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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
+4.95%
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
$3.17B
AUM Growth
+$11.1M
Cap. Flow
-$121M
Cap. Flow %
-3.83%
Top 10 Hldgs %
22.62%
Holding
353
New
18
Increased
114
Reduced
136
Closed
24

Top Buys

Rank Stock Value
1
NE
Noble Corporation
NE
+$14M
2
WMT icon
Walmart Inc
WMT
+$4.45M
3
OTEX icon
Open Text
OTEX
+$4.03M
4
TJX icon
TJX Companies
TJX
+$3.63M
5
V icon
Visa
V
+$2.89M

Top Sells

Rank Stock Value
1
ANSS
Ansys
ANSS
+$45.1M
2
APA icon
APA Corp
APA
+$22.8M
3
BUD icon
AB InBev
BUD
+$20.6M
4
AMP icon
Ameriprise Financial
AMP
+$16.1M
5
PRGO icon
Perrigo
PRGO
+$10.4M

Sector Composition

Rank Sector Weight
1 Healthcare 18.17%
2 Industrials 13.79%
3 Technology 13.42%
4 Financials 9.99%
5 Energy 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPLS
126
DELISTED
Staples Inc
SPLS
$3.61M 0.11%
333,272
-500
-0.1% -$5.93K
TIF
127
DELISTED
Tiffany & Co.
TIF
$3.58M 0.11%
35,765
-2,000
-5% -$186K
EMC
128
DELISTED
EMC CORPORATION
EMC
$3.55M 0.11%
134,750
-76,157
-36% -$2.01M
SLCA
129
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$3.55M 0.11%
63,972
-4,222
-6% -$199K
KN icon
130
Knowles
KN
$3.08B
$3.39M 0.11%
110,312
-8,091
-7% -$245K
IWM icon
131
iShares Russell 2000 ETF
IWM
$80.2B
$3.39M 0.11%
28,528
+48
+0.2% +$5.45K
CMCSK
132
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
$3.35M 0.11%
62,813
– –
MORN icon
133
Morningstar
MORN
$7.24B
$3.31M 0.1%
46,044
-3,147
-6% -$230K
EFA icon
134
iShares MSCI EAFE ETF
EFA
$78.5B
$3.26M 0.1%
47,693
+3,244
+7% +$222K
UNP icon
135
Union Pacific
UNP
$172B
$3.23M 0.1%
32,390
+766
+2% +$74.2K
TFCFA
136
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$3.15M 0.1%
89,465
+4,673
+6% +$159K
MJN
137
DELISTED
Mead Johnson Nutrition Company
MJN
$3.04M 0.1%
32,597
+11,482
+54% +$1M
VEA icon
138
Vanguard FTSE Developed Markets ETF
VEA
$230B
$3.01M 0.1%
70,717
-440
-0.6% -$18.5K
CTAS icon
139
Cintas
CTAS
$82.8B
$2.92M 0.09%
183,648
+1,096
+0.6% +$16.6K
ESRX
140
DELISTED
Express Scripts Holding Company
ESRX
$2.77M 0.09%
39,877
-307
-0.8% -$21.6K
PAGP icon
141
Plains GP Holdings
PAGP
$5.26B
$2.68M 0.08%
+31,506
New +$2.38M
PRAA icon
142
PRA Group
PRAA
$662M
$2.67M 0.08%
44,784
+4,533
+11% +$259K
CI icon
143
Cigna
CI
$76.1B
$2.54M 0.08%
27,636
– –
RBS.PRL.CL
144
DELISTED
Royal Bank Of Scotland Group Plc
RBS.PRL.CL
$2.5M 0.08%
108,204
-2,002
-2% -$45.3K
GXC icon
145
State Street SPDR S&P China ETF
GXC
$460M
$2.47M 0.08%
32,820
-7,720
-19% -$564K
DD icon
146
DuPont de Nemours
DD
$18.7B
$2.44M 0.08%
18,740
+379
+2% +$48.3K
VNO icon
147
Vornado Realty Trust
VNO
$7.55B
$2.37M 0.07%
30,404
-7,019
-19% -$533K
PM icon
148
Philip Morris
PM
$299B
$2.37M 0.07%
28,062
-848
-3% -$73K
MDT icon
149
Medtronic
MDT
$110B
$2.33M 0.07%
36,621
-200
-0.5% -$12.2K
CB
150
DELISTED
CHUBB CORPORATION
CB
$2.22M 0.07%
24,119
– –
4 5
6
7 8

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Welch & Forbes's Q2 2014 Portfolio in Review

As of Q2 2014, Welch & Forbes held 353 positions worth $3.17B, up 0.35% from $3.16B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $121M in Q2 2014, closing 24 positions and reducing 136 holdings. Its most notable exit was Ansys, an estimated $45.1M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 18% of assets, up from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Noble Corporation worth $14.9M.

  • Welch & Forbes's largest Q2 2014 buy was Noble Corporation: 509,476 shares worth $14.9M.
  • Welch & Forbes added most to Walmart Inc in Q2 2014, an estimated $4.45M increase.
  • Welch & Forbes's biggest Q2 2014 reduction was Expeditors International, cutting an estimated $4.83M.
  • Welch & Forbes fully exited Ansys in Q2 2014, selling an estimated $45.1M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.17B portfolio in Q2 2014.
  • Welch & Forbes opened 18 new positions and closed 24 in Q2 2014.
  • Welch & Forbes's portfolio value rose 0.35% quarter-over-quarter to $3.17B.

Based on Welch & Forbes's 13F filing for Q2 2014, filed 31 Jul 2014.