Independent Financial Group, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed June 12, 2026), Independent Financial Group, LLC reported 1,155 stock positions worth $3.0 billion. Its top holding was Nvidia (NVDA) at 7.8% of the portfolio, followed by Apple (AAPL, 3.9%) and Broadcom (AVGO, 2.9%). Compared with Q3 2024, it opened 131 new positions, sold out of 102, added to 562 and reduced 393. The biggest buy was a new position in Dirx Nasdaq-100EQ Wi ETF-Usd (QQQE) and the biggest sale PIMCO Dynamic Income Fund (PDI, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- SAN DIEGO, CA
- CIK
- 0000275484
- Portfolio Value
- $3.0B (Q4 2024)
- SEC Filing
- 0000275484-26-000012 ↗ filed Jun 12, 2026
Holdings Value
Holdings 1,155 stocks · $3.0B
| NVDA Nvidia Corp. | 7.81% | 1,751,446 | $235.2M | Reduce -2.3% |
| AAPL Apple Inc. | 3.85% | 462,907 | $115.9M | Add +1.7% |
| AVGO Broadcom Inc. | 2.86% | 371,785 | $86.2M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 2.42% | 332,054 | $72.8M | Add +4.5% |
| MSFT Microsoft Corp. | 2.24% | 159,885 | $67.4M | Add +7.2% |
| QQQ Invesco QQQ Trust Series 1 | 2.16% | 127,253 | $65.1M | Add +2.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.98% | 101,602 | $59.5M | Add +16.8% |
| IVV iShares Core S&P 500 ETF | 1.44% | 73,758 | $43.4M | Add +12.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.24% | 128,565 | $37.3M | Add +2.4% |
| TSLA Tesla Inc. | 1.07% | 79,634 | $32.2M | Reduce -4.0% |
| COST Costco Wholesale Corp. | 1.03% | 33,682 | $30.9M | Add +6.8% |
| FSK FS KKR Capital Corp. | 0.94% | 1,307,048 | $28.4M | Add +8.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.93% | 493,849 | $27.9M | Add +10.5% |
| RDVY First Trust Rising Dividend | 0.85% | 432,761 | $25.6M | Add +6.4% |
| GOOG Alphabet Inc. Class C | 0.79% | 124,940 | $23.8M | Add +5.8% |
| META Meta Platforms Inc. Class A | 0.75% | 38,747 | $22.7M | Add +20.3% |
| XLK SS Technology Select Sector | 0.70% | 90,475 | $21.0M | Add +0.4% |
| GARP iShares MSCI USA Quality Gar | 0.67% | 357,011 | $20.1M | Add +2.9% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 0.65% | 218,127 | $19.6M | New |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.65% | 282,528 | $19.5M | Add +11.3% |
| PLTR Palantir Technologies Inc. Class A | 0.64% | 253,191 | $19.1M | Add +139.3% |
| GOOGL Alphabet Inc. Class A | 0.64% | 100,991 | $19.1M | Add +16.7% |
| SDVY First Trust Smid Cap Rising | 0.63% | 532,934 | $19.1M | Add +65.8% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.63% | 334,214 | $18.8M | Add +5.9% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.62% | 423,155 | $18.6M | Add +3.4% |
| IJH iShares Core S&P Midcap ETF | 0.60% | 289,661 | $18.0M | Add +9.1% |
| GLD SPDR Gold Shares | 0.53% | 65,923 | $16.0M | Add +17.2% |
| BX Blackstone Inc. | 0.52% | 90,909 | $15.7M | Add +45.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.49% | 32,578 | $14.8M | Add +8.2% |
