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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
FPX icon
551
First Trust US Equity Opportunities ETF
FPX
$1.51B
– –
-3,658
Closed -$294K
FRI icon
552
First Trust S&P REIT Index Fund
FRI
$196M
– –
-14,059
Closed -$367K
FSK icon
553
FS KKR Capital
FSK
$3.44B
– –
-288,102
Closed -$7.07M
FTA icon
554
First Trust Large Cap Value AlphaDEX Fund
FTA
$1.4B
– –
-12,042
Closed -$680K
FTC icon
555
First Trust Large Cap Growth AlphaDEX Fund
FTC
$1.38B
– –
-22,802
Closed -$1.66M
FTSL icon
556
First Trust Senior Loan Fund ETF
FTSL
$2.33B
– –
-97,129
Closed -$4.65M
FTSM icon
557
First Trust Enhanced Short Maturity ETF
FTSM
$6.5B
– –
-238,151
Closed -$14.3M
FUN icon
558
Cedar Fair
FUN
$1.67B
– –
-4,435
Closed -$246K
FV icon
559
First Trust Dorsey Wright Focus 5 ETF
FV
$3.77B
– –
-160,594
Closed -$5.07M
FVC icon
560
First Trust Dorsey Wright Dynamic Focus 5 ETF
FVC
$109M
– –
-17,788
Closed -$491K
FVD icon
561
First Trust Value Line Dividend Fund
FVD
$8.41B
– –
-729,697
Closed -$26.3M
FXD icon
562
First Trust Consumer Discretionary AlphaDEX Fund
FXD
$276M
– –
-4,844
Closed -$220K
FXL icon
563
First Trust Technology AlphaDEX Fund
FXL
$2.79B
– –
-44,174
Closed -$3.21M
FXN icon
564
First Trust Energy AlphaDEX Fund
FXN
$368M
– –
-12,407
Closed -$131K
FXO icon
565
First Trust Financials AlphaDEX Fund
FXO
$1.14B
– –
-85,883
Closed -$2.88M
FXR icon
566
First Trust Industrials/Producer Durables AlphaDEX Fund
FXR
$766M
– –
-5,281
Closed -$238K
FXU icon
567
First Trust Utilities AlphaDEX Fund
FXU
$825M
– –
-108,391
Closed -$3.17M
FYC icon
568
First Trust Small Cap Growth AlphaDEX Fund
FYC
$1.32B
– –
-4,955
Closed -$231K
FYX icon
569
First Trust Small Cap Core AlphaDEX Fund
FYX
$1.4B
– –
-5,964
Closed -$387K
GAB icon
570
Gabelli Equity Trust
GAB
$1.79B
– –
-239,847
Closed -$1.43M
GBDC icon
571
Golub Capital BDC
GBDC
$3.42B
– –
-11,868
Closed -$215K
GDL
572
GDL Fund
GDL
$92.1M
– –
-15,550
Closed -$145K
GDV icon
573
Gabelli Dividend & Income Trust
GDV
$2.66B
– –
-12,012
Closed -$264K
GDX icon
574
VanEck Gold Miners ETF
GDX
$27.4B
– –
-22,235
Closed -$651K
GE icon
575
CALL
GE Aerospace
GE
$384B
– –
-16
Closed -$9K
21 22
23
24 25

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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.