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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
+21.2%
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
$4.27B
AUM Growth
+$689M
Cap. Flow
-$9.82M
Cap. Flow %
-0.23%
Top 10 Hldgs %
30.03%
Holding
355
New
26
Increased
103
Reduced
151
Closed
10

Top Buys

Rank Stock Value
1
OTIS icon
Otis Worldwide
OTIS
+$20.8M
2
CARR icon
Carrier Global
CARR
+$7.04M
3
WSO icon
Watsco Inc
WSO
+$4.12M
4
CMCSA icon
Comcast
CMCSA
+$4.09M
5
PFF icon
iShares Preferred and Income Securities ETF
PFF
+$3.52M

Top Sells

Rank Stock Value
1
RTN
Raytheon Company
RTN
+$26.6M
2
BKNG icon
Booking.com
BKNG
+$7.69M
3
NVDA icon
NVIDIA
NVDA
+$6.66M
4
IRM icon
Iron Mountain
IRM
+$4.45M
5
VLO icon
Valero Energy
VLO
+$4.26M

Sector Composition

Rank Sector Weight
1 Technology 23.48%
2 Healthcare 21.22%
3 Consumer Discretionary 12.06%
4 Financials 10.4%
5 Consumer Staples 8.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VZ icon
51
Verizon
VZ
$193B
$24.6M 0.58%
446,272
+19,147
+4% +$1.08M
TMO icon
52
Thermo Fisher Scientific
TMO
$214B
$23.9M 0.56%
66,094
+3,294
+5% +$1.1M
OTIS icon
53
Otis Worldwide
OTIS
$27.3B
$22.8M 0.54%
+401,782
New +$20.8M
CSCO icon
54
Cisco
CSCO
$448B
$21.8M 0.51%
467,848
+18,233
+4% +$800K
AFL icon
55
Aflac
AFL
$64.8B
$21.7M 0.51%
601,013
-65,588
-10% -$2.37M
BAC icon
56
Bank of America
BAC
$433B
$20.9M 0.49%
880,603
+1,065
+0.1% +$25.2K
LQD icon
57
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$20.7M 0.49%
154,145
+325
+0.2% +$42.3K
LLY icon
58
Eli Lilly
LLY
$1.03T
$20.6M 0.48%
125,454
-3,000
-2% -$460K
CGNX icon
59
Cognex
CGNX
$10.4B
$19.8M 0.46%
331,070
-16,947
-5% -$920K
BDX icon
60
Becton Dickinson
BDX
$45.6B
$19.4M 0.46%
83,296
+1,117
+1% +$269K
AJG icon
61
Arthur J. Gallagher & Co
AJG
$65.9B
$19.4M 0.45%
199,022
+36,584
+23% +$3.24M
XOM icon
62
ExxonMobil
XOM
$651B
$18.8M 0.44%
420,879
-37,880
-8% -$1.7M
IRM icon
63
Iron Mountain
IRM
$37.1B
$18.8M 0.44%
720,601
-176,282
-20% -$4.45M
FTV icon
64
Fortive
FTV
$17.7B
$18.7M 0.44%
438,748
-34,270
-7% -$1.34M
KO icon
65
Coca-Cola
KO
$381B
$18.7M 0.44%
418,747
-2,429
-0.6% -$112K
BRK.B icon
66
Berkshire Hathaway Class B
BRK.B
$1.1T
$18M 0.42%
100,670
+6,350
+7% +$1.16M
EW icon
67
Edwards Lifesciences
EW
$50B
$17.7M 0.41%
255,633
-6,213
-2% -$442K
FTSL icon
68
First Trust Senior Loan Fund ETF
FTSL
$2.32B
$16.8M 0.39%
372,814
+5,053
+1% +$226K
LIN icon
69
Linde
LIN
$235B
$16.3M 0.38%
76,964
-4,294
-5% -$829K
DOV icon
70
Dover
DOV
$27.5B
$16.1M 0.38%
166,539
-1,180
-0.7% -$109K
BKNG icon
71
Booking.com
BKNG
$150B
$15.5M 0.36%
243,325
-126,375
-34% -$7.69M
TD icon
72
Toronto Dominion Bank
TD
$198B
$15.3M 0.36%
343,004
-14,561
-4% -$620K
T icon
73
AT&T
T
$159B
$15.3M 0.36%
668,208
+4,570
+0.7% +$104K
MZTI
74
The Marzetti Company
MZTI
$2.95B
$14.8M 0.35%
95,501
-1,148
-1% -$167K
MDT icon
75
Medtronic
MDT
$110B
$14.5M 0.34%
158,273
+2,161
+1% +$207K
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 Q2 2020 Portfolio in Review

As of Q2 2020, Welch & Forbes held 355 positions worth $4.27B, up 19% from $3.58B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Welch & Forbes's Q2 2020 filing shows 26 new, 103 increased, 151 reduced and 10 closed positions. Its largest new stake was Otis Worldwide: 401,782 shares worth $22.8M. The largest sale was Raytheon Company, an estimated $26.6M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 22% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q2 2020 buy was Otis Worldwide: 401,782 shares worth $22.8M.
  • Welch & Forbes added most to Watsco Inc in Q2 2020, an estimated $4.12M increase.
  • Welch & Forbes's biggest Q2 2020 reduction was Booking.com, cutting an estimated $7.69M.
  • Welch & Forbes fully exited Raytheon Company in Q2 2020, selling an estimated $26.6M.
  • Welch & Forbes's ten largest holdings make up 30% of its $4.27B portfolio in Q2 2020.
  • Welch & Forbes opened 26 new positions and closed 10 in Q2 2020.
  • Welch & Forbes's portfolio value rose 19% quarter-over-quarter to $4.27B.

Based on Welch & Forbes's 13F filing for Q2 2020, filed 15 Jul 2020.