Welch & Forbes LLC
- SEC CIK
- 0000105495
- Latest filing
- Jul 30, 2026
Holdings in Q4 2022
Holdings as of Dec 31, 2022, filed Feb 2, 2023. Long positions only; changes compare share counts with Q3 2022.
- Positions
- 368
- −2 vs. Q3 2022
- Portfolio value
- $5.58B
- +$458.8M (+9.0%) vs. Q3 2022
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| AAPLApple Inc. | Stock | 1,848,062 | $240.1M | 4.3% | −7,504−0.4% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 918,532 | $220.3M | 3.9% | −3,061−0.3% | Reduced | History |
| ORLYO Reilly Automotive Inc | Stock | 223,953 | $189.0M | 3.4% | −4,264−1.9% | Reduced | History |
| DHRDanaher Corp | Stock | 675,304 | $179.2M | 3.2% | −6,667−1.0% | Reduced | History |
| VVisa Inc. | Stock | 775,456 | $161.1M | 2.9% | −4,039−0.5% | Reduced | History |
| JNJJohnson & Johnson | Stock | 798,641 | $141.1M | 2.5% | −2,670−0.3% | Reduced | History |
| HDHome Depot, Inc. | Stock | 439,733 | $138.9M | 2.5% | −2,443−0.6% | Reduced | History |
| SYKStryker Corp | Stock | 534,799 | $130.8M | 2.3% | −841−0.2% | Reduced | History |
| PGProcter & Gamble Co | Stock | 808,192 | $122.5M | 2.2% | +2,293+0.3% | Added | History |
| RTXRTX Corp | Stock | 1,155,559 | $116.6M | 2.1% | +3,680+0.3% | Added | History |
| PEPPepsiCo Inc | Stock | 595,469 | $107.6M | 1.9% | −2,589−0.4% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 1,185,815 | $105.2M | 1.9% | −11,002−0.9% | Reduced | History |
| ANSSAnsys Inc | COM | 421,025 | $101.7M | 1.8% | −4,101−1.0% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 737,093 | $98.8M | 1.8% | +1,452+0.2% | Added | History |
| MTDMettler Toledo International Inc | COM | 67,028 | $96.9M | 1.7% | −376−0.6% | Reduced | History |
| FISVFiserv Inc | Stock | 919,213 | $92.9M | 1.7% | −8,524−0.9% | Reduced | History |
| CBChubb Ltd | Stock | 408,525 | $90.1M | 1.6% | −1,895−0.5% | Reduced | History |
| MCDMcDonalds Corp | Stock | 323,436 | $85.2M | 1.5% | +204+0.1% | Added | History |
| NVDANVIDIA Corp | Stock | 578,733 | $84.6M | 1.5% | −6,629−1.1% | Reduced | History |
| ROPRoper Technologies Inc | Stock | 193,058 | $83.4M | 1.5% | −1,714−0.9% | Reduced | History |
| COSTCostco Wholesale Corp | Stock | 171,506 | $78.3M | 1.4% | +740+0.4% | Added | History |
| IDXXIDEXX Laboratories Inc | COM | 176,257 | $71.9M | 1.3% | −2,274−1.3% | Reduced | History |
| ABTAbbott Laboratories | Stock | 647,270 | $71.1M | 1.3% | −1,913−0.3% | Reduced | History |
| MDYSPDR S&P Midcap 400 ETF Trust | ETF | 158,372 | $70.1M | 1.3% | −2,320−1.4% | Reduced | History |
| ABBVAbbVie Inc. | Stock | 415,464 | $67.1M | 1.2% | +1,843+0.4% | Added | History |
| CVXChevron Corp | Stock | 372,743 | $66.9M | 1.2% | −1060.0% | Reduced | History |
| ECLEcolab Inc. | Stock | 447,371 | $65.1M | 1.2% | −10,534−2.3% | Reduced | History |
