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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
CVS icon
101
CVS Health
CVS
$134B
$8.32M 0.14%
119,169
-7,034
-6% -$498K
MDT icon
102
Medtronic
MDT
$110B
$7.99M 0.13%
101,950
-20,436
-17% -$1.71M
LQD icon
103
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.3B
$7.77M 0.13%
76,170
-45,154
-37% -$4.76M
SYY icon
104
Sysco
SYY
$40.6B
$7.57M 0.13%
114,661
-6,392
-5% -$459K
SHW icon
105
Sherwin-Williams
SHW
$83.7B
$7.38M 0.12%
28,920
-14
-0% -$3.75K
NVS icon
106
Novartis
NVS
$301B
$7.2M 0.12%
70,687
-2,620
-4% -$266K
CAT icon
107
Caterpillar
CAT
$373B
$6.9M 0.11%
25,285
-1,388
-5% -$377K
AMGN icon
108
Amgen
AMGN
$209B
$6.9M 0.11%
25,681
-2,982
-10% -$744K
RPM icon
109
RPM International
RPM
$13.8B
$6.71M 0.11%
70,735
-4,227
-6% -$412K
DUK icon
110
Duke Energy
DUK
$98.4B
$6.43M 0.11%
72,860
-297
-0.4% -$27.2K
PGR icon
111
Progressive
PGR
$124B
$6.1M 0.1%
43,804
+19
+0% +$2.5K
MA icon
112
Mastercard
MA
$510B
$6.04M 0.1%
15,250
+215
+1% +$86.3K
COF icon
113
Capital One
COF
$129B
$5.94M 0.1%
61,228
-557
-0.9% -$59.5K
VEU icon
114
Vanguard FTSE All-World ex-US ETF
VEU
$66.8B
$5.87M 0.1%
113,239
-1,735
-2% -$93.9K
ITW icon
115
Illinois Tool Works
ITW
$81.6B
$5.8M 0.1%
25,171
-60
-0.2% -$14.6K
NKE icon
116
Nike
NKE
$62.7B
$5.58M 0.09%
58,378
-5,887
-9% -$606K
GIS icon
117
General Mills
GIS
$19.4B
$5.54M 0.09%
86,570
-6,646
-7% -$470K
GDX icon
118
VanEck Gold Miners ETF
GDX
$23.5B
$5.54M 0.09%
205,760
+6,318
+3% +$186K
HLN icon
119
Haleon
HLN
$44.5B
$5.41M 0.09%
649,082
-518
-0.1% -$4.31K
MMM icon
120
3M
MMM
$90.8B
$5.21M 0.09%
66,578
-13,450
-17% -$1.15M
ADI icon
121
Analog Devices
ADI
$179B
$5.19M 0.09%
29,625
-2,087
-7% -$385K
TXN icon
122
Texas Instruments
TXN
$255B
$5.18M 0.09%
32,584
+40
+0.1% +$6.83K
GE icon
123
GE Aerospace
GE
$368B
$5.12M 0.08%
58,001
+112
+0.2% +$10.1K
STT icon
124
State Street
STT
$50.2B
$5.1M 0.08%
76,107
-2,568
-3% -$181K
ICLR icon
125
Icon
ICLR
$12.8B
$4.93M 0.08%
20,023
-6
-0% -$1.51K
3 4
5
6 7

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CCM
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WJWM
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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.