Welch & Forbes LLC
- SEC CIK
- 0000105495
- Latest filing
- Jul 30, 2026
Holdings in Q4 2025
Holdings as of Dec 31, 2025, filed Feb 10, 2026. Long positions only; changes compare share counts with Q3 2025.
- Positions
- 374
- −9 vs. Q3 2025
- Portfolio value
- $8.25B
- −$49.0M (−0.6%) vs. Q3 2025
| Security | Class | Shares | Value | % of portfolio | Share change | Action | History |
|---|---|---|---|---|---|---|---|
| NVDANVIDIA Corp | Stock | 3,337,312 | $622.4M | 7.5% | −124,836−3.6% | Reduced | History |
| AAPLApple Inc. | Stock | 1,702,197 | $462.8M | 5.6% | −20,093−1.2% | Reduced | History |
| MSFTMicrosoft Corp | Stock | 887,460 | $429.2M | 5.2% | −7,328−0.8% | Reduced | History |
| GOOGAlphabet Inc. | Stock | 1,186,866 | $372.4M | 4.5% | −16,422−1.4% | Reduced | History |
| ORLYO Reilly Automotive Inc | Stock | 2,869,787 | $261.8M | 3.2% | −15,119−0.5% | Reduced | History |
| VVisa Inc. | Stock | 725,722 | $254.5M | 3.1% | −1,495−0.2% | Reduced | History |
| JPMJPMorgan Chase & Co | Stock | 665,957 | $214.6M | 2.6% | −5,331−0.8% | Reduced | History |
| RTXRTX Corp | Stock | 1,123,240 | $206.0M | 2.5% | −18,276−1.6% | Reduced | History |
| LLYEli Lilly & Co | Stock | 167,818 | $180.4M | 2.2% | −378−0.2% | Reduced | History |
| SYKStryker Corp | Stock | 512,479 | $180.1M | 2.2% | −1,143−0.2% | Reduced | History |
| HDHome Depot, Inc. | Stock | 428,480 | $147.4M | 1.8% | +1,003+0.2% | Added | History |
| DHRDanaher Corp | Stock | 618,995 | $141.7M | 1.7% | −3,094−0.5% | Reduced | History |
| COSTCostco Wholesale Corp | Stock | 162,345 | $140.0M | 1.7% | +352+0.2% | Added | History |
| JNJJohnson & Johnson | Stock | 670,094 | $138.7M | 1.7% | −5,761−0.9% | Reduced | History |
| GOOGLAlphabet Inc. | Stock | 421,125 | $131.8M | 1.6% | −8,026−1.9% | Reduced | History |
| AMZNAmazon Com Inc | Stock | 563,166 | $130.0M | 1.6% | +13,042+2.4% | Added | History |
| ECLEcolab Inc. | Stock | 472,164 | $124.0M | 1.5% | −1,418−0.3% | Reduced | History |
| CBChubb Ltd | Stock | 393,955 | $123.0M | 1.5% | −4,485−1.1% | Reduced | History |
| TJXTJX Companies Inc | Stock | 777,967 | $119.5M | 1.4% | −2,773−0.4% | Reduced | History |
| IDXXIDEXX Laboratories Inc | COM | 168,282 | $113.8M | 1.4% | −644−0.4% | Reduced | History |
| PGProcter & Gamble Co | Stock | 768,228 | $110.1M | 1.3% | −19,647−2.5% | Reduced | History |
| MDYSPDR S&P Midcap 400 ETF Trust | ETF | 166,753 | $100.6M | 1.2% | −1,777−1.1% | Reduced | History |
| VRTXVertex Pharmaceuticals Inc | Stock | 218,198 | $98.9M | 1.2% | −2,148−1.0% | Reduced | History |
| MCDMcDonalds Corp | Stock | 306,406 | $93.6M | 1.1% | −1,207−0.4% | Reduced | History |
| ROPRoper Technologies Inc | Stock | 194,463 | $86.6M | 1.0% | −5,271−2.6% | Reduced | History |
| METAMeta Platforms, Inc. | Stock | 130,031 | $85.8M | 1.0% | +3,869+3.1% | Added | History |
