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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
GL icon
326
Globe Life
GL
$14.2B
$246K 0.01%
3,025
– –
IBB icon
327
iShares Biotechnology ETF
IBB
$9.52B
$244K 0.01%
2,220
– –
GXC icon
328
State Street SPDR S&P China ETF
GXC
$460M
$243K 0.01%
2,320
– –
WAB icon
329
Wabtec
WAB
$49.4B
$240K 0.01%
+2,434
New +$226K
GWW icon
330
W.W. Grainger
GWW
$64B
$239K 0.01%
776
– –
MOAT icon
331
VanEck Morningstar Wide Moat ETF
MOAT
$11.8B
$238K 0.01%
5,475
– –
SEE
332
DELISTED
Sealed Air
SEE
$235K 0.01%
5,541
– –
IGIB icon
333
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
$18.5B
$234K 0.01%
4,400
– –
MAN icon
334
ManpowerGroup
MAN
$2.41B
$234K 0.01%
2,720
– –
ED icon
335
Consolidated Edison
ED
$40.4B
$232K 0.01%
2,972
+300
+11% +$22.9K
FDN icon
336
First Trust Dow Jones Internet Index Fund ETF
FDN
$5B
$224K 0.01%
+1,627
New +$213K
TYL icon
337
Tyler Technologies
TYL
$13.2B
$222K 0.01%
1,000
– –
AEP icon
338
American Electric Power
AEP
$69.5B
$221K 0.01%
3,192
+120
+4% +$8.08K
HDS
339
DELISTED
HD Supply Holdings, Inc.
HDS
$221K 0.01%
+5,155
New +$209K
PXD
340
DELISTED
Pioneer Natural Resource Co.
PXD
$218K 0.01%
+1,154
New +$221K
PPG icon
341
PPG Industries
PPG
$24.9B
$216K 0.01%
2,079
+79
+4% +$8.37K
CTRA
342
DELISTED
Coterra Energy
CTRA
$214K 0.01%
9,000
– –
BAH icon
343
Booz Allen Hamilton
BAH
$8.22B
$212K 0.01%
+4,843
New +$203K
SHOP icon
344
Shopify
SHOP
$159B
$212K 0.01%
+14,500
New +$205K
OIH icon
345
VanEck Oil Services ETF
OIH
$2.01B
$209K 0.01%
+398
New +$213K
AIG icon
346
American International
AIG
$41.8B
$208K 0.01%
3,940
-126
-3% -$6.82K
TTE icon
347
TotalEnergies
TTE
$193B
$208K 0.01%
+3,440
New +$211K
MMP
348
DELISTED
Magellan Midstream Partners, L.P.
MMP
$207K 0.01%
+3,000
New +$202K
CBRL icon
349
Cracker Barrel
CBRL
$1.28B
$206K 0.01%
1,320
– –
AKAM icon
350
Akamai
AKAM
$16.5B
$204K 0.01%
2,783
-100
-3% -$7.5K
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 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.