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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
+4.95%
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
$3.17B
AUM Growth
+$11.1M
Cap. Flow
-$121M
Cap. Flow %
-3.83%
Top 10 Hldgs %
22.62%
Holding
353
New
18
Increased
114
Reduced
136
Closed
24

Top Buys

Rank Stock Value
1
NE
Noble Corporation
NE
+$14M
2
WMT icon
Walmart Inc
WMT
+$4.45M
3
OTEX icon
Open Text
OTEX
+$4.03M
4
TJX icon
TJX Companies
TJX
+$3.63M
5
V icon
Visa
V
+$2.89M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.1M
2
APA icon
APA Corp
APA
+$22.8M
3
BUD icon
AB InBev
BUD
+$20.6M
4
AMP icon
Ameriprise Financial
AMP
+$16.1M
5
PRGO icon
Perrigo
PRGO
+$10.4M

Sector Composition

Rank Sector Weight
1 Healthcare 18.17%
2 Industrials 13.79%
3 Technology 13.42%
4 Financials 9.99%
5 Energy 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SAN icon
326
Banco Santander
SAN
$202B
$129K ﹤0.01%
13,609
+281
+2% +$2.58K
EXG icon
327
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.97B
$107K ﹤0.01%
10,227
– –
VICR icon
328
Vicor
VICR
$9.42B
$93K ﹤0.01%
11,120
– –
BAC.WS.B
329
DELISTED
Bank Of America Corporation Ws B
BAC.WS.B
$13K ﹤0.01%
17,500
– –
ADI icon
330
Analog Devices
ADI
$179B
– –
-26,289
Closed -$1.4M
AEP icon
331
American Electric Power
AEP
$69.5B
– –
-4,739
Closed -$240K
ALL icon
332
Allstate
ALL
$68.3B
– –
-11,884
Closed -$672K
AMGN icon
333
Amgen
AMGN
$209B
– –
-46,262
Closed -$5.71M
AMP icon
334
Ameriprise Financial
AMP
$48.1B
– –
-145,838
Closed -$16.1M
AMZN icon
335
Amazon
AMZN
$2.53T
– –
-13,520
Closed -$227K
ANSS
336
DELISTED
Ansys
ANSS
– –
-585,331
Closed -$45.1M
APA icon
337
APA Corp
APA
$12.8B
– –
-275,307
Closed -$22.8M
AXP icon
338
American Express
AXP
$228B
– –
-48,678
Closed -$4.38M
BUD icon
339
AB InBev
BUD
$166B
– –
-195,599
Closed -$20.6M
CHKP icon
340
Check Point Software Technologies
CHKP
$13.1B
– –
-86,536
Closed -$5.85M
DBA icon
341
Invesco DB Agriculture Fund
DBA
$1.23B
– –
-7,630
Closed -$216K
HYG icon
342
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-10,000
Closed -$944K
LNT icon
343
Alliant Energy
LNT
$18.3B
– –
-65,500
Closed -$1.86M
MO icon
344
Altria Group
MO
$113B
– –
-34,884
Closed -$1.31M
NLY icon
345
Annaly Capital Management
NLY
$17.3B
– –
-8,828
Closed -$388K
PGF icon
346
Invesco Financial Preferred ETF
PGF
$676M
– –
-50,000
Closed -$890K
PRGO icon
347
Perrigo
PRGO
$1.43B
– –
-67,321
Closed -$10.4M
RIG icon
348
Transocean
RIG
$5.62B
– –
-77,248
Closed -$3.19M
VLO icon
349
Valero Energy
VLO
$92.6B
– –
-3,940
Closed -$209K
WTM icon
350
White Mountains Insurance
WTM
$5.25B
– –
-829
Closed -$497K
11 12 13
14
15

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OC
Oppenheimer & Co New York $8.21B AUM 28.81% 1-Year Est. Return
LGF
LGT Group Foundation Vaduz, Liechtenstein $8.19B AUM 27.7% 1-Year Est. Return
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 2014 Portfolio in Review

As of Q2 2014, Welch & Forbes held 353 positions worth $3.17B, up 0.35% from $3.16B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $121M in Q2 2014, closing 24 positions and reducing 136 holdings. Its most notable exit was Ansys, an estimated $45.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Noble Corporation worth $14.9M.

  • Welch & Forbes's largest Q2 2014 buy was Noble Corporation: 509,476 shares worth $14.9M.
  • Welch & Forbes added most to Walmart Inc in Q2 2014, an estimated $4.45M increase.
  • Welch & Forbes's biggest Q2 2014 reduction was Expeditors International, cutting an estimated $4.83M.
  • Welch & Forbes fully exited Ansys in Q2 2014, selling an estimated $45.1M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.17B portfolio in Q2 2014.
  • Welch & Forbes opened 18 new positions and closed 24 in Q2 2014.
  • Welch & Forbes's portfolio value rose 0.35% quarter-over-quarter to $3.17B.

Based on Welch & Forbes's 13F filing for Q2 2014, filed 31 Jul 2014.