CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2024-11-13

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

$826.5m reported value +5.5% vs Q2 2024

227positions

93.2%in top 10

8 new 48 added 36 reduced 7 sold out vs Q2 2024

Holdings, Q3 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	685,160	$391.5m47.37%	47.37%	Added +753	+753 0.1%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	2,096,299	$162.3m19.64%	19.64%	Added +16.8k	+16,791 0.8%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	814,677	$50.4m6.09%	6.09%	Added +5.4k	+5,365 0.7%
4	MCDONALDS CORP COM MCD	MCD	135,765	$41.1m4.98%	4.98%	Reduced -6.8k	-6,750 -4.7%
5	ISHARES INC CORE MSCI EMKT IEMG	IEMG	692,731	$40.0m4.84%	4.84%	Added +4.2k	+4,156 0.6%
6	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	460,075	$35.5m4.29%	4.29%	Added +2.3k	+2,293 0.5%
7	ISHARES INC MSCI EMRG CHN EMXC	EMXC	422,459	$25.6m3.10%	3.10%	Added +1.3k	+1,256 0.3%
8	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	184,721	$11.6m1.40%	1.40%	Added +272	+272 0.1%
9	NVIDIA CORPORATION COM NVDA	NVDA	62,769	$7.3m0.89%	0.89%	Reduced -6.8k	-6,842 -9.8%
10	MATSON INC COM MATX	MATX	35,911	$5.1m0.61%	0.61%	Unchanged
11	AMAZON COM INC COM AMZN	AMZN	25,937	$4.8m0.58%	0.58%	Reduced -4.2k	-4,216 -14.0%
12	MICROSOFT CORP COM MSFT	MSFT	10,421	$4.4m0.53%	0.53%	Reduced -23	-23 -0.2%
13	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	39,580	$3.8m0.46%	0.46%	Added +1.1k	+1,136 3.0%
14	APPLE INC COM AAPL	AAPL	15,678	$3.5m0.43%	0.43%	Added +3	+3 0.0%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	13,781	$2.3m0.28%	0.28%	Added +1	+1 0.0%
16	ISHARES TR MSCI ACWI ETF ACWI	ACWI	18,946	$2.3m0.27%	0.27%	Added +180	+180 1.0%
17	COSTCO WHSL CORP NEW COM COST	COST	2,390	$2.1m0.25%	0.25%	Unchanged
18	JPMORGAN CHASE & CO COM JPM	JPM	10,053	$2.1m0.25%	0.25%	Reduced -733	-733 -6.8%
19	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	19,837	$1.9m0.23%	0.23%	Added +541	+541 2.8%
20	ALPHABET INC CAP STK CL C GOOG	GOOG	10,800	$1.8m0.22%	0.22%	Reduced -400	-400 -3.6%
21	ISHARES TR JPMORGAN USD EMG EMB	EMB	14,741	$1.4m0.17%	0.17%	Added +527	+527 3.7%
22	ELI LILLY & CO COM LLY	LLY	1,302	$1.2m0.14%	0.14%	Unchanged
23	ABBVIE INC COM ABBV	ABBV	5,197	$1.0m0.12%	0.12%	Unchanged
24	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,085	$954.0k0.12%	0.12%	Added +1.0k	+1,028 97.3%
25	TOYOTA MOTOR CORP ADS TM	TM	4,516	$804.0k0.10%	0.10%	Unchanged
26	JOHNSON & JOHNSON COM JNJ	JNJ	4,733	$767.0k0.09%	0.09%	Added +21	+21 0.5%
27	BANK AMERICA CORP COM BAC	BAC	19,370	$760.0k0.09%	0.09%	Reduced -200	-200 -1.0%
28	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	6,363	$730.0k0.09%	0.09%	Reduced -39	-39 -0.6%
29	FIRST HAWAIIAN INC COM FHB	FHB	32,200	$726.0k0.09%	0.09%	Unchanged
30	PROCTER AND GAMBLE CO COM PG	PG	3,850	$666.0k0.08%	0.08%	Added +1	+1 0.0%
31	LINDE PLC SHS LIN	LIN	1,213	$576.0k0.07%	0.07%	New
