CL

Cowa, LLC

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$370.6M

Reporting period: 2026-03-31 · Number of holdings: 158

COWA, LLC disclosed 158 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $370.6M and a quarterly turnover rate of 20.5%.

Personality snowflake

Concentration
12.38
Portfolio Stability
20.52
Momentum/Contrarian
100
Sector conviction
62.51
Diversification
100
Sizing Uniformity
80.22

Recent moves

  • Trim DFAU

    -50.5%　-$4.3M

  • Add IBDR

    +24.1%　$5.4M

  • Add DFIV

    +21.7%　$5.2M

  • Trim IVV

    -63.1%　-$2.2M

  • Add IBDX

    +27.7%　$4.3M

  • Add FIX

    -12.4%　$3.8M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1IBHFIshares Ibond 2026 Hy & INCETF-Other6.87%+0.25%+14.15%
2AVUVAvantis US Small Cap ValueETF-Small Cap6.75%-0.28%-0.99%
3IBDRIshares Ibonds Dec 2026 TermETF-Other6.64%+0.80%+24.10%
4DFIVDimensional International VaETF-Other6.32%+0.79%+21.73%
5IBDXIshares Ibonds Dec 2032 TcETF-Other4.97%+0.66%+27.73%
6FIXComfort Systems USA INCStock-Industrials4.47%+0.58%-12.36%
7AAPLApple INCStock-Tech3.70%+0.56%+13.71%
8FNDESchwab Fndmntl Em Mrk Eq ETFETF-Other3.33%-0.09%+3.68%
9IDVIshares International SelectETF-Other3.19%-0.09%+1.49%
10CTASimplify Managed Futures StETF-Other2.46%+0.18%+9.55%
11IBDWIshares Ibonds Dec 2031 CORPETF-Other2.31%+0.43%+31.12%
12SPYDSs Spdr P S&p 500 Hi Div ETFETF-Large Cap & Growth2.31%-0.18%-0.87%
13HDVIshares Core High Dividend EETF-Other2.10%+0.03%+2.49%
14AVDVAvantis Intl S/c Value ETFETF-Other2.00%-0.07%+2.40%
15FNDXSchwab Fndmntl US Lrg Co ETFETF-Other1.79%-0.12%+3.56%
16DIASs Spdr Dow Jones Indus AvgETF-Large Cap & Growth1.56%-0.27%-0.47%
17DFAIDimensional International CoETF-Other1.52%——
18OKEOneok INCStock-Energy1.44%+0.25%+11.39%
19SGOVIshares 0-3 Month Treasury BETF-Gov Bonds1.26%-0.27%-7.60%
20VYMIVanguard Int High Dvd Yld InETF-Other1.15%—-2.69%
21AMLPAlerian Mlp ETFETF-Other1.07%-0.01%-0.53%
22RSPInvesco S&p 500 Equal WeightETF-Large Cap & Growth1.05%-0.05%+7.71%
23DFAUDimensional US Core Equity METF-Other1.05%-1.43%-50.49%
24SCHDSchwab US Dvd Equity ETFETF-Other1.00%—+0.50%
25EPDEnterprise Products PartnersStock-Energy0.78%—-13.40%
26IEFAIshares Core Msci Eafe ETFETF-Other0.77%-0.38%-24.91%
27GLDSpdr Gold SharesETF-Commodities0.74%-0.25%-22.12%
28COPConocophillipsStock-Energy0.72%+0.14%+0.56%
29IAUIshares Gold TrustETF-Commodities0.72%-0.32%-27.95%
30NVDANvidia CORPStock-Tech0.71%+0.54%+391.68%
31VEUVanguard Ftse All-world Ex-uETF-Other0.67%—+0.01%
32IBDSIshrs Ibnds Dec 27 CORP ETFETF-Other0.62%+0.51%+548.93%
33UPSUnited Parcel Service-cl BStock-Industrials0.58%—+3.67%
34IBDTIshares Ibonds Dec 2028 ETFETF-Other0.55%—+1.17%
35MSFTMicrosoft CORPStock-Tech0.51%-0.25%-0.45%
36SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth0.48%—+0.55%
37USMVIshares Msci USA Min Vol FacETF-Other0.48%—-2.09%
38WMTWalmart INCStock-Consumer Staples0.48%-0.14%-22.07%
39IBDYIshares Ibonds Dec 2033 CORPETF-Other0.47%+0.22%+98.69%
40IBDUIshares Ibonds Dec 2029 TermETF-Other0.42%—+5.45%
41PWRQuanta Services INCStock-Industrials0.40%+0.05%—
42USDUWisdomtree Bbg Usd BullishETF-Other0.39%—+10.74%
43PSXPhillips 66Stock-Energy0.39%+0.18%+51.44%
44XOMExxon Mobil CORPStock-Energy0.36%+0.06%-2.85%
45BMYBristol-myers Squibb CoStock-Healthcare0.35%—+10.34%
46ABBVAbbvie INCStock-Healthcare0.34%—-5.43%
47KRESs Spdr S&p Regional BankETF-Other0.34%—+5.36%
48DFLVDim US Large Cap Value ETFETF-Large Cap & Growth0.32%—-0.20%
49KMBKimberly-clark CORPStock-Consumer Staples0.32%—+32.74%
50QUALIshares Msci USA Quality FacETF-Other0.32%—-2.57%
1–50 of 158

Holding changes this quarter

Cowa, LLC's most significant position changes for 2026-03-31: New buy: Ishares Preferred & Income S (PFF); New buy: Ishares Msci USA Momentum Fa (MTUM); New buy: Comcast Corp-class A (CMCSA); New buy: Elm Market Navigator ETF (ELM); Trim: Dimensional US Core Equity M (DFAU) — shares -50.49%.

