Independent Financial Group, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed June 12, 2026), Independent Financial Group, LLC reported 1,087 stock positions worth $2.5 billion. Its top holding was Nvidia (NVDA) at 9.3% of the portfolio, followed by Apple (AAPL, 3.9%) and Microsoft (MSFT, 2.7%). Compared with Q1 2024, it opened 143 new positions, sold out of 70, added to 539 and reduced 337. The biggest buy was Nvidia (NVDA, shares +8%) and the biggest sale PCR US SM CP CSH CWS ETF-Usd (CALF, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0000275484
- Portfolio Value
- $2.5B (Q2 2024)
- SEC Filing
- 0000275484-26-000010 ↗ filed Jun 12, 2026
Holdings Value
Holdings 1,087 stocks · $2.5B
| NVDA Nvidia Corp. | 9.31% | 1,880,698 | $232.3M | Add +7.7% |
| AAPL Apple Inc. | 3.88% | 459,376 | $96.8M | Add +6.5% |
| MSFT Microsoft Corp. | 2.74% | 152,781 | $68.3M | Add +6.9% |
| QQQ Invesco QQQ Trust Series 1 | 2.46% | 128,440 | $61.5M | Add +10.0% |
| AMZN Amazon.com Inc. | 2.42% | 312,088 | $60.3M | Add +6.7% |
| AVGO Broadcom Inc. | 1.96% | 30,501 | $49.0M | Add +32.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.80% | 82,456 | $44.9M | Add +3.0% |
| VTI VG Morningstar TS MKT ETF-US | 1.33% | 124,112 | $33.2M | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 1.32% | 60,004 | $32.8M | Add +15.3% |
| LLY Eli Lilly & Co. | 1.15% | 31,625 | $28.6M | Add +25.8% |
| GOOG Alphabet Inc. Class C | 0.93% | 127,148 | $23.3M | Reduce -0.1% |
| COWZ Pacer US Cash Cows 100 ETF | 0.93% | 427,063 | $23.3M | Add +10.8% |
| COST Costco Wholesale Corp. | 0.88% | 25,799 | $21.9M | Add +9.7% |
| TSLA Tesla Inc. | 0.87% | 109,479 | $21.7M | Add +0.6% |
| RDVY First Trust Rising Dividend | 0.86% | 391,137 | $21.4M | Add +18.3% |
| FSK FS KKR Capital Corp. | 0.80% | 1,010,719 | $19.9M | Add +9.2% |
| XLK SS Technology Select Sector | 0.71% | 78,831 | $17.8M | Reduce -0.3% |
| XLE SS Energy Select Sector | 0.71% | 195,164 | $17.8M | Add +2.1% |
| GOOGL Alphabet Inc. Class A | 0.71% | 96,906 | $17.7M | Add +20.0% |
| GARP iShares MSCI USA Quality Gar | 0.67% | 323,694 | $16.8M | Add +75.4% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.64% | 288,503 | $16.0M | Add +6.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.63% | 40,804 | $15.6M | Add +24.6% |
| META Meta Platforms Inc. Class A | 0.61% | 30,368 | $15.3M | Reduce -1.1% |
| IJH iShares Core S&P Midcap ETF | 0.61% | 258,285 | $15.1M | Add +2.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.56% | 216,973 | $13.9M | Add +54.3% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.54% | 307,905 | $13.4M | Reduce -13.4% |
| PDI PIMCO Dynamic Income Fund | 0.53% | 699,205 | $13.2M | Add +15.2% |
| SMH Vaneck Semiconductor ETF | 0.52% | 49,907 | $13.0M | Add +10.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 28,274 | $11.5M | Add +18.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.46% | 79,842 | $11.4M | Add +51.5% |
| QYLD Global X Nasd 100 Cov Call | 0.44% | 626,010 | $11.1M | Add +9.6% |
| GLD SPDR Gold Shares | 0.44% | 50,528 | $10.9M | Add +11.6% |
