Independent Financial Group

SAN DIEGO, CAfiles as INDEPENDENT FINANCIAL GROUP, LLC

$5.3bn in 1,544 US stocks at the end of 30 June 2026. The top 10 are 23.7% of the money. It changed about 14.9% of the portfolio this quarter.

Value

$5.3bn

Stocks

1,544

Top 10 share

23.7%

Turnover

14.9%

What changed this quarter

New

Bought for the first time this quarter.

IsharesEWY
0.2% of the fund
First TR Exchange-Traded FDACYN
0.2% of the fund
Roundhill ETF TrustDRAM
0.1% of the fund
T Rowe Price Exchange-TradedTGRT
0.1% of the fund
Space Exploration TechnologiesSPCX
0.1% of the fund
Pacer FDS TRPATN
<0.1% of the fund
American Centy ETF TRAVLV
<0.1% of the fund
Blackrock ETF TrustIALT
<0.1% of the fund
Direxion Shares ETF TrustMUU
<0.1% of the fund
Calamos ETF TRCAGE
<0.1% of the fund
J P Morgan Exchange Traded FJPHY
<0.1% of the fund
Entrepreneurshares Series TRXOVR
<0.1% of the fund
Vanguard World FDEDV
<0.1% of the fund
KKR
<0.1% of the fund
Invesco Exchange Traded FD TPRN
<0.1% of the fund
Blackrock ETF Trust IIGGOV
<0.1% of the fund
Blackrock ETF TrustPMMF
<0.1% of the fund
Honeywell AerospaceHONA
<0.1% of the fund
First TR Exchng Traded FD VIFMAY
<0.1% of the fund
Honeywell InternationalHON
<0.1% of the fund
Spdr Series TrustXSD
<0.1% of the fund
MaxlinearMXL
<0.1% of the fund
Series Portfolios TRQVOL
<0.1% of the fund
Comfort Systems USAFIX
<0.1% of the fund
Vishay IntertechnologyVSH
<0.1% of the fund

Added

Bought more of a stock they already held.

Invesco QQQ TRQQQ
2.7% of the fund
+5%
Micron TechnologyMU
2.4% of the fund
+30%
BroadcomAVGO
2.2% of the fund
+2%
Amazon.comAMZN
1.8% of the fund
+4%
Ishares TRIVV
1.7% of the fund
+30%
MicrosoftMSFT
1.3% of the fund
+4%
Vanguard Index FDSVTI
1.0% of the fund
+4%
AlphabetGOOG
1.0% of the fund
+7%
Select Sector Spdr TRXLK
0.9% of the fund
+17%
Taiwan Semiconductor ManufacturingTSM
0.9% of the fund
+11%
Vaneck ETF TrustSMH
0.8% of the fund
+6%
TeslaTSLA
0.7% of the fund
+4%
SandiskSNDK
0.7% of the fund
+141%
Capital Group Dividend ValueCGDV
0.6% of the fund
+9%
Ishares TRSOXX
0.6% of the fund
+62%
First TR Exchng Traded FD VIBUFR
0.6% of the fund
+3%
Neos ETF TrustQQQI
0.6% of the fund
+20%
Vanguard Index FDSVOO
0.6% of the fund
+8%
Spdr Series TrustSPYG
0.4% of the fund
+6%
J P Morgan Exchange Traded FJEPQ
0.4% of the fund
+14%
J P Morgan Exchange Traded FJPST
0.4% of the fund
+32%
Berkshire HathawayBRK-B
0.4% of the fund
+5%
CaterpillarCAT
0.4% of the fund
+14%
Schwab Strategic TRSCHD
0.4% of the fund
+42%
Marvell TechnologyMRVL
0.3% of the fund
+273%

Cut

Sold some of their stake.

