INDEPENDENT FINANCIAL GROUP, LLC

CIK

275484

Location

SAN DIEGO, CA

Portfolio Value

Mid $2,678,386,374

Diversification

Diversified

Filing Date

Global Rank

#296 / 4,286 ▲ 755

Top Industry

Semiconductors 32.0%

3Y Alpha vs SPY

-2.7%

Period ended 37 days ago

Filed Jul 15, 2026 · 22d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+74.1%

SPY

+78.8%

Annualised alpha

-1.1%

Max drawdown

−22.6%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

719 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

12.8%

−0.4 pts

Top 5

32.7%

+1.3 pts

Top 10

45.3%

+1.0 pts

HHI

320

Diversified+1

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	47.6%	$1,274,689,091	121
Unclassified	11.3%	$302,924,572	25
Financial Services	9.6%	$257,747,581	160
Consumer Cyclical	7.4%	$198,985,202	61
Industrials	6.1%	$164,371,247	90
Communication Services	4.4%	$118,104,898	23
Healthcare	3.5%	$93,837,658	57
Consumer Defensive	3.1%	$83,144,760	30
Real Estate	3.0%	$80,299,213	45
Energy	1.9%	$49,602,814	41
Basic Materials	1.4%	$36,572,837	44
Utilities	0.7%	$18,106,501	22

