# INDEPENDENT FINANCIAL GROUP, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 275484. Source: https://holderbook.com/funds/275484-independent-financial-group-llc/

- Reported value: $5.3B
- Positions: 1,546
- Weight of the ten largest: 23.7%
- Filed: 2026-07-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $342.6M | 1,712,464 | 6.4% | 6 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $143.1M | 194,302 | 2.7% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $141.6M | 489,353 | 2.6% | 6 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $128.2M | 111,056 | 2.4% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $119.6M | 316,698 | 2.2% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $94.9M | 398,253 | 1.8% | 6 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $91.4M | 122,036 | 1.7% | 6 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $80.5M | 107,744 | 1.5% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $72.0M | 193,067 | 1.3% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $53.9M | 145,608 | 1.0% | 6 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $53.7M | 152,073 | 1.0% | 6 |
| PGIM ETF TR | [PAAA](https://holderbook.com/stocks/PAAA/) | $51.4M | 1,003,376 | 1.0% | 6 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $49.5M | 259,558 | 0.9% | 6 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $47.2M | 98,811 | 0.9% | 6 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $44.7M | 77,002 | 0.8% | 6 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $42.0M | 117,622 | 0.8% | 6 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $40.9M | 62,339 | 0.8% | 6 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $38.3M | 91,049 | 0.7% | 6 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $37.5M | 427,208 | 0.7% | 6 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $35.6M | 15,656 | 0.7% | 4 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $33.8M | 686,551 | 0.6% | 6 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $33.1M | 51,635 | 0.6% | 6 |
| FIRST TR EXCHNG TRADED FD VI | [BUFR](https://holderbook.com/stocks/BUFR/) | $31.9M | 872,837 | 0.6% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $31.8M | 34,019 | 0.6% | 6 |
| ISHARES TR | [GARP](https://holderbook.com/stocks/GARP/) | $30.9M | 374,524 | 0.6% | 6 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $30.3M | 534,418 | 0.6% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $29.9M | 43,560 | 0.6% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $29.3M | 52,096 | 0.5% | 6 |
| FIRST TR EXCHANGE-TRADED FD | [RDVY](https://holderbook.com/stocks/RDVY/) | $29.0M | 357,875 | 0.5% | 6 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $27.1M | 73,460 | 0.5% | 6 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $23.7M | 199,584 | 0.4% | 6 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $22.6M | 293,654 | 0.4% | 6 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $22.0M | 188,200 | 0.4% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $21.6M | 351,960 | 0.4% | 6 |
| PROSHARES TR | [TQQQ](https://holderbook.com/stocks/TQQQ/) | $21.4M | 264,290 | 0.4% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $20.9M | 412,854 | 0.4% | 6 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $20.7M | 68,910 | 0.4% | 6 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $20.3M | 325,573 | 0.4% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $19.8M | 39,608 | 0.4% | 6 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $19.3M | 18,157 | 0.4% | 6 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $19.1M | 603,599 | 0.4% | 6 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $18.7M | 62,654 | 0.3% | 6 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $18.3M | 111,690 | 0.3% | 6 |
| SCHWAB STRATEGIC TR | [SCHG](https://holderbook.com/stocks/SCHG/) | $18.2M | 539,194 | 0.3% | 6 |
| TIDAL TRUST III | [SNTH](https://holderbook.com/stocks/SNTH/) | $18.2M | 612,933 | 0.3% | 5 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $18.1M | 418,522 | 0.3% | 6 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $18.0M | 158,800 | 0.3% | 6 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $17.9M | 263,624 | 0.3% | 6 |
| DIREXION SHARES ETF TRUST | [QQQE](https://holderbook.com/stocks/QQQE/) | $17.7M | 145,174 | 0.3% | 6 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $17.4M | 201,898 | 0.3% | 6 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $17.3M | 56,482 | 0.3% | 6 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $17.2M | 56,777 | 0.3% | 6 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $16.9M | 197,774 | 0.3% | 6 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $16.7M | 14,256 | 0.3% | 6 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $16.5M | 48,369 | 0.3% | 6 |
