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Asset Manager ← All Institutions

Independent Wealth Network Inc.

2350 NW 128TH ST., URBANDALE, IA 50323 • 515-461-5123

Q3 2025 · Filed 2025-10-15
Market Value
$307M
+13.4%
Holdings
281
+25
New Purchases
30
Added To
151
Closed
5
Reduced
86
Top 10 Concentration
26.6%
Turnover
12.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAT 4.12% 3.80% +0.32% $13M
GCOW 0.30% 0.00% +0.30% $908K
DLN 0.44% 0.22% +0.23% $1M
PKG 0.22% 0.00% +0.22% $680K
QQQM 0.44% 0.23% +0.21% $1M
CRM 0.19% 0.00% +0.19% $594K
SLV 1.44% 1.25% +0.19% $4M
RDFI 1.50% 1.32% +0.17% $5M
FLTR 0.16% 0.00% +0.16% $503K
TLT 0.16% 0.00% +0.16% $499K
JPST 3.24% 3.09% +0.15% $10M
AAPL 1.62% 1.47% +0.15% $5M
XEMD 0.15% 0.00% +0.15% $445K
BUXX 0.14% 0.00% +0.14% $435K
GOOGL 0.31% 0.18% +0.13% $966K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FLRT 1.30% 1.66% -0.35% $4M
PLTR 0.83% 1.14% -0.30% $3M
HD 0.18% 0.38% -0.20% $555K
KR 0.32% 0.51% -0.19% $993K
MSFT 1.55% 1.73% -0.19% $5M
IBB 0.00% 0.16% -0.16% $0
PSFF 0.74% 0.88% -0.14% $2M
DFUS 1.60% 1.72% -0.12% $5M
SOFI 0.00% 0.11% -0.11% $0
FSK 0.09% 0.19% -0.10% $276K
V 0.63% 0.73% -0.10% $2M
SPYD 1.27% 1.37% -0.10% $4M
META 0.77% 0.87% -0.10% $2M
SPYG 4.13% 4.23% -0.09% $13M
AMZN 1.06% 1.15% -0.09% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 74.4%
Technology 6.9%
Industrials 6.9%
Energy 3.4%
Consumer Cyclical 2.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 53 $81M 26.4%
Large Cap 128 $136M 44.4%
Mid Cap 44 $41M 13.5%
Small Cap 43 $38M 12.3%
Micro Cap 13 $11M 3.5%

Portfolio Analytics

Avg Market Cap
$220.0B
Median Market Cap
$25.0B
Avg P/E
34.2
Median P/E
25.8
Avg Dividend Yield
0.02%
Avg Beta
0.87
# Stocks
111
# ETFs / Funds
170

