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Institutional Investment Manager
INDEPENDENCE ADVISORS, LLC
INDEPENDENCE ADVISORS, LLC (CIK: 0001679118). Institutional holdings reported to the SEC.

Institutional Holdings (2016Q3)
Portfolio Summary: 74 holdings with a total value of $212,734,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 VANGUARD INDEX FDS 9,434 1,243,000 0.58%
52 ISHARES RUSSELL 2000 VALUE ETF 12,127 1,270,000 0.60%
53 CAMPBELL SOUP CO 24,798 1,356,000 0.64%
54 APPLE INC 12,736 1,440,000 0.68%
55 AQUA AMERICA INC 51,763 1,578,000 0.74%
56 ISHARES TR 45,549 1,706,000 0.80%
57 Bryn Mawr Bk Corp 59,168 1,893,000 0.89%
58 MCDONALDS CORP 21,068 2,430,000 1.14%
59 VANGUARD INDEX FDS 22,540 2,509,000 1.18%
60 PFIZER INC 74,838 2,535,000 1.19%
61 VANGUARD INDEX FDS 27,752 3,071,000 1.44%
62 PPG INDS INC 30,250 3,127,000 1.47%
63 ISHARES TR 34,731 3,298,000 1.55%
64 VANGUARD INTL EQUITY INDEX F 88,894 3,345,000 1.57%
65 VANGUARD INTL EQUITY INDEX F 40,711 4,052,000 1.90%
66 ISHARES TR 105,513 4,870,000 2.29%
67 VANGUARD TAX-MANAGED FDS 183,017 6,847,000 3.22%
68 ISHARES TR 89,016 10,830,000 5.09%
69 ISHARES TR 115,900 12,241,000 5.75%
70 VANGUARD BD INDEX FDS 232,592 20,389,000 9.58%
71 ISHARES TR 391,325 23,139,000 10.88%
72 ISHARES TR 253,583 26,416,000 12.42%
73 VANGUARD INDEX FDS 305,374 26,568,000 12.49%
74 VANGUARD INDEX FDS 237,405 26,658,000 12.53%
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-16-019470, filed 2016.10.06).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.