IP
Independent Portfolio Consultants, Inc. Historical SEC 13F Holdings & Archive (Q2 2017)
Independent Portfolio Consultants, Inc.CIK: 0001328450
Diversified strategyQuality / disciplined sizingMomentum follower
Total reported value
$241.1M
Reporting period: 2017-06-30 · Number of holdings: 785
Independent Portfolio Consultants, Inc. disclosed 785 holdings in its latest 13F filing for the period ending 2017-06-30, with total reported value of $241.1M and a quarterly turnover rate of 42.2%.
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Personality snowflake
- Concentration
- 1.91
- Portfolio Stability
- 42.18
- Momentum
- 74.06
- Sector conviction
- 50.41
- Diversification
- 100
- Sizing Uniformity
- 83.41
Independent Portfolio Consultants, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.005 — mathematically equivalent to about 209 equally-sized positions, well below its 785 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.66), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 27% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd C
+95.1% $1.7M
Add LEN
+89.8% $1.5M
Add BAC
+57.3% $1.1M
Add GS
+43.1% $823.0K
Add G0177J108
+263.3% $1.1M
Add AMG
+105.1% $919.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 785 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 2.24% | — | -7.24% | |
| 2 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.83% | — | -10.29% | |
| 3 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.44% | — | -18.96% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.37% | — | +0.81% | |
| 5 | C | Citigroup Inc | Stock-Financials | 1.32% | +0.81% | +95.08% | |
| 6 | LEN | Lennar Corp-a | Stock-Consumer Disc | 1.27% | +0.74% | +89.82% | |
| 7 | GS | Goldman Sachs Group Inc | Stock-Financials | 1.23% | +0.49% | +43.13% | |
| 8 | BAC | Bank Of America CORP | Stock-Financials | 1.22% | +0.59% | +57.31% | |
| 9 | PII | Polaris Inc | Stock-Consumer Disc | 1.14% | — | -19.03% | |
| 10 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.11% | — | -7.63% | |
| 11 | GVI | Ishares Intermediate Governm | ETF-Other | 0.91% | — | -10.71% | |
| 12 | AMGN | Amgen Inc | Stock-Healthcare | 0.77% | — | -3.92% | |
| 13 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.76% | — | -10.38% | |
| 14 | AMG | Affiliated Managers Group | Stock-Financials | 0.74% | +0.44% | +105.06% | |
| 15 | MS | Morgan Stanley | Stock-Financials | 0.72% | +0.37% | +64.21% | |
| 16 | R6C2 | Royal Dutch Shell-spon Adr-b | Stock-Other | 0.71% | — | -23.34% | |
| 17 | PSQUSD | Proshares Short Qqq | ETF-Other | 0.71% | +0.71% | NEW | |
| 18 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.69% | — | -0.06% | |
| 19 | SGI | Somnigroup International Inc | Stock-Consumer Disc | 0.66% | — | -3.03% | |
| 20 | AMT | American Tower CORP | Stock-Real Estate | 0.64% | — | -12.54% | |
| 21 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 0.63% | — | +66.76% | |
| 22 | UTXZ | United Tech CORP | Stock-Other | 0.61% | — | -4.97% | |
| 23 | BR | Broadridge Financial Solutio | Stock-Tech | 0.60% | -0.17% | -41.29% | |
| 24 | EWT | Ishares Msci Taiwan ETF | ETF-Other | 0.60% | — | -25.74% | |
| 25 | ✓ | Stock-Other | 0.60% | +0.46% | +263.25% | ||
| 26 | CSCO | Cisco Systems Inc | Stock-Tech | 0.59% | — | -9.94% | |
| 27 | UBSI | United Bankshares Inc | Stock-Financials | 0.58% | +0.32% | +102.63% | |
| 28 | IXG | Ishares Global Financials Et | ETF-Other | 0.57% | — | -29.99% | |
| 29 | UNP | Union Pacific CORP | Stock-Industrials | 0.57% | — | -1.20% | |
| 30 | SIGI | Selective Insurance Group | Stock-Financials | 0.56% | — | -8.94% | |
| 31 | V | Visa Inc-class A Shares | Stock-Financials | 0.55% | — | +10.86% | |
