Independent Wealth Network Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 2, 2025), Independent Wealth Network Inc. reported 244 stock positions worth $250.1 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 3.8% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 3.8%) and JPMorgan Ultra-Short Income (JPST, 3.7%). Compared with Q4 2024, it opened 18 new positions, sold out of 9, added to 131 and reduced 89. The biggest buy was a new position in Berkshire Hathaway Class A (BRK.A) and the biggest sale an exit from Fidelity Nasdaq Comp Indx (ONEQ).
- Most Recent 13F
- Q2 2026
- Location
- URBANDALE, IA
- CIK
- 0001891240
- Portfolio Value
- $250.1M (Q1 2025)
- SEC Filing
- 0001891240-25-000003 ↗ filed May 2, 2025
Holdings Value
Holdings 244 stocks · $250.1M
| SPYM Ste STR SPDR PT S&P 500 ETF | 3.78% | 143,876 | $9.5M | Add +1.4% |
| SPYG SS SPDR P S&P 500 Growth ETF | 3.78% | 117,575 | $9.4M | Add +0.0% |
| JPST JPMorgan Ultra-Short Income | 3.71% | 183,083 | $9.3M | Reduce -1.2% |
| CAT Caterpillar Inc. | 3.50% | 26,546 | $8.8M | Reduce -0.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.78% | 136,189 | $7.0M | Add +0.5% |
| ILTB iShares Core 10+ Year Usd Bo | 2.06% | 103,257 | $5.2M | Add +8.6% |
| CVX Chevron Corp. | 2.00% | 29,885 | $5.0M | Reduce -0.5% |
| FLRT Pacer Aristotle Pacific Floa | 1.98% | 105,107 | $4.9M | Add +38.3% |
| ACWI iShares MSCI Acwi ETF | 1.88% | 40,499 | $4.7M | Add +0.3% |
| AAPL Apple Inc. | 1.85% | 20,827 | $4.6M | Reduce -3.6% |
| DFUS Dimensional US Eq MKT ETF | 1.58% | 65,309 | $3.9M | Add +6.3% |
| SPAB SS SPDR P Agg Bond ETF | 1.56% | 152,475 | $3.9M | Reduce -0.1% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 1.51% | 85,135 | $3.8M | Add +2.6% |
| MSFT Microsoft Corp. | 1.47% | 9,770 | $3.7M | Reduce -3.9% |
| VOO Vanguard S&P 500 ETF | 1.25% | 6,071 | $3.1M | Reduce -10.1% |
| RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER | 1.22% | 129,061 | $3.1M | Add +29.5% |
| GLD SPDR Gold Shares | 1.21% | 10,518 | $3.0M | Add +5.2% |
| SLV iShares Silver Trust | 1.16% | 93,933 | $2.9M | Add +3.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.09% | 5,813 | $2.7M | Reduce -0.8% |
| NVDA Nvidia Corp. | 1.07% | 24,668 | $2.7M | Add +2.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.05% | 4,948 | $2.6M | Reduce -1.6% |
| USRT iShares Core US REIT ETF | 1.00% | 43,408 | $2.5M | Add +2.3% |
| AMZN Amazon.com Inc. | 0.98% | 12,864 | $2.4M | Reduce -4.5% |
| VYM Vanguard High DVD Yield ETF | 0.96% | 18,656 | $2.4M | Add +2.9% |
| PSFF Pacer Swan Sos Fund of Funds | 0.92% | 80,827 | $2.3M | Reduce -4.3% |
| FJAN FT Vest U.S. Equity Buffer E | 0.90% | 50,662 | $2.2M | Add +2.6% |
| JEPI JPMorgan Equity Premium Inco | 0.89% | 39,161 | $2.2M | Add +7.9% |
