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Independence Advisors Portfolio holdings

AUM $466M
1-Year Est. Return 11.32%
This Fund
S&P 500
This Quarter Est. Return
+4.28%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$296M
AUM Growth
+$45.3M
Cap. Flow
+$33.5M
Cap. Flow %
11.3%
Top 10 Hldgs %
75.18%
Holding
81
New
10
Increased
16
Reduced
30
Closed
5

Top Buys

Rank Stock Value
1
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$19.8M
2
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$5.28M
3
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$3.82M
4
EFA icon
iShares MSCI EAFE ETF
EFA
+$1.48M
5
VTV icon
Vanguard Value ETF
VTV
+$1.4M

Top Sells

Rank Stock Value
1
CPB icon
Campbell Soup
CPB
+$606K
2
EEM icon
iShares MSCI Emerging Markets ETF
EEM
+$441K
3
GE icon
GE Aerospace
GE
+$420K
4
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$341K
5
IVW icon
iShares S&P 500 Growth ETF
IVW
+$295K

Sector Composition

Rank Sector Weight
1 Financials 1.71%
2 Healthcare 1.66%
3 Consumer Discretionary 1.51%
4 Materials 1.26%
5 Consumer Staples 1.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IWN icon
26
iShares Russell 2000 Value ETF
IWN
$14.4B
$1.45M 0.49%
11,536
-253
-2% -$31.6K
VBK icon
27
Vanguard Small-Cap Growth ETF
VBK
$23.2B
$1.35M 0.45%
8,365
-1,303
-13% -$205K
WTRG icon
28
Essential Utilities
WTRG
$11.2B
$1.26M 0.42%
32,058
+1
+0% +$36
VDE icon
29
Vanguard Energy ETF
VDE
$10.1B
$1.15M 0.39%
11,595
+91
+0.8% +$8.56K
MUB icon
30
iShares National Muni Bond ETF
MUB
$45.1B
$909K 0.31%
8,205
+3,880
+90% +$429K
CL icon
31
Colgate-Palmolive
CL
$72.6B
$898K 0.3%
+11,901
New +$869K
MSFT icon
32
Microsoft
MSFT
$2.84T
$876K 0.3%
10,246
– –
JNJ icon
33
Johnson & Johnson
JNJ
$635B
$780K 0.26%
5,585
-275
-5% -$38.3K
VV icon
34
Vanguard Large-Cap ETF
VV
$51.9B
$762K 0.26%
6,214
– –
GOOG icon
35
Alphabet (Google) Class C
GOOG
$3.9T
$719K 0.24%
+13,740
New +$699K
XOM icon
36
ExxonMobil
XOM
$651B
$719K 0.24%
8,600
-149
-2% -$12.3K
GOOGL icon
37
Alphabet (Google) Class A
GOOGL
$3.91T
$680K 0.23%
+12,920
New +$667K
IJS icon
38
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
$680K 0.23%
8,854
-1,440
-14% -$108K
AMGN icon
39
Amgen
AMGN
$203B
$595K 0.2%
3,420
+39
+1% +$6.9K
VNQ icon
40
Vanguard Real Estate ETF
VNQ
$39.9B
$572K 0.19%
6,892
+225
+3% +$18.9K
ABBV icon
41
AbbVie
ABBV
$458B
$529K 0.18%
5,474
-103
-2% -$9.71K
CVX icon
42
Chevron
CVX
$388B
$527K 0.18%
4,207
-25
-0.6% -$2.96K
CSX icon
43
CSX Corp
CSX
$98.6B
$510K 0.17%
27,831
-486
-2% -$8.61K
MO icon
44
Altria Group
MO
$122B
$451K 0.15%
6,321
-619
-9% -$41.5K
DIS icon
45
Walt Disney
DIS
$165B
$445K 0.15%
4,142
-578
-12% -$59.5K
MRK icon
46
Merck
MRK
$324B
$436K 0.15%
8,129
– –
V icon
47
Visa
V
$677B
$427K 0.14%
3,742
-10
-0.3% -$1.1K
WSFS icon
48
WSFS Financial
WSFS
$4.1B
$416K 0.14%
8,692
– –
KO icon
49
Coca-Cola
KO
$354B
$410K 0.14%
8,940
-400
-4% -$18.4K
BA icon
50
Boeing
BA
$165B
$393K 0.13%
1,331
– –
1
2
3 4

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Independence Advisors's Q4 2017 Portfolio in Review

As of Q4 2017, Independence Advisors held 81 positions worth $296M, up 18% from $251M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Independence Advisors deployed $33.5M of net new capital in Q4 2017, opening 10 new positions and adding to 16 existing holdings. Its largest new stake was iShares Short-Term National Muni Bond ETF: 187,814 shares worth $19.7M.

By sector, the portfolio is most concentrated in Financials at 1.7% of assets, down from 1.9% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Campbell Soup, an estimated $606K trimmed.

  • Independence Advisors's largest Q4 2017 buy was iShares Short-Term National Muni Bond ETF: 187,814 shares worth $19.7M.
  • Independence Advisors added most to Vanguard Tax-Exempt Bond Index Fund in Q4 2017, an estimated $3.82M increase.
  • Independence Advisors's biggest Q4 2017 reduction was Campbell Soup, cutting an estimated $606K.
  • Independence Advisors fully exited GE Aerospace in Q4 2017, selling an estimated $420K.
  • Independence Advisors's ten largest holdings make up 75% of its $296M portfolio in Q4 2017.
  • Independence Advisors opened 10 new positions and closed 5 in Q4 2017.
  • Independence Advisors's portfolio value rose 18% quarter-over-quarter to $296M.

Based on Independence Advisors's 13F filing for Q4 2017, filed 12 Jan 2018.