Indie Asset Partners, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 3, 2026), Indie Asset Partners, LLC reported 81 stock positions worth $89.7 million. Its top holding was Eli Lilly (LLY) at 13.8% of the portfolio, followed by Vanguard Ftse All-World Ex-U (VEU, 6.6%) and Apple (AAPL, 6.5%). Compared with Q3 2025, it opened 7 new positions, sold out of 4, added to 33 and reduced 25. The biggest buy was Eli Lilly (LLY, shares +25%) and the biggest sale Nvidia (NVDA, shares −23%).
- Most Recent 13F
- Q2 2026
- Location
- CARMEL, IN
- CIK
- 0001802244
- Portfolio Value
- $89.7M (Q4 2025)
- SEC Filing
- 0001802244-26-000002 ↗ filed Feb 3, 2026
Holdings Value
Holdings 81 stocks · $89.7M
| LLY Eli Lilly & Co. | 13.82% | 11,536 | $12.4M | Add +25.2% |
| VEU Vanguard Ftse All-World Ex-U | 6.63% | 80,817 | $5.9M | Add +0.5% |
| AAPL Apple Inc. | 6.48% | 21,389 | $5.8M | Add +4.6% |
| PAAA Pgim Aaa Clo ETF | 5.50% | 96,241 | $4.9M | Add +75.5% |
| MSFT Microsoft Corp. | 4.11% | 7,623 | $3.7M | Add +3.5% |
| ITA iShares U.S. Aerospace & Def | 2.95% | 12,335 | $2.6M | Add +0.9% |
| NVDA Nvidia Corp. | 2.70% | 12,965 | $2.4M | Reduce -22.8% |
| DFIS Dimensional International SM | 2.53% | 68,885 | $2.3M | Reduce -2.1% |
| USO United States Oil Fund LP | 2.36% | 30,552 | $2.1M | New |
| DUK Duke Energy Corp. | 2.34% | 17,933 | $2.1M | Add +369.6% |
| SCHG Schwab US Large-Cap Growth | 2.34% | 64,224 | $2.1M | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 2.24% | 22,086 | $2.0M | Reduce -6.8% |
| VDE Vanguard Energy ETF | 2.15% | 15,296 | $1.9M | Reduce -6.7% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.82% | 49,718 | $1.6M | Reduce -5.3% |
| IGPT Invesco AI and Next Gen Soft | 1.73% | 26,162 | $1.6M | Reduce -5.6% |
| AMZN Amazon.com Inc. | 1.70% | 6,625 | $1.5M | Add +29.8% |
| SCHD Schwab US DVD Equity ETF | 1.62% | 53,124 | $1.5M | Reduce -2.0% |
| IVV iShares Core S&P 500 ETF | 1.54% | 2,022 | $1.4M | Add +38.4% |
| JPM JPMorgan Chase & Co. | 1.42% | 3,963 | $1.3M | Add +5.3% |
| GDX Vaneck Gold Miners ETF | 1.42% | 14,834 | $1.3M | Reduce -0.1% |
| IYT iShares US Transportation Et | 1.31% | 15,772 | $1.2M | Reduce -1.0% |
| SLYG SS SPDR S&P 600 SC GR ETF | 1.29% | 12,276 | $1.2M | Reduce -14.3% |
| XOM Exxon Mobil Corp. | 1.16% | 8,655 | $1.0M | Reduce -0.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.13% | 16,664 | $1.0M | Add +88.1% |
| SCHB Schwab US Broad Market ETF | 1.11% | 37,903 | $994K | Reduce -4.7% |
| FBND Fidelity Total Bond ETF | 1.07% | 20,786 | $957K | Add +26.4% |
| GLD SPDR Gold Shares | 1.06% | 2,392 | $948K | Reduce -5.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.95% | 1,255 | $856K | No change |
| VOO Vanguard S&P 500 ETF | 0.92% | 1,320 | $828K | Add +12.2% |
| AMLP Alerian MLP ETF | 0.91% | 17,450 | $820K | Reduce -5.4% |
| DNP DNP Select Income Fund Inc. | 0.86% | 77,000 | $769K | Add +2.7% |
| CVX Chevron Corp. | 0.82% | 4,825 | $735K | Add +11.9% |
| QUAL iShares MSCI USA Quality Fac | 0.80% | 3,592 | $713K | Add +11.2% |
| TSLA Tesla Inc. | 0.77% | 1,539 | $692K | Add +21.3% |
| IYH iShares U.S. Healthcare ETF | 0.77% | 10,566 | $688K | Reduce -10.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.74% | 1,366 | $666K | Add +48.5% |
| META Meta Platforms Inc. Class A | 0.72% | 983 | $649K | Add +10.2% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.71% | 13,583 | $637K | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 1,252 | $629K | Add +9.6% |
| GOOGL Alphabet Inc. Class A | 0.64% | 1,828 | $572K | Add +1.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 1,678 | $563K | Reduce -1.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.61% | 2,844 | $543K | Add +102.6% |
| VIG Vanguard Dividend Apprec ETF | 0.56% | 2,299 | $505K | Add +29.4% |
