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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
+7.8%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$76.8M
AUM Growth
-$20.7M
(-21%)
Cap. Flow
-$25.8M
Cap. Flow
% of AUM
-33.59%
Top 10 Holdings %
Top 10 Hldgs %
47.33%
Holding
106
New
6
Increased
14
Reduced
29
Closed
37
Avg Time Held
6.4
quarters
Top 10 Avg Time Held
6
quarters
Top 20 Avg Time Held
6.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$477K |
| 2 |
Caterpillar
CAT
|
+$377K |
| 3 |
Hershey
HSY
|
+$323K |
| 4 |
Morgan Stanley Emerging Markets Debt Fund
MSD
|
+$293K |
| 5 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$287K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kayne Anderson Energy Infrastructure Fund
KYN
|
+$11.2M |
| 2 |
Tortoise Energy Infrastructure Corp
TYG
|
+$1.61M |
| 3 |
GFY
Western Asset Variable Rate Strategic Fund, Inc
GFY
|
+$976K |
| 4 |
BlackRock Credit Allocation Income Trust
BTZ
|
+$971K |
| 5 |
ACG
AllianceBernstein Income Fund Inc
ACG
|
+$827K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.46% |
| 2 | Industrials | 15.65% |
| 3 | Technology | 13.02% |
| 4 | Communication Services | 11.57% |
| 5 | Consumer Staples | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
iShares Core US Aggregate Bond ETF
AGG
$137B
| $635K | 0.83% |
5,875
| – | – |
2013 Q2
10 quarters
|
|
27
Bank of America
BAC
$380B
| $593K | 0.77% |
35,231
+831
| +2% | +$14.1K |
2014 Q4
4 quarters
|
|
28
Meta Platforms (Facebook)
META
$1.83T
| $584K | 0.76% |
5,576
+669
| +14% | +$68.7K |
2015 Q1
3 quarters
|
|
29
Netflix
NFLX
$293B
| $584K | 0.76% |
51,100
| – | – |
2014 Q4
4 quarters
|
|
30
Walt Disney
DIS
$187B
| $583K | 0.76% |
5,549
+1,674
| +43% | +$187K |
2014 Q4
4 quarters
|
|
31
Honeywell
HON
$65.8B
| $566K | 0.74% |
6,082
| – | – |
2014 Q3
5 quarters
|
|
32
State Street SPDR S&P 500 ETF Trust
SPY
$822B
| $518K | 0.67% |
2,540
| – | – |
2013 Q2
10 quarters
|
|
33
McDonald's
MCD
$166B
| $506K | 0.66% |
4,287
| – | – |
2013 Q2
10 quarters
|
|
|
34
Alphabet (Google) Class A
GOOGL
$4.3T
| $502K | 0.65% |
+12,900
| New | +$477K |
2015 Q4
0 quarters
|
|
35
Verizon
VZ
$173B
| $482K | 0.63% |
10,424
-166
| -2% | -$7.54K |
2014 Q4
4 quarters
|
|
|
FSB
36
DELISTED
Franklin Financial Network, Inc.
FSB
| $481K | 0.63% |
15,320
| – | – |
2015 Q1
3 quarters
|
|
37
DELISTED
Du Pont De Nemours E I
DD
| $469K | 0.61% |
7,048
+2,589
| +58% | +$164K |
2013 Q2
10 quarters
|
|
38
iShares Core S&P US Value ETF
IUSV
$27.6B
| $441K | 0.57% |
10,389
| – | – |
2013 Q2
10 quarters
|
|
39
Ford
F
$48.5B
| $398K | 0.52% |
28,252
+4,359
| +18% | +$63.1K |
2014 Q4
4 quarters
|
|
40
Procter & Gamble
PG
$351B
| $390K | 0.51% |
4,908
+120
| +3% | +$9.17K |
2015 Q1
3 quarters
|
|
41
Starbucks
SBUX
$103B
| $368K | 0.48% |
6,127
| – | – |
2015 Q3
1 quarter
|
|
|
42
Caterpillar
CAT
$368B
| $367K | 0.48% |
+5,399
| New | +$377K |
2015 Q4
0 quarters
|
|
43
WisdomTree US MidCap Fund
EZM
$903M
| $352K | 0.46% |
12,135
+1,830
| +18% | +$54.9K |
2015 Q3
1 quarter
|
|
44
RTX Corp
RTX
$251B
| $351K | 0.46% |
5,800
| – | – |
2013 Q2
10 quarters
|
|
45
CVS Health
CVS
$110B
| $348K | 0.45% |
3,556
-38
| -1% | -$3.72K |
2014 Q2
6 quarters
|
|
46
Chevron
CVX
$416B
| $345K | 0.45% |
3,840
+70
| +2% | +$6.31K |
2014 Q4
4 quarters
|
|
47
Merck
MRK
$359B
| $341K | 0.44% |
6,761
-1,535
| -19% | -$77.4K |
2013 Q2
10 quarters
|
|
48
iShares MSCI Emerging Markets ETF
EEM
$31B
| $336K | 0.44% |
10,430
| – | – |
2013 Q2
10 quarters
|
|
49
JPMorgan Chase
JPM
$885B
| $335K | 0.44% |
5,080
+645
| +15% | +$42K |
2013 Q2
10 quarters
|
|
50
Mastercard
MA
$516B
| $331K | 0.43% |
3,395
| – | – |
2014 Q3
5 quarters
|
|
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Independence Trust's Q4 2015 Portfolio in Review
As of Q4 2015, Independence Trust held 106 positions worth $76.8M, down 21% from $97.5M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Independence Trust withdrew a net $25.8M in Q4 2015, closing 37 positions and reducing 29 holdings. Its most notable exit was Kayne Anderson Energy Infrastructure Fund, an estimated $11.2M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 13% a quarter earlier, followed by Industrials and Technology.
Against the trend, Independence Trust opened a new position in Alphabet (Google) Class A worth $502K.
- Independence Trust's largest Q4 2015 buy was Alphabet (Google) Class A: 12,900 shares worth $502K.
- Independence Trust added most to Walt Disney in Q4 2015, an estimated $187K increase.
- Independence Trust's biggest Q4 2015 reduction was Franklin Premier Income Trust, cutting an estimated $764K.
- Independence Trust fully exited Kayne Anderson Energy Infrastructure Fund in Q4 2015, selling an estimated $11.2M.
- Independence Trust's ten largest holdings make up 47% of its $76.8M portfolio in Q4 2015.
- Independence Trust opened 6 new positions and closed 37 in Q4 2015.
- Independence Trust's portfolio value fell 21% quarter-over-quarter to $76.8M.
Based on Independence Trust's 13F filing for Q4 2015, filed 29 Jan 2016.