Pgim ETF TRPAAA
1.0% of the fund
-33%
Spdr Series TrustSPYM
0.7% of the fund
-6%
Costco WholesaleCOST
0.6% of the fund
-2%
Meta PlatformsMETA
0.5% of the fund
-10%
Spdr Gold TRGLD
0.5% of the fund
-9%
Palantir TechnologiesPLTR
0.4% of the fund
-37%
Proshares TRTQQQ
0.4% of the fund
-11%
Ishares TRIWM
0.4% of the fund
-18%
Pacer FDS TRCOWZ
0.4% of the fund
-7%
WalmartWMT
0.3% of the fund
-3%
Direxion Shares ETF TrustQQQE
0.3% of the fund
-17%
Palo Alto NetworksPANW
0.3% of the fund
-13%
CrowdStrike HoldingsCRWD
0.3% of the fund
-6%
Vanguard BD Index FDSBND
0.3% of the fund
-42%
First TR Exchange-Traded FDCIBR
0.3% of the fund
-10%
Vaneck ETF TrustMOAT
0.2% of the fund
-3%
Janus Detroit STR TRJAAA
0.2% of the fund
-57%
Vaneck ETF TrustGDX
0.2% of the fund
-9%
Ishares Silver TRSLV
0.2% of the fund
-26%
Proshares TRSSO
0.2% of the fund
-3%
ExxonMobil HoldingsXOM
0.2% of the fund
-21%
J P Morgan Exchange Traded FJEPI
0.2% of the fund
-4%
Vanguard Whitehall FDSVYMI
0.2% of the fund
-16%
Select Sector Spdr TRXLE
0.2% of the fund
-24%
NetflixNFLX
0.2% of the fund
-24%

Sold out

Sold their entire stake.

Honeywell InternationalHON
-100%
Ishares TRIGEB
-100%
Forum Energy TechnologiesFET
-100%
Ishares TRIAGG
-100%
CostamareCMRE
-100%
Cal-Maine FoodsCALM
-100%
Kaiser AluminumKALU
-100%
Sonoco ProductsSON
-100%
Carnival
-100%
Strategy
-100%
BHP Billiton LimitedBHP
-100%
TechnipFMCFTI
-100%
PegasystemsPEGA
-100%
DuPont de NemoursDD
-100%
First TR Exchng Traded FD VIDHDG
-100%
Simmons First NationalSFNC
-100%
Northern TrustNTRS
-100%
Advanced Energy IndustriesAEIS
-100%
Snap-onSNA
-100%
Fidelity Greenwood Street TRFBUF
-100%
Fidelity Greenwood Street TRFHEQ
-100%
AlcoaAA
-100%
Dimensional ETF TrustDFSD
-100%
Futu HldgsFUTU
-100%
Hut 8HUT
-100%

