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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
+11.01%
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
$6.62B
AUM Growth
+$572M
Cap. Flow
-$50.6M
Cap. Flow %
-0.76%
Top 10 Hldgs %
31.91%
Holding
376
New
9
Increased
65
Reduced
200
Closed
10

Top Buys

Rank Stock Value
1
MDY icon
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
+$10.5M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$9.97M
3
VLTO icon
Veralto
VLTO
+$9.58M
4
XYL icon
Xylem
XYL
+$4.34M
5
SHOP icon
Shopify
SHOP
+$2.72M

Top Sells

Rank Stock Value
1
DHR icon
Danaher
DHR
+$19M
2
IWM icon
iShares Russell 2000 ETF
IWM
+$10.4M
3
ORLY icon
O'Reilly Automotive
ORLY
+$3.77M
4
USB icon
US Bancorp
USB
+$3.46M
5
VZ icon
Verizon
VZ
+$3.4M

Sector Composition

Rank Sector Weight
1 Technology 25.56%
2 Healthcare 18.14%
3 Financials 11.75%
4 Consumer Discretionary 11.66%
5 Industrials 8.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VO icon
176
Vanguard Morningstar Mid-Cap ETF
VO
$106B
$2.31M 0.03%
39,652
-1,200
-3% -$64.1K
VTV icon
177
Vanguard Morningstar Value ETF
VTV
$188B
$2.24M 0.03%
15,008
+225
+2% +$31.7K
IWB icon
178
iShares Russell 1000 ETF
IWB
$47.9B
$2.24M 0.03%
8,529
-325
-4% -$79.6K
NVO
179
Novo Nordisk
NVO
$228B
$2.23M 0.03%
21,598
-100
-0.5% -$9.89K
TSLA icon
180
Tesla
TSLA
$1.22T
$2.19M 0.03%
8,818
-10
-0.1% -$2.38K
DE icon
181
Deere & Co
DE
$162B
$2.19M 0.03%
5,470
-24
-0.4% -$9.05K
CNI icon
182
Canadian National Railway
CNI
$76.9B
$2.17M 0.03%
17,288
– –
PH icon
183
Parker-Hannifin
PH
$121B
$2.15M 0.03%
4,658
+5
+0.1% +$2.08K
EFA icon
184
iShares MSCI EAFE ETF
EFA
$78.5B
$2.11M 0.03%
28,058
– –
VOO icon
185
Vanguard S&P 500 ETF
VOO
$972B
$2.1M 0.03%
4,798
+1,185
+33% +$485K
CPRT icon
186
Copart
CPRT
$27.4B
$2.09M 0.03%
42,642
-1,000
-2% -$47.2K
EVN
187
Eaton Vance Municipal Income Trust
EVN
$416M
$2.02M 0.03%
205,784
– –
FAST icon
188
Fastenal
FAST
$53.5B
$2M 0.03%
61,644
+18,714
+44% +$564K
OEF icon
189
iShares S&P 100 ETF
OEF
$19.9B
$1.86M 0.03%
8,310
– –
APTV icon
190
Aptiv
APTV
$12.3B
$1.85M 0.03%
20,632
-237
-1% -$20.4K
MAS icon
191
Masco
MAS
$14.2B
$1.82M 0.03%
27,121
-1,130
-4% -$65.6K
MPC icon
192
Marathon Petroleum
MPC
$91.7B
$1.74M 0.03%
11,760
– –
AMT icon
193
American Tower
AMT
$81.3B
$1.72M 0.03%
7,948
-20
-0.3% -$3.78K
NOC icon
194
Northrop Grumman
NOC
$76B
$1.7M 0.03%
3,634
-141
-4% -$66.1K
PYPL icon
195
PayPal
PYPL
$49.3B
$1.69M 0.03%
27,499
-7,810
-22% -$447K
USB icon
196
US Bancorp
USB
$98B
$1.63M 0.02%
37,767
-94,633
-71% -$3.46M
TFC icon
197
Truist Financial
TFC
$63.5B
$1.62M 0.02%
43,994
-1,295
-3% -$40.7K
IWR icon
198
iShares Russell Mid-Cap ETF
IWR
$56.1B
$1.61M 0.02%
20,721
– –
PNC icon
199
PNC Financial Services
PNC
$99.2B
$1.61M 0.02%
10,373
– –
HUBB icon
200
Hubbell
HUBB
$25B
$1.59M 0.02%
4,844
– –
6 7
8
9 10

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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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GGHC
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CCM
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Welch & Forbes's Q4 2023 Portfolio in Review

As of Q4 2023, Welch & Forbes held 376 positions worth $6.62B, up 9.5% from $6.05B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Welch & Forbes's Q4 2023 filing shows 9 new, 65 increased, 200 reduced and 10 closed positions. Its largest new stake was Veralto: 128,298 shares worth $10.6M. The largest sale was Danaher, an estimated $19M.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.

  • Welch & Forbes's largest Q4 2023 buy was Veralto: 128,298 shares worth $10.6M.
  • Welch & Forbes added most to State Street SPDR S&P MIDCAP 400 ETF Trust in Q4 2023, an estimated $10.5M increase.
  • Welch & Forbes's biggest Q4 2023 reduction was Danaher, cutting an estimated $19M.
  • Welch & Forbes fully exited Kinsale Capital Group in Q4 2023, selling an estimated $2.39M.
  • Welch & Forbes's ten largest holdings make up 32% of its $6.62B portfolio in Q4 2023.
  • Welch & Forbes opened 9 new positions and closed 10 in Q4 2023.
  • Welch & Forbes's portfolio value rose 9.5% quarter-over-quarter to $6.62B.

Based on Welch & Forbes's 13F filing for Q4 2023, filed 6 Feb 2024.