CKW FINANCIAL GROUP

HONOLULU, HI · CIK 1600403 · 13F filing filed 2026-07-27

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

$1.0bn reported value +11.0% vs Q1 2026

317positions

96.2%in top 10

156 new 74 added 9 reduced 5 sold out vs Q1 2026

Holdings, Q2 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	629,862	$471.8m46.36%	46.36%	Added +938	+938 0.1%
2	ISHARES TR CORE MSCI EAFE IEFA	IEFA	2,188,095	$210.2m20.66%	20.66%	Added +21.1k	+21,067 1.0%
3	ISHARES INC CORE MSCI EMKT IEMG	IEMG	1,228,524	$99.1m9.73%	9.73%	Reduced -3.9k	-3,863 -0.3%
4	ISHARES TR CORE S&P MCP ETF IJH	IJH	907,553	$69.4m6.82%	6.82%	Reduced -7.0k	-6,993 -0.8%
5	GOLDMAN SACHS ETF TR EQUAL WEIGHT US GSEW	GSEW	496,522	$47.0m4.62%	4.62%	Added +8.7k	+8,716 1.8%
6	MCDONALDS CORP COM MCD	MCD	127,550	$34.4m3.38%	3.38%	Added +204	+204 0.2%
7	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	285,301	$23.6m2.32%	2.32%	Added +985	+985 0.3%
8	NVIDIA CORPORATION COM NVDA	NVDA	46,557	$9.2m0.90%	0.90%	Reduced -5.6k	-5,606 -10.8%
9	MATSON INC COM MATX	MATX	40,148	$8.2m0.80%	0.80%	Added +2.7k	+2,712 7.2%
10	VANGUARD SCOTTSDALE FDS VNG RUS1000GRW VONG	VONG	47,922	$6.1m0.60%	0.60%	Added +608	+608 1.3%
11	APPLE INC COM AAPL	AAPL	19,915	$5.9m0.58%	0.58%	Added +4.6k	+4,578 29.9%
12	ISHARES TR MSCI ACWI ETF ACWI	ACWI	25,302	$4.0m0.39%	0.39%	Added +219	+219 0.9%
13	MICROSOFT CORP COM MSFT	MSFT	9,636	$3.7m0.36%	0.36%	Added +141	+141 1.5%
14	JPMORGAN CHASE & CO COM JPM	JPM	9,755	$3.3m0.32%	0.32%	Added +41	+41 0.4%
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	3,754	$1.9m0.18%	0.18%	Reduced -210	-210 -5.3%
16	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,928	$1.4m0.14%	0.14%	Added +21	+21 1.1%
17	JOHNSON & JOHNSON COM JNJ	JNJ	4,232	$1.1m0.11%	0.11%	Added +13	+13 0.3%
18	COSTCO WHSL CORP NEW COM COST	COST	1,049	$970.0k0.10%	0.10%	Added +2	+2 0.2%
19	FIRST HAWAIIAN INC COM FHB	FHB	32,100	$970.0k0.10%	0.10%	Reduced -100	-100 -0.3%
20	BANK AMERICA CORP COM BAC	BAC	15,105	$882.0k0.09%	0.09%	Added +56	+56 0.4%
21	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,432	$775.0k0.08%	0.08%	Added +7	+7 0.5%
22	TOYOTA MOTOR CORP ADS TM	TM	4,525	$768.0k0.08%	0.08%	Added +2	+2 0.0%
23	INTEL CORP COM INTC	INTC	6,017	$764.0k0.08%	0.08%	Added +15	+15 0.2%
24	ISHARES INC MSCI GBL MIN VOL ACWV	ACWV	4,941	$596.0k0.06%	0.06%	Added +73	+73 1.5%
25	AMAZON COM INC COM AMZN	AMZN	2,367	$572.0k0.06%	0.06%	Added +568	+568 31.6%
26	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,983	$568.0k0.06%	0.06%	Added +24	+24 1.2%
27	TEXAS INSTRS INC COM TXN	TXN	1,505	$449.0k0.04%	0.04%	Unchanged
28	ALPHABET INC CAP STK CL A GOOGL	GOOGL	1,235	$446.0k0.04%	0.04%	Added +58	+58 4.9%
29	GE AEROSPACE COM NEW GE	GE	1,064	$399.0k0.04%	0.04%	Added +27	+27 2.6%