Holdings

NvidiaNVDA
Share
6.4%
Value
$343m
Shares
1,712,464
Held
Invesco QQQ TRQQQ
Share
2.7%
Value
$143m
Shares
194,302
+5%
AppleAAPL
Share
2.6%
Value
$142m
Shares
489,353
Held
Micron TechnologyMU
Share
2.4%
Value
$128m
Shares
111,056
+30%
BroadcomAVGO
Share
2.2%
Value
$120m
Shares
316,698
+2%
Amazon.comAMZN
Share
1.8%
Value
$95m
Shares
398,253
+4%
Ishares TRIVV
Share
1.7%
Value
$91m
Shares
122,036
+30%
State STR Spdr S&P 500 ETF TSPY
Share
1.5%
Value
$80m
Shares
107,744
Held
MicrosoftMSFT
Share
1.3%
Value
$72m
Shares
193,067
+4%
Vanguard Index FDSVTI
Share
1.0%
Value
$54m
Shares
145,608
+4%
AlphabetGOOG
Share
1.0%
Value
$54m
Shares
152,073
+7%
Pgim ETF TRPAAA
Share
1.0%
Value
$51m
Shares
1,003,376
-33%
Select Sector Spdr TRXLK
Share
0.9%
Value
$49m
Shares
259,558
+17%
Taiwan Semiconductor ManufacturingTSM
Share
0.9%
Value
$47m
Shares
98,811
+11%
Advanced Micro DevicesAMD
Share
0.8%
Value
$45m
Shares
77,002
Held
AlphabetGOOGL
Share
0.8%
Value
$42m
Shares
117,622
Held
Vaneck ETF TrustSMH
Share
0.8%
Value
$41m
Shares
62,339
+6%
TeslaTSLA
Share
0.7%
Value
$38m
Shares
91,049
+4%
Spdr Series TrustSPYM
Share
0.7%
Value
$38m
Shares
427,208
-6%
SandiskSNDK
Share
0.7%
Value
$36m
Shares
15,656
+141%
Capital Group Dividend ValueCGDV
Share
0.6%
Value
$34m
Shares
686,551
+9%
Ishares TRSOXX
Share
0.6%
Value
$33m
Shares
51,635
+62%
First TR Exchng Traded FD VIBUFR
Share
0.6%
Value
$32m
Shares
872,837
+3%
Costco WholesaleCOST
Share
0.6%
Value
$32m
Shares
34,019
-2%
Ishares TRGARP
Share
0.6%
Value
$31m
Shares
374,524
Held
Neos ETF TrustQQQI
Share
0.6%
Value
$30m
Shares
534,418
+20%
Vanguard Index FDSVOO
Share
0.6%
Value
$30m
Shares
43,560
+8%
Meta PlatformsMETA
Share
0.5%
Value
$29m
Shares
52,096
-10%
First TR Exchange Traded FDRDVY
Share
0.5%
Value
$29m
Shares
357,875
Held
Spdr Gold TRGLD
Share
0.5%
Value
$27m
Shares
73,460
-9%
Spdr Series TrustSPYG
Share
0.4%
Value
$24m
Shares
199,584
+6%
Ishares TRIJH
Share
0.4%
Value
$23m
Shares
293,654
Held
Palantir TechnologiesPLTR
Share
0.4%
Value
$22m
Shares
188,200
-37%
J P Morgan Exchange Traded FJEPQ
Share
0.4%
Value
$22m
Shares
351,960
+14%
Proshares TRTQQQ
Share
0.4%
Value
$21m
Shares
264,290
-11%
J P Morgan Exchange Traded FJPST
Share
0.4%
Value
$21m
Shares
412,854
+32%
Ishares TRIWM
Share
0.4%
Value
$21m
Shares
68,910
-18%
Pacer FDS TRCOWZ
Share
0.4%
Value
$20m
Shares
325,573
-7%
Berkshire HathawayBRK-B
Share
0.4%
Value
$20m
Shares
39,608
+5%
CaterpillarCAT
Share
0.4%
Value
$19m
Shares
18,157
+14%
Schwab Strategic TRSCHD
Share
0.4%
Value
$19m
Shares
603,599
+42%
Marvell TechnologyMRVL
Share
0.3%
Value
$19m
Shares
62,654
+273%
Ishares TRITOT
Share
0.3%
Value
$18m
Shares
111,690
Held
Schwab Strategic TRSCHG
Share
0.3%
Value
$18m
Shares
539,194
+21%
Tidal Trust IIISNTH
Share
0.3%
Value
$18m
Shares
612,933
+8%
First TR Exchange Traded FDSDVY
Share
0.3%
Value
$18m
Shares
418,522
Held
WalmartWMT
Share
0.3%
Value
$18m
Shares
158,800
-3%
Blackrock ETF TrustDYNF
Share
0.3%
Value
$18m
Shares
263,624
+7%
Direxion Shares ETF TrustQQQE
Share
0.3%
Value
$18m
Shares
145,174
-17%
Vanguard Index FDSVUG
Share
0.3%
Value
$17m
Shares
201,898
+4%
Vanguard Index FDSVOT