| AMPAmeriprise Financial Inc | COM | 173,878 | $85.3M | 1.0% | −1,006−0.6% | Reduced | History |
| MTDMettler Toledo International Inc | COM | 59,348 | $82.7M | 1.0% | −373−0.6% | Reduced | History |
| AVGOBroadcom Inc. | Stock | 229,576 | $79.5M | 1.0% | +17,706+8.4% | Added | History |
| ABTAbbott Laboratories | Stock | 631,911 | $79.2M | 1.0% | +460.0% | Added | History |
| RMDResmed Inc | COM | 328,371 | $79.1M | 1.0% | −1,465−0.4% | Reduced | History |
| ABBVAbbVie Inc. | Stock | 345,947 | $79.0M | 1.0% | −2,424−0.7% | Reduced | History |
| AJGArthur J. Gallagher & Co. | COM | 294,278 | $76.2M | 0.9% | +1,508+0.5% | Added | History |
| WSOWatsco Inc | COM | 210,718 | $71.0M | 0.9% | −2,513−1.2% | Reduced | History |
| CVXChevron Corp | Stock | 407,695 | $62.1M | 0.8% | −7,513−1.8% | Reduced | History |
| PEPPepsiCo Inc | Stock | 429,173 | $61.6M | 0.7% | −11,653−2.6% | Reduced | History |
| Vanguard Ftse Developed Markets ETF921943858 | ETF | 967,383 | $60.4M | 0.7% | −14,775−1.5% | Reduced | – |
| BRK.BBerkshire Hathaway Inc | Stock | 118,631 | $59.6M | 0.7% | −2,027−1.7% | Reduced | History |
| WMTWalmart Inc. | Stock | 535,229 | $59.6M | 0.7% | +5,858+1.1% | Added | History |
| ADPAutomatic Data Processing Inc | Stock | 226,508 | $58.3M | 0.7% | −2,041−0.9% | Reduced | History |
| BKNGBooking Holdings Inc. | Stock | 10,655 | $57.1M | 0.7% | −86−0.8% | Reduced | History |
| XYLXylem Inc. | COM | 401,832 | $54.7M | 0.7% | +8,461+2.2% | Added | History |
| BACBank of America Corp | Stock | 989,978 | $54.4M | 0.7% | −15,887−1.6% | Reduced | History |
| IRMIron Mountain Inc | COM | 656,364 | $54.4M | 0.7% | −2,628−0.4% | Reduced | History |
| NEENextera Energy Inc | Stock | 676,027 | $54.3M | 0.7% | +3,318+0.5% | Added | History |
| TMOThermo Fisher Scientific Inc. | Stock | 89,084 | $51.6M | 0.6% | −642−0.7% | Reduced | History |
| LECOLincoln Electric Holdings Inc | COM | 212,640 | $51.0M | 0.6% | −2,724−1.3% | Reduced | History |
| CSCOCisco Systems, Inc. | Stock | 642,476 | $49.5M | 0.6% | −4,814−0.7% | Reduced | History |
| LINLinde PLC | Stock | 104,570 | $44.6M | 0.5% | +812+0.8% | Added | History |
| PANWPalo Alto Networks Inc | Stock | 234,423 | $43.2M | 0.5% | +86,897+58.9% | Added | History |
| CSLCarlisle Companies Inc | COM | 131,526 | $42.1M | 0.5% | −9,191−6.5% | Reduced | History |
| LHXL3HARRIS Technologies, Inc. | Stock | 140,884 | $41.4M | 0.5% | −1,590−1.1% | Reduced | History |
| PAYXPaychex Inc | Stock | 368,473 | $41.3M | 0.5% | −3,072−0.8% | Reduced | History |
| First Tr Exchange-Traded FD33738D101 | NO AMER ENERGY | 1,040,699 | $39.4M | 0.5% | −13,484−1.3% | Reduced | – |
| AOSSmith A O Corp | COM | 585,817 | $39.2M | 0.5% | −9,492−1.6% | Reduced | History |
