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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
IAU icon
151
iShares Gold Trust
IAU
$62.9B
$2.46M 0.07%
98,321
-362
-0.4% -$8.88K
PM icon
152
Philip Morris
PM
$297B
$2.44M 0.07%
23,055
-651
-3% -$69.4K
MCO icon
153
Moody's
MCO
$82.8B
$2.43M 0.07%
16,489
-1,135
-6% -$166K
EFA icon
154
iShares MSCI EAFE ETF
EFA
$78B
$2.42M 0.06%
34,366
+1,652
+5% +$115K
DVY icon
155
iShares Select Dividend ETF
DVY
$23.5B
$2.35M 0.06%
23,845
+275
+1% +$26.5K
IWO icon
156
iShares Russell 2000 Growth ETF
IWO
$14.3B
$2.34M 0.06%
12,546
+16
+0.1% +$2.92K
NOV icon
157
NOV
NOV
$6.93B
$2.31M 0.06%
64,150
-3,100
-5% -$105K
BIIB icon
158
Biogen
BIIB
$30B
$2.31M 0.06%
7,243
-423
-6% -$136K
TMO icon
159
Thermo Fisher Scientific
TMO
$213B
$2.29M 0.06%
12,053
-95
-0.8% -$18.2K
BABA icon
160
Alibaba
BABA
$293B
$2.28M 0.06%
13,200
+340
+3% +$60.9K
VGK icon
161
Vanguard FTSE Europe ETF
VGK
$30.7B
$2.22M 0.06%
37,595
+5,630
+18% +$329K
MO icon
162
Altria Group
MO
$114B
$2.15M 0.06%
30,042
-2,018
-6% -$135K
VAR
163
DELISTED
Varian Medical Systems, Inc.
VAR
$2.1M 0.06%
18,937
-435
-2% -$46.8K
VOO icon
164
Vanguard S&P 500 ETF
VOO
$979B
$2.01M 0.05%
8,200
– –
LOW icon
165
Lowe's Companies
LOW
$117B
$1.97M 0.05%
21,237
-613
-3% -$50.7K
OZK icon
166
Bank OZK
OZK
$5.6B
$1.89M 0.05%
+39,015
New +$1.81M
STI
167
DELISTED
SunTrust Banks, Inc.
STI
$1.74M 0.05%
26,913
+101
+0.4% +$6.17K
IJH icon
168
iShares Core S&P Mid-Cap ETF
IJH
$122B
$1.64M 0.04%
43,165
-2,530
-6% -$93.6K
USMV icon
169
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
$1.54M 0.04%
29,265
– –
DNB
170
DELISTED
Dun & Bradstreet
DNB
$1.46M 0.04%
12,321
– –
PNC icon
171
PNC Financial Services
PNC
$99.7B
$1.45M 0.04%
10,075
+28
+0.3% +$3.87K
MRSH
172
Marsh
MRSH
$90.5B
$1.45M 0.04%
17,800
– –
QQQ icon
173
Invesco QQQ Trust
QQQ
$453B
$1.36M 0.04%
8,750
+805
+10% +$123K
PSX icon
174
Phillips 66
PSX
$84.9B
$1.35M 0.04%
13,308
+209
+2% +$19.9K
HON icon
175
Honeywell
HON
$77B
$1.34M 0.04%
9,706
+107
+1% +$14.4K
5 6
7
8 9

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OC
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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.