Independent Family Office, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Independent Family Office, LLC reported 79 stock positions worth $236.3 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 13.0% of the portfolio, followed by iShares Gold Trust (IAU, 12.1%) and PTC (PTC, 10.5%). Compared with Q2 2025, it opened 3 new positions, sold out of 1, added to 8 and reduced 17. The biggest buy was Vanguard S&P 500 ETF (VOO, shares +28%) and the biggest sale Toast Class A (TOST, shares −1%).

Most Recent 13F
Q2 2026
Location
ALBANY, NY
CIK
0001756485
Portfolio Value
$236.3M (Q3 2025)
SEC Filing
0001951757-25-001422 ↗ filed Nov 13, 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 Q4 2024 Q1 2025: $190.1M Q1 2025 Q2 2025: $215.7M Q2 2025 Q3 2025: $236.3M $236.3M Q3 2025 Q4 2025: $239.5M Q4 2025 Q1 2026: $243.0M Q1 2026 Q2 2026: $248.9M Q2 2026

Holdings 79 stocks · $236.3M
SPY SS SPDR S&P 500 ETF Trust-US 13.03% 46,220 $30.8M Reduce -3.0%
IAU iShares Gold Trust 12.07% 392,114 $28.5M Reduce -2.2%
PTC PTC Inc. 10.47% 121,934 $24.8M Reduce -2.8%
IWD iShares Russell 1000 Value E 7.49% 86,911 $17.7M Reduce -0.4%
VOO Vanguard S&P 500 ETF 6.13% 23,655 $14.5M Add +27.8%
GLD SPDR Gold Shares 4.48% 29,808 $10.6M Reduce -4.2%
TOST Toast Inc. Class A 4.17% 270,000 $9.9M Reduce -0.7%
IWM iShares Russell 2000 ETF 3.38% 33,011 $8.0M Reduce -14.0%
INFL Horizon Kinetics Infl Benef 3.03% 160,445 $7.2M Add +18.9%
VEA Vanguard Ftse Developed ETF 2.67% 105,380 $6.3M Add +18.6%
IWN iShares Russell 2000 Value E 2.59% 34,597 $6.1M Add +0.9%
BRK.B Berkshire Hathaway Inc. Class B 2.37% 11,161 $5.6M Add +21.0%
VIG Vanguard Dividend Apprec ETF 2.26% 24,747 $5.3M Reduce -2.9%
DCRE DBL Comm Real Est Debt 1.52% 69,183 $3.6M Add +20.1%
IJR iShares Core S&P Small-Cap E 1.06% 21,057 $2.5M Add +18.0%
MSFT Microsoft Corp. 1.04% 4,767 $2.5M No change
TSM Taiwan Semiconductor-SP ADR 1.03% 8,685 $2.4M No change
GDX Vaneck Gold Miners ETF 0.87% 26,795 $2.0M No change
IBIT iShares Bitcoin Trust ETF 0.86% 31,100 $2.0M Add +18.1%
TIP iShares Tips Bond ETF 0.84% 17,936 $2.0M No change
SHW The Sherwin-Williams Co. 0.83% 5,657 $2.0M No change
AAPL Apple Inc. 0.81% 7,523 $1.9M Reduce -4.3%
SMG Scotts Miracle-Gro Co. 0.71% 29,342 $1.7M No change
PHYS Sprott Physical Gold Trust 0.64% 51,316 $1.5M No change
BRK.A Berkshire Hathaway Inc. Class A 0.64% 2 $1.5M No change
IJH iShares Core S&P Midcap ETF 0.60% 21,890 $1.4M Reduce -26.3%
VPU Vanguard Utilities ETF 0.60% 7,450 $1.4M No change
GOOG Alphabet Inc. Class C 0.59% 5,700 $1.4M No change
STIP iShares 0-5 Year Tips Bond E 0.59% 13,400 $1.4M No change
MSTR Strategy Inc. 0.56% 4,100 $1.3M No change
RLY SS Multi-Asset Real Ret ETF 0.52% 39,611 $1.2M No change
VDC Vanguard Consumer Staple ETF 0.51% 5,640 $1.2M No change
IEO iShares U.S. Oil & Gas Explo 0.50% 12,754 $1.2M Reduce -4.1%
SHY iShares 1-3 Year Treasury Bo 0.50% 14,168 $1.2M Reduce -12.7%
VXUS Vanguard Total Intl Stock 0.49% 15,774 $1.2M No change
BSV Vanguard Short-Term Bond ETF 0.48% 14,382 $1.1M Reduce -8.3%
IJS iShares S&P Small-Cap 600 Va 0.47% 10,080 $1.1M No change
PKW Invesco Buyback Achievers Et 0.47% 8,414 $1.1M No change
EEM iShares MSCI Emerging Market 0.47% 20,688 $1.1M No change
TMO Thermo Fisher Scientific Inc. 0.46% 2,257 $1.1M No change
IVV iShares Core S&P 500 ETF 0.44% 1,568 $1.0M No change
IEF iShares 7-10 Year Treasury B 0.37% 9,182 $886K Reduce -25.1%
GOOGL Alphabet Inc. Class A 0.32% 3,083 $749K No change
AEM Agnico Eagle Mines Ltd. 0.30% 4,275 $721K No change
JPM JPMorgan Chase & Co. 0.29% 2,200 $694K No change
EFA iShares MSCI Eafe ETF 0.28% 7,174 $670K No change
AXP American Express Co. 0.27% 1,932 $642K No change
QQQ Invesco QQQ Trust Series 1 0.26% 1,039 $624K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.26% 5,500 $613K No change
NGD New Gold Inc. 0.26% 84,114 $604K No change
TMUS T-Mobile US Inc. 0.25% 2,500 $598K No change
CEF Sprott Physical Gold and Sil 0.23% 15,140 $555K No change
ORCL Oracle Corp. 0.22% 1,884 $530K No change
HGV Hilton Grand Vacations Inc. 0.22% 12,652 $529K Reduce -21.3%
COST Costco Wholesale Corp. 0.22% 555 $514K No change
FLOT iShares Floating Rate Bond E 0.20% 9,420 $481K No change
NEM Newmont Corp. 0.20% 5,593 $472K No change
GCOW Pacer Global Cash Cows Divid 0.17% 10,315 $409K No change
LLY Eli Lilly & Co. 0.16% 500 $382K No change
VHT Vanguard Health Care ETF 0.15% 1,350 $350K No change
META Meta Platforms Inc. Class A 0.14% 463 $340K No change
ITW Illinois Tool Works 0.14% 1,271 $331K No change
EWC iShares MSCI Canada ETF 0.13% 6,200 $313K No change
ADP Automatic Data Processing 0.13% 1,058 $311K No change
IJJ iShares S&P Mid-Cap 400 Valu 0.13% 2,340 $304K No change
PRIM Primoris Services Corp. 0.12% 2,000 $275K New
AGG iShares Core U.S. Aggregate 0.11% 2,682 $269K Reduce -11.5%
JNJ Johnson & Johnson 0.11% 1,449 $269K No change
ABBV Abbvie Inc. 0.11% 1,157 $268K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.11% 921 $260K No change
WMT Walmart Inc. 0.11% 2,520 $260K No change
TECK Teck Resources Ltd.-CLS B 0.10% 5,500 $241K No change
TY Tri-Continental Corp. 0.10% 6,987 $238K No change
PEP Pepsico Inc. 0.10% 1,635 $230K No change
AMP Ameriprise Financial Inc. 0.09% 428 $210K No change
UNH Unitedhealth Group Inc. 0.09% 600 $207K Reduce -13.0%
AMZN Amazon.com Inc. 0.09% 933 $205K No change
IWR iShares Russell Mid-Cap ETF 0.09% 2,100 $203K New
PNC PNC Financial Services Group 0.09% 1,000 $201K New