| 32 | GILD | Gilead Sciences Inc | Stock-Healthcare | 0.54% | +0.33% | +101.28% | |
| 33 | CVX | Chevron CORP | Stock-Energy | 0.53% | — | -18.50% | |
| 34 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.49% | — | -6.33% | |
| 35 | LFUS | Littelfuse Inc | Stock-Tech | 0.48% | — | -32.87% | |
| 36 | SHM | Ss Spdr N Ice St Muni ETF | ETF-Other | 0.47% | -0.15% | -36.23% | |
| 37 | ONB | Old National Bancorp | Stock-Financials | 0.47% | — | -9.10% | |
| 38 | TTEN | Totalenergies Se -spon Adr | Stock-Other | 0.46% | — | +16.41% | |
| 39 | EWO | Ishares Msci Austria ETF | ETF-Other | 0.46% | — | -11.19% | |
| 40 | UL | Unilever PLC | Stock-Consumer Staples | 0.46% | — | -23.13% | |
| 41 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.44% | — | -13.94% | |
| 42 | CNC | Centene CORP | Stock-Healthcare | 0.44% | -0.22% | -50.74% | |
| 43 | MDIV | Multi-Asset Diversified Income Index Fund | Stock-Other | 0.43% | — | -10.56% | |
| 44 | ✓ | Mb Financial Inc | Stock-Other | 0.43% | — | -9.00% | |
| 45 | MSFT | Microsoft CORP | Stock-Tech | 0.43% | — | +2.48% | |
| 46 | T | At&t Inc | Stock-Comm Services | 0.43% | — | -16.67% | |
| 47 | EWD | Ishares Msci Sweden ETF | ETF-Other | 0.43% | — | -10.63% | |
| 48 | SF | Stifel Financial CORP | Stock-Financials | 0.42% | — | -11.49% | |
| 49 | MDT | Medtronic plc | Stock-Healthcare | 0.42% | — | +6.34% | |
| 50 | IDA | Idacorp Inc | Stock-Utilities | 0.41% | — | -10.45% |
1–50 of 200
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2017 Q2 | 785 | $241.1M | 42 | ||
| 2017 Q1 | 800 | $289.7M | 40 | ||
| 2016 Q4 | 825 | $304.0M | 33 | ||
| 2016 Q3 | 708 | $319.0M | 28 | ||
| 2016 Q2 | 728 | $317.5M | 43 | ||
| 2016 Q1 | 748 | $357.5M | 37 | ||
| 2015 Q4 | 750 | $336.9M | 51 | ||
| 2015 Q3 | 781 | $460.1M | 34 | ||
| 2015 Q2 | 858 | $500.0M | 29 | ||
| 2015 Q1 | 1175 | $489.0M | 29 | ||
| 2014 Q4 | 1012 | $496.9M | 77 | ||
| 2014 Q3 | 818 | $371.0M | 49 | ||
| 2014 Q2 | 829 | $357.4M | 36 | ||
| 2014 Q1 | 449 | $315.6M | 59 | ||
| 2013 Q4 | 443 | $286.3M | 34 | ||
| 2013 Q3 | 434 | $249.8M | 27 | ||
| 2013 Q2 | 425 | $222.9M | 0 |
Holding changes this quarter
Independent Portfolio Consultants, Inc.'s most significant position changes for 2017-06-30: New buy: Proshares Short Qqq (PSQUSD); Sold out: Proshares Short Msci Eafe (EFZUSD); Sold out: Nvr Inc (NVR); Sold out: Chicago Atlantic Real Estate Finance, Inc. (REFI); Sold out: Ford Motor Co (F).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | C | Citigroup Inc | +0.8% | +95.08% | Add |
| 2 | LEN | Lennar Corp-a | +0.7% | +89.82% | Add |
| 3 | BAC | Bank Of America CORP | +0.6% | +57.31% | Add |
| 4 | GS | Goldman Sachs Group Inc | +0.5% | +43.13% | Add |
| 5 | ✓ | +0.5% | +263.25% | Add | |
| 6 | AMG | Affiliated Managers Group | +0.4% | +105.06% | Add |
| 7 | MS | Morgan Stanley | +0.4% | +64.21% | Add |
| 8 | EZU | Ishares Msci Eurozone ETF | +0.3% | +424.08% | Add |
| 9 | GILD | Gilead Sciences Inc | +0.3% | +101.28% | Add |
| 10 | UBSI | United Bankshares Inc | +0.3% | +102.63% | Add |
| 11 | COLB | Columbia Banking System Inc | +0.3% | +4316.16% | Add |
| 12 | SHM | Ss Spdr N Ice St Muni ETF | -0.2% | -36.23% | Trim |
| 13 | NXST | Nexstar Media Group Inc | -0.2% | -37.45% | Trim |
| 14 | IEX | Idex CORP | -0.2% | -52.83% | Trim |
| 15 | BR | Broadridge Financial Solutio | -0.2% | -41.29% | Trim |
| 16 | THO | Thor Industries Inc | -0.2% | -53.15% | Trim |
| 17 | EWA | Ishares Msci Australia ETF | -0.2% | -77.57% | Trim |
| 18 | CVS | Cvs Health CORP | -0.2% | -91.00% | Trim |
| 19 | CNC | Centene CORP | -0.2% | -50.74% | Trim |
