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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
(-0.16%)
Cap. Flow
-$9.15M
Cap. Flow
% of AUM
-3.65%
Top 10 Holdings %
Top 10 Hldgs %
77.23%
Holding
79
New
5
Increased
18
Reduced
26
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares MSCI EAFE ETF
EFA
|
+$1.15M |
| 2 |
Vanguard Value ETF
VTV
|
+$844K |
| 3 |
Vanguard Intermediate-Term Bond ETF
BIV
|
+$550K |
| 4 |
WSFS Financial
WSFS
|
+$392K |
| 5 |
Amazon
AMZN
|
+$281K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$8.72M |
| 2 |
Colgate-Palmolive
CL
|
+$882K |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$624K |
| 4 |
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 | |
|---|---|---|---|---|---|---|
|
1
Vanguard Value ETF
VTV
$189B
| $34.3M | 13.66% |
343,517
+8,620
| +3% | +$844K |
|
2
Vanguard Growth ETF
VUG
$216B
| $31.5M | 12.55% |
1,424,268
-3,534
| -0.2% | -$76.8K |
|
3
iShares Russell 1000 Growth ETF
IWF
$122B
| $31.5M | 12.53% |
1,005,952
-3,192
| -0.3% | -$97.7K |
|
|
4
iShares MSCI EAFE ETF
EFA
$76.4B
| $31.2M | 12.41% |
455,026
+17,132
| +4% | +$1.15M |
|
|
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $21.6M | 8.6% |
254,979
+6,477
| +3% | +$550K |
|
6
iShares Russell 1000 Value ETF
IWD
$82B
| $12.8M | 5.08% |
107,663
-1,555
| -1% | -$181K |
|
7
iShares S&P 500 Growth ETF
IVW
$72.5B
| $11.7M | 4.67% |
326,652
-6,744
| -2% | -$238K |
|
8
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $8.19M | 3.26% |
188,631
-648
| -0.3% | -$27.5K |
|
9
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $6.13M | 2.44% |
112,189
-1,172
| -1% | -$62.2K |
|
10
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $5.08M | 2.02% |
44,204
-532
| -1% | -$59.5K |
|
11
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $3.95M | 1.57% |
76,379
+2,643
| +4% | +$137K |
|
12
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $3.86M | 1.54% |
88,658
-1,079
| -1% | -$46.7K |
|
13
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $3.62M | 1.44% |
28,359
-1,092
| -4% | -$135K |
|
14
McDonald's
MCD
$188B
| $3.38M | 1.35% |
21,555
+634
| +3% | +$99.4K |
|
15
iShares S&P 500 Value ETF
IVE
$48.9B
| $3.35M | 1.33% |
31,021
-265
| -0.8% | -$28.1K |
|
16
PPG Industries
PPG
$25.9B
| $3.27M | 1.3% |
30,090
-181
| -0.6% | -$19.3K |
|
17
Vanguard Total Stock Market ETF
VTI
$654B
| $2.81M | 1.12% |
21,717
+74
| +0.3% | +$9.37K |
|
|
BMTC
18
DELISTED
Bryn Mawr Bank Corp
BMTC
| $2.59M | 1.03% |
59,168
| – | – |
|
19
Campbell Soup
CPB
$6.51B
| $2.03M | 0.81% |
43,266
| – | – |
|
20
Apple
AAPL
$4.89T
| $1.96M | 0.78% |
50,808
-292
| -0.6% | -$11.3K |
|
21
iShares MSCI Emerging Markets ETF
EEM
$28B
| $1.82M | 0.72% |
40,571
-1,804
| -4% | -$79.4K |
|
22
Pfizer
PFE
$140B
| $1.54M | 0.61% |
45,388
-6,358
| -12% | -$204K |
|
23
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $1.48M | 0.59% |
9,668
-403
| -4% | -$59.2K |
|
24
iShares Russell 2000 Value ETF
IWN
$14.4B
| $1.46M | 0.58% |
11,789
| – | – |
|
25
iShares Russell 2000 ETF
IWM
$80.9B
| $1.43M | 0.57% |
9,674
-190
| -2% | -$26.7K |
|
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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.