Independence Advisors, LLC

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CIK 1679118

13F portfolio (2020-Q3)

$466M

Positions

170

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2020-Q2. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

Open in PORT →

As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2020-Q3)

Holdings

170

Top 5

54.9%

Top 10

72.7%

Effective N

14.0

HHI

0.072

This quarter

11 new · 0 exit →

By sector

Unclassified90.9%

Information Technology2.4%

Consumer Discretionary1.6%

Health Care1.4%

Materials1.2%

Communication Services0.8%

Financials0.7%

Industrials0.4%

Other0.6%

By market cap

Unknown91.0%

Mega (>$200B)4.7%

Large ($10–200B)4.1%

Mid ($2–10B)0.1%

Micro (<$300M)0.0%

Small ($300M–2B)0.0%

By region

Other90.9%

North America9.1%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	91.06%	109
Technology Hardware & Equipment	1.47%	3
Pharmaceuticals & Biotechnology	1.27%	12
Chemicals	1.16%	4
Hotels, Restaurants & Leisure	0.97%	1
Software	0.76%	3
Software & IT Services	0.54%	4
Specialty Retail	0.54%	5
Commercial Services & Supplies	0.44%	3
Utilities	0.30%	1
Insurance	0.17%	3
Health Care Equipment & Supplies	0.16%	2
Media & Entertainment	0.15%	2
Road & Rail	0.14%	1
Beverages	0.12%	2
Oil, Gas & Consumable Fuels	0.12%	2
Aerospace & Defense	0.11%	2
Entertainment	0.11%	1
Semiconductors & Semiconductor Equipment	0.06%	2
Transportation Infrastructure	0.06%	1
Banks	0.05%	1
Diversified Telecommunication Services	0.05%	2
Equity Real Estate Investment Trusts (REITs)	0.05%	1
Automobiles & Components	0.05%	1
Food Products	0.05%	1
Electrical Equipment & Components	0.04%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	VTV	VANGUARD INDEX FDS	Unclassified	12.30%
2	IWF	ISHARES TR	Unclassified	12.03%
3	VUG	VANGUARD INDEX FDS	Unclassified	11.79%
4	EFA	ISHARES TR	Unclassified	11.48%
5	IVW	ISHARES TR	Unclassified	7.33%
6	BIV	VANGUARD BD INDEX FDS	Unclassified	6.08%
7	IVE	ISHARES TR	Unclassified	3.25%
8	IWD	ISHARES TR	Unclassified	3.14%
9	EFV	ISHARES TR	Unclassified	2.91%
10	SUB	ISHARES TR	Unclassified	2.39%

62/170 names classified · sector 9.1% of weight · industry 8.9% · mkt cap 9.0%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 18 quarters

Health CarePFE, JNJ, MRK, AMGN, ABBV · other

Information TechnologyAAPL, MSFT, IBM, GE, ORCL · other

MaterialsPPG, CL, KMB, PG, FNV · other

Consumer DiscretionaryMCD, WMT, HD, AMZN, COST · other

Communication ServicesGOOG, GOOGL, DIS, VZ, CMCSA · other

FinancialsV, MA, WSFS, WFC, BRK.B · other

Consumer StaplesCPB, MO, KO, PEP, PM · other

IndustrialsCSX, BA, HON, MMM, TDY · other

EnergyXOM, CVX, SLB

Utilities

Real Estate

UnclassifiedVTV, IWF, VUG, EFA, BIV · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 9.1% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2020-Q3), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 9% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (57 classified)Independence Advisors, LLC centroid (Large Core)

Information TechnologyConsumer DiscretionaryHealth CareMaterialsCommunication ServicesFinancialsIndustrialsUtilitiesConsumer StaplesEnergyReal Estate

Style box summary for Independence Advisors, LLC: centroid Large Core. Heaviest cells: Large Growth 3.6%, Large Value 2.1%, Large Core 1.3%.

