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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
-3.61%
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
$6.05B
AUM Growth
-$292M
Cap. Flow
-$13.2M
Cap. Flow %
-0.22%
Top 10 Hldgs %
31.48%
Holding
382
New
7
Increased
100
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
DNA icon
Ginkgo Bioworks
DNA
+$14M
2
NEE icon
NextEra Energy
NEE
+$9.06M
3
LLY icon
Eli Lilly
LLY
+$4.07M
4
ACN icon
Accenture
ACN
+$2.07M
5
OMC icon
Omnicom Group
OMC
+$2.03M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$13.8M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.76M
3
MSFT icon
Microsoft
MSFT
+$3.06M
4
JNJ icon
Johnson & Johnson
JNJ
+$2.16M
5
AAPL icon
Apple
AAPL
+$2.08M

Sector Composition

Rank Sector Weight
1 Technology 24.45%
2 Healthcare 18.9%
3 Financials 11.77%
4 Consumer Discretionary 11.76%
5 Consumer Staples 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LNN icon
326
Lindsay Corp
LNN
$1.12B
$309K 0.01%
2,628
– –
HAL icon
327
Halliburton
HAL
$26.4B
$308K 0.01%
7,600
– –
BLD
328
DELISTED
TopBuild
BLD
$307K 0.01%
1,222
– –
PHYS icon
329
Sprott Physical Gold
PHYS
$14.8B
$305K 0.01%
21,264
– –
NSC icon
330
Norfolk Southern
NSC
$75B
$290K ﹤0.01%
1,474
-83
-5% -$17.9K
MORN icon
331
Morningstar
MORN
$7.34B
$287K ﹤0.01%
1,225
-35
-3% -$7.9K
HIFS icon
332
Hingham Institution for Saving
HIFS
$622M
$285K ﹤0.01%
1,525
– –
DEA
333
Easterly Government Properties
DEA
$1.15B
$283K ﹤0.01%
9,910
– –
FORM icon
334
FormFactor
FORM
$8.21B
$280K ﹤0.01%
8,000
– –
AON icon
335
Aon
AON
$78.3B
$277K ﹤0.01%
853
+40
+5% +$13.2K
IBB icon
336
iShares Biotechnology ETF
IBB
$9.52B
$273K ﹤0.01%
2,232
– –
BHP icon
337
BHP
BHP
$218B
$268K ﹤0.01%
4,715
– –
ENTG icon
338
Entegris
ENTG
$17.8B
$261K ﹤0.01%
2,784
+58
+2% +$5.81K
MTB icon
339
M&T Bank
MTB
$35.8B
$261K ﹤0.01%
2,065
-365
-15% -$47.6K
MGRC icon
340
McGrath RentCorp
MGRC
$2.82B
$261K ﹤0.01%
2,600
– –
GL icon
341
Globe Life
GL
$14.2B
$258K ﹤0.01%
2,375
– –
D icon
342
Dominion Energy
D
$61.3B
$255K ﹤0.01%
5,711
-416
-7% -$20.7K
PEG icon
343
Public Service Enterprise Group
PEG
$38.6B
$252K ﹤0.01%
4,435
– –
NTRS icon
344
Northern Trust
NTRS
$22.4B
$242K ﹤0.01%
3,482
-1,000
-22% -$75.5K
VTI icon
345
Vanguard Morningstar Total Stock Market ETF
VTI
$657B
$241K ﹤0.01%
1,133
– –
VNT icon
346
Vontier
VNT
$4.49B
$237K ﹤0.01%
7,663
-138
-2% -$4.25K
CNQ icon
347
Canadian Natural Resources
CNQ
$98.6B
$235K ﹤0.01%
7,270
– –
VIG icon
348
Vanguard Dividend Appreciation ETF
VIG
$112B
$235K ﹤0.01%
1,511
– –
PFM icon
349
Invesco Dividend Achievers ETF
PFM
$792M
$226K ﹤0.01%
6,178
– –
TXT icon
350
Textron
TXT
$15B
$225K ﹤0.01%
+2,880
New +$215K
12 13
14
15 16

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CCM
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CL
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WJWM
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GGHC
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CCM
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Welch & Forbes's Q3 2023 Portfolio in Review

As of Q3 2023, Welch & Forbes held 382 positions worth $6.05B, down 4.6% from $6.34B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Welch & Forbes's Q3 2023 filing shows 7 new, 100 increased, 189 reduced and 15 closed positions. Its largest new stake was Ginkgo Bioworks: 175,000 shares worth $12.7M. The largest sale was NVIDIA, an estimated $13.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2023 buy was Ginkgo Bioworks: 175,000 shares worth $12.7M.
  • Welch & Forbes added most to NextEra Energy in Q3 2023, an estimated $9.06M increase.
  • Welch & Forbes's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $13.8M.
  • Welch & Forbes fully exited Darden Restaurants in Q3 2023, selling an estimated $427K.
  • Welch & Forbes's ten largest holdings make up 31% of its $6.05B portfolio in Q3 2023.
  • Welch & Forbes opened 7 new positions and closed 15 in Q3 2023.
  • Welch & Forbes's portfolio value fell 4.6% quarter-over-quarter to $6.05B.

Based on Welch & Forbes's 13F filing for Q3 2023, filed 3 Nov 2023.