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IA
Independence Advisors Portfolio holdings
AUM
$466M
1-Year Est. Return
11.32%
This Fund
S&P 500
This Quarter
Est. Return
+1.22%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$227M
AUM Growth
+$14.5M
(+6.8%)
Cap. Flow
+$12.4M
Cap. Flow
% of AUM
5.45%
Top 10 Holdings %
Top 10 Hldgs %
74.45%
Holding
79
New
5
Increased
23
Reduced
33
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$7.16M |
| 2 |
Vanguard Tax-Exempt Bond Index Fund
VTEB
|
+$3.51M |
| 3 |
iShares MSCI EAFE ETF
EFA
|
+$1.33M |
| 4 |
Vanguard Value ETF
VTV
|
+$1.05M |
| 5 |
iShares National Muni Bond ETF
MUB
|
+$625K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Medtronic
MDT
|
+$397K |
| 2 |
iShares Russell 1000 Value ETF
IWD
|
+$285K |
| 3 |
Booking.com
BKNG
|
+$278K |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$276K |
| 5 |
Teledyne Technologies
TDY
|
+$271K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 2.37% |
| 2 | Financials | 1.67% |
| 3 | Consumer Staples | 1.51% |
| 4 | Materials | 1.36% |
| 5 | Consumer Discretionary | 1.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Value ETF
VTV
$189B
| $29.5M | 12.98% |
317,151
+11,777
| +4% | +$1.05M |
|
2
iShares Russell 1000 Growth ETF
IWF
$122B
| $26.8M | 11.79% |
1,021,860
+7,528
| +0.7% | +$195K |
|
3
Vanguard Growth ETF
VUG
$216B
| $26.7M | 11.76% |
1,437,864
+13,434
| +0.9% | +$248K |
|
|
4
iShares MSCI EAFE ETF
EFA
$76.4B
| $23.9M | 10.53% |
414,365
+23,040
| +6% | +$1.33M |
|
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $19.5M | 8.57% |
234,485
+1,893
| +0.8% | +$161K |
|
|
6
iShares Russell 1000 Value ETF
IWD
$82B
| $12.7M | 5.58% |
113,262
-2,638
| -2% | -$285K |
|
7
iShares S&P 500 Growth ETF
IVW
$72.5B
| $10.6M | 4.65% |
347,156
-8,908
| -3% | -$269K |
|
|
8
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $7.14M | 3.14% |
+67,916
| New | +$7.16M |
|
9
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $6.94M | 3.05% |
189,957
+6,940
| +4% | +$253K |
|
10
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $5.41M | 2.38% |
114,589
+9,076
| +9% | +$422K |
|
11
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $4.28M | 1.88% |
45,533
+4,822
| +12% | +$462K |
|
12
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $3.66M | 1.61% |
30,246
+2,494
| +9% | +$286K |
|
|
13
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $3.47M | 1.53% |
+68,973
| New | +$3.51M |
|
14
iShares S&P 500 Value ETF
IVE
$48.9B
| $3.4M | 1.5% |
33,527
-1,204
| -3% | -$117K |
|
15
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $3.3M | 1.45% |
92,212
+3,318
| +4% | +$122K |
|
16
PPG Industries
PPG
$25.9B
| $2.86M | 1.26% |
30,170
-80
| -0.3% | -$7.64K |
|
17
McDonald's
MCD
$188B
| $2.57M | 1.13% |
21,114
+46
| +0.2% | +$5.39K |
|
|
BMTC
18
DELISTED
Bryn Mawr Bank Corp
BMTC
| $2.49M | 1.1% |
59,168
| – | – |
|
19
Pfizer
PFE
$140B
| $2.44M | 1.07% |
79,004
+125
| +0.2% | +$3.82K |
|
20
Vanguard Total Stock Market ETF
VTI
$654B
| $2.41M | 1.06% |
20,919
-1,621
| -7% | -$182K |
|
21
iShares MSCI Emerging Markets ETF
EEM
$28B
| $1.52M | 0.67% |
43,367
-2,182
| -5% | -$78.7K |
|
22
Apple
AAPL
$4.89T
| $1.49M | 0.66% |
51,420
+476
| +0.9% | +$13.5K |
|
23
iShares Russell 2000 Value ETF
IWN
$14.4B
| $1.42M | 0.63% |
11,943
-184
| -2% | -$20.3K |
|
24
Essential Utilities
WTRG
$11.2B
| $1.41M | 0.62% |
46,972
-4,791
| -9% | -$143K |
|
25
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $1.39M | 0.61% |
10,412
+978
| +10% | +$128K |
|
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Independence Advisors's Q4 2016 Portfolio in Review
As of Q4 2016, Independence Advisors held 79 positions worth $227M, up 6.8% from $213M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Independence Advisors deployed $12.4M of net new capital in Q4 2016, opening 5 new positions and adding to 23 existing holdings. Its largest new stake was iShares Short-Term National Muni Bond ETF: 67,916 shares worth $7.14M.
By sector, the portfolio is most concentrated in Healthcare at 2.4% of assets, down from 3% a quarter earlier, followed by Financials and Consumer Staples.
On the sell side, the largest reduction was iShares Russell 1000 Value ETF, an estimated $285K trimmed.
- Independence Advisors's largest Q4 2016 buy was iShares Short-Term National Muni Bond ETF: 67,916 shares worth $7.14M.
- Independence Advisors added most to iShares MSCI EAFE ETF in Q4 2016, an estimated $1.33M increase.
- Independence Advisors's biggest Q4 2016 reduction was iShares Russell 1000 Value ETF, cutting an estimated $285K.
- Independence Advisors fully exited Medtronic in Q4 2016, selling an estimated $397K.
- Independence Advisors's ten largest holdings make up 74% of its $227M portfolio in Q4 2016.
- Independence Advisors opened 5 new positions and closed 9 in Q4 2016.
- Independence Advisors's portfolio value rose 6.8% quarter-over-quarter to $227M.
Based on Independence Advisors's 13F filing for Q4 2016, filed 18 Jan 2017.