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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
T icon
151
AT&T
T
$165B
$3.3M 0.04%
132,855
-976
-0.7% -$24.7K
GILD icon
152
Gilead Sciences
GILD
$165B
$3.29M 0.04%
26,775
-149
-0.6% -$18.1K
VOO icon
153
Vanguard S&P 500 ETF
VOO
$1.03T
$3.27M 0.04%
5,211
+57
+1% +$35.4K
LNT icon
154
Alliant Energy
LNT
$17.7B
$3.27M 0.04%
50,264
– –
INTU icon
155
Intuit
INTU
$91.5B
$3.21M 0.04%
4,840
-11
-0.2% -$7.27K
FTV icon
156
Fortive
FTV
$18.6B
$3.19M 0.04%
57,795
-1,581
-3% -$82K
IGSB icon
157
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23.3B
$3.12M 0.04%
58,983
+50
+0.1% +$2.65K
PM icon
158
Philip Morris
PM
$290B
$3.09M 0.04%
19,272
-1,919
-9% -$297K
SDY icon
159
State Street SPDR S&P Dividend ETF
SDY
$22.1B
$3.07M 0.04%
22,079
+179
+0.8% +$24.9K
VO icon
160
Vanguard Morningstar Mid-Cap ETF
VO
$109B
$3.04M 0.04%
41,896
+2,612
+7% +$190K
DE icon
161
Deere & Co
DE
$164B
$2.97M 0.04%
6,381
-68
-1% -$31.9K
VWO icon
162
Vanguard FTSE Emerging Markets ETF
VWO
$126B
$2.95M 0.04%
54,901
+766
+1% +$41.6K
FPEI icon
163
First Trust Institutional Preferred Securities and Income ETF
FPEI
$1.94B
$2.79M 0.03%
143,860
-1,996
-1% -$38.7K
VB icon
164
Vanguard Morningstar Small-Cap ETF
VB
$82.5B
$2.77M 0.03%
10,754
-800
-7% -$205K
EOG icon
165
EOG Resources
EOG
$74.6B
$2.75M 0.03%
26,219
+895
+4% +$96.1K
VTV icon
166
Vanguard Morningstar Value ETF
VTV
$192B
$2.74M 0.03%
14,336
+175
+1% +$32.9K
FAST icon
167
Fastenal
FAST
$59.8B
$2.66M 0.03%
66,184
– –
EFA icon
168
iShares MSCI EAFE ETF
EFA
$79.8B
$2.61M 0.03%
27,172
+159
+0.6% +$15.1K
IWF icon
169
iShares Russell 1000 Growth ETF
IWF
$127B
$2.6M 0.03%
21,956
-504
-2% -$59.7K
COP icon
170
ConocoPhillips
COP
$148B
$2.55M 0.03%
27,252
-85
-0.3% -$7.69K
SCHD icon
171
Schwab US Dividend Equity ETF
SCHD
$107B
$2.53M 0.03%
92,277
-1,233
-1% -$33.5K
CI icon
172
Cigna
CI
$73.6B
$2.39M 0.03%
8,674
-68
-0.8% -$19.1K
CRM icon
173
Salesforce
CRM
$162B
$2.37M 0.03%
8,958
-14
-0.2% -$3.48K
SPGI icon
174
S&P Global
SPGI
$121B
$2.31M 0.03%
4,429
-5
-0.1% -$2.47K
BX icon
175
Blackstone
BX
$113B
$2.29M 0.03%
14,831
– –
5 6
7
8 9

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.