| AMPAmeriprise Financial Inc | COM | 206,058 | $64.2M | 1.1% | −4,064−1.9% | Reduced | History |
| RMDResmed Inc | COM | 306,332 | $63.8M | 1.1% | −6,062−1.9% | Reduced | History |
| TJXTJX Companies Inc | Stock | 798,152 | $63.5M | 1.1% | −567−0.1% | Reduced | History |
| ADPAutomatic Data Processing Inc | Stock | 253,630 | $60.6M | 1.1% | −2,825−1.1% | Reduced | History |
| KMXCarMax Inc | COM | 957,855 | $58.3M | 1.0% | −61,187−6.0% | Reduced | History |
| AJGArthur J. Gallagher & Co. | COM | 294,108 | $55.5M | 1.0% | −3,022−1.0% | Reduced | History |
| VRTXVertex Pharmaceuticals Inc | Stock | 188,171 | $54.3M | 1.0% | −1,287−0.7% | Reduced | History |
| WSOWatsco Inc | COM | 214,369 | $53.5M | 1.0% | −4,055−1.9% | Reduced | History |
| PAYXPaychex Inc | Stock | 437,473 | $50.6M | 0.9% | −569−0.1% | Reduced | History |
| MRKMerck & Co., Inc. | Stock | 404,742 | $44.9M | 0.8% | −377−0.1% | Reduced | History |
| TMOThermo Fisher Scientific Inc. | Stock | 81,069 | $44.6M | 0.8% | −307−0.4% | Reduced | History |
| LLYEli Lilly & Co | Stock | 121,244 | $44.4M | 0.8% | −350−0.3% | Reduced | History |
| CMCSAComcast Corp | Stock | 1,220,727 | $42.7M | 0.8% | −102,134−7.7% | Reduced | History |
| GOOGLAlphabet Inc. | Stock | 464,469 | $41.0M | 0.7% | −3,337−0.7% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 132,280 | $40.9M | 0.7% | −1,612−1.2% | Reduced | History |
| BACBank of America Corp | Stock | 1,146,397 | $38.0M | 0.7% | −4,255−0.4% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 340,365 | $37.5M | 0.7% | +3,801+1.1% | Added | History |
| IRMIron Mountain Inc | COM | 750,145 | $37.4M | 0.7% | +12,087+1.6% | Added | History |
| CHDChurch & Dwight Co Inc | COM | 442,508 | $35.7M | 0.6% | −2,776−0.6% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 422,633 | $35.5M | 0.6% | −21,390−4.8% | Reduced | History |
| AFLAflac Inc | Stock | 481,773 | $34.7M | 0.6% | −13,063−2.6% | Reduced | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 1,170,573 | $31.2M | 0.6% | +2,228+0.2% | Added | – |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 743,970 | $31.2M | 0.6% | +180,889+32.1% | Added | – |
| VZVerizon Communications Inc | Stock | 768,799 | $30.3M | 0.5% | +11,742+1.6% | Added | History |
| AOSSmith A O Corp | COM | 523,771 | $30.0M | 0.5% | +10,644+2.1% | Added | History |
| PFEPfizer Inc | Stock | 584,126 | $29.9M | 0.5% | +4,451+0.8% | Added | History |
| CSCOCisco Systems, Inc. | Stock | 609,764 | $29.0M | 0.5% | +6,606+1.1% | Added | History |
| ADBEAdobe Inc. | Stock | 86,205 | $29.0M | 0.5% | −4,924−5.4% | Reduced | History |
| LINLinde PLC | SHS | 83,349 | $27.2M | 0.5% | −143−0.2% | Reduced | History |
| iShares Tr464288687 | PFD AND INCM SEC | 885,698 | $27.0M | 0.5% | −75,788−7.9% | Reduced | – |
| SBUXStarbucks Corp | Stock | 260,717 | $25.9M | 0.5% | +3,743+1.5% | Added | History |