Classified: 8.8% of book weight (57/166 names) · unclassified 91.2%: VTV, IWF, VUG, EFA, IVW, BIV, IVE, IWD, EFV, SUB +99 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 170 positions (2020-Q3) · largest first · Δ vs 2020-Q2

#	Security	Shares	Value	Weight	Δ QoQ
1	VTVVANGUARD INDEX FDS	548,263	$57M	12.3%	ADD 5%
2	IWFISHARES TR	258,527	$56M	12.0%	TRIM −3%
3	VUGVANGUARD INDEX FDS	241,418	$55M	11.8%	TRIM −5%
4	EFAISHARES TR	840,660	$54M	11.5%	ADD 5%
5	IVWISHARES TR	147,850	$34M	7.3%	TRIM −3%
6	BIVVANGUARD BD INDEX FDS	303,165	$28M	6.1%	HOLD
7	IVEISHARES TR	134,559	$15M	3.2%	HOLD
8	IWDISHARES TR	124,033	$15M	3.1%	HOLD
9	EFVISHARES TR	336,310	$14M	2.9%	HOLD
10	SUBISHARES TR	103,005	$11M	2.4%	HOLD
11	MUBISHARES TR	67,685	$8M	1.7%	TRIM −4%
12	VEAVANGUARD TAX-MANAGED FDS	172,171	$7M	1.5%	ADD 3%
13	VOOVANGUARD INDEX FDS	21,988	$7M	1.5%	HOLD
14	AAPLAPPLE INC	55,445	$6M	1.4%	ADD 301%
15	VTEBVANGUARD MUN BD FDS	113,507	$6M	1.3%	HOLD
16	VBRVANGUARD INDEX FDS	54,867	$6M	1.3%	TRIM −5%
17	IJSISHARES TR	47,444	$6M	1.2%	HOLD
18	VWOVANGUARD INTL EQUITY INDEX F	130,833	$6M	1.2%	HOLD
19	SCZISHARES TR	90,989	$5M	1.2%	HOLD
20	VBKVANGUARD INDEX FDS	23,002	$5M	1.1%	HOLD
21	VSSVANGUARD INTL EQUITY INDEX F	43,964	$5M	1.0%	TRIM −6%
22	MCDMCDONALDS CORP	20,649	$5M	1.0%	HOLD
23	PPGPPG INDS INC	30,191	$4M	0.8%	HOLD
24	IWNISHARES TR	32,066	$3M	0.7%	HOLD
25	EEMISHARES TR	62,850	$3M	0.6%	HOLD
26	MSFTMICROSOFT CORP	12,686	$3M	0.6%	HOLD
27	IWMISHARES TR	16,292	$2M	0.5%	TRIM −2%
28	SHMSPDR SERIES TRUST	44,850	$2M	0.5%	HOLD
29	PFEPFIZER INC	41,374	$2M	0.3%	HOLD
30	BRYN MAWR BK CORP	59,168	$1M	0.3%	HOLD
31	VNQIVANGUARD INTL EQUITY INDEX F	29,668	$1M	0.3%	ADD 26%
32	WTRGESSENTIAL UTILS INC	34,822	$1M	0.3%	HOLD
33	VNQVANGUARD INDEX FDS	15,698	$1M	0.3%	HOLD
34	JNJJOHNSON & JOHNSON	7,170	$1M	0.2%	HOLD
35	VVISA INC	5,102	$1M	0.2%	ADD 5%
36	CLCOLGATE PALMOLIVE CO	12,963	$1M	0.2%	HOLD
37	TFISPDR SERIES TRUST	18,930	$983,000	0.2%	HOLD
38	GOOGLALPHABET INC	654	$959,000	0.2%	TRIM −4%
39	GOOGALPHABET INC	651	$957,000	0.2%	TRIM −14%
40	VVVANGUARD INDEX FDS	5,854	$916,000	0.2%	HOLD
41	AMGNAMGEN INC	3,340	$849,000	0.2%	HOLD
