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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
TAN icon
301
Invesco Solar ETF
TAN
$1.36B
$383K ﹤0.01%
7,800
– –
EME icon
302
Emcor
EME
$35.7B
$379K ﹤0.01%
619
-7
-1% -$4.53K
BKLN icon
303
Invesco Senior Loan ETF
BKLN
$6.74B
$378K ﹤0.01%
17,979
-3,680
-17% -$77K
APH icon
304
Amphenol
APH
$207B
$371K ﹤0.01%
2,746
– –
KLAC icon
305
KLA
KLAC
$252B
$365K ﹤0.01%
3,000
-70
-2% -$8.21K
SMBC icon
306
Southern Missouri Bancorp
SMBC
$842M
$361K ﹤0.01%
6,099
– –
AEM icon
307
Agnico Eagle Mines
AEM
$91.4B
$358K ﹤0.01%
2,111
– –
ICE icon
308
Intercontinental Exchange
ICE
$84.5B
$348K ﹤0.01%
2,149
-340
-14% -$53.2K
IBB icon
309
iShares Biotechnology ETF
IBB
$9.82B
$347K ﹤0.01%
2,057
– –
ADSK icon
310
Autodesk
ADSK
$54.1B
$343K ﹤0.01%
1,159
+34
+3% +$10.3K
SPSM icon
311
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.4B
$340K ﹤0.01%
7,263
– –
PEG icon
312
Public Service Enterprise Group
PEG
$37.2B
$337K ﹤0.01%
4,194
-56
-1% -$4.57K
WMB icon
313
Williams Companies
WMB
$87.9B
$336K ﹤0.01%
5,585
-990
-15% -$59.9K
RSP icon
314
Invesco S&P 500 Equal Weight ETF
RSP
$99.1B
$335K ﹤0.01%
1,749
+197
+13% +$37.4K
GL icon
315
Globe Life
GL
$14.2B
$332K ﹤0.01%
2,375
– –
PPG icon
316
PPG Industries
PPG
$25.7B
$325K ﹤0.01%
3,173
-106
-3% -$10.6K
NTRS icon
317
Northern Trust
NTRS
$34.4B
$325K ﹤0.01%
2,380
– –
PLTR icon
318
Palantir
PLTR
$421B
$323K ﹤0.01%
1,819
-20
-1% -$3.62K
BA icon
319
Boeing
BA
$184B
$319K ﹤0.01%
1,469
– –
VGK icon
320
Vanguard FTSE Europe ETF
VGK
$31B
$318K ﹤0.01%
3,800
– –
SGI
321
Somnigroup International
SGI
$13.6B
$316K ﹤0.01%
3,540
– –
NFLX icon
322
Netflix
NFLX
$318B
$312K ﹤0.01%
3,323
+243
+8% +$26.2K
ENTG icon
323
Entegris
ENTG
$22B
$308K ﹤0.01%
3,659
– –
Q
324
Qnity Electronics Inc
Q
$28.1B
$305K ﹤0.01%
+3,741
New +$318K
DD icon
325
DuPont de Nemours
DD
$19.1B
$301K ﹤0.01%
2,496
-6,442
-72% -$725K
11 12
13
14 15

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.