30	PIMCO ETF TR 0-5 HIGH YIELD HYS	HYS	4,183	$389.0k0.04%	0.04%	Added +245	+245 6.2%
31	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	859	$382.0k0.04%	0.04%	Added +9	+9 1.1%
32	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	1,600	$377.0k0.04%	0.04%	New
33	TESLA INC COM TSLA	TSLA	883	$376.0k0.04%	0.04%	Added +148	+148 20.1%
34	ISHARES TR 0-5YR HI YL CP SHYG	SHYG	8,833	$373.0k0.04%	0.04%	Added +629	+629 7.7%
35	MONSTER BEVERAGE CORP NEW COM MNST	MNST	3,600	$350.0k0.03%	0.03%	Unchanged
36	MARSH & MCLENNAN COS INC COM MRSH	MRSH	1,968	$339.0k0.03%	0.03%	Added +5	+5 0.2%
37	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	2,737	$333.0k0.03%	0.03%	Unchanged
38	LINDE PLC SHS LIN	LIN	609	$325.0k0.03%	0.03%	Added +3	+3 0.5%
39	GE VERNOVA INC COM GEV	GEV	264	$299.0k0.03%	0.03%	Added +6	+6 2.3%
40	CHEVRON CORP NEW COM CVX	CVX	1,322	$219.0k0.02%	0.02%	Added +21	+21 1.6%
41	VERIZON COMMUNICATIONS INC COM VZ	VZ	5,155	$216.0k0.02%	0.02%	Unchanged
42	CITIGROUP INC COM NEW C	C	1,500	$210.0k0.02%	0.02%	Unchanged
43	DELL TECHNOLOGIES INC CL C DELL	DELL	483	$205.0k0.02%	0.02%	Added +1	+1 0.2%
44	EXXON MOBIL CORP COM XOM	XOM	1,416	$193.0k0.02%	0.02%	Added +78	+78 5.8%
45	MODINE MFG CO COM MOD	MOD	750	$183.0k0.02%	0.02%	Unchanged
46	META PLATFORMS INC CL A META	META	291	$178.0k0.02%	0.02%	Added +14	+14 5.0%
47	NETFLIX INC COM NFLX	NFLX	2,340	$174.0k0.02%	0.02%	Added +340	+340 17.0%
48	PROCTER AND GAMBLE CO COM PG	PG	1,116	$165.0k0.02%	0.02%	Added +5	+5 0.5%
49	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	2,756	$163.0k0.02%	0.02%	Unchanged
50	CENTRAL PAC FINL CORP COM NEW CPF	CPF	4,021	$156.0k0.02%	0.02%	Added +12	+12 0.3%
51	FORD MTR CO COM F	F	11,411	$156.0k0.02%	0.02%	Added +55	+55 0.5%
52	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	201	$146.0k0.01%	0.01%	Unchanged
53	NIKE INC CL B NKE	NKE	3,383	$146.0k0.01%	0.01%	Added +5	+5 0.1%
54	AFLAC INC COM AFL	AFL	1,210	$143.0k0.01%	0.01%	Unchanged
55	ISHARES TR U.S. TECH ETF IYW	IYW	540	$134.0k0.01%	0.01%	Unchanged
56	BANK HAWAII CORP COM BOH	BOH	1,562	$130.0k0.01%	0.01%	Unchanged
57	FIDELITY WISE ORIGIN BITCOIN SHS FBTC	FBTC	2,494	$130.0k0.01%	0.01%	Added +359	+359 16.8%
58	BROADCOM INC COM AVGO	AVGO	331	$122.0k0.01%	0.01%	Added +31	+31 10.3%
59	TRAVELERS COMPANIES INC COM TRV	TRV	352	$118.0k0.01%	0.01%	Added +8	+8 2.3%
60	WALMART INC COM WMT	WMT	1,062	$116.0k0.01%	0.01%	Added +12	+12 1.1%
61	ISHARES TR GRWT ALLOCAT ETF AOR	AOR	1,467	$102.0k0.01%	0.01%	Reduced -50	-50 -3.3%
62	MICRON TECHNOLOGY INC COM MU	MU	96	$99.0k0.01%	0.01%	Added +6	+6 6.7%
63	AT&T INC COM T	T	4,758	$97.0k0.01%	0.01%	Added +36	+36 0.8%
64	MAGNA INTL INC COM MGA	MGA	1,508	$95.0k0.01%	0.01%	Added +6	+6 0.4%
65	ISHARES TR IBOXX HI YD ETF HYG	HYG	1,040	$83.0k0.01%	0.01%	Unchanged
66	CARRIER GLOBAL CORPORATION COM CARR	CARR	1,103	$79.0k0.01%	0.01%	Unchanged
