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Independent Wealth Network Inc. — 13F Holdings & Portfolio

CIK 1891240 · latest 13F-HR filed 2026-10-19

Backtest portfolio

Independent Wealth Network Inc. manages $397.3M in 13F-reported U.S. long-equity assets across 335 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are CAT (5.41%), SPYM (4.36%), JPST (3.00%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 31 new positions and exited 36; 97 existing positions rose in reported value and 93 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$397.3M

Long-equity book

Holdings
335

Distinct positions

Period
2026-09-30

Filed 2026-10-19

Q/Q Activity
+31 / −36 / ↑97 / ↓93

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
CAT5.4% · +0%SPYM4.4% · -2%JPST3.0% · -2%SPYG2.9% · -4%QQQ1.9% · +0%NVDA1.7% · +6%CVX1.7% · +16%AAPL1.6% · -1%RDFI1.6% · +8%DFUS1.6% · -1%MSFT1.6% · -2%SPYV1.3% · -4%SLV1.3% · -1%VOO1.3% · +2%QTEC1.0% · +1%AMZN1.0% · +1%GLD1.0% · +1%VUG0.9% · -2%ACWI0.9% · -4%SPYD0.8% · -4%JEPI0.8% · -9%FLRT0.8% · +0%PLTR0.8% · -0%XLE0.8% · -10%XLK0.7% · -0%XMMO0.7% · +6%VYM0.7% · -2%BRK.B0.7% · +2%META0.7% · +3%STIP0.6% · +1%FJAN0.6% · -0%BND0.6% · +13%SPAB0.6% · -10%LMBS0.6% · +7%PSFF0.6% · -4%V0.6% · +3%DUKH0.6% · -2%ILTB0.5% · -4%SPY0.5% · -1%BIL0.5% · -4%QYLD0.5% · +1%SOXX0.5% · +8%YYY0.5% · +2%SECT0.5% · -3%IVV0.5% · +3%BUFR0.5% · +4%DUKZ0.5% · -3%RWK0.5% · +263%GOOG0.5% · +8%BBAG0.5% · +3%DLN0.5% · -3%AGG0.4% · +3%IAU0.4% · +40%SNTH0.4% · +16%GOOGL0.4% · +6%VBK0.4% · -2%JEPQ0.4% · +121%CGUS0.4% · -2%SPCX0.4% · +357%AVLC0.4% · +73%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 25.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Oct 13, 2026.

Assets Under Management
$518.4M
Discretionary
$443.0M
Employees
37
Accounts
2,881
Address
2350 NW 128TH ST
URBANDALE, IA 50323
Phone
(515) 461-5123
Website
Name Title / Status Ownership Type
DINKIN, ARTHUR, LAWRENCE ControlCFO
since Jan 2025
25–50%Individual
ENDELMAN, ANDREW, GREGORY ControlPRESIDENT & CCO
since Jan 2025
10–25%Individual
ZUPANCIC, JEFFREY, LAWRENCE ControlCEO
since Aug 2017
25–50%Individual
Ownership & leadership changes · 8 filings with changes since May 2, 2017

