Independent Wealth Network Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Independent Wealth Network Inc. reported 286 stock positions worth $326.7 million. Its top holding was Caterpillar (CAT) at 4.6% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 4.1%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 3.7%). Compared with Q3 2025, it opened 23 new positions, sold out of 18, added to 155 and reduced 99. The biggest buy was iShares Silver Trust (SLV, shares +6%) and the biggest sale an exit from Innovator Ladd Allo Buff ETF (BUFB).
- Most Recent 13F
- Q2 2026
- Location
- URBANDALE, IA
- CIK
- 0001891240
- Portfolio Value
- $326.7M (Q4 2025)
- SEC Filing
- 0001891240-26-000001 ↗ filed Jan 26, 2026
Holdings Value
Holdings 286 stocks · $326.7M
| CAT Caterpillar Inc. | 4.58% | 26,098 | $15.0M | Reduce -1.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.06% | 124,250 | $13.3M | Add +2.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 3.74% | 152,138 | $12.2M | Add +1.9% |
| JPST JPMorgan Ultra-Short Income | 3.07% | 198,406 | $10.0M | Add +1.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.64% | 152,032 | $8.6M | Add +3.0% |
| SLV iShares Silver Trust | 2.17% | 110,259 | $7.1M | Add +5.8% |
| ACWI iShares MSCI Acwi ETF | 1.93% | 44,595 | $6.3M | Add +5.9% |
| ILTB iShares Core 10+ Year Usd Bo | 1.89% | 124,108 | $6.2M | Add +9.2% |
| AAPL Apple Inc. | 1.63% | 19,607 | $5.3M | Add +0.1% |
| RDFI Rareview Dynamic Fixed Incom filed as COLLABORATIVE INVESTMNT SER | 1.57% | 214,225 | $5.1M | Add +13.3% |
| NVDA Nvidia Corp. | 1.56% | 27,322 | $5.1M | Reduce -0.1% |
| DFUS Dimensional US Eq MKT ETF | 1.56% | 68,521 | $5.1M | Add +1.2% |
| CVX Chevron Corp. | 1.51% | 32,376 | $4.9M | Add +1.4% |
| SPAB SS SPDR P Agg Bond ETF | 1.49% | 189,497 | $4.9M | Add +9.4% |
| MSFT Microsoft Corp. | 1.45% | 9,819 | $4.7M | Add +7.0% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 1.27% | 95,584 | $4.1M | Add +8.0% |
| VOO Vanguard S&P 500 ETF | 1.26% | 6,576 | $4.1M | Reduce -0.5% |
| QQQ Invesco QQQ Trust Series 1 | 1.22% | 6,506 | $4.0M | Add +11.1% |
| GLD SPDR Gold Shares | 1.21% | 9,970 | $4.0M | Add +0.8% |
| FLRT Pacer Aristotle Pacific Floa | 1.20% | 83,382 | $3.9M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 1.07% | 15,160 | $3.5M | Add +2.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.97% | 6,528 | $3.2M | Add +5.9% |
| USRT iShares Core US REIT ETF | 0.87% | 50,155 | $2.9M | Add +4.8% |
| VYM Vanguard High DVD Yield ETF | 0.83% | 18,871 | $2.7M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.81% | 5,240 | $2.6M | Add +0.8% |
| STIP iShares 0-5 Year Tips Bond E | 0.77% | 24,484 | $2.5M | Add +8.6% |
| FJAN FT Vest U.S. Equity Buffer E | 0.76% | 47,747 | $2.5M | Reduce -4.2% |
