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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
-7.42%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$97.5M
AUM Growth
-$51M
(-34%)
Cap. Flow
-$39.3M
Cap. Flow
% of AUM
-40.35%
Top 10 Holdings %
Top 10 Hldgs %
43.52%
Holding
131
New
12
Increased
23
Reduced
51
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$1.24M |
| 2 |
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
|
+$827K |
| 3 |
Wells Fargo
WFC
|
+$485K |
| 4 |
Lockheed Martin
LMT
|
+$468K |
| 5 |
NVO
Novo Nordisk
NVO
|
+$422K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kayne Anderson Energy Infrastructure Fund
KYN
|
+$18.5M |
| 2 |
TYG
Tortoise Energy Infrastructure Corp
TYG
|
+$6.2M |
| 3 |
BlackRock Credit Allocation Income Trust
BTZ
|
+$920K |
| 4 |
TRI-Continental Corp
TY
|
+$803K |
| 5 |
PPT
Franklin Premier Income Trust
PPT
|
+$706K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 29.82% |
| 2 | Healthcare | 12.97% |
| 3 | Industrials | 11% |
| 4 | Technology | 9.58% |
| 5 | Communication Services | 8.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Walt Disney
DIS
$184B
| $396K | 0.41% |
3,875
+400
| +12% | +$43.6K |
|
52
Merck
MRK
$369B
| $391K | 0.4% |
8,296
-5,455
| -40% | -$290K |
|
|
BHL
53
DELISTED
Blackrock Defined Opp Crt Tr
BHL
| $358K | 0.37% |
27,703
-3,102
| -10% | -$40.8K |
|
54
Starbucks
SBUX
$122B
| $348K | 0.36% |
+6,127
| New | +$343K |
|
55
CVS Health
CVS
$119B
| $347K | 0.36% |
3,594
+919
| +34% | +$96.6K |
|
56
Procter & Gamble
PG
$333B
| $344K | 0.35% |
4,788
| – | – |
|
57
iShares MSCI Emerging Markets ETF
EEM
$31.4B
| $342K | 0.35% |
10,430
| – | – |
|
|
FSB
58
DELISTED
Franklin Financial Network, Inc.
FSB
| $342K | 0.35% |
15,320
| – | – |
|
59
Alerian MLP ETF
AMLP
$13.4B
| $334K | 0.34% |
5,358
+673
| +14% | +$48.9K |
|
60
RTX Corp
RTX
$286B
| $325K | 0.33% |
5,800
+175
| +3% | +$10.8K |
|
61
Ford
F
$55.6B
| $324K | 0.33% |
23,893
+1,378
| +6% | +$19.7K |
|
|
NSL
62
DELISTED
NUVEEN SENIOR INCM FD
NSL
| $317K | 0.33% |
53,602
-23,435
| -30% | -$145K |
|
|
EVV
63
Eaton Vance Limited Duration Income Fund
EVV
$1.06B
| $306K | 0.31% |
24,094
-32,573
| -57% | -$434K |
|
64
Mastercard
MA
$518B
| $306K | 0.31% |
3,395
| – | – |
|
65
iShares MSCI EAFE ETF
EFA
$79.8B
| $298K | 0.31% |
5,201
-1,500
| -22% | -$92.6K |
|
66
Chevron
CVX
$392B
| $297K | 0.3% |
3,770
| – | – |
|
67
WisdomTree US MidCap Fund
EZM
$956M
| $295K | 0.3% |
+10,305
| New | +$315K |
|
68
Nuveen Mortgage and Income Fund
JLS
$92.4M
| $292K | 0.3% |
+13,053
| New | +$293K |
|
69
Vanguard Real Estate ETF
VNQ
$38.8B
| $289K | 0.3% |
3,831
+845
| +28% | +$64.9K |
|
70
Morgan Stanley
MS
$337B
| $288K | 0.3% |
+9,147
| New | +$333K |
|
|
EVG
71
Eaton Vance Short Duration Diversified Income Fund
EVG
$143M
| $287K | 0.29% |
21,721
-25,662
| -54% | -$351K |
|
72
Enterprise Products Partners
EPD
$84.3B
| $286K | 0.29% |
11,480
-9,060
| -44% | -$251K |
|
73
LyondellBasell Industries
LYB
$20.4B
| $286K | 0.29% |
+3,430
| New | +$305K |
|
|
BSL
74
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| $280K | 0.29% |
17,627
+7,523
| +74% | +$125K |
|
|
EMD
75
Western Asset Emerging Markets Debt Fund
EMD
$615M
| $274K | 0.28% |
20,564
+9,117
| +80% | +$129K |
|
Similar funds
AZA
CCM
MIM
YCM
GCM
HIM
MIS
CL
Independence Trust's Q3 2015 Portfolio in Review
As of Q3 2015, Independence Trust held 131 positions worth $97.5M, down 34% from $148M the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Independence Trust withdrew a net $39.3M in Q3 2015, closing 32 positions and reducing 51 holdings. Its most notable exit was Eli Lilly, an estimated $536K position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 30% of assets, down from 47% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Independence Trust opened a new position in Alphabet (Google) Class C worth $404K.
- Independence Trust's largest Q3 2015 buy was Alphabet (Google) Class C: 12,660 shares worth $404K.
- Independence Trust added most to Apple in Q3 2015, an estimated $1.24M increase.
- Independence Trust's biggest Q3 2015 reduction was Kayne Anderson Energy Infrastructure Fund, cutting an estimated $18.5M.
- Independence Trust fully exited Eli Lilly in Q3 2015, selling an estimated $536K.
- Independence Trust's ten largest holdings make up 44% of its $97.5M portfolio in Q3 2015.
- Independence Trust opened 12 new positions and closed 32 in Q3 2015.
- Independence Trust's portfolio value fell 34% quarter-over-quarter to $97.5M.
Based on Independence Trust's 13F filing for Q3 2015, filed 16 Oct 2015.