CWS Financial Advisors, LLC

KALAMAZOO, MI · CIK 1802459 · 13F filing filed 2023-08-14

SEC-registered investment adviser since 2018 · limited liability company

Assets managed$1.3bn
Staff12 · 5 in investment roles
Main clients (by assets)High net worth individuals 86%, Individuals 13%, Charities 1%
Form ADV · 2026-07-24SEC adviser record

$263.7m reported value +4.9% vs Q1 2023

150positions

62.3%in top 10

9 new 36 added 80 reduced 1 sold out vs Q1 2023

Also in the report of:

Advisor OS, LLC – $1.9m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2023

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	STRYKER CORPORATION COM SYK	SYK	282,153	$86.1m32.65%	32.65%	Reduced -4.5k	-4,545 -1.6%
2	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	35,649	$14.5m5.51%	5.51%	Added +1.9k	+1,899 5.6%
3	ISHARES TR CORE S&P SCP ETF IJR	IJR	128,414	$12.8m4.85%	4.85%	Added +15.7k	+15,694 13.9%
4	APPLE INC COM AAPL	AAPL	59,008	$11.4m4.34%	4.34%	Reduced -2.6k	-2,650 -4.3%
5	VANGUARD INDEX FDS EXTEND MKT ETF VXF	VXF	58,874	$8.8m3.32%	3.32%	Reduced -24.9k	-24,925 -29.7%
6	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	151,227	$8.5m3.22%	3.22%	Added +7.6k	+7,645 5.3%
7	MICROSOFT CORP COM MSFT	MSFT	21,518	$7.3m2.78%	2.78%	Reduced -243	-243 -1.1%
8	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	33,605	$5.5m2.07%	2.07%	Added +315	+315 0.9%
9	VANGUARD INDEX FDS VALUE ETF VTV	VTV	34,603	$4.9m1.86%	1.86%	Added +1.4k	+1,384 4.2%
10	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	16,290	$4.6m1.75%	1.75%	Added +1.2k	+1,163 7.7%
11	PEPSICO INC COM PEP	PEP	18,910	$3.5m1.33%	1.33%	Reduced -196	-196 -1.0%
12	MCDONALDS CORP COM MCD	MCD	8,819	$2.6m1.00%	1.00%	Added +684	+684 8.4%
13	EXXON MOBIL CORP COM XOM	XOM	24,103	$2.6m0.98%	0.98%	Reduced -509	-509 -2.1%
14	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	11,167	$2.5m0.93%	0.93%	Reduced -196	-196 -1.7%
15	HOME DEPOT INC COM HD	HD	7,818	$2.4m0.92%	0.92%	Reduced -116	-116 -1.5%
16	ISHARES TR CORE S&P500 ETF IVV	IVV	5,307	$2.4m0.90%	0.90%	Added +9	+9 0.2%
17	VANGUARD BD INDEX FDS VANGUARD ULTRA VUSB	VUSB	45,152	$2.2m0.84%	0.84%	Reduced -17.1k	-17,139 -27.5%
18	ISHARES TR CORE MSCI EAFE IEFA	IEFA	31,733	$2.1m0.81%	0.81%	Reduced -472	-472 -1.5%
19	PROCTER AND GAMBLE CO COM PG	PG	14,054	$2.1m0.81%	0.81%	Reduced -197	-197 -1.4%
20	CHEVRON CORP NEW COM CVX	CVX	12,964	$2.0m0.77%	0.77%	Added +244	+244 1.9%
21	VANGUARD INDEX FDS SMALL CP ETF VB	VB	10,213	$2.0m0.77%	0.77%	Reduced -175	-175 -1.7%
22	LOCKHEED MARTIN CORP COM LMT	LMT	3,178	$1.5m0.55%	0.55%	Reduced -8	-8 -0.2%
23	CAPITAL GROUP GROWTH ETF SHS CREATION UNI CGGR	CGGR	57,726	$1.5m0.55%	0.55%	Reduced -6.3k	-6,258 -9.8%
24	SOUTHERN CO COM SO	SO	20,353	$1.4m0.54%	0.54%	Reduced -2.0k	-1,982 -8.9%
25	LINDE PLC SHS LIN	LIN	3,550	$1.4m0.51%	0.51%	Reduced -79	-79 -2.2%
26	PFIZER INC COM PFE	PFE	36,117	$1.3m0.50%	0.50%	Added +434	+434 1.2%
27	JOHNSON & JOHNSON COM JNJ	JNJ	7,790	$1.3m0.49%	0.49%	Added +773	+773 11.0%
28	SCHWAB STRATEGIC TR US TIPS ETF SCHP	SCHP	22,786	$1.2m0.45%	0.45%	Reduced -302	-302 -1.3%
