IF
Independent Financial Group, LLC Quarterly 13F Portfolio Update (Q2 2026)
Independent Financial Group, LLCCIK: 0000275484
Diversified strategySector-focusedLong-term holder
Total reported value
$5.3B
Reporting period: 2026-06-30 · Number of holdings: 1546
INDEPENDENT FINANCIAL GROUP, LLC disclosed 1546 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $5.3B and a quarterly turnover rate of 0.0%.
Browse other institutions with $1B to $10B AUMBrowse other institutions starting with "I"
Personality snowflake
- Concentration
- 3.86
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 62.7
Independent Financial Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.010 — mathematically equivalent to about 104 equally-sized positions, well below its 1546 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 3.73), 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 MU
+30.2% $99.4M
Trim PAAA
-32.8% -$25.0M
Add SNDK
+141.2% $31.5M
Trim PLTR
-37.2% -$21.9M
Add AMD
+0.4% $29.1M
Trim JAAA
-57.5% -$15.5M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 1546 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.41% | -0.20% | +1.31% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.68% | +0.29% | +5.22% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 2.65% | -0.15% | -0.56% | |
| 4 | MU | Micron Technology Inc | Stock-Tech | 2.40% | +1.75% | +30.23% | |
| 5 | AVGO | Broadcom Inc | Stock-Tech | 2.24% | +0.09% | +2.12% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.78% | -0.01% | +3.96% | |
| 7 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.71% | +0.33% | +29.60% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.50% | -0.05% | +1.56% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 1.35% | -0.19% | +4.30% | |
| 10 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.01% | +0.01% | +4.35% | |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.00% | +0.09% | +7.19% | |
| 12 | PAAA | Pgim Aaa Clo ETF | ETF-Other | 0.96% | -0.76% | -32.82% | |
| 13 | XLK | Ss Technology Select Sector | ETF-Tech | 0.92% | +0.26% | +17.13% | |
| 14 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.88% | +0.20% | +10.98% | |
| 15 | AMD | Advanced Micro Devices | Stock-Tech | 0.84% | +0.49% | +0.39% | |
| 16 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.79% | +0.03% | -0.53% | |
| 17 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.76% | +0.25% | +6.11% | |
| 18 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.72% | -0.01% | +3.71% | |
| 19 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.70% | -0.08% | -5.52% | |
| 20 | SNDK | Sandisk CORP | Stock-Tech | 0.67% | +0.58% | +141.23% | |
| 21 | CGDV | Cap Group Dividend Value | ETF-Other | 0.63% | +0.03% | +8.56% | |
| 22 | SOXX | Ishares Semiconductor ETF | ETF-Other | 0.62% | +0.38% | +61.79% | |
| 23 | BUFR | Ft Vest Lad Buffervetf-usd I | ETF-Other | 0.60% | -0.04% | +3.44% | |
| 24 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.60% | -0.18% | -2.49% | |
| 25 | GARP | Ishares Msci USA Quality Gar | ETF-Other | 0.58% | +0.04% | +0.16% | |
| 26 | QQQI | Neos Nasdaq-100 High Inc ETF | ETF-Tech | 0.57% | +0.07% | +19.62% | |
| 27 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.56% | +0.02% | +8.04% | |
| 28 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.55% | -0.19% | -9.62% | |
| 29 | RDVY | First Trust Rising Dividend | ETF-Other | 0.54% | -0.01% | -0.79% | |
| 30 | GLD | Spdr Gold Shares | ETF-Commodities | 0.51% | -0.27% | -8.97% | |
| 31 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.44% | +0.03% | +5.76% | |
