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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
-10.84%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$301M
AUM Growth
-$35.1M
Cap. Flow
+$2.76M
Cap. Flow %
0.92%
Top 10 Hldgs %
72.24%
Holding
98
New
5
Increased
21
Reduced
42
Closed
10

Top Buys

Rank Stock Value
1
MUB icon
iShares National Muni Bond ETF
MUB
+$3.51M
2
VSS icon
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
+$2.64M
3
VBR icon
Vanguard Morningstar Small-Cap Value ETF
VBR
+$2.46M
4
IVW icon
iShares S&P 500 Growth ETF
IVW
+$2.44M
5
EFV icon
iShares MSCI EAFE Value ETF
EFV
+$2.3M

Top Sells

Rank Stock Value
1
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$4.66M
2
VTV icon
Vanguard Morningstar Value ETF
VTV
+$4M
3
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$3.37M
4
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$2.64M
5
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$1.3M

Sector Composition

Rank Sector Weight
1 Miscellaneous 89.71%
2 Healthcare 1.75%
3 Consumer Discretionary 1.6%
4 Technology 1.51%
5 Financials 1.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
COST icon
76
Costco
COST
$401B
$215K 0.07%
1,054
-87
-8% -$19.4K
VOT icon
77
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.1B
$213K 0.07%
1,779
– –
MMM icon
78
3M
MMM
$85.1B
$212K 0.07%
1,331
-79
-6% -$13.1K
VZ icon
79
Verizon
VZ
$210B
$209K 0.07%
3,722
-1,458
-28% -$82.7K
PEP icon
80
PepsiCo
PEP
$186B
$208K 0.07%
1,886
-59
-3% -$6.65K
ADP icon
81
Automatic Data Processing
ADP
$107B
$201K 0.07%
1,534
-9
-0.6% -$1.27K
INTC icon
82
Intel
INTC
$544B
$201K 0.07%
4,288
-99
-2% -$4.63K
RPM icon
83
RPM International
RPM
$12.8B
$200K 0.07%
3,408
– –
AXDX
84
DELISTED
Accelerate Diagnostics
AXDX
$150K 0.05%
1,300
– –
FRBK
85
DELISTED
Republic First Bancorp Inc
FRBK
$123K 0.04%
20,597
– –
PHYS icon
86
Sprott Physical Gold
PHYS
$15.6B
$114K 0.04%
11,027
– –
EVFM
87
DELISTED
Evofem Biosciences, Inc. Common Stock
EVFM
$42K 0.01%
667
– –
GSAT icon
88
Globalstar
GSAT
$10.7B
$11K ﹤0.01%
1,142
– –
APD icon
89
Air Products & Chemicals
APD
$64.9B
– –
-1,322
Closed -$221K
CAT icon
90
Caterpillar
CAT
$376B
– –
-1,313
Closed -$200K
NKE icon
91
Nike
NKE
$54.6B
– –
-2,406
Closed -$204K
TDY icon
92
Teledyne Technologies
TDY
$28B
– –
-869
Closed -$214K
TJX icon
93
TJX Companies
TJX
$139B
– –
-4,168
Closed -$233K
TXN icon
94
Texas Instruments
TXN
$245B
– –
-1,875
Closed -$201K
VT icon
95
Vanguard Total World Stock ETF
VT
$81.6B
– –
-2,693
Closed -$204K
XLK icon
96
State Street Technology Select Sector SPDR ETF
XLK
$122B
– –
-5,330
Closed -$201K
KSU
97
DELISTED
Kansas City Southern
KSU
– –
-1,783
Closed -$202K
IBMI
98
DELISTED
iShares iBonds Sep 2020 Term Muni Bond ETF
IBMI
– –
-8,250
Closed -$208K
1 2 3
4

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Independence Advisors's Q4 2018 Portfolio in Review

As of Q4 2018, Independence Advisors held 98 positions worth $301M, down 10% from $336M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Independence Advisors's Q4 2018 filing shows 5 new, 21 increased, 42 reduced and 10 closed positions. Its largest new stake was State Street SPDR Nuveen ICE Municipal Bond ETF: 18,930 shares worth $911K. The largest sale was iShares Short-Term National Muni Bond ETF, an estimated $4.66M.

By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 89% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Independence Advisors's largest Q4 2018 buy was State Street SPDR Nuveen ICE Municipal Bond ETF: 18,930 shares worth $911K.
  • Independence Advisors added most to iShares National Muni Bond ETF in Q4 2018, an estimated $3.51M increase.
  • Independence Advisors's biggest Q4 2018 reduction was iShares Short-Term National Muni Bond ETF, cutting an estimated $4.66M.
  • Independence Advisors fully exited TJX Companies in Q4 2018, selling an estimated $233K.
  • Independence Advisors's ten largest holdings make up 72% of its $301M portfolio in Q4 2018.
  • Independence Advisors opened 5 new positions and closed 10 in Q4 2018.
  • Independence Advisors's portfolio value fell 10% quarter-over-quarter to $301M.

Based on Independence Advisors's 13F filing for Q4 2018, filed 31 Jan 2019.