Indie Asset Partners, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Indie Asset Partners, LLC reported 78 stock positions worth $75.1 million. Its top holding was Eli Lilly (LLY) at 9.4% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 7.6%) and Apple (AAPL, 6.9%). Compared with Q2 2025, it opened 13 new positions, sold out of 2, added to 25 and reduced 21. The biggest buy was Eli Lilly (LLY, shares +624%) and the biggest sale Microsoft (MSFT, shares −9%).

Most Recent 13F
Q2 2026
Location
CARMEL, IN
CIK
0001802244
Portfolio Value
$75.1M (Q3 2025)
SEC Filing
0001802244-25-000010 ↗ filed Nov 6, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $112.4M Q1 2024 Q2 2024: $125.6M Q2 2024 Q3 2024: $133.5M Q3 2024 Q4 2024: $127.3M Q4 2024 Q1 2025: $115.4M Q1 2025 Q2 2025: $55.0M Q2 2025 Q3 2025: $75.1M $75.1M Q3 2025 Q4 2025: $89.7M Q4 2025 Q1 2026: $87.8M Q1 2026 Q2 2026: $104.4M Q2 2026

Holdings 78 stocks · $75.1M
LLY Eli Lilly & Co. 9.36% 9,214 $7.0M Add +623.8%
VEU Vanguard Ftse All-World Ex-U 7.64% 80,445 $5.7M Add +1.4%
AAPL Apple Inc. 6.93% 20,456 $5.2M Reduce -1.8%
MSFT Microsoft Corp. 5.08% 7,366 $3.8M Reduce -8.8%
NVDA Nvidia Corp. 4.17% 16,791 $3.1M Add +4.0%
PAAA Pgim Aaa Clo ETF 3.76% 54,853 $2.8M New
ITA iShares U.S. Aerospace & Def 3.41% 12,230 $2.6M Add +211.4%
DFIS Dimensional International SM 2.96% 70,385 $2.2M Add +0.8%
SLYV SS SPDR S&P 600 SC Val ETF 2.80% 23,702 $2.1M Reduce -7.7%
VDE Vanguard Energy ETF 2.75% 16,385 $2.1M Reduce -6.8%
SCHG Schwab US Large-Cap Growth 2.73% 64,224 $2.0M Add +0.6%
SCHE Schwab Emrg Mrkts Eqty ETF 2.33% 52,527 $1.8M Add +9.6%
IGPT Invesco AI and Next Gen Soft 1.99% 27,722 $1.5M Reduce -3.1%
SCHD Schwab US DVD Equity ETF 1.97% 54,235 $1.5M Reduce -3.1%
SLYG SS SPDR S&P 600 SC GR ETF 1.80% 14,317 $1.4M Reduce -3.1%
JPM JPMorgan Chase & Co. 1.58% 3,764 $1.2M Reduce -1.0%
IYT iShares US Transportation Et 1.52% 15,932 $1.1M Add +18.3%
GDX Vaneck Gold Miners ETF 1.51% 14,844 $1.1M No change
AMZN Amazon.com Inc. 1.49% 5,105 $1.1M Reduce -4.7%
SCHB Schwab US Broad Market ETF 1.36% 39,773 $1.0M No change
XOM Exxon Mobil Corp. 1.30% 8,695 $980K Add +296.3%
IVV iShares Core S&P 500 ETF 1.30% 1,461 $978K Add +10.4%
GLD SPDR Gold Shares 1.20% 2,542 $904K Reduce -11.7%
AMLP Alerian MLP ETF 1.15% 18,450 $866K Reduce -0.4%
SPY SS SPDR S&P 500 ETF Trust-US 1.11% 1,255 $836K Add +2.0%
FBND Fidelity Total Bond ETF 1.01% 16,445 $760K Add +50.7%
DNP DNP Select Income Fund Inc. 1.00% 75,000 $751K Add +66.7%
VOO Vanguard S&P 500 ETF 0.96% 1,176 $720K Reduce -0.2%
IYH iShares U.S. Healthcare ETF 0.92% 11,765 $691K Reduce -6.1%
CVX Chevron Corp. 0.89% 4,313 $670K Add +125.5%
META Meta Platforms Inc. Class A 0.87% 892 $655K Reduce -6.8%
SPSM SS SPDR P S&P 600 Small Cap 0.85% 13,805 $639K Reduce -0.2%
QUAL iShares MSCI USA Quality Fac 0.84% 3,230 $628K Add +85.1%
BRK.B Berkshire Hathaway Inc. Class B 0.76% 1,142 $574K No change
TSLA Tesla Inc. 0.75% 1,269 $564K Add +0.2%
