CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2023-05-12

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

Kindinstitutions
Others nearbyHonolulu, HI

$613.5m reported value +3.2% vs Q4 2022

203positions

96.3%in top 10

3 new 37 added 13 reduced 4 sold out vs Q4 2022

Holdings, Q1 2023

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	724,550	$297.8m48.55%	48.55%	Reduced -12.6k	-12,581 -1.7%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	1,783,965	$119.3m19.44%	19.44%	Reduced -8.1k	-8,141 -0.5%
3	ISHARES INC CORE MSCI EMKT IEMG	IEMG	1,158,519	$56.5m9.21%	9.21%	Added +2.7k	+2,706 0.2%
4	MCDONALDS CORP COM MCD	MCD	143,655	$40.2m6.55%	6.55%	Reduced -45.6k	-45,560 -24.1%
5	ISHARES TR CORE S&P MCP ETF IJH	IJH	155,181	$38.8m6.33%	6.33%	Added +623	+623 0.4%
6	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	473,632	$28.5m4.65%	4.65%	Added +7.2k	+7,199 1.5%
7	MICROSOFT CORP COM MSFT	MSFT	9,876	$2.8m0.46%	0.46%	Added +2	+2 0.0%
8	APPLE INC COM AAPL	AAPL	15,482	$2.6m0.42%	0.42%	Added +105	+105 0.7%
9	ISHARES TR CORE S&P US VLU IUSV	IUSV	29,576	$2.2m0.36%	0.36%	Added +2.7k	+2,720 10.1%
10	MATSON INC COM MATX	MATX	34,616	$2.1m0.34%	0.34%	Added +1.6k	+1,573 4.8%
11	ISHARES TR MSCI ACWI ETF ACWI	ACWI	17,810	$1.6m0.26%	0.26%	Reduced -2.3k	-2,255 -11.2%
12	JPMORGAN CHASE & CO COM JPM	JPM	10,887	$1.4m0.23%	0.23%	Unchanged
13	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	8,853	$808.0k0.13%	0.13%	Reduced -8.4k	-8,366 -48.6%
14	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	7,902	$765.0k0.12%	0.12%	Unchanged
15	FIRST HAWAIIAN INC COM FHB	FHB	32,000	$660.0k0.11%	0.11%	Unchanged
16	TOYOTA MOTOR CORP ADS TM	TM	4,521	$641.0k0.10%	0.10%	Unchanged
17	ISHARES TR JPMORGAN USD EMG EMB	EMB	6,824	$589.0k0.10%	0.10%	Reduced -8.5k	-8,513 -55.5%
18	BANK AMERICA CORP COM BAC	BAC	20,497	$586.0k0.10%	0.10%	Added +254	+254 1.2%
19	COSTCO WHSL CORP NEW COM COST	COST	1,177	$585.0k0.10%	0.10%	Unchanged
20	NVIDIA CORPORATION COM NVDA	NVDA	2,096	$582.0k0.09%	0.09%	Unchanged
21	JOHNSON & JOHNSON COM JNJ	JNJ	2,696	$418.0k0.07%	0.07%	Added +5	+5 0.2%
22	NIKE INC CL B NKE	NKE	3,347	$411.0k0.07%	0.07%	Unchanged
23	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	9,064	$378.0k0.06%	0.06%	Added +132	+132 1.5%
24	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,488	$326.0k0.05%	0.05%	Added +18	+18 0.7%
25	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,916	$319.0k0.05%	0.05%	Added +3	+3 0.2%
26	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,025	$316.0k0.05%	0.05%	Unchanged
27	OCCIDENTAL PETE CORP COM OXY	OXY	4,900	$306.0k0.05%	0.05%	Unchanged
28	BANK HAWAII CORP COM BOH	BOH	5,627	$293.0k0.05%	0.05%	Added +5	+5 0.1%
29	TEXAS INSTRS INC COM TXN	TXN	1,505	$280.0k0.05%	0.05%	Unchanged
