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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
+2.54%
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
$2.89B
AUM Growth
-$389M
Cap. Flow
-$443M
Cap. Flow %
-15.3%
Top 10 Hldgs %
25.08%
Holding
354
New
18
Increased
53
Reduced
151
Closed
52

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$24.3M
2
FTV icon
Fortive
FTV
+$14.2M
3
CHKP icon
Check Point Software Technologies
CHKP
+$8.59M
4
META icon
Meta Platforms (Facebook)
META
+$5.58M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$4.17M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$57.4M
2
ANSS
Ansys
ANSS
+$51.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$36M
4
AFL icon
Aflac
AFL
+$32.5M
5
ABBV icon
AbbVie
ABBV
+$31.3M

Sector Composition

Rank Sector Weight
1 Healthcare 21.22%
2 Industrials 12.88%
3 Technology 12.06%
4 Consumer Discretionary 10.77%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPG icon
226
PPG Industries
PPG
$25B
$413K 0.01%
4,000
– –
D icon
227
Dominion Energy
D
$61.3B
$407K 0.01%
5,482
– –
TRV icon
228
Travelers Companies
TRV
$78.4B
$407K 0.01%
3,550
+33
+0.9% +$3.86K
PYPL icon
229
PayPal
PYPL
$49.3B
$406K 0.01%
9,923
– –
ROST icon
230
Ross Stores
ROST
$81B
$401K 0.01%
6,243
– –
MRO
231
DELISTED
Marathon Oil Corporation
MRO
$400K 0.01%
25,275
-1,500
-6% -$22.3K
GD icon
232
General Dynamics
GD
$103B
$393K 0.01%
2,535
– –
HSY icon
233
Hershey
HSY
$35.9B
$392K 0.01%
4,100
– –
OIH icon
234
VanEck Oil Services ETF
OIH
$2.01B
$389K 0.01%
665
– –
VOD icon
235
Vodafone
VOD
$37.2B
$381K 0.01%
13,071
-1,892
-13% -$57.6K
LNC icon
236
Lincoln National
LNC
$8.8B
$379K 0.01%
8,060
– –
ES icon
237
Eversource Energy
ES
$27.8B
$366K 0.01%
6,756
– –
GXC icon
238
State Street SPDR S&P China ETF
GXC
$460M
$364K 0.01%
4,545
-1,100
-19% -$83.2K
WAB icon
239
Wabtec
WAB
$49.4B
$362K 0.01%
4,434
– –
BLK icon
240
Blackrock
BLK
$170B
$359K 0.01%
992
– –
PRAA icon
241
PRA Group
PRAA
$662M
$352K 0.01%
10,200
-1,100
-10% -$32.4K
PNRA
242
DELISTED
Panera Bread Co
PNRA
$351K 0.01%
1,805
– –
WM icon
243
Waste Management
WM
$90.9B
$333K 0.01%
5,215
– –
NXPI icon
244
NXP Semiconductors
NXPI
$61.8B
$332K 0.01%
+3,255
New +$276K
CEF icon
245
Sprott Physical Gold and Silver Trust
CEF
$7.56B
$328K 0.01%
23,734
– –
WDAY icon
246
Workday
WDAY
$39B
$322K 0.01%
3,517
– –
MTSC
247
DELISTED
MTS Systems Corp
MTSC
$318K 0.01%
6,900
– –
FLOT icon
248
iShares Floating Rate Bond ETF
FLOT
$10.2B
$317K 0.01%
6,250
– –
PANW icon
249
Palo Alto Networks
PANW
$265B
$317K 0.01%
11,946
-342
-3% -$7.79K
ISRG icon
250
Intuitive Surgical
ISRG
$126B
$308K 0.01%
3,825
– –
8 9
10
11 12

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OC
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LGF
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CCM
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CL
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WJWM
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WA
Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.85% 1-Year Est. Return
GGHC
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CCM
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Welch & Forbes's Q3 2016 Portfolio in Review

As of Q3 2016, Welch & Forbes held 354 positions worth $2.89B, down 12% from $3.28B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $443M in Q3 2016, closing 52 positions and reducing 151 holdings. Its most notable exit was Apple, an estimated $57.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Chubb worth $24.1M.

  • Welch & Forbes's largest Q3 2016 buy was Chubb: 191,500 shares worth $24.1M.
  • Welch & Forbes added most to Meta Platforms (Facebook) in Q3 2016, an estimated $5.58M increase.
  • Welch & Forbes's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $19.5M.
  • Welch & Forbes fully exited Apple in Q3 2016, selling an estimated $57.4M.
  • Welch & Forbes's ten largest holdings make up 25% of its $2.89B portfolio in Q3 2016.
  • Welch & Forbes opened 18 new positions and closed 52 in Q3 2016.
  • Welch & Forbes's portfolio value fell 12% quarter-over-quarter to $2.89B.

Based on Welch & Forbes's 13F filing for Q3 2016, filed 2 Nov 2016.