| FLRT Pacer Aristotle Pacific Floa | 0.43% | 226,905 | $10.8M | Add +406.1% |
| MOAT Vaneck Morningstar Wide Moat | 0.43% | 124,057 | $10.7M | Add +5.0% |
| JEPI JPMorgan Equity Premium Inco | 0.42% | 186,530 | $10.6M | Add +26.2% |
| VOO Vanguard S&P 500 ETF | 0.41% | 20,545 | $10.3M | Add +11.0% |
| SDVY First Trust Smid Cap Rising | 0.40% | 301,321 | $10.1M | Add +0.1% |
| SCHD Schwab US DVD Equity ETF | 0.40% | 128,975 | $10.0M | Add +3.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 26,226 | $9.8M | Add +9.7% |
| IAU iShares Gold Trust | 0.39% | 220,347 | $9.7M | Add +28.7% |
| TBIL F/M US Treasury 3 Month Bill | 0.39% | 193,010 | $9.7M | Add +35.4% |
| AMD Advanced Micro Devices | 0.38% | 58,496 | $9.5M | Reduce -15.4% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.38% | 41,128 | $9.4M | Add +28.6% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.36% | 314,140 | $9.1M | Add +10.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.36% | 98,375 | $9.0M | Add +19.6% |
| QTEC First Trust Nasdq 100 Tech I | 0.36% | 45,433 | $9.0M | Reduce -5.5% |
| V Visa Inc. Class A | 0.36% | 33,849 | $8.9M | Reduce -5.1% |
| XOM Exxon Mobil Corp. | 0.35% | 75,656 | $8.7M | Add +12.8% |
| QCOM Qualcomm Inc. | 0.34% | 43,082 | $8.6M | Add +5.9% |
| PHYS Sprott Physical Gold Trust | 0.34% | 473,935 | $8.6M | Reduce -0.0% |
| ITOT iShares Core S&P Total U.S. | 0.34% | 70,655 | $8.4M | Add +9.2% |
| BXSL Blackstone Secured Lending F | 0.34% | 273,347 | $8.4M | Add +51.9% |
| PANW Palo Alto Networks Inc. | 0.32% | 23,718 | $8.0M | Reduce -21.5% |
| VZ Verizon Communications Inc. | 0.32% | 194,907 | $8.0M | Add +5.7% |
| BIZD Vaneck BDC Income ETF | 0.32% | 467,604 | $8.0M | Add +6.4% |
| TQQQ Proshares Ultrapro QQQ | 0.32% | 107,498 | $7.9M | Reduce -18.9% |
| JPM JPMorgan Chase & Co. | 0.32% | 38,905 | $7.9M | Reduce -2.4% |
| SCHG Schwab US Large-Cap Growth | 0.31% | 77,898 | $7.9M | Add +13.2% |
| WMT Walmart Inc. | 0.31% | 114,608 | $7.8M | Reduce -13.3% |
| BX Blackstone Inc. | 0.30% | 61,096 | $7.6M | Reduce -26.7% |
| VIG Vanguard Dividend Apprec ETF | 0.29% | 40,094 | $7.3M | Add +10.8% |
| ITA iShares U.S. Aerospace & Def | 0.29% | 55,340 | $7.3M | Add +1.8% |
| VYM Vanguard High DVD Yield ETF | 0.29% | 61,469 | $7.3M | Add +5.1% |
| HD Home Depot Inc. | 0.29% | 21,128 | $7.3M | Add +4.0% |
| JAAA Janus Henderson Aaa Clo ETF | 0.29% | 142,400 | $7.2M | Add +15.0% |
| JPST JPMorgan Ultra-Short Income | 0.28% | 140,821 | $7.1M | Add +6.7% |
| XLV SS Health Care Select Sector | 0.28% | 48,005 | $7.0M | Add +4.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.28% | 104,063 | $6.9M | Add +0.4% |
| PEP Pepsico Inc. | 0.28% | 41,809 | $6.9M | Add +86.3% |
| CIBR First Trust Nasdaq Cybersecu | 0.27% | 120,184 | $6.8M | Reduce -12.8% |
| ABBV Abbvie Inc. | 0.27% | 39,526 | $6.8M | Add +4.1% |
| SHV iShares 0-1 Year Treasury Bo | 0.26% | 59,637 | $6.6M | Add +1.8% |
| UNH Unitedhealth Group Inc. | 0.26% | 12,744 | $6.5M | Add +27.2% |
