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Livermore
Livermore
ZHEN

Welch & Forbes LLC

SEC CIK
0000105495
Latest filing
Jul 30, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Aug 5, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
372
+2 vs. Q1 2025
Portfolio value
$8.01B
+$364.7M (+4.8%) vs. Q1 2025
Filed
Aug 5, 2025
SEC
Holdings of Welch & Forbes LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
NVDANVIDIA CorpStock3,538,095$559.0M7.0%−61,009−1.7%ReducedHistory
MSFTMicrosoft CorpStock898,016$446.7M5.6%−6,370−0.7%ReducedHistory
AAPLApple Inc.Stock1,735,567$356.1M4.4%−7,098−0.4%ReducedHistory
ORLYO Reilly Automotive IncStock2,945,844$265.5M3.3%−29,331−1.0%ReducedConverted for a 15-for-1 splitHistory
VVisa Inc.Stock732,353$260.0M3.2%−5,649−0.8%ReducedHistory
GOOGAlphabet Inc.Stock1,207,493$214.2M2.7%−3,581−0.3%ReducedHistory
SYKStryker CorpStock514,389$203.5M2.5%−2,275−0.4%ReducedHistory
JPMJPMorgan Chase & CoStock679,848$197.1M2.5%−9,967−1.4%ReducedHistory
RTXRTX CorpStock1,155,533$168.7M2.1%−8,263−0.7%ReducedHistory
COSTCostco Wholesale CorpStock163,058$161.4M2.0%−2,553−1.5%ReducedHistory
HDHome Depot, Inc.Stock428,324$157.0M2.0%−2,641−0.6%ReducedHistory
FISVFiserv IncStock865,819$149.3M1.9%+6,323+0.7%AddedHistory
DHRDanaher CorpStock694,879$137.3M1.7%+4,277+0.6%AddedHistory
ANSSAnsys IncCOM380,883$133.8M1.7%−5,846−1.5%ReducedHistory
ECLEcolab Inc.Stock474,328$127.8M1.6%+2,613+0.6%AddedHistory
PGProcter & Gamble CoStock790,238$125.9M1.6%−5,379−0.7%ReducedHistory
AMZNAmazon Com IncStock547,872$120.2M1.5%+15,150+2.8%AddedHistory
LLYEli Lilly & CoStock149,445$116.5M1.5%+910+0.6%AddedHistory
CBChubb LtdStock401,368$116.3M1.5%−2,991−0.7%ReducedHistory
ROPRoper Technologies IncStock200,529$113.7M1.4%+823+0.4%AddedHistory
JNJJohnson & JohnsonStock687,142$105.0M1.3%−550.0%ReducedHistory
TJXTJX Companies IncStock785,017$96.9M1.2%+520+0.1%AddedHistory
VRTXVertex Pharmaceuticals IncStock217,244$96.7M1.2%+9,605+4.6%AddedHistory
MDYSPDR S&P Midcap 400 ETF TrustETF169,447$96.0M1.2%−437−0.3%ReducedHistory
AJGArthur J. Gallagher & Co.COM294,591$94.3M1.2%−3,295−1.1%ReducedHistory
AMPAmeriprise Financial IncCOM175,953$93.9M1.2%−2,578−1.4%ReducedHistory
WSOWatsco IncCOM212,190$93.7M1.2%−670.0%ReducedHistory
METAMeta Platforms, Inc.Stock124,030$91.5M1.1%+4,699+3.9%AddedHistory
MCDMcDonalds CorpStock310,967$90.9M1.1%−1,566−0.5%ReducedHistory
IDXXIDEXX Laboratories IncCOM169,017$90.7M1.1%−829−0.5%ReducedHistory
ABTAbbott LaboratoriesStock634,135$86.2M1.1%−392−0.1%ReducedHistory
RMDResmed IncCOM331,578$85.5M1.1%+1,686+0.5%AddedHistory
GOOGLAlphabet Inc.Stock430,647$75.9M0.9%−4,749−1.1%ReducedHistory
