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Asset Manager ← All Institutions

INDEPENDENT FINANCIAL GROUP, LLC

12671 HIGH BLUFF DRIVE SUITE 200, SAN DIEGO, CA 92130 • 858-436-3180

Q3 2025 · Filed 2026-05-15
Market Value
$4.1B
+14.8%
Holdings
1,393
+73
New Purchases
146
Added To
632
Closed
81
Reduced
458
Top 10 Concentration
26.4%
Turnover
16.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APP 0.55% 0.11% +0.44% $23M
NVDA 7.60% 7.28% +0.32% $315M
JBBB 0.31% 0.01% +0.30% $13M
AAPL 2.94% 2.69% +0.25% $122M
CGDV 0.36% 0.14% +0.22% $15M
PLTR 1.54% 1.33% +0.20% $64M
TSLA 0.89% 0.71% +0.18% $37M
TSM 0.43% 0.25% +0.18% $18M
GOOG 0.83% 0.66% +0.18% $34M
FDT 0.18% 0.00% +0.18% $7M
GDX 0.29% 0.12% +0.17% $12M
YETH 0.15% 0.00% +0.15% $6M
SBET 0.15% 0.01% +0.14% $6M
GOOGL 0.65% 0.51% +0.13% $27M
QQQI 0.39% 0.27% +0.13% $16M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSTY 0.17% 0.71% -0.54% $7M
AMZN 1.89% 2.14% -0.25% $78M
FSK 0.42% 0.67% -0.24% $18M
SMIG 0.00% 0.22% -0.22% $0
MSTR 0.31% 0.52% -0.21% $13M
NFLX 0.56% 0.76% -0.19% $23M
MSFT 2.13% 2.31% -0.18% $88M
COST 0.76% 0.93% -0.17% $32M
RDVY 0.72% 0.88% -0.16% $30M
BALT 0.16% 0.28% -0.12% $7M
ZALT 0.11% 0.24% -0.12% $5M
GJUN 0.04% 0.15% -0.12% $2M
FTSM 0.10% 0.21% -0.11% $4M
COWZ 0.56% 0.67% -0.11% $23M
VTI 1.11% 1.21% -0.10% $46M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 66.9%
Technology 16.7%
Consumer Cyclical 2.9%
Communication Services 2.8%
Industrials 2.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 75 $1.6B 38.2%
Large Cap 569 $1.5B 35.4%
Mid Cap 302 $581M 14.0%
Small Cap 319 $415M 10.0%
Micro Cap 128 $100M 2.4%

Portfolio Analytics

Avg Market Cap
$67.7B
Median Market Cap
$7.9B
Avg P/E
31.9
Median P/E
22.4
Avg Dividend Yield
0.03%
Avg Beta
0.98
# Stocks
618
# ETFs / Funds
775

