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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
MGRC icon
326
McGrath RentCorp
MGRC
$2.97B
$305K ﹤0.01%
2,600
– –
RSG icon
327
Republic Services
RSG
$66.2B
$304K ﹤0.01%
1,325
– –
VGK icon
328
Vanguard FTSE Europe ETF
VGK
$31.1B
$303K ﹤0.01%
3,800
– –
KMI icon
329
Kinder Morgan
KMI
$69.9B
$302K ﹤0.01%
10,658
-1,144
-10% -$31.3K
SGI
330
Somnigroup International
SGI
$14B
$299K ﹤0.01%
3,540
– –
IBB icon
331
iShares Biotechnology ETF
IBB
$9.84B
$297K ﹤0.01%
2,057
– –
NSC icon
332
Norfolk Southern
NSC
$74.9B
$297K ﹤0.01%
987
-132
-12% -$36.7K
LNN icon
333
Lindsay Corp
LNN
$1.18B
$295K ﹤0.01%
2,100
– –
RSP icon
334
Invesco S&P 500 Equal Weight ETF
RSP
$99.4B
$294K ﹤0.01%
1,552
+38
+3% +$7.08K
LYV icon
335
Live Nation Entertainment
LYV
$42.8B
$293K ﹤0.01%
1,793
– –
FORM icon
336
FormFactor
FORM
$9.25B
$291K ﹤0.01%
8,000
– –
DOW icon
337
Dow Inc
DOW
$22.6B
$289K ﹤0.01%
12,607
-213
-2% -$5.31K
PDP icon
338
Invesco Dorsey Wright Momentum ETF
PDP
$1.5B
$286K ﹤0.01%
2,419
– –
BHP icon
339
BHP
BHP
$230B
$285K ﹤0.01%
5,119
+404
+9% +$21.5K
OKE icon
340
Oneok
OKE
$57.1B
$284K ﹤0.01%
3,889
-131
-3% -$10K
ZTS icon
341
Zoetis
ZTS
$30.9B
$281K ﹤0.01%
1,922
-275
-13% -$41.6K
UNM icon
342
Unum
UNM
$14.4B
$278K ﹤0.01%
3,572
– –
VXUS icon
343
Vanguard Total International Stock ETF
VXUS
$163B
$274K ﹤0.01%
3,731
– –
VNT icon
344
Vontier
VNT
$4.62B
$273K ﹤0.01%
6,502
– –
SLB icon
345
SLB Ltd
SLB
$79.4B
$273K ﹤0.01%
7,930
-3,950
-33% -$137K
HPQ icon
346
HP
HPQ
$26.7B
$272K ﹤0.01%
10,000
– –
VV icon
347
Vanguard Morningstar Large-Cap ETF
VV
$54.6B
$272K ﹤0.01%
884
– –
MET icon
348
MetLife
MET
$61.5B
$270K ﹤0.01%
3,278
-122
-4% -$9.6K
CIG icon
349
CEMIG Preferred Shares
CIG
$5.84B
$265K ﹤0.01%
125,628
– –
HPE icon
350
Hewlett Packard
HPE
$72.4B
$263K ﹤0.01%
10,700
-1,500
-12% -$33.2K
12 13
14
15 16

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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.