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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
CVX icon
76
Chevron
CVX
$392B
$395K 0.24%
+3,520
New +$400K
UN
77
DELISTED
Unilever NV New York Registry Shares
UN
$391K 0.24%
10,020
– –
HSBC icon
78
HSBC
HSBC
$352B
$376K 0.23%
9,244
– –
RTX icon
79
RTX Corp
RTX
$286B
$373K 0.23%
5,148
+95
+2% +$6.48K
MSP
80
DELISTED
Madison Strategic Sector
MSP
$373K 0.23%
+31,441
New +$386K
ETP
81
DELISTED
Energy Transfer Partners, L.P.
ETP
$367K 0.22%
8,787
-1,031
-11% -$47.5K
RY icon
82
Royal Bank of Canada
RY
$284B
$355K 0.21%
+5,143
New +$364K
LMT icon
83
Lockheed Martin
LMT
$131B
$349K 0.21%
+1,810
New +$336K
CSX icon
84
CSX Corp
CSX
$95.5B
$346K 0.21%
28,650
+9,900
+53% +$116K
F icon
85
Ford
F
$55.6B
$330K 0.2%
+21,299
New +$314K
BTI icon
86
British American Tobacco
BTI
$121B
$328K 0.2%
6,080
– –
JGH icon
87
Nuveen Global High Income Fund
JGH
$349M
$326K 0.2%
+18,873
New +$335K
VNQ icon
88
Vanguard Real Estate ETF
VNQ
$38.8B
$325K 0.2%
+4,017
New +$315K
MA icon
89
Mastercard
MA
$518B
$324K 0.2%
3,765
+500
+15% +$40.8K
SNY icon
90
Sanofi
SNY
$107B
$322K 0.19%
7,060
– –
SEP
91
DELISTED
Spectra Engy Parters Lp
SEP
$321K 0.19%
5,631
– –
DVY icon
92
iShares Select Dividend ETF
DVY
$23.8B
$312K 0.19%
+3,931
New +$304K
CAT icon
93
Caterpillar
CAT
$376B
$309K 0.19%
+3,381
New +$329K
EGF
94
DELISTED
Blackrock Enhanced Government Fund, Inc.
EGF
$296K 0.18%
+20,792
New +$292K
EMB icon
95
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$15B
$295K 0.18%
+2,687
New +$303K
TTE icon
96
TotalEnergies
TTE
$191B
$289K 0.17%
5,645
– –
VWO icon
97
Vanguard FTSE Emerging Markets ETF
VWO
$127B
$287K 0.17%
+7,179
New +$296K
DFS
98
DELISTED
Discover Financial Services
DFS
$283K 0.17%
4,315
– –
BCE icon
99
BCE
BCE
$21.8B
$281K 0.17%
6,135
– –
RTN
100
DELISTED
Raytheon Company
RTN
$281K 0.17%
+2,600
New +$268K
2 3
4
5 6

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.