Top Holdings (1,393 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.60% 1,685,985 $315M $186.58 $52M +26,074 +1.6%
2 AAPL 2.94% 478,680 $122M $254.63 $25M +5,910 +1.2%
3 AVGO 2.61% 328,051 $108M $329.91 $14M -13,553 -4.0%
4 QQQ 2.55% 176,035 $106M $600.37 $10M +2,930 +1.7%
5 MSFT 2.13% 170,473 $88M $517.95 $5M +3,192 +1.9%
6 PAAA 1.90% 1,524,998 $79M $51.50 $11M +220,487 +16.9%
7 AMZN 1.89% 356,002 $78M $219.57 $1M +4,504 +1.3%
8 SPY 1.70% 105,715 $70M $666.18 $7M +2,743 +2.7%
9 PLTR 1.54% 348,651 $64M $182.42 $16M -4,115 -1.2%
10 IVV 1.48% 91,730 $61M $669.30 $8M +5,760 +6.7%
11 VTI 1.11% 139,688 $46M $328.17 $2M -4,008 -2.8%
12 META 0.94% 53,096 $39M $734.37 $5M +6,768 +14.6%
13 TSLA 0.89% 83,110 $37M $444.72 $11M +2,347 +2.9%
14 GOOG 0.83% 141,447 $34M $243.55 $11M +8,287 +6.2%
15 SPLG 0.81% 426,126 $33M $78.34 $6M +45,802 +12.0%
16 COST 0.76% 34,207 $32M $925.62 -$2M +325 +1.0%
17 XLK 0.73% 107,625 $30M $281.86 $4M +5,340 +5.2%
18 RDVY 0.72% 442,260 $30M $67.26 -$2M -64,228 -12.7%
19 GLD 0.71% 82,386 $29M $355.47 $7M +8,511 +11.5%
20 GOOGL 0.65% 110,162 $27M $243.10 $8M +4,975 +4.7%
21 GARP 0.59% 373,417 $25M $65.64 $2M +1,737 +0.5%
22 NFLX 0.56% 19,491 $23M $1,198.89 -$4M -907 -4.5%
23 COWZ 0.56% 403,092 $23M $57.47 -$1M -37,808 -8.6%
24 BUFR 0.55% 682,753 $23M $33.42 $5M +112,508 +19.7%
25 APP 0.55% 31,738 $23M $718.54 $19M +20,782 +189.7%
26 JAAA 0.52% 422,866 $21M $50.78 $2M +44,950 +11.9%
27 QQQE 0.49% 200,877 $20M $101.61 $293K -3,766 -1.8%
28 SMH 0.46% 58,824 $19M $326.36 $4M +5,963 +11.3%
29 IJH 0.46% 293,050 $19M $65.26 $2M +13,632 +4.9%
30 BRK-B 0.46% 37,955 $19M $502.74 $580K -132 -0.3%
31 VOO 0.45% 30,130 $18M $612.38 $3M +2,715 +9.9%
32 TSM 0.43% 63,457 $18M $279.29 $9M +24,116 +61.3%
33 FSK 0.42% 1,172,728 $18M $14.93 -$7M +13,186 +1.1%
34 BIZD 0.41% 1,141,026 $17M $14.94 $60K +97,582 +9.3%
35 JPST 0.41% 335,270 $17M $50.73 $3M +53,570 +19.0%
36 SPYG 0.40% 159,944 $17M $104.51 $4M +24,849 +18.4%
37 PDI 0.40% 832,440 $16M $19.80 $1M +28,935 +3.6%
38 QQQI 0.39% 299,721 $16M $54.20 $7M +114,859 +62.1%
39 WMT 0.38% 152,706 $16M $103.06 $697K -1,121 -0.7%
40 JEPQ 0.38% 270,093 $16M $57.52 $132K -13,068 -4.6%
41 SDVY 0.37% 405,343 $15M $38.02 $1M +2,165 +0.5%
42 CGDV 0.36% 356,767 $15M $42.03 $10M +229,941 +181.3%
43 ITOT 0.36% 102,550 $15M $145.65 $3M +13,356 +15.0%
44 VUG 0.36% 30,799 $15M $479.61 $2M +1,209 +4.1%
45 VOT 0.35% 49,573 $15M $293.79 $651K +651 +1.3%
46 JPM 0.34% 45,096 $14M $315.43 $1M +512 +1.1%
47 SPDW 0.33% 318,336 $14M $42.79 $5M +99,266 +45.3%
48 IBM 0.33% 47,902 $14M $282.16 $4M +14,169 +42.0%
49 MOAT 0.32% 135,631 $13M $99.11 $925K +2,170 +1.6%
50 CIBR 0.32% 174,775 $13M $76.01 $4M +49,788 +39.8%
51 BIL 0.32% 144,135 $13M $91.75 -$1M -12,147 -7.8%
52 MSTR 0.31% 39,399 $13M $322.21 -$6M -7,002 -15.1%
53 JBBB 0.31% 263,240 $13M $48.17 $12M +258,260 +5185.9%
54 SCHG 0.31% 396,762 $13M $31.91 $2M +15,028 +3.9%
