Independent Family Office, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), Independent Family Office, LLC reported 71 stock positions worth $192.5 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 14.5% of the portfolio, followed by PTC (PTC, 12.5%) and iShares Gold Trust (IAU, 10.8%). Compared with Q3 2024, it opened 3 new positions, sold out of 3, added to 8 and reduced 28. The biggest buy was a new position in Horizon Kinetics Infl Benef (INFL) and the biggest sale SS Multi-Asset Real Ret ETF (RLY, shares −72%).

Most Recent 13F
Q2 2026
Location
ALBANY, NY
CIK
0001756485
Portfolio Value
$192.5M (Q4 2024)
SEC Filing
0001951757-25-000227 ↗ filed Feb 10, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M$250.0M Q1 2024: $186.3M Q1 2024 Q2 2024: $175.3M Q2 2024 Q3 2024: $199.2M Q3 2024 Q4 2024: $192.5M $192.5M Q4 2024 Q1 2025: $190.1M Q1 2025 Q2 2025: $215.7M Q2 2025 Q3 2025: $236.3M Q3 2025 Q4 2025: $239.5M Q4 2025 Q1 2026: $243.0M Q1 2026 Q2 2026: $248.9M Q2 2026

Holdings 71 stocks · $192.5M
SPY SS SPDR S&P 500 ETF Trust-US 14.48% 47,550 $27.9M Add +0.2%
PTC PTC Inc. 12.53% 131,209 $24.1M Reduce -5.8%
IAU iShares Gold Trust 10.79% 419,357 $20.8M Reduce -1.5%
IWD iShares Russell 1000 Value E 8.20% 85,276 $15.8M Add +4.0%
TOST Toast Inc. Class A 5.40% 285,000 $10.4M Reduce -14.7%
IWM iShares Russell 2000 ETF 4.41% 38,411 $8.5M Reduce -2.3%
VOO Vanguard S&P 500 ETF 4.07% 14,540 $7.8M Reduce -2.1%
GLD SPDR Gold Shares 3.96% 31,485 $7.6M Reduce -0.5%
IWN iShares Russell 2000 Value E 2.98% 34,985 $5.7M No change
VIG Vanguard Dividend Apprec ETF 2.68% 26,297 $5.1M Reduce -12.8%
BRK.B Berkshire Hathaway Inc. Class B 1.80% 7,628 $3.5M Add +0.6%
VEA Vanguard Ftse Developed ETF 1.77% 71,283 $3.4M Reduce -0.3%
INFL Horizon Kinetics Infl Benef 1.73% 87,301 $3.3M New
TIP iShares Tips Bond ETF 1.13% 20,349 $2.2M Reduce -0.0%
SMG Scotts Miracle-Gro Co. 1.01% 29,342 $1.9M No change
SHW The Sherwin-Williams Co. 0.99% 5,632 $1.9M No change
IJH iShares Core S&P Midcap ETF 0.96% 29,690 $1.8M Add +10.9%
MSFT Microsoft Corp. 0.95% 4,360 $1.8M No change
SHY iShares 1-3 Year Treasury Bo 0.90% 21,174 $1.7M Reduce -43.6%
TSM Taiwan Semiconductor-SP ADR 0.89% 8,685 $1.7M Reduce -2.7%
IJR iShares Core S&P Small-Cap E 0.83% 13,823 $1.6M Add +32.8%
IEF iShares 7-10 Year Treasury B 0.80% 16,615 $1.5M Reduce -35.6%
IEO iShares U.S. Oil & Gas Explo 0.79% 17,056 $1.5M No change
AAPL Apple Inc. 0.79% 6,324 $1.5M Reduce -7.3%
PHYS Sprott Physical Gold Trust 0.72% 68,391 $1.4M No change
DCRE DBL Comm Real Est Debt 0.72% 26,748 $1.4M Add +27.8%
BRK.A Berkshire Hathaway Inc. Class A 0.71% 2 $1.4M Reduce -33.3%
