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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
JQC icon
126
Nuveen Credit Strategies Income Fund
JQC
$701M
$193K 0.12%
21,987
– –
NLY icon
127
Annaly Capital Management
NLY
$17.4B
$191K 0.12%
4,428
– –
SPXX icon
128
Nuveen S&P 500 Dynamic Overwrite Fund
SPXX
$345M
$186K 0.11%
13,011
– –
EMD
129
Western Asset Emerging Markets Debt Fund
EMD
$615M
$180K 0.11%
+11,447
New +$190K
JMM icon
130
Nuveen Multi-Market Income Fund
JMM
$54.9M
$178K 0.11%
+23,266
New +$177K
FCT
131
DELISTED
First Trust Senior Floating Rate Income Fund II
FCT
$164K 0.1%
12,599
– –
MSD
132
Morgan Stanley Emerging Markets Debt Fund
MSD
$147M
$141K 0.09%
+15,487
New +$146K
USA icon
133
Liberty All-Star Equity Fund
USA
$1.85B
$76K 0.05%
12,737
– –
SID icon
134
Companhia Siderúrgica Nacional
SID
$1.41B
$58K 0.04%
28,200
– –
BHP icon
135
BHP
BHP
$245B
– –
-4,157
Closed -$207K
BIIB icon
136
Biogen
BIIB
$32.7B
– –
-631
Closed -$209K
EOG icon
137
EOG Resources
EOG
$75.8B
– –
-2,133
Closed -$211K
GILD icon
138
Gilead Sciences
GILD
$185B
– –
-1,976
Closed -$210K
LYB icon
139
LyondellBasell Industries
LYB
$20.4B
– –
-2,462
Closed -$268K
META icon
140
Meta Platforms (Facebook)
META
$1.45T
– –
-2,597
Closed -$205K
NVO
141
Novo Nordisk
NVO
$205B
– –
-9,270
Closed -$221K
SRV
142
NXG Cushing Midstream Energy Fund
SRV
$285M
– –
-17,732
Closed -$3.06M
WBA
143
DELISTED
Walgreens Boots Alliance
WBA
– –
-50,613
Closed -$3M
WMB icon
144
Williams Companies
WMB
$90.7B
– –
-4,045
Closed -$224K
WPZ
145
DELISTED
Williams Partners L.P.
WPZ
– –
-3,714
Closed -$223K
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.