IF
Independent Financial Group, LLC Quarterly 13F Portfolio Update (Q3 2026)
Independent Financial Group, LLCCIK: 0000275484
Diversified strategySector-focusedMomentum follower
Total reported value
$5.5B
Reporting period: 2026-09-30 · Number of holdings: 1579
INDEPENDENT FINANCIAL GROUP, LLC disclosed 1579 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $5.5B and a quarterly turnover rate of 17.5%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "I"
Personality snowflake
- Concentration
- 4.28
- Portfolio Stability
- 17.45
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 60.12
Independent Financial Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.011 — mathematically equivalent to about 93 equally-sized positions, well below its 1579 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.99), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 42% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd NVDA
+1.4% $54.0M
Add MSFT
+2.4% $29.4M
Add AAPL
+1.0% $23.0M
Trim AVGO
-5.7% -$14.7M
Trim SNDK
-29.2% -$16.3M
New buy ICSH
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1579 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 7.20% | +0.79% | +1.43% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 2.99% | +0.34% | +1.00% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.53% | -0.15% | -3.01% | |
| 4 | MU | Micron Technology Inc | Stock-Tech | 2.17% | -0.23% | +1.08% | |
| 5 | AVGO | Broadcom Inc | Stock-Tech | 1.90% | -0.34% | -5.66% | |
| 6 | MSFT | Microsoft CORP | Stock-Tech | 1.84% | +0.49% | +2.38% | |
| 7 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.77% | -0.01% | -1.44% | |
| 8 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.73% | +0.02% | +2.07% | |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.49% | -0.01% | -0.15% | |
| 10 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.99% | -0.02% | +0.18% | |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.97% | -0.03% | +3.06% | |
| 12 | PAAA | Pgim Aaa Clo ETF | ETF-Other | 0.95% | -0.01% | +1.85% | |
| 13 | XLK | Ss Technology Select Sector | ETF-Tech | 0.92% | — | +0.04% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.81% | -0.07% | -0.41% | |
| 15 | AMD | Advanced Micro Devices | Stock-Tech | 0.77% | -0.07% | -9.57% | |
| 16 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.76% | -0.03% | +3.66% | |
| 17 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.75% | +0.05% | +7.12% | |
| 18 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.70% | -0.06% | +1.21% | |
| 19 | BUFR | Ft Vest Lad Buffervetf-usd I | ETF-Other | 0.67% | +0.07% | +12.18% | |
| 20 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.63% | +0.08% | -8.13% | |
| 21 | CGDV | Cap Group Dividend Value | ETF-Other | 0.62% | -0.01% | +1.69% | |
| 22 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.58% | +0.02% | +4.68% | |
| 23 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.58% | +0.17% | -9.71% | |
| 24 | GLD | Spdr Gold Shares | ETF-Commodities | 0.58% | +0.07% | +13.52% | |
| 25 | GARP | Ishares Msci USA Quality Gar | ETF-Other | 0.57% | -0.01% | -1.63% | |
| 26 | QQQI | Neos Nasdaq-100 High Inc ETF | ETF-Tech | 0.56% | -0.01% | +3.82% | |
| 27 | SNTH | Mrp Synthequity ETF | ETF-Other | 0.56% | +0.22% | +70.19% | |
| 28 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.56% | -0.16% | -5.11% | |
| 29 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.55% | -0.05% | -2.78% | |
| 30 | RDVY | First Trust Rising Dividend | ETF-Other | 0.52% | -0.02% | +1.72% | |
| 31 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.50% | -0.12% | -6.02% | |
| 32 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.47% | +0.03% | +5.57% | |
| 33 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.47% | +0.17% | +357.18% | |
