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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
+4.95%
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
$3.17B
AUM Growth
+$11.1M
Cap. Flow
-$121M
Cap. Flow %
-3.83%
Top 10 Hldgs %
22.62%
Holding
353
New
18
Increased
114
Reduced
136
Closed
24

Top Buys

Rank Stock Value
1
NE
Noble Corporation
NE
+$14M
2
WMT icon
Walmart Inc
WMT
+$4.45M
3
OTEX icon
Open Text
OTEX
+$4.03M
4
TJX icon
TJX Companies
TJX
+$3.63M
5
V icon
Visa
V
+$2.89M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.1M
2
APA icon
APA Corp
APA
+$22.8M
3
BUD icon
AB InBev
BUD
+$20.6M
4
AMP icon
Ameriprise Financial
AMP
+$16.1M
5
PRGO icon
Perrigo
PRGO
+$10.4M

Sector Composition

Rank Sector Weight
1 Healthcare 18.17%
2 Industrials 13.79%
3 Technology 13.42%
4 Financials 9.99%
5 Energy 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KO icon
51
Coca-Cola
KO
$381B
$22.6M 0.71%
532,865
+747
+0.1% +$30.3K
DOV icon
52
Dover
DOV
$27.5B
$21.9M 0.69%
298,344
+650
+0.2% +$45.4K
MDY icon
53
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$21M 0.66%
80,784
+1,089
+1% +$273K
CVE icon
54
Cenovus Energy
CVE
$56.5B
$21M 0.66%
648,607
-13,171
-2% -$392K
FISV
55
Fiserv Inc
FISV
$28.8B
$20.9M 0.66%
692,334
+1,798
+0.3% +$53.3K
IGSB icon
56
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$20.8M 0.66%
393,780
-10,216
-3% -$539K
VZ icon
57
Verizon
VZ
$193B
$20.2M 0.64%
413,843
+10,172
+3% +$493K
VRTX icon
58
Vertex Pharmaceuticals
VRTX
$122B
$20.1M 0.64%
212,554
-10,306
-5% -$723K
BKLN icon
59
Invesco Senior Loan ETF
BKLN
$6.97B
$19M 0.6%
764,165
+71,985
+10% +$1.79M
T icon
60
AT&T
T
$159B
$18.6M 0.59%
695,910
+241
+0% +$6.46K
MTD icon
61
Mettler-Toledo International
MTD
$27.9B
$17.5M 0.55%
69,035
+1,776
+3% +$427K
RTN
62
DELISTED
Raytheon Company
RTN
$17.4M 0.55%
189,088
-1,788
-0.9% -$173K
RMD icon
63
ResMed
RMD
$30.3B
$17.4M 0.55%
344,355
-21,670
-6% -$1.07M
LTM
64
DELISTED
LIFE TIME FITNESS INC
LTM
$17.4M 0.55%
357,373
+13,348
+4% +$656K
TDC icon
65
Teradata
TDC
$2.88B
$17.1M 0.54%
426,400
-61,778
-13% -$2.7M
TJX icon
66
TJX Companies
TJX
$176B
$15.3M 0.48%
574,962
+127,270
+28% +$3.63M
NE
67
DELISTED
Noble Corporation
NE
$14.9M 0.47%
+509,476
New +$14M
BRK.B icon
68
Berkshire Hathaway Class B
BRK.B
$1.1T
$14.6M 0.46%
115,598
+1,255
+1% +$159K
COF icon
69
Capital One
COF
$129B
$14.3M 0.45%
173,255
+23,586
+16% +$1.83M
IDXX icon
70
Idexx Laboratories
IDXX
$44.1B
$14.3M 0.45%
214,126
-10,734
-5% -$683K
USB icon
71
US Bancorp
USB
$98B
$14.2M 0.45%
326,998
-2,201
-0.7% -$91.9K
CELG
72
DELISTED
Celgene Corp
CELG
$13.7M 0.43%
159,869
+14,307
+10% +$1.09M
COST icon
73
Costco
COST
$423B
$13.3M 0.42%
115,129
+1,214
+1% +$139K
MZTI
74
The Marzetti Company
MZTI
$2.95B
$12.3M 0.39%
129,677
-45,919
-26% -$4.25M
CGNX icon
75
Cognex
CGNX
$10.4B
$12.3M 0.39%
640,880
-10,938
-2% -$193K
1 2
3
4 5

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OC
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LGF
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CCM
Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return
CL
Choreo LLC Rockford, Illinois $8.15B AUM 20.12% 1-Year Est. Return
WJWM
Williams Jones Wealth Management New York $8.14B AUM 19.32% 1-Year Est. Return
WA
Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.85% 1-Year Est. Return
GGHC
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CCM
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Welch & Forbes's Q2 2014 Portfolio in Review

As of Q2 2014, Welch & Forbes held 353 positions worth $3.17B, up 0.35% from $3.16B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $121M in Q2 2014, closing 24 positions and reducing 136 holdings. Its most notable exit was Ansys, an estimated $45.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Noble Corporation worth $14.9M.

  • Welch & Forbes's largest Q2 2014 buy was Noble Corporation: 509,476 shares worth $14.9M.
  • Welch & Forbes added most to Walmart Inc in Q2 2014, an estimated $4.45M increase.
  • Welch & Forbes's biggest Q2 2014 reduction was Expeditors International, cutting an estimated $4.83M.
  • Welch & Forbes fully exited Ansys in Q2 2014, selling an estimated $45.1M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.17B portfolio in Q2 2014.
  • Welch & Forbes opened 18 new positions and closed 24 in Q2 2014.
  • Welch & Forbes's portfolio value rose 0.35% quarter-over-quarter to $3.17B.

Based on Welch & Forbes's 13F filing for Q2 2014, filed 31 Jul 2014.