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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
+2.54%
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
$2.89B
AUM Growth
-$389M
Cap. Flow
-$443M
Cap. Flow %
-15.3%
Top 10 Hldgs %
25.08%
Holding
354
New
18
Increased
53
Reduced
151
Closed
52

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$24.3M
2
FTV icon
Fortive
FTV
+$14.2M
3
CHKP icon
Check Point Software Technologies
CHKP
+$8.59M
4
META icon
Meta Platforms (Facebook)
META
+$5.58M
5
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$4.17M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$57.4M
2
ANSS
Ansys
ANSS
+$51.4M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$36M
4
AFL icon
Aflac
AFL
+$32.5M
5
ABBV icon
AbbVie
ABBV
+$31.3M

Sector Composition

Rank Sector Weight
1 Healthcare 21.22%
2 Industrials 12.88%
3 Technology 12.06%
4 Consumer Discretionary 10.77%
5 Financials 9.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DVY icon
151
iShares Select Dividend ETF
DVY
$23.6B
$1.59M 0.06%
18,570
-38,610
-68% -$3.33M
PAGP icon
152
Plains GP Holdings
PAGP
$5.26B
$1.55M 0.05%
44,885
-1,877
-4% -$56.6K
BA icon
153
Boeing
BA
$175B
$1.54M 0.05%
11,656
+27
+0.2% +$3.56K
WTS icon
154
Watts Water Technologies
WTS
$11.5B
$1.41M 0.05%
21,758
+8,975
+70% +$564K
IWO icon
155
iShares Russell 2000 Growth ETF
IWO
$14.4B
$1.36M 0.05%
9,105
+81
+0.9% +$11.8K
CPB icon
156
Campbell Soup
CPB
$6.58B
$1.34M 0.05%
24,559
-3,394
-12% -$205K
CAH icon
157
Cardinal Health
CAH
$53.2B
$1.33M 0.05%
17,151
+2,935
+21% +$237K
MRSH
158
Marsh
MRSH
$91.4B
$1.23M 0.04%
18,300
-500
-3% -$33.5K
STI
159
DELISTED
SunTrust Banks, Inc.
STI
$1.22M 0.04%
27,912
– –
LMT icon
160
Lockheed Martin
LMT
$132B
$1.12M 0.04%
4,685
– –
BMS
161
DELISTED
Bemis
BMS
$1.09M 0.04%
21,454
– –
OEF icon
162
iShares S&P 100 ETF
OEF
$19.9B
$1.09M 0.04%
11,338
+155
+1% +$14.9K
MPC icon
163
Marathon Petroleum
MPC
$91.7B
$1.08M 0.04%
26,674
– –
WEC icon
164
WEC Energy
WEC
$35.8B
$1.07M 0.04%
17,952
-623
-3% -$38.9K
B
165
Barrick Mining
B
$63.2B
$1.07M 0.04%
60,372
-987
-2% -$19.7K
RDS.A
166
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$1.05M 0.04%
21,002
+489
+2% +$25K
VGK icon
167
Vanguard FTSE Europe ETF
VGK
$30.8B
$1.05M 0.04%
21,565
-2,275
-10% -$109K
PSX icon
168
Phillips 66
PSX
$84.4B
$1.02M 0.04%
12,645
+165
+1% +$12.8K
CVE icon
169
Cenovus Energy
CVE
$56.5B
$1M 0.03%
69,830
-16,994
-20% -$243K
HON icon
170
Honeywell
HON
$76.7B
$985K 0.03%
9,400
-5
-0.1% -$522
MDLZ icon
171
Mondelez International
MDLZ
$80.5B
$962K 0.03%
21,909
– –
QQQ icon
172
Invesco QQQ Trust
QQQ
$450B
$932K 0.03%
7,854
+378
+5% +$43.6K
WAT icon
173
Waters Corp
WAT
$37.3B
$932K 0.03%
5,880
-100
-2% -$15.5K
IAU icon
174
iShares Gold Trust
IAU
$63.8B
$910K 0.03%
35,841
-430
-1% -$11.1K
AVGO icon
175
Broadcom
AVGO
$1.85T
$857K 0.03%
+49,660
New +$831K
5 6
7
8 9

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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 Q3 2016 Portfolio in Review

As of Q3 2016, Welch & Forbes held 354 positions worth $2.89B, down 12% from $3.28B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $443M in Q3 2016, closing 52 positions and reducing 151 holdings. Its most notable exit was Apple, an estimated $57.4M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.

Against the trend, Welch & Forbes opened a new position in Chubb worth $24.1M.

  • Welch & Forbes's largest Q3 2016 buy was Chubb: 191,500 shares worth $24.1M.
  • Welch & Forbes added most to Meta Platforms (Facebook) in Q3 2016, an estimated $5.58M increase.
  • Welch & Forbes's biggest Q3 2016 reduction was Linear Technology Corp, cutting an estimated $19.5M.
  • Welch & Forbes fully exited Apple in Q3 2016, selling an estimated $57.4M.
  • Welch & Forbes's ten largest holdings make up 25% of its $2.89B portfolio in Q3 2016.
  • Welch & Forbes opened 18 new positions and closed 52 in Q3 2016.
  • Welch & Forbes's portfolio value fell 12% quarter-over-quarter to $2.89B.

Based on Welch & Forbes's 13F filing for Q3 2016, filed 2 Nov 2016.