Independence Advisors, LLC

CIK

1679118

Location

WAYNE, PA

Portfolio Value

Small $242,788,189

Diversification

Highly concentrated

Filing Date

Global Rank

#3,086 / 5,416 ▼ 24 · as of Sep 2020

Top Industry

Consumer Electronics 14.7%

Period ended 6 years ago

Filed Nov 4, 2020 · 6y

3 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2020, never from the firm's own description.

Style

Concentrated

The top 10 positions are 85.3% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Horizon unknown

The value-weighted holding period is at least 3.0 quarters, but 98.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 85.9%; sector active share 52.2% against the combined 13F book's sector weights.

Over time 3 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

167 tracked positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020

Top Position

54.1%

+0.2 pts

Top 5

76.7%

−0.5 pts

Top 10

85.3%

−0.1 pts

HHI

3,135

Highly concentrated+4

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2020

Sector	% Portfolio	Value	Positions
Unclassified	82.0%	$199,034,180	103
Technology	4.5%	$10,840,888	7
Consumer Cyclical	2.9%	$7,075,180	8
Healthcare	2.9%	$6,995,443	15
Financial Services	1.9%	$4,703,260	8
Basic Materials	1.6%	$3,996,087	2
Communication Services	1.5%	$3,600,406	8
Consumer Defensive	1.1%	$2,762,468	6
Industrials	0.7%	$1,617,613	6
Utilities	0.6%	$1,401,585	1
Energy	0.2%	$541,965	2
Real Estate	0.1%	$219,114	1

Last Quarter's Activity

Export CSV

Sep 30, 2020 vs Jun 30, 2020

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAPL	Apple Inc.	+41,631	55,445	$6,421,085
EFA	iShares MSCI EAFE ETF	+40,201	840,660	$0
VTV	VANGUARD VALUE INDEX FUND	+23,798	548,263	$57,298,966
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	+6,148	29,668	$1,442,161
MOV	Movado Group Inc	+5,509	16,444	$163,453
VEA	Vanguard FTSE Developed Markets ETF	+4,408	172,171	$7,041,793
BIV	Vanguard Bond Index Funds	+2,695	303,165	$28,339,864
SCHZ	Schwab U.S. Aggregate Bond ETF	+729	1,028	$57,650
SCHO	Schwab Short-Term U.S. Treasury ETF	+381	547	$28,170
IEFA	iShares Core MSCI EAFE ETF	+253	1,194	$0
PGR	Progressive Corp	+245	2,773	$262,519
V	Visa Inc.	+240	5,102	$1,020,246
AAXJ	iShares Trust	+196	302	$23,000
—		+170	32,066	$3,185,115
CVX	Chevron Corp	+160	3,823	$275,256
XOM	ExxonMobil Holdings Corp	+112	7,769	$266,709
XLI	State Street(R) Industrial Select Sector SPDR(R) ETF	+98	841	$64,740
MBB	iShares MBS ETF	+56	451	$0
MCD	Mcdonalds Corp	+48	20,649	$4,532,249
VDE	VANGUARD ENERGY INDEX FUND	+39	9,744	$392,780
AMZN	Amazon Com Inc	+39	243	$765,141
SCHB	Schwab U.S. Broad Market ETF	+31	528	$42,049
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	+22	350	$0
HON	Honeywell International Inc	+22	1,773	$291,853
XLE	State Street(R) Energy Select Sector SPDR(R) ETF	+19	1,157	$34,652
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
VUG	VANGUARD GROWTH INDEX FUND	−13,983	241,418	$54,949,150
IWF	iShares Russell 1000 Growth ETF	−8,537	258,527	$0
IVW	iShares S&P 500 Growth ETF	−5,258	147,850	$0
EFV	iShares MSCI EAFE Value ETF	−4,646	336,310	$0
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	−2,849	54,867	$6,069,936
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	−2,751	43,964	$4,628,969
MUB	iShares National Muni Bond ETF	−2,636	67,685	$0
SUB	iShares Short-Term National Muni Bond ETF	−1,542	103,005	$0
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	−1,404	130,833	$5,657,218
XLF	State Street Corp	−1,209	3,127	$75,266
IWD	iShares Russell 1000 Value ETF	−1,158	124,033	$0
IVE	iShares S&P 500 Value ETF	−1,157	134,559	$0
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−1,111	113,507	$6,179,321
EEM	iShares MSCI Emerging Markets ETF	−921	62,850	$2,771,056
KO	Coca Cola Co	−876	6,532	$322,484
ORCL	Oracle Corp	−626	8,428	$503,151
IWM	iShares Russell 2000 ETF	−404	16,292	$0
IJS	iShares S&P Small-Cap 600 Value ETF	−306	47,444	$0
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	−300	23,002	$4,943,819
VNQ	VANGUARD REAL ESTATE INDEX FUND	−291	15,698	$1,239,514
WTRG	Essential Utilities, Inc.	−270	34,822	$1,401,585
SCZ	iShares MSCI EAFE Small-Cap ETF	−251	90,989	$0
MRK	Merck & Co., Inc.	−248	7,567	$627,682
IBM	International Business Machines Corp	−237	2,217	$269,742
VOO	VANGUARD 500 INDEX FUND	−223	21,988	$6,764,608
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
BRK-B	Berkshire Hathaway Inc	2,661	$566,633
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	2,819	$270,060
ANVS	Annovis Bio, Inc.	45,598	$219,326
TSLA	Tesla, Inc.	508	$217,937
NFLX	Netflix Inc	431	$215,512
MKC	Mccormick & Co Inc	1,086	$210,792
GDX	VanEck Gold Miners ETF	2,379	$93,161
GDXJ	VanEck Junior Gold Miners ETF	1,564	$86,583
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	292	$24,192
SCHQ	Schwab Long-Term U.S. Treasury ETF	37	$2,098
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
CSCO	Cisco Systems, Inc.	4,611	$215,057
ADP	Automatic Data Processing Inc	1,421	$211,572
RPM	Rpm International Inc	2,748	$206,264
PHYS	Sprott Physical Gold Trust	11,027	$157,796
GE	General Electric Co	10,436	$71,277
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

