Welch & Forbes LLC
- SEC CIK
- 0000105495
- Latest filing
- Jul 30, 2026
Holdings in Q2 2023
Holdings as of Jun 30, 2023, filed Jul 28, 2023. Long positions only; changes compare share counts with Q1 2023.
- Positions
- 375
- +10 vs. Q1 2023
- Portfolio value
- $6.34B
- +$434.2M (+7.4%) vs. Q1 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| AAPLApple Inc. | Stock | 1,796,581 | $348.5M | 5.5% | −33,730−1.8% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 914,449 | $311.4M | 4.9% | −3,151−0.3% | Reduced | History |
| NVDANVIDIA Corp | Stock | 544,036 | $230.1M | 3.6% | −17,433−3.1% | Reduced | History |
| ORLYO Reilly Automotive Inc | Stock | 214,257 | $204.7M | 3.2% | −3,615−1.7% | Reduced | History |
| VVisa Inc. | Stock | 767,368 | $182.2M | 2.9% | −6,310−0.8% | Reduced | History |
| DHRDanaher Corp | Stock | 674,568 | $161.9M | 2.6% | +1,197+0.2% | Added | History |
| SYKStryker Corp | Stock | 526,394 | $160.6M | 2.5% | −5,232−1.0% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 1,184,599 | $143.3M | 2.3% | −4,795−0.4% | Reduced | History |
| ANSSAnsys Inc | COM | 416,263 | $137.5M | 2.2% | −3,568−0.8% | Reduced | History |
| HDHome Depot, Inc. | Stock | 434,444 | $135.0M | 2.1% | −1,899−0.4% | Reduced | History |
| JNJJohnson & Johnson | Stock | 796,658 | $131.9M | 2.1% | −2,045−0.3% | Reduced | History |
| PGProcter & Gamble Co | Stock | 808,690 | $122.7M | 1.9% | +1,666+0.2% | Added | History |
| FISVFiserv Inc | Stock | 912,463 | $115.1M | 1.8% | −5,925−0.6% | Reduced | History |
| RTXRTX Corp | Stock | 1,156,241 | $113.3M | 1.8% | +5,407+0.5% | Added | History |
| PEPPepsiCo Inc | Stock | 593,884 | $110.0M | 1.7% | −1,595−0.3% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 730,432 | $106.2M | 1.7% | −6,327−0.9% | Reduced | History |
| MCDMcDonalds Corp | Stock | 323,133 | $96.4M | 1.5% | −1,800−0.6% | Reduced | History |
| COSTCostco Wholesale Corp | Stock | 172,811 | $93.0M | 1.5% | +214+0.1% | Added | History |
| ROPRoper Technologies Inc | Stock | 191,600 | $92.1M | 1.5% | −640−0.3% | Reduced | History |
| IDXXIDEXX Laboratories Inc | COM | 173,306 | $87.0M | 1.4% | −1,108−0.6% | Reduced | History |
| MTDMettler Toledo International Inc | COM | 64,985 | $85.2M | 1.3% | −882−1.3% | Reduced | History |
| ECLEcolab Inc. | Stock | 456,122 | $85.2M | 1.3% | +712+0.2% | Added | History |
| WSOWatsco Inc | COM | 212,373 | $81.0M | 1.3% | −2,481−1.2% | Reduced | History |
| CBChubb Ltd | Stock | 414,375 | $79.8M | 1.3% | +1,455+0.4% | Added | History |
| KMXCarMax Inc | COM | 923,448 | $77.3M | 1.2% | −15,279−1.6% | Reduced | History |
| MDYSPDR S&P Midcap 400 ETF Trust | ETF | 161,265 | $77.2M | 1.2% | +1,444+0.9% | Added | History |
| ABTAbbott Laboratories | Stock | 646,534 | $70.5M | 1.1% | +406+0.1% | Added | History |
| RMDResmed Inc | COM | 308,206 | $67.3M | 1.1% | +2,686+0.9% | Added | History |
| TJXTJX Companies Inc | Stock | 791,406 | $67.1M | 1.1% | −2,878−0.4% | Reduced | History |
| AMPAmeriprise Financial Inc | COM | 200,845 | $66.7M | 1.1% | −1,276−0.6% | Reduced | History |
| AJGArthur J. Gallagher & Co. | COM | 296,714 | $65.1M | 1.0% | −2,641−0.9% | Reduced | History |
| VRTXVertex Pharmaceuticals Inc | Stock | 184,804 | $65.0M | 1.0% | −1,414−0.8% | Reduced | History |
| CVXChevron Corp | Stock | 381,588 | $60.0M | 0.9% | +4,778+1.3% | Added | History |
