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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
(-21%)
Cap. Flow
-$25.8M
Cap. Flow
% of AUM
-33.59%
Top 10 Holdings %
Top 10 Hldgs %
47.33%
Holding
106
New
6
Increased
14
Reduced
29
Closed
37
Avg Time Held
6.4
quarters
Top 10 Avg Time Held
6
quarters
Top 20 Avg Time Held
6.9
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$477K |
| 2 |
Caterpillar
CAT
|
+$377K |
| 3 |
Hershey
HSY
|
+$323K |
| 4 |
Morgan Stanley Emerging Markets Debt Fund
MSD
|
+$293K |
| 5 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$287K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kayne Anderson Energy Infrastructure Fund
KYN
|
+$11.2M |
| 2 |
Tortoise Energy Infrastructure Corp
TYG
|
+$1.61M |
| 3 |
GFY
Western Asset Variable Rate Strategic Fund, Inc
GFY
|
+$976K |
| 4 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
|
51
Hershey
HSY
$32.9B
| $322K | 0.42% |
+3,606
| New | +$323K |
2015 Q4
0 quarters
|
|
52
iShares MSCI EAFE ETF
EFA
$76.5B
| $305K | 0.4% |
5,201
| – | – |
2013 Q2
10 quarters
|
|
53
Vanguard Real Estate ETF
VNQ
$36.5B
| $298K | 0.39% |
3,732
-99
| -3% | -$7.84K |
2014 Q4
4 quarters
|
|
54
Morgan Stanley
MS
$298B
| $291K | 0.38% |
9,147
| – | – |
2015 Q3
1 quarter
|
|
|
55
Morgan Stanley Emerging Markets Debt Fund
MSD
$135M
| $291K | 0.38% |
+33,929
| New | +$293K |
2015 Q4
0 quarters
|
|
56
NextEra Energy
NEE
$163B
| $279K | 0.36% |
10,736
| – | – |
2015 Q3
1 quarter
|
|
57
Alerian MLP ETF
AMLP
$12.7B
| $274K | 0.36% |
4,541
-817
| -15% | -$51.1K |
2014 Q4
4 quarters
|
|
|
RTN
58
DELISTED
Raytheon Company
RTN
| $274K | 0.36% |
2,200
| – | – |
2014 Q4
4 quarters
|
|
|
59
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $273K | 0.36% |
+8,350
| New | +$287K |
2015 Q4
0 quarters
|
|
60
Kimberly-Clark
KMB
$32.7B
| $254K | 0.33% |
1,993
| – | – |
2013 Q2
10 quarters
|
|
61
Enterprise Products Partners
EPD
$77.6B
| $239K | 0.31% |
9,330
-2,150
| -19% | -$55.9K |
2013 Q2
10 quarters
|
|
62
Visa
V
$734B
| $236K | 0.31% |
+3,040
| New | +$235K |
2015 Q4
0 quarters
|
|
63
Biogen
BIIB
$34.4B
| $222K | 0.29% |
725
-104
| -13% | -$29.9K |
2015 Q3
1 quarter
|
|
64
Ross Stores
ROST
$71.9B
| $221K | 0.29% |
4,100
-390
| -9% | -$19.9K |
2014 Q4
4 quarters
|
|
65
TPG Mortgage Investment Trust
MITT
$177M
| $180K | 0.23% |
4,662
| – | – |
2014 Q4
4 quarters
|
|
66
DELISTED
Catalyst Pharmaceutical
CPRX
| $103K | 0.13% |
42,000
+14,000
| +50% | +$40.1K |
2015 Q3
1 quarter
|
|
67
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.69B
| $79K | 0.1% |
10,358
-90,965
| -90% | -$686K |
2013 Q2
10 quarters
|
|
68
Franklin Premier Income Trust
PPT
$310M
| $51K | 0.07% |
10,274
-153,855
| -94% | -$764K |
2013 Q2
10 quarters
|
|
69
BlackRock Income Trust
BKT
$309M
| – | – |
-6,207
| Closed | -$117K | – |
|
70
Blackstone Senior Floating Rate 2027 Term Fund
BSL
$169M
| – | – |
-17,627
| Closed | -$280K | – |
|
|
71
BlackRock Credit Allocation Income Trust
BTZ
$879M
| – | – |
-79,786
| Closed | -$971K | – |
|
72
Chipotle Mexican Grill
CMG
$37.9B
| – | – |
-16,500
| Closed | -$238K | – |
|
73
CSX Corp
CSX
$88.3B
| – | – |
-28,800
| Closed | -$258K | – |
|
74
Western Asset Emerging Markets Debt Fund
EMD
$537M
| – | – |
-20,564
| Closed | -$274K | – |
|
75
Eaton Vance Risk-Managed Diversified Equity Income Fund
ETJ
$553M
| – | – |
-47,155
| Closed | -$453K | – |
|
Similar funds
AZA
CCM
MIM
YCM
GCM
HIM
MIS
CL
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.