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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KO icon
76
Coca-Cola
KO
$381B
$20.3M 0.31%
345,289
-5,244
-1% -$298K
EW icon
77
Edwards Lifesciences
EW
$50B
$19.6M 0.3%
257,429
-7,649
-3% -$532K
TD icon
78
Toronto Dominion Bank
TD
$198B
$19.5M 0.3%
302,424
-35,666
-11% -$2.14M
GSK icon
79
GSK
GSK
$104B
$19.3M 0.29%
520,651
-40
-0% -$1.44K
TSCO icon
80
Tractor Supply
TSCO
$15.8B
$19.1M 0.29%
442,970
+37,480
+9% +$1.53M
STZ icon
81
Constellation Brands
STZ
$22.3B
$18.8M 0.28%
77,779
-362
-0.5% -$86.1K
AWK icon
82
American Water Works
AWK
$26.7B
$17.4M 0.26%
131,787
-12,572
-9% -$1.59M
MCO icon
83
Moody's
MCO
$83.5B
$17M 0.26%
43,552
+4,427
+11% +$1.54M
AXP icon
84
American Express
AXP
$228B
$16.8M 0.25%
89,890
-502
-0.6% -$80.8K
EXPD icon
85
Expeditors International
EXPD
$21.8B
$16.2M 0.24%
127,321
-4,487
-3% -$529K
PFE icon
86
Pfizer
PFE
$142B
$14.6M 0.22%
505,564
-55,677
-10% -$1.68M
EMR icon
87
Emerson Electric
EMR
$83.3B
$13.5M 0.2%
138,923
-2,721
-2% -$249K
CGNX icon
88
Cognex
CGNX
$10.4B
$13M 0.2%
311,329
+3,760
+1% +$144K
ORCL icon
89
Oracle
ORCL
$367B
$12.8M 0.19%
121,557
-4,422
-4% -$483K
MZTI
90
The Marzetti Company
MZTI
$2.95B
$12M 0.18%
72,226
+2,870
+4% +$482K
BSX icon
91
Boston Scientific
BSX
$68.4B
$11.9M 0.18%
205,284
-51,453
-20% -$2.75M
DNA icon
92
Ginkgo Bioworks
DNA
$528M
$11.8M 0.18%
175,000
– –
CMI icon
93
Cummins
CMI
$87.3B
$11.6M 0.18%
48,554
-369
-0.8% -$83.9K
IBM icon
94
IBM
IBM
$209B
$11.2M 0.17%
68,361
-1,174
-2% -$177K
UPS icon
95
United Parcel Service
UPS
$89.5B
$11M 0.17%
69,773
-723
-1% -$109K
APD icon
96
Air Products & Chemicals
APD
$66.8B
$10.9M 0.16%
39,782
-101
-0.3% -$27.8K
VLTO icon
97
Veralto
VLTO
$23.1B
$10.6M 0.16%
+128,298
New +$9.58M
CARR icon
98
Carrier Global
CARR
$50.6B
$10.5M 0.16%
183,094
-14,056
-7% -$744K
FTV icon
99
Fortive
FTV
$17.7B
$9.21M 0.14%
166,061
-17,666
-10% -$932K
SHW icon
100
Sherwin-Williams
SHW
$83.7B
$8.97M 0.14%
28,747
-173
-0.6% -$46.5K
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 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.