# EDGAR Filing Document

**Accession Number:** 0001844480
**File Stem:** 0001172661-23-000323
**Filing Date:** 2023-1
**Character Count:** 15155
**Document Hash:** e9a15cb89805f5e2ae46a32c99a368b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000323.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001172661-23-000323

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COWA, LLC
- **CENTRAL INDEX KEY:** 0001844480
- **IRS NUMBER:** 824613188
- **STATE OF INCORPORATION:** OK
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20580
- **FILM NUMBER:** 23563929

**BUSINESS ADDRESS:**
- **STREET 1:** 8801 S. YALE AVENUE
- **STREET 2:** SUITE 420
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74137
- **BUSINESS PHONE:** 918-984-9110

**MAIL ADDRESS:**
- **STREET 1:** 8801 S. YALE AVENUE
- **STREET 2:** SUITE 420
- **CITY:** TULSA
- **STATE:** OK
- **ZIP:** 74137

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** COWA LLC<br>**Address:** 8801 S. Yale Avenue<br>Suite 420<br>Tulsa, OK 74137

**Form 13F File Number:** 028-20580

**CRD Number (if applicable):** 000297180

**SEC File Number (if applicable):** 801-113403

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** James E. Diacon<br>**Title:** Chief Compliance Officer/Investment Adviser Representative<br>**Phone:** 918-688-8950

**Signature, Place, and Date of Signing:**

/s/ 	James E. Diacon  Tulsa, OK  01-27-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 116