30	SANOFI SPONSORED ADR SNY	SNY	4,950	$269.0k0.04%	0.04%	Unchanged
31	ISHARES TR GRWT ALLOCAT ETF AOR	AOR	5,299	$265.0k0.04%	0.04%	Reduced -190	-190 -3.5%
32	GE AEROSPACE COM NEW GE	GE	2,672	$255.0k0.04%	0.04%	Unchanged
33	ALPHABET INC CAP STK CL C GOOG	GOOG	2,420	$252.0k0.04%	0.04%	Unchanged
34	AMAZON COM INC COM AMZN	AMZN	2,358	$244.0k0.04%	0.04%	Added +160	+160 7.3%
35	WELLS FARGO CO NEW COM WFC	WFC	6,400	$239.0k0.04%	0.04%	Added +200	+200 3.2%
36	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	532	$218.0k0.04%	0.04%	Added +3	+3 0.6%
37	STARBUCKS CORP COM SBUX	SBUX	2,080	$217.0k0.04%	0.04%	Unchanged
38	FISERV INC COM FISV	FISV	1,900	$215.0k0.04%	0.04%	Unchanged
39	SCHWAB CHARLES CORP COM SCHW	SCHW	4,100	$215.0k0.04%	0.04%	Unchanged
40	CHEVRON CORP NEW COM CVX	CVX	1,271	$207.0k0.03%	0.03%	Added +2	+2 0.2%
41	ELI LILLY & CO COM LLY	LLY	602	$207.0k0.03%	0.03%	Unchanged
42	FEDEX CORP COM FDX	FDX	900	$206.0k0.03%	0.03%	Unchanged
43	VMWARE INC CL A COM VMW	VMW	1,562	$195.0k0.03%	0.03%	Unchanged
44	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$194.0k0.03%	0.03%	Unchanged
45	RTX CORPORATION COM RTX	RTX	1,951	$191.0k0.03%	0.03%	Unchanged
46	TESLA INC COM TSLA	TSLA	880	$183.0k0.03%	0.03%	Added +10	+10 1.1%
47	CAPITAL ONE FINL CORP COM COF	COF	1,875	$180.0k0.03%	0.03%	Unchanged
48	METLIFE INC COM MET	MET	2,954	$171.0k0.03%	0.03%	Unchanged
49	VERIZON COMMUNICATIONS INC COM VZ	VZ	4,363	$170.0k0.03%	0.03%	Unchanged
50	GILEAD SCIENCES INC COM GILD	GILD	2,000	$166.0k0.03%	0.03%	Unchanged
51	THE CIGNA GROUP COM CI	CI	625	$160.0k0.03%	0.03%	Unchanged
52	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,520	$158.0k0.03%	0.03%	Added +100	+100 7.0%
53	JOHNSON CTLS INTL PLC SHS JCI	JCI	2,500	$151.0k0.02%	0.02%	Unchanged
54	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	400	$143.0k0.02%	0.02%	Unchanged
55	CISCO SYS INC COM CSCO	CSCO	2,742	$143.0k0.02%	0.02%	Added +2	+2 0.1%
56	COMCAST CORP NEW CL A CMCSA	CMCSA	3,700	$140.0k0.02%	0.02%	Unchanged
57	GSK PLC SPONSORED ADR GSK	GSK	3,940	$140.0k0.02%	0.02%	Added +400	+400 11.3%
58	BANK NEW YORK MELLON CORP COM BNY	BNY	2,900	$132.0k0.02%	0.02%	Unchanged
59	FORD MTR CO COM F	F	10,090	$127.0k0.02%	0.02%	Added +326	+326 3.3%
60	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,625	$123.0k0.02%	0.02%	Unchanged
61	WILLIAMS COS INC COM WMB	WMB	4,100	$122.0k0.02%	0.02%	Unchanged
62	NOVARTIS AG SPONSORED ADR NVS	NVS	1,200	$110.0k0.02%	0.02%	Unchanged
63	DISNEY WALT CO COM DIS	DIS	1,060	$106.0k0.02%	0.02%	Unchanged
64	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	1,200	$101.0k0.02%	0.02%	Unchanged
65	GOLDMAN SACHS GROUP INC COM GS	GS	300	$98.0k0.02%	0.02%	Reduced -100	-100 -25.0%
66	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	1,921	$97.0k0.02%	0.02%	Reduced -20	-20 -1.0%
