CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2025-01-22

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

$812.7m reported value -1.7% vs Q3 2024

250positions

93.1%in top 10

30 new 71 added 37 reduced 7 sold out vs Q3 2024

Holdings, Q4 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	673,780	$396.6m48.81%	48.81%	Reduced -11.4k	-11,380 -1.7%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	2,129,347	$149.7m18.41%	18.41%	Added +33.0k	+33,048 1.6%
3	ISHARES TR CORE S&P MCP ETF IJH	IJH	816,009	$50.8m6.26%	6.26%	Added +1.3k	+1,332 0.2%
4	MCDONALDS CORP COM MCD	MCD	135,540	$39.3m4.83%	4.83%	Reduced -225	-225 -0.2%
5	ISHARES INC CORE MSCI EMKT IEMG	IEMG	688,416	$35.9m4.42%	4.42%	Reduced -4.3k	-4,315 -0.6%
6	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	462,280	$35.7m4.39%	4.39%	Added +2.2k	+2,205 0.5%
7	ISHARES INC MSCI EMRG CHN EMXC	EMXC	427,259	$23.7m2.92%	2.92%	Added +4.8k	+4,800 1.1%
8	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	182,987	$10.5m1.29%	1.29%	Reduced -1.7k	-1,734 -0.9%
9	NVIDIA CORPORATION COM NVDA	NVDA	62,800	$8.4m1.04%	1.04%	Added +31	+31 0.1%
10	AMAZON COM INC COM AMZN	AMZN	25,958	$5.7m0.70%	0.70%	Added +21	+21 0.1%
11	MATSON INC COM MATX	MATX	36,251	$4.9m0.60%	0.60%	Added +340	+340 0.9%
12	MICROSOFT CORP COM MSFT	MSFT	10,516	$4.4m0.55%	0.55%	Added +95	+95 0.9%
13	APPLE INC COM AAPL	AAPL	17,641	$4.4m0.54%	0.54%	Added +2.0k	+1,963 12.5%
14	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	42,581	$4.4m0.54%	0.54%	Added +3.0k	+3,001 7.6%
15	JPMORGAN CHASE & CO COM JPM	JPM	10,087	$2.4m0.30%	0.30%	Added +34	+34 0.3%
16	ISHARES TR MSCI ACWI ETF ACWI	ACWI	19,692	$2.3m0.28%	0.28%	Added +746	+746 3.9%
17	COSTCO WHSL CORP NEW COM COST	COST	2,410	$2.2m0.27%	0.27%	Added +20	+20 0.8%
18	ALPHABET INC CAP STK CL A GOOGL	GOOGL	11,000	$2.1m0.26%	0.26%	Reduced -2.8k	-2,781 -20.2%
19	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	19,425	$1.8m0.22%	0.22%	Reduced -412	-412 -2.1%
20	ALPHABET INC CAP STK CL C GOOG	GOOG	7,830	$1.5m0.18%	0.18%	Reduced -3.0k	-2,970 -27.5%
21	ISHARES TR JPMORGAN USD EMG EMB	EMB	14,741	$1.3m0.16%	0.16%	Unchanged
22	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,666	$1.2m0.15%	0.15%	Added +581	+581 27.9%
23	ELI LILLY & CO COM LLY	LLY	1,302	$1.0m0.12%	0.12%	Unchanged
24	ABBVIE INC COM ABBV	ABBV	5,197	$924.0k0.11%	0.11%	Unchanged
25	TOYOTA MOTOR CORP ADS TM	TM	4,518	$879.0k0.11%	0.11%	Added +2	+2 0.0%
26	FIRST HAWAIIAN INC COM FHB	FHB	32,600	$846.0k0.10%	0.10%	Added +400	+400 1.2%
27	BANK AMERICA CORP COM BAC	BAC	18,890	$830.0k0.10%	0.10%	Reduced -480	-480 -2.5%
28	JOHNSON & JOHNSON COM JNJ	JNJ	4,141	$599.0k0.07%	0.07%	Reduced -592	-592 -12.5%
29	WALMART INC COM WMT	WMT	6,357	$574.0k0.07%	0.07%	Added +300	+300 5.0%
30	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	5,110	$558.0k0.07%	0.07%	Reduced -1.3k	-1,253 -19.7%
31	LINDE PLC SHS LIN	LIN	1,213	$508.0k0.06%	0.06%	Unchanged
