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Portfolio (Quarterly) Guide ↗

INDEPENDENT FINANCIAL GROUP, LLC

· CIK 0000275484
13F Portfolio $4.5B AUM 1,405 positions Filed May 15, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 1405 New
Page 13 of 71  ·  1,405 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 WM WASTE MGMT INC DEL Industrials 15,530.0 $3.4M 0.08% NEW $219.71 +1.4%
242 DGRO ISHARES TR 49,149.0 $3.4M 0.08% NEW $69.42 +5.9%
243 XLP SELECT SECTOR SPDR TR 43,869.0 $3.4M 0.08% NEW $77.68 +10.8%
244 XLG INVESCO EXCHANGE TRADED FD T 57,430.0 $3.4M 0.08% NEW $59.28 +6.3%
245 DIS DISNEY WALT CO Communication Services 29,861.0 $3.4M 0.08% NEW $113.77 -8.6%
246 IVE ISHARES TR 15,945.0 $3.4M 0.07% NEW $212.06 +5.8%
247 ADX ADAMS DIVERSIFIED EQUITY FD Financial Services 144,745.0 $3.4M 0.07% NEW $23.32 +5.2%
248 NREF NEXPOINT REAL ESTATE FIN INC Real Estate 238,133.0 $3.4M 0.07% NEW $14.08 +7.5%
249 IJS ISHARES TR 29,421.0 $3.3M 0.07% NEW $113.72 +9.9%
250 SHOP SHOPIFY INC Technology 20,771.0 $3.3M 0.07% NEW $160.97 -36.4%
251 CALF PACER FDS TR 75,350.0 $3.3M 0.07% NEW $44.37 +6.1%
252 GAB GABELLI EQUITY TR INC Financial Services 541,503.0 $3.3M 0.07% NEW $6.17 -10.2%
253 SHY ISHARES TR 40,328.0 $3.3M 0.07% NEW $82.82 -0.9%
254 DBEF DBX ETF TR 69,393.0 $3.3M 0.07% NEW $48.11 +7.7%
255 LRCX LAM RESEARCH CORP Technology 19,501.0 $3.3M 0.07% NEW $171.18 +62.4%
256 VBR VANGUARD INDEX FDS 15,680.0 $3.3M 0.07% NEW $211.79 +6.7%
257 PDEC INNOVATOR ETFS TRUST 76,357.0 $3.3M 0.07% NEW $43.38 +4.4%
258 FS SPECIALTY LENDING FD 232,711.0 $3.3M 0.07% NEW $14.14
259 DIVB ISHARES TR 61,841.0 $3.3M 0.07% NEW $53.15 +10.4%
260 SPLV INVESCO EXCH TRADED FD TR II 45,992.0 $3.3M 0.07% NEW $71.42 +2.8%
Page 13 of 71  ·  1,405 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 41.8%
Financial Services 23.5%
Consumer Cyclical 8.5%
Communication Services 7.4%
Industrials 4.1%
Healthcare 3.7%
Real Estate 3.4%
Consumer Defensive 3.2%
Energy 1.8%
Basic Materials 1.5%