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Asset Manager ← All Institutions

Independent Wealth Network Inc.

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

Q4 2025 · Filed 2026-01-26
Market Value
$323M
+5.4%
Holdings
297
+16
New Purchases
21
Added To
155
Closed
17
Reduced
95
Top 10 Concentration
27.5%
Turnover
12.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SLV 2.20% 1.44% +0.76% $7M
CAT 4.62% 4.12% +0.50% $15M
SNTH 0.49% 0.00% +0.49% $2M
XEMD 0.42% 0.15% +0.27% $1M
ZECP 0.15% 0.00% +0.15% $495K
UHT 0.11% 0.00% +0.11% $369K
CLX 0.32% 0.22% +0.10% $1M
QQQ 1.24% 1.15% +0.09% $4M
MEDP 0.09% 0.00% +0.09% $283K
RDFI 1.58% 1.50% +0.09% $5M
GOOG 0.52% 0.43% +0.09% $2M
VGSH 0.09% 0.00% +0.09% $280K
NKE 0.08% 0.00% +0.08% $274K
AVUS 0.08% 0.00% +0.08% $267K
GLD 1.22% 1.15% +0.08% $4M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BUFB 0.00% 0.25% -0.25% $0
BUFR 0.49% 0.69% -0.20% $2M
CRM 0.00% 0.19% -0.19% $0
SGOV 0.39% 0.55% -0.16% $1M
XCCC 0.00% 0.15% -0.15% $0
JPST 3.10% 3.24% -0.14% $10M
META 0.65% 0.77% -0.12% $2M
JMHI 0.00% 0.10% -0.10% $0
CTRA 0.00% 0.10% -0.10% $0
RBLX 0.00% 0.10% -0.10% $0
FLOT 0.68% 0.77% -0.09% $2M
PLTR 0.74% 0.83% -0.09% $2M
FLRT 1.21% 1.30% -0.09% $4M
CVX 1.53% 1.62% -0.09% $5M
MO 0.30% 0.39% -0.09% $985K

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 56 $86M 26.6%
Large Cap 135 $143M 44.3%
Mid Cap 44 $42M 12.9%
Small Cap 47 $40M 12.4%
Micro Cap 15 $12M 3.7%

Portfolio Analytics

Avg Market Cap
$212.0B
Median Market Cap
$25.0B
Avg P/E
33.8
Median P/E
26.7
Avg Dividend Yield
0.02%
Avg Beta
0.87
# Stocks
119
# ETFs / Funds
178

