CIK: 0000275484
Total reported value
$4.5B
Reporting period: 2026-03-31 · Number of holdings: 1447
INDEPENDENT FINANCIAL GROUP, LLC disclosed 1447 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $4.5B and a quarterly turnover rate of 20.2%.
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Independent Financial Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 105 equally-sized positions, well below its 1447 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 3.57), 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 32% 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.
Trim NVDA
-1.4% -$24.9M
Trim MSFT
+0.9% -$20.2M
Trim AVGO
-6.5% -$18.8M
Add BND
+109.1% $13.5M
Trim PLTR
-7.1% -$13.5M
Trim QQQ
-4.2% -$11.9M
Showing top 200 holdings (of 1447 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.61% | -0.52% | -1.40% | |
| 2 | AAPL | Apple INC | Stock-Tech | 2.80% | -0.22% | -1.07% | |
| 3 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 2.39% | -0.25% | -4.23% | |
| 4 | AVGO | Broadcom INC | Stock-Tech | 2.15% | -0.41% | -6.46% | |
| 5 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.79% | -0.14% | +2.22% | |
| 6 | PAAA | Pgim Aaa Clo ETF | ETF-Other | 1.71% | — | +0.61% | |
| 7 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.55% | -0.11% | -2.66% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.54% | -0.44% | +0.86% | |
| 9 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 1.38% | — | +0.81% | |
| 10 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.00% | — | -0.17% | |
| 11 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.98% | -0.30% | -7.08% | |
| 12 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.91% | -0.10% | -1.75% | |
| 13 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.78% | +0.11% | -0.30% | |
| 14 | GLD | Spdr Gold Shares | ETF-Commodities | 0.78% | — | -5.11% | |
| 15 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 0.78% | — | +10.94% | |
| 16 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.76% | -0.08% | -1.39% | |
| 17 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.74% | -0.13% | -2.85% | |
| 18 | TSLA | Tesla INC | Stock-Consumer Disc | 0.73% | -0.13% | +2.78% | |
| 19 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.68% | +0.16% | +16.62% | |
| 20 | XLK | Ss Technology Select Sector | ETF-Tech | 0.66% | — | +2.59% | |
| 21 | MU | Micron Technology INC | Stock-Tech | 0.65% | — | -5.35% | |
| 22 | BUFR | Ft Vest Lad Buffervetf-usd I | ETF-Other | 0.64% | — | +11.86% | |
| 23 | JAAA | Janus Henderson Aaa Clo ETF | ETF-Other | 0.61% | — | -0.29% | |
| 24 | CGDV | Cap Group Dividend Value | ETF-Other | 0.60% | — | +12.60% | |
| 25 | BND | Vanguard Total Bond Market | ETF-Other | 0.58% | +0.30% | +109.12% | |
| 26 | RDVY | First Trust Rising Dividend | ETF-Other | 0.55% | — | +11.53% | |
| 27 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.54% | — | +11.87% | |
| 28 | GARP | Ishares Msci USA Quality Gar | ETF-Other | 0.54% | — | +1.01% | |
| 29 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.51% | — | +0.21% | |
| 30 | QQQI | Neos Nasdaq-100 High INC ETF | ETF-Tech | 0.50% | — | +3.08% | |
| 31 | COWZ | Pacer US Cash Cows 100 ETF | ETF-Other | 0.49% | — | -5.61% | |
| 32 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.47% | +0.25% | +107.52% | |
| 33 | WMT | Walmart INC | Stock-Consumer Staples | 0.46% | — | +0.33% | |
| 34 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.44% | — | -2.54% | |
| 35 | SLV | Ishares Silver Trust | ETF-Commodities | 0.43% | -0.15% | -29.80% | |
| 36 | BPRE | Bluerock Private Real Estate | Stock-Financials | 0.43% | +0.14% | +34.70% | |
| 37 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-Large Cap & Growth | 0.41% | — | +6.74% | |
| 38 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.40% | — | +0.87% | |
| 39 | QQQE | Dirx Nasdaq-100eq Wi Etf-usd | ETF-Tech | 0.39% | — | -11.50% | |
| 40 | JEPQ | JPM Nasdaq Equity Premium | ETF-Tech | 0.39% | — | -2.66% | |
| 41 | BIZD | Vaneck Bdc Income ETF | ETF-Other | 0.38% | — | -3.21% | |
| 42 | SDVY | First Trust Smid Cap Rising | ETF-Other | 0.37% | — | +4.30% | |
| 43 | XOM | Exxon Mobil CORP | Stock-Energy | 0.37% | +0.18% | +34.99% | |
| 44 | NFLX | Netflix INC | Stock-Comm Services | 0.37% | — | +7.67% | |
