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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
-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
CB icon
26
Chubb
CB
$135B
$41.1M 1.16%
318,100
-2,259
-0.7% -$292K
PFE icon
27
Pfizer
PFE
$142B
$40.4M 1.14%
975,800
-13,374
-1% -$555K
PAYX icon
28
Paychex
PAYX
$41.4B
$39.3M 1.11%
602,816
-9,398
-2% -$637K
RTN
29
DELISTED
Raytheon Company
RTN
$38.3M 1.08%
249,753
-128
-0.1% -$22.9K
WFC icon
30
Wells Fargo
WFC
$258B
$37.5M 1.06%
814,718
-30,665
-4% -$1.57M
MDY icon
31
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$37M 1.04%
122,179
-3,802
-3% -$1.27M
MRK icon
32
Merck
MRK
$321B
$36.6M 1.03%
502,024
-12,528
-2% -$884K
ADP icon
33
Automatic Data Processing
ADP
$105B
$35.3M 0.99%
269,127
-2,055
-0.8% -$290K
CVX icon
34
Chevron
CVX
$383B
$35.2M 0.99%
323,334
+2,537
+0.8% +$294K
RMD icon
35
ResMed
RMD
$30.3B
$34.4M 0.97%
302,479
+36,905
+14% +$3.95M
EMLP icon
36
First Trust North American Energy Infrastructure Fund
EMLP
$4.09B
$33.9M 0.96%
1,580,463
-36,429
-2% -$836K
IDXX icon
37
Idexx Laboratories
IDXX
$44.1B
$33.4M 0.94%
179,575
-1,547
-0.9% -$317K
AFL icon
38
Aflac
AFL
$64.8B
$32.1M 0.9%
704,077
-3,148
-0.4% -$140K
IRM icon
39
Iron Mountain
IRM
$37.1B
$31.9M 0.9%
982,763
-19,887
-2% -$652K
VRTX icon
40
Vertex Pharmaceuticals
VRTX
$122B
$29.2M 0.82%
176,050
-386
-0.2% -$66.9K
TJX icon
41
TJX Companies
TJX
$176B
$28.9M 0.82%
646,897
+1,461
+0.2% +$73.8K
GOOGL icon
42
Alphabet (Google) Class A
GOOGL
$4.08T
$28.4M 0.8%
543,460
-2,660
-0.5% -$144K
META icon
43
Meta Platforms (Facebook)
META
$1.37T
$28.2M 0.8%
215,234
-28,267
-12% -$4.1M
NVDA icon
44
NVIDIA
NVDA
$4.72T
$27.7M 0.78%
8,303,440
-1,885,560
-19% -$9.02M
CHD icon
45
Church & Dwight Co
CHD
$23.1B
$26.6M 0.75%
403,742
-2,747
-0.7% -$174K
CMCSA icon
46
Comcast
CMCSA
$84B
$26M 0.73%
762,554
-2,777
-0.4% -$101K
GSK icon
47
GSK
GSK
$104B
$25M 0.71%
524,287
-510
-0.1% -$25.1K
COST icon
48
Costco
COST
$423B
$24.2M 0.68%
118,877
-419
-0.4% -$93.6K
BKNG icon
49
Booking.com
BKNG
$150B
$24M 0.68%
348,275
+550
+0.2% +$40.3K
VZ icon
50
Verizon
VZ
$193B
$22.7M 0.64%
403,410
+4,684
+1% +$266K
1
2
3 4 5

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CCM
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CL
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WJWM
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GGHC
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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.