167 tracked positions · $242,788,189 total · filing declares 170 positions · $465,933,000 · as of Sep 30, 2020

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 167 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VTV	VANGUARD VALUE INDEX FUND	Added	548,263	+23,798	$57,298,966	+9.7%	3+	before history	23.60%
VUG	VANGUARD GROWTH INDEX FUND	Reduced	241,418	-13,983	$54,949,150	+6.5%	3+	before history	22.63%
BIV	Vanguard Bond Index Funds	Added	303,165	+2,695	$28,339,864	+1.2%	3+	before history	11.67%
VEA	Vanguard FTSE Developed Markets ETF	Added	172,171	+4,408	$7,041,793	+8.2%	3+	before history	2.90%
VOO	VANGUARD 500 INDEX FUND	Reduced	21,988	-223	$6,764,608	+7.5%	3+	before history	2.79%
AAPL	Apple Inc. Technology	Added	55,445	+41,631	$6,421,085	+27.4%	3+	before history	2.64%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	113,507	-1,111	$6,179,321	−0.4%	3+	before history	2.55%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	54,867	-2,849	$6,069,936	−1.6%	3+	before history	2.50%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Reduced	130,833	-1,404	$5,657,218	+8.0%	3+	before history	2.33%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Reduced	23,002	-300	$4,943,819	+6.3%	3+	before history	2.04%
VSS	VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP INDEX FUND	Reduced	43,964	-2,751	$4,628,969	+2.6%	3+	before history	1.91%
MCD	Mcdonalds Corp Consumer Cyclical	Added	20,649	+48	$4,532,249	+19.3%	3+	before history	1.87%
PPG	Ppg Industries Inc Basic Materials	Held	30,191	0	$3,685,717	+15.1%	3+	before history	1.52%
		Added	32,066	+170	$3,185,115	+2.5%	3+	before history	1.31%
EEM	iShares MSCI Emerging Markets ETF	Reduced	62,850	-921	$2,771,056	+8.7%	3+	before history	1.14%
MSFT	Microsoft Corp Technology	Held	12,686	0	$2,668,246	+3.4%	3+	before history	1.10%
		Held	44,850	0	$2,236,669	0.0%	3+	before history	0.92%
PFE	Pfizer Inc Healthcare	Held	41,374	0	$1,518,424	+12.2%	3+	before history	0.63%
BMTC	Fulton Financial Corp Financial Services	Held	59,168	0	$1,472,000	−10.1%	3+	before history	0.61%
VNQI	VANGUARD GLOBAL EX-U.S. REAL ESTATE INDEX FUND	Added	29,668	+6,148	$1,442,161	+31.4%	3+	before history	0.59%
WTRG	Essential Utilities, Inc. Utilities	Reduced	34,822	-270	$1,401,585	−5.4%	3+	before history	0.58%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	15,698	-291	$1,239,514	−1.3%	3+	before history	0.51%
JNJ	Johnson & Johnson Healthcare	Reduced	7,170	-45	$1,067,469	+5.2%	3+	before history	0.44%
