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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
+2.54%
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
$2.89B
AUM Growth
-$389M
Cap. Flow
-$443M
Cap. Flow %
-15.3%
Top 10 Hldgs %
25.08%
Holding
354
New
18
Increased
53
Reduced
151
Closed
52

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$24.3M
2
FTV icon
Fortive
FTV
+$14.2M
3
CHKP icon
Check Point Software Technologies
CHKP
+$8.59M
4
META icon
Meta Platforms (Facebook)
META
+$5.58M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$4.17M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$57.4M
2
ANSS
Ansys
ANSS
+$51.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$36M
4
AFL icon
Aflac
AFL
+$32.5M
5
ABBV icon
AbbVie
ABBV
+$31.3M

Sector Composition

Rank Sector Weight
1 Healthcare 21.22%
2 Industrials 12.88%
3 Technology 12.06%
4 Consumer Discretionary 10.77%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JPM icon
26
JPMorgan Chase
JPM
$933B
$34.7M 1.2%
520,922
-11,520
-2% -$751K
MRK icon
27
Merck
MRK
$321B
$34.3M 1.19%
575,527
-3,095
-0.5% -$181K
SRCL
28
DELISTED
Stericycle Inc
SRCL
$33.3M 1.15%
415,975
-19,153
-4% -$1.73M
MTD icon
29
Mettler-Toledo International
MTD
$27.9B
$30.9M 1.07%
73,508
-171
-0.2% -$67.9K
CVX icon
30
Chevron
CVX
$383B
$29.6M 1.02%
287,710
+1,719
+0.6% +$176K
GSK icon
31
GSK
GSK
$104B
$28.7M 0.99%
533,114
– –
NVDA icon
32
NVIDIA
NVDA
$4.72T
$28.5M 0.99%
16,653,480
-1,627,160
-9% -$2.4M
IBM icon
33
IBM
IBM
$209B
$27.7M 0.96%
182,267
-6,130
-3% -$930K
PX
34
DELISTED
Praxair Inc
PX
$27.5M 0.95%
227,369
-101
-0% -$12K
TJX icon
35
TJX Companies
TJX
$176B
$26.9M 0.93%
719,266
+6,980
+1% +$273K
KYN icon
36
Kayne Anderson Energy Infrastructure Fund
KYN
$2.45B
$25.8M 0.89%
1,250,446
-8,402
-0.7% -$164K
RTN
37
DELISTED
Raytheon Company
RTN
$24.6M 0.85%
180,981
-2,824
-2% -$393K
VZ icon
38
Verizon
VZ
$193B
$24.1M 0.83%
463,436
-12,845
-3% -$689K
CB icon
39
Chubb
CB
$135B
$24.1M 0.83%
+191,500
New +$24.3M
CELG
40
DELISTED
Celgene Corp
CELG
$23.9M 0.83%
228,238
-2,487
-1% -$269K
SVC
41
Service Properties Trust
SVC
$1.04B
$22.6M 0.78%
151,926
-3,871
-2% -$590K
ROP icon
42
Roper Technologies
ROP
$38.5B
$22.5M 0.78%
123,101
+2,591
+2% +$452K
META icon
43
Meta Platforms (Facebook)
META
$1.37T
$22.3M 0.77%
173,986
+44,972
+35% +$5.58M
IDXX icon
44
Idexx Laboratories
IDXX
$44.1B
$22M 0.76%
195,164
-3,026
-2% -$319K
LQD icon
45
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$21.8M 0.75%
176,954
-1,765
-1% -$217K
GILD icon
46
Gilead Sciences
GILD
$163B
$21.8M 0.75%
275,221
-15,265
-5% -$1.24M
IGSB icon
47
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$20.9M 0.72%
395,686
+18,336
+5% +$971K
STT icon
48
State Street
STT
$50.2B
$20.7M 0.72%
297,228
+910
+0.3% +$59.5K
KO icon
49
Coca-Cola
KO
$381B
$20.4M 0.7%
480,983
-3,711
-0.8% -$163K
CMCSA icon
50
Comcast
CMCSA
$84B
$20.3M 0.7%
611,878
+14,298
+2% +$476K
1
2
3 4 5

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CCM
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CL
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WJWM
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Welch & Forbes's Q3 2016 Portfolio in Review

As of Q3 2016, Welch & Forbes held 354 positions worth $2.89B, down 12% from $3.28B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $443M in Q3 2016, closing 52 positions and reducing 151 holdings. Its most notable exit was Apple, an estimated $57.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Chubb worth $24.1M.

  • Welch & Forbes's largest Q3 2016 buy was Chubb: 191,500 shares worth $24.1M.
  • Welch & Forbes added most to Meta Platforms (Facebook) in Q3 2016, an estimated $5.58M increase.
  • Welch & Forbes's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $19.5M.
  • Welch & Forbes fully exited Apple in Q3 2016, selling an estimated $57.4M.
  • Welch & Forbes's ten largest holdings make up 25% of its $2.89B portfolio in Q3 2016.
  • Welch & Forbes opened 18 new positions and closed 52 in Q3 2016.
  • Welch & Forbes's portfolio value fell 12% quarter-over-quarter to $2.89B.

Based on Welch & Forbes's 13F filing for Q3 2016, filed 2 Nov 2016.