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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
+2.54%
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
$2.89B
AUM Growth
-$389M
Cap. Flow
-$443M
Cap. Flow %
-15.3%
Top 10 Hldgs %
25.08%
Holding
354
New
18
Increased
53
Reduced
151
Closed
52

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$24.3M
2
FTV icon
Fortive
FTV
+$14.2M
3
CHKP icon
Check Point Software Technologies
CHKP
+$8.59M
4
META icon
Meta Platforms (Facebook)
META
+$5.58M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$4.17M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$57.4M
2
ANSS
Ansys
ANSS
+$51.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$36M
4
AFL icon
Aflac
AFL
+$32.5M
5
ABBV icon
AbbVie
ABBV
+$31.3M

Sector Composition

Rank Sector Weight
1 Healthcare 21.22%
2 Industrials 12.88%
3 Technology 12.06%
4 Consumer Discretionary 10.77%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORLY icon
1
O'Reilly Automotive
ORLY
$72.4B
$91.1M 3.15%
4,877,400
-178,455
-4% -$3.34M
PG icon
2
Procter & Gamble
PG
$343B
$84.5M 2.92%
941,631
-15,423
-2% -$1.34M
JNJ icon
3
Johnson & Johnson
JNJ
$635B
$83.7M 2.89%
708,435
-15,893
-2% -$1.93M
XOM icon
4
ExxonMobil
XOM
$651B
$80.3M 2.78%
920,532
-3,587
-0.4% -$318K
RTX icon
5
RTX Corp
RTX
$287B
$77.2M 2.67%
1,207,457
-13,713
-1% -$909K
SYK icon
6
Stryker
SYK
$127B
$66.1M 2.29%
568,096
-11,261
-2% -$1.31M
PEP icon
7
PepsiCo
PEP
$186B
$66.1M 2.28%
607,430
-10,061
-2% -$1.08M
V icon
8
Visa
V
$677B
$62.3M 2.16%
753,798
-8,413
-1% -$674K
KMX icon
9
CarMax
KMX
$8.27B
$57.2M 1.98%
1,072,060
-14,434
-1% -$818K
HD icon
10
Home Depot
HD
$332B
$56.8M 1.96%
441,461
-20
-0% -$2.67K
GE icon
11
GE Aerospace
GE
$367B
$56.4M 1.95%
396,968
-7,603
-2% -$1.13M
DHR icon
12
Danaher
DHR
$135B
$56.3M 1.95%
810,030
-270,057
-25% -$19.1M
MSFT icon
13
Microsoft
MSFT
$2.84T
$55M 1.9%
955,716
-10,487
-1% -$592K
SLB icon
14
SLB Ltd
SLB
$77.8B
$47.9M 1.66%
609,211
+2,611
+0.4% +$207K
CVS icon
15
CVS Health
CVS
$137B
$47.4M 1.64%
532,600
-3,684
-0.7% -$348K
ECL icon
16
Ecolab
ECL
$75.6B
$45.6M 1.58%
374,856
-10,208
-3% -$1.23M
FISV
17
Fiserv Inc
FISV
$27.2B
$45.1M 1.56%
906,840
+13,830
+2% +$725K
MMM icon
18
3M
MMM
$89B
$45M 1.56%
305,738
-1,781
-0.6% -$266K
IRM icon
19
Iron Mountain
IRM
$38.2B
$43.9M 1.52%
1,169,659
-37,441
-3% -$1.44M
PAYX icon
20
Paychex
PAYX
$40.4B
$43M 1.49%
742,655
-18,336
-2% -$1.1M
WFC icon
21
Wells Fargo
WFC
$261B
$42.3M 1.46%
954,222
+7,018
+0.7% +$336K
MCD icon
22
McDonald's
MCD
$188B
$39.2M 1.36%
340,025
-7,800
-2% -$924K
EMLP icon
23
First Trust North American Energy Infrastructure Fund
EMLP
$4.18B
$36.8M 1.27%
1,453,003
+19,792
+1% +$493K
PFE icon
24
Pfizer
PFE
$140B
$34.9M 1.21%
1,086,824
-13,188
-1% -$441K
INTC icon
25
Intel
INTC
$466B
$34.7M 1.2%
919,258
-4,999
-0.5% -$177K
1
2 3 4 5

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WRCM
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BFM
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IMCOOI
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MAM
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EHC
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PA
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PGFC
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Welch & Forbes's Q3 2016 Portfolio in Review

As of Q3 2016, Welch & Forbes held 354 positions worth $2.89B, down 12% from $3.28B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $443M in Q3 2016, closing 52 positions and reducing 151 holdings. Its most notable exit was Apple, an estimated $57.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Chubb worth $24.1M.

  • Welch & Forbes's largest Q3 2016 buy was Chubb: 191,500 shares worth $24.1M.
  • Welch & Forbes added most to Meta Platforms (Facebook) in Q3 2016, an estimated $5.58M increase.
  • Welch & Forbes's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $19.5M.
  • Welch & Forbes fully exited Apple in Q3 2016, selling an estimated $57.4M.
  • Welch & Forbes's ten largest holdings make up 25% of its $2.89B portfolio in Q3 2016.
  • Welch & Forbes opened 18 new positions and closed 52 in Q3 2016.
  • Welch & Forbes's portfolio value fell 12% quarter-over-quarter to $2.89B.

Based on Welch & Forbes's 13F filing for Q3 2016, filed 2 Nov 2016.