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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LIN icon
51
Linde
LIN
$227B
$38M 0.57%
92,529
+2,376
+3% +$937K
META icon
52
Meta Platforms (Facebook)
META
$1.52T
$37.6M 0.57%
106,355
+3,336
+3% +$1.09M
AFL icon
53
Aflac
AFL
$61.2B
$36.1M 0.55%
437,515
-9,564
-2% -$771K
BAC icon
54
Bank of America
BAC
$447B
$35.5M 0.54%
1,054,558
-84,699
-7% -$2.47M
SPY icon
55
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$32.5M 0.49%
68,427
+22,373
+49% +$9.97M
XOM icon
56
ExxonMobil
XOM
$662B
$32.1M 0.48%
321,026
-2,337
-0.7% -$246K
CSCO icon
57
Cisco
CSCO
$483B
$31.3M 0.47%
619,132
-8,067
-1% -$412K
EMLP icon
58
First Trust North American Energy Infrastructure Fund
EMLP
$4.1B
$30.8M 0.47%
1,112,225
-12,462
-1% -$336K
BKNG icon
59
Booking.com
BKNG
$160B
$30.8M 0.46%
216,875
+925
+0.4% +$115K
CTAS icon
60
Cintas
CTAS
$81.1B
$27.8M 0.42%
184,516
+6,168
+3% +$827K
OTIS icon
61
Otis Worldwide
OTIS
$27.7B
$27M 0.41%
302,034
-3,785
-1% -$315K
VZ icon
62
Verizon
VZ
$195B
$26.8M 0.4%
710,184
-95,962
-12% -$3.4M
WMT icon
63
Walmart Inc
WMT
$897B
$26.3M 0.4%
501,021
+2,130
+0.4% +$113K
NEE icon
64
NextEra Energy
NEE
$177B
$26.2M 0.4%
430,528
-58,060
-12% -$3.31M
OMC icon
65
Omnicom Group
OMC
$23.2B
$26.1M 0.39%
301,664
-1,263
-0.4% -$99.6K
FTSL icon
66
First Trust Senior Loan Fund ETF
FTSL
$2.33B
$26M 0.39%
564,207
-10,947
-2% -$501K
DOV icon
67
Dover
DOV
$28.3B
$25.5M 0.39%
165,999
-1,560
-0.9% -$219K
LHX icon
68
L3Harris
LHX
$54B
$25.2M 0.38%
119,735
-419
-0.3% -$78.6K
SBUX icon
69
Starbucks
SBUX
$119B
$25.2M 0.38%
262,291
-1,305
-0.5% -$127K
CSL icon
70
Carlisle Companies
CSL
$15.3B
$24.6M 0.37%
78,741
+982
+1% +$270K
QCOM icon
71
Qualcomm
QCOM
$170B
$22.8M 0.34%
157,387
-1,300
-0.8% -$161K
INTC icon
72
Intel
INTC
$492B
$21.8M 0.33%
434,795
-14,543
-3% -$591K
PFF icon
73
iShares Preferred and Income Securities ETF
PFF
$13.2B
$21.5M 0.32%
688,799
-46,323
-6% -$1.38M
BDX icon
74
Becton Dickinson
BDX
$48.9B
$21.2M 0.32%
86,836
-634
-0.7% -$156K
BALL icon
75
Ball Corp
BALL
$16.6B
$20.7M 0.31%
360,387
-50,689
-12% -$2.61M
1 2
3
4 5

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Welch & Forbes's Q4 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.