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
FSCO	FS Credit Opportunities Corp.	+304,604	1,120,115	$5,589,373
ARCC	Ares Capital Corp	+186,965	460,273	$8,528,858
PPLT	abrdn Platinum ETF Trust	+107,561	116,764	$1,649,875
BPRE	Bluerock Private Real Estate Fund	+97,712	1,254,525	$16,321,370
GAB	Gabelli Equity Trust Inc	+78,196	663,866	$3,757,481
HTGC	Hercules Capital, Inc.	+55,109	139,458	$2,199,252
OTF	Blue Owl Technology Finance Corp.	+54,023	144,323	$1,493,743
MRVL	Marvell Technology, Inc.	+45,857	62,654	$18,664,000
CSWC	Capital Southwest Corp	+40,699	59,115	$1,405,163
ATEC	Alphatec Holdings, Inc.	+38,700	78,350	$677,727
TRIN	Trinity Capital Inc.	+36,109	113,135	$2,023,985
RIVN	Rivian Automotive, Inc. / DE	+35,313	108,672	$1,885,459
BE	Bloom Energy Corp	+34,538	39,965	$12,097,405
AOD	abrdn Total Dynamic Dividend Fund	+34,017	141,967	$1,463,679
BITW	Bitwise 10 Crypto Index ETF	+33,936	71,886	$2,701,475
GLW	Corning Inc /Ny	+27,299	56,813	$14,511,744
MU	Micron Technology Inc	+25,781	111,056	$128,190,830
BMNR	Bitmine Immersion Technologies, Inc.	+25,031	264,275	$3,517,500
HPE	Hewlett Packard Enterprise Co	+22,713	43,542	$1,964,179
BKNG	Booking Holdings Inc.	+22,612	23,906	$4,261,005
NVDA	Nvidia Corp	+22,158	1,712,464	$342,646,921
FDUS	FIDUS INVESTMENT Corp	+20,754	51,715	$986,205
CION	CION Investment Corp	+17,820	62,627	$390,166
JPC	Nuveen Preferred & Income Opportunities Fund	+17,398	110,331	$869,408
ASTS	AST SpaceMobile, Inc.	+17,160	114,998	$10,218,722
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PSEC	Prospect Capital Corp	−974,995	2,485,356	$5,741,172
FSK	FS KKR Capital Corp	−636,229	760,481	$7,985,050
VOD	Vodafone Group Public Ltd Co	−507,341	469,207	$6,207,608
NLY	Annaly Capital Management Inc	−224,840	89,907	$2,010,320
RFI	Cohen & Steers Total Return Realty Fund Inc	−210,339	49,156	$556,445
GOOGL	Alphabet Inc.	−142,501	117,622	$42,034,574
PLTR	Palantir Technologies Inc.	−111,414	188,200	$21,957,294
FBRT	Franklin BSP Realty Trust, Inc.	−100,635	32,341	$263,255
T	At&T Inc.	−84,629	121,468	$2,514,387
SLV	iShares Silver Trust	−73,604	209,657	$11,210,359
JQC	Nuveen Credit Strategies Income Fund	−65,098	236,711	$1,150,415
VZ	Verizon Communications Inc	−60,813	136,099	$5,762,431
GNL	Global Net Lease, Inc.	−59,087	198,391	$1,773,615
GDLC	Grayscale CoinDesk Crypto 5 ETF	−53,187	118,960	$3,139,354
BBBY	Bed Bath & Beyond, Inc.	−51,865	240,975	$1,395,245
OPEN	Opendoor Technologies Inc.	−47,200	56,561	$261,311
FSSL	FS Specialty Lending Fund	−45,670	212,854	$2,373,322
OXY	Occidental Petroleum Corp /De/	−44,379	27,927	$1,356,414
NFLX	Netflix Inc	−41,471	128,141	$9,149,267
DVLT	Datavault AI Inc.	−41,000	58,000	$20,300
ETHE	Grayscale Ethereum Staking ETF	−35,076	13,373	$170,639
OBDC	Blue Owl Capital Corp	−33,958	169,347	$1,840,801
USA	Liberty All Star Equity Fund	−32,308	412,818	$2,398,472
MOS	Mosaic Co	−30,032	28,965	$613,768
DOC	Healthpeak Properties, Inc.	−28,713	129,124	$2,763,253
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	33,710	$5,759,690
AGNC	AGNC Investment Corp.	412,690	$4,498,321
HONA	Honeywell Aerospace Inc.	8,319	$1,836,835
MXL	Maxlinear, Inc	13,995	$1,791,779
WPC	W. P. Carey Inc.	21,303	$1,523,164
FIX	Comfort Systems USA Inc	765	$1,516,191
VSH	Vishay Intertechnology Inc	25,303	$1,360,795
TDC	Teradata Corp /De/	36,225	$1,255,196
MCHP	Microchip Technology Inc	12,649	$1,153,588
NVT	nVent Electric plc	6,381	$1,082,281
ADM	Archer-Daniels-Midland Co	13,031	$995,568
MRP	Millrose Properties, Inc.	32,752	$984,197
CLM	Cornerstone Strategic Investment Fund, Inc.	111,901	$845,971
CSTM	Constellium SE	25,499	$812,653
ASX	ASE Technology Holding Co., Ltd.	17,788	$802,594
VIRT	Virtu Financial, Inc.	13,369	$796,391
CASY	Caseys General Stores Inc	940	$747,102
FDXF	FedEx Freight Holding Company, Inc.	4,279	$646,129
THC	Tenet Healthcare Corp	3,443	$644,116
NEXA	Nexa Resources S.A.	51,731	$633,187
ECHO	EchoStar CORP	6,190	$628,285
CNC	Centene Corp	9,720	$623,926
HAS	Hasbro, Inc.	7,404	$611,496
PL	Planet Labs PBC	18,437	$610,817
CAPL	CrossAmerica Partners LP	27,190	$609,599
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FET	Forum Energy Technologies, Inc.	30,451	$1,786,255
CMRE	Costamare Inc.	95,579	$1,615,285
CALM	Cal-Maine Foods Inc	18,481	$1,462,771
KALU	Kaiser Aluminum Corp	9,150	$1,102,666
SON	Sonoco Products Co	19,076	$1,031,820
BHP	BHP Group Ltd	12,467	$906,849
FTI	TechnipFMC plc	12,070	$834,399
PEGA	Pegasystems Inc	19,313	$821,961
SFNC	Simmons First National Corp	36,998	$719,611
NTRS	Northern Trust Corp	5,053	$705,247
AEIS	Advanced Energy Industries Inc	2,151	$694,149
SNA	Snap-on Inc	1,835	$666,508
AA	Alcoa Corp	9,285	$615,874
FUTU	Futu Holdings Ltd	4,381	$599,145
HUT	Hut 8 Corp.	11,950	$560,574
CENX	Century Aluminum Co	8,350	$490,061
ACM	Aecom	5,575	$472,871
AXTI	Axt Inc	8,000	$455,840
WYNN	Wynn Resorts Ltd	4,474	$454,334
SIMO	Silicon Motion Technology CORP	4,035	$453,090
IAG	Iamgold Corp	21,458	$403,839
PRLB	Proto Labs Inc	6,915	$394,293
PCB	Pcb Bancorp	16,225	$364,900
GAIN	Gladstone Investment Corporation\De	24,978	$354,687
GLXY	Galaxy Digital Inc.	18,700	$345,015
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

719 tracked positions · $2,678,386,374 total · 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 719 positions by value · page 1 of 15