Position changes disclosed by Cowa, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1IBDRIshares Ibonds Dec 2026 Term+0.8%+24.10%Add
2DFIVDimensional International Va+0.8%+21.73%Add
3IBDXIshares Ibonds Dec 2032 Tc+0.7%+27.73%Add
4FIXComfort Systems USA INC+0.6%-12.36%Trim
5AAPLApple INC+0.6%+13.71%Add
6NVDANvidia CORP+0.5%+391.68%Add
7IBDSIshrs Ibnds Dec 27 CORP ETF+0.5%+548.93%Add
8IBDWIshares Ibonds Dec 2031 CORP+0.4%+31.12%Add
9IBHFIshares Ibond 2026 Hy & INC+0.3%+14.15%Add
10OKEOneok INC+0.3%+11.39%Add
11IBDYIshares Ibonds Dec 2033 CORP+0.2%+98.69%Add
12CTASimplify Managed Futures St+0.2%+9.55%Add
13PSXPhillips 66+0.2%+51.44%Add
14COPConocophillips+0.1%+0.56%Add
15IBHGIshares Ibonds 2027 Hy INC+0.1%+122.07%Add
16APAApa CORP+0.1%+2.00%Add
17MRKMerck & Co. INC.+0.1%+47.85%Add
18XOMExxon Mobil CORP+0.1%-2.85%Trim
19PFEPfizer INC+0.1%+68.13%Add
20PWRQuanta Services INC+0.1%—Unchanged
21TGTTarget CORP+0.1%+19.85%Add
22XSHDInvesco S&p Smallcap High Di+0.1%+37.97%Add
23CVXChevron CORP+0.1%-1.99%Trim
24GOOGLAlphabet Inc-cl A+0.1%+65.75%Add
25HDVIshares Core High Dividend E0%+2.49%Add
26SCHDSchwab US Dvd Equity ETF—+0.50%Add
27AMLPAlerian Mlp ETF0%-0.53%Trim
28RSPInvesco S&p 500 Equal Weight-0.1%+7.71%Add
29AVDVAvantis Intl S/c Value ETF-0.1%+2.40%Add
30FNDESchwab Fndmntl Em Mrk Eq ETF-0.1%+3.68%Add
31IDVIshares International Select-0.1%+1.49%Add
32LLYEli Lilly & Co-0.1%-24.40%Trim
33IJRIshares Core S&p Small-cap E-0.1%-32.87%Trim
34IBMIntl Business Machines CORP-0.1%+0.26%Add
35FNDXSchwab Fndmntl US Lrg Co ETF-0.1%+3.56%Add
36WMTWalmart INC-0.1%-22.07%Trim
37SPYDSs Spdr P S&p 500 Hi Div ETF-0.2%-0.87%Trim
38MSFTMicrosoft CORP-0.3%-0.45%Trim
39GLDSpdr Gold Shares-0.3%-22.12%Trim
40SGOVIshares 0-3 Month Treasury B-0.3%-7.60%Trim
41DIASs Spdr Dow Jones Indus Avg-0.3%-0.47%Trim
42AVUVAvantis US Small Cap Value-0.3%-0.99%Trim
43IAUIshares Gold Trust-0.3%-27.95%Trim
44IEFAIshares Core Msci Eafe ETF-0.4%-24.91%Trim
45IVVIshares Core S&p 500 ETF-0.7%-63.07%Trim
46DFAUDimensional US Core Equity M-1.4%-50.49%Trim
47PFFIshares Preferred & Income S—NEWNew buy
48MTUMIshares Msci USA Momentum Fa—NEWNew buy
49CMCSAComcast Corp-class A—NEWNew buy
50ELMElm Market Navigator ETF—NEWNew buy

FAQ

What is Cowa, LLC and what type of investor is it?
Cowa, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $370.6M, spread across 158 disclosed positions.
What are Cowa, LLC's largest equity positions?
Based on the latest 13F filing, Cowa, LLC's top holdings by market value are: 1. Ishares Ibond 2026 Hy & INC (IBHF) — $25.5M (6.9%) 2. Avantis US Small Cap Value (AVUV) — $25.0M (6.8%) 3. Ishares Ibonds Dec 2026 Term (IBDR) — $24.6M (6.6%) 4. Dimensional International Va (DFIV) — $23.4M (6.3%) 5. Ishares Ibonds Dec 2032 Tc (IBDX) — $18.4M (5.0%)
What changes did Cowa, LLC make in its most recent portfolio filing?
In the latest reported quarter, Cowa, LLC made 49 notable position adjustments: 4 new positions were initiated, 28 existing holdings were added to, 17 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Ishares Preferred & Income S (PFF); New buy: Ishares Msci USA Momentum Fa (MTUM); New buy: Comcast Corp-class A (CMCSA); New buy: Elm Market Navigator ETF (ELM); Trim: Dimensional US Core Equity M (DFAU) — shares -50.49%
What sectors does Cowa, LLC focus on?
Cowa, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 38.7% • Health Care: 13.0% • Energy: 12.4% • Consumer Staples: 10.6% • Industrials: 7.1% • Financials: 6.4%