| GAUG FT Vest US Equity Moderate B | 0.25% | 187,558 | $6.3M | Reduce -0.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.25% | 16,124 | $6.3M | Reduce -25.7% |
| SOXX iShares Semiconductor ETF | 0.25% | 25,464 | $6.3M | Reduce -6.6% |
| GBTC Grayscale Bitcoin Trust ETF | 0.25% | 116,006 | $6.2M | Add +0.6% |
| XYLD Global X S&P 500 Cove Call E | 0.24% | 147,307 | $6.0M | Reduce -1.3% |
| QUAL iShares MSCI USA Quality Fac | 0.24% | 34,511 | $5.9M | Add +30.4% |
| IYW iShares Ustechnology ETF | 0.24% | 39,028 | $5.9M | Add +2.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.23% | 33,732 | $5.9M | Add +182.0% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.23% | 18,437 | $5.8M | Reduce -1.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.23% | 162,299 | $5.7M | Add +30.8% |
| TLT iShares 20+ Year Treasury BD | 0.23% | 61,922 | $5.7M | Reduce -26.6% |
| VGT Vanguard Info Tech ETF | 0.23% | 9,802 | $5.7M | Add +8.3% |
| USMV iShares MSCI USA Min Vol Fac | 0.22% | 66,207 | $5.6M | Reduce -0.1% |
| ARCC Ares Capital Corp. | 0.22% | 264,391 | $5.5M | Add +5.3% |
| PFF iShares Preferred & Income S | 0.22% | 174,106 | $5.5M | Add +14.9% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.22% | 79,268 | $5.4M | Add +3.7% |
| AMLP Alerian MLP ETF | 0.22% | 112,033 | $5.4M | Reduce -7.7% |
| ARKK ARK Innovation ETF | 0.21% | 122,117 | $5.4M | Reduce -16.0% |
| BKNG Booking Holdings Inc. | 0.21% | 1,342 | $5.3M | Reduce -19.3% |
| PECO Phillips Edison & Company Inc. | 0.21% | 160,897 | $5.3M | Reduce -12.5% |
| FSCO FS Credit Opportunities Corp. | 0.20% | 800,892 | $5.1M | Reduce -0.2% |
| SKYY First Trust Cloud Computing | 0.20% | 53,074 | $5.1M | Reduce -4.0% |
| IVW iShares S&P 500 Growth ETF | 0.20% | 54,137 | $5.0M | Add +3.4% |
| NFLX Netflix Inc. | 0.20% | 7,395 | $5.0M | Reduce -15.9% |
| PFE Pfizer Inc. | 0.20% | 178,273 | $5.0M | Add +88.2% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 46,624 | $5.0M | Reduce -0.3% |
| GSLC Goldman Activebeta US LC ETF | 0.20% | 46,285 | $5.0M | Add +0.3% |
Portfolio Sells Q1 2024 → Q2 2024
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -13.4% | 0.54% | −0.27 |
| BX Blackstone Inc. | Reduce -26.7% | 0.30% | −0.20 |
| AMD Advanced Micro Devices | Reduce -15.4% | 0.38% | −0.19 |
| KRE SS SPDR S&P Regional Bank | Reduce -63.8% | 0.07% | −0.16 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -25.7% | 0.25% | −0.14 |
| TLT iShares 20+ Year Treasury BD | Reduce -26.6% | 0.23% | −0.14 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −0.12 |
| ARKK ARK Innovation ETF | Reduce -16.0% | 0.21% | −0.12 |
| PSX Phillips 66 | Reduce -46.0% | 0.07% | −0.11 |
| FTSM First Trust Enh Short Mat FD | Reduce -47.8% | 0.09% | −0.10 |
| V Visa Inc. Class A | Reduce -5.1% | 0.36% | −0.10 |
| PECO Phillips Edison & Company Inc. | Reduce -12.5% | 0.21% | −0.09 |
| IVE iShares S&P 500 Value ETF | Reduce -58.4% | 0.05% | −0.09 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.09 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -12.8% | 0.27% | −0.09 |
| CRM Salesforce Inc. | Reduce -4.6% | 0.18% | −0.07 |