32	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	771	$452.0k0.06%	0.06%	Added +137	+137 21.6%
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,932	$425.0k0.05%	0.05%	Reduced -644	-644 -25.0%
34	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,941	$412.0k0.05%	0.05%	Added +4	+4 0.2%
35	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	9,047	$385.0k0.05%	0.05%	Reduced -1.3k	-1,260 -12.2%
36	OCCIDENTAL PETE CORP COM OXY	OXY	7,173	$354.0k0.04%	0.04%	Added +10	+10 0.1%
37	FISERV INC COM FISV	FISV	1,700	$349.0k0.04%	0.04%	Unchanged
38	SCHWAB CHARLES CORP COM SCHW	SCHW	4,600	$340.0k0.04%	0.04%	Unchanged
39	ALEXANDER & BALDWIN INC NEW COM ALEX	ALEX	18,976	$337.0k0.04%	0.04%	Added +2.2k	+2,191 13.1%
40	GE AEROSPACE COM NEW GE	GE	1,910	$318.0k0.04%	0.04%	Added +408	+408 27.2%
41	RTX CORPORATION COM RTX	RTX	2,704	$313.0k0.04%	0.04%	Added +1	+1 0.0%
42	TEXAS INSTRS INC COM TXN	TXN	1,605	$301.0k0.04%	0.04%	Added +100	+100 6.6%
43	JOHNSON CTLS INTL PLC SHS JCI	JCI	3,600	$284.0k0.03%	0.03%	Unchanged
44	META PLATFORMS INC CL A META	META	477	$279.0k0.03%	0.03%	Added +277	+277 138.5%
45	WELLS FARGO CO NEW COM WFC	WFC	3,900	$274.0k0.03%	0.03%	Reduced -1.1k	-1,100 -22.0%
46	METLIFE INC COM MET	MET	3,154	$258.0k0.03%	0.03%	Unchanged
47	NIKE INC CL B NKE	NKE	3,360	$254.0k0.03%	0.03%	Unchanged
48	TESLA INC COM TSLA	TSLA	600	$242.0k0.03%	0.03%	Unchanged
49	SANOFI SPONSORED ADR SNY	SNY	4,450	$215.0k0.03%	0.03%	Unchanged
50	VERIZON COMMUNICATIONS INC COM VZ	VZ	5,205	$208.0k0.03%	0.03%	Added +50	+50 1.0%
51	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	590	$202.0k0.02%	0.02%	Added +15	+15 2.6%
52	FEDEX CORP COM FDX	FDX	700	$197.0k0.02%	0.02%	Unchanged
53	BANK NEW YORK MELLON CORP COM BNY	BNY	2,500	$192.0k0.02%	0.02%	Reduced -300	-300 -10.7%
54	STARBUCKS CORP COM SBUX	SBUX	2,080	$190.0k0.02%	0.02%	Unchanged
55	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$189.0k0.02%	0.02%	Unchanged
56	CHEVRON CORP NEW COM CVX	CVX	1,288	$187.0k0.02%	0.02%	Added +3	+3 0.2%
57	PROCTER AND GAMBLE CO COM PG	PG	1,108	$186.0k0.02%	0.02%	Reduced -2.7k	-2,742 -71.2%
58	BANK HAWAII CORP COM BOH	BOH	2,507	$179.0k0.02%	0.02%	Reduced -1.7k	-1,668 -40.0%
59	NETFLIX INC COM NFLX	NFLX	200	$178.0k0.02%	0.02%	Unchanged
60	GILEAD SCIENCES INC COM GILD	GILD	1,900	$176.0k0.02%	0.02%	Unchanged
61	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	1,637	$174.0k0.02%	0.02%	Unchanged
62	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,425	$172.0k0.02%	0.02%	Reduced -650	-650 -31.3%
63	CAPITAL ONE FINL CORP COM COF	COF	950	$169.0k0.02%	0.02%	Reduced -425	-425 -30.9%
64	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$168.0k0.02%	0.02%	Unchanged
65	NORFOLK SOUTHN CORP COM NSC	NSC	700	$164.0k0.02%	0.02%	Unchanged
66	CVS HEALTH CORP COM CVS	CVS	3,600	$162.0k0.02%	0.02%	Added +300	+300 9.1%
67	BOOKING HOLDINGS INC COM BKNG	BKNG	30	$149.0k0.02%	0.02%	Unchanged
