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Independence Trust Portfolio holdings

AUM $90.5M
1-Year Est. Return 24.37%
This Fund
S&P 500
This Quarter Est. Return
-0.6%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$145M
AUM Growth
-$1.65M
Cap. Flow
+$371K
Cap. Flow %
0.26%
Top 10 Hldgs %
52.14%
Holding
119
New
6
Increased
42
Reduced
21
Closed
11

Top Buys

Rank Stock Value
1
TYY
TORTOISE ENERGY CAPITAL CORP
TYY
+$7.62M
2
RAI
Reynolds American Inc
RAI
+$415K
3
ERF
Enerplus Corporation
ERF
+$295K
4
DFS
Discover Financial Services
DFS
+$202K
5
MS icon
Morgan Stanley
MS
+$201K

Top Sells

Rank Stock Value
1
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$7.47M
2
KMP
KINDER MORGAN ENER PNTRS L.P.
KMP
+$681K
3
HAS icon
Hasbro
HAS
+$371K
4
VOD icon
Vodafone
VOD
+$358K
5
RTN
Raytheon Company
RTN
+$341K

Sector Composition

Rank Sector Weight
1 Miscellaneous 38.57%
2 Energy 15.28%
3 Financials 9.93%
4 Healthcare 7.79%
5 Consumer Staples 6.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETP
26
DELISTED
Energy Transfer Partners, L.P.
ETP
$1.31M 0.91%
28,900
+902
+3% +$36.1K
ADP icon
27
Automatic Data Processing
ADP
$113B
$1.24M 0.86%
18,278
– –
BPL
28
DELISTED
Buckeye Partners, L.P.
BPL
$1.24M 0.85%
16,516
+1,131
+7% +$82.1K
IBM icon
29
IBM
IBM
$225B
$1.21M 0.83%
6,564
+366
+6% +$64.4K
AAPL icon
30
Apple
AAPL
$4.59T
$1.13M 0.78%
58,800
-532
-0.9% -$10.1K
MWE
31
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
$1.09M 0.75%
16,725
+1,820
+12% +$123K
ABT icon
32
Abbott
ABT
$193B
$992K 0.68%
25,763
– –
OKE icon
33
Oneok
OKE
$59.7B
$832K 0.57%
14,041
+2,973
+27% +$174K
SEP
34
DELISTED
Spectra Engy Parters Lp
SEP
$744K 0.51%
15,208
+4,052
+36% +$187K
DD
35
DELISTED
Du Pont De Nemours E I
DD
$720K 0.5%
11,296
+2,417
+27% +$148K
WPZ
36
DELISTED
Williams Partners L.P.
WPZ
$710K 0.49%
13,094
-1,917
-13% -$101K
WES
37
DELISTED
Western Gas Partners Lp
WES
$710K 0.49%
10,727
+775
+8% +$48.2K
BTZ icon
38
BlackRock Credit Allocation Income Trust
BTZ
$948M
$702K 0.48%
51,926
– –
ETJ
39
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$570M
$665K 0.46%
58,846
– –
JPM icon
40
JPMorgan Chase
JPM
$942B
$646K 0.45%
10,640
+910
+9% +$52.6K
TY icon
41
TRI-Continental Corp
TY
$1.89B
$613K 0.42%
30,541
– –
AGG icon
42
iShares Core US Aggregate Bond ETF
AGG
$139B
$611K 0.42%
5,659
– –
DCP
43
DELISTED
DCP Midstream, LP
DCP
$607K 0.42%
12,112
+1,090
+10% +$53.9K
RVT icon
44
Royce Value Trust
RVT
$2.34B
$585K 0.4%
37,205
– –
EEM icon
45
iShares MSCI Emerging Markets ETF
EEM
$31.4B
$548K 0.38%
13,355
+1,510
+13% +$59.2K
ANDX
46
DELISTED
Andeavor Logistics LP
ANDX
$527K 0.36%
8,750
+500
+6% +$28.7K
MO icon
47
Altria Group
MO
$113B
$516K 0.36%
13,785
+2,370
+21% +$86.1K
NVS icon
48
Novartis
NVS
$294B
$513K 0.35%
6,729
+920
+16% +$67K
GSK icon
49
GSK
GSK
$101B
$502K 0.35%
7,516
+968
+15% +$65.4K
NTT
50
DELISTED
Nippon Telegraph & Telephone
NTT
$490K 0.34%
17,990
+4,845
+37% +$133K
1
2
3 4 5

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AZA
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CCM
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MIM
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YCM
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GCM
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HIM
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MIS
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CL
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Independence Trust's Q1 2014 Portfolio in Review

As of Q1 2014, Independence Trust held 119 positions worth $145M, down 1.1% from $147M the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Independence Trust's Q1 2014 filing shows 6 new, 42 increased, 21 reduced and 11 closed positions. Its largest new stake was TORTOISE ENERGY CAPITAL CORP: 235,979 shares worth $7.82M. The largest sale was Kayne Anderson Energy Infrastructure Fund, an estimated $7.47M.

By sector, the portfolio is most concentrated in Miscellaneous at 39% of assets, down from 46% a quarter earlier, followed by Energy and Financials.

  • Independence Trust's largest Q1 2014 buy was TORTOISE ENERGY CAPITAL CORP: 235,979 shares worth $7.82M.
  • Independence Trust added most to Spectra Engy Parters Lp in Q1 2014, an estimated $187K increase.
  • Independence Trust's biggest Q1 2014 reduction was Kayne Anderson Energy Infrastructure Fund, cutting an estimated $7.47M.
  • Independence Trust fully exited KINDER MORGAN ENER PNTRS L.P. in Q1 2014, selling an estimated $681K.
  • Independence Trust's ten largest holdings make up 52% of its $145M portfolio in Q1 2014.
  • Independence Trust opened 6 new positions and closed 11 in Q1 2014.
  • Independence Trust's portfolio value fell 1.1% quarter-over-quarter to $145M.

Based on Independence Trust's 13F filing for Q1 2014, filed 9 Apr 2014.