INDEPENDENT FINANCIAL GROUP, LLC

Q1 2025 13F-HR Holdings

Location
San Diego, CA
Holdings as of
3/31/2025
Date filed
5/19/2026
Form type
13F-HR
Num holdings
1,174
Total value ($000)
$2,909,236
Net value change ($000)
-100,403 (-3.3%)
New positions
130
Sold out positions
111
Turnover %
3.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 6/12/2026 Next filing: 5/15/2026 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PDI 10,912 90.7%
QQQ 10,857 16.7%
PAAA 10,108 279.3%
FSK 7,882 27.8%
ABBV 7,265 102.9%
BND 6,953 200.9%
BALT 6,841 203.2%
BIZD 6,421 71.8%
JAAA 6,357 79.0%
GLD 5,580 35.0%
Top Reduces (Value $000, Stocks/ETFs)
NVDA -58,464 -24.9%
AVGO -24,608 -28.5%
MRVL -12,739 -95.3%
TSLA -11,874 -36.9%
CALF -11,106 -59.6%
AAPL -10,781 -9.3%
AMZN -10,510 -14.4%
MSFT -7,767 -11.5%
BX -7,686 -49.0%
SPY -7,649 -12.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type