INDEPENDENT FINANCIAL GROUP, LLC

13F filer, CIK 275484, SAN DIEGO, CA

INDEPENDENT FINANCIAL GROUP, LLC reported $3,009,638,503 across 1,155 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2026-06-12. Its ten largest share positions make up 27.08% of the portfolio.

Filed 2026-06-12 (acceptance time not in the bulk data set), ingested 2026-10-06 09:57:27 UTC13F-HR 0000275484-26-000012

Period: 2024-12-31
Reported value: $3.01B
Holdings: 1,155
Top 10 weight: 27.08%
New: 136
Sold out: 107

Largest buys vs the previous quarter

Security	Shares change	Approx. value
QQQEnew	+218,127	$19.6M
PLTRadded	+147,374	$11.1M
SPYadded	+14,617	$8.57M
SCHDadded	+297,419	$8.13M
SDVYadded	+211,414	$7.58M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
PDIreduced	-448,603	-$8.23M
TLTreduced	-89,050	-$7.78M
AHRreduced	-214,104	-$6.08M
LLYreduced	-7,615	-$5.88M
NVDAreduced	-40,418	-$5.43M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2024

Share positions as resolved from 13F-HR 0000275484-26-000012, largest first. % of portfolio is the value over $3,009,638,503, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MSIMOTOROLA SOLUTIONS INC	519	$240K	0.01%	+16	Timeline
DAYDAYFORCE INC	3,297	$239K	0.01%	new	Timeline
HIGHARTFORD INSURANCE GROUP INC	2,183	$239K	0.01%	new	Timeline
CAHCARDINAL HEALTH INC	2,016	$238K	0.01%	+25	Timeline
IRDMIRIDIUM COMMUNICATIONS INC	8,200	$238K	0.01%	0	Timeline
EMXCISHARES INC	4,289	$238K	0.01%	+64	Timeline
PEYINVESCO EXCHANGE TRADED FD T	11,149	$237K	0.01%	0	Timeline
CLXCLOROX CO DEL	1,459	$237K	0.01%	-417	Timeline
LISTED FD TRLISTED FD TR	6,078	$237K	0.01%	-705
NUKZEXCHANGE TRADED CONCEPTS TRU	5,777	$236K	0.01%	new	Timeline
VFMFVANGUARD WELLINGTON FD	1,804	$236K	0.01%	0	Timeline
EWJISHARES INC	3,503	$235K	0.01%	-2,142	Timeline
AIGAMERICAN INTL GROUP INC	3,223	$235K	0.01%	-454	Timeline
UTWORBB FD INC	4,879	$234K	0.01%	-658	Timeline
EQIXEQUINIX INC	248	$234K	0.01%	+2	Timeline
EJULINNOVATOR ETFS TRUST	9,485	$234K	0.01%	0	Timeline
ASOACADEMY SPORTS & OUTDOORS IN	4,050	$233K	0.01%	new	Timeline
STXFEA SERIES TRUST	6,143	$232K	0.01%	0	Timeline
SSNCSS&C TECH HLDGS	3,062	$232K	0.01%	+5	Timeline
MPCMARATHON PETE CORP	1,663	$232K	0.01%	-177	Timeline
TDGTRANSDIGM GROUP INC	183	$232K	0.01%	new	Timeline
SCZISHARES TR	3,813	$232K	0.01%	+9	Timeline
DFASDIMENSIONAL ETF TRUST	3,535	$230K	0.01%	+349	Timeline
VICIVICI PPTYS INC	7,864	$230K	0.01%	-2,287	Timeline
DIVGLOBAL X FDS	12,717	$229K	0.01%	-56	Timeline
PCNPIMCO CORPORATE & INCM STRG	17,055	$229K	0.01%	+35	Timeline
