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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
-11.28%
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
$3.55B
AUM Growth
-$648M
Cap. Flow
-$120M
Cap. Flow %
-3.38%
Top 10 Hldgs %
24.58%
Holding
367
New
7
Increased
73
Reduced
160
Closed
28

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.4M
2
MSFT icon
Microsoft
MSFT
+$4.97M
3
MTD icon
Mettler-Toledo International
MTD
+$4.5M
4
RMD icon
ResMed
RMD
+$3.95M
5
ADBE icon
Adobe
ADBE
+$3.79M

Top Sells

Rank Stock Value
1
PX
Praxair Inc
PX
+$37.8M
2
SLB icon
SLB Ltd
SLB
+$9.29M
3
NVDA icon
NVIDIA
NVDA
+$9.02M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$7.85M
5
BUD icon
AB InBev
BUD
+$5.79M

Sector Composition

Rank Sector Weight
1 Healthcare 21.38%
2 Technology 17.47%
3 Financials 12.26%
4 Consumer Discretionary 10.53%
5 Industrials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTV icon
51
Fortive
FTV
$17.7B
$22.2M 0.63%
521,303
-14,789
-3% -$695K
SWK icon
52
Stanley Black & Decker
SWK
$14.9B
$22.2M 0.63%
185,504
-15,501
-8% -$1.93M
KO icon
53
Coca-Cola
KO
$381B
$22.1M 0.62%
466,957
-229
-0% -$11K
AMP icon
54
Ameriprise Financial
AMP
$48.1B
$21.7M 0.61%
208,355
-1,093
-0.5% -$137K
EXPD icon
55
Expeditors International
EXPD
$21.8B
$21.6M 0.61%
317,576
-2,775
-0.9% -$195K
BAC icon
56
Bank of America
BAC
$433B
$20.1M 0.57%
816,084
+36,005
+5% +$977K
BDX icon
57
Becton Dickinson
BDX
$45.6B
$18.6M 0.53%
84,790
+3,348
+4% +$777K
TD icon
58
Toronto Dominion Bank
TD
$198B
$18.5M 0.52%
372,628
-1,217
-0.3% -$66.6K
CSCO icon
59
Cisco
CSCO
$448B
$18.3M 0.52%
422,801
+5,270
+1% +$241K
MZTI
60
The Marzetti Company
MZTI
$2.95B
$17.6M 0.5%
99,350
-1,339
-1% -$228K
T icon
61
AT&T
T
$159B
$17.3M 0.49%
801,830
-6,780
-0.8% -$158K
FTSL icon
62
First Trust Senior Loan Fund ETF
FTSL
$2.32B
$16.9M 0.48%
371,358
-28,213
-7% -$1.34M
LQD icon
63
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$16.7M 0.47%
148,140
-22,590
-13% -$2.54M
OMC icon
64
Omnicom Group
OMC
$21.8B
$16.4M 0.46%
223,901
-6,199
-3% -$460K
BRK.B icon
65
Berkshire Hathaway Class B
BRK.B
$1.1T
$16.1M 0.46%
79,037
-2,112
-3% -$441K
STT icon
66
State Street
STT
$50.2B
$15.7M 0.44%
249,597
-7,282
-3% -$522K
USB icon
67
US Bancorp
USB
$98B
$15.7M 0.44%
342,931
-3,016
-0.9% -$155K
LLY icon
68
Eli Lilly
LLY
$1.03T
$15.6M 0.44%
134,493
-2,540
-2% -$284K
CGNX icon
69
Cognex
CGNX
$10.4B
$15.5M 0.44%
400,076
-17,754
-4% -$770K
SVC
70
Service Properties Trust
SVC
$1.04B
$15.1M 0.43%
126,283
+2,399
+2% +$313K
COF icon
71
Capital One
COF
$129B
$15.1M 0.42%
199,359
-59,473
-23% -$5.15M
EW icon
72
Edwards Lifesciences
EW
$50B
$14.7M 0.41%
288,177
-3,600
-1% -$182K
PFF icon
73
iShares Preferred and Income Securities ETF
PFF
$13.3B
$14.2M 0.4%
414,109
-100,320
-20% -$3.55M
BSX icon
74
Boston Scientific
BSX
$68.4B
$14M 0.39%
395,220
-1,000
-0.3% -$36.3K
KYN icon
75
Kayne Anderson Energy Infrastructure Fund
KYN
$2.45B
$13.5M 0.38%
980,384
-116,819
-11% -$1.87M
1 2
3
4 5

Similar funds

OC
Oppenheimer & Co New York $8.21B AUM 28.81% 1-Year Est. Return
LGF
LGT Group Foundation Vaduz, Liechtenstein $8.19B AUM 27.7% 1-Year Est. Return
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
Gilder Gagnon Howe & Co New York $8.34B AUM 46.58% 1-Year Est. Return
CCM
Coldstream Capital Management Bellevue, Washington $8.12B AUM 17.95% 1-Year Est. Return

Welch & Forbes's Q4 2018 Portfolio in Review

As of Q4 2018, Welch & Forbes held 367 positions worth $3.55B, down 15% from $4.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $120M in Q4 2018, closing 28 positions and reducing 160 holdings. Its most notable exit was Praxair Inc, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Watsco Inc worth $2.3M.

  • Welch & Forbes's largest Q4 2018 buy was Watsco Inc: 16,518 shares worth $2.3M.
  • Welch & Forbes added most to Amazon in Q4 2018, an estimated $10.4M increase.
  • Welch & Forbes's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $9.29M.
  • Welch & Forbes fully exited Praxair Inc in Q4 2018, selling an estimated $37.8M.
  • Welch & Forbes's ten largest holdings make up 25% of its $3.55B portfolio in Q4 2018.
  • Welch & Forbes opened 7 new positions and closed 28 in Q4 2018.
  • Welch & Forbes's portfolio value fell 15% quarter-over-quarter to $3.55B.

Based on Welch & Forbes's 13F filing for Q4 2018, filed 5 Feb 2019.