| JEPI JPMorgan Equity Premium Inco | 0.74% | 42,463 | $2.4M | Reduce -0.2% |
| PLTR Palantir Technologies Inc. Class A | 0.74% | 13,540 | $2.4M | Reduce -3.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.71% | 25,378 | $2.3M | Reduce -1.3% |
| PSFF Pacer Swan Sos Fund of Funds | 0.71% | 71,640 | $2.3M | Reduce -0.8% |
| FPE FT-Preferred Secur & Inc. ETF | 0.68% | 122,698 | $2.2M | Reduce -2.0% |
| LQTI FT Vest Invst GRD TRGT I ETF | 0.68% | 110,790 | $2.2M | Add +8.2% |
| FLOT iShares Floating Rate Bond E | 0.68% | 43,462 | $2.2M | Reduce -6.6% |
| META Meta Platforms Inc. Class A | 0.65% | 3,206 | $2.1M | Reduce -0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.63% | 3,038 | $2.1M | Add +7.0% |
| YYY Amplify Cef High Income ETF | 0.63% | 178,945 | $2.1M | Reduce -0.6% |
| QYLD Global X Nasd 100 Cov Call | 0.61% | 113,225 | $2.0M | Add +5.2% |
| V Visa Inc. Class A | 0.61% | 5,681 | $2.0M | Add +0.7% |
| XLK SS Technology Select Sector | 0.60% | 13,591 | $2.0M | Add +2.3% |
| JPUS JPMorgan Div Ret US Eq ETF | 0.59% | 15,514 | $1.9M | Add +7.0% |
| BND Vanguard Total Bond Market | 0.56% | 24,507 | $1.8M | Add +13.4% |
| GOOG Alphabet Inc. Class C | 0.52% | 5,373 | $1.7M | Reduce -1.8% |
| TSLA Tesla Inc. | 0.51% | 3,701 | $1.7M | Add +1.1% |
| BKLN Invesco Senior Loan ETF | 0.51% | 78,747 | $1.7M | Add +7.2% |
| ZDEK Inno Equ Def Pro ETF - 1 DE | 0.50% | 63,745 | $1.6M | Reduce -0.4% |
| XMMO Invesco S&P Midcap Momentum | 0.49% | 11,537 | $1.6M | Add +17.5% |
| BUFR FT Vest Lad Buffervetf-Usd I | 0.49% | 46,335 | $1.6M | Reduce -27.2% |
| XAWFX Alliancebernstein GL Hi Inc. | 0.48% | 148,030 | $1.6M | Add +0.3% |
| SNTH MRP Synthequity ETF | 0.48% | 56,931 | $1.6M | New |
| AGGY Wisdomtree Yield Enhanced US | 0.47% | 34,840 | $1.5M | Add +2.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.46% | 2 | $1.5M | No change |
| ITA iShares U.S. Aerospace & Def | 0.44% | 6,677 | $1.4M | Add +2.0% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.44% | 35,476 | $1.4M | Reduce -2.2% |
| IAU iShares Gold Trust | 0.43% | 17,207 | $1.4M | Reduce -5.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.43% | 5,494 | $1.4M | Add +0.0% |
| SOXX iShares Semiconductor ETF | 0.42% | 4,584 | $1.4M | Add +3.8% |
| DLN Wisdomtree US Largecap Divid | 0.42% | 15,601 | $1.4M | Add +0.1% |
| SECT Main Sector Rotation ETF | 0.41% | 21,002 | $1.4M | Add +0.6% |
| XEMD Bondbloxx-JPM Usd Em MK 1-10 | 0.41% | 30,242 | $1.3M | Add +197.0% |
| KYN Kayne Anderson Energy Infra | 0.41% | 108,623 | $1.3M | Add +3.5% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.40% | 4,313 | $1.3M | Add +1.0% |
| SHY iShares 1-3 Year Treasury Bo | 0.39% | 15,546 | $1.3M | Reduce -0.4% |
| PGX Invesco Preferred ETF | 0.39% | 112,683 | $1.3M | Reduce -0.2% |
