CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2024-04-22

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

$768.3m reported value +6.7% vs Q4 2023

227positions

92.9%in top 10

11 new 55 added 16 reduced 15 sold out vs Q4 2023

Holdings, Q1 2024

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	680,716	$357.3m46.51%	46.51%	Reduced -16.7k	-16,663 -2.4%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	2,056,465	$152.0m19.78%	19.78%	Added +310.7k	+310,693 17.8%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	807,137	$48.7m6.34%	6.34%	Added +24.7k	+24,682 3.1%
4	MCDONALDS CORP COM MCD	MCD	142,515	$39.9m5.20%	5.20%	Unchanged
5	ISHARES INC CORE MSCI EMKT IEMG	IEMG	696,969	$36.0m4.69%	4.69%	Reduced -218.8k	-218,752 -23.9%
6	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	457,687	$33.1m4.31%	4.31%	Added +32.0k	+32,013 7.5%
7	ISHARES INC MSCI EMRG CHN EMXC	EMXC	357,764	$20.5m2.67%	2.67%	Added +118.4k	+118,418 49.5%
8	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	234,735	$13.7m1.79%	1.79%	Reduced -283.1k	-283,062 -54.7%
9	NVIDIA CORPORATION COM NVDA	NVDA	7,417	$6.7m0.87%	0.87%	Reduced -2.7k	-2,670 -26.5%
10	AMAZON COM INC COM AMZN	AMZN	30,153	$5.5m0.71%	0.71%	Added +280	+280 0.9%
11	MICROSOFT CORP COM MSFT	MSFT	10,442	$4.4m0.58%	0.58%	Reduced -98	-98 -0.9%
12	MATSON INC COM MATX	MATX	35,911	$4.0m0.52%	0.52%	Unchanged
13	APPLE INC COM AAPL	AAPL	15,697	$2.7m0.35%	0.35%	Added +103	+103 0.7%
14	VANGUARD INDEX FDS MID CAP ETF VO	VO	9,510	$2.4m0.31%	0.31%	Reduced -22	-22 -0.2%
15	KRANESHARES TRUST MSCI EMG EX CH KEMX	KEMX	78,290	$2.3m0.30%	0.30%	Added +72	+72 0.1%
16	JPMORGAN CHASE & CO COM JPM	JPM	10,987	$2.2m0.28%	0.28%	Reduced -139	-139 -1.2%
17	ALPHABET INC CAP STK CL A GOOGL	GOOGL	13,830	$2.1m0.28%	0.28%	Added +760	+760 5.8%
18	ISHARES TR MSCI ACWI ETF ACWI	ACWI	19,115	$2.1m0.27%	0.27%	Added +405	+405 2.2%
19	COSTCO WHSL CORP NEW COM COST	COST	2,565	$1.9m0.24%	0.24%	Unchanged
20	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	19,037	$1.8m0.23%	0.23%	Reduced -78	-78 -0.4%
21	ALPHABET INC CAP STK CL C GOOG	GOOG	11,200	$1.8m0.23%	0.23%	Unchanged
22	ISHARES TR JPMORGAN USD EMG EMB	EMB	16,449	$1.5m0.19%	0.19%	Reduced -321	-321 -1.9%
23	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,824	$1.3m0.16%	0.16%	Reduced -1	-1 -0.0%
24	TOYOTA MOTOR CORP ADS TM	TM	4,515	$1.1m0.14%	0.14%	Unchanged
25	ELI LILLY & CO COM LLY	LLY	1,302	$990.0k0.13%	0.13%	Unchanged
26	ABBVIE INC COM ABBV	ABBV	5,197	$939.0k0.12%	0.12%	Unchanged
27	BANK AMERICA CORP COM BAC	BAC	20,069	$753.0k0.10%	0.10%	Added +300	+300 1.5%
28	JOHNSON & JOHNSON COM JNJ	JNJ	4,689	$740.0k0.10%	0.10%	Added +20	+20 0.4%
29	FIRST HAWAIIAN INC COM FHB	FHB	32,200	$693.0k0.09%	0.09%	Unchanged
30	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	6,606	$693.0k0.09%	0.09%	Reduced -889	-889 -11.9%
31	UNITED PARCEL SERVICE INC CL B UPS	UPS	4,301	$635.0k0.08%	0.08%	Unchanged
32	PROCTER AND GAMBLE CO COM PG	PG	3,849	$618.0k0.08%	0.08%	Added +1	+1 0.0%
