# COWA, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1844480. Source: https://holderbook.com/funds/1844480-cowa-llc/

- Reported value: $398.6M
- Positions: 181
- Weight of the ten largest: 48.4%
- Filed: 2026-08-06

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IBHF](https://holderbook.com/stocks/IBHF/) | $26.9M | 1,186,840 | 6.7% | 9 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $26.7M | 214,066 | 6.7% | 22 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $26.4M | 1,089,624 | 6.6% | 9 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $24.7M | 12,439 | 6.2% | 10 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $23.3M | 432,023 | 5.9% | 18 |
| ISHARES TR | [IBDX](https://holderbook.com/stocks/IBDX/) | $19.5M | 774,107 | 4.9% | 6 |
| SCHWAB STRATEGIC TR | [FNDE](https://holderbook.com/stocks/FNDE/) | $13.4M | 337,812 | 3.4% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.6M | 40,128 | 2.9% | 20 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $11.4M | 275,470 | 2.9% | 23 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $9.1M | 189,929 | 2.3% | 23 |
| ISHARES TR | [IBDW](https://holderbook.com/stocks/IBDW/) | $9.0M | 433,167 | 2.3% | 7 |
| SIMPLIFY EXCHANGE TRADED FUN | [CTA](https://holderbook.com/stocks/CTA/) | $8.4M | 323,481 | 2.1% | 7 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $7.9M | 287,720 | 2.0% | 23 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $7.6M | 73,577 | 1.9% | 10 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $7.4M | 239,072 | 1.9% | 19 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $6.3M | 12,153 | 1.6% | 23 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $6.0M | 145,476 | 1.5% | 23 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $5.1M | 51,135 | 1.3% | 18 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $5.1M | 58,490 | 1.3% | 23 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $4.5M | 46,248 | 1.1% | 10 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $4.5M | 86,560 | 1.1% | 23 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $4.4M | 20,840 | 1.1% | 18 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $3.9M | 74,714 | 1.0% | 23 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.8M | 119,874 | 1.0% | 23 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.2M | 32,755 | 0.8% | 23 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $3.0M | 81,330 | 0.7% | 23 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $2.9M | 14,725 | 0.7% | 5 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $2.8M | 117,008 | 0.7% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $2.8M | 33,268 | 0.7% | 23 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.5M | 23,646 | 0.6% | 6 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $2.4M | 94,287 | 0.6% | 8 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.3M | 6,308 | 0.6% | 23 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $2.2M | 29,079 | 0.6% | 21 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $2.1M | 20,318 | 0.5% | 23 |
| WISDOMTREE TR | [USDU](https://holderbook.com/stocks/USDU/) | $2.1M | 77,741 | 0.5% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.0M | 2,723 | 0.5% | 23 |
| ISHARES TR | [IBDY](https://holderbook.com/stocks/IBDY/) | $2.0M | 76,745 | 0.5% | 3 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $2.0M | 2,731 | 0.5% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.9M | 5,057 | 0.5% | 23 |
| SPDR SERIES TRUST | [KRE](https://holderbook.com/stocks/KRE/) | $1.8M | 24,632 | 0.5% | 13 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $1.8M | 16,560 | 0.5% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.6M | 14,169 | 0.4% | 23 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $1.5M | 64,949 | 0.4% | 8 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.5M | 1,983 | 0.4% | 23 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.4M | 11,951 | 0.4% | 23 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.4M | 5,469 | 0.3% | 23 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $1.3M | 34,113 | 0.3% | 6 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.3M | 7,868 | 0.3% | 23 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $1.3M | 4,676 | 0.3% | 23 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.3M | 16,716 | 0.3% | 23 |
| SPDR SERIES TRUST | [SMLV](https://holderbook.com/stocks/SMLV/) | $1.2M | 7,910 | 0.3% | 23 |
| WISDOMTREE TR | [DES](https://holderbook.com/stocks/DES/) | $1.2M | 29,371 | 0.3% | 10 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.2M | 20,323 | 0.3% | 23 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.1M | 19,798 | 0.3% | 23 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.1M | 3,112 | 0.3% | 19 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $1.1M | 51,540 | 0.3% | 6 |
