Q4 2025 · 13F-HR
COWA, LLCholdings as filed
Filed 2026-02-12 · accession 0001172661-26-000642
$328.7M
Reported value
153
Positions
2025-12-31
Period end
The Brief · COWA, LLC · Q4 2025
AI · grounded in 13F
COWA, LLC closed its position in IBHE, reducing its holdings by $2,952,448. The fund also exited positions in FNDB and IBDQ, totaling losses of $2,590,576 and $1,845,591 respectively. On the buy side, the fund increased its stake in DFAU by 93.51% and FNDX by 76.72%. Overall, the fund added 94 positions and reduced 49.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 025072877 | AVUV | AMERICAN CENTY ETF TR | $23.1M | 7.03% | 228,831 | Common | NONE |
| 46436E528 | IBHF | ISHARES TR | $21.8M | 6.62% | 971,850 | Common | NONE |
| 46435GAA0 | IBDR | ISHARES TR | $19.2M | 5.84% | 817,998 | Common | NONE |
| 25434V807 | DFIV | DIMENSIONAL ETF TRUST | $18.2M | 5.53% | 364,474 | Common | NONE |
| 46436E312 | IBDX | ISHARES TR | $14.2M | 4.31% | 570,722 | Common | NONE |
| 199908104 | FIX | COMFORT SYS USA INC | $12.8M | 3.89% | 13,709 | Common | NONE |
| 808524730 | FNDE | SCHWAB STRATEGIC TR | $11.2M | 3.42% | 311,441 | Common | NONE |
| 464288448 | IDV | ISHARES TR | $10.8M | 3.28% | 273,638 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $10.3M | 3.14% | 37,984 | Common | NONE |
| 78468R788 | SPYD | SPDR SERIES TRUST | $8.2M | 2.49% | 189,525 | Common | NONE |
| 25434V104 | DFAU | DIMENSIONAL ETF TRUST | $8.1M | 2.48% | 173,952 | Common | SOLE |
| 82889N699 | CTA | SIMPLIFY EXCHANGE TRADED FUN | $7.5M | 2.28% | 275,014 | Common | NONE |
| 46429B663 | HDV | ISHARES TR | $6.8M | 2.07% | 55,994 | Common | NONE |
| 025072802 | AVDV | AMERICAN CENTY ETF TR | $6.8M | 2.07% | 72,387 | Common | NONE |
| 808524771 | FNDX | SCHWAB STRATEGIC TR | $6.3M | 1.91% | 230,243 | Common | NONE |
| 46436E486 | IBDW | ISHARES TR | $6.2M | 1.88% | 311,649 | Common | NONE |
| 78467X109 | DIA | SPDR DOW JONES INDL AVERAGE | $6.0M | 1.83% | 12,530 | Common | NONE |
| 25434V203 | DFAI | DIMENSIONAL ETF TRUST | $5.5M | 1.68% | 144,588 | Common | NONE |
| 46436E718 | SGOV | ISHARES TR | $5.0M | 1.53% | 50,103 | Common | NONE |
| 921946794 | VYMI | VANGUARD WHITEHALL FDS | $4.2M | 1.27% | 46,552 | Common | NONE |
| 682680103 | OKE | ONEOK INC NEW | $3.9M | 1.19% | 53,176 | Common | NONE |
| 46432F842 | IEFA | ISHARES TR | $3.8M | 1.15% | 42,237 | Common | NONE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $3.6M | 1.10% | 18,895 | Common | NONE |
| 00162Q452 | AMLP | ALPS ETF TR | $3.6M | 1.08% | 75,551 | Common | NONE |
| 464285204 | IAU | ISHARES GOLD TR | $3.4M | 1.04% | 42,007 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $3.4M | 1.02% | 4,912 | Common | NONE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $3.3M | 1.00% | 120,086 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $3.3M | 0.99% | 8,225 | Common | NONE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $2.8M | 0.86% | 88,146 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $2.5M | 0.76% | 5,154 | Common | NONE |
| 922042775 | VEU | VANGUARD INTL EQUITY INDEX F | $2.4M | 0.74% | 33,257 | Common | NONE |
| 911312106 | UPS | UNITED PARCEL SERVICE INC | $2.1M | 0.63% | 20,962 | Common | NONE |
| 46435U515 | IBDT | ISHARES TR | $2.0M | 0.61% | 79,198 | Common | NONE |