ADPAutomatic Data Processing IncStock237,424$73.2M0.9%−3,714−1.5%ReducedHistory
MTDMettler Toledo International IncCOM60,334$70.9M0.9%−699−1.1%ReducedHistory
PEPPepsiCo IncStock532,789$70.3M0.9%−23,455−4.2%ReducedHistory
IRMIron Mountain IncCOM668,938$68.6M0.9%−5,104−0.8%ReducedHistory
ABBVAbbVie Inc.Stock349,910$65.0M0.8%−4,714−1.3%ReducedHistory
CVXChevron CorpStock415,588$59.5M0.7%+931+0.2%AddedHistory
BRK.BBerkshire Hathaway IncStock121,186$58.9M0.7%−1,660−1.4%ReducedHistory
KMXCarMax IncCOM858,471$57.7M0.7%−15,292−1.8%ReducedHistory
AVGOBroadcom Inc.Stock204,891$56.5M0.7%+30,733+17.6%AddedHistory
Vanguard Ftse Developed Markets ETF921943858ETF974,651$55.6M0.7%+15,643+1.6%Added–
PAYXPaychex IncStock373,828$54.4M0.7%−4,883−1.3%ReducedHistory
NOWServiceNow, Inc.Stock52,412$53.9M0.7%+9,543+22.3%AddedHistory
WMTWalmart Inc.Stock526,490$51.5M0.6%+6,127+1.2%AddedHistory
CSLCarlisle Companies IncCOM136,530$51.0M0.6%+18,479+15.7%AddedHistory
XYLXylem Inc.COM381,335$49.3M0.6%+12,513+3.4%AddedHistory
BKNGBooking Holdings Inc.Stock8,467$49.0M0.6%−13−0.2%ReducedHistory
LINLinde PLCStock103,127$48.4M0.6%+852+0.8%AddedHistory
BACBank of America CorpStock1,012,075$47.9M0.6%+592+0.1%AddedHistory
NEENextera Energy IncStock667,412$46.3M0.6%+67,430+11.2%AddedHistory
CSCOCisco Systems, Inc.Stock652,563$45.3M0.6%−1,034−0.2%ReducedHistory
LECOLincoln Electric Holdings IncCOM215,456$44.7M0.6%+4,567+2.2%AddedHistory
CHDChurch & Dwight Co IncCOM448,473$43.1M0.5%−1,031−0.2%ReducedHistory
CTASCintas CorpStock193,241$43.1M0.5%+745+0.4%AddedHistory
ADBEAdobe Inc.Stock103,667$40.1M0.5%−14,589−12.3%ReducedHistory
First Tr Exchange-Traded FD33738D101NO AMER ENERGY1,063,563$39.9M0.5%−1,302−0.1%Reduced–
AOSSmith A O CorpCOM596,244$39.1M0.5%+3,263+0.6%AddedHistory
TMOThermo Fisher Scientific Inc.Stock91,114$36.9M0.5%−655−0.7%ReducedHistory
ACNAccenture plcStock122,521$36.6M0.5%−242−0.2%ReducedHistory
LHXL3HARRIS Technologies, Inc.Stock142,889$35.8M0.4%+1,283+0.9%AddedHistory
AFLAflac IncStock333,302$35.2M0.4%−8,122−2.4%ReducedHistory
XOMExxonMobil Holdings CorpCOM306,896$33.1M0.4%−1,404−0.5%ReducedHistory
VZVerizon Communications IncStock727,059$31.5M0.4%+1,169+0.2%AddedHistory
First Tr Exchange-Traded FD33738D309SENIOR LN FD682,178$31.3M0.4%+21,844+3.3%Added–
DOVDOVER CorpCOM158,550$29.1M0.4%−2,463−1.5%ReducedHistory
AXPAmerican Express CoStock88,793$28.3M0.4%−861−1.0%ReducedHistory
MRKMerck & Co., Inc.Stock331,608$26.3M0.3%−5,950−1.8%ReducedHistory
TSCOTractor Supply CoCOM488,188$25.8M0.3%+1,417+0.3%AddedHistory
ORCLOracle CorpStock116,838$25.5M0.3%+2,519+2.2%AddedHistory
OTISOtis Worldwide CorpStock257,312$25.5M0.3%−6,631−2.5%ReducedHistory
SPYSPDR S&P 500 ETF TrustETF40,816$25.2M0.3%−1,611−3.8%ReducedHistory
