Independent Wealth Network 13F annual report
Independent Wealth Network is an investment fund managing more than $213 billion ran by Art Dinkin. There are currently 136 companies in Mr. Dinkin’s portfolio. The largest investments include Spdr Ser Tr and Caterpillar, together worth $46 billion.
$213 billion Assets Under Management (AUM)
As of 11th July 2024, Independent Wealth Network’s top holding is 690,484 shares of Spdr Ser Tr currently worth over $37.1 billion and making up 17.5% of the portfolio value.
In addition, the fund holds 26,678 shares of Caterpillar worth $8.89 billion, whose value grew 26.9% in the past six months.
The third-largest holding is J P Morgan Exchange Traded F worth $9.73 billion and the next is Microsoft worth $4.68 billion, with 10,461 shares owned.
Currently, Independent Wealth Network's portfolio is worth at least $213 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Independent Wealth Network
The Independent Wealth Network office and employees reside in Urbandale, Iowa. According to the last 13-F report filed with the SEC, Art Dinkin serves as the President & CCO at Independent Wealth Network.
Recent trades
In the most recent 13F filing, Independent Wealth Network revealed that it had opened a new position in
Tidal Etf Tr and bought 72,571 shares worth $2.52 billion.
The investment fund also strengthened its position in Caterpillar by buying
20 additional shares.
This makes their stake in Caterpillar total 26,678 shares worth $8.89 billion.
Caterpillar soared 35.6% in the past year.
On the other hand, there are companies that Independent Wealth Network is getting rid of from its portfolio.
Independent Wealth Network closed its position in NEOS ETF Trust on 18th July 2024.
It sold the previously owned 45,536 shares for $2.27 billion.
Art Dinkin also disclosed a decreased stake in Spdr Ser Tr by approximately 0.1%.
This leaves the value of the investment at $37.1 billion and 690,484 shares.
One of the smallest hedge funds
The two most similar investment funds to Independent Wealth Network are Lynch Asset Management and West Branch Capital. They manage $213 billion and $213 billion respectively.
Art Dinkin investment strategy
Independent Wealth Network’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 6.6% of
the total portfolio value.
The fund focuses on investments in the United States as
39.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
35% of the total holdings value.
On the other hand, small-cap stocks make up only 5.1% of the portfolio.
The average market cap of the portfolio companies is close to $225 billion.
The complete list of Independent Wealth Network trades based on 13F SEC filings
These positions were updated on July 18th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Spdr Ser Tr |
0.71%
690,484
|
$37,123,461,000 | 17.46% |
| Caterpillar Inc. |
0.08%
26,678
|
$8,886,434,000 | 4.18% |
| J P Morgan Exchange Traded F |
19.44%
177,963
|
$9,728,683,000 | 4.58% |
| Microsoft Corporation |
2.10%
10,461
|
$4,675,331,000 | 2.20% |
| Chevron Corp. |
1.98%
28,185
|
$4,408,697,000 | 2.07% |
