CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2026-05-07

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

$917.0m reported value -0.6% vs Q4 2025

166positions

96.5%in top 10

2 new 34 added 22 reduced 22 sold out vs Q4 2025

Holdings, Q1 2026

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	628,924	$413.9m45.13%	45.13%	Added +7.5k	+7,453 1.2%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	2,167,028	$199.2m21.72%	21.72%	Added +8.5k	+8,536 0.4%
3	ISHARES INC CORE MSCI EMKT IEMG	IEMG	1,232,387	$86.6m9.45%	9.45%	Reduced -4.7k	-4,725 -0.4%
4	ISHARES TR CORE S&P MCP ETF IJH	IJH	914,546	$62.3m6.79%	6.79%	Added +8.7k	+8,675 1.0%
5	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	487,806	$41.5m4.52%	4.52%	Added +2.9k	+2,857 0.6%
6	MCDONALDS CORP COM MCD	MCD	127,346	$39.1m4.27%	4.27%	Reduced -7.6k	-7,595 -5.6%
7	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	284,316	$21.6m2.36%	2.36%	Reduced -6.0k	-5,971 -2.1%
8	NVIDIA CORPORATION COM NVDA	NVDA	52,163	$9.2m1.00%	1.00%	Unchanged
9	MATSON INC COM MATX	MATX	37,436	$6.2m0.67%	0.67%	Unchanged
10	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	47,314	$5.2m0.57%	0.57%	Added +2.7k	+2,717 6.1%
11	APPLE INC COM AAPL	AAPL	15,337	$3.9m0.43%	0.43%	Reduced -199	-199 -1.3%
12	MICROSOFT CORP COM MSFT	MSFT	9,495	$3.5m0.38%	0.38%	Reduced -98	-98 -1.0%
13	ISHARES TR MSCI ACWI ETF ACWI	ACWI	25,083	$3.5m0.38%	0.38%	Added +1.6k	+1,580 6.7%
14	JPMORGAN CHASE & CO COM JPM	JPM	9,714	$2.9m0.31%	0.31%	Added +8	+8 0.1%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,964	$1.9m0.21%	0.21%	Added +1.1k	+1,100 38.4%
16	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,907	$1.2m0.14%	0.14%	Added +3	+3 0.2%
17	COSTCO WHSL CORP NEW COM COST	COST	1,047	$1.0m0.11%	0.11%	Added +25	+25 2.5%
18	JOHNSON & JOHNSON COM JNJ	JNJ	4,219	$1.0m0.11%	0.11%	Added +12	+12 0.3%
19	TOYOTA MOTOR CORP ADS TM	TM	4,523	$948.0k0.10%	0.10%	Unchanged
20	FIRST HAWAIIAN INC COM FHB	FHB	32,200	$804.0k0.09%	0.09%	Unchanged
21	BANK AMERICA CORP COM BAC	BAC	15,049	$741.0k0.08%	0.08%	Reduced -1.0k	-1,029 -6.4%
22	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	4,868	$582.0k0.06%	0.06%	Added +101	+101 2.1%
23	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,959	$476.0k0.05%	0.05%	Added +6	+6 0.3%
24	AMAZON COM INC COM AMZN	AMZN	1,799	$379.0k0.04%	0.04%	Unchanged
25	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	3,938	$366.0k0.04%	0.04%	Reduced -462	-462 -10.5%
26	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,177	$350.0k0.04%	0.04%	Reduced -6.2k	-6,160 -84.0%
27	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	8,204	$346.0k0.04%	0.04%	Reduced -1.2k	-1,189 -12.7%
28	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,963	$337.0k0.04%	0.04%	Added +6	+6 0.3%
29	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	2,737	$324.0k0.04%	0.04%	Added +804	+804 41.6%
30	GE AEROSPACE COM NEW GE	GE	1,037	$303.0k0.03%	0.03%	Unchanged
31	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,425	$300.0k0.03%	0.03%	Unchanged
32	LINDE PLC SHS LIN	LIN	606	$299.0k0.03%	0.03%	Unchanged
33	TEXAS INSTRS INC COM TXN	TXN	1,505	$295.0k0.03%	0.03%	Reduced -56	-56 -3.6%
34	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	850	$290.0k0.03%	0.03%	Unchanged
35	INTEL CORP COM INTC	INTC	6,002	$288.0k0.03%	0.03%	Unchanged
36	TESLA INC COM TSLA	TSLA	735	$280.0k0.03%	0.03%	Added +135	+135 22.5%
37	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$262.0k0.03%	0.03%	Unchanged
38	CHEVRON CORP NEW COM CVX	CVX	1,301	$257.0k0.03%	0.03%	Added +2	+2 0.1%
39	VERIZON COMMUNICATIONS INC COM VZ	VZ	5,155	$255.0k0.03%	0.03%	Reduced -75	-75 -1.4%
40	GE VERNOVA INC COM GEV	GEV	258	$231.0k0.03%	0.03%	Unchanged
41	EXXON MOBIL CORP COM XOM	XOM	1,338	$215.0k0.02%	0.02%	Added +6	+6 0.5%
42	NETFLIX INC COM NFLX	NFLX	2,000	$191.0k0.02%	0.02%	Unchanged
43	CITIGROUP INC COM NEW C	C	1,500	$173.0k0.02%	0.02%	Unchanged
44	MODINE MFG CO COM MOD	MOD	750	$167.0k0.02%	0.02%	Unchanged
45	META PLATFORMS INC CL A META	META	277	$160.0k0.02%	0.02%	Unchanged
