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WF

Welch & Forbes Portfolio holdings

AUM $8.23B
1-Year Est. Return 17.62%
This Fund
S&P 500
This Quarter Est. Return
+2.43%
1 Year Est. Return
+17.62%
3 Year Est. Return
+73.71%
5 Year Est. Return
+105.59%
10 Year Est. Return
+384.93%
AUM
$8.25B
AUM Growth
-$49M
Cap. Flow
-$98.8M
Cap. Flow %
-1.2%
Top 10 Hldgs %
38.58%
Holding
390
New
7
Increased
62
Reduced
202
Closed
16

Top Buys

Rank Stock Value
1
PANW icon
Palo Alto Networks
PANW
+$17.5M
2
UBER icon
Uber
UBER
+$15M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.7M
4
SNPS icon
Synopsys
SNPS
+$7.77M
5
AVGO icon
Broadcom
AVGO
+$6.33M

Top Sells

Rank Stock Value
1
FISV
Fiserv Inc
FISV
+$26.4M
2
NVDA icon
NVIDIA
NVDA
+$23.2M
3
KMX icon
CarMax
KMX
+$14.9M
4
NOW icon
ServiceNow
NOW
+$7.56M
5
ADBE icon
Adobe
ADBE
+$6.78M

Sector Composition

Rank Sector Weight
1 Technology 26.49%
2 Healthcare 16.78%
3 Financials 12.32%
4 Consumer Discretionary 10.62%
5 Industrials 9.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TFC icon
226
Truist Financial
TFC
$63.4B
$1.01M 0.01%
20,508
-2,787
-12% -$128K
AMG icon
227
Affiliated Managers Group
AMG
$9.6B
$1.01M 0.01%
3,500
– –
RAL
228
Ralliant Corp
RAL
$7.68B
$979K 0.01%
19,226
-309
-2% -$14.5K
WCN
229
Waste Connections
WCN
$41.8B
$973K 0.01%
5,550
– –
IVW icon
230
iShares S&P 500 Growth ETF
IVW
$77.4B
$957K 0.01%
7,767
+78
+1% +$9.55K
BND icon
231
Vanguard Total Bond Market
BND
$161B
$953K 0.01%
12,869
-249
-2% -$18.5K
PSX icon
232
Phillips 66
PSX
$86B
$896K 0.01%
6,946
-177
-2% -$23.8K
UL icon
233
Unilever
UL
$135B
$877K 0.01%
13,412
-42
-0.3% -$2.82K
BR icon
234
Broadridge
BR
$19.8B
$870K 0.01%
3,900
-75
-2% -$17.1K
BIV icon
235
Vanguard Intermediate-Term Bond ETF
BIV
$28.8B
$851K 0.01%
10,933
+95
+0.9% +$7.43K
GEHC icon
236
GE HealthCare
GEHC
$32.9B
$850K 0.01%
10,360
-287
-3% -$22.4K
CSX icon
237
CSX Corp
CSX
$92.8B
$847K 0.01%
23,359
– –
EEM icon
238
iShares MSCI Emerging Markets ETF
EEM
$29.8B
$844K 0.01%
15,432
+200
+1% +$10.9K
VTI icon
239
Vanguard Morningstar Total Stock Market ETF
VTI
$691B
$826K 0.01%
2,464
-760
-24% -$253K
IJK icon
240
iShares S&P Mid-Cap 400 Growth ETF
IJK
$11.1B
$811K 0.01%
8,373
-30
-0.4% -$2.89K
ASML icon
241
ASML
ASML
$666B
$802K 0.01%
750
– –
MDLZ icon
242
Mondelez International
MDLZ
$78.5B
$797K 0.01%
14,803
-2,561
-15% -$147K
WST icon
243
West Pharmaceutical
WST
$24.8B
$787K 0.01%
2,861
-146
-5% -$39.9K
BSM icon
244
Black Stone Minerals
BSM
$3.06B
$784K 0.01%
58,966
– –
JKHY icon
245
Jack Henry & Associates
JKHY
$11B
$769K 0.01%
4,214
– –
TRV icon
246
Travelers Companies
TRV
$78.3B
$757K 0.01%
2,611
– –
BRK.A icon
247
Berkshire Hathaway Class A
BRK.A
$1.13T
$755K 0.01%
1
– –
KKR icon
248
KKR & Co
KKR
$93.2B
$737K 0.01%
5,781
– –
PHO icon
249
Invesco Water Resources ETF
PHO
$2.09B
$732K 0.01%
10,400
-100
-1% -$7.21K
STE icon
250
Steris
STE
$23.3B
$706K 0.01%
2,786
– –
8 9
10
11 12

Similar funds

CCM
Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return
WA
Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.82% 1-Year Est. Return
GGHC
Gilder Gagnon Howe & Co New York $8.34B AUM 46.58% 1-Year Est. Return
CCM
Coldstream Capital Management Bellevue, Washington $8.12B AUM 17.95% 1-Year Est. Return
FIA
Foundations Investment Advisors Phoenix, Arizona $8.07B AUM 24.97% 1-Year Est. Return
VIM
Vinva Investment Management Sydney, Australia $8.07B AUM 29.46% 1-Year Est. Return
AAF
Andra AP-fonden Goteborg, Sweden $8.39B AUM 21.19% 1-Year Est. Return
FMI
Fiduciary Management Inc Milwaukee, Wisconsin $8.06B AUM 6.78% 1-Year Est. Return

Welch & Forbes's Q4 2025 Portfolio in Review

As of Q4 2025, Welch & Forbes held 390 positions worth $8.25B, down 0.59% from $8.3B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Welch & Forbes's Q4 2025 filing shows 7 new, 62 increased, 202 reduced and 16 closed positions. Its largest new stake was Harbor Long-Short Equity ETF: 14,016 shares worth $387K. The largest sale was Fiserv Inc, an estimated $26.4M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 28% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2025 buy was Harbor Long-Short Equity ETF: 14,016 shares worth $387K.
  • Welch & Forbes added most to Palo Alto Networks in Q4 2025, an estimated $17.5M increase.
  • Welch & Forbes's biggest Q4 2025 reduction was Fiserv Inc, cutting an estimated $26.4M.
  • Welch & Forbes fully exited Enterprise Products Partners in Q4 2025, selling an estimated $911K.
  • Welch & Forbes's ten largest holdings make up 39% of its $8.25B portfolio in Q4 2025.
  • Welch & Forbes opened 7 new positions and closed 16 in Q4 2025.
  • Welch & Forbes's portfolio value fell 0.59% quarter-over-quarter to $8.25B.

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