Independent Financial Group, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed June 12, 2026), Independent Financial Group, LLC reported 1,126 stock positions worth $2.7 billion. Its top holding was Nvidia (NVDA) at 8.0% of the portfolio, followed by Apple (AAPL, 3.9%) and Broadcom (AVGO, 2.4%). Compared with Q2 2024, it opened 130 new positions, sold out of 92, added to 527 and reduced 393. The biggest buy was Broadcom (AVGO, shares +25%) and the biggest sale Nvidia (NVDA, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0000275484
- Portfolio Value
- $2.7B (Q3 2024)
- SEC Filing
- 0000275484-26-000011 ↗ filed Jun 12, 2026
Holdings Value
Holdings 1,126 stocks · $2.7B
| NVDA Nvidia Corp. | 8.00% | 1,791,864 | $217.6M | Reduce -4.7% |
| AAPL Apple Inc. | 3.90% | 455,317 | $106.1M | Reduce -0.9% |
| AVGO Broadcom Inc. | 2.42% | 381,292 | $65.8M | Add +25.0% |
| MSFT Microsoft Corp. | 2.36% | 149,158 | $64.2M | Reduce -2.4% |
| QQQ Invesco QQQ Trust Series 1 | 2.23% | 123,999 | $60.5M | Reduce -3.5% |
| AMZN Amazon.com Inc. | 2.18% | 317,772 | $59.2M | Add +1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.83% | 86,985 | $49.9M | Add +5.5% |
| IVV iShares Core S&P 500 ETF | 1.40% | 65,790 | $37.9M | Add +9.6% |
| VTI VG Morningstar TS MKT ETF-US | 1.31% | 125,516 | $35.5M | Add +1.1% |
| COST Costco Wholesale Corp. | 1.03% | 31,529 | $28.0M | Add +22.2% |
| COWZ Pacer US Cash Cows 100 ETF | 0.95% | 446,931 | $25.8M | Add +4.7% |
| RDVY First Trust Rising Dividend | 0.89% | 406,679 | $24.1M | Add +4.0% |
| FSK FS KKR Capital Corp. | 0.87% | 1,201,562 | $23.7M | Add +18.9% |
| PDI PIMCO Dynamic Income Fund | 0.82% | 1,104,284 | $22.4M | Add +57.9% |
| TSLA Tesla Inc. | 0.80% | 82,967 | $21.7M | Reduce -24.2% |
| LLY Eli Lilly & Co. | 0.79% | 24,260 | $21.5M | Reduce -23.3% |
| XLK SS Technology Select Sector | 0.75% | 90,120 | $20.3M | Add +14.3% |
| GOOG Alphabet Inc. Class C | 0.73% | 118,108 | $19.7M | Reduce -7.1% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.70% | 409,344 | $19.0M | Add +32.9% |
| GARP iShares MSCI USA Quality Gar | 0.68% | 346,985 | $18.5M | Add +7.2% |
| META Meta Platforms Inc. Class A | 0.68% | 32,218 | $18.4M | Add +6.1% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.64% | 315,524 | $17.3M | Add +9.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.63% | 253,927 | $17.1M | Add +17.0% |
| IJH iShares Core S&P Midcap ETF | 0.61% | 265,530 | $16.5M | Add +2.8% |
| XLE SS Energy Select Sector | 0.59% | 184,193 | $16.2M | Reduce -5.6% |
| GOOGL Alphabet Inc. Class A | 0.53% | 86,564 | $14.4M | Reduce -10.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.51% | 30,120 | $13.9M | Add +6.5% |
| GLD SPDR Gold Shares | 0.50% | 56,229 | $13.7M | Add +11.3% |
| SMH Vaneck Semiconductor ETF | 0.50% | 54,936 | $13.5M | Add +10.1% |
| TLT iShares 20+ Year Treasury BD | 0.49% | 135,829 | $13.3M | Add +119.3% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.46% | 422,286 | $12.6M | Add +34.4% |