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Added	1,712,464	+22,158	$342,646,921	+16.2%	12.79%
QQQ	Invesco Qqq Trust, Series 1	Added	194,302	+9,644	$143,083,992	+34.2%	5.34%
AAPL	Apple Inc. Technology	Reduced	489,353	-2,734	$141,599,184	+13.4%	5.29%
MU	Micron Technology Inc Technology	Added	111,056	+25,781	$128,190,830	+345.0%	4.79%
AVGO	Broadcom Inc. Technology	Added	316,698	+6,577	$119,632,669	+24.6%	4.47%
AMZN	Amazon Com Inc Consumer Cyclical	Added	398,253	+15,173	$94,919,620	+19.0%	3.54%
SPY	Spdr S&P 500 ETF Trust	Added	107,744	+1,659	$80,459,986	+16.6%	3.00%
MSFT	Microsoft Corp Technology	Added	193,067	+7,956	$72,017,852	+5.1%	2.69%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	98,811	+9,776	$47,189,169	+56.8%	1.76%
AMD	Advanced Micro Devices Inc Technology	Added	77,002	+299	$44,731,231	+186.7%	1.67%
GOOGL	Alphabet Inc. Communication Services	Reduced	117,622	-142,501	$42,034,574	−43.7%	1.57%
TSLA	Tesla, Inc. Consumer Cyclical	Added	91,049	+3,260	$38,295,209	+17.3%	1.43%
SNDK	Sandisk Corp Technology	Added	15,656	+9,166	$35,597,516	+763.3%	1.33%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	34,019	-868	$31,823,753	−8.5%	1.19%
META	Meta Platforms, Inc. Communication Services	Reduced	52,096	-5,547	$29,345,155	−11.0%	1.10%
GLD	Spdr Gold Trust	Reduced	73,460	-7,236	$27,061,194	−22.1%	1.01%
PLTR	Palantir Technologies Inc. Technology	Reduced	188,200	-111,414	$21,957,294	−49.9%	0.82%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	39,608	+1,981	$19,819,447	+5.7%	0.74%
CAT	Caterpillar Inc Industrials	Added	18,157	+2,200	$19,335,389	+71.0%	0.72%
MRVL	Marvell Technology, Inc. Technology	Added	62,654	+45,857	$18,664,000	+1021.8%	0.70%
WMT	Walmart Inc. Consumer Defensive	Reduced	158,800	-4,934	$17,985,688	−11.6%	0.67%
GEV	GE Vernova Inc. Industrials	Added	14,256	+674	$16,748,804	+41.3%	0.63%
PANW	Palo Alto Networks Inc Technology	Reduced	48,369	-6,944	$16,494,796	+86.0%	0.62%
BPRE	Bluerock Private Real Estate Fund Financial Services	Added	1,254,525	+97,712	$16,321,370	−15.1%	0.61%
LLY	ELI LILLY & Co Healthcare	Added	13,511	+1,896	$16,205,500	+51.7%	0.61%
AMAT	Applied Materials Inc /De Technology	Added	22,350	+8,122	$16,159,050	+232.3%	0.60%
GLW	Corning Inc /Ny Technology	Added	56,813	+27,299	$14,511,744	+261.6%	0.54%
LRCX	Lam Research Corp Technology	Added	33,461	+11,573	$14,499,655	+210.0%	0.54%
JPM	Jpmorgan Chase & Co Financial Services	Added	43,575	+1,639	$14,263,404	+15.6%	0.53%
CRDO	Credo Technology Group Holding Ltd Technology	Added	52,042	+8,011	$14,152,821	+242.4%	0.53%
INTC	Intel Corp Technology	Added	94,371	+9,183	$13,177,022	+250.5%	0.49%
SMA	SmartStop Self Storage REIT, Inc. Real Estate	Added	374,632	+4,991	$12,175,540	+8.8%	0.45%
BE	Bloom Energy Corp Industrials	Added	39,965	+34,538	$12,097,405	+1545.2%	0.45%
ABBV	AbbVie Inc. Healthcare	Added	47,935	+1,482	$12,062,363	+19.4%	0.45%
PDI	PIMCO Dynamic Income Fund Financial Services	Reduced	717,418	-14,126	$11,980,880	−4.3%	0.45%
CSCO	Cisco Systems, Inc. Technology	Added	98,538	+12,682	$11,574,273	+73.7%	0.43%
V	Visa Inc. Financial Services	Added	32,793	+1,216	$11,250,950	+17.9%	0.42%
SLV	iShares Silver Trust	Reduced	209,657	-73,604	$11,210,359	−41.9%	0.42%
HD	Home Depot, Inc. Consumer Cyclical	Added	31,227	+78	$11,013,138	+7.5%	0.41%
GE	General Electric Co Industrials	Added	29,365	+395	$10,974,581	+33.5%	0.41%
XOM	ExxonMobil Holdings Corp Energy	Reduced	76,288	-19,924	$10,430,095	−36.1%	0.39%
STX	Seagate Technology Holdings plc Technology	Added	10,783	+521	$10,405,595	+158.8%	0.39%
DELL	Dell Technologies Inc. Technology	Added	23,882	+15,952	$10,304,127	+691.7%	0.38%
ASTS	AST SpaceMobile, Inc. Technology	Added	114,998	+17,160	$10,218,722	+26.0%	0.38%
JNJ	Johnson & Johnson Healthcare	Added	38,636	+9,721	$9,812,384	+38.8%	0.37%
IAU	Ishares Gold Trust	Added	125,884	+401	$9,505,500	−14.1%	0.35%
NFLX	Netflix Inc Communication Services	Reduced	128,141	-41,471	$9,149,267	−43.9%	0.34%
IBM	International Business Machines Corp Technology	Reduced	32,302	-21,535	$9,083,645	−30.4%	0.34%
WDC	Western Digital Corp Technology	Reduced	13,435	-1,162	$8,581,203	+117.3%	0.32%
ARCC	Ares Capital Corp Financial Services	Added	460,273	+186,965	$8,528,858	+73.2%	0.32%

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.