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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
+8.96%
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
$6.34B
AUM Growth
+$434M
Cap. Flow
-$18.3M
Cap. Flow %
-0.29%
Top 10 Hldgs %
31.79%
Holding
381
New
16
Increased
129
Reduced
167
Closed
6

Top Buys

Rank Stock Value
1
ROL icon
Rollins
ROL
+$2.83M
2
NEE icon
NextEra Energy
NEE
+$2.11M
3
CSL icon
Carlisle Companies
CSL
+$1.82M
4
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$1.63M
5
ACN icon
Accenture
ACN
+$1.39M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$5.88M
2
NVDA icon
NVIDIA
NVDA
+$5.79M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.31M
4
CARR icon
Carrier Global
CARR
+$2.85M
5
MMM icon
3M
MMM
+$1.75M

Sector Composition

Rank Sector Weight
1 Technology 24.85%
2 Healthcare 19.07%
3 Consumer Discretionary 11.87%
4 Financials 11.31%
5 Industrials 8.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDY icon
26
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$77.2M 1.22%
161,265
+1,444
+0.9% +$657K
ABT icon
27
Abbott
ABT
$183B
$70.5M 1.11%
646,534
+406
+0.1% +$43.3K
RMD icon
28
ResMed
RMD
$30.3B
$67.3M 1.06%
308,206
+2,686
+0.9% +$599K
TJX icon
29
TJX Companies
TJX
$176B
$67.1M 1.06%
791,406
-2,878
-0.4% -$227K
AMP icon
30
Ameriprise Financial
AMP
$48.1B
$66.7M 1.05%
200,845
-1,276
-0.6% -$392K
AJG icon
31
Arthur J. Gallagher & Co
AJG
$65.9B
$65.1M 1.03%
296,714
-2,641
-0.9% -$550K
VRTX icon
32
Vertex Pharmaceuticals
VRTX
$122B
$65M 1.03%
184,804
-1,414
-0.8% -$476K
CVX icon
33
Chevron
CVX
$383B
$60M 0.95%
381,588
+4,778
+1% +$766K
LLY icon
34
Eli Lilly
LLY
$1.03T
$57.1M 0.9%
121,857
-971
-0.8% -$407K
AMZN icon
35
Amazon
AMZN
$2.53T
$56.4M 0.89%
432,821
+3,918
+0.9% +$447K
ADP icon
36
Automatic Data Processing
ADP
$105B
$55.7M 0.88%
253,279
+832
+0.3% +$179K
GOOGL icon
37
Alphabet (Google) Class A
GOOGL
$4.08T
$55.6M 0.88%
464,679
+5,479
+1% +$631K
ABBV icon
38
AbbVie
ABBV
$455B
$54.2M 0.86%
402,309
-4,992
-1% -$732K
CMCSA icon
39
Comcast
CMCSA
$84B
$51M 0.8%
1,226,874
-7,573
-0.6% -$301K
PAYX icon
40
Paychex
PAYX
$41.4B
$47.2M 0.74%
421,978
-5,817
-1% -$636K
BRK.B icon
41
Berkshire Hathaway Class B
BRK.B
$1.1T
$46.5M 0.73%
136,267
+2,163
+2% +$706K
MRK icon
42
Merck
MRK
$321B
$45.9M 0.72%
397,874
-2,804
-0.7% -$318K
ADBE icon
43
Adobe
ADBE
$98.5B
$45.3M 0.71%
92,615
+2,300
+3% +$927K
CHD icon
44
Church & Dwight Co
CHD
$23.1B
$44M 0.69%
439,227
-2,693
-0.6% -$254K
TMO icon
45
Thermo Fisher Scientific
TMO
$214B
$43.8M 0.69%
83,985
+1,642
+2% +$886K
IRM icon
46
Iron Mountain
IRM
$37.1B
$42.3M 0.67%
744,524
-161
-0% -$8.81K
AOS icon
47
A.O. Smith
AOS
$8.24B
$39.5M 0.62%
542,369
+4,009
+0.7% +$274K
VEA icon
48
Vanguard FTSE Developed Markets ETF
VEA
$230B
$36.5M 0.58%
790,507
+15,874
+2% +$730K
XOM icon
49
ExxonMobil
XOM
$651B
$34.7M 0.55%
323,948
-355
-0.1% -$38.7K
LECO icon
50
Lincoln Electric
LECO
$13.7B
$34.1M 0.54%
171,725
+4,980
+3% +$868K
1
2
3 4 5

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WJWM
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Welch & Forbes's Q2 2023 Portfolio in Review

As of Q2 2023, Welch & Forbes held 381 positions worth $6.34B, up 7.4% from $5.91B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q2 2023 filing shows 16 new, 129 increased, 167 reduced and 6 closed positions. Its largest new stake was Rollins: 69,707 shares worth $2.99M. The largest sale was Apple, an estimated $5.88M.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q2 2023 buy was Rollins: 69,707 shares worth $2.99M.
  • Welch & Forbes added most to NextEra Energy in Q2 2023, an estimated $2.11M increase.
  • Welch & Forbes's biggest Q2 2023 reduction was Apple, cutting an estimated $5.88M.
  • Welch & Forbes fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q2 2023, selling an estimated $510K.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.34B portfolio in Q2 2023.
  • Welch & Forbes opened 16 new positions and closed 6 in Q2 2023.
  • Welch & Forbes's portfolio value rose 7.4% quarter-over-quarter to $6.34B.

Based on Welch & Forbes's 13F filing for Q2 2023, filed 28 Jul 2023.