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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
BAC icon
326
Bank of America
BAC
$433B
– –
-739,334
Closed -$9.81M
BNY
327
Bank of New York Mellon
BNY
$106B
– –
-6,714
Closed -$261K
BNS icon
328
Scotiabank
BNS
$107B
– –
-40,095
Closed -$1.97M
BP icon
329
BP
BP
$114B
– –
-178,025
Closed -$5.32M
BUD icon
330
AB InBev
BUD
$166B
– –
-210,240
Closed -$27.7M
C icon
331
Citigroup
C
$222B
– –
-5,623
Closed -$238K
DEO icon
332
Diageo
DEO
$49.5B
– –
-2,055
Closed -$232K
GOOG icon
333
Alphabet (Google) Class C
GOOG
$4.08T
– –
-1,040,340
Closed -$36M
GOOGL icon
334
Alphabet (Google) Class A
GOOGL
$4.08T
– –
-614,160
Closed -$21.6M
GWW icon
335
W.W. Grainger
GWW
$64B
– –
-1,050
Closed -$239K
ICLR icon
336
Icon
ICLR
$12.8B
– –
-25,295
Closed -$1.77M
IWD icon
337
iShares Russell 1000 Value ETF
IWD
$81.8B
– –
-3,555
Closed -$367K
LNT icon
338
Alliant Energy
LNT
$18.3B
– –
-61,700
Closed -$2.45M
MDT icon
339
Medtronic
MDT
$110B
– –
-86,938
Closed -$7.54M
MO icon
340
Altria Group
MO
$113B
– –
-29,657
Closed -$2.04M
NLY icon
341
Annaly Capital Management
NLY
$17.3B
– –
-3,600
Closed -$159K
SNA icon
342
Snap-on
SNA
$21.2B
– –
-1,278
Closed -$201K
T icon
343
AT&T
T
$159B
– –
-665,440
Closed -$21.7M
TFC icon
344
Truist Financial
TFC
$63.5B
– –
-5,920
Closed -$211K
TFX icon
345
Teleflex
TFX
$5.86B
– –
-1,150
Closed -$204K
VONE icon
346
Vanguard Russell 1000 ETF
VONE
$8.22B
– –
-5,020
Closed -$482K
WTRG icon
347
Essential Utilities
WTRG
$11.4B
– –
-16,789
Closed -$598K
ABB
348
DELISTED
ABB Ltd
ABB
– –
-44,350
Closed -$880K
NE
349
DELISTED
Noble Corporation
NE
– –
-106,060
Closed -$874K
APC
350
DELISTED
Anadarko Petroleum
APC
– –
-60,085
Closed -$3.2M
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 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.