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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
+3.73%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$251M
AUM Growth
-$394K
Cap. Flow
-$9.15M
Cap. Flow %
-3.65%
Top 10 Hldgs %
77.23%
Holding
79
New
5
Increased
18
Reduced
26
Closed
8

Top Buys

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$1.15M
2
VTV icon
Vanguard Value ETF
VTV
+$844K
3
BIV icon
Vanguard Intermediate-Term Bond ETF
BIV
+$550K
4
WSFS icon
WSFS Financial
WSFS
+$392K
5
AMZN icon
Amazon
AMZN
+$281K

Top Sells

Rank Stock Value
1
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$8.72M
2
CL icon
Colgate-Palmolive
CL
+$882K
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$624K
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$569K
5
RAI
Reynolds American Inc
RAI
+$336K

Sector Composition

Rank Sector Weight
1 Financials 1.88%
2 Consumer Discretionary 1.79%
3 Healthcare 1.68%
4 Consumer Staples 1.45%
5 Materials 1.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SUB icon
76
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
– –
-82,418
Closed -$8.72M
TFX icon
77
Teleflex
TFX
$5.85B
– –
-1,108
Closed -$230K
TRV icon
78
Travelers Companies
TRV
$80.8B
– –
-2,278
Closed -$288K
RAI
79
DELISTED
Reynolds American Inc
RAI
– –
-5,161
Closed -$336K
1 2 3
4

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Independence Advisors's Q3 2017 Portfolio in Review

As of Q3 2017, Independence Advisors held 79 positions worth $251M, down 0.16% from $251M the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Independence Advisors withdrew a net $9.15M in Q3 2017, closing 8 positions and reducing 26 holdings. Its most notable exit was iShares Short-Term National Muni Bond ETF, an estimated $8.72M position sold in full.

By sector, the portfolio is most concentrated in Financials at 1.9% of assets, up from 1.8% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Independence Advisors opened a new position in WSFS Financial worth $424K.

  • Independence Advisors's largest Q3 2017 buy was WSFS Financial: 8,692 shares worth $424K.
  • Independence Advisors added most to iShares MSCI EAFE ETF in Q3 2017, an estimated $1.15M increase.
  • Independence Advisors's biggest Q3 2017 reduction was iShares S&P 500 Growth ETF, cutting an estimated $238K.
  • Independence Advisors fully exited iShares Short-Term National Muni Bond ETF in Q3 2017, selling an estimated $8.72M.
  • Independence Advisors's ten largest holdings make up 77% of its $251M portfolio in Q3 2017.
  • Independence Advisors opened 5 new positions and closed 8 in Q3 2017.
  • Independence Advisors's portfolio value fell 0.16% quarter-over-quarter to $251M.

Based on Independence Advisors's 13F filing for Q3 2017, filed 16 Oct 2017.