DFEBFIRST TR EXCHNG TRADED FD VI	5,357	$229K	0.01%	-47	Timeline
SIXOAIM ETF PRODUCTS TRUST	7,050	$228K	0.01%	0	Timeline
ULSTSSGA ACTIVE ETF TR	5,646	$228K	0.01%	+629	Timeline
FOXFOX CORP	4,985	$228K	0.01%	new	Timeline
SYLDCAMBRIA ETF TR	3,330	$228K	0.01%	new	Timeline
BRBROADRIDGE FINL SOLUTIONS IN	1,007	$228K	0.01%	+1	Timeline
QQQINEOS ETF TRUST	4,346	$228K	0.01%	new	Timeline
JBLJABIL INC	1,578	$227K	0.01%	new	Timeline
AMEDISYS INCAMEDISYS INC	2,500	$227K	0.01%	0
TKRTIMKEN CO	3,157	$225K	0.01%	+17	Timeline
LRGELEGG MASON ETF INVT	2,981	$224K	0.01%	-29	Timeline
TOTALENERGIES SE -SPON ADRTOTALENERGIES SE -SPON ADR	4,115	$224K	0.01%	new
VTWVVANGUARD SCOTTSDALE FDS	1,550	$224K	0.01%	-33	Timeline
STMSTMICROELECTRONICS N V	8,965	$224K	0.01%	+668	Timeline
QGRWWISDOMTREE TR	4,538	$224K	0.01%	-75	Timeline
PAYXPAYCHEX INC	1,594	$224K	0.01%	-25	Timeline
FEPFIRST TR EXCH TRD ALPHDX FD	6,236	$223K	0.01%	+99	Timeline
VIOGVANGUARD ADMIRAL FDS INC	1,919	$223K	0.01%	+245	Timeline
WYWEYERHAEUSER CO	7,926	$223K	0.01%	-682	Timeline
CCAPCRESCENT CAP BDC INC	11,600	$223K	0.01%	new	Timeline
FDUSFIDUS INVT CORP	10,600	$223K	0.01%	-4,000	Timeline
BITBLACKROCK MULTI SECTOR INC T	15,193	$222K	0.01%	-3,175	Timeline
TWLOTWILIO INC	2,052	$222K	0.01%	new	Timeline
IYJISHARES TR	1,659	$222K	0.01%	+2	Timeline
BNYBANK OF NY MELLON CORP	2,880	$221K	0.01%	new	Timeline
EFAVISHARES TR	3,116	$220K	0.01%	+32	Timeline
IUSINVESCO EXCH TRD SLF IDX FD	4,422	$220K	0.01%	-100	Timeline
WLFCWILLIS LEASE FIN CORP	1,056	$219K	0.01%	new	Timeline
IBKRINTERACTIVE BROKERS GROUP IN	1,238	$219K	0.01%	-1,590	Timeline
FXHFIRST TR EXCHANGE-TRADED FD	2,099	$219K	0.01%	0	Timeline
CTASCINTAS CORP	1,194	$218K	0.01%	+38	Timeline
DAPPVANECK ETF TRUST	15,171	$218K	0.01%	new	Timeline
VFMOVANGUARD WELLINGTON FD	1,325	$218K	0.01%	0	Timeline
CHKPCHECK POINT SOFTWARE TECH LT	1,161	$217K	0.01%	+71	Timeline
PRTHPRIORITY TECHNOLOGY HLDGS IN	18,434	$217K	0.01%	new	Timeline
AITAPPLIED INDL TECHNOLOGIES IN	900	$216K	0.01%	-100	Timeline
DUOLDUOLINGO INC	664	$215K	0.01%	-485	Timeline
DECWAIM ETF PRODUCTS TRUST	7,074	$215K	0.01%	-1,223	Timeline
CMECME GROUP INC	924	$215K	0.01%	new	Timeline
ALNYALNYLAM PHARMACEUTICALS INC	905	$213K	0.01%	new	Timeline
FJULFIRST TR EXCHNG TRADED FD VI	4,343	$213K	0.01%	0	Timeline
JCIJOHNSON CONTROLS INTERNATION	2,689	$212K	0.01%	new	Timeline
IXJISHARES TR	2,467	$212K	0.01%	-800	Timeline
WUWESTERN UN CO	19,992	$212K	0.01%	-6,200	Timeline
METMETLIFE INC	2,585	$212K	0.01%	-254	Timeline
