CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2024-08-14

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

$783.7m reported value +2.0% vs Q1 2024

226positions

93.0%in top 10

5 new 39 added 27 reduced 6 sold out vs Q1 2024

Holdings, Q2 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	684,407	$375.3m47.89%	47.89%	Added +3.7k	+3,691 0.5%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	2,079,508	$151.3m19.30%	19.30%	Added +23.0k	+23,043 1.1%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	809,312	$46.9m5.99%	5.99%	Added +2.2k	+2,175 0.3%
4	ISHARES INC CORE MSCI EMKT IEMG	IEMG	688,575	$36.9m4.71%	4.71%	Reduced -8.4k	-8,394 -1.2%
5	MCDONALDS CORP COM MCD	MCD	142,515	$35.6m4.55%	4.55%	Unchanged
6	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	457,782	$32.4m4.13%	4.13%	Added +95	+95 0.0%
7	ISHARES INC MSCI EMRG CHN EMXC	EMXC	421,203	$24.9m3.18%	3.18%	Added +63.4k	+63,439 17.7%
8	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	184,449	$10.8m1.38%	1.38%	Reduced -50.3k	-50,286 -21.4%
9	NVIDIA CORPORATION COM NVDA	NVDA	69,611	$8.7m1.10%	1.10%	Reduced -4.6k	-4,559 -6.2%
10	AMAZON COM INC COM AMZN	AMZN	30,153	$5.9m0.76%	0.76%	Unchanged
11	MICROSOFT CORP COM MSFT	MSFT	10,444	$4.8m0.61%	0.61%	Added +2	+2 0.0%
12	MATSON INC COM MATX	MATX	35,911	$4.6m0.59%	0.59%	Unchanged
13	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	38,444	$3.6m0.46%	0.46%	New
14	APPLE INC COM AAPL	AAPL	15,675	$3.4m0.43%	0.43%	Reduced -22	-22 -0.1%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	13,780	$2.5m0.32%	0.32%	Reduced -50	-50 -0.4%
16	JPMORGAN CHASE & CO COM JPM	JPM	10,786	$2.2m0.28%	0.28%	Reduced -201	-201 -1.8%
17	ISHARES TR MSCI ACWI ETF ACWI	ACWI	18,766	$2.1m0.27%	0.27%	Reduced -349	-349 -1.8%
18	ALPHABET INC CAP STK CL C GOOG	GOOG	11,200	$2.1m0.26%	0.26%	Unchanged
19	COSTCO WHSL CORP NEW COM COST	COST	2,390	$2.0m0.26%	0.26%	Reduced -175	-175 -6.8%
20	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	19,296	$1.8m0.23%	0.23%	Added +259	+259 1.4%
21	ISHARES TR JPMORGAN USD EMG EMB	EMB	14,214	$1.2m0.16%	0.16%	Reduced -2.2k	-2,235 -13.6%
22	ELI LILLY & CO COM LLY	LLY	1,302	$1.2m0.15%	0.15%	Unchanged
23	TOYOTA MOTOR CORP ADS TM	TM	4,516	$920.0k0.12%	0.12%	Added +1	+1 0.0%
24	ABBVIE INC COM ABBV	ABBV	5,197	$885.0k0.11%	0.11%	Unchanged
25	BANK AMERICA CORP COM BAC	BAC	19,570	$783.0k0.10%	0.10%	Reduced -499	-499 -2.5%
26	JOHNSON & JOHNSON COM JNJ	JNJ	4,712	$690.0k0.09%	0.09%	Added +23	+23 0.5%
27	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	6,402	$669.0k0.09%	0.09%	Reduced -204	-204 -3.1%
28	FIRST HAWAIIAN INC COM FHB	FHB	32,200	$666.0k0.08%	0.08%	Unchanged
29	PROCTER AND GAMBLE CO COM PG	PG	3,849	$626.0k0.08%	0.08%	Unchanged
30	UNITED PARCEL SERVICE INC CL B UPS	UPS	4,301	$585.0k0.07%	0.07%	Unchanged
31	ONEMEDNET CORP CL A CL A		577,647	$539.0k0.07%	0.07%	New
