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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
HUBB icon
176
Hubbell
HUBB
$26.7B
$2.23M 0.03%
5,027
– –
EVN
177
Eaton Vance Municipal Income Trust
EVN
$429M
$2.21M 0.03%
205,784
– –
PH icon
178
Parker-Hannifin
PH
$134B
$2.2M 0.03%
2,505
-46
-2% -$37.6K
TSLA icon
179
Tesla
TSLA
$1.31T
$2.2M 0.03%
4,887
-17
-0.3% -$7.54K
IWR icon
180
iShares Russell Mid-Cap ETF
IWR
$57.5B
$2.17M 0.03%
22,555
-277
-1% -$26.6K
HON icon
181
Honeywell
HON
$77B
$2.14M 0.03%
10,984
-614
-5% -$120K
FTSM icon
182
First Trust Enhanced Short Maturity ETF
FTSM
$6.54B
$2.1M 0.03%
35,052
-2,137
-6% -$128K
AGG icon
183
iShares Core US Aggregate Bond ETF
AGG
$137B
$2.03M 0.02%
20,280
+2,459
+14% +$247K
MPC icon
184
Marathon Petroleum
MPC
$90B
$1.98M 0.02%
12,175
– –
PNC icon
185
PNC Financial Services
PNC
$100B
$1.89M 0.02%
9,069
+328
+4% +$63.3K
CNI icon
186
Canadian National Railway
CNI
$75.7B
$1.87M 0.02%
18,883
-115
-0.6% -$11.1K
BLK icon
187
Blackrock
BLK
$175B
$1.86M 0.02%
1,740
-21
-1% -$23K
WM icon
188
Waste Management
WM
$90.6B
$1.82M 0.02%
8,279
+58
+0.7% +$12.4K
USMV icon
189
iShares MSCI USA Min Vol Factor ETF
USMV
$24.4B
$1.8M 0.02%
19,116
– –
AMAT icon
190
Applied Materials
AMAT
$415B
$1.73M 0.02%
6,736
-31
-0.5% -$7.43K
NOC icon
191
Northrop Grumman
NOC
$82.1B
$1.7M 0.02%
2,983
+14
+0.5% +$8.13K
KMB icon
192
Kimberly-Clark
KMB
$35.9B
$1.7M 0.02%
16,852
-1,606
-9% -$176K
GLP icon
193
Global Partners
GLP
$1.7B
$1.57M 0.02%
37,420
– –
MAS icon
194
Masco
MAS
$14.7B
$1.53M 0.02%
24,149
– –
IWD icon
195
iShares Russell 1000 Value ETF
IWD
$84.2B
$1.5M 0.02%
7,145
– –
VSS icon
196
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.9B
$1.48M 0.02%
10,334
– –
WTS icon
197
Watts Water Technologies
WTS
$12.8B
$1.46M 0.02%
5,280
– –
NBN icon
198
Northeast Bank
NBN
$1.14B
$1.46M 0.02%
14,000
– –
WAT icon
199
Waters Corp
WAT
$40.4B
$1.42M 0.02%
3,738
– –
GM icon
200
General Motors
GM
$77.2B
$1.41M 0.02%
17,339
– –
6 7
8
9 10

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.