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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
+2.92%
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
$4.19B
AUM Growth
+$82.5M
Cap. Flow
-$16M
Cap. Flow %
-0.38%
Top 10 Hldgs %
26.27%
Holding
357
New
12
Increased
103
Reduced
137
Closed
9

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$5.5M
2
PFF icon
iShares Preferred and Income Securities ETF
PFF
+$4.23M
3
IWM icon
iShares Russell 2000 ETF
IWM
+$2.72M
4
DD icon
DuPont de Nemours
DD
+$1.81M
5
CMCSA icon
Comcast
CMCSA
+$1.4M

Top Sells

Rank Stock Value
1
MIDD icon
Middleby
MIDD
+$5.77M
2
INTC icon
Intel
INTC
+$4.37M
3
STT icon
State Street
STT
+$3.95M
4
VSS icon
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
+$2.54M
5
WFC icon
Wells Fargo
WFC
+$2.38M

Sector Composition

Rank Sector Weight
1 Healthcare 19.8%
2 Technology 19.23%
3 Financials 12.25%
4 Consumer Discretionary 11.23%
5 Consumer Staples 8.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
76
Berkshire Hathaway Class B
BRK.B
$1.1T
$15.3M 0.37%
73,655
-1,451
-2% -$299K
ADBE icon
77
Adobe
ADBE
$98.5B
$15M 0.36%
54,153
+3,743
+7% +$1.09M
WMT icon
78
Walmart Inc
WMT
$884B
$14.7M 0.35%
371,235
+3,630
+1% +$137K
LLY icon
79
Eli Lilly
LLY
$1.03T
$14.6M 0.35%
130,769
-2,775
-2% -$309K
SYY icon
80
Sysco
SYY
$40.6B
$14.2M 0.34%
178,887
-1,340
-0.7% -$98.4K
COF icon
81
Capital One
COF
$129B
$14M 0.33%
153,732
+1,207
+0.8% +$109K
BALL icon
82
Ball Corp
BALL
$17.4B
$13.6M 0.32%
186,423
+2,047
+1% +$153K
MZTI
83
The Marzetti Company
MZTI
$2.95B
$13.1M 0.31%
94,325
+655
+0.7% +$97.5K
IBM icon
84
IBM
IBM
$209B
$12.7M 0.3%
91,240
+246
+0.3% +$33.2K
QCOM icon
85
Qualcomm
QCOM
$160B
$12.6M 0.3%
165,634
-2,345
-1% -$176K
WSO icon
86
Watsco Inc
WSO
$12.8B
$12.1M 0.29%
71,461
+4,806
+7% +$779K
KYN icon
87
Kayne Anderson Energy Infrastructure Fund
KYN
$2.45B
$12M 0.29%
829,867
-94,016
-10% -$1.39M
STZ icon
88
Constellation Brands
STZ
$22.3B
$12M 0.29%
57,867
+303
+0.5% +$60.8K
AXP icon
89
American Express
AXP
$228B
$11.7M 0.28%
98,893
+1,644
+2% +$202K
CMI icon
90
Cummins
CMI
$87.3B
$11.4M 0.27%
70,014
-310
-0.4% -$49.6K
CTAS icon
91
Cintas
CTAS
$82.7B
$11.4M 0.27%
169,572
-3,296
-2% -$211K
EMR icon
92
Emerson Electric
EMR
$83.3B
$11.3M 0.27%
169,127
+206
+0.1% +$12.9K
BMY icon
93
Bristol-Myers Squibb
BMY
$132B
$10.8M 0.26%
212,054
+9,050
+4% +$425K
SU icon
94
Suncor Energy
SU
$78.8B
$10.6M 0.25%
335,138
+5,276
+2% +$159K
APD icon
95
Air Products & Chemicals
APD
$66.8B
$10.5M 0.25%
47,323
-988
-2% -$222K
SPY icon
96
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$10.2M 0.24%
34,372
+705
+2% +$208K
VEA icon
97
Vanguard FTSE Developed Markets ETF
VEA
$230B
$10.1M 0.24%
246,710
-4,834
-2% -$197K
CHKP icon
98
Check Point Software Technologies
CHKP
$13.1B
$10.1M 0.24%
92,513
-895
-1% -$99.8K
DIS icon
99
Walt Disney
DIS
$167B
$9.8M 0.23%
75,225
-390
-0.5% -$53.9K
LECO icon
100
Lincoln Electric
LECO
$13.7B
$9.62M 0.23%
110,914
-1,354
-1% -$114K
2 3
4
5 6

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LGF
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CCM
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CL
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WJWM
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WA
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GGHC
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CCM
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Welch & Forbes's Q3 2019 Portfolio in Review

As of Q3 2019, Welch & Forbes held 357 positions worth $4.19B, up 2% from $4.11B the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Welch & Forbes's Q3 2019 filing shows 12 new, 103 increased, 137 reduced and 9 closed positions. Its largest new stake was DuPont de Nemours: 20,585 shares worth $1.84M. The largest sale was Middleby, an estimated $5.77M.

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

  • Welch & Forbes's largest Q3 2019 buy was DuPont de Nemours: 20,585 shares worth $1.84M.
  • Welch & Forbes added most to Microsoft in Q3 2019, an estimated $5.5M increase.
  • Welch & Forbes's biggest Q3 2019 reduction was Middleby, cutting an estimated $5.77M.
  • Welch & Forbes fully exited Anadarko Petroleum in Q3 2019, selling an estimated $2.09M.
  • Welch & Forbes's ten largest holdings make up 26% of its $4.19B portfolio in Q3 2019.
  • Welch & Forbes opened 12 new positions and closed 9 in Q3 2019.
  • Welch & Forbes's portfolio value rose 2% quarter-over-quarter to $4.19B.

Based on Welch & Forbes's 13F filing for Q3 2019, filed 11 Oct 2019.