Independence Asset Advisors, LLC
Long book
$276.6M
Q1 2026
Positions
24
Top-10 weight
97%
concentration
Last quarter
+7.3%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsIndependence Asset Advisors, LLC is a wealth-management firm allocating client money, running a $276.6M US long book across 24 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: VANECK CLO ETF, INVESCO S&P 500 QUALITY ETF, VANECK AA-BB CLO ETF, VANGUARD TOTAL STOCK MKT ETF, JPMORGAN ACTIVE BOND ETF.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.1%
Q2 2024
+5.4%
Q3 2024
-0.3%
Q4 2024
+1.3%
Q1 2025
+2.2%
Q2 2025
+3.1%
Q3 2025
+2.3%
Q4 2025
-0.1%
Q1 2026
+7.3%
Sector allocation
Technology 100%
Long book by quarter
What does Independence Asset own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 24 | $276.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 18 | $181.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 3, 2025 | 19 | $235.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 17 | $160.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 13 | $30.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 28, 2025 | 9 | $21.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 6 | $5.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 5 | $4.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 5 | $4.2M | canonical | SEC ↗ |