42	MAMASTERCARD INCORPORATED	2,443	$826,000	0.2%	HOLD
43	IVVISHARES TR	2,279	$766,000	0.2%	HOLD
44	AMZNAMAZON COM INC	243	$765,000	0.2%	ADD 19%
45	CSXCSX CORP	8,592	$667,000	0.1%	HOLD
46	MRKMERCK & CO INC	7,567	$628,000	0.1%	TRIM −3%
47	BSVVANGUARD BD INDEX FDS	7,232	$601,000	0.1%	HOLD
48	BRK.BBERKSHIRE HATHAWAY INC DEL	2,661	$567,000	0.1%	NEW
49	WMTWALMART INC	3,999	$560,000	0.1%	HOLD
50	ORCLORACLE CORP	8,428	$503,000	0.1%	TRIM −7%
51	HDHOME DEPOT INC	1,790	$497,000	0.1%	HOLD
52	DISDISNEY WALT CO	3,953	$490,000	0.1%	HOLD
53	CMCSACOMCAST CORP NEW	10,511	$486,000	0.1%	HOLD
54	COSTCOSTCO WHSL CORP NEW	1,258	$447,000	0.1%	HOLD
55	BNDVANGUARD BD INDEX FDS	4,874	$430,000	0.1%	HOLD
56	MEARISHARES U S ETF TR	7,995	$401,000	0.1%	HOLD
57	NKENIKE INC	3,186	$400,000	0.1%	HOLD
58	ISRGINTUITIVE SURGICAL INC	562	$399,000	0.1%	HOLD
59	VDEVANGUARD WORLD FD	9,744	$393,000	0.1%	HOLD
60	INTUINTUIT	1,172	$382,000	0.1%	HOLD
61	ZTSZOETIS INC	2,299	$380,000	0.1%	HOLD
62	TFXTELEFLEX INCORPORATED	1,074	$366,000	0.1%	HOLD
63	ABBVABBVIE INC	3,929	$344,000	0.1%	HOLD
64	VRSNVERISIGN INC	1,623	$332,000	0.1%	HOLD
65	KOCOCA COLA CO	6,532	$322,000	0.1%	TRIM −12%
66	KANSAS CITY SOUTHERN	1,783	$322,000	0.1%	HOLD
67	VTVANGUARD INTL EQUITY INDEX F	3,884	$313,000	0.1%	TRIM −3%
68	APDAIR PRODS & CHEMS INC	1,042	$310,000	0.1%	TRIM −9%
69	VTIVANGUARD INDEX FDS	1,777	$303,000	0.1%	HOLD
70	UNHUNITEDHEALTH GROUP INC	963	$300,000	0.1%	HOLD
71	IWBISHARES TR	1,587	$297,000	0.1%	TRIM −5%
72	HONHONEYWELL INTL INC	1,773	$292,000	0.1%	HOLD
73	SCHXSCHWAB U.S. LARGE-CAP ETF	3,588	$289,000	0.1%	HOLD
74	XLKSELECT SECTOR SPDR TR	2,453	$286,000	0.1%	TRIM −5%
75	CVXCHEVRON CORP NEW	3,823	$275,000	0.1%	ADD 4%
76	IJTISHARES TR	1,553	$274,000	0.1%	HOLD
77	IBMINTERNATIONAL BUSINESS MACHS	2,217	$270,000	0.1%	TRIM −10%
78	VCITVANGUARD SCOTTSDALE FDS	2,819	$270,000	0.1%	NEW
79	XOMEXXON MOBIL CORP	7,769	$267,000	0.1%	HOLD
80	BKNGBOOKING HOLDINGS INC	155	$265,000	0.1%	TRIM −10%
81	TXNTEXAS INSTRS INC	1,848	$264,000	0.1%	HOLD
82	ABTABBOTT LABS	2,417	$263,000	0.1%	HOLD
83	PGRPROGRESSIVE CORP	2,773	$263,000	0.1%	ADD 10%
