INDEPENDENT FINANCIAL GROUP, LLC
Filing Date
Global Rank
#1,131
/ 8,586
▼ 25
Top Industry
Semiconductors
25.4%
3Y Alpha vs SPY
-0.5%
Period ended 3 months ago
Filed May 15, 2026 · 32d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+75.9%
SPY
+78.1%
Annualised alpha
-0.5%
Max drawdown
−22.5%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
681 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
13.4%
−0.2 pts
Top 5
31.9%
−1.2 pts
Top 10
43.3%
−2.3 pts
HHI
320
Diversified−18
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 40.3% | $888,789,305 |
| Unclassified | 12.5% | $275,304,325 |
| Financial Services | 11.5% | $253,371,313 |
| Consumer Cyclical | 8.0% | $176,781,068 |
| Communication Services | 5.9% | $129,262,279 |
| Industrials | 5.2% | $113,979,575 |
| Consumer Defensive | 3.9% | $86,085,431 |
| Healthcare | 3.6% | $79,598,200 |
| Real Estate | 3.5% | $76,969,097 |
| Energy | 3.0% | $66,503,182 |
| Basic Materials | 1.8% | $38,574,428 |
| Utilities | 0.8% | $17,769,990 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PSEC | Prospect Capital Corp | +2,105,502 | 3,460,351 | $9,031,516 | |
| BPRE | Bluerock Private Real Estate Fund | +298,028 | 1,156,813 | $19,214,663 | |
| T | At&T Inc. | +81,242 | 206,097 | $5,974,752 | |
| PBR | Petrobras - Petroleo Brasileiro SA | +78,346 | 90,846 | $1,885,054 | |
| OXY | Occidental Petroleum Corp /De/ | +64,590 | 72,306 | $4,699,890 | |
| VOD | Vodafone Group Public Ltd Co | +54,133 | 976,548 | $14,667,750 | |
| VZ | Verizon Communications Inc | +53,603 | 196,912 | $9,884,982 | |
| GAB | Gabelli Equity Trust Inc | +44,167 | 585,670 | $3,279,752 | |
| NREF | NexPoint Real Estate Finance, Inc. | +38,468 | 276,601 | $3,725,815 | |
| ARR | Armour Residential REIT, Inc. | +37,015 | 89,397 | $1,491,141 | |
| BMNR | Bitmine Immersion Technologies, Inc. | +29,425 | 239,244 | $4,732,246 | |
| RFI | Cohen & Steers Total Return Realty Fund Inc | +28,081 | 259,495 | $2,890,774 | |
| ORC | Orchid Island Capital, Inc. | +27,927 | 240,496 | $1,690,686 | |
| RNP | Cohen & Steers REIT & Preferred & Income Fund Inc | +26,936 | 38,334 | $757,479 | |
| FSSL | FS Specialty Lending Fund | +25,813 | 258,524 | $3,234,135 | |
| XOM | Exxon Mobil Corp | +24,936 | 96,212 | $16,323,327 | |
| FETH | Fidelity Ethereum Fund | +24,819 | 65,058 | $1,358,411 | |
| STWD | Starwood Property Trust, Inc. | +24,278 | 317,206 | $5,462,287 | |
| BXMT | Blackstone Mortgage Trust, Inc. | +23,802 | 302,797 | $5,798,562 | |
| UTF | Cohen & Steers Infrastructure Fund Inc | +23,487 | 117,507 | $3,041,081 | |
| B | Barrick Mining Corp | +21,492 | 69,440 | $2,832,457 | |
| VICI | Vici Properties Inc. | +20,918 | 63,305 | $1,729,492 | |
| FDUS | FIDUS INVESTMENT Corp | +19,911 | 30,961 | $539,340 | |
| CVX | Chevron Corp | +16,193 | 46,563 | $9,633,884 | |
| HTGC | Hercules Capital, Inc. | +16,059 | 84,349 | $1,245,834 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CION | CION Investment Corp | −181,542 | 44,807 | $306,479 | |
| FSK | FS KKR Capital Corp | −152,172 | 1,396,710 | $14,218,507 | |
| SAN | Banco Santander, S.A. | −121,566 | 41,420 | $467,217 | |
| SLV | iShares Silver Trust | −120,231 | 283,261 | $19,301,404 | |
| PKST | Peakstone Realty Trust | −87,958 | 21,490 | $448,926 | |
| SOFI | SoFi Technologies, Inc. | −73,208 | 93,658 | $1,487,289 | |
| JQC | Nuveen Credit Strategies Income Fund | −60,046 | 301,809 | $1,469,809 | |
| FBRT | Franklin BSP Realty Trust, Inc. | −55,580 | 132,976 | $1,128,966 | |
| TRIN | Trinity Capital Inc. | −47,670 | 77,026 | $1,133,052 | |
| REAL | TheRealReal, Inc. | −44,237 | 97,500 | $885,300 | |
| IAU | Ishares Gold Trust | −38,712 | 125,483 | $11,062,581 | |
| USA | Liberty All Star Equity Fund | −32,680 | 445,126 | $2,470,449 | |