MCOMoodys CorpStock49,106$24.6M0.3%+241+0.5%AddedHistory
QCOMQualcomm IncStock143,438$22.8M0.3%−444−0.3%ReducedHistory
KOCoca Cola CoStock293,130$20.7M0.3%−2,884−1.0%ReducedHistory
iShares Tr464288687PFD AND INCM SEC666,320$20.4M0.3%−5,409−0.8%Reduced–
GSKGSK plcADR519,365$19.9M0.2%00.0%UnchangedHistory
OMCOmnicom Group Inc.COM264,498$19.0M0.2%−8,002−2.9%ReducedHistory
IBMInternational Business Machines CorpStock59,159$17.4M0.2%−849−1.4%ReducedHistory
CMCSAComcast CorpStock474,658$16.9M0.2%−313,508−39.8%ReducedHistory
SHOPShopify Inc.Stock146,116$16.9M0.2%+2,515+1.8%AddedHistory
EQIXEquinix IncCOM20,470$16.3M0.2%+1,335+7.0%AddedHistory
EMREmerson Electric CoStock117,348$15.6M0.2%−3,548−2.9%ReducedHistory
CMICummins IncStock45,115$14.8M0.2%−673−1.5%ReducedHistory
EWEdwards Lifesciences CorpStock185,809$14.5M0.2%−27,438−12.9%ReducedHistory
iShares Core S&P Small Cap ETF464287804ETF129,280$14.1M0.2%+30,830+31.3%Added–
MZTIMarzetti CoCOM76,432$13.2M0.2%−529−0.7%ReducedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF239,936$12.5M0.2%−2,185−0.9%Reduced–
BSXBoston Scientific CorpStock113,441$12.2M0.2%+1,149+1.0%AddedHistory
GEGeneral Electric CoStock47,009$12.1M0.2%−1,367−2.8%ReducedHistory
EXPDExpeditors International of Washington IncCOM103,072$11.8M0.1%−625−0.6%ReducedHistory
CGNXCognex CorpCOM344,265$10.9M0.1%+13,923+4.2%AddedHistory
iShares Core S&P 500 ETF464287200ETF17,366$10.8M0.1%+108+0.6%Added–
CARRCarrier Global CorpStock143,838$10.5M0.1%−3,381−2.3%ReducedHistory
PGRProgressive CorpStock37,483$10.0M0.1%−1,509−3.9%ReducedHistory
SBUXStarbucks CorpStock106,842$9.79M0.1%−3,601−3.3%ReducedHistory
APDAir Products & Chemicals, Inc.Stock34,074$9.61M0.1%−2,451−6.7%ReducedHistory
SHWSherwin Williams CoCOM27,589$9.47M0.1%−774−2.7%ReducedHistory
PFEPfizer IncStock375,829$9.11M0.1%−41,228−9.9%ReducedHistory

Sold out since Q1 2025 (11)

Positions held at the end of Q1 2025 that are gone from this filing.

Positions of Welch & Forbes LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Direxion Shares ETF Trust25459Y207NASDAQ 100 EQ WT6,975$608.1K<0.1%–
DFSDiscover Financial ServicesCOM2,048$349.6K<0.1%History
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS5,612$329.4K<0.1%–
Vanguard Energy ETF92204A306ETF2,178$282.5K<0.1%–
AAgilent Technologies, Inc.COM1,796$210.1K<0.1%History
HUMHumana IncStock773$204.5K<0.1%History
CDNSCadence Design Systems IncStock801$203.7K<0.1%History
IBNIcici Bank LtdADR6,459$203.6K<0.1%History
ProShares Tr74348A467S&P 500 DV ARIST1,975$201.8K<0.1%–
CBZCBIZ, Inc.COM2,647$200.8K<0.1%History
KYNKayne Anderson Energy Infrastructure Fund, Inc.COM10,950$140.5K<0.1%History