INDEPENDENT FINANCIAL GROUP, LLC

CIK

275484

City

SAN DIEGO

State / Country

CA

Stock

MSD — Morgan Stanley Emerging Markets Debt Fund Inc

Top Portfolio Positions

681 positions · $2,196,321,845 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio	Open
NVDA	Nvidia Corp Technology	1,690,306	$294,789,366	13.42%
AAPL	Apple Inc. Technology	492,087	$124,886,759	5.69%
QQQ	Invesco Qqq Trust, Series 1	184,658	$106,580,904	4.85%
AVGO	Broadcom Inc. Technology	310,121	$95,985,550	4.37%
AMZN	Amazon Com Inc Consumer Cyclical	383,080	$79,784,071	3.63%
SPY	Spdr S&P 500 ETF Trust	106,085	$68,991,318	3.14%
MSFT	Microsoft Corp Technology	185,111	$68,522,538	3.12%
PLTR	Palantir Technologies Inc. Technology	299,614	$43,827,535	2.00%
COST	Costco Wholesale Corp /New Consumer Defensive	34,887	$34,762,453	1.58%
GLD	Spdr Gold Trust	80,696	$34,722,681	1.58%

Portfolio Trend

25 quarters · across all stocks

Holdings in MSD

Compact Export CSV

Shares Held

Position Value (USD)

13 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$165,840	23,624	+90.5%	Shares	Sole	2026-05-15
2025-12-31	$91,658	12,403	-23.3%	Shares	Sole	2026-05-15
2024-06-30	$118,731	16,176	+1.8%	Shares	Sole	2026-06-12
2024-03-31	$114,863	15,887	+1.8%	Shares	Sole	2026-06-12
2023-12-31	$108,503	15,612	+2.0%	Shares	Sole	2026-06-12
2023-09-30	$99,290	15,299	-2.0%	Shares	Sole	2026-06-12
2023-06-30	$100,573	15,617	+1.5%	Shares	Sole	2026-06-12
2023-03-31	$99,111	15,390	+1.1%	Shares	Sole	2026-06-12
2022-12-31	$99,571	15,225	+1.2%	Shares	Sole	2026-06-15
2022-09-30	$92,695	15,048	+1.1%	Shares	Sole	2026-06-15
2022-06-30	$98,376	14,883	-2.7%	Shares	Sole	2026-06-12
2022-03-31	$119,010	15,297	+50.4%	Shares	Sole	2026-06-12
2021-12-31	$91,631	10,170	—	Shares	Sole	2026-06-15
No 13F history on record for this holder in this stock.