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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
+2.54%
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
$2.89B
AUM Growth
-$389M
Cap. Flow
-$443M
Cap. Flow %
-15.3%
Top 10 Hldgs %
25.08%
Holding
354
New
18
Increased
53
Reduced
151
Closed
52

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$24.3M
2
FTV icon
Fortive
FTV
+$14.2M
3
CHKP icon
Check Point Software Technologies
CHKP
+$8.59M
4
META icon
Meta Platforms (Facebook)
META
+$5.58M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$4.17M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$57.4M
2
ANSS
Ansys
ANSS
+$51.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$36M
4
AFL icon
Aflac
AFL
+$32.5M
5
ABBV icon
AbbVie
ABBV
+$31.3M

Sector Composition

Rank Sector Weight
1 Healthcare 21.22%
2 Industrials 12.88%
3 Technology 12.06%
4 Consumer Discretionary 10.77%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXPD icon
51
Expeditors International
EXPD
$21.8B
$19.7M 0.68%
382,048
+89
+0% +$4.51K
MDY icon
52
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$19.4M 0.67%
68,555
+569
+0.8% +$160K
COF icon
53
Capital One
COF
$129B
$18.6M 0.64%
259,206
-13,795
-5% -$947K
JCI icon
54
Johnson Controls International
JCI
$87.8B
$18.5M 0.64%
397,743
-244,544
-38% -$11.3M
COST icon
55
Costco
COST
$423B
$18M 0.62%
118,114
-1,038
-0.9% -$168K
QCOM icon
56
Qualcomm
QCOM
$160B
$17.8M 0.62%
260,549
-18,928
-7% -$1.15M
OMC icon
57
Omnicom Group
OMC
$21.8B
$17.8M 0.62%
209,590
-846
-0.4% -$70.9K
RMD icon
58
ResMed
RMD
$30.3B
$17.5M 0.6%
269,684
-17,537
-6% -$1.17M
VRTX icon
59
Vertex Pharmaceuticals
VRTX
$122B
$16.8M 0.58%
192,660
-5,242
-3% -$495K
TD icon
60
Toronto Dominion Bank
TD
$198B
$16.6M 0.57%
374,195
-10,613
-3% -$465K
BKNG icon
61
Booking.com
BKNG
$150B
$16.4M 0.57%
279,375
+6,875
+3% +$383K
CHD icon
62
Church & Dwight Co
CHD
$23.1B
$16.1M 0.56%
335,591
+6,403
+2% +$316K
MIDD icon
63
Middleby
MIDD
$6.03B
$15.7M 0.54%
127,392
+5,282
+4% +$649K
DOV icon
64
Dover
DOV
$27.5B
$15.5M 0.54%
260,601
+4,891
+2% +$283K
BMY icon
65
Bristol-Myers Squibb
BMY
$132B
$15.5M 0.54%
287,164
+936
+0.3% +$60.1K
AGN
66
DELISTED
Allergan plc
AGN
$15.5M 0.54%
67,233
-1,457
-2% -$356K
USB icon
67
US Bancorp
USB
$98B
$14.8M 0.51%
344,769
+3,151
+0.9% +$134K
CGNX icon
68
Cognex
CGNX
$10.4B
$14.8M 0.51%
558,800
-6,634
-1% -$159K
EW icon
69
Edwards Lifesciences
EW
$50B
$14.2M 0.49%
353,892
-1,665
-0.5% -$62.7K
FTV icon
70
Fortive
FTV
$17.7B
$14.2M 0.49%
+441,363
New +$14.2M
BDX icon
71
Becton Dickinson
BDX
$45.6B
$14M 0.48%
79,830
-520
-0.6% -$88.9K
MZTI
72
The Marzetti Company
MZTI
$2.95B
$14M 0.48%
105,818
-2,197
-2% -$287K
BRK.B icon
73
Berkshire Hathaway Class B
BRK.B
$1.1T
$13.1M 0.45%
90,720
-150
-0.2% -$21.9K
LLY icon
74
Eli Lilly
LLY
$1.03T
$11.7M 0.4%
145,673
-1,866
-1% -$149K
CSCO icon
75
Cisco
CSCO
$448B
$11.1M 0.38%
349,404
-3,028
-0.9% -$93.1K
1 2
3
4 5

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CCM
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CL
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WJWM
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Welch & Forbes's Q3 2016 Portfolio in Review

As of Q3 2016, Welch & Forbes held 354 positions worth $2.89B, down 12% from $3.28B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $443M in Q3 2016, closing 52 positions and reducing 151 holdings. Its most notable exit was Apple, an estimated $57.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Chubb worth $24.1M.

  • Welch & Forbes's largest Q3 2016 buy was Chubb: 191,500 shares worth $24.1M.
  • Welch & Forbes added most to Meta Platforms (Facebook) in Q3 2016, an estimated $5.58M increase.
  • Welch & Forbes's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $19.5M.
  • Welch & Forbes fully exited Apple in Q3 2016, selling an estimated $57.4M.
  • Welch & Forbes's ten largest holdings make up 25% of its $2.89B portfolio in Q3 2016.
  • Welch & Forbes opened 18 new positions and closed 52 in Q3 2016.
  • Welch & Forbes's portfolio value fell 12% quarter-over-quarter to $2.89B.

Based on Welch & Forbes's 13F filing for Q3 2016, filed 2 Nov 2016.