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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
(-0.34%)
Cap. Flow
-$131M
Cap. Flow
% of AUM
-3.37%
Top 10 Holdings %
Top 10 Hldgs %
23.72%
Holding
372
New
16
Increased
96
Reduced
171
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$7.62M |
| 2 |
Constellation Brands
STZ
|
+$4.4M |
| 3 |
CHX
ChampionX
CHX
|
+$3.45M |
| 4 |
Stanley Black & Decker
SWK
|
+$3.4M |
| 5 |
Valero Energy
VLO
|
+$2.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$41.6M |
| 2 |
Check Point Software Technologies
CHKP
|
+$11.3M |
| 3 |
Medtronic
MDT
|
+$9.78M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
26
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
| $44.2M | 1.14% |
124,460
+172
| +0.1% | +$60.5K |
|
27
Intel
INTC
$460B
| $44M | 1.14% |
885,258
-27,174
| -3% | -$1.44M |
|
28
AbbVie
ABBV
$455B
| $42.6M | 1.1% |
460,210
-4,500
| -1% | -$439K |
|
29
Paychex
PAYX
$41.4B
| $42.2M | 1.09% |
617,868
-23,254
| -4% | -$1.5M |
|
30
Chevron
CVX
$383B
| $40.3M | 1.04% |
318,533
+382
| +0.1% | +$47.4K |
|
31
Idexx Laboratories
IDXX
$44.1B
| $40.2M | 1.04% |
184,580
-1,778
| -1% | -$366K |
|
32
Mettler-Toledo International
MTD
$27.9B
| $40M | 1.03% |
69,057
-1,962
| -3% | -$1.12M |
|
|
PX
33
DELISTED
Praxair Inc
PX
| $39.9M | 1.03% |
252,553
-6,042
| -2% | -$934K |
|
34
Abbott
ABT
$183B
| $38.2M | 0.99% |
626,067
+2,077
| +0.3% | +$126K |
|
35
First Trust North American Energy Infrastructure Fund
EMLP
$4.09B
| $37.2M | 0.96% |
1,601,194
-27,448
| -2% | -$621K |
|
36
Automatic Data Processing
ADP
$105B
| $36.6M | 0.95% |
272,504
-5,418
| -2% | -$687K |
|
37
SLB Ltd
SLB
$72.6B
| $36.2M | 0.94% |
540,710
-37,617
| -7% | -$2.58M |
|
38
Iron Mountain
IRM
$37.1B
| $35.3M | 0.91% |
1,008,404
-22,092
| -2% | -$746K |
|
39
Pfizer
PFE
$142B
| $34.8M | 0.9% |
1,011,907
-13,998
| -1% | -$478K |
|
40
Alphabet (Google) Class A
GOOGL
$4.08T
| $31.2M | 0.81% |
553,200
-6,840
| -1% | -$372K |
|
41
TJX Companies
TJX
$176B
| $30.9M | 0.8% |
648,560
+1,376
| +0.2% | +$60.4K |
|
42
Aflac
AFL
$64.8B
| $30.5M | 0.79% |
709,371
+9,492
| +1% | +$426K |
|
43
Merck
MRK
$321B
| $30.2M | 0.78% |
521,602
-11,363
| -2% | -$641K |
|
44
Vertex Pharmaceuticals
VRTX
$122B
| $29.3M | 0.76% |
172,591
-4,450
| -3% | -$690K |
|
45
Ameriprise Financial
AMP
$48.1B
| $28.4M | 0.74% |
203,231
+1,614
| +0.8% | +$229K |
|
46
Booking.com
BKNG
$150B
| $28.3M | 0.73% |
349,275
+1,875
| +0.5% | +$158K |
|
47
ResMed
RMD
$30.3B
| $27.8M | 0.72% |
268,144
+312
| +0.1% | +$31.6K |
|
48
GSK
GSK
$104B
| $26.4M | 0.68% |
524,797
-713
| -0.1% | -$35.9K |
|
49
Fortive
FTV
$17.7B
| $26M | 0.67% |
534,335
+12,568
| +2% | +$600K |
|
50
Comcast
CMCSA
$84B
| $26M | 0.67% |
791,825
-38,615
| -5% | -$1.26M |
|
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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.