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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
-11.28%
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
$3.55B
AUM Growth
-$648M
Cap. Flow
-$120M
Cap. Flow %
-3.38%
Top 10 Hldgs %
24.58%
Holding
367
New
7
Increased
73
Reduced
160
Closed
28

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.4M
2
MSFT icon
Microsoft
MSFT
+$4.97M
3
MTD icon
Mettler-Toledo International
MTD
+$4.5M
4
RMD icon
ResMed
RMD
+$3.95M
5
ADBE icon
Adobe
ADBE
+$3.79M

Top Sells

Rank Stock Value
1
PX
Praxair Inc
PX
+$37.8M
2
SLB icon
SLB Ltd
SLB
+$9.29M
3
NVDA icon
NVIDIA
NVDA
+$9.02M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$7.85M
5
BUD icon
AB InBev
BUD
+$5.79M

Sector Composition

Rank Sector Weight
1 Healthcare 21.38%
2 Technology 17.47%
3 Financials 12.26%
4 Consumer Discretionary 10.53%
5 Industrials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
V icon
1
Visa
V
$689B
$108M 3.03%
815,216
-11,798
-1% -$1.63M
JNJ icon
2
Johnson & Johnson
JNJ
$641B
$97.4M 2.75%
754,934
+3,960
+0.5% +$552K
MSFT icon
3
Microsoft
MSFT
$2.89T
$93.8M 2.65%
923,935
+46,398
+5% +$4.97M
AAPL icon
4
Apple
AAPL
$4.95T
$89.9M 2.53%
2,278,848
-75,788
-3% -$3.67M
SYK icon
5
Stryker
SYK
$129B
$86.5M 2.44%
551,604
-4,241
-0.8% -$709K
ORLY icon
6
O'Reilly Automotive
ORLY
$75.1B
$86.4M 2.44%
3,763,725
-71,415
-2% -$1.63M
RTX icon
7
RTX Corp
RTX
$294B
$79.1M 2.23%
1,180,115
-11,654
-1% -$914K
HD icon
8
Home Depot
HD
$335B
$77.9M 2.19%
453,124
-1,108
-0.2% -$199K
PG icon
9
Procter & Gamble
PG
$346B
$76.9M 2.17%
836,862
-12,630
-1% -$1.13M
DHR icon
10
Danaher
DHR
$138B
$76.4M 2.15%
835,705
-1,526
-0.2% -$139K
ANSS
11
DELISTED
Ansys
ANSS
$69.4M 1.96%
485,469
-9,360
-2% -$1.45M
KMX icon
12
CarMax
KMX
$8.29B
$67.2M 1.9%
1,071,589
+8,991
+0.8% +$593K
PEP icon
13
PepsiCo
PEP
$191B
$67M 1.89%
606,891
+231
+0% +$26K
FISV
14
Fiserv Inc
FISV
$27.9B
$63.5M 1.79%
864,553
+6,996
+0.8% +$541K
GOOG icon
15
Alphabet (Google) Class C
GOOG
$3.99T
$62.7M 1.77%
1,210,520
+3,460
+0.3% +$185K
JPM icon
16
JPMorgan Chase
JPM
$947B
$60M 1.69%
614,192
+4,646
+0.8% +$495K
ECL icon
17
Ecolab
ECL
$76.4B
$59.1M 1.67%
400,904
+1,367
+0.3% +$209K
MCD icon
18
McDonald's
MCD
$192B
$57.1M 1.61%
321,821
-7,179
-2% -$1.27M
XOM icon
19
ExxonMobil
XOM
$642B
$48.6M 1.37%
712,605
-36,147
-5% -$2.84M
ABT icon
20
Abbott
ABT
$182B
$45.7M 1.29%
632,328
+4,104
+0.7% +$288K
ROP icon
21
Roper Technologies
ROP
$37.1B
$44M 1.24%
165,050
+2,224
+1% +$629K
MTD icon
22
Mettler-Toledo International
MTD
$27B
$43.3M 1.22%
76,512
+7,745
+11% +$4.5M
MMM icon
23
3M
MMM
$91.9B
$42.3M 1.19%
265,604
-3,305
-1% -$549K
ABBV icon
24
AbbVie
ABBV
$454B
$42.1M 1.19%
456,765
-4,744
-1% -$417K
INTC icon
25
Intel
INTC
$462B
$41.9M 1.18%
892,932
+2,059
+0.2% +$96.4K
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
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 2018 Portfolio in Review

As of Q4 2018, Welch & Forbes held 367 positions worth $3.55B, down 15% from $4.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $120M in Q4 2018, closing 28 positions and reducing 160 holdings. Its most notable exit was Praxair Inc, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Watsco Inc worth $2.3M.

  • Welch & Forbes's largest Q4 2018 buy was Watsco Inc: 16,518 shares worth $2.3M.
  • Welch & Forbes added most to Amazon in Q4 2018, an estimated $10.4M increase.
  • Welch & Forbes's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $9.29M.
  • Welch & Forbes fully exited Praxair Inc in Q4 2018, selling an estimated $37.8M.
  • Welch & Forbes's ten largest holdings make up 25% of its $3.55B portfolio in Q4 2018.
  • Welch & Forbes opened 7 new positions and closed 28 in Q4 2018.
  • Welch & Forbes's portfolio value fell 15% quarter-over-quarter to $3.55B.

Based on Welch & Forbes's 13F filing for Q4 2018, filed 5 Feb 2019.