68	FIDELITY NATL INFORMATION SV COM FIS	FIS	1,800	$145.0k0.02%	0.02%	Reduced -300	-300 -14.3%
69	HUBSPOT INC COM HUBS	HUBS	203	$141.0k0.02%	0.02%	Unchanged
70	EXXON MOBIL CORP COM XOM	XOM	1,302	$140.0k0.02%	0.02%	Added +7	+7 0.5%
71	COMCAST CORP NEW CL A CMCSA	CMCSA	3,700	$139.0k0.02%	0.02%	Added +200	+200 5.7%
72	ONEMEDNET CORP CL A CL A		100,938	$137.0k0.02%	0.02%	Unchanged
73	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,952	$133.0k0.02%	0.02%	Unchanged
74	GSK PLC SPONSORED ADR GSK	GSK	3,940	$133.0k0.02%	0.02%	Unchanged
75	HUMANA INC COM HUM	HUM	525	$133.0k0.02%	0.02%	Added +250	+250 90.9%
76	GOLDMAN SACHS GROUP INC COM GS	GS	225	$129.0k0.02%	0.02%	Reduced -75	-75 -25.0%
77	AFLAC INC COM AFL	AFL	1,210	$125.0k0.02%	0.02%	Unchanged
78	THE CIGNA GROUP COM CI	CI	450	$124.0k0.02%	0.02%	Unchanged
79	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	2,770	$122.0k0.02%	0.02%	Added +14	+14 0.5%
80	T-MOBILE US INC COM TMUS	TMUS	550	$121.0k0.01%	0.01%	Unchanged
81	INTEL CORP COM INTC	INTC	6,002	$120.0k0.01%	0.01%	Reduced -83	-83 -1.4%
82	AT&T INC COM T	T	5,210	$119.0k0.01%	0.01%	Added +182	+182 3.6%
83	ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR BUD	BUD	2,325	$116.0k0.01%	0.01%	Added +525	+525 29.2%
84	WILLIAMS COS INC COM WMB	WMB	2,100	$114.0k0.01%	0.01%	Unchanged
85	HAWAIIAN ELEC INDUSTRIES COM HE	HE	11,579	$113.0k0.01%	0.01%	Added +240	+240 2.1%
86	AVANTOR INC COM AVTR	AVTR	5,200	$110.0k0.01%	0.01%	Added +2.8k	+2,800 116.7%
87	CISCO SYS INC COM CSCO	CSCO	1,855	$110.0k0.01%	0.01%	Added +2	+2 0.1%
88	FORD MTR CO COM F	F	10,869	$108.0k0.01%	0.01%	Added +78	+78 0.7%
89	BAKER HUGHES COMPANY CL A BKR	BKR	2,600	$107.0k0.01%	0.01%	Unchanged
90	CITIGROUP INC COM NEW C	C	1,500	$106.0k0.01%	0.01%	Reduced -200	-200 -11.8%
91	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	206	$105.0k0.01%	0.01%	Added +141	+141 216.9%
92	UNITEDHEALTH GROUP INC COM UNH	UNH	200	$101.0k0.01%	0.01%	Unchanged
93	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	955	$101.0k0.01%	0.01%	Added +100	+100 11.7%
94	HP INC COM HPQ	HPQ	3,020	$99.0k0.01%	0.01%	Added +63	+63 2.1%
95	HALEON PLC SPON ADS HLN	HLN	10,000	$95.0k0.01%	0.01%	Unchanged
96	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	1,100	$93.0k0.01%	0.01%	Unchanged
97	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	1,158	$91.0k0.01%	0.01%	Added +136	+136 13.3%
98	GE VERNOVA INC COM GEV	GEV	276	$91.0k0.01%	0.01%	Added +102	+102 58.6%
99	ALLSTATE CORP COM ALL	ALL	450	$87.0k0.01%	0.01%	Unchanged
100	MODINE MFG CO COM MOD	MOD	750	$87.0k0.01%	0.01%	Unchanged

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
CORNING INC GLW	GLW	5,522	$246.0k5.5k shares
TRUIST FINL CORP TFC	TFC	2,600	$108.0k2.6k shares
JUNIPER NETWORKS INC JNPR	JNPR	2,100	$82.0k2.1k shares
ISHARES TR IWD	IWD	162	$31.0k162 shares
TYLER TECHNOLOGIES INC TYL	TYL	28	$16.0k28 shares
REALTY INCOME CORP O	O	75	$5.0k75 shares
CARMAX INC KMX	KMX	6	$06 shares