67	AT&T INC COM T	T	4,928	$95.0k0.02%	0.02%	Added +50	+50 1.0%
68	STATE STR CORP COM STT	STT	1,250	$95.0k0.02%	0.02%	Unchanged
69	INTEL CORP COM INTC	INTC	2,883	$94.0k0.02%	0.02%	Added +1	+1 0.0%
70	BLACKROCK DEBT STRATEGIES FD COM NEW DSU	DSU	9,518	$91.0k0.01%	0.01%	Unchanged
71	PROCTER AND GAMBLE CO COM PG	PG	603	$90.0k0.01%	0.01%	Added +1	+1 0.2%
72	REGENERON PHARMACEUTICALS COM REGN	REGN	110	$90.0k0.01%	0.01%	Unchanged
73	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,951	$89.0k0.01%	0.01%	Unchanged
74	HP INC COM HPQ	HPQ	2,950	$87.0k0.01%	0.01%	Unchanged
75	HUBSPOT INC COM HUBS	HUBS	203	$87.0k0.01%	0.01%	Unchanged
76	META PLATFORMS INC CL A META	META	400	$85.0k0.01%	0.01%	Reduced -150	-150 -27.3%
77	HELIOGEN INC COMMON STOCK COMMON STOCK		347,043	$83.0k0.01%	0.01%	Unchanged
78	UNITEDHEALTH GROUP INC COM UNH	UNH	175	$83.0k0.01%	0.01%	Unchanged
79	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	1,200	$80.0k0.01%	0.01%	Unchanged
80	BOOKING HOLDINGS INC COM BKNG	BKNG	30	$80.0k0.01%	0.01%	Unchanged
81	MOLSON COORS BEVERAGE CO CL B TAP	TAP	1,550	$80.0k0.01%	0.01%	Unchanged
82	T-MOBILE US INC COM TMUS	TMUS	550	$80.0k0.01%	0.01%	Unchanged
83	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$79.0k0.01%	0.01%	Unchanged
84	XOS INC COMMON STOCK COMMON STOCK		149,608	$79.0k0.01%	0.01%	Unchanged
85	TE CONNECTIVITY LTD SHS TEL1USD	TEL1USD	600	$79.0k0.01%	0.01%	Unchanged
86	AFLAC INC COM AFL	AFL	1,210	$78.0k0.01%	0.01%	Unchanged
87	GENTEX CORP COM GNTX	GNTX	2,775	$78.0k0.01%	0.01%	Added +8	+8 0.3%
88	ADOBE INC COM ADBE	ADBE	200	$77.0k0.01%	0.01%	Unchanged
89	FIDELITY NATL INFORMATION SV COM FIS	FIS	1,400	$76.0k0.01%	0.01%	Unchanged
90	MAGNA INTL INC COM MGA	MGA	1,423	$76.0k0.01%	0.01%	Added +5	+5 0.3%
91	LYONDELLBASELL INDUSTRIES N SHS - A - LYB	LYB	800	$75.0k0.01%	0.01%	Unchanged
92	CONOCOPHILLIPS COM COP	COP	750	$74.0k0.01%	0.01%	Unchanged
93	COGNIZANT TECHNOLOGY SOLUTIO CL A CTSH	CTSH	1,200	$73.0k0.01%	0.01%	Unchanged
94	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	888	$73.0k0.01%	0.01%	New
95	INCYTE CORP COM INCY	INCY	1,000	$72.0k0.01%	0.01%	Unchanged
96	JUNIPER NETWORKS INC COM JNPR	JNPR	2,100	$72.0k0.01%	0.01%	Unchanged
97	FOX CORP CL A COM FOXA	FOXA	2,099	$71.0k0.01%	0.01%	Unchanged
98	CITIGROUP INC COM NEW C	C	1,500	$70.0k0.01%	0.01%	Reduced -200	-200 -11.8%
99	HONDA MOTOR LTD ADR ECH CNV IN 3 HMC	HMC	2,600	$69.0k0.01%	0.01%	Unchanged
100	NETFLIX INC COM NFLX	NFLX	200	$69.0k0.01%	0.01%	Unchanged

Sold out since Q4 2022

Security	Ticker	Shares held before	Value then
AMERICAN EXPRESS CO AXP	AXP	275	$41.0k275 shares
PAYPAL HLDGS INC PYPL	PYPL	400	$28.0k400 shares
MICRO FOCUS INTL PLC MFGP	MFGP	1,789	$11.0k1.8k shares
QURATE RETAIL INC		3,075	$5.0k3.1k shares