Top Holdings (297 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CAT 4.62% 26,098 $15M $572.87 $2M -433 -1.6%
2 SPYG 4.10% 124,250 $13M $106.70 $567K +2,820 +2.3%
3 SPLG 3.77% 152,138 $12M $80.22 $509K +2,846 +1.9%
4 JPST 3.10% 198,406 $10M $50.59 $80K +2,129 +1.1%
5 SPYV 2.67% 152,032 $9M $56.81 $474K +4,492 +3.0%
6 SLV 2.20% 110,259 $7M $64.42 $3M +6,023 +5.8%
7 ACWI 1.95% 44,595 $6M $141.49 $489K +2,486 +5.9%
8 ILTB 1.91% 124,108 $6M $49.70 $430K +10,458 +9.2%
9 AAPL 1.65% 19,607 $5M $271.87 $345K +26 +0.1%
10 RDFI 1.58% 214,225 $5M $23.91 $529K +25,089 +13.3%
11 NVDA 1.58% 27,322 $5M $186.50 -$6K -21 -0.1%
12 DFUS 1.57% 68,521 $5M $74.17 $177K +811 +1.2%
13 CVX 1.53% 32,376 $5M $152.41 -$24K +446 +1.4%
14 SPAB 1.51% 189,497 $5M $25.75 $402K +16,281 +9.4%
15 MSFT 1.47% 9,819 $5M $483.63 -$4K +643 +7.0%
16 SPYD 1.28% 95,584 $4M $43.25 $241K +7,097 +8.0%
17 VOO 1.27% 6,576 $4M $627.17 $79K -31 -0.5%
18 QQQ 1.24% 6,506 $4M $614.30 $480K +648 +11.1%
19 GLD 1.22% 9,970 $4M $396.29 $436K +80 +0.8%
20 FLRT 1.21% 83,382 $4M $47.14 -$76K -1,147 -1.4%
21 AMZN 1.08% 15,160 $3M $230.82 $246K +344 +2.3%
22 VUG 0.98% 6,528 $3M $487.84 $228K +363 +5.9%
23 USRT 0.88% 50,155 $3M $56.96 $46K +2,284 +4.8%
24 VYM 0.84% 18,871 $3M $143.52 $31K -126 -0.7%
25 BRK-B 0.81% 5,240 $3M $502.62 $19K +40 +0.8%
26 STIP 0.77% 24,484 $3M $102.39 $176K +1,937 +8.6%
27 FJAN 0.76% 47,747 $2M $51.75 -$28K -2,086 -4.2%
28 JEPI 0.75% 42,463 $2M $57.24 $674 -92 -0.2%
29 PLTR 0.74% 13,540 $2M $177.74 -$156K -506 -3.6%
30 BIL 0.72% 25,378 $2M $91.38 -$40K -332 -1.3%
31 PSFF 0.72% 71,640 $2M $32.33 $35K -563 -0.8%
32 FPE 0.69% 122,698 $2M $18.22 -$48K -2,487 -2.0%
33 LQTI 0.69% 110,790 $2M $20.12 $140K +8,416 +8.2%
34 FLOT 0.68% 43,462 $2M $50.86 -$166K -3,053 -6.6%
35 META 0.65% 3,206 $2M $660.13 -$258K -27 -0.8%
36 SPY 0.64% 3,038 $2M $681.91 $180K +198 +7.0%
37 YYY 0.64% 178,945 $2M $11.51 -$66K -1,012 -0.6%
38 QYLD 0.62% 113,225 $2M $17.67 $170K +5,622 +5.2%
39 V 0.62% 5,681 $2M $350.68 $66K +38 +0.7%
40 XLK 0.60% 13,591 $2M $143.97 $85K +6,949 +104.6%
41 JPUS 0.59% 15,514 $2M $123.95 $127K +1,019 +7.0%
42 BND 0.56% 24,507 $2M $74.07 $208K +2,901 +13.4%
43 GOOG 0.52% 5,373 $2M $313.81 $353K -100 -1.8%
44 TSLA 0.51% 3,701 $2M $449.71 $36K +39 +1.1%
45 BKLN 0.51% 78,747 $2M $21.00 $117K +5,317 +7.2%
46 XMMO 0.49% 11,537 $2M $138.47 $270K +1,720 +17.5%
47 BUFR 0.49% 46,335 $2M $34.26 -$541K -17,350 -27.2%
48 AWF 0.49% 148,030 $2M $10.69 -$73K +398 +0.3%
49 SNTH 0.49% 56,931 $2M $27.69 +56,931 NEW
50 AGGY 0.47% 34,840 $2M $44.05 $22K +676 +2.0%
51 BRK-A 0.47% 2 $2M $754,800.00 $1K
52 ITA 0.44% 6,677 $1M $214.69 $63K +129 +2.0%
53 CGUS 0.44% 35,476 $1M $40.23 -$7K -805 -2.2%
54 IAU 0.43% 17,207 $1M $81.17 $69K -1,041 -5.7%
