13F HOLDINGS REPORT

COWA, LLC

Quarter ended Q4 2025 · Filed February 12, 2026 · Accession 0001172661-26-000642

Total Value

$328.7M

Positions

153

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (153)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	AMERICAN CENTY ETF TR	025072877	228,831	$23.1M	7.03%
2	ISHARES TR	46436E528	971,850	$21.8M	6.62%
3	ISHARES TR	46435GAA0	817,998	$19.2M	5.84%
4	DIMENSIONAL ETF TRUST	25434V807	364,474	$18.2M	5.53%
5	ISHARES TR	46436E312	570,722	$14.2M	4.31%
6	COMFORT SYS USA INC	199908104	13,709	$12.8M	3.89%
7	SCHWAB STRATEGIC TR	808524730	311,441	$11.2M	3.42%
8	ISHARES TR	464288448	273,638	$10.8M	3.28%
9	APPLE INC	AAPL	37,984	$10.3M	3.14%
10	SPDR SERIES TRUST	78468R788	189,525	$8.2M	2.49%
11	DIMENSIONAL ETF TRUST	25434V104	173,952	$8.1M	2.48%
12	SIMPLIFY EXCHANGE TRADED FUN	82889N699	275,014	$7.5M	2.28%
13	ISHARES TR	46429B663	55,994	$6.8M	2.07%
14	AMERICAN CENTY ETF TR	025072802	72,387	$6.8M	2.07%
15	SCHWAB STRATEGIC TR	808524771	230,243	$6.3M	1.91%
16	ISHARES TR	46436E486	311,649	$6.2M	1.88%
17	SPDR DOW JONES INDL AVERAGE	78467X109	12,530	$6.0M	1.83%
18	DIMENSIONAL ETF TRUST	25434V203	144,588	$5.5M	1.68%
19	ISHARES TR	46436E718	50,103	$5.0M	1.53%
20	VANGUARD WHITEHALL FDS	921946794	46,552	$4.2M	1.27%
21	ONEOK INC NEW	OKE	53,176	$3.9M	1.19%
22	ISHARES TR	46432F842	42,237	$3.8M	1.15%
23	INVESCO EXCHANGE TRADED FD T	IVZ	18,895	$3.6M	1.10%
24	ALPS ETF TR	00162Q452	75,551	$3.6M	1.08%
25	ISHARES GOLD TR	IAU	42,007	$3.4M	1.04%
26	ISHARES TR	464287200	4,912	$3.4M	1.02%
27	SCHWAB STRATEGIC TR	808524797	120,086	$3.3M	1.00%
28	SPDR GOLD TR	GLD	8,225	$3.3M	0.99%
29	ENTERPRISE PRODS PARTNERS L	293792107	88,146	$2.8M	0.86%
30	MICROSOFT CORP	MSFT	5,154	$2.5M	0.76%
31	VANGUARD INTL EQUITY INDEX F	922042775	33,257	$2.4M	0.74%
32	UNITED PARCEL SERVICE INC	UPS	20,962	$2.1M	0.63%
33	ISHARES TR	46435U515	79,198	$2.0M	0.61%
34	WALMART INC	WMT	17,181	$1.9M	0.58%
35	CONOCOPHILLIPS	COP	20,202	$1.9M	0.58%
36	SPDR S&P 500 ETF TR	SPY	2,733	$1.9M	0.57%
37	ISHARES TR	46429B697	19,482	$1.8M	0.56%
38	ISHARES TR	46436E205	62,894	$1.5M	0.45%
39	ABBVIE INC	ABBV	6,165	$1.4M	0.43%
40	INTERNATIONAL BUSINESS MACHS	INTR	4,704	$1.4M	0.42%
41	WISDOMTREE TR	WT	49,285	$1.3M	0.39%
42	ISHARES TR	46432F339	6,266	$1.2M	0.38%
43	SPDR SERIES TRUST	78464A698	18,406	$1.2M	0.36%
44	ISHARES TR	464287507	17,611	$1.2M	0.35%
45	QUANTA SVCS INC	74762E102	2,731	$1.2M	0.35%
46	DIMENSIONAL ETF TRUST	25434V666	33,657	$1.2M	0.35%
47	AT&T INC	T-PC	45,156	$1.1M	0.34%
48	BANK AMERICA CORP	060505104	19,798	$1.1M	0.33%