**Form 13F Information Table Value Total:** $160805060

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 473532 | 4314 | SH |  | SOLE |  | 200 | 0 | 4114 |
| ABBVIE INC | COM | 00287Y109 |  | 978710 | 6057 | SH |  | SOLE |  | 200 | 0 | 5857 |
| ABRDN ETFS | BBRG ALL COMD K1 | 003261104 |  | 414221 | 18777 | SH |  | SOLE |  | 0 | 0 | 18777 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 2012346 | 25988 | SH |  | SOLE |  | 0 | 0 | 25988 |
| ALLIANCE RESOURCE PARTNERS L | UT LTD PART | 01877R108 |  | 681899 | 33558 | SH |  | SOLE |  | 0 | 0 | 33558 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 3024469 | 76988 | SH |  | SOLE |  | 2250 | 0 | 74738 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 301549 | 5797 | SH |  | SOLE |  | 0 | 0 | 5797 |
| AMERICAN CENTY ETF TR | US SML CP VALU | 025072877 |  | 7157129 | 95600 | SH |  | SOLE |  | 30378 | 0 | 65222 |
| AMGEN INC | COM | 031162100 |  | 903049 | 3078 | SH |  | SOLE |  | 0 | 0 | 3078 |
| AMPLIFY ETF TR | CWP ENHANCED DIV | 032108409 |  | 417942 | 11655 | SH |  | SOLE |  | 0 | 0 | 11655 |
| ANTERO RESOURCES CORP | COM | 03674X106 |  | 777570 | 25091 | SH |  | SOLE |  | 0 | 0 | 25091 |
| APA CORPORATION | COM | 03743Q108 |  | 480804 | 10300 | SH |  | SOLE |  | 0 | 0 | 10300 |
| APPLE INC | COM | 037833100 |  | 6279324 | 35798 | SH |  | SOLE |  | 300 | 0 | 35498 |
| ASTRAZENECA PLC | SPONSORED ADR | 046353108 |  | 635974 | 8700 | SH |  | SOLE |  | 500 | 0 | 8200 |
| AT INC | COM | 00206R102 |  | 383774 | 18550 | SH |  | SOLE |  | 0 | 0 | 18550 |
| BANK AMERICA CORP | COM | 060505104 |  | 1253460 | 37778 | SH |  | SOLE |  | 0 | 0 | 37778 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 560345 | 1514 | SH |  | SOLE |  | 0 | 0 | 1514 |
| BOEING CO | COM | 097023105 |  | 309927 | 1505 | SH |  | SOLE |  | 0 | 0 | 1505 |
| BOK FINL CORP | COM NEW | 05561Q201 |  | 643187 | 6197 | SH |  | SOLE |  | 0 | 0 | 6197 |
| BP PLC | SPONSORED ADR | 055622104 |  | 715434 | 19710 | SH |  | SOLE |  | 0 | 0 | 19710 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 532471 | 7401 | SH |  | SOLE |  | 0 | 0 | 7401 |
| CHEVRON CORP NEW | COM | 166764100 |  | 862709 | 4807 | SH |  | SOLE |  | 88 | 0 | 4719 |
| CISCO SYS INC | COM | 17275R102 |  | 469254 | 9850 | SH |  | SOLE |  | 0 | 0 | 9850 |
| CITIGROUP INC | COM NEW | 172967424 |  | 289472 | 6400 | SH |  | SOLE |  | 0 | 0 | 6400 |
| CLOROX CO DEL | COM | 189054109 |  | 266627 | 1900 | SH |  | SOLE |  | 0 | 0 | 1900 |
| CNH INDL N V | SHS | N20944109 |  | 165588 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| COCA COLA CO | COM | 191216100 |  | 578556 | 9095 | SH |  | SOLE |  | 0 | 0 | 9095 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 3001738 | 21641 | SH |  | SOLE |  | 6815 | 0 | 14826 |
| DANAHER CORPORATION | COM | 235851102 |  | 772903 | 2912 | SH |  | SOLE |  | 0 | 0 | 2912 |
| DEERE  CO | COM | 244199105 |  | 232388 | 542 | SH |  | SOLE |  | 0 | 0 | 542 |
| DELTA AIR LINES INC DEL | COM NEW | 247361702 |  | 550898 | 16765 | SH |  | SOLE |  | 0 | 0 | 16765 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 4428488 | 145594 | SH |  | SOLE |  | 34869 | 0 | 110725 |
| DIMENSIONAL ETF TRUST | US CORE EQT MKT | 25434V104 |  | 5101846 | 189477 | SH |  | SOLE |  | 112376 | 0 | 77101 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 6337686 | 252655 | SH |  | SOLE |  | 149390 | 0 | 103265 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 201654 | 1124 | SH |  | SOLE |  | 0 | 0 | 1124 |
| EMERSON ELEC CO | COM | 291011104 |  | 237749 | 2475 | SH |  | SOLE |  | 0 | 0 | 2475 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 2172523 | 87671 | SH |  | SOLE |  | 0 | 0 | 87671 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 881849 | 6620 | SH |  | SOLE |  | 0 | 0 | 6620 |
