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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.9T
$343M 5.18%
1,781,734
-3,528
-0.2% -$651K
MSFT icon
2
Microsoft
MSFT
$3.35T
$340M 5.14%
904,798
-394
-0% -$140K
NVDA icon
3
NVIDIA
NVDA
$4.72T
$255M 3.85%
5,143,360
+11,700
+0.2% +$542K
ORLY icon
4
O'Reilly Automotive
ORLY
$72.4B
$198M 3%
3,133,440
-59,610
-2% -$3.77M
V icon
5
Visa
V
$673B
$197M 2.98%
757,672
-4,295
-0.6% -$1.06M
GOOG icon
6
Alphabet (Google) Class C
GOOG
$4.08T
$165M 2.5%
1,173,231
+921
+0.1% +$125K
SYK icon
7
Stryker
SYK
$133B
$157M 2.37%
524,321
+122
+0% +$34.2K
DHR icon
8
Danaher
DHR
$138B
$156M 2.35%
673,433
-89,474
-12% -$19M
ANSS
9
DELISTED
Ansys
ANSS
$151M 2.28%
415,336
-1,063
-0.3% -$315K
HD icon
10
Home Depot
HD
$332B
$150M 2.26%
431,719
-1,226
-0.3% -$380K
JPM icon
11
JPMorgan Chase
JPM
$933B
$123M 1.86%
722,717
-3,361
-0.5% -$509K
FISV
12
Fiserv Inc
FISV
$28.8B
$121M 1.83%
912,559
+3,721
+0.4% +$457K
JNJ icon
13
Johnson & Johnson
JNJ
$617B
$121M 1.82%
768,845
-14,706
-2% -$2.25M
PG icon
14
Procter & Gamble
PG
$335B
$117M 1.77%
800,581
-5,396
-0.7% -$799K
COST icon
15
Costco
COST
$423B
$113M 1.71%
171,314
+1,157
+0.7% +$686K
ROP icon
16
Roper Technologies
ROP
$38.5B
$107M 1.61%
195,657
+1,122
+0.6% +$578K
PEP icon
17
PepsiCo
PEP
$191B
$100M 1.52%
591,301
-1,060
-0.2% -$176K
RTX icon
18
RTX Corp
RTX
$289B
$98.6M 1.49%
1,172,281
+291
+0% +$23K
IDXX icon
19
Idexx Laboratories
IDXX
$44.1B
$95.1M 1.44%
171,311
-1,118
-0.6% -$525K
MCD icon
20
McDonald's
MCD
$191B
$94.9M 1.43%
320,213
-3,072
-1% -$836K
CB icon
21
Chubb
CB
$135B
$94M 1.42%
415,828
-1,096
-0.3% -$240K
MDY icon
22
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$93.9M 1.42%
185,128
+22,569
+14% +$10.5M
ECL icon
23
Ecolab
ECL
$78.6B
$92.7M 1.4%
467,365
+4,962
+1% +$892K
WSO icon
24
Watsco Inc
WSO
$12.8B
$91.6M 1.38%
213,689
+1,293
+0.6% +$501K
LLY icon
25
Eli Lilly
LLY
$1.03T
$77.6M 1.17%
133,093
+3,340
+3% +$1.95M
1
2 3 4 5

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Welch & Forbes's Q4 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.