49	CAMBRIA ETF TR	132061201	14,895	$1.0M	0.32%
50	BRISTOL-MYERS SQUIBB CO	CELG-RI	19,166	$1.0M	0.31%
51	AMGEN INC	AMGN	3,148	$1.0M	0.31%
52	SPDR SERIES TRUST	78468R887	7,781	$1.0M	0.31%
53	KRAFT HEINZ CO	KHC	40,876	$989,513	0.30%
54	EXXON MOBIL CORP	XOM	8,200	$986,788	0.30%
55	PEPSICO INC	PEP	6,865	$985,364	0.30%
56	PRUDENTIAL FINL INC	PUKPF	8,386	$946,620	0.29%
57	WISDOMTREE TR	WT	28,098	$939,890	0.29%
58	ISHARES TR	46436E726	42,400	$935,781	0.28%
59	CISCO SYS INC	CSCO	12,141	$935,240	0.28%
60	HOME DEPOT INC	HD	2,713	$933,543	0.28%
61	KIMBERLY-CLARK CORP	KMB	9,164	$924,556	0.28%
62	ISHARES TR	464287804	7,605	$913,981	0.28%
63	HEWLETT PACKARD ENTERPRISE C	HPE-PC	37,352	$897,210	0.27%
64	SHELL PLC	RYDAF	12,187	$895,521	0.27%
65	PLAINS GP HLDGS L P	PAGP	46,287	$885,946	0.27%
66	CHEVRON CORP NEW	CVX	5,579	$850,419	0.26%
67	SELECT SECTOR SPDR TR	81369Y209	5,414	$838,087	0.25%
68	ISHARES TR	46436E130	33,615	$829,030	0.25%
69	ALLIANCE RESOURCE PARTNERS L	ARLP	33,558	$779,552	0.24%
70	VERIZON COMMUNICATIONS INC	VZ	18,129	$738,410	0.22%
71	COCA COLA CO	KO	10,544	$737,197	0.22%
72	JPMORGAN CHASE & CO.	VYLD	2,272	$732,084	0.22%
73	BOK FINL CORP	05561Q201	6,123	$725,331	0.22%
74	DEVON ENERGY CORP NEW	25179M103	19,564	$716,641	0.22%
75	RTX CORPORATION	RTX	3,867	$709,208	0.22%
76	INVESCO QQQ TR	IVZ	1,126	$691,714	0.21%
77	INVESCO EXCH TRADED FD TR II	IVZ	53,380	$683,798	0.21%
78	PHILLIPS 66	PSX	5,194	$682,836	0.21%
79	AES CORP	AES	46,898	$672,517	0.20%
80	DANAHER CORPORATION	235851102	2,935	$671,880	0.20%
81	ELI LILLY & CO	LLY	623	$669,779	0.20%
82	WELLS FARGO CO NEW	949746101	7,172	$668,430	0.20%
83	BLACKROCK ETF TRUST	BLK	10,724	$652,126	0.20%
84	ALIBABA GROUP HLDG LTD	BBAAY	4,259	$624,284	0.19%
85	ISHARES TR	46434V449	12,913	$619,437	0.19%
86	ISHARES TR	46435G433	14,251	$617,496	0.19%
87	LINCOLN NATL CORP IND	534187109	13,854	$616,933	0.19%
88	ABBOTT LABS	ABLZF	4,653	$582,974	0.18%
89	TARGET CORP	TGT	5,956	$582,224	0.18%
90	NVIDIA CORPORATION	NVDA	3,064	$571,461	0.17%
91	SELECT SECTOR SPDR TR	81369Y506	12,520	$559,778	0.17%
92	GE AEROSPACE	369604301	1,816	$559,382	0.17%
93	CITIGROUP INC	C-PR	4,719	$550,660	0.17%
94	SCHWAB STRATEGIC TR	808524672	18,269	$544,801	0.17%
95	CONAGRA BRANDS INC	CAG	31,275	$541,372	0.16%
96	APA CORPORATION	APA	21,601	$528,363	0.16%
97	MERCK & CO INC	MRK	4,792	$504,406	0.15%
98	ALPHABET INC	GOOG	1,568	$490,784	0.15%
99	ISHARES TR	46429B689	5,587	$481,948	0.15%
100	VANGUARD ADMIRAL FDS INC	921932505	1,068	$471,071	0.14%
101	BP PLC	BPPFF	13,300	$461,909	0.14%
102	OGE ENERGY CORP	OGE	10,782	$460,391	0.14%
