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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
-11.28%
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
$3.55B
AUM Growth
-$648M
Cap. Flow
-$120M
Cap. Flow %
-3.38%
Top 10 Hldgs %
24.58%
Holding
367
New
7
Increased
73
Reduced
160
Closed
28

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$10.4M
2
MSFT icon
Microsoft
MSFT
+$4.97M
3
MTD icon
Mettler-Toledo International
MTD
+$4.5M
4
RMD icon
ResMed
RMD
+$3.95M
5
ADBE icon
Adobe
ADBE
+$3.79M

Top Sells

Rank Stock Value
1
PX
Praxair Inc
PX
+$37.8M
2
SLB icon
SLB Ltd
SLB
+$9.29M
3
NVDA icon
NVIDIA
NVDA
+$9.02M
4
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$7.85M
5
BUD icon
AB InBev
BUD
+$5.79M

Sector Composition

Rank Sector Weight
1 Healthcare 21.38%
2 Technology 17.47%
3 Financials 12.26%
4 Consumer Discretionary 10.53%
5 Industrials 8.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DNB
176
DELISTED
Dun & Bradstreet
DNB
$1.42M 0.04%
9,970
– –
MRSH
177
Marsh
MRSH
$91.4B
$1.42M 0.04%
17,800
-265
-1% -$22.1K
USMV icon
178
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
$1.4M 0.04%
26,795
– –
IVV icon
179
iShares Core S&P 500 ETF
IVV
$872B
$1.38M 0.04%
5,481
+2,360
+76% +$641K
MO icon
180
Altria Group
MO
$113B
$1.33M 0.04%
27,004
+1,960
+8% +$114K
BKLN icon
181
Invesco Senior Loan ETF
BKLN
$6.97B
$1.33M 0.04%
61,185
-56,100
-48% -$1.28M
STI
182
DELISTED
SunTrust Banks, Inc.
STI
$1.27M 0.04%
25,190
-1,458
-5% -$87.3K
DE icon
183
Deere & Co
DE
$162B
$1.27M 0.04%
8,489
+1,252
+17% +$183K
QQQ icon
184
Invesco QQQ Trust
QQQ
$450B
$1.24M 0.03%
8,026
+86
+1% +$14.4K
CNI icon
185
Canadian National Railway
CNI
$76.9B
$1.23M 0.03%
16,531
– –
PNC icon
186
PNC Financial Services
PNC
$99.2B
$1.18M 0.03%
10,052
– –
AMT icon
187
American Tower
AMT
$81.3B
$1.16M 0.03%
7,333
– –
PYPL icon
188
PayPal
PYPL
$49.3B
$1.09M 0.03%
13,010
+55
+0.4% +$4.58K
RDS.A
189
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$1.09M 0.03%
18,649
– –
LMT icon
190
Lockheed Martin
LMT
$132B
$1.07M 0.03%
4,105
+674
+20% +$204K
JKHY icon
191
Jack Henry & Associates
JKHY
$11B
$1.07M 0.03%
8,453
– –
WEC icon
192
WEC Energy
WEC
$35.8B
$1.06M 0.03%
15,307
-346
-2% -$24.3K
BSM icon
193
Black Stone Minerals
BSM
$3.14B
$1.05M 0.03%
68,044
+17,446
+34% +$295K
FAST icon
194
Fastenal
FAST
$53.5B
$1.04M 0.03%
79,720
-5,480
-6% -$74.1K
MPC icon
195
Marathon Petroleum
MPC
$91.7B
$1.02M 0.03%
17,225
-537
-3% -$36.6K
AVGO icon
196
Broadcom
AVGO
$1.85T
$986K 0.03%
38,790
-11,980
-24% -$283K
WTS icon
197
Watts Water Technologies
WTS
$11.5B
$973K 0.03%
15,070
-816
-5% -$58.6K
PSX icon
198
Phillips 66
PSX
$84.4B
$970K 0.03%
11,268
+230
+2% +$22.5K
INTU icon
199
Intuit
INTU
$86.3B
$963K 0.03%
4,891
– –
XRAY icon
200
Dentsply Sirona
XRAY
$2.75B
$949K 0.03%
25,492
-21,139
-45% -$769K
6 7
8
9 10

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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 2018 Portfolio in Review

As of Q4 2018, Welch & Forbes held 367 positions worth $3.55B, down 15% from $4.2B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Welch & Forbes withdrew a net $120M in Q4 2018, closing 28 positions and reducing 160 holdings. Its most notable exit was Praxair Inc, an estimated $37.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 20% a quarter earlier, followed by Technology and Financials.

Against the trend, Welch & Forbes opened a new position in Watsco Inc worth $2.3M.

  • Welch & Forbes's largest Q4 2018 buy was Watsco Inc: 16,518 shares worth $2.3M.
  • Welch & Forbes added most to Amazon in Q4 2018, an estimated $10.4M increase.
  • Welch & Forbes's biggest Q4 2018 reduction was SLB Ltd, cutting an estimated $9.29M.
  • Welch & Forbes fully exited Praxair Inc in Q4 2018, selling an estimated $37.8M.
  • Welch & Forbes's ten largest holdings make up 25% of its $3.55B portfolio in Q4 2018.
  • Welch & Forbes opened 7 new positions and closed 28 in Q4 2018.
  • Welch & Forbes's portfolio value fell 15% quarter-over-quarter to $3.55B.

Based on Welch & Forbes's 13F filing for Q4 2018, filed 5 Feb 2019.