Managers / Q3 2023 · view latest →
Kowal Investment Group, LLC
CIK 0001846786 · 177775 WEST BLUEMOUND ROAD, BROOKFIELD, WI, 53045 · 262-522-4040
Summary
Kowal Investment Group, LLC reported $371M in U.S.-listed holdings across 152 positions for Q3 2023.
The portfolio is heavily concentrated: Fidelity Merrimack Str Tr alone accounts for 24.6% of reported value.
Compared with Q2 2023, the fund opened 6 new positions and exited 12.
Portfolio Metrics
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
Portfolio Composition
- ETP · 79.2% · $293M
- Common Stock · 19.7% · $73M
- Other · 1.0% · $4M
- REIT · 0.2% · $589,472
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BMOBANK MONTREAL QUE | NEW | +4.3K | 4.3K | +$366,405 | $366,405 |
| PEGPUBLIC SVC ENTERPRISE GRP IN | NEW | +5.1K | 5.1K | +$289,242 | $289,242 |
| MANHMANHATTAN ASSOCIATES INC | NEW | +1.2K | 1.2K | +$240,750 | $240,750 |
| FICOFAIR ISAAC CORP | NEW | +239 | 239 | +$207,579 | $207,579 |
| AJGGALLAGHER ARTHUR J & CO | NEW | +911 | 911 | +$207,568 | $207,568 |
| DHRDANAHER CORPORATION | NEW | +833 | 833 | +$206,590 | $206,590 |
| INVESCO EXCH TRADED FD TR II | ADDED | +9.6K | 14.8K | +$541,155 | $868,145 |
| CPRTCOPART INC | ADDED | +3.4K | 5.6K | +$39,253 | $240,097 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 24.62% | $91M | 2.09M |
| 2 | FIRST TR EXCHANGE-TRADED FD | CAP STRENGTH ETF · TECH ALPHADEX | 11.16% | $41M | 534.1K |
| 3 | FIRST TR MORNINGSTAR DIVID L | SHS | 9.75% | $36M | 1.08M |
| 4 | FIRST TR NASDAQ 100 TECH IND | SHS | 8.58% | $32M | 218.8K |
| 5 | MDYSPDR S&P MIDCAP 400 ETF TRhistory → | UTSER1 S&PDCRP | 5.01% | $19M | 40.7K |
| 6 | ISHARES TR | CORE S&P MCP ETF · CORE US AGGBD ET · CORE MSCI EAFE · CORE S&P SCP ETF · NATIONAL MUN ETF · ISHS 5-10YR INVT · CORE S&P500 ETF | 4.16% | $15M | 157.1K |
| 7 | FIRST TR EXCH TRADED FD III | MANAGD MUN ETF | 2.69% | $10M | 203.7K |
| 8 | SPDR S&P 500 ETF TR | TR UNIT | 2.64% | $10M | 22.9K |
| 9 | AAPLAPPLE INChistory → | COM | 2.06% | $8M | 44.6K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 1.30% | $5M | 15.2K |
| 11 | PIMCO ETF TR | INTER MUN BD ACT · ACTIVE BD ETF | 1.23% | $5M | 72.1K |
| 12 | FIRST TR VALUE LINE DIVID IN | SHS | 0.99% | $4M | 97.8K |
| 13 | FIRST TR LRG CP VL ALPHADEX | COM SHS | 0.95% | $4M | 54.4K |
| 14 | WECWEC ENERGY GROUP INC | COM | 0.89% | $3M | 40.8K |
| 15 | NVDANVIDIA CORPORATION | COM | 0.80% | $3M | 6.8K |
| 16 | FIRST TR MULTI CAP GROWTH AL | COM SHS | 0.74% | $3M | 27.4K |
| 17 | PGPROCTER AND GAMBLE CO | COM | 0.60% | $2M | 15.2K |
| 18 | SPDR SER TR | PORTFOLIO INTRMD | 0.54% | $2M | 63.4K |
| 19 | USBUS BANCORP DEL | COM NEW | 0.50% | $2M | 56.6K |
| 20 | T ROWE PRICE ETF INC | PRICE BLUE CHIP | 0.50% | $2M | 68.3K |
| 21 | AMZNAMAZON COM INC | COM | 0.48% | $2M | 14.1K |
| 22 | ABBVABBVIE INC | COM | 0.47% | $2M | 11.7K |
| 23 | HORIZON THERAPEUTICS PUB L | SHS | 0.47% | $2M | 14.9K |
| 24 | ZACKS TRUST | EARNGS CONSTANT | 0.47% | $2M | 71.8K |
| 25 | MCDMCDONALDS CORP | COM | 0.45% | $2M | 6.4K |
| 26 | GOOGLALPHABET INC | CAP STK CL A | 0.44% | $2M | 12.4K |
| 27 | CHVCHEVRON CORP NEW | COM | 0.39% | $1M | 8.6K |
| 28 | JNJJOHNSON & JOHNSON | COM | 0.37% | $1M | 8.9K |
| 29 | VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 0.36% | $1M | 30.5K |
| 30 | JPMJPMORGAN CHASE & CO | COM | 0.35% | $1M | 9.0K |
| 31 | EXMOCEXXON MOBIL CORP | COM | 0.35% | $1M | 11.0K |
| 32 | PEPPEPSICO INC | COM | 0.35% | $1M | 7.6K |
| 33 | 4I1PHILIP MORRIS INTL INC | COM | 0.33% | $1M | 13.3K |
| 34 | MOALTRIA GROUP INC | COM | 0.33% | $1M | 29.2K |
| 35 | VVISA INC | COM CL A | 0.33% | $1M | 5.3K |
| 36 | CSCOCISCO SYS INC | COM | 0.33% | $1M | 22.6K |
| 37 | HDHOME DEPOT INC | COM | 0.32% | $1M | 3.9K |
| 38 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.32% | $1M | 3.4K |
| 39 | SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 0.32% | $1M | 48.9K |
| 40 | ABTABBOTT LABS | COM | 0.31% | $1M | 11.8K |
| 41 | FIRST TR EXCHNG TRADED FD VI | TCW OPPORTUNIS | 0.31% | $1M | 27.1K |
| 42 | CATCATERPILLAR INC | COM | 0.30% | $1M | 4.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2024 | $544M | 200 | Oct 16, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $501M | 181 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $463M | 178 | Apr 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $429M | 161 | Jan 22, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $371M | 152 | Oct 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $374M | 158 | Jul 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $353M | 154 | Apr 21, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $335M | 154 | Jan 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $295M | 143 | Nov 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $305M | 139 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $328M | 126 | Apr 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $337M | 114 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $316M | 1,049 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $278M | 103 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $247M | 96 | May 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $215M | 90 | Feb 19, 2021 | 13F-HR | changes · 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 ↗.