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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

Q4 2025 · Filed 2026-05-15
Market Value
$4.4B
+6.9%
Holdings
1,453
+60
New Purchases
141
Added To
650
Closed
97
Reduced
482
Top 10 Concentration
25.6%
Turnover
16.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MU 0.58% 0.09% +0.49% $26M
SLV 0.59% 0.26% +0.33% $26M
GOOGL 0.85% 0.65% +0.20% $38M
GOOG 1.02% 0.83% +0.19% $45M
CGDV 0.55% 0.36% +0.19% $25M
SGOV 0.37% 0.21% +0.16% $16M
FTSM 0.24% 0.10% +0.14% $10M
BSCX 0.14% 0.00% +0.14% $6M
QQQI 0.53% 0.39% +0.13% $23M
LLY 0.32% 0.18% +0.13% $14M
QQQ 2.68% 2.55% +0.12% $118M
AMD 0.37% 0.25% +0.12% $16M
AAPL 3.06% 2.94% +0.11% $135M
IUSB 0.15% 0.04% +0.10% $6M
OEF 0.23% 0.13% +0.10% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
APP 0.17% 0.55% -0.38% $7M
NVDA 7.22% 7.60% -0.38% $320M
FETH 0.03% 0.30% -0.27% $1M
PLTR 1.30% 1.54% -0.24% $57M
NFLX 0.33% 0.56% -0.23% $15M
RDVY 0.51% 0.72% -0.21% $22M
PAAA 1.72% 1.90% -0.18% $76M
MSTY 0.00% 0.17% -0.17% $0
SPDW 0.18% 0.33% -0.15% $8M
YETH 0.00% 0.15% -0.15% $0
SBET 0.01% 0.15% -0.14% $235K
BX 0.16% 0.30% -0.14% $7M
CGCB 0.05% 0.18% -0.13% $2M
MSFT 2.01% 2.13% -0.13% $89M
YNDX 0.07% 0.17% -0.11% $3M

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 74 $1.7B 38.6%
Large Cap 591 $1.6B 35.6%
Mid Cap 327 $601M 13.6%
Small Cap 315 $426M 9.6%
Micro Cap 146 $111M 2.5%

Portfolio Analytics

Avg Market Cap
$65.3B
Median Market Cap
$7.6B
Avg P/E
32.5
Median P/E
22.5
Avg Dividend Yield
0.03%
Avg Beta
1.00
# Stocks
644
# ETFs / Funds
809

