Independent Advisor Alliance
Registered adviserFiling Date
Global Rank
#982
/ 8,817
▼ 470
Top Industry
Semiconductors
23.3%
Period ended 4 months ago
Filed Aug 12, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$17,233,280,665
Main clients
Individuals and high net worth
(95% of AUM)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Apr 2026 to Oct 2026 | $17,233,280,665 | Individuals and high net worth (95%) |
| Apr 2025 to Mar 2026 | $14,074,143,679 | Corporations (63%) |
| Mar 2024 to Mar 2025 | $12,826,908,245 | Individuals and high net worth (96%) |
| May 2023 to Feb 2024 | $10,095,700,130 | Individuals and high net worth (96%) |
| Apr 2023 | $10,095,700,130 | Individuals and high net worth (96%) |
| Apr 2022 to Mar 2023 | $9,830,340,002 | Individuals and high net worth (96%) |
3 earlier changes not shown.
Stated strategy
Wealth management / planning, Multi-asset, Long/short hedge, Private markets, Quantitative / systematic
Form ADV Part 2A, Aug 19, 2026
· original
In the firm's words
- Wealth management / planning:
Independent Advisor Alliance (“IAA,” “we” or “our”) is an SEC-registered investment advisor that provides clients with asset management, retirement, and financial planning services as described below.
- Multi-asset:
Investment strategies, investment selection, asset allocation, portfolio monitoring and the overall investment program will be based on the above factors.
- Long/short hedge:
The investment program utilizes such investment techniques as option transactions, margin transactions, short sales, leverage, and derivatives trading, the use of which can, in certain circumstances, maximize the adverse impact to which a Client may be subject.
- Private markets:
When appropriate for a Client’s objective, risk tolerance and qualifications, IAA recommends the client participate in private issues, such as single purpose vehicles, funds of funds, private equity, and hedge funds.
- Quantitative / systematic:
IAA has developed an investment management program utilizing model investment portfolios provided by third-party model providers to assist IAA in providing discretionary investment management services to its clients.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 41.9%, 36.7 effective positions, active share 34.0% against the Russell 1000 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
19.2% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 21.1 quarters (12+), a floor since 65.4% of the book was already held when coverage starts
Closest benchmark: the Russell 1000 as of 2026-06-30, active share 34.0%; sector active share 11.7% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
1,049 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
11.1%
−0.2 pts
Top 5
30.8%
+0.3 pts
Top 10
41.9%
+0.4 pts
HHI
272
Diversified−38
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 36.5% | $1,553,029,099 |
| Financial Services | 15.0% | $639,961,784 |
| Unclassified | 11.4% | $483,083,899 |
| Consumer Cyclical | 7.3% | $308,792,222 |
| Communication Services | 6.8% | $289,053,487 |
| Industrials | 6.6% | $281,792,064 |
| Healthcare | 5.1% | $218,470,008 |
| Consumer Defensive | 3.9% | $166,923,539 |
| Energy | 3.2% | $135,410,436 |
| Utilities | 1.9% | $81,273,382 |
| Real Estate | 1.2% | $51,552,653 |
| Basic Materials | 1.1% | $46,008,088 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | +271,696 | 2,358,375 | $471,887,253 | |
| PFLT | PennantPark Floating Rate Capital Ltd. | +133,550 | 271,050 | $2,027,454 | |
| INTC | Intel Corp | +109,947 | 196,723 | $27,468,432 | |
| TURB | Turbo Energy, S.A. | +61,145 | 96,478 | $151,470 | |
| NRSN | NeuroSense Therapeutics Ltd. | +50,000 | 100,000 | $72,000 | |
