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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
+5.66%
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
$3.75B
AUM Growth
-$52.5M
Cap. Flow
-$224M
Cap. Flow %
-5.98%
Top 10 Hldgs %
23.33%
Holding
360
New
28
Increased
96
Reduced
143
Closed
22

Top Buys

Rank Stock Value
1
EACQ
Easterly Acquisition Corp
EACQ
+$9.98M
2
AGN
Allergan plc
AGN
+$4.37M
3
PX
Praxair Inc
PX
+$3.81M
4
META icon
Meta Platforms (Facebook)
META
+$2.93M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.65M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$43M
2
CB icon
Chubb
CB
+$38.8M
3
ABT icon
Abbott
ABT
+$33.4M
4
AFL icon
Aflac
AFL
+$29.1M
5
T icon
AT&T
T
+$18.4M

Sector Composition

Rank Sector Weight
1 Healthcare 17.17%
2 Technology 16.95%
3 Financials 11.91%
4 Industrials 10.71%
5 Consumer Discretionary 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.89T
$100M 2.68%
2,372,092
-18,464
-0.8% -$772K
JNJ icon
2
Johnson & Johnson
JNJ
$635B
$97.6M 2.6%
698,363
-9,644
-1% -$1.34M
RTX icon
3
RTX Corp
RTX
$287B
$97.2M 2.6%
1,210,998
-10,093
-0.8% -$766K
V icon
4
Visa
V
$677B
$95.1M 2.54%
833,873
-4,231
-0.5% -$467K
HD icon
5
Home Depot
HD
$332B
$88.2M 2.36%
465,532
-7,983
-2% -$1.38M
SYK icon
6
Stryker
SYK
$127B
$86.6M 2.31%
559,435
-3,769
-0.7% -$575K
PG icon
7
Procter & Gamble
PG
$343B
$84.2M 2.25%
915,943
-12,910
-1% -$1.16M
MSFT icon
8
Microsoft
MSFT
$2.84T
$79.4M 2.12%
928,574
-14,548
-2% -$1.19M
PEP icon
9
PepsiCo
PEP
$186B
$73.4M 1.96%
611,777
-2,050
-0.3% -$234K
ANSS
10
DELISTED
Ansys
ANSS
$72M 1.92%
487,752
-5,008
-1% -$709K
XOM icon
11
ExxonMobil
XOM
$651B
$71.4M 1.91%
853,376
-21,823
-2% -$1.8M
DHR icon
12
Danaher
DHR
$135B
$69.2M 1.85%
841,076
-8,919
-1% -$725K
KMX icon
13
CarMax
KMX
$8.27B
$69.2M 1.85%
1,078,850
-2,393
-0.2% -$171K
JPM icon
14
JPMorgan Chase
JPM
$939B
$63.5M 1.69%
593,693
-1,665
-0.3% -$169K
ORLY icon
15
O'Reilly Automotive
ORLY
$72.4B
$63.5M 1.69%
3,958,530
-87,135
-2% -$1.3M
GOOG icon
16
Alphabet (Google) Class C
GOOG
$3.9T
$62.2M 1.66%
1,188,540
+3,360
+0.3% +$171K
MCD icon
17
McDonald's
MCD
$188B
$57.4M 1.53%
333,756
-5,716
-2% -$960K
WFC icon
18
Wells Fargo
WFC
$261B
$56.4M 1.51%
930,197
+2,285
+0.2% +$129K
FISV
19
Fiserv Inc
FISV
$27.2B
$55.9M 1.49%
852,674
-9,672
-1% -$625K
MMM icon
20
3M
MMM
$89B
$55.5M 1.48%
282,037
-7,219
-2% -$1.39M
ECL icon
21
Ecolab
ECL
$75.6B
$52.6M 1.4%
391,890
-2,174
-0.6% -$289K
NVDA icon
22
NVIDIA
NVDA
$5.01T
$52M 1.39%
10,759,480
-377,480
-3% -$1.87M
PAYX icon
23
Paychex
PAYX
$40.4B
$45.2M 1.21%
663,975
-14,388
-2% -$944K
MTD icon
24
Mettler-Toledo International
MTD
$26.8B
$43.3M 1.16%
69,971
-1,160
-2% -$742K
MDY icon
25
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$27B
$43.2M 1.15%
124,999
-918
-0.7% -$309K
1
2 3 4 5

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SIAU
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WRCM
Whale Rock Capital Management Boston, Massachusetts $7.74B AUM 180.85% 1-Year Est. Return
BFM
Boothbay Fund Management New York $7.71B AUM 106.31% 1-Year Est. Return
IMCOOI
Investment Management Corp of Ontario (IMCO) Toronto, Canada $7.76B AUM 99.29% 1-Year Est. Return
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
Peapack-Gladstone Financial Corp Bedminster, New Jersey $7.82B AUM 21.06% 1-Year Est. Return

Welch & Forbes's Q4 2017 Portfolio in Review

As of Q4 2017, Welch & Forbes held 360 positions worth $3.75B, down 1.4% from $3.8B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $224M in Q4 2017, closing 22 positions and reducing 143 holdings. Its most notable exit was AbbVie, an estimated $43M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Easterly Acquisition Corp worth $10M.

  • Welch & Forbes's largest Q4 2017 buy was Easterly Acquisition Corp: 994,036 shares worth $10M.
  • Welch & Forbes added most to Praxair Inc in Q4 2017, an estimated $3.81M increase.
  • Welch & Forbes's biggest Q4 2017 reduction was GE Aerospace, cutting an estimated $8.07M.
  • Welch & Forbes fully exited AbbVie in Q4 2017, selling an estimated $43M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.75B portfolio in Q4 2017.
  • Welch & Forbes opened 28 new positions and closed 22 in Q4 2017.
  • Welch & Forbes's portfolio value fell 1.4% quarter-over-quarter to $3.75B.

Based on Welch & Forbes's 13F filing for Q4 2017, filed 26 Jan 2018.