Independent Advisor Alliance

CIK 0001696899 · Q1 2026

13F Equity AUM

$9.3B

+126.3% QoQ

Positions

1,593

+594 QoQ

AUM Rank

#674

Top 5%

Skill Alpha (FF)

-0.1%/yr^ns

No Clear Edge

Rank #2,499 · Top 30%

vs S&P -1.9%/yr (unadj.)

Quarters Tracked

~9 years

Portfolio Concentration

Top 5: 14.3%Top 10: 22.5%Top 20: 31.6%

NVDA3.9%

SPYM3.7%

AAPL2.4%

ABCB2.2%

QQQM2.1%

SPYG1.9%

SPY1.7%

SPYV1.7%

IVV1.7%

MSFT1.2%

Others (1583)77.5%

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

Sector Allocation

Financial Services72.3%

Technology11.6%

Communication Services2.9%

Consumer Cyclical2.9%

Industrials2.3%

Healthcare2.0%

Other6.0%

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

Position Sizing

Positions: 1593Median: 0.01%Avg: 0.06%

0–0.5%

1554(56.2%)

0.5–1%

27(19.0%)

1–3%

10(17.3%)

3–5%

2(7.6%)

5%+

0(0.0%)

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

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Portfolio Overlap

Shared: 1,495Unique: 98vs 20 funds

20.2%Moderate

1,593

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

26.8%

BANK OF AMERICA CORP /DE/

28.1%

23.7%

27.8%

19.6%

16.7%

GEODE CAPITAL MANAGEMENT, LLC

15.1%

VANGUARD CAPITAL MANAGEMENT LLC

15.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

16.3%

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

New680Increased485Decreased404Exited86

New Positions

CGGR0.9%

+2.2M

SPHQ0.8%

+1.1M

JBND0.8%

+1.4M

CGDV0.8%

+1.7M

SPTM0.8%

+903K

FDVV0.7%

+1.2M

GRID0.5%

+293K

GSY0.4%

+807K

SPIB0.4%

+1.2M

USFR0.4%

+770K

Increased

SPYM3.7%

+4.2M(+1498%)

SPYV1.7%

+2.7M(+5108%)

SPTI0.7%

+2.3M(+5409%)

SPDW1.1%

+2.0M(+1090%)

SPYG1.9%

+1.8M(+6743%)

SPAB0.5%

+1.8M(+13939%)

SPMB0.4%

+1.5M(+3143%)

BUFR0.5%

+1.3M(+19372%)

TBIL0.7%

+1.2M(+2264%)

SPSM0.6%

+1.1M(+3535%)

Decreased

NVDA3.9%

-153,423(-7%)

SMCI0.0%

-139,288(-91%)

SSRM0.0%

-135,732(-77%)

SCHB0.0%

-89,657(-47%)

KO0.2%

-88,361(-27%)

ET0.0%

-88,102(-29%)

TTMI0.0%

-79,464(-90%)

FSK0.0%

-79,062(-56%)

SLV0.1%

-70,849(-41%)

MITK0.2%

-70,046(-6%)

Exited

-87,794

ARGX

-8,651

-10,795

HSAI

-171,999

GWRE

-17,712

-185,782

-55,580

-73,888

-5,987

-53,975

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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