| CCBG | Capital City Bank Group Inc | +44,100 | 50,933 | $2,517,108 | |
| KLAC | Kla Corp | +38,482 | 42,697 | $12,882,111 | |
| DVN | Devon Energy Corp | +37,804 | 54,434 | $2,249,212 | |
| JOBY | Joby Aviation, Inc. | +36,749 | 48,895 | $436,143 | |
| BAC | Bank Of America Corp | +34,723 | 261,818 | $14,918,388 | |
| CAG | Conagra Brands Inc. | +31,823 | 89,437 | $1,203,821 | |
| CPRT | Copart Inc | +31,152 | 64,201 | $1,809,825 | |
| MET | Metlife Inc | +28,861 | 51,684 | $4,372,982 | |
| NOW | ServiceNow, Inc. | +25,678 | 70,036 | $6,953,173 | |
| AMD | Advanced Micro Devices Inc | +25,212 | 286,249 | $166,284,906 | |
| SKOR | FlexShares Credit-Scored US Corporate Bond Index Fund | +24,128 | 62,833 | $3,049,913 | |
| BKNG | Booking Holdings Inc. | +23,949 | 24,916 | $4,441,027 | |
| ARM | Arm Holdings PLC | +20,920 | 23,578 | $8,360,051 | |
| RDW | Redwire Corp | +19,694 | 29,742 | $363,744 | |
| CPB | CAMPBELL'S Co | +18,335 | 33,229 | $740,009 | |
| MU | Micron Technology Inc | +17,578 | 55,437 | $63,990,374 | |
| NMR | Nomura Holdings Inc | +17,559 | 40,360 | $354,360 | |
| PCT | PureCycle Technologies, Inc. | +17,494 | 45,644 | $370,172 | |
| CVNA | Carvana Co. | +16,826 | 21,400 | $1,408,547 | |
| HD | Home Depot, Inc. | +16,502 | 103,377 | $36,458,999 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPYM | State Street(R) SPDR(R) Portfolio S&P 500(R) ETF | −4,139,143 | 339,955 | $29,875,245 | |
| SPYV | State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF | −2,696,058 | 84,129 | $5,114,201 | |
| SPTI | State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF | −2,287,658 | 49,800 | $1,413,822 | |
| SPDW | State Street(R) SPDR(R) Portfolio Developed World ex-US ETF | −2,045,672 | 190,401 | $9,594,306 | |
| SPYG | State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF | −1,813,701 | 27,995 | $3,331,125 | |
| SPAB | State Street(R) SPDR(R) Portfolio Aggregate Bond ETF | −1,763,169 | 13,385 | $341,585 | |
| SPMB | State Street(R) SPDR(R) Portfolio Mortgage Backed Bond ETF | −1,495,866 | 55,587 | $1,240,145 | |
| TBIL | F/m US Treasury 3 Month Bill Fund | −1,143,554 | 66,452 | $3,313,296 | |
| — | −1,136,720 | 35,239 | $2,032,233 | ||
| SCHD | Schwab U.S. Dividend Equity ETF | −919,955 | 95,650 | $3,033,061 | |
| WCMI | First Trust WCM International Equity ETF | −889,754 | 15,872 | $310,615 | |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | −845,342 | 48,275 | $3,308,768 | |
| QQQM | Invesco Ltd. | −809,671 | 31,487 | $9,539,616 | |
| IEFA | iShares Core MSCI EAFE ETF | −724,652 | 35,169 | $3,396,622 | |
| DGRW | WisdomTree U.S. Quality Dividend Growth Fund | −659,681 | 5,198 | $497,032 | |
| SCHG | Schwab U.S. Large-Cap Growth ETF | −635,738 | 111,519 | $3,773,802 | |
| IEMG | iShares Trust | −596,563 | 15,658 | $0 | |
| JPST | JPMorgan Ultra-Short Income ETF | −588,077 | 16,664 | $842,698 | |
| GTO | Invesco Total Return Bond ETF | −584,824 | 28,699 | $1,345,122 | |
| IJH | iShares Core S&P Mid-Cap ETF | −566,065 | 29,950 | $2,309,444 | |
| IQLT | iShares MSCI Intl Quality Factor ETF | −545,949 | 10,862 | $538,212 | |
| RSPT | Victory Portfolios II | −540,754 | 5,000 | $322,500 | |
| SPEM | State Street(R) SPDR(R) Portfolio Emerging Markets ETF | −486,977 | 100,402 | $5,198,815 | |
| IJR | iShares Core S&P Small-Cap ETF | −432,873 | 11,757 | $1,743,680 | |
| QGRO | American Century U.S. Quality Growth ETF | −380,557 | 3,610 | $426,160 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPCX | Space Exploration Technologies Corp | 49,863 | $8,519,591 | |
| HONA | Honeywell Aerospace Inc. | 8,421 | $1,861,713 | |
| MDB | MongoDB, Inc. | 4,402 | $1,478,631 | |