| ACNAccenture plc | Stock | 96,283 | $25.7M | 0.5% | +712+0.7% | Added | History |
| NEENextera Energy Inc | Stock | 290,705 | $24.3M | 0.4% | +11,925+4.3% | Added | History |
| OTISOtis Worldwide Corp | Stock | 310,217 | $24.3M | 0.4% | −3,455−1.1% | Reduced | History |
| TDToronto Dominion Bank | Stock | 355,993 | $23.1M | 0.4% | −2,350−0.7% | Reduced | History |
| WMTWalmart Inc. | Stock | 162,279 | $23.0M | 0.4% | +1,272+0.8% | Added | History |
| DOVDOVER Corp | COM | 169,237 | $22.9M | 0.4% | −3,087−1.8% | Reduced | History |
| BDXBecton Dickinson & Co | Stock | 89,651 | $22.8M | 0.4% | −108−0.1% | Reduced | History |
| OMCOmnicom Group Inc. | COM | 279,097 | $22.8M | 0.4% | −1,046−0.4% | Reduced | History |
| AWKAmerican Water Works Company, Inc. | Stock | 147,930 | $22.5M | 0.4% | −4,634−3.0% | Reduced | History |
| KOCoca Cola Co | Stock | 352,767 | $22.4M | 0.4% | +820.0% | Added | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 58,433 | $22.3M | 0.4% | +14,419+32.8% | Added | History |
| LECOLincoln Electric Holdings Inc | COM | 154,247 | $22.3M | 0.4% | +68,084+79.0% | Added | History |
| BALLBALL Corp | COM | 405,170 | $20.7M | 0.4% | −123,287−23.3% | Reduced | History |
| LHXL3HARRIS Technologies, Inc. | Stock | 98,302 | $20.5M | 0.4% | +3,444+3.6% | Added | History |
| EWEdwards Lifesciences Corp | Stock | 272,669 | $20.3M | 0.4% | −4,792−1.7% | Reduced | History |
| First Tr Exchange-Traded FD33738D309 | SENIOR LN FD | 454,201 | $20.3M | 0.4% | −120,124−20.9% | Reduced | – |
| CTASCintas Corp | Stock | 43,574 | $19.7M | 0.4% | −70−0.2% | Reduced | History |
| MMM3M Co | Stock | 163,658 | $19.6M | 0.4% | −3,523−2.1% | Reduced | History |
| GSKGSK plc | ADR | 521,101 | $18.3M | 0.3% | +521,101 | New | History |
| STZConstellation Brands, Inc. | Stock | 77,223 | $17.9M | 0.3% | +366+0.5% | Added | History |
| BKNGBooking Holdings Inc. | Stock | 8,741 | $17.6M | 0.3% | −246−2.7% | Reduced | History |
| QCOMQualcomm Inc | Stock | 159,859 | $17.6M | 0.3% | −1,111−0.7% | Reduced | History |
| TSCOTractor Supply Co | COM | 72,425 | $16.3M | 0.3% | +893+1.2% | Added | History |
| INTCIntel Corp | Stock | 579,881 | $15.3M | 0.3% | −47,236−7.5% | Reduced | History |
| iShares Russell 2000 ETF464287655 | ETF | 84,836 | $14.8M | 0.3% | −3,672−4.1% | Reduced | – |
| CGNXCognex Corp | COM | 312,333 | $14.7M | 0.3% | −2,235−0.7% | Reduced | History |
| EXPDExpeditors International of Washington Inc | COM | 140,007 | $14.5M | 0.3% | −3,440−2.4% | Reduced | History |
| iShares Iboxx $ Investment Grade Corporate Bond ETF464287242 | ETF | 137,105 | $14.5M | 0.3% | −13,381−8.9% | Reduced | – |
| EMREmerson Electric Co | Stock | 143,216 | $13.8M | 0.2% | −4,624−3.1% | Reduced | History |
| CSLCarlisle Companies Inc | COM | 58,179 | $13.7M | 0.2% | +1,481+2.6% | Added | History |
