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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
+8.91%
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
$5.91B
AUM Growth
+$326M
Cap. Flow
-$37.6M
Cap. Flow %
-0.64%
Top 10 Hldgs %
30.4%
Holding
379
New
11
Increased
77
Reduced
181
Closed
14

Top Buys

Rank Stock Value
1
LHX icon
L3Harris
LHX
+$3.27M
2
NEE icon
NextEra Energy
NEE
+$3M
3
FTSL icon
First Trust Senior Loan Fund ETF
FTSL
+$2.36M
4
LECO icon
Lincoln Electric
LECO
+$2.06M
5
ACN icon
Accenture
ACN
+$1.48M

Top Sells

Rank Stock Value
1
MMM icon
3M
MMM
+$8.97M
2
ORLY icon
O'Reilly Automotive
ORLY
+$5M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$4.87M
4
NVDA icon
NVIDIA
NVDA
+$3.74M
5
INTC icon
Intel
INTC
+$3.13M

Sector Composition

Rank Sector Weight
1 Technology 23.2%
2 Healthcare 20.23%
3 Consumer Discretionary 11.59%
4 Financials 11.47%
5 Industrials 8.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAPL icon
1
Apple
AAPL
$4.9T
$302M 5.11%
1,830,311
-17,751
-1% -$2.62M
MSFT icon
2
Microsoft
MSFT
$3.35T
$265M 4.48%
917,600
-932
-0.1% -$238K
ORLY icon
3
O'Reilly Automotive
ORLY
$72.4B
$185M 3.13%
3,268,080
-91,215
-3% -$5M
V icon
4
Visa
V
$673B
$174M 2.95%
773,678
-1,778
-0.2% -$396K
DHR icon
5
Danaher
DHR
$138B
$170M 2.87%
759,562
-2,181
-0.3% -$496K
NVDA icon
6
NVIDIA
NVDA
$4.72T
$156M 2.64%
5,614,690
-172,640
-3% -$3.74M
SYK icon
7
Stryker
SYK
$133B
$152M 2.57%
531,626
-3,173
-0.6% -$842K
ANSS
8
DELISTED
Ansys
ANSS
$140M 2.37%
419,831
-1,194
-0.3% -$337K
HD icon
9
Home Depot
HD
$332B
$129M 2.18%
436,343
-3,390
-0.8% -$1.04M
JNJ icon
10
Johnson & Johnson
JNJ
$617B
$124M 2.1%
798,703
+62
+0% +$10K
GOOG icon
11
Alphabet (Google) Class C
GOOG
$4.08T
$124M 2.09%
1,189,394
+3,579
+0.3% +$346K
PG icon
12
Procter & Gamble
PG
$335B
$120M 2.03%
807,024
-1,168
-0.1% -$167K
RTX icon
13
RTX Corp
RTX
$289B
$113M 1.91%
1,150,834
-4,725
-0.4% -$465K
PEP icon
14
PepsiCo
PEP
$191B
$109M 1.84%
595,479
+10
+0% +$1.75K
FISV
15
Fiserv Inc
FISV
$28.8B
$104M 1.76%
918,388
-825
-0.1% -$90.8K
MTD icon
16
Mettler-Toledo International
MTD
$27.9B
$101M 1.71%
65,867
-1,161
-2% -$1.74M
JPM icon
17
JPMorgan Chase
JPM
$933B
$96M 1.63%
736,759
-334
-0% -$45.8K
MCD icon
18
McDonald's
MCD
$191B
$90.9M 1.54%
324,933
+1,497
+0.5% +$401K
IDXX icon
19
Idexx Laboratories
IDXX
$44.1B
$87.2M 1.48%
174,414
-1,843
-1% -$882K
COST icon
20
Costco
COST
$423B
$85.8M 1.45%
172,597
+1,091
+0.6% +$535K
ROP icon
21
Roper Technologies
ROP
$38.5B
$84.7M 1.43%
192,240
-818
-0.4% -$354K
CB icon
22
Chubb
CB
$135B
$80.2M 1.36%
412,920
+4,395
+1% +$924K
ECL icon
23
Ecolab
ECL
$78.6B
$75.4M 1.28%
455,410
+8,039
+2% +$1.25M
MDY icon
24
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$73.3M 1.24%
159,821
+1,449
+0.9% +$675K
WSO icon
25
Watsco Inc
WSO
$12.8B
$68.4M 1.16%
214,854
+485
+0.2% +$142K
1
2 3 4 5

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Welch & Forbes's Q1 2023 Portfolio in Review

As of Q1 2023, Welch & Forbes held 379 positions worth $5.91B, up 5.8% from $5.58B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Welch & Forbes's Q1 2023 filing shows 11 new, 77 increased, 181 reduced and 14 closed positions. Its largest new stake was GE HealthCare: 12,855 shares worth $1.05M. The largest sale was 3M, an estimated $8.97M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 20% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Welch & Forbes's largest Q1 2023 buy was GE HealthCare: 12,855 shares worth $1.05M.
  • Welch & Forbes added most to L3Harris in Q1 2023, an estimated $3.27M increase.
  • Welch & Forbes's biggest Q1 2023 reduction was 3M, cutting an estimated $8.97M.
  • Welch & Forbes fully exited First Republic Bank in Q1 2023, selling an estimated $967K.
  • Welch & Forbes's ten largest holdings make up 30% of its $5.91B portfolio in Q1 2023.
  • Welch & Forbes opened 11 new positions and closed 14 in Q1 2023.
  • Welch & Forbes's portfolio value rose 5.8% quarter-over-quarter to $5.91B.

Based on Welch & Forbes's 13F filing for Q1 2023, filed 14 Apr 2023.