| XLE SS Energy Select Sector | 0.49% | 172,385 | $14.8M | Reduce -6.4% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.46% | 455,146 | $13.9M | Add +7.8% |
| MRVL Marvell Technology Inc. | 0.44% | 121,011 | $13.4M | Add +65.5% |
| VOO Vanguard S&P 500 ETF | 0.44% | 24,735 | $13.3M | Add +9.1% |
| SMH Vaneck Semiconductor ETF | 0.44% | 54,127 | $13.1M | Reduce -1.5% |
| LLY Eli Lilly & Co. | 0.43% | 16,645 | $12.8M | Reduce -31.4% |
| MOAT Vaneck Morningstar Wide Moat | 0.42% | 137,283 | $12.7M | Add +12.5% |
| WMT Walmart Inc. | 0.42% | 139,965 | $12.6M | Add +11.4% |
| PDI PIMCO Dynamic Income Fund | 0.40% | 655,681 | $12.0M | Reduce -40.6% |
| SCHD Schwab US DVD Equity ETF | 0.39% | 433,485 | $11.8M | Add +6.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.39% | 28,611 | $11.7M | Add +6.1% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.37% | 44,183 | $11.2M | Add +4.1% |
| NFLX Netflix Inc. | 0.37% | 12,463 | $11.1M | Add +27.9% |
| JPM JPMorgan Chase & Co. | 0.37% | 46,076 | $11.0M | Add +6.1% |
| V Visa Inc. Class A | 0.36% | 34,054 | $10.8M | Add +13.1% |
| ITA iShares U.S. Aerospace & Def | 0.36% | 74,037 | $10.8M | Add +3.5% |
| PANW Palo Alto Networks Inc. | 0.35% | 58,403 | $10.6M | Reduce -0.4% |
| PHYS Sprott Physical Gold Trust | 0.34% | 513,747 | $10.3M | Add +4.5% |
| JEPI JPMorgan Equity Premium Inco | 0.34% | 178,913 | $10.3M | Reduce -5.0% |
| ITOT iShares Core S&P Total U.S. | 0.33% | 77,335 | $9.9M | Add +3.3% |
| QYLD Global X Nasd 100 Cov Call | 0.33% | 543,374 | $9.9M | Reduce -6.0% |
| BKNG Booking Holdings Inc. | 0.33% | 1,977 | $9.8M | Add +25.2% |
| BXSL Blackstone Secured Lending F | 0.32% | 302,447 | $9.8M | Add +8.4% |
| IAU iShares Gold Trust | 0.32% | 193,471 | $9.6M | Add +7.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.30% | 98,860 | $9.0M | Add +28.6% |
| BIZD Vaneck BDC Income ETF | 0.30% | 538,042 | $8.9M | Add +6.4% |
| FLRT Pacer Aristotle Pacific Floa | 0.29% | 185,166 | $8.8M | Add +18.7% |
| HD Home Depot Inc. | 0.29% | 22,532 | $8.8M | Add +1.4% |
| GBTC Grayscale Bitcoin Trust ETF | 0.28% | 115,077 | $8.5M | Add +2.6% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.27% | 28,357 | $8.2M | Add +78.5% |
| VIG Vanguard Dividend Apprec ETF | 0.27% | 41,599 | $8.1M | Add +0.6% |
| JPST JPMorgan Ultra-Short Income | 0.27% | 161,058 | $8.1M | Add +7.9% |
| JAAA Janus Henderson Aaa Clo ETF | 0.27% | 158,657 | $8.0M | Add +6.3% |
| SCHG Schwab US Large-Cap Growth | 0.27% | 288,662 | $8.0M | Add +0.9% |
| TQQQ Proshares Ultrapro QQQ | 0.27% | 100,825 | $8.0M | Reduce -32.1% |
| APO Apollo Global Management Inc. | 0.26% | 48,152 | $8.0M | Add +852.8% |
| XLF SS Financial Select Sector | 0.25% | 158,252 | $7.6M | Add +33.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.25% | 69,278 | $7.6M | Reduce -3.4% |
| XOM Exxon Mobil Corp. | 0.25% | 70,876 | $7.6M | Reduce -1.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.25% | 100,454 | $7.6M | Add +10.7% |