Top Holdings (1,453 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NVDA 7.22% 1,714,223 $320M $186.50 $5M +28,238 +1.7%
2 AAPL 3.06% 497,431 $135M $271.86 $13M +18,751 +3.9%
3 QQQ 2.68% 192,822 $118M $614.31 $13M +16,787 +9.5%
4 AVGO 2.59% 331,537 $115M $346.10 $7M +3,486 +1.1%
5 MSFT 2.01% 183,529 $89M $483.62 $462K +13,056 +7.7%
6 AMZN 1.95% 374,750 $86M $230.82 $8M +18,748 +5.3%
7 PAAA 1.72% 1,484,575 $76M $51.26 -$2M -40,423 -2.6%
8 SPY 1.68% 108,988 $74M $681.92 $4M +3,273 +3.1%
9 IVV 1.45% 93,411 $64M $684.94 $3M +1,681 +1.8%
10 PLTR 1.30% 322,442 $57M $177.75 -$6M -26,209 -7.5%
11 VTI 1.06% 139,773 $47M $335.27 $1M +85 +0.1%
12 GOOG 1.02% 144,402 $45M $313.80 $11M +2,955 +2.1%
13 META 0.88% 59,334 $39M $660.10 $174K +6,238 +11.8%
14 TSLA 0.87% 85,411 $38M $449.72 $1M +2,301 +2.8%
15 GOOGL 0.85% 119,919 $38M $313.00 $11M +9,757 +8.9%
16 GLD 0.76% 85,046 $34M $396.31 $4M +2,660 +3.2%
17 SPLG 0.74% 407,585 $33M $80.22 -$686K -18,541 -4.3%
18 XLK 0.70% 216,008 $31M $143.97 $764K +108,383 +100.7%
19 COST 0.68% 34,991 $30M $862.32 -$1M +784 +2.3%
20 JAAA 0.61% 537,230 $27M $50.58 $6M +114,364 +27.0%
21 SLV 0.59% 403,492 $26M $64.42 $15M +149,562 +58.9%
22 BUFR 0.58% 754,296 $26M $34.26 $3M +71,543 +10.5%
23 MU 0.58% 90,096 $26M $285.41 $22M +67,252 +294.4%
24 GARP 0.57% 370,196 $25M $68.10 $699K -3,221 -0.9%
25 CGDV 0.55% 561,682 $25M $43.64 $10M +204,915 +57.4%
26 QQQI 0.53% 433,400 $23M $53.86 $7M +133,679 +44.6%
27 TSM 0.52% 76,345 $23M $303.89 $5M +12,888 +20.3%
28 FSK 0.52% 1,548,882 $23M $14.81 $5M +376,154 +32.1%
29 VOO 0.51% 36,038 $23M $627.14 $4M +5,908 +19.6%
30 RDVY 0.51% 323,449 $22M $69.47 -$7M -118,811 -26.9%
31 COWZ 0.50% 369,935 $22M $60.17 -$907K -33,157 -8.2%
32 SMH 0.48% 58,625 $21M $360.13 $2M -199 -0.3%
33 QQQE 0.46% 197,717 $20M $102.31 -$183K -3,160 -1.6%
34 IJH 0.44% 296,838 $20M $66.00 $467K +3,788 +1.3%
35 BIZD 0.44% 1,363,165 $19M $14.18 $2M +222,139 +19.5%
36 SPYG 0.43% 176,800 $19M $106.70 $2M +16,856 +10.5%
37 BRK-B 0.42% 37,303 $19M $502.65 -$331K -652 -1.7%
38 JEPQ 0.42% 318,348 $19M $58.12 $3M +48,255 +17.9%
39 IBM 0.42% 62,299 $18M $296.21 $5M +14,397 +30.1%
40 WMT 0.41% 163,192 $18M $111.41 $2M +10,486 +6.9%
41 GDX 0.37% 192,638 $17M $85.77 $5M +36,148 +23.1%
42 JPST 0.37% 323,909 $16M $50.59 -$622K -11,361 -3.4%
43 SGOV 0.37% 162,836 $16M $100.38 $8M +75,942 +87.4%
44 AMD 0.37% 75,994 $16M $214.16 $6M +11,752 +18.3%
45 DYNF 0.37% 266,408 $16M $60.81 $5M +69,336 +35.2%
46 SNTH 0.36% 577,050 $16M $27.69 $4M +183,326 +46.6%
47 VOT 0.36% 56,834 $16M $279.14 $1M +7,261 +14.7%
48 ITOT 0.36% 106,243 $16M $148.69 $861K +3,693 +3.6%
49 JPM 0.35% 48,573 $16M $322.21 $1M +3,477 +7.7%
50 VUG 0.35% 31,601 $15M $487.87 $645K +802 +2.6%
51 SDVY 0.35% 400,857 $15M $38.32 -$50K -4,486 -1.1%
52 NFLX 0.33% 157,534 $15M $93.76 -$9M +138,043 +708.2%
53 TQQQ 0.32% 265,732 $14M $52.72 $2M +148,376 +126.4%