| WBD | Warner Bros. Discovery, Inc. | −29,795 | 20,363 | $559,167 | |
| OPEN | Opendoor Technologies Inc. | −26,523 | 103,761 | $485,601 | |
| ETHA | iShares Ethereum Trust ETF | −25,053 | 11,453 | $181,300 | |
| EPD | Enterprise Products Partners L.P. | −23,923 | 168,864 | $6,389,813 | |
| NVDA | Nvidia Corp | −23,917 | 1,690,306 | $294,789,366 | |
| PLTR | Palantir Technologies Inc. | −22,828 | 299,614 | $43,827,535 | |
| HOOD | Robinhood Markets, Inc. | −22,116 | 9,814 | $680,110 | |
| AVGO | Broadcom Inc. | −21,416 | 310,121 | $95,985,550 | |
| PSLV | Sprott Physical Silver Trust | −21,187 | 42,715 | $1,041,818 | |
| DOC | Healthpeak Properties, Inc. | −20,515 | 157,837 | $2,593,261 | |
| FCX | Freeport-Mcmoran Inc | −18,863 | 115,004 | $6,759,935 | |
| ARCC | Ares Capital Corp | −17,920 | 273,308 | $4,925,010 | |
| AFRM | Affirm Holdings, Inc. | −16,240 | 16,512 | $756,579 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| 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 | |
| OTF | Blue Owl Technology Finance Corp. | 90,300 | $1,118,817 | |
| WY | Weyerhaeuser Co | 37,568 | $917,786 | |
| BHP | BHP Group Ltd | 12,467 | $906,849 | |
| AAOI | Applied Optoelectronics, Inc. | 9,973 | $843,616 | |
| 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 | |
| AA | Alcoa Corp | 9,285 | $615,874 | |
| PSIX | Power Solutions International, Inc. | 8,773 | $534,100 | |
| RLTY | Cohen & Steers Real Estate Opportunities & Income Fund | 36,191 | $526,217 | |
| AZN | Astrazeneca PLC | 2,668 | $526,182 | |
| CE | Celanese Corp | 7,660 | $503,798 | |
| JBL | Jabil Inc | 1,871 | $496,993 | |
| CENX | Century Aluminum Co | 8,350 | $490,061 | |
| ACM | Aecom | 5,575 | $472,871 | |
| SQM | Chemical & Mining Co Of Chile Inc | 5,835 | $472,284 | |
| AXTI | Axt Inc | 8,000 | $455,840 | |
| SIMO | Silicon Motion Technology CORP | 4,035 | $453,090 | |
| PTEN | Patterson Uti Energy Inc | 37,657 | $407,825 | |
| CSWC | Capital Southwest Corp | 18,416 | $407,361 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| AGNC | AGNC Investment Corp. | 892,471 | $9,567,289 | |
| ECC | Eagle Point Credit Co | 314,636 | $1,812,303 | |
| PAAS | Pan American Silver Corp | 22,141 | $1,147,125 | |
| TPC | Tutor Perini Corp | 16,061 | $1,076,408 | |
| WPC | W. P. Carey Inc. | 16,161 | $1,040,121 | |
| TXRH | Texas Roadhouse, Inc. | 6,148 | $1,020,568 | |
| DAVE | Dave Inc./DE | 4,355 | $964,240 | |
| ETH | Grayscale Ethereum Staking Mini ETF | 27,576 | $773,782 | |
| INSM | INSMED Inc | 4,113 | $715,826 | |
| THC | Tenet Healthcare Corp | 3,571 | $709,629 | |
| AU | AngloGold Ashanti PLC | 7,212 | $615,039 | |
| PLTM | GraniteShares Platinum Trust | 30,523 | $602,218 | |
| NRIM | Northrim Bancorp Inc | 22,575 | $600,720 | |
| SIVR | abrdn Silver ETF Trust | 8,308 | $561,953 | |
| PALL | abrdn Palladium ETF Trust | 3,639 | $529,037 | |
| MC | Moelis & Co | 7,461 | $512,869 | |
| PRIM | Primoris Services Corp | 3,850 | $477,939 | |
| EBAY | Ebay Inc | 5,163 | $449,697 | |
| TREE | LendingTree, Inc. | 7,970 | $423,127 | |
| PAYC | Paycom Software, Inc. | 2,405 | $383,260 | |
| WDAY | Workday, Inc. | 1,767 | $379,516 | |
| EHC | Encompass Health Corp | 3,544 | $376,160 | |
| GXRP | Grayscale XRP Trust ETF | 10,000 | $355,000 | |
| EXAS | EXACT SCIENCES CORP | 3,465 | $351,905 | |
| EL | Estee Lauder Companies Inc | 3,222 | $337,407 | |
| No positions match the current search. | ||||
40 positions ·
$76,969,097 total
· Real Estate only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SMA |
SmartStop Self Storage REIT, Inc.
Real Estate
|
Added | 369,641 | $11,192,729 | 14.54% | |
| NLY |
Annaly Capital Management Inc
Real Estate
|
Added | 314,747 | $6,656,899 | 8.65% | |
| BXMT |
Blackstone Mortgage Trust, Inc.
