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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
-3.61%
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
$6.05B
AUM Growth
-$292M
Cap. Flow
-$13.2M
Cap. Flow %
-0.22%
Top 10 Hldgs %
31.48%
Holding
382
New
7
Increased
100
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
DNA icon
Ginkgo Bioworks
DNA
+$14M
2
NEE icon
NextEra Energy
NEE
+$9.06M
3
LLY icon
Eli Lilly
LLY
+$4.07M
4
ACN icon
Accenture
ACN
+$2.07M
5
OMC icon
Omnicom Group
OMC
+$2.03M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$13.8M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.76M
3
MSFT icon
Microsoft
MSFT
+$3.06M
4
JNJ icon
Johnson & Johnson
JNJ
+$2.16M
5
AAPL icon
Apple
AAPL
+$2.08M

Sector Composition

Rank Sector Weight
1 Technology 24.45%
2 Healthcare 18.9%
3 Financials 11.77%
4 Consumer Discretionary 11.76%
5 Consumer Staples 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KO icon
76
Coca-Cola
KO
$381B
$19.6M 0.32%
350,533
-10,480
-3% -$629K
GSK icon
77
GSK
GSK
$104B
$18.9M 0.31%
520,691
-286
-0.1% -$10.2K
PFE icon
78
Pfizer
PFE
$142B
$18.6M 0.31%
561,241
-13,361
-2% -$472K
EW icon
79
Edwards Lifesciences
EW
$50B
$18.4M 0.3%
265,078
-6,744
-2% -$542K
AWK icon
80
American Water Works
AWK
$26.7B
$17.9M 0.3%
144,359
-146
-0.1% -$20.5K
QCOM icon
81
Qualcomm
QCOM
$160B
$17.6M 0.29%
158,687
-175
-0.1% -$20.3K
IWM icon
82
iShares Russell 2000 ETF
IWM
$80.2B
$16.9M 0.28%
95,598
+2,940
+3% +$552K
TSCO icon
83
Tractor Supply
TSCO
$15.8B
$16.5M 0.27%
405,490
+20,550
+5% +$890K
INTC icon
84
Intel
INTC
$460B
$16M 0.26%
449,338
-9,965
-2% -$347K
EXPD icon
85
Expeditors International
EXPD
$21.8B
$15.1M 0.25%
131,808
-4,750
-3% -$565K
EMR icon
86
Emerson Electric
EMR
$83.3B
$13.7M 0.23%
141,644
-1,275
-0.9% -$121K
BSX icon
87
Boston Scientific
BSX
$68.4B
$13.6M 0.22%
256,737
+123
+0% +$6.45K
AXP icon
88
American Express
AXP
$228B
$13.5M 0.22%
90,392
-770
-0.8% -$126K
ORCL icon
89
Oracle
ORCL
$367B
$13.3M 0.22%
125,979
+5,120
+4% +$593K
CGNX icon
90
Cognex
CGNX
$10.4B
$13.1M 0.22%
307,569
-10,773
-3% -$530K
DNA icon
91
Ginkgo Bioworks
DNA
$528M
$12.7M 0.21%
+175,000
New +$14M
MCO icon
92
Moody's
MCO
$83.5B
$12.4M 0.2%
39,125
+618
+2% +$210K
MZTI
93
The Marzetti Company
MZTI
$2.95B
$11.4M 0.19%
69,356
+2,011
+3% +$362K
APD icon
94
Air Products & Chemicals
APD
$66.8B
$11.3M 0.19%
39,883
+86
+0.2% +$25.2K
CMI icon
95
Cummins
CMI
$87.3B
$11.2M 0.18%
48,923
-2,668
-5% -$644K
UPS icon
96
United Parcel Service
UPS
$89.5B
$11M 0.18%
70,496
-711
-1% -$123K
CARR icon
97
Carrier Global
CARR
$50.6B
$10.9M 0.18%
197,150
-14,789
-7% -$814K
FTV icon
98
Fortive
FTV
$17.7B
$10.3M 0.17%
183,727
-949
-0.5% -$54.6K
IBM icon
99
IBM
IBM
$209B
$9.76M 0.16%
69,535
-2,097
-3% -$298K
BMY icon
100
Bristol-Myers Squibb
BMY
$132B
$8.74M 0.14%
150,632
-9,562
-6% -$586K
2 3
4
5 6

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Welch & Forbes's Q3 2023 Portfolio in Review

As of Q3 2023, Welch & Forbes held 382 positions worth $6.05B, down 4.6% from $6.34B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Welch & Forbes's Q3 2023 filing shows 7 new, 100 increased, 189 reduced and 15 closed positions. Its largest new stake was Ginkgo Bioworks: 175,000 shares worth $12.7M. The largest sale was NVIDIA, an estimated $13.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2023 buy was Ginkgo Bioworks: 175,000 shares worth $12.7M.
  • Welch & Forbes added most to NextEra Energy in Q3 2023, an estimated $9.06M increase.
  • Welch & Forbes's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $13.8M.
  • Welch & Forbes fully exited Darden Restaurants in Q3 2023, selling an estimated $427K.
  • Welch & Forbes's ten largest holdings make up 31% of its $6.05B portfolio in Q3 2023.
  • Welch & Forbes opened 7 new positions and closed 15 in Q3 2023.
  • Welch & Forbes's portfolio value fell 4.6% quarter-over-quarter to $6.05B.

Based on Welch & Forbes's 13F filing for Q3 2023, filed 3 Nov 2023.