| 20 | TRN | Trinity Industries Inc | -0.2% | -53.04% | Trim |
| 21 | FLS | Flowserve CORP | -0.2% | -52.73% | Trim |
| 22 | XLF | Ss Financial Select Sector | -0.2% | -57.91% | Trim |
| 23 | DAR | Darling Ingredients Inc | -0.2% | -52.62% | Trim |
| 24 | FXR | First Trust Indst/producers | -0.2% | -58.45% | Trim |
| 25 | COHREUR | Coherent Inc | -0.2% | -60.45% | Trim |
| 26 | WMT | Walmart Inc | -0.2% | -95.07% | Trim |
| 27 | OXY | Occidental Petroleum CORP | -0.2% | -98.90% | Trim |
| 28 | MUSA | Murphy USA Inc | -0.3% | -52.15% | Trim |
| 29 | OGE | Oge Energy CORP | -0.3% | -53.22% | Trim |
| 30 | KN | Knowles CORP | -0.3% | -53.74% | Trim |
| 31 | CLH | Clean Harbors Inc | -0.3% | -53.48% | Trim |
| 32 | ✓ | Newfield Expl Co | -0.3% | -52.59% | Trim |
| 33 | TKR | Timken Co | -0.3% | -59.67% | Trim |
| 34 | PM | Philip Morris International | -0.3% | -59.62% | Trim |
| 35 | WU | Western Union Co | -0.4% | -58.82% | Trim |
| 36 | PSQUSD | Proshares Short Qqq | — | NEW | New buy |
| 37 | EFZUSD | Proshares Short Msci Eafe | — | EXIT | Sold out |
| 38 | NVR | Nvr Inc | — | EXIT | Sold out |
| 39 | REFI | Chicago Atlantic Real Estate Finance, Inc. | — | EXIT | Sold out |
| 40 | F | Ford Motor Co | — | EXIT | Sold out |
| 41 | URI | United Rentals Inc | — | EXIT | Sold out |
| 42 | CAH | Cardinal Health, Inc. | — | EXIT | Sold out |
| 43 | TGT | Target CORP | — | EXIT | Sold out |
| 44 | AXP | American Express Company | — | EXIT | Sold out |
| 45 | GM | General Motors Co | — | NEW | New buy |
| 46 | ✓ | — | EXIT | Sold out | |
| 47 | GWB | Great Western Bancorp Inc | — | NEW | New buy |
| 48 | MMI | Marcus & Millichap Inc | — | NEW | New buy |
| 49 | XXI | Twenty One Capital, Inc. | — | NEW | New buy |
| 50 | NTTYY | Ntt Inc - Adr | — | EXIT | Sold out |
Filing History
FAQ
What is Independent Portfolio Consultants, Inc. and what type of investor is it?
Independent Portfolio Consultants, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2017-06-30), the firm manages a tracked equity portfolio valued at approximately $241.1M, spread across 785 disclosed positions.
What are Independent Portfolio Consultants, Inc.'s largest equity positions?
Based on the latest 13F filing, Independent Portfolio Consultants, Inc.'s top holdings by market value are:
1. Apple Inc (AAPL) — $5.4M (2.2%)
2. Amazon.com Inc (AMZN) — $4.4M (1.8%)
3. Meta Platforms Inc-class A (META) — $3.5M (1.4%)
4. Jpmorgan Chase & Co (JPM) — $3.3M (1.4%)
5. Citigroup Inc (C) — $3.2M (1.3%)
What changes did Independent Portfolio Consultants, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Independent Portfolio Consultants, Inc. made 50 notable position adjustments: 5 new positions were initiated, 11 existing holdings were added to, 24 positions were partially reduced, and 10 were completely exited. The largest of these moves: New buy: Proshares Short Qqq (PSQUSD); Sold out: Proshares Short Msci Eafe (EFZUSD); Sold out: Nvr Inc (NVR); Sold out: Chicago Atlantic Real Estate Finance, Inc. (REFI); Sold out: Ford Motor Co (F)
What sectors does Independent Portfolio Consultants, Inc. focus on?
Independent Portfolio Consultants, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 28.1%
• Information Technology: 18.3%
• Communication Services: 14.3%
• Health Care: 12.3%
• Consumer Discretionary: 11.4%
• Consumer Staples: 5.4%
Investment Profile
Independent Portfolio Consultants, Inc.'s portfolio is broadly diversified and moderately active.
It has added to its LEN position over the past two quarters (+$1.8M, now $3.1M), while trimming WFC over the same stretch (-$2.0M, still holding $42.0K).
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