| VOO Vanguard S&P 500 ETF | 0.44% | 22,671 | $12.0M | Add +10.3% |
| MOAT Vaneck Morningstar Wide Moat | 0.43% | 122,029 | $11.8M | Reduce -1.6% |
| SDVY First Trust Smid Cap Rising | 0.43% | 321,520 | $11.7M | Add +6.7% |
| SCHD Schwab US DVD Equity ETF | 0.42% | 136,066 | $11.5M | Add +5.5% |
| JEPI JPMorgan Equity Premium Inco | 0.41% | 188,247 | $11.2M | Add +0.9% |
| TQQQ Proshares Ultrapro QQQ | 0.40% | 148,508 | $10.8M | Add +38.1% |
| ITA iShares U.S. Aerospace & Def | 0.39% | 71,541 | $10.7M | Add +29.3% |
| QYLD Global X Nasd 100 Cov Call | 0.38% | 578,355 | $10.4M | Reduce -7.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.38% | 26,972 | $10.4M | Add +2.8% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.38% | 42,431 | $10.3M | Add +3.2% |
| WMT Walmart Inc. | 0.37% | 125,636 | $10.1M | Add +9.6% |
| PHYS Sprott Physical Gold Trust | 0.37% | 491,733 | $10.0M | Add +3.8% |
| PANW Palo Alto Networks Inc. | 0.37% | 29,316 | $10.0M | Add +23.6% |
| AMD Advanced Micro Devices | 0.36% | 59,772 | $9.8M | Add +2.2% |
| IWM iShares Russell 2000 ETF | 0.35% | 43,231 | $9.5M | Add +98.8% |
| BX Blackstone Inc. | 0.35% | 62,355 | $9.5M | Add +2.1% |
| AHR American Healthcare REIT Inc. | 0.35% | 365,786 | $9.5M | New |
| ITOT iShares Core S&P Total U.S. | 0.35% | 74,902 | $9.4M | Add +6.0% |
| JPM JPMorgan Chase & Co. | 0.34% | 43,441 | $9.2M | Add +11.7% |
| HD Home Depot Inc. | 0.33% | 22,229 | $9.0M | Add +5.2% |
| IAU iShares Gold Trust | 0.33% | 179,861 | $8.9M | Reduce -18.4% |
| VZ Verizon Communications Inc. | 0.31% | 189,307 | $8.5M | Reduce -2.9% |
| QTEC First Trust Nasdq 100 Tech I | 0.31% | 44,202 | $8.5M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 0.31% | 71,802 | $8.4M | Reduce -5.1% |
| ABBV Abbvie Inc. | 0.31% | 42,529 | $8.4M | Add +7.6% |
| QCOM Qualcomm Inc. | 0.31% | 49,387 | $8.4M | Add +14.6% |
| BIZD Vaneck BDC Income ETF | 0.31% | 505,837 | $8.4M | Add +8.2% |
| V Visa Inc. Class A | 0.30% | 30,112 | $8.3M | Reduce -11.0% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 41,353 | $8.2M | Add +3.1% |
| BXSL Blackstone Secured Lending F | 0.30% | 278,918 | $8.2M | Add +2.0% |
| TBIL F/M US Treasury 3 Month Bill | 0.30% | 161,057 | $8.1M | Reduce -16.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.29% | 71,733 | $7.9M | Add +20.3% |
| JAAA Janus Henderson Aaa Clo ETF | 0.28% | 149,192 | $7.6M | Add +4.8% |
| JPST JPMorgan Ultra-Short Income | 0.28% | 149,327 | $7.6M | Add +6.0% |
| VYM Vanguard High DVD Yield ETF | 0.28% | 58,344 | $7.5M | Reduce -5.1% |
| SCHG Schwab US Large-Cap Growth | 0.27% | 71,519 | $7.5M | Reduce -8.2% |
| FLRT Pacer Aristotle Pacific Floa | 0.27% | 155,937 | $7.4M | Reduce -31.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.27% | 105,680 | $7.4M | Add +1.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.27% | 90,715 | $7.3M | Add +26.1% |
