Independence Financial Advisors, LLC
- SEC CIK
- 0002066080
- Latest filing
- Jul 9, 2026
The latest 13F from Independence Financial Advisors, LLC covers Q2 2026 (filed Jul 9, 2026): 55 long positions worth $385.5M. The top 10 holdings make up 62.7% of the portfolio, and the largest is Fidelity Covington Trust at 15.2%. Livermore has 6 filings on Form 13F from this institution, going back to Q1 2025.
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.
- New
- 9
- Est. +$60.3M
- Added
- 23
- Est. +$46.9M
- Reduced
- 18
- Est. −$73.4M
- Sold out
- 5
- Est. −$12.4M
Top 5 holdings
Share of this quarter's portfolio value
- Fidelity Covington Trust31609A30515.2%$58.7M
- Fidelity MSCI Information Technology Index ETF31609280810.5%$40.3M
- Fidelity Covington Trust31609A1077.0%$26.9M
- iShares Tips Bond ETF4642871765.5%$21.0M
- iShares Tr4642886615.4%$20.7M
Biggest buys
New and added positions, by estimated amount bought
- Fidelity MSCI Information Technology Index ETF316092808+$19.0MAdded
- iShares Tr464288687+$16.6MNew
- Fidelity MSCI Materials Index ETF316092881+$12.0MNew
- iShares S&P Mid-Cap 400 Value ETF464287705+$9.80MNew
- iShares Tips Bond ETF464287176+$7.74MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- Fidelity MSCI Information Technology Index ETF316092808+5.79 pp4.7% → 10.5%
- iShares Tr464288687+4.29 pp0.0% → 4.3%
- Fidelity MSCI Materials Index ETF316092881+3.11 pp0.0% → 3.1%
- iShares S&P Mid-Cap 400 Value ETF464287705+2.54 pp0.0% → 2.5%
- iShares S&P Small-Cap 600 Value ETF464287879+1.92 pp0.0% → 1.9%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Tr464287440−$18.1MReduced
- Fidelity Covington Trust31609A107−$12.9MReduced
- Fidelity MSCI Financials Index ETF316092501−$11.5MReduced
- Fidelity MSCI Energy Index ETF316092402−$10.8MSold out
- Fidelity MSCI Utilities Index ETF316092865−$10.3MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Tr464287440−5.53 pp5.9% → 0.4%
- Fidelity Covington Trust31609A107−3.43 pp10.4% → 7.0%
- Fidelity MSCI Energy Index ETF316092402−3.24 pp3.2% → 0.0%
- Fidelity MSCI Financials Index ETF316092501−3.19 pp3.4% → 0.2%
- Fidelity MSCI Utilities Index ETF316092865−3.18 pp3.4% → 0.3%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $385.5M
- +$52.3M (+15.7%) vs. prior quarter
- Positions
- 55
- +4 vs. prior quarter
- Top 10 concentration
- 62.7%
- Top 10 as share of value
- Turnover
- 23.9%
- Q2 2026, one quarter
- Average holding period
- 5.1 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 (Q1 2025), so positions held before then are understated.
13F filings by quarter
6 quarters, going back to Q1 2025. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $385.5M (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Jul 9, 2026 | 55 | $385.5M | Fidelity Covington TrustFidelity MSCI Information Technology Index ETFFidelity Covington Trust | vs. Q1 2026 | SEC |
| Q1 2026 | Apr 15, 2026 | 51 | $333.2M | Fidelity Covington TrustFidelity Covington TrustiShares Tr | vs. Q4 2025 | SEC |
| Q4 2025 | Jan 15, 2026 | 55 | $363.8M | Fidelity Covington TrustFidelity Covington TrustiShares Iboxx $ Investment Grade Corporate Bond ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Oct 24, 2025 | 53 | $328.3M | Fidelity Covington TrustFidelity Covington TrustiShares Iboxx $ Investment Grade Corporate Bond ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 8, 2025 | 51 | $257.1M | Fidelity Covington TrustFidelity Covington TrustiShares Tr | vs. Q1 2025 | SEC |
| Q1 2025 | May 8, 2025 | 47 | $263.0M | iShares Core S&P U.S. Growth ETFiShares Core S&P US Value ETFiShares Tr | – | SEC |