Independence Advisors 13F annual report
Independence Advisors is an investment fund managing more than $466 million ran by Leslie Young. There are currently 79 companies in Mrs. Young’s portfolio. The largest investments include Vanguard Index Fds and Ishares Tr, together worth $361 million.
$466 million Assets Under Management (AUM)
As of 28th October 2020, Independence Advisors’s top holding is 913,512 shares of Vanguard Index Fds currently worth over $133 million and making up 28.5% of the portfolio value.
In addition, the fund holds 2,284,475 shares of Ishares Tr worth $229 million.
The third-largest holding is Vanguard Bd Index Fds worth $29.4 million and the next is Vanguard Tax-managed Intl Fd worth $7.04 million, with 172,171 shares owned.
Currently, Independence Advisors's portfolio is worth at least $466 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Independence Advisors
The Independence Advisors office and employees reside in Wayne, Pennsylvania. According to the last 13-F report filed with the SEC, Leslie Young serves as the Chief Compliance Officer at Independence Advisors.
Recent trades
In the most recent 13F filing, Independence Advisors revealed that it had opened a new position in
Berkshire Hathaway and bought 2,661 shares worth $567 thousand.
This means they effectively own approximately 0.1% of the company.
Berkshire Hathaway makes up
20.8%
of the fund's Finance sector allocation and has decreased its share price by 4.3% in the past year.
The investment fund also strengthened its position in Vanguard Index Fds by buying
6,053 additional shares.
This makes their stake in Vanguard Index Fds total 913,512 shares worth $133 million.
On the other hand, there are companies that Independence Advisors is getting rid of from its portfolio.
Independence Advisors closed its position in Cisco Sys Inc on 4th November 2020.
It sold the previously owned 4,611 shares for $215 thousand.
Leslie Young also disclosed a decreased stake in Vanguard Mun Bd Fds by approximately 0.1%.
This leaves the value of the investment at $6.18 million and 113,507 shares.
One of the average hedge funds
The two most similar investment funds to Independence Advisors are Gerber Kawasaki Wealth & Investment Management and Jnba Advisors. They manage $466 million and $466 million respectively.
Leslie Young investment strategy
Independence Advisors’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 1.9% of
the total portfolio value.
The fund focuses on investments in the United States as
59.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
49% of the total holdings value.
On the other hand, small-cap stocks make up only 2.5% of the portfolio.
The average market cap of the portfolio companies is close to $274 billion.
The complete list of Independence Advisors trades based on 13F SEC filings
These positions were updated on November 4th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Index Fds |
0.67%
913,512
|
$132,585,000 | 28.46% |
| Ishares Tr |
0.60%
2,284,475
|
$228,664,000 | 49.08% |
| Vanguard Bd Index Fds |
0.86%
315,271
|
$29,371,000 | 6.30% |
| Vanguard Tax-managed Intl Fd |
2.63%
172,171
|
$7,042,000 | 1.51% |
| Apple, Inc. |
301.37%
55,445
|
$6,421,000 | 1.38% |
| Vanguard Mun Bd Fds |
0.97%
113,507
|
$6,179,000 | 1.33% |
| Vanguard Intl Equity Index F |
0.89%
209,546
|
$12,101,000 | 2.60% |
| Mcdonalds Corp |
0.23%
20,649
|
$4,532,000 | 0.97% |
| Ppg Inds Inc |
No change
30,191
|
$3,686,000 | 0.79% |
| Microsoft Corp. |
No change
12,686
|
$2,668,000 | 0.57% |
| Spdr Ser Tr |
No change
63,924
|
$3,227,000 | 0.69% |
| Pfizer Inc. |
No change
41,374
|
$1,518,000 | 0.33% |
| Bryn Mawr Bk Corp |
No change
59,168
|
$1,472,000 | 0.32% |
| Essential Utils Inc |
0.77%
34,822
|
$1,402,000 | 0.30% |
| Johnson & Johnson |
0.62%
7,170
|
$1,067,000 | 0.23% |
| Visa, Inc. |
4.94%
5,102
|
$1,020,000 | 0.22% |
| Colgate-Palmolive Co. |
No change
12,963
|
