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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
+2.92%
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
$4.19B
AUM Growth
+$82.5M
Cap. Flow
-$16M
Cap. Flow %
-0.38%
Top 10 Hldgs %
26.27%
Holding
357
New
12
Increased
103
Reduced
137
Closed
9

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$5.5M
2
PFF icon
iShares Preferred and Income Securities ETF
PFF
+$4.23M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$2.72M
4
DD icon
DuPont de Nemours
DD
+$1.81M
5
CMCSA icon
Comcast
CMCSA
+$1.4M

Top Sells

Rank Stock Value
1
MIDD icon
Middleby
MIDD
+$5.77M
2
INTC icon
Intel
INTC
+$4.37M
3
STT icon
State Street
STT
+$3.95M
4
VSS icon
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
+$2.54M
5
WFC icon
Wells Fargo
WFC
+$2.38M

Sector Composition

Rank Sector Weight
1 Healthcare 19.8%
2 Technology 19.23%
3 Financials 12.25%
4 Consumer Discretionary 11.23%
5 Consumer Staples 8.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
V icon
1
Visa
V
$701B
$132M 3.16%
768,605
-8,579
-1% -$1.53M
MSFT icon
2
Microsoft
MSFT
$2.96T
$130M 3.1%
934,461
+39,988
+4% +$5.5M
AAPL icon
3
Apple
AAPL
$4.99T
$122M 2.92%
2,186,840
-15,116
-0.7% -$790K
SYK icon
4
Stryker
SYK
$132B
$114M 2.72%
526,777
-5,621
-1% -$1.21M
ANSS
5
DELISTED
Ansys
ANSS
$104M 2.49%
471,376
-4,081
-0.9% -$859K
DHR icon
6
Danaher
DHR
$141B
$103M 2.47%
807,925
-1,995
-0.2% -$250K
PG icon
7
Procter & Gamble
PG
$352B
$101M 2.42%
815,564
-6,620
-0.8% -$782K
HD icon
8
Home Depot
HD
$343B
$100M 2.39%
431,025
-4,030
-0.9% -$881K
RTX icon
9
RTX Corp
RTX
$293B
$97.7M 2.33%
1,137,362
-20,587
-2% -$1.71M
JNJ icon
10
Johnson & Johnson
JNJ
$648B
$95.5M 2.28%
738,404
-1,197
-0.2% -$158K
ORLY icon
11
O'Reilly Automotive
ORLY
$76.2B
$94.3M 2.25%
3,549,225
-36,435
-1% -$941K
KMX icon
12
CarMax
KMX
$8.3B
$91.5M 2.18%
1,039,982
+5,719
+0.6% +$491K
FISV
13
Fiserv Inc
FISV
$29.1B
$86.5M 2.06%
835,202
-17,301
-2% -$1.77M
PEP icon
14
PepsiCo
PEP
$194B
$82M 1.96%
597,752
-4,360
-0.7% -$579K
JPM icon
15
JPMorgan Chase
JPM
$947B
$75.8M 1.81%
643,853
+3,233
+0.5% +$366K
ECL icon
16
Ecolab
ECL
$79.1B
$75.5M 1.8%
381,068
-2,538
-0.7% -$509K
GOOG icon
17
Alphabet (Google) Class C
GOOG
$4.08T
$71M 1.69%
1,164,440
-2,960
-0.3% -$175K
MCD icon
18
McDonald's
MCD
$193B
$65.2M 1.56%
303,482
-3,484
-1% -$747K
ROP icon
19
Roper Technologies
ROP
$39B
$58.4M 1.39%
163,647
+324
+0.2% +$118K
CB icon
20
Chubb
CB
$141B
$53.1M 1.27%
328,835
+4,100
+1% +$634K
ABT icon
21
Abbott
ABT
$187B
$52.8M 1.26%
631,265
+6,023
+1% +$512K
MTD icon
22
Mettler-Toledo International
MTD
$28B
$51.7M 1.23%
73,408
+998
+1% +$733K
IDXX icon
23
Idexx Laboratories
IDXX
$44.9B
$49.4M 1.18%
181,745
+1,134
+0.6% +$316K
PAYX icon
24
Paychex
PAYX
$42.4B
$46.5M 1.11%
562,232
-11,804
-2% -$981K
XOM icon
25
ExxonMobil
XOM
$634B
$44.5M 1.06%
629,819
-28,250
-4% -$2.04M
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 2019 Portfolio in Review

As of Q3 2019, Welch & Forbes held 357 positions worth $4.19B, up 2% from $4.11B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Welch & Forbes's Q3 2019 filing shows 12 new, 103 increased, 137 reduced and 9 closed positions. Its largest new stake was DuPont de Nemours: 20,585 shares worth $1.84M. The largest sale was Middleby, an estimated $5.77M.

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

  • Welch & Forbes's largest Q3 2019 buy was DuPont de Nemours: 20,585 shares worth $1.84M.
  • Welch & Forbes added most to Microsoft in Q3 2019, an estimated $5.5M increase.
  • Welch & Forbes's biggest Q3 2019 reduction was Middleby, cutting an estimated $5.77M.
  • Welch & Forbes fully exited Anadarko Petroleum in Q3 2019, selling an estimated $2.09M.
  • Welch & Forbes's ten largest holdings make up 26% of its $4.19B portfolio in Q3 2019.
  • Welch & Forbes opened 12 new positions and closed 9 in Q3 2019.
  • Welch & Forbes's portfolio value rose 2% quarter-over-quarter to $4.19B.

Based on Welch & Forbes's 13F filing for Q3 2019, filed 11 Oct 2019.