Independent Wealth Advisors LLC

CIK 0002136099 · Q1 2026

13F Equity AUM

$101.8M

+6.3% QoQ

Positions

+7 QoQ

AUM Rank

#9,877

Top 79%

Skill Alpha (FF)

—

No alpha data

Quarters Tracked

~0 years

Portfolio Concentration

Top 5: 34.0%Top 10: 54.1%Top 20: 75.7%

GQ911.2%

CSHI6.3%

HEQT5.8%

USFR5.5%

SPD5.3%

NOBL4.7%

HOLA4.5%

SHY3.9%

IAU*3.7%

SSUS3.5%

Others (60)45.9%

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

Sector Allocation

Financial Services93.8%

Financials3.7%

Other2.5%

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

Position Sizing

Positions: 70Median: 0.56%Avg: 1.43%

0–0.5%

33(10.4%)

0.5–1%

13(9.2%)

1–3%

13(23.2%)

3–5%

6(23.2%)

5%+

5(34.0%)

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

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Portfolio Overlap

Shared: 66Unique: 4vs 20 funds

0.9%Low

Fund positions

7,299

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.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

1.2%

BANK OF AMERICA CORP /DE/

1.3%

1.2%

1.8%

1.2%

0.3%

VANGUARD CAPITAL MANAGEMENT LLC

0.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

0.2%

GEODE CAPITAL MANAGEMENT, LLC

0.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New8Increased40Decreased14Exited1

New Positions

CARY0.6%

+27K

ALLW0.5%

+16K

XLE0.3%

+5K

DON0.3%

+690

HDG0.3%

+6K

BAC0.2%

+5K

IJR0.2%

+2K

IVW0.2%

+2K

Increased

CSHI6.3%

+39K(+44%)

BSJS1.4%

+27K(+64%)

BSJR1.9%

+14K(+20%)

HEQT5.8%

+10K(+6%)

BSJQ2.0%

+7K(+9%)

SPD5.3%

+6K(+4%)

HOLA4.5%

+5K(+7%)

SHY3.9%

+5K(+10%)

PSCI1.4%

+1K(+19%)

NOBL4.7%

+1K(+2%)

Decreased

USFR5.5%

-25,326(-19%)

TCAF0.7%

-5,930(-22%)

CDX2.1%

-3,458(-3%)

SLV2.9%

-2,533(-6%)

IAU*3.7%

-2,233(-5%)

VTV1.1%

-439(-7%)

GOOGL0.2%

-246(-23%)

PSL0.3%

-203(-8%)

GQ911.2%

-187(-1%)

GDX0.6%

-153(-2%)

Exited

BAI

-6,047

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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