32	UNITED PARCEL SERVICE INC CL B UPS	UPS	4,306	$574.0k0.07%	0.07%	Added +5	+5 0.1%
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,576	$565.0k0.07%	0.07%	Added +12	+12 0.5%
34	WALMART INC COM WMT	WMT	6,057	$492.0k0.06%	0.06%	Unchanged
35	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	10,307	$445.0k0.05%	0.05%	Added +94	+94 0.9%
36	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,937	$432.0k0.05%	0.05%	Added +3	+3 0.2%
37	OCCIDENTAL PETE CORP COM OXY	OXY	7,163	$381.0k0.05%	0.05%	Added +1.6k	+1,600 28.8%
38	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	634	$361.0k0.04%	0.04%	Added +3	+3 0.5%
39	RTX CORPORATION COM RTX	RTX	2,703	$336.0k0.04%	0.04%	Added +150	+150 5.9%
40	ADVANCED MICRO DEVICES INC COM AMD	AMD	2,075	$331.0k0.04%	0.04%	Unchanged
41	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	16,785	$320.0k0.04%	0.04%	Added +924	+924 5.8%
42	FISERV INC COM FISV	FISV	1,700	$308.0k0.04%	0.04%	Reduced -200	-200 -10.5%
43	TEXAS INSTRS INC COM TXN	TXN	1,505	$303.0k0.04%	0.04%	Unchanged
44	NIKE INC CL B NKE	NKE	3,360	$299.0k0.04%	0.04%	Added +2	+2 0.1%
45	SCHWAB CHARLES CORP COM SCHW	SCHW	4,600	$294.0k0.04%	0.04%	Unchanged
46	GE AEROSPACE COM NEW GE	GE	1,502	$280.0k0.03%	0.03%	Reduced -50	-50 -3.2%
47	WELLS FARGO CO NEW COM WFC	WFC	5,000	$277.0k0.03%	0.03%	Reduced -200	-200 -3.9%
48	JOHNSON CTLS INTL PLC SHS JCI	JCI	3,600	$277.0k0.03%	0.03%	Added +100	+100 2.9%
49	METLIFE INC COM MET	MET	3,154	$258.0k0.03%	0.03%	Unchanged
50	BANK HAWAII CORP COM BOH	BOH	4,175	$256.0k0.03%	0.03%	Reduced -471	-471 -10.1%
51	SANOFI SPONSORED ADR SNY	SNY	4,450	$255.0k0.03%	0.03%	Reduced -500	-500 -10.1%
52	CORNING INC COM GLW	GLW	5,522	$246.0k0.03%	0.03%	Unchanged
53	VERIZON COMMUNICATIONS INC COM VZ	VZ	5,155	$233.0k0.03%	0.03%	Unchanged
54	CVS HEALTH CORP COM CVS	CVS	3,300	$203.0k0.02%	0.02%	Reduced -106	-106 -3.1%
55	STARBUCKS CORP COM SBUX	SBUX	2,080	$203.0k0.02%	0.02%	Unchanged
56	CAPITAL ONE FINL CORP COM COF	COF	1,375	$202.0k0.02%	0.02%	Unchanged
57	BANK NEW YORK MELLON CORP COM BNY	BNY	2,800	$199.0k0.02%	0.02%	Reduced -100	-100 -3.5%
58	CHEVRON CORP NEW COM CVX	CVX	1,285	$192.0k0.02%	0.02%	Added +2	+2 0.2%
59	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	575	$189.0k0.02%	0.02%	Unchanged
60	FEDEX CORP COM FDX	FDX	700	$189.0k0.02%	0.02%	Reduced -100	-100 -12.5%
61	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$186.0k0.02%	0.02%	Unchanged
62	FIDELITY NATL INFORMATION SV COM FIS	FIS	2,100	$176.0k0.02%	0.02%	Unchanged
63	NORFOLK SOUTHN CORP COM NSC	NSC	700	$174.0k0.02%	0.02%	Added +50	+50 7.7%
64	GILEAD SCIENCES INC COM GILD	GILD	1,900	$159.0k0.02%	0.02%	Reduced -100	-100 -5.0%
65	GSK PLC SPONSORED ADR GSK	GSK	3,940	$159.0k0.02%	0.02%	Unchanged
66	THE CIGNA GROUP COM CI	CI	450	$157.0k0.02%	0.02%	Reduced -25	-25 -5.3%
67	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,952	$155.0k0.02%	0.02%	Unchanged
