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WF

Welch & Forbes Portfolio holdings

AUM $7.73B
1-Year Est. Return 14.94%
This Fund
S&P 500
This Quarter Est. Return
+4.95%
1 Year Est. Return
+14.94%
3 Year Est. Return
+71.58%
5 Year Est. Return
+102.98%
10 Year Est. Return
+355.22%
AUM
$3.17B
AUM Growth
+$11.1M
Cap. Flow
-$121M
Cap. Flow %
-3.83%
Top 10 Hldgs %
22.62%
Holding
353
New
18
Increased
114
Reduced
136
Closed
24

Top Buys

Rank Stock Value
1
NE
Noble Corporation
NE
+$14M
2
WMT icon
Walmart Inc
WMT
+$4.45M
3
OTEX icon
Open Text
OTEX
+$4.03M
4
TJX icon
TJX Companies
TJX
+$3.63M
5
V icon
Visa
V
+$2.89M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.1M
2
APA icon
APA Corp
APA
+$22.8M
3
BUD icon
AB InBev
BUD
+$20.6M
4
AMP icon
Ameriprise Financial
AMP
+$16.1M
5
PRGO icon
Perrigo
PRGO
+$10.4M

Sector Composition

Rank Sector Weight
1 Healthcare 18.17%
2 Industrials 13.79%
3 Technology 13.42%
4 Financials 9.99%
5 Energy 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XOM icon
1
ExxonMobil
XOM
$651B
$99.8M 3.15%
991,703
+3,605
+0.4% +$364K
RTX icon
2
RTX Corp
RTX
$287B
$92.3M 2.91%
1,270,804
-7,143
-0.6% -$526K
PG icon
3
Procter & Gamble
PG
$343B
$87.9M 2.77%
1,118,659
-6,383
-0.6% -$515K
JNJ icon
4
Johnson & Johnson
JNJ
$635B
$77.8M 2.46%
744,082
-230
-0% -$23.2K
SLB icon
5
SLB Ltd
SLB
$77.8B
$70.5M 2.22%
597,599
-588
-0.1% -$60.6K
ORLY icon
6
O'Reilly Automotive
ORLY
$72.4B
$60.9M 1.92%
6,062,805
-94,440
-2% -$932K
KMX icon
7
CarMax
KMX
$8.27B
$58.8M 1.86%
1,130,572
-2,628
-0.2% -$119K
PEP icon
8
PepsiCo
PEP
$186B
$57.7M 1.82%
645,962
-4,995
-0.8% -$431K
DHR icon
9
Danaher
DHR
$135B
$56.1M 1.77%
1,060,986
+6,820
+0.6% +$350K
SRCL
10
DELISTED
Stericycle Inc
SRCL
$54.6M 1.72%
460,938
-1,205
-0.3% -$138K
AAPL icon
11
Apple
AAPL
$4.89T
$54.4M 1.72%
2,343,408
+21,424
+0.9% +$456K
GE icon
12
GE Aerospace
GE
$367B
$52.4M 1.65%
416,110
+2,880
+0.7% +$366K
SYK icon
13
Stryker
SYK
$127B
$49.7M 1.57%
589,846
-4,055
-0.7% -$331K
KYN icon
14
Kayne Anderson Energy Infrastructure Fund
KYN
$2.52B
$49.4M 1.56%
1,253,860
+35,432
+3% +$1.32M
QCOM icon
15
Qualcomm
QCOM
$176B
$47.3M 1.49%
596,771
+1,883
+0.3% +$150K
WFC icon
16
Wells Fargo
WFC
$261B
$45.8M 1.44%
870,970
+16,539
+2% +$831K
IBM icon
17
IBM
IBM
$202B
$44.8M 1.41%
258,467
-418
-0.2% -$75.2K
IRM icon
18
Iron Mountain
IRM
$38.2B
$44M 1.39%
1,343,662
-26,639
-2% -$723K
MCD icon
19
McDonald's
MCD
$188B
$43.1M 1.36%
428,141
+6,593
+2% +$666K
MSFT icon
20
Microsoft
MSFT
$2.84T
$42.5M 1.34%
1,020,021
+15,219
+2% +$616K
MMM icon
21
3M
MMM
$89B
$41.8M 1.32%
348,886
-4,284
-1% -$503K
PX
22
DELISTED
Praxair Inc
PX
$41.5M 1.31%
312,602
-7,786
-2% -$1.02M
JCI icon
23
Johnson Controls International
JCI
$87.5B
$41M 1.29%
784,358
-23,729
-3% -$1.18M
AFL icon
24
Aflac
AFL
$63.9B
$41M 1.29%
1,316,094
-18,254
-1% -$570K
GOOG icon
25
Alphabet (Google) Class C
GOOG
$3.9T
$40M 1.26%
1,385,012
+71,025
+5% +$1.93M
1
2 3 4 5

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WRCM
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BFM
Boothbay Fund Management New York $7.71B AUM 106.31% 1-Year Est. Return
IMCOOI
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MAM
Magellan Asset Management Sydney, Australia $7.71B AUM 11.08% 1-Year Est. Return
EHC
Everett Harris & Co Los Angeles, California $7.77B AUM 9.43% 1-Year Est. Return
PA
Pinnacle Associates New York $7.78B AUM 45.07% 1-Year Est. Return
PGFC
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Welch & Forbes's Q2 2014 Portfolio in Review

As of Q2 2014, Welch & Forbes held 353 positions worth $3.17B, up 0.35% from $3.16B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $121M in Q2 2014, closing 24 positions and reducing 136 holdings. Its most notable exit was Ansys, an estimated $45.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Noble Corporation worth $14.9M.

  • Welch & Forbes's largest Q2 2014 buy was Noble Corporation: 509,476 shares worth $14.9M.
  • Welch & Forbes added most to Walmart Inc in Q2 2014, an estimated $4.45M increase.
  • Welch & Forbes's biggest Q2 2014 reduction was Expeditors International, cutting an estimated $4.83M.
  • Welch & Forbes fully exited Ansys in Q2 2014, selling an estimated $45.1M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.17B portfolio in Q2 2014.
  • Welch & Forbes opened 18 new positions and closed 24 in Q2 2014.
  • Welch & Forbes's portfolio value rose 0.35% quarter-over-quarter to $3.17B.

Based on Welch & Forbes's 13F filing for Q2 2014, filed 31 Jul 2014.