| QUAL iShares MSCI USA Quality Fac | 0.25% | 42,286 | $7.5M | Add +11.4% |
| CIBR First Trust Nasdaq Cybersecu | 0.25% | 117,762 | $7.5M | Reduce -4.8% |
| VYM Vanguard High DVD Yield ETF | 0.25% | 58,537 | $7.5M | Add +0.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.25% | 104,537 | $7.5M | Reduce -1.1% |
| IWM iShares Russell 2000 ETF | 0.25% | 33,626 | $7.4M | Reduce -22.2% |
| FETH Fidelity Ethereum Fund | 0.25% | 221,261 | $7.4M | New |
| QCOM Qualcomm Inc. | 0.24% | 46,756 | $7.2M | Reduce -5.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.24% | 16,843 | $7.2M | Add +7.4% |
| IVW iShares S&P 500 Growth ETF | 0.24% | 70,306 | $7.1M | Add +16.6% |
| ABBV Abbvie Inc. | 0.23% | 39,741 | $7.1M | Reduce -6.6% |
| VGT Vanguard Info Tech ETF | 0.23% | 11,335 | $7.0M | Add +6.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 20,573 | $7.0M | Add +17.6% |
| QTEC First Trust Nasdq 100 Tech I | 0.23% | 36,485 | $6.9M | Reduce -17.5% |
| TBIL F/M US Treasury 3 Month Bill | 0.23% | 137,137 | $6.8M | Reduce -14.8% |
| SMIG Bahl & Gaynor S/M Inc. Growth | 0.23% | 232,708 | $6.8M | New |
| IJR iShares Core S&P Small-Cap E | 0.22% | 57,565 | $6.6M | Add +26.5% |
| VZ Verizon Communications Inc. | 0.22% | 165,456 | $6.6M | Reduce -12.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.22% | 191,506 | $6.5M | Add +4.2% |
| SKYY First Trust Cloud Computing | 0.21% | 53,893 | $6.4M | Add +1.3% |
| FSCO FS Credit Opportunities Corp. | 0.21% | 933,051 | $6.4M | Add +9.1% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.21% | 18,469 | $6.3M | Reduce -1.9% |
| GAUG FT Vest US Equity Moderate B | 0.21% | 178,680 | $6.3M | Reduce -0.4% |
| AMD Advanced Micro Devices | 0.21% | 51,485 | $6.2M | Reduce -13.9% |
| IYW iShares Ustechnology ETF | 0.21% | 38,940 | $6.2M | Add +14.5% |
| ARCC Ares Capital Corp. | 0.20% | 281,892 | $6.2M | Add +5.0% |
| PECO Phillips Edison & Company Inc. | 0.20% | 162,972 | $6.1M | Add +18.6% |
| PFF iShares Preferred & Income S | 0.20% | 193,605 | $6.1M | Add +4.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.20% | 111,035 | $6.1M | Add +1804.9% |
| CRM Salesforce Inc. | 0.20% | 17,826 | $6.0M | Add +3.8% |
| RSP Invesco S&P 500 Equal Weight | 0.20% | 33,995 | $6.0M | Add +6.0% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.20% | 87,711 | $6.0M | Add +1.3% |
Portfolio Sells Q3 2024 → Q4 2024
| PDI PIMCO Dynamic Income Fund | Reduce -40.6% | 0.40% | −0.42 |
| LLY Eli Lilly & Co. | Reduce -31.4% | 0.43% | −0.36 |
| TLT iShares 20+ Year Treasury BD | Reduce -65.6% | 0.14% | −0.35 |
| AHR American Healthcare REIT Inc. | Reduce -58.5% | 0.14% | −0.21 |
| NVDA Nvidia Corp. | Reduce -2.3% | 7.81% | −0.19 |
| AMD Advanced Micro Devices | Reduce -13.9% | 0.21% | −0.15 |
| TQQQ Proshares Ultrapro QQQ | Reduce -32.1% | 0.27% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -26.8% | 0.15% | −0.11 |
| HDGE Advisorshares Active Bear Et | Sold out | 0.00% | −0.10 |
