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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
+3.82%
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
$3.87B
AUM Growth
-$13.1M
Cap. Flow
-$131M
Cap. Flow %
-3.37%
Top 10 Hldgs %
23.72%
Holding
372
New
16
Increased
96
Reduced
171
Closed
13

Top Buys

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$7.62M
2
STZ icon
Constellation Brands
STZ
+$4.4M
3
CHX
ChampionX
CHX
+$3.45M
4
SWK icon
Stanley Black & Decker
SWK
+$3.4M
5
VLO icon
Valero Energy
VLO
+$2.9M

Top Sells

Rank Stock Value
1
CB icon
Chubb
CB
+$41.6M
2
CHKP icon
Check Point Software Technologies
CHKP
+$11.3M
3
MDT icon
Medtronic
MDT
+$9.78M
4
BEN icon
Franklin Resources
BEN
+$8.22M
5
CELG
Celgene Corp
CELG
+$7.52M

Sector Composition

Rank Sector Weight
1 Healthcare 18.99%
2 Technology 17.92%
3 Financials 11.59%
4 Consumer Discretionary 9.63%
5 Industrials 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
V icon
1
Visa
V
$677B
$111M 2.86%
836,161
-2,809
-0.3% -$362K
AAPL icon
2
Apple
AAPL
$4.89T
$110M 2.85%
2,378,960
-19,556
-0.8% -$887K
SYK icon
3
Stryker
SYK
$127B
$94.9M 2.45%
561,984
-4,075
-0.7% -$685K
RTX icon
4
RTX Corp
RTX
$287B
$94.3M 2.44%
1,198,039
-18,506
-2% -$1.45M
JNJ icon
5
Johnson & Johnson
JNJ
$635B
$91.4M 2.36%
753,042
-11,174
-1% -$1.39M
HD icon
6
Home Depot
HD
$332B
$89.1M 2.3%
456,641
-4,871
-1% -$910K
MSFT icon
7
Microsoft
MSFT
$2.84T
$88.2M 2.28%
893,927
-24,293
-3% -$2.35M
ANSS
8
DELISTED
Ansys
ANSS
$87.4M 2.26%
501,700
+7,556
+2% +$1.26M
KMX icon
9
CarMax
KMX
$8.27B
$77.9M 2.01%
1,068,771
-6,248
-0.6% -$417K
DHR icon
10
Danaher
DHR
$135B
$73.5M 1.9%
840,359
-6,561
-0.8% -$585K
ORLY icon
11
O'Reilly Automotive
ORLY
$72.4B
$70.4M 1.82%
3,861,165
-54,675
-1% -$952K
GOOG icon
12
Alphabet (Google) Class C
GOOG
$3.9T
$67.3M 1.74%
1,205,860
+1,780
+0.1% +$96.2K
PG icon
13
Procter & Gamble
PG
$343B
$67M 1.73%
858,865
-36,244
-4% -$2.73M
PEP icon
14
PepsiCo
PEP
$186B
$66.3M 1.72%
609,237
-6,265
-1% -$647K
FISV
15
Fiserv Inc
FISV
$27.2B
$63.9M 1.65%
862,745
+1,359
+0.2% +$98.7K
XOM icon
16
ExxonMobil
XOM
$651B
$63.5M 1.64%
767,156
-28,761
-4% -$2.29M
JPM icon
17
JPMorgan Chase
JPM
$939B
$63M 1.63%
604,150
+9,085
+2% +$997K
NVDA icon
18
NVIDIA
NVDA
$5.01T
$62.2M 1.61%
10,507,040
-187,920
-2% -$1.14M
ECL icon
19
Ecolab
ECL
$75.6B
$56.2M 1.45%
400,793
+884
+0.2% +$128K
MCD icon
20
McDonald's
MCD
$188B
$51.9M 1.34%
331,141
-3,679
-1% -$597K
WFC icon
21
Wells Fargo
WFC
$261B
$49.9M 1.29%
899,754
-20,532
-2% -$1.1M
META icon
22
Meta Platforms (Facebook)
META
$1.51T
$47.6M 1.23%
244,732
+11,837
+5% +$2.14M
RTN
23
DELISTED
Raytheon Company
RTN
$45.5M 1.18%
235,565
+12,720
+6% +$2.67M
ROP icon
24
Roper Technologies
ROP
$36.3B
$44.5M 1.15%
161,285
+7,530
+5% +$2.08M
MMM icon
25
3M
MMM
$89B
$44.3M 1.15%
269,577
-2,932
-1% -$500K
1
2 3 4 5

Similar funds

SIAU
SB Investment Advisers (UK) London, United Kingdom $7.73B AUM 2.35% 1-Year Est. Return
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 Q2 2018 Portfolio in Review

As of Q2 2018, Welch & Forbes held 372 positions worth $3.87B, down 0.34% from $3.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Welch & Forbes withdrew a net $131M in Q2 2018, closing 13 positions and reducing 171 holdings. Its most notable exit was Chubb, an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in ChampionX worth $3.52M.

  • Welch & Forbes's largest Q2 2018 buy was ChampionX: 84,371 shares worth $3.52M.
  • Welch & Forbes added most to Thermo Fisher Scientific in Q2 2018, an estimated $7.62M increase.
  • Welch & Forbes's biggest Q2 2018 reduction was Franklin Resources, cutting an estimated $8.22M.
  • Welch & Forbes fully exited Chubb in Q2 2018, selling an estimated $41.6M.
  • Welch & Forbes's ten largest holdings make up 24% of its $3.87B portfolio in Q2 2018.
  • Welch & Forbes opened 16 new positions and closed 13 in Q2 2018.
  • Welch & Forbes's portfolio value fell 0.34% quarter-over-quarter to $3.87B.

Based on Welch & Forbes's 13F filing for Q2 2018, filed 16 Jul 2018.