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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
-17.54%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$362M
AUM Growth
-$51.7M
(-12%)
Cap. Flow
+$29.9M
Cap. Flow
% of AUM
8.24%
Top 10 Holdings %
Top 10 Hldgs %
73.87%
Holding
168
New
7
Increased
49
Reduced
45
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Value ETF
VTV
|
+$14.1M |
| 2 |
Vanguard Growth ETF
VUG
|
+$4.94M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$4.82M |
| 4 |
iShares Russell 1000 Growth ETF
IWF
|
+$4.5M |
| 5 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$3.25M |
| 2 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$2.58M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$986K |
| 4 |
iShares MSCI EAFE Value ETF
EFV
|
+$959K |
| 5 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$665K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.8% |
| 2 | Healthcare | 1.51% |
| 3 | Consumer Discretionary | 1.36% |
| 4 | Financials | 0.97% |
| 5 | Materials | 0.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Microsoft
MSFT
$2.84T
| $2.16M | 0.6% |
13,688
+290
| +2% | +$47.7K |
|
27
iShares Russell 2000 ETF
IWM
$80.9B
| $1.92M | 0.53% |
16,774
-578
| -3% | -$86.2K |
|
|
BMTC
28
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.68M | 0.46% |
59,168
| – | – |
|
29
Essential Utilities
WTRG
$11.2B
| $1.43M | 0.39% |
35,092
| – | – |
|
30
Pfizer
PFE
$140B
| $1.35M | 0.37% |
43,676
+130
| +0.3% | +$4.43K |
|
31
Vanguard Real Estate ETF
VNQ
$39.9B
| $1.22M | 0.34% |
17,479
+2,328
| +15% | +$204K |
|
|
32
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
| $994K | 0.27% |
23,155
-12,351
| -35% | -$665K |
|
33
Johnson & Johnson
JNJ
$635B
| $954K | 0.26% |
7,277
-466
| -6% | -$66.1K |
|
34
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
$3.05B
| $947K | 0.26% |
18,930
| – | – |
|
35
Colgate-Palmolive
CL
$72.6B
| $825K | 0.23% |
12,429
-55
| -0.4% | -$3.88K |
|
36
Alphabet (Google) Class C
GOOG
$3.9T
| $797K | 0.22% |
13,700
| – | – |
|
|
37
Alphabet (Google) Class A
GOOGL
$3.91T
| $788K | 0.22% |
13,560
| – | – |
|
38
Visa
V
$677B
| $782K | 0.22% |
4,856
| – | – |
|
39
Vanguard Large-Cap ETF
VV
$51.9B
| $705K | 0.19% |
5,954
| – | – |
|
40
Amgen
AMGN
$203B
| $677K | 0.19% |
3,340
| – | – |
|
41
Merck
MRK
$324B
| $613K | 0.17% |
8,356
| – | – |
|
42
iShares Core S&P 500 ETF
IVV
$876B
| $606K | 0.17% |
2,347
+192
| +9% | +$58.8K |
|
43
Vanguard Short-Term Bond ETF
BSV
$44.6B
| $594K | 0.16% |
7,232
+5,170
| +251% | +$420K |
|
44
Mastercard
MA
$477B
| $565K | 0.16% |
2,338
+178
| +8% | +$52.9K |
|
45
CSX Corp
CSX
$98.6B
| $492K | 0.14% |
25,776
| – | – |
|
46
Amazon
AMZN
$2.5T
| $462K | 0.13% |
4,740
+1,300
| +38% | +$126K |
|
47
Walmart Inc
WMT
$871B
| $450K | 0.12% |
11,886
| – | – |
|
48
Vanguard Total Bond Market
BND
$157B
| $416K | 0.11% |
4,879
-500
| -9% | -$42.5K |
|
49
BlackRock Short Maturity Municipal Bond ETF
MEAR
$1.36B
| $398K | 0.11% |
7,995
-2,000
| -20% | -$100K |
|
50
Walt Disney
DIS
$165B
| $387K | 0.11% |
4,007
-999
| -20% | -$126K |
|
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Independence Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Independence Advisors held 168 positions worth $362M, down 12% from $414M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Independence Advisors deployed $29.9M of net new capital in Q1 2020, opening 7 new positions and adding to 49 existing holdings. Its largest new stake was GE Aerospace: 2,089 shares worth $83K.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, down from 1.9% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard FTSE All-World ex-US Small-Cap Index Fund, an estimated $3.25M trimmed.
- Independence Advisors's largest Q1 2020 buy was GE Aerospace: 2,089 shares worth $83K.
- Independence Advisors added most to Vanguard Value ETF in Q1 2020, an estimated $14.1M increase.
- Independence Advisors's biggest Q1 2020 reduction was Vanguard FTSE All-World ex-US Small-Cap Index Fund, cutting an estimated $3.25M.
- Independence Advisors fully exited Booking.com in Q1 2020, selling an estimated $310K.
- Independence Advisors's ten largest holdings make up 74% of its $362M portfolio in Q1 2020.
- Independence Advisors opened 7 new positions and closed 15 in Q1 2020.
- Independence Advisors's portfolio value fell 12% quarter-over-quarter to $362M.
Based on Independence Advisors's 13F filing for Q1 2020, filed 8 May 2020.