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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
+4.95%
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
$3.17B
AUM Growth
+$11.1M
Cap. Flow
-$121M
Cap. Flow %
-3.83%
Top 10 Hldgs %
22.62%
Holding
353
New
18
Increased
114
Reduced
136
Closed
24

Top Buys

Rank Stock Value
1
NE
Noble Corporation
NE
+$14M
2
WMT icon
Walmart Inc
WMT
+$4.45M
3
OTEX icon
Open Text
OTEX
+$4.03M
4
TJX icon
TJX Companies
TJX
+$3.63M
5
V icon
Visa
V
+$2.89M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.1M
2
APA icon
APA Corp
APA
+$22.8M
3
BUD icon
AB InBev
BUD
+$20.6M
4
AMP icon
Ameriprise Financial
AMP
+$16.1M
5
PRGO icon
Perrigo
PRGO
+$10.4M

Sector Composition

Rank Sector Weight
1 Healthcare 18.17%
2 Industrials 13.79%
3 Technology 13.42%
4 Financials 9.99%
5 Energy 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HES
226
DELISTED
Hess
HES
$665K 0.02%
6,720
– –
IWB icon
227
iShares Russell 1000 ETF
IWB
$47.9B
$661K 0.02%
6,000
– –
QQQ icon
228
Invesco QQQ Trust
QQQ
$450B
$653K 0.02%
6,957
– –
PPG icon
229
PPG Industries
PPG
$25B
$644K 0.02%
6,128
-500
-8% -$49.6K
D icon
230
Dominion Energy
D
$61.3B
$643K 0.02%
8,993
+666
+8% +$46.7K
UN
231
DELISTED
Unilever NV New York Registry Shares
UN
$643K 0.02%
14,700
-3,400
-19% -$146K
IT icon
232
Gartner
IT
$10.2B
$642K 0.02%
9,100
– –
DMLP icon
233
Dorchester Minerals
DMLP
$1.3B
$636K 0.02%
20,820
– –
META icon
234
Meta Platforms (Facebook)
META
$1.37T
$600K 0.02%
8,921
+400
+5% +$24.6K
RBS.PRH.CL
235
DELISTED
Royal Bank Of Scotland Group
RBS.PRH.CL
$599K 0.02%
23,666
– –
NTRS icon
236
Northern Trust
NTRS
$22.4B
$594K 0.02%
9,250
-250
-3% -$15.4K
TGT icon
237
Target
TGT
$65.6B
$576K 0.02%
9,939
+1,760
+22% +$104K
JNK icon
238
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.07B
$568K 0.02%
4,536
– –
SO icon
239
Southern Company
SO
$106B
$549K 0.02%
12,078
-13,208
-52% -$584K
POM
240
DELISTED
PEPCO HOLDINGS, INC.
POM
$544K 0.02%
19,800
– –
LNC icon
241
Lincoln National
LNC
$8.8B
$543K 0.02%
10,560
– –
PNC icon
242
PNC Financial Services
PNC
$99.2B
$535K 0.02%
6,007
-80
-1% -$6.83K
WTRG icon
243
Essential Utilities
WTRG
$11.4B
$531K 0.02%
20,264
+187
+0.9% +$4.7K
EWY icon
244
iShares MSCI South Korea ETF
EWY
$22.5B
$518K 0.02%
7,965
-2,590
-25% -$166K
MTB icon
245
M&T Bank
MTB
$35.8B
$513K 0.02%
4,135
– –
MTSC
246
DELISTED
MTS Systems Corp
MTSC
$508K 0.02%
7,500
-250
-3% -$16.7K
K
247
DELISTED
Kellanova
K
$507K 0.02%
8,211
-85
-1% -$5.32K
WAT icon
248
Waters Corp
WAT
$37.3B
$506K 0.02%
4,850
-100
-2% -$10.5K
PNRA
249
DELISTED
Panera Bread Co
PNRA
$505K 0.02%
3,368
– –
KRFT
250
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$500K 0.02%
8,346
-750
-8% -$43.4K
8 9
10
11 12

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CCM
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CL
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WJWM
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GGHC
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CCM
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Welch & Forbes's Q2 2014 Portfolio in Review

As of Q2 2014, Welch & Forbes held 353 positions worth $3.17B, up 0.35% from $3.16B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $121M in Q2 2014, closing 24 positions and reducing 136 holdings. Its most notable exit was Ansys, an estimated $45.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Noble Corporation worth $14.9M.

  • Welch & Forbes's largest Q2 2014 buy was Noble Corporation: 509,476 shares worth $14.9M.
  • Welch & Forbes added most to Walmart Inc in Q2 2014, an estimated $4.45M increase.
  • Welch & Forbes's biggest Q2 2014 reduction was Expeditors International, cutting an estimated $4.83M.
  • Welch & Forbes fully exited Ansys in Q2 2014, selling an estimated $45.1M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.17B portfolio in Q2 2014.
  • Welch & Forbes opened 18 new positions and closed 24 in Q2 2014.
  • Welch & Forbes's portfolio value rose 0.35% quarter-over-quarter to $3.17B.

Based on Welch & Forbes's 13F filing for Q2 2014, filed 31 Jul 2014.