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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
+4.95%
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
$3.17B
AUM Growth
+$11.1M
Cap. Flow
-$121M
Cap. Flow %
-3.83%
Top 10 Hldgs %
22.62%
Holding
353
New
18
Increased
114
Reduced
136
Closed
24

Top Buys

Rank Stock Value
1
NE
Noble Corporation
NE
+$14M
2
WMT icon
Walmart Inc
WMT
+$4.45M
3
OTEX icon
Open Text
OTEX
+$4.03M
4
TJX icon
TJX Companies
TJX
+$3.63M
5
V icon
Visa
V
+$2.89M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.1M
2
APA icon
APA Corp
APA
+$22.8M
3
BUD icon
AB InBev
BUD
+$20.6M
4
AMP icon
Ameriprise Financial
AMP
+$16.1M
5
PRGO icon
Perrigo
PRGO
+$10.4M

Sector Composition

Rank Sector Weight
1 Healthcare 18.17%
2 Industrials 13.79%
3 Technology 13.42%
4 Financials 9.99%
5 Energy 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UPS icon
76
United Parcel Service
UPS
$89.5B
$12.3M 0.39%
119,578
+1,814
+2% +$182K
CAT icon
77
Caterpillar
CAT
$373B
$11.7M 0.37%
107,941
-1,533
-1% -$161K
BIV icon
78
Vanguard Intermediate-Term Bond ETF
BIV
$28.9B
$11.7M 0.37%
138,485
-2,259
-2% -$190K
SVC
79
Service Properties Trust
SVC
$1.04B
$11.7M 0.37%
77,440
+539
+0.7% +$78.8K
SZYM
80
DELISTED
SOLAZYME INC COM STK (DE)
SZYM
$11.2M 0.35%
952,781
+64,685
+7% +$690K
NVS icon
81
Novartis
NVS
$301B
$11.2M 0.35%
138,250
+3,064
+2% +$241K
COP icon
82
ConocoPhillips
COP
$145B
$10.8M 0.34%
126,025
+1,642
+1% +$128K
LLY icon
83
Eli Lilly
LLY
$1.03T
$10.2M 0.32%
164,256
+419
+0.3% +$25K
VWO icon
84
Vanguard FTSE Emerging Markets ETF
VWO
$119B
$10.1M 0.32%
234,482
-15,023
-6% -$633K
BMY icon
85
Bristol-Myers Squibb
BMY
$132B
$10M 0.32%
206,818
-2,402
-1% -$118K
TSCO icon
86
Tractor Supply
TSCO
$15.8B
$10M 0.32%
828,295
-311,575
-27% -$4.08M
BDX icon
87
Becton Dickinson
BDX
$45.6B
$9.64M 0.3%
83,499
+88
+0.1% +$9.98K
ORCL icon
88
Oracle
ORCL
$367B
$9.61M 0.3%
237,180
-8,092
-3% -$333K
TWC
89
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$9.48M 0.3%
64,358
-122
-0.2% -$17.1K
WMT icon
90
Walmart Inc
WMT
$884B
$9.43M 0.3%
376,980
+173,259
+85% +$4.45M
AGN
91
DELISTED
Allergan Inc
AGN
$9.19M 0.29%
54,305
-4,290
-7% -$668K
BNS icon
92
Scotiabank
BNS
$107B
$8.6M 0.27%
137,763
-682
-0.5% -$39.4K
CTCT
93
DELISTED
CONSTANT CONTACT, INC COM
CTCT
$8.57M 0.27%
266,744
-2,720
-1% -$75.8K
SYY icon
94
Sysco
SYY
$40.6B
$8.25M 0.26%
220,410
– –
B
95
Barrick Mining
B
$63.2B
$8.23M 0.26%
449,984
-27,929
-6% -$484K
BAC icon
96
Bank of America
BAC
$433B
$8.2M 0.26%
533,682
+48,708
+10% +$756K
EEM icon
97
iShares MSCI Emerging Markets ETF
EEM
$28.6B
$7.96M 0.25%
184,173
-4,490
-2% -$191K
BRLI
98
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
$7.62M 0.24%
252,168
-800
-0.3% -$22.1K
WBA
99
DELISTED
Walgreens Boots Alliance
WBA
$7.54M 0.24%
101,778
-1,862
-2% -$130K
VEU icon
100
Vanguard FTSE All-World ex-US ETF
VEU
$66.8B
$7.54M 0.24%
144,104
-10,245
-7% -$528K
2 3
4
5 6

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OC
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LGF
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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 Q2 2014 Portfolio in Review

As of Q2 2014, Welch & Forbes held 353 positions worth $3.17B, up 0.35% from $3.16B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $121M in Q2 2014, closing 24 positions and reducing 136 holdings. Its most notable exit was Ansys, an estimated $45.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Noble Corporation worth $14.9M.

  • Welch & Forbes's largest Q2 2014 buy was Noble Corporation: 509,476 shares worth $14.9M.
  • Welch & Forbes added most to Walmart Inc in Q2 2014, an estimated $4.45M increase.
  • Welch & Forbes's biggest Q2 2014 reduction was Expeditors International, cutting an estimated $4.83M.
  • Welch & Forbes fully exited Ansys in Q2 2014, selling an estimated $45.1M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.17B portfolio in Q2 2014.
  • Welch & Forbes opened 18 new positions and closed 24 in Q2 2014.
  • Welch & Forbes's portfolio value rose 0.35% quarter-over-quarter to $3.17B.

Based on Welch & Forbes's 13F filing for Q2 2014, filed 31 Jul 2014.