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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
+5.66%
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
$3.75B
AUM Growth
-$52.5M
Cap. Flow
-$224M
Cap. Flow %
-5.98%
Top 10 Hldgs %
23.33%
Holding
360
New
28
Increased
96
Reduced
143
Closed
22

Top Buys

Rank Stock Value
1
EACQ
Easterly Acquisition Corp
EACQ
+$9.98M
2
AGN
Allergan plc
AGN
+$4.37M
3
PX
Praxair Inc
PX
+$3.81M
4
META icon
Meta Platforms (Facebook)
META
+$2.93M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.65M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$43M
2
CB icon
Chubb
CB
+$38.8M
3
ABT icon
Abbott
ABT
+$33.4M
4
AFL icon
Aflac
AFL
+$29.1M
5
T icon
AT&T
T
+$18.4M

Sector Composition

Rank Sector Weight
1 Healthcare 17.17%
2 Technology 16.95%
3 Financials 11.91%
4 Industrials 10.71%
5 Consumer Discretionary 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSX icon
226
CSX Corp
CSX
$93.4B
$558K 0.01%
30,438
+1,128
+4% +$20K
MTUM icon
227
iShares MSCI USA Momentum Factor ETF
MTUM
$25B
$557K 0.01%
5,400
– –
JKHY icon
228
Jack Henry & Associates
JKHY
$10.9B
$553K 0.01%
4,725
– –
GD icon
229
General Dynamics
GD
$104B
$543K 0.01%
2,668
+183
+7% +$37.4K
VV icon
230
Vanguard Morningstar Large-Cap ETF
VV
$52.4B
$539K 0.01%
+4,400
New +$526K
VO icon
231
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$538K 0.01%
+13,892
New +$524K
KHC icon
232
Kraft Heinz
KHC
$30.7B
$530K 0.01%
6,804
-125
-2% -$9.82K
K
233
DELISTED
Kellanova
K
$527K 0.01%
8,257
+277
+3% +$16.7K
CDK
234
DELISTED
CDK Global, Inc.
CDK
$525K 0.01%
7,363
-490
-6% -$32.9K
DEEP icon
235
Acquirers Small and Micro Deep Value ETF
DEEP
$27.4M
$519K 0.01%
15,809
– –
SCHD icon
236
Schwab US Dividend Equity ETF
SCHD
$103B
$517K 0.01%
30,300
– –
HBI
237
DELISTED
Hanesbrands
HBI
$512K 0.01%
24,450
– –
BLK icon
238
Blackrock
BLK
$169B
$506K 0.01%
985
– –
TGT icon
239
Target
TGT
$65.6B
$504K 0.01%
7,730
+264
+4% +$15.9K
VSM
240
DELISTED
Versum Materials, Inc.
VSM
$504K 0.01%
13,323
-1,282
-9% -$50K
AMT icon
241
American Tower
AMT
$80.8B
$503K 0.01%
3,525
+52
+1% +$7.42K
ESRX
242
DELISTED
Express Scripts Holding Company
ESRX
$503K 0.01%
6,738
-1,729
-20% -$111K
JWN
243
DELISTED
Nordstrom
JWN
$502K 0.01%
10,600
– –
ROST icon
244
Ross Stores
ROST
$80.5B
$501K 0.01%
6,243
– –
PAGP icon
245
Plains GP Holdings
PAGP
$5.21B
$493K 0.01%
22,444
-6,535
-23% -$138K
MOO icon
246
VanEck Agribusiness ETF
MOO
$972M
$487K 0.01%
7,900
– –
AMAT icon
247
Applied Materials
AMAT
$403B
$482K 0.01%
9,443
+2,844
+43% +$154K
HSY icon
248
Hershey
HSY
$35.2B
$482K 0.01%
4,250
+150
+4% +$16.5K
UN
249
DELISTED
Unilever NV New York Registry Shares
UN
$479K 0.01%
8,500
– –
BAX icon
250
Baxter International
BAX
$13.5B
$473K 0.01%
7,321
+59
+0.8% +$3.79K
8 9
10
11 12

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OC
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LGF
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CCM
Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return
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
Gilder Gagnon Howe & Co New York $8.34B AUM 46.58% 1-Year Est. Return
CCM
Coldstream Capital Management Bellevue, Washington $8.12B AUM 17.95% 1-Year Est. Return

Welch & Forbes's Q4 2017 Portfolio in Review

As of Q4 2017, Welch & Forbes held 360 positions worth $3.75B, down 1.4% from $3.8B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $224M in Q4 2017, closing 22 positions and reducing 143 holdings. Its most notable exit was AbbVie, an estimated $43M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Easterly Acquisition Corp worth $10M.

  • Welch & Forbes's largest Q4 2017 buy was Easterly Acquisition Corp: 994,036 shares worth $10M.
  • Welch & Forbes added most to Praxair Inc in Q4 2017, an estimated $3.81M increase.
  • Welch & Forbes's biggest Q4 2017 reduction was GE Aerospace, cutting an estimated $8.07M.
  • Welch & Forbes fully exited AbbVie in Q4 2017, selling an estimated $43M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.75B portfolio in Q4 2017.
  • Welch & Forbes opened 28 new positions and closed 22 in Q4 2017.
  • Welch & Forbes's portfolio value fell 1.4% quarter-over-quarter to $3.75B.

Based on Welch & Forbes's 13F filing for Q4 2017, filed 26 Jan 2018.