84	METAMETA PLATFORMS INC	1,002	$262,000	0.1%	HOLD
85	AGGISHARES TR	2,111	$249,000	0.1%	HOLD
86	TRVTRAVELERS COMPANIES INC	2,274	$246,000	0.1%	HOLD
87	TJXTJX COS INC NEW	4,208	$234,000	0.1%	HOLD
88	WSFSWSFS FINL CORP	8,692	$234,000	0.1%	HOLD
89	LLYELI LILLY & CO	1,527	$226,000	0.0%	HOLD
90	VZVERIZON COMMUNICATIONS INC	3,781	$225,000	0.0%	HOLD
91	GPNGLOBAL PMTS INC	1,260	$224,000	0.0%	HOLD
92	PEPPEPSICO INC	1,609	$223,000	0.0%	HOLD
93	BABOEING CO	1,338	$221,000	0.0%	HOLD
94	ANVSANNOVIS BIO INC	45,598	$219,000	0.0%	NEW
95	CCICROWN CASTLE INC	1,316	$219,000	0.0%	HOLD
96	TSLATESLA INC	508	$218,000	0.0%	NEW
97	NFLXNETFLIX INC	431	$216,000	0.0%	NEW
98	NVONOVO-NORDISK A S	3,115	$216,000	0.0%	HOLD
99	MKCMCCORMICK & CO INC	1,086	$211,000	0.0%	NEW
100	BMYBRISTOL-MYERS SQUIBB CO	3,433	$207,000	0.0%	HOLD
101	IWOISHARES TR	933	$207,000	0.0%	HOLD
102	BEBLOOM ENERGY CORP	10,348	$186,000	0.0%	HOLD
103	MOVMOVADO GROUP INC	16,444	$163,000	0.0%	ADD 50%
104	IXUSISHARES TR	2,669	$156,000	0.0%	HOLD
105	ACCELERATE DIAGNOSTICS INC	13,000	$139,000	0.0%	HOLD
106	IBBISHARES TR	840	$114,000	0.0%	HOLD
107	XLVSELECT SECTOR SPDR TR	1,000	$105,000	0.0%	TRIM −3%
108	TIPISHARES TR	748	$95,000	0.0%	TRIM −3%
109	GDXVANECK ETF TRUST GOLD MINERS ETF	2,379	$93,000	0.0%	NEW
110	XLYSELECT SECTOR SPDR TR	600	$88,000	0.0%	TRIM −4%
111	GDXJVANECK ETF TRUST	1,564	$87,000	0.0%	NEW
112	ITAIShares U.S. Aerospace & Defense ETF	501	$79,000	0.0%	HOLD
113	VBVANGUARD INDEX FDS	513	$79,000	0.0%	HOLD
114	ICFIShares Cohen & Steers REIT ETF	747	$76,000	0.0%	HOLD
115	IJHISHARES TR	406	$75,000	0.0%	TRIM −35%
116	XLFSELECT SECTOR SPDR TR	3,127	$75,000	0.0%	TRIM −28%
117	IEFAISHARES TR	1,194	$72,000	0.0%	ADD 27%
118	XLISELECT SECTOR SPDR TR	841	$65,000	0.0%	ADD 13%
119	SCHZSCHWAB STRATEGIC TR	1,028	$58,000	0.0%	ADD 244%
120	IGIBISHARES TR	901	$55,000	0.0%	HOLD
121	SHYISHARES TR	607	$53,000	0.0%	HOLD
122	FRBKQREPUBLIC FIRST BANCORP INC	26,597	$53,000	0.0%	HOLD
123	VEUVANGUARD INTL EQUITY INDEX F	1,055	$53,000	0.0%	HOLD
124	MBBISHARES TR	451	$50,000	0.0%	ADD 14%
125	ITOTISHARES TR	650	$49,000	0.0%	HOLD
126	LQDISHARES TR	350	$47,000	0.0%	ADD 7%