| Apple Inc |
0.82%
20,834
|
$4,388,080,000 | 2.06% |
| Ishares Tr |
1.64%
386,980
|
$27,359,007,000 | 12.87% |
| Pacer Fds Tr |
38.62%
218,354
|
$9,315,403,000 | 4.38% |
| Dimensional Etf Trust |
9.34%
76,777
|
$3,759,432,000 | 1.77% |
| Select Sector Spdr Tr |
0.09%
36,988
|
$4,160,844,000 | 1.96% |
| Vanguard Index Fds |
0.39%
28,366
|
$7,202,969,000 | 3.39% |
| NVIDIA Corp |
995.06%
22,186
|
$2,740,913,000 | 1.29% |
| Tidal Etf Tr |
Opened
72,571
|
$2,517,488,000 | 1.18% |
| Amazon.com Inc. |
2.17%
12,477
|
$2,411,180,000 | 1.13% |
| NEOS ETF Trust |
Closed
45,536
|
$2,267,693,000 | |
| First Tr Exchng Traded Fd Vi |
1.33%
85,349
|
$3,282,172,000 | 1.54% |
| Vanguard Whitehall Fds |
0.99%
17,589
|
$2,086,076,000 | 0.98% |
| Ishares Silver Tr |
11.60%
77,659
|
$2,063,386,000 | 0.97% |
| Spdr S&p 500 Etf Tr |
1.45%
3,787
|
$2,060,854,000 | 0.97% |
| Berkshire Hathaway Inc. |
0.21%
4,742
|
$1,929,046,000 | 0.91% |
| First Tr Exch Traded Fd Iii |
1.21%
105,720
|
$1,835,300,000 | 0.86% |
| Spdr Gold Tr |
9.18%
8,513
|
$1,830,390,000 | 0.86% |
| Amplify Etf Tr |
6.40%
145,384
|
$2,353,994,000 | 1.11% |
| Meta Platforms Inc |
0.49%
3,040
|
$1,532,938,000 | 0.72% |
| First Tr Exchange-traded Fd |
12.83%
77,067
|
$3,566,882,000 | 1.68% |
| Visa Inc |
0.87%
5,313
|
$1,394,407,000 | 0.66% |
| Hartford Fds Exchange Traded |
2.31%
71,625
|
$1,383,079,000 | 0.65% |
| Vanguard Bd Index Fds |
2.29%
18,438
|
$1,328,469,000 | 0.62% |
| Alliancebernstein Global Hig |
6.47%
117,278
|
$1,229,074,000 | 0.58% |
| Eaton Vance Sr Fltng Rte Tr |
10.24%
84,018
|
$1,098,955,000 | 0.52% |
| Costco Whsl Corp New |
0.08%
1,280
|
$1,088,031,000 | 0.51% |
| Wisdomtree Tr |
13.69%
40,456
|
$1,833,319,000 | 0.86% |
| Collaborative Investmnt Ser |
15.16%
43,866
|
$1,018,100,000 | 0.48% |
| Pimco Etf Tr |
1.68%
10,036
|
$1,010,140,000 | 0.48% |
| Motorola Solutions Inc |
21.15%
2,560
|
$988,196,000 | 0.46% |
| Home Depot, Inc. |
1.27%
2,866
|
$986,523,000 | 0.46% |
| Northern Lts Fd Tr Iv |
0.33%
18,953
|
$968,309,000 | 0.46% |
| Exxon Mobil Corp. |
10.52%
8,349
|
$961,143,000 | 0.45% |
| Kayne Anderson Energy Infrst |
3.47%
92,148
|
$951,884,000 | 0.45% |
| Invesco Exch Traded Fd Tr Ii |
4.55%
135,870
|
$2,471,257,000 | 1.16% |
| Vanguard Specialized Funds |
0.25%
5,120
|
$934,701,000 | 0.44% |
| Ares Capital Corp |
2.05%
44,575
|
$928,944,000 | 0.44% |
| Kroger Co. |
0.67%
18,428
|
$920,112,000 | 0.43% |
| Palantir Technologies Inc. |
4.19%
35,360
|
$895,669,000 | 0.42% |
| Vanguard Malvern Fds |
1.66%
17,449
|
$846,959,000 | 0.40% |
| Honeywell International Inc |
3.45%
3,873
|
$827,040,000 | 0.39% |
| Altria Group Inc. |
2.50%
18,086
|
$823,828,000 | 0.39% |
| Vanguard Scottsdale Fds |
1.69%
14,941
|
$1,083,948,000 | 0.51% |
| Kohls Corp |
33.22%
34,297
|
$788,477,000 | 0.37% |
| Energy Transfer L P |
5.49%
48,150
|
$780,987,000 | 0.37% |
| Hershey Company |
1.88%
4,233
|
$778,202,000 | 0.37% |
| Alphabet Inc |
0.33%
6,615
|
$1,210,121,000 | 0.57% |
| Johnson & Johnson |
0.54%
4,807
|
$702,642,000 | 0.33% |
| Ishares Tr |
Closed
7,220
|
$683,109,000 | |