68	EXXON MOBIL CORP COM XOM	XOM	1,295	$155.0k0.02%	0.02%	Added +7	+7 0.5%
69	TESLA INC COM TSLA	TSLA	600	$155.0k0.02%	0.02%	Unchanged
70	GOLDMAN SACHS GROUP INC COM GS	GS	300	$147.0k0.02%	0.02%	Unchanged
71	COMCAST CORP NEW CL A CMCSA	CMCSA	3,500	$146.0k0.02%	0.02%	Reduced -200	-200 -5.4%
72	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$146.0k0.02%	0.02%	Unchanged
73	NETFLIX INC COM NFLX	NFLX	200	$141.0k0.02%	0.02%	Unchanged
74	INTEL CORP COM INTC	INTC	6,085	$138.0k0.02%	0.02%	Unchanged
75	AFLAC INC COM AFL	AFL	1,210	$137.0k0.02%	0.02%	Unchanged
76	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	2,756	$133.0k0.02%	0.02%	Unchanged
77	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	1,637	$128.0k0.02%	0.02%	Unchanged
78	BOOKING HOLDINGS INC COM BKNG	BKNG	30	$123.0k0.01%	0.01%	Unchanged
79	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	1,800	$120.0k0.01%	0.01%	Reduced -50	-50 -2.7%
80	UNITEDHEALTH GROUP INC COM UNH	UNH	200	$117.0k0.01%	0.01%	Unchanged
81	FORD MTR CO COM F	F	10,791	$116.0k0.01%	0.01%	Added +77	+77 0.7%
82	META PLATFORMS INC CL A META	META	200	$115.0k0.01%	0.01%	Unchanged
83	REGENERON PHARMACEUTICALS COM REGN	REGN	110	$115.0k0.01%	0.01%	Unchanged
84	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	1,100	$113.0k0.01%	0.01%	Unchanged
85	T-MOBILE US INC COM TMUS	TMUS	550	$113.0k0.01%	0.01%	Unchanged
86	AT&T INC COM T	T	5,028	$111.0k0.01%	0.01%	Unchanged
87	TRUIST FINL CORP COM TFC	TFC	2,600	$108.0k0.01%	0.01%	Reduced -200	-200 -7.1%
88	HALEON PLC SPON ADS HLN	HLN	10,000	$107.0k0.01%	0.01%	Unchanged
89	HUBSPOT INC COM HUBS	HUBS	203	$107.0k0.01%	0.01%	Unchanged
90	CITIGROUP INC COM NEW C	C	1,700	$105.0k0.01%	0.01%	Unchanged
91	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,309	$105.0k0.01%	0.01%	Unchanged
92	HP INC COM HPQ	HPQ	2,957	$103.0k0.01%	0.01%	Reduced -200	-200 -6.3%
93	HAWAIIAN ELEC INDUSTRIES COM HE	HE	11,339	$103.0k0.01%	0.01%	Unchanged
94	CISCO SYS INC COM CSCO	CSCO	1,853	$98.0k0.01%	0.01%	Reduced -98	-98 -5.0%
95	WILLIAMS COS INC COM WMB	WMB	2,100	$97.0k0.01%	0.01%	Reduced -300	-300 -12.5%
96	BAKER HUGHES COMPANY CL A BKR	BKR	2,600	$96.0k0.01%	0.01%	Reduced -100	-100 -3.7%
97	MODINE MFG CO COM MOD	MOD	750	$96.0k0.01%	0.01%	Unchanged
98	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	1,022	$94.0k0.01%	0.01%	Reduced -100	-100 -8.9%
99	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	855	$92.0k0.01%	0.01%	Unchanged
100	TE CONNECTIVITY PLC ORD SHS TEL	TEL	600	$88.0k0.01%	0.01%	New

Sold out since Q2 2024

Security	Ticker	Shares held before	Value then
SELECT SECTOR SPDR TR XLU	XLU	5,583	$378.0k5.6k shares
LAKELAND FINL CORP LKFN	LKFN	3,163	$192.0k3.2k shares
TE CONNECTIVITY LTD TEL1USD	TEL1USD	600	$89.0k600 shares
PROGYNY INC PGNY	PGNY	597	$17.0k597 shares
PULMONX CORP LUNG	LUNG	525	$3.0k525 shares
YUM CHINA HLDGS INC YUMC	YUMC	100	$3.0k100 shares
TERRITORIAL BANCORP INC TBNK	TBNK	200	$2.0k200 shares