| VEEV | Veeva Systems Inc | 7,467 | $1,325,167 | |
| SWKS | Skyworks Solutions, Inc. | 14,096 | $955,708 | |
| ALAB | Astera Labs, Inc. | 1,929 | $931,745 | |
| SFTY | Horizon Managed Risk ETF | 27,745 | $853,436 | |
| USAR | USA Rare Earth, Inc. | 35,905 | $774,829 | |
| ONTO | Onto Innovation Inc. | 1,988 | $752,358 | |
| BE | Bloom Energy Corp | 2,222 | $672,598 | |
| FDXF | FedEx Freight Holding Company, Inc. | 3,362 | $507,662 | |
| IX | Orix Corp | 12,677 | $482,233 | |
| HELP | Helus Pharma Inc. | 69,933 | $462,257 | |
| SMTC | Semtech Corp | 2,719 | $440,069 | |
| MYRG | Myr Group Inc. | 818 | $409,327 | |
| DECK | Deckers Outdoor Corp | 3,946 | $391,797 | |
| RLI | Rli Corp | 6,552 | $387,026 | |
| TFPM | Triple Flag Precious Metals Corp. | 12,715 | $381,068 | |
| MAS | Masco Corp | 4,406 | $358,515 | |
| G | Genpact LTD | 12,466 | $342,815 | |
| ZOCT | 11,799 | $325,793 | ||
| RVMD | Revolution Medicines, Inc. | 1,679 | $314,442 | |
| IREN | IREN Ltd | 6,722 | $307,396 | |
| MT | ArcelorMittal | 5,000 | $301,099 | |
| CROX | Crocs, Inc. | 2,487 | $300,031 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CGGR | Capital Group Growth ETF | 2,196,342 | $88,270,984 | |
| SPHQ | Invesco S&P 500 Quality ETF | 1,059,017 | $79,627,488 | |
| JBND | JPMorgan Active Bond ETF | 1,429,253 | $76,850,933 | |
| CGDV | Capital Group Dividend Value ETF | 1,742,493 | $74,125,652 | |
| SPTM | State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF | 903,126 | $71,401,140 | |
| FDVV | Fidelity High Dividend ETF | 1,242,887 | $68,657,077 | |
| BUFR | FT Vest Laddered Buffer ETF | 1,282,008 | $43,293,409 | |
| GSY | Invesco Ultra Short Duration ETF | 807,000 | $40,446,840 | |
| SPIB | State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 1,196,285 | $40,123,398 | |
| USFR | WisdomTree Floating Rate Treasury Fund | 769,824 | $38,752,940 | |
| PYLD | 1,403,081 | $36,760,722 | ||
| RDVY | First Trust Rising Dividend Achievers ETF | 523,384 | $35,736,659 | |
| JTEK | JPMorgan U.S. Tech Leaders ETF | 430,289 | $34,225,187 | |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | 824,540 | $32,511,611 | |
| JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | 568,891 | $31,584,827 | |
| RDVI | FT Vest Rising Dividend Achievers Target Income ETF | 1,146,879 | $29,302,758 | |
| SPGM | State Street(R) SPDR(R) Portfolio MSCI Global Stock Market ETF | 370,713 | $28,066,681 | |
| WTV | WisdomTree U.S. Value Fund | 260,832 | $24,708,615 | |
| CGCB | Capital Group Fixed Income ETF Trust | 918,362 | $24,116,186 | |
| JAAA | Janus Henderson AAA CLO ETF | 461,162 | $23,228,729 | |
| — | 104,714 | $21,550,140 | ||
| EEM | iShares MSCI Emerging Markets ETF | 365,205 | $20,739,990 | |
| RWL | Invesco Ltd. | 175,327 | $20,146,825 | |
| AIRR | First Trust Exchange-Traded Fund VI | 181,096 | $20,061,814 | |
| PCEF | Invesco Ltd. | 1,061,903 | $19,985,014 | |
| No positions match the current search. | ||||
1,049 tracked positions ·
$4,255,350,661 total
· filing declares
1,778 positions · $4,270,151,002
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 1,049 positions by value
· page 1 of 21
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Added | 2,358,375 | $471,887,253 | 11.09% | |
| AAPL |
Apple Inc.
Technology
|
Added | 887,758 | $256,881,654 | 6.04% | |
| ABCB |
Ameris Bancorp
Financial Services
|
Added | 2,647,824 | $238,992,593 | 5.62% | |
| AMD |
Advanced Micro Devices Inc
Technology
|
Added | 286,249 | $166,284,906 | 3.91% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 553,994 | $132,038,929 | 3.10% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 310,605 | $115,861,876 | 2.72% | |
| GOOG |
Alphabet Inc.
