Managers / Q1 2023 · view latest →
LOWERY THOMAS, LLC
CIK 0001919701 · 3975 RONDA ROAD, PEBBLE BEACH, CA, 93953 · 415-227-9800
Summary
Lowery Thomas, LLC reported $91M in U.S.-listed holdings across 43 positions for Q1 2023.
Its largest position, Spdr, represents 11.6% of the portfolio.
Compared with Q4 2022, the fund opened 8 new positions and exited 3.
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 · 98.9% · $90M
- Common Stock · 1.1% · $965,557
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| J P MORGAN EXCHANGE TRADED F | NEW | +38.4K | 38.4K | +$2M | $2M |
| INVESCO EXCHANGE TRADED FD T | NEW | +13.9K | 13.9K | +$2M | $2M |
| INVESCO EXCHANGE TRADED FD T | NEW | +18.0K | 18.0K | +$1M | $1M |
| PACER FDS TR | NEW | +24.9K | 24.9K | +$1M | $1M |
| INVESCO EXCHANGE TRADED FD T | NEW | +16.8K | 16.8K | +$762,766 | $762,766 |
| INVESCO EXCHANGE TRADED FD T | NEW | +14.0K | 14.0K | +$647,268 | $647,268 |
| SELECT SECTOR SPDR TR | NEW | +2.3K | 2.3K | +$354,337 | $354,337 |
| INVESCO EXCH TRADED FD TR II | NEW | +3.7K | 3.7K | +$272,787 | $272,787 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | SHT TM US TRES · US LCAP GR ETF · US LCAP VA ETF · SCHWAB FDT US LG · US MID-CAP ETF · US SML CAP ETF | 28.82% | $26M | 461.9K |
| 2 | ISHARES TR | RUS 1000 ETF · RUS 2000 GRW ETF · RUS 1000 GRW ETF · RUS MD CP GR ETF · RUS 2000 VAL ETF · RUSSELL 2000 ETF · SHORT TREAS BD · RUS 1000 VAL ETF | 17.25% | $16M | 91.6K |
| 3 | SPDR SER TR | BLOOMBERG 1-3 MO · PRTFLO S&P500 GW · PRTFLO S&P500 VL · S&P 600 SMCP GRW | 15.34% | $14M | 183.6K |
| 4 | VANGUARD INDEX FDS | S&P 500 ETF SHS · MCAP GR IDXVIP · MCAP VL IDXVIP · MID CAP ETF | 6.04% | $5M | 18.5K |
| 5 | SPDR S&P 500 ETF TR | TR UNIT | 5.56% | $5M | 12.3K |
| 6 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT · S&P MDCP MOMNTUM · S&P SMCP VLU MNT · S&P SMLCP MOMENT | 5.26% | $5M | 62.6K |
| 7 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 4.99% | $5M | 14.1K |
| 8 | SPDR DOW JONES INDL AVERAGE | UT SER 1 | 4.22% | $4M | 11.5K |
| 9 | INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF · DWA SMLCP MENT · S&P 500 MOMNTM | 3.15% | $3M | 25.7K |
| 10 | J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 2.31% | $2M | 38.4K |
| 11 | VANGUARD ADMIRAL FDS INC | SMLCP 600 GRTH · 500 VAL IDX FD · SMLCP 600 VAL | 2.12% | $2M | 18.5K |
| 12 | VANECK ETF TRUST | SEMICONDUCTR ETF | 1.31% | $1M | 4.5K |
| 13 | PACER FDS TR | US CASH COWS 100 | 1.29% | $1M | 24.9K |
| 14 | SELECT SECTOR SPDR TR | SBI HEALTHCARE · TECHNOLOGY | 1.29% | $1M | 8.6K |
| 15 | AAPLAPPLE INC | COM | 0.42% | $378,992 | 2.3K |
| 16 | AMZNAMAZON COM INC | COM | 0.34% | $305,532 | 3.0K |
| 17 | MSFTMICROSOFT CORP | COM | 0.31% | $281,033 | 975 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $175M | 55 | May 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $177M | 55 | Jan 26, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $173M | 55 | Nov 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $156M | 53 | Jul 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $146M | 55 | May 5, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $153M | 56 | Feb 7, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $147M | 52 | Nov 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $137M | 46 | Aug 2, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $131M | 46 | May 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $116M | 46 | Feb 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $105M | 48 | Nov 1, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $102M | 46 | Jul 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $91M | 43 | May 5, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $83M | 38 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $86M | 41 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $105M | 44 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $145M | 49 | May 10, 2022 | 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 ↗.