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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
-1.11%
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
VTV icon
1
Vanguard Value ETF
VTV
$189B
$37.2M 12.26%
360,290
+3,190
+0.9% +$342K
IWF icon
2
iShares Russell 1000 Growth ETF
IWF
$122B
$34.3M 11.31%
1,007,668
-2,656
-0.3% -$93.1K
VUG icon
3
Vanguard Growth ETF
VUG
$216B
$33.9M 11.19%
1,434,270
+3,510
+0.2% +$85.6K
EFA icon
4
iShares MSCI EAFE ETF
EFA
$76.4B
$33.6M 11.08%
481,976
+5,604
+1% +$400K
BIV icon
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$22.7M 7.49%
277,712
+7,214
+3% +$592K
SUB icon
6
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$19.4M 6.39%
184,708
-3,106
-2% -$326K
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$82B
$14M 4.61%
116,520
+9,306
+9% +$1.16M
IVW icon
8
iShares S&P 500 Growth ETF
IVW
$72.5B
$12.6M 4.16%
325,636
+6,876
+2% +$274K
VEA icon
9
Vanguard FTSE Developed Markets ETF
VEA
$226B
$7.91M 2.61%
178,658
-2,261
-1% -$103K
EFV icon
10
iShares MSCI EAFE Value ETF
EFV
$27.6B
$6.79M 2.24%
124,482
+13,508
+12% +$758K
VTEB icon
11
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$6.54M 2.16%
128,644
-21,670
-14% -$1.1M
SHM icon
12
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$6.25M 2.06%
130,590
+21,165
+19% +$1.01M
VSS icon
13
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
$5.34M 1.76%
44,818
+1,613
+4% +$195K
MUB icon
14
iShares National Muni Bond ETF
MUB
$45.1B
$5.24M 1.73%
48,095
+39,890
+486% +$4.35M
VWO icon
15
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$4.21M 1.39%
89,714
+3,278
+4% +$157K
IVE icon
16
iShares S&P 500 Value ETF
IVE
$48.9B
$4.01M 1.32%
36,642
+5,935
+19% +$678K
VBR icon
17
Vanguard Small-Cap Value ETF
VBR
$37.1B
$3.84M 1.27%
29,694
+1,588
+6% +$210K
PPG icon
18
PPG Industries
PPG
$25.9B
$3.35M 1.11%
30,055
– –
MCD icon
19
McDonald's
MCD
$188B
$3.29M 1.09%
21,068
+51
+0.2% +$8.39K
VTI icon
20
Vanguard Total Stock Market ETF
VTI
$654B
$2.97M 0.98%
21,899
+83
+0.4% +$11.6K
BMTC
21
DELISTED
Bryn Mawr Bank Corp
BMTC
$2.6M 0.86%
59,168
– –
AAPL icon
22
Apple
AAPL
$4.89T
$2.29M 0.76%
54,568
-1,036
-2% -$44.6K
IJS icon
23
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
$1.71M 0.56%
22,616
+13,762
+155% +$1.06M
IWM icon
24
iShares Russell 2000 ETF
IWM
$80.9B
$1.54M 0.51%
10,174
– –
EEM icon
25
iShares MSCI Emerging Markets ETF
EEM
$28B
$1.5M 0.49%
31,051
– –
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.