32	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,564	$449.0k0.06%	0.06%	Added +15	+15 0.6%
33	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,057	$428.0k0.05%	0.05%	Added +2	+2 0.2%
34	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	10,213	$428.0k0.05%	0.05%	Added +1.1k	+1,105 12.1%
35	WALMART INC COM WMT	WMT	6,057	$409.0k0.05%	0.05%	Unchanged
36	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,934	$407.0k0.05%	0.05%	Added +4	+4 0.2%
37	SELECT SECTOR SPDR TR SBI INT-UTILS XLU	XLU	5,583	$378.0k0.05%	0.05%	Unchanged
38	OCCIDENTAL PETE CORP COM OXY	OXY	5,563	$350.0k0.04%	0.04%	Unchanged
39	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	631	$344.0k0.04%	0.04%	Added +2	+2 0.3%
40	SCHWAB CHARLES CORP COM SCHW	SCHW	4,600	$338.0k0.04%	0.04%	Unchanged
41	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,075	$327.0k0.04%	0.04%	Added +625	+625 43.1%
42	WELLS FARGO CO NEW COM WFC	WFC	5,200	$315.0k0.04%	0.04%	Reduced -1.2k	-1,200 -18.8%
43	TEXAS INSTRS INC COM TXN	TXN	1,505	$293.0k0.04%	0.04%	Unchanged
44	FISERV INC COM FISV	FISV	1,900	$280.0k0.04%	0.04%	Unchanged
45	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	15,861	$267.0k0.03%	0.03%	Unchanged
46	BANK HAWAII CORP COM BOH	BOH	4,646	$267.0k0.03%	0.03%	Added +6	+6 0.1%
47	NIKE INC CL B NKE	NKE	3,358	$258.0k0.03%	0.03%	Added +2	+2 0.1%
48	RTX CORPORATION COM RTX	RTX	2,553	$254.0k0.03%	0.03%	Unchanged
49	GE AEROSPACE COM NEW GE	GE	1,552	$247.0k0.03%	0.03%	Reduced -150	-150 -8.8%
50	SANOFI SPONSORED ADR SNY	SNY	4,950	$245.0k0.03%	0.03%	Unchanged
51	FEDEX CORP COM FDX	FDX	800	$239.0k0.03%	0.03%	Unchanged
52	JOHNSON CTLS INTL PLC SHS JCI	JCI	3,500	$229.0k0.03%	0.03%	Added +600	+600 20.7%
53	METLIFE INC COM MET	MET	3,154	$220.0k0.03%	0.03%	Unchanged
54	VERIZON COMMUNICATIONS INC COM VZ	VZ	5,155	$215.0k0.03%	0.03%	Added +792	+792 18.1%
55	CORNING INC COM GLW	GLW	5,522	$213.0k0.03%	0.03%	Unchanged
56	CHEVRON CORP NEW COM CVX	CVX	1,283	$201.0k0.03%	0.03%	Added +3	+3 0.2%
57	CVS HEALTH CORP COM CVS	CVS	3,406	$198.0k0.03%	0.03%	Added +1.1k	+1,100 47.7%
58	CAPITAL ONE FINL CORP COM COF	COF	1,375	$192.0k0.02%	0.02%	Unchanged
59	LAKELAND FINL CORP COM LKFN	LKFN	3,163	$192.0k0.02%	0.02%	Added +16	+16 0.5%
60	INTEL CORP COM INTC	INTC	6,085	$188.0k0.02%	0.02%	Added +3.3k	+3,251 114.7%
61	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$180.0k0.02%	0.02%	Unchanged
62	BANK NEW YORK MELLON CORP COM BNY	BNY	2,900	$174.0k0.02%	0.02%	Unchanged
63	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	575	$170.0k0.02%	0.02%	Unchanged
64	STARBUCKS CORP COM SBUX	SBUX	2,080	$160.0k0.02%	0.02%	Unchanged
65	FIDELITY NATL INFORMATION SV COM FIS	FIS	2,100	$156.0k0.02%	0.02%	Unchanged
66	THE CIGNA GROUP COM CI	CI	475	$155.0k0.02%	0.02%	Reduced -250	-250 -34.5%
67	GSK PLC SPONSORED ADR GSK	GSK	3,940	$151.0k0.02%	0.02%	Unchanged
