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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
+0.81%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$152M
AUM Growth
-$4.69M
Cap. Flow
-$5.33M
Cap. Flow %
-3.51%
Top 10 Hldgs %
54.16%
Holding
121
New
11
Increased
30
Reduced
40
Closed
14

Top Buys

Rank Stock Value
1
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$1.45M
2
GFY
Western Asset Variable Rate Strategic Fund, Inc
GFY
+$1.43M
3
MCR
MFS Charter Income Trust
MCR
+$1.1M
4
DRA
Diversified Real Asset Income Fd
DRA
+$1.04M
5
PPT
Franklin Premier Income Trust
PPT
+$835K

Top Sells

Rank Stock Value
1
MMP
Magellan Midstream Partners, L.P.
MMP
+$1.31M
2
EPD icon
Enterprise Products Partners
EPD
+$1.17M
3
PAA icon
Plains All American Pipeline
PAA
+$1.13M
4
ET icon
Energy Transfer Partners
ET
+$1.1M
5
BPL
Buckeye Partners, L.P.
BPL
+$855K

Sector Composition

Rank Sector Weight
1 Miscellaneous 51.6%
2 Healthcare 8.1%
3 Energy 7.49%
4 Consumer Staples 6.64%
5 Technology 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVS icon
51
Novartis
NVS
$294B
$532K 0.35%
6,304
+21
+0.3% +$1.7K
RAI
52
DELISTED
Reynolds American Inc
RAI
$515K 0.34%
17,470
– –
TSI
53
TCW Strategic Income Fund
TSI
$280M
$506K 0.33%
89,821
+62,579
+230% +$349K
SPY icon
54
State Street SPDR S&P 500 ETF Trust
SPY
$827B
$488K 0.32%
2,475
– –
BPL
55
DELISTED
Buckeye Partners, L.P.
BPL
$488K 0.32%
6,124
-10,740
-64% -$855K
KMB icon
56
Kimberly-Clark
KMB
$36.6B
$477K 0.31%
4,627
+17
+0.4% +$1.77K
GSK icon
57
GSK
GSK
$101B
$474K 0.31%
8,256
+740
+10% +$45.4K
ETP
58
DELISTED
Energy Transfer Partners, L.P.
ETP
$474K 0.31%
9,818
-17,025
-63% -$806K
IUSV icon
59
iShares Core S&P US Value ETF
IUSV
$27.9B
$452K 0.3%
10,389
– –
COP icon
60
ConocoPhillips
COP
$156B
$433K 0.29%
5,663
+388
+7% +$31.7K
SPE
61
Special Opportunities Fund
SPE
$144M
$421K 0.28%
26,453
– –
PFE icon
62
Pfizer
PFE
$160B
$417K 0.28%
14,886
+5,642
+61% +$158K
HSBC icon
63
HSBC
HSBC
$352B
$405K 0.27%
9,244
– –
SNY icon
64
Sanofi
SNY
$107B
$398K 0.26%
7,060
– –
UN
65
DELISTED
Unilever NV New York Registry Shares
UN
$398K 0.26%
10,020
– –
CSCO icon
66
Cisco
CSCO
$442B
$397K 0.26%
15,776
+1,876
+13% +$47.2K
ERF
67
DELISTED
Enerplus Corporation
ERF
$397K 0.26%
20,960
-155
-0.7% -$3.4K
TTE icon
68
TotalEnergies
TTE
$191B
$364K 0.24%
5,645
– –
BTI icon
69
British American Tobacco
BTI
$121B
$344K 0.23%
6,080
– –
EFA icon
70
iShares MSCI EAFE ETF
EFA
$79.8B
$339K 0.22%
5,285
+84
+2% +$5.6K
RTX icon
71
RTX Corp
RTX
$286B
$336K 0.22%
5,053
– –
MMT
72
Aberdeen Multi-Market Income Fund
MMT
$243M
$309K 0.2%
48,072
+11,834
+33% +$76.9K
MCD icon
73
McDonald's
MCD
$184B
$303K 0.2%
3,192
+657
+26% +$62.7K
OKE icon
74
Oneok
OKE
$59.7B
$302K 0.2%
4,613
-9,428
-67% -$632K
ETY icon
75
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.32B
$299K 0.2%
26,180
-12,203
-32% -$143K
1 2
3
4 5

Similar funds

AZA
Arthur Zaske & Associates Bingham Farms, Michigan $91.5M AUM 9.44% 1-Year Est. Return
CCM
Conatus Capital Management Greenwich, Connecticut $92.3M AUM 45.31% 1-Year Est. Return
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 Q3 2014 Portfolio in Review

As of Q3 2014, Independence Trust held 121 positions worth $152M, down 3% from $156M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Independence Trust withdrew a net $5.33M in Q3 2014, closing 14 positions and reducing 40 holdings. Its most notable exit was REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS, an estimated $529K position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 44% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Independence Trust opened a new position in MFS Charter Income Trust worth $1.08M.

  • Independence Trust's largest Q3 2014 buy was MFS Charter Income Trust: 121,718 shares worth $1.08M.
  • Independence Trust added most to BlackRock Credit Allocation Income Trust in Q3 2014, an estimated $1.45M increase.
  • Independence Trust's biggest Q3 2014 reduction was Magellan Midstream Partners, L.P., cutting an estimated $1.31M.
  • Independence Trust fully exited REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS in Q3 2014, selling an estimated $529K.
  • Independence Trust's ten largest holdings make up 54% of its $152M portfolio in Q3 2014.
  • Independence Trust opened 11 new positions and closed 14 in Q3 2014.
  • Independence Trust's portfolio value fell 3% quarter-over-quarter to $152M.

Based on Independence Trust's 13F filing for Q3 2014, filed 14 Oct 2014.