We are live on ! Find out more
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
CVS icon
76
CVS Health
CVS
$134B
$13.1M 0.37%
200,155
+2,243
+1% +$167K
AMZN icon
77
Amazon
AMZN
$2.53T
$13.1M 0.37%
173,960
+124,880
+254% +$10.4M
DOV icon
78
Dover
DOV
$27.5B
$12.9M 0.36%
182,205
-350
-0.2% -$28.6K
SLB icon
79
SLB Ltd
SLB
$72.6B
$12.6M 0.36%
349,563
-188,314
-35% -$9.29M
TMO icon
80
Thermo Fisher Scientific
TMO
$214B
$11.9M 0.34%
53,283
+1,855
+4% +$435K
WMT icon
81
Walmart Inc
WMT
$884B
$11.4M 0.32%
365,553
+3,741
+1% +$120K
SYY icon
82
Sysco
SYY
$40.6B
$11.3M 0.32%
180,002
-4,497
-2% -$303K
BMY icon
83
Bristol-Myers Squibb
BMY
$132B
$11.2M 0.32%
215,300
-6,263
-3% -$337K
MDT icon
84
Medtronic
MDT
$110B
$11.1M 0.31%
122,382
+2,250
+2% +$210K
SPY icon
85
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$11.1M 0.31%
44,439
+6,853
+18% +$1.85M
IBM icon
86
IBM
IBM
$209B
$11M 0.31%
101,238
-2,377
-2% -$285K
VEA icon
87
Vanguard FTSE Developed Markets ETF
VEA
$230B
$10.3M 0.29%
277,981
-14,480
-5% -$573K
EMR icon
88
Emerson Electric
EMR
$83.3B
$10.2M 0.29%
171,167
+3,138
+2% +$212K
CMI icon
89
Cummins
CMI
$87.3B
$10.2M 0.29%
75,969
-9,976
-12% -$1.41M
CHKP icon
90
Check Point Software Technologies
CHKP
$13.1B
$10.2M 0.29%
98,889
-350
-0.4% -$38.4K
QCOM icon
91
Qualcomm
QCOM
$160B
$9.68M 0.27%
170,109
-2,573
-1% -$156K
VLO icon
92
Valero Energy
VLO
$92.6B
$9.63M 0.27%
128,408
-475
-0.4% -$41.7K
GILD icon
93
Gilead Sciences
GILD
$163B
$9.01M 0.25%
143,965
-3,505
-2% -$245K
DUK icon
94
Duke Energy
DUK
$98.4B
$8.85M 0.25%
102,549
-420
-0.4% -$35.7K
SU icon
95
Suncor Energy
SU
$78.8B
$8.84M 0.25%
315,996
-50,516
-14% -$1.68M
AXP icon
96
American Express
AXP
$228B
$8.62M 0.24%
90,440
+9,163
+11% +$959K
LECO icon
97
Lincoln Electric
LECO
$13.7B
$8.49M 0.24%
107,733
-1,914
-2% -$159K
APD icon
98
Air Products & Chemicals
APD
$66.8B
$8.49M 0.24%
53,037
-40
-0.1% -$6.34K
DIS icon
99
Walt Disney
DIS
$167B
$8.3M 0.23%
75,678
+337
+0.4% +$38.3K
CELG
100
DELISTED
Celgene Corp
CELG
$8.16M 0.23%
127,285
-70,595
-36% -$5.21M
2 3
4
5 6

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.