| LLYEli Lilly & Co | Stock | 121,857 | $57.1M | 0.9% | −971−0.8% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 432,821 | $56.4M | 0.9% | +3,918+0.9% | Added | History |
| ADPAutomatic Data Processing Inc | Stock | 253,279 | $55.7M | 0.9% | +832+0.3% | Added | History |
| GOOGLAlphabet Inc. | Stock | 464,679 | $55.6M | 0.9% | +5,479+1.2% | Added | History |
| ABBVAbbVie Inc. | Stock | 402,309 | $54.2M | 0.9% | −4,992−1.2% | Reduced | History |
| CMCSAComcast Corp | Stock | 1,226,874 | $51.0M | 0.8% | −7,573−0.6% | Reduced | History |
| PAYXPaychex Inc | Stock | 421,978 | $47.2M | 0.7% | −5,817−1.4% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 136,267 | $46.5M | 0.7% | +2,163+1.6% | Added | History |
| MRKMerck & Co., Inc. | Stock | 397,874 | $45.9M | 0.7% | −2,804−0.7% | Reduced | History |
| ADBEAdobe Inc. | Stock | 92,615 | $45.3M | 0.7% | +2,300+2.5% | Added | History |
| CHDChurch & Dwight Co Inc | COM | 439,227 | $44.0M | 0.7% | −2,693−0.6% | Reduced | History |
| TMOThermo Fisher Scientific Inc. | Stock | 83,985 | $43.8M | 0.7% | +1,642+2.0% | Added | History |
| IRMIron Mountain Inc | COM | 744,524 | $42.3M | 0.7% | −1610.0% | Reduced | History |
| AOSSmith A O Corp | COM | 542,369 | $39.5M | 0.6% | +4,009+0.7% | Added | History |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 790,507 | $36.5M | 0.6% | +15,874+2.0% | Added | – |
| XOMExxonMobil Holdings Corp | COM | 323,948 | $34.7M | 0.5% | −355−0.1% | Reduced | History |
| LECOLincoln Electric Holdings Inc | COM | 171,725 | $34.1M | 0.5% | +4,980+3.0% | Added | History |
| BACBank of America Corp | Stock | 1,165,185 | $33.4M | 0.5% | +12,075+1.0% | Added | History |
| LINLinde PLC | Stock | 86,448 | $32.9M | 0.5% | +546+0.6% | Added | History |
| ACNAccenture plc | Stock | 106,511 | $32.9M | 0.5% | +4,784+4.7% | Added | History |
| CSCOCisco Systems, Inc. | Stock | 622,804 | $32.2M | 0.5% | +11,095+1.8% | Added | History |
| AFLAflac Inc | Stock | 452,998 | $31.6M | 0.5% | −11,463−2.5% | Reduced | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 1,152,102 | $31.1M | 0.5% | −10,665−0.9% | Reduced | – |
| VZVerizon Communications Inc | Stock | 811,833 | $30.2M | 0.5% | +8,515+1.1% | Added | History |
| METAMeta Platforms, Inc. | Stock | 101,279 | $29.1M | 0.5% | −492−0.5% | Reduced | History |
| OTISOtis Worldwide Corp | Stock | 303,676 | $27.0M | 0.4% | −1,824−0.6% | Reduced | History |
| NEENextera Energy Inc | Stock | 357,700 | $26.5M | 0.4% | +27,922+8.5% | Added | History |
| OMCOmnicom Group Inc. | COM | 278,312 | $26.5M | 0.4% | +1150.0% | Added | History |
| SBUXStarbucks Corp | Stock | 266,404 | $26.4M | 0.4% | +2,733+1.0% | Added | History |
| WMTWalmart Inc. | Stock | 165,107 | $26.0M | 0.4% | +1,053+0.6% | Added | History |
| EWEdwards Lifesciences Corp | Stock | 271,822 | $25.6M | 0.4% | −1,075−0.4% | Reduced | History |
| DOVDOVER Corp | COM | 169,726 | $25.1M | 0.4% | +772+0.5% | Added | History |
| First Tr Exchange-Traded FD33738D309 | SENIOR LN FD | 542,304 | $24.6M | 0.4% | +36,071+7.1% | Added | – |
| iShares Tr464288687 | PFD AND INCM SEC | 784,752 | $24.3M | 0.4% | −47,213−5.7% | Reduced | – |
| BALLBALL Corp | COM | 400,642 | $23.3M | 0.4% | −16,418−3.9% | Reduced | History |
| BKNGBooking Holdings Inc. | Stock | 8,614 | $23.3M | 0.4% | −41−0.5% | Reduced | History |
| LHXL3HARRIS Technologies, Inc. | Stock | 118,317 | $23.2M | 0.4% | +4,004+3.5% | Added | History |
