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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
+11.73%
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
$5.58B
AUM Growth
+$459M
Cap. Flow
-$69.3M
Cap. Flow %
-1.24%
Top 10 Hldgs %
29.39%
Holding
389
New
19
Increased
84
Reduced
179
Closed
21

Top Buys

Rank Stock Value
1
GSK icon
GSK
GSK
+$17.4M
2
LECO icon
Lincoln Electric
LECO
+$9.55M
3
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$7.33M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$5.54M
5
HLN icon
Haleon
HLN
+$4.42M

Top Sells

Rank Stock Value
1
SWK icon
Stanley Black & Decker
SWK
+$12.2M
2
META icon
Meta Platforms (Facebook)
META
+$8.4M
3
DXJ icon
WisdomTree Japan Hedged Equity Fund
DXJ
+$7M
4
BALL icon
Ball Corp
BALL
+$6.38M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$5.38M

Sector Composition

Rank Sector Weight
1 Healthcare 21.37%
2 Technology 20.21%
3 Financials 12.4%
4 Consumer Discretionary 12.04%
5 Consumer Staples 8.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MMM icon
76
3M
MMM
$90.8B
$19.6M 0.35%
195,735
-4,213
-2% -$430K
GSK icon
77
GSK
GSK
$104B
$18.3M 0.33%
+521,101
New +$17.4M
STZ icon
78
Constellation Brands
STZ
$22.3B
$17.9M 0.32%
77,223
+366
+0.5% +$87.6K
BKNG icon
79
Booking.com
BKNG
$150B
$17.6M 0.32%
218,525
-6,150
-3% -$467K
QCOM icon
80
Qualcomm
QCOM
$160B
$17.6M 0.32%
159,859
-1,111
-0.7% -$130K
TSCO icon
81
Tractor Supply
TSCO
$15.8B
$16.3M 0.29%
362,125
+4,465
+1% +$190K
INTC icon
82
Intel
INTC
$460B
$15.3M 0.27%
579,881
-47,236
-8% -$1.31M
IWM icon
83
iShares Russell 2000 ETF
IWM
$80.2B
$14.8M 0.27%
84,836
-3,672
-4% -$653K
CGNX icon
84
Cognex
CGNX
$10.4B
$14.7M 0.26%
312,333
-2,235
-0.7% -$105K
EXPD icon
85
Expeditors International
EXPD
$21.8B
$14.5M 0.26%
140,007
-3,440
-2% -$355K
LQD icon
86
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$14.5M 0.26%
137,105
-13,381
-9% -$1.4M
EMR icon
87
Emerson Electric
EMR
$83.3B
$13.8M 0.25%
143,216
-4,624
-3% -$416K
CSL icon
88
Carlisle Companies
CSL
$15B
$13.7M 0.25%
58,179
+1,481
+3% +$381K
AXP icon
89
American Express
AXP
$228B
$13.4M 0.24%
90,631
+243
+0.3% +$36K
MZTI
90
The Marzetti Company
MZTI
$2.95B
$13M 0.23%
66,020
-602
-0.9% -$114K
UPS icon
91
United Parcel Service
UPS
$89.5B
$12.8M 0.23%
73,799
+1,502
+2% +$260K
META icon
92
Meta Platforms (Facebook)
META
$1.37T
$12.6M 0.23%
104,950
-71,503
-41% -$8.4M
CMI icon
93
Cummins
CMI
$87.3B
$12.5M 0.22%
51,458
+470
+0.9% +$112K
APD icon
94
Air Products & Chemicals
APD
$66.8B
$12.4M 0.22%
40,182
– –
BSX icon
95
Boston Scientific
BSX
$68.4B
$12.2M 0.22%
263,167
-583
-0.2% -$25.2K
BMY icon
96
Bristol-Myers Squibb
BMY
$132B
$12.1M 0.22%
168,006
+3,127
+2% +$236K
CVS icon
97
CVS Health
CVS
$134B
$12M 0.22%
128,915
+99
+0.1% +$9.55K
CARR icon
98
Carrier Global
CARR
$50.6B
$11.5M 0.21%
278,258
-4,925
-2% -$200K
IBM icon
99
IBM
IBM
$209B
$10.6M 0.19%
75,390
-2,774
-4% -$383K
MDT icon
100
Medtronic
MDT
$110B
$10.4M 0.19%
133,737
-7,343
-5% -$595K
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 Q4 2022 Portfolio in Review

As of Q4 2022, Welch & Forbes held 389 positions worth $5.58B, up 9% from $5.12B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

Welch & Forbes's Q4 2022 filing shows 19 new, 84 increased, 179 reduced and 21 closed positions. Its largest new stake was GSK: 521,101 shares worth $18.3M. The largest sale was Stanley Black & Decker, an estimated $12.2M.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 21% a quarter earlier, followed by Technology and Financials.

  • Welch & Forbes's largest Q4 2022 buy was GSK: 521,101 shares worth $18.3M.
  • Welch & Forbes added most to Lincoln Electric in Q4 2022, an estimated $9.55M increase.
  • Welch & Forbes's biggest Q4 2022 reduction was Stanley Black & Decker, cutting an estimated $12.2M.
  • Welch & Forbes fully exited WisdomTree Japan Hedged Equity Fund in Q4 2022, selling an estimated $7M.
  • Welch & Forbes's ten largest holdings make up 29% of its $5.58B portfolio in Q4 2022.
  • Welch & Forbes opened 19 new positions and closed 21 in Q4 2022.
  • Welch & Forbes's portfolio value rose 9% quarter-over-quarter to $5.58B.

Based on Welch & Forbes's 13F filing for Q4 2022, filed 2 Feb 2023.