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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTD icon
26
Mettler-Toledo International
MTD
$27.9B
$77.5M 1.17%
63,931
-1,028
-2% -$1.11M
VRTX icon
27
Vertex Pharmaceuticals
VRTX
$122B
$76.7M 1.16%
188,387
+3,317
+2% +$1.23M
AMP icon
28
Ameriprise Financial
AMP
$48.1B
$74.7M 1.13%
196,563
-2,014
-1% -$691K
TJX icon
29
TJX Companies
TJX
$176B
$74.3M 1.12%
791,574
-2,122
-0.3% -$190K
ABT icon
30
Abbott
ABT
$183B
$70.3M 1.06%
638,659
-3,769
-0.6% -$377K
AMZN icon
31
Amazon
AMZN
$2.53T
$68.2M 1.03%
448,884
+6,170
+1% +$865K
KMX icon
32
CarMax
KMX
$8.33B
$68.1M 1.03%
886,947
-27,609
-3% -$1.86M
AJG icon
33
Arthur J. Gallagher & Co
AJG
$65.9B
$67.7M 1.02%
301,128
+6,478
+2% +$1.53M
GOOGL icon
34
Alphabet (Google) Class A
GOOGL
$4.08T
$63.4M 0.96%
454,120
-3,738
-0.8% -$502K
ABBV icon
35
AbbVie
ABBV
$455B
$59.2M 0.89%
381,976
-13,090
-3% -$1.91M
CVX icon
36
Chevron
CVX
$383B
$58.4M 0.88%
391,427
+147
+0% +$22.2K
ADBE icon
37
Adobe
ADBE
$98.5B
$57.9M 0.87%
96,983
+2,045
+2% +$1.18M
ADP icon
38
Automatic Data Processing
ADP
$105B
$57.5M 0.87%
246,634
-1,273
-0.5% -$297K
RMD icon
39
ResMed
RMD
$30.3B
$53.4M 0.81%
310,540
-6,862
-2% -$1.05M
CMCSA icon
40
Comcast
CMCSA
$84B
$53.3M 0.81%
1,216,528
-22,981
-2% -$985K
IRM icon
41
Iron Mountain
IRM
$37.1B
$51.2M 0.77%
731,578
-6,116
-0.8% -$384K
PAYX icon
42
Paychex
PAYX
$41.4B
$48.2M 0.73%
404,384
-9,087
-2% -$1.08M
TMO icon
43
Thermo Fisher Scientific
TMO
$214B
$46.5M 0.7%
87,637
+66
+0.1% +$31.9K
BRK.B icon
44
Berkshire Hathaway Class B
BRK.B
$1.1T
$46M 0.69%
128,993
-4,621
-3% -$1.62M
AOS icon
45
A.O. Smith
AOS
$8.24B
$45.4M 0.69%
550,150
+1,913
+0.3% +$141K
CHD icon
46
Church & Dwight Co
CHD
$23.1B
$42.3M 0.64%
447,081
+7,078
+2% +$648K
MRK icon
47
Merck
MRK
$321B
$41.5M 0.63%
380,846
-12,375
-3% -$1.28M
ACN icon
48
Accenture
ACN
$99.9B
$41.2M 0.62%
117,425
+4,341
+4% +$1.4M
LECO icon
49
Lincoln Electric
LECO
$13.7B
$40M 0.6%
184,002
+5,570
+3% +$1.07M
VEA icon
50
Vanguard FTSE Developed Markets ETF
VEA
$230B
$39.9M 0.6%
832,793
+12,577
+2% +$563K
1
2
3 4 5

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Welch & Forbes's Q4 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.