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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
WAT icon
201
Waters Corp
WAT
$37.3B
$946K 0.03%
5,016
– –
OEF icon
202
iShares S&P 100 ETF
OEF
$19.9B
$939K 0.03%
8,419
– –
VNO icon
203
Vornado Realty Trust
VNO
$7.55B
$933K 0.03%
15,036
– –
IT icon
204
Gartner
IT
$10.2B
$923K 0.03%
7,222
– –
IWB icon
205
iShares Russell 1000 ETF
IWB
$47.9B
$918K 0.03%
6,620
– –
NKE icon
206
Nike
NKE
$62.7B
$849K 0.02%
11,446
-450
-4% -$33.7K
DEO icon
207
Diageo
DEO
$49.5B
$835K 0.02%
5,887
+1,054
+22% +$148K
MET icon
208
MetLife
MET
$62.5B
$816K 0.02%
19,885
-2,305
-10% -$98.9K
IJR icon
209
iShares Core S&P Small-Cap ETF
IJR
$110B
$794K 0.02%
11,456
+6,104
+114% +$472K
CPRT icon
210
Copart
CPRT
$27.4B
$789K 0.02%
66,060
– –
TIP icon
211
iShares TIPS Bond ETF
TIP
$14.5B
$775K 0.02%
7,075
-203
-3% -$22.2K
UNH icon
212
UnitedHealth
UNH
$383B
$749K 0.02%
3,004
-204
-6% -$53.9K
SLCA
213
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
$742K 0.02%
+72,850
New +$1.06M
SPGI icon
214
S&P Global
SPGI
$122B
$735K 0.02%
4,323
-100
-2% -$17.9K
ALL icon
215
Allstate
ALL
$68.3B
$720K 0.02%
8,708
-27
-0.3% -$2.42K
EPD icon
216
Enterprise Products Partners
EPD
$82.5B
$704K 0.02%
28,650
+3,996
+16% +$107K
AWK icon
217
American Water Works
AWK
$26.7B
$695K 0.02%
7,656
– –
TFC icon
218
Truist Financial
TFC
$63.5B
$675K 0.02%
15,590
+5,298
+51% +$254K
UL icon
219
Unilever
UL
$141B
$653K 0.02%
11,107
+49
+0.4% +$2.95K
MDLZ icon
220
Mondelez International
MDLZ
$80.5B
$652K 0.02%
16,290
– –
BMS
221
DELISTED
Bemis
BMS
$648K 0.02%
14,125
-6,355
-31% -$296K
XYL icon
222
Xylem
XYL
$27.3B
$647K 0.02%
9,692
– –
BR icon
223
Broadridge
BR
$17.9B
$643K 0.02%
6,681
– –
ES icon
224
Eversource Energy
ES
$27.8B
$636K 0.02%
9,775
+2,944
+43% +$192K
EWJ icon
225
iShares MSCI Japan ETF
EWJ
$22.1B
$623K 0.02%
12,300
-1,975
-14% -$108K
7 8
9
10 11

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OC
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LGF
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CCM
Causeway Capital Management Los Angeles, California $8.15B AUM 29.28% 1-Year Est. Return
CL
Choreo LLC Rockford, Illinois $8.15B AUM 20.12% 1-Year Est. Return
WJWM
Williams Jones Wealth Management New York $8.14B AUM 19.32% 1-Year Est. Return
WA
Whitebox Advisors Minneapolis, Minnesota $8.12B AUM 15.85% 1-Year Est. Return
GGHC
Gilder Gagnon Howe & Co New York $8.34B AUM 46.58% 1-Year Est. Return
CCM
Coldstream Capital Management Bellevue, Washington $8.12B AUM 17.95% 1-Year Est. Return

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.