AFSMFIRST TR EXCHNG TRADED FD VI	7,030	$211K	0.01%	-212	Timeline
SCHVSCHWAB STRATEGIC TR	8,109	$211K	0.01%	+5,417	Timeline
KXIISHARES TR	3,506	$211K	0.01%	-23,678	Timeline
VLUEISHARES TR	2,002	$211K	0.01%	+3	Timeline
SNYSANOFI SA	4,379	$211K	0.01%	+523	Timeline
IGM BIOSCIENCES INCIGM BIOSCIENCES INC	34,500	$211K	0.01%	new
MSTXTIDAL TR II DEFIANCE DAILY TAR	5,983	$210K	0.01%	-12,386	Timeline
TAPMOLSON COORS BEVERAGE CO	3,672	$210K	0.01%	new	Timeline
NZFNUVEEN MUN CR INCOME FD	17,294	$210K	0.01%	+307	Timeline
EDCONSOLIDATED EDISON INC	2,337	$209K	0.01%	-200	Timeline
BAXBAXTER INTL INC	7,137	$208K	0.01%	new	Timeline
REGLPROSHARES TR	2,577	$208K	0.01%	new	Timeline
TERTERADYNE INC	1,651	$208K	0.01%	-119	Timeline
DHID R HORTON INC	1,485	$208K	0.01%	new	Timeline
MRCCMONROE CAP CORP	24,419	$208K	0.01%	0	Timeline
FSMBFIRST TR EXCH TRADED FD III	10,456	$207K	0.01%	-53	Timeline
NAZNUVEEN ARIZONA QLTY MUN INC	18,182	$207K	0.01%	+1	Timeline
ARKBARK 21SHARES BITCOIN ETF	2,217	$207K	0.01%	-1,025	Timeline
SRPTSAREPTA THERAPEUTICS INC	1,700	$207K	0.01%	new	Timeline
UWMPROSHARES TR	4,917	$206K	0.01%	new	Timeline
VEUVANGUARD INTL EQUITY INDEX F	3,571	$205K	0.01%	-2,183	Timeline
FFLGFIDELITY COVINGTON TRUST	8,165	$205K	0.01%	new	Timeline
BKIEBNY MELLON ETF TRUST	2,825	$205K	0.01%	-19,237	Timeline
SBLKSTAR BULK CARRIERS CORP.	13,680	$205K	0.01%	new	Timeline
PSMDPACER FDS TR	7,020	$204K	0.01%	0	Timeline
ORLYOREILLY AUTOMOTIVE INC	172	$204K	0.01%	new	Timeline
ZBHZIMMER BIOMET HOLDINGS INC	1,927	$204K	0.01%	-131	Timeline
RSSSRESEARCH SOLUTIONS INC	48,989	$203K	0.01%	new	Timeline
HQHABRDN HEALTHCARE INVESTORS	12,661	$203K	0.01%	-4,529	Timeline
BXPBXP INC	2,704	$201K	0.01%	+216	Timeline
COLBCOLUMBIA BKG SYS INC	7,440	$201K	0.01%	new	Timeline
MTZMASTEC INC	1,475	$201K	0.01%	new	Timeline
HMYHARMONY GOLD MNG LTD	24,387	$200K	0.01%	+503	Timeline
PERIPERION NETWORK LTD	23,000	$197K	0.01%	0	Timeline
IAINNOVATIVE SOLUTIONS & SUPPO	22,133	$189K	0.01%	new	Timeline
XEFRXEATON VANCE SR FLTNG RTE TR	14,350	$184K	0.01%	new	Timeline
PCTPURECYCLE TECHNOLOGIES INC	17,787	$182K	0.01%	new	Timeline
VALEVALE S A	20,371	$181K	0.01%	+2,171	Timeline
OPFIOPPFI INC	23,303	$179K	0.01%	new	Timeline
HQLABRDN LIFE SCIENCES INVESTOR	13,150	$173K	0.01%	new	Timeline
MAXMEDIAALPHA INC	15,261	$172K	0.01%	new	Timeline
OPHCOPTIMUMBANK HLDGS INC	35,353	$168K	0.01%	new	Timeline
GOFGUGGENHEIM STRATEGIC OPPORTU	10,768	$164K	0.01%	-3,400	Timeline
KINSKINGSTONE COS INC	10,778	$164K	0.01%	new	Timeline