| 45 | ITOT | Ishares Core S&p Total U.s. | ETF-Other | 0.36% | — | +6.32% | |
| 46 | JPST | Jpmorgan Ultra-short Income | ETF-Other | 0.35% | — | -3.52% | |
| 47 | AMD | Advanced Micro Devices | Stock-Tech | 0.35% | — | +0.93% | |
| 48 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 0.34% | — | -13.55% | |
| 49 | SNTH | Mrp Synthequity ETF | ETF-Other | 0.33% | — | -1.79% | |
| 50 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 0.33% | — | +0.87% |
Performance for Q3 2026
+2.6%
Performance Last 4 Quarters
+17.8%
Based on 80% of reported portfolio value with available pricing
Independent Financial Group, LLC's most significant position changes for 2026-03-31: New buy: Ish Intl Ctry Rot Act ETF (CORO); New buy: Ishares Lrg Cp Cr Act Etf-ui (BLCR); New buy: Ishares Investment Grade Sys (IGEB); Trim: Nvidia CORP (NVDA) — shares -1.40%; Add: Microsoft CORP (MSFT) — shares +0.86%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BND | Vanguard Total Bond Market | +0.3% | +109.12% | Add |
| 2 | IWM | Ishares Russell 2000 ETF | +0.3% | +107.52% | Add |
| 3 | IJS | Ishares S&p Small-cap 600 Va | +0.2% | +269.42% | Add |
| 4 | IJK | Ishares S&p Mid-cap 400 Grow | +0.2% | +619.30% | Add |
| 5 | XOM | Exxon Mobil CORP | +0.2% | +34.99% | Add |
| 6 | FTCB | Ft Core Investment Grade ETF | +0.2% | +404.65% | Add |
| 7 | XLE | Ss Energy Select Sector | +0.2% | +43.22% | Add |
| 8 | TSM | Taiwan Semiconductor-sp Adr | +0.2% | +16.62% | Add |
| 9 | ISVL | Ishares International Develo | +0.2% | +970.97% | Add |
| 10 | BPRE | Bluerock Private Real Estate | +0.1% | +34.70% | Add |
| 11 | TOPT | Ishares Top 20 US Stocks ETF | +0.1% | +314.58% | Add |
| 12 | CSHI | Neos Enhanced Income 1-3 Mon | +0.1% | +494.16% | Add |
| 13 | PSEC | Prospect Capital CORP | +0.1% | +155.40% | Add |
| 14 | CVX | Chevron CORP | +0.1% | +53.32% | Add |
| 15 | VEA | Vanguard Ftse Developed ETF | +0.1% | +158.45% | Add |
| 16 | GEV | GE Vernova INC | +0.1% | +23.68% | Add |
| 17 | COST | Costco Wholesale CORP | +0.1% | -0.30% | Trim |
| 18 | OXY | Occidental Petroleum CORP | +0.1% | +837.09% | Add |
| 19 | VZ | Verizon Communications INC | +0.1% | +37.40% | Add |
| 20 | RFLR | Innovator US S Cap Mng F ETF | +0.1% | +355.90% | Add |
| 21 | CIEN | Ciena CORP | +0.1% | +87.56% | Add |
| 22 | SGOV | Ishares 0-3 Month Treasury B | -0.1% | -21.91% | Trim |
| 23 | JPM | Jpmorgan Chase & Co | -0.1% | -13.66% | Trim |
| 24 | GOVT | Ishares US Treasury Bond ETF | -0.1% | -66.10% | Trim |
| 25 | LLY | Eli Lilly & Co | -0.1% | -10.48% | Trim |
| 26 | IVW | Ishares S&p 500 Growth ETF | -0.1% | -34.02% | Trim |
| 27 | BX | Blackstone INC | -0.1% | -35.29% | Trim |
| 28 | GOOGL | Alphabet Inc-cl A | -0.1% | -1.39% | Trim |
| 29 | APP | Applovin Corp-class A | -0.1% | -33.44% | Trim |
| 30 | IYW | Ishares Ustechnology ETF | -0.1% | -44.61% | Trim |
| 31 | EFV | Ishares Msci Eafe Value ETF | -0.1% | -34.87% | Trim |
| 32 | GOOG | Alphabet Inc-cl C | -0.1% | -1.75% | Trim |
| 33 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -2.66% | Trim |
| 34 | IBM | Intl Business Machines CORP | -0.1% | -13.58% | Trim |
| 35 | META | Meta Platforms Inc-class A | -0.1% | -2.85% | Trim |
| 36 | TSLA | Tesla INC | -0.1% | +2.78% | Add |
| 37 | AMZN | Amazon.com INC | -0.1% | +2.22% | Add |
| 38 | FTSM | First Trust Enh Short Mat Fd | -0.1% | -62.49% | Trim |
| 39 | SLV | Ishares Silver Trust | -0.2% | -29.80% | Trim |
| 40 | FSK | Fs Kkr Capital CORP | -0.2% | -9.82% | Trim |
| 41 | OEF | Ishares S&p 100 ETF | -0.2% | -80.35% | Trim |
| 42 | AAPL | Apple INC | -0.2% | -1.07% | Trim |
| 43 | QQQ | Invesco Qqq Trust Series 1 | -0.3% | -4.23% | Trim |
| 44 | PLTR | Palantir Technologies Inc-a | -0.3% | -7.08% | Trim |
| 45 | AVGO | Broadcom INC | -0.4% | -6.46% | Trim |
| 46 | MSFT | Microsoft CORP | -0.4% | +0.86% | Add |
| 47 | NVDA | Nvidia CORP | -0.5% | -1.40% | Trim |
| 48 | CORO | Ish Intl Ctry Rot Act ETF | — | NEW | New buy |
| 49 | BLCR | Ishares Lrg Cp Cr Act Etf-ui | — | NEW | New buy |
| 50 | IGEB | Ishares Investment Grade Sys | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-05-05 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2026-05-19 | 13F-HR | View on EDGAR |
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