| STIP iShares 0-5 Year Tips Bond E | 0.89% | 21,539 | $2.2M | Add +11.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.86% | 23,512 | $2.2M | Reduce -37.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.83% | 5,576 | $2.1M | Add +1.2% |
| FPE FT-Preferred Secur & Inc. ETF | 0.81% | 114,622 | $2.0M | Add +5.6% |
| FLOT iShares Floating Rate Bond E | 0.79% | 38,626 | $2.0M | Add +74.5% |
| V Visa Inc. Class A | 0.75% | 5,340 | $1.9M | Reduce -0.2% |
| QDPL Pacer Met US LRG Cap DVD 400 | 0.74% | 50,600 | $1.8M | Reduce -18.9% |
| PLTR Palantir Technologies Inc. Class A | 0.74% | 21,865 | $1.8M | Add +1.9% |
| YYY Amplify Cef High Income ETF | 0.73% | 159,164 | $1.8M | Add +10.1% |
| META Meta Platforms Inc. Class A | 0.72% | 3,133 | $1.8M | Reduce -2.3% |
| JMHI JPMorgan High Yield Municpl | 0.68% | 33,917 | $1.7M | Add +3.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.64% | 2 | $1.6M | New |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.63% | 53,094 | $1.6M | Add +26.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.59% | 2,618 | $1.5M | Reduce -0.6% |
| JPUS JPMorgan Div Ret US Eq ETF | 0.58% | 12,524 | $1.4M | Add +1.5% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.57% | 133,882 | $1.4M | Add +10.0% |
| XLK SS Technology Select Sector | 0.57% | 6,951 | $1.4M | Add +20.1% |
| BND Vanguard Total Bond Market | 0.55% | 18,831 | $1.4M | Add +9.8% |
| AGGY Wisdomtree Yield Enhanced US | 0.53% | 30,697 | $1.3M | Add +3.6% |
| KYN Kayne Anderson Energy Infra | 0.53% | 103,487 | $1.3M | Add +6.4% |
| SGOV iShares 0-3 Month Treasury B | 0.53% | 13,093 | $1.3M | Reduce -1.4% |
| KR Kroger Co. | 0.52% | 19,148 | $1.3M | Add +2.2% |
| QYLD Global X Nasd 100 Cov Call | 0.50% | 75,767 | $1.3M | Add +12.3% |
| BKLN Invesco Senior Loan ETF | 0.48% | 58,360 | $1.2M | Add +0.1% |
| XLE SS Energy Select Sector | 0.48% | 12,796 | $1.2M | Add +22.6% |
| MSI Motorola Solutions Inc. | 0.48% | 2,730 | $1.2M | Add +2.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.47% | 14,315 | $1.2M | Reduce -4.1% |
| ZDEK Inno Equ Def Pro ETF - 1 DE | 0.46% | 48,158 | $1.1M | New |
| PGX Invesco Preferred ETF | 0.45% | 101,122 | $1.1M | Add +11.8% |
| DVY iShares Select Dividend ETF | 0.44% | 8,283 | $1.1M | Reduce -0.1% |
| ARCC Ares Capital Corp. | 0.44% | 49,774 | $1.1M | Add +4.8% |
| MO Altria Group Inc. | 0.44% | 18,356 | $1.1M | Reduce -0.3% |
| ITA iShares U.S. Aerospace & Def | 0.44% | 7,193 | $1.1M | Add +8.2% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.43% | 32,244 | $1.1M | Add +15.8% |
| LGLV SPDR US LC Low Vol Idx | 0.43% | 6,127 | $1.1M | Add +5.0% |
| SECT Main Sector Rotation ETF | 0.42% | 20,752 | $1.1M | Reduce -7.1% |
| HD Home Depot Inc. | 0.41% | 2,827 | $1.0M | Add +1.3% |