ESOAENERGY SERVICES OF AMER CORP	12,958	$164K	0.01%	-6,064	Timeline
HNNAHENNESSY ADVISORS INC	12,553	$160K	0.01%	new	Timeline
MFICMIDCAP FINANCIAL INVSTMNT CO	11,747	$158K	0.01%	-38,345	Timeline
HFROHIGHLAND OPPS & INCOME FD	30,476	$158K	0.01%	-34,780	Timeline
AENTALLIANCE ENTERTAINMENT HOLDI	16,547	$150K	<0.01%	new	Timeline
PBRPETROLEO BRASILEIRO S A	11,604	$149K	<0.01%	-739	Timeline
PSLVSPROTT ASSET MANAGEMENT LP	15,022	$145K	<0.01%	-747	Timeline
NWLNEWELL BRANDS INC	14,265	$142K	<0.01%	+1,000	Timeline
HYLNHYLIION HOLDINGS CORP	53,352	$139K	<0.01%	new	Timeline
HAINHAIN CELESTIAL GROUP INC	22,100	$136K	<0.01%	-5,200	Timeline
PHKPIMCO HIGH INCOME FD	27,500	$134K	<0.01%	+500	Timeline
GLOBAL X FDSGLOBAL X FDS	12,517	$122K	<0.01%	+345
MQYBLACKROCK MUNIYILD QULT FD I	10,510	$121K	<0.01%	0	Timeline
Veru IncVeru Inc	165,500	$108K	<0.01%	-68,500
ACHRARCHER AVIATION INC	11,030	$108K	<0.01%	new	Timeline
LUMNLUMEN TECHNOLOGIES INC	20,056	$106K	<0.01%	-5,744	Timeline
OPTUOPTIMUM COMMUNICATIONS INC	44,100	$106K	<0.01%	-1,045	Timeline
GGTGABELLI MULTIMEDIA TR INC	23,466	$105K	<0.01%	0	Timeline
ASGLIBERTY ALL-STAR GROWTH FD I	17,663	$99.8K	<0.01%	+1	Timeline
PIONEER MUNICIPAL HIGH INCO…PIONEER MUNICIPAL HIGH INCOME	11,400	$96.1K	<0.01%	0
ACPABRDN INCOME CREDIT STRATEGI	15,151	$90.5K	<0.01%	-4,355	Timeline
PMLPIMCO MUN INCOME FD II	11,171	$90.4K	<0.01%	0	Timeline
JOBYJOBY AVIATION INC	10,575	$86K	<0.01%	+205	Timeline
EDFVIRTUS STONE HBR EMRG MKTS I	17,900	$84.1K	<0.01%	0	Timeline
T-Rex 2X Long MSTR Daily Ta…T-Rex 2X Long MSTR Daily Target E…	10,784	$82K	<0.01%	new
NIONIO INC	18,791	$81.9K	<0.01%	+3,000	Timeline
PIMCO CALIFORNIA MUNICIPAL …PIMCO CALIFORNIA MUNICIPAL INC	10,900	$74.9K	<0.01%	0
RDNWRIDENOW GROUP INC	12,000	$65.2K	<0.01%	0	Timeline
UNITI GROUP INCUNITI GROUP INC	11,559	$63.6K	<0.01%	-31,519
QSQUANTUMSCAPE CORP	10,826	$56.2K	<0.01%	-1,778	Timeline
MPTMEDICAL PROPERTIES TRUST INC	13,194	$52.1K	<0.01%	-1,000	Timeline
LACLITHIUM AMERS CORP NEW	13,631	$40.5K	<0.01%	new	Timeline
TNYATENAYA THERAPEUTICS INC	25,000	$35.8K	<0.01%	new	Timeline
ABATAMERICAN BATTERY TECHNOLOGY	10,353	$25.5K	<0.01%	0	Timeline
SLSSELLAS LIFE SCIENCES GROUP I	23,250	$24.2K	<0.01%	0	Timeline
TILRAY INCTILRAY INC	14,494	$19.3K	<0.01%	-4,100
CHARGEPOINT HLDGS INCCHARGEPOINT HLDGS INC	15,058	$16.1K	<0.01%	-8,090
TMCTMC THE METALS COMPANY INC	10,000	$11.2K	<0.01%	0	Timeline
AMARIN CORP PLCAMARIN CORP PLC	10,400	$5.04K	<0.01%	-400
TRXTRX GOLD CORPORATION	10,600	$3.25K	<0.01%	0	Timeline