| 34 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.47% | +0.13% | +32.82% | |
| 35 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.44% | +0.08% | +24.79% | |
| 36 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.44% | +0.05% | +16.38% | |
| 37 | TQQQ | Proshares Ultrapro Qqq | ETF-Other | 0.44% | +0.04% | +16.89% | |
| 38 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.41% | +0.03% | +2.89% | |
| 39 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.40% | -0.02% | +3.79% | |
| 40 | JEPQ | JPM Nasdaq Equity Premium | ETF-Tech | 0.40% | — | +1.62% | |
| 41 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.36% | +0.10% | +40.89% | |
| 42 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.36% | +0.06% | +26.39% | |
| 43 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.36% | -0.01% | -0.02% | |
| 44 | VXUS | Vanguard Total Intl Stock | ETF-Other | 0.35% | +0.03% | +15.56% | |
| 45 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 0.35% | +0.01% | +5.94% | |
| 46 | WMT | Walmart Inc | Stock-Consumer Staples | 0.35% | +0.01% | +16.81% | |
| 47 | SNDK | Sandisk CORP | Stock-Tech | 0.35% | -0.32% | -29.23% | |
| 48 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.35% | +0.01% | +3.30% | |
| 49 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.33% | +0.02% | +6.75% | |
| 50 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.33% | +0.02% | -5.81% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+4.8%
Performance Last 4 Quarters
+12.8%
- Stdev
- +12.4%
- Beta
- +1.04
- Alpha
- -1.4%
- Max Drawdown
- -5.5%
- Annualized Perf
- +22.6%
- Batting Avg vs S&P
- +58.8%
- Sortino
- +4.73
- Stutzer
- +0.54
- Treynor
- +0.2
- Sterling
- +1.46
- Calmar
- +4.13
- Information Ratio
- -0.14
- Tracking Error
- +2.9%
- Stdev Down
- +4.5%
- Winning Months %
- +70.6%
- Losing Months %
- +29.4%
- Best 12 Months
- +31.4%
- Worst 12 Months
- +12.8%
- Efficiency Ratio
- +0.66
- Sharpe
- +1.72
- Stdev Sectors
- +15.6%
- Skewness
- +0.56
- Kurtosis
- +0.27
- Upside Potential
- +6.32
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Independent Financial Group, LLC's most significant position changes for 2026-09-30: New buy: Ishares Ultra Short Duration (ICSH); New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; Sold out: Direxion Daily Mu Bull 2x Et (MUU).
Showing top 200 changes by size (of 1702 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +0.8% | +1.43% | Add |
| 2 | MSFT | Microsoft CORP | +0.5% | +2.38% | Add |
| 3 | AAPL | Apple Inc | +0.3% | +1.00% | Add |
| 4 | ICSH | Ishares Ultra Short Duration | +0.2% | NEW | New buy |
| 5 | ✓ | +0.2% | NEW | New buy | |
| 6 | SNTH | Mrp Synthequity ETF | +0.2% | +70.19% | Add |
| 7 | PLTR | Palantir Technologies Inc-a | +0.2% | -9.71% | Trim |
| 8 | CRWD | Crowdstrike Holdings Inc - A | +0.2% | +357.18% | Add |
| 9 | ✓ | +0.2% | NEW | New buy | |
| 10 | ✓ | +0.1% | +168.81% | Add | |
| 11 | SCHG | Schwab US Large-cap Growth | +0.1% | +32.82% | Add |
| 12 | MSTR | Strategy Inc | +0.1% | +4.26% | Add |
| 13 | SGOV | Ishares 0-3 Month Treasury B | +0.1% | +40.89% | Add |
| 14 | META | Meta Platforms Inc-class A | +0.1% | -8.13% | Trim |
| 15 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +24.79% | Add |
| 16 | NTRA | Natera Inc | +0.1% | +98.40% | Add |
| 17 | DELL | Dell Technologies -c | +0.1% | +16.21% | Add |
| 18 | BMNR | Bitmine Immersion Technologi | +0.1% | +15.93% | Add |
| 19 | XQQI | Neos Bstd Ndq Hgh Inc ETF | +0.1% | +62.90% | Add |
| 20 | BUFR | Ft Vest Lad Buffervetf-usd I | +0.1% | +12.18% | Add |
| 21 | GLD | Spdr Gold Shares | +0.1% | +13.52% | Add |
| 22 | HDGE | Advisorshares Ranger Eq Bear | +0.1% | +1423.40% | Add |