| 32 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.42% | -0.02% | +1.51% | |
| 33 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.41% | -0.57% | -37.19% | |
| 34 | JEPQ | JPM Nasdaq Equity Premium | ETF-Tech | 0.40% | +0.01% | +13.57% | |
| 35 | TQQQ | Proshares Ultrapro Qqq | ETF-Other | 0.40% | +0.12% | -11.38% | |
| 36 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.39% | +0.04% | +32.11% | |
| 37 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.39% | -0.08% | -18.33% | |
| 38 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.38% | -0.11% | -6.76% | |
| 39 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.37% | -0.03% | +5.27% | |
| 40 | CAT | Caterpillar Inc | Stock-Industrials | 0.36% | +0.11% | +13.79% | |
| 41 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.36% | +0.07% | +41.56% | |
| 42 | MRVL | Marvell Technology Inc | Stock-Tech | 0.35% | +0.31% | +273.01% | |
| 43 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.34% | -0.02% | -1.12% | |
| 44 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.34% | +0.05% | +20.80% | |
| 45 | SNTH | Mrp Synthequity ETF | ETF-Other | 0.34% | +0.01% | +8.16% | |
| 46 | SDVY | First Trust Smid Cap Rising | ETF-Other | 0.34% | -0.03% | +0.10% | |
| 47 | WMT | Walmart Inc | Stock-Consumer Staples | 0.34% | -0.12% | -3.01% | |
| 48 | DYNF | Ishrs US E F R A Etf-usd Inc | ETF-Other | 0.34% | +0.02% | +6.65% | |
| 49 | QQQE | Dirx Nasdaq-100eq Wi Etf-usd | ETF-Tech | 0.33% | -0.06% | -17.03% | |
| 50 | VUG | Vanguard Growth ETF | ETF-Other | 0.33% | +0.01% | +522.78% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+0.6%
Performance Last 4 Quarters
+19.6%
- Stdev
- +12.1%
- Beta
- +0.91
- Alpha
- -0.5%
- Max Drawdown
- -6.9%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +3.29
- Stutzer
- +0.44
- Treynor
- +0.19
- Sterling
- +1.21
- Calmar
- +2.67
- Information Ratio
- -0.76
- Tracking Error
- +3%
- Stdev Down
- +5.4%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +31.4%
- Worst 12 Months
- +7.9%
- Efficiency Ratio
- +0.59
- Sharpe
- +1.46
- Stdev Sectors
- +15.2%
- Skewness
- +0.25
- Kurtosis
- -0.34
- Upside Potential
- +5.11
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 2026-06-30: New buy: Ishares Msci South Korea ETF (EWY); New buy: Ft Lad Autocall Bar Inc ETF (ACYN); New buy: ; New buy: T. Rowe Price Growth ETF (TGRT); New buy: .
Showing top 200 changes by size (of 1657 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.8% | +30.23% | Add |
| 2 | SNDK | Sandisk CORP | +0.6% | +141.23% | Add |
| 3 | AMD | Advanced Micro Devices | +0.5% | +0.39% | Add |
| 4 | SOXX | Ishares Semiconductor ETF | +0.4% | +61.79% | Add |
| 5 | IVV | Ishares Core S&p 500 ETF | +0.3% | +29.60% | Add |
| 6 | MRVL | Marvell Technology Inc | +0.3% | +273.01% | Add |
| 7 | QQQ | Invesco Qqq Trust Series 1 | +0.3% | +5.22% | Add |
| 8 | XLK | Ss Technology Select Sector | +0.3% | +17.13% | Add |
| 9 | SMH | Vaneck Semiconductor ETF | +0.3% | +6.11% | Add |
| 10 | BE | Bloom Energy Corp- A | +0.2% | +636.41% | Add |
| 11 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +10.98% | Add |
| 12 | AMAT | Applied Materials Inc | +0.2% | +57.08% | Add |
| 13 | EWY | Ishares Msci South Korea ETF | +0.2% | NEW | New buy |
| 14 | GLW | Corning Inc | +0.2% | +92.50% | Add |
| 15 | VXUS | Vanguard Total Intl Stock | +0.2% | +124.65% | Add |
| 16 | CRDO | Credo Technology Group Holding Ltd | +0.2% | +18.19% | Add |
| 17 | LRCX | Lam Research CORP | +0.2% | +52.87% | Add |
