LOWERY THOMAS, LLC

Registered adviser

CIK

1919701

Location

PEBBLE BEACH, CA

Portfolio Value

Small $204,741,806

Diversification

Diversified

Filing Date

Global Rank

#6,463 / 8,827 ▲ 63

Top Industry

Asset Management 54.5%

Period ended 4 months ago

Filed Jul 29, 2026 · 3mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 110058

Roster of Nov 1, 2026

Regulatory AUM

$385,772,610

Main clients

Individuals and high net worth (99% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$385,772,610	Individuals and high net worth (99%)
Apr 2025 to Mar 2026	$341,058,349	Individuals and high net worth (99%)
Apr 2024 to Mar 2025	$289,243,707	Individuals and high net worth (98%)
May 2023 to Mar 2024	$262,840,250	Individuals and high net worth (99%)
Apr 2023	$262,840,250	Individuals and high net worth (99%)
Apr 2022 to Mar 2023	$313,879,559	Individuals and high net worth (98%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 82.6% of the book (60%+)

Turnover

Low turnover

5.3% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.5 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 86.0%; sector active share 74.9% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

57 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

28.2%

−1.0 pts

Top 5

62.5%

−0.5 pts

Top 10

82.6%

+0.3 pts

HHI

1,224

Diversified−51

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	87.8%	$179,806,405	45
Financial Services	6.6%	$13,582,279	3
Technology	2.8%	$5,775,169	4
Communication Services	2.1%	$4,240,586	3
Consumer Cyclical	0.7%	$1,337,367	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
IWF	iShares Russell 1000 Growth ETF	+36,771	50,685	$6,293,556
VUSB	VANGUARD ULTRA-SHORT BOND ETF	+18,176	103,799	$5,167,114
SCHO	Schwab Short-Term U.S. Treasury ETF	+8,990	161,394	$3,896,051
SCHX	Schwab U.S. Large-Cap ETF	+7,885	109,537	$3,223,673
KLAC	Kla Corp	+5,481	6,090	$1,837,413
SCHG	Schwab U.S. Large-Cap Growth ETF	+4,743	737,508	$24,957,270
SCHV	Schwab U.S. Large-Cap Value ETF	+3,066	231,838	$8,070,280
VO	VANGUARD MID-CAP INDEX FUND	+1,765	2,677	$215,685
JEPI	JPMorgan Equity Premium Income ETF	+911	80,090	$4,523,483
XSMO	Victory Portfolios II	+833	17,299	$1,619,705
SHV	iShares 0-1 Year Treasury Bond ETF	+767	12,428	$1,371,429
XMMO	Victory Portfolios II	+509	27,017	$4,596,672
SCHD	Schwab U.S. Dividend Equity ETF	+486	10,974	$347,985
AIQ	Global X Artificial Intelligence & Technology ETF	+400	14,017	$919,655
SHY	iShares 1-3 Year Treasury Bond ETF	+266	15,377	$1,262,605
VIOG	VANGUARD S&P SMALL-CAP 600 GROWTH INDEX FUND	+256	25,110	$3,852,376
XSVM	Victory Portfolios II	+104	26,088	$1,815,463
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	+64	16,340	$993,308
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	+46	7,445	$2,280,403
IWB	iShares Russell 1000 ETF	+28	14,833	$6,074,113
IWD	iShares Russell 1000 Value ETF	+12	3,851	$933,597
VOE	VANGUARD MID-CAP VALUE INDEX FUND	+9	1,935	$382,356
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	+7	3,596	$428,391
RWL	Invesco Ltd.	+6	1,862	$237,889
NVDA	Nvidia Corp	+5	6,896	$1,379,820
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−8,298	58,095	$4,264,753
FNDX	Schwab Fundamental U.S. Large Company ETF	−7,319	368,588	$11,463,086
SCHZ	Schwab U.S. Aggregate Bond ETF	−6,891	159,791	$3,695,965
QQQM	Invesco Ltd.	−1,376	43,021	$13,034,072
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	−1,286	26,700	$3,177,033
FLDR	Fidelity Low Duration Bond Factor ETF	−1,235	74,205	$3,718,412
SCHA	Schwab U.S. Small-Cap ETF	−753	22,594	$816,321
SPY	Spdr S&P 500 ETF Trust	−650	12,193	$9,105,366
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−612	7,998	$1,523,778
AAPL	Apple Inc.	−463	7,226	$2,090,915
SCHM	Schwab U.S. Mid-Cap ETF	−266	34,048	$1,255,349
SMH	VanEck Semiconductor ETF	−249	17,895	$11,737,151
QQQ	Invesco Qqq Trust, Series 1	−242	12,634	$9,303,677
TSLA	Tesla, Inc.	−240	947	$398,308
QLD	ProShares Ultra QQQ	−195	7,842	$758,791
VOO	VANGUARD 500 INDEX FUND	−189	27,302	$18,751,286
IWO	iShares Russell 2000 Growth ETF	−135	13,472	$5,307,429
DIA	Spdr Dow Jones Industrial Average ETF Trust	−121	5,712	$2,983,891
AMZN	Amazon Com Inc	−100	3,940	$939,059
—		−78	6,666	$1,474,519
—		−76	21,378	$3,129,952
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	−75	6,043	$1,324,686
IWM	iShares Russell 2000 ETF	−51	3,933	$1,181,669
GOOG	Alphabet Inc.	−26	9,677	$3,419,174
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SPMO	Invesco Ltd.	1,921	$310,318
UYG	ProShares Ultra Financials	3,242	$277,417
VIOV	VANGUARD S&P SMALL-CAP 600 VALUE INDEX FUND	2,040	$239,353
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
COWZ	Pacer US Cash Cows 100 ETF	3,234	$202,319
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