| SPYSPDR S&P 500 ETF Trust | ETF | 56,158 | $38.3M | 0.5% | +15,846+39.3% | Added | History |
| FISVFiserv Inc | Stock | 557,384 | $37.4M | 0.5% | −314,991−36.1% | Reduced | History |
| CTASCintas Corp | Stock | 190,507 | $35.8M | 0.4% | −1,861−1.0% | Reduced | History |
| AFLAflac Inc | Stock | 321,248 | $35.4M | 0.4% | −5,387−1.6% | Reduced | History |
| XOMExxonMobil Holdings Corp | COM | 289,014 | $34.8M | 0.4% | −2,222−0.8% | Reduced | History |
| NOWServiceNow, Inc. | Stock | 226,177 | $34.6M | 0.4% | −44,053−16.3% | ReducedConverted for a 5-for-1 split | History |
| CHDChurch & Dwight Co Inc | COM | 407,322 | $34.2M | 0.4% | −36,353−8.2% | Reduced | History |
| MRKMerck & Co., Inc. | Stock | 322,229 | $33.9M | 0.4% | −4,524−1.4% | Reduced | History |
| AXPAmerican Express Co | Stock | 87,246 | $32.3M | 0.4% | −513−0.6% | Reduced | History |
| First Tr Exchange-Traded FD33738D309 | SENIOR LN FD | 696,962 | $32.0M | 0.4% | +18,753+2.8% | Added | – |
| DOVDOVER Corp | COM | 144,182 | $28.2M | 0.3% | −11,615−7.5% | Reduced | History |
| VZVerizon Communications Inc | Stock | 664,664 | $27.1M | 0.3% | −37,495−5.3% | Reduced | History |
| ADBEAdobe Inc. | Stock | 75,055 | $26.3M | 0.3% | −19,923−21.0% | Reduced | History |
| MCOMoodys Corp | Stock | 50,215 | $25.7M | 0.3% | +174+0.3% | Added | History |
| GSKGSK plc | ADR | 518,597 | $25.4M | 0.3% | 00.0% | Unchanged | History |
| SHOPShopify Inc. | Stock | 152,934 | $24.6M | 0.3% | +2,386+1.6% | Added | History |
| TSCOTractor Supply Co | COM | 487,847 | $24.4M | 0.3% | +4,088+0.8% | Added | History |
| QCOMQualcomm Inc | Stock | 140,036 | $24.0M | 0.3% | −918−0.7% | Reduced | History |
| ACNAccenture plc | Stock | 88,054 | $23.6M | 0.3% | −23,544−21.1% | Reduced | History |
| CMICummins Inc | Stock | 44,370 | $22.6M | 0.3% | −715−1.6% | Reduced | History |
| ORCLOracle Corp | Stock | 112,655 | $22.0M | 0.3% | −2,240−1.9% | Reduced | History |
| OTISOtis Worldwide Corp | Stock | 246,580 | $21.5M | 0.3% | −5,358−2.1% | Reduced | History |
| UBERUber Technologies, Inc | Stock | 254,751 | $20.8M | 0.3% | +166,371+188.2% | Added | History |
| OMCOmnicom Group Inc. | COM | 252,500 | $20.4M | 0.2% | −11,851−4.5% | Reduced | History |
| KOCoca Cola Co | Stock | 283,587 | $19.8M | 0.2% | −5,207−1.8% | Reduced | History |
| EQIXEquinix Inc | COM | 25,179 | $19.3M | 0.2% | +765+3.1% | Added | History |
| iShares Tr464288687 | PFD AND INCM SEC | 594,427 | $18.4M | 0.2% | −51,064−7.9% | Reduced | – |
| VanEck ETF Trust92189F106 | GOLD MINERS ETF | 214,275 | $18.4M | 0.2% | −15,994−6.9% | Reduced | – |
| KMXCarMax Inc | COM | 446,573 | $17.3M | 0.2% | −371,647−45.4% | Reduced | History |
| SNPSSynopsys Inc | COM | 35,556 | $16.7M | 0.2% | +17,481+96.7% | Added | History |
