SEC 13F Intelligence

Managers / Q1 2024 · view latest →

COWA, LLC

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

Reported Value
$170M
Q1 2024
Positions
119
Filings on Record
23
2019–present window
Filed
May 7, 2024
original filing

Summary

Cowa, LLC reported $170M in U.S.-listed holdings across 119 positions for Q1 2024.

Its largest position, American Centy Etf Tr, represents 7.3% of the portfolio.

Compared with Q4 2023, the fund opened 17 new positions and exited 8.

Portfolio Metrics

Turnover
+8.9%
vs prior filed quarter
Top-10 Concentration
+42.4%
share of reported value
Largest Position
+7.3%
American Centy Etf Tr
New / Exited
17 / 8
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: 67.7%Common Stock: 28.8%MLP: 1.9%ADR: 1.4%Other: 0.3%Other: 0.0%
  • ETP · 67.7% · $115M
  • Common Stock · 28.8% · $49M
  • MLP · 1.9% · $3M
  • ADR · 1.4% · $2M
  • Other · 0.3% · $469,913
  • Other · 0.0% · $6,278

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FIXCOMFORT SYS USA INCNEW+3.7K3.7K+$1M$1M
VANGUARD WHITEHALL FDSNEW+15.4K15.4K+$1M$1M
AMERICAN CENTY ETF TRNEW+15.8K15.8K+$1M$1M
ISHARES TRNEW+35.5K35.5K+$829,031$829,031
SPDR SER TRNEW+11.5K11.5K+$543,675$543,675
SPDR SER TRNEW+8.2K8.2K+$494,899$494,899
INVESCO EXCH TRADED FD TR IINEW+10.3K10.3K+$456,444$456,444
XLBSELECT SECTOR SPDR TRNEW+3.5K3.5K+$324,000$324,000

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

Holdings — Q1 2024

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRINTL SEL DIV ETF · CORE HIGH DV ETF · 0-3 MNTH TREASRY · CORE MSCI EAFE · CORE S&P500 ETF · CORE S&P MCP ETF · CRE U S REIT ETF · CORE S&P SCP ETF · IBONDS 25 TRM HG16.35%$28M485.6K
2DFIVDIMENSIONAL ETF TRUSTINTERNATNAL VAL · INTL CORE EQT MK · US CORE EQT MKT13.45%$23M662.7K
3AMERICAN CENTY ETF TRUS SML CP VALU · INTL SMCP VLU7.90%$13M147.7K
4SCHYSCHWAB STRATEGIC TRUS DIVIDEND EQ · SCHWAB FDT US LG · SCHWB FDT EMK LG · INTERNL DIVID5.55%$9M193.6K
5SPDR SER TRPRTFLO S&P500 HI · S&P REGL BKG · SSGA US SMAL ETF4.32%$7M159.5K
6ALPS ETF TRALERIAN MLP4.03%$7M143.9K
7AAPLAPPLE INChistory →COM3.39%$6M33.6K
8OKEONEOK INC NEWhistory →COM3.37%$6M71.3K
9SPDR DOW JONES INDL AVERAGEUT SER 13.09%$5M13.2K
10GQ9SPDR GOLD TRhistory →GOLD SHS2.52%$4M20.8K
11IAU*ISHARES GOLD TRhistory →ISHARES NEW2.01%$3M81.1K
12COPCONOCOPHILLIPShistory →COM1.52%$3M20.2K
13EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.47%$3M85.8K
14VANGUARD INTL EQUITY INDEX FALLWRLD EX US1.20%$2M34.8K
15MSFTMICROSOFT CORPhistory →COM1.13%$2M4.6K
16BACBANK AMERICA CORPhistory →COM1.07%$2M47.8K
17SHELSHELL PLChistory →SPON ADS1.02%$2M25.7K
18SPDR S&P 500 ETF TRTR UNIT1.00%$2M3.2K
19INVESCO EXCHANGE TRADED FD TS&P500 EQL WGT0.96%$2M9.6K
20PSXPHILLIPS 66COM0.93%$2M9.6K
21FIXCOMFORT SYS USA INCCOM0.69%$1M3.7K
22IBMINTERNATIONAL BUSINESS MACHSCOM0.65%$1M5.8K
23VANGUARD WHITEHALL FDSINTL HIGH ETF0.62%$1M15.4K
24ABBVABBVIE INCCOM0.59%$993,7205.5K
25HDHOME DEPOT INCCOM0.58%$985,8522.6K
26AMGNAMGEN INCCOM0.58%$977,6903.4K
27XLESELECT SECTOR SPDR TRENERGY0.57%$974,55210.3K
28WMTWALMART INCCOM0.56%$947,73715.8K
29PRUPRUDENTIAL FINL INCCOM0.56%$943,3658.0K
30GOOGLALPHABET INCCAP STK CL A0.54%$914,6366.1K
31PAGPEURPLAINS GP HLDGS L PLTD PARTNR INT A0.48%$806,73444.2K
32DALDELTA AIR LINES INC DELCOM NEW0.46%$787,73816.5K
33EXMOCEXXON MOBIL CORPCOM0.45%$766,6036.6K
34DHRDANAHER CORPORATIONCOM0.43%$722,1902.9K

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 ↗.