| IWM iShares Russell 2000 ETF | Reduce -22.2% | 0.25% | −0.10 |
| XLE SS Energy Select Sector | Reduce -6.4% | 0.49% | −0.10 |
| ETH Grayscale Ethereum Staking M | Reduce -92.3% | 0.01% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -12.6% | 0.22% | −0.09 |
| QTEC First Trust Nasdq 100 Tech I | Reduce -17.5% | 0.23% | −0.08 |
| XLV SS Health Care Select Sector | Reduce -11.7% | 0.19% | −0.08 |
| MMM 3M Co. | Reduce -33.0% | 0.10% | −0.07 |
| ABBV Abbvie Inc. | Reduce -6.6% | 0.23% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -5.3% | 0.24% | −0.07 |
| JEPI JPMorgan Equity Premium Inco | Reduce -5.0% | 0.34% | −0.07 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -14.8% | 0.23% | −0.07 |
| UBER Uber Technologies Inc. | Reduce -17.8% | 0.10% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -34.0% | 0.07% | −0.06 |
| TDVG T Rowe Price Dividend Growth | Reduce -31.6% | 0.09% | −0.06 |
| SMH Vaneck Semiconductor ETF | Reduce -1.5% | 0.44% | −0.06 |
| KXI iShares Global Consumer Stap | Reduce -87.1% | 0.01% | −0.06 |
| BKIE BNY Mellon Intl Eqty ETF | Reduce -87.2% | 0.01% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -1.3% | 0.25% | −0.06 |
| QYLD Global X Nasd 100 Cov Call | Reduce -6.0% | 0.33% | −0.05 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.05 |
| FCX Freeport-McMoran Inc. | Reduce -16.8% | 0.07% | −0.05 |
| PSFF Pacer Swan Sos Fund of Funds | Reduce -26.2% | 0.10% | −0.05 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.05 |
| TOL Toll Brothers Inc. | Reduce -45.9% | 0.03% | −0.05 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.19% | −0.05 |
| RITM Rithm Capital Corp. | Reduce -36.0% | 0.06% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -18.8% | 0.09% | −0.04 |
| AMGN Amgen Inc. | Reduce -17.3% | 0.06% | −0.04 |
| IYR iShares US Real Estate ETF | Reduce -35.1% | 0.05% | −0.04 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -20.6% | 0.10% | −0.04 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -9.6% | 0.17% | −0.04 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -3.4% | 0.25% | −0.04 |
| GE General Electric | Reduce -8.2% | 0.10% | −0.04 |
| WEC WEC Energy Group Inc. | Sold out | 0.00% | −0.04 |
| SCCO Southern Copper Corp. | Reduce -5.8% | 0.07% | −0.04 |
| FNGS Microsectors Fang+ Etns | Reduce -31.3% | 0.09% | −0.04 |
| DLY Doubleline Yield Opport | Reduce -10.0% | 0.12% | −0.04 |
| FIXD First Trust Smith Opportunis | Reduce -13.6% | 0.10% | −0.04 |
| SDIV Global X Superdividend ETF | Sold out | 0.00% | −0.04 |
| PFE Pfizer Inc. | Reduce -3.5% | 0.14% | −0.04 |
| BCD Abrdn Bloomberg All Commodit | Reduce -8.7% | 0.13% | −0.03 |
Portfolio Buys Q3 2024 → Q4 2024
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | New | 0.65% | +0.65 |
| PLTR Palantir Technologies Inc. Class A | Add +139.3% | 0.64% | +0.49 |
| MRVL Marvell Technology Inc. | Add +65.5% | 0.44% | +0.25 |
| FETH Fidelity Ethereum Fund | New | 0.25% | +0.25 |