Communication Services
|
Reduced | 252,853 | $89,340,550 | 2.10% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Added | 239,808 | $85,700,184 | 2.01% | |
| AVGO |
Broadcom Inc.
Technology
|
Reduced | 199,593 | $75,396,255 | 1.77% | |
| MU |
Micron Technology Inc
Technology
|
Added | 55,437 | $63,990,374 | 1.50% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 126,451 | $63,274,815 | 1.49% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 100,396 | $56,552,062 | 1.33% | |
| TSLA |
Tesla, Inc.
Consumer Cyclical
|
Added | 117,483 | $49,413,349 | 1.16% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 41,149 | $49,355,348 | 1.16% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 134,957 | $44,175,473 | 1.04% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 103,377 | $36,458,999 | 0.86% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 251,295 | $34,357,052 | 0.81% | |
| GLD |
Spdr Gold Trust
|
Reduced | 91,032 | $33,534,367 | 0.79% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 31,375 | $33,411,236 | 0.79% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 281,716 | $31,907,153 | 0.75% | |
| SPYM |
State Street(R) SPDR(R) Portfolio S&P 500(R) ETF
|
Reduced | 339,955 | $29,875,245 | 0.70% | |
| INTC |
Intel Corp
Technology
|
Added | 196,723 | $27,468,432 | 0.65% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 75,033 | $25,743,071 | 0.60% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 100,260 | $25,463,032 | 0.60% | |
| COST |
Costco Wholesale Corp
Consumer Defensive
|
Reduced | 24,635 | $23,045,302 | 0.54% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 91,394 | $22,998,385 | 0.54% | |
| MITK |
Mitek Systems Inc
Technology
|
Reduced | 1,137,006 | $22,887,930 | 0.54% | |
| IVV |
iShares Core S&P 500 ETF
|
Reduced | 30,024 | $22,484,673 | 0.53% | |
| LRCX |
Lam Research Corp
Technology
|
Reduced | 45,610 | $19,764,180 | 0.46% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 243,177 | $19,762,994 | 0.46% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 57,614 | $19,647,525 | 0.46% | |
| VTI |
VANGUARD TOTAL STOCK MARKET INDEX FUND
|
Reduced | 51,577 | $19,085,553 | 0.45% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 37,890 | $18,095,126 | 0.43% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 120,177 | $17,622,754 | 0.41% | |
| AMAT |
Applied Materials Inc
Technology
|
Reduced | 24,353 | $17,607,219 | 0.41% | |
| TFC |
Truist Financial Corp
Financial Services
|
Added | 349,770 | $17,425,541 | 0.41% | |
| GEV |
GE Vernova Inc.
Industrials
|
Added | 14,549 | $17,093,037 | 0.40% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 59,333 | $16,685,032 | 0.39% | |
| DUK |
Duke Energy CORP
Utilities
|
Added | 123,435 | $15,624,401 | 0.37% | |
| FTGS |
First Trust Growth Strength ETF
|
Reduced | 419,671 | $15,528,666 | 0.36% | |
| ASML |
Asml Holding NV
Technology
|
Reduced | 7,738 | $15,394,285 | 0.36% | |
| SPG |
Simon Property Group Inc.
Real Estate
|
Reduced | 68,672 | $15,358,492 | 0.36% | |
| NFLX |
Netflix Inc
Communication Services
|
Reduced | 213,561 | $15,248,255 | 0.36% | |
| BAC |
Bank Of America Corp
Financial Services
|
Added | 261,818 | $14,918,388 | 0.35% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Added | 120,603 | $14,166,027 | 0.33% | |
| PLTR |
Palantir Technologies Inc.
Technology
|
Reduced | 121,376 | $14,160,937 | 0.33% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 26,479 | $13,599,614 | 0.32% | |
| CVX |
Chevron Corp
Energy
|
Added | 80,992 | $13,425,233 | 0.32% | |
| MRK |
Merck & Co., Inc.
Healthcare
|
Added | 102,748 | $13,203,117 | 0.31% | |
| SO |
Southern Co
Utilities
|
Added | 137,163 | $13,127,869 | 0.31% |
Showing the top 50 of 1,049 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.