Independence Financial Advisors, LLC
Long book
$333.2M
Q1 2026
Positions
51
Top-10 weight
61%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsIndependence Financial Advisors, LLC is a wealth-management firm allocating client money, specialised in financials (70% of the long book), running a $333.2M US long book across 51 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: FIDELITY ENH LRG CAP GWTH, FIDELITY ENH LRG CAP VAL ETF, ISHARES 7-10 YEAR TREASURY B, ISHARES 3-7 YEAR TREASURY BO, FIDELITY HIGH DIVIDEND ETF.
Over the last 5 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 1 of 5 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 2025
+8.0%
Q2 2025
+6.3%
Q3 2025
+1.6%
Q4 2025
-2.3%
Q1 2026
+9.1%
Sector allocation
Financials 32%
Technology 26%
Industrials 18%
Energy 9%
Consumer discretionary 9%
Communications 6%
Long book by quarter
What does Independence Financial own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| JPM JPMORGAN CHASE & CO | Financials | 4.0K | $1.2M | 0.4% | -7.3% |
| XOM EXXON MOBIL CORP | Energy | 5.4K | $919K | 0.3% | +10.6% |
| AAPL APPLE INC | Technology | 3.3K | $846K | 0.3% | -37.5% |
| MSFT MICROSOFT CORP | Technology | 2.2K | $831K | 0.2% | -14.1% |
| AVGO BROADCOM INC | Technology | 2.0K | $633K | 0.2% | -3.6% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.3K | $629K | 0.2% | -4.0% |
| CRH CRH PLC | Industrials | 5.3K | $561K | 0.2% | Held |
| MTB M & T BANK CORP | Financials | 2.7K | $560K | 0.2% | +0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 1.3K | $437K | 0.1% | -18.0% |
| INDB INDEPENDENT BANK CORP/MA | Financials | 5.7K | $429K | 0.1% | +0.6% |
| WMT WALMART INC | Consumer discretionary | 3.2K | $403K | 0.1% | -9.4% |
| TD TORONTO-DOMINION BANK | Financials | 4.0K | $378K | 0.1% | Held |
| GE GENERAL ELECTRIC | Industrials | 1.3K | $365K | 0.1% | +1.9% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 6.2K | $310K | 0.1% | +14.0% |
| RTX RTX CORP | Industrials | 1.6K | $304K | 0.1% | +24.6% |
| T AT&T INC | Communications | 10.1K | $294K | 0.1% | +9.9% |
| GEV GE VERNOVA INC | Industrials | 322 | $281K | 0.1% | +2.2% |
| GOOG ALPHABET INC-CL C | Technology | 897 | $257K | 0.1% | +6.0% |
| TSLA TESLA INC | Industrials | 590 | $219K | 0.1% | -0.7% |