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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTD
226
John Hancock Tax-Advantaged Dividend Income Fund
HTD
$915M
$949K 0.01%
50,000
– –
BSM icon
227
Black Stone Minerals
BSM
$3.14B
$941K 0.01%
58,966
– –
DD icon
228
DuPont de Nemours
DD
$18.7B
$936K 0.01%
9,691
-4,587
-32% -$417K
MO icon
229
Altria Group
MO
$113B
$932K 0.01%
23,115
-691
-3% -$28.6K
ALL icon
230
Allstate
ALL
$68.3B
$901K 0.01%
6,439
-75
-1% -$9.78K
IEFA icon
231
iShares Core MSCI EAFE ETF
IEFA
$192B
$895K 0.01%
12,718
+2,314
+22% +$153K
PPG icon
232
PPG Industries
PPG
$24.9B
$891K 0.01%
5,960
– –
PSX icon
233
Phillips 66
PSX
$84.4B
$882K 0.01%
6,625
-6,449
-49% -$771K
HSY icon
234
Hershey
HSY
$35.9B
$877K 0.01%
4,702
– –
APH icon
235
Amphenol
APH
$197B
$870K 0.01%
17,546
– –
WAB icon
236
Wabtec
WAB
$49.4B
$850K 0.01%
6,702
-2
-0% -$226
IWD icon
237
iShares Russell 1000 Value ETF
IWD
$81.8B
$845K 0.01%
5,115
-122
-2% -$18.8K
JILL icon
238
J. Jill
JILL
$265M
$835K 0.01%
32,400
-5,600
-15% -$159K
GPC icon
239
Genuine Parts
GPC
$17.2B
$825K 0.01%
5,955
– –
GEHC icon
240
GE HealthCare
GEHC
$31.6B
$816K 0.01%
10,558
-200
-2% -$14K
MUI
241
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$797K 0.01%
68,446
– –
OZK icon
242
Bank OZK
OZK
$5.57B
$793K 0.01%
15,919
-2,130
-12% -$87.8K
WCN
243
Waste Connections
WCN
$41.9B
$787K 0.01%
5,275
– –
DOW icon
244
Dow Inc
DOW
$21.7B
$780K 0.01%
14,216
-8,133
-36% -$416K
IJK icon
245
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
$773K 0.01%
9,758
+573
+6% +$42K
NBN icon
246
Northeast Bank
NBN
$1.05B
$773K 0.01%
14,000
– –
CSX icon
247
CSX Corp
CSX
$93B
$769K 0.01%
22,168
-314
-1% -$10K
BIV icon
248
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
$748K 0.01%
9,796
-1,101
-10% -$80.6K
PHO icon
249
Invesco Water Resources ETF
PHO
$2B
$742K 0.01%
12,200
-800
-6% -$44.1K
TAN icon
250
Invesco Solar ETF
TAN
$1.43B
$739K 0.01%
13,850
– –
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 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.