| FISERV INC | COM | 337738108 |  | 312812 | 3095 | SH |  | SOLE |  | 0 | 0 | 3095 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 245674 | 2589 | SH |  | SOLE |  | 0 | 0 | 2589 |
| HERTZ GLOBAL HLDGS INC | COM NEW | 42806J700 |  | 346414 | 22509 | SH |  | SOLE |  | 0 | 0 | 22509 |
| HEWLETT PACKARD ENTERPRISE C | COM | 42824C109 |  | 371845 | 23299 | SH |  | SOLE |  | 0 | 0 | 23299 |
| HOME DEPOT INC | COM | 437076102 |  | 811760 | 2570 | SH |  | SOLE |  | 0 | 0 | 2570 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 216996 | 985 | SH |  | SOLE |  | 0 | 0 | 985 |
| INTEL CORP | COM | 458140100 |  | 334947 | 5258 | SH |  | SOLE |  | 1530 | 0 | 3728 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 758197 | 5321 | SH |  | SOLE |  | 0 | 0 | 5321 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 382383 | 11042 | SH |  | SOLE |  | 0 | 0 | 11042 |
| INVESCO EXCHANGE TRADED FD T | FTSE RAFI 1000 | 46137V613 |  | 315793 | 1199 | SH |  | SOLE |  | 1199 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 955969 | 6785 | SH |  | SOLE |  | 6508 | 0 | 277 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 2990599 | 86477 | SH |  | SOLE |  | 5325 | 0 | 81152 |
| ISHARES INC | EM MKTS DIV ETF | 464286319 |  | 228585 | 9477 | SH |  | SOLE |  | 0 | 0 | 9477 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 898470 | 1395 | SH |  | SOLE |  | 0 | 0 | 1395 |
| ISHARES TR | MSCI EAFE MIN VL | 46429B689 |  | 357275 | 5619 | SH |  | SOLE |  | 0 | 0 | 5619 |
| ISHARES TR | MSCI USA VALUE | 46432F388 |  | 652901 | 7164 | SH |  | SOLE |  | 0 | 0 | 7164 |
| ISHARES TR | CRE U S REIT ETF | 464288521 |  | 1497299 | 30273 | SH |  | SOLE |  | 10695 | 0 | 19578 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 7796404 | 73029 | SH |  | SOLE |  | 14550 | 0 | 58479 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1176698 | 11554 | SH |  | SOLE |  | 456 | 0 | 11098 |
| ISHARES TR | CORE S ETF | 464287200 |  | 2853412 | 6819 | SH |  | SOLE |  | 53 | 0 | 6766 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 3140224 | 12556 | SH |  | SOLE |  | 6071 | 0 | 6485 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 385974 | 3854 | SH |  | SOLE |  | 3483 | 0 | 371 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 7963518 | 288182 | SH |  | SOLE |  | 54464 | 0 | 233718 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 313767 | 2413 | SH |  | SOLE |  | 1866 | 0 | 547 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 3175900 | 38904 | SH |  | SOLE |  | 5095 | 0 | 33809 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 752167 | 3209 | SH |  | SOLE |  | 0 | 0 | 3209 |
| KEYCORP | COM | 493267108 |  | 433117 | 24863 | SH |  | SOLE |  | 0 | 0 | 24863 |
| KRAFT HEINZ CO | COM | 500754106 |  | 502032 | 12152 | SH |  | SOLE |  | 0 | 0 | 12152 |
| LIBERTY MEDIA CORP DEL | DEB 4.000%11/1 | 530715AG6 |  | 5182 | 17000 | PRN |  | SOLE |  | 0 | 0 | 17000 |
| LILLY ELI  CO | COM | 532457108 |  | 263039 | 719 | SH |  | SOLE |  | 0 | 0 | 719 |
| LYONDELLBASELL INDUSTRIES N | SHS - A - | N53745100 |  | 234349 | 2822 | SH |  | SOLE |  | 0 | 0 | 2822 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 1418433 | 26300 | SH |  | SOLE |  | 0 | 0 | 26300 |
| MEDICAL PPTYS TRUST INC | COM | 58463J304 |  | 206090 | 18500 | SH |  | SOLE |  | 0 | 0 | 18500 |
| MERCK  CO INC | COM | 58933Y105 |  | 247911 | 2234 | SH |  | SOLE |  | 0 | 0 | 2234 |
| MICROSOFT CORP | COM | 594918104 |  | 925945 | 3861 | SH |  | SOLE |  | 0 | 0 | 3861 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 462038 | 735 | SH |  | SOLE |  | 0 | 0 | 735 |
| NORTHERN OIL AND GAS INC MN | COM | 665531307 |  | 307491 | 9977 | SH |  | SOLE |  | 0 | 0 | 9977 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 238273 | 3783 | SH |  | SOLE |  | 0 | 0 | 3783 |
| OGE ENERGY CORP | COM | 670837103 |  | 519647 | 13139 | SH |  | SOLE |  | 0 | 0 | 13139 |
| OLD REP INTL CORP | COM | 680223104 |  | 580364 | 24032 | SH |  | SOLE |  | 0 | 0 | 24032 |
