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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
VTV icon
1
Vanguard Value ETF
VTV
$189B
$38M 12.81%
357,100
+13,583
+4% +$1.4M
IWF icon
2
iShares Russell 1000 Growth ETF
IWF
$122B
$34M 11.48%
1,010,324
+4,372
+0.4% +$143K
VUG icon
3
Vanguard Growth ETF
VUG
$216B
$33.5M 11.32%
1,430,760
+6,492
+0.5% +$149K
EFA icon
4
iShares MSCI EAFE ETF
EFA
$76.4B
$33.5M 11.3%
476,372
+21,346
+5% +$1.48M
BIV icon
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$22.7M 7.65%
270,498
+15,519
+6% +$1.31M
SUB icon
6
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$19.7M 6.65%
+187,814
New +$19.8M
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$82B
$13.3M 4.5%
107,214
-449
-0.4% -$54.4K
IVW icon
8
iShares S&P 500 Growth ETF
IVW
$72.5B
$12.2M 4.11%
318,760
-7,892
-2% -$295K
VEA icon
9
Vanguard FTSE Developed Markets ETF
VEA
$226B
$8.12M 2.74%
180,919
-7,712
-4% -$341K
VTEB icon
10
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$7.77M 2.62%
150,314
+73,935
+97% +$3.82M
EFV icon
11
iShares MSCI EAFE Value ETF
EFV
$27.6B
$6.13M 2.07%
110,974
-1,215
-1% -$66.7K
SHM icon
12
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$5.24M 1.77%
+109,425
New +$5.28M
VSS icon
13
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
$5.15M 1.74%
43,205
-999
-2% -$116K
VWO icon
14
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$3.97M 1.34%
86,436
-2,222
-3% -$99.3K
VBR icon
15
Vanguard Small-Cap Value ETF
VBR
$37.1B
$3.73M 1.26%
28,106
-253
-0.9% -$32.9K
MCD icon
16
McDonald's
MCD
$188B
$3.62M 1.22%
21,017
-538
-2% -$90.3K
PPG icon
17
PPG Industries
PPG
$25.9B
$3.51M 1.18%
30,055
-35
-0.1% -$4.04K
IVE icon
18
iShares S&P 500 Value ETF
IVE
$48.9B
$3.51M 1.18%
30,707
-314
-1% -$34.8K
VTI icon
19
Vanguard Total Stock Market ETF
VTI
$654B
$2.99M 1.01%
21,816
+99
+0.5% +$13.2K
BMTC
20
DELISTED
Bryn Mawr Bank Corp
BMTC
$2.62M 0.88%
59,168
– –
AAPL icon
21
Apple
AAPL
$4.89T
$2.35M 0.79%
55,604
+4,796
+9% +$200K
IWM icon
22
iShares Russell 2000 ETF
IWM
$80.9B
$1.55M 0.52%
10,174
+500
+5% +$75.1K
PFE icon
23
Pfizer
PFE
$140B
$1.55M 0.52%
44,993
-395
-0.9% -$13.5K
CPB icon
24
Campbell Soup
CPB
$6.51B
$1.47M 0.5%
30,511
-12,755
-29% -$606K
EEM icon
25
iShares MSCI Emerging Markets ETF
EEM
$28B
$1.46M 0.49%
31,051
-9,520
-23% -$441K
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.