Top Holdings (281 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SPYG 4.13% 121,430 $13M $104.51 $1M +1,386 +1.1%
2 CAT 4.12% 26,531 $13M $477.16 $2M +28 +0.1%
3 SPLG 3.81% 149,292 $12M $78.34 $1M +4,420 +3.0%
4 JPST 3.24% 196,277 $10M $50.73 $2M +31,273 +18.9%
5 SPYV 2.66% 147,540 $8M $55.33 $790K +6,672 +4.7%
6 ACWI 1.90% 42,109 $6M $138.24 $569K +1,265 +3.1%
7 ILTB 1.87% 113,650 $6M $50.49 $458K +6,798 +6.4%
8 NVDA 1.66% 27,343 $5M $186.58 $892K +698 +2.6%
9 AAPL 1.62% 19,581 $5M $254.63 $1M +163 +0.8%
10 CVX 1.62% 31,930 $5M $155.29 $488K +709 +2.3%
11 DFUS 1.60% 67,710 $5M $72.44 $251K -1,728 -2.5%
12 MSFT 1.55% 9,176 $5M $517.97 $59K -260 -2.8%
13 RDFI 1.50% 189,136 $5M $24.28 $1M +38,870 +25.9%
14 SPAB 1.46% 173,216 $4M $25.85 $487K +17,329 +11.1%
15 SLV 1.44% 104,236 $4M $42.37 $1M +1,076 +1.0%
16 VOO 1.32% 6,607 $4M $612.35 $737K +782 +13.4%
17 FLRT 1.30% 84,529 $4M $47.39 -$478K -9,664 -10.3%
18 SPYD 1.27% 88,487 $4M $44.00 $194K +1,311 +1.5%
19 QQQ 1.15% 5,858 $4M $600.33 $254K -56 -0.9%
20 GLD 1.15% 9,890 $4M $355.46 $605K +344 +3.6%
21 AMZN 1.06% 14,816 $3M $219.57 $134K +599 +4.2%
22 VUG 0.96% 6,165 $3M $479.59 $314K +138 +2.3%
23 USRT 0.92% 47,871 $3M $58.72 $310K +3,645 +8.2%
24 VYM 0.87% 18,997 $3M $140.95 $218K +545 +3.0%
25 BRK-B 0.85% 5,200 $3M $502.76 $258K +350 +7.2%
26 PLTR 0.83% 14,046 $3M $182.43 -$516K -8,537 -37.8%
27 FJAN 0.81% 49,833 $2M $50.15 $125K -94 -0.2%
28 JEPI 0.79% 42,555 $2M $57.10 $135K +2,186 +5.4%
29 FLOT 0.77% 46,515 $2M $51.08 $446K +8,691 +23.0%
30 META 0.77% 3,233 $2M $734.43 $21K +44 +1.4%
31 BIL 0.77% 25,710 $2M $91.75 $181K +1,966 +8.3%
32 STIP 0.76% 22,547 $2M $103.36 $45K +336 +1.5%
33 FPE 0.74% 125,185 $2M $18.24 $205K +8,442 +7.2%
34 PSFF 0.74% 72,203 $2M $31.60 -$108K -6,176 -7.9%
35 BUFR 0.69% 63,685 $2M $33.42 $316K +6,689 +11.7%
36 YYY 0.69% 179,957 $2M $11.81 $206K +16,034 +9.8%
37 LQTI 0.68% 102,374 $2M $20.41 $275K +13,134 +14.7%
38 V 0.63% 5,643 $2M $341.40 -$46K +88 +1.6%
39 SPY 0.62% 2,840 $2M $666.16 $144K +12 +0.4%
40 XLK 0.61% 6,642 $2M $281.85 $21K -668 -9.1%
41 QYLD 0.60% 107,603 $2M $17.01 $104K +4,334 +4.2%
42 JPUS 0.59% 14,495 $2M $123.91 $302K +1,851 +14.6%
43 SGOV 0.55% 16,837 $2M $100.70 $430K +4,270 +34.0%
44 AWF 0.54% 147,632 $2M $11.21 $172K +13,174 +9.8%
45 TSLA 0.53% 3,662 $2M $444.67 $396K -218 -5.6%
46 BND 0.52% 21,606 $2M $74.37 $99K +1,124 +5.5%
47 BKLN 0.50% 73,430 $2M $20.93 $235K +11,181 +18.0%
48 AGGY 0.49% 34,164 $2M $44.27 $161K +3,191 +10.3%
49 BRK-A 0.49% 2 $2M $754,200.00 $51K
50 CGUS 0.47% 36,281 $1M $39.54 $189K +2,562 +7.6%
51 ITA 0.45% 6,548 $1M $209.27 -$25K -851 -11.5%
52 QQQM 0.44% 5,493 $1M $247.12 $726K +2,713 +97.6%
53 DLN 0.44% 15,589 $1M $87.03 $770K +8,448 +118.3%
54 GOOG 0.43% 5,473 $1M $243.56 $449K +489 +9.8%
