13F HOLDINGS REPORT

COWA, LLC

Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0001172661-25-004667

Total Value

$301.3M

Positions

141

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (141)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	AMERICAN CENTY ETF TR	025072877	220,800	$22.0M	7.29%
2	DIMENSIONAL ETF TRUST	25434V807	447,514	$20.6M	6.85%
3	ISHARES TR	46436E528	782,855	$18.3M	6.08%
4	ISHARES TR	46435GAA0	682,472	$16.6M	5.50%
5	COMFORT SYS USA INC	199908104	13,954	$11.5M	3.82%
6	SCHWAB STRATEGIC TR	808524730	307,229	$11.1M	3.69%
7	ISHARES TR	46436E312	420,297	$10.8M	3.57%
8	ISHARES TR	464288448	270,909	$9.9M	3.29%
9	APPLE INC	AAPL	36,879	$9.4M	3.12%
10	SPDR SERIES TRUST	78468R788	192,956	$8.5M	2.82%
11	ISHARES TR	46429B663	55,702	$6.8M	2.26%
12	SIMPLIFY EXCHANGE TRADED FUN	82889N699	231,664	$6.5M	2.15%
13	AMERICAN CENTY ETF TR	025072802	71,747	$6.4M	2.12%
14	SPDR DOW JONES INDL AVERAGE	78467X109	13,129	$6.1M	2.02%
15	DIMENSIONAL ETF TRUST	25434V203	145,680	$5.3M	1.76%
16	DIMENSIONAL US CORE EQUITY MARKT ETF	25434V104	89,893	$4.1M	1.37%
17	ISHARES TR	46436E718	39,195	$3.9M	1.31%
18	VANGUARD WHITEHALL FDS	921946794	45,733	$3.9M	1.29%
19	ISHARES TR	46436E486	182,047	$3.9M	1.28%
20	ALPS ETF TR	00162Q452	78,925	$3.7M	1.23%
21	ONEOK INC NEW	OKE	49,870	$3.6M	1.21%
22	ISHARES TR	46432F842	41,072	$3.6M	1.19%
23	ISHARES GOLD TR	IAU	48,869	$3.6M	1.18%
24	SCHWAB STRATEGIC TR	808524797	128,026	$3.5M	1.16%
25	INVESCO EXCHANGE TRADED FD T	IVZ	18,273	$3.5M	1.15%
26	SCHWAB STRATEGIC TR	808524771	130,285	$3.4M	1.14%
27	SPDR GOLD TR	GLD	9,603	$3.4M	1.13%
28	ISHARES TR	464287200	4,987	$3.3M	1.11%
29	ISHARES TR	46435U168	127,151	$3.0M	0.98%
30	ENTERPRISE PRODS PARTNERS L	293792107	83,633	$2.6M	0.87%
31	SCHWAB STRATEGIC TR	808524789	98,501	$2.6M	0.86%
32	VANGUARD INTL EQUITY INDEX F	922042775	33,342	$2.4M	0.79%
33	MICROSOFT CORP	MSFT	4,172	$2.2M	0.72%
34	SPDR S&P 500 ETF TR	SPY	3,040	$2.0M	0.67%
35	CONOCOPHILLIPS	COP	20,200	$1.9M	0.63%
36	ISHARES TR	46429B697	20,018	$1.9M	0.63%
37	ISHARES TR	46434VBD1	73,266	$1.8M	0.61%
38	ISHARES TR	46435U515	60,998	$1.6M	0.52%
39	WALMART INC	WMT	14,900	$1.5M	0.51%
40	UNITED PARCEL SERVICE INC	UPS	18,272	$1.5M	0.51%
41	ISHARES TR	46436E205	64,216	$1.5M	0.50%
42	AT&T INC	T-PC	47,619	$1.3M	0.45%
43	ISHARES TR	46432F339	6,822	$1.3M	0.44%
44	INTERNATIONAL BUSINESS MACHS	INTR	4,570	$1.3M	0.43%