67	BLACKROCK DEBT STRATEGIES FD COM NEW DSU	DSU	7,748	$75.0k0.01%	0.01%	Added +37	+37 0.5%
68	ISHARES TR AGGRES ALLOC ETF AOA	AOA	774	$75.0k0.01%	0.01%	Added +4	+4 0.5%
69	GENTEX CORP COM GNTX	GNTX	2,856	$70.0k0.01%	0.01%	Added +8	+8 0.3%
70	AMPHENOL CORP CL A APH	APH	387	$67.0k0.01%	0.01%	New
71	SCHWAB STRATEGIC TR FUNDAMENTAL INTL FNDF	FNDF	1,261	$66.0k0.01%	0.01%	New
72	APPLIED MATLS INC COM AMAT	AMAT	100	$65.0k0.01%	0.01%	Unchanged
73	FREEPORT-MCMORAN INC CL B FCX	FCX	1,074	$65.0k0.01%	0.01%	Added +22	+22 2.1%
74	ISHARES TR BLACKROCK ULTRA ICSH	ICSH	1,282	$65.0k0.01%	0.01%	Unchanged
75	CISCO SYS INC COM CSCO	CSCO	536	$63.0k0.01%	0.01%	Added +13	+13 2.5%
76	MASTERCARD INCORPORATED CL A MA	MA	111	$58.0k0.01%	0.01%	New
77	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	734	$52.0k0.01%	0.01%	New
78	VIA TRANSN INC COM CL A VIA	VIA	2,752	$52.0k0.01%	0.01%	Unchanged
79	ROCKET LAB CORP COM RKLB	RKLB	491	$49.0k0.00%	0.00%	Added +160	+160 48.3%
80	AMGEN INC COM AMGN	AMGN	128	$46.0k0.00%	0.00%	Added +1	+1 0.8%
81	CORTEVA INC COM CTVA	CTVA	533	$45.0k0.00%	0.00%	Added +1	+1 0.2%
82	ISHARES TR MSCI EAFE MIN VL EFAV	EFAV	500	$44.0k0.00%	0.00%	Unchanged
83	VISA INC COM CL A V	V	112	$39.0k0.00%	0.00%	Reduced -13	-13 -10.4%
84	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	118	$35.0k0.00%	0.00%	Added +2	+2 1.7%
85	PFIZER INC COM PFE	PFE	1,475	$35.0k0.00%	0.00%	Unchanged
86	ALPHABET INC CAP STK CL C GOOG	GOOG	94	$34.0k0.00%	0.00%	Added +14	+14 17.5%
87	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	124	$34.0k0.00%	0.00%	Added +3	+3 2.5%
88	INVESCO EXCHANGE TRADED FD T RAFI US 1500 PRFZ	PRFZ	574	$32.0k0.00%	0.00%	New
89	ISHARES INC MSCI EMERG MRKT EEMV	EEMV	412	$31.0k0.00%	0.00%	Unchanged
90	DISNEY WALT CO COM DIS	DIS	317	$30.0k0.00%	0.00%	Unchanged
91	VANGUARD INTL EQUITY INDEX F FTSE SMCAP ETF VSS	VSS	185	$29.0k0.00%	0.00%	New
92	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	1,095	$29.0k0.00%	0.00%	Added +39	+39 3.7%
93	COCA COLA CO COM KO	KO	346	$28.0k0.00%	0.00%	Reduced -22	-22 -6.0%
94	VANGUARD WORLD FD FINANCIALS ETF VFH	VFH	200	$27.0k0.00%	0.00%	New
95	SCHWAB CHARLES CORP COM SCHW	SCHW	256	$25.0k0.00%	0.00%	New
96	SCHWAB STRATEGIC TR FUNDAMENTAL US L FNDX	FNDX	762	$24.0k0.00%	0.00%	New
97	SELECT SECTOR SPDR TR SBI CONS DISCR XLY	XLY	200	$24.0k0.00%	0.00%	New
98	QNITY ELECTRONICS INC COMMON STOCK Q	Q	144	$22.0k0.00%	0.00%	Unchanged
99	ADOBE INC COM ADBE	ADBE	100	$21.0k0.00%	0.00%	Unchanged
100	BIOGEN INC COM BIIB	BIIB	100	$21.0k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ALLSTATE CORP ALL	ALL	450	$92.0k450 shares
DUPONT DE NEMOURS INC DWDP	DWDP	97	$13.0k97 shares
COOPER COS INC COO	COO	93	$7.0k93 shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	10	$1.0k10 shares
CENTENE CORP DEL CNC	CNC	1	$01 shares