Sold out in Q4 2024

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 107. All 107

Security	Shares before	Value before	Type
HDGEADVISORSHARES TR	151,745	$2.84M	shares
GRAYSCALE ETHEREUM MINI STA…GRAYSCALE ETHEREUM MINI STAKING E…	1,157,762	$2.82M	shares
ARISTA NETWORKS INCARISTA NETWORKS INC	7,359	$2.82M	shares
LAM RESEARCH CORPLAM RESEARCH CORP	1,917	$1.56M	shares
BLACKROCK INCBLACKROCK INC	1,501	$1.43M	shares
PDDPDD HOLDINGS INC	10,540	$1.42M	shares
SUPER MICRO COMPUTER INCSUPER MICRO COMPUTER INC	3,124	$1.3M	shares
WECWEC ENERGY GROUP INC	10,320	$993K	shares
SDIVGLOBAL X FDS	40,789	$960K	shares
BITWISE CRYPTO INDUSTRY INN…BITWISE CRYPTO INDUSTRY INNOVATOR…	70,097	$934K	shares
BIDUBAIDU INC	7,757	$817K	shares
VGSHVANGUARD SCOTTSDALE FDS	13,630	$804K	shares
NEMNEWMONT CORP	14,425	$771K	shares
NRGNRG ENERGY INC	7,228	$659K	shares
Grayscale Bitcoin Minitrust…Grayscale Bitcoin Minitrust ETF	114,131	$643K	shares
MHKMOHAWK INDS INC	3,965	$637K	shares
MCHIISHARES TR	12,345	$628K	shares
IVOLKRANESHARES TRUST	30,905	$595K	shares
ANFABERCROMBIE & FITCH CO	4,206	$588K	shares
UHSUNIVERSAL HLTH SVCS INC	2,298	$526K	shares
NTAPNETAPP INC	4,031	$498K	shares
EEMSISHARES INC	7,251	$463K	shares
FUTUFUTU HLDGS LTD	4,827	$462K	shares
KWEBKRANESHARES TRUST	13,388	$455K	shares
WYNNWYNN RESORTS LTD	4,499	$431K	shares
FMBFIRST TR EXCH TRADED FD III	8,137	$423K	shares
JMBSJANUS DETROIT STR TR	8,562	$399K	shares
ISHARES TRISHARES TR	16,214	$389K	shares
ZIONZIONS BANCORPORATION NATL AS	8,172	$386K	shares
ELVELEVANCE HEALTH INC FORMERLY	738	$384K	shares
INVESCOINVESCO	17,843	$377K	shares
MARATHON OIL CORPMARATHON OIL CORP	13,720	$365K	shares
SCHHSCHWAB STRATEGIC TR	15,664	$363K	shares
TNETTRINET GROUP INC	3,685	$357K	shares
STXSEAGATE TECHNOLOGY HLDNGS PL	3,254	$356K	shares
ONONON HLDG AG	6,870	$345K	shares
MCHPMICROCHIP TECHNOLOGY INC.	3,938	$316K	shares
THSTREEHOUSE FOODS INC	7,430	$312K	shares
BITXVOLATILITY SHS TR	10,944	$312K	shares
CMACOMERICA INC	5,105	$306K	shares
NVDLGRANITESHARES ETF TR	4,922	$286K	shares
ASPNASPEN AEROGELS INC	10,308	$285K	shares
ETWEATON VANCE TAX-MANAGED GLOB	32,313	$280K	shares
LYBLYONDELLBASELL INDUSTRIES NV	2,914	$279K	shares
FHLCFIDELITY COVINGTON TRUST	3,745	$273K	shares
TPVGTRIPLEPOINT VENTURE GROWTH B	38,050	$269K	shares
MPLXMPLX LP	5,756	$256K	shares
