Welch & Forbes LLC
- SEC CIK
- 0000105495
- Latest filing
- Jul 30, 2026
Holdings in Q3 2025
Holdings as of Sep 30, 2025, filed Nov 4, 2025. Long positions only; changes compare share counts with Q2 2025.
- Positions
- 383
- +11 vs. Q2 2025
- Portfolio value
- $8.30B
- +$295.1M (+3.7%) vs. Q2 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NVDANVIDIA Corp | Stock | 3,462,148 | $646.0M | 7.8% | −75,947−2.1% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 894,788 | $463.5M | 5.6% | −3,228−0.4% | Reduced | History |
| AAPLApple Inc. | Stock | 1,722,290 | $438.5M | 5.3% | −13,277−0.8% | Reduced | History |
| ORLYO Reilly Automotive Inc | Stock | 2,884,906 | $311.0M | 3.7% | −60,938−2.1% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 1,203,288 | $293.1M | 3.5% | −4,205−0.3% | Reduced | History |
| VVisa Inc. | Stock | 727,217 | $248.3M | 3.0% | −5,136−0.7% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 671,288 | $211.7M | 2.6% | −8,560−1.3% | Reduced | History |
| RTXRTX Corp | Stock | 1,141,516 | $191.0M | 2.3% | −14,017−1.2% | Reduced | History |
| SYKStryker Corp | Stock | 513,622 | $189.9M | 2.3% | −767−0.1% | Reduced | History |
| HDHome Depot, Inc. | Stock | 427,477 | $173.2M | 2.1% | −847−0.2% | Reduced | History |
| COSTCostco Wholesale Corp | Stock | 161,993 | $149.9M | 1.8% | −1,065−0.7% | Reduced | History |
| ECLEcolab Inc. | Stock | 473,582 | $129.7M | 1.6% | −746−0.2% | Reduced | History |
| LLYEli Lilly & Co | Stock | 168,196 | $128.3M | 1.5% | +18,751+12.5% | Added | History |
| JNJJohnson & Johnson | Stock | 675,855 | $125.3M | 1.5% | −11,287−1.6% | Reduced | History |
| DHRDanaher Corp | Stock | 622,089 | $123.3M | 1.5% | −72,790−10.5% | Reduced | History |
| PGProcter & Gamble Co | Stock | 787,875 | $121.1M | 1.5% | −2,363−0.3% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 550,124 | $120.8M | 1.5% | +2,252+0.4% | Added | History |
| TJXTJX Companies Inc | Stock | 780,740 | $112.8M | 1.4% | −4,277−0.5% | Reduced | History |
| FISVFiserv Inc | Stock | 872,375 | $112.5M | 1.4% | +6,556+0.8% | Added | History |
| CBChubb Ltd | Stock | 398,440 | $112.5M | 1.4% | −2,928−0.7% | Reduced | History |
| IDXXIDEXX Laboratories Inc | COM | 168,926 | $107.9M | 1.3% | −91−0.1% | Reduced | History |
| GOOGLAlphabet Inc. | Stock | 429,151 | $104.3M | 1.3% | −1,496−0.3% | Reduced | History |
| MDYSPDR S&P Midcap 400 ETF Trust | ETF | 168,530 | $100.4M | 1.2% | −917−0.5% | Reduced | History |
| ROPRoper Technologies Inc | Stock | 199,734 | $99.6M | 1.2% | −795−0.4% | Reduced | History |
| MCDMcDonalds Corp | Stock | 307,613 | $93.5M | 1.1% | −3,354−1.1% | Reduced | History |
| METAMeta Platforms, Inc. | Stock | 126,162 | $92.7M | 1.1% | +2,132+1.7% | Added | History |
| AJGArthur J. Gallagher & Co. | COM | 292,770 | $90.7M | 1.1% | −1,821−0.6% | Reduced | History |
| RMDResmed Inc | COM | 329,836 | $90.3M | 1.1% | −1,742−0.5% | Reduced | History |
| VRTXVertex Pharmaceuticals Inc | Stock | 220,346 | $86.3M | 1.0% | +3,102+1.4% | Added | History |
| WSOWatsco Inc | COM | 213,231 | $86.2M | 1.0% | +1,041+0.5% | Added | History |
| AMPAmeriprise Financial Inc | COM | 174,884 | $85.9M | 1.0% | −1,069−0.6% | Reduced | History |
| ABTAbbott Laboratories | Stock | 631,865 | $84.6M | 1.0% | −2,270−0.4% | Reduced | History |
| ABBVAbbVie Inc. | Stock | 348,371 | $80.7M | 1.0% | −1,539−0.4% | Reduced | History |