29	FASTENAL CO COM FAST	FAST	19,671	$1.2m0.44%	0.44%	Reduced -86	-86 -0.4%
30	SNAP ON INC COM SNA	SNA	3,909	$1.1m0.43%	0.43%	Reduced -53	-53 -1.3%
31	PROGRESSIVE CORP COM PGR	PGR	8,349	$1.1m0.42%	0.42%	Reduced -33	-33 -0.4%
32	ISHARES TR CORE S&P MCP ETF IJH	IJH	4,178	$1.1m0.41%	0.41%	Reduced -57	-57 -1.4%
33	ANALOG DEVICES INC COM ADI	ADI	5,588	$1.1m0.41%	0.41%	Reduced -26	-26 -0.5%
34	CISCO SYS INC COM CSCO	CSCO	21,001	$1.1m0.41%	0.41%	Added +216	+216 1.0%
35	PAYCHEX INC COM PAYX	PAYX	9,662	$1.1m0.41%	0.41%	Reduced -197	-197 -2.0%
36	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	7,730	$1.0m0.39%	0.39%	Reduced -75	-75 -1.0%
37	MASTERCARD INCORPORATED CL A MA	MA	2,592	$1.0m0.39%	0.39%	Added +5	+5 0.2%
38	GRACO INC COM GGG	GGG	11,702	$1.0m0.38%	0.38%	Reduced -190	-190 -1.6%
39	PHILIP MORRIS INTL INC COM PM	PM	10,161	$992.0k0.38%	0.38%	Added +30	+30 0.3%
40	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	13,637	$990.4k0.38%	0.38%	Added +2.4k	+2,355 20.9%
41	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	17,030	$983.1k0.37%	0.37%	Added +9.3k	+9,336 121.3%
42	VANGUARD WHITEHALL FDS INTL DVD ETF VIGI	VIGI	12,948	$972.3k0.37%	0.37%	Added +532	+532 4.3%
43	POLARIS INC COM PII	PII	7,984	$965.5k0.37%	0.37%	Reduced -41	-41 -0.5%
44	JPMORGAN CHASE & CO COM JPM	JPM	6,582	$957.2k0.36%	0.36%	Added +110	+110 1.7%
45	AMAZON COM INC COM AMZN	AMZN	7,322	$954.5k0.36%	0.36%	Reduced -702	-702 -8.8%
46	ELI LILLY & CO COM LLY	LLY	1,976	$926.6k0.35%	0.35%	Reduced -100	-100 -4.8%
47	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	2,711	$924.5k0.35%	0.35%	Reduced -86	-86 -3.1%
48	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	5,290	$876.2k0.33%	0.33%	Reduced -88	-88 -1.6%
49	COLGATE PALMOLIVE CO COM CL	CL	11,232	$865.3k0.33%	0.33%	Reduced -57	-57 -0.5%
50	ILLINOIS TOOL WKS INC COM ITW	ITW	3,313	$828.8k0.31%	0.31%	Unchanged
51	CHUBB LIMITED COM CB	CB	4,261	$820.5k0.31%	0.31%	Reduced -20	-20 -0.5%
52	STARBUCKS CORP COM SBUX	SBUX	8,121	$804.4k0.31%	0.31%	Reduced -324	-324 -3.8%
53	DIAGEO PLC SPON ADR NEW DEO	DEO	4,562	$791.5k0.30%	0.30%	Reduced -22	-22 -0.5%
54	ALTRIA GROUP INC COM MO	MO	17,244	$781.1k0.30%	0.30%	Added +211	+211 1.2%
55	COCA COLA CO COM KO	KO	12,580	$757.6k0.29%	0.29%	Added +1.5k	+1,513 13.7%
56	CONOCOPHILLIPS COM COP	COP	7,169	$742.8k0.28%	0.28%	Reduced -726	-726 -9.2%
57	ABBOTT LABS COM ABT	ABT	6,762	$737.2k0.28%	0.28%	Added +55	+55 0.8%
58	ZOETIS INC CL A ZTS	ZTS	4,185	$720.6k0.27%	0.27%	Added +83	+83 2.0%
59	NEXTERA ENERGY INC COM NEE	NEE	9,550	$708.6k0.27%	0.27%	Reduced -412	-412 -4.1%
60	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	11,046	$706.4k0.27%	0.27%	Reduced -300	-300 -2.6%
61	WEYERHAEUSER CO MTN BE COM NEW WY	WY	20,306	$680.5k0.26%	0.26%	Reduced -135	-135 -0.7%
62	PRICE T ROWE GROUP INC COM TROW	TROW	6,013	$673.6k0.26%	0.26%	Reduced -153	-153 -2.5%
63	VERIZON COMMUNICATIONS INC COM VZ	VZ	17,633	$655.8k0.25%	0.25%	Added +440	+440 2.6%
64	DOW INC COM DOW	DOW	12,011	$639.7k0.24%	0.24%	Reduced -1.4k	-1,371 -10.2%
