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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
+2.83%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$390M
AUM Growth
+$34.4M
Cap. Flow
+$24.4M
Cap. Flow %
6.26%
Top 10 Hldgs %
72.72%
Holding
107
New
10
Increased
45
Reduced
24
Closed
5

Top Buys

Rank Stock Value
1
EFA icon
iShares MSCI EAFE ETF
EFA
+$7.24M
2
VTV icon
Vanguard Value ETF
VTV
+$5.51M
3
IWF icon
iShares Russell 1000 Growth ETF
IWF
+$4.96M
4
VUG icon
Vanguard Growth ETF
VUG
+$4.49M
5
BIV icon
Vanguard Intermediate-Term Bond ETF
BIV
+$559K

Top Sells

Rank Stock Value
1
IVW icon
iShares S&P 500 Growth ETF
IVW
+$525K
2
IVV icon
iShares Core S&P 500 ETF
IVV
+$351K
3
SCHF icon
Schwab International Equity ETF
SCHF
+$285K
4
CELG
Celgene Corp
CELG
+$255K
5
VTEB icon
Vanguard Tax-Exempt Bond Index Fund
VTEB
+$249K

Sector Composition

Rank Sector Weight
1 Technology 1.88%
2 Consumer Discretionary 1.56%
3 Healthcare 1.56%
4 Financials 1.35%
5 Materials 1.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTV icon
1
Vanguard Value ETF
VTV
$189B
$50.6M 12.98%
456,369
+50,490
+12% +$5.51M
IWF icon
2
iShares Russell 1000 Growth ETF
IWF
$122B
$48.3M 12.38%
1,228,020
+128,048
+12% +$4.96M
VUG icon
3
Vanguard Growth ETF
VUG
$216B
$48M 12.3%
1,762,218
+168,006
+11% +$4.49M
EFA icon
4
iShares MSCI EAFE ETF
EFA
$76.4B
$42.8M 10.98%
651,629
+110,675
+20% +$7.24M
BIV icon
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$27.1M 6.94%
312,851
+6,613
+2% +$559K
IWD icon
6
iShares Russell 1000 Value ETF
IWD
$82B
$15.3M 3.92%
120,278
-1,755
-1% -$220K
IVW icon
7
iShares S&P 500 Growth ETF
IVW
$72.5B
$15.3M 3.92%
341,028
-11,948
-3% -$525K
SUB icon
8
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$14.6M 3.74%
136,743
-248
-0.2% -$26.3K
EFV icon
9
iShares MSCI EAFE Value ETF
EFV
$27.6B
$11.1M 2.85%
231,582
+3,101
+1% +$151K
VSS icon
10
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
$10.6M 2.71%
100,362
+5,058
+5% +$528K
VBR icon
11
Vanguard Small-Cap Value ETF
VBR
$37.1B
$8.93M 2.29%
68,420
-61
-0.1% -$7.93K
MUB icon
12
iShares National Muni Bond ETF
MUB
$45.1B
$8.7M 2.23%
76,896
-1,247
-2% -$140K
VEA icon
13
Vanguard FTSE Developed Markets ETF
VEA
$226B
$8.3M 2.13%
199,038
-1,054
-0.5% -$43.4K
VTEB icon
14
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$7M 1.79%
131,811
-4,734
-3% -$249K
VWO icon
15
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$5.59M 1.43%
131,404
-2,069
-2% -$87.1K
MCD icon
16
McDonald's
MCD
$188B
$4.42M 1.13%
21,311
+134
+0.6% +$26.5K
VBK icon
17
Vanguard Small-Cap Growth ETF
VBK
$23.2B
$3.72M 0.95%
19,983
-425
-2% -$77.3K
PPG icon
18
PPG Industries
PPG
$25.9B
$3.52M 0.9%
30,191
+326
+1% +$37.2K
IVE icon
19
iShares S&P 500 Value ETF
IVE
$48.9B
$3.45M 0.89%
29,613
-513
-2% -$58.8K
AAPL icon
20
Apple
AAPL
$4.89T
$3.3M 0.85%
66,608
+10,928
+20% +$532K
IJS icon
21
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
$2.34M 0.6%
31,532
– –
BMTC
22
DELISTED
Bryn Mawr Bank Corp
BMTC
$2.21M 0.57%
59,168
– –
SHM icon
23
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$2.19M 0.56%
44,850
– –
VNQI icon
24
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
$2.1M 0.54%
35,561
-15
-0% -$878
MSFT icon
25
Microsoft
MSFT
$2.84T
$1.86M 0.48%
13,861
+1,550
+13% +$197K
1
2 3 4 5

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Independence Advisors's Q2 2019 Portfolio in Review

As of Q2 2019, Independence Advisors held 107 positions worth $390M, up 9.7% from $356M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Independence Advisors deployed $24.4M of net new capital in Q2 2019, opening 10 new positions and adding to 45 existing holdings. Its largest new stake was Movado Group: 15,721 shares worth $424K.

By sector, the portfolio is most concentrated in Technology at 1.9% of assets, up from 1.6% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was iShares S&P 500 Growth ETF, an estimated $525K trimmed.

  • Independence Advisors's largest Q2 2019 buy was Movado Group: 15,721 shares worth $424K.
  • Independence Advisors added most to iShares MSCI EAFE ETF in Q2 2019, an estimated $7.24M increase.
  • Independence Advisors's biggest Q2 2019 reduction was iShares S&P 500 Growth ETF, cutting an estimated $525K.
  • Independence Advisors fully exited Schwab International Equity ETF in Q2 2019, selling an estimated $285K.
  • Independence Advisors's ten largest holdings make up 73% of its $390M portfolio in Q2 2019.
  • Independence Advisors opened 10 new positions and closed 5 in Q2 2019.
  • Independence Advisors's portfolio value rose 9.7% quarter-over-quarter to $390M.

Based on Independence Advisors's 13F filing for Q2 2019, filed 12 Aug 2019.