| MTDMettler Toledo International Inc | COM | 59,721 | $73.3M | 0.9% | −613−1.0% | Reduced | History |
| AVGOBroadcom Inc. | Stock | 211,870 | $69.9M | 0.8% | +6,979+3.4% | Added | History |
| IRMIron Mountain Inc | COM | 658,992 | $67.2M | 0.8% | −9,946−1.5% | Reduced | History |
| ADPAutomatic Data Processing Inc | Stock | 228,549 | $67.1M | 0.8% | −8,875−3.7% | Reduced | History |
| CVXChevron Corp | Stock | 415,208 | $64.5M | 0.8% | −380−0.1% | Reduced | History |
| PEPPepsiCo Inc | Stock | 440,826 | $61.9M | 0.7% | −91,963−17.3% | Reduced | History |
| BRK.BBerkshire Hathaway Inc | Stock | 120,658 | $60.7M | 0.7% | −528−0.4% | Reduced | History |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 982,158 | $58.9M | 0.7% | +7,507+0.8% | Added | – |
| XYLXylem Inc. | COM | 393,371 | $58.0M | 0.7% | +12,036+3.2% | Added | History |
| BKNGBooking Holdings Inc. | Stock | 10,741 | $58.0M | 0.7% | +2,274+26.9% | Added | History |
| WMTWalmart Inc. | Stock | 529,371 | $54.6M | 0.7% | +2,881+0.5% | Added | History |
| BACBank of America Corp | Stock | 1,005,865 | $51.9M | 0.6% | −6,210−0.6% | Reduced | History |
| LECOLincoln Electric Holdings Inc | COM | 215,364 | $50.8M | 0.6% | −920.0% | Reduced | History |
| NEENextera Energy Inc | Stock | 672,709 | $50.8M | 0.6% | +5,297+0.8% | Added | History |
| NOWServiceNow, Inc. | Stock | 54,046 | $49.7M | 0.6% | +1,634+3.1% | Added | History |
| LINLinde PLC | Stock | 103,758 | $49.3M | 0.6% | +631+0.6% | Added | History |
| PAYXPaychex Inc | Stock | 371,545 | $47.1M | 0.6% | −2,283−0.6% | Reduced | History |
| CSLCarlisle Companies Inc | COM | 140,717 | $46.3M | 0.6% | +4,187+3.1% | Added | History |
| CSCOCisco Systems, Inc. | Stock | 647,290 | $44.3M | 0.5% | −5,273−0.8% | Reduced | History |
| AOSSmith A O Corp | COM | 595,309 | $43.7M | 0.5% | −935−0.2% | Reduced | History |
| TMOThermo Fisher Scientific Inc. | Stock | 89,726 | $43.5M | 0.5% | −1,388−1.5% | Reduced | History |
| LHXL3HARRIS Technologies, Inc. | Stock | 142,474 | $43.5M | 0.5% | −415−0.3% | Reduced | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 1,054,183 | $40.4M | 0.5% | −9,380−0.9% | Reduced | – |
| CTASCintas Corp | Stock | 192,368 | $39.5M | 0.5% | −873−0.5% | Reduced | History |
| CHDChurch & Dwight Co Inc | COM | 443,675 | $38.9M | 0.5% | −4,798−1.1% | Reduced | History |
| KMXCarMax Inc | COM | 818,220 | $36.7M | 0.4% | −40,251−4.7% | Reduced | History |
| AFLAflac Inc | Stock | 326,635 | $36.5M | 0.4% | −6,667−2.0% | Reduced | History |
| ADBEAdobe Inc. | Stock | 94,978 | $33.5M | 0.4% | −8,689−8.4% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 291,236 | $32.8M | 0.4% | −15,660−5.1% | Reduced | History |
| ORCLOracle Corp | Stock | 114,895 | $32.3M | 0.4% | −1,943−1.7% | Reduced | History |
| First Tr Exchange-Traded FD33738D309 | SENIOR LN FD | 678,209 | $31.1M | 0.4% | −3,969−0.6% | Reduced | – |
| VZVerizon Communications Inc | Stock | 702,159 | $30.9M | 0.4% | −24,900−3.4% | Reduced | History |
| PANWPalo Alto Networks Inc | Stock | 147,526 | $30.0M | 0.4% | +128,927+693.2% | Added | History |
| AXPAmerican Express Co | Stock | 87,759 | $29.2M | 0.4% | −1,034−1.2% | Reduced | History |
| ACNAccenture plc | Stock | 111,598 | $27.5M | 0.3% | −10,923−8.9% | Reduced | History |
| TSCOTractor Supply Co | COM | 483,759 | $27.5M | 0.3% | −4,429−0.9% | Reduced | History |
