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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
IWB icon
151
iShares Russell 1000 ETF
IWB
$50.2B
$3.31M 0.04%
9,045
– –
ICLR icon
152
Icon
ICLR
$12.8B
$3.28M 0.04%
18,735
-5
-0% -$837
FAST icon
153
Fastenal
FAST
$59.8B
$3.25M 0.04%
66,184
+300
+0.5% +$14.2K
VOO icon
154
Vanguard S&P 500 ETF
VOO
$1.03T
$3.16M 0.04%
5,154
+2,015
+64% +$1.19M
IGSB icon
155
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
$3.13M 0.04%
58,933
-4,868
-8% -$257K
SDY icon
156
State Street SPDR S&P Dividend ETF
SDY
$22.1B
$3.07M 0.04%
21,900
– –
GILD icon
157
Gilead Sciences
GILD
$165B
$2.99M 0.04%
26,924
– –
DE icon
158
Deere & Co
DE
$164B
$2.95M 0.04%
6,449
+63
+1% +$31.1K
VB icon
159
Vanguard Morningstar Small-Cap ETF
VB
$82.5B
$2.94M 0.04%
11,554
-676
-6% -$168K
VWO icon
160
Vanguard FTSE Emerging Markets ETF
VWO
$126B
$2.93M 0.04%
54,135
-61
-0.1% -$3.14K
FTV icon
161
Fortive
FTV
$18.6B
$2.91M 0.04%
59,376
-1,964
-3% -$96.8K
VO icon
162
Vanguard Morningstar Mid-Cap ETF
VO
$109B
$2.88M 0.03%
39,284
+940
+2% +$67.5K
EOG icon
163
EOG Resources
EOG
$74.6B
$2.84M 0.03%
25,324
+285
+1% +$34K
FPEI icon
164
First Trust Institutional Preferred Securities and Income ETF
FPEI
$1.94B
$2.82M 0.03%
145,856
-852
-0.6% -$16.3K
VTV icon
165
Vanguard Morningstar Value ETF
VTV
$192B
$2.64M 0.03%
14,161
– –
IWF icon
166
iShares Russell 1000 Growth ETF
IWF
$127B
$2.63M 0.03%
22,460
– –
COP icon
167
ConocoPhillips
COP
$148B
$2.59M 0.03%
27,337
+280
+1% +$26.5K
SCHD icon
168
Schwab US Dividend Equity ETF
SCHD
$107B
$2.55M 0.03%
93,510
– –
BX icon
169
Blackstone
BX
$113B
$2.53M 0.03%
14,831
– –
EFA icon
170
iShares MSCI EAFE ETF
EFA
$79.8B
$2.52M 0.03%
27,013
-1,540
-5% -$140K
CI icon
171
Cigna
CI
$73.6B
$2.52M 0.03%
8,742
-170
-2% -$50.3K
CHEF icon
172
Chefs' Warehouse
CHEF
$4.44B
$2.47M 0.03%
42,305
-700
-2% -$44.6K
MPC icon
173
Marathon Petroleum
MPC
$90B
$2.35M 0.03%
12,175
– –
BSV icon
174
Vanguard Short-Term Bond ETF
BSV
$45.6B
$2.31M 0.03%
29,279
+455
+2% +$35.8K
HON icon
175
Honeywell
HON
$77B
$2.3M 0.03%
11,598
-115
-1% -$24K
5 6
7
8 9

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GGHC
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CCM
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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.