| Pimco Corporate & Income Opp |
21.01%
46,655
|
$667,633,000 | 0.31% |
| Fidelity Comwlth Tr |
Opened
9,155
|
$640,209,000 | 0.30% |
| Vanguard Tax-managed Fds |
2.39%
12,575
|
$621,475,000 | 0.29% |
| Boeing Co. |
12.21%
3,382
|
$615,536,000 | 0.29% |
| Ishares Inc |
4.24%
27,197
|
$829,973,000 | 0.39% |
| Eli Lilly & Co |
46.44%
678
|
$613,848,000 | 0.29% |
| Wells Fargo Co New |
No change
504
|
$599,241,000 | 0.28% |
| Invesco Exchange Traded Fd T |
0.87%
15,106
|
$1,458,387,000 | 0.69% |
| Caseys Gen Stores Inc |
8.97%
1,555
|
$593,333,000 | 0.28% |
| Innovator ETFs Trust |
0.42%
18,570
|
$566,792,000 | 0.27% |
| Capital Group Core Equity Et |
42.18%
16,868
|
$543,993,000 | 0.26% |
| CME Group Inc |
0.42%
2,626
|
$516,212,000 | 0.24% |
| Sherwin-Williams Co. |
1.05%
1,699
|
$507,033,000 | 0.24% |
| Spdr Index Shs Fds |
1.22%
13,340
|
$502,518,000 | 0.24% |
| Clorox Co. |
0.52%
3,669
|
$500,693,000 | 0.24% |
| Aflac Inc. |
4.65%
5,594
|
$499,638,000 | 0.24% |
| Fs Kkr Cap Corp |
4.78%
25,277
|
$498,723,000 | 0.23% |
| AT&T Inc. |
0.32%
25,917
|
$495,279,000 | 0.23% |
| Ishares Gold Tr |
6.96%
10,846
|
$476,484,000 | 0.22% |
| Janus International Group In |
62.63%
37,594
|
$474,812,000 | 0.22% |
| Verizon Communications Inc |
13.89%
11,287
|
$465,463,000 | 0.22% |
| Schwab Strategic Tr |
1.58%
17,547
|
$1,107,380,000 | 0.52% |
| First Tr Mid Cap Core Alphad |
0.44%
4,077
|
$442,463,000 | 0.21% |
| Advanced Micro Devices Inc. |
21.15%
2,646
|
$429,208,000 | 0.20% |
| Cisco Sys Inc |
2.78%
8,988
|
$427,013,000 | 0.20% |
| First Tr Lrg Cp Vl Alphadex |
0.12%
5,738
|
$422,317,000 | 0.20% |
| First Tr Sml Cp Core Alpha F |
0.13%
4,637
|
$419,463,000 | 0.20% |
| Spdr Ser Tr |
Closed
2,832
|
$397,924,000 | |
| Abbvie Inc |
9.83%
2,235
|
$383,345,000 | 0.18% |
| Vanguard World Fd |
4.71%
4,447
|
$970,460,000 | 0.46% |
| Vanguard Mun Bd Fds |
0.41%
7,554
|
$378,506,000 | 0.18% |
| First Tr Lrge Cp Core Alpha |
0.26%
3,867
|
$375,060,000 | 0.18% |
| First Tr Exchange-traded Alp |
0.91%
5,567
|
$366,810,000 | 0.17% |
| Global Pmts Inc |
0.82%
3,727
|
$360,401,000 | 0.17% |
| First Tr Exchange-traded Fd |
Opened
21,455
|
$587,709,000 | 0.28% |
| Madison Covered Call & Equit |
2.96%
44,181
|
$335,776,000 | 0.16% |
| Vanguard Intl Equity Index F |
3.96%
7,642
|
$334,431,000 | 0.16% |
| First Tr Exchange Traded Fd |
3.25%
25,707
|
$333,416,000 | 0.16% |
| Pepsico Inc |
7.96%
2,021
|
$333,395,000 | 0.16% |
| Coca-Cola Co |
4.64%
5,178
|
$329,556,000 | 0.16% |
| Fs Credit Opportunities Corp |
5.56%
51,694
|
$329,291,000 | 0.15% |
| JPMorgan Chase & Co. |
4.14%
1,609
|
$325,398,000 | 0.15% |
| Alps Etf Tr |
0.31%
6,703
|
$321,627,000 | 0.15% |
| Intel Corp. |
5.14%
10,077
|
$312,097,000 | 0.15% |
| Fidelity Covington Trust |
1.11%
1,785
|
$306,202,000 | 0.14% |
| Ark Etf Tr |
1.71%
6,950
|
$305,453,000 | 0.14% |
| Deere & Co. |
0.25%
810
|
$302,662,000 | 0.14% |
| Sprott Physical Gold & Silve |
1.86%
13,636
|
$300,674,000 | 0.14% |
| Merck & Co Inc |
1.60%
2,404
|
$297,603,000 | 0.14% |
| Tesla Inc |
5.73%
1,494
|
$295,633,000 | 0.14% |
