Welch & Forbes LLC
- SEC CIK
- 0000105495
- Latest filing
- Jul 30, 2026
Holdings in Q4 2023
Holdings as of Dec 31, 2023, filed Feb 6, 2024. Long positions only; changes compare share counts with Q3 2023.
- Positions
- 366
- −1 vs. Q3 2023
- Portfolio value
- $6.62B
- +$572.2M (+9.5%) vs. Q3 2023
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| AAPLApple Inc. | Stock | 1,781,734 | $343.0M | 5.2% | −3,528−0.2% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 904,798 | $340.2M | 5.1% | −3940.0% | Reduced | History |
| NVDANVIDIA Corp | Stock | 514,336 | $254.7M | 3.8% | +1,170+0.2% | Added | History |
| ORLYO Reilly Automotive Inc | Stock | 208,896 | $198.5M | 3.0% | −3,974−1.9% | Reduced | History |
| VVisa Inc. | Stock | 757,672 | $197.3M | 3.0% | −4,295−0.6% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 1,173,231 | $165.3M | 2.5% | +921+0.1% | Added | History |
| SYKStryker Corp | Stock | 524,321 | $157.0M | 2.4% | +1220.0% | Added | History |
| DHRDanaher Corp | Stock | 673,433 | $155.8M | 2.4% | −2,903−0.4% | Reduced | History |
| ANSSAnsys Inc | COM | 415,336 | $150.7M | 2.3% | −1,063−0.3% | Reduced | History |
| HDHome Depot, Inc. | Stock | 431,719 | $149.6M | 2.3% | −1,226−0.3% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 722,717 | $122.9M | 1.9% | −3,361−0.5% | Reduced | History |
| FISVFiserv Inc | Stock | 912,559 | $121.2M | 1.8% | +3,721+0.4% | Added | History |
| JNJJohnson & Johnson | Stock | 768,845 | $120.5M | 1.8% | −14,706−1.9% | Reduced | History |
| PGProcter & Gamble Co | Stock | 800,581 | $117.3M | 1.8% | −5,396−0.7% | Reduced | History |
| COSTCostco Wholesale Corp | Stock | 171,314 | $113.1M | 1.7% | +1,157+0.7% | Added | History |
| ROPRoper Technologies Inc | Stock | 195,657 | $106.7M | 1.6% | +1,122+0.6% | Added | History |
| PEPPepsiCo Inc | Stock | 591,301 | $100.4M | 1.5% | −1,060−0.2% | Reduced | History |
| RTXRTX Corp | Stock | 1,172,281 | $98.6M | 1.5% | +2910.0% | Added | History |
| IDXXIDEXX Laboratories Inc | COM | 171,311 | $95.1M | 1.4% | −1,118−0.6% | Reduced | History |
| MCDMcDonalds Corp | Stock | 320,213 | $94.9M | 1.4% | −3,072−1.0% | Reduced | History |
| CBChubb Ltd | Stock | 415,828 | $94.0M | 1.4% | −1,096−0.3% | Reduced | History |
| MDYSPDR S&P Midcap 400 ETF Trust | ETF | 185,128 | $93.9M | 1.4% | +22,569+13.9% | Added | History |
| ECLEcolab Inc. | Stock | 467,365 | $92.7M | 1.4% | +4,962+1.1% | Added | History |
| WSOWatsco Inc | COM | 213,689 | $91.6M | 1.4% | +1,293+0.6% | Added | History |
| LLYEli Lilly & Co | Stock | 133,093 | $77.6M | 1.2% | +3,340+2.6% | Added | History |
| MTDMettler Toledo International Inc | COM | 63,931 | $77.5M | 1.2% | −1,028−1.6% | Reduced | History |
| VRTXVertex Pharmaceuticals Inc | Stock | 188,387 | $76.7M | 1.2% | +3,317+1.8% | Added | History |
| AMPAmeriprise Financial Inc | COM | 196,563 | $74.7M | 1.1% | −2,014−1.0% | Reduced | History |
| TJXTJX Companies Inc | Stock | 791,574 | $74.3M | 1.1% | −2,122−0.3% | Reduced | History |
| ABTAbbott Laboratories | Stock | 638,659 | $70.3M | 1.1% | −3,769−0.6% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 448,884 | $68.2M | 1.0% | +6,170+1.4% | Added | History |
| KMXCarMax Inc | COM | 886,947 | $68.1M | 1.0% | −27,609−3.0% | Reduced | History |
| AJGArthur J. Gallagher & Co. | COM | 301,128 | $67.7M | 1.0% | +6,478+2.2% | Added | History |
| GOOGLAlphabet Inc. | Stock | 454,120 | $63.4M | 1.0% | −3,738−0.8% | Reduced | History |
| ABBVAbbVie Inc. | Stock | 381,976 | $59.2M | 0.9% | −13,090−3.3% | Reduced | History |