55 IAU 0.43% 18,248 $1M $72.77 $330K +2,250 +14.1%
56 XMMO 0.43% 9,817 $1M $135.22 $216K +1,173 +13.6%
57 SECT 0.43% 20,877 $1M $63.02 $136K +564 +2.8%
58 PGX 0.43% 112,879 $1M $11.60 $160K +9,631 +9.3%
59 KYN 0.42% 104,917 $1M $12.37 -$17K +1,527 +1.5%
60 SHY 0.42% 15,612 $1M $82.96 $139K +1,663 +11.9%
61 VBK 0.41% 4,270 $1M $297.62 $132K +157 +3.8%
62 MSI 0.40% 2,673 $1M $457.29 $82K -40 -1.5%
63 XLE 0.40% 13,617 $1M $89.34 $75K +158 +1.2%
64 MO 0.39% 18,222 $1M $66.06 $119K -282 -1.5%
65 SOXX 0.39% 4,415 $1M $271.11 $201K +241 +5.8%
66 DVY 0.38% 8,302 $1M $142.09 $70K -51 -0.6%
67 LGLV 0.37% 6,442 $1M $178.15 $105K +472 +7.9%
68 VCIT 0.37% 13,500 $1M $84.11 $108K +1,104 +8.9%
69 VNQ 0.36% 12,052 $1M $91.42 $68K +442 +3.8%
70 BA 0.36% 5,078 $1M $215.82 $22K -46 -0.9%
71 VIG 0.35% 4,959 $1M $215.79 $58K +13 +0.3%
72 HACK 0.34% 12,098 $1M $86.80 -$6K -133 -1.1%
73 IVV 0.34% 1,552 $1M $669.21 $69K -9 -0.6%
74 ARCC 0.34% 50,568 $1M $20.41 -$61K +814 +1.6%
75 EFA 0.33% 10,994 $1M $93.37 $54K +109 +1.0%
76 ET 0.33% 58,886 $1M $17.16 -$36K +1,183 +2.0%
77 JSML 0.33% 13,478 $1M $74.78 $263K +2,428 +22.0%
78 XOM 0.32% 8,815 $994K $112.75 $50K +54 +0.6%
79 KR 0.32% 14,734 $993K $67.41 -$392K -4,578 -23.7%
80 CGBL 0.32% 28,598 $993K $34.72 $157K +3,592 +14.4%
81 COST 0.31% 1,044 $967K $926.02 -$68K -2 -0.2%
82 GOOGL 0.31% 3,973 $966K $243.11 $477K +1,197 +43.1%
83 VTIP 0.31% 18,999 $962K $50.63 $14K +140 +0.7%
84 WINN 0.30% 29,903 $932K $31.16 $253K +6,611 +28.4%
85 JCPB 0.30% 19,527 $928K $47.55 $204K +4,132 +26.8%
86 GCOW 0.30% 22,923 $908K $39.62 +22,923 NEW
87 HON 0.29% 4,189 $882K $210.50 -$98K -19 -0.5%
88 MINT 0.28% 8,587 $865K $100.69 -$90K -910 -9.6%
89 CASY 0.28% 1,527 $863K $565.16 $83K -1 -0.1%
90 FYC 0.27% 9,275 $841K $90.72 $192K +1,112 +13.6%
91 SCHG 0.27% 25,966 $829K $31.91 $29K -1,423 -5.2%
92 SPEM 0.27% 17,694 $828K $46.81 $134K +1,456 +9.0%
93 VOT 0.27% 2,787 $819K $293.74 $21K -19 -0.7%
94 FEX 0.26% 6,892 $805K $116.83 $174K +1,151 +20.1%
95 AVGO 0.26% 2,411 $795K $329.91 $171K +147 +6.5%
96 USHY 0.26% 20,796 $786K $37.78 $158K +4,056 +24.2%
97 AAXJ 0.26% 8,584 $783K $91.22 $75K +14 +0.2%
98 EWA 0.25% 28,904 $780K $27.00 $32K +462 +1.6%
99 BUFB 0.25% 21,808 $779K $35.74 $79K +1,148 +5.6%
100 IDV 0.25% 21,190 $775K $36.55 $48K +128 +0.6%

New Positions

SymbolValue% Port
GCOW $908K 0.30%
PKG $680K 0.22%
CRM $594K 0.19%
FLTR $503K 0.16%
TLT $499K 0.16%
XEMD $445K 0.15%
BUXX $435K 0.14%
PANW $314K 0.10%
CTRA $301K 0.10%
SGOL $274K 0.09%
MU $236K 0.08%
ADBE $233K 0.08%
IUSB $229K 0.07%
VAW $225K 0.07%
SNA $225K 0.07%

Sold Out Positions

SymbolValue% Port
INTU —%
IBB —%
IMCG —%
SOFI —%
WBA —%
View SEC EDGAR Filings for Independent Wealth Network Inc. →

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