| BLUEROCK PVT REAL ESTATE FD | [BPRE](https://holderbook.com/stocks/BPRE/) | $16.3M | 1,254,525 | 0.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $16.3M | 21,346 | 0.3% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $16.2M | 13,511 | 0.3% | 6 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $16.2M | 22,350 | 0.3% | 6 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $15.3M | 128,008 | 0.3% | 6 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $15.0M | 204,210 | 0.3% | 6 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $14.5M | 56,813 | 0.3% | 6 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $14.5M | 33,461 | 0.3% | 6 |
| FIRST TR EXCHANGE TRADED FD | [CIBR](https://holderbook.com/stocks/CIBR/) | $14.3M | 159,417 | 0.3% | 6 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $14.3M | 43,575 | 0.3% | 6 |
| FIRST TR EXCH TRD ALPHDX FD | [FDT](https://holderbook.com/stocks/FDT/) | $14.2M | 150,233 | 0.3% | 4 |
| CREDO TECHNOLOGY GROUP HOLDI | [CRDO](https://holderbook.com/stocks/CRDO/) | $14.2M | 52,042 | 0.3% | 5 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $14.1M | 140,190 | 0.3% | 6 |
| BLACKROCK ETF TRUST | [CORO](https://holderbook.com/stocks/CORO/) | $14.0M | 381,932 | 0.3% | 2 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $13.8M | 56,892 | 0.3% | 6 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $13.2M | 94,371 | 0.2% | 6 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $13.1M | 148,916 | 0.2% | 6 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $12.7M | 122,445 | 0.2% | 6 |
| INVESCO EXCH TRADED FD TR II | [RWJ](https://holderbook.com/stocks/RWJ/) | $12.2M | 204,873 | 0.2% | 6 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $12.2M | 77,062 | 0.2% | 6 |
| SMARTSTOP SELF STORAG REIT I | [SMA](https://holderbook.com/stocks/SMA/) | $12.2M | 374,632 | 0.2% | 5 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $12.1M | 39,965 | 0.2% | 4 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $12.1M | 47,935 | 0.2% | 6 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $12.0M | 47,508 | 0.2% | 6 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $12.0M | 717,418 | 0.2% | 6 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $11.8M | 251,018 | 0.2% | 6 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $11.8M | 55,550 | 0.2% | 6 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $11.7M | 141,441 | 0.2% | 6 |
| T ROWE PRICE EXCHANGE-TRADED | [TSPA](https://holderbook.com/stocks/TSPA/) | $11.7M | 245,872 | 0.2% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $11.6M | 98,538 | 0.2% | 6 |
| JANUS DETROIT STR TR | [JAAA](https://holderbook.com/stocks/JAAA/) | $11.5M | 227,639 | 0.2% | 6 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $11.4M | 151,131 | 0.2% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $11.3M | 32,793 | 0.2% | 6 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $11.2M | 209,657 | 0.2% | 6 |
| PROSHARES TR | [SSO](https://holderbook.com/stocks/SSO/) | $11.2M | 166,076 | 0.2% | 6 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $11.0M | 31,227 | 0.2% | 6 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $11.0M | 29,365 | 0.2% | 6 |
| ISHARES U S ETF TR | [NEAR](https://holderbook.com/stocks/NEAR/) | $10.9M | 215,557 | 0.2% | 6 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $10.9M | 119,895 | 0.2% | 6 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $10.8M | 269,167 | 0.2% | 6 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $10.5M | 114,972 | 0.2% | 6 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $10.4M | 76,288 | 0.2% | 6 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $10.4M | 10,783 | 0.2% | 6 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $10.3M | 23,882 | 0.2% | 6 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $10.2M | 114,998 | 0.2% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.7% | +14.8% | -0.2% | 100% |
| Q1 2026 | -3.5% | -4.6% | +1.1% | 100% |
| Q4 2025 | +0.6% | +2.4% | -1.7% | 100% |
| Q3 2025 | +8.0% | +7.8% | +0.1% | 100% |
| Q2 2025 | +11.9% | +10.5% | +1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $5.3B | 1,546 |
| Q1 2026 | $4.5B | 1,447 |
| Q4 2025 | $4.5B | 1,405 |
| Q3 2025 | $4.2B | 1,356 |
| Q2 2025 | $3.6B | 1,286 |
| Q1 2025 | $2.9B | 1,174 |