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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
+6.77%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$414M
AUM Growth
+$3.43M
(+0.83%)
Cap. Flow
-$22.8M
Cap. Flow
% of AUM
-5.51%
Top 10 Holdings %
Top 10 Hldgs %
70.56%
Holding
168
New
62
Increased
15
Reduced
56
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$11.5M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$8.53M |
| 3 |
iShares MSCI EAFE Small-Cap ETF
SCZ
|
+$3.36M |
| 4 |
iShares Russell 2000 Value ETF
IWN
|
+$1.91M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$1.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Value ETF
VTV
|
+$13.6M |
| 2 |
Vanguard Growth ETF
VUG
|
+$12.2M |
| 3 |
iShares Russell 1000 Growth ETF
IWF
|
+$11.6M |
| 4 |
Vanguard Small-Cap Value ETF
VBR
|
+$5.55M |
| 5 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$2.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.9% |
| 2 | Healthcare | 1.64% |
| 3 | Consumer Discretionary | 1.47% |
| 4 | Financials | 1.33% |
| 5 | Materials | 1.11% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $2.2M | 0.53% |
44,850
| – | – |
|
27
Microsoft
MSFT
$2.84T
| $2.11M | 0.51% |
13,398
-296
| -2% | -$43.5K |
|
28
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
| $2.1M | 0.51% |
35,506
-23
| -0.1% | -$1.38K |
|
29
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $1.68M | 0.41% |
20,860
-11,310
| -35% | -$877K |
|
30
Essential Utilities
WTRG
$11.2B
| $1.65M | 0.4% |
35,092
| – | – |
|
31
Pfizer
PFE
$140B
| $1.62M | 0.39% |
43,546
-389
| -0.9% | -$13.9K |
|
32
Vanguard Real Estate ETF
VNQ
$39.9B
| $1.41M | 0.34% |
15,151
-11
| -0.1% | -$1.02K |
|
33
Johnson & Johnson
JNJ
$635B
| $1.13M | 0.27% |
7,743
-12,042
| -61% | -$1.63M |
|
34
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $957K | 0.23% |
18,930
| – | – |
|
35
Alphabet (Google) Class C
GOOG
$3.9T
| $916K | 0.22% |
13,700
-140
| -1% | -$9.03K |
|
36
Visa
V
$677B
| $912K | 0.22% |
4,856
+17
| +0.4% | +$3.06K |
|
|
37
Alphabet (Google) Class A
GOOGL
$3.91T
| $908K | 0.22% |
13,560
-100
| -0.7% | -$6.45K |
|
38
Vanguard Large-Cap ETF
VV
$51.9B
| $880K | 0.21% |
5,954
-45
| -0.8% | -$6.37K |
|
39
Colgate-Palmolive
CL
$72.6B
| $859K | 0.21% |
12,484
-45
| -0.4% | -$3.07K |
|
40
Amgen
AMGN
$203B
| $805K | 0.19% |
3,340
-70
| -2% | -$15.4K |
|
41
Vanguard Energy ETF
VDE
$10.1B
| $783K | 0.19% |
9,610
-1,493
| -13% | -$116K |
|
42
Merck
MRK
$324B
| $725K | 0.18% |
8,356
-9,537
| -53% | -$783K |
|
43
Walt Disney
DIS
$165B
| $724K | 0.17% |
5,006
-258
| -5% | -$36K |
|
44
iShares Core S&P 500 ETF
IVV
$876B
| $696K | 0.17% |
2,155
-3
| -0.1% | -$928 |
|
45
Mastercard
MA
$477B
| $645K | 0.16% |
2,160
-11
| -0.5% | -$3.1K |
|
46
CSX Corp
CSX
$98.6B
| $622K | 0.15% |
25,776
| – | – |
|
47
ExxonMobil
XOM
$651B
| $604K | 0.15% |
8,651
+64
| +0.7% | +$4.43K |
|
48
Comcast
CMCSA
$79.1B
| $538K | 0.13% |
11,961
-500
| -4% | -$22.3K |
|
49
Chevron
CVX
$388B
| $507K | 0.12% |
4,209
-380
| -8% | -$44.8K |
|
50
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $501K | 0.12% |
9,995
| – | – |
|
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Independence Advisors's Q4 2019 Portfolio in Review
As of Q4 2019, Independence Advisors held 168 positions worth $414M, up 0.83% from $411M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Independence Advisors withdrew a net $22.8M in Q4 2019, closing 7 positions and reducing 56 holdings. Its most notable exit was Berkshire Hathaway Class B, an estimated $465K position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, up from 1.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Independence Advisors opened a new position in Vanguard Total World Stock ETF worth $303K.
- Independence Advisors's largest Q4 2019 buy was Vanguard Total World Stock ETF: 3,736 shares worth $303K.
- Independence Advisors added most to iShares S&P 500 Growth ETF in Q4 2019, an estimated $11.5M increase.
- Independence Advisors's biggest Q4 2019 reduction was Vanguard Value ETF, cutting an estimated $13.6M.
- Independence Advisors fully exited Berkshire Hathaway Class B in Q4 2019, selling an estimated $465K.
- Independence Advisors's ten largest holdings make up 71% of its $414M portfolio in Q4 2019.
- Independence Advisors opened 62 new positions and closed 7 in Q4 2019.
- Independence Advisors's portfolio value rose 0.83% quarter-over-quarter to $414M.
Based on Independence Advisors's 13F filing for Q4 2019, filed 7 Feb 2020.