| CIBR First Trust Nasdaq Cybersecu | 0.27% | 123,652 | $7.3M | Add +2.9% |
| XLV SS Health Care Select Sector | 0.26% | 46,243 | $7.1M | Reduce -3.7% |
| UNH Unitedhealth Group Inc. | 0.26% | 12,146 | $7.1M | Reduce -4.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.26% | 76,895 | $7.1M | Reduce -21.8% |
| NFLX Netflix Inc. | 0.25% | 9,747 | $6.9M | Add +31.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.25% | 183,751 | $6.9M | Add +13.2% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 37,960 | $6.8M | Add +10.0% |
| BKNG Booking Holdings Inc. | 0.24% | 1,579 | $6.7M | Add +17.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.24% | 15,680 | $6.6M | Reduce -2.8% |
| PEP Pepsico Inc. | 0.24% | 38,186 | $6.5M | Reduce -8.7% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.23% | 86,575 | $6.4M | Add +9.2% |
| VGT Vanguard Info Tech ETF | 0.23% | 10,642 | $6.2M | Add +8.6% |
| GAUG FT Vest US Equity Moderate B | 0.23% | 179,415 | $6.2M | Reduce -4.3% |
| PFF iShares Preferred & Income S | 0.23% | 185,307 | $6.2M | Add +6.4% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.22% | 18,836 | $6.1M | Add +2.2% |
| IDU iShares US Utilities ETF | 0.22% | 59,023 | $6.0M | Add +11.4% |
| IVW iShares S&P 500 Growth ETF | 0.21% | 60,324 | $5.8M | Add +11.4% |
| RSP Invesco S&P 500 Equal Weight | 0.21% | 32,067 | $5.7M | Add +32.5% |
| GBTC Grayscale Bitcoin Trust ETF | 0.21% | 112,142 | $5.7M | Reduce -3.3% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.21% | 56,585 | $5.6M | Add +26.2% |
| ARCC Ares Capital Corp. | 0.21% | 268,521 | $5.6M | Add +1.6% |
| SKYY First Trust Cloud Computing | 0.20% | 53,195 | $5.4M | Add +0.2% |
| FSCO FS Credit Opportunities Corp. | 0.20% | 855,074 | $5.4M | Add +6.8% |
| SOXX iShares Semiconductor ETF | 0.20% | 23,316 | $5.4M | Reduce -8.4% |
| XLF SS Financial Select Sector | 0.20% | 118,454 | $5.4M | Add +7.7% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 45,521 | $5.3M | Reduce -2.4% |
| GSLC Goldman Activebeta US LC ETF | 0.19% | 46,888 | $5.3M | Add +1.3% |
| MRVL Marvell Technology Inc. | 0.19% | 73,095 | $5.3M | Add +288.6% |
| PECO Phillips Edison & Company Inc. | 0.19% | 137,399 | $5.2M | Reduce -14.6% |
| IYW iShares Ustechnology ETF | 0.19% | 34,015 | $5.2M | Reduce -12.8% |
Portfolio Sells Q2 2024 → Q3 2024
| NVDA Nvidia Corp. | Reduce -4.7% | 8.00% | −1.31 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -57.1% | 0.18% | −0.45 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -84.7% | 0.05% | −0.40 |
| MSFT Microsoft Corp. | Reduce -2.4% | 2.36% | −0.38 |
| LLY Eli Lilly & Co. | Reduce -23.3% | 0.79% | −0.36 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -3.5% | 2.23% | −0.24 |
| GOOG Alphabet Inc. Class C | Reduce -7.1% | 0.73% | −0.21 |
| GOOGL Alphabet Inc. Class A | Reduce -10.7% | 0.53% | −0.18 |
| ARKK ARK Innovation ETF | Reduce -82.5% | 0.04% | −0.18 |
