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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
TYL icon
301
Tyler Technologies
TYL
$13.3B
$418K 0.01%
999
-100
-9% -$40K
SMBC icon
302
Southern Missouri Bancorp
SMBC
$852M
$409K 0.01%
7,665
-625
-8% -$27.8K
URI icon
303
United Rentals
URI
$66.5B
$406K 0.01%
708
+1
+0.1% +$472
MOAT icon
304
VanEck Morningstar Wide Moat ETF
MOAT
$11.8B
$406K 0.01%
4,781
– –
WTRG icon
305
Essential Utilities
WTRG
$11.4B
$399K 0.01%
10,687
-133
-1% -$4.64K
F icon
306
Ford
F
$59.3B
$398K 0.01%
32,658
-5,208
-14% -$58K
SCHW
307
Charles Schwab
SCHW
$181B
$395K 0.01%
5,741
– –
DIA icon
308
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.5B
$392K 0.01%
1,040
– –
DCI icon
309
Donaldson
DCI
$10.7B
$390K 0.01%
5,965
-400
-6% -$24.4K
HIG icon
310
Hartford Financial Services
HIG
$39.2B
$386K 0.01%
4,799
– –
NTAP icon
311
NetApp
NTAP
$34.1B
$383K 0.01%
4,344
– –
HES
312
DELISTED
Hess
HES
$382K 0.01%
2,650
– –
MET icon
313
MetLife
MET
$62.5B
$371K 0.01%
5,610
-1,410
-20% -$88.2K
EL icon
314
Estee Lauder
EL
$30.7B
$358K 0.01%
2,450
-640
-21% -$84.9K
SPSM icon
315
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$17.1B
$357K 0.01%
8,458
-116
-1% -$4.37K
VDE icon
316
Vanguard Energy ETF
VDE
$9.97B
$355K 0.01%
3,027
– –
HUM icon
317
Humana
HUM
$44B
$355K 0.01%
775
– –
AEP icon
318
American Electric Power
AEP
$69.5B
$354K 0.01%
4,356
-3
-0.1% -$233
MORN icon
319
Morningstar
MORN
$7.34B
$351K 0.01%
1,225
– –
LNN icon
320
Lindsay Corp
LNN
$1.12B
$339K 0.01%
2,628
– –
PHYS icon
321
Sprott Physical Gold
PHYS
$14.8B
$339K 0.01%
21,264
– –
HUBS icon
322
HubSpot
HUBS
$11.9B
$337K 0.01%
581
-200
-26% -$96.2K
ENTG icon
323
Entegris
ENTG
$17.8B
$337K 0.01%
2,812
+28
+1% +$2.84K
FORM icon
324
FormFactor
FORM
$8.21B
$334K 0.01%
8,000
– –
DEA
325
Easterly Government Properties
DEA
$1.15B
$333K 0.01%
9,910
– –
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 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.