CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2023-01-18

SEC-registered investment adviser since 2009 · limited liability company

Assets managed$2.5bn
Staff7 · 2 in investment roles
Main clients (by assets)Pension plans 55%, High net worth individuals 29%, Companies 11%
Websiteckwhawaii.com
Form ADV · 2026-03-30SEC adviser record

$594.5m reported value +11.1% vs Q3 2022

204positions

95.9%in top 10

1 new 42 added 44 reduced 8 sold out vs Q3 2022

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE S&P500 ETF IVV	IVV	737,131	$283.2m47.64%	47.64%	Added +15.0k	+14,992 2.1%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,792,106	$110.5m18.58%	18.58%	Added +20.6k	+20,625 1.2%
3	ISHARES INC CORE MSCI EMKT IEMG	IEMG	1,155,813	$54.0m9.08%	9.08%	Added +27.6k	+27,622 2.5%
4	MCDONALDS CORP COM MCD	MCD	189,215	$49.9m8.39%	8.39%	Reduced -280	-280 -0.1%
5	ISHARES TR CORE S&P MCP ETF IJH	IJH	154,558	$37.4m6.29%	6.29%	Reduced -863	-863 -0.6%
6	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	466,433	$27.0m4.55%	4.55%	Reduced -77	-77 -0.0%
7	MICROSOFT CORP COM MSFT	MSFT	9,874	$2.4m0.40%	0.40%	Added +2	+2 0.0%
8	MATSON INC COM MATX	MATX	33,043	$2.1m0.35%	0.35%	Unchanged
9	APPLE INC COM AAPL	AAPL	15,377	$2.0m0.34%	0.34%	Reduced -206	-206 -1.3%
10	ISHARES TR CORE S&P US VLU IUSV	IUSV	26,856	$1.9m0.32%	0.32%	Reduced -145	-145 -0.5%
11	ISHARES TR MSCI ACWI ETF ACWI	ACWI	20,065	$1.7m0.29%	0.29%	Reduced -2.3k	-2,305 -10.3%
12	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	17,219	$1.5m0.26%	0.26%	Added +8.3k	+8,332 93.8%
13	JPMORGAN CHASE & CO COM JPM	JPM	10,887	$1.5m0.25%	0.25%	Added +908	+908 9.1%
14	ISHARES TR JPMORGAN USD EMG EMB	EMB	15,337	$1.3m0.22%	0.22%	Added +8.5k	+8,539 125.6%
15	FIRST HAWAIIAN INC COM FHB	FHB	32,000	$833.0k0.14%	0.14%	Unchanged
16	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	7,902	$751.0k0.13%	0.13%	Added +25	+25 0.3%
17	BANK AMERICA CORP COM BAC	BAC	20,243	$670.0k0.11%	0.11%	Added +46	+46 0.2%
18	TOYOTA MOTOR CORP ADS TM	TM	4,521	$617.0k0.10%	0.10%	Added +1	+1 0.0%
19	COSTCO WHSL CORP NEW COM COST	COST	1,177	$537.0k0.09%	0.09%	Unchanged
20	JOHNSON & JOHNSON COM JNJ	JNJ	2,691	$475.0k0.08%	0.08%	Added +5	+5 0.2%
21	BANK HAWAII CORP COM BOH	BOH	5,622	$436.0k0.07%	0.07%	Added +3	+3 0.1%
22	NIKE INC CL B NKE	NKE	3,347	$392.0k0.07%	0.07%	Added +3	+3 0.1%
23	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	8,932	$365.0k0.06%	0.06%	Reduced -213	-213 -2.3%
24	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,470	$348.0k0.06%	0.06%	Reduced -312	-312 -11.2%
25	SCHWAB CHARLES CORP COM SCHW	SCHW	4,100	$341.0k0.06%	0.06%	Reduced -300	-300 -6.8%
26	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,025	$317.0k0.05%	0.05%	Unchanged
27	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,913	$317.0k0.05%	0.05%	Added +3	+3 0.2%
28	OCCIDENTAL PETE CORP COM OXY	OXY	4,900	$309.0k0.05%	0.05%	Reduced -100	-100 -2.0%
29	NVIDIA CORPORATION COM NVDA	NVDA	2,096	$306.0k0.05%	0.05%	Reduced -8	-8 -0.4%