| PANW Palo Alto Networks Inc. | Reduce -21.5% | 0.32% | −0.07 |
| META Meta Platforms Inc. Class A | Reduce -1.1% | 0.61% | −0.07 |
| MRK Merck & Co. Inc. | Reduce -16.7% | 0.15% | −0.07 |
| IBM Intl Business Machines Corp. | Reduce -20.9% | 0.11% | −0.07 |
| XLP SS Consumer Staples Sel Sect | Reduce -30.6% | 0.11% | −0.07 |
| BKNG Booking Holdings Inc. | Reduce -19.3% | 0.21% | −0.06 |
| LDUR PIMCO Enhanced Low Duration | Reduce -77.0% | 0.02% | −0.06 |
| IWM iShares Russell 2000 ETF | Reduce -12.1% | 0.18% | −0.06 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -5.5% | 0.36% | −0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -43.7% | 0.05% | −0.06 |
| VTS Vitesse Energy Inc. | Sold out | 0.00% | −0.06 |
| TQQQ Proshares Ultrapro QQQ | Reduce -18.9% | 0.32% | −0.06 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Reduce -80.9% | 0.01% | −0.06 |
| WMT Walmart Inc. | Reduce -13.3% | 0.31% | −0.05 |
| MDB Mongodb Inc. | Reduce -27.1% | 0.04% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -2.4% | 0.32% | −0.05 |
| CVS CVS Health Corp. | Reduce -25.1% | 0.05% | −0.05 |
| AMLP Alerian MLP ETF | Reduce -7.7% | 0.22% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -41.6% | 0.05% | −0.05 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -9.8% | 0.16% | −0.05 |
| NFLX Netflix Inc. | Reduce -15.9% | 0.20% | −0.05 |
| JNJ Johnson & Johnson | Reduce -6.8% | 0.14% | −0.04 |
| BA The Boeing Co. | Reduce -7.4% | 0.14% | −0.04 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.04 |
| XYZ Block Inc. | Reduce -8.8% | 0.07% | −0.04 |
| XLK SS Technology Select Sector | Reduce -0.3% | 0.71% | −0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -13.5% | 0.11% | −0.04 |
| XYLD Global X S&P 500 Cove Call E | Reduce -1.3% | 0.24% | −0.04 |
| IIPR Innovative Industrial Proper | Reduce -52.1% | 0.03% | −0.04 |
| SBUX Starbucks Corp. | Reduce -5.1% | 0.10% | −0.04 |
| SKYY First Trust Cloud Computing | Reduce -4.0% | 0.20% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -5.1% | 0.16% | −0.04 |
| DTH Wisdomtree International Hig | Reduce -47.7% | 0.03% | −0.04 |
Portfolio Buys Q1 2024 → Q2 2024
| NVDA Nvidia Corp. | Add +7.7% | 9.31% | +2.06 |
| AVGO Broadcom Inc. | Add +32.1% | 1.96% | +0.56 |
| AAPL Apple Inc. | Add +6.5% | 3.88% | +0.48 |
| FLRT Pacer Aristotle Pacific Floa | Add +406.1% | 0.43% | +0.33 |
| GARP iShares MSCI USA Quality Gar | Add +75.4% | 0.67% | +0.27 |
| LLY Eli Lilly & Co. | Add +25.8% | 1.15% | +0.25 |
| TSM Taiwan Semiconductor-SP ADR | Add +182.0% | 0.23% | +0.16 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +54.3% | 0.56% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +20.0% | 0.71% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +51.5% | 0.46% | +0.15 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +24.6% | 0.63% | +0.14 |
| ARM Arm Holdings PLC-ADR | Add +652.2% | 0.15% | +0.13 |
| SILA Sila Realty Trust Inc. | New | 0.13% | +0.13 |
| FLOT iShares Floating Rate Bond E | Add +188.7% | 0.18% | +0.11 |