| AMZN Amazon.com Inc. | Add +4.5% | 2.42% | +0.24 |
| APO Apollo Global Management Inc. | Add +852.8% | 0.26% | +0.24 |
| SMIG Bahl & Gaynor S/M Inc. Growth | New | 0.23% | +0.23 |
| SDVY First Trust Smid Cap Rising | Add +65.8% | 0.63% | +0.20 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +1804.9% | 0.20% | +0.19 |
| MSTR Strategy Inc. | Add +78.5% | 0.27% | +0.17 |
| BX Blackstone Inc. | Add +45.8% | 0.52% | +0.17 |
| NVDY Yieldmax Nvda Option Inc. ETF | Add +1629.5% | 0.16% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +16.8% | 1.98% | +0.14 |
| PAAA Pgim Aaa Clo ETF | New | 0.12% | +0.12 |
| TIDAL TRUST II | New | 0.12% | +0.12 |
| NFLX Netflix Inc. | Add +27.9% | 0.37% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +16.7% | 0.64% | +0.11 |
| ZALT Innovator US Eq 10 Buffer | Add +271.0% | 0.13% | +0.09 |
| TSPA T Rowe Price US Eqy Research | Add +140.2% | 0.16% | +0.09 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +429.1% | 0.10% | +0.08 |
| BKNG Booking Holdings Inc. | Add +25.2% | 0.33% | +0.08 |
| META Meta Platforms Inc. Class A | Add +20.3% | 0.75% | +0.08 |
| GBTC Grayscale Bitcoin Trust ETF | Add +2.6% | 0.28% | +0.07 |
| IYZ iShares US Telecommunication | New | 0.07% | +0.07 |
| FANG Diamondback Energy Inc. | Add +625.8% | 0.09% | +0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +264.6% | 0.13% | +0.07 |
| IYC iShares US Consumer Discreti | Add +893.0% | 0.08% | +0.07 |
| FSK FS KKR Capital Corp. | Add +8.8% | 0.94% | +0.07 |
| ASTS Ast Spacemobile Inc. | New | 0.07% | +0.07 |
| KKR KKR & Co. Inc. | Add +190.2% | 0.10% | +0.07 |
| APP AppLovin Corp. Class A | Add +196.8% | 0.08% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +5.8% | 0.79% | +0.06 |
| OWL Blue Owl Capital Inc. | New | 0.06% | +0.06 |
| IJS iShares S&P Small-Cap 600 Va | Add +276.0% | 0.08% | +0.06 |
| XLF SS Financial Select Sector | Add +33.6% | 0.25% | +0.06 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +243.8% | 0.08% | +0.05 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +17.6% | 0.23% | +0.05 |
| V Visa Inc. Class A | Add +13.1% | 0.36% | +0.05 |
| QDPL Pacer Met US LRG Cap DVD 400 | New | 0.05% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Add +31.2% | 0.19% | +0.05 |
| CSCO Cisco Systems Inc. | Add +50.4% | 0.14% | +0.05 |
| ROUS Hartford Multifact US Eqty | New | 0.05% | +0.05 |
| IVV iShares Core S&P 500 ETF | Add +12.1% | 1.44% | +0.05 |
| WMT Walmart Inc. | Add +11.4% | 0.42% | +0.05 |
| VFLO Victoryshares Free Cash Flow | Add +388.5% | 0.06% | +0.04 |
| EALT Innovator US Eqty 5TO15 Buff | New | 0.04% | +0.04 |
| FLOT iShares Floating Rate Bond E | Add +199.0% | 0.07% | +0.04 |
| NOW ServiceNow Inc. | Add +28.1% | 0.15% | +0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +28.6% | 0.30% | +0.04 |
| XMVM Invesco S&P Midcap Value Wit | Add +104.9% | 0.09% | +0.04 |
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 |