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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
+6.91%
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
$7.86B
AUM Growth
+$364M
Cap. Flow
-$23.2M
Cap. Flow %
-0.3%
Top 10 Hldgs %
33.84%
Holding
377
New
11
Increased
101
Reduced
170
Closed
4

Top Buys

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$13M
2
AVGO icon
Broadcom
AVGO
+$8.31M
3
AMZN icon
Amazon
AMZN
+$6.03M
4
XYL icon
Xylem
XYL
+$2.09M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$1.46M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$10.4M
2
BSX icon
Boston Scientific
BSX
+$4.19M
3
AAPL icon
Apple
AAPL
+$3.29M
4
INTC icon
Intel
INTC
+$2.93M
5
ORLY icon
O'Reilly Automotive
ORLY
+$2.7M

Sector Composition

Rank Sector Weight
1 Technology 27.24%
2 Healthcare 17.22%
3 Financials 11.26%
4 Consumer Discretionary 11.19%
5 Industrials 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTD icon
26
Mettler-Toledo International
MTD
$27.9B
$92.6M 1.18%
61,734
-345
-0.6% -$484K
VRTX icon
27
Vertex Pharmaceuticals
VRTX
$122B
$91.4M 1.16%
196,619
+1,722
+0.9% +$827K
AMP icon
28
Ameriprise Financial
AMP
$48.1B
$85.9M 1.09%
182,934
+1,121
+0.6% +$486K
IDXX icon
29
Idexx Laboratories
IDXX
$44.1B
$85.5M 1.09%
169,237
-484
-0.3% -$235K
AJG icon
30
Arthur J. Gallagher & Co
AJG
$65.9B
$85.2M 1.08%
302,758
-2,994
-1% -$844K
IRM icon
31
Iron Mountain
IRM
$37.1B
$81.7M 1.04%
687,469
-24,416
-3% -$2.61M
MDY icon
32
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$79.9M 1.02%
140,310
+398
+0.3% +$219K
RMD icon
33
ResMed
RMD
$30.3B
$79.8M 1.02%
326,952
+1,561
+0.5% +$349K
GOOGL icon
34
Alphabet (Google) Class A
GOOGL
$4.08T
$74.5M 0.95%
449,145
-2,291
-0.5% -$384K
ABT icon
35
Abbott
ABT
$183B
$72.9M 0.93%
639,109
-6,403
-1% -$702K
ABBV icon
36
AbbVie
ABBV
$455B
$72M 0.92%
364,569
-6,283
-2% -$1.17M
KMX icon
37
CarMax
KMX
$8.33B
$68.9M 0.88%
890,089
-1,459
-0.2% -$115K
ADP icon
38
Automatic Data Processing
ADP
$105B
$67.2M 0.85%
242,737
-1,468
-0.6% -$384K
META icon
39
Meta Platforms (Facebook)
META
$1.37T
$64.6M 0.82%
112,835
+1,868
+2% +$961K
CVX icon
40
Chevron
CVX
$383B
$61.8M 0.79%
419,528
+8,690
+2% +$1.29M
ADBE icon
41
Adobe
ADBE
$98.5B
$60.7M 0.77%
117,255
+409
+0.4% +$224K
BRK.B icon
42
Berkshire Hathaway Class B
BRK.B
$1.1T
$59.4M 0.76%
129,093
+951
+0.7% +$421K
TMO icon
43
Thermo Fisher Scientific
TMO
$214B
$58.3M 0.74%
94,277
+384
+0.4% +$227K
PAYX icon
44
Paychex
PAYX
$41.4B
$52M 0.66%
387,158
-2,271
-0.6% -$288K
AOS icon
45
A.O. Smith
AOS
$8.24B
$50.9M 0.65%
566,403
+8,381
+2% +$694K
CMCSA icon
46
Comcast
CMCSA
$84B
$49.2M 0.63%
1,178,355
-4,933
-0.4% -$195K
XYL icon
47
Xylem
XYL
$27.3B
$47.7M 0.61%
353,387
+15,587
+5% +$2.09M
VEA icon
48
Vanguard FTSE Developed Markets ETF
VEA
$230B
$47.4M 0.6%
896,950
+18,618
+2% +$947K
CHD icon
49
Church & Dwight Co
CHD
$23.1B
$47.1M 0.6%
450,243
-1,898
-0.4% -$195K
LIN icon
50
Linde
LIN
$235B
$46.5M 0.59%
97,538
+688
+0.7% +$314K
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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CCM
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Welch & Forbes's Q3 2024 Portfolio in Review

As of Q3 2024, Welch & Forbes held 377 positions worth $7.86B, up 4.9% from $7.49B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q3 2024: portfolio turnover was 4%. Welch & Forbes opened 11 new positions and exited 4, leaving the 377-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 27% of assets, down from 29% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2024 buy was Vanguard Information Technology ETF: 5,488 shares worth $402K.
  • Welch & Forbes added most to ServiceNow in Q3 2024, an estimated $13M increase.
  • Welch & Forbes's biggest Q3 2024 reduction was NVIDIA, cutting an estimated $10.4M.
  • Welch & Forbes fully exited APA Corp in Q3 2024, selling an estimated $228K.
  • Welch & Forbes's ten largest holdings make up 34% of its $7.86B portfolio in Q3 2024.
  • Welch & Forbes opened 11 new positions and closed 4 in Q3 2024.
  • Welch & Forbes's portfolio value rose 4.9% quarter-over-quarter to $7.86B.

Based on Welch & Forbes's 13F filing for Q3 2024, filed 4 Nov 2024.