| SGOV iShares 0-3 Month Treasury B | 0.38% | 12,522 | $1.3M | Reduce -25.6% |
| GOOGL Alphabet Inc. Class A | 0.38% | 4,013 | $1.3M | Add +1.0% |
| XLE SS Energy Select Sector | 0.37% | 27,329 | $1.2M | Add +0.3% |
| KR Kroger Co. | 0.37% | 19,549 | $1.2M | Add +32.7% |
| DVY iShares Select Dividend ETF | 0.36% | 8,293 | $1.2M | Reduce -0.1% |
| IVV iShares Core S&P 500 ETF | 0.35% | 1,691 | $1.2M | Add +9.0% |
| BA The Boeing Co. | 0.35% | 5,233 | $1.1M | Add +3.0% |
| LGLV SPDR US LC Low Vol Idx | 0.34% | 6,415 | $1.1M | Reduce -0.4% |
| VCIT Vanguard Int-Term Corporate | 0.34% | 13,447 | $1.1M | Reduce -0.4% |
| EFA iShares MSCI Eafe ETF | 0.33% | 11,381 | $1.1M | Add +3.5% |
| XOM Exxon Mobil Corp. | 0.33% | 9,005 | $1.1M | Add +2.2% |
| ARCC Ares Capital Corp. | 0.33% | 53,241 | $1.1M | Add +5.3% |
| VIG Vanguard Dividend Apprec ETF | 0.33% | 4,834 | $1.1M | Reduce -2.5% |
| CLX Clorox Company | 0.32% | 10,251 | $1.0M | Add +89.0% |
| JCPB JPMorgan Core Plus Bond ETF | 0.32% | 21,779 | $1.0M | Add +11.5% |
| MSI Motorola Solutions Inc. | 0.32% | 2,690 | $1.0M | Add +0.6% |
| VNQ Vanguard Real Estate ETF | 0.32% | 11,646 | $1.0M | Reduce -3.4% |
| WINN Harbor Long-Term Growers ETF | 0.31% | 32,688 | $1.0M | Add +9.3% |
| HACK Amplify Cybersecurity ETF | 0.31% | 12,534 | $1.0M | Add +3.6% |
| JSML Janus Hender SM Cap GRW Alph | 0.31% | 13,647 | $1.0M | Add +1.3% |
| CGBL Cap Group Core Balanced filed as CAPITAL GROUP CORE BALANCED | 0.30% | 28,065 | $992K | Reduce -1.9% |
| MO Altria Group Inc. | 0.30% | 17,075 | $985K | Reduce -6.3% |
| VTIP Vanguard Short-Term Tips | 0.29% | 19,298 | $954K | Add +1.6% |
| AGG iShares Core U.S. Aggregate | 0.29% | 9,490 | $948K | Add +29.4% |
| ET Energy Transfer LP | 0.29% | 56,873 | $938K | Reduce -3.4% |
| CME Cme Group Inc. | 0.28% | 3,387 | $925K | Add +26.1% |
| IDEV iShares Core MSCI Dev MKTS | 0.28% | 11,198 | $924K | Add +16.5% |
| COST Costco Wholesale Corp. | 0.28% | 1,062 | $916K | Add +1.7% |
| FYC First Trust Small Cap Growth | 0.27% | 9,342 | $898K | Add +0.7% |
| SPEM State Street SP PTF Em ETF | 0.27% | 19,146 | $896K | Add +8.2% |
| FEX First Trust Large Cap Core A | 0.27% | 7,530 | $893K | Add +9.3% |
| MINT PIMCO Enhanced Short Maturit | 0.27% | 8,852 | $888K | Add +3.1% |
| IDV iShares International Select | 0.27% | 22,108 | $872K | Add +4.3% |
| GCOW Pacer Global Cash Cows Divid | 0.26% | 20,974 | $865K | Reduce -8.5% |
| SCHG Schwab US Large-Cap Growth | 0.26% | 26,483 | $864K | Add +2.0% |
| CASY Casey's General Stores Inc. | 0.26% | 1,560 | $862K | Add +2.2% |
Options reported separately and not counted above: INTC calls ($1K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $648K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 535 | $648K | Add +1.5% |
Total filed on the 13F, all lines: $327.4M.