46	PROCTER AND GAMBLE CO COM PG	PG	1,111	$160.0k0.02%	0.02%	Added +1	+1 0.1%
47	NIKE INC CL B NKE	NKE	3,378	$151.0k0.02%	0.02%	Added +7	+7 0.2%
48	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	2,756	$149.0k0.02%	0.02%	Unchanged
49	AT&T INC COM T	T	4,722	$134.0k0.01%	0.01%	Unchanged
50	AFLAC INC COM AFL	AFL	1,210	$133.0k0.01%	0.01%	Unchanged
51	FORD MTR CO COM F	F	11,356	$133.0k0.01%	0.01%	Added +66	+66 0.6%
52	WALMART INC COM WMT	WMT	1,050	$131.0k0.01%	0.01%	Unchanged
53	CENTRAL PAC FINL CORP COM NEW CPF	CPF	4,009	$129.0k0.01%	0.01%	Added +14	+14 0.3%
54	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	2,135	$127.0k0.01%	0.01%	Added +1.9k	+1,933 956.9%
55	BANK HAWAII CORP COM BOH	BOH	1,562	$117.0k0.01%	0.01%	Unchanged
56	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	201	$117.0k0.01%	0.01%	Unchanged
57	ISHARES TR U.S. TECH ETF IYW	IYW	540	$100.0k0.01%	0.01%	Unchanged
58	TRAVELERS COMPANIES INC COM TRV	TRV	344	$100.0k0.01%	0.01%	Unchanged
59	ISHARES TR GRWT ALLOCAT ETF AOR	AOR	1,517	$98.0k0.01%	0.01%	Added +100	+100 7.1%
60	BROADCOM INC COM AVGO	AVGO	300	$94.0k0.01%	0.01%	Unchanged
61	ALLSTATE CORP COM ALL	ALL	450	$92.0k0.01%	0.01%	Unchanged
62	MAGNA INTL INC COM MGA	MGA	1,502	$85.0k0.01%	0.01%	Added +6	+6 0.4%
63	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,040	$83.0k0.01%	0.01%	Unchanged
64	DELL TECHNOLOGIES INC CL C DELL	DELL	482	$82.0k0.01%	0.01%	Reduced -33	-33 -6.4%
65	BLACKROCK DEBT STRATEGIES FD COM NEW DSU	DSU	7,711	$75.0k0.01%	0.01%	Unchanged
66	ISHARES TR AGGRES ALLOC ETF AOA	AOA	770	$69.0k0.01%	0.01%	Added +7	+7 0.9%
67	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	1,282	$65.0k0.01%	0.01%	Unchanged
68	FREEPORT-MCMORAN INC CL B FCX	FCX	1,052	$64.0k0.01%	0.01%	Unchanged
69	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,103	$63.0k0.01%	0.01%	Unchanged
70	GENTEX CORP COM GNTX	GNTX	2,848	$62.0k0.01%	0.01%	Added +7	+7 0.2%
71	ISHARES TR MSCI EAFE MIN VL EFAV	EFAV	500	$46.0k0.01%	0.01%	Unchanged
72	AMGEN INC COM AMGN	AMGN	127	$45.0k0.00%	0.00%	Unchanged
73	CORTEVA INC COM CTVA	CTVA	532	$45.0k0.00%	0.00%	Added +2	+2 0.4%
74	PFIZER INC COM PFE	PFE	1,475	$42.0k0.00%	0.00%	Unchanged
75	VIA TRANSN INC COM CL A VIA	VIA	2,752	$42.0k0.00%	0.00%	New
76	CISCO SYS INC COM CSCO	CSCO	523	$41.0k0.00%	0.00%	Added +1	+1 0.2%
77	VISA INC COM CL A V	V	125	$37.0k0.00%	0.00%	Unchanged
78	APPLIED MATLS INC COM AMAT	AMAT	100	$35.0k0.00%	0.00%	Unchanged
79	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	121	$35.0k0.00%	0.00%	Unchanged
80	MICRON TECHNOLOGY INC COM MU	MU	90	$33.0k0.00%	0.00%	Unchanged
81	DISNEY WALT CO COM DIS	DIS	317	$31.0k0.00%	0.00%	Unchanged
82	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,056	$29.0k0.00%	0.00%	Unchanged
83	COCA COLA CO COM KO	KO	368	$28.0k0.00%	0.00%	Reduced -6	-6 -1.6%
84	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	116	$28.0k0.00%	0.00%	Added +5	+5 4.5%
85	ISHARES INC MSCI EMERG MRKT EEMV	EEMV	412	$27.0k0.00%	0.00%	Unchanged
86	ADOBE INC COM ADBE	ADBE	100	$24.0k0.00%	0.00%	Unchanged
87	ALPHABET INC CAP STK CL C GOOG	GOOG	80	$24.0k0.00%	0.00%	Reduced -20	-20 -20.0%
88	ROCKET LAB CORP COM RKLB	RKLB	331	$22.0k0.00%	0.00%	Unchanged
89	RTX CORPORATION COM RTX	RTX	105	$20.0k0.00%	0.00%	Unchanged
90	ISHARES TR MSCI EAFE ETF EFA	EFA	189	$19.0k0.00%	0.00%	Added +5	+5 2.7%
91	BIOGEN INC COM BIIB	BIIB	100	$18.0k0.00%	0.00%	Unchanged
92	BP PLC SPONSORED ADR BP	BP	370	$17.0k0.00%	0.00%	Unchanged
93	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	333	$17.0k0.00%	0.00%	Unchanged
94	QNITY ELECTRONICS INC COMMON STOCK Q	Q	144	$17.0k0.00%	0.00%	Unchanged
95	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	196	$14.0k0.00%	0.00%	Reduced -84	-84 -30.0%
96	DUPONT DE NEMOURS INC COM DWDP	DWDP	291	$13.0k0.00%	0.00%	Added +1	+1 0.3%
97	SPDR S&P MIDCAP 400 ETF TR UTSER1 S&PDCRP MDY	MDY	20	$12.0k0.00%	0.00%	Unchanged
98	FIDELITY COVINGTON TRUST MSCI INFO TECH I FTEC	FTEC	50	$11.0k0.00%	0.00%	Unchanged
99	FIDELITY COVINGTON TRUST ENHANCED MID FMDE	FMDE	316	$11.0k0.00%	0.00%	Unchanged
100	KIMBERLY-CLARK CORP COM KMB	KMB	108	$11.0k0.00%	0.00%	Added +1	+1 0.9%

