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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
+7.38%
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
$8.3B
AUM Growth
+$295M
Cap. Flow
-$153M
Cap. Flow %
-1.85%
Top 10 Hldgs %
38.13%
Holding
388
New
16
Increased
67
Reduced
184
Closed
5

Top Buys

Rank Stock Value
1
PANW icon
Palo Alto Networks
PANW
+$24.7M
2
LLY icon
Eli Lilly
LLY
+$14M
3
BKNG icon
Booking.com
BKNG
+$12.7M
4
SNPS icon
Synopsys
SNPS
+$10.2M
5
UBER icon
Uber
UBER
+$8.27M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$134M
2
DHR icon
Danaher
DHR
+$14.5M
3
NVDA icon
NVIDIA
NVDA
+$13.2M
4
PEP icon
PepsiCo
PEP
+$13.1M
5
ORLY icon
O'Reilly Automotive
ORLY
+$6.13M

Sector Composition

Rank Sector Weight
1 Technology 27.79%
2 Healthcare 15.42%
3 Financials 12.12%
4 Consumer Discretionary 11.58%
5 Industrials 9.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRV icon
251
Travelers Companies
TRV
$78.3B
$729K 0.01%
2,611
– –
ASML icon
252
ASML
ASML
$666B
$726K 0.01%
750
– –
NKE icon
253
Nike
NKE
$62.5B
$705K 0.01%
10,108
-1,398
-12% -$104K
STE icon
254
Steris
STE
$23.3B
$689K 0.01%
2,786
– –
IT icon
255
Gartner
IT
$12.2B
$683K 0.01%
2,600
-1,112
-30% -$324K
URI icon
256
United Rentals
URI
$70.8B
$675K 0.01%
707
– –
HSY icon
257
Hershey
HSY
$36.7B
$660K 0.01%
3,530
+30
+0.9% +$5.45K
IWN icon
258
iShares Russell 2000 Value ETF
IWN
$14.5B
$659K 0.01%
3,725
-61
-2% -$10.3K
HIG icon
259
Hartford Financial Services
HIG
$38.7B
$638K 0.01%
4,781
– –
CRWD icon
260
CrowdStrike
CRWD
$229B
$628K 0.01%
5,124
+20
+0.4% +$2.27K
JKHY icon
261
Jack Henry & Associates
JKHY
$11B
$628K 0.01%
4,214
– –
SO icon
262
Southern Company
SO
$105B
$620K 0.01%
6,546
+484
+8% +$45.2K
WDAY icon
263
Workday
WDAY
$45.5B
$590K 0.01%
2,452
– –
VHT icon
264
Vanguard Health Care ETF
VHT
$19B
$590K 0.01%
2,272
-80
-3% -$20.1K
WAB icon
265
Wabtec
WAB
$49.7B
$588K 0.01%
2,931
– –
PHYS icon
266
Sprott Physical Gold
PHYS
$15.9B
$579K 0.01%
19,550
– –
NEM icon
267
Newmont
NEM
$124B
$572K 0.01%
6,790
– –
QTEC icon
268
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.75B
$572K 0.01%
2,493
– –
SHEL icon
269
Shell
SHEL
$248B
$561K 0.01%
7,836
– –
TGT icon
270
Target
TGT
$69B
$558K 0.01%
6,216
-1,553
-20% -$153K
HWM icon
271
Howmet Aerospace
HWM
$113B
$544K 0.01%
2,771
– –
IVE icon
272
iShares S&P 500 Value ETF
IVE
$50B
$537K 0.01%
2,600
– –
ENB icon
273
Enbridge
ENB
$112B
$532K 0.01%
10,545
– –
TYL icon
274
Tyler Technologies
TYL
$13B
$523K 0.01%
1,000
-11
-1% -$6.17K
NTAP icon
275
NetApp
NTAP
$39B
$515K 0.01%
4,344
– –
9 10
11
12 13

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GGHC
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FIA
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VIM
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AAF
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FMI
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Welch & Forbes's Q3 2025 Portfolio in Review

As of Q3 2025, Welch & Forbes held 388 positions worth $8.3B, up 3.7% from $8.01B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Welch & Forbes's Q3 2025 filing shows 16 new, 67 increased, 184 reduced and 5 closed positions. Its largest new stake was Synopsys: 18,075 shares worth $8.92M. The largest sale was Ansys, an estimated $134M.

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

  • Welch & Forbes's largest Q3 2025 buy was Synopsys: 18,075 shares worth $8.92M.
  • Welch & Forbes added most to Palo Alto Networks in Q3 2025, an estimated $24.7M increase.
  • Welch & Forbes's biggest Q3 2025 reduction was Danaher, cutting an estimated $14.5M.
  • Welch & Forbes fully exited Ansys in Q3 2025, selling an estimated $134M.
  • Welch & Forbes's ten largest holdings make up 38% of its $8.3B portfolio in Q3 2025.
  • Welch & Forbes opened 16 new positions and closed 5 in Q3 2025.
  • Welch & Forbes's portfolio value rose 3.7% quarter-over-quarter to $8.3B.

Based on Welch & Forbes's 13F filing for Q3 2025, filed 4 Nov 2025.