Portfolio Sells Q2 2025 → Q3 2025
TOST Toast Inc. Class A Reduce -0.7% 4.17% −1.41
SPY SS SPDR S&P 500 ETF Trust-US Reduce -3.0% 13.03% −0.62
IWM iShares Russell 2000 ETF Reduce -14.0% 3.38% −0.46
IWD iShares Russell 1000 Value E Reduce -0.4% 7.49% −0.37
IJH iShares Core S&P Midcap ETF Reduce -26.3% 0.60% −0.25
IEF iShares 7-10 Year Treasury B Reduce -25.1% 0.37% −0.17
VIG Vanguard Dividend Apprec ETF Reduce -2.9% 2.26% −0.16
SHY iShares 1-3 Year Treasury Bo Reduce -12.7% 0.50% −0.13
PGR Progressive Corp. Sold out 0.00% −0.10
BSV Vanguard Short-Term Bond ETF Reduce -8.3% 0.48% −0.09
HGV Hilton Grand Vacations Inc. Reduce -21.3% 0.22% −0.09
IEO iShares U.S. Oil & Gas Explo Reduce -4.1% 0.50% −0.05
AGG iShares Core U.S. Aggregate Reduce -11.5% 0.11% −0.03
UNH Unitedhealth Group Inc. Reduce -13.0% 0.09% −0.01
AAPL Apple Inc. Reduce -4.3% 0.81% +0.06
GLD SPDR Gold Shares Reduce -4.2% 4.48% +0.09
IAU iShares Gold Trust Reduce -2.2% 12.07% +0.48
PTC PTC Inc. Reduce -2.8% 10.47% +0.64

Portfolio Buys Q2 2025 → Q3 2025
VOO Vanguard S&P 500 ETF Add +27.8% 6.13% +1.13
INFL Horizon Kinetics Infl Benef Add +18.9% 3.03% +0.36
VEA Vanguard Ftse Developed ETF Add +18.6% 2.67% +0.32
BRK.B Berkshire Hathaway Inc. Class B Add +21.0% 2.37% +0.30
DCRE DBL Comm Real Est Debt Add +20.1% 1.52% +0.13
IJR iShares Core S&P Small-Cap E Add +18.0% 1.06% +0.13
PRIM Primoris Services Corp. New 0.12% +0.12
IBIT iShares Bitcoin Trust ETF Add +18.1% 0.86% +0.11
IWR iShares Russell Mid-Cap ETF New 0.09% +0.09
PNC PNC Financial Services Group New 0.09% +0.09
IWN iShares Russell 2000 Value E Add +0.9% 2.59% +0.08

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