Independent Wealth Network Inc.

CIK 0001891240 · Q2 2026

13F Equity AUM

$393.3M

+16.8% QoQ

Positions

338

+42 QoQ

AUM Rank

#5,661

Top 45%

Skill Alpha (FF)

-1.0%/yr^ns

No Clear Edge

Rank #4,318 · Top 52%

vs S&P -2.9%/yr (unadj.)

Quarters Tracked

~5 years

Portfolio Concentration

Top 5: 19.5%Top 10: 27.0%Top 20: 37.6%

CAT7.2%

SPYM4.4%

JPST3.1%

SPYG3.0%

NDQ1.9%

RDFI1.7%

DFUS1.6%

AAPL1.5%

NVDA1.4%

SPYV1.4%

Others (328)73.0%

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

Sector Allocation

Financial Services71.5%

Industrials8.4%

Technology8.1%

Consumer Cyclical2.4%

Energy2.2%

Other7.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 338Median: 0.14%Avg: 0.30%

0–0.5%

295(47.8%)

0.5–1%

28(19.2%)

1–3%

12(18.3%)

3–5%

2(7.5%)

5%+

1(7.2%)

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

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Portfolio Overlap

Shared: 0Unique: 338vs 20 funds

0%Low

338

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

New62Increased165Decreased104Exited20

New Positions

DUKH0.6%

+97K

DUKZ0.5%

+80K

VTI0.2%

+3K

AVLC0.2%

+10K

LDP0.2%

+36K

ZJUN0.2%

+28K

USIG0.2%

+13K

HONEYWELL AEROSPACE …0.1%

+2K

HONEYWELL INTL INC0.1%

+2K

SPACE EXPLORATION TE…0.1%

+2K

Increased

VUG0.9%

+33K(+528%)

DHR0.1%

+17K(+35%)

GRNT0.1%

+15K(+39%)

RDFI1.7%

+15K(+6%)

ARCC0.3%

+14K(+24%)

SHYG0.2%

+13K(+179%)

XLE0.7%

+9K(+20%)

SPYD0.9%

+8K(+12%)

SCIO0.4%

+6K(+8%)

JGH0.1%

+6K(+20%)

Decreased

LAC0.1%

-39,855(-23%)

LQTI0.4%

-25,016(-22%)

FLOT0.4%

-10,441(-24%)

SLV1.3%

-9,157(-9%)

JPST3.1%

-7,282(-3%)

BUXX0.1%

-7,070(-23%)

QYLD0.5%

-7,052(-6%)

GCOW0.3%

-5,362(-17%)

QTEC1.0%

-3,243(-21%)

FLRT0.8%

-3,216(-5%)

Exited

-4,393

-22,391

-8,358

-6,086

-7,383

-2,018

-842

-644

-4,065

-2,381

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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