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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
+2.57%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$63.4M
AUM Growth
-$13.4M
(-17%)
Cap. Flow
-$14.3M
Cap. Flow
% of AUM
-22.61%
Top 10 Holdings %
Top 10 Hldgs %
51.32%
Holding
69
New
1
Increased
8
Reduced
28
Closed
20
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Gold Trust
IAU
|
+$147K |
| 2 |
Abbott
ABT
|
+$70.6K |
| 3 |
CVS Health
CVS
|
+$36K |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$32.2K |
| 5 |
NextEra Energy
NEE
|
+$24.8K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AT&T
T
|
+$679K |
| 2 |
Bank of America
BAC
|
+$593K |
| 3 |
Netflix
NFLX
|
+$584K |
| 4 |
GE Aerospace
GE
|
+$582K |
| 5 |
Johnson & Johnson
JNJ
|
+$579K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 16.92% |
| 2 | Industrials | 14.7% |
| 3 | Technology | 13.72% |
| 4 | Consumer Staples | 11.02% |
| 5 | Communication Services | 10.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Biogen
BIIB
$32.7B
| – | – |
-725
| Closed | -$222K |
|
52
Caterpillar
CAT
$376B
| – | – |
-5,399
| Closed | -$367K |
|
|
CPRX
53
DELISTED
Catalyst Pharmaceutical
CPRX
| – | – |
-42,000
| Closed | -$103K |
|
54
Chevron
CVX
$392B
| – | – |
-3,840
| Closed | -$345K |
|
55
Ford
F
$55.6B
| – | – |
-28,252
| Closed | -$398K |
|
56
Hershey
HSY
$36.4B
| – | – |
-3,606
| Closed | -$322K |
|
57
Mastercard
MA
$518B
| – | – |
-3,395
| Closed | -$331K |
|
58
McDonald's
MCD
$184B
| – | – |
-4,287
| Closed | -$506K |
|
|
MITT
59
TPG Mortgage Investment Trust
MITT
$212M
| – | – |
-4,662
| Closed | -$180K |
|
60
Merck
MRK
$369B
| – | – |
-6,761
| Closed | -$341K |
|
61
Morgan Stanley
MS
$337B
| – | – |
-9,147
| Closed | -$291K |
|
|
MSD
62
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
| – | – |
-33,929
| Closed | -$291K |
|
|
63
Netflix
NFLX
$332B
| – | – |
-51,100
| Closed | -$584K |
|
64
Procter & Gamble
PG
$333B
| – | – |
-4,908
| Closed | -$390K |
|
65
Visa
V
$709B
| – | – |
-3,040
| Closed | -$236K |
|
66
Vanguard Real Estate ETF
VNQ
$38.8B
| – | – |
-3,732
| Closed | -$298K |
|
67
Vanguard FTSE Emerging Markets ETF
VWO
$127B
| – | – |
-8,350
| Closed | -$273K |
|
68
Verizon
VZ
$205B
| – | – |
-10,424
| Closed | -$482K |
|
|
RTN
69
DELISTED
Raytheon Company
RTN
| – | – |
-2,200
| Closed | -$274K |
|
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MIS
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Independence Trust's Q1 2016 Portfolio in Review
As of Q1 2016, Independence Trust held 69 positions worth $63.4M, down 17% from $76.8M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Independence Trust withdrew a net $14.3M in Q1 2016, closing 20 positions and reducing 28 holdings. Its most notable exit was Bank of America, an estimated $593K position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 16% a quarter earlier, followed by Industrials and Technology.
Against the trend, Independence Trust opened a new position in iShares Gold Trust worth $153K.
- Independence Trust's largest Q1 2016 buy was iShares Gold Trust: 6,433 shares worth $153K.
- Independence Trust added most to Abbott in Q1 2016, an estimated $70.6K increase.
- Independence Trust's biggest Q1 2016 reduction was AT&T, cutting an estimated $679K.
- Independence Trust fully exited Bank of America in Q1 2016, selling an estimated $593K.
- Independence Trust's ten largest holdings make up 51% of its $63.4M portfolio in Q1 2016.
- Independence Trust opened 1 new position and closed 20 in Q1 2016.
- Independence Trust's portfolio value fell 17% quarter-over-quarter to $63.4M.
Based on Independence Trust's 13F filing for Q1 2016, filed 19 Apr 2016.