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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 | |
|---|---|---|---|---|---|---|---|
76
Chevron
CVX
$422B
| $395K | 0.24% |
+3,520
| New | +$400K |
2014 Q4
0 quarters
|
|
77
DELISTED
Unilever NV New York Registry Shares
UN
| $391K | 0.24% |
10,020
| – | – |
2013 Q2
6 quarters
|
|
78
HSBC
HSBC
$323B
| $376K | 0.23% |
9,244
| – | – |
2013 Q2
6 quarters
|
|
79
RTX Corp
RTX
$252B
| $373K | 0.23% |
5,148
+95
| +2% | +$6.48K |
2013 Q2
6 quarters
|
|
|
MSP
80
DELISTED
Madison Strategic Sector
MSP
| $373K | 0.23% |
+31,441
| New | +$386K |
2014 Q4
0 quarters
|
|
|
ETP
81
DELISTED
Energy Transfer Partners, L.P.
ETP
| $367K | 0.22% |
8,787
-1,031
| -11% | -$47.5K |
2013 Q2
6 quarters
|
|
82
Royal Bank of Canada
RY
$268B
| $355K | 0.21% |
+5,143
| New | +$364K |
2014 Q4
0 quarters
|
|
83
Lockheed Martin
LMT
$119B
| $349K | 0.21% |
+1,810
| New | +$336K |
2014 Q4
0 quarters
|
|
84
CSX Corp
CSX
$88.3B
| $346K | 0.21% |
28,650
+9,900
| +53% | +$116K |
2014 Q3
1 quarter
|
|
85
Ford
F
$47.9B
| $330K | 0.2% |
+21,299
| New | +$314K |
2014 Q4
0 quarters
|
|
86
British American Tobacco
BTI
$120B
| $328K | 0.2% |
6,080
| – | – |
2013 Q2
6 quarters
|
|
87
Nuveen Global High Income Fund
JGH
$325M
| $326K | 0.2% |
+18,873
| New | +$335K |
2014 Q4
0 quarters
|
|
88
Vanguard Real Estate ETF
VNQ
$36.6B
| $325K | 0.2% |
+4,017
| New | +$315K |
2014 Q4
0 quarters
|
|
89
Mastercard
MA
$524B
| $324K | 0.2% |
3,765
+500
| +15% | +$40.8K |
2014 Q3
1 quarter
|
|
90
Sanofi
SNY
$95.5B
| $322K | 0.19% |
7,060
| – | – |
2013 Q2
6 quarters
|
|
|
SEP
91
DELISTED
Spectra Engy Parters Lp
SEP
| $321K | 0.19% |
5,631
| – | – |
2013 Q2
6 quarters
|
|
92
iShares Select Dividend ETF
DVY
$22.6B
| $312K | 0.19% |
+3,931
| New | +$304K |
2014 Q4
0 quarters
|
|
93
Caterpillar
CAT
$371B
| $309K | 0.19% |
+3,381
| New | +$329K |
2014 Q4
0 quarters
|
|
94
DELISTED
Blackrock Enhanced Government Fund, Inc.
EGF
| $296K | 0.18% |
+20,792
| New | +$292K |
2014 Q4
0 quarters
|
|
95
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$13B
| $295K | 0.18% |
+2,687
| New | +$303K |
2014 Q4
0 quarters
|
|
96
TotalEnergies
TTE
$195B
| $289K | 0.17% |
5,645
| – | – |
2013 Q2
6 quarters
|
|
97
Vanguard FTSE Emerging Markets ETF
VWO
$126B
| $287K | 0.17% |
+7,179
| New | +$296K |
2014 Q4
0 quarters
|
|
98
DELISTED
Discover Financial Services
DFS
| $283K | 0.17% |
4,315
| – | – |
2014 Q1
3 quarters
|
|
99
BCE
BCE
$17.6B
| $281K | 0.17% |
6,135
| – | – |
2014 Q2
2 quarters
|
|
|
RTN
100
DELISTED
Raytheon Company
RTN
| $281K | 0.17% |
+2,600
| New | +$268K |
2014 Q4
0 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.