| MRKMerck & Co., Inc. | Stock | 326,753 | $27.4M | 0.3% | −4,855−1.5% | Reduced | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 40,312 | $26.9M | 0.3% | −504−1.2% | Reduced | History |
| DOVDOVER Corp | COM | 155,797 | $26.0M | 0.3% | −2,753−1.7% | Reduced | History |
| MCOMoodys Corp | Stock | 50,041 | $23.8M | 0.3% | +935+1.9% | Added | History |
| QCOMQualcomm Inc | Stock | 140,954 | $23.4M | 0.3% | −2,484−1.7% | Reduced | History |
| OTISOtis Worldwide Corp | Stock | 251,938 | $23.0M | 0.3% | −5,374−2.1% | Reduced | History |
| GSKGSK plc | ADR | 518,597 | $22.4M | 0.3% | −768−0.1% | Reduced | History |
| SHOPShopify Inc. | Stock | 150,548 | $22.4M | 0.3% | +4,432+3.0% | Added | History |
| OMCOmnicom Group Inc. | COM | 264,351 | $21.6M | 0.3% | −147−0.1% | Reduced | History |
| iShares Tr464288687 | PFD AND INCM SEC | 645,491 | $20.4M | 0.2% | −20,829−3.1% | Reduced | – |
| KOCoca Cola Co | Stock | 288,794 | $19.2M | 0.2% | −4,336−1.5% | Reduced | History |
| EQIXEquinix Inc | COM | 24,414 | $19.1M | 0.2% | +3,944+19.3% | Added | History |
| CMICummins Inc | Stock | 45,085 | $19.0M | 0.2% | −30−0.1% | Reduced | History |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 230,269 | $17.6M | 0.2% | −9,667−4.0% | Reduced | – |
| iShares Core S&P Small Cap ETF464287804 | ETF | 137,641 | $16.4M | 0.2% | +8,361+6.5% | Added | – |
| EMREmerson Electric Co | Stock | 117,254 | $15.4M | 0.2% | −94−0.1% | Reduced | History |
| CGNXCognex Corp | COM | 339,117 | $15.4M | 0.2% | −5,148−1.5% | Reduced | History |
| IBMInternational Business Machines Corp | Stock | 54,413 | $15.4M | 0.2% | −4,746−8.0% | Reduced | History |
| EWEdwards Lifesciences Corp | Stock | 182,624 | $14.2M | 0.2% | −3,185−1.7% | Reduced | History |
| GEGeneral Electric Co | Stock | 46,292 | $13.9M | 0.2% | −717−1.5% | Reduced | History |
| MZTIMarzetti Co | COM | 74,351 | $12.8M | 0.2% | −2,081−2.7% | Reduced | History |
| EXPDExpeditors International of Washington Inc | COM | 103,038 | $12.6M | 0.2% | −340.0% | Reduced | History |
| CMCSAComcast Corp | Stock | 375,868 | $11.8M | 0.1% | −98,790−20.8% | Reduced | History |
| iShares Core S&P 500 ETF464287200 | ETF | 17,450 | $11.7M | 0.1% | +84+0.5% | Added | – |
| BSXBoston Scientific Corp | Stock | 111,941 | $10.9M | 0.1% | −1,500−1.3% | Reduced | History |
| SHWSherwin Williams Co | COM | 27,088 | $9.38M | 0.1% | −501−1.8% | Reduced | History |
| PFEPfizer Inc | Stock | 365,618 | $9.32M | 0.1% | −10,211−2.7% | Reduced | History |
| CATCaterpillar Inc | Stock | 19,444 | $9.28M | 0.1% | −313−1.6% | Reduced | History |
| APDAir Products & Chemicals, Inc. | Stock | 33,924 | $9.25M | 0.1% | −150−0.4% | Reduced | History |
| PGRProgressive Corp | Stock | 36,523 | $9.02M | 0.1% | −960−2.6% | Reduced | History |
| SNPSSynopsys Inc | COM | 18,075 | $8.92M | 0.1% | +18,075 | New | History |
Sold out since Q2 2025 (5)
Positions held at the end of Q2 2025 that are gone from this filing.
| Security | Class | Shares in Q2 2025 | Value in Q2 2025 | % of portfolio in Q2 2025 | History |
|---|---|---|---|---|---|
| ANSSAnsys Inc | COM | 380,883 | $133.8M | 1.7% | History |
| HESHess Corp | Stock | 2,650 | $367.1K | <0.1% | History |
| DEODiageo PLC | SPON ADR NEW | 2,394 | $241.4K | <0.1% | History |
| iShares Tr46435G425 | ESG AWR MSCI USA | 1,707 | $231.0K | <0.1% | – |
| PRUPrudential Financial Inc | Stock | 2,133 | $229.2K | <0.1% | History |