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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NSC icon
326
Norfolk Southern
NSC
$75B
$330K 0.01%
1,394
-80
-5% -$16.8K
BHP icon
327
BHP
BHP
$218B
$322K ﹤0.01%
4,715
– –
APA icon
328
APA Corp
APA
$12.8B
$314K ﹤0.01%
8,750
– –
MGRC icon
329
McGrath RentCorp
MGRC
$2.82B
$311K ﹤0.01%
2,600
– –
MTB icon
330
M&T Bank
MTB
$35.8B
$307K ﹤0.01%
2,242
+177
+9% +$22.2K
HIFS icon
331
Hingham Institution for Saving
HIFS
$622M
$296K ﹤0.01%
1,525
– –
IBB icon
332
iShares Biotechnology ETF
IBB
$9.52B
$296K ﹤0.01%
2,182
-50
-2% -$6.1K
NTRS icon
333
Northern Trust
NTRS
$22.4B
$294K ﹤0.01%
3,482
– –
GL icon
334
Globe Life
GL
$14.2B
$289K ﹤0.01%
2,375
– –
KLAC icon
335
KLA
KLAC
$236B
$277K ﹤0.01%
4,770
– –
HAL icon
336
Halliburton
HAL
$26.4B
$275K ﹤0.01%
7,600
– –
ILMN icon
337
Illumina
ILMN
$31B
$272K ﹤0.01%
2,011
-411
-17% -$47.4K
PEG icon
338
Public Service Enterprise Group
PEG
$38.6B
$271K ﹤0.01%
4,435
– –
VTI icon
339
Vanguard Morningstar Total Stock Market ETF
VTI
$657B
$269K ﹤0.01%
1,133
– –
SOXX icon
340
iShares Semiconductor ETF
SOXX
$41.7B
$268K ﹤0.01%
1,398
– –
DFS
341
DELISTED
Discover Financial Services
DFS
$264K ﹤0.01%
2,346
– –
VIG icon
342
Vanguard Dividend Appreciation ETF
VIG
$112B
$257K ﹤0.01%
1,511
– –
VUG icon
343
Vanguard Morningstar Growth ETF
VUG
$218B
$250K ﹤0.01%
+4,824
New +$233K
AON icon
344
Aon
AON
$78.3B
$248K ﹤0.01%
853
– –
PFM icon
345
Invesco Dividend Achievers ETF
PFM
$792M
$246K ﹤0.01%
6,178
– –
ZTS icon
346
Zoetis
ZTS
$31.9B
$246K ﹤0.01%
1,248
-9
-0.7% -$1.59K
CNQ icon
347
Canadian Natural Resources
CNQ
$98.6B
$238K ﹤0.01%
7,270
– –
VNT icon
348
Vontier
VNT
$4.49B
$236K ﹤0.01%
6,840
-823
-11% -$26.8K
TXT icon
349
Textron
TXT
$15B
$232K ﹤0.01%
2,880
– –
OSBC icon
350
Old Second Bancorp
OSBC
$1.29B
$226K ﹤0.01%
14,645
– –
12 13
14
15 16

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WJWM
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Welch & Forbes's Q4 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.