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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
IVV icon
51
iShares Core S&P 500 ETF
IVV
$876B
$373K 0.13%
1,389
-54
-4% -$14.1K
HD icon
52
Home Depot
HD
$332B
$359K 0.12%
1,896
– –
WMT icon
53
Walmart Inc
WMT
$871B
$356K 0.12%
10,830
– –
AXDX
54
DELISTED
Accelerate Diagnostics
AXDX
$341K 0.12%
1,300
– –
SCZ icon
55
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
$323K 0.11%
5,000
– –
VNQI icon
56
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
$310K 0.1%
5,128
+6
+0.1% +$361
TRV icon
57
Travelers Companies
TRV
$80.8B
$309K 0.1%
+2,278
New +$301K
BRK.B icon
58
Berkshire Hathaway Class B
BRK.B
$1.07T
$306K 0.1%
1,545
-22
-1% -$4.18K
IBM icon
59
IBM
IBM
$202B
$300K 0.1%
2,045
+6
+0.3% +$872
MA icon
60
Mastercard
MA
$477B
$288K 0.1%
1,900
– –
WFC icon
61
Wells Fargo
WFC
$261B
$287K 0.1%
4,724
-588
-11% -$33.2K
NTRI
62
DELISTED
NutriSystem, Inc.
NTRI
$277K 0.09%
5,269
– –
TFX icon
63
Teleflex
TFX
$5.85B
$276K 0.09%
+1,108
New +$278K
MMM icon
64
3M
MMM
$89B
$262K 0.09%
1,334
– –
HON icon
65
Honeywell
HON
$77.1B
$258K 0.09%
1,860
-32
-2% -$4.29K
BEN icon
66
Franklin Resources
BEN
$16.9B
$257K 0.09%
5,937
– –
IBMI
67
DELISTED
iShares iBonds Sep 2020 Term Muni Bond ETF
IBMI
$252K 0.09%
+9,950
New +$254K
VOT icon
68
Vanguard Mid-Cap Growth ETF
VOT
$19B
$227K 0.08%
1,779
– –
BKNG icon
69
Booking.com
BKNG
$138B
$226K 0.08%
3,250
– –
VZ icon
70
Verizon
VZ
$194B
$222K 0.07%
4,203
-74
-2% -$3.64K
UNH icon
71
UnitedHealth
UNH
$382B
$214K 0.07%
+969
New +$205K
RPM icon
72
RPM International
RPM
$13.7B
$212K 0.07%
4,044
– –
ISRG icon
73
Intuitive Surgical
ISRG
$121B
$208K 0.07%
+1,707
New +$214K
FRBK
74
DELISTED
Republic First Bancorp Inc
FRBK
$174K 0.06%
20,597
– –
PHYS icon
75
Sprott Physical Gold
PHYS
$14.6B
$117K 0.04%
11,027
– –
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.