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
ELI LILLY & CO LLY	LLY	602	$647.0k602 shares
ALEXANDER & BALDWIN INC NEW ALEX	ALEX	16,785	$346.0k16.8k shares
MORGAN STANLEY MS	MS	1,000	$178.0k1.0k shares
HUBSPOT INC HUBS	HUBS	203	$81.0k203 shares
VANGUARD BD INDEX FDS BND	BND	372	$28.0k372 shares
VANGUARD INDEX FDS VNQ	VNQ	300	$27.0k300 shares
BLACKSTONE SECD LENDING FD BXSL	BXSL	1,000	$26.0k1.0k shares
GLOBAL X FDS SDIV	SDIV	1,000	$24.0k1.0k shares
3M CO MMM	MMM	100	$16.0k100 shares
HOPE BANCORP INC HOPE	HOPE	1,000	$11.0k1.0k shares
VANGUARD INDEX FDS VTI	VTI	31	$10.0k31 shares
VANGUARD TAX-MANAGED FDS VEA	VEA	142	$9.0k142 shares
ZOOM COMMUNICATIONS INC ZM	ZM	100	$9.0k100 shares
AGILENT TECHNOLOGIES INC A	A	56	$8.0k56 shares
MERCK & CO INC MRK	MRK	56	$6.0k56 shares
KEYSIGHT TECHNOLOGIES INC KEYS	KEYS	28	$6.0k28 shares
SAREPTA THERAPEUTICS INC SRPT	SRPT	300	$6.0k300 shares
CAPITAL GRP FIXED INCM ETF T CGCP	CGCP	214	$5.0k214 shares
ANTERO RESOURCES CORP AR	AR	111	$4.0k111 shares
DAVITA INC DVA	DVA	25	$3.0k25 shares
ISHARES TR EMB	EMB	14	$1.0k14 shares
STAR BULK CARRIERS CORP. SBLK	SBLK	19	$019 shares