GOOG Alphabet Inc. Class C 0.68% 6,840 $1.3M No change
VDC Vanguard Consumer Staple ETF 0.62% 5,640 $1.2M Reduce -18.4%
TMO Thermo Fisher Scientific Inc. 0.61% 2,257 $1.2M No change
BSV Vanguard Short-Term Bond ETF 0.60% 14,979 $1.2M Add +4.5%
RLY SS Multi-Asset Real Ret ETF 0.59% 42,296 $1.1M Reduce -72.4%
IJS iShares S&P Small-Cap 600 Va 0.57% 10,080 $1.1M No change
EEM iShares MSCI Emerging Market 0.56% 25,754 $1.1M No change
VPU Vanguard Utilities ETF 0.51% 5,950 $972K Reduce -2.7%
PKW Invesco Buyback Achievers Et 0.50% 8,414 $969K No change
VXUS Vanguard Total Intl Stock 0.48% 15,774 $930K No change
GDX Vaneck Gold Miners ETF 0.48% 27,020 $916K Reduce -2.8%
IVV iShares Core S&P 500 ETF 0.44% 1,434 $844K No change
IBIT iShares Bitcoin Trust ETF 0.41% 14,825 $786K Add +24.6%
QQQ Invesco QQQ Trust Series 1 0.38% 1,435 $734K Reduce -44.5%
TMUS T-Mobile US Inc. 0.34% 3,000 $662K No change
HGV Hilton Grand Vacations Inc. 0.33% 16,085 $627K New
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.31% 5,500 $588K Reduce -47.3%
AXP American Express Co. 0.30% 1,932 $573K No change
COST Costco Wholesale Corp. 0.27% 570 $522K No change
GOOGL Alphabet Inc. Class A 0.26% 2,463 $500K Reduce -6.8%
FLOT iShares Floating Rate Bond E 0.25% 9,420 $479K No change
META Meta Platforms Inc. Class A 0.23% 763 $447K No change
JPM JPMorgan Chase & Co. 0.21% 1,680 $403K Reduce -37.3%
WOOD iShares Global Timber & Fore 0.20% 5,000 $382K Reduce -35.1%
CEF Sprott Physical Gold and Sil 0.19% 15,140 $360K No change
GCOW Pacer Global Cash Cows Divid 0.18% 10,315 $348K Reduce -16.2%
AEM Agnico Eagle Mines Ltd. 0.17% 4,275 $334K No change
UNH Unitedhealth Group Inc. 0.17% 655 $331K No change
ITW Illinois Tool Works 0.17% 1,271 $322K No change
ORCL Oracle Corp. 0.16% 1,884 $314K No change
ADP Automatic Data Processing 0.16% 1,058 $310K No change
JNJ Johnson & Johnson 0.16% 2,120 $307K Reduce -48.5%
AGG iShares Core U.S. Aggregate 0.15% 3,032 $294K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.15% 2,350 $294K Reduce -24.2%
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.15% 1,000 $290K Reduce -75.6%
WMT Walmart Inc. 0.15% 3,120 $282K No change
PEP Pepsico Inc. 0.14% 1,735 $264K Reduce -3.2%
EWC iShares MSCI Canada ETF 0.13% 6,200 $250K No change
AMP Ameriprise Financial Inc. 0.12% 428 $228K No change
TECK Teck Resources Ltd.-CLS B 0.12% 5,500 $223K No change
TY Tri-Continental Corp. 0.12% 6,987 $221K No change
NGD New Gold Inc. 0.11% 84,114 $209K No change
NEM Newmont Corp. 0.11% 5,593 $208K No change
AMZN Amazon.com Inc. 0.11% 933 $205K New

Portfolio Sells Q3 2024 → Q4 2024
RLY SS Multi-Asset Real Ret ETF Reduce -72.4% 0.59% −1.61
