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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
+6.77%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$414M
AUM Growth
+$3.43M
(+0.83%)
Cap. Flow
-$22.8M
Cap. Flow
% of AUM
-5.51%
Top 10 Holdings %
Top 10 Hldgs %
70.56%
Holding
168
New
62
Increased
15
Reduced
56
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Growth ETF
IVW
|
+$11.5M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$8.53M |
| 3 |
iShares MSCI EAFE Small-Cap ETF
SCZ
|
+$3.36M |
| 4 |
iShares Russell 2000 Value ETF
IWN
|
+$1.91M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$1.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Value ETF
VTV
|
+$13.6M |
| 2 |
Vanguard Morningstar Growth ETF
VUG
|
+$12.2M |
| 3 |
iShares Russell 1000 Growth ETF
IWF
|
+$11.6M |
| 4 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$5.55M |
| 5 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$2.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.88% |
| 2 | Technology | 1.9% |
| 3 | Healthcare | 1.64% |
| 4 | Consumer Discretionary | 1.47% |
| 5 | Financials | 1.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
iShares MSCI EAFE ETF
EFA
$78.9B
| $47.5M | 11.47% |
684,103
+8,236
| +1% | +$556K |
|
|
2
Vanguard Morningstar Value ETF
VTV
$192B
| $43.4M | 10.48% |
362,152
-118,086
| -25% | -$13.6M |
|
|
3
iShares Russell 1000 Growth ETF
IWF
$125B
| $42.8M | 10.34% |
973,252
-276,832
| -22% | -$11.6M |
|
|
4
Vanguard Morningstar Growth ETF
VUG
$226B
| $42.2M | 10.2% |
1,390,758
-422,064
| -23% | -$12.2M |
|
|
5
iShares S&P 500 Growth ETF
IVW
$76.5B
| $28.2M | 6.82% |
583,172
+247,100
| +74% | +$11.5M |
|
6
Vanguard Intermediate-Term Bond ETF
BIV
$28.5B
| $27.6M | 6.68% |
316,997
+2,937
| +0.9% | +$257K |
|
7
iShares MSCI EAFE Value ETF
EFV
$32B
| $17.4M | 4.19% |
347,732
+8,643
| +3% | +$424K |
|
8
iShares Russell 1000 Value ETF
IWD
$83.4B
| $16.3M | 3.94% |
119,540
-715
| -0.6% | -$94.2K |
|
9
iShares Short-Term National Muni Bond ETF
SUB
$11.6B
| $14M | 3.37% |
130,676
-1,265
| -1% | -$135K |
|
|
10
iShares S&P 500 Value ETF
IVE
$49.8B
| $12.7M | 3.08% |
97,960
+68,554
| +233% | +$8.53M |
|
|
11
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
| $9.29M | 2.24% |
83,627
-25,335
| -23% | -$2.7M |
|
12
iShares National Muni Bond ETF
MUB
$44.8B
| $8.63M | 2.08% |
75,748
-233
| -0.3% | -$26.5K |
|
13
Vanguard FTSE Developed Markets ETF
VEA
$237B
| $8.07M | 1.95% |
183,122
-22,663
| -11% | -$966K |
|
14
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.4B
| $7.23M | 1.75% |
134,997
-2,031
| -1% | -$109K |
|
|
15
Vanguard Morningstar Small-Cap Value ETF
VBR
$36.8B
| $6.97M | 1.68% |
50,831
-41,889
| -45% | -$5.55M |
|
16
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| $6.08M | 1.47% |
136,647
-14,830
| -10% | -$628K |
|
|
17
iShares MSCI EAFE Small-Cap ETF
SCZ
$13B
| $4.45M | 1.07% |
71,467
+56,000
| +362% | +$3.36M |
|
18
McDonald's
MCD
$179B
| $4.21M | 1.02% |
21,323
+54
| +0.3% | +$10.7K |
|
19
Vanguard Morningstar Small-Cap Growth ETF
VBK
$23.1B
| $4.18M | 1.01% |
21,057
-666
| -3% | -$126K |
|
20
Apple
AAPL
$4.85T
| $4.15M | 1% |
56,472
-84
| -0.1% | -$5.4K |
|
21
PPG Industries
PPG
$23.5B
| $4.03M | 0.97% |
30,191
| – | – |
|
|
22
iShares Russell 2000 Value ETF
IWN
$14.3B
| $3.44M | 0.83% |
26,737
+15,450
| +137% | +$1.91M |
|
|
23
iShares Russell 2000 ETF
IWM
$78.5B
| $2.88M | 0.69% |
17,352
+6,744
| +64% | +$1.07M |
|
|
BMTC
24
DELISTED
Bryn Mawr Bank Corp
BMTC
| $2.44M | 0.59% |
59,168
| – | – |
|
25
iShares MSCI Emerging Markets ETF
EEM
$31.5B
| $2.36M | 0.57% |
52,661
+20,949
| +66% | +$899K |
|
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Independence Advisors's Q4 2019 Portfolio in Review
As of Q4 2019, Independence Advisors held 168 positions worth $414M, up 0.83% from $411M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Independence Advisors withdrew a net $22.8M in Q4 2019, closing 7 positions and reducing 56 holdings. Its most notable exit was Berkshire Hathaway Class B, an estimated $465K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, up from 90% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Independence Advisors opened a new position in Vanguard Total World Stock ETF worth $303K.
- Independence Advisors's largest Q4 2019 buy was Vanguard Total World Stock ETF: 3,736 shares worth $303K.
- Independence Advisors added most to iShares S&P 500 Growth ETF in Q4 2019, an estimated $11.5M increase.
- Independence Advisors's biggest Q4 2019 reduction was Vanguard Morningstar Value ETF, cutting an estimated $13.6M.
- Independence Advisors fully exited Berkshire Hathaway Class B in Q4 2019, selling an estimated $465K.
- Independence Advisors's ten largest holdings make up 71% of its $414M portfolio in Q4 2019.
- Independence Advisors opened 62 new positions and closed 7 in Q4 2019.
- Independence Advisors's portfolio value rose 0.83% quarter-over-quarter to $414M.
Based on Independence Advisors's 13F filing for Q4 2019, filed 7 Feb 2020.