| VCIT Vanguard Int-Term Corporate | 0.41% | 12,619 | $1.0M | Add +7.8% |
| XOM Exxon Mobil Corp. | 0.41% | 8,611 | $1.0M | Add +2.8% |
| COST Costco Wholesale Corp. | 0.39% | 1,042 | $986K | Reduce -15.9% |
| VNQ Vanguard Real Estate ETF | 0.39% | 10,838 | $981K | Add +4.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.39% | 3,836 | $966K | Add +7.2% |
| MINT PIMCO Enhanced Short Maturit | 0.38% | 9,479 | $954K | Reduce -8.6% |
| VIG Vanguard Dividend Apprec ETF | 0.38% | 4,906 | $952K | Reduce -2.4% |
| XMMO Invesco S&P Midcap Momentum | 0.37% | 8,095 | $921K | Add +12.4% |
| VTIP Vanguard Short-Term Tips | 0.36% | 18,139 | $905K | Reduce -1.4% |
| IAU iShares Gold Trust | 0.36% | 15,237 | $898K | Add +23.0% |
| HACK Amplify Cybersecurity ETF | 0.35% | 12,334 | $886K | Add +5.0% |
| EFA iShares MSCI Eafe ETF | 0.35% | 10,828 | $885K | Add +7.7% |
| HON Honeywell International Inc. | 0.35% | 4,124 | $873K | Add +2.2% |
| TSLA Tesla Inc. | 0.35% | 3,365 | $872K | Reduce -0.5% |
| FTSM First Trust Enh Short Mat FD | 0.35% | 14,522 | $869K | Reduce -14.8% |
| IVV iShares Core S&P 500 ETF | 0.34% | 1,519 | $854K | Reduce -3.9% |
| ET Energy Transfer LP | 0.34% | 45,781 | $851K | Reduce -3.8% |
| BA The Boeing Co. | 0.33% | 4,861 | $829K | Add +3.4% |
| SOXX iShares Semiconductor ETF | 0.29% | 3,829 | $720K | Reduce -14.8% |
| CME Cme Group Inc. | 0.29% | 2,687 | $713K | Add +0.1% |
| JCPB JPMorgan Core Plus Bond ETF | 0.28% | 15,077 | $709K | Add +3.6% |
| CLX Clorox Company | 0.28% | 4,778 | $704K | Add +12.1% |
| GOOG Alphabet Inc. Class C | 0.28% | 4,500 | $703K | Reduce -1.0% |
| HSY The Hershey Co. | 0.28% | 4,043 | $691K | Add +2.3% |
| JNJ Johnson & Johnson | 0.28% | 4,164 | $691K | Reduce -10.9% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.27% | 2,796 | $684K | Reduce -3.3% |
| SDVY First Trust Smid Cap Rising | 0.27% | 20,417 | $684K | Reduce -9.2% |
| CASY Casey's General Stores Inc. | 0.27% | 1,565 | $679K | Add +1.4% |
| SCHG Schwab US Large-Cap Growth | 0.27% | 26,871 | $673K | Add +31.2% |
| EWA iShares MSCI Australia ETF | 0.26% | 28,235 | $662K | Add +9.0% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 0.26% | 21,159 | $656K | Add +38.6% |
| BUFB Innovator Ladd Allo Buff ETF | 0.26% | 20,797 | $653K | Add +6.9% |
| SPEM State Street SP PTF Em ETF | 0.26% | 16,224 | $639K | Add +5.4% |
| IDV iShares International Select | 0.25% | 20,482 | $635K | Add +3.4% |
| JSML Janus Hender SM Cap GRW Alph | 0.25% | 10,384 | $632K | Add +5.7% |
| AAXJ iShares MSCI All Country Asi | 0.25% | 8,533 | $631K | Add +8.6% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $613K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 511 | $613K | Add +1.6% |
Total filed on the 13F, all lines: $250.7M.