| CAMBRIA ETF TR | [SYLD](https://holderbook.com/stocks/SYLD/) | $1.1M | 13,805 | 0.3% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.1M | 7,966 | 0.3% | 23 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $1.0M | 44,314 | 0.3% | 23 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $985.2K | 5,944 | 0.2% | 23 |
| INVESCO EXCH TRADED FD TR II | [XSHD](https://holderbook.com/stocks/XSHD/) | $972.1K | 68,848 | 0.2% | 4 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $959.2K | 7,084 | 0.2% | 23 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $948.4K | 2,689 | 0.2% | 23 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $943.9K | 7,226 | 0.2% | 4 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $942.8K | 20,900 | 0.2% | 19 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $915.9K | 8,486 | 0.2% | 23 |
| ISHARES TR | [IBHG](https://holderbook.com/stocks/IBHG/) | $909.6K | 41,195 | 0.2% | 3 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $888.8K | 11,463 | 0.2% | 18 |
| ISHARES TR | [IMTM](https://holderbook.com/stocks/IMTM/) | $874.3K | 16,394 | 0.2% | 5 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $871.9K | 1,184 | 0.2% | 4 |
| BOK FINL CORP | [BOKF](https://holderbook.com/stocks/BOKF/) | $850.4K | 6,123 | 0.2% | 23 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $846.3K | 10,413 | 0.2% | 23 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $839.2K | 6,531 | 0.2% | 3 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $835.9K | 62,103 | 0.2% | 5 |
| PLAINS GP HLDGS L P | [PAGP](https://holderbook.com/stocks/PAGP/) | $822.0K | 33,870 | 0.2% | 23 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $817.7K | 2,385 | 0.2% | 2 |
| ALLIANCE RESOURCE PARTNERS L | [ARLP](https://holderbook.com/stocks/ARLP/) | $804.7K | 33,558 | 0.2% | 23 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $792.1K | 25,979 | 0.2% | 2 |
| AES CORP | [AES](https://holderbook.com/stocks/AES/) | $787.0K | 53,682 | 0.2% | 6 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $768.0K | 18,586 | 0.2% | 14 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $749.7K | 5,055 | 0.2% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $749.0K | 2,096 | 0.2% | 11 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $717.3K | 34,654 | 0.2% | 11 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $716.4K | 7,464 | 0.2% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $714.0K | 3,763 | 0.2% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $678.9K | 2,074 | 0.2% | 23 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $678.7K | 1,816 | 0.2% | 11 |
| ISHARES TR | [EFAV](https://holderbook.com/stocks/EFAV/) | $657.5K | 7,497 | 0.2% | 23 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $654.3K | 12,320 | 0.2% | 23 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $654.3K | 4,675 | 0.2% | 18 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $651.0K | 3,528 | 0.2% | 1 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $644.9K | 2,909 | 0.2% | 5 |
| ISHARES TR | [IQLT](https://holderbook.com/stocks/IQLT/) | $637.0K | 12,856 | 0.2% | 4 |
| ISHARES TR | [USMV](https://holderbook.com/stocks/USMV/) | $630.1K | 6,532 | 0.2% | 5 |
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $614.4K | 11,854 | 0.2% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $601.9K | 14,217 | 0.2% | 23 |
| SCHWAB STRATEGIC TR | [SCHY](https://holderbook.com/stocks/SCHY/) | $598.2K | 18,852 | 0.2% | 20 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $590.2K | 18,121 | 0.1% | 4 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $586.9K | 7,102 | 0.1% | 23 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $577.5K | 5,817 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.6% | +14.8% | -9.2% | 92% |
| Q1 2026 | +5.7% | -4.6% | +10.3% | 95% |
| Q4 2025 | +2.9% | +2.4% | +0.6% | 93% |
| Q3 2025 | +7.1% | +7.8% | -0.7% | 93% |
| Q2 2025 | +3.4% | +10.5% | -7.0% | 95% |
| Q1 2025 | +1.7% | -4.6% | +6.2% | 96% |
| Q4 2024 | -1.7% | +2.1% | -3.8% | 98% |
| Q3 2024 | +7.2% | +5.4% | +1.8% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $398.6M | 181 |
| Q1 2026 | $370.6M | 158 |
| Q4 2025 | $328.7M | 152 |
| Q3 2025 | $301.3M | 141 |
| Q2 2025 | $262.6M | 131 |
| Q1 2025 | $234.1M | 125 |
| Q4 2024 | $217.0M | 122 |
| Q3 2024 | $210.0M | 128 |
| Q2 2024 | $187.4M | 126 |
| Q1 2024 | $169.7M | 119 |
| Q4 2023 | $160.4M | 110 |
| Q3 2023 | $148.1M | 105 |