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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
+5.66%
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
$3.75B
AUM Growth
-$52.5M
Cap. Flow
-$224M
Cap. Flow %
-5.98%
Top 10 Hldgs %
23.33%
Holding
360
New
28
Increased
96
Reduced
143
Closed
22

Top Buys

Rank Stock Value
1
EACQ
Easterly Acquisition Corp
EACQ
+$9.98M
2
AGN
Allergan plc
AGN
+$4.37M
3
PX
Praxair Inc
PX
+$3.81M
4
META icon
Meta Platforms (Facebook)
META
+$2.93M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.65M

Top Sells

Rank Stock Value
1
ABBV icon
AbbVie
ABBV
+$43M
2
CB icon
Chubb
CB
+$38.8M
3
ABT icon
Abbott
ABT
+$33.4M
4
AFL icon
Aflac
AFL
+$29.1M
5
T icon
AT&T
T
+$18.4M

Sector Composition

Rank Sector Weight
1 Healthcare 17.17%
2 Technology 16.95%
3 Financials 11.91%
4 Industrials 10.71%
5 Consumer Discretionary 9.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSCO icon
126
Tractor Supply
TSCO
$16.1B
$4.65M 0.12%
310,995
-3,955
-1% -$50.8K
MET icon
127
MetLife
MET
$61.9B
$4.64M 0.12%
91,841
-5,679
-6% -$299K
CHTR icon
128
Charter Communications
CHTR
$17.3B
$4.44M 0.12%
13,212
-11,451
-46% -$3.89M
ZBH icon
129
Zimmer Biomet
ZBH
$18.2B
$4.4M 0.12%
37,585
-5,594
-13% -$633K
MUI
130
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$4.28M 0.11%
307,495
– –
TWX
131
DELISTED
Time Warner Inc
TWX
$4.09M 0.11%
44,736
-37,500
-46% -$3.54M
APC
132
DELISTED
Anadarko Petroleum
APC
$3.99M 0.11%
74,359
-5,645
-7% -$278K
AGN
133
DELISTED
Allergan plc
AGN
$3.98M 0.11%
+24,326
New +$4.37M
UNP icon
134
Union Pacific
UNP
$174B
$3.91M 0.1%
29,188
+516
+2% +$62.2K
XRAY icon
135
Dentsply Sirona
XRAY
$2.68B
$3.84M 0.1%
58,286
-3,698
-6% -$235K
TXN icon
136
Texas Instruments
TXN
$252B
$3.26M 0.09%
31,195
-186
-0.6% -$18.1K
CI icon
137
Cigna
CI
$73.7B
$3.22M 0.09%
15,841
+5
+0% +$995
MAS icon
138
Masco
MAS
$14.1B
$3.12M 0.08%
71,057
-995
-1% -$40.4K
EEM icon
139
iShares MSCI Emerging Markets ETF
EEM
$28.8B
$3.11M 0.08%
65,932
+5,906
+10% +$273K
BA icon
140
Boeing
BA
$171B
$3.07M 0.08%
10,399
-1,680
-14% -$455K
PGR icon
141
Progressive
PGR
$123B
$3.03M 0.08%
53,797
– –
NOC icon
142
Northrop Grumman
NOC
$77.1B
$2.98M 0.08%
9,699
-244
-2% -$73.3K
BSV icon
143
Vanguard Short-Term Bond ETF
BSV
$44.7B
$2.9M 0.08%
36,726
-2,470
-6% -$196K
ITW icon
144
Illinois Tool Works
ITW
$82.6B
$2.87M 0.08%
17,177
-339
-2% -$54.1K
ADI icon
145
Analog Devices
ADI
$179B
$2.83M 0.08%
31,750
-779
-2% -$69K
NWL icon
146
Newell Brands
NWL
$2.38B
$2.72M 0.07%
87,904
-7,158
-8% -$247K
AMZN icon
147
Amazon
AMZN
$2.92T
$2.69M 0.07%
45,980
+760
+2% +$41.8K
MORN icon
148
Morningstar
MORN
$7.22B
$2.68M 0.07%
27,621
-4,369
-14% -$393K
LNT icon
149
Alliant Energy
LNT
$18.3B
$2.59M 0.07%
60,700
-1,000
-2% -$43.6K
NEE icon
150
NextEra Energy
NEE
$181B
$2.48M 0.07%
63,620
-1,396
-2% -$53.9K
4 5
6
7 8

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LGF
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CCM
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CL
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WJWM
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WA
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GGHC
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CCM
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Welch & Forbes's Q4 2017 Portfolio in Review

As of Q4 2017, Welch & Forbes held 360 positions worth $3.75B, down 1.4% from $3.8B the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Welch & Forbes withdrew a net $224M in Q4 2017, closing 22 positions and reducing 143 holdings. Its most notable exit was AbbVie, an estimated $43M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Easterly Acquisition Corp worth $10M.

  • Welch & Forbes's largest Q4 2017 buy was Easterly Acquisition Corp: 994,036 shares worth $10M.
  • Welch & Forbes added most to Praxair Inc in Q4 2017, an estimated $3.81M increase.
  • Welch & Forbes's biggest Q4 2017 reduction was GE Aerospace, cutting an estimated $8.07M.
  • Welch & Forbes fully exited AbbVie in Q4 2017, selling an estimated $43M.
  • Welch & Forbes's ten largest holdings make up 23% of its $3.75B portfolio in Q4 2017.
  • Welch & Forbes opened 28 new positions and closed 22 in Q4 2017.
  • Welch & Forbes's portfolio value fell 1.4% quarter-over-quarter to $3.75B.

Based on Welch & Forbes's 13F filing for Q4 2017, filed 26 Jan 2018.