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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
NEM icon
251
Newmont
NEM
$124B
$678K 0.01%
6,790
– –
IWN icon
252
iShares Russell 2000 Value ETF
IWN
$14.5B
$666K 0.01%
3,675
-50
-1% -$8.98K
HIG icon
253
Hartford Financial Services
HIG
$38.7B
$657K 0.01%
4,766
-15
-0.3% -$1.98K
IT icon
254
Gartner
IT
$12.2B
$656K 0.01%
2,600
– –
PHYS icon
255
Sprott Physical Gold
PHYS
$15.9B
$646K 0.01%
19,550
– –
VHT icon
256
Vanguard Health Care ETF
VHT
$19B
$642K 0.01%
2,231
-41
-2% -$11.5K
HSY icon
257
Hershey
HSY
$36.7B
$637K 0.01%
3,500
-30
-0.8% -$5.48K
WAB icon
258
Wabtec
WAB
$49.7B
$626K 0.01%
2,931
– –
ZBH icon
259
Zimmer Biomet
ZBH
$18.7B
$612K 0.01%
6,804
-2,440
-26% -$231K
NKE icon
260
Nike
NKE
$62.5B
$601K 0.01%
9,430
-678
-7% -$44.2K
CRWD icon
261
CrowdStrike
CRWD
$229B
$594K 0.01%
5,068
-56
-1% -$7.13K
SHEL icon
262
Shell
SHEL
$248B
$576K 0.01%
7,836
– –
QTEC icon
263
First Trust NASDAQ-100 Technology Index Fund
QTEC
$4.75B
$574K 0.01%
2,493
– –
URI icon
264
United Rentals
URI
$70.8B
$572K 0.01%
707
– –
TER icon
265
Teradyne
TER
$57.1B
$572K 0.01%
2,955
– –
SO icon
266
Southern Company
SO
$105B
$569K 0.01%
6,520
-26
-0.4% -$2.37K
HWM icon
267
Howmet Aerospace
HWM
$113B
$565K 0.01%
2,757
-14
-0.5% -$2.79K
PLD icon
268
Prologis
PLD
$132B
$556K 0.01%
4,356
– –
IVE icon
269
iShares S&P 500 Value ETF
IVE
$50B
$551K 0.01%
2,600
– –
CTVA icon
270
Corteva
CTVA
$51B
$537K 0.01%
8,005
-3,732
-32% -$241K
CEG icon
271
Constellation Energy
CEG
$95.8B
$530K 0.01%
1,501
-15
-1% -$5.45K
DCI icon
272
Donaldson
DCI
$11.2B
$529K 0.01%
5,965
– –
WDAY icon
273
Workday
WDAY
$45.5B
$524K 0.01%
2,442
-10
-0.4% -$2.27K
VGT icon
274
Vanguard Information Technology ETF
VGT
$147B
$524K 0.01%
5,560
-2,288
-29% -$217K
AEP icon
275
American Electric Power
AEP
$66.9B
$519K 0.01%
4,505
+49
+1% +$5.79K
9 10
11
12 13

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.