| Broadcom Inc. |
16.74%
184
|
$295,418,000 | 0.14% |
| Procter And Gamble Co |
0.11%
1,765
|
$291,114,000 | 0.14% |
| Mastercard Incorporated |
1.83%
645
|
$284,548,000 | 0.13% |
| Coterra Energy Inc |
1.57%
10,513
|
$280,371,000 | 0.13% |
| Qualcomm, Inc. |
4.84%
1,336
|
$266,134,000 | 0.13% |
| Abbott Labs |
7.97%
2,507
|
$260,502,000 | 0.12% |
| Uber Technologies Inc |
4.65%
3,569
|
$259,395,000 | 0.12% |
| Alibaba Group Hldg Ltd |
0.40%
3,534
|
$254,448,000 | 0.12% |
| Atmos Energy Corp. |
1.92%
2,065
|
$240,845,000 | 0.11% |
| Mondelez International Inc. |
0.97%
3,644
|
$238,450,000 | 0.11% |
| Palo Alto Networks Inc |
Opened
702
|
$237,985,000 | 0.11% |
| General Dynamics Corp. |
4.21%
816
|
$236,642,000 | 0.11% |
| Nuveen Global High Income Fd |
3.95%
18,383
|
$235,118,000 | 0.11% |
| Tractor Supply Co. |
6.03%
861
|
$232,470,000 | 0.11% |
| Phillips 66 |
0.06%
1,627
|
$229,628,000 | 0.11% |
| S&P Global Inc |
3.64%
512
|
$228,352,000 | 0.11% |
| Schwab Strategic Tr |
Closed
4,559
|
$224,485,000 | |
| Block Inc |
Closed
2,612
|
$220,923,000 | |
| Stryker Corp. |
2.88%
644
|
$219,121,000 | 0.10% |
| Texas Instrs Inc |
5.25%
1,120
|
$217,874,000 | 0.10% |
| Lithium Amers Corp New |
Opened
80,454
|
$215,617,000 | 0.10% |
| Disney Walt Co |
Closed
1,756
|
$214,897,000 | |
| Wells Fargo Co New |
Closed
3,679
|
$213,233,000 | |
| Walmart Inc |
Opened
3,133
|
$212,108,000 | 0.10% |
| VanEck ETF Trust |
Opened
812
|
$211,688,000 | 0.10% |
| Mcdonalds Corp |
Closed
750
|
$211,463,000 | |
| Adobe Inc |
Opened
377
|
$209,439,000 | 0.10% |
| Grayscale Bitcoin Tr Btc |
Closed
3,309
|
$209,030,000 | |
| Proshares Tr |
1.23%
2,166
|
$208,218,000 | 0.10% |
| Devon Energy Corp. |
Closed
4,112
|
$206,363,000 | |
| Carrier Global Corporation |
Closed
3,510
|
$204,036,000 | |
| Blackrock Inc. |
7.92%
259
|
$203,946,000 | 0.10% |
| Automatic Data Processing In |
Closed
817
|
$203,918,000 | |
| WEC Energy Group Inc |
Closed
2,480
|
$203,687,000 | |
| West Bancorporation |
11.21%
11,350
|
$203,168,000 | 0.10% |
| Waste Mgmt Inc Del |
Closed
949
|
$202,279,000 | |
| Unitedhealth Group Inc |
Closed
408
|
$201,838,000 | |
| Elevance Health Inc |
Opened
372
|
$201,572,000 | 0.09% |
| Blackrock Res & Commodities |
4.41%
19,474
|
$178,962,000 | 0.08% |
| Macerich Co. |
Closed
10,174
|
$175,298,000 | |
| Nuveen Real Estate Income Fd |
13.76%
20,267
|
$154,837,000 | 0.07% |
| Cohen & Steers Closed-end Op |
0.61%
12,871
|
$153,807,000 | 0.07% |
| SoFi Technologies, Inc. |
1.75%
20,784
|
$137,382,000 | 0.06% |
| Brightspire Capital Inc |
Closed
17,867
|
$123,106,000 | |
| Dnp Select Income Fd Inc |
No change
11,520
|
$94,694,000 | 0.04% |
| Granite Ridge Resources Inc |
3.44%
12,614
|
$79,847,000 | 0.04% |
| Gold Royalty Corp |
Closed
33,373
|
$62,741,000 | |
| B2gold Corp |
No change
10,000
|
$27,000,000 | 0.01% |
| Akebia Therapeutics Inc. |
No change
12,003
|
$12,243,000 | 0.01% |
| Northern Dynasty Minerals Lt |
No change
15,950
|
$4,952,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 154 holdings | |||
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