54 LLY 0.32% 12,975 $14M $1,074.66 $6M +3,192 +32.6%
55 SCHG 0.31% 419,153 $14M $32.62 $1M +22,391 +5.6%
56 MOAT 0.30% 129,055 $13M $103.56 -$77K -6,576 -4.8%
57 IAU 0.30% 164,195 $13M $81.17 $4M +33,957 +26.1%
58 JBBB 0.30% 274,631 $13M $47.70 $420K +11,391 +4.3%
59 CIBR 0.29% 180,982 $13M $71.45 -$353K +6,207 +3.5%
60 PDI 0.29% 729,714 $13M $17.71 -$4M -102,726 -12.3%
61 BND 0.28% 168,944 $13M $74.07 $3M +43,913 +35.1%
62 MSTR 0.28% 81,033 $12M $151.95 -$382K +41,634 +105.7%
63 VOD 0.28% 922,415 $12M $13.21 $4M +184,324 +25.0%
64 EFV 0.27% 168,110 $12M $71.41 -$18K -9,141 -5.2%
65 BIL 0.27% 130,733 $12M $91.38 -$1M -13,402 -9.3%
66 ITA 0.27% 54,866 $12M $214.69 $692K +1,882 +3.5%
67 CRWD 0.26% 24,984 $12M $468.76 $47K +1,198 +5.0%
68 V 0.26% 32,709 $11M $350.71 $293K -36 -0.1%
69 SMA 0.25% 361,586 $11M $30.94 $3M +148,626 +69.8%
70 VGT 0.25% 14,430 $11M $753.79 -$1M -1,762 -10.9%
71 JEPI 0.24% 186,728 $11M $57.24 $3M +43,747 +30.6%
72 XLC 0.24% 90,643 $11M $117.72 $4M +33,948 +59.9%
73 SPYI 0.24% 201,235 $11M $52.53 $2M +36,533 +22.2%
74 QUAL 0.24% 52,906 $11M $198.62 $2M +10,330 +24.3%
75 HD 0.24% 30,477 $10M $344.10 -$908K +2,354 +8.4%
76 JQUA 0.24% 165,619 $10M $63.18 -$2M -29,922 -15.3%
77 FTSM 0.24% 174,352 $10M $59.93 $6M +107,918 +162.4%
78 CGGR 0.23% 231,369 $10M $44.47 $2M +37,704 +19.5%
79 OEF 0.23% 29,443 $10M $342.97 $5M +13,633 +86.2%
80 ABBV 0.23% 44,149 $10M $228.49 -$61K +320 +0.7%
81 SCHD 0.23% 366,754 $10M $27.43 $142K +3,468 +0.9%
82 SSO 0.23% 173,035 $10M $57.92 $206K +85,496 +97.7%
83 IWM 0.23% 40,661 $10M $246.16 $2M +8,358 +25.9%
84 RWJ 0.22% 203,947 $10M $48.72 $631K +11,283 +5.9%
85 VYMI 0.22% 109,482 $10M $90.00 $1M +5,471 +5.3%
86 XLF 0.22% 177,620 $10M $54.77 -$1M -28,413 -13.8%
87 SPTM 0.22% 117,907 $10M $82.50 $279K +759 +0.7%
88 PANW 0.22% 52,642 $10M $184.20 -$2M -3,412 -6.1%
89 VYM 0.22% 66,782 $10M $143.52 $462K +2,060 +3.2%
90 AGNCZ 0.22% 892,471 $10M $10.72 $5M +402,108 +82.0%
91 MGK 0.21% 22,965 $9M $412.76 $1M +2,005 +9.6%
92 SPYV 0.21% 163,190 $9M $56.81 $3M +54,160 +49.7%
93 SRLN 0.21% 224,320 $9M $41.27 $3M +63,272 +39.3%
94 CAT 0.21% 16,072 $9M $572.87 $2M +881 +5.8%
95 QQQM 0.21% 36,283 $9M $252.92 $3M +12,412 +52.0%
96 UYLD 0.21% 177,543 $9M $51.14 $1M +26,799 +17.8%
97 VIG 0.20% 41,071 $9M $219.78 $155K -43 -0.1%
98 FDT 0.20% 111,510 $9M $79.45 $2M +14,940 +15.5%
99 DIA 0.20% 18,236 $9M $480.59 $1M +2,001 +12.3%
100 GE 0.20% 28,164 $9M $308.03 $157K -152 -0.5%

New Positions

SymbolValue% Port
BSCX $6M 0.14%
LITE $3M 0.06%
GIGB $3M 0.06%
NTRA $2M 0.04%
BITW $2M 0.04%
CIEN $1M 0.03%
WBD $1M 0.03%
KALU $1M 0.03%
RL $1M 0.03%
AKRE $1M 0.03%
DFII $1M 0.03%
TPC $1M 0.02%
TEL $1M 0.02%
AOD $979K 0.02%
DIVO $966K 0.02%

Sold Out Positions

SymbolValue% Port
OC —%
WY —%
APD —%
ARE —%
ABR —%
AJG —%
EQR —%
LEU —%
EOG —%
PATH —%
MSI —%
LDOS —%
PMM —%
LVS —%
HPQ —%
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