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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
MORN icon
326
Morningstar
MORN
$7.54B
$295K ﹤0.01%
1,359
-15
-1% -$3.25K
ABNB icon
327
Airbnb
ABNB
$111B
$295K ﹤0.01%
2,175
-1,340
-38% -$167K
NSC icon
328
Norfolk Southern
NSC
$75B
$285K ﹤0.01%
987
– –
B
329
Barrick Mining
B
$68.5B
$283K ﹤0.01%
6,500
– –
PDP icon
330
Invesco Dorsey Wright Momentum ETF
PDP
$1.49B
$282K ﹤0.01%
2,419
– –
VXUS icon
331
Vanguard Total International Stock ETF
VXUS
$162B
$281K ﹤0.01%
3,731
– –
RSG icon
332
Republic Services
RSG
$65.7B
$279K ﹤0.01%
1,318
-7
-0.5% -$1.51K
VV icon
333
Vanguard Morningstar Large-Cap ETF
VV
$54.5B
$278K ﹤0.01%
884
– –
UNM icon
334
Unum
UNM
$14.5B
$277K ﹤0.01%
3,572
– –
MGRC icon
335
McGrath RentCorp
MGRC
$2.94B
$273K ﹤0.01%
2,600
– –
FLEX icon
336
Flex
FLEX
$44.2B
$272K ﹤0.01%
4,508
– –
GPC icon
337
Genuine Parts
GPC
$18.5B
$271K ﹤0.01%
2,204
-898
-29% -$116K
LNC icon
338
Lincoln National
LNC
$8.75B
$267K ﹤0.01%
6,000
– –
SLB icon
339
SLB Ltd
SLB
$78.9B
$266K ﹤0.01%
6,940
-990
-12% -$35.9K
GRAL
340
GRAIL Inc
GRAL
$3.34B
$266K ﹤0.01%
+3,108
New +$269K
MET icon
341
MetLife
MET
$61.7B
$259K ﹤0.01%
3,278
– –
HPE icon
342
Hewlett Packard
HPE
$72.4B
$257K ﹤0.01%
10,700
– –
LYV icon
343
Live Nation Entertainment
LYV
$43B
$256K ﹤0.01%
1,793
– –
SOLV icon
344
Solventum
SOLV
$14.5B
$254K ﹤0.01%
3,200
-180
-5% -$13.8K
MCK icon
345
McKesson
MCK
$103B
$252K ﹤0.01%
307
-133
-30% -$109K
TXT icon
346
Textron
TXT
$15.3B
$251K ﹤0.01%
2,880
– –
MUB icon
347
iShares National Muni Bond ETF
MUB
$45.8B
$250K ﹤0.01%
+2,337
New +$250K
DNA icon
348
Ginkgo Bioworks
DNA
$515M
$249K ﹤0.01%
30,000
– –
CNQ icon
349
Canadian Natural Resources
CNQ
$97.4B
$246K ﹤0.01%
7,270
-20
-0.3% -$648
IEF icon
350
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
$245K ﹤0.01%
2,551
-14
-0.5% -$1.35K
12 13
14
15 16

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.