VTI VG Morningstar TS MKT ETF-US 0.75% 1,708 $561K Reduce -1.0%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.70% 8,859 $524K Add +140.6%
CMCSA Comcast Corp. Class A 0.70% 16,675 $524K New
MPC Marathon Petroleum Corp. 0.67% 2,600 $501K No change
AESI Atlas Energy Solutions Inc. 0.66% 43,580 $496K Add +0.8%
DUK Duke Energy Corp. 0.63% 3,819 $473K New
VUG Vanguard Mrngstar GR ETF-Sui 0.59% 920 $441K Add +18.4%
GOOGL Alphabet Inc. Class A 0.58% 1,805 $439K Reduce -5.3%
MCD McDonald's Corp. 0.55% 1,353 $411K No change
CEF Sprott Physical Gold and Sil 0.52% 10,568 $388K No change
V Visa Inc. Class A 0.51% 1,132 $386K Reduce -1.7%
VIG Vanguard Dividend Apprec ETF 0.51% 1,777 $383K Add +21.6%
IJH iShares Core S&P Midcap ETF 0.50% 5,767 $376K Add +8.1%
SCI Service Corp. International 0.46% 4,161 $346K No change
TPL Texas Pacific Land Corp. 0.42% 340 $317K Reduce -12.8%
IEFA iShares Core MSCI Eafe ETF 0.41% 3,505 $306K Add +0.7%
MISL First Trust Indxx Aero & Def 0.40% 7,175 $297K New
SHEL Shell PLC-ADR 0.39% 4,065 $291K No change
GE General Electric filed as GE AEROSPACE 0.39% 966 $291K No change
NOC Northrop Grumman Corp. 0.39% 475 $289K No change
VEA Vanguard Ftse Developed ETF 0.38% 4,764 $285K Add +1.0%
COST Costco Wholesale Corp. 0.38% 307 $284K Reduce -8.9%
MO Altria Group Inc. 0.37% 4,236 $280K Add +0.1%
GOOG Alphabet Inc. Class C 0.36% 1,107 $270K New
TFPM Triple Flag Precious Met 0.36% 9,200 $269K No change
CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET 0.35% 6,689 $264K No change
AMT American Tower Corp. 0.35% 1,365 $263K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.35% 1,404 $262K New
BBEU JPMorgan Betabuilders Europe 0.34% 3,649 $254K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.34% 824 $254K New
LMT Lockheed Martin Corp. 0.34% 507 $253K No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.33% 3,273 $251K No change
FITB Fifth Third Bancorp 0.33% 5,564 $248K Add +0.3%
B Barrick Mining Corp. 0.33% 7,498 $246K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.31% 832 $235K New
AVGO Broadcom Inc. 0.31% 700 $231K New
KO The Coca-Cola Co. 0.28% 3,148 $209K Reduce -0.6%
SCHF Schwab Intl Equity ETF 0.27% 8,783 $204K New
BSM Black Stone Minerals LP 0.27% 15,500 $204K No change
VGT Vanguard Info Tech ETF 0.27% 272 $203K New
SII Sprott Inc. 0.27% 2,420 $201K New
KEY Keycorp 0.25% 10,000 $187K No change
AREC American Resources Corp. 0.09% 25,000 $68K No change

Portfolio Sells Q2 2025 → Q3 2025
MSFT Microsoft Corp. Reduce -8.8% 5.08% −2.23
VDE Vanguard Energy ETF Reduce -6.8% 2.75% −1.06
SLYV SS SPDR S&P 600 SC Val ETF Reduce -7.7% 2.80% −0.93
AAPL Apple Inc. Reduce -1.8% 6.93% −0.84
SCHD Schwab US DVD Equity ETF Reduce -3.1% 1.97% −0.73
AMZN Amazon.com Inc. Reduce -4.7% 1.49% −0.65
SLYG SS SPDR S&P 600 SC GR ETF Reduce -3.1% 1.80% −0.59
IGPT Invesco AI and Next Gen Soft Reduce -3.1% 1.99% −0.56
NEE Nextera Energy Inc. Sold out 0.00% −0.50
AMLP Alerian MLP ETF Reduce -0.4% 1.15% −0.49
JPM JPMorgan Chase & Co. Reduce -1.0% 1.58% −0.43
