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IAA

Independent Advisor Alliance Portfolio holdings

AUM $9.32B
1-Year Est. Return 33.19%
This Fund
S&P 500
This Quarter Est. Return
-14.77%
1 Year Est. Return
+33.19%
3 Year Est. Return
+99.53%
5 Year Est. Return
+125.15%
10 Year Est. Return
–
AUM
$687M
AUM Growth
-$1.6B
Cap. Flow
-$1.42B
Cap. Flow %
-207.15%
Top 10 Hldgs %
33.16%
Holding
948
New
62
Increased
155
Reduced
199
Closed
521

Top Buys

Rank Stock Value
1
TGT icon
Target
TGT
+$6.07M
2
AMZN icon
Amazon
AMZN
+$5.08M
3
MSFT icon
Microsoft
MSFT
+$4.41M
4
AMD icon
Advanced Micro Devices
AMD
+$2.85M
5
QCOM icon
Qualcomm
QCOM
+$2.55M

Top Sells

Rank Stock Value
1
IVV icon
iShares Core S&P 500 ETF
IVV
+$86.6M
2
USMV icon
iShares MSCI USA Min Vol Factor ETF
USMV
+$62.5M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$50.6M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$37.9M
5
IEFA icon
iShares Core MSCI EAFE ETF
IEFA
+$35.5M

Sector Composition

Rank Sector Weight
1 Technology 21.29%
2 Consumer Discretionary 12.75%
3 Communication Services 11.45%
4 Financials 10.94%
5 Consumer Staples 10.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FANG icon
526
Diamondback Energy
FANG
$52.7B
– –
-2,728
Closed -$253K
FAST icon
527
Fastenal
FAST
$59.5B
– –
-14,612
Closed -$270K
FBT icon
528
First Trust NYSE Arca Biotechnology Index Fund
FBT
$2.83B
– –
-17,744
Closed -$2.64M
FCVT icon
529
First Trust SSI Strategic Convertible Securities ETF
FCVT
$101M
– –
-63,312
Closed -$2.1M
FDL icon
530
First Trust Morningstar Dividend Leaders Index Fund
FDL
$7.82B
– –
-7,291
Closed -$238K
FDN icon
531
First Trust Dow Jones Internet Index Fund ETF
FDN
$5.45B
– –
-37,867
Closed -$5.27M
FEM icon
532
First Trust Emerging Markets AlphaDEX Fund
FEM
$773M
– –
-7,641
Closed -$203K
FEMB icon
533
First Trust Emerging Markets Local Currency Bond ETF
FEMB
$364M
– –
-27,547
Closed -$1.08M
FEMS icon
534
First Trust Emerging Markets Small Cap AlphaDEX Fund
FEMS
$251M
– –
-41,145
Closed -$1.63M
FEP icon
535
First Trust Europe AlphaDEX Fund
FEP
$534M
– –
-8,632
Closed -$325K
FEX icon
536
First Trust Large Cap Core AlphaDEX Fund
FEX
$1.61B
– –
-7,520
Closed -$491K
FFC
537
Flaherty & Crumrine Preferred and Income Securities Fund
FFC
$782M
– –
-22,083
Closed -$479K
FITB
538
Fifth Third Bancorp
FITB
$51.8B
– –
-87,334
Closed -$2.69M
FIXD icon
539
First Trust Smith Opportunistic Fixed Income ETF
FIXD
$3.24B
– –
-108,361
Closed -$5.62M
FLOT icon
540
iShares Floating Rate Bond ETF
FLOT
$10.3B
– –
-433,352
Closed -$22.1M
FLRN icon
541
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.09B
– –
-21,086
Closed -$648K
FLTR icon
542
VanEck IG Floating Rate ETF
FLTR
$2.97B
– –
-43,752
Closed -$1.11M
FMB icon
543
First Trust Managed Municipal ETF
FMB
$2.06B
– –
-115,081
Closed -$6.39M
FMC icon
544
FMC
FMC
$1.33B
– –
-2,213
Closed -$221K
FNCL icon
545
Fidelity MSCI Financials Index ETF
FNCL
$2.4B
– –
-18,845
Closed -$837K
FNDA icon
546
Schwab Fundamental US Small Company Index ETF
FNDA
$9.38B
– –
-13,882
Closed -$279K
FNX icon
547
First Trust Mid Cap Core AlphaDEX Fund
FNX
$1.41B
– –
-4,055
Closed -$294K
FNY icon
548
First Trust Mid Cap Growth AlphaDEX Fund
FNY
$604M
– –
-7,354
Closed -$352K
FOF icon
549
Cohen & Steers Closed End Opportunity Fund
FOF
$380M
– –
-316,152
Closed -$4.24M
FPE icon
550
First Trust Preferred Securities and Income ETF
FPE
$6.36B
– –
-94,525
Closed -$1.9M
20 21
22
23 24

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PVI
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AC
Allstate Corporation Northbrook, Illinois $9.35B AUM 16.13% 1-Year Est. Return
NPT
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SUT
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HKAM
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RCM
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RCMNY
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Independent Advisor Alliance's Q1 2020 Portfolio in Review

As of Q1 2020, Independent Advisor Alliance held 948 positions worth $687M, down 70% from $2.29B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Independent Advisor Alliance withdrew a net $1.42B in Q1 2020, closing 521 positions and reducing 199 holdings. Its most notable exit was Invesco QQQ Trust, an estimated $50.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 6.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.

Against the trend, Independent Advisor Alliance opened a new position in Bilibili worth $1.78M.

  • Independent Advisor Alliance's largest Q1 2020 buy was Bilibili: 76,045 shares worth $1.78M.
  • Independent Advisor Alliance added most to Target in Q1 2020, an estimated $6.07M increase.
  • Independent Advisor Alliance's biggest Q1 2020 reduction was iShares Core S&P 500 ETF, cutting an estimated $86.6M.
  • Independent Advisor Alliance fully exited Invesco QQQ Trust in Q1 2020, selling an estimated $50.6M.
  • Independent Advisor Alliance's ten largest holdings make up 33% of its $687M portfolio in Q1 2020.
  • Independent Advisor Alliance opened 62 new positions and closed 521 in Q1 2020.
  • Independent Advisor Alliance's portfolio value fell 70% quarter-over-quarter to $687M.

Based on Independent Advisor Alliance's 13F filing for Q1 2020, filed 14 May 2020.