55 BX 0.30% 72,025 $12M $170.85 $3M +8,480 +13.3%
56 JQUA 0.30% 195,541 $12M $62.91 $3M +45,265 +30.1%
57 FETH 0.30% 295,063 $12M $41.55 $2M -116,033 -28.2%
58 TQQQ 0.29% 117,356 $12M $103.40 $3M +3,764 +3.3%
59 VGT 0.29% 16,192 $12M $746.61 $2M +1,723 +11.9%
60 EFV 0.29% 177,251 $12M $67.83 $3M +28,792 +19.4%
61 GDX 0.29% 156,490 $12M $76.40 $8M +72,910 +87.2%
62 SNTH 0.29% 393,724 $12M $30.35 $6M +176,743 +81.5%
63 DYNF 0.28% 197,072 $12M $59.20 $2M +25,328 +14.8%
64 CRWD 0.28% 23,786 $12M $490.38 -$1M -1,380 -5.5%
65 PANW 0.28% 56,054 $11M $203.62 -$137K -388 -0.7%
66 HD 0.28% 28,123 $11M $405.18 $1M -143 -0.5%
67 V 0.27% 32,745 $11M $341.38 -$463K -43 -0.1%
68 XLF 0.27% 206,033 $11M $53.87 $2M +26,289 +14.6%
69 ITA 0.27% 52,984 $11M $209.26 $2M +6,181 +13.2%
70 SLV 0.26% 253,930 $11M $42.37 $6M +100,133 +65.1%
71 KNG 0.26% 217,496 $11M $49.31 $4M +84,203 +63.2%
72 AMD 0.25% 64,242 $10M $161.79 -$316K -11,231 -14.9%
73 ABBV 0.25% 43,829 $10M $231.54 $2M +80 +0.2%
74 NET 0.24% 46,571 $10M $214.59 $2M +7,827 +20.2%
75 SCHD 0.24% 363,286 $10M $27.30 -$2M -92,989 -20.4%
76 SSO 0.24% 87,539 $10M $112.13 $1M -728 -0.8%
77 IAU 0.23% 130,238 $9M $72.77 $2M +7,671 +6.3%
78 SPTM 0.23% 117,148 $9M $80.65 $715K +542 +0.5%
79 RWJ 0.22% 192,664 $9M $48.30 $2M +20,042 +11.6%
80 BND 0.22% 125,031 $9M $74.37 $3M +45,346 +56.9%
81 VYM 0.22% 64,722 $9M $140.95 $831K +2,523 +4.1%
82 UBER 0.22% 91,373 $9M $97.97 $1M +7,550 +9.0%
83 BKNG 0.21% 1,647 $9M $5,399.41 -$2M -208 -11.2%
84 VIG 0.21% 41,114 $9M $215.79 $543K +422 +1.0%
85 VYMI 0.21% 104,011 $9M $84.68 $2M +13,362 +14.7%
86 SGOV 0.21% 86,894 $9M $100.70 $3M +32,733 +60.4%
87 SPYI 0.21% 164,702 $9M $52.30 $1M +22,638 +15.9%
88 VOD 0.21% 738,091 $9M $11.60 -$624K -123,605 -14.3%
89 GE 0.21% 28,316 $9M $300.82 $2M +3,716 +15.1%
90 CGGR 0.21% 193,665 $9M $43.92 $2M +31,597 +19.5%
91 MGK 0.20% 20,960 $8M $402.42 $76K -1,869 -8.2%
92 RSP 0.20% 44,112 $8M $189.70 $1M +4,945 +12.6%
93 XOM 0.20% 73,504 $8M $112.75 $667K +2,812 +4.0%
94 QUAL 0.20% 42,576 $8M $194.50 $267K -1,258 -2.9%
95 SHV 0.20% 74,501 $8M $110.49 -$2M -16,041 -17.7%
96 JEPI 0.20% 142,981 $8M $57.10 $351K +5,538 +4.0%
97 VBK 0.20% 27,155 $8M $297.61 $441K -435 -1.6%
98 SMA 0.19% 212,960 $8M $37.64 -$487K -21,734 -9.3%
99 ICOW 0.19% 218,961 $8M $36.42 $2M +43,844 +25.0%
100 IYW 0.19% 40,558 $8M $195.86 $2M +7,407 +22.3%

New Positions

SymbolValue% Port
FDT $7M 0.18%
YETH $6M 0.15%
GDLC $4M 0.10%
HDGE $3M 0.06%
TBUX $2M 0.06%
RWL $2M 0.06%
BUFQ $2M 0.05%
TOUS $2M 0.05%
ENFR $2M 0.05%
JCPB $2M 0.04%
BMNR $2M 0.04%
CIVI $2M 0.04%
IAUG $1M 0.04%
TVAL $1M 0.04%
DTCR $1M 0.03%

Sold Out Positions

SymbolValue% Port
ESTC —%
TWLO —%
CNP —%
CAVA —%
MFC —%
SBH —%
ETR —%
CRCL —%
EQT —%
KGC —%
TRV —%
MCO —%
BR —%
R —%
CHPT —%
View SEC EDGAR Filings for INDEPENDENT FINANCIAL GROUP, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms