COM4.16%$7M34.7K
7ALPS ETF TRALERIAN MLP3.56%$6M134.2K
8OKEONEOK INC NEWhistory →COM3.35%$5M76.5K
9SPDR DOW JONES INDL AVERAGEUT SER 13.15%$5M13.4K
10GQ9SPDR GOLD TRhistory →GOLD SHS2.00%$3M16.8K
11IAU*ISHARES GOLD TRhistory →ISHARES NEW1.90%$3M78.1K
12COPCONOCOPHILLIPShistory →COM1.48%$2M20.4K
13EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.41%$2M85.7K
14VANGUARD INTL EQUITY INDEX FALLWRLD EX US1.26%$2M36.1K
15SHELSHELL PLChistory →SPON ADS1.09%$2M26.6K
16MSFTMICROSOFT CORPhistory →COM1.05%$2M4.5K
17SPDR S&P 500 ETF TRTR UNIT1.05%$2M3.5K
18BACBANK AMERICA CORPCOM0.97%$2M46.1K
19PSXPHILLIPS 66COM0.88%$1M10.7K
20XLESELECT SECTOR SPDR TRENERGY0.69%$1M13.1K
21INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.63%$1M6.4K
22AMGNAMGEN INCCOM0.61%$976,7173.4K
23IBMINTERNATIONAL BUSINESS MACHSCOM0.59%$944,8685.8K
24HDHOME DEPOT INCCOM0.56%$890,6342.6K
25ABBVABBVIE INCCOM0.55%$876,6575.7K
26PRUPRUDENTIAL FINL INCCOM0.52%$830,7428.0K
27PWRQUANTA SVCS INCCOM0.52%$828,6723.8K
28WMTWALMART INCCOM0.52%$827,7615.3K
29ARLPALLIANCE RESOURCE PARTNERS LUT LTD PART0.44%$710,75833.6K
30PAGPEURPLAINS GP HLDGS L PLTD PARTNR INT A0.44%$703,56244.1K
31DHRDANAHER CORPORATIONCOM0.42%$673,6622.9K
32EXMOCEXXON MOBIL CORPCOM0.42%$668,3666.7K
33KOCOCA COLA COCOM0.41%$664,27211.3K
34DALDELTA AIR LINES INC DELCOM NEW0.39%$628,83815.6K
35BPBP PLCSPONSORED ADR0.38%$614,54417.4K

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 ↗.