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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
GSAT icon
76
Globalstar
GSAT
$10.2B
$22K 0.01%
1,142
– –
AMZN icon
77
Amazon
AMZN
$2.5T
– –
-5,720
Closed -$275K
GE icon
78
GE Aerospace
GE
$367B
– –
-3,628
Closed -$420K
PEP icon
79
PepsiCo
PEP
$186B
– –
-1,959
Closed -$218K
PM icon
80
Philip Morris
PM
$301B
– –
-2,207
Closed -$245K
VT icon
81
Vanguard Total World Stock ETF
VT
$76.3B
– –
-2,893
Closed -$205K
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.