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IA
Independence Advisors Portfolio holdings
AUM
$466M
1-Year Est. Return
11.32%
This Fund
S&P 500
This Quarter
Est. Return
-10.84%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$301M
AUM Growth
-$35.1M
(-10%)
Cap. Flow
+$2.76M
Cap. Flow
% of AUM
0.92%
Top 10 Holdings %
Top 10 Hldgs %
72.24%
Holding
98
New
5
Increased
21
Reduced
42
Closed
10
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares National Muni Bond ETF
MUB
|
+$3.51M |
| 2 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$2.64M |
| 3 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$2.46M |
| 4 |
iShares S&P 500 Growth ETF
IVW
|
+$2.44M |
| 5 |
iShares MSCI EAFE Value ETF
EFV
|
+$2.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$4.66M |
| 2 |
Vanguard Morningstar Value ETF
VTV
|
+$4M |
| 3 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$3.37M |
| 4 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$2.64M |
| 5 |
iShares Russell 1000 Growth ETF
IWF
|
+$1.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.71% |
| 2 | Healthcare | 1.75% |
| 3 | Consumer Discretionary | 1.6% |
| 4 | Technology | 1.51% |
| 5 | Financials | 1.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
iShares Russell 2000 ETF
IWM
$78.5B
| $1.48M | 0.49% |
11,062
+864
| +8% | +$129K |
|
27
iShares Russell 2000 Value ETF
IWN
$14.3B
| $1.43M | 0.48% |
13,320
+1,946
| +17% | +$234K |
|
28
iShares MSCI Emerging Markets ETF
EEM
$31.5B
| $1.26M | 0.42% |
32,325
-396
| -1% | -$15.9K |
|
29
Vanguard Real Estate ETF
VNQ
$37.4B
| $1.15M | 0.38% |
15,379
+1,835
| +14% | +$145K |
|
30
Essential Utilities
WTRG
$11.7B
| $1.1M | 0.36% |
32,062
+1
| +0% | +$35 |
|
31
Microsoft
MSFT
$3.68T
| $1.08M | 0.36% |
10,661
-9
| -0.1% | -$964 |
|
32
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$2.99B
| $911K | 0.3% |
+18,930
| New | +$896K |
|
33
Vanguard Energy ETF
VDE
$11.1B
| $904K | 0.3% |
11,721
+43
| +0.4% | +$3.94K |
|
34
iShares MSCI EAFE Small-Cap ETF
SCZ
$13B
| $748K | 0.25% |
14,434
+9,434
| +189% | +$528K |
|
35
Campbell Soup
CPB
$6.26B
| $735K | 0.24% |
22,288
| – | – |
|
36
Colgate-Palmolive
CL
$69.2B
| $708K | 0.24% |
11,901
-37
| -0.3% | -$2.31K |
|
37
Johnson & Johnson
JNJ
$640B
| $708K | 0.24% |
5,483
-308
| -5% | -$43K |
|
38
Amgen
AMGN
$204B
| $689K | 0.23% |
3,537
-8
| -0.2% | -$1.56K |
|
39
Vanguard Morningstar Large-Cap ETF
VV
$54.2B
| $689K | 0.23% |
5,999
| – | – |
|
40
Alphabet (Google) Class A
GOOGL
$4.14T
| $676K | 0.22% |
12,940
-120
| -0.9% | -$6.49K |
|
|
41
Alphabet (Google) Class C
GOOG
$4.1T
| $637K | 0.21% |
12,300
-120
| -1% | -$6.42K |
|
42
iShares S&P Small-Cap 600 Growth ETF
IJT
$8.06B
| $615K | 0.2% |
7,630
+3,320
| +77% | +$296K |
|
43
ExxonMobil
XOM
$683B
| $597K | 0.2% |
8,754
-274
| -3% | -$21.5K |
|
44
Merck
MRK
$355B
| $584K | 0.19% |
8,004
-119
| -1% | -$8.4K |
|
45
CSX Corp
CSX
$90.7B
| $541K | 0.18% |
26,124
-2,055
| -7% | -$47.3K |
|
46
Visa
V
$692B
| $511K | 0.17% |
+3,873
| New | +$535K |
|
47
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.4B
| $499K | 0.17% |
+9,995
| New | +$499K |
|
48
Chevron
CVX
$420B
| $477K | 0.16% |
4,385
-42
| -0.9% | -$4.87K |
|
49
AbbVie
ABBV
$454B
| $476K | 0.16% |
5,162
| – | – |
|
50
Berkshire Hathaway Class A
BRK.A
$1.09T
| $457K | 0.15% |
+1
| New | +$313K |
|
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Independence Advisors's Q4 2018 Portfolio in Review
As of Q4 2018, Independence Advisors held 98 positions worth $301M, down 10% from $336M the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Independence Advisors's Q4 2018 filing shows 5 new, 21 increased, 42 reduced and 10 closed positions. Its largest new stake was State Street SPDR Nuveen ICE Municipal Bond ETF: 18,930 shares worth $911K. The largest sale was iShares Short-Term National Muni Bond ETF, an estimated $4.66M.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 89% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Independence Advisors's largest Q4 2018 buy was State Street SPDR Nuveen ICE Municipal Bond ETF: 18,930 shares worth $911K.
- Independence Advisors added most to iShares National Muni Bond ETF in Q4 2018, an estimated $3.51M increase.
- Independence Advisors's biggest Q4 2018 reduction was iShares Short-Term National Muni Bond ETF, cutting an estimated $4.66M.
- Independence Advisors fully exited TJX Companies in Q4 2018, selling an estimated $233K.
- Independence Advisors's ten largest holdings make up 72% of its $301M portfolio in Q4 2018.
- Independence Advisors opened 5 new positions and closed 10 in Q4 2018.
- Independence Advisors's portfolio value fell 10% quarter-over-quarter to $301M.
Based on Independence Advisors's 13F filing for Q4 2018, filed 31 Jan 2019.