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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
+3.82%
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
$3.87B
AUM Growth
-$13.1M
Cap. Flow
-$131M
Cap. Flow %
-3.37%
Top 10 Hldgs %
23.72%
Holding
372
New
16
Increased
96
Reduced
171
Closed
13

Top Buys

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$7.62M
2
STZ icon
Constellation Brands
STZ
+$4.4M
3
CHX
ChampionX
CHX
+$3.45M
4
SWK icon
Stanley Black & Decker
SWK
+$3.4M
5
VLO icon
Valero Energy
VLO
+$2.9M

Top Sells

Rank Stock Value
1
CB icon
Chubb
CB
+$41.6M
2
CHKP icon
Check Point Software Technologies
CHKP
+$11.3M
3
MDT icon
Medtronic
MDT
+$9.78M
4
BEN icon
Franklin Resources
BEN
+$8.22M
5
CELG
Celgene Corp
CELG
+$7.52M

Sector Composition

Rank Sector Weight
1 Healthcare 18.99%
2 Technology 17.92%
3 Financials 11.59%
4 Consumer Discretionary 9.63%
5 Industrials 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRC
276
DELISTED
First Republic Bank
FRC
$390K 0.01%
4,031
-920
-19% -$88.9K
HSY icon
277
Hershey
HSY
$35.9B
$382K 0.01%
4,100
– –
VO icon
278
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$379K 0.01%
9,612
– –
INGR icon
279
Ingredion
INGR
$6.33B
$376K 0.01%
3,393
+18
+0.5% +$2.12K
NFLX icon
280
Netflix
NFLX
$305B
$376K 0.01%
+9,600
New +$327K
SLY
281
DELISTED
SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)
SLY
$376K 0.01%
5,200
– –
LNC icon
282
Lincoln National
LNC
$8.8B
$374K 0.01%
6,000
-2,159
-26% -$148K
DMLP icon
283
Dorchester Minerals
DMLP
$1.3B
$371K 0.01%
18,000
– –
MUB icon
284
iShares National Muni Bond ETF
MUB
$45.2B
$369K 0.01%
3,385
+1,185
+54% +$129K
VSM
285
DELISTED
Versum Materials, Inc.
VSM
$362K 0.01%
9,757
-3,232
-25% -$123K
CW icon
286
Curtiss-Wright
CW
$26.5B
$357K 0.01%
3,000
– –
D icon
287
Dominion Energy
D
$61.3B
$353K 0.01%
5,181
+796
+18% +$51.8K
ATO icon
288
Atmos Energy
ATO
$29.1B
$349K 0.01%
3,874
– –
NTAP icon
289
NetApp
NTAP
$34.1B
$341K 0.01%
4,344
– –
MTB icon
290
M&T Bank
MTB
$35.8B
$339K 0.01%
1,990
– –
TAN icon
291
Invesco Solar ETF
TAN
$1.43B
$337K 0.01%
14,600
+100
+0.7% +$2.47K
PAYC icon
292
Paycom
PAYC
$7.53B
$332K 0.01%
3,360
+200
+6% +$21.6K
HIFS icon
293
Hingham Institution for Saving
HIFS
$622M
$330K 0.01%
1,500
– –
SLF icon
294
Sun Life Financial
SLF
$45.9B
$329K 0.01%
8,177
– –
MTSC
295
DELISTED
MTS Systems Corp
MTSC
$321K 0.01%
6,100
-800
-12% -$42.1K
PEG icon
296
Public Service Enterprise Group
PEG
$38.6B
$320K 0.01%
5,908
-100
-2% -$5.14K
FLOT icon
297
iShares Floating Rate Bond ETF
FLOT
$10.2B
$319K 0.01%
6,250
– –
FDX icon
298
FedEx
FDX
$73B
$318K 0.01%
1,401
– –
PHO icon
299
Invesco Water Resources ETF
PHO
$2B
$316K 0.01%
10,460
+260
+3% +$7.95K
CEF icon
300
Sprott Physical Gold and Silver Trust
CEF
$7.56B
$315K 0.01%
25,100
– –
10 11
12
13 14

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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
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 Q2 2018 Portfolio in Review

As of Q2 2018, Welch & Forbes held 372 positions worth $3.87B, down 0.34% from $3.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Welch & Forbes withdrew a net $131M in Q2 2018, closing 13 positions and reducing 171 holdings. Its most notable exit was Chubb, an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in ChampionX worth $3.52M.

  • Welch & Forbes's largest Q2 2018 buy was ChampionX: 84,371 shares worth $3.52M.
  • Welch & Forbes added most to Thermo Fisher Scientific in Q2 2018, an estimated $7.62M increase.
  • Welch & Forbes's biggest Q2 2018 reduction was Franklin Resources, cutting an estimated $8.22M.
  • Welch & Forbes fully exited Chubb in Q2 2018, selling an estimated $41.6M.
  • Welch & Forbes's ten largest holdings make up 24% of its $3.87B portfolio in Q2 2018.
  • Welch & Forbes opened 16 new positions and closed 13 in Q2 2018.
  • Welch & Forbes's portfolio value fell 0.34% quarter-over-quarter to $3.87B.

Based on Welch & Forbes's 13F filing for Q2 2018, filed 16 Jul 2018.