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Livermore
Livermore
ZHEN

Independent Wealth Network Inc.

SEC CIK
0001891240
Latest filing
Jul 20, 2026

The latest 13F from Independent Wealth Network Inc. covers Q2 2026 (filed Jul 20, 2026): 338 long positions worth $393.2M. The top 10 holdings make up 27.0% of the portfolio, and the largest is Caterpillar Inc (CAT) at 7.2%. Livermore has 21 filings on Form 13F from this institution, going back to Q3 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
62
Est. +$22.3M
Added
166
Est. +$14.3M
Reduced
103
Est. −$9.65M
Sold out
20
Est. −$5.74M

Top 5 holdings

Share of this quarter's portfolio value

  1. CATCaterpillar Inc
    7.2%$28.2MHistory
  2. State Street SPDR Portfolio S&P 500 ETF78464A854
    4.4%$17.3M
  3. JPMorgan Ultra-Short Income ETF46641Q837
    3.1%$12.3M
  4. State Street SPDR Portfolio S&P 500 Growth ETF78464A409
    3.0%$11.6M
  5. Invesco QQQ Trust Series I46090E103
    1.9%$7.29M

Biggest buys

New and added positions, by estimated amount bought

  1. Northern Lights FD Tr66538J290
    +$2.33MNew
  2. Northern Lights FD Tr66538J282
    +$2.05MNew
  3. Vanguard Morningstar Total Stock Market ETF922908769
    +$945.5KNew
  4. American Centy ETF Tr025072158
    +$939.5KNew
  5. LDPCohen & Steers Ltd Duration Preferred & Income Fund, Inc.
    +$770.1KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. CATCaterpillar Inc
    +1.68 pp5.5% → 7.2%History
  2. Northern Lights FD Tr66538J290
    +0.59 pp0.0% → 0.6%
  3. Northern Lights FD Tr66538J282
    +0.52 pp0.0% → 0.5%
  4. Invesco QQQ Trust Series I46090E103
    +0.32 pp1.5% → 1.9%
  5. Vanguard Morningstar Total Stock Market ETF922908769
    +0.24 pp0.0% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. iShares Semiconductor ETF464287523
    −$1.42MReduced
  2. First Trust Nasdaq-100 Technology Sector Index Fund337345102
    −$1.09MReduced
  3. HONHoneywell International Inc
    −$993.0KSold outHistory
  4. Innovator ETFs Trust45784N858
    −$573.8KSold out
  5. iShares Tr46429B655
    −$533.0KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. SLViShares Silver Trust
    −0.83 pp2.1% → 1.3%History
  2. JPMorgan Ultra-Short Income ETF46641Q837
    −0.64 pp3.8% → 3.1%
  3. CVXChevron Corp
    −0.60 pp1.8% → 1.2%History
  4. HONHoneywell International Inc
    −0.29 pp0.3% → 0.0%History
  5. iShares Tr46429B655
    −0.23 pp0.6% → 0.4%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$393.2M
+$56.6M (+16.8%) vs. prior quarter
Positions
338
+42 vs. prior quarter
Top 10 concentration
27.0%
Top 10 as share of value
Turnover
4.2%
Q2 2026, one quarter
Average holding period
14.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q3 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q3 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $393.2M (Q2 2026)

Q3 2021: $152.7MQ4 2021: $162.0MQ1 2022: $157.5MQ2 2022: $138.9MQ3 2022: $128.0MQ4 2022: $146.2MQ1 2023: $156.3MQ2 2023: $166.4MQ3 2023: $162.6MQ4 2023: $190.1MQ1 2024: $213.4MQ2 2024: $214.9MQ3 2024: $226.3MQ4 2024: $246.5MQ1 2025: $250.7MQ2 2025: $274.9MQ3 2025: $311.1MQ4 2025: $327.4MQ1 2026: $336.6MQ2 2026: $393.2M
Q3 2021Q2 2026
13F filings of Independent Wealth Network Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026338$393.2MCATState Street SPDR Portfolio S&P 500 ETFJPMorgan Ultra-Short Income ETFvs. Q1 2026SEC
Q1 2026Apr 21, 2026296$336.6MCATState Street SPDR Portfolio S&P 500 ETFJPMorgan Ultra-Short Income ETFvs. Q4 2025SEC
Q4 2025Jan 26, 2026287$327.4MCATState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2025SEC
Q3 2025Oct 15, 2025282$311.1MState Street SPDR Portfolio S&P 500 Growth ETFCATState Street SPDR Portfolio S&P 500 ETFvs. Q2 2025SEC
Q2 2025Jul 16, 2025258$274.9MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFCATvs. Q1 2025SEC
Q1 2025May 2, 2025245$250.7MState Street SPDR Portfolio S&P 500 ETFState Street SPDR Portfolio S&P 500 Growth ETFJPMorgan Ultra-Short Income ETFvs. Q4 2024SEC
Q4 2024Jan 17, 2025236$246.5MState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFCATvs. Q3 2024SEC
Q3 2024Oct 15, 2024222$226.3MCATState Street SPDR Portfolio S&P 500 Growth ETFJPMorgan Ultra-Short Income ETFvs. Q2 2024SEC
Q2 2024Jul 18, 2024214$214.9MState Street SPDR Portfolio S&P 500 Growth ETFCATState Street SPDR Portfolio S&P 500 ETFvs. Q1 2024SEC
Q1 2024May 20, 2024Amended222$213.4MCATState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFvs. Q4 2023SEC
Q4 2023Jan 12, 2024218$190.1MCATState Street SPDR Portfolio S&P 500 Growth ETFState Street SPDR Portfolio S&P 500 ETFvs. Q3 2023SEC
Q3 2023Oct 11, 2023201$162.6MCATState Street SPDR Portfolio S&P 500 Growth ETFJPMorgan Ultra-Short Income ETFvs. Q2 2023SEC
Q2 2023Jul 12, 2023208$166.4MJPMorgan Ultra-Short Income ETFState Street SPDR Portfolio S&P 500 Growth ETFCATvs. Q1 2023SEC
Q1 2023Apr 18, 2023200$156.3MJPMorgan Ultra-Short Income ETFCATState Street SPDR Portfolio S&P 500 Growth ETFvs. Q4 2022SEC
Q4 2022Jan 25, 2023198$146.2MJPMorgan Ultra-Short Income ETFCATState Street SPDR Portfolio S&P 500 Growth ETFvs. Q3 2022SEC
Q3 2022Oct 17, 2022176$128.0MJPMorgan Ultra-Short Income ETFState Street SPDR Portfolio S&P 500 Growth ETFCATvs. Q2 2022SEC
Q2 2022Jul 26, 2022186$138.9MJPMorgan Ultra-Short Income ETFState Street SPDR Portfolio S&P 500 Growth ETFCATvs. Q1 2022SEC
Q1 2022Apr 20, 2022201$157.5MState Street SPDR Portfolio S&P 500 Growth ETFCATState Street SPDR Portfolio S&P 500 Value ETFvs. Q4 2021SEC
Q4 2021Feb 10, 2022209$162.0MState Street SPDR Portfolio S&P 500 Growth ETFCATState Street SPDR Portfolio S&P 500 Value ETFvs. Q3 2021SEC
Q3 2021Nov 4, 2021194$152.7MState Street SPDR Portfolio S&P 500 Growth ETFCATState Street SPDR Portfolio S&P 500 Value ETF–SEC