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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
(-3%)
Cap. Flow
-$5.33M
Cap. Flow
% of AUM
-3.51%
Top 10 Holdings %
Top 10 Hldgs %
54.16%
Holding
121
New
11
Increased
30
Reduced
40
Closed
14
Avg Time Held
4.1
quarters
Top 10 Avg Time Held
4
quarters
Top 20 Avg Time Held
4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 |
Franklin Premier Income Trust
PPT
|
+$835K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MMP
Magellan Midstream Partners, L.P.
MMP
|
+$1.31M |
| 2 |
Enterprise Products Partners
EPD
|
+$1.17M |
| 3 |
Plains All American Pipeline
PAA
|
+$1.13M |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
26
Automatic Data Processing
ADP
$108B
| $1.3M | 0.86% |
17,811
-467
| -3% | -$33.7K |
2013 Q2
5 quarters
|
|
|
27
Franklin Premier Income Trust
PPT
$309M
| $1.1M | 0.73% |
200,550
+152,002
| +313% | +$835K |
2013 Q2
5 quarters
|
|
|
MCR
28
DELISTED
MFS Charter Income Trust
MCR
| $1.08M | 0.71% |
+121,718
| New | +$1.1M |
2014 Q3
0 quarters
|
|
29
TRI-Continental Corp
TY
$1.86B
| $1.07M | 0.71% |
51,361
+20,820
| +68% | +$439K |
2013 Q2
5 quarters
|
|
30
Abbott
ABT
$175B
| $1.05M | 0.69% |
25,248
-515
| -2% | -$21.8K |
2013 Q2
5 quarters
|
|
|
DRA
31
DELISTED
Diversified Real Asset Income Fd
DRA
| $1.04M | 0.69% |
+58,559
| New | +$1.04M |
2014 Q3
0 quarters
|
|
|
MMP
32
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $1.02M | 0.67% |
12,071
-15,776
| -57% | -$1.31M |
2013 Q2
5 quarters
|
|
33
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$551M
| $970K | 0.64% |
82,999
+24,153
| +41% | +$280K |
2013 Q2
5 quarters
|
|
34
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.7B
| $953K | 0.63% |
116,234
+53,855
| +86% | +$447K |
2013 Q2
5 quarters
|
|
|
MWE
35
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $822K | 0.54% |
10,697
-8,566
| -44% | -$640K |
2013 Q2
5 quarters
|
|
|
ACG
36
DELISTED
AllianceBernstein Income Fund Inc
ACG
| $793K | 0.52% |
105,756
+41,971
| +66% | +$315K |
2013 Q2
5 quarters
|
|
37
Virtus Total Return Fund
ZTR
$310M
| $763K | 0.5% |
55,117
+25,976
| +89% | +$368K |
2013 Q2
5 quarters
|
|
38
DELISTED
Du Pont De Nemours E I
DD
| $758K | 0.5% |
11,117
| – | – |
2013 Q2
5 quarters
|
|
39
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| $756K | 0.5% |
+44,079
| New | +$779K |
2014 Q3
0 quarters
|
|
40
Eaton Vance Short Duration Diversified Income Fund
EVG
$138M
| $723K | 0.48% |
49,294
+19,870
| +68% | +$298K |
2014 Q2
1 quarter
|
|
|
41
Plains All American Pipeline
PAA
$17.3B
| $711K | 0.47% |
12,074
-19,191
| -61% | -$1.13M |
2013 Q2
5 quarters
|
|
|
42
Energy Transfer Partners
ET
$69.8B
| $684K | 0.45% |
22,170
-37,600
| -63% | -$1.1M |
2013 Q2
5 quarters
|
|
43
JPMorgan Chase
JPM
$888B
| $666K | 0.44% |
11,050
| – | – |
2013 Q2
5 quarters
|
|
|
NTT
44
DELISTED
Nippon Telegraph & Telephone
NTT
| $624K | 0.41% |
20,070
| – | – |
2013 Q4
3 quarters
|
|
45
Altria Group
MO
$119B
| $623K | 0.41% |
13,575
+400
| +3% | +$17.1K |
2013 Q2
5 quarters
|
|
46
Royce Value Trust
RVT
$2.09B
| $611K | 0.4% |
42,160
+4,955
| +13% | +$76.9K |
2013 Q2
5 quarters
|
|
47
Merck
MRK
$358B
| $601K | 0.4% |
10,632
+231
| +2% | +$13K |
2013 Q2
5 quarters
|
|
48
iShares Core US Aggregate Bond ETF
AGG
$137B
| $600K | 0.4% |
5,500
| – | – |
2013 Q2
5 quarters
|
|
49
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $556K | 0.37% |
13,375
+20
| +0.1% | +$884 |
2013 Q2
5 quarters
|
|
50
Berkshire Hathaway Class B
BRK.B
$1.11T
| $534K | 0.35% |
3,865
+35
| +0.9% | +$4.66K |
2013 Q2
5 quarters
|
|
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CCM
MIM
YCM
GCM
HIM
MIS
CL
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.