IndiView Chart of the Week: IndiStock Portfolio Rebalance

On November 3, 2025, the IndiStock portfolio — IndiWealth’s individual stock selection strategy — completed a scheduled rebalance. This included introducing new positions, exiting select holdings, and adjusting weights across existing names.

Today’s Chart of the Week compares the post-rebalance IndiStock allocation to the S&P 500, highlighting key differences and the rationale behind them. All data reflects the rebalance date of November 3, 2025.

Positioning

Sector Weighting

The chart below compares sector exposure in the IndiStock portfolio versus the SPDR S&P 500 ETF (SPY).

IndiStock currently holds meaningfully lower exposure to Information Technology relative to SPY. Instead, the portfolio’s largest sector position is Financials at ~21%, while SPY’s largest weight is Information Technology at nearly 37%.

“Magnificent Seven” Exposure

The next chart highlights exposure differences to the “Magnificent Seven”: Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).

As of the rebalance date:

• SPY held the Mag 7 at ~34.5% of its weight
• IndiStock held 6 of the 7 names (excluding TSLA) at a combined ~18% of the portfolio

This represents a meaningful underweight versus the cap-weighted index.

Rationale

We believe the S&P 500, as currently constructed, is over-concentrated in both the Technology sector and the Mag 7 stocks. In our view, these elevated weights create concentration risk for investors.

IndiStock is actively managed to identify opportunities while maintaining a disciplined, diversified approach across sectors, industries, and position sizes.

Portfolio Construction Framework

IndiStock follows our 0%–5% allocation principle, assigning position sizes based on risk-reward conviction:

• 1% allocation: Entry level or potential exit position – less conviction on risk/reward
• 2% allocation: Core holdings – slightly below average current risk/reward
• 3% allocation: Core holdings – average current risk/reward
• 4% allocation: Core holdings – higher than average current risk/reward
• 5% allocation: Core holdings – best current risk/reward 

Position sizes are reviewed and adjusted periodically. Stocks may temporarily fall outside these ranges but are re-aligned during rebalancing. We also monitor sector and industry exposures to help ensure diversification.

Examples From the Recent Rebalance

(Not a complete list)

• Initiated:
  • Mastercard (MA) and AJ Gallagher (AJG) — high-quality companies where recent relative weakness created attractive entry points
• Increased:
  • Meta Platforms (META) — we viewed the post-earnings reaction as overly negative relative to fundamental trends
• Reduced:
  • Alphabet (GOOGL) and Uber (UBER) — both remain high-conviction holdings at 4% and 5% weights, respectively, but had become oversized
• Exited:
  • Booz Allen Hamilton (BAH) and Constellation Brands (STZ) — quality names, but recent weakness and lack of near-term catalysts led us to reallocate capital elsewhere

Reminder: Portfolio positioning reflects our investment framework and does not represent a recommendation or indication of future results.

Conclusion

The IndiStock portfolio seeks to own high-quality companies at reasonable valuations, with position sizes driven by a consistent risk-reward framework.

We do not aim to replicate the S&P 500, and we expect the portfolio to differ meaningfully from the benchmark over time. Our belief is that disciplined security selection, valuation awareness, and diversification can support long-term capital appreciation.

If you’d like to learn more about the IndiStock portfolio or evaluate which portfolio may be appropriate for your circumstances, please contact us for a complimentary consultation.

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Model Portfolio Disclosure

The positions and allocation changes discussed reflect activity in the IndiStock model portfolio as of November 3, 2025, and may not represent decisions made in all client accounts. Actual client portfolios may differ based on individual investment objectives, risk tolerance, tax considerations, and other factors.

This discussion is for informational and educational purposes only and is intended to illustrate investment philosophy and portfolio construction principles. It is not investment advice, a recommendation, or an offer to buy or sell any security. Trades are discussed on a delayed basis and should not be relied upon as real-time signals.

References to specific securities are for illustrative purposes only. Future investment decisions may differ, and no assumptions should be made that the positions discussed will continue to be held or will result in profitable outcomes.