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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
+0.47%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$411M
AUM Growth
+$20.6M
Cap. Flow
+$18.6M
Cap. Flow %
4.54%
Top 10 Hldgs %
72.57%
Holding
110
New
8
Increased
27
Reduced
41
Closed
4

Top Buys

Rank Stock Value
1
EFV icon
iShares MSCI EAFE Value ETF
EFV
+$5.01M
2
VBR icon
Vanguard Small-Cap Value ETF
VBR
+$3.11M
3
VTV icon
Vanguard Value ETF
VTV
+$2.64M
4
JNJ icon
Johnson & Johnson
JNJ
+$1.78M
5
EFA icon
iShares MSCI EAFE ETF
EFA
+$1.56M

Top Sells

Rank Stock Value
1
CPB icon
Campbell Soup
CPB
+$844K
2
AAPL icon
Apple
AAPL
+$526K
3
SUB icon
iShares Short-Term National Muni Bond ETF
SUB
+$513K
4
INTC icon
Intel
INTC
+$249K
5
IVW icon
iShares S&P 500 Growth ETF
IVW
+$224K

Sector Composition

Rank Sector Weight
1 Healthcare 1.98%
2 Technology 1.69%
3 Consumer Discretionary 1.58%
4 Financials 1.46%
5 Materials 1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTV icon
1
Vanguard Value ETF
VTV
$189B
$53.6M 13.05%
480,238
+23,869
+5% +$2.64M
VUG icon
2
Vanguard Growth ETF
VUG
$216B
$50.2M 12.23%
1,812,822
+50,604
+3% +$1.4M
IWF icon
3
iShares Russell 1000 Growth ETF
IWF
$122B
$49.9M 12.15%
1,250,084
+22,064
+2% +$885K
EFA icon
4
iShares MSCI EAFE ETF
EFA
$76.4B
$44.1M 10.73%
675,867
+24,238
+4% +$1.56M
BIV icon
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$27.6M 6.73%
314,060
+1,209
+0.4% +$106K
EFV icon
6
iShares MSCI EAFE Value ETF
EFV
$27.6B
$16.1M 3.91%
339,089
+107,507
+46% +$5.01M
IWD icon
7
iShares Russell 1000 Value ETF
IWD
$82B
$15.4M 3.76%
120,255
-23
-0% -$2.92K
IVW icon
8
iShares S&P 500 Growth ETF
IVW
$72.5B
$15.1M 3.68%
336,072
-4,956
-1% -$224K
SUB icon
9
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
$14.1M 3.42%
131,941
-4,802
-4% -$513K
VBR icon
10
Vanguard Small-Cap Value ETF
VBR
$37.1B
$11.9M 2.91%
92,720
+24,300
+36% +$3.11M
VSS icon
11
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
$11.1M 2.7%
108,962
+8,600
+9% +$882K
MUB icon
12
iShares National Muni Bond ETF
MUB
$45.1B
$8.67M 2.11%
75,981
-915
-1% -$104K
VEA icon
13
Vanguard FTSE Developed Markets ETF
VEA
$226B
$8.45M 2.06%
205,785
+6,747
+3% +$276K
VTEB icon
14
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
$7.35M 1.79%
137,028
+5,217
+4% +$279K
VWO icon
15
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$6.1M 1.48%
151,477
+20,073
+15% +$829K
MCD icon
16
McDonald's
MCD
$188B
$4.57M 1.11%
21,269
-42
-0.2% -$9.01K
VBK icon
17
Vanguard Small-Cap Growth ETF
VBK
$23.2B
$3.95M 0.96%
21,723
+1,740
+9% +$324K
PPG icon
18
PPG Industries
PPG
$25.9B
$3.58M 0.87%
30,191
– –
IVE icon
19
iShares S&P 500 Value ETF
IVE
$48.9B
$3.5M 0.85%
29,406
-207
-0.7% -$24.3K
AAPL icon
20
Apple
AAPL
$4.89T
$3.17M 0.77%
56,556
-10,052
-15% -$526K
JNJ icon
21
Johnson & Johnson
JNJ
$635B
$2.56M 0.62%
19,785
+13,526
+216% +$1.78M
IJS icon
22
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
$2.42M 0.59%
32,170
+638
+2% +$46.9K
SHM icon
23
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$2.2M 0.53%
44,850
– –
BMTC
24
DELISTED
Bryn Mawr Bank Corp
BMTC
$2.16M 0.53%
59,168
– –
VNQI icon
25
Vanguard Global ex-US Real Estate ETF
VNQI
$3.46B
$2.08M 0.51%
35,529
-32
-0.1% -$1.87K
1
2 3 4 5

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Independence Advisors's Q3 2019 Portfolio in Review

As of Q3 2019, Independence Advisors held 110 positions worth $411M, up 5.3% from $390M the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Independence Advisors deployed $18.6M of net new capital in Q3 2019, opening 8 new positions and adding to 27 existing holdings. Its largest new stake was Berkshire Hathaway Class B: 2,237 shares worth $465K.

By sector, the portfolio is most concentrated in Healthcare at 2% of assets, up from 1.6% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Apple, an estimated $526K trimmed.

  • Independence Advisors's largest Q3 2019 buy was Berkshire Hathaway Class B: 2,237 shares worth $465K.
  • Independence Advisors added most to iShares MSCI EAFE Value ETF in Q3 2019, an estimated $5.01M increase.
  • Independence Advisors's biggest Q3 2019 reduction was Apple, cutting an estimated $526K.
  • Independence Advisors fully exited Campbell Soup in Q3 2019, selling an estimated $844K.
  • Independence Advisors's ten largest holdings make up 73% of its $411M portfolio in Q3 2019.
  • Independence Advisors opened 8 new positions and closed 4 in Q3 2019.
  • Independence Advisors's portfolio value rose 5.3% quarter-over-quarter to $411M.

Based on Independence Advisors's 13F filing for Q3 2019, filed 1 Nov 2019.