SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Indie Asset Partners, LLC

CIK 0001802244 · 10 EAST MAIN STREET, SUITE 220, CARMEL, IN, 46032 · 317-428-6600

Reported Value
$91M
Q4 2022
Positions
85
Filings on Record
26
2020–present window
Filed
Feb 1, 2023
original filing

Summary

Indie Asset Partners, LLC reported $91M in U.S.-listed holdings across 85 positions for Q4 2022.

The portfolio is heavily concentrated: LLY alone accounts for 25.9% of reported value.

Compared with Q3 2022, the fund opened 6 new positions and exited 9.

Portfolio Metrics

Turnover
+7.2%
vs prior filed quarter
Top-10 Concentration
+70.0%
share of reported value
Largest Position
+25.9%
Lilly Eli
New / Exited
6 / 9
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $94MQ4 ’19Q1 ’20: $80MQ2 ’20: $80MQ3 ’20: $80MQ4 ’20: $86MQ4 ’20Q1 ’21: $88MQ2 ’21: $123MQ3 ’21: $123MQ4 ’21: $138MQ4 ’21Q1 ’22: $133MQ2 ’22: $113MQ3 ’22: $98MQ4 ’22: $91MQ4 ’22Q1 ’23: $86MQ2 ’23: $92MQ3 ’23: $99MQ4 ’23: $111MQ4 ’23Q1 ’24: $112MQ2 ’24: $126MQ3 ’24: $134MQ4 ’24: $127MQ4 ’24Q1 ’25: $115MQ2 ’25: $55MQ3 ’25: $75MQ4 ’25: $90MQ4 ’25Q1 ’26: $88Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 75.3%ETP: 21.6%REIT: 1.1%Other: 1.0%Closed-End Fund: 0.8%ADR: 0.3%
  • Common Stock · 75.3% · $69M
  • ETP · 21.6% · $20M
  • REIT · 1.1% · $968,406
  • Other · 1.0% · $884,396
  • Closed-End Fund · 0.8% · $688,500
  • ADR · 0.3% · $248,587

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VYMVANGUARD WHITEHALL FDSNEW+4.4K4.4K+$479,911$479,911
NSCNORFOLK SOUTHN CORPNEW+894894+$220,299$220,299
PGPROCTER AND GAMBLE CONEW+1.4K1.4K+$217,083$217,083
UPSUNITED PARCEL SERVICE INCNEW+1.2K1.2K+$215,058$215,058
FDXFEDEX CORPNEW+1.2K1.2K+$211,541$211,541
IBMINTERNATIONAL BUSINESS MACHSNEW+1.4K1.4K+$203,240$203,240
VTIPVANGUARD MALVERN FDSSOLD OUT−114.2K0−$5M$0
MINTPIMCO ETF TRSOLD OUT−5.3K0−$525,000$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2022