45	ABBVIE INC	ABBV	5,147	$1.2M	0.40%
46	QUANTA SVCS INC	74762E102	2,731	$1.1M	0.38%
47	ISHARES TR	464287507	17,247	$1.1M	0.37%
48	SPDR SERIES TRUST	78464A698	17,062	$1.1M	0.36%
49	SHELL PLC	RYDAF	15,043	$1.1M	0.36%
50	PHILLIPS 66	PSX	7,835	$1.1M	0.35%
51	BANK AMERICA CORP	060505104	20,398	$1.1M	0.35%
52	DIMENSIONAL ETF TRUST	25434V666	30,303	$996,974	0.33%
53	SPDR SERIES TRUST	78468R887	7,524	$976,269	0.32%
54	CAMBRIA ETF TR	132061201	14,146	$971,264	0.32%
55	HOME DEPOT INC	HD	2,348	$951,386	0.32%
56	KRAFT HEINZ CO	KHC	36,353	$946,656	0.31%
57	HEWLETT PACKARD ENTERPRISE C	HPE-PC	37,337	$917,020	0.30%
58	ISHARES TR	464287804	7,605	$903,715	0.30%
59	WISDOMTREE TR	WT	26,575	$895,059	0.30%
60	AMGEN INC	AMGN	3,148	$888,544	0.29%
61	PRUDENTIAL FINL INC	PUKPF	8,386	$869,971	0.29%
62	BRISTOL-MYERS SQUIBB CO	CELG-RI	19,204	$866,144	0.29%
63	PLAINS GP HLDGS L P	PAGP	47,285	$862,492	0.29%
64	PEPSICO INC	PEP	6,092	$855,658	0.28%
65	EXXON MOBIL CORP	XOM	7,529	$848,895	0.28%
66	ALLIANCE RESOURCE PARTNERS L	ARLP	33,558	$848,514	0.28%
67	ALIBABA GROUP HLDG LTD	BBAAY	4,726	$844,678	0.28%
68	JPMORGAN CHASE & CO.	VYLD	2,528	$797,407	0.26%
69	CHEVRON CORP NEW	CVX	5,127	$796,292	0.26%
70	ISHARES TR	46436E726	35,516	$786,681	0.26%
71	VERIZON COMMUNICATIONS INC	VZ	16,944	$744,752	0.25%
72	INVESCO EXCH TRADED FD TR II	IVZ	14,990	$741,298	0.25%
73	COCA COLA CO	KO	10,958	$726,752	0.24%
74	LINCOLN NATL CORP IND	534187109	17,831	$719,160	0.24%
75	DEVON ENERGY CORP NEW	25179M103	19,903	$697,819	0.23%
76	INVESCO QQQ TR	IVZ	1,126	$676,017	0.22%
77	BOK FINL CORP	05561Q201	6,022	$671,092	0.22%
78	CISCO SYS INC	CSCO	9,762	$667,943	0.22%
79	BLACKROCK ETF TRUST	BLK	11,196	$662,803	0.22%
80	SELECT SECTOR SPDR TR	81369Y209	4,486	$624,317	0.21%
81	RTX CORPORATION	RTX	3,711	$620,962	0.21%
82	ISHARES TR	46434V449	12,854	$615,450	0.20%
83	WELLS FARGO CO NEW	949746101	7,143	$598,726	0.20%
84	SELECT SECTOR SPDR TR	81369Y506	6,566	$586,639	0.19%
85	CITIGROUP INC	C-PR	5,719	$580,478	0.19%
86	ABBOTT LABS	ABLZF	4,215	$564,557	0.19%
87	INTERNATIONAL PAPER CO	460146103	11,669	$541,454	0.18%
88	GE AEROSPACE	369604301	1,798	$540,874	0.18%
89	ALPHABET INC	GOOG	2,108	$512,455	0.17%
90	OGE ENERGY CORP	OGE	10,782	$498,883	0.17%
91	NVIDIA CORPORATION	NVDA	2,652	$494,829	0.16%
92	SCHWAB STRATEGIC TR	808524672	17,706	$494,726	0.16%
93	BP PLC	BPPFF	14,300	$492,778	0.16%
