Managers / Q4 2025 · view latest →
Independent Wealth Network Inc.
CIK 0001891240 · 2350 NW 128TH ST., URBANDALE, IA, 50323 · 515-461-5123
Summary
Independent Wealth Network Inc. reported $327M in U.S.-listed holdings across 288 positions for Q4 2025.
Its largest position, CAT, represents 4.6% of the portfolio.
Compared with Q3 2025, the fund opened 23 new positions and exited 18.
Portfolio Metrics
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. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 69.8% · $228M
- Common Stock · 27.7% · $91M
- Closed-End Fund · 1.6% · $5M
- ADR · 0.3% · $948,969
- MLP · 0.3% · $937,842
- Other · 0.4% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TIDAL TRUST III | NEW | +56.9K | 56.9K | +$2M | $2M |
| ZACKS TRUST | NEW | +14.2K | 14.2K | +$494,948 | $494,948 |
| UHTUNIVERSAL HEALTH RLTY INCOME | NEW | +9.4K | 9.4K | +$368,574 | $368,574 |
| MEDPMEDPACE HLDGS INC | NEW | +504 | 504 | +$283,072 | $283,072 |
| VGSHVANGUARD SCOTTSDALE FDS | NEW | +4.8K | 4.8K | +$280,036 | $280,036 |
| NKENIKE INC | NEW | +4.3K | 4.3K | +$273,826 | $273,826 |
| AMERICAN CENTY ETF TR | NEW | +2.4K | 2.4K | +$266,916 | $266,916 |
| KLACKLA CORP | NEW | +201 | 201 | +$244,597 | $244,597 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | STATE STREET SPD | 13.88% | $45M | 738.9K |
| 2 | ACWIISHARES TR | MSCI ACWI ETF · CORE LT USDB ETF · CRE U S REIT ETF · 0-5 YR TIPS ETF · FLTG RATE NT ETF | 6.12% | $20M | 286.8K |
| 3 | CATCATERPILLAR INChistory → | COM | 4.57% | $15M | 26.1K |
| 4 | J P MORGAN EXCHANGE TRADED F | ULTRA SHRT ETF · EQUITY PREMIUM · JPMORGAN DIVER | 4.40% | $14M | 256.4K |
| 5 | VUGVANGUARD INDEX FDS | S&P 500 ETF SHS · GROWTH ETF | 2.23% | $7M | 13.1K |
| 6 | SLVISHARES SILVER TRhistory → | ISHARES | 2.17% | $7M | 110.3K |
| 7 | PACER FDS TR | ARISTOTLE PACIFI · SWAN SOS FD OF | 1.91% | $6M | 155.0K |
| 8 | AAPLAPPLE INChistory → | COM | 1.63% | $5M | 19.6K |
| 9 | COLLABORATIVE INVESTMNT SER | RAREVIEW DYNAMIC | 1.56% | $5M | 214.2K |
| 10 | NVDANVIDIA CORPORATIONhistory → | COM | 1.56% | $5M | 27.3K |
| 11 | DFUSUSDDIMENSIONAL ETF TRUSThistory → | US EQUITY MARKET | 1.55% | $5M | 68.5K |
| 12 | CHVCHEVRON CORP NEWhistory → | COM | 1.51% | $5M | 32.4K |
| 13 | MSFTMICROSOFT CORPhistory → | COM | 1.45% | $5M | 9.8K |
| 14 | FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT · FT VEST LADDERED | 1.24% | $4M | 94.1K |
| 15 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.22% | $4M | 6.5K |
| 16 | GQ9SPDR GOLD TRhistory → | GOLD SHS | 1.21% | $4M | 10.0K |
| 17 | AMZNAMAZON COM INChistory → | COM | 1.07% | $3M | 15.2K |
| 18 | VANGUARD WHITEHALL FDS | HIGH DIV YLD | 0.83% | $3M | 18.9K |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.80% | $3M | 5.2K |
| 20 | PLTRPALANTIR TECHNOLOGIES INC | CL A | 0.74% | $2M | 13.5K |
| 21 | FIRST TR EXCH TRADED FD III | PFD SECS INC ETF | 0.68% | $2M | 122.7K |
| 22 | FIRST TR EXCHANGE-TRADED FD | VEST INVESTMENT | 0.68% | $2M | 110.8K |
| 23 | METAMETA PLATFORMS INC | CL A | 0.65% | $2M | 3.2K |
| 24 | SPDR S&P 500 ETF TR | TR UNIT | 0.63% | $2M | 3.0K |
| 25 | AMPLIFY ETF TR | CEF HIGH INCOME | 0.63% | $2M | 178.9K |
| 26 | GLOBAL X FDS | NASDAQ 100 COVER | 0.61% | $2M | 113.2K |
| 27 | VVISA INC | COM CL A | 0.61% | $2M | 5.7K |
| 28 | SELECT SECTOR SPDR TR | STATE STREET TEC | 0.60% | $2M | 13.6K |
| 29 | VANGUARD BD INDEX FDS | TOTAL BND MRKT | 0.55% | $2M | 24.5K |
| 30 | GOOGALPHABET INC | CAP STK CL C | 0.52% | $2M | 5.4K |
| 31 | TSLATESLA INC | COM | 0.51% | $2M | 3.7K |
| 32 | INVESCO EXCH TRADED FD TR II | SR LN ETF | 0.51% | $2M | 78.7K |
| 33 | INNOVATOR ETFS TRUST | EQUITY DEFINED P | 0.50% | $2M | 63.7K |
| 34 | INVESCO EXCHANGE TRADED FD T | S&P MDCP MOMNTUM | 0.49% | $2M | 11.5K |
| 35 | ALLIANCEBERNSTEIN GLOBAL HIG | COM | 0.48% | $2M | 148.0K |
| 36 | TIDAL TRUST III | MRP SYNTHEQUITY | 0.48% | $2M | 56.9K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $337M | 301 | Apr 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $327M | 288 | Jan 26, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $311M | 283 | Oct 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $275M | 258 | Jul 16, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $251M | 245 | May 2, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $246M | 236 | Jan 17, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $226M | 222 | Oct 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $215M | 214 | Jul 18, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $213M | 223 | May 20, 2024 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2023 | $190M | 218 | Jan 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $163M | 201 | Oct 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $166M | 208 | Jul 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $156M | 200 | Apr 18, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $146M | 198 | Jan 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $128M | 176 | Oct 17, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $139M | 186 | Jul 26, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $158M | 201 | Apr 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $162M | 224 | Feb 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $153M | 212 | Nov 4, 2021 | 13F-HR | changes · 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 ↗.