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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
-3.61%
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
$6.05B
AUM Growth
-$292M
Cap. Flow
-$13.2M
Cap. Flow %
-0.22%
Top 10 Hldgs %
31.48%
Holding
382
New
7
Increased
100
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
DNA icon
Ginkgo Bioworks
DNA
+$14M
2
NEE icon
NextEra Energy
NEE
+$9.06M
3
LLY icon
Eli Lilly
LLY
+$4.07M
4
ACN icon
Accenture
ACN
+$2.07M
5
OMC icon
Omnicom Group
OMC
+$2.03M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$13.8M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.76M
3
MSFT icon
Microsoft
MSFT
+$3.06M
4
JNJ icon
Johnson & Johnson
JNJ
+$2.16M
5
AAPL icon
Apple
AAPL
+$2.08M

Sector Composition

Rank Sector Weight
1 Technology 24.45%
2 Healthcare 18.9%
3 Financials 11.77%
4 Consumer Discretionary 11.76%
5 Consumer Staples 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AFL icon
51
Aflac
AFL
$64.8B
$34.3M 0.57%
447,079
-5,919
-1% -$439K
CSCO icon
52
Cisco
CSCO
$448B
$33.7M 0.56%
627,199
+4,395
+0.7% +$237K
LIN icon
53
Linde
LIN
$235B
$33.6M 0.56%
90,153
+3,705
+4% +$1.41M
LECO icon
54
Lincoln Electric
LECO
$13.7B
$32.4M 0.54%
178,432
+6,707
+4% +$1.28M
BAC icon
55
Bank of America
BAC
$433B
$31.2M 0.52%
1,139,257
-25,928
-2% -$767K
META icon
56
Meta Platforms (Facebook)
META
$1.37T
$30.9M 0.51%
103,019
+1,740
+2% +$524K
EMLP icon
57
First Trust North American Energy Infrastructure Fund
EMLP
$4.09B
$29.7M 0.49%
1,124,687
-27,415
-2% -$752K
NEE icon
58
NextEra Energy
NEE
$183B
$28M 0.46%
488,588
+130,888
+37% +$9.06M
BKNG icon
59
Booking.com
BKNG
$150B
$26.6M 0.44%
215,950
+600
+0.3% +$72.7K
WMT icon
60
Walmart Inc
WMT
$884B
$26.6M 0.44%
498,891
+3,570
+0.7% +$190K
FTSL icon
61
First Trust Senior Loan Fund ETF
FTSL
$2.32B
$26.3M 0.44%
575,154
+32,850
+6% +$1.5M
VZ icon
62
Verizon
VZ
$193B
$26.1M 0.43%
806,146
-5,687
-0.7% -$192K
OTIS icon
63
Otis Worldwide
OTIS
$27.3B
$24.6M 0.41%
305,819
+2,143
+0.7% +$183K
SBUX icon
64
Starbucks
SBUX
$121B
$24.1M 0.4%
263,596
-2,808
-1% -$276K
DOV icon
65
Dover
DOV
$27.5B
$23.4M 0.39%
167,559
-2,167
-1% -$313K
BDX icon
66
Becton Dickinson
BDX
$45.6B
$22.6M 0.37%
87,470
-11
-0% -$2.97K
OMC icon
67
Omnicom Group
OMC
$21.8B
$22.6M 0.37%
302,927
+24,615
+9% +$2.03M
PFF icon
68
iShares Preferred and Income Securities ETF
PFF
$13.3B
$22.2M 0.37%
735,122
-49,630
-6% -$1.52M
CTAS icon
69
Cintas
CTAS
$82.7B
$21.4M 0.35%
178,348
+3,780
+2% +$471K
LHX icon
70
L3Harris
LHX
$50.7B
$20.9M 0.35%
120,154
+1,837
+2% +$338K
BALL icon
71
Ball Corp
BALL
$17.4B
$20.5M 0.34%
411,076
+10,434
+3% +$569K
TD icon
72
Toronto Dominion Bank
TD
$198B
$20.4M 0.34%
338,090
-3,121
-0.9% -$195K
CSL icon
73
Carlisle Companies
CSL
$15B
$20.2M 0.33%
77,759
+5,756
+8% +$1.54M
SPY icon
74
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$19.7M 0.33%
46,054
-154
-0.3% -$68.5K
STZ icon
75
Constellation Brands
STZ
$22.3B
$19.6M 0.32%
78,141
+308
+0.4% +$80.4K
1 2
3
4 5

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CCM
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WJWM
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Welch & Forbes's Q3 2023 Portfolio in Review

As of Q3 2023, Welch & Forbes held 382 positions worth $6.05B, down 4.6% from $6.34B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Welch & Forbes's Q3 2023 filing shows 7 new, 100 increased, 189 reduced and 15 closed positions. Its largest new stake was Ginkgo Bioworks: 175,000 shares worth $12.7M. The largest sale was NVIDIA, an estimated $13.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2023 buy was Ginkgo Bioworks: 175,000 shares worth $12.7M.
  • Welch & Forbes added most to NextEra Energy in Q3 2023, an estimated $9.06M increase.
  • Welch & Forbes's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $13.8M.
  • Welch & Forbes fully exited Darden Restaurants in Q3 2023, selling an estimated $427K.
  • Welch & Forbes's ten largest holdings make up 31% of its $6.05B portfolio in Q3 2023.
  • Welch & Forbes opened 7 new positions and closed 15 in Q3 2023.
  • Welch & Forbes's portfolio value fell 4.6% quarter-over-quarter to $6.05B.

Based on Welch & Forbes's 13F filing for Q3 2023, filed 3 Nov 2023.