94	DANAHER CORPORATION	235851102	2,453	$486,332	0.16%
95	INNODATA INC	INOD	6,165	$475,137	0.16%
96	CONAGRA BRANDS INC	CAG	25,300	$463,243	0.15%
97	ISHARES TR	46435G433	10,636	$457,880	0.15%
98	SPDR SERIES TRUST	78464A508	8,200	$453,706	0.15%
99	PROCTER AND GAMBLE CO	742718109	2,915	$448,044	0.15%
100	ISHARES TR	46429B689	5,190	$440,289	0.15%
101	SELECT SECTOR SPDR TR	81369Y605	8,000	$430,960	0.14%
102	VANGUARD ADMIRAL FDS INC	921932505	981	$427,208	0.14%
103	INVESCO EXCH TRADED FD TR II	IVZ	31,760	$426,219	0.14%
104	BERKSHIRE HATHAWAY INC DEL	BRK-A	810	$407,219	0.14%
105	AES CORP	AES	29,292	$385,483	0.13%
106	ALTRIA GROUP INC	MO	5,797	$382,950	0.13%
107	VANGUARD INDEX FDS	922908769	1,134	$372,279	0.12%
108	AMERICAN EXPRESS CO	AXP	1,105	$367,037	0.12%
109	OLD REP INTL CORP	680223104	8,378	$355,826	0.12%
110	ISHARES TR	46436E825	15,725	$345,242	0.11%
111	VANGUARD WELLINGTON FD	921935607	2,373	$342,362	0.11%
112	VANGUARD WORLD FD	92204A306	2,700	$339,822	0.11%
113	DIMENSIONAL ETF TRUST	25434V757	11,099	$338,981	0.11%
114	ISHARES TR	46434V456	7,628	$337,081	0.11%
115	ISHARES TR	46435UAA9	13,450	$327,373	0.11%
116	CAMBRIA ETF TR	132061300	10,495	$327,339	0.11%
117	EMERSON ELEC CO	EMR	2,489	$326,507	0.11%
118	WILLIAMS COS INC	969457100	5,115	$324,035	0.11%
119	AMAZON COM INC	AMZN	1,435	$315,083	0.10%
120	CONSTELLATION BRANDS INC	STZ	2,260	$304,355	0.10%
121	WISDOMTREE TR	WT	11,323	$298,814	0.10%
122	PFIZER INC	PFE	11,307	$288,102	0.10%
123	APA CORPORATION	APA	11,840	$287,475	0.10%
124	PG&E CORP	PCG-PX	18,600	$280,488	0.09%
125	TARGET CORP	TGT	2,980	$267,306	0.09%
126	UIPATH INC	PATH	19,460	$260,375	0.09%
127	GE VERNOVA INC	GEV	421	$258,873	0.09%
128	VANGUARD INDEX FDS	922908637	829	$255,216	0.08%
129	SPDR INDEX SHS FDS	78463X533	6,406	$248,889	0.08%
130	VANGUARD WORLD FD	921910816	616	$247,891	0.08%
131	CLOROX CO DEL	CLX	1,900	$234,270	0.08%
132	DELTA AIR LINES INC DEL	DAL	4,100	$232,675	0.08%
133	GENERAL MLS INC	370334104	4,510	$227,434	0.08%
134	MORGAN STANLEY DIRECT LENDIN	61774A103	13,436	$216,051	0.07%
135	ELI LILLY & CO	LLY	282	$215,166	0.07%
136	NORFOLK SOUTHN CORP	655844108	700	$210,287	0.07%
137	LYONDELLBASELL INDUSTRIES N	LYB	4,180	$204,987	0.07%
138	CNH INDL N V	N20944109	17,020	$184,669	0.06%
139	ORION S.A.	OEC	13,700	$103,846	0.03%
140	CYBIN INC	HELP	13,200	$77,748	0.03%
141	LIBERTY MEDIA CORP DEL	FWONB	17,000	$1,378	0.00%