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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
-0.82%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$165M
AUM Growth
+$13.8M
(+9.1%)
Cap. Flow
+$16.1M
Cap. Flow
% of AUM
9.75%
Top 10 Holdings %
Top 10 Hldgs %
48.76%
Holding
145
New
38
Increased
44
Reduced
10
Closed
11
Avg Time Held
3.7
quarters
Top 10 Avg Time Held
3.9
quarters
Top 20 Avg Time Held
4.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TRI-Continental Corp
TY
|
+$840K |
| 2 |
Royce Value Trust
RVT
|
+$728K |
| 3 |
Franklin Premier Income Trust
PPT
|
+$707K |
| 4 |
Alerian MLP ETF
AMLP
|
+$698K |
| 5 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$687K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXG Cushing Midstream Energy Fund
SRV
|
+$3.06M |
| 2 |
Walgreens Boots Alliance
WBA
|
+$3M |
| 3 |
LyondellBasell Industries
LYB
|
+$268K |
| 4 |
Williams Companies
WMB
|
+$224K |
| 5 |
WPZ
Williams Partners L.P.
WPZ
|
+$223K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 50.96% |
| 2 | Industrials | 6.94% |
| 3 | Consumer Staples | 6.49% |
| 4 | Technology | 6.47% |
| 5 | Energy | 6.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ACG
26
DELISTED
AllianceBernstein Income Fund Inc
ACG
| $1.42M | 0.86% |
190,650
+84,894
| +80% | +$640K |
2013 Q2
6 quarters
|
|
|
DRA
27
DELISTED
Diversified Real Asset Income Fd
DRA
| $1.42M | 0.86% |
82,066
+23,507
| +40% | +$413K |
2014 Q3
1 quarter
|
|
|
MCR
28
DELISTED
MFS Charter Income Trust
MCR
| $1.33M | 0.8% |
144,251
+22,533
| +19% | +$198K |
2014 Q3
1 quarter
|
|
29
Virtus Total Return Fund
ZTR
$310M
| $1.32M | 0.8% |
94,066
+38,949
| +71% | +$537K |
2013 Q2
6 quarters
|
|
30
Enterprise Products Partners
EPD
$77.5B
| $1.31M | 0.8% |
36,378
-483
| -1% | -$17.9K |
2013 Q2
6 quarters
|
|
|
31
Royce Value Trust
RVT
$2.09B
| $1.31M | 0.79% |
91,625
+49,465
| +117% | +$728K |
2013 Q2
6 quarters
|
|
32
Automatic Data Processing
ADP
$108B
| $1.3M | 0.79% |
15,637
-2,174
| -12% | -$176K |
2013 Q2
6 quarters
|
|
33
Abbott
ABT
$176B
| $1.14M | 0.69% |
25,248
| – | – |
2013 Q2
6 quarters
|
|
34
TCW Strategic Income Fund
TSI
$271M
| $1.03M | 0.62% |
191,241
+101,420
| +113% | +$557K |
2014 Q1
3 quarters
|
|
35
Special Opportunities Fund
SPE
$139M
| $1.02M | 0.62% |
69,321
+42,868
| +162% | +$674K |
2013 Q2
6 quarters
|
|
|
MMP
36
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $964K | 0.58% |
11,661
-410
| -3% | -$33.5K |
2013 Q2
6 quarters
|
|
37
DELISTED
Du Pont De Nemours E I
DD
| $946K | 0.57% |
13,472
+2,355
| +21% | +$157K |
2013 Q2
6 quarters
|
|
38
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| $888K | 0.54% |
53,071
+8,992
| +20% | +$153K |
2014 Q3
1 quarter
|
|
39
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$553M
| $885K | 0.54% |
82,999
| – | – |
2013 Q2
6 quarters
|
|
40
Pfizer
PFE
$162B
| $850K | 0.51% |
28,757
+13,871
| +93% | +$398K |
2014 Q2
2 quarters
|
|
41
Novartis
NVS
$273B
| $836K | 0.51% |
10,072
+3,768
| +60% | +$312K |
2013 Q2
6 quarters
|
|
|
MIN
42
Aberdeen Intermediate Income Fund
MIN
$261M
| $766K | 0.46% |
26,752
+21,692
| +429% | +$648K |
2013 Q4
4 quarters
|
|
|
MWE
43
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $719K | 0.44% |
10,697
| – | – |
2013 Q2
6 quarters
|
|
44
Eaton Vance Short Duration Diversified Income Fund
EVG
$138M
| $697K | 0.42% |
49,294
| – | – |
2014 Q2
2 quarters
|
|
45
JPMorgan Chase
JPM
$888B
| $691K | 0.42% |
11,050
| – | – |
2013 Q2
6 quarters
|
|
|
46
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
| $687K | 0.42% |
+13,056
| New | +$687K |
2014 Q4
0 quarters
|
|
|
47
Alerian MLP ETF
AMLP
$12.7B
| $674K | 0.41% |
+7,696
| New | +$698K |
2014 Q4
0 quarters
|
|
48
Altria Group
MO
$119B
| $669K | 0.4% |
13,575
| – | – |
2013 Q2
6 quarters
|
|
49
GSK
GSK
$94.1B
| $664K | 0.4% |
12,432
+4,176
| +51% | +$234K |
2013 Q2
6 quarters
|
|
50
Boeing
BA
$150B
| $657K | 0.4% |
5,056
+3,386
| +203% | +$429K |
2013 Q2
6 quarters
|
|
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Independence Trust's Q4 2014 Portfolio in Review
As of Q4 2014, Independence Trust held 145 positions worth $165M, up 9.1% from $152M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Independence Trust deployed $16.1M of net new capital in Q4 2014, opening 38 new positions and adding to 44 existing holdings. Its largest new stake was Alerian MLP ETF: 7,696 shares worth $674K.
By sector, the portfolio is most concentrated in Miscellaneous at 51% of assets, down from 52% a quarter earlier, followed by Industrials and Consumer Staples.
On the sell side, the largest reduction was Automatic Data Processing, an estimated $176K trimmed.
- Independence Trust's largest Q4 2014 buy was Alerian MLP ETF: 7,696 shares worth $674K.
- Independence Trust added most to TRI-Continental Corp in Q4 2014, an estimated $840K increase.
- Independence Trust's biggest Q4 2014 reduction was Automatic Data Processing, cutting an estimated $176K.
- Independence Trust fully exited NXG Cushing Midstream Energy Fund in Q4 2014, selling an estimated $3.06M.
- Independence Trust's ten largest holdings make up 49% of its $165M portfolio in Q4 2014.
- Independence Trust opened 38 new positions and closed 11 in Q4 2014.
- Independence Trust's portfolio value rose 9.1% quarter-over-quarter to $165M.
Based on Independence Trust's 13F filing for Q4 2014, filed 12 Jan 2015.