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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
Cap. Flow
+$16.1M
Cap. Flow %
9.75%
Top 10 Hldgs %
48.76%
Holding
145
New
38
Increased
44
Reduced
10
Closed
11

Top Buys

Rank Stock Value
1
TY icon
TRI-Continental Corp
TY
+$840K
2
RVT icon
Royce Value Trust
RVT
+$728K
3
PPT
Franklin Premier Income Trust
PPT
+$707K
4
AMLP icon
Alerian MLP ETF
AMLP
+$698K
5
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$687K

Top Sells

Rank Stock Value
1
SRV
NXG Cushing Midstream Energy Fund
SRV
+$3.06M
2
WBA
Walgreens Boots Alliance
WBA
+$3M
3
LYB icon
LyondellBasell Industries
LYB
+$268K
4
WMB icon
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
EVV
51
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
$642K 0.39%
+45,441
New +$650K
ET icon
52
Energy Transfer Partners
ET
$73.6B
$635K 0.38%
22,150
-20
-0.1% -$576
PAA icon
53
Plains All American Pipeline
PAA
$18B
$620K 0.38%
12,074
– –
AGG icon
54
iShares Core US Aggregate Bond ETF
AGG
$139B
$606K 0.37%
5,500
– –
HYG icon
55
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.6B
$595K 0.36%
+6,640
New +$605K
MRK icon
56
Merck
MRK
$369B
$591K 0.36%
10,913
+281
+3% +$15.7K
BRK.B icon
57
Berkshire Hathaway Class B
BRK.B
$1.08T
$586K 0.35%
3,900
+35
+0.9% +$5.05K
RAI
58
DELISTED
Reynolds American Inc
RAI
$561K 0.34%
17,470
– –
ETY icon
59
Eaton Vance Tax-Managed Diversified Equity Income Fund
ETY
$2.32B
$550K 0.33%
49,212
+23,032
+88% +$263K
KMB icon
60
Kimberly-Clark
KMB
$36.6B
$547K 0.33%
4,738
+111
+2% +$12.3K
EEM icon
61
iShares MSCI Emerging Markets ETF
EEM
$31.4B
$526K 0.32%
13,375
– –
COP icon
62
ConocoPhillips
COP
$156B
$518K 0.31%
7,506
+1,843
+33% +$129K
NTT
63
DELISTED
Nippon Telegraph & Telephone
NTT
$514K 0.31%
20,070
– –
SPY icon
64
State Street SPDR S&P 500 ETF Trust
SPY
$827B
$509K 0.31%
2,475
– –
CSCO icon
65
Cisco
CSCO
$442B
$477K 0.29%
17,156
+1,380
+9% +$35.6K
IUSV icon
66
iShares Core S&P US Value ETF
IUSV
$27.9B
$473K 0.29%
10,389
– –
BPL
67
DELISTED
Buckeye Partners, L.P.
BPL
$461K 0.28%
6,091
-33
-0.5% -$2.54K
VZ icon
68
Verizon
VZ
$205B
$449K 0.27%
+9,590
New +$469K
BHL
69
DELISTED
Blackrock Defined Opp Crt Tr
BHL
$433K 0.26%
+33,920
New +$450K
IYR icon
70
iShares US Real Estate ETF
IYR
$4.6B
$432K 0.26%
+5,621
New +$420K
MGF
71
Aberdeen Government Markets Income Fund
MGF
$94.5M
$426K 0.26%
+75,090
New +$427K
MMT
72
Aberdeen Multi-Market Income Fund
MMT
$243M
$418K 0.25%
64,284
+16,212
+34% +$102K
EFA icon
73
iShares MSCI EAFE ETF
EFA
$79.8B
$408K 0.25%
6,701
+1,416
+27% +$88.4K
BAC icon
74
Bank of America
BAC
$428B
$405K 0.25%
+22,649
New +$388K
MCD icon
75
McDonald's
MCD
$184B
$402K 0.24%
4,287
+1,095
+34% +$103K
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 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.