| 23 | XLV | Ss Health Care Select Sector | +0.1% | +48.79% | Add |
| 24 | LLY | Eli Lilly & Co | +0.1% | +26.39% | Add |
| 25 | IDMO | Invesco S&p International De | +0.1% | +48.10% | Add |
| 26 | ACYN | Ft Lad Autocall Bar Inc ETF | +0.1% | +36.36% | Add |
| 27 | SPYM | Ste Str Spdr Pt S&p 500 ETF | +0.1% | +7.12% | Add |
| 28 | CIBR | First Trust Nasdaq Cybersecu | +0.1% | +7.48% | Add |
| 29 | JPST | Jpmorgan Ultra-short Income | +0.1% | +16.38% | Add |
| 30 | AGG | Ishares Core U.s. Aggregate | +0.1% | +130.70% | Add |
| 31 | XLE | Ss Energy Select Sector | 0% | +12.08% | Add |
| 32 | TQQQ | Proshares Ultrapro Qqq | 0% | +16.89% | Add |
| 33 | NET | Cloudflare Inc - Class A | 0% | +3.11% | Add |
| 34 | CMF | Ishares California Muni Bond | 0% | +464.24% | Add |
| 35 | THC | Tenet Healthcare CORP | 0% | +208.10% | Add |
| 36 | TFLO | Ishares Treasury Floating Ra | 0% | +197.83% | Add |
| 37 | VXUS | Vanguard Total Intl Stock | 0% | +15.56% | Add |
| 38 | SPYG | Ss Spdr P S&p 500 Growth ETF | 0% | +5.57% | Add |
| 39 | MRK | Merck & Co. Inc. | 0% | +21.21% | Add |
| 40 | COWZ | Pacer US Cash Cows 100 ETF | 0% | +2.89% | Add |
| 41 | MINT | Pimco Enhanced Short Maturit | 0% | +30.85% | Add |
| 42 | GDX | Vaneck Gold Miners ETF | 0% | +1.37% | Add |
| 43 | SPMO | Invesco S&p 500 Momentum ETF | 0% | +31.83% | Add |
| 44 | HTGC | Hercules Capital Inc | 0% | +72.83% | Add |
| 45 | SPEM | State Street Sp Ptf Em ETF | 0% | +39.18% | Add |
| 46 | IFLR | Inno Inter Develo Mf ETF | 0% | +48.31% | Add |
| 47 | OKTA | Okta Inc | 0% | +183.89% | Add |
| 48 | FTLS | First Trust Long/short Eqty | 0% | +40.56% | Add |
| 49 | CAIE | Calamos Autocallable Inc ETF | 0% | +40.44% | Add |
| 50 | MRNA | Moderna Inc | 0% | NEW | New buy |
1–50 of 200
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Filing History
FAQ
What is Independent Financial Group, LLC and what type of investor is it?
Independent Financial Group, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $5.5B, spread across 1579 disclosed positions.
What are Independent Financial Group, LLC's largest equity positions?
Based on the latest 13F filing, Independent Financial Group, LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $396.7M (7.2%)
2. Apple Inc (AAPL) — $164.6M (3.0%)
3. Invesco Qqq Trust Series 1 (QQQ) — $139.4M (2.5%)
4. Micron Technology Inc (MU) — $119.6M (2.2%)
5. Broadcom Inc (AVGO) — $104.9M (1.9%)
What changes did Independent Financial Group, LLC make in its most recent portfolio filing?
In the latest reported quarter, Independent Financial Group, LLC made 200 notable position adjustments: 12 new positions were initiated, 103 existing holdings were added to, 75 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Ishares Ultra Short Duration (ICSH); New buy: ; Sold out: Exxon Mobil CORP (XOM); New buy: ; Sold out: Direxion Daily Mu Bull 2x Et (MUU)
What sectors does Independent Financial Group, LLC focus on?
Independent Financial Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 58.0%
• Consumer Discretionary: 7.8%
• Communication Services: 7.1%
• Financials: 6.9%
• Industrials: 5.7%
• Health Care: 5.1%
Investment Profile
Independent Financial Group, LLC returned an annualized 22.6% over the trailing 17 months — underperforming the S&P 500 by 1.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.04 (roughly in line with the market) and a 59% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 58.0% of the portfolio concentrated in Information Technology.
It has added to its NVDA position over the past two quarters (+$101.9M, now $396.7M), while trimming BIZD over the same stretch (-$15.5M, still holding $1.4M).
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Developer Access
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