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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
-3.61%
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
$6.05B
AUM Growth
-$292M
Cap. Flow
-$13.2M
Cap. Flow %
-0.22%
Top 10 Hldgs %
31.48%
Holding
382
New
7
Increased
100
Reduced
189
Closed
15

Top Buys

Rank Stock Value
1
DNA icon
Ginkgo Bioworks
DNA
+$14M
2
NEE icon
NextEra Energy
NEE
+$9.06M
3
LLY icon
Eli Lilly
LLY
+$4.07M
4
ACN icon
Accenture
ACN
+$2.07M
5
OMC icon
Omnicom Group
OMC
+$2.03M

Top Sells

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$13.8M
2
LQD icon
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
+$4.76M
3
MSFT icon
Microsoft
MSFT
+$3.06M
4
JNJ icon
Johnson & Johnson
JNJ
+$2.16M
5
AAPL icon
Apple
AAPL
+$2.08M

Sector Composition

Rank Sector Weight
1 Technology 24.45%
2 Healthcare 18.9%
3 Financials 11.77%
4 Consumer Discretionary 11.76%
5 Consumer Staples 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRM icon
176
Salesforce
CRM
$149B
$2.08M 0.03%
10,259
+88
+0.9% +$19K
IWB icon
177
iShares Russell 1000 ETF
IWB
$47.7B
$2.08M 0.03%
8,854
+1,060
+14% +$259K
DE icon
178
Deere & Co
DE
$160B
$2.07M 0.03%
5,494
-61
-1% -$25.2K
PYPL icon
179
PayPal
PYPL
$48.9B
$2.06M 0.03%
35,309
-2,770
-7% -$180K
APTV icon
180
Aptiv
APTV
$11.8B
$2.06M 0.03%
20,869
+19
+0.1% +$1.96K
VTV icon
181
Vanguard Morningstar Value ETF
VTV
$187B
$2.04M 0.03%
14,783
-4,856
-25% -$696K
NVO
182
Novo Nordisk
NVO
$206B
$1.97M 0.03%
21,698
+258
+1% +$22.7K
EFA icon
183
iShares MSCI EAFE ETF
EFA
$77.3B
$1.93M 0.03%
28,058
-105
-0.4% -$7.52K
CPRT icon
184
Copart
CPRT
$27B
$1.88M 0.03%
43,642
-474
-1% -$21.1K
CNI icon
185
Canadian National Railway
CNI
$76.9B
$1.87M 0.03%
17,288
– –
EVN
186
Eaton Vance Municipal Income Trust
EVN
$415M
$1.83M 0.03%
205,784
– –
PH icon
187
Parker-Hannifin
PH
$121B
$1.81M 0.03%
4,653
– –
MPC icon
188
Marathon Petroleum
MPC
$91.1B
$1.78M 0.03%
11,760
-190
-2% -$26.5K
OEF icon
189
iShares S&P 100 ETF
OEF
$19.9B
$1.67M 0.03%
8,310
+175
+2% +$36.5K
NOC icon
190
Northrop Grumman
NOC
$75.6B
$1.66M 0.03%
3,775
-629
-14% -$276K
ZBH icon
191
Zimmer Biomet
ZBH
$17.9B
$1.64M 0.03%
14,621
-788
-5% -$100K
PSX icon
192
Phillips 66
PSX
$84.2B
$1.57M 0.03%
13,074
+25
+0.2% +$2.81K
HUBB icon
193
Hubbell
HUBB
$25.1B
$1.52M 0.03%
4,844
– –
MAS icon
194
Masco
MAS
$14B
$1.51M 0.03%
28,251
+18
+0.1% +$1.04K
DVY icon
195
iShares Select Dividend ETF
DVY
$23.4B
$1.5M 0.02%
13,933
+242
+2% +$27.5K
GNTX icon
196
Gentex
GNTX
$4.94B
$1.48M 0.02%
45,350
-1,600
-3% -$51.3K
IWR icon
197
iShares Russell Mid-Cap ETF
IWR
$55.7B
$1.43M 0.02%
20,721
– –
VOO icon
198
Vanguard S&P 500 ETF
VOO
$968B
$1.42M 0.02%
3,613
+3
+0.1% +$1.23K
DEO icon
199
Diageo
DEO
$49.1B
$1.36M 0.02%
9,093
-8
-0.1% -$1.34K
DD icon
200
DuPont de Nemours
DD
$18.5B
$1.34M 0.02%
14,278
-52
-0.4% -$4.89K
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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GGHC
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Welch & Forbes's Q3 2023 Portfolio in Review

As of Q3 2023, Welch & Forbes held 382 positions worth $6.05B, down 4.6% from $6.34B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Welch & Forbes's Q3 2023 filing shows 7 new, 100 increased, 189 reduced and 15 closed positions. Its largest new stake was Ginkgo Bioworks: 175,000 shares worth $12.7M. The largest sale was NVIDIA, an estimated $13.8M.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q3 2023 buy was Ginkgo Bioworks: 175,000 shares worth $12.7M.
  • Welch & Forbes added most to NextEra Energy in Q3 2023, an estimated $9.06M increase.
  • Welch & Forbes's biggest Q3 2023 reduction was NVIDIA, cutting an estimated $13.8M.
  • Welch & Forbes fully exited Darden Restaurants in Q3 2023, selling an estimated $427K.
  • Welch & Forbes's ten largest holdings make up 31% of its $6.05B portfolio in Q3 2023.
  • Welch & Forbes opened 7 new positions and closed 15 in Q3 2023.
  • Welch & Forbes's portfolio value fell 4.6% quarter-over-quarter to $6.05B.

Based on Welch & Forbes's 13F filing for Q3 2023, filed 3 Nov 2023.