Welch & Forbes’s Telefonica TEF Stock Holding History

Welch & Forbes’s Portfolio TEF Stock Details TEF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-67,720	Closed	-$344K	–	387
2025 Q3	$344K	Hold	67,720	–	–	﹤0.01%	313
2025 Q2	$354K	Hold	67,720	–	–	﹤0.01%	306
2025 Q1	$316K	Hold	67,720	–	–	﹤0.01%	313
2024 Q4	$272K	Buy	+67,720	New	+$305K	﹤0.01%	337

Other funds holding TEF

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Oppenheimer & Co New York $8.21B AUM 28.81% 1-Year Est. Return

Gabelli Funds Rye, New York $14.8B AUM 32.24% 1-Year Est. Return

Welch & Forbes's TEF Position: Q4 2025 in Review

Welch & Forbes sold out of Telefonica (TEF) in Q4 2025, closing a stake of 67,720 shares — an estimated $344K sold.

Welch & Forbes first reported a position in TEF in Q4 2024 and held it in 4 quarters. The position peaked at $354K in Q2 2025. 245 funds tracked by Wall St. Rank hold TEF as of Q4 2025.

Welch & Forbes reported no remaining Telefonica position as of Q4 2025 after selling out during the quarter.
Welch & Forbes sold 67,720 Telefonica shares in Q4 2025, an estimated $344K.
Welch & Forbes first reported a position in Telefonica in Q4 2024 and held it in 4 quarters.
Welch & Forbes's Telefonica position peaked at $354K in Q2 2025.
245 funds tracked by Wall St. Rank held Telefonica as of Q4 2025.

Based on Welch & Forbes's 13F filing for Q4 2025, filed 10 Feb 2026.