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Asset Manager ← All Institutions

Independence Financial Advisors, LLC

402 CENTRAL ST, FRANKLIN, NH 03235 • 800-821-1776

Q3 2025 · Filed 2025-10-24
Market Value
$328M
+27.7%
Holdings
55
+3
New Purchases
4
Added To
33
Closed
2
Reduced
12
Top 10 Concentration
57.4%
Turnover
10.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FUTY 3.32% 0.14% +3.17% $11M
ICVT 3.60% 1.20% +2.40% $12M
FALN 3.82% 1.73% +2.09% $13M
FDVV 4.84% 3.53% +1.31% $16M
IEF 5.63% 4.49% +1.13% $18M
IEI 5.57% 4.49% +1.07% $18M
LQD 5.69% 4.78% +0.91% $19M
FIDU 3.31% 2.53% +0.78% $11M
FTEC 5.28% 4.55% +0.73% $17M
PFF 1.77% 1.21% +0.57% $6M
TSLA 0.08% 0.00% +0.08% $271K
VGT 0.07% 0.00% +0.07% $221K
RTX 0.06% 0.00% +0.06% $211K
GOOG 0.06% 0.00% +0.06% $206K
CRH.L 0.19% 0.19% +0.00% $638K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ISTB 2.26% 5.14% -2.89% $7M
FELG 9.70% 11.96% -2.26% $32M
FELV 9.36% 10.79% -1.44% $31M
IUSG 3.27% 4.34% -1.07% $11M
IUSV 3.64% 4.63% -0.99% $12M
TIP 3.87% 4.68% -0.81% $13M
FNCL 3.40% 4.16% -0.76% $11M
SHY 2.16% 2.90% -0.74% $7M
FENI 3.19% 3.78% -0.59% $10M
FLBL 1.82% 2.19% -0.37% $6M
ANSS 0.00% 0.33% -0.33% $0
FDIS 1.86% 2.14% -0.28% $6M
IJK 1.86% 2.14% -0.28% $6M
FCOM 3.47% 3.69% -0.23% $11M
IJT 1.22% 1.40% -0.18% $4M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 98.0%
Technology 0.7%
Energy 0.3%
Communication Services 0.3%
Industrials 0.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 17 $13M 3.9%
Large Cap 20 $132M 40.2%
Mid Cap 13 $147M 44.9%
Small Cap 5 $36M 11.1%

Portfolio Analytics

Avg Market Cap
$540.7B
Median Market Cap
$31.3B
Avg P/E
45.0
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
21
# ETFs / Funds
34

Top Holdings (55 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 FELG 9.70% 774,768 $32M $41.12 $1M -55,588 -6.7%
2 FELV 9.36% 916,296 $31M $33.53 $3M +42,765 +4.9%
3 LQD 5.69% 167,706 $19M $111.47 $6M +55,522 +49.5%
4 IEF 5.63% 191,564 $18M $96.46 $7M +70,895 +58.8%
5 IEI 5.57% 152,913 $18M $119.51 $7M +55,867 +57.6%
6 FTEC 5.28% 78,035 $17M $222.17 $6M +18,759 +31.6%
7 FDVV 4.84% 285,386 $16M $55.71 $7M +110,834 +63.5%
8 TIP 3.87% 114,232 $13M $111.22 $679K +4,949 +4.5%
9 FALN 3.82% 451,249 $13M $27.78 $8M +287,244 +175.1%
10 IUSV 3.64% 119,689 $12M $99.95 $48K -6,226 -4.9%
11 ICVT 3.60% 118,255 $12M $100.05 $9M +83,886 +244.1%
12 FCOM 3.47% 160,321 $11M $70.97 $2M +13,880 +9.5%
13 FNCL 3.40% 146,296 $11M $76.34 $477K +1,891 +1.3%
14 FUTY 3.32% 192,868 $11M $56.47 $11M +185,792 +2625.7%
15 FIDU 3.31% 132,727 $11M $81.94 $4M +48,777 +58.1%
16 IUSG 3.27% 65,217 $11M $164.54 -$423K -8,943 -12.1%
17 FENI 3.19% 296,478 $10M $35.28 $741K +4,263 +1.5%
18 ISTB 2.26% 151,705 $7M $48.84 -$6M -120,132 -44.2%
19 SHY 2.16% 85,525 $7M $82.96 -$355K -4,386 -4.9%
20 FDIS 1.86% 59,497 $6M $102.87 $609K +903 +1.5%
21 IJK 1.86% 63,635 $6M $95.89 $611K +3,276 +5.4%
22 FLBL 1.82% 248,551 $6M $24.02 $332K +15,855 +6.8%
23 PFF 1.77% 183,828 $6M $31.62 $3M +82,833 +82.0%
24 IJT 1.22% 28,339 $4M $141.50 $406K +1,251 +4.6%
25 VTI 0.93% 9,326 $3M $328.18 $235K +28 +0.3%
26 AAPL 0.51% 6,556 $2M $254.62 $315K -44 -0.7%
27 VOO 0.49% 2,632 $2M $612.35 $121K +8 +0.3%
28 MSFT 0.41% 2,599 $1M $517.95 -$24K -156 -5.7%
29 FHLC 0.39% 19,073 $1M $66.87 -$47K -1,611 -7.8%
30 GLD 0.31% 2,828 $1M $355.47 $143K
31 VIG 0.26% 3,938 $850K $215.79 $7K -182 -4.4%
32 BRK-B 0.22% 1,444 $726K $502.58 $24K
33 AVGO 0.21% 2,123 $700K $329.91 $116K +4 +0.2%
34 HD 0.20% 1,617 $655K $405.27 $63K +3 +0.2%
35 XOM 0.20% 5,782 $652K $112.74 $30K +16 +0.3%
36 CRH.L 0.19% 5,325 $638K $119.89 $151K +18 +0.3%
37 RSP 0.17% 2,961 $562K $189.67 $26K +12 +0.4%
38 MTB 0.16% 2,711 $536K $197.59 -$13K -116 -4.1%
39 JHMM 0.16% 7,960 $515K $64.69 $28K
40 NVDA 0.15% 2,610 $487K $186.58 $75K +3 +0.1%
41 INDB 0.12% 5,626 $389K $69.17 $38K +38 +0.7%
42 GE 0.12% 1,259 $379K $300.84 $55K +1 +0.1%
43 WMT 0.11% 3,560 $367K $103.06 -$4K -237 -6.2%
44 TD 0.10% 4,046 $323K $79.95 $26K
45 FREL 0.10% 11,339 $315K $27.81 $9K +3 +0.0%
46 STIP 0.08% 2,692 $278K $103.38 -$259K -2,533 -48.5%
47 TSLA 0.08% 609 $271K $444.72 +609 NEW
48 T 0.08% 9,295 $262K $28.24 -$5K +42 +0.5%
49 JPM 0.08% 828 $261K $315.36 $42K +72 +9.5%
50 VZ 0.07% 5,457 $240K $43.95 $5K +24 +0.4%
51 VGT 0.07% 296 $221K $746.93 +296 NEW
52 RTX 0.06% 1,261 $211K $167.38 +1,261 NEW
53 GOOG 0.06% 846 $206K $243.45 +846 NEW
54 V —% -$201K -566 -100.0% SOLD
55 ANSS —% -$860K -2,448 -100.0% SOLD

New Positions

SymbolValue% Port
TSLA $271K 0.08%
VGT $221K 0.07%
RTX $211K 0.06%
GOOG $206K 0.06%

Sold Out Positions

SymbolValue% Port
V —%
ANSS —%
View SEC EDGAR Filings for Independence Financial Advisors, LLC →

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