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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
+8.91%
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
$5.91B
AUM Growth
+$326M
Cap. Flow
-$37.6M
Cap. Flow %
-0.64%
Top 10 Hldgs %
30.4%
Holding
379
New
11
Increased
77
Reduced
181
Closed
14

Top Buys

Rank Stock Value
1
LHX icon
L3Harris
LHX
+$3.27M
2
NEE icon
NextEra Energy
NEE
+$3M
3
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.36M
4
LECO icon
Lincoln Electric
LECO
+$2.06M
5
ACN icon
Accenture
ACN
+$1.48M

Top Sells

Rank Stock Value
1
MMM icon
3M
MMM
+$8.97M
2
ORLY icon
O'Reilly Automotive
ORLY
+$5M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$4.87M
4
NVDA icon
NVIDIA
NVDA
+$3.74M
5
INTC icon
Intel
INTC
+$3.13M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Healthcare 20.23%
3 Consumer Discretionary 11.59%
4 Financials 11.47%
5 Industrials 8.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RMD icon
26
ResMed
RMD
$30.3B
$66.9M 1.13%
305,520
-812
-0.3% -$176K
ABT icon
27
Abbott
ABT
$183B
$65.4M 1.11%
646,128
-1,142
-0.2% -$121K
ABBV icon
28
AbbVie
ABBV
$455B
$64.9M 1.1%
407,301
-8,163
-2% -$1.25M
TJX icon
29
TJX Companies
TJX
$176B
$62.2M 1.05%
794,284
-3,868
-0.5% -$304K
AMP icon
30
Ameriprise Financial
AMP
$48.1B
$62M 1.05%
202,121
-3,937
-2% -$1.29M
CVX icon
31
Chevron
CVX
$383B
$61.5M 1.04%
376,810
+4,067
+1% +$682K
KMX icon
32
CarMax
KMX
$8.33B
$60.3M 1.02%
938,727
-19,128
-2% -$1.28M
VRTX icon
33
Vertex Pharmaceuticals
VRTX
$122B
$58.7M 0.99%
186,218
-1,953
-1% -$586K
AJG icon
34
Arthur J. Gallagher & Co
AJG
$65.9B
$57.3M 0.97%
299,355
+5,247
+2% +$996K
ADP icon
35
Automatic Data Processing
ADP
$105B
$56.2M 0.95%
252,447
-1,183
-0.5% -$267K
PAYX icon
36
Paychex
PAYX
$41.4B
$49M 0.83%
427,795
-9,678
-2% -$1.1M
GOOGL icon
37
Alphabet (Google) Class A
GOOGL
$4.08T
$47.6M 0.81%
459,200
-5,269
-1% -$505K
TMO icon
38
Thermo Fisher Scientific
TMO
$214B
$47.5M 0.8%
82,343
+1,274
+2% +$718K
CMCSA icon
39
Comcast
CMCSA
$84B
$46.8M 0.79%
1,234,447
+13,720
+1% +$519K
AMZN icon
40
Amazon
AMZN
$2.53T
$44.3M 0.75%
428,903
+6,270
+1% +$606K
MRK icon
41
Merck
MRK
$321B
$42.6M 0.72%
400,678
-4,064
-1% -$439K
LLY icon
42
Eli Lilly
LLY
$1.03T
$42.2M 0.71%
122,828
+1,584
+1% +$534K
BRK.B icon
43
Berkshire Hathaway Class B
BRK.B
$1.1T
$41.4M 0.7%
134,104
+1,824
+1% +$562K
IRM icon
44
Iron Mountain
IRM
$37.1B
$39.4M 0.67%
744,685
-5,460
-0.7% -$286K
CHD icon
45
Church & Dwight Co
CHD
$23.1B
$39.1M 0.66%
441,920
-588
-0.1% -$49.1K
AOS icon
46
A.O. Smith
AOS
$8.24B
$37.2M 0.63%
538,360
+14,589
+3% +$948K
XOM icon
47
ExxonMobil
XOM
$651B
$35.6M 0.6%
324,303
-16,062
-5% -$1.78M
VEA icon
48
Vanguard FTSE Developed Markets ETF
VEA
$230B
$35M 0.59%
774,633
+30,663
+4% +$1.37M
ADBE icon
49
Adobe
ADBE
$98.5B
$34.8M 0.59%
90,315
+4,110
+5% +$1.46M
BAC icon
50
Bank of America
BAC
$433B
$33M 0.56%
1,153,110
+6,713
+0.6% +$222K
1
2
3 4 5

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CCM
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WJWM
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Welch & Forbes's Q1 2023 Portfolio in Review

As of Q1 2023, Welch & Forbes held 379 positions worth $5.91B, up 5.8% from $5.58B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Welch & Forbes's Q1 2023 filing shows 11 new, 77 increased, 181 reduced and 14 closed positions. Its largest new stake was GE HealthCare: 12,855 shares worth $1.05M. The largest sale was 3M, an estimated $8.97M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q1 2023 buy was GE HealthCare: 12,855 shares worth $1.05M.
  • Welch & Forbes added most to L3Harris in Q1 2023, an estimated $3.27M increase.
  • Welch & Forbes's biggest Q1 2023 reduction was 3M, cutting an estimated $8.97M.
  • Welch & Forbes fully exited First Republic Bank in Q1 2023, selling an estimated $967K.
  • Welch & Forbes's ten largest holdings make up 30% of its $5.91B portfolio in Q1 2023.
  • Welch & Forbes opened 11 new positions and closed 14 in Q1 2023.
  • Welch & Forbes's portfolio value rose 5.8% quarter-over-quarter to $5.91B.

Based on Welch & Forbes's 13F filing for Q1 2023, filed 14 Apr 2023.