Share
0.3%
Value
$17m
Shares
56,482
Held
Invesco Exch Traded FD TR IIQQQM
Share
0.3%
Value
$17m
Shares
56,777
+36%
Vanguard Star FDSVXUS
Share
0.3%
Value
$17m
Shares
197,774
+125%
GE VernovaGEV
Share
0.3%
Value
$17m
Shares
14,256
+5%
Palo Alto NetworksPANW
Share
0.3%
Value
$16m
Shares
48,369
-13%
Bluerock Private Real Estate FundBPRE
Share
0.3%
Value
$16m
Shares
1,254,525
+8%
CrowdStrike HoldingsCRWD
Share
0.3%
Value
$16m
Shares
21,346
-6%
Eli LillyLLY
Share
0.3%
Value
$16m
Shares
13,511
+16%
Applied MaterialsAMAT
Share
0.3%
Value
$16m
Shares
22,350
+57%
Vanguard World FDVGT
Share
0.3%
Value
$15m
Shares
128,008
+9%
Vanguard BD Index FDSBND
Share
0.3%
Value
$15m
Shares
204,210
-42%
CorningGLW
Share
0.3%
Value
$15m
Shares
56,813
+93%
Lam ResearchLRCX
Share
0.3%
Value
$14m
Shares
33,461
+53%
First TR Exchange-Traded FDCIBR
Share
0.3%
Value
$14m
Shares
159,417
-10%
JPMorgan ChaseJPM
Share
0.3%
Value
$14m
Shares
43,575
+4%
First TR Exch TRD Alphdx FDFDT
Share
0.3%
Value
$14m
Shares
150,233
+20%
Credo Technology Group HoldingCRDO
Share
0.3%
Value
$14m
Shares
52,042
+18%
Ishares TRSGOV
Share
0.3%
Value
$14m
Shares
140,190
+10%
Blackrock ETF TrustCORO
Share
0.3%
Value
$14m
Shares
381,932
+8%
Ishares TRITA
Share
0.3%
Value
$14m
Shares
56,892
Held
IntelINTC
Share
0.2%
Value
$13m
Shares
94,371
+11%
Vanguard World FDMGK
Share
0.2%
Value
$13m
Shares
148,916
+23%
Vaneck ETF TrustMOAT
Share
0.2%
Value
$13m
Shares
122,445
-3%
Invesco Exch Traded FD TR IIRWJ
Share
0.2%
Value
$12m
Shares
204,873
Held
Vanguard Whitehall FDSVYM
Share
0.2%
Value
$12m
Shares
77,062
+7%
SmartStop Self Storage REITSMA
Share
0.2%
Value
$12m
Shares
374,632
Held
Bloom EnergyBE
Share
0.2%
Value
$12m
Shares
39,965
+636%
AbbVieABBV
Share
0.2%
Value
$12m
Shares
47,935
+3%
Ishares TRIYW
Share
0.2%
Value
$12m
Shares
47,508
+111%
PIMCO Dynamic Income FundPDI
Share
0.2%
Value
$12m
Shares
717,418
Held
Capital Group Growth ETFCGGR
Share
0.2%
Value
$12m
Shares
251,018
+13%
Invesco Exchange Traded FD TRSP
Share
0.2%
Value
$12m
Shares
55,550
+9%
IsharesIEMG
Share
0.2%
Value
$12m
Shares
141,441
+27%
T Rowe Price Exchange-TradedTSPA
Share
0.2%
Value
$12m
Shares
245,872
+19%
Cisco SystemsCSCO
Share
0.2%
Value
$12m
Shares
98,538
+15%
Janus Detroit STR TRJAAA
Share
0.2%
Value
$11m
Shares
227,639
-57%
Vaneck ETF TrustGDX
Share
0.2%
Value
$11m
Shares
151,131
-9%
VisaV
Share
0.2%
Value
$11m
Shares
32,793
+4%
Ishares Silver TRSLV
Share
0.2%
Value
$11m
Shares
209,657
-26%
Proshares TRSSO
Share
0.2%
Value
$11m
Shares
166,076
-3%
Home DepotHD
Share
0.2%
Value
$11m
Shares
31,227
Held
General ElectricGE
Share
0.2%
Value
$11m
Shares
29,365
Held
Ishares U S ETF TRNEAR
Share
0.2%
Value
$11m
Shares
215,557
+354%
Spdr Series TrustSPTM
Share
0.2%
Value
$11m
Shares
119,895
Held
Ssga Active ETF TRSRLN
Share
0.2%
Value
$11m
Shares
269,167
+21%
Spdr Series TrustBIL
Share
0.2%
Value
$11m
Shares
114,972
Held
ExxonMobil HoldingsXOM
Share
0.2%
Value
$10m
Shares
76,288
-21%
Seagate Technology HoldingsSTX
Share
0.2%
Value
$10m
Shares
10,783
+5%
Dell TechnologiesDELL
Share
0.2%
Value
$10m
Shares
23,882
+201%
AST SpaceMobileASTS
Share
0.2%
Value
$10m
Shares
114,998
+18%