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jan 6, 2025 filing
  • ChangedDINKIN, ARTHUR, LAWRENCE · title PRESIDENT & CCO → CFO
  • ChangedENDELMAN, ANDREW, GREGORY · title COO → PRESIDENT & CCO
Mar 6, 2023 filing
  • ChangedENDELMAN, ANDREW, GREGORY · title DIRECTOR OF OPERATIONS → COO; ownership 5–10% → 10–25%
Mar 29, 2021 filing
  • ChangedDINKIN, ARTHUR, LAWRENCE · ownership 50–75% → 25–50%
  • ChangedENDELMAN, ANDREW, GREGORY · ownership Less than 5% → 5–10%
  • ChangedZUPANCIC, JEFFREY, LAWRENCE · ownership 50–75% → 25–50%
Mar 31, 2020 filing
  • ChangedENDELMAN, ANDREW, GREGORY · title OPERATIONS MANAGER → DIRECTOR OF OPERATIONS
Apr 2, 2019 filing
  • ChangedENDELMAN, ANDREW, GREGORY · title OPERATIONS MANAAGER → OPERATIONS MANAGER
Mar 26, 2019 filing
  • AddedENDELMAN, ANDREW, GREGORY · OPERATIONS MANAAGER · Less than 5% · control person
Aug 22, 2017 filing
  • No longer listedJACKSON, DEBORAH, SUE · OWNER AND CCO · 75% or more · control person · listed since Apr 2017
  • AddedDINKIN, ARTHUR, LAWRENCE · PRESIDENT & CCO · 50–75% · control person
  • AddedZUPANCIC, JEFFREY, LAWRENCE · CEO · 50–75% · control person
May 12, 2017 filing
  • ChangedJACKSON, DEBORAH, SUE · title CCO → OWNER AND CCO
May 2, 2017 filing (earliest on record)
  • ListedJACKSON, DEBORAH, SUE · CCO · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Independent Wealth Network Inc. Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 CATERPILLAR INC CAT 149123101 $21.5M 5.41% 26,532 SH
2 SPDR SERIES TRUST SPYM 78464A854 $17.3M 4.36% 192,783 SH
3 J P MORGAN EXCHANGE TRADED F JPST 46641Q837 $11.9M 3.00% 236,829 SH
4 SPDR SERIES TRUST SPYG 78464A409 $11.5M 2.89% 93,334 SH
5 INVESCO QQQ TR QQQ 46090E103 $7.4M 1.85% 9,940 SH
6 NVIDIA CORPORATION NVDA 67066G104 $6.7M 1.70% 29,543 SH
7 CHEVRON CORPORATION CVX 166764100 $6.7M 1.68% 32,696 SH
8 APPLE INC AAPL 037833100 $6.5M 1.65% 19,626 SH
9 COLLABORATIVE INVESTMNT SER RDFI 19423L722 $6.5M 1.64% 300,985 SH
10 DIMENSIONAL ETF TRUST DFUS 25434V401 $6.2M 1.56% 74,470 SH
11 MICROSOFT CORP MSFT 594918104 $6.2M 1.55% 12,039 SH
12 SPDR SERIES TRUST SPYV 78464A508 $5.2M 1.31% 85,257 SH
13 ISHARES SILVER TR SLV 46428Q109 $5.2M 1.31% 95,321 SH
14 VANGUARD INDEX FDS VOO 922908363 $5.1M 1.29% 7,298 SH
15 FIRST TR EXCHANGE-TRADED FD QTEC 337345102 $4.1M 1.03% 12,367 SH
16 AMAZON COM INC AMZN 023135106 $4.0M 1.01% 16,108 SH
17 SPDR GOLD TR GLD 78463V107 $4.0M 1.01% 10,510 SH
18 VANGUARD INDEX FDS VUG 922908736 $3.5M 0.88% 38,750 SH
19 ISHARES TR ACWI 464288257 $3.5M 0.87% 21,851 SH
20 SPDR SERIES TRUST SPYD 78468R788 $3.1M 0.79% 69,180 SH
21 J P MORGAN EXCHANGE TRADED F JEPI 46641Q332 $3.1M 0.78% 55,372 SH
22 PACER FDS TR FLRT 69374H428 $3.0M 0.76% 65,034 SH
23 PALANTIR TECHNOLOGIES INC PLTR 69608A108 $3.0M 0.75% 15,958 SH
24 SELECT SECTOR SPDR TR XLE 81369Y506 $3.0M 0.75% 48,458 SH
25 SELECT SECTOR SPDR TR XLK 81369Y803 $3.0M 0.75% 15,170 SH
26 INVESCO EXCHANGE TRADED FD T XMMO 46137V464 $2.9M 0.74% 20,064 SH
27 VANGUARD WHITEHALL FDS VYM 921946406 $2.9M 0.72% 18,414 SH
28 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $2.8M 0.71% 5,669 SH
29 META PLATFORMS INC META 30303M102 $2.6M 0.65% 3,583 SH
30 ISHARES TR STIP 46429B747 $2.6M 0.65% 25,840 SH
31 FIRST TR EXCHNG TRADED FD VI FJAN 33740F623 $2.6M 0.65% 45,434 SH
32 VANGUARD BD INDEX FDS BND 921937835 $2.5M 0.64% 36,120 SH
33 SPDR SERIES TRUST SPAB 78464A649 $2.5M 0.63% 102,846 SH
34 FIRST TR EXCHANGE-TRADED FD LMBS 33739Q200 $2.5M 0.63% 51,503 SH
35 PACER FDS TR PSFF 69374H568 $2.3M 0.58% 66,016 SH
36 VISA INC V 92826C839 $2.2M 0.56% 6,224 SH
37 NORTHERN LIGHTS FD TR DUKH 66538J290 $2.2M 0.55% 94,769 SH
38 ISHARES TR ILTB 464289479 $2.0M 0.51% 45,385 SH
39 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $2.0M 0.51% 2,646 SH
40 SPDR SERIES TRUST BIL 78468R663 $2.0M 0.51% 21,936 SH
41 GLOBAL X FDS QYLD 37954Y483 $2.0M 0.51% 108,154 SH
42 ISHARES TR SOXX 464287523 $2.0M 0.50% 3,526 SH
43 AMPLIFY ETF TR YYY 032108847 $2.0M 0.50% 191,208 SH
44 NORTHERN LTS FD TR IV SECT 66538H591 $1.9M 0.49% 27,010 SH
45 ISHARES TR IVV 464287200 $1.9M 0.49% 2,518 SH
46 FIRST TR EXCHNG TRADED FD VI BUFR 33740F755 $1.9M 0.48% 51,340 SH
47 NORTHERN LIGHTS FD TR DUKZ 66538J282 $1.9M 0.48% 77,885 SH
48 INVESCO EXCH TRADED FD TR II RWK 46138G672 $1.9M 0.47% 13,612 SH
49 ALPHABET INC GOOG 02079K107 $1.8M 0.47% 5,424 SH
50 J P MORGAN EXCHANGE TRADED F BBAG 46641Q241 $1.8M 0.46% 42,072 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-19 $397.3M 335 0001891240-26-000004
2026-06-30 2026-07-20 $393.3M 340 0001891240-26-000003
2026-03-31 2026-04-21 $336.7M 301 0001891240-26-000002
2025-12-31 2026-01-26 $327.4M 288 0001891240-26-000001
Filer Information
Address
2350 NW 128TH ST.
URBANDALE, IA 50323
Phone
(515) 461-5123
Filing Manager
Independent Wealth Network Inc.
URBANDALE, IA
Signatory
Andrew Endelman
President & Chief Compliance Officer