Independent Wealth Network Inc.

Independent Wealth Network runs a $337 million, 301-position mandate that reads like a retail-wealth platform or subadvisory sleeve rather than a concentrated manager. The portfolio is built from a broad menu of SPDR, Vanguard, Invesco, JPMorgan, and First Trust ETFs, with a handful of single-name positions — Caterpillar, Apple, Nvidia, Microsoft, Amazon, Meta, and Visa — bundled in at the margin. The Q1 2026 activity was concentrated in the ETF core and read as a tenor and sector rotation rather than a new thesis.

On the reduction side, the fund cut several long-duration and broad-market sleeves: iShares ILTB (long-term Treasury) was reduced by $3.9 million, SPDR SPYG (S&P 500 Growth) by $3.6 million, SPDR SPYV (S&P 500 Value) by $3.5 million, and iShares ACWI (all-cap world) by $3.3 million. SPDR SPAB (aggregate bond) and SPYD (high-dividend) were also trimmed. The common thread is a move away from longer-duration fixed income and broad passive equity.