30	ISHARES TR GRWT ALLOCAT ETF AOR	AOR	5,489	$259.0k0.04%	0.04%	Added +120	+120 2.2%
31	WELLS FARGO CO NEW COM WFC	WFC	6,200	$256.0k0.04%	0.04%	Reduced -300	-300 -4.6%
32	TEXAS INSTRS INC COM TXN	TXN	1,505	$249.0k0.04%	0.04%	Unchanged
33	HELIOGEN INC COMMON STOCK COMMON STOCK		347,043	$242.0k0.04%	0.04%	Unchanged
34	SANOFI SPONSORED ADR SNY	SNY	4,950	$240.0k0.04%	0.04%	Added +500	+500 11.2%
35	CHEVRON CORP NEW COM CVX	CVX	1,269	$228.0k0.04%	0.04%	Added +2	+2 0.2%
36	GE AEROSPACE COM NEW GE	GE	2,672	$224.0k0.04%	0.04%	Reduced -12	-12 -0.5%
37	ELI LILLY & CO COM LLY	LLY	602	$220.0k0.04%	0.04%	Unchanged
38	ALPHABET INC CAP STK CL C GOOG	GOOG	2,420	$215.0k0.04%	0.04%	Added +225	+225 10.2%
39	METLIFE INC COM MET	MET	2,954	$214.0k0.04%	0.04%	Reduced -300	-300 -9.2%
40	THE CIGNA GROUP COM CI	CI	625	$207.0k0.03%	0.03%	Reduced -50	-50 -7.4%
41	STARBUCKS CORP COM SBUX	SBUX	2,080	$206.0k0.03%	0.03%	Unchanged
42	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	529	$202.0k0.03%	0.03%	Added +5	+5 0.9%
43	RTX CORPORATION COM RTX	RTX	1,951	$197.0k0.03%	0.03%	Reduced -200	-200 -9.3%
44	FISERV INC COM FISV	FISV	1,900	$192.0k0.03%	0.03%	Unchanged
45	VMWARE INC CL A COM VMW	VMW	1,562	$192.0k0.03%	0.03%	Reduced -55	-55 -3.4%
46	AMAZON COM INC COM AMZN	AMZN	2,198	$185.0k0.03%	0.03%	Added +400	+400 22.2%
47	MONSTER BEVERAGE CORP NEW COM MNST	MNST	1,800	$183.0k0.03%	0.03%	Unchanged
48	CAPITAL ONE FINL CORP COM COF	COF	1,875	$174.0k0.03%	0.03%	Unchanged
49	GILEAD SCIENCES INC COM GILD	GILD	2,000	$172.0k0.03%	0.03%	Reduced -108	-108 -5.1%
50	VERIZON COMMUNICATIONS INC COM VZ	VZ	4,363	$172.0k0.03%	0.03%	Unchanged
51	JOHNSON CTLS INTL PLC SHS JCI	JCI	2,500	$160.0k0.03%	0.03%	Reduced -100	-100 -3.9%
52	FEDEX CORP COM FDX	FDX	900	$156.0k0.03%	0.03%	Unchanged
53	GOLDMAN SACHS GROUP INC COM GS	GS	400	$137.0k0.02%	0.02%	Reduced -25	-25 -5.9%
54	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	400	$136.0k0.02%	0.02%	Added +75	+75 23.1%
55	WILLIAMS COS INC COM WMB	WMB	4,100	$135.0k0.02%	0.02%	Unchanged
56	BANK NEW YORK MELLON CORP COM BNY	BNY	2,900	$132.0k0.02%	0.02%	Reduced -200	-200 -6.5%
57	CISCO SYS INC COM CSCO	CSCO	2,740	$131.0k0.02%	0.02%	Reduced -198	-198 -6.7%
58	COMCAST CORP NEW CL A CMCSA	CMCSA	3,700	$129.0k0.02%	0.02%	Reduced -300	-300 -7.5%
59	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,420	$125.0k0.02%	0.02%	Unchanged
60	GSK PLC SPONSORED ADR GSK	GSK	3,540	$124.0k0.02%	0.02%	Added +100	+100 2.9%
61	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,625	$120.0k0.02%	0.02%	Unchanged
62	FORD MTR CO COM F	F	9,764	$114.0k0.02%	0.02%	Added +54	+54 0.6%
63	NOVARTIS AG SPONSORED ADR NVS	NVS	1,200	$109.0k0.02%	0.02%	Unchanged
64	TESLA INC COM TSLA	TSLA	870	$107.0k0.02%	0.02%	Reduced -350	-350 -28.7%
65	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	1,941	$97.0k0.02%	0.02%	Unchanged
66	STATE STR CORP COM STT	STT	1,250	$97.0k0.02%	0.02%	Unchanged
67	FIDELITY NATL INFORMATION SV COM FIS	FIS	1,400	$95.0k0.02%	0.02%	Added +900	+900 180.0%
68	UNITEDHEALTH GROUP INC COM UNH	UNH	175	$93.0k0.02%	0.02%	Reduced -25	-25 -12.5%