55 QQQM 0.43% 5,494 $1M $252.92 $32K +1 +0.0%
56 SOXX 0.43% 4,584 $1M $301.17 $184K +169 +3.8%
57 DLN 0.42% 15,601 $1M $88.08 $17K +12 +0.1%
58 SECT 0.42% 21,002 $1M $64.53 $40K +125 +0.6%
59 XEMD 0.42% 30,242 $1M $44.58 $903K +20,060 +197.0%
60 KYN 0.42% 108,623 $1M $12.38 $47K +3,706 +3.5%
61 VBK 0.40% 4,313 $1M $302.14 $32K +43 +1.0%
62 SHY 0.40% 15,546 $1M $82.82 -$8K -66 -0.4%
63 PGX 0.39% 112,683 $1M $11.24 -$43K -196 -0.2%
64 SGOV 0.39% 12,522 $1M $100.38 -$439K -4,315 -25.6%
65 GOOGL 0.39% 4,013 $1M $313.03 $290K +40 +1.0%
66 XLE 0.38% 27,329 $1M $44.71 $5K +13,712 +100.7%
67 KR 0.38% 19,549 $1M $62.48 $228K +4,815 +32.7%
68 DVY 0.36% 8,293 $1M $141.14 -$9K -9 -0.1%
69 IVV 0.36% 1,691 $1M $684.93 $120K +139 +9.0%
70 BA 0.35% 5,233 $1M $217.13 $40K +155 +3.0%
71 LGLV 0.35% 6,415 $1M $175.56 -$21K -27 -0.4%
72 VCIT 0.35% 13,447 $1M $83.75 -$9K -53 -0.4%
73 EFA 0.34% 11,381 $1M $96.03 $66K +387 +3.5%
74 XOM 0.34% 9,005 $1M $120.35 $90K +190 +2.2%
75 ARCC 0.33% 53,241 $1M $20.23 $45K +2,673 +5.3%
76 VIG 0.33% 4,834 $1M $219.78 -$8K -125 -2.5%
77 CLX 0.32% 10,251 $1M $100.83 $365K +4,827 +89.0%
78 JCPB 0.32% 21,779 $1M $47.35 $103K +2,252 +11.5%
79 MSI 0.32% 2,690 $1M $383.36 -$191K +17 +0.6%
80 VNQ 0.32% 11,646 $1M $88.49 -$71K -406 -3.4%
81 WINN 0.31% 32,688 $1M $31.10 $85K +2,785 +9.3%
82 HACK 0.31% 12,534 $1M $80.37 -$43K +436 +3.6%
83 JSML 0.31% 13,647 $1M $73.56 -$4K +169 +1.2%
84 CGBL 0.31% 28,065 $992K $35.33 -$1K -533 -1.9%
85 MO 0.30% 17,075 $985K $57.66 -$219K -1,147 -6.3%
86 VTIP 0.30% 19,298 $954K $49.46 -$7K +299 +1.6%
87 AGG 0.29% 9,490 $948K $99.88 $213K +2,155 +29.4%
88 ET 0.29% 56,873 $938K $16.49 -$73K -2,013 -3.4%
89 CME 0.29% 3,387 $925K $273.05 $199K +701 +26.1%
90 IDEV 0.29% 11,198 $924K $82.48 $153K +1,587 +16.5%
91 COST 0.28% 1,062 $916K $862.33 -$51K +18 +1.7%
92 FYC 0.28% 9,342 $898K $96.12 $57K +67 +0.7%
93 SPEM 0.28% 19,146 $896K $46.81 $68K +1,452 +8.2%
94 FEX 0.28% 7,530 $893K $118.62 $88K +638 +9.3%
95 MINT 0.27% 8,852 $888K $100.35 $24K +265 +3.1%
96 IDV 0.27% 22,108 $872K $39.45 $98K +918 +4.3%
97 GCOW 0.27% 20,974 $865K $41.22 -$44K -1,949 -8.5%
98 SCHG 0.27% 26,483 $864K $32.62 $35K +517 +2.0%
99 CASY 0.27% 1,560 $862K $552.57 -$987 +33 +2.2%
100 HON 0.26% 4,309 $841K $195.09 -$41K +120 +2.9%

New Positions

SymbolValue% Port
SNTH $2M 0.49%
ZECP $495K 0.15%
UHT $369K 0.11%
MEDP $283K 0.09%
VGSH $280K 0.09%
NKE $274K 0.08%
AVUS $267K 0.08%
KLAC $245K 0.08%
SHYG $244K 0.08%
AMAT $237K 0.07%
AJG $237K 0.07%
NDAQ $228K 0.07%
SEIV $226K 0.07%
SEIM $224K 0.07%
QUIZ $217K 0.07%

Sold Out Positions

SymbolValue% Port
COWZ —%
IBM —%
FOF —%
BWXT —%
BTQ —%
FAST —%
ADP —%
CTAS —%
CRM —%
XCCC —%
TXN —%
ULTY —%
FDL —%
RBLX —%
BUFB —%
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