We are live on ! Find out more
WF

Welch & Forbes Portfolio holdings

AUM $8.23B
1-Year Est. Return 17.62%
This Fund
S&P 500
This Quarter Est. Return
-11.28%
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
$3.55B
AUM Growth
-$648M
Cap. Flow
-$120M
Cap. Flow %
-3.38%
Top 10 Hldgs %
24.58%
Holding
367
New
7
Increased
73
Reduced
160
Closed
28

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.4M
2
MSFT icon
Microsoft
MSFT
+$4.97M
3
MTD icon
Mettler-Toledo International
MTD
+$4.5M
4
RMD icon
ResMed
RMD
+$3.95M
5
ADBE icon
Adobe
ADBE
+$3.79M

Top Sells

Rank Stock Value
1
PX
Praxair Inc
PX
+$37.8M
2
SLB icon
SLB Ltd
SLB
+$9.29M
3
NVDA icon
NVIDIA
NVDA
+$9.02M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$7.85M
5
BUD icon
AB InBev
BUD
+$5.79M

Sector Composition

Rank Sector Weight
1 Healthcare 21.38%
2 Technology 17.47%
3 Financials 12.26%
4 Consumer Discretionary 10.53%
5 Industrials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MUB icon
351
iShares National Muni Bond ETF
MUB
$45.2B
– –
-2,185
Closed -$236K
PAGP icon
352
Plains GP Holdings
PAGP
$5.26B
– –
-8,286
Closed -$203K
RMR icon
353
The RMR Group
RMR
$333M
– –
-2,372
Closed -$220K
SFST icon
354
Southern First Bancshares
SFST
$579M
– –
-10,000
Closed -$393K
TTE icon
355
TotalEnergies
TTE
$193B
– –
-3,440
Closed -$222K
TYL icon
356
Tyler Technologies
TYL
$13.3B
– –
-1,000
Closed -$245K
URI icon
357
United Rentals
URI
$66.5B
– –
-1,312
Closed -$215K
VOD icon
358
Vodafone
VOD
$37.2B
– –
-9,423
Closed -$204K
WAB icon
359
Wabtec
WAB
$49.4B
– –
-2,434
Closed -$255K
PXD
360
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-1,154
Closed -$201K
NBL
361
DELISTED
Noble Energy, Inc.
NBL
– –
-9,500
Closed -$296K
ESRX
362
DELISTED
Express Scripts Holding Company
ESRX
– –
-6,352
Closed -$604K
AET
363
DELISTED
Aetna Inc
AET
– –
-5,459
Closed -$1.11M
COL
364
DELISTED
Rockwell Collins
COL
– –
-2,250
Closed -$316K
PX
365
DELISTED
Praxair Inc
PX
– –
-235,061
Closed -$37.8M
SIVB
366
DELISTED
SVB Financial Group
SIVB
– –
-950
Closed -$295K
MTSC
367
DELISTED
MTS Systems Corp
MTSC
– –
-5,500
Closed -$301K
11 12 13 14
15

Similar funds

OC
Oppenheimer & Co New York $8.21B AUM 28.81% 1-Year Est. Return
LGF
LGT Group Foundation Vaduz, Liechtenstein $8.19B AUM 27.7% 1-Year Est. Return
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 Q4 2018 Portfolio in Review

As of Q4 2018, Welch & Forbes held 367 positions worth $3.55B, down 15% from $4.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $120M in Q4 2018, closing 28 positions and reducing 160 holdings. Its most notable exit was Praxair Inc, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Watsco Inc worth $2.3M.

  • Welch & Forbes's largest Q4 2018 buy was Watsco Inc: 16,518 shares worth $2.3M.
  • Welch & Forbes added most to Amazon in Q4 2018, an estimated $10.4M increase.
  • Welch & Forbes's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $9.29M.
  • Welch & Forbes fully exited Praxair Inc in Q4 2018, selling an estimated $37.8M.
  • Welch & Forbes's ten largest holdings make up 25% of its $3.55B portfolio in Q4 2018.
  • Welch & Forbes opened 7 new positions and closed 28 in Q4 2018.
  • Welch & Forbes's portfolio value fell 15% quarter-over-quarter to $3.55B.

Based on Welch & Forbes's 13F filing for Q4 2018, filed 5 Feb 2019.