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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
+0.81%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$152M
AUM Growth
-$4.69M
Cap. Flow
-$5.33M
Cap. Flow %
-3.51%
Top 10 Hldgs %
54.16%
Holding
121
New
11
Increased
30
Reduced
40
Closed
14

Top Buys

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$1.45M
2
GFY
Western Asset Variable Rate Strategic Fund, Inc
GFY
+$1.43M
3
MCR
MFS Charter Income Trust
MCR
+$1.1M
4
DRA
Diversified Real Asset Income Fd
DRA
+$1.04M
5
PPT
Franklin Premier Income Trust
PPT
+$835K

Top Sells

Rank Stock Value
1
MMP
Magellan Midstream Partners, L.P.
MMP
+$1.31M
2
EPD icon
Enterprise Products Partners
EPD
+$1.17M
3
PAA icon
Plains All American Pipeline
PAA
+$1.13M
4
ET icon
Energy Transfer Partners
ET
+$1.1M
5
BPL
Buckeye Partners, L.P.
BPL
+$855K

Sector Composition

Rank Sector Weight
1 Miscellaneous 51.6%
2 Healthcare 8.1%
3 Energy 7.49%
4 Consumer Staples 6.64%
5 Technology 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADP icon
26
Automatic Data Processing
ADP
$113B
$1.3M 0.86%
17,811
-467
-3% -$33.7K
PPT
27
Franklin Premier Income Trust
PPT
$330M
$1.1M 0.73%
200,550
+152,002
+313% +$835K
MCR
28
DELISTED
MFS Charter Income Trust
MCR
$1.08M 0.71%
+121,718
New +$1.1M
TY icon
29
TRI-Continental Corp
TY
$1.89B
$1.07M 0.71%
51,361
+20,820
+68% +$439K
ABT icon
30
Abbott
ABT
$193B
$1.05M 0.69%
25,248
-515
-2% -$21.8K
DRA
31
DELISTED
Diversified Real Asset Income Fd
DRA
$1.04M 0.69%
+58,559
New +$1.04M
MMP
32
DELISTED
Magellan Midstream Partners, L.P.
MMP
$1.02M 0.67%
12,071
-15,776
-57% -$1.31M
ETJ
33
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$570M
$970K 0.64%
82,999
+24,153
+41% +$280K
BDJ icon
34
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.73B
$953K 0.63%
116,234
+53,855
+86% +$447K
MWE
35
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
$822K 0.54%
10,697
-8,566
-44% -$640K
ACG
36
DELISTED
AllianceBernstein Income Fund Inc
ACG
$793K 0.52%
105,756
+41,971
+66% +$315K
ZTR
37
Virtus Total Return Fund
ZTR
$342M
$763K 0.5%
55,117
+25,976
+89% +$368K
DD
38
DELISTED
Du Pont De Nemours E I
DD
$758K 0.5%
11,117
– –
BSL
39
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
$756K 0.5%
+44,079
New +$779K
EVG
40
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$723K 0.48%
49,294
+19,870
+68% +$298K
PAA icon
41
Plains All American Pipeline
PAA
$18B
$711K 0.47%
12,074
-19,191
-61% -$1.13M
ET icon
42
Energy Transfer Partners
ET
$73.6B
$684K 0.45%
22,170
-37,600
-63% -$1.1M
JPM icon
43
JPMorgan Chase
JPM
$942B
$666K 0.44%
11,050
– –
NTT
44
DELISTED
Nippon Telegraph & Telephone
NTT
$624K 0.41%
20,070
– –
MO icon
45
Altria Group
MO
$113B
$623K 0.41%
13,575
+400
+3% +$17.1K
RVT icon
46
Royce Value Trust
RVT
$2.34B
$611K 0.4%
42,160
+4,955
+13% +$76.9K
MRK icon
47
Merck
MRK
$369B
$601K 0.4%
10,632
+231
+2% +$13K
AGG icon
48
iShares Core US Aggregate Bond ETF
AGG
$139B
$600K 0.4%
5,500
– –
EEM icon
49
iShares MSCI Emerging Markets ETF
EEM
$31.4B
$556K 0.37%
13,375
+20
+0.1% +$884
BRK.B icon
50
Berkshire Hathaway Class B
BRK.B
$1.08T
$534K 0.35%
3,865
+35
+0.9% +$4.66K
1
2
3 4 5

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AZA
Arthur Zaske & Associates Bingham Farms, Michigan $91.5M AUM 9.44% 1-Year Est. Return
CCM
Conatus Capital Management Greenwich, Connecticut $92.3M AUM 45.31% 1-Year Est. Return
MIM
MPI Investment Management Hinsdale, Illinois $83.5M AUM
YCM
Yorkville Capital Management New York $82.8M AUM 0.41% 1-Year Est. Return
GCM
Goldman Capital Management New York $103M AUM 21.37% 1-Year Est. Return
HIM
Hutchens Investment Management Concord, New Hampshire $106M AUM 27.22% 1-Year Est. Return
MIS
Man Investments (Switzerland) Pfaffikon, Switzerland $107M AUM 0.04% 1-Year Est. Return
CL
Croft-Leominster Baltimore, Maryland $107M AUM 27.94% 1-Year Est. Return

Independence Trust's Q3 2014 Portfolio in Review

As of Q3 2014, Independence Trust held 121 positions worth $152M, down 3% from $156M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Independence Trust withdrew a net $5.33M in Q3 2014, closing 14 positions and reducing 40 holdings. Its most notable exit was REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS, an estimated $529K position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 44% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Independence Trust opened a new position in MFS Charter Income Trust worth $1.08M.

  • Independence Trust's largest Q3 2014 buy was MFS Charter Income Trust: 121,718 shares worth $1.08M.
  • Independence Trust added most to BlackRock Credit Allocation Income Trust in Q3 2014, an estimated $1.45M increase.
  • Independence Trust's biggest Q3 2014 reduction was Magellan Midstream Partners, L.P., cutting an estimated $1.31M.
  • Independence Trust fully exited REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS in Q3 2014, selling an estimated $529K.
  • Independence Trust's ten largest holdings make up 54% of its $152M portfolio in Q3 2014.
  • Independence Trust opened 11 new positions and closed 14 in Q3 2014.
  • Independence Trust's portfolio value fell 3% quarter-over-quarter to $152M.

Based on Independence Trust's 13F filing for Q3 2014, filed 14 Oct 2014.