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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
-1.11%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$303M
AUM Growth
+$6.8M
Cap. Flow
+$10.5M
Cap. Flow %
3.46%
Top 10 Hldgs %
73.35%
Holding
80
New
4
Increased
24
Reduced
19
Closed
4

Top Buys

Rank Stock Value
1
MUB icon
iShares National Muni Bond ETF
MUB
+$4.35M
2
IWD icon
iShares Russell 1000 Value ETF
IWD
+$1.16M
3
IJS icon
iShares S&P Small-Cap 600 Value ETF
IJS
+$1.06M
4
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$1.01M
5
EFV icon
iShares MSCI EAFE Value ETF
EFV
+$758K

Top Sells

Rank Stock Value
1
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$1.1M
2
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$326K
3
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$306K
4
NTRI
NutriSystem, Inc.
NTRI
+$277K
5
RPM icon
RPM International
RPM
+$212K

Sector Composition

Rank Sector Weight
1 Financials 1.57%
2 Healthcare 1.54%
3 Consumer Discretionary 1.36%
4 Technology 1.23%
5 Materials 1.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PHYS icon
76
Sprott Physical Gold
PHYS
$14.6B
$119K 0.04%
11,027
– –
BRK.B icon
77
Berkshire Hathaway Class B
BRK.B
$1.07T
– –
-1,545
Closed -$306K
GSAT icon
78
Globalstar
GSAT
$10.2B
– –
-1,142
Closed -$22K
RPM icon
79
RPM International
RPM
$13.7B
– –
-4,044
Closed -$212K
NTRI
80
DELISTED
NutriSystem, Inc.
NTRI
– –
-5,269
Closed -$277K
1 2 3
4

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Independence Advisors's Q1 2018 Portfolio in Review

As of Q1 2018, Independence Advisors held 80 positions worth $303M, up 2.3% from $296M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Independence Advisors deployed $10.5M of net new capital in Q1 2018, opening 4 new positions and adding to 24 existing holdings. Its largest new stake was iShares S&P Small-Cap 600 Growth ETF: 6,126 shares worth $533K.

By sector, the portfolio is most concentrated in Financials at 1.6% of assets, down from 1.7% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Vanguard Tax-Exempt Bond Index Fund, an estimated $1.1M trimmed.

  • Independence Advisors's largest Q1 2018 buy was iShares S&P Small-Cap 600 Growth ETF: 6,126 shares worth $533K.
  • Independence Advisors added most to iShares National Muni Bond ETF in Q1 2018, an estimated $4.35M increase.
  • Independence Advisors's biggest Q1 2018 reduction was Vanguard Tax-Exempt Bond Index Fund, cutting an estimated $1.1M.
  • Independence Advisors fully exited Berkshire Hathaway Class B in Q1 2018, selling an estimated $306K.
  • Independence Advisors's ten largest holdings make up 73% of its $303M portfolio in Q1 2018.
  • Independence Advisors opened 4 new positions and closed 4 in Q1 2018.
  • Independence Advisors's portfolio value rose 2.3% quarter-over-quarter to $303M.

Based on Independence Advisors's 13F filing for Q1 2018, filed 6 Apr 2018.