103	PORTLAND GEN ELEC CO	736508847	9,586	$460,080	0.14%
104	INTERNATIONAL PAPER CO	460146103	11,669	$459,652	0.14%
105	ALPHABET INC	GOOG	1,439	$450,998	0.14%
106	SPDR SERIES TRUST	78464A508	7,900	$448,799	0.14%
107	JOHNSON & JOHNSON	JNJ	2,154	$445,834	0.14%
108	SELECT SECTOR SPDR TR	81369Y605	8,000	$438,160	0.13%
109	BERKSHIRE HATHAWAY INC DEL	BRK-A	864	$434,290	0.13%
110	ISHARES TR	46434V456	9,511	$432,275	0.13%
111	PROCTER AND GAMBLE CO	742718109	2,985	$427,781	0.13%
112	VANGUARD INDEX FDS	922908769	1,281	$426,333	0.13%
113	AMERICAN EXPRESS CO	AXP	1,105	$408,795	0.12%
114	AMAZON COM INC	AMZN	1,739	$401,396	0.12%
115	PG&E CORP	PCG-PX	24,800	$398,536	0.12%
116	ISHARES TR	46436E478	17,650	$393,948	0.12%
117	ISHARES TR	46435UAA9	14,687	$356,600	0.11%
118	DIMENSIONAL ETF TRUST	25434V757	11,025	$355,556	0.11%
119	ISHARES TR	46436E825	15,725	$345,085	0.10%
120	FISERV INC	FISV	5,063	$340,082	0.10%
121	VANGUARD WORLD FD	92204A306	2,700	$339,984	0.10%
122	ALTRIA GROUP INC	MO	5,797	$334,255	0.10%
123	EMERSON ELEC CO	EMR	2,489	$330,340	0.10%
124	CAMBRIA ETF TR	132061300	9,818	$318,987	0.10%
125	VANGUARD WELLINGTON FD	921935607	2,096	$315,915	0.10%
126	PFIZER INC	PFE	12,550	$312,495	0.10%
127	DELTA AIR LINES INC DEL	DAL	4,425	$307,095	0.09%
128	UIPATH INC	PATH	18,460	$302,559	0.09%
129	ISHARES INC	464286640	7,120	$287,648	0.09%
130	WILLIAMS COS INC	969457100	4,695	$282,221	0.09%
131	AMPHENOL CORP NEW	032095101	2,042	$275,956	0.08%
132	GE VERNOVA INC	GEV	421	$275,153	0.08%
133	VIKING THERAPEUTICS INC	VKTX	7,669	$269,795	0.08%
134	VANGUARD INDEX FDS	922908637	829	$260,969	0.08%
135	VANGUARD WORLD FD	92204A702	337	$254,024	0.08%
136	OLD REP INTL CORP	680223104	5,516	$251,764	0.08%
137	SPDR INDEX SHS FDS	78463X533	6,410	$250,961	0.08%
138	VANGUARD INDEX FDS	922908363	394	$247,089	0.08%
139	COSTCO WHSL CORP NEW	22160K105	285	$246,378	0.07%
140	CONSOLIDATED EDISON INC	ED	2,475	$245,895	0.07%
141	CONSTELLATION BRANDS INC	STZ	1,761	$243,024	0.07%
142	TRIP COM GROUP LTD	TRPCF	3,361	$241,690	0.07%
143	GENERAL MLS INC	370334104	4,918	$228,725	0.07%
144	ASTRAZENECA PLC	AZN	2,469	$226,975	0.07%
145	MORGAN STANLEY DIRECT LENDIN	61774A103	13,436	$221,425	0.07%
146	INNODATA INC	INOD	4,316	$219,900	0.07%
147	DIAGEO PLC	DGEAF	2,425	$209,204	0.06%
148	VANGUARD WORLD FD	92204A884	1,055	$204,280	0.06%
149	NORFOLK SOUTHN CORP	655844108	700	$202,104	0.06%
150	NGL ENERGY PARTNERS LP	NGL-PC	18,857	$188,576	0.06%
151	FORD MTR CO	345370860	11,800	$154,816	0.05%
152	WALMART INC	WMT	1,000	$111,410	0.03%
153	LIBERTY MEDIA CORP DEL	FWONB	17,000	$916	0.00%