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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
-11.28%
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
$3.55B
AUM Growth
-$648M
Cap. Flow
-$120M
Cap. Flow %
-3.38%
Top 10 Hldgs %
24.58%
Holding
367
New
7
Increased
73
Reduced
160
Closed
28

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.4M
2
MSFT icon
Microsoft
MSFT
+$4.97M
3
MTD icon
Mettler-Toledo International
MTD
+$4.5M
4
RMD icon
ResMed
RMD
+$3.95M
5
ADBE icon
Adobe
ADBE
+$3.79M

Top Sells

Rank Stock Value
1
PX
Praxair Inc
PX
+$37.8M
2
SLB icon
SLB Ltd
SLB
+$9.29M
3
NVDA icon
NVIDIA
NVDA
+$9.02M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$7.85M
5
BUD icon
AB InBev
BUD
+$5.79M

Sector Composition

Rank Sector Weight
1 Healthcare 21.38%
2 Technology 17.47%
3 Financials 12.26%
4 Consumer Discretionary 10.53%
5 Industrials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLF icon
301
Sun Life Financial
SLF
$45.9B
$272K 0.01%
8,177
– –
MSI icon
302
Motorola Solutions
MSI
$71.5B
$268K 0.01%
2,329
– –
VSM
303
DELISTED
Versum Materials, Inc.
VSM
$267K 0.01%
9,632
– –
NWN icon
304
Northwest Natural Holdings
NWN
$2.11B
$263K 0.01%
4,356
– –
NTAP icon
305
NetApp
NTAP
$34.1B
$259K 0.01%
4,344
– –
NFLX icon
306
Netflix
NFLX
$305B
$257K 0.01%
9,600
– –
D icon
307
Dominion Energy
D
$61.3B
$252K 0.01%
3,531
– –
HUBS icon
308
HubSpot
HUBS
$11.9B
$252K 0.01%
2,006
– –
IVW icon
309
iShares S&P 500 Growth ETF
IVW
$72.7B
$240K 0.01%
6,360
– –
HAL icon
310
Halliburton
HAL
$26.4B
$239K 0.01%
9,000
+390
+5% +$13.2K
NBN icon
311
Northeast Bank
NBN
$1.05B
$234K 0.01%
14,000
– –
HIG icon
312
Hartford Financial Services
HIG
$39.2B
$229K 0.01%
5,150
– –
FDX icon
313
FedEx
FDX
$73B
$226K 0.01%
1,401
– –
AJG icon
314
Arthur J. Gallagher & Co
AJG
$65.9B
$225K 0.01%
+3,050
New +$228K
GL icon
315
Globe Life
GL
$14.2B
$225K 0.01%
3,025
– –
MOAT icon
316
VanEck Morningstar Wide Moat ETF
MOAT
$11.8B
$225K 0.01%
5,475
– –
HPQ icon
317
HP
HPQ
$24.6B
$223K 0.01%
10,883
– –
GWW icon
318
W.W. Grainger
GWW
$64B
$219K 0.01%
776
– –
BAH icon
319
Booz Allen Hamilton
BAH
$8.22B
$218K 0.01%
4,843
– –
IBB icon
320
iShares Biotechnology ETF
IBB
$9.52B
$214K 0.01%
2,220
– –
AEP icon
321
American Electric Power
AEP
$69.5B
$210K 0.01%
2,809
-145
-5% -$10.9K
AMAT icon
322
Applied Materials
AMAT
$398B
$210K 0.01%
6,400
-385
-6% -$13.2K
IJK icon
323
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.7B
$210K 0.01%
4,400
– –
IWN icon
324
iShares Russell 2000 Value ETF
IWN
$14.4B
$207K 0.01%
1,923
– –
XLK icon
325
State Street Technology Select Sector SPDR ETF
XLK
$115B
$203K 0.01%
6,558
– –
11 12
13
14 15

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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 Q4 2018 Portfolio in Review

As of Q4 2018, Welch & Forbes held 367 positions worth $3.55B, down 15% from $4.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $120M in Q4 2018, closing 28 positions and reducing 160 holdings. Its most notable exit was Praxair Inc, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Watsco Inc worth $2.3M.

  • Welch & Forbes's largest Q4 2018 buy was Watsco Inc: 16,518 shares worth $2.3M.
  • Welch & Forbes added most to Amazon in Q4 2018, an estimated $10.4M increase.
  • Welch & Forbes's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $9.29M.
  • Welch & Forbes fully exited Praxair Inc in Q4 2018, selling an estimated $37.8M.
  • Welch & Forbes's ten largest holdings make up 25% of its $3.55B portfolio in Q4 2018.
  • Welch & Forbes opened 7 new positions and closed 28 in Q4 2018.
  • Welch & Forbes's portfolio value fell 15% quarter-over-quarter to $3.55B.

Based on Welch & Forbes's 13F filing for Q4 2018, filed 5 Feb 2019.