META Meta Platforms Inc. Class A Reduce -6.8% 0.87% −0.41
GLD SPDR Gold Shares Reduce -11.7% 1.20% −0.39
T AT&T Inc. Sold out 0.00% −0.37
IYH iShares U.S. Healthcare ETF Reduce -6.1% 0.92% −0.37
TPL Texas Pacific Land Corp. Reduce -12.8% 0.42% −0.33
VOO Vanguard S&P 500 ETF Reduce -0.2% 0.96% −0.26
V Visa Inc. Class A Reduce -1.7% 0.51% −0.23
COST Costco Wholesale Corp. Reduce -8.9% 0.38% −0.23
SPSM SS SPDR P S&P 600 Small Cap Reduce -0.2% 0.85% −0.22
VTI VG Morningstar TS MKT ETF-US Reduce -1.0% 0.75% −0.21
KO The Coca-Cola Co. Reduce -0.6% 0.28% −0.13
GOOGL Alphabet Inc. Class A Reduce -5.3% 0.58% −0.03

Portfolio Buys Q2 2025 → Q3 2025
LLY Eli Lilly & Co. Add +623.8% 9.36% +7.55
PAAA Pgim Aaa Clo ETF New 3.76% +3.76
ITA iShares U.S. Aerospace & Def Add +211.4% 3.41% +2.06
XOM Exxon Mobil Corp. Add +296.3% 1.30% +0.87
CMCSA Comcast Corp. Class A New 0.70% +0.70
DUK Duke Energy Corp. New 0.63% +0.63
MISL First Trust Indxx Aero & Def New 0.40% +0.40
CVX Chevron Corp. Add +125.5% 0.89% +0.39
GOOG Alphabet Inc. Class C New 0.36% +0.36
VTV Vanguard Mrngstr Val ETF-Aui New 0.35% +0.35
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.34% +0.34
DYNF Ishrs US E F R A ETF-Usd Inc. Add +140.6% 0.70% +0.33
B Barrick Mining Corp. New 0.33% +0.33
IBM Intl Business Machines Corp. New 0.31% +0.31
AVGO Broadcom Inc. New 0.31% +0.31
SCHF Schwab Intl Equity ETF New 0.27% +0.27
VGT Vanguard Info Tech ETF New 0.27% +0.27
SII Sprott Inc. New 0.27% +0.27
QUAL iShares MSCI USA Quality Fac Add +85.1% 0.84% +0.26
DNP DNP Select Income Fund Inc. Add +66.7% 1.00% +0.20
FBND Fidelity Total Bond ETF Add +50.7% 1.01% +0.10
TSLA Tesla Inc. Add +0.2% 0.75% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Add +18.4% 0.59% −0.03
VIG Vanguard Dividend Apprec ETF Add +21.6% 0.51% −0.03
MO Altria Group Inc. Add +0.1% 0.37% −0.08
FITB Fifth Third Bancorp Add +0.3% 0.33% −0.09
IJH iShares Core S&P Midcap ETF Add +8.1% 0.50% −0.10
VEA Vanguard Ftse Developed ETF Add +1.0% 0.38% −0.11
IEFA iShares Core MSCI Eafe ETF Add +0.7% 0.41% −0.12
IYT iShares US Transportation Et Add +18.3% 1.52% −0.16
IVV iShares Core S&P 500 ETF Add +10.4% 1.30% −0.19
SPY SS SPDR S&P 500 ETF Trust-US Add +2.0% 1.11% −0.27
SCHE Schwab Emrg Mrkts Eqty ETF Add +9.6% 2.33% −0.30
AESI Atlas Energy Solutions Inc. Add +0.8% 0.66% −0.39
NVDA Nvidia Corp. Add +4.0% 4.17% −0.47
SCHG Schwab US Large-Cap Growth Add +0.6% 2.73% −0.66
DFIS Dimensional International SM Add +0.8% 2.96% −0.83
VEU Vanguard Ftse All-World Ex-U Add +1.4% 7.64% −2.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 86$104.4MLLY, AAPL, VEU, PAAA, ITA
Q1 2026 83$87.8MLLY, AAPL, VEU, PAAA, MSFT
Q4 2025 81$89.7MLLY, VEU, AAPL, PAAA, MSFT
Q3 2025 78$75.1MLLY, VEU, AAPL, MSFT, NVDA
Q2 2025 67$55.0MVEU, AAPL, MSFT, NVDA, VDE
Q1 2025 96$115.4MLLY, AAPL, MSFT, META, VDE
Q4 2024 115$127.3MLLY, AAPL, MSFT, META, SLYV
Q3 2024 116$133.5MLLY, AAPL, MSFT, META, SLYV
Q2 2024 101$125.6MLLY, AAPL, MSFT, META, SLYV
Q1 2024 86$112.4MLLY, AAPL, MSFT, SLYV, VDE