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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
Cap. Flow
-$39.3M
Cap. Flow %
-40.35%
Top 10 Hldgs %
43.52%
Holding
131
New
12
Increased
23
Reduced
51
Closed
32

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$1.24M
2
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$827K
3
WFC icon
Wells Fargo
WFC
+$485K
4
LMT icon
Lockheed Martin
LMT
+$468K
5
NVO
Novo Nordisk
NVO
+$422K

Top Sells

Rank Stock Value
1
KYN icon
Kayne Anderson Energy Infrastructure Fund
KYN
+$18.5M
2
TYG
Tortoise Energy Infrastructure Corp
TYG
+$6.2M
3
BTZ icon
BlackRock Credit Allocation Income Trust
BTZ
+$920K
4
TY icon
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
JPM icon
76
JPMorgan Chase
JPM
$942B
$270K 0.28%
4,435
-5,380
-55% -$352K
NEE icon
77
NextEra Energy
NEE
$174B
$262K 0.27%
+10,736
New +$273K
CSX icon
78
CSX Corp
CSX
$95.5B
$258K 0.26%
28,800
+4,500
+19% +$44.2K
NVS icon
79
Novartis
NVS
$294B
$251K 0.26%
3,050
-3,833
-56% -$341K
SCHE icon
80
Schwab Emerging Markets Equity ETF
SCHE
$13B
$245K 0.25%
+12,128
New +$265K
BIIB icon
81
Biogen
BIIB
$32.7B
$242K 0.25%
+829
New +$274K
RTN
82
DELISTED
Raytheon Company
RTN
$240K 0.25%
2,200
-1,287
-37% -$134K
GSK icon
83
GSK
GSK
$101B
$239K 0.25%
4,975
-7,457
-60% -$388K
CMG icon
84
Chipotle Mexican Grill
CMG
$47.1B
$238K 0.24%
16,500
– –
TSN icon
85
Tyson Foods
TSN
$19.5B
$238K 0.24%
+5,520
New +$235K
ROST icon
86
Ross Stores
ROST
$73.7B
$218K 0.22%
4,490
– –
KMB icon
87
Kimberly-Clark
KMB
$36.6B
$217K 0.22%
1,993
– –
MGF
88
Aberdeen Government Markets Income Fund
MGF
$94.5M
$217K 0.22%
40,441
-22,478
-36% -$119K
DD
89
DELISTED
Du Pont De Nemours E I
DD
$215K 0.22%
4,459
-5,501
-55% -$294K
MITT
90
TPG Mortgage Investment Trust
MITT
$212M
$213K 0.22%
4,662
– –
RVT icon
91
Royce Value Trust
RVT
$2.34B
$210K 0.22%
18,235
-26,652
-59% -$338K
MMT
92
Aberdeen Multi-Market Income Fund
MMT
$243M
$192K 0.2%
34,263
-31,905
-48% -$191K
MSP
93
DELISTED
Madison Strategic Sector
MSP
$162K 0.17%
15,149
-10,942
-42% -$123K
JFR icon
94
Nuveen Floating Rate Income Fund
JFR
$1.22B
$131K 0.13%
+13,016
New +$136K
JQC icon
95
Nuveen Credit Strategies Income Fund
JQC
$701M
$130K 0.13%
16,351
-4,414
-21% -$37.2K
BKT icon
96
BlackRock Income Trust
BKT
$335M
$117K 0.12%
6,207
-4,398
-41% -$83.8K
FTF
97
Franklin Limited Duration Income Trust
FTF
$233M
$109K 0.11%
10,001
-3,081
-24% -$35.1K
EVF
98
Eaton Vance Senior Income Trust
EVF
$89.9M
$91K 0.09%
15,464
-11,385
-42% -$70K
CPRX
99
DELISTED
Catalyst Pharmaceutical
CPRX
$84K 0.09%
+28,000
New +$121K
BCE icon
100
BCE
BCE
$21.8B
– –
-6,970
Closed -$296K
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 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.