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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
INGR icon
251
Ingredion
INGR
$6.27B
$472K 0.01%
3,375
– –
ISRG icon
252
Intuitive Surgical
ISRG
$127B
$466K 0.01%
3,825
– –
WM icon
253
Waste Management
WM
$90.6B
$461K 0.01%
5,335
+300
+6% +$24.4K
NKE icon
254
Nike
NKE
$61.9B
$456K 0.01%
7,286
+986
+16% +$56.7K
VLO icon
255
Valero Energy
VLO
$90.1B
$438K 0.01%
4,765
– –
ES icon
256
Eversource Energy
ES
$26.9B
$432K 0.01%
6,831
+75
+1% +$4.74K
FRC
257
DELISTED
First Republic Bank
FRC
$429K 0.01%
4,951
– –
A icon
258
Agilent Technologies
A
$39.1B
$427K 0.01%
6,371
– –
ENOV icon
259
Enovis
ENOV
$1.68B
$416K 0.01%
6,103
-1,801
-23% -$121K
NBL
260
DELISTED
Noble Energy, Inc.
NBL
$414K 0.01%
14,200
-100
-0.7% -$2.74K
HAL icon
261
Halliburton
HAL
$26.9B
$411K 0.01%
8,400
-3,825
-31% -$169K
NWN icon
262
Northwest Natural Holdings
NWN
$2.06B
$409K 0.01%
6,856
– –
IJR icon
263
iShares Core S&P Small-Cap ETF
IJR
$109B
$405K 0.01%
5,275
-275
-5% -$20.7K
D icon
264
Dominion Energy
D
$60.8B
$398K 0.01%
4,916
– –
TIP icon
265
iShares TIPS Bond ETF
TIP
$14.5B
$392K 0.01%
+3,433
New +$390K
WCN
266
Waste Connections
WCN
$42.2B
$376K 0.01%
5,304
+54
+1% +$3.77K
MA icon
267
Mastercard
MA
$502B
$372K 0.01%
2,458
+233
+10% +$34.6K
MTSC
268
DELISTED
MTS Systems Corp
MTSC
$371K 0.01%
6,900
– –
CW icon
269
Curtiss-Wright
CW
$26.7B
$366K 0.01%
3,000
– –
TAN icon
270
Invesco Solar ETF
TAN
$1.42B
$365K 0.01%
14,500
– –
WDAY icon
271
Workday
WDAY
$39.6B
$357K 0.01%
3,517
+1,517
+76% +$162K
MTB icon
272
M&T Bank
MTB
$35.7B
$356K 0.01%
2,080
+35
+2% +$5.81K
AWF
273
AllianceBernstein Global High Income Fund
AWF
$870M
$352K 0.01%
+31,617
New +$404K
VOD icon
274
Vodafone
VOD
$36.3B
$350K 0.01%
10,966
-31
-0.3% -$929
PEG icon
275
Public Service Enterprise Group
PEG
$38.2B
$346K 0.01%
6,712
– –
9 10
11
12 13

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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.