Real Estate
|
Added | 302,797 | $5,798,562 | 7.53% | |
| AHR |
American Healthcare REIT, Inc.
Real Estate
|
Reduced | 118,962 | $5,610,247 | 7.29% | |
| STWD |
Starwood Property Trust, Inc.
Real Estate
|
Added | 317,206 | $5,462,287 | 7.10% | |
| SBRA |
Sabra Health Care REIT, Inc.
Real Estate
|
Added | 245,647 | $4,723,791 | 6.14% | |
| NREF |
NexPoint Real Estate Finance, Inc.
Real Estate
|
Added | 276,601 | $3,725,815 | 4.84% | |
| O |
Realty Income Corp
Real Estate
|
Added | 55,721 | $3,409,010 | 4.43% | |
| PECO |
Phillips Edison & Company, Inc.
Real Estate
|
Reduced | 77,710 | $2,907,908 | 3.78% | |
| DOC |
Healthpeak Properties, Inc.
Real Estate
|
Reduced | 157,837 | $2,593,261 | 3.37% | |
| WELL |
Welltower Inc.
Real Estate
|
Added | 12,743 | $2,519,418 | 3.27% | |
| GNL |
Global Net Lease, Inc.
Real Estate
|
Reduced | 257,478 | $2,409,994 | 3.13% | |
| VICI |
Vici Properties Inc.
Real Estate
|
Added | 63,305 | $1,729,492 | 2.25% | |
| ORC |
Orchid Island Capital, Inc.
Real Estate
|
Added | 240,496 | $1,690,686 | 2.20% | |
| ARR |
Armour Residential REIT, Inc.
Real Estate
|
Added | 89,397 | $1,491,141 | 1.94% | |
| PLD |
Prologis, Inc.
Real Estate
|
Added | 11,062 | $1,462,175 | 1.90% | |
| RITM |
Rithm Capital Corp.
Real Estate
|
Added | 149,966 | $1,421,677 | 1.85% | |
| FBRT |
Franklin BSP Realty Trust, Inc.
Real Estate
|
Reduced | 132,976 | $1,128,966 | 1.47% | |
| SPG |
Simon Property Group Inc.
Real Estate
|
Added | 5,716 | $1,066,205 | 1.39% | |
| IRM |
Iron Mountain Inc
Real Estate
|
Reduced | 9,145 | $934,070 | 1.21% | |
| WY |
Weyerhaeuser Co
Real Estate
|
NEW | 37,568 | $917,786 | 1.19% | |
| MAA |
Mid America Apartment Communities Inc.
Real Estate
|
Reduced | 6,316 | $771,309 | 1.00% | |
| IRT |
Independence Realty Trust, Inc.
Real Estate
|
Reduced | 48,395 | $720,601 | 0.94% | |
| EPR |
Epr Properties
Real Estate
|
Reduced | 13,293 | $664,118 | 0.86% | |
| IVT |
InvenTrust Properties Corp.
Real Estate
|
Reduced | 19,951 | $607,707 | 0.79% | |
| NHI |
National Health Investors Inc
Real Estate
|
Added | 7,443 | $601,840 | 0.78% | |
| OHI |
Omega Healthcare Investors Inc
Real Estate
|
Added | 13,618 | $596,740 | 0.78% | |
| SILA |
Sila Realty Trust, Inc.
Real Estate
|
Added | 23,194 | $549,233 | 0.71% | |
| PSA |
Public Storage
Real Estate
|
Added | 2,021 | $547,448 | 0.71% | |
| OPEN |
Opendoor Technologies Inc.
Real Estate
|
Reduced | 103,761 | $485,601 | 0.63% | |
| PKST |
Peakstone Realty Trust
Real Estate
|
Reduced | 21,490 | $448,926 | 0.58% | |
| AMT |
American Tower Corp /Ma/
Real Estate
|
Added | 1,839 | $317,374 | 0.41% | |
| DX |
Dynex Capital Inc
Real Estate
|
Added | 23,507 | $299,949 | 0.39% | |
| DLR |
Digital Realty Trust, Inc.
Real Estate
|
Reduced | 1,612 | $290,498 | 0.38% | |
| EXR |
Extra Space Storage Inc.
Real Estate
|
Added | 2,157 | $282,847 | 0.37% | |
| BRSP |
BrightSpire Capital, Inc.
Real Estate
|
Reduced | 48,212 | $269,987 | 0.35% | |
| EQIX |
Equinix Inc
Real Estate
|
NEW | 247 | $242,119 | 0.31% | |
| CIM |
Chimera Investment Corp
Real Estate
|
Reduced | 14,063 | $176,490 | 0.23% | |
| ARI |
Apollo Commercial Real Estate Finance, Inc.
Real Estate
|
Reduced | 11,650 | $123,024 | 0.16% | |
| MPT |
Medical Properties Trust Inc
Real Estate
|
Added | 26,170 | $121,167 | 0.16% |