| CVXChevron Corp | Stock | 391,427 | $58.4M | 0.9% | +1470.0% | Added | History |
| ADBEAdobe Inc. | Stock | 96,983 | $57.9M | 0.9% | +2,045+2.2% | Added | History |
| ADPAutomatic Data Processing Inc | Stock | 246,634 | $57.5M | 0.9% | −1,273−0.5% | Reduced | History |
| RMDResmed Inc | COM | 310,540 | $53.4M | 0.8% | −6,862−2.2% | Reduced | History |
| CMCSAComcast Corp | Stock | 1,216,528 | $53.3M | 0.8% | −22,981−1.9% | Reduced | History |
| IRMIron Mountain Inc | COM | 731,578 | $51.2M | 0.8% | −6,116−0.8% | Reduced | History |
| PAYXPaychex Inc | Stock | 404,384 | $48.2M | 0.7% | −9,087−2.2% | Reduced | History |
| TMOThermo Fisher Scientific Inc. | Stock | 87,637 | $46.5M | 0.7% | +66+0.1% | Added | History |
| BRK.BBerkshire Hathaway Inc | Stock | 128,993 | $46.0M | 0.7% | −4,621−3.5% | Reduced | History |
| AOSSmith A O Corp | COM | 550,150 | $45.4M | 0.7% | +1,913+0.3% | Added | History |
| CHDChurch & Dwight Co Inc | COM | 447,081 | $42.3M | 0.6% | +7,078+1.6% | Added | History |
| MRKMerck & Co., Inc. | Stock | 380,846 | $41.5M | 0.6% | −12,375−3.1% | Reduced | History |
| ACNAccenture plc | Stock | 117,425 | $41.2M | 0.6% | +4,341+3.8% | Added | History |
| LECOLincoln Electric Holdings Inc | COM | 184,002 | $40.0M | 0.6% | +5,570+3.1% | Added | History |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 832,793 | $39.9M | 0.6% | +12,577+1.5% | Added | – |
| LINLinde PLC | Stock | 92,529 | $38.0M | 0.6% | +2,376+2.6% | Added | History |
| METAMeta Platforms, Inc. | Stock | 106,355 | $37.6M | 0.6% | +3,336+3.2% | Added | History |
| AFLAflac Inc | Stock | 437,515 | $36.1M | 0.5% | −9,564−2.1% | Reduced | History |
| BACBank of America Corp | Stock | 1,054,558 | $35.5M | 0.5% | −84,699−7.4% | Reduced | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 68,427 | $32.5M | 0.5% | +22,373+48.6% | Added | History |
| XOMExxonMobil Holdings Corp | COM | 321,026 | $32.1M | 0.5% | −2,337−0.7% | Reduced | History |
| CSCOCisco Systems, Inc. | Stock | 619,132 | $31.3M | 0.5% | −8,067−1.3% | Reduced | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 1,112,225 | $30.8M | 0.5% | −12,462−1.1% | Reduced | – |
| BKNGBooking Holdings Inc. | Stock | 8,675 | $30.8M | 0.5% | +37+0.4% | Added | History |
| CTASCintas Corp | Stock | 46,129 | $27.8M | 0.4% | +1,542+3.5% | Added | History |
| OTISOtis Worldwide Corp | Stock | 302,034 | $27.0M | 0.4% | −3,785−1.2% | Reduced | History |
| VZVerizon Communications Inc | Stock | 710,184 | $26.8M | 0.4% | −95,962−11.9% | Reduced | History |
| WMTWalmart Inc. | Stock | 167,007 | $26.3M | 0.4% | +710+0.4% | Added | History |
| NEENextera Energy Inc | Stock | 430,528 | $26.2M | 0.4% | −58,060−11.9% | Reduced | History |
| OMCOmnicom Group Inc. | COM | 301,664 | $26.1M | 0.4% | −1,263−0.4% | Reduced | History |
| First Tr Exchange-Traded FD33738D309 | SENIOR LN FD | 564,207 | $26.0M | 0.4% | −10,947−1.9% | Reduced | – |
| DOVDOVER Corp | COM | 165,999 | $25.5M | 0.4% | −1,560−0.9% | Reduced | History |
| LHXL3HARRIS Technologies, Inc. | Stock | 119,735 | $25.2M | 0.4% | −419−0.3% | Reduced | History |
| SBUXStarbucks Corp | Stock | 262,291 | $25.2M | 0.4% | −1,305−0.5% | Reduced | History |
| CSLCarlisle Companies Inc | COM | 78,741 | $24.6M | 0.4% | +982+1.3% | Added | History |
| QCOMQualcomm Inc | Stock | 157,387 | $22.8M | 0.3% | −1,300−0.8% | Reduced | History |
| INTCIntel Corp | Stock | 434,795 | $21.8M | 0.3% | −14,543−3.2% | Reduced | History |