69	DISNEY WALT CO COM DIS	DIS	1,060	$92.0k0.02%	0.02%	Unchanged
70	PROCTER AND GAMBLE CO COM PG	PG	602	$91.0k0.02%	0.02%	Unchanged
71	AT&T INC COM T	T	4,878	$90.0k0.02%	0.02%	Unchanged
72	CONOCOPHILLIPS COM COP	COP	750	$89.0k0.01%	0.01%	Reduced -400	-400 -34.8%
73	BLACKROCK DEBT STRATEGIES FD COM NEW DSU	DSU	9,518	$88.0k0.01%	0.01%	Unchanged
74	AFLAC INC COM AFL	AFL	1,210	$87.0k0.01%	0.01%	Unchanged
75	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	1,200	$84.0k0.01%	0.01%	Reduced -500	-500 -29.4%
76	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,951	$80.0k0.01%	0.01%	Reduced -199	-199 -9.3%
77	INCYTE CORP COM INCY	INCY	1,000	$80.0k0.01%	0.01%	Unchanged
78	MAGNA INTL INC COM MGA	MGA	1,418	$80.0k0.01%	0.01%	Added +5	+5 0.3%
79	MOLSON COORS BEVERAGE CO CL B TAP	TAP	1,550	$80.0k0.01%	0.01%	Unchanged
80	HP INC COM HPQ	HPQ	2,950	$79.0k0.01%	0.01%	Reduced -200	-200 -6.3%
81	REGENERON PHARMACEUTICALS COM REGN	REGN	110	$79.0k0.01%	0.01%	Unchanged
82	CITIGROUP INC COM NEW C	C	1,700	$77.0k0.01%	0.01%	Added +200	+200 13.3%
83	T-MOBILE US INC COM TMUS	TMUS	550	$77.0k0.01%	0.01%	Reduced -300	-300 -35.3%
84	GENTEX CORP COM GNTX	GNTX	2,767	$76.0k0.01%	0.01%	Added +5	+5 0.2%
85	INTEL CORP COM INTC	INTC	2,882	$76.0k0.01%	0.01%	Reduced -19	-19 -0.7%
86	STEM INC COM COM		8,389	$75.0k0.01%	0.01%	Unchanged
87	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	1,200	$72.0k0.01%	0.01%	Unchanged
88	BIOMARIN PHARMACEUTICAL INC COM BMRN	BMRN	700	$72.0k0.01%	0.01%	Reduced -100	-100 -12.5%
89	MANULIFE FINL CORP COM MFC	MFC	3,972	$71.0k0.01%	0.01%	Reduced -4.3k	-4,310 -52.0%
90	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	1,200	$69.0k0.01%	0.01%	Reduced -400	-400 -25.0%
91	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	600	$69.0k0.01%	0.01%	Reduced -100	-100 -14.3%
92	ADOBE INC COM ADBE	ADBE	200	$67.0k0.01%	0.01%	Unchanged
93	JUNIPER NETWORKS INC COM JNPR	JNPR	2,100	$67.0k0.01%	0.01%	Reduced -200	-200 -8.7%
94	META PLATFORMS INC CL A META	META	550	$66.0k0.01%	0.01%	Unchanged
95	XOS INC COMMON STOCK COMMON STOCK		149,608	$66.0k0.01%	0.01%	Unchanged
96	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	800	$66.0k0.01%	0.01%	Added +100	+100 14.3%
97	FOX CORP CL A COM FOXA	FOXA	2,099	$64.0k0.01%	0.01%	Reduced -400	-400 -16.0%
98	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$63.0k0.01%	0.01%	Unchanged
99	BAKER HUGHES COMPANY CL A BKR	BKR	2,100	$62.0k0.01%	0.01%	Added +700	+700 50.0%
100	EXXON MOBIL CORP COM XOM	XOM	565	$62.0k0.01%	0.01%	Added +1	+1 0.2%

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
ISHARES TR AGG	AGG	7,173	$691.0k7.2k shares
VANGUARD INDEX FDS VTI	VTI	2,009	$361.0k2.0k shares
VANGUARD INTL EQUITY INDEX F VEU	VEU	7,500	$333.0k7.5k shares
RIVIAN AUTOMOTIVE INC RIVN	RIVN	3,172	$104.0k3.2k shares
SCHLUMBERGER LTD SLB	SLB	1,400	$50.0k1.4k shares
GLOBAL X FDS PAVE	PAVE	100	$2.0k100 shares
KNIGHT-SWIFT TRANSN HLDGS IN KNX	KNX	25	$1.0k25 shares
HOWMET AEROSPACE INC HWM	HWM	16	$016 shares