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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
OMC icon
76
Omnicom Group
OMC
$21.8B
$14.2M 0.33%
259,445
+23,252
+10% +$1.27M
BSX icon
77
Boston Scientific
BSX
$68.4B
$14M 0.33%
400,047
+1,702
+0.4% +$61.3K
EXPD icon
78
Expeditors International
EXPD
$21.8B
$14M 0.33%
184,389
-2,850
-2% -$208K
QCOM icon
79
Qualcomm
QCOM
$160B
$13.9M 0.33%
152,920
-3,964
-3% -$318K
WMT icon
80
Walmart Inc
WMT
$884B
$13.8M 0.32%
346,869
+5,025
+1% +$207K
SBUX icon
81
Starbucks
SBUX
$121B
$13.4M 0.31%
182,071
+13,226
+8% +$994K
BMY icon
82
Bristol-Myers Squibb
BMY
$132B
$12.5M 0.29%
212,303
-2,016
-0.9% -$121K
CTAS icon
83
Cintas
CTAS
$82.7B
$12.3M 0.29%
184,112
+1,500
+0.8% +$86.7K
VEA icon
84
Vanguard FTSE Developed Markets ETF
VEA
$230B
$11.7M 0.27%
302,222
+9,770
+3% +$357K
CMI icon
85
Cummins
CMI
$87.3B
$11.7M 0.27%
67,257
-425
-0.6% -$67.9K
APD icon
86
Air Products & Chemicals
APD
$66.8B
$11M 0.26%
45,406
-128
-0.3% -$29.2K
USB icon
87
US Bancorp
USB
$98B
$9.87M 0.23%
267,998
-6,497
-2% -$232K
SPY icon
88
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$9.81M 0.23%
31,831
-3,139
-9% -$919K
STZ icon
89
Constellation Brands
STZ
$22.3B
$9.65M 0.23%
55,134
+2,519
+5% +$420K
EMR icon
90
Emerson Electric
EMR
$83.3B
$9.63M 0.23%
155,209
-5,171
-3% -$294K
AXP icon
91
American Express
AXP
$228B
$9.55M 0.22%
100,272
-9,474
-9% -$872K
IBM icon
92
IBM
IBM
$209B
$9.54M 0.22%
82,667
-2,944
-3% -$342K
AMGN icon
93
Amgen
AMGN
$209B
$9.08M 0.21%
38,499
-1,558
-4% -$355K
TSCO icon
94
Tractor Supply
TSCO
$15.8B
$8.87M 0.21%
336,535
-10,770
-3% -$236K
SYY icon
95
Sysco
SYY
$40.6B
$8.84M 0.21%
161,768
-9,785
-6% -$514K
CHKP icon
96
Check Point Software Technologies
CHKP
$13.1B
$8.72M 0.2%
81,212
-3,466
-4% -$367K
CARR icon
97
Carrier Global
CARR
$50.6B
$8.41M 0.2%
+378,682
New +$7.04M
DIS icon
98
Walt Disney
DIS
$167B
$8.36M 0.2%
74,935
-4,275
-5% -$472K
CVS icon
99
CVS Health
CVS
$134B
$8.22M 0.19%
126,505
+2,837
+2% +$179K
WFC icon
100
Wells Fargo
WFC
$258B
$8.14M 0.19%
318,073
-57,319
-15% -$1.57M
2 3
4
5 6

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CCM
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CL
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WJWM
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GGHC
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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.