Portfolio Sells Q4 2024 → Q1 2025
| ONEQ Fidelity Nasdaq Comp Indx | Sold out | 0.00% | −0.72 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -37.6% | 0.86% | −0.54 |
| CAT Caterpillar Inc. | Reduce -0.2% | 3.50% | −0.42 |
| AAPL Apple Inc. | Reduce -3.6% | 1.85% | −0.35 |
| MSFT Microsoft Corp. | Reduce -3.9% | 1.47% | −0.28 |
| QDPL Pacer Met US LRG Cap DVD 400 | Reduce -18.9% | 0.74% | −0.23 |
| VOO Vanguard S&P 500 ETF | Reduce -10.1% | 1.25% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -4.5% | 0.98% | −0.22 |
| TSLA Tesla Inc. | Reduce -0.5% | 0.35% | −0.21 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 1.09% | −0.13 |
| GM General Motors Co. | Sold out | 0.00% | −0.12 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.12 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.11 |
| SOXX iShares Semiconductor ETF | Reduce -14.8% | 0.29% | −0.11 |
| BLK BlackRock Inc. | Sold out | 0.00% | −0.10 |
| XYZ Block Inc. | Sold out | 0.00% | −0.10 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.09 |
| JPST JPMorgan Ultra-Short Income | Reduce -1.2% | 3.71% | −0.09 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.08 |
| PSFF Pacer Swan Sos Fund of Funds | Reduce -4.3% | 0.92% | −0.08 |
| GOOGL Alphabet Inc. Class A | Reduce -20.2% | 0.14% | −0.08 |
| SECT Main Sector Rotation ETF | Reduce -7.1% | 0.42% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 0.28% | −0.07 |
| AVGO Broadcom Inc. | Reduce -4.0% | 0.15% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -15.9% | 0.39% | −0.07 |
| FTSM First Trust Enh Short Mat FD | Reduce -14.8% | 0.35% | −0.07 |
| SOFI Sofi Technologies Inc. | Reduce -25.9% | 0.07% | −0.06 |
| SDVY First Trust Smid Cap Rising | Reduce -9.2% | 0.27% | −0.05 |
| AIRR First Trust Rba American Ind | Reduce -18.0% | 0.13% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -25.9% | 0.17% | −0.05 |
| F Ford Motor Co. | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.6% | 0.59% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -2.3% | 0.72% | −0.04 |
| MINT PIMCO Enhanced Short Maturit | Reduce -8.6% | 0.38% | −0.04 |
| IWM iShares Russell 2000 ETF | Reduce -6.5% | 0.19% | −0.04 |
| ET Energy Transfer LP | Reduce -3.8% | 0.34% | −0.04 |
| CNRG SS SPDR S&P Kensho CLP ETF | Reduce -7.1% | 0.12% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -3.9% | 0.34% | −0.04 |
| UEC Uranium Energy Corp. | Reduce -6.1% | 0.06% | −0.03 |
| VGT Vanguard Info Tech ETF | Reduce -7.2% | 0.11% | −0.03 |
| ABBV Abbvie Inc. | Reduce -25.4% | 0.18% | −0.03 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -1.9% | 0.19% | −0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -3.3% | 0.27% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -4.1% | 0.47% | −0.02 |
| TOST Toast Inc. Class A | Reduce -12.2% | 0.08% | −0.02 |
| FNX First Trust Mid Cap Core Alp | Reduce -3.4% | 0.17% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.4% | 0.38% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.3% | 0.14% | −0.02 |
| RBLX Roblox Corp. Class A | Reduce -17.2% | 0.09% | −0.02 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -4.5% | 0.18% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.64% | +0.64 |
| FLRT Pacer Aristotle Pacific Floa | Add +38.3% | 1.98% | +0.51 |
| ZDEK Inno Equ Def Pro ETF - 1 DE | New | 0.46% | +0.46 |
| FLOT iShares Floating Rate Bond E | Add +74.5% | 0.79% | +0.33 |