57 tracked positions · $204,741,806 total · filing declares 57 positions · $204,713,488 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Financial Services Technology

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SCHG	Schwab U.S. Large-Cap Growth ETF	Added	737,508	+4,743	$24,957,270	+16.9%	19	before history	12.19%
VOO	VANGUARD 500 INDEX FUND	Reduced	27,302	-189	$18,751,286	+14.1%	19	before history	9.16%
QQQM	Invesco Ltd. Financial Services	Reduced	43,021	-1,376	$13,034,072	+23.6%	18	$152.71	6.37%
SMH	VanEck Semiconductor ETF	Reduced	17,895	-249	$11,737,151	+68.7%	19	before history	5.73%
FNDX	Schwab Fundamental U.S. Large Company ETF	Reduced	368,588	-7,319	$11,463,086	+9.5%	15	unpriced	5.60%
QQQ	Invesco Qqq Trust, Series 1	Reduced	12,634	-242	$9,303,677	+25.2%	19	before history	4.54%
SPY	Spdr S&P 500 ETF Trust	Reduced	12,193	-650	$9,105,366	+9.0%	19	before history	4.45%
SCHV	Schwab U.S. Large-Cap Value ETF	Added	231,838	+3,066	$8,070,280	+15.7%	19	before history	3.94%
IWF	iShares Russell 1000 Growth ETF	Added	50,685	+36,771	$6,293,556	+6.1%	19	before history	3.07%
IWB	iShares Russell 1000 ETF	Added	14,833	+28	$6,074,113	+15.1%	19	before history	2.97%
IWO	iShares Russell 2000 Growth ETF	Reduced	13,472	-135	$5,307,429	+24.3%	19	before history	2.59%
VUSB	VANGUARD ULTRA-SHORT BOND ETF	Added	103,799	+18,176	$5,167,114	+21.2%	7	$49.76	2.52%
XMMO	Victory Portfolios II	Added	27,017	+509	$4,596,672	+19.6%	14	$92.16	2.25%
JEPI	JPMorgan Equity Premium Income ETF	Added	80,090	+911	$4,523,483	+0.8%	14	$55.46	2.21%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	58,095	-8,298	$4,264,753	−12.8%	8	$73.83	2.08%
SCHO	Schwab Short-Term U.S. Treasury ETF	Added	161,394	+8,990	$3,896,051	+5.3%	19	before history	1.90%
VIOG	VANGUARD S&P SMALL-CAP 600 GROWTH INDEX FUND	Added	25,110	+256	$3,852,376	+24.5%	19	before history	1.88%
FLDR	Fidelity Low Duration Bond Factor ETF	Reduced	74,205	-1,235	$3,718,412	−1.5%	8	$50.21	1.82%
SCHZ	Schwab U.S. Aggregate Bond ETF	Reduced	159,791	-6,891	$3,695,965	−4.5%	8	unpriced	1.81%
GOOG	Alphabet Inc. Communication Services	Reduced	9,677	-26	$3,419,174	+22.8%	5	$287.16	1.67%
SCHX	Schwab U.S. Large-Cap ETF	Added	109,537	+7,885	$3,223,673	+23.7%	13	unpriced	1.57%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Reduced	26,700	-1,286	$3,177,033	+15.9%	19	before history	1.55%
		Reduced	21,378	-76	$3,129,952	+13.9%	19	before history	1.53%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Reduced	5,712	-121	$2,983,891	+10.4%	19	before history	1.46%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Added	7,445	+46	$2,280,403	+19.8%	19	before history	1.11%