68	EXXON MOBIL CORP COM XOM	XOM	1,288	$148.0k0.02%	0.02%	Added +6	+6 0.5%
69	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$146.0k0.02%	0.02%	Unchanged
70	COMCAST CORP NEW CL A CMCSA	CMCSA	3,700	$141.0k0.02%	0.02%	Unchanged
71	GOLDMAN SACHS GROUP INC COM GS	GS	300	$139.0k0.02%	0.02%	Unchanged
72	NORFOLK SOUTHN CORP COM NSC	NSC	650	$139.0k0.02%	0.02%	Added +250	+250 62.5%
73	FORD MTR CO COM F	F	10,714	$137.0k0.02%	0.02%	Added +71	+71 0.7%
74	GILEAD SCIENCES INC COM GILD	GILD	2,000	$137.0k0.02%	0.02%	Unchanged
75	NETFLIX INC COM NFLX	NFLX	200	$135.0k0.02%	0.02%	Unchanged
76	TESLA INC COM TSLA	TSLA	600	$126.0k0.02%	0.02%	Reduced -10	-10 -1.6%
77	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,952	$121.0k0.02%	0.02%	Added +1	+1 0.1%
78	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	2,756	$121.0k0.02%	0.02%	Unchanged
79	HUBSPOT INC COM HUBS	HUBS	203	$120.0k0.02%	0.02%	Unchanged
80	BOOKING HOLDINGS INC COM BKNG	BKNG	30	$117.0k0.01%	0.01%	Unchanged
81	REGENERON PHARMACEUTICALS COM REGN	REGN	110	$116.0k0.01%	0.01%	Unchanged
82	HP INC COM HPQ	HPQ	3,157	$110.0k0.01%	0.01%	Unchanged
83	TRUIST FINL CORP COM TFC	TFC	2,800	$110.0k0.01%	0.01%	Unchanged
84	AFLAC INC COM AFL	AFL	1,210	$108.0k0.01%	0.01%	Unchanged
85	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	1,850	$108.0k0.01%	0.01%	Unchanged
86	CITIGROUP INC COM NEW C	C	1,700	$108.0k0.01%	0.01%	Unchanged
87	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	1,637	$106.0k0.01%	0.01%	Added +417	+417 34.2%
88	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	1,100	$102.0k0.01%	0.01%	Unchanged
89	WILLIAMS COS INC COM WMB	WMB	2,400	$102.0k0.01%	0.01%	Unchanged
90	META PLATFORMS INC CL A META	META	200	$101.0k0.01%	0.01%	Unchanged
91	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,309	$100.0k0.01%	0.01%	Reduced -316	-316 -19.4%
92	UNITEDHEALTH GROUP INC COM UNH	UNH	200	$99.0k0.01%	0.01%	Unchanged
93	T-MOBILE US INC COM TMUS	TMUS	550	$98.0k0.01%	0.01%	Unchanged
94	AT&T INC COM T	T	5,028	$95.0k0.01%	0.01%	Unchanged
95	BAKER HUGHES COMPANY CL A BKR	BKR	2,700	$94.0k0.01%	0.01%	Unchanged
96	GENTEX CORP COM GNTX	GNTX	2,802	$94.0k0.01%	0.01%	Added +5	+5 0.2%
97	CISCO SYS INC COM CSCO	CSCO	1,951	$93.0k0.01%	0.01%	Added +2	+2 0.1%
98	HAWAIIAN ELEC INDUSTRIES COM HE	HE	11,339	$93.0k0.01%	0.01%	Unchanged
99	HUMANA INC COM HUM	HUM	250	$93.0k0.01%	0.01%	New
100	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	855	$91.0k0.01%	0.01%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
VANGUARD INDEX FDS VO	VO	9,510	$2.4m9.5k shares
KRANESHARES TRUST KEMX	KEMX	78,290	$2.3m78.3k shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	500	$45.0k500 shares
TWILIO INC TWLO	TWLO	100	$6.0k100 shares
COUPANG INC CPNG	CPNG	200	$4.0k200 shares
VANGUARD INDEX FDS VOO	VOO	7	$3.0k7 shares