| AXPAmerican Express Co | Stock | 90,631 | $13.4M | 0.2% | +243+0.3% | Added | History |
| MZTIMarzetti Co | COM | 66,020 | $13.0M | 0.2% | −602−0.9% | Reduced | History |
| UPSUnited Parcel Service Inc | Stock | 73,799 | $12.8M | 0.2% | +1,502+2.1% | Added | History |
| METAMeta Platforms, Inc. | Stock | 104,950 | $12.6M | 0.2% | −71,503−40.5% | Reduced | History |
| CMICummins Inc | Stock | 51,458 | $12.5M | 0.2% | +470+0.9% | Added | History |
| APDAir Products & Chemicals, Inc. | Stock | 40,182 | $12.4M | 0.2% | 00.0% | Unchanged | History |
| BSXBoston Scientific Corp | Stock | 263,167 | $12.2M | 0.2% | −583−0.2% | Reduced | History |
| BMYBristol Myers Squibb Co | Stock | 168,006 | $12.1M | 0.2% | +3,127+1.9% | Added | History |
| CVSCVS Health Corp | Stock | 128,915 | $12.0M | 0.2% | +99+0.1% | Added | History |
| CARRCarrier Global Corp | Stock | 278,258 | $11.5M | 0.2% | −4,925−1.7% | Reduced | History |
| IBMInternational Business Machines Corp | Stock | 75,390 | $10.6M | 0.2% | −2,774−3.5% | Reduced | History |
| MDTMedtronic plc | Stock | 133,737 | $10.4M | 0.2% | −7,343−5.2% | Reduced | History |
Sold out since Q3 2022 (21)
Positions held at the end of Q3 2022 that are gone from this filing.
| Security | Class | Shares in Q3 2022 | Value in Q3 2022 | % of portfolio in Q3 2022 | History |
|---|---|---|---|---|---|
| WisdomTree Tr97717W851 | JAPN HEDGE EQT | 113,501 | $7.00M | 0.1% | – |
| Vanguard BD Index FDS92203C303 | VANGUARD ULTRA | 72,808 | $3.56M | 0.1% | – |
| NVGNuveen AMT-Free Municipal Credit Income Fund | CEF | 191,610 | $2.24M | <0.1% | History |
| UBERUber Technologies, Inc | Stock | 28,160 | $746.0K | <0.1% | History |
| VNTVontier Corp | Stock | 22,578 | $377.0K | <0.1% | History |
| iShares Tr46435U218 | ESG MSCI LEADR | 4,876 | $301.0K | <0.1% | – |
| LGNDLigand Pharmaceuticals Inc | COM NEW | 3,150 | $271.0K | <0.1% | History |
| SRESempra | Stock | 1,798 | $269.0K | <0.1% | History |
| First Tr Exchange Traded FD33734X143 | HLTH CARE ALPH | 2,717 | $264.0K | <0.1% | – |
| LNCLincoln National Corp | COM | 6,000 | $263.0K | <0.1% | History |
| SMGScotts Miracle-Gro Co | Stock | 5,650 | $241.0K | <0.1% | History |
| TWTRTwitter, Inc. | COM | 5,500 | $241.0K | <0.1% | History |
| Vanguard Mun BD FDS922907746 | TAX EXEMPT BD | 4,808 | $232.0K | <0.1% | – |
| iShares Tr464288588 | MBS ETF | 2,479 | $228.0K | <0.1% | – |
| ENTGEntegris Inc | COM | 2,700 | $224.0K | <0.1% | History |
| DSGXDescartes Systems Group Inc | COM | 3,500 | $222.0K | <0.1% | History |
| BOHBank of Hawaii Corp | COM | 2,780 | $212.0K | <0.1% | History |
| XRAYDentsply Sirona Inc. | Stock | 7,206 | $204.0K | <0.1% | History |
| BLDQXO Insulation, LLC | Stock | 1,222 | $201.0K | <0.1% | History |
| FORMFormfactor Inc | COM | 8,000 | $200.0K | <0.1% | History |
| VODVodafone Group Public Ltd Co | ADR | 12,502 | $142.0K | <0.1% | History |