Company	Share of fund	Value	Shares	Change
NvidiaNVDA	6.4%	$343m	1,712,464	Held
Invesco QQQ TRQQQ	2.7%	$143m	194,302	+5%
AppleAAPL	2.6%	$142m	489,353	Held
Micron TechnologyMU	2.4%	$128m	111,056	+30%
BroadcomAVGO	2.2%	$120m	316,698	+2%
Amazon.comAMZN	1.8%	$95m	398,253	+4%
Ishares TRIVV	1.7%	$91m	122,036	+30%
State STR Spdr S&P 500 ETF TSPY	1.5%	$80m	107,744	Held
MicrosoftMSFT	1.3%	$72m	193,067	+4%
Vanguard Index FDSVTI	1.0%	$54m	145,608	+4%
AlphabetGOOG	1.0%	$54m	152,073	+7%
Pgim ETF TRPAAA	1.0%	$51m	1,003,376	-33%
Select Sector Spdr TRXLK	0.9%	$49m	259,558	+17%
Taiwan Semiconductor ManufacturingTSM	0.9%	$47m	98,811	+11%
Advanced Micro DevicesAMD	0.8%	$45m	77,002	Held
AlphabetGOOGL	0.8%	$42m	117,622	Held
Vaneck ETF TrustSMH	0.8%	$41m	62,339	+6%
TeslaTSLA	0.7%	$38m	91,049	+4%
Spdr Series TrustSPYM	0.7%	$38m	427,208	-6%
SandiskSNDK	0.7%	$36m	15,656	+141%
Capital Group Dividend ValueCGDV	0.6%	$34m	686,551	+9%
Ishares TRSOXX	0.6%	$33m	51,635	+62%
First TR Exchng Traded FD VIBUFR	0.6%	$32m	872,837	+3%
Costco WholesaleCOST	0.6%	$32m	34,019	-2%
Ishares TRGARP	0.6%	$31m	374,524	Held
Neos ETF TrustQQQI	0.6%	$30m	534,418	+20%
Vanguard Index FDSVOO	0.6%	$30m	43,560	+8%
Meta PlatformsMETA	0.5%	$29m	52,096	-10%
First TR Exchange Traded FDRDVY	0.5%	$29m	357,875	Held
Spdr Gold TRGLD	0.5%	$27m	73,460	-9%
Spdr Series TrustSPYG	0.4%	$24m	199,584	+6%
Ishares TRIJH	0.4%	$23m	293,654	Held
Palantir TechnologiesPLTR	0.4%	$22m	188,200	-37%
J P Morgan Exchange Traded FJEPQ	0.4%	$22m	351,960	+14%
Proshares TRTQQQ	0.4%	$21m	264,290	-11%
J P Morgan Exchange Traded FJPST	0.4%	$21m	412,854	+32%
Ishares TRIWM	0.4%	$21m	68,910	-18%
Pacer FDS TRCOWZ	0.4%	$20m	325,573	-7%
Berkshire HathawayBRK-B	0.4%	$20m	39,608	+5%
CaterpillarCAT	0.4%	$19m	18,157	+14%
Schwab Strategic TRSCHD	0.4%	$19m	603,599	+42%
Marvell TechnologyMRVL	0.3%	$19m	62,654	+273%
Ishares TRITOT	0.3%	$18m	111,690	Held
Schwab Strategic TRSCHG	0.3%	$18m	539,194	+21%
Tidal Trust IIISNTH	0.3%	$18m	612,933	+8%
First TR Exchange Traded FDSDVY	0.3%	$18m	418,522	Held
WalmartWMT	0.3%	$18m	158,800	-3%
Blackrock ETF TrustDYNF	0.3%	$18m	263,624	+7%
Direxion Shares ETF TrustQQQE	0.3%	$18m	145,174	-17%
Vanguard Index FDSVUG	0.3%	$17m	201,898	+4%
Vanguard Index FDSVOT	0.3%	$17m	56,482	Held
Invesco Exch Traded FD TR IIQQQM	0.3%	$17m	56,777	+36%
Vanguard Star FDSVXUS	0.3%	$17m	197,774	+125%
GE VernovaGEV	0.3%	$17m	14,256	+5%
Palo Alto NetworksPANW	0.3%	$16m	48,369	-13%
