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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
-7.42%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$97.5M
AUM Growth
-$51M
(-34%)
Cap. Flow
-$39.3M
Cap. Flow
% of AUM
-40.35%
Top 10 Holdings %
Top 10 Hldgs %
43.52%
Holding
131
New
12
Increased
23
Reduced
51
Closed
32
Avg Time Held
5.6
quarters
Top 10 Avg Time Held
6
quarters
Top 20 Avg Time Held
6.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.24M |
| 2 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$827K |
| 3 |
Wells Fargo
WFC
|
+$485K |
| 4 |
Lockheed Martin
LMT
|
+$468K |
| 5 |
Novo Nordisk
NVO
|
+$422K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kayne Anderson Energy Infrastructure Fund
KYN
|
+$18.5M |
| 2 |
Tortoise Energy Infrastructure Corp
TYG
|
+$6.2M |
| 3 |
BlackRock Credit Allocation Income Trust
BTZ
|
+$920K |
| 4 |
TRI-Continental Corp
TY
|
+$803K |
| 5 |
Franklin Premier Income Trust
PPT
|
+$706K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 29.82% |
| 2 | Healthcare | 12.97% |
| 3 | Industrials | 11% |
| 4 | Technology | 9.58% |
| 5 | Communication Services | 8.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
BlackRock Credit Allocation Income Trust
BTZ
$882M
| $971K | 1% |
79,786
-74,274
| -48% | -$920K |
2013 Q2
9 quarters
|
|
|
27
Lockheed Martin
LMT
$119B
| $913K | 0.94% |
4,404
+2,300
| +109% | +$468K |
2014 Q4
3 quarters
|
|
28
Berkshire Hathaway Class B
BRK.B
$1.11T
| $857K | 0.88% |
6,573
+2,458
| +60% | +$337K |
2013 Q2
9 quarters
|
|
|
ACG
29
DELISTED
AllianceBernstein Income Fund Inc
ACG
| $827K | 0.85% |
105,228
-81,750
| -44% | -$633K |
2013 Q2
9 quarters
|
|
|
30
Franklin Premier Income Trust
PPT
$310M
| $803K | 0.82% |
164,129
-141,044
| -46% | -$706K |
2013 Q2
9 quarters
|
|
|
DRA
31
DELISTED
Diversified Real Asset Income Fd
DRA
| $781K | 0.8% |
48,582
-33,712
| -41% | -$572K |
2014 Q3
4 quarters
|
|
32
TCW Strategic Income Fund
TSI
$271M
| $748K | 0.77% |
143,787
-68,789
| -32% | -$358K |
2014 Q1
6 quarters
|
|
33
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.69B
| $730K | 0.75% |
101,323
-52,564
| -34% | -$403K |
2013 Q2
9 quarters
|
|
|
34
Novo Nordisk
NVO
$170B
| $655K | 0.67% |
24,166
+14,896
| +161% | +$422K |
2015 Q1
2 quarters
|
|
35
iShares Core US Aggregate Bond ETF
AGG
$137B
| $644K | 0.66% |
5,875
+190
| +3% | +$20.7K |
2013 Q2
9 quarters
|
|
|
MCR
36
DELISTED
MFS Charter Income Trust
MCR
| $637K | 0.65% |
82,205
-61,672
| -43% | -$510K |
2014 Q3
4 quarters
|
|
|
37
TRI-Continental Corp
TY
$1.85B
| $575K | 0.59% |
29,493
-39,008
| -57% | -$803K |
2013 Q2
9 quarters
|
|
38
Bank of America
BAC
$381B
| $536K | 0.55% |
34,400
+313
| +0.9% | +$5.27K |
2014 Q4
3 quarters
|
|
39
Virtus Total Return Fund
ZTR
$310M
| $534K | 0.55% |
46,726
-40,844
| -47% | -$501K |
2013 Q2
9 quarters
|
|
40
Special Opportunities Fund
SPE
$139M
| $533K | 0.55% |
39,635
-39,817
| -50% | -$561K |
2013 Q2
9 quarters
|
|
41
Netflix
NFLX
$295B
| $528K | 0.54% |
51,100
| – | – |
2014 Q4
3 quarters
|
|
42
Honeywell
HON
$66.6B
| $517K | 0.53% |
6,082
+3,676
| +153% | +$335K |
2014 Q3
4 quarters
|
|
43
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $487K | 0.5% |
2,540
+17
| +0.7% | +$3.45K |
2013 Q2
9 quarters
|
|
44
Verizon
VZ
$177B
| $461K | 0.47% |
10,590
| – | – |
2014 Q4
3 quarters
|
|
|
MIN
45
Aberdeen Intermediate Income Fund
MIN
$261M
| $459K | 0.47% |
16,849
-9,108
| -35% | -$250K |
2013 Q4
7 quarters
|
|
46
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$553M
| $453K | 0.46% |
47,155
-46,941
| -50% | -$491K |
2013 Q2
9 quarters
|
|
47
Meta Platforms (Facebook)
META
$1.91T
| $441K | 0.45% |
4,907
+2,355
| +92% | +$216K |
2015 Q1
2 quarters
|
|
48
McDonald's
MCD
$167B
| $422K | 0.43% |
4,287
| – | – |
2013 Q2
9 quarters
|
|
49
iShares Core S&P US Value ETF
IUSV
$27.7B
| $421K | 0.43% |
10,389
| – | – |
2013 Q2
9 quarters
|
|
50
Alphabet (Google) Class C
GOOG
$4.26T
| $404K | 0.41% |
+12,660
| New | +$389K |
2015 Q3
0 quarters
|
|
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Independence Trust's Q3 2015 Portfolio in Review
As of Q3 2015, Independence Trust held 131 positions worth $97.5M, down 34% from $148M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Independence Trust withdrew a net $39.3M in Q3 2015, closing 32 positions and reducing 51 holdings. Its most notable exit was Eli Lilly, an estimated $536K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 30% of assets, down from 47% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Independence Trust opened a new position in Alphabet (Google) Class C worth $404K.
- Independence Trust's largest Q3 2015 buy was Alphabet (Google) Class C: 12,660 shares worth $404K.
- Independence Trust added most to Apple in Q3 2015, an estimated $1.24M increase.
- Independence Trust's biggest Q3 2015 reduction was Kayne Anderson Energy Infrastructure Fund, cutting an estimated $18.5M.
- Independence Trust fully exited Eli Lilly in Q3 2015, selling an estimated $536K.
- Independence Trust's ten largest holdings make up 44% of its $97.5M portfolio in Q3 2015.
- Independence Trust opened 12 new positions and closed 32 in Q3 2015.
- Independence Trust's portfolio value fell 34% quarter-over-quarter to $97.5M.
Based on Independence Trust's 13F filing for Q3 2015, filed 16 Oct 2015.