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,549	$484.0k0.06%	0.06%	Added +12	+12 0.5%
34	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,055	$443.0k0.06%	0.06%	Added +30	+30 2.9%
35	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,930	$394.0k0.05%	0.05%	Added +3	+3 0.2%
36	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	9,108	$384.0k0.05%	0.05%	Reduced -207	-207 -2.2%
37	OCCIDENTAL PETE CORP COM OXY	OXY	5,563	$369.0k0.05%	0.05%	Added +1.3k	+1,263 29.4%
38	WELLS FARGO CO NEW COM WFC	WFC	6,400	$369.0k0.05%	0.05%	Unchanged
39	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	5,583	$364.0k0.05%	0.05%	Unchanged
40	WALMART INC COM WMT	WMT	6,057	$363.0k0.05%	0.05%	Unchanged
41	SCHWAB CHARLES CORP COM SCHW	SCHW	4,600	$333.0k0.04%	0.04%	Unchanged
42	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	629	$328.0k0.04%	0.04%	Added +4	+4 0.6%
43	ISHARES TR GRWT ALLOCAT ETF AOR	AOR	5,837	$324.0k0.04%	0.04%	Added +245	+245 4.4%
44	NIKE INC CL B NKE	NKE	3,356	$311.0k0.04%	0.04%	Added +4	+4 0.1%
45	FISERV INC COM FISV	FISV	1,900	$301.0k0.04%	0.04%	Unchanged
46	GE AEROSPACE COM NEW GE	GE	1,702	$299.0k0.04%	0.04%	Added +25	+25 1.5%
47	BANK HAWAII CORP COM BOH	BOH	4,640	$283.0k0.04%	0.04%	Added +5	+5 0.1%
48	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,450	$266.0k0.03%	0.03%	Unchanged
49	THE CIGNA GROUP COM CI	CI	725	$264.0k0.03%	0.03%	Unchanged
50	TEXAS INSTRS INC COM TXN	TXN	1,505	$261.0k0.03%	0.03%	Unchanged
51	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	15,861	$257.0k0.03%	0.03%	Unchanged
52	RTX CORPORATION COM RTX	RTX	2,553	$250.0k0.03%	0.03%	Added +201	+201 8.6%
53	SANOFI SPONSORED ADR SNY	SNY	4,950	$239.0k0.03%	0.03%	Unchanged
54	METLIFE INC COM MET	MET	3,154	$232.0k0.03%	0.03%	Added +200	+200 6.8%
55	FEDEX CORP COM FDX	FDX	800	$224.0k0.03%	0.03%	Unchanged
56	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$208.0k0.03%	0.03%	Unchanged
57	CHEVRON CORP NEW COM CVX	CVX	1,280	$204.0k0.03%	0.03%	Added +2	+2 0.2%
58	LAKELAND FINL CORP COM LKFN	LKFN	3,147	$203.0k0.03%	0.03%	Added +14	+14 0.5%
59	CAPITAL ONE FINL CORP COM COF	COF	1,375	$200.0k0.03%	0.03%	Unchanged
60	STARBUCKS CORP COM SBUX	SBUX	2,080	$190.0k0.02%	0.02%	Unchanged
61	JOHNSON CTLS INTL PLC SHS JCI	JCI	2,900	$189.0k0.02%	0.02%	Added +400	+400 16.0%
62	VERIZON COMMUNICATIONS INC COM VZ	VZ	4,363	$184.0k0.02%	0.02%	Unchanged
63	CVS HEALTH CORP COM CVS	CVS	2,306	$183.0k0.02%	0.02%	Added +800	+800 53.1%
64	CORNING INC COM GLW	GLW	5,522	$180.0k0.02%	0.02%	Unchanged
65	GSK PLC SPONSORED ADR GSK	GSK	3,940	$167.0k0.02%	0.02%	Unchanged
66	BANK NEW YORK MELLON CORP COM BNY	BNY	2,900	$165.0k0.02%	0.02%	Unchanged
67	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	575	$163.0k0.02%	0.02%	Added +175	+175 43.8%
68	COMCAST CORP NEW CL A CMCSA	CMCSA	3,700	$156.0k0.02%	0.02%	Unchanged
69	FIDELITY NATL INFORMATION SV COM FIS	FIS	2,100	$153.0k0.02%	0.02%	Added +200	+200 10.5%
70	EXXON MOBIL CORP COM XOM	XOM	1,282	$150.0k0.02%	0.02%	Added +7	+7 0.6%