Bluerock Private Real Estate FundBPRE	0.3%	$16m	1,254,525	+8%
CrowdStrike HoldingsCRWD	0.3%	$16m	21,346	-6%
Eli LillyLLY	0.3%	$16m	13,511	+16%
Applied MaterialsAMAT	0.3%	$16m	22,350	+57%
Vanguard World FDVGT	0.3%	$15m	128,008	+9%
Vanguard BD Index FDSBND	0.3%	$15m	204,210	-42%
CorningGLW	0.3%	$15m	56,813	+93%
Lam ResearchLRCX	0.3%	$14m	33,461	+53%
First TR Exchange-Traded FDCIBR	0.3%	$14m	159,417	-10%
JPMorgan ChaseJPM	0.3%	$14m	43,575	+4%
First TR Exch TRD Alphdx FDFDT	0.3%	$14m	150,233	+20%
Credo Technology Group HoldingCRDO	0.3%	$14m	52,042	+18%
Ishares TRSGOV	0.3%	$14m	140,190	+10%
Blackrock ETF TrustCORO	0.3%	$14m	381,932	+8%
Ishares TRITA	0.3%	$14m	56,892	Held
IntelINTC	0.2%	$13m	94,371	+11%
Vanguard World FDMGK	0.2%	$13m	148,916	+23%
Vaneck ETF TrustMOAT	0.2%	$13m	122,445	-3%
Invesco Exch Traded FD TR IIRWJ	0.2%	$12m	204,873	Held
Vanguard Whitehall FDSVYM	0.2%	$12m	77,062	+7%
SmartStop Self Storage REITSMA	0.2%	$12m	374,632	Held
Bloom EnergyBE	0.2%	$12m	39,965	+636%
AbbVieABBV	0.2%	$12m	47,935	+3%
Ishares TRIYW	0.2%	$12m	47,508	+111%
PIMCO Dynamic Income FundPDI	0.2%	$12m	717,418	Held
Capital Group Growth ETFCGGR	0.2%	$12m	251,018	+13%
Invesco Exchange Traded FD TRSP	0.2%	$12m	55,550	+9%
IsharesIEMG	0.2%	$12m	141,441	+27%
T Rowe Price Exchange-TradedTSPA	0.2%	$12m	245,872	+19%
Cisco SystemsCSCO	0.2%	$12m	98,538	+15%
Janus Detroit STR TRJAAA	0.2%	$11m	227,639	-57%
Vaneck ETF TrustGDX	0.2%	$11m	151,131	-9%
VisaV	0.2%	$11m	32,793	+4%
Ishares Silver TRSLV	0.2%	$11m	209,657	-26%
Proshares TRSSO	0.2%	$11m	166,076	-3%
Home DepotHD	0.2%	$11m	31,227	Held
General ElectricGE	0.2%	$11m	29,365	Held
Ishares U S ETF TRNEAR	0.2%	$11m	215,557	+354%
Spdr Series TrustSPTM	0.2%	$11m	119,895	Held
Ssga Active ETF TRSRLN	0.2%	$11m	269,167	+21%
Spdr Series TrustBIL	0.2%	$11m	114,972	Held
ExxonMobil HoldingsXOM	0.2%	$10m	76,288	-21%
Seagate Technology HoldingsSTX	0.2%	$10m	10,783	+5%
Dell TechnologiesDELL	0.2%	$10m	23,882	+201%
AST SpaceMobileASTS	0.2%	$10m	114,998	+18%

Showing the largest 100 of 1,544.

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 47.3% since 30 June 2025.

Where the money is

Technology23.9%

Retail & consumer3.7%

Media & telecom3.1%

Industrials3.1%

Financial services2.7%

Health care1.7%

Everyday goods1.6%

Real estate1.3%

Materials0.7%

Energy0.6%

Utilities0.5%

Other57.3%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.