| CMCSA Comcast Corp. Class A | 0.56% | 16,675 | $498K | No change |
| V Visa Inc. Class A | 0.54% | 1,389 | $487K | Add +22.7% |
| CEF Sprott Physical Gold and Sil | 0.54% | 10,568 | $484K | No change |
| IJH iShares Core S&P Midcap ETF | 0.51% | 6,937 | $458K | Add +20.3% |
| GOOG Alphabet Inc. Class C | 0.50% | 1,436 | $451K | Add +29.7% |
| MCD McDonald's Corp. | 0.45% | 1,331 | $407K | Reduce -1.6% |
| AESI Atlas Energy Solutions Inc. | 0.45% | 42,830 | $403K | Reduce -1.7% |
| EFV iShares MSCI Eafe Value ETF | 0.40% | 5,022 | $359K | New |
| GE General Electric filed as GE AEROSPACE | 0.39% | 1,146 | $353K | Add +18.6% |
| B Barrick Mining Corp. | 0.37% | 7,542 | $328K | Add +0.6% |
| SCI Service Corp. International | 0.36% | 4,161 | $324K | No change |
| SCHF Schwab Intl Equity ETF | 0.36% | 13,367 | $321K | Add +52.2% |
| MISL First Trust Indxx Aero & Def | 0.34% | 7,175 | $307K | No change |
| TFPM Triple Flag Precious Met | 0.34% | 9,200 | $306K | No change |
| SHEL Shell PLC-ADR | 0.33% | 4,065 | $299K | No change |
| TPL Texas Pacific Land Corp. | 0.32% | 990 | $284K | Reduce -2.9% |
| VEA Vanguard Ftse Developed ETF | 0.30% | 4,360 | $272K | Reduce -8.5% |
| COST Costco Wholesale Corp. | 0.30% | 314 | $271K | Add +2.3% |
| CGUS Cap Group Core Equity filed as CAPITAL GROUP CORE EQUITY ET | 0.30% | 6,689 | $269K | No change |
| BBEU JPMorgan Betabuilders Europe | 0.30% | 3,649 | $267K | No change |
| FITB Fifth Third Bancorp | 0.29% | 5,594 | $262K | Add +0.5% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.29% | 824 | $259K | No change |
| AVGO Broadcom Inc. | 0.29% | 749 | $259K | Add +7.0% |
| AMT American Tower Corp. | 0.28% | 1,409 | $247K | Add +3.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.27% | 2,755 | $246K | Reduce -21.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.27% | 820 | $243K | Reduce -1.4% |
| OEF iShares S&P 100 ETF | 0.27% | 701 | $240K | New |
| SII Sprott Inc. | 0.26% | 2,420 | $237K | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.26% | 3,273 | $230K | No change |
| GEV GE Vernova Inc. | 0.25% | 349 | $228K | New |
| BX Blackstone Inc. | 0.25% | 1,427 | $220K | New |
| NOC Northrop Grumman Corp. | 0.24% | 379 | $216K | Reduce -20.2% |
| KO The Coca-Cola Co. | 0.24% | 3,041 | $213K | Reduce -3.4% |
| KEY Keycorp | 0.23% | 10,000 | $206K | No change |
| BSM Black Stone Minerals LP | 0.23% | 15,500 | $206K | No change |
| VGT Vanguard Info Tech ETF | 0.23% | 272 | $205K | No change |
| HD Home Depot Inc. | 0.23% | 592 | $204K | New |
| ELUT Elutia Inc. | 0.01% | 12,612 | $9K | New |
Portfolio Sells Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | Reduce -22.8% | 2.70% | −1.47 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.67 |
| VDE Vanguard Energy ETF | Reduce -6.7% | 2.15% | −0.60 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -6.8% | 2.24% | −0.56 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -5.3% | 1.82% | −0.52 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -14.3% | 1.29% | −0.51 |
| DFIS Dimensional International SM | Reduce -2.1% | 2.53% | −0.43 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.37 |
| SCHD Schwab US DVD Equity ETF | Reduce -2.0% | 1.62% | −0.35 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.34 |
| IGPT Invesco AI and Next Gen Soft | Reduce -5.6% | 1.73% | −0.26 |
| SCHB Schwab US Broad Market ETF | Reduce -4.7% | 1.11% | −0.25 |
| AMLP Alerian MLP ETF | Reduce -5.4% | 0.91% | −0.24 |
| IYT iShares US Transportation Et | Reduce -1.0% | 1.31% | −0.21 |
| AESI Atlas Energy Solutions Inc. | Reduce -1.7% | 0.45% | −0.21 |
| IYH iShares U.S. Healthcare ETF | Reduce -10.2% | 0.77% | −0.15 |
| GLD SPDR Gold Shares | Reduce -5.9% | 1.06% | −0.15 |