71	GILEAD SCIENCES INC COM GILD	GILD	2,000	$146.0k0.02%	0.02%	Unchanged
72	FORD MTR CO COM F	F	10,643	$141.0k0.02%	0.02%	Added +348	+348 3.4%
73	HUBSPOT INC COM HUBS	HUBS	203	$129.0k0.02%	0.02%	Unchanged
74	HAWAIIAN ELEC INDUSTRIES COM HE	HE	11,339	$126.0k0.02%	0.02%	Unchanged
75	INTEL CORP COM INTC	INTC	2,834	$126.0k0.02%	0.02%	Unchanged
76	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,625	$125.0k0.02%	0.02%	Unchanged
77	GOLDMAN SACHS GROUP INC COM GS	GS	300	$124.0k0.02%	0.02%	Unchanged
78	NETFLIX INC COM NFLX	NFLX	200	$123.0k0.02%	0.02%	Unchanged
79	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$120.0k0.02%	0.02%	Unchanged
80	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	2,756	$116.0k0.02%	0.02%	Unchanged
81	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	1,850	$113.0k0.01%	0.01%	Added +50	+50 2.8%
82	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,951	$112.0k0.01%	0.01%	Unchanged
83	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	855	$111.0k0.01%	0.01%	Added +550	+550 180.3%
84	DISNEY WALT CO COM DIS	DIS	895	$109.0k0.01%	0.01%	Unchanged
85	CITIGROUP INC COM NEW C	C	1,700	$108.0k0.01%	0.01%	Unchanged
86	BOOKING HOLDINGS INC COM BKNG	BKNG	30	$107.0k0.01%	0.01%	Unchanged
87	REGENERON PHARMACEUTICALS COM REGN	REGN	110	$107.0k0.01%	0.01%	Unchanged
88	TESLA INC COM TSLA	TSLA	610	$107.0k0.01%	0.01%	Added +30	+30 5.2%
89	TRUIST FINL CORP COM TFC	TFC	2,800	$107.0k0.01%	0.01%	Unchanged
90	BLACKROCK DEBT STRATEGIES FD COM NEW DSU	DSU	9,518	$105.0k0.01%	0.01%	Unchanged
91	AFLAC INC COM AFL	AFL	1,210	$103.0k0.01%	0.01%	Unchanged
92	GENTEX CORP COM GNTX	GNTX	2,797	$101.0k0.01%	0.01%	Added +5	+5 0.2%
93	NORFOLK SOUTHN CORP COM NSC	NSC	400	$101.0k0.01%	0.01%	Unchanged
94	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	1,122	$100.0k0.01%	0.01%	Added +8	+8 0.7%
95	CISCO SYS INC COM CSCO	CSCO	1,949	$98.0k0.01%	0.01%	Added +2	+2 0.1%
96	META PLATFORMS INC CL A META	META	200	$98.0k0.01%	0.01%	Unchanged
97	UNITEDHEALTH GROUP INC COM UNH	UNH	200	$98.0k0.01%	0.01%	Added +25	+25 14.3%
98	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	1,921	$97.0k0.01%	0.01%	Unchanged
99	STATE STR CORP COM STT	STT	1,250	$97.0k0.01%	0.01%	Unchanged
100	HP INC COM HPQ	HPQ	3,157	$96.0k0.01%	0.01%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
VANGUARD WHITEHALL FDS VYMI	VYMI	3,041	$254.0k3.0k shares
SPLUNK INC SPLK	SPLK	556	$85.0k556 shares
SPDR SER TR QUS	QUS	635	$84.0k635 shares
VANGUARD INDEX FDS VV	VV	384	$84.0k384 shares
WISDOMTREE TR DON	DON	1,337	$61.0k1.3k shares
HELIOGEN INC HLGN	HLGN	9,914	$20.0k9.9k shares
SPDR INDEX SHS FDS QEFA	QEFA	229	$17.0k229 shares
UIPATH INC PATH	PATH	619	$15.0k619 shares
DISH NETWORK CORPORATION DISH	DISH	2,100	$12.0k2.1k shares
UPSTART HLDGS INC UPST	UPST	273	$11.0k273 shares
MANULIFE FINL CORP MFC	MFC	242	$5.0k242 shares
SKILLZ INC FIRY	FIRY	71	$071 shares
DBX ETF TR NAIL	NAIL	0	$00 shares
HOWARD HUGHES HOLDINGS INC HHH	HHH	0	$00 shares
BROOKFIELD CORP BN	BN	0	$00 shares