| iShares Core S&P Small Cap ETF464287804 | ETF | 137,975 | $16.6M | 0.2% | +334+0.2% | Added | – |
| IBMInternational Business Machines Corp | Stock | 53,911 | $16.0M | 0.2% | −502−0.9% | Reduced | History |
| EWEdwards Lifesciences Corp | Stock | 181,671 | $15.5M | 0.2% | −953−0.5% | Reduced | History |
| EXPDExpeditors International of Washington Inc | COM | 102,259 | $15.2M | 0.2% | −779−0.8% | Reduced | History |
| EMREmerson Electric Co | Stock | 113,174 | $15.0M | 0.2% | −4,080−3.5% | Reduced | History |
| GEGeneral Electric Co | Stock | 45,283 | $13.9M | 0.2% | −1,009−2.2% | Reduced | History |
| iShares Core S&P 500 ETF464287200 | ETF | 18,340 | $12.6M | 0.2% | +890+5.1% | Added | – |
| MZTIMarzetti Co | COM | 72,543 | $11.9M | 0.1% | −1,808−2.4% | Reduced | History |
| CGNXCognex Corp | COM | 330,638 | $11.9M | 0.1% | −8,479−2.5% | Reduced | History |
| CATCaterpillar Inc | Stock | 19,405 | $11.1M | 0.1% | −39−0.2% | Reduced | History |
| BSXBoston Scientific Corp | Stock | 111,739 | $10.7M | 0.1% | −202−0.2% | Reduced | History |
| MDBMongoDB, Inc. | CL A | 23,581 | $9.90M | 0.1% | +898+4.0% | Added | History |
| PFEPfizer Inc | Stock | 355,663 | $8.86M | 0.1% | −9,955−2.7% | Reduced | History |
| SHWSherwin Williams Co | COM | 27,013 | $8.75M | 0.1% | −75−0.3% | Reduced | History |
| NVSNovartis AG | ADR | 61,088 | $8.42M | 0.1% | −58−0.1% | Reduced | History |
Sold out since Q3 2025 (17)
Positions held at the end of Q3 2025 that are gone from this filing.
| Security | Class | Shares in Q3 2025 | Value in Q3 2025 | % of portfolio in Q3 2025 | History |
|---|---|---|---|---|---|
| EPDEnterprise Products Partners L.P. | Stock | 29,133 | $911.0K | <0.1% | History |
| ULUnilever PLC | SPON ADR NEW | 15,136 | $897.3K | <0.1% | History |
| STZConstellation Brands, Inc. | Stock | 2,806 | $377.9K | <0.1% | History |
| TELFYTelefonica S A | SPONSORED ADR | 67,720 | $344.0K | <0.1% | History |
| LNNLindsay Corp | COM | 2,100 | $295.2K | <0.1% | History |
| DOWDow Inc. | Stock | 12,607 | $289.1K | <0.1% | History |
| ZTSZoetis Inc. | Stock | 1,922 | $281.2K | <0.1% | History |
| CIGEnergy Co of Minas Gerais | SP ADR N-V PFD | 125,628 | $265.1K | <0.1% | History |
| IBITiShares Bitcoin Trust ETF | ETF | 3,455 | $224.6K | <0.1% | History |
| CCICrown Castle Inc. | REIT | 2,320 | $223.9K | <0.1% | History |
| CDNSCadence Design Systems Inc | Stock | 625 | $219.5K | <0.1% | History |
| PYPLPayPal Holdings, Inc. | Stock | 3,190 | $213.9K | <0.1% | History |
| HUBSHubSpot Inc | COM | 456 | $213.3K | <0.1% | History |
| Schwab Strategic Tr808524722 | 1000 INDEX ETF | 6,502 | $208.8K | <0.1% | – |
| TRMBTrimble Inc. | COM | 2,526 | $206.2K | <0.1% | History |
| Vanguard S&P 500 Growth ETF921932505 | ETF | 465 | $202.5K | <0.1% | – |
| ATRAptargroup, Inc. | Stock | 1,510 | $201.8K | <0.1% | History |