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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
(+9.1%)
Cap. Flow
+$16.1M
Cap. Flow
% of AUM
9.75%
Top 10 Holdings %
Top 10 Hldgs %
48.76%
Holding
145
New
38
Increased
44
Reduced
10
Closed
11
Avg Time Held
3.7
quarters
Top 10 Avg Time Held
3.9
quarters
Top 20 Avg Time Held
4.4
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TRI-Continental Corp
TY
|
+$840K |
| 2 |
Royce Value Trust
RVT
|
+$728K |
| 3 |
Franklin Premier Income Trust
PPT
|
+$707K |
| 4 |
Alerian MLP ETF
AMLP
|
+$698K |
| 5 |
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
|
+$687K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXG Cushing Midstream Energy Fund
SRV
|
+$3.06M |
| 2 |
Walgreens Boots Alliance
WBA
|
+$3M |
| 3 |
LyondellBasell Industries
LYB
|
+$268K |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
51
Eaton Vance Limited Duration Income Fund
EVV
$981M
| $642K | 0.39% |
+45,441
| New | +$650K |
2014 Q4
0 quarters
|
|
52
Energy Transfer Partners
ET
$70B
| $635K | 0.38% |
22,150
-20
| -0.1% | -$576 |
2013 Q2
6 quarters
|
|
53
Plains All American Pipeline
PAA
$17.3B
| $620K | 0.38% |
12,074
| – | – |
2013 Q2
6 quarters
|
|
54
iShares Core US Aggregate Bond ETF
AGG
$137B
| $606K | 0.37% |
5,500
| – | – |
2013 Q2
6 quarters
|
|
55
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$18B
| $595K | 0.36% |
+6,640
| New | +$605K |
2014 Q4
0 quarters
|
|
56
Merck
MRK
$358B
| $591K | 0.36% |
10,913
+281
| +3% | +$15.7K |
2013 Q2
6 quarters
|
|
57
Berkshire Hathaway Class B
BRK.B
$1.11T
| $586K | 0.35% |
3,900
+35
| +0.9% | +$5.05K |
2013 Q2
6 quarters
|
|
|
RAI
58
DELISTED
Reynolds American Inc
RAI
| $561K | 0.34% |
17,470
| – | – |
2014 Q1
3 quarters
|
|
59
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.28B
| $550K | 0.33% |
49,212
+23,032
| +88% | +$263K |
2013 Q2
6 quarters
|
|
60
Kimberly-Clark
KMB
$32.7B
| $547K | 0.33% |
4,738
+111
| +2% | +$12.3K |
2013 Q2
6 quarters
|
|
61
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $526K | 0.32% |
13,375
| – | – |
2013 Q2
6 quarters
|
|
62
ConocoPhillips
COP
$164B
| $518K | 0.31% |
7,506
+1,843
| +33% | +$129K |
2013 Q2
6 quarters
|
|
|
NTT
63
DELISTED
Nippon Telegraph & Telephone
NTT
| $514K | 0.31% |
20,070
| – | – |
2013 Q4
4 quarters
|
|
64
State Street SPDR S&P 500 ETF Trust
SPY
$821B
| $509K | 0.31% |
2,475
| – | – |
2013 Q2
6 quarters
|
|
65
Cisco
CSCO
$456B
| $477K | 0.29% |
17,156
+1,380
| +9% | +$35.6K |
2013 Q2
6 quarters
|
|
66
iShares Core S&P US Value ETF
IUSV
$27.7B
| $473K | 0.29% |
10,389
| – | – |
2013 Q2
6 quarters
|
|
|
BPL
67
DELISTED
Buckeye Partners, L.P.
BPL
| $461K | 0.28% |
6,091
-33
| -0.5% | -$2.54K |
2013 Q2
6 quarters
|
|
68
Verizon
VZ
$176B
| $449K | 0.27% |
+9,590
| New | +$469K |
2014 Q4
0 quarters
|
|
|
BHL
69
DELISTED
Blackrock Defined Opp Crt Tr
BHL
| $433K | 0.26% |
+33,920
| New | +$450K |
2014 Q4
0 quarters
|
|
70
iShares US Real Estate ETF
IYR
$4.14B
| $432K | 0.26% |
+5,621
| New | +$420K |
2014 Q4
0 quarters
|
|
|
MGF
71
Aberdeen Government Markets Income Fund
MGF
$88.4M
| $426K | 0.26% |
+15,018
| New | +$427K |
2014 Q4
0 quarters
|
|
72
Aberdeen Multi-Market Income Fund
MMT
$230M
| $418K | 0.25% |
64,284
+16,212
| +34% | +$102K |
2013 Q2
6 quarters
|
|
73
iShares MSCI EAFE ETF
EFA
$76.6B
| $408K | 0.25% |
6,701
+1,416
| +27% | +$88.4K |
2013 Q2
6 quarters
|
|
74
Bank of America
BAC
$380B
| $405K | 0.25% |
+22,649
| New | +$388K |
2014 Q4
0 quarters
|
|
75
McDonald's
MCD
$166B
| $402K | 0.24% |
4,287
+1,095
| +34% | +$103K |
2013 Q2
6 quarters
|
|
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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.