COWA, LLC
Long book
$343.7M
Q1 2026
Positions
155
Top-10 weight
48%
concentration
Last quarter
+6.4%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsCOWA, LLC is a wealth-management firm allocating client money, running a $343.7M US long book across 155 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES IBOND 2026 HY & INC, AVANTIS US SMALL CAP VALUE, DIMENSIONAL INTERNATIONAL VA, ISHARES IBONDS DEC 2032 TC, COMFORT SYSTEMS USA INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+7.9%
Q3 2024
-0.7%
Q4 2024
+2.3%
Q1 2025
+4.0%
Q2 2025
+7.4%
Q3 2025
+4.0%
Q4 2025
+5.9%
Q1 2026
+6.4%
Sector allocation
Technology 25%
Industrials 24%
Utilities 12%
Energy 9%
Healthcare 7%
Financials 6%
Consumer staples 5%
Consumer discretionary 5%
Long book by quarter
What does COWA, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FIX COMFORT SYSTEMS USA INC | Industrials | 12.0K | $16.6M | 4.8% | -12.4% |
| AAPL APPLE INC | Technology | 43.2K | $13.7M | 4.0% | +13.7% |
| OKE ONEOK INC | Utilities | 59.2K | $5.4M | 1.6% | +11.4% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 76.3K | $2.9M | 0.8% | -13.4% |
| COP CONOCOPHILLIPS | Energy | 20.3K | $2.7M | 0.8% | +0.6% |
| NVDA NVIDIA CORP | Technology | 15.1K | $2.6M | 0.8% | +391.7% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 21.7K | $2.1M | 0.6% | +3.7% |
| MSFT MICROSOFT CORP | Technology | 5.1K | $1.9M | 0.6% | -0.4% |
| WMT WALMART INC | Consumer discretionary | 14.2K | $1.8M | 0.5% | -17.5% |
| PWR QUANTA SERVICES INC | Industrials | 2.7K | $1.5M | 0.4% | Held |
| PSX PHILLIPS 66 | Energy | 7.9K | $1.4M | 0.4% | +51.4% |
| XOM EXXON MOBIL CORP | Energy | 8.0K | $1.4M | 0.4% | -2.9% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 21.1K | $1.3M | 0.4% | +10.3% |
| ABBV ABBVIE INC | Healthcare | 5.8K | $1.3M | 0.4% | -5.4% |
| KMB KIMBERLY-CLARK CORP | Other | 12.2K | $1.2M | 0.3% | +32.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 4.7K | $1.1M | 0.3% | +0.3% |
| CVX CHEVRON CORP | Energy | 5.5K | $1.1M | 0.3% | -2.0% |
| AMGN AMGEN INC | Healthcare | 3.1K | $1.1M | 0.3% | -1.2% |
| PEP PEPSICO INC | Consumer staples | 6.9K | $1.1M | 0.3% | +0.2% |
| KHC KRAFT HEINZ CO/THE | Consumer staples | 44.4K | $999K | 0.3% | +8.7% |
| T AT&T INC | Communications | 33.4K | $970K | 0.3% | -25.9% |
| BAC BANK OF AMERICA CORP | Financials | 19.8K | $965K | 0.3% | Held |
| APA APA CORP | Energy | 22.0K | $935K | 0.3% | +2.0% |
| CSCO CISCO SYSTEMS INC | Technology | 12.1K | $935K | 0.3% | -0.7% |
| DVN DEVON ENERGY CORP | Energy | 18.6K | $935K | 0.3% | -5.1% |
| ARLP ALLIANCE RESOURCE PARTNERS | Materials | 33.6K | $928K | 0.3% | Held |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 37.4K | $890K | 0.3% | 0.0% |
| HD HOME DEPOT INC | Consumer discretionary | 2.7K | $884K | 0.3% | -0.9% |
| TGT TARGET CORP | Consumer discretionary | 7.1K | $865K | 0.3% | +19.8% |
| MRK MERCK & CO. INC. | Healthcare | 7.1K | $852K | 0.2% | +47.9% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 8.5K | $829K | 0.2% | +1.2% |
| KO COCA-COLA CO/THE | Consumer staples | 10.4K | $792K | 0.2% | -1.3% |
| BOKF BOK FINANCIAL CORPORATION | Financials | 6.1K | $784K | 0.2% | Held |
| CAG CONAGRA BRANDS INC | Consumer staples | 49.5K | $778K | 0.2% | +58.3% |
| RTX RTX CORP | Industrials | 4.0K | $766K | 0.2% | +2.6% |
| AES AES CORP | Utilities | 54.1K | $762K | 0.2% | +15.3% |
| GOOGL ALPHABET INC-CL A | Technology | 2.6K | $748K | 0.2% | +65.8% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 13.0K | $653K | 0.2% | -28.2% |
| POR PORTLAND GENERAL ELECTRIC CO | Utilities | 11.9K | $629K | 0.2% | +24.4% |
| JPM JPMORGAN CHASE & CO | Financials | 2.1K | $606K | 0.2% | -9.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.9K | $600K | 0.2% | +65.6% |
| PFE PFIZER INC | Healthcare | 21.1K | $592K | 0.2% | +68.1% |
| WFC WELLS FARGO & CO | Financials | 7.1K | $565K | 0.2% | -1.0% |
| DHR DANAHER CORP | Technology | 2.9K | $556K | 0.2% | Held |
| C CITIGROUP INC | Financials | 4.7K | $530K | 0.2% | -0.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 158 | $370.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 153 | $328.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 141 | $301.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 125 | $234.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 125 | $234.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 122 | $217.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 128 | $210.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 126 | $187.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 119 | $169.7M | canonical | SEC ↗ |