VIRCVIRCO MFG CO	18,258	$252K	shares
BHVNBIOHAVEN LTD	5,045	$252K	shares
KIOKKR INCOME OPPORTUNITIES FD	17,069	$252K	shares
PINSPINTEREST INC	7,759	$251K	shares
CRSPCRISPR THERAPEUTICS AG	5,338	$251K	shares
PODDINSULET CORP	1,076	$250K	shares
NUENUCOR CORP	1,621	$244K	shares
EAPRINNOVATOR ETFS TRUST	8,918	$241K	shares
MFCMANULIFE FINL CORP	7,901	$233K	shares
PTBDPACER FDS TR	11,314	$233K	shares
HSYHERSHEY CO	1,212	$233K	shares
LQDWISHARES TR	8,150	$231K	shares
DRIVGLOBAL X FDS	9,840	$231K	shares
GLNGGOLAR LNG LTD	6,225	$229K	shares
DIVIFRANKLIN TEMPLETON ETF TR	6,893	$229K	shares
DWAWADVISORSHARES TR	5,830	$228K	shares
PIOINVESCO EXCH TRADED FD TR II	5,253	$226K	shares
YRDYIREN DIGITAL LTD	39,347	$224K	shares
EDVVANGUARD WORLD FD	2,804	$223K	shares
GMGENERAL MTRS CO	4,932	$221K	shares
MASMASCO CORP	2,633	$221K	shares
IBUFINNOVATOR ETFS TRUST	8,530	$220K	shares
EBUFINNOVATOR ETFS TRUST	8,541	$220K	shares
MNSTMONSTER BEVERAGE CORP NEW	4,218	$220K	shares
BIIBBIOGEN INC	1,135	$220K	shares
DDOMINION ENERGY INC	3,799	$220K	shares
HALOHALOZYME THERAPEUTICS INC	3,834	$219K	shares
FROFRONTLINE PLC	9,541	$218K	shares
BLOKAMPLIFY ETF TR	5,787	$217K	shares
INDSPACER FDS TR	5,008	$217K	shares
CNCCENTENE CORP DEL	2,876	$217K	shares
STLASTELLANTIS N.V	15,579	$216K	shares
NNNNNN REIT INC	4,424	$215K	shares
FSTAFIDELITY COVINGTON TRUST	4,197	$214K	shares
DWMWISDOMTREE TR	3,716	$214K	shares
CHECHEMED CORP NEW	355	$213K	shares
IQLTISHARES TR	5,140	$213K	shares
PKGPACKAGING CORP AMER	985	$212K	shares
AVAVAEROVIRONMENT INC	1,055	$212K	shares
CONSOL ENERGY INC NEWCONSOL ENERGY INC NEW	1,954	$205K	shares
SPTSSPDR SERIES TRUST	6,943	$204K	shares
HIGHSIMPLIFY EXCHANGE TRADED FUN	8,698	$204K	shares
TMFDIREXION SHARES ETF TRUST	3,500	$202K	shares
ANSYS INCANSYS INC	633	$202K	shares
CCICROWN CASTLE INC	1,695	$201K	shares
PNWPINNACLE WEST CAP CORP	2,269	$201K	shares
CHWCALAMOS GBL DYN INCOME FUND	27,811	$199K	shares
SNAPSNAP INC	17,909	$192K	shares
TSLLDIREXION SHARES ETF TRUST	13,635	$188K	shares
CORZCORE SCIENTIFIC INC NEW	15,780	$187K	shares
LFVNLIFEVANTAGE CORP	13,825	$167K	shares
OFSOFS CAP CORP	18,200	$154K	shares
PKPARK HOTELS & RESORTS INC	10,316	$145K	shares

How Q4 2024 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000275484-26-000012	base		2026-06-12	acceptance time not in the bulk data set	2026-10-06 09:57:27 UTC