127	IWRISHARES TR	800	$46,000	0.0%	HOLD
128	SCHASCHWAB STRATEGIC TR	652	$45,000	0.0%	HOLD
129	SCHBSCHWAB STRATEGIC TR	528	$42,000	0.0%	ADD 6%
130	SCHCSCHWAB STRATEGIC TR	1,209	$39,000	0.0%	HOLD
131	IWSISHARES TR	455	$37,000	0.0%	HOLD
132	XLESELECT SECTOR SPDR TR	1,157	$35,000	0.0%	HOLD
133	XLBSELECT SECTOR SPDR TR	519	$33,000	0.0%	HOLD
134	IGSBISHARES TR	591	$32,000	0.0%	HOLD
135	IUSGISHARES TR	382	$31,000	0.0%	HOLD
136	IJRISHARES TR	411	$29,000	0.0%	HOLD
137	KOPNKOPIN CORP	20,000	$28,000	0.0%	HOLD
138	SCHOSCHWAB SHORT-TERM US TREASURY ETF	547	$28,000	0.0%	ADD 230%
139	VHTVANGUARD WORLD FD	138	$28,000	0.0%	HOLD
140	XLPSELECT SECTOR SPDR TR	385	$25,000	0.0%	TRIM −32%
141	IEIISHARES TR	180	$24,000	0.0%	ADD 8%
142	VCSHVANGUARD SCOTTSDALE FDS	292	$24,000	0.0%	NEW
143	AAXJISHARES TR	302	$23,000	0.0%	ADD 185%
144	VANECK ETF TR RUSSIA ETF	1,035	$22,000	0.0%	NEW
145	IWVISHARES TR	86	$17,000	0.0%	HOLD
146	IYWISHARES TR	49	$15,000	0.0%	TRIM −51%
147	CLRBCELLECTAR BIOSCIENCES INC	10,000	$12,000	0.0%	HOLD
148	SCHFSCHWAB STRATEGIC TR	335	$11,000	0.0%	ADD 3%
149	VXFVANGUARD INDEX FDS	85	$11,000	0.0%	HOLD
150	ILCVISHARES TR	100	$10,000	0.0%	HOLD
151	MXIISHARES TR	145	$10,000	0.0%	HOLD
152	SCHESCHWAB STRATEGIC TR	356	$10,000	0.0%	ADD 3%
153	XLUSELECT SECTOR SPDR TR	162	$10,000	0.0%	TRIM −21%
154	TLTISHARES TR	54	$9,000	0.0%	ADD 10%
155	IYTISHARES TR	37	$7,000	0.0%	HOLD
156	VGKVANGUARD INTL EQUITY INDEX F	142	$7,000	0.0%	HOLD
157	VOVANGUARD INDEX FDS	33	$6,000	0.0%	HOLD
158	GSATGLOBALSTAR INC	17,136	$5,000	0.0%	HOLD
159	IYRISHARES TR	63	$5,000	0.0%	HOLD
160	XOPSPDR SERIES TRUST	125	$5,000	0.0%	HOLD
161	SCHMSCHWAB STRATEGIC TR	83	$5,000	0.0%	HOLD
162	BRISTOL-MYERS SQUIBB CO	1,200	$3,000	0.0%	HOLD
163	VOTVANGUARD INDEX FDS	14	$3,000	0.0%	HOLD
164	IJKISHARES TR	9	$2,000	0.0%	HOLD
165	IJJISHARES TR	14	$2,000	0.0%	HOLD
166	QUSSPDR SERIES TRUST	19	$2,000	0.0%	HOLD
167	SCHQSCHWAB STRATEGIC TR	37	$2,000	0.0%	NEW
168	SCHKSCHWAB STRATEGIC TR	53	$2,000	0.0%	HOLD
169	SCHHSCHWAB STRATEGIC TR	52	$2,000	0.0%	ADD 41%
170	SCHGSCHWAB U.S. LARGE-CAP GROWTH ETF	8	$1,000	0.0%	HOLD

☆Independence Advisors, LLC