65	ABBVIE INC COM ABBV	ABBV	4,725	$636.5k0.24%	0.24%	Reduced -1.2k	-1,152 -19.6%
66	RTX CORPORATION COM RTX	RTX	6,438	$630.7k0.24%	0.24%	Added +100	+100 1.6%
67	EDWARDS LIFESCIENCES CORP COM EW	EW	6,533	$616.3k0.23%	0.23%	Added +119	+119 1.9%
68	BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A COM SB VTG SHS A		12,862	$586.2k0.22%	0.22%	Reduced -93	-93 -0.7%
69	GILEAD SCIENCES INC COM GILD	GILD	7,530	$580.4k0.22%	0.22%	Reduced -143	-143 -1.9%
70	COSTCO WHSL CORP NEW COM COST	COST	1,056	$568.5k0.22%	0.22%	Reduced -19	-19 -1.8%
71	ORACLE CORP COM ORCL	ORCL	4,734	$563.7k0.21%	0.21%	Reduced -1.5k	-1,517 -24.3%
72	ISHARES INC CORE MSCI EMKT IEMG	IEMG	11,207	$552.4k0.21%	0.21%	Reduced -118	-118 -1.0%
73	ALPHABET INC CAP STK CL C GOOG	GOOG	4,559	$551.5k0.21%	0.21%	Reduced -44	-44 -1.0%
74	S&P GLOBAL INC COM SPGI	SPGI	1,354	$542.8k0.21%	0.21%	Unchanged
75	MERCK & CO INC COM MRK	MRK	4,614	$532.4k0.20%	0.20%	Reduced -32	-32 -0.7%
76	NORTHERN TR CORP COM NTRS	NTRS	7,146	$529.8k0.20%	0.20%	Reduced -195	-195 -2.7%
77	TJX COS INC NEW COM TJX	TJX	6,239	$529.0k0.20%	0.20%	Unchanged
78	VANGUARD ADMIRAL FDS INC 500 GRTH IDX F VOOG	VOOG	2,081	$528.8k0.20%	0.20%	Unchanged
79	DIGITAL RLTY TR INC COM DLR	DLR	4,578	$521.3k0.20%	0.20%	Reduced -34	-34 -0.7%
80	ENTERGY CORP NEW COM ETR	ETR	5,338	$519.7k0.20%	0.20%	Reduced -33	-33 -0.6%
81	ALPHABET INC CAP STK CL A GOOGL	GOOGL	4,317	$516.7k0.20%	0.20%	Unchanged
82	MARATHON PETE CORP COM MPC	MPC	4,346	$506.7k0.19%	0.19%	Unchanged
83	BECTON DICKINSON & CO COM BDX	BDX	1,898	$501.2k0.19%	0.19%	Reduced -143	-143 -7.0%
84	GENERAL DYNAMICS CORP COM GD	GD	2,308	$496.6k0.19%	0.19%	Unchanged
85	ISHARES TR S&P 500 GRWT ETF IVW	IVW	7,017	$494.6k0.19%	0.19%	Unchanged
86	RAYONIER INC COM RYN	RYN	15,655	$491.6k0.19%	0.19%	Reduced -123	-123 -0.8%
87	BOEING CO COM BA	BA	2,313	$488.4k0.19%	0.19%	Reduced -200	-200 -8.0%
88	NXP SEMICONDUCTORS N V COM NXPI	NXPI	2,350	$481.0k0.18%	0.18%	Unchanged
89	ISHARES TR MSCI USA ESG SLC SUSA	SUSA	5,135	$480.8k0.18%	0.18%	Added +79	+79 1.6%
90	CIVISTA BANCSHARES INC COM NO PAR CIVB	CIVB	26,716	$464.9k0.18%	0.18%	Unchanged
91	FIDELITY NATIONAL FINANCIAL FNF GROUP COM FNF	FNF	12,754	$459.1k0.17%	0.17%	Reduced -114	-114 -0.9%
92	MASCO CORP COM MAS	MAS	7,923	$454.6k0.17%	0.17%	Reduced -199	-199 -2.5%
93	KINDER MORGAN INC DEL COM KMI	KMI	26,309	$453.0k0.17%	0.17%	Reduced -1.2k	-1,192 -4.3%
94	DUKE ENERGY CORP NEW COM NEW DUK	DUK	4,998	$448.5k0.17%	0.17%	Reduced -234	-234 -4.5%
95	AIR PRODS & CHEMS INC COM APD	APD	1,475	$441.8k0.17%	0.17%	Unchanged
96	WALMART INC COM WMT	WMT	2,706	$425.4k0.16%	0.16%	Added +6	+6 0.2%
97	ISHARES TR S&P 500 VAL ETF IVE	IVE	2,588	$417.2k0.16%	0.16%	Unchanged
98	AT&T INC COM T	T	25,796	$411.4k0.16%	0.16%	Reduced -4.9k	-4,895 -15.9%
99	ARES CAPITAL CORP COM ARCC	ARCC	21,794	$409.5k0.16%	0.16%	Reduced -186	-186 -0.8%
100	UNITEDHEALTH GROUP INC COM UNH	UNH	846	$406.6k0.15%	0.15%	Added +5	+5 0.6%

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
BERKLEY W R CORP WRB	WRB	3,263	$203.2k3.3k shares