| iShares Tr464288687 | PFD AND INCM SEC | 688,799 | $21.5M | 0.3% | −46,323−6.3% | Reduced | – |
| BDXBecton Dickinson & Co | Stock | 86,836 | $21.2M | 0.3% | −634−0.7% | Reduced | History |
| BALLBALL Corp | COM | 360,387 | $20.7M | 0.3% | −50,689−12.3% | Reduced | History |
| KOCoca Cola Co | Stock | 345,289 | $20.3M | 0.3% | −5,244−1.5% | Reduced | History |
| EWEdwards Lifesciences Corp | Stock | 257,429 | $19.6M | 0.3% | −7,649−2.9% | Reduced | History |
| TDToronto Dominion Bank | Stock | 302,424 | $19.5M | 0.3% | −35,666−10.5% | Reduced | History |
| GSKGSK plc | ADR | 520,651 | $19.3M | 0.3% | −400.0% | Reduced | History |
| TSCOTractor Supply Co | COM | 88,594 | $19.1M | 0.3% | +7,496+9.2% | Added | History |
| STZConstellation Brands, Inc. | Stock | 77,779 | $18.8M | 0.3% | −362−0.5% | Reduced | History |
| AWKAmerican Water Works Company, Inc. | Stock | 131,787 | $17.4M | 0.3% | −12,572−8.7% | Reduced | History |
| MCOMoodys Corp | Stock | 43,552 | $17.0M | 0.3% | +4,427+11.3% | Added | History |
| AXPAmerican Express Co | Stock | 89,890 | $16.8M | 0.3% | −502−0.6% | Reduced | History |
| EXPDExpeditors International of Washington Inc | COM | 127,321 | $16.2M | 0.2% | −4,487−3.4% | Reduced | History |
| PFEPfizer Inc | Stock | 505,564 | $14.6M | 0.2% | −55,677−9.9% | Reduced | History |
| EMREmerson Electric Co | Stock | 138,923 | $13.5M | 0.2% | −2,721−1.9% | Reduced | History |
| CGNXCognex Corp | COM | 311,329 | $13.0M | 0.2% | +3,760+1.2% | Added | History |
| ORCLOracle Corp | Stock | 121,557 | $12.8M | 0.2% | −4,422−3.5% | Reduced | History |
| MZTIMarzetti Co | COM | 72,226 | $12.0M | 0.2% | +2,870+4.1% | Added | History |
| BSXBoston Scientific Corp | Stock | 205,284 | $11.9M | 0.2% | −51,453−20.0% | Reduced | History |
| DNAGinkgo Bioworks Holdings, Inc. | CL A SHS | 7,000,000 | $11.8M | 0.2% | 00.0% | Unchanged | History |
| CMICummins Inc | Stock | 48,554 | $11.6M | 0.2% | −369−0.8% | Reduced | History |
| IBMInternational Business Machines Corp | Stock | 68,361 | $11.2M | 0.2% | −1,174−1.7% | Reduced | History |
| UPSUnited Parcel Service Inc | Stock | 69,773 | $11.0M | 0.2% | −723−1.0% | Reduced | History |
| APDAir Products & Chemicals, Inc. | Stock | 39,782 | $10.9M | 0.2% | −101−0.3% | Reduced | History |
| VLTOVeralto Corp | Stock | 128,298 | $10.6M | 0.2% | +128,298 | New | History |
| CARRCarrier Global Corp | Stock | 183,094 | $10.5M | 0.2% | −14,056−7.1% | Reduced | History |
| FTVFortive Corp | Stock | 125,140 | $9.21M | 0.1% | −13,313−9.6% | Reduced | History |
| SHWSherwin Williams Co | COM | 28,747 | $8.97M | 0.1% | −173−0.6% | Reduced | History |
Sold out since Q3 2023 (10)
Positions held at the end of Q3 2023 that are gone from this filing.
| Security | Class | Shares in Q3 2023 | Value in Q3 2023 | % of portfolio in Q3 2023 | History |
|---|---|---|---|---|---|
| KNSLKinsale Capital Group, Inc. | Stock | 5,775 | $2.39M | <0.1% | History |
| VMWVmware LLC | CL A COM | 6,410 | $1.07M | <0.1% | History |
| DXCMDexcom Inc | COM | 3,857 | $359.9K | <0.1% | History |
| KKellanova | Stock | 5,376 | $319.9K | <0.1% | History |
| iShares Tr464288414 | NATIONAL MUN ETF | 3,057 | $313.5K | <0.1% | – |
| YUMYum Brands Inc | Stock | 1,772 | $221.4K | <0.1% | History |
| SUSuncor Energy Inc | Stock | 6,140 | $211.1K | <0.1% | History |
| iShares Tr464287150 | CORE S&P TTL STK | 2,168 | $204.2K | <0.1% | – |
| iShares Tr464288885 | EAFE GRWTH ETF | 2,356 | $203.3K | <0.1% | – |
| MROMarathon Oil Corp | COM | 7,500 | $200.6K | <0.1% | History |