| 931142103 | WMT | WALMART INC | $1.9M | 0.58% | 17,181 | Common | NONE |
| 20825C104 | COP | CONOCOPHILLIPS | $1.9M | 0.58% | 20,202 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $1.9M | 0.57% | 2,733 | Common | NONE |
| 46429B697 | USMV | ISHARES TR | $1.8M | 0.56% | 19,482 | Common | NONE |
| 46436E205 | IBDU | ISHARES TR | $1.5M | 0.45% | 62,894 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $1.4M | 0.43% | 6,165 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $1.4M | 0.42% | 4,704 | Common | NONE |
| 97717W471 | USDU | WISDOMTREE TR | $1.3M | 0.39% | 49,285 | Common | NONE |
| 46432F339 | QUAL | ISHARES TR | $1.2M | 0.38% | 6,266 | Common | NONE |
| 78464A698 | KRE | SPDR SERIES TRUST | $1.2M | 0.36% | 18,406 | Common | NONE |
| 464287507 | IJH | ISHARES TR | $1.2M | 0.35% | 17,611 | Common | NONE |
| 74762E102 | QURE | QUANTA SVCS INC | $1.2M | 0.35% | 2,731 | Common | NONE |
| 25434V666 | DFLV | DIMENSIONAL ETF TRUST | $1.2M | 0.35% | 33,657 | Common | NONE |
| 00206R102 | T | AT&T INC | $1.1M | 0.34% | 45,156 | Common | NONE |
| 060505104 | BAC | BANK AMERICA CORP | $1.1M | 0.33% | 19,798 | Common | NONE |
| 132061201 | SYLD | CAMBRIA ETF TR | $1.0M | 0.32% | 14,895 | Common | NONE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB CO | $1.0M | 0.31% | 19,166 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $1.0M | 0.31% | 3,148 | Common | NONE |
| 78468R887 | SMLV | SPDR SERIES TRUST | $1.0M | 0.31% | 7,781 | Common | NONE |
| 500754106 | KHC | KRAFT HEINZ CO | $989,513 | 0.30% | 40,876 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $986,788 | 0.30% | 8,200 | Common | NONE |
| 713448108 | PEP | PEPSICO INC | $985,364 | 0.30% | 6,865 | Common | NONE |
| 744320102 | PRU | PRUDENTIAL FINL INC | $946,620 | 0.29% | 8,386 | Common | NONE |
| 97717W604 | DES | WISDOMTREE TR | $939,890 | 0.29% | 28,098 | Common | NONE |
| 46436E726 | IBDV | ISHARES TR | $935,781 | 0.28% | 42,400 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $935,240 | 0.28% | 12,141 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $933,543 | 0.28% | 2,713 | Common | NONE |
| 494368103 | KMB | KIMBERLY-CLARK CORP | $924,556 | 0.28% | 9,164 | Common | NONE |
| 464287804 | IJR | ISHARES TR | $913,981 | 0.28% | 7,605 | Common | NONE |
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $897,210 | 0.27% | 37,352 | Common | NONE |
| 780259305 | SHEL | SHELL PLC | $895,521 | 0.27% | 12,187 | Common | NONE |
| 72651A207 | PAGP | PLAINS GP HLDGS L P | $885,946 | 0.27% | 46,287 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $850,419 | 0.26% | 5,579 | Common | NONE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $838,087 | 0.25% | 5,414 | Common | NONE |
| 46436E130 | IBDY | ISHARES TR | $829,030 | 0.25% | 33,615 | Common | NONE |
| 01877R108 | ARLP | ALLIANCE RESOURCE PARTNERS L | $779,552 | 0.24% | 33,558 | Common | NONE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $738,410 | 0.22% | 18,129 | Common | NONE |
| 191216100 | KO | COCA COLA CO | $737,197 | 0.22% | 10,544 | Common | NONE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $732,084 | 0.22% | 2,272 | Common | NONE |
| 05561Q201 | BOKF | BOK FINL CORP | $725,331 | 0.22% | 6,123 | Common | NONE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW | $716,641 | 0.22% | 19,564 | Common | NONE |
