INDEPENDENT FINANCIAL GROUP, LLC

CIK 0000275484 · Q2 2026

13F Equity AUM

$5.3B

+20.0% QoQ

Positions

1,546

-1448 QoQ

AUM Rank

#1,465

Top 12%

Skill Alpha (FF)

+0.8%/yr^ns

No Clear Edge

Rank #1,713 · Top 21%

vs S&P +0.9%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 16.4%Top 10: 23.7%Top 20: 31.9%

NVDA6.4%

NDQ2.7%

AAPL2.6%

MU2.4%

AVGO2.2%

AMZN1.8%

IVV1.7%

SPY1.5%

MSFT1.4%

VTI1.0%

Others (1536)76.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

No sector data available.

Position Sizing

Positions: 1546Median: 0.02%Avg: 0.06%

0–0.5%

1516(62.3%)

0.5–1%

19(13.0%)

1–3%

10(18.3%)

3–5%

0(0.0%)

5%+

1(6.4%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 1,546vs 20 funds

0%Low

1,546

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased0Decreased0Exited0

No position changes this quarter.

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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