V	Visa Inc. Financial Services	Added	5,102	+240	$1,020,246	+8.6%	3+	before history	0.42%
CL	Colgate Palmolive Co Consumer Defensive	Held	12,963	0	$1,000,095	+5.3%	3+	before history	0.41%
		Held	18,930	0	$983,034	+0.5%	3+	before history	0.40%
GOOGL	Alphabet Inc. Communication Services	Reduced	654	-25	$958,502	−0.5%	3+	before history	0.39%
GOOG	Alphabet Inc. Communication Services	Reduced	651	-108	$957,000	−10.8%	3+	before history	0.39%
VV	VANGUARD LARGE-CAP INDEX FUND	Reduced	5,854	-100	$915,799	+7.6%	3+	before history	0.38%
AMGN	Amgen Inc Healthcare	Held	3,340	0	$848,894	+7.8%	3+	before history	0.35%
MA	Mastercard Inc Financial Services	Held	2,443	0	$826,149	+14.4%	3+	before history	0.34%
AMZN	Amazon Com Inc Consumer Cyclical	Added	243	+39	$765,141	+36.0%	3+	before history	0.32%
CSX	Csx Corp Industrials	Held	8,592	0	$667,340	+11.4%	3+	before history	0.27%
MRK	Merck & Co., Inc. Healthcare	Reduced	7,567	-248	$627,682	+3.9%	3+	before history	0.26%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Held	7,232	0	$600,617	−0.1%	3+	before history	0.25%
BRK-B	Berkshire Hathaway Inc Financial Services	NEW	2,661	NEW	$566,633	NEW	1	$204.56	0.23%
WMT	Walmart Inc. Consumer Defensive	Added	3,999	+7	$559,500	+17.0%	3+	before history	0.23%
ORCL	Oracle Corp Technology	Reduced	8,428	-626	$503,151	+0.5%	2	$52.98	0.21%
HD	Home Depot, Inc. Consumer Cyclical	Held	1,790	0	$497,100	+10.9%	3+	before history	0.20%
DIS	Walt Disney Co Communication Services	Reduced	3,953	-58	$490,488	+9.7%	3+	before history	0.20%
CMCSA	Comcast Corp Communication Services	Reduced	10,511	-32	$486,238	+18.3%	3+	before history	0.20%
COST	Costco Wholesale Corp Consumer Defensive	Held	1,258	0	$446,590	+17.1%	3+	before history	0.18%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Held	4,874	0	$429,984	−0.1%	3+	before history	0.18%
NKE	NIKE, Inc. Consumer Cyclical	Held	3,186	0	$399,970	+28.0%	3+	before history	0.16%
ISRG	Intuitive Surgical Inc Healthcare	Held	562	0	$398,761	+24.5%	3+	before history	0.16%
VDE	VANGUARD ENERGY INDEX FUND	Added	9,744	+39	$392,780	−19.5%	3+	before history	0.16%
INTU	Intuit Inc. Technology	Held	1,172	0	$382,318	+10.1%	3+	before history	0.16%
ZTS	Zoetis Inc. Healthcare	Added	2,299	+6	$380,185	+21.0%	3+	before history	0.16%
TFX	Teleflex Inc Healthcare	Held	1,074	0	$365,611	−6.5%	3+	before history	0.15%
ABBV	AbbVie Inc. Healthcare	Added	3,929	+17	$344,141	−10.4%	3+	before history	0.14%

Showing the top 50 of 167 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.