SHY iShares 1-3 Year Treasury Bo Reduce -43.6% 0.90% −0.67
IEF iShares 7-10 Year Treasury B Reduce -35.6% 0.80% −0.47
BRK.A Berkshire Hathaway Inc. Class A Reduce -33.3% 0.71% −0.33
VIG Vanguard Dividend Apprec ETF Reduce -12.8% 2.68% −0.31
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -47.3% 0.31% −0.29
QQQ Invesco QQQ Trust Series 1 Reduce -44.5% 0.38% −0.24
IHI iShares U.S. Medical Devices Sold out 0.00% −0.18
JNJ Johnson & Johnson Reduce -48.5% 0.16% −0.18
ITA iShares U.S. Aerospace & Def Sold out 0.00% −0.15
VDC Vanguard Consumer Staple ETF Reduce -18.4% 0.62% −0.14
WOOD iShares Global Timber & Fore Reduce -35.1% 0.20% −0.13
PFF iShares Preferred & Income S Sold out 0.00% −0.13
VEA Vanguard Ftse Developed ETF Reduce -0.3% 1.77% −0.12
PTC PTC Inc. Reduce -5.8% 12.53% −0.10
GDX Vaneck Gold Miners ETF Reduce -2.8% 0.48% −0.08
JPM JPMorgan Chase & Co. Reduce -37.3% 0.21% −0.07
GCOW Pacer Global Cash Cows Divid Reduce -16.2% 0.18% −0.04
IJJ iShares S&P Mid-Cap 400 Valu Reduce -24.2% 0.15% −0.04
VPU Vanguard Utilities ETF Reduce -2.7% 0.51% −0.03
PEP Pepsico Inc. Reduce -3.2% 0.14% −0.02
TIP iShares Tips Bond ETF Reduce -0.0% 1.13% −0.00
AAPL Apple Inc. Reduce -7.3% 0.79% +0.01
GOOGL Alphabet Inc. Class A Reduce -6.8% 0.26% +0.04
MSTR Strategy Inc. Reduce -75.6% 0.15% +0.04
IWM iShares Russell 2000 ETF Reduce -2.3% 4.41% +0.05
GLD SPDR Gold Shares Reduce -0.5% 3.96% +0.10
TSM Taiwan Semiconductor-SP ADR Reduce -2.7% 0.89% +0.11
VOO Vanguard S&P 500 ETF Reduce -2.1% 4.07% +0.16
IAU iShares Gold Trust Reduce -1.5% 10.79% +0.17
TOST Toast Inc. Class A Reduce -14.7% 5.40% +0.65

Portfolio Buys Q3 2024 → Q4 2024
INFL Horizon Kinetics Infl Benef New 1.73% +1.73
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 14.48% +0.81
IWD iShares Russell 1000 Value E Add +4.0% 8.20% +0.39
HGV Hilton Grand Vacations Inc. New 0.33% +0.33
IJR iShares Core S&P Small-Cap E Add +32.8% 0.83% +0.22
IBIT iShares Bitcoin Trust ETF Add +24.6% 0.41% +0.19
DCRE DBL Comm Real Est Debt Add +27.8% 0.72% +0.17
IJH iShares Core S&P Midcap ETF Add +10.9% 0.96% +0.13
AMZN Amazon.com Inc. New 0.11% +0.11
BRK.B Berkshire Hathaway Inc. Class B Add +0.6% 1.80% +0.05
BSV Vanguard Short-Term Bond ETF Add +4.5% 0.60% +0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 85$248.9MSPY, IAU, IWD, VOO, PTC
Q1 2026 90$243.0MIAU, SPY, IWD, PTC, VOO
Q4 2025 79$239.5MSPY, IAU, PTC, IWD, VOO
Q3 2025 79$236.3MSPY, IAU, PTC, IWD, VOO
Q2 2025 77$215.7MSPY, IAU, PTC, IWD, TOST
Q1 2025 70$190.1MSPY, IAU, PTC, IWD, TOST
Q4 2024 71$192.5MSPY, PTC, IAU, IWD, TOST
Q3 2024 71$199.2MSPY, PTC, IAU, IWD, TOST
Q2 2024 69$175.3MPTC, SPY, IAU, IWD, TOST
Q1 2024 74$186.3MSPY, PTC, IAU, IWD, IWM