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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
Cap. Flow
+$16.1M
Cap. Flow %
9.75%
Top 10 Hldgs %
48.76%
Holding
145
New
38
Increased
44
Reduced
10
Closed
11

Top Buys

Rank Stock Value
1
TY icon
TRI-Continental Corp
TY
+$840K
2
RVT icon
Royce Value Trust
RVT
+$728K
3
PPT
Franklin Premier Income Trust
PPT
+$707K
4
AMLP icon
Alerian MLP ETF
AMLP
+$698K
5
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$687K

Top Sells

Rank Stock Value
1
SRV
NXG Cushing Midstream Energy Fund
SRV
+$3.06M
2
WBA
Walgreens Boots Alliance
WBA
+$3M
3
LYB icon
LyondellBasell Industries
LYB
+$268K
4
WMB icon
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
ACG
26
DELISTED
AllianceBernstein Income Fund Inc
ACG
$1.42M 0.86%
190,650
+84,894
+80% +$640K
DRA
27
DELISTED
Diversified Real Asset Income Fd
DRA
$1.42M 0.86%
82,066
+23,507
+40% +$413K
MCR
28
DELISTED
MFS Charter Income Trust
MCR
$1.33M 0.8%
144,251
+22,533
+19% +$198K
ZTR
29
Virtus Total Return Fund
ZTR
$342M
$1.32M 0.8%
94,066
+38,949
+71% +$537K
EPD icon
30
Enterprise Products Partners
EPD
$84.3B
$1.31M 0.8%
36,378
-483
-1% -$17.9K
RVT icon
31
Royce Value Trust
RVT
$2.34B
$1.31M 0.79%
91,625
+49,465
+117% +$728K
ADP icon
32
Automatic Data Processing
ADP
$113B
$1.3M 0.79%
15,637
-2,174
-12% -$176K
ABT icon
33
Abbott
ABT
$193B
$1.14M 0.69%
25,248
– –
TSI
34
TCW Strategic Income Fund
TSI
$280M
$1.03M 0.62%
191,241
+101,420
+113% +$557K
SPE
35
Special Opportunities Fund
SPE
$144M
$1.02M 0.62%
69,321
+42,868
+162% +$674K
MMP
36
DELISTED
Magellan Midstream Partners, L.P.
MMP
$964K 0.58%
11,661
-410
-3% -$33.5K
DD
37
DELISTED
Du Pont De Nemours E I
DD
$946K 0.57%
13,472
+2,355
+21% +$157K
BSL
38
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
$888K 0.54%
53,071
+8,992
+20% +$153K
ETJ
39
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$570M
$885K 0.54%
82,999
– –
PFE icon
40
Pfizer
PFE
$160B
$850K 0.51%
28,757
+13,871
+93% +$398K
NVS icon
41
Novartis
NVS
$294B
$836K 0.51%
10,072
+3,768
+60% +$312K
MIN
42
Aberdeen Intermediate Income Fund
MIN
$279M
$766K 0.46%
160,512
+130,151
+429% +$648K
MWE
43
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
$719K 0.44%
10,697
– –
EVG
44
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
$697K 0.42%
49,294
– –
JPM icon
45
JPMorgan Chase
JPM
$942B
$691K 0.42%
11,050
– –
IGSB icon
46
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.4B
$687K 0.42%
+13,056
New +$687K
AMLP icon
47
Alerian MLP ETF
AMLP
$13.4B
$674K 0.41%
+7,696
New +$698K
MO icon
48
Altria Group
MO
$113B
$669K 0.4%
13,575
– –
GSK icon
49
GSK
GSK
$101B
$664K 0.4%
12,432
+4,176
+51% +$234K
BA icon
50
Boeing
BA
$166B
$657K 0.4%
5,056
+3,386
+203% +$429K
1
2
3 4 5

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AZA
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CCM
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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 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.