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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
-0.47%
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
$3.28B
AUM Growth
+$108M
Cap. Flow
+$146M
Cap. Flow %
4.47%
Top 10 Hldgs %
21.28%
Holding
363
New
34
Increased
107
Reduced
144
Closed
15

Top Buys

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.4M
2
APA icon
APA Corp
APA
+$25.9M
3
BUD icon
AB InBev
BUD
+$22.6M
4
AMP icon
Ameriprise Financial
AMP
+$17.9M
5
PRGO icon
Perrigo
PRGO
+$10.5M

Top Sells

Rank Stock Value
1
NE
Noble Corporation
NE
+$14.9M
2
EXPD icon
Expeditors International
EXPD
+$5.2M
3
AFL icon
Aflac
AFL
+$3.81M
4
IRM icon
Iron Mountain
IRM
+$3.08M
5
ICLR icon
Icon
ICLR
+$1.63M

Sector Composition

Rank Sector Weight
1 Healthcare 18.29%
2 Technology 15.08%
3 Industrials 12.43%
4 Financials 10.46%
5 Energy 9.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCD icon
26
McDonald's
MCD
$192B
$39.2M 1.2%
413,602
-14,539
-3% -$1.39M
PAYX icon
27
Paychex
PAYX
$41.6B
$37.7M 1.15%
852,119
-36,903
-4% -$1.55M
V icon
28
Visa
V
$684B
$37.2M 1.13%
696,744
+6,036
+0.9% +$324K
MRK icon
29
Merck
MRK
$322B
$36.5M 1.11%
644,451
-601
-0.1% -$33.7K
CVX icon
30
Chevron
CVX
$392B
$35.4M 1.08%
296,388
-3,137
-1% -$400K
JCI icon
31
Johnson Controls International
JCI
$88.8B
$35.1M 1.07%
760,960
-23,398
-3% -$1.18M
STT icon
32
State Street
STT
$50.6B
$34.7M 1.06%
471,523
+4,742
+1% +$338K
AFL icon
33
Aflac
AFL
$64.9B
$34.7M 1.06%
1,190,884
-125,210
-10% -$3.81M
GILD icon
34
Gilead Sciences
GILD
$162B
$34.1M 1.04%
320,705
-11,781
-4% -$1.15M
CVS icon
35
CVS Health
CVS
$133B
$33.8M 1.03%
425,257
+7,493
+2% +$591K
PFE icon
36
Pfizer
PFE
$143B
$32.9M 1%
1,172,232
-2,201
-0.2% -$61.8K
ABBV icon
37
AbbVie
ABBV
$443B
$32.7M 1%
565,915
+6,861
+1% +$381K
JPM icon
38
JPMorgan Chase
JPM
$935B
$30.4M 0.93%
504,036
+3,180
+0.6% +$186K
INTC icon
39
Intel
INTC
$455B
$30.2M 0.92%
868,387
-9,905
-1% -$335K
EMR icon
40
Emerson Electric
EMR
$83.9B
$27.6M 0.84%
441,013
-1,993
-0.4% -$129K
EMLP icon
41
First Trust North American Energy Infrastructure Fund
EMLP
$4.11B
$27.2M 0.83%
1,003,314
+25,534
+3% +$695K
TRMB icon
42
Trimble
TRMB
$13.2B
$26.6M 0.81%
870,480
+399
+0% +$13K
ABT icon
43
Abbott
ABT
$183B
$26.1M 0.8%
626,902
+24,080
+4% +$1.02M
TD icon
44
Toronto Dominion Bank
TD
$198B
$25.3M 0.77%
513,218
+5,602
+1% +$291K
APA icon
45
APA Corp
APA
$13.2B
$24.6M 0.75%
+262,023
New +$25.9M
LLTC
46
DELISTED
Linear Technology Corp
LLTC
$24.6M 0.75%
554,028
+7,000
+1% +$318K
EXPD icon
47
Expeditors International
EXPD
$22B
$24.4M 0.74%
600,901
-122,010
-17% -$5.2M
ADP icon
48
Automatic Data Processing
ADP
$106B
$24M 0.73%
329,440
+3,967
+1% +$286K
VRTX icon
49
Vertex Pharmaceuticals
VRTX
$121B
$23.8M 0.73%
211,823
-731
-0.3% -$69.6K
GSK icon
50
GSK
GSK
$104B
$23M 0.7%
399,646
-423
-0.1% -$25.9K
1
2
3 4 5

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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
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
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Welch & Forbes's Q3 2014 Portfolio in Review

As of Q3 2014, Welch & Forbes held 363 positions worth $3.28B, up 3.4% from $3.17B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Welch & Forbes deployed $146M of net new capital in Q3 2014, opening 34 new positions and adding to 107 existing holdings. Its largest new stake was Ansys: 578,585 shares worth $43.8M.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Expeditors International, an estimated $5.2M trimmed.

  • Welch & Forbes's largest Q3 2014 buy was Ansys: 578,585 shares worth $43.8M.
  • Welch & Forbes added most to Comcast in Q3 2014, an estimated $6.55M increase.
  • Welch & Forbes's biggest Q3 2014 reduction was Expeditors International, cutting an estimated $5.2M.
  • Welch & Forbes fully exited Noble Corporation in Q3 2014, selling an estimated $14.9M.
  • Welch & Forbes's ten largest holdings make up 21% of its $3.28B portfolio in Q3 2014.
  • Welch & Forbes opened 34 new positions and closed 15 in Q3 2014.
  • Welch & Forbes's portfolio value rose 3.4% quarter-over-quarter to $3.28B.

Based on Welch & Forbes's 13F filing for Q3 2014, filed 27 Oct 2014.