| 75513E101 | RTX | RTX CORPORATION | $709,208 | 0.22% | 3,867 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $691,714 | 0.21% | 1,126 | Common | SOLE |
| 46138E131 | XSHD | INVESCO EXCH TRADED FD TR II | $683,798 | 0.21% | 53,380 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $682,836 | 0.21% | 5,194 | Common | NONE |
| 00130H105 | AES | AES CORP | $672,517 | 0.20% | 46,898 | Common | NONE |
| 235851102 | DHR | DANAHER CORPORATION | $671,880 | 0.20% | 2,935 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $669,779 | 0.20% | 623 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $668,430 | 0.20% | 7,172 | Common | NONE |
| 09290C103 | DYNF | BLACKROCK ETF TRUST | $652,126 | 0.20% | 10,724 | Common | NONE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $624,284 | 0.19% | 4,259 | Common | NONE |
| 46434V449 | IMTM | ISHARES TR | $619,437 | 0.19% | 12,913 | Common | NONE |
| 46435G433 | SMMV | ISHARES TR | $617,496 | 0.19% | 14,251 | Common | NONE |
| 534187109 | LNC | LINCOLN NATL CORP IND | $616,933 | 0.19% | 13,854 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $582,974 | 0.18% | 4,653 | Common | NONE |
| 87612E106 | TGT | TARGET CORP | $582,224 | 0.18% | 5,956 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $571,461 | 0.17% | 3,064 | Common | SOLE |
| 81369Y506 | XLE | SELECT SECTOR SPDR TR | $559,778 | 0.17% | 12,520 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $559,382 | 0.17% | 1,816 | Common | NONE |
| 172967424 | C | CITIGROUP INC | $550,660 | 0.17% | 4,719 | Common | NONE |
| 808524672 | SCHY | SCHWAB STRATEGIC TR | $544,801 | 0.17% | 18,269 | Common | NONE |
| 205887102 | CAG | CONAGRA BRANDS INC | $541,372 | 0.16% | 31,275 | Common | NONE |
| 03743Q108 | APA | APA CORPORATION | $528,363 | 0.16% | 21,601 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $504,406 | 0.15% | 4,792 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $490,784 | 0.15% | 1,568 | Common | NONE |
| 46429B689 | EFAV | ISHARES TR | $481,948 | 0.15% | 5,587 | Common | NONE |
| 921932505 | VOOG | VANGUARD ADMIRAL FDS INC | $471,071 | 0.14% | 1,068 | Common | SOLE |
| 055622104 | BP | BP PLC | $461,909 | 0.14% | 13,300 | Common | NONE |
| 670837103 | OGE | OGE ENERGY CORP | $460,391 | 0.14% | 10,782 | Common | NONE |
| 736508847 | POR | PORTLAND GEN ELEC CO | $460,080 | 0.14% | 9,586 | Common | NONE |
| 460146103 | IP | INTERNATIONAL PAPER CO | $459,652 | 0.14% | 11,669 | Common | NONE |
| 02079K107 | GOOG | ALPHABET INC | $450,998 | 0.14% | 1,439 | Common | NONE |
| 78464A508 | SPYV | SPDR SERIES TRUST | $448,799 | 0.14% | 7,900 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $445,834 | 0.14% | 2,154 | Common | SOLE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $438,160 | 0.13% | 8,000 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $434,290 | 0.13% | 864 | Common | NONE |
| 46434V456 | IQLT | ISHARES TR | $432,275 | 0.13% | 9,511 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $427,781 | 0.13% | 2,985 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $426,333 | 0.13% | 1,281 | Common | NONE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $408,795 | 0.12% | 1,105 | Common | NONE |
| 023135106 | AMZN | AMAZON COM INC | $401,396 | 0.12% | 1,739 | Common | NONE |