| FLRT Pacer Aristotle Pacific Floa | Reduce -31.3% | 0.27% | −0.16 |
| FLOT iShares Floating Rate Bond E | Reduce -84.4% | 0.03% | −0.15 |
| XLE SS Energy Select Sector | Reduce -5.6% | 0.59% | −0.12 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -21.8% | 0.26% | −0.10 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -35.1% | 0.14% | −0.10 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -16.6% | 0.30% | −0.09 |
| C Citigroup Inc. | Reduce -71.5% | 0.03% | −0.09 |
| SILA Sila Realty Trust Inc. | Reduce -65.1% | 0.05% | −0.08 |
| IYJ iShares U.S. Industrials ETF | Reduce -90.5% | 0.01% | −0.08 |
| XYLD Global X S&P 500 Cove Call E | Reduce -25.3% | 0.17% | −0.07 |
| TSLA Tesla Inc. | Reduce -24.2% | 0.80% | −0.07 |
| PULS Pgim Ultra Short Bond ETF | Reduce -63.7% | 0.03% | −0.06 |
| VGSH Vanguard Short-Term Treasury | Reduce -65.1% | 0.03% | −0.06 |
| EUSA iShares MSCI USA Equal Weigh | Sold out | 0.00% | −0.06 |
| QYLD Global X Nasd 100 Cov Call | Reduce -7.6% | 0.38% | −0.06 |
| MDY State Street SPDR S&P Midcap | Reduce -49.6% | 0.06% | −0.06 |
| IAU iShares Gold Trust | Reduce -18.4% | 0.33% | −0.06 |
| TAGS Teucrium Agricultural Fund | Sold out | 0.00% | −0.06 |
| SOXX iShares Semiconductor ETF | Reduce -8.4% | 0.20% | −0.05 |
| COIN Coinbase Global Inc. Class A | Reduce -54.7% | 0.03% | −0.05 |
| V Visa Inc. Class A | Reduce -11.0% | 0.30% | −0.05 |
| FANG Diamondback Energy Inc. | Reduce -72.2% | 0.01% | −0.05 |
| CVX Chevron Corp. | Reduce -14.2% | 0.14% | −0.05 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -2.7% | 0.31% | −0.05 |
| XLC SS Comm Select Sector SPDR | Reduce -24.7% | 0.13% | −0.05 |
| DVN Devon Energy Corp. | Reduce -34.6% | 0.05% | −0.05 |
| SLV iShares Silver Trust | Reduce -26.0% | 0.12% | −0.05 |
| PSP Invesco Global Listed Privat | Sold out | 0.00% | −0.05 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -35.2% | 0.07% | −0.05 |
| IYW iShares Ustechnology ETF | Reduce -12.8% | 0.19% | −0.05 |
| AMLP Alerian MLP ETF | Reduce -12.0% | 0.17% | −0.04 |
| SCHG Schwab US Large-Cap Growth | Reduce -8.2% | 0.27% | −0.04 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -18.1% | 0.18% | −0.04 |
| MRK Merck & Co. Inc. | Reduce -13.6% | 0.11% | −0.04 |
| ARM Arm Holdings PLC-ADR | Reduce -9.5% | 0.11% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -29.6% | 0.10% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -5.1% | 0.31% | −0.04 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -3.3% | 0.21% | −0.04 |
| PEP Pepsico Inc. | Reduce -8.7% | 0.24% | −0.04 |
| RYLD Global X Russell 2000 Cov Class | Reduce -31.3% | 0.06% | −0.04 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2024 → Q3 2024
| AVGO Broadcom Inc. | Add +25.0% | 2.42% | +0.46 |
| AHR American Healthcare REIT Inc. | New | 0.35% | +0.35 |
| PDI PIMCO Dynamic Income Fund | Add +57.9% | 0.82% | +0.30 |
| TLT iShares 20+ Year Treasury BD | Add +119.3% | 0.49% | +0.26 |
