Managers / Q4 2023 · view latest →
LOWERY THOMAS, LLC
CIK 0001919701 · 3975 RONDA ROAD, PEBBLE BEACH, CA, 93953 · 415-227-9800
Summary
Lowery Thomas, LLC reported $116M in U.S.-listed holdings across 46 positions for Q4 2023.
Its largest position, Schwab Strategic Tr, represents 10.0% of the portfolio.
Compared with Q3 2023, the fund opened 1 new position 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 · 96.7% · $113M
- Common Stock · 3.3% · $4M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PROSHARES TR | NEW | +3.1K | 3.1K | +$236,534 | $236,534 |
| SELECT SECTOR SPDR TR | SOLD OUT | −3.1K | 0 | −$395,359 | $0 |
| INVESCO EXCH TRADED FD TR II | SOLD OUT | −3.6K | 0 | −$269,297 | $0 |
| ISHARES TR | SOLD OUT | −2.9K | 0 | −$232,147 | $0 |
| INVESCO EXCHANGE TRADED FD T | TRIMMED | −9.2K | 3.6K | −$1M | $574,486 |
| PACER FDS TR | TRIMMED | −9.7K | 5.9K | −$464,899 | $308,156 |
| VANGUARD INDEX FDS | ADDED | +6.4K | 20.9K | +$3M | $9M |
| VANGUARD INDEX FDS | ADDED | +1.8K | 6.4K | +$499,691 | $1M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SCHWAB STRATEGIC TR | US LCAP GR ETF · SHT TM US TRES · SCHWAB FDT US LG · US LCAP VA ETF · US MID-CAP ETF · US SML CAP ETF · US LRG CAP ETF | 27.58% | $32M | 493.8K |
| 2 | ISHARES TR | RUS 1000 GRW ETF · RUS 2000 GRW ETF · RUS 1000 ETF · RUS MD CP GR ETF · RUS 2000 VAL ETF · RUSSELL 2000 ETF · RUS 1000 VAL ETF · SHORT TREAS BD | 17.08% | $20M | 100.3K |
| 3 | SPDR SER TR | BLOOMBERG 1-3 MO · PRTFLO S&P500 GW · PRTFLO S&P500 VL · S&P 600 SMCP GRW | 11.13% | $13M | 165.3K |
| 4 | VANGUARD INDEX FDS | S&P 500 ETF SHS · MCAP GR IDXVIP · MCAP VL IDXVIP · MID CAP ETF | 9.78% | $11M | 32.3K |
| 5 | SPDR S&P 500 ETF TR | TR UNIT | 6.03% | $7M | 14.8K |
| 6 | INVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 5.15% | $6M | 35.6K |
| 7 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 4.93% | $6M | 14.0K |
| 8 | INVESCO EXCHANGE TRADED FD T | S&P MDCP MOMNTUM · S&P SMCP VLU MNT · S&P SMLCP MOMENT · S&P500 EQL WGT | 3.55% | $4M | 55.3K |
| 9 | VANGUARD ADMIRAL FDS INC | SMLCP 600 GRTH · 500 VAL IDX FD · SMLCP 600 VAL | 3.05% | $4M | 31.1K |
| 10 | J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 2.64% | $3M | 56.0K |
| 11 | VANECK ETF TRUST | SEMICONDUCTR ETF | 2.34% | $3M | 15.6K |
| 12 | SPDR DOW JONES INDL AVERAGE | UT SER 1 | 2.05% | $2M | 6.3K |
| 13 | AAPLAPPLE INChistory → | COM | 1.29% | $2M | 7.8K |
| 14 | KLACKLA CORP | COM NEW | 0.75% | $878,926 | 1.5K |
| 15 | SELECT SECTOR SPDR TR | TECHNOLOGY | 0.56% | $654,665 | 3.4K |
| 16 | MSFTMICROSOFT CORP | COM | 0.41% | $476,976 | 1.3K |
| 17 | GLOBAL X FDS | ARTIFICIAL ETF | 0.38% | $438,174 | 14.1K |
| 18 | AMZNAMAZON COM INC | COM | 0.37% | $434,245 | 2.9K |
| 19 | PACER FDS TR | US CASH COWS 100 | 0.26% | $308,156 | 5.9K |
| 20 | METAMETA PLATFORMS INC | CL A | 0.23% | $267,594 | 756 |
| 21 | NVDANVIDIA CORPORATION | COM | 0.22% | $259,105 | 523 |
| 22 | PROSHARES TR | PSHS ULTRA QQQ | 0.20% | $236,534 | 3.1K |
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 ↗.