$1,000,000 | 0.21% |
| Alphabet, Inc. |
9.25%
1,305
|
$1,916,000 | 0.41% |
| Amgen, Inc. |
No change
3,340
|
$849,000 | 0.18% |
| Mastercard, Inc. |
No change
2,443
|
$826,000 | 0.18% |
| Amazon.com, Inc. |
19.12%
243
|
$765,000 | 0.16% |
| CSX Corp. |
No change
8,592
|
$667,000 | 0.14% |
| Merck & Co., Inc. |
3.17%
7,567
|
$628,000 | 0.13% |
| Berkshire Hathaway Inc. |
Opened
2,661
|
$567,000 | 0.12% |
| Walmart, Inc. |
0.18%
3,999
|
$560,000 | 0.12% |
| Oracle Corp. |
6.91%
8,428
|
$503,000 | 0.11% |
| The Home Depot, Inc. |
No change
1,790
|
$497,000 | 0.11% |
| Disney Walt Co |
1.45%
3,953
|
$490,000 | 0.11% |
| Comcast Corp New |
0.30%
10,511
|
$486,000 | 0.10% |
| Costco Whsl Corp New |
No change
1,258
|
$447,000 | 0.10% |
| Ishares U S Etf Tr |
No change
7,995
|
$401,000 | 0.09% |
| NIKE, Inc. |
No change
3,186
|
$400,000 | 0.09% |
| Intuitive Surgical, Inc. |
No change
562
|
$399,000 | 0.09% |
| Vanguard World Fds |
0.40%
9,882
|
$421,000 | 0.09% |
| Intuit, Inc. |
No change
1,172
|
$382,000 | 0.08% |
| Zoetis, Inc. |
0.26%
2,299
|
$380,000 | 0.08% |
| Teleflex, Inc. |
No change
1,074
|
$366,000 | 0.08% |
| AbbVie, Inc. |
0.43%
3,929
|
$344,000 | 0.07% |
| VeriSign, Inc. |
No change
1,623
|
$332,000 | 0.07% |
| Kansas City Southern |
No change
1,783
|
$322,000 | 0.07% |
| The Coca-Cola Co. |
11.83%
6,532
|
$322,000 | 0.07% |
| Air Prods & Chems Inc |
8.76%
1,042
|
$310,000 | 0.07% |
| UnitedHealth Group, Inc. |
1.05%
963
|
$300,000 | 0.06% |
| Honeywell International, Inc. |
1.26%
1,773
|
$292,000 | 0.06% |
| Schwab Strategic Tr |
16.21%
8,439
|
$532,000 | 0.11% |
| Select Sector Spdr Tr |
12.72%
10,244
|
$722,000 | 0.15% |
| Chevron Corp. |
4.37%
3,823
|
$275,000 | 0.06% |
| International Business Machs |
9.66%
2,217
|
$270,000 | 0.06% |
| Vanguard Scottsdale Fds |
Opened
3,111
|
$294,000 | 0.06% |
| Exxon Mobil Corp. |
1.46%
7,769
|
$267,000 | 0.06% |
| Booking Holdings, Inc. |
9.88%
155
|
$265,000 | 0.06% |
| Texas Instrs Inc |
No change
1,848
|
$264,000 | 0.06% |
| Abbott Labs |
No change
2,417
|
$263,000 | 0.06% |
| Progressive Corp. |
9.69%
2,773
|
$263,000 | 0.06% |
| Facebook, Inc. |
No change
1,002
|
$262,000 | 0.06% |
| Travelers Companies Inc |
No change
2,274
|
$246,000 | 0.05% |
| The TJX Cos., Inc. |
1.43%
4,208
|
$234,000 | 0.05% |
| Wsfs Finl Corp |
No change
8,692
|
$234,000 | 0.05% |
| Lilly Eli & Co |
1.29%
1,527
|
$226,000 | 0.05% |
| Verizon Communications, Inc. |
No change
3,781
|
$225,000 | 0.05% |
| Global Pmts Inc |
No change
1,260
|
$224,000 | 0.05% |
| Pepsico Inc |
No change
1,609
|
$223,000 | 0.05% |
| The Boeing Co. |
No change
1,338
|
$221,000 | 0.05% |
| Annovis Bio, Inc. |
Opened
45,598
|
$219,000 | 0.05% |
| Crown Castle Intl Corp New |
No change
1,316
|
$219,000 | 0.05% |
| Tesla, Inc. |
Opened
508
|
$218,000 | 0.05% |
| Netflix, Inc. |
Opened
431
|
$216,000 | 0.05% |
| Novo-nordisk A S |
No change
3,115
|
$216,000 | 0.05% |
| Cisco Sys Inc |
Closed
4,611
|
$215,000 | |
| Automatic Data Processing In |
Closed
1,421
|
$212,000 | |
| McCormick & Co., Inc. |
Opened
1,086
|
$211,000 | 0.05% |
| Bristol Myers Squibb Co. |
0.18%
3,433
|
$207,000 | 0.04% |
| RPM International, Inc. |
Closed
2,748
|
$206,000 | |
| Bloom Energy Corp. |
No change
10,348
|
$186,000 | 0.04% |
| Movado Group, Inc. |
50.38%
16,444
|
$163,000 | 0.03% |
| Accelerate Diagnostics, Inc. |
No change
13,000
|
$139,000 | 0.03% |
| Vaneck Vectors Etf Tr |
Opened
4,978
|
$202,000 | 0.04% |
| General Electric Co. |
Closed
10,436
|
$71,000 | |
| Republic First Bancorp, Inc. |
No change
26,597
|
$53,000 | 0.01% |
| Kopin Corp. |
No change
20,000
|
$28,000 | 0.01% |
| Cellectar BioSciences, Inc. |
No change
10,000
|
$12,000 | 0.00% |
| Globalstar, Inc. |
No change
17,136
|
$5,000 | 0.00% |
| Schwab Strategic Tr |
Opened
37
|
$2,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 83 holdings | |||
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