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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
+8.96%
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
$6.34B
AUM Growth
+$434M
Cap. Flow
-$18.3M
Cap. Flow %
-0.29%
Top 10 Hldgs %
31.79%
Holding
381
New
16
Increased
129
Reduced
167
Closed
6

Top Buys

Rank Stock Value
1
ROL icon
Rollins
ROL
+$2.83M
2
NEE icon
NextEra Energy
NEE
+$2.11M
3
CSL icon
Carlisle Companies
CSL
+$1.82M
4
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$1.63M
5
ACN icon
Accenture
ACN
+$1.39M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$5.88M
2
NVDA icon
NVIDIA
NVDA
+$5.79M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.31M
4
CARR icon
Carrier Global
CARR
+$2.85M
5
MMM icon
3M
MMM
+$1.75M

Sector Composition

Rank Sector Weight
1 Technology 24.85%
2 Healthcare 19.07%
3 Consumer Discretionary 11.87%
4 Financials 11.31%
5 Industrials 8.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.99T
$348M 5.5%
1,796,581
-33,730
-2% -$5.88M
MSFT icon
2
Microsoft
MSFT
$2.92T
$311M 4.91%
914,449
-3,151
-0.3% -$988K
NVDA icon
3
NVIDIA
NVDA
$4.77T
$230M 3.63%
5,440,360
-174,330
-3% -$5.79M
ORLY icon
4
O'Reilly Automotive
ORLY
$75.6B
$205M 3.23%
3,213,855
-54,225
-2% -$3.31M
V icon
5
Visa
V
$697B
$182M 2.87%
767,368
-6,310
-0.8% -$1.44M
DHR icon
6
Danaher
DHR
$140B
$162M 2.55%
760,913
+1,351
+0.2% +$286K
SYK icon
7
Stryker
SYK
$133B
$161M 2.53%
526,394
-5,232
-1% -$1.51M
GOOG icon
8
Alphabet (Google) Class C
GOOG
$4.07T
$143M 2.26%
1,184,599
-4,795
-0.4% -$555K
ANSS
9
DELISTED
Ansys
ANSS
$137M 2.17%
416,263
-3,568
-0.8% -$1.13M
HD icon
10
Home Depot
HD
$343B
$135M 2.13%
434,444
-1,899
-0.4% -$561K
JNJ icon
11
Johnson & Johnson
JNJ
$643B
$132M 2.08%
796,658
-2,045
-0.3% -$330K
PG icon
12
Procter & Gamble
PG
$347B
$123M 1.94%
808,690
+1,666
+0.2% +$251K
FISV
13
Fiserv Inc
FISV
$28.9B
$115M 1.82%
912,463
-5,925
-0.6% -$697K
RTX icon
14
RTX Corp
RTX
$295B
$113M 1.79%
1,156,241
+5,407
+0.5% +$529K
PEP icon
15
PepsiCo
PEP
$195B
$110M 1.74%
593,884
-1,595
-0.3% -$298K
JPM icon
16
JPMorgan Chase
JPM
$950B
$106M 1.68%
730,432
-6,327
-0.9% -$870K
MCD icon
17
McDonald's
MCD
$194B
$96.4M 1.52%
323,133
-1,800
-0.6% -$523K
COST icon
18
Costco
COST
$429B
$93M 1.47%
172,811
+214
+0.1% +$108K
ROP icon
19
Roper Technologies
ROP
$38.7B
$92.1M 1.45%
191,600
-640
-0.3% -$290K
IDXX icon
20
Idexx Laboratories
IDXX
$44.9B
$87M 1.37%
173,306
-1,108
-0.6% -$531K
MTD icon
21
Mettler-Toledo International
MTD
$28.1B
$85.2M 1.34%
64,985
-882
-1% -$1.24M
ECL icon
22
Ecolab
ECL
$79.6B
$85.2M 1.34%
456,122
+712
+0.2% +$123K
WSO icon
23
Watsco Inc
WSO
$15.1B
$81M 1.28%
212,373
-2,481
-1% -$841K
CB icon
24
Chubb
CB
$141B
$79.8M 1.26%
414,375
+1,455
+0.4% +$285K
KMX icon
25
CarMax
KMX
$8.36B
$77.3M 1.22%
923,448
-15,279
-2% -$1.12M
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 Q2 2023 Portfolio in Review

As of Q2 2023, Welch & Forbes held 381 positions worth $6.34B, up 7.4% from $5.91B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q2 2023 filing shows 16 new, 129 increased, 167 reduced and 6 closed positions. Its largest new stake was Rollins: 69,707 shares worth $2.99M. The largest sale was Apple, an estimated $5.88M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q2 2023 buy was Rollins: 69,707 shares worth $2.99M.
  • Welch & Forbes added most to NextEra Energy in Q2 2023, an estimated $2.11M increase.
  • Welch & Forbes's biggest Q2 2023 reduction was Apple, cutting an estimated $5.88M.
  • Welch & Forbes fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q2 2023, selling an estimated $510K.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.34B portfolio in Q2 2023.
  • Welch & Forbes opened 16 new positions and closed 6 in Q2 2023.
  • Welch & Forbes's portfolio value rose 7.4% quarter-over-quarter to $6.34B.

Based on Welch & Forbes's 13F filing for Q2 2023, filed 28 Jul 2023.