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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
BNY
351
Bank of New York Mellon
BNY
$106B
$201K 0.01%
3,717
-2,330
-39% -$129K
KN icon
352
Knowles
KN
$3.08B
$194K 0.01%
12,686
-478
-4% -$6.6K
NPV icon
353
Nuveen Virginia Quality Municipal Income Fund
NPV
$212M
$187K ﹤0.01%
15,007
– –
PHYS icon
354
Sprott Physical Gold
PHYS
$14.8B
$176K ﹤0.01%
17,264
– –
HPE icon
355
Hewlett Packard
HPE
$62.4B
$161K ﹤0.01%
+10,981
New +$182K
FORM icon
356
FormFactor
FORM
$8.21B
$133K ﹤0.01%
10,000
– –
EXG icon
357
Eaton Vance Tax-Managed Global Diversified Equity Income Fund
EXG
$2.97B
$114K ﹤0.01%
12,227
– –
IBN icon
358
ICICI Bank
IBN
$109B
$88K ﹤0.01%
11,000
– –
PLUG icon
359
Plug Power
PLUG
$2.92B
$21K ﹤0.01%
10,250
– –
BX icon
360
Blackstone
BX
$102B
– –
-8,540
Closed -$273K
CB icon
361
Chubb
CB
$135B
– –
-304,122
Closed -$41.6M
CHKP icon
362
Check Point Software Technologies
CHKP
$13.1B
– –
-113,269
Closed -$11.3M
ENTG icon
363
Entegris
ENTG
$17.8B
– –
-8,188
Closed -$285K
FUN icon
364
Cedar Fair
FUN
$1.81B
– –
-4,890
Closed -$313K
MDT icon
365
Medtronic
MDT
$110B
– –
-121,904
Closed -$9.78M
NXPI icon
366
NXP Semiconductors
NXPI
$61.8B
– –
-3,085
Closed -$361K
URI icon
367
United Rentals
URI
$66.5B
– –
-1,312
Closed -$227K
WTM icon
368
White Mountains Insurance
WTM
$5.25B
– –
-580
Closed -$477K
SLCA
369
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
– –
-7,950
Closed -$203K
NE
370
DELISTED
Noble Corporation
NE
– –
-16,400
Closed -$61K
TWX
371
DELISTED
Time Warner Inc
TWX
– –
-43,881
Closed -$4.15M
NVIV
372
DELISTED
InVivo Therapeutics Holdings Corp
NVIV
– –
-5
Closed -$52K
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
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WA
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GGHC
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CCM
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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.