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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
+3.82%
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
$3.87B
AUM Growth
-$13.1M
(-0.34%)
Cap. Flow
-$131M
Cap. Flow
% of AUM
-3.37%
Top 10 Holdings %
Top 10 Hldgs %
23.72%
Holding
372
New
16
Increased
96
Reduced
171
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$7.62M |
| 2 |
Constellation Brands
STZ
|
+$4.4M |
| 3 |
CHX
ChampionX
CHX
|
+$3.45M |
| 4 |
Stanley Black & Decker
SWK
|
+$3.4M |
| 5 |
Valero Energy
VLO
|
+$2.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Chubb
CB
|
+$41.6M |
| 2 |
Check Point Software Technologies
CHKP
|
+$11.3M |
| 3 |
Medtronic
MDT
|
+$9.78M |
| 4 |
Franklin Resources
BEN
|
+$8.22M |
| 5 |
CELG
Celgene Corp
CELG
|
+$7.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 18.99% |
| 2 | Technology | 17.92% |
| 3 | Financials | 11.59% |
| 4 | Consumer Discretionary | 9.63% |
| 5 | Industrials | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRSH
176
Marsh
MRSH
$91.4B
| $1.56M | 0.04% |
19,065
+36
| +0.2% | +$2.94K |
|
177
Phillips 66
PSX
$84.4B
| $1.5M | 0.04% |
13,324
+508
| +4% | +$57.1K |
|
|
DNB
178
DELISTED
Dun & Bradstreet
DNB
| $1.48M | 0.04% |
12,070
| – | – |
|
179
Altria Group
MO
$113B
| $1.46M | 0.04% |
25,772
-471
| -2% | -$27.2K |
|
180
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
| $1.42M | 0.04% |
26,795
-2,470
| -8% | -$130K |
|
181
Invesco QQQ Trust
QQQ
$450B
| $1.36M | 0.04% |
7,940
| – | – |
|
182
PNC Financial Services
PNC
$99.2B
| $1.36M | 0.04% |
10,052
-40
| -0.4% | -$5.84K |
|
183
Broadcom
AVGO
$1.85T
| $1.35M | 0.04% |
55,770
-810
| -1% | -$19.9K |
|
184
Canadian National Railway
CNI
$76.9B
| $1.35M | 0.03% |
16,531
+150
| +0.9% | +$11.9K |
|
|
RDS.A
185
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $1.33M | 0.03% |
19,149
+100
| +0.5% | +$6.93K |
|
186
Marathon Petroleum
MPC
$91.7B
| $1.26M | 0.03% |
17,962
-200
| -1% | -$15.3K |
|
187
Vornado Realty Trust
VNO
$7.55B
| $1.21M | 0.03% |
16,353
| – | – |
|
188
Watts Water Technologies
WTS
$11.5B
| $1.18M | 0.03% |
15,081
-876
| -5% | -$68K |
|
189
RPM International
RPM
$13.8B
| $1.15M | 0.03% |
+19,773
| New | +$992K |
|
190
Jack Henry & Associates
JKHY
$11B
| $1.1M | 0.03% |
8,453
-12
| -0.1% | -$1.49K |
|
191
American Tower
AMT
$81.3B
| $1.06M | 0.03% |
7,333
-1,140
| -13% | -$158K |
|
192
PayPal
PYPL
$49.3B
| $1.05M | 0.03% |
12,670
+300
| +2% | +$23.9K |
|
193
iShares Russell 1000 ETF
IWB
$47.9B
| $1.02M | 0.03% |
6,720
-130
| -2% | -$19.6K |
|
194
WEC Energy
WEC
$35.9B
| $1.02M | 0.03% |
15,787
-622
| -4% | -$38.7K |
|
195
iShares S&P 100 ETF
OEF
$19.9B
| $1.02M | 0.03% |
8,519
-2,050
| -19% | -$244K |
|
196
Lockheed Martin
LMT
$132B
| $1.01M | 0.03% |
3,431
+46
| +1% | +$14.8K |
|
|
AET
197
DELISTED
Aetna Inc
AET
| $1.01M | 0.03% |
5,498
+70
| +1% | +$12.5K |
|
198
Intuit
INTU
$86.3B
| $999K | 0.03% |
4,891
| – | – |
|
199
Deere & Co
DE
$162B
| $995K | 0.03% |
7,120
-308
| -4% | -$45.4K |
|
200
Fastenal
FAST
$53.5B
| $983K | 0.03% |
81,660
+5,500
| +7% | +$71.2K |
|
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Welch & Forbes's Q2 2018 Portfolio in Review
As of Q2 2018, Welch & Forbes held 372 positions worth $3.87B, down 0.34% from $3.88B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Welch & Forbes withdrew a net $131M in Q2 2018, closing 13 positions and reducing 171 holdings. Its most notable exit was Chubb, an estimated $41.6M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 19% of assets, down from 19% a quarter earlier, followed by Technology and Financials.
Against the trend, Welch & Forbes opened a new position in ChampionX worth $3.52M.
- Welch & Forbes's largest Q2 2018 buy was ChampionX: 84,371 shares worth $3.52M.
- Welch & Forbes added most to Thermo Fisher Scientific in Q2 2018, an estimated $7.62M increase.
- Welch & Forbes's biggest Q2 2018 reduction was Franklin Resources, cutting an estimated $8.22M.
- Welch & Forbes fully exited Chubb in Q2 2018, selling an estimated $41.6M.
- Welch & Forbes's ten largest holdings make up 24% of its $3.87B portfolio in Q2 2018.
- Welch & Forbes opened 16 new positions and closed 13 in Q2 2018.
- Welch & Forbes's portfolio value fell 0.34% quarter-over-quarter to $3.87B.
Based on Welch & Forbes's 13F filing for Q2 2018, filed 16 Jul 2018.