# Kowal Investment Group, LLC

> Institutional holdings reported to the SEC as of Q3 2024 on Form 13F. CIK 1846786. Source: https://holderbook.com/funds/1846786-kowal-investment-group-llc/

- Reported value: $543.6M
- Positions: 200
- Weight of the ten largest: 58.7%
- Filed: 2024-10-16

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 |
|---|---|---|---|---|---|
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $97.5M | 2,085,128 | 17.9% | 9 |
| J P MORGAN EXCHANGE TRADED F | [BBUS](https://holderbook.com/stocks/BBUS/) | $51.3M | 495,546 | 9.4% | 1 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $35.6M | 848,683 | 6.5% | 10 |
| FIRST TR EXCHANGE-TRADED FD | [QTEC](https://holderbook.com/stocks/QTEC/) | $33.4M | 174,640 | 6.1% | 9 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $27.2M | 636,549 | 5.0% | 3 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $24.6M | 43,102 | 4.5% | 9 |
| ZACKS TRUST | [ZECP](https://holderbook.com/stocks/ZECP/) | $15.1M | 488,326 | 2.8% | 8 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $12.8M | 22,332 | 2.4% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.5M | 49,326 | 2.1% | 16 |
| FIRST TR EXCH TRADED FD III | [FMB](https://holderbook.com/stocks/FMB/) | $10.0M | 192,160 | 1.8% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $8.9M | 73,009 | 1.6% | 14 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $8.0M | 73,490 | 1.5% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $7.8M | 18,083 | 1.4% | 16 |
| FIRST TR EXCHANGE TRADED FD | [FXL](https://holderbook.com/stocks/FXL/) | $7.0M | 50,150 | 1.3% | 16 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $6.5M | 83,697 | 1.2% | 16 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $6.2M | 61,526 | 1.1% | 16 |
| ZACKS TRUST | [SMIZ](https://holderbook.com/stocks/SMIZ/) | $4.2M | 126,989 | 0.8% | 4 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $4.1M | 65,415 | 0.8% | 3 |
| FIRST TR EXCHANGE-TRADED ALP | [FTA](https://holderbook.com/stocks/FTA/) | $3.9M | 49,735 | 0.7% | 16 |
| WEC ENERGY GROUP INC | [WEC](https://holderbook.com/stocks/WEC/) | $3.9M | 40,325 | 0.7% | 16 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $3.7M | 59,845 | 0.7% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.6M | 19,466 | 0.7% | 16 |
| FIRST TR EXCHANGE-TRADED ALP | [FAD](https://holderbook.com/stocks/FAD/) | $3.6M | 26,846 | 0.7% | 16 |
| FIRST TR EXCHANGE-TRADED FD | [FVD](https://holderbook.com/stocks/FVD/) | $3.5M | 77,631 | 0.6% | 16 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.2M | 16,186 | 0.6% | 16 |
| FIRST TR EXCHANGE-TRADED FD | [FTCS](https://holderbook.com/stocks/FTCS/) | $3.2M | 34,716 | 0.6% | 16 |
| ISHARES TR | [EFG](https://holderbook.com/stocks/EFG/) | $3.1M | 28,555 | 0.6% | 11 |
| T ROWE PRICE EXCHANGE-TRADED | [TCHP](https://holderbook.com/stocks/TCHP/) | $2.9M | 72,651 | 0.5% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.8M | 17,010 | 0.5% | 16 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $2.8M | 96,135 | 0.5% | 9 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.8M | 16,136 | 0.5% | 16 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.8M | 4,853 | 0.5% | 7 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $2.7M | 46,818 | 0.5% | 2 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $2.5M | 53,795 | 0.5% | 6 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $2.5M | 41,575 | 0.5% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $2.4M | 20,854 | 0.4% | 16 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $2.4M | 72,021 | 0.4% | 9 |
| INVESCO EXCH TRADED FD TR II | [SPHD](https://holderbook.com/stocks/SPHD/) | $2.4M | 47,370 | 0.4% | 6 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.3M | 28,395 | 0.4% | 15 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.2M | 10,520 | 0.4% | 16 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $2.0M | 11,827 | 0.4% | 9 |
| PIMCO ETF TR | [BOND](https://holderbook.com/stocks/BOND/) | $2.0M | 21,070 | 0.4% | 10 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $2.0M | 36,138 | 0.4% | 6 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $2.0M | 42,693 | 0.4% | 15 |
| PIMCO ETF TR | [MUNI](https://holderbook.com/stocks/MUNI/) | $1.8M | 34,682 | 0.3% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.8M | 4,532 | 0.3% | 16 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.7M | 4,351 | 0.3% | 14 |
| FIDELITY COVINGTON TRUST | [FHLC](https://holderbook.com/stocks/FHLC/) | $1.7M | 23,342 | 0.3% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.7M | 5,579 | 0.3% | 16 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.7M | 10,339 | 0.3% | 16 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.7M | 4,980 | 0.3% | 16 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.6M | 13,820 | 0.3% | 16 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $1.6M | 34,286 | 0.3% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $1.6M | 19,310 | 0.3% | 16 |