AAPL	Apple Inc. Technology	Reduced	7,226	-463	$2,090,915	+7.1%	19	before history	1.02%
KLAC	Kla Corp Technology	Added	6,090	+5,481	$1,837,413	+104.9%	13	$41.78	0.90%
XSVM	Victory Portfolios II	Added	26,088	+104	$1,815,463	+15.9%	14	$50.21	0.89%
XSMO	Victory Portfolios II	Added	17,299	+833	$1,619,705	+29.4%	14	$54.04	0.79%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Reduced	7,998	-612	$1,523,778	+33.2%	14	unpriced	0.74%
		Reduced	6,666	-78	$1,474,519	+15.3%	19	before history	0.72%
NVDA	Nvidia Corp Technology	Added	6,896	+5	$1,379,820	+14.8%	13	unpriced	0.67%
SHV	iShares 0-1 Year Treasury Bond ETF	Added	12,428	+767	$1,371,429	+6.5%	7	unpriced	0.67%
VOOV	VANGUARD S&P 500 VALUE INDEX FUND	Reduced	6,043	-75	$1,324,686	+6.2%	15	unpriced	0.65%
SHY	iShares 1-3 Year Treasury Bond ETF	Added	15,377	+266	$1,262,605	+1.2%	7	unpriced	0.62%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	34,048	-266	$1,255,349	+18.2%	19	before history	0.61%
IWM	iShares Russell 2000 ETF	Reduced	3,933	-51	$1,181,669	+19.6%	19	before history	0.58%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Added	16,340	+64	$993,308	+7.9%	19	before history	0.49%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	3,940	-100	$939,059	+11.6%	19	before history	0.46%
IWD	iShares Russell 1000 Value ETF	Added	3,851	+12	$933,597	+13.8%	19	before history	0.46%
AIQ	Global X Artificial Intelligence & Technology ETF	Added	14,017	+400	$919,655	+44.7%	12	unpriced	0.45%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	22,594	-753	$816,321	+20.2%	17	unpriced	0.40%
SOXX	iShares Semiconductor ETF	Added	1,240	+1	$794,542	+95.1%	10	unpriced	0.39%
QLD	ProShares Ultra QQQ	Reduced	7,842	-195	$758,791	+54.8%	11	unpriced	0.37%
MSFT	Microsoft Corp Technology	Added	1,252	+2	$467,021	+0.9%	19	before history	0.23%
META	Meta Platforms, Inc. Communication Services	Added	761	+1	$428,663	−1.4%	13	$248.99	0.21%
SLYG	State Street(R) SPDR(R) S & P 600(TM) Small Cap Growth ETF	Added	3,596	+7	$428,391	+23.5%	19	before history	0.21%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	947	-240	$398,308	−9.7%	6	$333.26	0.19%
GOOGL	Alphabet Inc. Communication Services	Held	1,099	0	$392,749	+24.3%	2	$314.21	0.19%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Added	1,935	+9	$382,356	+7.7%	16	unpriced	0.19%

Showing the top 50 of 57 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.