| 18 | INTC | Intel CORP | +0.2% | +10.78% | Add |
| 19 | DELL | Dell Technologies -c | +0.2% | +201.16% | Add |
| 20 | ACYN | Ft Lad Autocall Bar Inc ETF | +0.2% | NEW | New buy |
| 21 | NEAR | Ishares Sh Dba ETF Usd Inc | +0.2% | +354.17% | Add |
| 22 | IYW | Ishares Ustechnology ETF | +0.1% | +111.38% | Add |
| 23 | XQQI | Neos Bstd Ndq Hgh Inc ETF | +0.1% | +745.01% | Add |
| 24 | TQQQ | Proshares Ultrapro Qqq | +0.1% | -11.38% | Trim |
| 25 | ✓ | +0.1% | NEW | New buy | |
| 26 | TGRT | T. Rowe Price Growth ETF | +0.1% | NEW | New buy |
| 27 | CAT | Caterpillar Inc | +0.1% | +13.79% | Add |
| 28 | PANW | Palo Alto Networks Inc | +0.1% | -12.55% | Trim |
| 29 | CARY | Angel Oak Income ETF | +0.1% | +244.80% | Add |
| 30 | ✓ | +0.1% | NEW | New buy | |
| 31 | IYM | Ishares U.s. Basic Materials | +0.1% | +2590.51% | Add |
| 32 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -6.24% | Trim |
| 33 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | +36.31% | Add |
| 34 | TLT | Ishares 20+ Year Treasury Bd | +0.1% | +188.04% | Add |
| 35 | STX | Seagate Technology Holdings plc | +0.1% | +5.08% | Add |
| 36 | AVGO | Broadcom Inc | +0.1% | +2.12% | Add |
| 37 | GOOG | Alphabet Inc-cl C | +0.1% | +7.19% | Add |
| 38 | NBIS | Nebius Group N.V. | +0.1% | +1.52% | Add |
| 39 | CGCP | Cap Group Core Plus Income | +0.1% | +378.73% | Add |
| 40 | PATN | Pacer Nasdaq Int Pat Ldr | +0.1% | NEW | New buy |
| 41 | QQQI | Neos Nasdaq-100 High Inc ETF | +0.1% | +19.62% | Add |
| 42 | SCHD | Schwab US Dvd Equity ETF | +0.1% | +41.56% | Add |
| 43 | CSCO | Cisco Systems Inc | +0.1% | +14.77% | Add |
| 44 | WDC | Western Digital CORP | +0.1% | -7.96% | Trim |
| 45 | XMHQ | Invesco S&p Midcap Qual ETF | +0.1% | +174.57% | Add |
| 46 | AVLV | Avantis US Large Cap Value | +0.1% | NEW | New buy |
| 47 | LLY | Eli Lilly & Co | +0.1% | +16.32% | Add |
| 48 | VGT | Vanguard Info Tech ETF | +0.1% | +769.92% | Add |
| 49 | LITE | Lumentum Holdings Inc | +0.1% | +58.05% | Add |
| 50 | FTHI | Fthi/first Trust Exchange-tr | +0.1% | +234.34% | Add |
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $5.3B, spread across 1546 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) — $342.6M (6.4%)
2. Invesco Qqq Trust Series 1 (QQQ) — $143.1M (2.7%)
3. Apple Inc (AAPL) — $141.6M (2.6%)
4. Micron Technology Inc (MU) — $128.2M (2.4%)
5. Broadcom Inc (AVGO) — $119.6M (2.2%)
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: 22 new positions were initiated, 115 existing holdings were added to, 60 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Ishares Msci South Korea ETF (EWY); New buy: Ft Lad Autocall Bar Inc ETF (ACYN); New buy: ; New buy: T. Rowe Price Growth ETF (TGRT); New buy:
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: 56.4%
• Consumer Discretionary: 8.6%
• Communication Services: 7.0%
• Industrials: 6.8%
• Financials: 6.8%
• Health Care: 4.1%
Investment Profile
Independent Financial Group, LLC returned an annualized 18.4% over the trailing 36 months — underperforming the S&P 500 by 0.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.91 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 56.4% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 33 to 0 over the past 4 quarters — a shift toward longer holding periods.
It has added to its MU position over the past two quarters (+$102.5M, now $128.2M), while trimming PLTR over the same stretch (-$35.4M, still holding $22.0M).
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Developer Access
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