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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
WES
101
DELISTED
Western Gas Partners Lp
WES
$278K 0.17%
3,807
– –
BOE icon
102
BlackRock Enhanced Global Dividend Trust
BOE
$691M
$274K 0.17%
20,903
– –
ANDX
103
DELISTED
Andeavor Logistics LP
ANDX
$265K 0.16%
4,505
+1,147
+34% +$66.8K
EQM
104
DELISTED
EQM Midstream Partners, LP
EQM
$262K 0.16%
2,975
– –
CVS icon
105
CVS Health
CVS
$119B
$258K 0.16%
2,675
– –
DIS icon
106
Walt Disney
DIS
$184B
$257K 0.16%
+2,725
New +$246K
SDS icon
107
ProShares UltraShort S&P500
SDS
$391M
$255K 0.15%
116
– –
JNK icon
108
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$6.68B
$243K 0.15%
+2,100
New +$249K
COST icon
109
Costco
COST
$415B
$241K 0.15%
1,700
– –
EVF
110
Eaton Vance Senior Income Trust
EVF
$89.9M
$233K 0.14%
+37,313
New +$238K
NFLX icon
111
Netflix
NFLX
$332B
$231K 0.14%
+47,250
New +$254K
NSC icon
112
Norfolk Southern
NSC
$78.1B
$227K 0.14%
+2,070
New +$227K
KMI icon
113
Kinder Morgan
KMI
$70.2B
$226K 0.14%
+5,331
New +$210K
MS icon
114
Morgan Stanley
MS
$337B
$226K 0.14%
+5,815
New +$207K
TLK icon
115
Telkom Indonesia
TLK
$14.3B
$226K 0.14%
9,980
– –
BABA icon
116
Alibaba
BABA
$279B
$223K 0.13%
+2,150
New +$221K
DCP
117
DELISTED
DCP Midstream, LP
DCP
$218K 0.13%
4,809
– –
OKE icon
118
Oneok
OKE
$59.7B
$217K 0.13%
4,351
-262
-6% -$14.5K
HON icon
119
Honeywell
HON
$69.9B
$216K 0.13%
2,406
– –
ROST icon
120
Ross Stores
ROST
$73.7B
$212K 0.13%
+4,490
New +$190K
SDY icon
121
State Street SPDR S&P Dividend ETF
SDY
$22B
$210K 0.13%
+2,670
New +$209K
KRFT
122
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$207K 0.13%
+3,303
New +$193K
CMG icon
123
Chipotle Mexican Grill
CMG
$47.1B
$205K 0.12%
+15,000
New +$196K
MITT
124
TPG Mortgage Investment Trust
MITT
$212M
$202K 0.12%
+3,628
New +$206K
ERF
125
DELISTED
Enerplus Corporation
ERF
$201K 0.12%
20,960
– –
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.