| RDFI Rareview Dynamic Fixed Incom | Add +29.5% | 1.22% | +0.26 |
| GLD SPDR Gold Shares | Add +5.2% | 1.21% | +0.23 |
| SLV iShares Silver Trust | Add +3.8% | 1.16% | +0.19 |
| ILTB iShares Core 10+ Year Usd Bo | Add +8.6% | 2.06% | +0.18 |
| FDVV Fidelity High Dividend ETF | New | 0.14% | +0.14 |
| XLE SS Energy Select Sector | Add +22.6% | 0.48% | +0.11 |
| BUFR FT Vest Lad Buffervetf-Usd I | Add +26.5% | 0.63% | +0.11 |
| IAU iShares Gold Trust | Add +23.0% | 0.36% | +0.11 |
| PM Philip Morris International | New | 0.11% | +0.11 |
| WINN Harbor Long-Term Growers ETF | Add +153.6% | 0.19% | +0.11 |
| STIP iShares 0-5 Year Tips Bond E | Add +11.5% | 0.89% | +0.10 |
| DVN Devon Energy Corp. | New | 0.10% | +0.10 |
| AGG iShares Core U.S. Aggregate | Add +56.8% | 0.24% | +0.09 |
| BITO Proshares Bitcoin ETF-Usd | New | 0.09% | +0.09 |
| RSG Republic Services Inc. | New | 0.09% | +0.09 |
| INTC Intel Corp. | New | 0.09% | +0.09 |
| UBER Uber Technologies Inc. | New | 0.08% | +0.08 |
| CTAS Cintas Corp. | New | 0.08% | +0.08 |
| IEMG iShares Core MSCI Emerging | New | 0.08% | +0.08 |
| SNA Snap-on Inc. | New | 0.08% | +0.08 |
| SPHD Invesco S&P 500 High Dividen | New | 0.08% | +0.08 |
| BR Broadridge Financial Solutio | New | 0.08% | +0.08 |
| FAST Fastenal Co. | New | 0.08% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | Add +1.9% | 0.74% | +0.08 |
| PG The Procter & Gamble Co. | Add +56.9% | 0.20% | +0.07 |
| CGBL Cap Group Core Balanced | Add +38.6% | 0.26% | +0.07 |
| SCHV Schwab US Large-Cap Value | Add +41.5% | 0.20% | +0.06 |
| IDEV iShares Core MSCI Dev MKTS | Add +46.8% | 0.17% | +0.06 |
| RIVN Rivian Automotive Inc. Class A | New | 0.06% | +0.06 |
| KR Kroger Co. | Add +2.2% | 0.52% | +0.05 |
| BND Vanguard Total Bond Market | Add +9.8% | 0.55% | +0.05 |
| XFOFX Cohen & Steers Closed-End Op | New | 0.05% | +0.05 |
| YYY Amplify Cef High Income ETF | Add +10.1% | 0.73% | +0.05 |
| QCOM Qualcomm Inc. | Add +58.4% | 0.13% | +0.05 |
| ITA iShares U.S. Aerospace & Def | Add +8.2% | 0.44% | +0.05 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +2.6% | 1.51% | +0.05 |
| JEPI JPMorgan Equity Premium Inco | Add +7.9% | 0.89% | +0.05 |
| EFA iShares MSCI Eafe ETF | Add +7.7% | 0.35% | +0.04 |
| XAWFX Alliancebernstein GL Hi Inc. | Add +10.0% | 0.57% | +0.04 |
| XOM Exxon Mobil Corp. | Add +2.8% | 0.41% | +0.04 |
| T AT&T Inc. | Add +0.7% | 0.20% | +0.04 |
| HYLS FT Tactical High Yield ETF | Add +32.7% | 0.17% | +0.04 |
| SCHG Schwab US Large-Cap Growth | Add +31.2% | 0.27% | +0.04 |
| CGUS Cap Group Core Equity | Add +15.8% | 0.43% | +0.03 |
| LGLV SPDR US LC Low Vol Idx | Add +5.0% | 0.43% | +0.03 |
| IDV iShares International Select | Add +3.4% | 0.25% | +0.03 |
Notes & Other Activity Q4 2024 → Q1 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.6% | 511 | $613K |
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 | 337 | $392.6M | CAT, SPYM, JPST, SPYG, QQQ |
| Q1 2026 | 295 | $336.0M | CAT, SPYM, JPST, SPYG, SLV |
| Q4 2025 | 286 | $326.7M | CAT, SPYG, SPYM, JPST, SPYV |
| Q3 2025 | 281 | $310.5M | SPYG, CAT, SPYM, JPST, SPYV |
| Q2 2025 | 257 | $274.2M | SPYG, SPYM, CAT, JPST, SPYV |
| Q1 2025 | 244 | $250.1M | SPYM, SPYG, JPST, CAT, SPYV |
| Q4 2024 | 235 | $245.9M | SPYG, SPYM, CAT, JPST, SPYV |
| Q3 2024 | 221 | $225.6M | CAT, SPYG, JPST, SPYM, SPYV |
| Q2 2024 | 213 | $214.3M | SPYG, CAT, SPYM, SPYV, JPST |
| Q1 2024Amended | 221 | $212.8M | CAT, SPYG, SPYM, SPYV, JPST |