72 positions (from 85 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1LLYLILLY ELI & COhistory →COM25.88%$24M64.5K
2RPRXROYALTY PHARMA PLChistory →SHS CLASS A20.01%$18M462.0K
3SCHDSCHWAB STRATEGIC TRUS DIVIDEND EQ · US BRD MKT ETF · INTL EQTY ETF · US LCAP GR ETF · US AGGREGATE B · US TIPS ETF5.64%$5M96.7K
4AAPLAPPLE INChistory →COM5.17%$5M36.3K
5SPDR SER TRS&P 600 SMCP VAL · S&P 600 SML CAP2.83%$3M33.8K
6VDEVANGUARD WORLD FDShistory →ENERGY ETF2.60%$2M19.5K
7IYTISHARES TRUS TRSPRTION · 20 YR TR BD ETF2.41%$2M15.2K
8VEGIISHARES INCMSCI AGRICULTURE · MSCI GBL ETF NEW · MSCI EMERG MRKT2.19%$2M46.4K
9AMZNAMAZON COM INChistory →COM1.71%$2M18.6K
10MSFTMICROSOFT CORPhistory →COM1.51%$1M5.8K
11FTCSFIRST TR EXCHANGE-TRADED FDhistory →CAP STRENGTH ETF1.13%$1M13.7K
12PFEPFIZER INChistory →COM1.05%$957,55718.7K
13AMLPALPS ETF TRALERIAN MLP0.99%$907,01823.8K
14JEPIJ P MORGAN EXCHANGE TRADED FEQUITY PREMIUM · ULTRA SHRT INC0.96%$878,42816.6K
15ELVELEVANCE HEALTH INCCOM0.94%$858,7121.7K
16PEPPEPSICO INCCOM0.90%$819,2514.5K
17MCDMCDONALDS CORPCOM0.88%$801,4323.0K
18NOCNORTHROP GRUMMAN CORPCOM0.83%$752,9421.4K
19EXMOCEXXON MOBIL CORPCOM0.81%$742,9516.7K
20DNPDNP SELECT INCOME FD INCCOM0.75%$688,50061.2K
21VVISA INCCOM CL A0.74%$678,9603.3K
22METAMETA PLATFORMS INCCL A0.73%$669,2115.6K
23SHWSHERWIN WILLIAMS COCOM0.71%$650,7592.7K
24LMTLOCKHEED MARTIN CORPCOM0.69%$631,4641.3K
25TPLTEXAS PACIFIC LAND CORPORATICOM0.68%$621,221265
26GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.66%$599,4106.8K
27KOCOCA COLA COCOM0.64%$586,5149.2K
28ABBVABBVIE INCCOM0.62%$568,2203.5K
29VOVANGUARD INDEX FDSMID CAP ETF · TOTAL STK MKT0.60%$549,1972.8K
30SPYSPDR S&P 500 ETF TRTR UNIT0.60%$547,6401.4K
31CMICUMMINS INCCOM0.56%$508,6652.1K
32MOALTRIA GROUP INCCOM0.53%$480,63410.5K
33VYMVANGUARD WHITEHALL FDSHIGH DIV YLD0.53%$479,9114.4K
34LEGG MASON ETF INVT TRCLRBRDG AL CP GW0.51%$465,51814.1K
35AMTAMERICAN TOWER CORP NEWCOM0.50%$453,5922.1K
36JNJJOHNSON & JOHNSONCOM0.49%$448,2192.5K
37URAGLOBAL X FDSGLOBAL X URANIUM · GLOBAL X COPPER0.47%$428,50016.9K
38ICEINTERCONTINENTAL EXCHANGE INCOM0.45%$413,5404.0K
39BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.44%$402,8061.3K
40GWWGRAINGER W W INCCOM0.43%$392,156705
41VIGVANGUARD SPECIALIZED FUNDSDIV APP ETF0.42%$383,8772.5K
42JPMJPMORGAN CHASE & COCOM0.40%$362,5892.7K
43WMTWALMART INCCOM0.40%$360,8562.5K
44ADC THERAPEUTICS SASHS0.39%$360,34293.8K
45AVGOBROADCOM INCCOM0.37%$339,951608
46ZBHZIMMER BIOMET HOLDINGS INCCOM0.37%$338,5132.7K
47XIFRNEXTERA ENERGY PARTNERS LPCOM UNIT PART IN0.36%$325,9194.7K
48CATCATERPILLAR INCCOM0.35%$316,2881.3K
49MPCMARATHON PETE CORPCOM0.34%$308,4342.6K
50CVSCVS HEALTH CORPCOM0.33%$305,2033.3K
51SCISERVICE CORP INTLCOM0.33%$300,0684.3K
52UNHUNITEDHEALTH GROUP INCCOM0.32%$295,310557
53CVXCHEVRON CORP NEWCOM0.31%$283,0931.6K
54TAT&T INCCOM0.30%$276,98415.0K
55AMGNAMGEN INCCOM0.30%$275,2471.0K
56INBKFIRST INTERNET BANCORPCOM0.30%$273,15011.3K
57CCICROWN CASTLE INCCOM0.30%$272,6362.0K
58HDHOME DEPOT INCCOM0.30%$271,008858
59BACBANK AMERICA CORPCOM0.28%$251,9117.6K
60SHELSHELL PLCSPON ADS0.27%$248,5874.4K
61UCONFIRST TR EXCHNG TRADED FD VITCW UNCONSTRAI0.27%$247,12810.3K
62DLRDIGITAL RLTY TR INCCOM0.27%$242,1782.4K
63ARCCARES CAPITAL CORPCOM0.25%$230,78312.5K
64KOSKOSMOS ENERGY LTDCOM0.24%$222,60035.0K
65NSCNORFOLK SOUTHN CORPCOM0.24%$220,299894
66PGPROCTER AND GAMBLE COCOM0.24%$217,0831.4K
67UPSUNITED PARCEL SERVICE INCCL B0.24%$215,0581.2K
68FDXFEDEX CORPCOM0.23%$211,5411.2K
69IBMINTERNATIONAL BUSINESS MACHSCOM0.22%$203,2401.4K
70LUMNLUMEN TECHNOLOGIES INCCOM0.13%$122,67023.5K
71SIRIUS XM HOLDINGS INCCOM0.07%$64,24011.0K
7223ANDME HOLDING COCLASS A COM0.06%$58,53627.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$88M83May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$90M81Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$75M78Nov 6, 202513F-HRchanges · EDGAR ↗
Q2 2025$55M67Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$115M96May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$127M115Feb 3, 202513F-HRchanges · EDGAR ↗
Q3 2024$134M116Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$126M101Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$112M86May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$111M86Jan 26, 202413F-HRchanges · EDGAR ↗
Q3 2023$99M79Oct 27, 202313F-HRchanges · EDGAR ↗
Q2 2023$92M82Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$86M85May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$91M85Feb 1, 202313F-HRchanges · EDGAR ↗
Q3 2022$98M88Oct 25, 202213F-HRchanges · EDGAR ↗
Q2 2022$113M109Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$133M124May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$138M126Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$123M126Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$123M128Aug 11, 202113F-HRchanges · EDGAR ↗
Q1 2021$88M119May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$86M109Feb 9, 202113F-HRchanges · EDGAR ↗
Q3 2020$80M93Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$80M92Aug 12, 202013F-HRchanges · EDGAR ↗
Q1 2020$80M80May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$94M85Feb 11, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.