INDEPENDENT FINANCIAL GROUP, LLC
Long book
$4.46B
Q1 2026
Positions
1447
Top-10 weight
23%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsINDEPENDENT FINANCIAL GROUP, LLC is a wealth-management firm allocating client money, running a $4.46B US long book across 1447 positions.
The portfolio is broadly diversified across 1447 positions (top 10 only 23%). Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, APPLE INC, INVESCO QQQ TRUST SERIES 1, BROADCOM INC, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 5 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
+5.5%
Q2 2024
+4.7%
Q3 2024
+3.9%
Q4 2024
-5.6%
Q1 2025
+12.6%
Q2 2025
+8.7%
Q3 2025
+1.4%
Q4 2025
-3.1%
Q1 2026
+13.7%
Sector allocation
Technology 54%
Consumer discretionary 10%
Industrials 9%
Financials 6%
Other 4%
Healthcare 4%
Services media 3%
Energy 3%
Long book by quarter
What does INDEPENDENT FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 1.7M | $294.8M | 6.6% | -1.4% |
| AAPL APPLE INC | Technology | 492.1K | $124.9M | 2.8% | -1.1% |
| AVGO BROADCOM INC | Technology | 310.1K | $96.0M | 2.2% | -6.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 383.1K | $79.8M | 1.8% | +2.2% |
| MSFT MICROSOFT CORP | Technology | 185.1K | $68.5M | 1.5% | +0.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 299.6K | $43.8M | 1.0% | -7.1% |
| GOOG ALPHABET INC-CL C | Technology | 141.9K | $40.7M | 0.9% | -1.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 34.9K | $34.8M | 0.8% | -0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 118.2K | $34.0M | 0.8% | -1.4% |
| META META PLATFORMS INC-CLASS A | Technology | 57.6K | $33.0M | 0.7% | -2.8% |
| TSLA TESLA INC | Industrials | 87.8K | $32.6M | 0.7% | +2.8% |
| MU MICRON TECHNOLOGY INC | Technology | 85.3K | $28.8M | 0.6% | -5.4% |
| WMT WALMART INC | Consumer discretionary | 163.7K | $20.3M | 0.5% | +0.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 37.6K | $18.0M | 0.4% | +0.9% |
| XOM EXXON MOBIL CORP | Energy | 96.2K | $16.3M | 0.4% | +35.0% |
| NFLX NETFLIX INC | Services media | 169.6K | $16.3M | 0.4% | +7.7% |
| AMD ADVANCED MICRO DEVICES | Technology | 76.7K | $15.6M | 0.4% | +0.9% |
| FSK FS KKR CAPITAL CORP | — | 1.4M | $14.2M | 0.3% | -9.8% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 53.8K | $13.0M | 0.3% | -13.6% |
| JPM JPMORGAN CHASE & CO | Financials | 41.9K | $12.3M | 0.3% | -13.7% |
| GEV GE VERNOVA INC | Industrials | 13.6K | $11.9M | 0.3% | +23.7% |
| CAT CATERPILLAR INC | Industrials | 16.0K | $11.3M | 0.3% | -0.7% |
| LLY ELI LILLY & CO | Healthcare | 11.6K | $10.7M | 0.2% | -10.5% |
| MSTR STRATEGY INC | Financials | 84.2K | $10.5M | 0.2% | +3.9% |
| HD HOME DEPOT INC | Consumer discretionary | 31.1K | $10.2M | 0.2% | +2.2% |
| ABBV ABBVIE INC | Healthcare | 46.5K | $10.1M | 0.2% | +5.2% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 196.9K | $9.9M | 0.2% | +37.4% |
| CVX CHEVRON CORP | Energy | 46.6K | $9.6M | 0.2% | +53.3% |
| V VISA INC-CLASS A SHARES | Services media | 31.6K | $9.5M | 0.2% | -3.5% |
| PSEC PROSPECT CAPITAL CORP | — | 3.5M | $9.0M | 0.2% | +155.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 15, 2026 | 1447 | $4.46B | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 5, 2026 | 1386 | $3.34B | SEC ↗ | |
| Q4 2025 | 13F-HR | May 15, 2026 | 1405 | $4.48B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | May 15, 2026 | 1356 | $4.17B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | May 15, 2026 | 1286 | $3.63B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 19, 2026 | 1174 | $2.91B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jun 12, 2026 | 1155 | $3.01B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Jun 12, 2026 | 1126 | $2.72B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jun 12, 2026 | 1087 | $2.50B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Jun 12, 2026 | 1016 | $2.18B | canonical | SEC ↗ |