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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
+11.73%
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
$5.58B
AUM Growth
+$459M
Cap. Flow
-$69.3M
Cap. Flow %
-1.24%
Top 10 Hldgs %
29.39%
Holding
389
New
19
Increased
84
Reduced
179
Closed
21

Top Buys

Rank Stock Value
1
GSK icon
GSK
GSK
+$17.4M
2
LECO icon
Lincoln Electric
LECO
+$9.55M
3
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$7.33M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.54M
5
HLN icon
Haleon
HLN
+$4.42M

Top Sells

Rank Stock Value
1
SWK icon
Stanley Black & Decker
SWK
+$12.2M
2
META icon
Meta Platforms (Facebook)
META
+$8.4M
3
DXJ icon
WisdomTree Japan Hedged Equity Fund
DXJ
+$7M
4
BALL icon
Ball Corp
BALL
+$6.38M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$5.38M

Sector Composition

Rank Sector Weight
1 Healthcare 21.37%
2 Technology 20.21%
3 Financials 12.4%
4 Consumer Discretionary 12.04%
5 Consumer Staples 8.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USMV icon
226
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
$1.03M 0.02%
14,345
– –
XYL icon
227
Xylem
XYL
$27.3B
$1.03M 0.02%
9,314
-1,300
-12% -$136K
NTR icon
228
Nutrien
NTR
$33.9B
$1.02M 0.02%
14,000
– –
TAN icon
229
Invesco Solar ETF
TAN
$1.43B
$1.02M 0.02%
13,950
– –
BR icon
230
Broadridge
BR
$17.9B
$1.01M 0.02%
7,531
– –
EL icon
231
Estee Lauder
EL
$30.7B
$1.01M 0.02%
4,067
+18
+0.4% +$4.02K
BSM icon
232
Black Stone Minerals
BSM
$3.14B
$995K 0.02%
58,966
– –
FRC
233
DELISTED
First Republic Bank
FRC
$967K 0.02%
7,931
+46
+0.6% +$5.61K
JILL icon
234
J. Jill
JILL
$265M
$942K 0.02%
38,000
-10,000
-21% -$221K
VMW
235
DELISTED
VMware, Inc
VMW
$939K 0.02%
7,648
-3,040
-28% -$351K
SLB icon
236
SLB Ltd
SLB
$72.6B
$933K 0.02%
17,449
+1,464
+9% +$72.9K
MUI
237
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$928K 0.02%
81,892
– –
WBA
238
DELISTED
Walgreens Boots Alliance
WBA
$926K 0.02%
24,789
– –
ALL icon
239
Allstate
ALL
$68.3B
$902K 0.02%
6,649
– –
WM icon
240
Waste Management
WM
$90.5B
$885K 0.02%
5,642
– –
FAST icon
241
Fastenal
FAST
$53.5B
$869K 0.02%
36,746
– –
FLOT icon
242
iShares Floating Rate Bond ETF
FLOT
$10.2B
$851K 0.02%
16,906
-26,125
-61% -$1.31M
PPG icon
243
PPG Industries
PPG
$24.9B
$802K 0.01%
6,378
-231
-3% -$28.3K
SHOP icon
244
Shopify
SHOP
$159B
$782K 0.01%
22,540
-11,170
-33% -$381K
JKHY icon
245
Jack Henry & Associates
JKHY
$11B
$762K 0.01%
4,339
– –
AMG icon
246
Affiliated Managers Group
AMG
$9.65B
$737K 0.01%
4,650
+750
+19% +$106K
CSX icon
247
CSX Corp
CSX
$93B
$716K 0.01%
23,100
+475
+2% +$14.3K
BCE icon
248
BCE
BCE
$20.2B
$704K 0.01%
16,029
– –
WAB icon
249
Wabtec
WAB
$49.4B
$699K 0.01%
7,002
-1
-0% -$96
WCN
250
Waste Connections
WCN
$41.9B
$696K 0.01%
5,250
– –
8 9
10
11 12

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LGF
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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 Q4 2022 Portfolio in Review

As of Q4 2022, Welch & Forbes held 389 positions worth $5.58B, up 9% from $5.12B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Welch & Forbes's Q4 2022 filing shows 19 new, 84 increased, 179 reduced and 21 closed positions. Its largest new stake was GSK: 521,101 shares worth $18.3M. The largest sale was Stanley Black & Decker, an estimated $12.2M.

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

  • Welch & Forbes's largest Q4 2022 buy was GSK: 521,101 shares worth $18.3M.
  • Welch & Forbes added most to Lincoln Electric in Q4 2022, an estimated $9.55M increase.
  • Welch & Forbes's biggest Q4 2022 reduction was Stanley Black & Decker, cutting an estimated $12.2M.
  • Welch & Forbes fully exited WisdomTree Japan Hedged Equity Fund in Q4 2022, selling an estimated $7M.
  • Welch & Forbes's ten largest holdings make up 29% of its $5.58B portfolio in Q4 2022.
  • Welch & Forbes opened 19 new positions and closed 21 in Q4 2022.
  • Welch & Forbes's portfolio value rose 9% quarter-over-quarter to $5.58B.

Based on Welch & Forbes's 13F filing for Q4 2022, filed 2 Feb 2023.