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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
+8.91%
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
$5.91B
AUM Growth
+$326M
Cap. Flow
-$37.6M
Cap. Flow %
-0.64%
Top 10 Hldgs %
30.4%
Holding
379
New
11
Increased
77
Reduced
181
Closed
14

Top Buys

Rank Stock Value
1
LHX icon
L3Harris
LHX
+$3.27M
2
NEE icon
NextEra Energy
NEE
+$3M
3
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.36M
4
LECO icon
Lincoln Electric
LECO
+$2.06M
5
ACN icon
Accenture
ACN
+$1.48M

Top Sells

Rank Stock Value
1
MMM icon
3M
MMM
+$8.97M
2
ORLY icon
O'Reilly Automotive
ORLY
+$5M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$4.87M
4
NVDA icon
NVIDIA
NVDA
+$3.74M
5
INTC icon
Intel
INTC
+$3.13M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Healthcare 20.23%
3 Consumer Discretionary 11.59%
4 Financials 11.47%
5 Industrials 8.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTAS icon
76
Cintas
CTAS
$82.7B
$20.5M 0.35%
176,884
+2,588
+1% +$285K
QCOM icon
77
Qualcomm
QCOM
$160B
$20.4M 0.34%
159,575
-284
-0.2% -$35.3K
SPY icon
78
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$18.9M 0.32%
46,230
-12,203
-21% -$4.87M
GSK icon
79
GSK
GSK
$104B
$18.5M 0.31%
521,101
– –
TSCO icon
80
Tractor Supply
TSCO
$15.8B
$17.9M 0.3%
381,535
+19,410
+5% +$884K
STZ icon
81
Constellation Brands
STZ
$22.3B
$17.3M 0.29%
76,695
-528
-0.7% -$118K
IWM icon
82
iShares Russell 2000 ETF
IWM
$80.2B
$16.1M 0.27%
90,243
+5,407
+6% +$996K
CGNX icon
83
Cognex
CGNX
$10.4B
$15.4M 0.26%
310,613
-1,720
-0.6% -$87K
INTC icon
84
Intel
INTC
$460B
$15.3M 0.26%
469,483
-110,398
-19% -$3.13M
EXPD icon
85
Expeditors International
EXPD
$21.8B
$15.2M 0.26%
138,212
-1,795
-1% -$195K
AXP icon
86
American Express
AXP
$228B
$14.9M 0.25%
90,233
-398
-0.4% -$66K
LQD icon
87
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$14.9M 0.25%
135,515
-1,590
-1% -$172K
CSL icon
88
Carlisle Companies
CSL
$15B
$14.4M 0.24%
63,779
+5,600
+10% +$1.36M
UPS icon
89
United Parcel Service
UPS
$89.5B
$14M 0.24%
72,380
-1,419
-2% -$260K
MZTI
90
The Marzetti Company
MZTI
$2.95B
$13.8M 0.23%
68,010
+1,990
+3% +$387K
BSX icon
91
Boston Scientific
BSX
$68.4B
$12.8M 0.22%
254,947
-8,220
-3% -$387K
CARR icon
92
Carrier Global
CARR
$50.6B
$12.7M 0.21%
276,748
-1,510
-0.5% -$67.6K
EMR icon
93
Emerson Electric
EMR
$83.3B
$12.5M 0.21%
143,141
-75
-0.1% -$6.55K
CMI icon
94
Cummins
CMI
$87.3B
$12.3M 0.21%
51,412
-46
-0.1% -$11.2K
MCO icon
95
Moody's
MCO
$83.5B
$11.7M 0.2%
38,345
+1,379
+4% +$417K
APD icon
96
Air Products & Chemicals
APD
$66.8B
$11.5M 0.19%
39,894
-288
-0.7% -$84.1K
ORCL icon
97
Oracle
ORCL
$367B
$11.3M 0.19%
121,885
-579
-0.5% -$50.8K
BMY icon
98
Bristol-Myers Squibb
BMY
$132B
$11.3M 0.19%
162,991
-5,015
-3% -$354K
MDT icon
99
Medtronic
MDT
$110B
$9.78M 0.17%
121,251
-12,486
-9% -$1.02M
SYY icon
100
Sysco
SYY
$40.6B
$9.61M 0.16%
124,380
-9,792
-7% -$751K
2 3
4
5 6

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CCM
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WJWM
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Welch & Forbes's Q1 2023 Portfolio in Review

As of Q1 2023, Welch & Forbes held 379 positions worth $5.91B, up 5.8% from $5.58B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Welch & Forbes's Q1 2023 filing shows 11 new, 77 increased, 181 reduced and 14 closed positions. Its largest new stake was GE HealthCare: 12,855 shares worth $1.05M. The largest sale was 3M, an estimated $8.97M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q1 2023 buy was GE HealthCare: 12,855 shares worth $1.05M.
  • Welch & Forbes added most to L3Harris in Q1 2023, an estimated $3.27M increase.
  • Welch & Forbes's biggest Q1 2023 reduction was 3M, cutting an estimated $8.97M.
  • Welch & Forbes fully exited First Republic Bank in Q1 2023, selling an estimated $967K.
  • Welch & Forbes's ten largest holdings make up 30% of its $5.91B portfolio in Q1 2023.
  • Welch & Forbes opened 11 new positions and closed 14 in Q1 2023.
  • Welch & Forbes's portfolio value rose 5.8% quarter-over-quarter to $5.91B.

Based on Welch & Forbes's 13F filing for Q1 2023, filed 14 Apr 2023.