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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
-11.28%
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
$3.55B
AUM Growth
-$648M
Cap. Flow
-$120M
Cap. Flow %
-3.38%
Top 10 Hldgs %
24.58%
Holding
367
New
7
Increased
73
Reduced
160
Closed
28

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.4M
2
MSFT icon
Microsoft
MSFT
+$4.97M
3
MTD icon
Mettler-Toledo International
MTD
+$4.5M
4
RMD icon
ResMed
RMD
+$3.95M
5
ADBE icon
Adobe
ADBE
+$3.79M

Top Sells

Rank Stock Value
1
PX
Praxair Inc
PX
+$37.8M
2
SLB icon
SLB Ltd
SLB
+$9.29M
3
NVDA icon
NVIDIA
NVDA
+$9.02M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$7.85M
5
BUD icon
AB InBev
BUD
+$5.79M

Sector Composition

Rank Sector Weight
1 Healthcare 21.38%
2 Technology 17.47%
3 Financials 12.26%
4 Consumer Discretionary 10.53%
5 Industrials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ISRG icon
226
Intuitive Surgical
ISRG
$126B
$610K 0.02%
3,825
– –
IWR icon
227
iShares Russell Mid-Cap ETF
IWR
$56.1B
$607K 0.02%
13,056
– –
SCHD icon
228
Schwab US Dividend Equity ETF
SCHD
$103B
$601K 0.02%
38,355
– –
SO icon
229
Southern Company
SO
$106B
$601K 0.02%
13,674
+317
+2% +$14.4K
B
230
Barrick Mining
B
$63.2B
$600K 0.02%
44,323
-3,000
-6% -$38.8K
NTRS icon
231
Northern Trust
NTRS
$22.4B
$596K 0.02%
7,137
– –
OZK icon
232
Bank OZK
OZK
$5.57B
$593K 0.02%
25,979
-74,330
-74% -$2.06M
CAH icon
233
Cardinal Health
CAH
$53.2B
$592K 0.02%
13,260
-25
-0.2% -$1.3K
FTSM icon
234
First Trust Enhanced Short Maturity ETF
FTSM
$6.51B
$580K 0.02%
9,701
+1,320
+16% +$79.2K
MTUM icon
235
iShares MSCI USA Momentum Factor ETF
MTUM
$24.9B
$579K 0.02%
5,780
– –
IWF icon
236
iShares Russell 1000 Growth ETF
IWF
$120B
$578K 0.02%
17,656
-440
-2% -$15.5K
EV
237
DELISTED
Eaton Vance Corp.
EV
$567K 0.02%
16,114
-396
-2% -$16.7K
WDAY icon
238
Workday
WDAY
$39B
$561K 0.02%
3,517
– –
CRM icon
239
Salesforce
CRM
$148B
$560K 0.02%
4,094
– –
BNS icon
240
Scotiabank
BNS
$107B
$548K 0.02%
11,000
– –
CTSH icon
241
Cognizant
CTSH
$24.3B
$541K 0.02%
8,516
– –
ACN icon
242
Accenture
ACN
$99.9B
$533K 0.02%
3,777
+445
+13% +$70.4K
ROST icon
243
Ross Stores
ROST
$81B
$519K 0.01%
6,243
-18
-0.3% -$1.63K
HUBB icon
244
Hubbell
HUBB
$25B
$516K 0.01%
5,198
– –
TGT icon
245
Target
TGT
$65.6B
$490K 0.01%
7,416
– –
JWN
246
DELISTED
Nordstrom
JWN
$489K 0.01%
10,500
– –
PPG icon
247
PPG Industries
PPG
$25B
$485K 0.01%
4,743
+2,664
+128% +$276K
WTRG icon
248
Essential Utilities
WTRG
$11.4B
$485K 0.01%
14,187
– –
WM icon
249
Waste Management
WM
$90.9B
$479K 0.01%
5,385
+60
+1% +$5.39K
DEEP icon
250
Acquirers Small and Micro Deep Value ETF
DEEP
$27.5M
$475K 0.01%
15,809
– –
8 9
10
11 12

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OC
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LGF
LGT Group Foundation Vaduz, Liechtenstein $8.19B AUM 27.7% 1-Year Est. Return
CCM
Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return
CL
Choreo LLC Rockford, Illinois $8.15B AUM 20.12% 1-Year Est. Return
WJWM
Williams Jones Wealth Management New York $8.14B AUM 19.32% 1-Year Est. Return
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 2018 Portfolio in Review

As of Q4 2018, Welch & Forbes held 367 positions worth $3.55B, down 15% from $4.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $120M in Q4 2018, closing 28 positions and reducing 160 holdings. Its most notable exit was Praxair Inc, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Watsco Inc worth $2.3M.

  • Welch & Forbes's largest Q4 2018 buy was Watsco Inc: 16,518 shares worth $2.3M.
  • Welch & Forbes added most to Amazon in Q4 2018, an estimated $10.4M increase.
  • Welch & Forbes's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $9.29M.
  • Welch & Forbes fully exited Praxair Inc in Q4 2018, selling an estimated $37.8M.
  • Welch & Forbes's ten largest holdings make up 25% of its $3.55B portfolio in Q4 2018.
  • Welch & Forbes opened 7 new positions and closed 28 in Q4 2018.
  • Welch & Forbes's portfolio value fell 15% quarter-over-quarter to $3.55B.

Based on Welch & Forbes's 13F filing for Q4 2018, filed 5 Feb 2019.