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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
CVS icon
101
CVS Health
CVS
$134B
$9.51M 0.16%
127,994
-921
-0.7% -$77.2K
FTV icon
102
Fortive
FTV
$17.7B
$9.47M 0.16%
184,332
-11,631
-6% -$585K
IBM icon
103
IBM
IBM
$209B
$9.45M 0.16%
72,074
-3,316
-4% -$444K
MMM icon
104
3M
MMM
$90.8B
$8.84M 0.15%
100,586
-95,149
-49% -$8.97M
NKE icon
105
Nike
NKE
$62.7B
$7.73M 0.13%
63,008
-1,995
-3% -$245K
GIS icon
106
General Mills
GIS
$19.4B
$7.59M 0.13%
88,757
-61
-0.1% -$4.87K
DUK icon
107
Duke Energy
DUK
$98.4B
$7.07M 0.12%
73,275
-984
-1% -$97.2K
AMGN icon
108
Amgen
AMGN
$209B
$6.96M 0.12%
28,800
-397
-1% -$97.5K
NVS icon
109
Novartis
NVS
$301B
$6.9M 0.12%
75,020
-4,771
-6% -$417K
RPM icon
110
RPM International
RPM
$13.8B
$6.69M 0.11%
76,691
-442
-0.6% -$38.7K
SHW icon
111
Sherwin-Williams
SHW
$83.7B
$6.65M 0.11%
29,590
-393
-1% -$89.9K
GDX icon
112
VanEck Gold Miners ETF
GDX
$23.5B
$6.31M 0.11%
195,072
+12,004
+7% +$363K
PGR icon
113
Progressive
PGR
$124B
$6.26M 0.11%
43,758
+4
+0% +$552
CAT icon
114
Caterpillar
CAT
$373B
$6.25M 0.11%
27,291
-697
-2% -$169K
VEU icon
115
Vanguard FTSE All-World ex-US ETF
VEU
$66.8B
$6.15M 0.1%
114,997
+2,000
+2% +$106K
ADI icon
116
Analog Devices
ADI
$179B
$6.13M 0.1%
31,068
-100
-0.3% -$17.9K
STT icon
117
State Street
STT
$50.2B
$6.12M 0.1%
80,831
-412
-0.5% -$34.7K
ITW icon
118
Illinois Tool Works
ITW
$81.6B
$6.1M 0.1%
25,070
-433
-2% -$101K
TXN icon
119
Texas Instruments
TXN
$255B
$6.02M 0.1%
32,380
-15
-0% -$2.64K
COF icon
120
Capital One
COF
$129B
$5.94M 0.1%
61,797
-1,219
-2% -$128K
BSV icon
121
Vanguard Short-Term Bond ETF
BSV
$44.7B
$5.92M 0.1%
77,401
-5,494
-7% -$416K
T icon
122
AT&T
T
$159B
$5.82M 0.1%
302,466
-12,712
-4% -$243K
DIS icon
123
Walt Disney
DIS
$167B
$5.8M 0.1%
57,930
-3,126
-5% -$315K
IGSB icon
124
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
$23B
$5.5M 0.09%
108,782
-35,627
-25% -$1.79M
KMB icon
125
Kimberly-Clark
KMB
$36.6B
$5.44M 0.09%
40,554
-12,322
-23% -$1.6M
3 4
5
6 7

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LGF
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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 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.