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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
+5.66%
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
$3.75B
AUM Growth
-$52.5M
Cap. Flow
-$224M
Cap. Flow %
-5.98%
Top 10 Hldgs %
23.33%
Holding
360
New
28
Increased
96
Reduced
143
Closed
22

Top Buys

Rank Stock Value
1
EACQ
Easterly Acquisition Corp
EACQ
+$9.98M
2
AGN
Allergan plc
AGN
+$4.37M
3
PX
Praxair Inc
PX
+$3.81M
4
META icon
Meta Platforms (Facebook)
META
+$2.93M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.65M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$43M
2
CB icon
Chubb
CB
+$38.8M
3
ABT icon
Abbott
ABT
+$33.4M
4
AFL icon
Aflac
AFL
+$29.1M
5
T icon
AT&T
T
+$18.4M

Sector Composition

Rank Sector Weight
1 Healthcare 17.17%
2 Technology 16.95%
3 Financials 11.91%
4 Industrials 10.71%
5 Consumer Discretionary 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BKNG icon
51
Booking.com
BKNG
$149B
$23.8M 0.64%
342,575
+6,850
+2% +$496K
GE icon
52
GE Aerospace
GE
$374B
$23.4M 0.62%
279,660
-84,542
-23% -$8.07M
SVC
53
Service Properties Trust
SVC
$1.04B
$23.3M 0.62%
156,394
+2,129
+1% +$313K
GSK icon
54
GSK
GSK
$104B
$23.3M 0.62%
526,436
+838
+0.2% +$38.7K
FTV icon
55
Fortive
FTV
$17.9B
$23.3M 0.62%
511,416
+16,610
+3% +$761K
RMD icon
56
ResMed
RMD
$30.6B
$22.9M 0.61%
270,286
-385
-0.1% -$31.8K
TD icon
57
Toronto Dominion Bank
TD
$198B
$22.5M 0.6%
383,305
+7,574
+2% +$433K
EXPD icon
58
Expeditors International
EXPD
$22B
$21.7M 0.58%
335,927
-13,997
-4% -$858K
KO icon
59
Coca-Cola
KO
$377B
$21.6M 0.58%
471,511
-3,650
-0.8% -$168K
COST icon
60
Costco
COST
$422B
$21.6M 0.58%
116,127
-1,816
-2% -$314K
VZ icon
61
Verizon
VZ
$195B
$21.6M 0.58%
407,778
-14,983
-4% -$737K
BAC icon
62
Bank of America
BAC
$435B
$21.5M 0.57%
728,863
+7,206
+1% +$199K
IGSB icon
63
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$21.1M 0.56%
404,052
-2,326
-0.6% -$122K
DOV icon
64
Dover
DOV
$27.6B
$21.1M 0.56%
258,684
-2,587
-1% -$200K
LQD icon
65
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$21M 0.56%
172,875
-1,715
-1% -$207K
KYN icon
66
Kayne Anderson Energy Infrastructure Fund
KYN
$2.47B
$20.9M 0.56%
1,098,553
-99,703
-8% -$1.64M
USB icon
67
US Bancorp
USB
$98.2B
$19.7M 0.53%
368,185
+4,860
+1% +$262K
CHD icon
68
Church & Dwight Co
CHD
$23.4B
$19.4M 0.52%
387,257
+7,128
+2% +$334K
PFF icon
69
iShares Preferred and Income Securities ETF
PFF
$13.3B
$18.5M 0.49%
486,589
+56,145
+13% +$2.16M
FTSL icon
70
First Trust Senior Loan Fund ETF
FTSL
$2.32B
$17.7M 0.47%
369,083
+55,023
+18% +$2.65M
BRK.B icon
71
Berkshire Hathaway Class B
BRK.B
$1.1T
$17.5M 0.47%
88,169
-727
-0.8% -$138K
OMC icon
72
Omnicom Group
OMC
$21.6B
$17.3M 0.46%
238,013
-832
-0.3% -$59.7K
CSCO icon
73
Cisco
CSCO
$457B
$16.9M 0.45%
442,230
+29,619
+7% +$1.06M
BDX icon
74
Becton Dickinson
BDX
$45.6B
$16.7M 0.45%
80,017
+1,718
+2% +$360K
IBM icon
75
IBM
IBM
$211B
$16.5M 0.44%
112,295
-7,038
-6% -$1.02M
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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Welch & Forbes's Q4 2017 Portfolio in Review

As of Q4 2017, Welch & Forbes held 360 positions worth $3.75B, down 1.4% from $3.8B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $224M in Q4 2017, closing 22 positions and reducing 143 holdings. Its most notable exit was AbbVie, an estimated $43M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Easterly Acquisition Corp worth $10M.

  • Welch & Forbes's largest Q4 2017 buy was Easterly Acquisition Corp: 994,036 shares worth $10M.
  • Welch & Forbes added most to Praxair Inc in Q4 2017, an estimated $3.81M increase.
  • Welch & Forbes's biggest Q4 2017 reduction was GE Aerospace, cutting an estimated $8.07M.
  • Welch & Forbes fully exited AbbVie in Q4 2017, selling an estimated $43M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.75B portfolio in Q4 2017.
  • Welch & Forbes opened 28 new positions and closed 22 in Q4 2017.
  • Welch & Forbes's portfolio value fell 1.4% quarter-over-quarter to $3.75B.

Based on Welch & Forbes's 13F filing for Q4 2017, filed 26 Jan 2018.