| IWM iShares Russell 2000 ETF | Add +98.8% | 0.35% | +0.17 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Add +32.9% | 0.70% | +0.16 |
| COST Costco Wholesale Corp. | Add +22.2% | 1.03% | +0.15 |
| MRVL Marvell Technology Inc. | Add +288.6% | 0.19% | +0.14 |
| FNGS Microsectors Fang+ Etns | Add +761.2% | 0.13% | +0.11 |
| GRAYSCALE ETHEREUM MINI TR E | New | 0.10% | +0.10 |
| ITA iShares U.S. Aerospace & Def | Add +29.3% | 0.39% | +0.10 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +34.4% | 0.46% | +0.10 |
| ETHE Grayscale Ethereum Staking E | New | 0.10% | +0.10 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +540.6% | 0.10% | +0.09 |
| LGOV First TR Long Duration O-ETF | New | 0.08% | +0.08 |
| FIXD First Trust Smith Opportunis | Add +153.1% | 0.14% | +0.08 |
| TCAF T Rowe PRC Cap Appreciation | New | 0.08% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +9.6% | 1.40% | +0.08 |
| TQQQ Proshares Ultrapro QQQ | Add +38.1% | 0.40% | +0.08 |
| BANK MONTREAL QUE | Add +167.9% | 0.14% | +0.08 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +17.0% | 0.63% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +26.1% | 0.27% | +0.07 |
| TSPA T Rowe Price US Eqy Research | New | 0.07% | +0.07 |
| FSK FS KKR Capital Corp. | Add +18.9% | 0.87% | +0.07 |
| IVE iShares S&P 500 Value ETF | Add +144.4% | 0.12% | +0.07 |
| TOL Toll Brothers Inc. | Add +584.6% | 0.08% | +0.07 |
| GLD SPDR Gold Shares | Add +11.3% | 0.50% | +0.07 |
| IYR iShares US Real Estate ETF | Add +305.2% | 0.09% | +0.07 |
| BXMT Blackstone Mortgage Tru Class A | Add +113.2% | 0.12% | +0.07 |
| SOFI Sofi Technologies Inc. | Add +677.8% | 0.07% | +0.07 |
| META Meta Platforms Inc. Class A | Add +6.1% | 0.68% | +0.06 |
| TLTW iShares 20+ Bond Buywrite | New | 0.06% | +0.06 |
| WMT Walmart Inc. | Add +9.6% | 0.37% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | Add +28.9% | 0.14% | +0.06 |
| AIQ Global X Art Intel & Tech | Add +129.7% | 0.11% | +0.06 |
| GEV GE Vernova Inc. | Add +85.2% | 0.10% | +0.06 |
| GJUN FT Vest US Equity Moderate B | Add +69.1% | 0.15% | +0.06 |
| PM Philip Morris International | Add +98.8% | 0.11% | +0.06 |
| MSTR Strategy Inc. | Add +110.4% | 0.10% | +0.06 |
| IEI iShares 3-7 Year Treasury Bo | Add +504.2% | 0.07% | +0.06 |
| NFLX Netflix Inc. | Add +31.8% | 0.25% | +0.05 |
| SBUX Starbucks Corp. | Add +36.0% | 0.15% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +169.7% | 0.09% | +0.05 |
| LVHI Franklin International Low V | Add +109.7% | 0.11% | +0.05 |
| DOC Healthpeak Properties Inc. | Add +81.5% | 0.11% | +0.05 |
| VNQ Vanguard Real Estate ETF | Add +61.2% | 0.13% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | Add +32.5% | 0.21% | +0.05 |
| MCD McDonald's Corp. | Add +56.9% | 0.12% | +0.05 |
| SBRA Sabra Health Care REIT Inc. | Add +34.4% | 0.15% | +0.05 |
| BALT Inn Defined Wealth Shield | Add +92.7% | 0.11% | +0.05 |
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 |