Independence Advisors, LLC's Q2-Q3 2020 13F Holdings: Apple and Amazon Drive Portfolio Value Increase

Independence Advisors, LLC Q2 2020 vs. Q3 2020 13F Holdings Comparison

Independence Advisors, LLC is an investment advisory firm in Pennsylvania that provides advisory services to clients throughout the United States. The firm recently filed its Q2 2020 and Q3 2020 13F filings with the Securities and Exchange Commission (SEC). The 13F filings disclose the firm's holdings and changes in holdings in publicly traded companies.

The most prominent takeaway from the filings is that the firm's total portfolio value increased from $488.81 million in Q2 2020 to $532.85 million in Q3 2020. The increase in portfolio value is primarily due to the firm's holdings in technology giant Apple Inc. (AAPL) and online retail giant Amazon.com Inc. (AMZN). AAPL shares rose by 27.4% during the quarter, while AMZN shares rose by 35.9%.

Vanguard continues to be a favorite of Independence Advisors, LLC. Vanguard Index FDS (VTV) saw an increase in the firm's holdings, from 524,465 shares to 548,263 shares, and an increase in value, from $52,231,000 to $57,299,000. Vanguard Index FDS (VUG) was a different story, with the firm's holdings decreasing from 255,401 shares to 241,418 shares and its value decreasing from $51,614,000 to $54,949,000.

iShares TR (IWF) also had a decrease in the firm's holdings, from 267,064 shares to 258,527 shares, but a increase in value from $51,263,000 to $56,072,000. iShares TR (IVW), on the other hand, saw an increase in holdings, from 153,108 shares to 147,850 shares and an increase in value from $31,768,000 to $34,165,000.

In terms of sectors, the firm increased its holdings in the healthcare sector. Johnson & Johnson (JNJ) saw an increase in the firm's holdings, from 7,215 shares to 7,170 shares, and an increase in value, from $1,015,000 to $1,067,000. AbbVie Inc. (ABBV) saw an increase in the firm's holdings, from 3,912 shares to 3,929 shares, but a decrease in value, from $384,000 to $344,000.

It's worth noting that the firm completely sold its stake in Berkshire Hathaway Inc. Del (BRK-B) in Q2 2020 but then re-entered the position in Q3 2020. The firm held 2,661 shares worth $567,000 in the holding company in Q3 2020.

Overall, Independence Advisors, LLC made some significant changes to its holdings during Q2 and Q3 2020. The increase in portfolio value was largely due to the performance of Apple Inc. and Amazon.com Inc., while the decrease in portfolio value was due to the underperformance of Vanguard Index FDS (VUG). The firm's holdings in the healthcare sector increased, while it reduced its holdings in Berkshire Hathaway Inc. Del (BRK-B) in Q2 2020 only to buy back into the holding company in Q3 2020.