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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
-17.54%
1 Year Est. Return
+11.32%
3 Year Est. Return
+24.45%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$362M
AUM Growth
-$51.7M
(-12%)
Cap. Flow
+$29.9M
Cap. Flow
% of AUM
8.24%
Top 10 Holdings %
Top 10 Hldgs %
73.87%
Holding
168
New
7
Increased
49
Reduced
45
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Value ETF
VTV
|
+$14.1M |
| 2 |
Vanguard Growth ETF
VUG
|
+$4.94M |
| 3 |
iShares S&P 500 Value ETF
IVE
|
+$4.82M |
| 4 |
iShares Russell 1000 Growth ETF
IWF
|
+$4.5M |
| 5 |
iShares S&P Small-Cap 600 Value ETF
IJS
|
+$4.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
|
+$3.25M |
| 2 |
iShares Short-Term National Muni Bond ETF
SUB
|
+$2.58M |
| 3 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$986K |
| 4 |
iShares MSCI EAFE Value ETF
EFV
|
+$959K |
| 5 |
Vanguard Global ex-US Real Estate ETF
VNQI
|
+$665K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.8% |
| 2 | Healthcare | 1.51% |
| 3 | Consumer Discretionary | 1.36% |
| 4 | Financials | 0.97% |
| 5 | Materials | 0.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Value ETF
VTV
$189B
| $43.7M | 12.06% |
490,672
+128,520
| +35% | +$14.1M |
|
|
2
Vanguard Growth ETF
VUG
$216B
| $40.6M | 11.21% |
1,555,692
+164,934
| +12% | +$4.94M |
|
|
3
iShares Russell 1000 Growth ETF
IWF
$122B
| $40.6M | 11.2% |
1,077,712
+104,460
| +11% | +$4.5M |
|
4
iShares MSCI EAFE ETF
EFA
$76.4B
| $40.2M | 11.08% |
751,349
+67,246
| +10% | +$4.27M |
|
5
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
| $27.8M | 7.68% |
311,633
-5,364
| -2% | -$476K |
|
6
iShares S&P 500 Growth ETF
IVW
$72.5B
| $25.3M | 6.98% |
613,332
+30,160
| +5% | +$1.43M |
|
|
7
iShares S&P 500 Value ETF
IVE
$48.9B
| $13.3M | 3.68% |
138,495
+40,535
| +41% | +$4.82M |
|
8
iShares Russell 1000 Value ETF
IWD
$82B
| $13.2M | 3.65% |
133,436
+13,896
| +12% | +$1.73M |
|
|
9
iShares MSCI EAFE Value ETF
EFV
$27.6B
| $11.6M | 3.21% |
326,163
-21,569
| -6% | -$959K |
|
|
10
iShares Short-Term National Muni Bond ETF
SUB
$11.3B
| $11.3M | 3.12% |
106,390
-24,286
| -19% | -$2.58M |
|
11
iShares National Muni Bond ETF
MUB
$45.1B
| $7.93M | 2.19% |
70,208
-5,540
| -7% | -$632K |
|
12
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.1B
| $6.52M | 1.8% |
123,238
-11,759
| -9% | -$630K |
|
|
13
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $5.29M | 1.46% |
158,550
-24,572
| -13% | -$986K |
|
14
Vanguard Small-Cap Value ETF
VBR
$37.1B
| $4.82M | 1.33% |
54,230
+3,399
| +7% | +$412K |
|
|
15
iShares S&P Small-Cap 600 Value ETF
IJS
$8.11B
| $4.2M | 1.16% |
83,964
+63,104
| +303% | +$4.37M |
|
16
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $4.19M | 1.16% |
124,802
-11,845
| -9% | -$483K |
|
|
17
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.2B
| $3.98M | 1.1% |
50,906
-32,721
| -39% | -$3.25M |
|
18
iShares MSCI EAFE Small-Cap ETF
SCZ
$13.5B
| $3.94M | 1.09% |
87,802
+16,335
| +23% | +$908K |
|
19
Apple
AAPL
$4.89T
| $3.56M | 0.98% |
56,012
-460
| -0.8% | -$33.8K |
|
20
Vanguard Small-Cap Growth ETF
VBK
$23.2B
| $3.54M | 0.98% |
23,551
+2,494
| +12% | +$463K |
|
21
McDonald's
MCD
$188B
| $3.5M | 0.97% |
21,167
-156
| -0.7% | -$30.7K |
|
22
PPG Industries
PPG
$25.9B
| $2.52M | 0.7% |
30,191
| – | – |
|
23
iShares Russell 2000 Value ETF
IWN
$14.4B
| $2.46M | 0.68% |
29,971
+3,234
| +12% | +$363K |
|
24
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $2.19M | 0.61% |
44,850
| – | – |
|
25
iShares MSCI Emerging Markets ETF
EEM
$28B
| $2.19M | 0.6% |
64,071
+11,410
| +22% | +$468K |
|
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Independence Advisors's Q1 2020 Portfolio in Review
As of Q1 2020, Independence Advisors held 168 positions worth $362M, down 12% from $414M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Independence Advisors deployed $29.9M of net new capital in Q1 2020, opening 7 new positions and adding to 49 existing holdings. Its largest new stake was GE Aerospace: 2,089 shares worth $83K.
By sector, the portfolio is most concentrated in Technology at 1.8% of assets, down from 1.9% a quarter earlier, followed by Healthcare and Consumer Discretionary.
On the sell side, the largest reduction was Vanguard FTSE All-World ex-US Small-Cap Index Fund, an estimated $3.25M trimmed.
- Independence Advisors's largest Q1 2020 buy was GE Aerospace: 2,089 shares worth $83K.
- Independence Advisors added most to Vanguard Value ETF in Q1 2020, an estimated $14.1M increase.
- Independence Advisors's biggest Q1 2020 reduction was Vanguard FTSE All-World ex-US Small-Cap Index Fund, cutting an estimated $3.25M.
- Independence Advisors fully exited Booking.com in Q1 2020, selling an estimated $310K.
- Independence Advisors's ten largest holdings make up 74% of its $362M portfolio in Q1 2020.
- Independence Advisors opened 7 new positions and closed 15 in Q1 2020.
- Independence Advisors's portfolio value fell 12% quarter-over-quarter to $362M.
Based on Independence Advisors's 13F filing for Q1 2020, filed 8 May 2020.