| BDXBecton Dickinson & Co | Stock | 87,481 | $23.1M | 0.4% | −1,562−1.8% | Reduced | History |
| KOCoca Cola Co | Stock | 361,013 | $21.7M | 0.3% | +8,297+2.4% | Added | History |
| CTASCintas Corp | Stock | 43,642 | $21.7M | 0.3% | −579−1.3% | Reduced | History |
| TDToronto Dominion Bank | Stock | 341,211 | $21.2M | 0.3% | −12,093−3.4% | Reduced | History |
| PFEPfizer Inc | Stock | 574,602 | $21.1M | 0.3% | −5,909−1.0% | Reduced | History |
| AWKAmerican Water Works Company, Inc. | Stock | 144,505 | $20.6M | 0.3% | −2,292−1.6% | Reduced | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 46,208 | $20.5M | 0.3% | −220.0% | Reduced | History |
| STZConstellation Brands, Inc. | Stock | 77,833 | $19.2M | 0.3% | +1,138+1.5% | Added | History |
| QCOMQualcomm Inc | Stock | 158,862 | $18.9M | 0.3% | −713−0.4% | Reduced | History |
| GSKGSK plc | ADR | 520,977 | $18.6M | 0.3% | −1240.0% | Reduced | History |
| CSLCarlisle Companies Inc | COM | 72,003 | $18.5M | 0.3% | +8,224+12.9% | Added | History |
| CGNXCognex Corp | COM | 318,342 | $17.8M | 0.3% | +7,729+2.5% | Added | History |
| iShares Russell 2000 ETF464287655 | ETF | 92,658 | $17.4M | 0.3% | +2,415+2.7% | Added | – |
| TSCOTractor Supply Co | COM | 76,988 | $17.0M | 0.3% | +681+0.9% | Added | History |
| EXPDExpeditors International of Washington Inc | COM | 136,558 | $16.5M | 0.3% | −1,654−1.2% | Reduced | History |
| AXPAmerican Express Co | Stock | 91,162 | $15.9M | 0.3% | +929+1.0% | Added | History |
| INTCIntel Corp | Stock | 459,303 | $15.4M | 0.2% | −10,180−2.2% | Reduced | History |
| ORCLOracle Corp | Stock | 120,859 | $14.4M | 0.2% | −1,026−0.8% | Reduced | History |
| BSXBoston Scientific Corp | Stock | 256,614 | $13.9M | 0.2% | +1,667+0.7% | Added | History |
| MZTIMarzetti Co | COM | 67,345 | $13.5M | 0.2% | −665−1.0% | Reduced | History |
| MCOMoodys Corp | Stock | 38,507 | $13.4M | 0.2% | +162+0.4% | Added | History |
| iShares Iboxx $ Investment Grade Corporate Bond ETF464287242 | ETF | 121,324 | $13.1M | 0.2% | −14,191−10.5% | Reduced | – |
| EMREmerson Electric Co | Stock | 142,919 | $12.9M | 0.2% | −222−0.2% | Reduced | History |
| UPSUnited Parcel Service Inc | Stock | 71,207 | $12.8M | 0.2% | −1,173−1.6% | Reduced | History |
| CMICummins Inc | Stock | 51,591 | $12.6M | 0.2% | +179+0.3% | Added | History |
| APDAir Products & Chemicals, Inc. | Stock | 39,797 | $11.9M | 0.2% | −97−0.2% | Reduced | History |
| MDTMedtronic plc | Stock | 122,386 | $10.8M | 0.2% | +1,135+0.9% | Added | History |
| CARRCarrier Global Corp | Stock | 211,939 | $10.5M | 0.2% | −64,809−23.4% | Reduced | History |
| FTVFortive Corp | Stock | 139,168 | $10.4M | 0.2% | +259+0.2% | Added | History |
| BMYBristol Myers Squibb Co | Stock | 160,194 | $10.2M | 0.2% | −2,797−1.7% | Reduced | History |
Sold out since Q1 2023 (6)
Positions held at the end of Q1 2023 that are gone from this filing.
| Security | Class | Shares in Q1 2023 | Value in Q1 2023 | % of portfolio in Q1 2023 | History |
|---|---|---|---|---|---|
| Danaher Corp235851409 | 5% CONV PFD B | 400 | $509.7K | <0.1% | – |
| SPDR Ser Tr78464A813 | S&P 600 SML CAP | 5,015 | $421.4K | <0.1% | – |
| Vanguard High Dividend Yield Index ETF921946406 | ETF | 3,104 | $327.5K | <0.1% | – |
| Vanguard Intl Equity Index F922042874 | FTSE EUROPE ETF | 3,675 | $224.0K | <0.1% | – |
| WPCW. P. Carey Inc. | COM | 2,760 | $213.8K | <0.1% | History |
| TXTTextron Inc | COM | 2,899 | $204.8K | <0.1% | History |