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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
-3.61%
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
$6.05B
AUM Growth
-$292M
Cap. Flow
-$13.2M
Cap. Flow %
-0.22%
Top 10 Hldgs %
31.48%
Holding
382
New
7
Increased
100
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
DNA icon
Ginkgo Bioworks
DNA
+$14M
2
NEE icon
NextEra Energy
NEE
+$9.06M
3
LLY icon
Eli Lilly
LLY
+$4.07M
4
ACN icon
Accenture
ACN
+$2.07M
5
OMC icon
Omnicom Group
OMC
+$2.03M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$13.8M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.76M
3
MSFT icon
Microsoft
MSFT
+$3.06M
4
JNJ icon
Johnson & Johnson
JNJ
+$2.16M
5
AAPL icon
Apple
AAPL
+$2.08M

Sector Composition

Rank Sector Weight
1 Technology 24.45%
2 Healthcare 18.9%
3 Financials 11.77%
4 Consumer Discretionary 11.76%
5 Consumer Staples 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TJX icon
26
TJX Companies
TJX
$176B
$70.5M 1.17%
793,696
+2,290
+0.3% +$202K
LLY icon
27
Eli Lilly
LLY
$1.03T
$69.7M 1.15%
129,753
+7,896
+6% +$4.07M
AJG icon
28
Arthur J. Gallagher & Co
AJG
$65.9B
$67.2M 1.11%
294,650
-2,064
-0.7% -$462K
CVX icon
29
Chevron
CVX
$383B
$66M 1.09%
391,280
+9,692
+3% +$1.57M
AMP icon
30
Ameriprise Financial
AMP
$48.1B
$65.5M 1.08%
198,577
-2,268
-1% -$774K
KMX icon
31
CarMax
KMX
$8.33B
$64.7M 1.07%
914,556
-8,892
-1% -$728K
VRTX icon
32
Vertex Pharmaceuticals
VRTX
$122B
$64.4M 1.06%
185,070
+266
+0.1% +$93K
ABT icon
33
Abbott
ABT
$183B
$62.2M 1.03%
642,428
-4,106
-0.6% -$431K
GOOGL icon
34
Alphabet (Google) Class A
GOOGL
$4.08T
$59.9M 0.99%
457,858
-6,821
-1% -$882K
ADP icon
35
Automatic Data Processing
ADP
$105B
$59.6M 0.99%
247,907
-5,372
-2% -$1.31M
ABBV icon
36
AbbVie
ABBV
$455B
$58.9M 0.97%
395,066
-7,243
-2% -$1.06M
AMZN icon
37
Amazon
AMZN
$2.53T
$56.3M 0.93%
442,714
+9,893
+2% +$1.33M
CMCSA icon
38
Comcast
CMCSA
$84B
$55M 0.91%
1,239,509
+12,635
+1% +$564K
ADBE icon
39
Adobe
ADBE
$98.5B
$48.4M 0.8%
94,938
+2,323
+3% +$1.22M
PAYX icon
40
Paychex
PAYX
$41.4B
$47.7M 0.79%
413,471
-8,507
-2% -$1.03M
RMD icon
41
ResMed
RMD
$30.3B
$46.9M 0.78%
317,402
+9,196
+3% +$1.66M
BRK.B icon
42
Berkshire Hathaway Class B
BRK.B
$1.1T
$46.8M 0.77%
133,614
-2,653
-2% -$941K
TMO icon
43
Thermo Fisher Scientific
TMO
$214B
$44.3M 0.73%
87,571
+3,586
+4% +$1.91M
IRM icon
44
Iron Mountain
IRM
$37.1B
$43.9M 0.73%
737,694
-6,830
-0.9% -$417K
MRK icon
45
Merck
MRK
$321B
$40.5M 0.67%
393,221
-4,653
-1% -$502K
CHD icon
46
Church & Dwight Co
CHD
$23.1B
$40.3M 0.67%
440,003
+776
+0.2% +$74.3K
XOM icon
47
ExxonMobil
XOM
$651B
$38M 0.63%
323,363
-585
-0.2% -$64.2K
AOS icon
48
A.O. Smith
AOS
$8.24B
$36.3M 0.6%
548,237
+5,868
+1% +$417K
VEA icon
49
Vanguard FTSE Developed Markets ETF
VEA
$230B
$35.9M 0.59%
820,216
+29,709
+4% +$1.36M
ACN icon
50
Accenture
ACN
$99.9B
$34.7M 0.57%
113,084
+6,573
+6% +$2.07M
1
2
3 4 5

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WJWM
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Welch & Forbes's Q3 2023 Portfolio in Review

As of Q3 2023, Welch & Forbes held 382 positions worth $6.05B, down 4.6% from $6.34B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Welch & Forbes's Q3 2023 filing shows 7 new, 100 increased, 189 reduced and 15 closed positions. Its largest new stake was Ginkgo Bioworks: 175,000 shares worth $12.7M. The largest sale was NVIDIA, an estimated $13.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2023 buy was Ginkgo Bioworks: 175,000 shares worth $12.7M.
  • Welch & Forbes added most to NextEra Energy in Q3 2023, an estimated $9.06M increase.
  • Welch & Forbes's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $13.8M.
  • Welch & Forbes fully exited Darden Restaurants in Q3 2023, selling an estimated $427K.
  • Welch & Forbes's ten largest holdings make up 31% of its $6.05B portfolio in Q3 2023.
  • Welch & Forbes opened 7 new positions and closed 15 in Q3 2023.
  • Welch & Forbes's portfolio value fell 4.6% quarter-over-quarter to $6.05B.

Based on Welch & Forbes's 13F filing for Q3 2023, filed 3 Nov 2023.