Portfolio Sells Q3 2025 → Q4 2025
| BUFB Innovator Ladd Allo Buff ETF | Sold out | 0.00% | −0.25 |
| BUFR FT Vest Lad Buffervetf-Usd I | Reduce -27.2% | 0.49% | −0.20 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.19 |
| SGOV iShares 0-3 Month Treasury B | Reduce -25.6% | 0.38% | −0.16 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Sold out | 0.00% | −0.15 |
| PCMM BBLX Private Credit Clo ETF | Sold out | 0.00% | −0.15 |
| META Meta Platforms Inc. Class A | Reduce -0.8% | 0.65% | −0.12 |
| LAC Lithium Americas Corp. | Reduce -9.8% | 0.20% | −0.11 |
| JMHI JPMorgan High Yield Municpl | Sold out | 0.00% | −0.10 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.10 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.10 |
| FLOT iShares Floating Rate Bond E | Reduce -6.6% | 0.68% | −0.09 |
| PLTR Palantir Technologies Inc. Class A | Reduce -3.6% | 0.74% | −0.09 |
| FLRT Pacer Aristotle Pacific Floa | Reduce -1.4% | 1.20% | −0.09 |
| MO Altria Group Inc. | Reduce -6.3% | 0.30% | −0.09 |
| FAST Fastenal Co. | Sold out | 0.00% | −0.08 |
| NVDA Nvidia Corp. | Reduce -0.1% | 1.56% | −0.08 |
| COWZ Pacer US Cash Cows 100 ETF | Sold out | 0.00% | −0.08 |
| FDL First Trust Morn DVD Lead Inc. | Sold out | 0.00% | −0.07 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.07 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.07 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.07 |
| CTAS Cintas Corp. | Sold out | 0.00% | −0.07 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.07 |
| HD Home Depot Inc. | Reduce -16.5% | 0.12% | −0.06 |
| YYY Amplify Cef High Income ETF | Reduce -0.6% | 0.63% | −0.05 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -2.0% | 0.68% | −0.05 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -1.3% | 0.71% | −0.05 |
| TIDAL TRUST II | Sold out | 0.00% | −0.05 |
| FJAN FT Vest U.S. Equity Buffer E | Reduce -4.2% | 0.76% | −0.05 |
| ORCL Oracle Corp. | Reduce -8.9% | 0.07% | −0.05 |
| XFOFX Cohen & Steers Closed-End Op | Sold out | 0.00% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -0.5% | 1.26% | −0.04 |
| APP AppLovin Corp. Class A | Reduce -24.6% | 0.08% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -3.4% | 0.32% | −0.04 |
| FLTR Vaneck Ig Floating Rate ETF | Reduce -19.9% | 0.12% | −0.04 |
| JEPI JPMorgan Equity Premium Inco | Reduce -0.2% | 0.74% | −0.04 |
| ET Energy Transfer LP | Reduce -3.4% | 0.29% | −0.04 |
| SDVY First Trust Smid Cap Rising | Reduce -11.2% | 0.21% | −0.04 |
| PANW Palo Alto Networks Inc. | Reduce -25.6% | 0.06% | −0.04 |
| PGX Invesco Preferred ETF | Reduce -0.2% | 0.39% | −0.03 |
| ICVT iShares Convertible Bond ETF | Reduce -8.6% | 0.20% | −0.03 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.7% | 0.83% | −0.03 |
| BABA Alibaba Group Holding-SP ADR | Reduce -3.1% | 0.10% | −0.03 |
| WMT Walmart Inc. | Reduce -17.2% | 0.17% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -20.9% | 0.09% | −0.03 |
| ARKK ARK Innovation ETF | Reduce -5.8% | 0.12% | −0.03 |
| AVGO Broadcom Inc. | Reduce -10.8% | 0.23% | −0.03 |
