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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
Cap. Flow
-$25.8M
Cap. Flow %
-33.59%
Top 10 Hldgs %
47.33%
Holding
106
New
6
Increased
14
Reduced
29
Closed
37

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$477K
2
CAT icon
Caterpillar
CAT
+$377K
3
HSY icon
Hershey
HSY
+$323K
4
MSD
Morgan Stanley Emerging Markets Debt Fund
MSD
+$293K
5
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$287K

Top Sells

Rank Stock Value
1
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$11.2M
2
TYG
Tortoise Energy Infrastructure Corp
TYG
+$1.61M
3
GFY
Western Asset Variable Rate Strategic Fund, Inc
GFY
+$976K
4
BTZ icon
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
AGG icon
26
iShares Core US Aggregate Bond ETF
AGG
$139B
$635K 0.83%
5,875
– –
BAC icon
27
Bank of America
BAC
$428B
$593K 0.77%
35,231
+831
+2% +$14.1K
META icon
28
Meta Platforms (Facebook)
META
$1.45T
$584K 0.76%
5,576
+669
+14% +$68.7K
NFLX icon
29
Netflix
NFLX
$332B
$584K 0.76%
51,100
– –
DIS icon
30
Walt Disney
DIS
$184B
$583K 0.76%
5,549
+1,674
+43% +$187K
HON icon
31
Honeywell
HON
$69.9B
$566K 0.74%
6,082
– –
SPY icon
32
State Street SPDR S&P 500 ETF Trust
SPY
$827B
$518K 0.67%
2,540
– –
MCD icon
33
McDonald's
MCD
$184B
$506K 0.66%
4,287
– –
GOOGL icon
34
Alphabet (Google) Class A
GOOGL
$4.17T
$502K 0.65%
+12,900
New +$477K
VZ icon
35
Verizon
VZ
$205B
$482K 0.63%
10,424
-166
-2% -$7.54K
FSB
36
DELISTED
Franklin Financial Network, Inc.
FSB
$481K 0.63%
15,320
– –
DD
37
DELISTED
Du Pont De Nemours E I
DD
$469K 0.61%
7,048
+2,589
+58% +$164K
IUSV icon
38
iShares Core S&P US Value ETF
IUSV
$27.9B
$441K 0.57%
10,389
– –
F icon
39
Ford
F
$55.6B
$398K 0.52%
28,252
+4,359
+18% +$63.1K
PG icon
40
Procter & Gamble
PG
$333B
$390K 0.51%
4,908
+120
+3% +$9.17K
SBUX icon
41
Starbucks
SBUX
$122B
$368K 0.48%
6,127
– –
CAT icon
42
Caterpillar
CAT
$376B
$367K 0.48%
+5,399
New +$377K
EZM icon
43
WisdomTree US MidCap Fund
EZM
$956M
$352K 0.46%
12,135
+1,830
+18% +$54.9K
RTX icon
44
RTX Corp
RTX
$286B
$351K 0.46%
5,800
– –
CVS icon
45
CVS Health
CVS
$119B
$348K 0.45%
3,556
-38
-1% -$3.72K
CVX icon
46
Chevron
CVX
$392B
$345K 0.45%
3,840
+70
+2% +$6.31K
MRK icon
47
Merck
MRK
$369B
$341K 0.44%
6,761
-1,535
-19% -$77.4K
EEM icon
48
iShares MSCI Emerging Markets ETF
EEM
$31.4B
$336K 0.44%
10,430
– –
JPM icon
49
JPMorgan Chase
JPM
$942B
$335K 0.44%
5,080
+645
+15% +$42K
MA icon
50
Mastercard
MA
$518B
$331K 0.43%
3,395
– –
1
2
3 4 5

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AZA
Arthur Zaske & Associates Bingham Farms, Michigan $91.5M AUM 9.44% 1-Year Est. Return
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 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.