Independent Wealth Network Inc.
Long book
$336.6M
Q1 2026
Positions
296
Top-10 weight
27%
concentration
Last quarter
+10.0%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsIndependent Wealth Network Inc. is a wealth-management firm allocating client money, running a $336.6M US long book across 296 positions.
The portfolio is moderately concentrated (top 10 ≈ 27% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CATERPILLAR INC, STE STR SPDR PT S&P 500 ETF, JPMORGAN ULTRA-SHORT INCOME, SS SPDR P S&P 500 GROWTH ETF, ISHARES SILVER TRUST.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 4 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
+1.4%
Q2 2024
+6.1%
Q3 2024
+0.8%
Q4 2024
-1.2%
Q1 2025
+7.3%
Q2 2025
+8.1%
Q3 2025
+3.0%
Q4 2025
+0.7%
Q1 2026
+10.0%
Sector allocation
Technology 29%
Industrials 25%
Energy 10%
Consumer discretionary 10%
Financials 7%
Other 5%
Consumer staples 4%
Services media 4%
Long book by quarter
What does Independent Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CAT CATERPILLAR INC | Industrials | 26.1K | $18.5M | 5.5% | +0.1% |
| CVX CHEVRON CORP | Energy | 29.1K | $6.0M | 1.8% | -10.1% |
| AAPL APPLE INC | Technology | 19.6K | $5.0M | 1.5% | +0.2% |
| NVDA NVIDIA CORP | Technology | 26.3K | $4.6M | 1.4% | -3.8% |
| MSFT MICROSOFT CORP | Technology | 11.2K | $4.2M | 1.2% | +14.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 15.6K | $3.2M | 1.0% | +2.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 5.4K | $2.6M | 0.8% | +2.5% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 15.1K | $2.2M | 0.7% | +11.3% |
| META META PLATFORMS INC-CLASS A | Technology | 3.2K | $1.8M | 0.5% | +0.4% |
| V VISA INC-CLASS A SHARES | Services media | 5.7K | $1.7M | 0.5% | +0.7% |
| XOM EXXON MOBIL CORP | Energy | 8.9K | $1.5M | 0.4% | -1.3% |
| GOOG ALPHABET INC-CL C | Technology | 5.1K | $1.5M | 0.4% | -5.3% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 2 | $1.4M | 0.4% | Held |
| TSLA TESLA INC | Industrials | 3.8K | $1.4M | 0.4% | +3.4% |
| GOOGL ALPHABET INC-CL A | Technology | 4.1K | $1.2M | 0.4% | +2.3% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 2.7K | $1.2M | 0.3% | -0.3% |
| ET ENERGY TRANSFER LP | Utilities | 58.8K | $1.1M | 0.3% | +3.4% |
| CASY CASEY'S GENERAL STORES INC | Consumer discretionary | 1.5K | $1.1M | 0.3% | -1.6% |
| MO ALTRIA GROUP INC | Consumer staples | 16.8K | $1.1M | 0.3% | -1.4% |
| CLX CLOROX COMPANY | Other | 10.7K | $1.1M | 0.3% | +4.2% |
| KR KROGER CO | Consumer discretionary | 15.2K | $1.1M | 0.3% | -22.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.1K | $1.1M | 0.3% | +3.3% |
| BA BOEING CO/THE | Industrials | 5.5K | $1.1M | 0.3% | +4.2% |
| CME CME GROUP INC | Financials | 3.4K | $1.0M | 0.3% | +0.1% |
| ARCC ARES CAPITAL CORP | — | 55.5K | $1.0M | 0.3% | +4.2% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 4.4K | $993K | 0.3% | +1.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 301 | $336.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 288 | $327.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 283 | $311.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 16, 2025 | 258 | $274.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 245 | $250.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 17, 2025 | 236 | $246.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 222 | $226.3M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 214 | $214.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ARESTATEMENT | May 20, 2024 | 223 | $213.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 11, 2024 | 39 | $38.2M | SEC ↗ |