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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
+10.83%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$356M
AUM Growth
+$54.9M
Cap. Flow
+$22.9M
Cap. Flow %
6.45%
Top 10 Hldgs %
71.3%
Holding
100
New
12
Increased
36
Reduced
18
Closed
3

Top Buys

Rank Stock Value
1
VTV icon
Vanguard Value ETF
VTV
+$4.5M
2
VBR icon
Vanguard Small-Cap Value ETF
VBR
+$2.66M
3
VUG icon
Vanguard Growth ETF
VUG
+$2.5M
4
VSS icon
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
+$1.87M
5
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$1.84M

Top Sells

Rank Stock Value
1
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$457K
2
IVW icon
iShares S&P 500 Growth ETF
IVW
+$276K
3
NTRI
NutriSystem, Inc.
NTRI
+$231K
4
RPM icon
RPM International
RPM
+$200K
5
IWN icon
iShares Russell 2000 Value ETF
IWN
+$167K

Sector Composition

Rank Sector Weight
1 Healthcare 1.79%
2 Technology 1.62%
3 Consumer Discretionary 1.46%
4 Financials 1.32%
5 Materials 1.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTV icon
1
Vanguard Value ETF
VTV
$189B
$43.7M 12.28%
405,879
+42,774
+12% +$4.5M
IWF icon
2
iShares Russell 1000 Growth ETF
IWF
$122B
$41.6M 11.7%
1,099,972
+51,164
+5% +$1.84M
VUG icon
3
Vanguard Growth ETF
VUG
$216B
$41.6M 11.69%
1,594,212
+101,448
+7% +$2.5M
EFA icon
4
iShares MSCI EAFE ETF
EFA
$76.4B
$35.1M 9.87%
540,954
+27,465
+5% +$1.73M
BIV icon
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$25.7M 7.23%
306,238
-789
-0.3% -$65K
IVW icon
6
iShares S&P 500 Growth ETF
IVW
$72.5B
$15.2M 4.28%
352,976
-6,728
-2% -$276K
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$82B
$15.1M 4.24%
122,033
+2,318
+2% +$279K
SUB icon
8
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$14.5M 4.08%
136,991
-960
-0.7% -$101K
EFV icon
9
iShares MSCI EAFE Value ETF
EFV
$27.6B
$11.2M 3.14%
228,481
+32,293
+16% +$1.55M
VSS icon
10
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
$9.92M 2.79%
95,304
+18,423
+24% +$1.87M
VBR icon
11
Vanguard Small-Cap Value ETF
VBR
$37.1B
$8.82M 2.48%
68,481
+20,909
+44% +$2.66M
MUB icon
12
iShares National Muni Bond ETF
MUB
$45.1B
$8.69M 2.44%
78,143
-345
-0.4% -$37.8K
VEA icon
13
Vanguard FTSE Developed Markets ETF
VEA
$226B
$8.18M 2.3%
200,092
+22,367
+13% +$894K
VTEB icon
14
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$7.12M 2%
136,545
+301
+0.2% +$15.5K
VWO icon
15
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$5.67M 1.6%
133,473
+11,557
+9% +$476K
MCD icon
16
McDonald's
MCD
$188B
$4.02M 1.13%
21,177
+53
+0.3% +$9.62K
VBK icon
17
Vanguard Small-Cap Growth ETF
VBK
$23.2B
$3.67M 1.03%
20,408
+9,702
+91% +$1.67M
IVE icon
18
iShares S&P 500 Value ETF
IVE
$48.9B
$3.4M 0.95%
30,126
-20
-0.1% -$2.2K
PPG icon
19
PPG Industries
PPG
$25.9B
$3.37M 0.95%
29,865
-140
-0.5% -$15K
AAPL icon
20
Apple
AAPL
$4.89T
$2.64M 0.74%
55,680
+2,332
+4% +$98.9K
IJS icon
21
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
$2.33M 0.65%
31,532
+1,498
+5% +$111K
SHM icon
22
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$2.17M 0.61%
44,850
– –
BMTC
23
DELISTED
Bryn Mawr Bank Corp
BMTC
$2.14M 0.6%
59,168
– –
VNQI icon
24
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
$2.12M 0.6%
35,576
-55
-0.2% -$3.12K
PFE icon
25
Pfizer
PFE
$140B
$1.74M 0.49%
43,058
– –
1
2 3 4

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Independence Advisors's Q1 2019 Portfolio in Review

As of Q1 2019, Independence Advisors held 100 positions worth $356M, up 18% from $301M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Independence Advisors deployed $22.9M of net new capital in Q1 2019, opening 12 new positions and adding to 36 existing holdings. Its largest new stake was Vanguard Total Bond Market: 5,379 shares worth $437K.

By sector, the portfolio is most concentrated in Healthcare at 1.8% of assets, up from 1.8% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $276K trimmed.

  • Independence Advisors's largest Q1 2019 buy was Vanguard Total Bond Market: 5,379 shares worth $437K.
  • Independence Advisors added most to Vanguard Value ETF in Q1 2019, an estimated $4.5M increase.
  • Independence Advisors's biggest Q1 2019 reduction was iShares S&P 500 Growth ETF, cutting an estimated $276K.
  • Independence Advisors fully exited Berkshire Hathaway Class A in Q1 2019, selling an estimated $457K.
  • Independence Advisors's ten largest holdings make up 71% of its $356M portfolio in Q1 2019.
  • Independence Advisors opened 12 new positions and closed 3 in Q1 2019.
  • Independence Advisors's portfolio value rose 18% quarter-over-quarter to $356M.

Based on Independence Advisors's 13F filing for Q1 2019, filed 3 May 2019.