1y return+17.8%S&P 500 +20.9%
3y return+63.7%S&P 500 +68.5%
5y return+51.1%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since March 31, 2020: $251 against $290 in the S&P 500.2
Independent Financial Group, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $342.6M | 6.4% | +1.3% |
| QQQInvesco Qqq Tr | $143.1M | 2.7% | +5.2% |
| AAPLApple Inc | $141.6M | 2.6% | |
| MUMicron Technology Inc | $128.2M | 2.4% | +30.2% |
| AVGOBroadcom Inc | $119.6M | 2.2% | +2.1% |
| AMZNAmazon Com Inc | $94.9M | 1.8% | +4.0% |
| IVVIshares Tr | $91.4M | 1.7% | +29.6% |
| SPYState Str Spdr S&p 500 Etf T | $80.5M | 1.5% | +1.6% |
| MSFTMicrosoft Corp | $72.0M | 1.3% | +4.3% |
| VTIVanguard Index Fds | $53.9M | 1.0% | +4.4% |
| GOOGAlphabet Inc | $53.7M | 1.0% | +7.2% |
| PAAAPgim Etf Tr | $51.4M | 1.0% | −32.8% |
| XLKSelect Sector Spdr Tr | $49.5M | 0.9% | +17.1% |
| TSMTaiwan Semiconductor Manufac | $47.2M | 0.9% | +11.0% |
| AMDAdvanced Micro Devices Inc | $44.7M | 0.8% | |
| GOOGLAlphabet Inc | $42.0M | 0.8% | |
| SMHVaneck Etf Trust | $40.9M | 0.8% | +6.1% |
| TSLATesla Inc | $38.3M | 0.7% | +3.7% |
| SPYMSpdr Series Trust | $37.5M | 0.7% | −5.5% |
| SNDKSandisk Corp | $35.6M | 0.7% | +141.2% |
| CGDVCapital Group Dividend Value | $33.8M | 0.6% | +8.6% |
| SOXXIshares Tr | $33.1M | 0.6% | +61.8% |
| BUFRFirst Tr Exchng Traded Fd Vi | $31.9M | 0.6% | +3.4% |
| COSTCostco Wholesale Corporation | $31.8M | 0.6% | −2.5% |
| GARPIshares Tr | $30.9M | 0.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $342.6M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $119.6M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $44.7M |
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $19.3M |
| TSMTaiwan Semiconductor Manufac | June 30, 2020 | +741.2% | $47.2M |
| SMHVaneck Etf Trust | September 30, 2020 | +653.1% | $40.9M |
| SOXXIshares Tr | June 30, 2020 | +609.7% | $33.1M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $42.0M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $53.7M |
| PLTRPalantir Technologies Inc | December 31, 2020 | +395.4% | $22.0M |
Sold off last quarter
- Honeywell Intl IncCUSIP 438516106 was $3.3M
- IGEBIshares Tr was $3.2M
- FETForum Energy Technologies In was $1.8M
- IAGGIshares Tr was $1.6M
- Costamare IncCUSIP Y1771G102 was $1.6M
- CALMCal Maine Foods Inc was $1.5M
- KALUKaiser Aluminium Corporation was $1.1M
- SONSonoco Prods Co was $1.0M
- Carnival CorpCUSIP 143658300 was $933K
- Strategy IncCUSIP 594972887 was $917K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +12.5% | +14.8% |
| March 31, 2026 | −3.5% | −4.6% |
| December 31, 2025 | +0.8% | +2.4% |
| September 30, 2025 | +7.8% | +7.8% |
| June 30, 2025 | +11.9% | +10.5% |
| March 31, 2025 | −6.2% | −4.6% |
| December 31, 2024 | +3.2% | +2.1% |
| September 30, 2024 | +4.1% | +5.4% |
| June 30, 2024 | +4.7% | +4.0% |
| March 31, 2024 | +9.9% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +8.1% | +8.3% |
| March 31, 2023 | +7.8% | +7.0% |
| December 31, 2022 | +3.6% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −18.9% | −16.5% |
| March 31, 2022 | −5.2% | −4.9% |
| December 31, 2021 | +7.5% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Independent Financial Group, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=275484&type=13F-HR&dateb=&owner=include&count=40CIK 275484
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/275484/000027548426000028/Filed July 15, 2026 · accession 0000275484-26-000028