| INVESCO EXCH TRADED FD TR II | [PZA](https://holderbook.com/stocks/PZA/) | $1.5M | 63,358 | 0.3% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 3,295 | 0.3% | 16 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.5M | 5,332 | 0.3% | 16 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.4M | 65,664 | 0.3% | 16 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.4M | 7,230 | 0.3% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.4M | 1,531 | 0.2% | 10 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $1.3M | 14,606 | 0.2% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.3M | 2,315 | 0.2% | 16 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $1.3M | 9,019 | 0.2% | 16 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.3M | 7,751 | 0.2% | 16 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $1.3M | 2,057 | 0.2% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.3M | 11,346 | 0.2% | 16 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 24,135 | 0.2% | 16 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.2M | 10,358 | 0.2% | 16 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $1.2M | 13,956 | 0.2% | 11 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.1M | 22,040 | 0.2% | 16 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.1M | 9,147 | 0.2% | 16 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.1M | 15,424 | 0.2% | 14 |
| FIRST TR EXCHANGE-TRADED ALP | [FEX](https://holderbook.com/stocks/FEX/) | $1.1M | 10,232 | 0.2% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1M | 6,308 | 0.2% | 16 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $1.0M | 5,757 | 0.2% | 16 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.0M | 6,051 | 0.2% | 4 |
| FIDELITY NATL INFORMATION SV | [FIS](https://holderbook.com/stocks/FIS/) | $1.0M | 12,026 | 0.2% | 16 |
| FIDELITY COMWLTH TR | [ONEQ](https://holderbook.com/stocks/ONEQ/) | $1.0M | 14,009 | 0.2% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $983.4K | 4,867 | 0.2% | 6 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $939.7K | 3,110 | 0.2% | 11 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $938.2K | 1,605 | 0.2% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $904.9K | 1,021 | 0.2% | 13 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $888.4K | 3,396 | 0.2% | 15 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $870.0K | 1,488 | 0.2% | 16 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $858.2K | 7,087 | 0.2% | 11 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $856.4K | 9,496 | 0.2% | 10 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $844.2K | 4,954 | 0.2% | 8 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $826.4K | 18,401 | 0.2% | 16 |
| FIRST TR EXCHNG TRADED FD VI | [FIXD](https://holderbook.com/stocks/FIXD/) | $818.2K | 18,085 | 0.2% | 16 |
| FIRST TR EXCHANGE-TRADED ALP | [FNX](https://holderbook.com/stocks/FNX/) | $754.4K | 6,440 | 0.1% | 8 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $748.5K | 7,110 | 0.1% | 11 |
| ARISTA NETWORKS INC | [ANETXXXX](https://holderbook.com/stocks/ANETXXXX/) | $715.8K | 1,865 | 0.1% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $713.1K | 1,461 | 0.1% | 15 |
| BLACKROCK INC | [BLKXXXX](https://holderbook.com/stocks/BLKXXXX/) | $694.5K | 731 | 0.1% | 10 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $693.3K | 775 | 0.1% | 4 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $677.4K | 5,998 | 0.1% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $649.4K | 16,365 | 0.1% | 10 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $640.7K | 8,915 | 0.1% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $627.5K | 885 | 0.1% | 3 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $622.4K | 1,689 | 0.1% | 2 |

## 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 |
|---|---|---|---|---|
| Q3 2024 | +5.3% | +5.4% | -0.2% | 100% |
| Q2 2024 | +0.7% | +4.0% | -3.3% | 100% |
| Q1 2024 | +5.5% | +10.0% | -4.6% | 100% |
| Q4 2023 | +9.2% | +11.2% | -2.0% | 100% |
| Q3 2023 | -3.3% | -3.6% | +0.3% | 100% |
| Q2 2023 | +3.0% | +8.3% | -5.2% | 100% |
| Q1 2023 | +3.2% | +7.0% | -3.8% | 100% |
| Q4 2022 | +8.4% | +7.1% | +1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2024 | $543.6M | 200 |
| Q2 2024 | $501.1M | 181 |
| Q1 2024 | $462.7M | 178 |
| Q4 2023 | $428.5M | 161 |
| Q3 2023 | $370.5M | 152 |
| Q2 2023 | $373.9M | 158 |
| Q1 2023 | $352.8M | 154 |
| Q4 2022 | $335.0M | 154 |
| Q3 2022 | $295.3M | 143 |
| Q2 2022 | $305.3M | 139 |
| Q1 2022 | $327.7M | 126 |
| Q4 2021 | $336.8M | 114 |