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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
+8.91%
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
$5.91B
AUM Growth
+$326M
Cap. Flow
-$37.6M
Cap. Flow %
-0.64%
Top 10 Hldgs %
30.4%
Holding
379
New
11
Increased
77
Reduced
181
Closed
14

Top Buys

Rank Stock Value
1
LHX icon
L3Harris
LHX
+$3.27M
2
NEE icon
NextEra Energy
NEE
+$3M
3
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.36M
4
LECO icon
Lincoln Electric
LECO
+$2.06M
5
ACN icon
Accenture
ACN
+$1.48M

Top Sells

Rank Stock Value
1
MMM icon
3M
MMM
+$8.97M
2
ORLY icon
O'Reilly Automotive
ORLY
+$5M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$4.87M
4
NVDA icon
NVIDIA
NVDA
+$3.74M
5
INTC icon
Intel
INTC
+$3.13M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Healthcare 20.23%
3 Consumer Discretionary 11.59%
4 Financials 11.47%
5 Industrials 8.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AON icon
326
Aon
AON
$78.3B
$313K 0.01%
992
– –
YUM icon
327
Yum! Brands
YUM
$43.3B
$306K 0.01%
2,316
+12
+0.5% +$1.54K
KNSL icon
328
Kinsale Capital Group
KNSL
$8.11B
$300K 0.01%
1,000
– –
SCHW
329
Charles Schwab
SCHW
$181B
$295K 0.01%
5,637
+175
+3% +$12.8K
IBB icon
330
iShares Biotechnology ETF
IBB
$9.52B
$292K ﹤0.01%
2,257
– –
MMP
331
DELISTED
Magellan Midstream Partners, L.P.
MMP
$291K ﹤0.01%
5,360
-262
-5% -$13.9K
MTB icon
332
M&T Bank
MTB
$35.8B
$288K ﹤0.01%
2,412
– –
BHP icon
333
BHP
BHP
$218B
$286K ﹤0.01%
4,509
+9
+0.2% +$580
URI icon
334
United Rentals
URI
$66.5B
$280K ﹤0.01%
707
– –
NTAP icon
335
NetApp
NTAP
$34.1B
$277K ﹤0.01%
4,344
– –
PEG icon
336
Public Service Enterprise Group
PEG
$38.6B
$277K ﹤0.01%
4,435
– –
FLRN icon
337
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
$3.08B
$274K ﹤0.01%
9,000
– –
GL icon
338
Globe Life
GL
$14.2B
$272K ﹤0.01%
2,475
– –
VIG icon
339
Vanguard Dividend Appreciation ETF
VIG
$112B
$264K ﹤0.01%
1,711
– –
MORN icon
340
Morningstar
MORN
$7.34B
$256K ﹤0.01%
1,262
-148
-10% -$32.5K
FORM icon
341
FormFactor
FORM
$8.21B
$255K ﹤0.01%
+8,000
New +$229K
BLD
342
DELISTED
TopBuild
BLD
$254K ﹤0.01%
+1,222
New +$236K
HAL icon
343
Halliburton
HAL
$26.4B
$254K ﹤0.01%
8,030
– –
SU icon
344
Suncor Energy
SU
$78.8B
$246K ﹤0.01%
7,920
-2,160
-21% -$70.2K
MGRC icon
345
McGrath RentCorp
MGRC
$2.82B
$243K ﹤0.01%
2,600
– –
DFS
346
DELISTED
Discover Financial Services
DFS
$234K ﹤0.01%
2,367
– –
IFF icon
347
International Flavors & Fragrances
IFF
$20.3B
$233K ﹤0.01%
2,539
– –
PFM icon
348
Invesco Dividend Achievers ETF
PFM
$792M
$226K ﹤0.01%
6,178
– –
ENTG icon
349
Entegris
ENTG
$17.8B
$225K ﹤0.01%
+2,742
New +$222K
KHC icon
350
Kraft Heinz
KHC
$31.3B
$225K ﹤0.01%
5,808
+56
+1% +$2.22K
12 13
14
15 16

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OC
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LGF
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CCM
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CL
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WJWM
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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 Q1 2023 Portfolio in Review

As of Q1 2023, Welch & Forbes held 379 positions worth $5.91B, up 5.8% from $5.58B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Welch & Forbes's Q1 2023 filing shows 11 new, 77 increased, 181 reduced and 14 closed positions. Its largest new stake was GE HealthCare: 12,855 shares worth $1.05M. The largest sale was 3M, an estimated $8.97M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q1 2023 buy was GE HealthCare: 12,855 shares worth $1.05M.
  • Welch & Forbes added most to L3Harris in Q1 2023, an estimated $3.27M increase.
  • Welch & Forbes's biggest Q1 2023 reduction was 3M, cutting an estimated $8.97M.
  • Welch & Forbes fully exited First Republic Bank in Q1 2023, selling an estimated $967K.
  • Welch & Forbes's ten largest holdings make up 30% of its $5.91B portfolio in Q1 2023.
  • Welch & Forbes opened 11 new positions and closed 14 in Q1 2023.
  • Welch & Forbes's portfolio value rose 5.8% quarter-over-quarter to $5.91B.

Based on Welch & Forbes's 13F filing for Q1 2023, filed 14 Apr 2023.