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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
+3.81%
1 Year Est. Return
+24.37%
3 Year Est. Return
+28.93%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$72.9M
AUM Growth
+$11.8M
Cap. Flow
+$9.75M
Cap. Flow %
13.37%
Top 10 Hldgs %
45.57%
Holding
83
New
28
Increased
13
Reduced
20
Closed
4

Top Buys

Rank Stock Value
1
HEFA icon
iShares Currency Hedged MSCI EAFE ETF
HEFA
+$1.01M
2
MRK icon
Merck
MRK
+$885K
3
SSL icon
Sasol
SSL
+$619K
4
ABT icon
Abbott
ABT
+$584K
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$503K

Top Sells

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$397K
2
EZM icon
WisdomTree US MidCap Fund
EZM
+$389K
3
MKTX icon
MarketAxess Holdings
MKTX
+$213K
4
KMB icon
Kimberly-Clark
KMB
+$211K
5
HD icon
Home Depot
HD
+$207K

Sector Composition

Rank Sector Weight
1 Healthcare 16.08%
2 Industrials 14.28%
3 Technology 12.91%
4 Communication Services 10.94%
5 Consumer Staples 10.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KGC icon
76
Kinross Gold
KGC
$38.6B
$164K 0.22%
+53,000
New +$186K
VALE icon
77
Vale
VALE
$65.2B
$152K 0.21%
+20,000
New +$147K
BDJ icon
78
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.73B
$94K 0.13%
11,538
– –
PPT
79
Franklin Premier Income Trust
PPT
$330M
$51K 0.07%
10,274
– –
EZM icon
80
WisdomTree US MidCap Fund
EZM
$956M
– –
-12,210
Closed -$389K
KMB icon
81
Kimberly-Clark
KMB
$36.6B
– –
-1,675
Closed -$211K
MKTX icon
82
MarketAxess Holdings
MKTX
$5.72B
– –
-1,287
Closed -$213K
VNQ icon
83
Vanguard Real Estate ETF
VNQ
$38.8B
– –
-2,364
Closed -$205K
1 2 3
4

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CCM
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MIM
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YCM
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GCM
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HIM
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MIS
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CL
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Independence Trust's Q4 2016 Portfolio in Review

As of Q4 2016, Independence Trust held 83 positions worth $72.9M, up 19% from $61.1M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Independence Trust deployed $9.75M of net new capital in Q4 2016, opening 28 new positions and adding to 13 existing holdings. Its largest new stake was iShares Currency Hedged MSCI EAFE ETF: 39,846 shares worth $1.04M.

By sector, the portfolio is most concentrated in Healthcare at 16% of assets, down from 16% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, an estimated $397K trimmed.

  • Independence Trust's largest Q4 2016 buy was iShares Currency Hedged MSCI EAFE ETF: 39,846 shares worth $1.04M.
  • Independence Trust added most to Abbott in Q4 2016, an estimated $584K increase.
  • Independence Trust's biggest Q4 2016 reduction was State Street SPDR S&P MIDCAP 400 ETF Trust, cutting an estimated $397K.
  • Independence Trust fully exited WisdomTree US MidCap Fund in Q4 2016, selling an estimated $389K.
  • Independence Trust's ten largest holdings make up 46% of its $72.9M portfolio in Q4 2016.
  • Independence Trust opened 28 new positions and closed 4 in Q4 2016.
  • Independence Trust's portfolio value rose 19% quarter-over-quarter to $72.9M.

Based on Independence Trust's 13F filing for Q4 2016, filed 25 Jan 2017.