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WF

Welch & Forbes Portfolio holdings

AUM $8.23B
1-Year Est. Return 17.62%
This Fund
S&P 500
This Quarter Est. Return
-3.61%
1 Year Est. Return
+17.62%
3 Year Est. Return
+73.71%
5 Year Est. Return
+105.59%
10 Year Est. Return
+384.92%
AUM
$6.05B
AUM Growth
-$292M
Cap. Flow
-$13.2M
Cap. Flow %
-0.22%
Top 10 Hldgs %
31.48%
Holding
382
New
7
Increased
100
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
DNA icon
Ginkgo Bioworks
DNA
+$14M
2
NEE icon
NextEra Energy
NEE
+$9.06M
3
LLY icon
Eli Lilly
LLY
+$4.07M
4
ACN icon
Accenture
ACN
+$2.07M
5
OMC icon
Omnicom Group
OMC
+$2.03M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$13.8M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.76M
3
MSFT icon
Microsoft
MSFT
+$3.06M
4
JNJ icon
Johnson & Johnson
JNJ
+$2.16M
5
AAPL icon
Apple
AAPL
+$2.08M

Sector Composition

Rank Sector Weight
1 Technology 24.45%
2 Healthcare 18.9%
3 Financials 11.77%
4 Consumer Discretionary 11.76%
5 Consumer Staples 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.9T
$306M 5.05%
1,785,262
-11,319
-0.6% -$2.08M
MSFT icon
2
Microsoft
MSFT
$3.35T
$286M 4.73%
905,192
-9,257
-1% -$3.06M
NVDA icon
3
NVIDIA
NVDA
$4.72T
$223M 3.69%
5,131,660
-308,700
-6% -$13.8M
ORLY icon
4
O'Reilly Automotive
ORLY
$72.4B
$193M 3.2%
3,193,050
-20,805
-0.6% -$1.31M
V icon
5
Visa
V
$673B
$175M 2.9%
761,967
-5,401
-0.7% -$1.3M
DHR icon
6
Danaher
DHR
$138B
$168M 2.77%
762,907
+1,994
+0.3% +$445K
GOOG icon
7
Alphabet (Google) Class C
GOOG
$4.08T
$155M 2.56%
1,172,310
-12,289
-1% -$1.6M
SYK icon
8
Stryker
SYK
$133B
$143M 2.37%
524,199
-2,195
-0.4% -$629K
HD icon
9
Home Depot
HD
$332B
$131M 2.16%
432,945
-1,499
-0.3% -$482K
ANSS
10
DELISTED
Ansys
ANSS
$124M 2.05%
416,399
+136
+0% +$43.1K
JNJ icon
11
Johnson & Johnson
JNJ
$617B
$122M 2.02%
783,551
-13,107
-2% -$2.16M
PG icon
12
Procter & Gamble
PG
$335B
$118M 1.94%
805,977
-2,713
-0.3% -$414K
JPM icon
13
JPMorgan Chase
JPM
$933B
$105M 1.74%
726,078
-4,354
-0.6% -$653K
FISV
14
Fiserv Inc
FISV
$28.8B
$103M 1.7%
908,838
-3,625
-0.4% -$446K
PEP icon
15
PepsiCo
PEP
$191B
$100M 1.66%
592,361
-1,523
-0.3% -$277K
COST icon
16
Costco
COST
$423B
$96.1M 1.59%
170,157
-2,654
-2% -$1.46M
ROP icon
17
Roper Technologies
ROP
$38.5B
$94.2M 1.56%
194,535
+2,935
+2% +$1.44M
CB icon
18
Chubb
CB
$135B
$86.8M 1.44%
416,924
+2,549
+0.6% +$515K
MCD icon
19
McDonald's
MCD
$191B
$85.2M 1.41%
323,285
+152
+0% +$43.4K
RTX icon
20
RTX Corp
RTX
$289B
$84.3M 1.39%
1,171,990
+15,749
+1% +$1.35M
WSO icon
21
Watsco Inc
WSO
$12.8B
$80.2M 1.33%
212,396
+23
+0% +$8.32K
ECL icon
22
Ecolab
ECL
$78.6B
$78.3M 1.3%
462,403
+6,281
+1% +$1.14M
IDXX icon
23
Idexx Laboratories
IDXX
$44.1B
$75.4M 1.25%
172,429
-877
-0.5% -$437K
MDY icon
24
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$74.2M 1.23%
162,559
+1,294
+0.8% +$620K
MTD icon
25
Mettler-Toledo International
MTD
$27.9B
$72M 1.19%
64,959
-26
-0% -$31.9K
1
2 3 4 5

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Welch & Forbes's Q3 2023 Portfolio in Review

As of Q3 2023, Welch & Forbes held 382 positions worth $6.05B, down 4.6% from $6.34B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Welch & Forbes's Q3 2023 filing shows 7 new, 100 increased, 189 reduced and 15 closed positions. Its largest new stake was Ginkgo Bioworks: 175,000 shares worth $12.7M. The largest sale was NVIDIA, an estimated $13.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2023 buy was Ginkgo Bioworks: 175,000 shares worth $12.7M.
  • Welch & Forbes added most to NextEra Energy in Q3 2023, an estimated $9.06M increase.
  • Welch & Forbes's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $13.8M.
  • Welch & Forbes fully exited Darden Restaurants in Q3 2023, selling an estimated $427K.
  • Welch & Forbes's ten largest holdings make up 31% of its $6.05B portfolio in Q3 2023.
  • Welch & Forbes opened 7 new positions and closed 15 in Q3 2023.
  • Welch & Forbes's portfolio value fell 4.6% quarter-over-quarter to $6.05B.

Based on Welch & Forbes's 13F filing for Q3 2023, filed 3 Nov 2023.