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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
EV
151
DELISTED
Eaton Vance Corp.
EV
$2.15M 0.07%
56,806
– –
NWN icon
152
Northwest Natural Holdings
NWN
$2.11B
$2.12M 0.07%
45,056
+400
+0.9% +$17.9K
MUI
153
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$2.1M 0.07%
144,000
– –
MAS icon
154
Masco
MAS
$14.2B
$2.06M 0.07%
105,842
-306
-0.3% -$5.77K
RNET
155
DELISTED
RigNet, Inc.
RNET
$2.04M 0.06%
37,888
-6,264
-14% -$314K
RDS.A
156
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$2.02M 0.06%
24,556
-804
-3% -$62.9K
CPB icon
157
Campbell Soup
CPB
$6.58B
$2.01M 0.06%
43,826
+250
+0.6% +$11.3K
VAR
158
DELISTED
Varian Medical Systems, Inc.
VAR
$2.01M 0.06%
27,532
-228
-0.8% -$16.4K
LOW icon
159
Lowe's Companies
LOW
$118B
$1.96M 0.06%
40,736
+3,758
+10% +$175K
EWC icon
160
iShares MSCI Canada ETF
EWC
$6.17B
$1.93M 0.06%
59,958
+200
+0.3% +$6.13K
ITW icon
161
Illinois Tool Works
ITW
$81.6B
$1.87M 0.06%
21,351
-100
-0.5% -$8.59K
MOO icon
162
VanEck Agribusiness ETF
MOO
$994M
$1.86M 0.06%
33,743
-1,808
-5% -$98.7K
MCO icon
163
Moody's
MCO
$83.5B
$1.83M 0.06%
20,905
-1,300
-6% -$107K
SIAL
164
DELISTED
SIGMA - ALDRICH CORP
SIAL
$1.78M 0.06%
17,559
-22
-0.1% -$2.14K
BA icon
165
Boeing
BA
$175B
$1.76M 0.06%
13,823
-900
-6% -$117K
PHO icon
166
Invesco Water Resources ETF
PHO
$2B
$1.75M 0.06%
65,820
-6,050
-8% -$159K
IWR icon
167
iShares Russell Mid-Cap ETF
IWR
$56.1B
$1.73M 0.05%
42,588
+14,352
+51% +$560K
PGR icon
168
Progressive
PGR
$124B
$1.73M 0.05%
68,220
+2,118
+3% +$52.5K
NOC icon
169
Northrop Grumman
NOC
$76B
$1.72M 0.05%
14,370
-534
-4% -$64.5K
FXI icon
170
iShares China Large-Cap ETF
FXI
$4.37B
$1.69M 0.05%
45,724
-4,025
-8% -$146K
TXN icon
171
Texas Instruments
TXN
$255B
$1.69M 0.05%
35,256
-1,000
-3% -$46.7K
GLD icon
172
SPDR Gold Trust
GLD
$133B
$1.67M 0.05%
13,010
-75
-0.6% -$9.32K
IYR icon
173
iShares US Real Estate ETF
IYR
$4.69B
$1.67M 0.05%
23,200
-800
-3% -$56.3K
NBL
174
DELISTED
Noble Energy, Inc.
NBL
$1.65M 0.05%
21,300
-350
-2% -$25.5K
ICLR icon
175
Icon
ICLR
$12.8B
$1.63M 0.05%
34,555
– –
5 6
7
8 9

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WJWM
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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.