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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
BR icon
201
Broadridge
BR
$17.9B
$1.34M 0.02%
7,457
-1
-0% -$177
GLP icon
202
Global Partners
GLP
$1.66B
$1.32M 0.02%
37,420
– –
AMT icon
203
American Tower
AMT
$81.3B
$1.31M 0.02%
7,968
-413
-5% -$75.4K
CHEF icon
204
Chefs' Warehouse
CHEF
$4.58B
$1.31M 0.02%
61,775
+49,080
+387% +$1.5M
TFC icon
205
Truist Financial
TFC
$63.5B
$1.3M 0.02%
45,289
-4,452
-9% -$137K
BX icon
206
Blackstone
BX
$102B
$1.29M 0.02%
11,997
+31
+0.3% +$3.23K
PNC icon
207
PNC Financial Services
PNC
$99.2B
$1.27M 0.02%
10,373
– –
WTS icon
208
Watts Water Technologies
WTS
$11.5B
$1.23M 0.02%
7,138
-36
-0.5% -$6.58K
IWF icon
209
iShares Russell 1000 Growth ETF
IWF
$120B
$1.23M 0.02%
18,520
-9,192
-33% -$635K
GM icon
210
General Motors
GM
$80B
$1.23M 0.02%
37,263
-674
-2% -$23.9K
BLK icon
211
Blackrock
BLK
$170B
$1.2M 0.02%
1,852
+56
+3% +$39.1K
WST icon
212
West Pharmaceutical
WST
$23.9B
$1.2M 0.02%
3,189
+389
+14% +$150K
FAST icon
213
Fastenal
FAST
$53.5B
$1.17M 0.02%
42,930
+5,902
+16% +$168K
DOW icon
214
Dow Inc
DOW
$21.7B
$1.15M 0.02%
22,349
-422
-2% -$22.7K
UL icon
215
Unilever
UL
$141B
$1.15M 0.02%
20,706
-11
-0.1% -$636
JILL icon
216
J. Jill
JILL
$265M
$1.12M 0.02%
38,000
– –
VSS icon
217
Vanguard FTSE All-World ex-US Small-Cap Index Fund
VSS
$11.3B
$1.11M 0.02%
10,440
-500
-5% -$55.5K
VMW
218
DELISTED
VMware, Inc
VMW
$1.07M 0.02%
6,410
-580
-8% -$92.9K
USMV icon
219
iShares MSCI USA Min Vol Factor ETF
USMV
$23.5B
$1.04M 0.02%
14,345
-150
-1% -$11.2K
VEEV icon
220
Veeva Systems
VEEV
$32.7B
$1.04M 0.02%
+5,103
New +$1.03M
WAT icon
221
Waters Corp
WAT
$37.3B
$1.03M 0.02%
3,744
-50
-1% -$13.8K
BSM icon
222
Black Stone Minerals
BSM
$3.14B
$1.02M 0.02%
58,966
– –
EEM icon
223
iShares MSCI Emerging Markets ETF
EEM
$28.6B
$1M 0.02%
26,427
-1,008
-4% -$39.9K
MO icon
224
Altria Group
MO
$113B
$1M 0.02%
23,806
-200
-0.8% -$8.84K
WEC icon
225
WEC Energy
WEC
$35.9B
$987K 0.02%
12,257
+27
+0.2% +$2.35K
7 8
9
10 11

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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.