| NOC Northrop Grumman Corp. | Reduce -20.2% | 0.24% | −0.14 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 1.16% | −0.14 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -1.6% | 0.71% | −0.14 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -21.4% | 0.27% | −0.13 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -1.8% | 0.63% | −0.12 |
| TPL Texas Pacific Land Corp. | Reduce -2.9% | 0.32% | −0.11 |
| MCD McDonald's Corp. | Reduce -1.6% | 0.45% | −0.09 |
| GDX Vaneck Gold Miners ETF | Reduce -0.1% | 1.42% | −0.09 |
| AREC American Resources Corp. | Sold out | 0.00% | −0.09 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.5% | 0.30% | −0.08 |
| IBM Intl Business Machines Corp. | Reduce -1.4% | 0.27% | −0.04 |
| KO The Coca-Cola Co. | Reduce -3.4% | 0.24% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
| LLY Eli Lilly & Co. | Add +25.2% | 13.82% | +4.46 |
| USO United States Oil Fund LP | New | 2.36% | +2.36 |
| PAAA Pgim Aaa Clo ETF | Add +75.5% | 5.50% | +1.74 |
| DUK Duke Energy Corp. | Add +369.6% | 2.34% | +1.71 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +88.1% | 1.13% | +0.43 |
| EFV iShares MSCI Eafe Value ETF | New | 0.40% | +0.40 |
| OEF iShares S&P 100 ETF | New | 0.27% | +0.27 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +102.6% | 0.61% | +0.26 |
| GEV GE Vernova Inc. | New | 0.25% | +0.25 |
| BX Blackstone Inc. | New | 0.25% | +0.25 |
| IVV iShares Core S&P 500 ETF | Add +38.4% | 1.54% | +0.24 |
| HD Home Depot Inc. | New | 0.23% | +0.23 |
| AMZN Amazon.com Inc. | Add +29.8% | 1.70% | +0.21 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +48.5% | 0.74% | +0.16 |
| GOOG Alphabet Inc. Class C | Add +29.7% | 0.50% | +0.14 |
| SCHF Schwab Intl Equity ETF | Add +52.2% | 0.36% | +0.09 |
| FBND Fidelity Total Bond ETF | Add +26.4% | 1.07% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 0.64% | +0.05 |
| VIG Vanguard Dividend Apprec ETF | Add +29.4% | 0.56% | +0.05 |
| B Barrick Mining Corp. | Add +0.6% | 0.37% | +0.04 |
| V Visa Inc. Class A | Add +22.7% | 0.54% | +0.03 |
| TSLA Tesla Inc. | Add +21.3% | 0.77% | +0.02 |
| ELUT Elutia Inc. | New | 0.01% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +20.3% | 0.51% | +0.01 |
| GE General Electric | Add +18.6% | 0.39% | +0.01 |
| AVGO Broadcom Inc. | Add +7.0% | 0.29% | −0.02 |
| VOO Vanguard S&P 500 ETF | Add +12.2% | 0.92% | −0.04 |
| FITB Fifth Third Bancorp | Add +0.5% | 0.29% | −0.04 |
| QUAL iShares MSCI USA Quality Fac | Add +11.2% | 0.80% | −0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.6% | 0.70% | −0.06 |
| CVX Chevron Corp. | Add +11.9% | 0.82% | −0.07 |
| AMT American Tower Corp. | Add +3.2% | 0.28% | −0.07 |
| COST Costco Wholesale Corp. | Add +2.3% | 0.30% | −0.08 |
| DNP DNP Select Income Fund Inc. | Add +2.7% | 0.86% | −0.14 |
| META Meta Platforms Inc. Class A | Add +10.2% | 0.72% | −0.15 |
| JPM JPMorgan Chase & Co. | Add +5.3% | 1.42% | −0.16 |
| AAPL Apple Inc. | Add +4.6% | 6.48% | −0.45 |
| ITA iShares U.S. Aerospace & Def | Add +0.9% | 2.95% | −0.45 |
| MSFT Microsoft Corp. | Add +3.5% | 4.11% | −0.97 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.5% | 6.63% | −1.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 86 | $104.4M | LLY, AAPL, VEU, PAAA, ITA |
| Q1 2026 | 83 | $87.8M | LLY, AAPL, VEU, PAAA, MSFT |
| Q4 2025 | 81 | $89.7M | LLY, VEU, AAPL, PAAA, MSFT |
| Q3 2025 | 78 | $75.1M | LLY, VEU, AAPL, MSFT, NVDA |
| Q2 2025 | 67 | $55.0M | VEU, AAPL, MSFT, NVDA, VDE |
| Q1 2025 | 96 | $115.4M | LLY, AAPL, MSFT, META, VDE |
| Q4 2024 | 115 | $127.3M | LLY, AAPL, MSFT, META, SLYV |
| Q3 2024 | 116 | $133.5M | LLY, AAPL, MSFT, META, SLYV |
| Q2 2024 | 101 | $125.6M | LLY, AAPL, MSFT, META, SLYV |
| Q1 2024 | 86 | $112.4M | LLY, AAPL, MSFT, SLYV, VDE |