| GCOW Pacer Global Cash Cows Divid | Reduce -8.5% | 0.26% | −0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -0.9% | 0.24% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| SLV iShares Silver Trust | Add +5.8% | 2.17% | +0.75 |
| SNTH MRP Synthequity ETF | New | 0.48% | +0.48 |
| XEMD Bondbloxx-JPM Usd Em MK 1-10 | Add +197.0% | 0.41% | +0.27 |
| ZECP Zacks Earnings Consistent Po | New | 0.15% | +0.15 |
| UHT Universal Health RLTY Income | New | 0.11% | +0.11 |
| CLX Clorox Company | Add +89.0% | 0.32% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +11.1% | 1.22% | +0.09 |
| RDFI Rareview Dynamic Fixed Incom | Add +13.3% | 1.57% | +0.09 |
| MEDP Medpace Holdings Inc. | New | 0.09% | +0.09 |
| VGSH Vanguard Short-Term Treasury | New | 0.09% | +0.09 |
| NKE Nike Inc. Class B | New | 0.08% | +0.08 |
| AVUS Avantis U.S. Equity ETF | New | 0.08% | +0.08 |
| GLD SPDR Gold Shares | Add +0.8% | 1.21% | +0.08 |
| KLAC KLA Corp. | New | 0.07% | +0.07 |
| SHYG iShares 0-5 YR HY Corp. Bond | New | 0.07% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 0.38% | +0.07 |
| AMAT Applied Materials Inc. | New | 0.07% | +0.07 |
| AJG Arthur J Gallagher & Co. | New | 0.07% | +0.07 |
| NDAQ Nasdaq Inc. | New | 0.07% | +0.07 |
| SEIV Sei Qim US Large Cap Value A | New | 0.07% | +0.07 |
| SEIM Sei Qim US Large Cap Momentu | New | 0.07% | +0.07 |
| QUIZ Zacks QLTY Inter'l Fund | New | 0.07% | +0.07 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.07% | +0.07 |
| RTX RTX Corp. | New | 0.06% | +0.06 |
| TRI Thomson Reuters Corp. | New | 0.06% | +0.06 |
| BCS Barclays PLC-Spons ADR | New | 0.06% | +0.06 |
| PFG Principal Financial Group | New | 0.06% | +0.06 |
| INTU Intuit Inc. | New | 0.06% | +0.06 |
| KNG FT Vest S&P 500 DVD Arst TRG | New | 0.06% | +0.06 |
| XMMO Invesco S&P Midcap Momentum | Add +17.5% | 0.49% | +0.06 |
| ACWI iShares MSCI Acwi ETF | Add +5.9% | 1.93% | +0.06 |
| KR Kroger Co. | Add +32.7% | 0.37% | +0.05 |
| AGG iShares Core U.S. Aggregate | Add +29.4% | 0.29% | +0.05 |
| KSS Kohls Corp. | Add +2.6% | 0.23% | +0.05 |
| FSSL FS Specialty Lending Fund | New | 0.05% | +0.05 |
| SPAB SS SPDR P Agg Bond ETF | Add +9.4% | 1.49% | +0.05 |
| CME Cme Group Inc. | Add +26.1% | 0.28% | +0.05 |
| MU Micron Technology Inc. | Add +0.6% | 0.12% | +0.05 |
| LLY Eli Lilly & Co. | Add +3.7% | 0.16% | +0.05 |
| ILTB iShares Core 10+ Year Usd Bo | Add +9.2% | 1.89% | +0.04 |
| IVW iShares S&P 500 Growth ETF | Add +33.3% | 0.17% | +0.04 |
| BND Vanguard Total Bond Market | Add +13.4% | 0.56% | +0.04 |
| SOXX iShares Semiconductor ETF | Add +3.8% | 0.42% | +0.04 |
| FDVV Fidelity High Dividend ETF | Add +20.5% | 0.25% | +0.04 |
| IDEV iShares Core MSCI Dev MKTS | Add +16.5% | 0.28% | +0.03 |
| IEMG iShares Core MSCI Emerging | Add +32.6% | 0.15% | +0.03 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +42.9% | 0.10% | +0.03 |
| AAPL Apple Inc. | Add +0.1% | 1.63% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.0% | 0.63% | +0.02 |
| INTC Intel Corp. | Add +20.8% | 0.11% | +0.02 |
Notes & Other Activity Q3 2025 → Q4 2025
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Add +1.5% | 535 | $648K |
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 |