| ONEOK INC NEW | COM | 682680103 |  | 3659342 | 55698 | SH |  | SOLE |  | 0 | 0 | 55698 |
| ORION ENGINEERED CARBONS S A | COM | L72967109 |  | 465660 | 26146 | SH |  | SOLE |  | 0 | 0 | 26146 |
| PEPSICO INC | COM | 713448108 |  | 1089945 | 7998 | SH |  | SOLE |  | 4886 | 0 | 3112 |
| PFIZER INC | COM | 717081103 |  | 287200 | 4480 | SH |  | SOLE |  | 0 | 0 | 4480 |
| PHILLIPS 66 | COM | 718546104 |  | 1291321 | 8357 | SH |  | SOLE |  | 0 | 0 | 8357 |
| PLAINS GP HLDGS L P | LTD PARTNR INT A | 72651A207 |  | 479447 | 38541 | SH |  | SOLE |  | 0 | 0 | 38541 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 552588 | 2446 | SH |  | SOLE |  | 0 | 0 | 2446 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 794971 | 7893 | SH |  | SOLE |  | 0 | 0 | 7893 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 278861 | 2663 | SH |  | SOLE |  | 0 | 0 | 2663 |
| REALTY INCOME CORP | COM | 756109104 |  | 605418 | 28857 | SH |  | SOLE |  | 28857 | 0 | 0 |
| RPM INTL INC | COM | 749685103 |  | 314409 | 3226 | SH |  | SOLE |  | 0 | 0 | 3226 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 |  | 312195 | 12599 | SH |  | SOLE |  | 0 | 0 | 12599 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 |  | 4387668 | 82105 | SH |  | SOLE |  | 0 | 0 | 82105 |
| SCHWAB STRATEGIC TR | INTERNL DIVID | 808524672 |  | 781249 | 34835 | SH |  | SOLE |  | 6140 | 0 | 28695 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 4357587 | 52348 | SH |  | SOLE |  | 10055 | 0 | 42293 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 453415 | 6431 | SH |  | SOLE |  | 0 | 0 | 6431 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 1592271 | 17809 | SH |  | SOLE |  | 0 | 0 | 17809 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 367624 | 9050 | SH |  | SOLE |  | 300 | 0 | 8750 |
| SHELL PLC | SPON ADS | 780259305 |  | 1599456 | 28090 | SH |  | SOLE |  | 1000 | 0 | 27090 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 4970893 | 14897 | SH |  | SOLE |  | 0 | 0 | 14897 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 3270032 | 19286 | SH |  | SOLE |  | 2550 | 0 | 16736 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 4181806 | 3582 | SH |  | SOLE |  | 373 | 0 | 3209 |
| SPDR SER TR | PRTFLO S VL | 78464A508 |  | 613534 | 15776 | SH |  | SOLE |  | 0 | 0 | 15776 |
| SPDR SER TR | SSGA US SMAL ETF | 78468R887 |  | 862896 | 8016 | SH |  | SOLE |  | 0 | 0 | 8016 |
| SPDR SER TR | S OILGAS EXP | 78468R556 |  | 3391805 | 24776 | SH |  | SOLE |  | 2644 | 0 | 22132 |
| SPDR SER TR | PRTFLO S HI | 78468R788 |  | 12074919 | 302009 | SH |  | SOLE |  | 112352 | 0 | 189657 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 339325 | 8975 | SH |  | SOLE |  | 1000 | 0 | 7975 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 706641 | 24656 | SH |  | SOLE |  | 0 | 0 | 24656 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 210883 | 1103 | SH |  | SOLE |  | 0 | 0 | 1103 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 433990 | 5254 | SH |  | SOLE |  | 4720 | 0 | 534 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1915923 | 38205 | SH |  | SOLE |  | 1700 | 0 | 36505 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 554269 | 4570 | SH |  | SOLE |  | 0 | 0 | 4570 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 636758 | 15361 | SH |  | SOLE |  | 0 | 0 | 15361 |
| VISTRA CORP | COM | 92840M102 |  | 297416 | 12737 | SH |  | SOLE |  | 3500 | 0 | 9237 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 366427 | 9808 | SH |  | SOLE |  | 0 | 0 | 9808 |
| WALMART INC | COM | 931142103 |  | 719530 | 5075 | SH |  | SOLE |  | 494 | 0 | 4581 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 305546 | 7400 | SH |  | SOLE |  | 0 | 0 | 7400 |
| WILLIAMS COS INC | COM | 969457100 |  | 212902 | 6111 | SH |  | SOLE |  | 400 | 0 | 5711 |

---