| 69331C108 | PCG | PG&E CORP | $398,536 | 0.12% | 24,800 | Common | NONE |
| 46436E478 | IBHG | ISHARES TR | $393,948 | 0.12% | 17,650 | Common | NONE |
| 46435UAA9 | IBDS | ISHARES TR | $356,600 | 0.11% | 14,687 | Common | NONE |
| 25434V757 | DEHP | DIMENSIONAL ETF TRUST | $355,556 | 0.11% | 11,025 | Common | NONE |
| 46436E825 | IBTJ | ISHARES TR | $345,085 | 0.10% | 15,725 | Common | NONE |
| 337738108 | FISV | FISERV INC | $340,082 | 0.10% | 5,063 | Common | NONE |
| 92204A306 | VDE | VANGUARD WORLD FD | $339,984 | 0.10% | 2,700 | Common | NONE |
| 02209S103 | MO | ALTRIA GROUP INC | $334,255 | 0.10% | 5,797 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $330,340 | 0.10% | 2,489 | Common | NONE |
| 132061300 | FYLD | CAMBRIA ETF TR | $318,987 | 0.10% | 9,818 | Common | NONE |
| 921935607 | VFMF | VANGUARD WELLINGTON FD | $315,915 | 0.10% | 2,096 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $312,495 | 0.10% | 12,550 | Common | NONE |
| 247361702 | DAL | DELTA AIR LINES INC DEL | $307,095 | 0.09% | 4,425 | Common | NONE |
| 90364P105 | PATH | UIPATH INC | $302,559 | 0.09% | 18,460 | Common | NONE |
| 464286640 | ECH | ISHARES INC | $287,648 | 0.09% | 7,120 | Common | NONE |
| 969457100 | WMB | WILLIAMS COS INC | $282,221 | 0.09% | 4,695 | Common | NONE |
| 032095101 | APH | AMPHENOL CORP NEW | $275,956 | 0.08% | 2,042 | Common | NONE |
| 36828A101 | GEV | GE VERNOVA INC | $275,153 | 0.08% | 421 | Common | NONE |
| 92686J106 | VKTX | VIKING THERAPEUTICS INC | $269,795 | 0.08% | 7,669 | Common | NONE |
| 922908637 | VV | VANGUARD INDEX FDS | $260,969 | 0.08% | 829 | Common | NONE |
| 92204A702 | VGT | VANGUARD WORLD FD | $254,024 | 0.08% | 337 | Common | NONE |
| 680223104 | ORI | OLD REP INTL CORP | $251,764 | 0.08% | 5,516 | Common | NONE |
| 78463X533 | EDIV | SPDR INDEX SHS FDS | $250,961 | 0.08% | 6,410 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $247,089 | 0.08% | 394 | Common | NONE |
| 22160K105 | COST | COSTCO WHSL CORP NEW | $246,378 | 0.07% | 285 | Common | SOLE |
| 209115104 | ED | CONSOLIDATED EDISON INC | $245,895 | 0.07% | 2,475 | Common | SOLE |
| 21036P108 | STZ | CONSTELLATION BRANDS INC | $243,024 | 0.07% | 1,761 | Common | NONE |
| 89677Q107 | TCOM | TRIP COM GROUP LTD | $241,690 | 0.07% | 3,361 | Common | NONE |
| 370334104 | GIS | GENERAL MLS INC | $228,725 | 0.07% | 4,918 | Common | NONE |
| 046353108 | AZNN | ASTRAZENECA PLC | $226,975 | 0.07% | 2,469 | Common | NONE |
| 61774A103 | MSDL | MORGAN STANLEY DIRECT LENDIN | $221,425 | 0.07% | 13,436 | Common | NONE |
| 457642205 | INOD | INNODATA INC | $219,900 | 0.07% | 4,316 | Common | NONE |
| 25243Q205 | DEO | DIAGEO PLC | $209,204 | 0.06% | 2,425 | Common | NONE |
| 92204A884 | VOX | VANGUARD WORLD FD | $204,280 | 0.06% | 1,055 | Common | NONE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $202,104 | 0.06% | 700 | Common | NONE |
| 62913M107 | NGL | NGL ENERGY PARTNERS LP | $188,576 | 0.06% | 18,857 | Common | NONE |
| 345370860 | F | FORD MTR CO | $154,816 | 0.05% | 11,800 | Common | NONE |
| 931142103 | WMT | WALMART INC | $111,410 | 0.03% | 1,000 | PUT | NONE |
| 530715AG6 | LINTA 4 11/15/29 | LIBERTY MEDIA CORP DEL | $916 | 0.00% | 17,000 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.