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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
+2.54%
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
$2.89B
AUM Growth
-$389M
Cap. Flow
-$443M
Cap. Flow %
-15.3%
Top 10 Hldgs %
25.08%
Holding
354
New
18
Increased
53
Reduced
151
Closed
52

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$24.3M
2
FTV icon
Fortive
FTV
+$14.2M
3
CHKP icon
Check Point Software Technologies
CHKP
+$8.59M
4
META icon
Meta Platforms (Facebook)
META
+$5.58M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$4.17M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$57.4M
2
ANSS
Ansys
ANSS
+$51.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$36M
4
AFL icon
Aflac
AFL
+$32.5M
5
ABBV icon
AbbVie
ABBV
+$31.3M

Sector Composition

Rank Sector Weight
1 Healthcare 21.22%
2 Industrials 12.88%
3 Technology 12.06%
4 Consumer Discretionary 10.77%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PEG icon
276
Public Service Enterprise Group
PEG
$38.6B
$228K 0.01%
5,436
– –
WELL icon
277
Welltower
WELL
$170B
$228K 0.01%
3,055
+55
+2% +$4.21K
GL icon
278
Globe Life
GL
$14.2B
$225K 0.01%
3,525
– –
SE
279
DELISTED
Spectra Energy Corp Wi
SE
$224K 0.01%
+5,232
New +$199K
HPE icon
280
Hewlett Packard
HPE
$62.4B
$223K 0.01%
+16,877
New +$208K
PAA icon
281
Plains All American Pipeline
PAA
$17.5B
$223K 0.01%
+7,100
New +$203K
MAN icon
282
ManpowerGroup
MAN
$2.41B
$222K 0.01%
+3,070
New +$212K
PTC icon
283
PTC
PTC
$15.7B
$222K 0.01%
+5,000
New +$207K
XLK icon
284
State Street Technology Select Sector SPDR ETF
XLK
$115B
$219K 0.01%
+9,150
New +$213K
NPV icon
285
Nuveen Virginia Quality Municipal Income Fund
NPV
$212M
$218K 0.01%
15,007
– –
TFCFA
286
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$218K 0.01%
9,010
– –
STON
287
DELISTED
StoneMor Inc.
STON
$217K 0.01%
8,650
– –
KN icon
288
Knowles
KN
$3.08B
$215K 0.01%
15,295
– –
OTEX icon
289
Open Text
OTEX
$6.15B
$214K 0.01%
+6,598
New +$206K
HIFS icon
290
Hingham Institution for Saving
HIFS
$622M
$208K 0.01%
+1,500
New +$197K
TAN icon
291
Invesco Solar ETF
TAN
$1.43B
$205K 0.01%
10,100
+400
+4% +$8.44K
TIP icon
292
iShares TIPS Bond ETF
TIP
$14.5B
$203K 0.01%
1,750
-250
-13% -$29K
MMP
293
DELISTED
Magellan Midstream Partners, L.P.
MMP
$202K 0.01%
2,850
– –
IJK icon
294
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
$200K 0.01%
+4,560
New +$200K
MPB icon
295
Mid Penn Bancorp
MPB
$976M
$195K 0.01%
10,000
-40,044
-80% -$706K
PHYS icon
296
Sprott Physical Gold
PHYS
$14.8B
$191K 0.01%
17,464
– –
NBN icon
297
Northeast Bank
NBN
$1.05B
$162K 0.01%
14,000
– –
FORM icon
298
FormFactor
FORM
$8.21B
$109K ﹤0.01%
10,000
– –
EXG icon
299
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.97B
$88K ﹤0.01%
10,227
– –
IBN icon
300
ICICI Bank
IBN
$109B
$82K ﹤0.01%
12,100
– –
10 11
12
13 14

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CCM
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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
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CCM
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Welch & Forbes's Q3 2016 Portfolio in Review

As of Q3 2016, Welch & Forbes held 354 positions worth $2.89B, down 12% from $3.28B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $443M in Q3 2016, closing 52 positions and reducing 151 holdings. Its most notable exit was Apple, an estimated $57.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Chubb worth $24.1M.

  • Welch & Forbes's largest Q3 2016 buy was Chubb: 191,500 shares worth $24.1M.
  • Welch & Forbes added most to Meta Platforms (Facebook) in Q3 2016, an estimated $5.58M increase.
  • Welch & Forbes's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $19.5M.
  • Welch & Forbes fully exited Apple in Q3 2016, selling an estimated $57.4M.
  • Welch & Forbes's ten largest holdings make up 25% of its $2.89B portfolio in Q3 2016.
  • Welch & Forbes opened 18 new positions and closed 52 in Q3 2016.
  • Welch & Forbes's portfolio value fell 12% quarter-over-quarter to $2.89B.

Based on Welch & Forbes's 13F filing for Q3 2016, filed 2 Nov 2016.