| SLV iShares Silver Trust | Add +143.2% | 0.17% | +0.10 |
| PEP Pepsico Inc. | Add +86.3% | 0.28% | +0.10 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +439.4% | 0.12% | +0.09 |
| INDA iShares MSCI India ETF | New | 0.09% | +0.09 |
| COST Costco Wholesale Corp. | Add +9.7% | 0.88% | +0.09 |
| QQQ Invesco QQQ Trust Series 1 | Add +10.0% | 2.46% | +0.08 |
| PFE Pfizer Inc. | Add +88.2% | 0.20% | +0.08 |
| BXSL Blackstone Secured Lending F | Add +51.9% | 0.34% | +0.08 |
| FBCG Fidelity Blue Chip Grow ETF | New | 0.06% | +0.06 |
| BALT Inn Defined Wealth Shield | New | 0.06% | +0.06 |
| SPHY SS SPDR P High Yield ETF | New | 0.06% | +0.06 |
| KXI iShares Global Consumer Stap | New | 0.06% | +0.06 |
| TBIL F/M US Treasury 3 Month Bill | Add +35.4% | 0.39% | +0.06 |
| MDY State Street SPDR S&P Midcap | Add +140.2% | 0.12% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +15.3% | 1.32% | +0.06 |
| IAU iShares Gold Trust | Add +28.7% | 0.39% | +0.06 |
| NOW ServiceNow Inc. | Add +108.4% | 0.12% | +0.06 |
| FCX Freeport-McMoran Inc. | Add +107.5% | 0.12% | +0.06 |
| SMH Vaneck Semiconductor ETF | Add +10.3% | 0.52% | +0.05 |
| LVHI Franklin International Low V | New | 0.05% | +0.05 |
| AMAT Applied Materials Inc. | Add +66.6% | 0.12% | +0.05 |
| GCT Gigacloud Technology Inc. Class A | New | 0.05% | +0.05 |
| PSP Invesco Global Listed Privat | New | 0.05% | +0.05 |
| UYLD Angel Oak Ultrashort Income | Add +104.7% | 0.11% | +0.05 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +93.3% | 0.11% | +0.04 |
| LMT Lockheed Martin Corp. | Add +79.9% | 0.11% | +0.04 |
| DE Deere & Co. | Add +83.1% | 0.13% | +0.04 |
| PSFF Pacer Swan Sos Fund of Funds | Add +46.0% | 0.17% | +0.04 |
| CPAI Counterpoint Quan Equity ETF | Add +143.2% | 0.07% | +0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +30.4% | 0.24% | +0.04 |
| AXON Axon Enterprise Inc. | New | 0.04% | +0.04 |
| GD General Dynamics Corp. | Add +81.9% | 0.09% | +0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +78.3% | 0.08% | +0.03 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +42.0% | 0.18% | +0.03 |
| TDVG T Rowe Price Dividend Growth | Add +49.6% | 0.14% | +0.03 |
| CGGR Cap Group Growth Equity | Add +47.8% | 0.14% | +0.03 |
Notes & Other Activity Q1 2024 → Q2 2024
| BRAEMAR HOTELS & RESORTS (BHR 5.5 PERP b) | 5.5 CUM CV PFD B | Sold out | 14,750 | $202Kbefore exit |
| PAYOW Payoneer Global Inc.-CW27 | *W EXP 99/99/999 | Sold out | 10,000 | $3Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 1,541 | $5.3B | NVDA, QQQ, AAPL, MU, AVGO |
| Q1 2026Amended | 1,444 | $4.5B | NVDA, AAPL, QQQ, AVGO, AMZN |
| Q4 2025 | 1,404 | $4.5B | NVDA, AAPL, QQQ, AVGO, MSFT |
| Q3 2025 | 1,353 | $4.2B | NVDA, AAPL, AVGO, QQQ, MSFT |
| Q2 2025 | 1,284 | $3.6B | NVDA, AAPL, QQQ, AVGO, MSFT |
| Q1 2025 | 1,173 | $2.9B | NVDA, AAPL, QQQ, AMZN, AVGO |
| Q4 2024 | 1,155 | $3.0B | NVDA, AAPL, AVGO, AMZN, MSFT |
| Q3 2024 | 1,126 | $2.7B | NVDA, AAPL, AVGO, MSFT, QQQ |
| Q2 2024 | 1,087 | $2.5B | NVDA, AAPL, MSFT, QQQ, AMZN |
| Q1 2024 | 1,014 | $2.2B | NVDA, AAPL, MSFT, AMZN, QQQ |