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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
+3.82%
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
$3.87B
AUM Growth
-$13.1M
Cap. Flow
-$131M
Cap. Flow %
-3.37%
Top 10 Hldgs %
23.72%
Holding
372
New
16
Increased
96
Reduced
171
Closed
13

Top Buys

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$7.62M
2
STZ icon
Constellation Brands
STZ
+$4.4M
3
CHX
ChampionX
CHX
+$3.45M
4
SWK icon
Stanley Black & Decker
SWK
+$3.4M
5
VLO icon
Valero Energy
VLO
+$2.9M

Top Sells

Rank Stock Value
1
CB icon
Chubb
CB
+$41.6M
2
CHKP icon
Check Point Software Technologies
CHKP
+$11.3M
3
MDT icon
Medtronic
MDT
+$9.78M
4
BEN icon
Franklin Resources
BEN
+$8.22M
5
CELG
Celgene Corp
CELG
+$7.52M

Sector Composition

Rank Sector Weight
1 Healthcare 18.99%
2 Technology 17.92%
3 Financials 11.59%
4 Consumer Discretionary 9.63%
5 Industrials 9.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWK icon
51
Stanley Black & Decker
SWK
$14.9B
$25.2M 0.65%
189,999
+23,625
+14% +$3.4M
STT icon
52
State Street
STT
$50.2B
$25.1M 0.65%
269,108
-18,031
-6% -$1.79M
COST icon
53
Costco
COST
$423B
$25M 0.65%
119,652
+936
+0.8% +$185K
COF icon
54
Capital One
COF
$129B
$23.7M 0.61%
257,526
-5,505
-2% -$521K
EXPD icon
55
Expeditors International
EXPD
$21.8B
$23.6M 0.61%
322,635
-5,552
-2% -$388K
TD icon
56
Toronto Dominion Bank
TD
$198B
$22M 0.57%
380,261
-2,130
-0.6% -$122K
CHD icon
57
Church & Dwight Co
CHD
$23.1B
$21.6M 0.56%
405,981
+5,832
+1% +$282K
BAC icon
58
Bank of America
BAC
$433B
$21.2M 0.55%
752,043
+9,560
+1% +$285K
BUD icon
59
AB InBev
BUD
$166B
$21.1M 0.55%
209,379
-7,562
-3% -$750K
KYN icon
60
Kayne Anderson Energy Infrastructure Fund
KYN
$2.45B
$20.6M 0.53%
1,094,987
-10,229
-0.9% -$186K
KO icon
61
Coca-Cola
KO
$381B
$20.5M 0.53%
467,689
-8,312
-2% -$359K
VZ icon
62
Verizon
VZ
$193B
$20.1M 0.52%
398,954
-6,438
-2% -$312K
LQD icon
63
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$19.2M 0.5%
167,874
-2,201
-1% -$253K
BDX icon
64
Becton Dickinson
BDX
$45.6B
$19.2M 0.5%
82,271
+1,274
+2% +$284K
FTSL icon
65
First Trust Senior Loan Fund ETF
FTSL
$2.32B
$19.2M 0.5%
401,793
+29,142
+8% +$1.4M
CGNX icon
66
Cognex
CGNX
$10.4B
$18.8M 0.49%
420,756
-23,695
-5% -$1.12M
PFF icon
67
iShares Preferred and Income Securities ETF
PFF
$13.3B
$18.6M 0.48%
492,014
-5,195
-1% -$193K
OMC icon
68
Omnicom Group
OMC
$21.8B
$18M 0.47%
235,892
-6,018
-2% -$444K
CSCO icon
69
Cisco
CSCO
$448B
$17.9M 0.46%
416,595
-20,541
-5% -$898K
SVC
70
Service Properties Trust
SVC
$1.04B
$17.8M 0.46%
124,684
-35,124
-22% -$4.74M
USB icon
71
US Bancorp
USB
$98B
$17.5M 0.45%
349,987
-11,174
-3% -$567K
T icon
72
AT&T
T
$159B
$16.3M 0.42%
670,896
+63,641
+10% +$1.6M
CELG
73
DELISTED
Celgene Corp
CELG
$16M 0.41%
201,832
-90,512
-31% -$7.52M
IGSB icon
74
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$15.9M 0.41%
306,968
-44,304
-13% -$2.3M
BRK.B icon
75
Berkshire Hathaway Class B
BRK.B
$1.1T
$15.2M 0.39%
81,194
-5,463
-6% -$1.06M
1 2
3
4 5

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OC
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LGF
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CCM
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CL
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WJWM
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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 2018 Portfolio in Review

As of Q2 2018, Welch & Forbes held 372 positions worth $3.87B, down 0.34% from $3.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Welch & Forbes withdrew a net $131M in Q2 2018, closing 13 positions and reducing 171 holdings. Its most notable exit was Chubb, an estimated $41.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in ChampionX worth $3.52M.

  • Welch & Forbes's largest Q2 2018 buy was ChampionX: 84,371 shares worth $3.52M.
  • Welch & Forbes added most to Thermo Fisher Scientific in Q2 2018, an estimated $7.62M increase.
  • Welch & Forbes's biggest Q2 2018 reduction was Franklin Resources, cutting an estimated $8.22M.
  • Welch & Forbes fully exited Chubb in Q2 2018, selling an estimated $41.6M.
  • Welch & Forbes's ten largest holdings make up 24% of its $3.87B portfolio in Q2 2018.
  • Welch & Forbes opened 16 new positions and closed 13 in Q2 2018.
  • Welch & Forbes's portfolio value fell 0.34% quarter-over-quarter to $3.87B.

Based on Welch & Forbes's 13F filing for Q2 2018, filed 16 Jul 2018.