Welch & Forbes LLC

CIK

105495

Location

Boston, MA

Portfolio Value

Mid $7,494,336,547

Diversification

Diversified

Filing Date

Global Rank

#569 / 8,700 ▲ 8

Top Industry

Semiconductors 10.6%

Period ended 3 months ago

Filed Jul 30, 2026 · 46d

26 quarters · since Mar 2020

Portfolio Concentration

310 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

8.1%

+1.1 pts

Top 5

25.6%

−0.5 pts

Top 10

38.3%

−0.1 pts

HHI

242

Diversified+9

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	27.8%	$2,086,123,304	56
Healthcare	17.6%	$1,321,007,198	43
Financial Services	13.2%	$989,312,363	47
Consumer Cyclical	11.3%	$849,905,471	19
Industrials	10.5%	$789,526,930	58
Consumer Defensive	6.2%	$468,032,833	20
Communication Services	3.9%	$292,181,935	8
Basic Materials	2.8%	$212,632,707	12
Unclassified	2.2%	$163,230,593	7
Energy	1.7%	$128,969,329	22
Real Estate	1.5%	$110,128,668	6
Utilities	1.1%	$83,285,216	12

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BKNG	Booking Holdings Inc.	+252,185	263,055	$46,886,923
NFLX	Netflix Inc	+59,069	177,517	$12,674,713
PANW	Palo Alto Networks Inc	+21,828	322,392	$109,942,119
AVGO	Broadcom Inc.	+21,566	263,007	$99,350,894
NEE	Nextera Energy Inc	+21,488	696,876	$61,164,806
IBM	International Business Machines Corp	+16,221	69,666	$19,590,775
META	Meta Platforms, Inc.	+14,741	148,710	$83,766,855
AMZN	Amazon Com Inc	+11,927	579,893	$138,211,697
SYK	Stryker Corp	+10,441	519,496	$163,558,120
ORCL	Oracle Corp	+7,853	121,788	$17,848,031
CGNX	Cognex Corp	+7,767	330,660	$23,946,397
MSFT	Microsoft Corp	+5,660	887,243	$330,959,383
SHOP	Shopify Inc.	+5,556	159,087	$18,164,553
BX	Blackstone Inc.	+5,375	19,602	$2,306,567
EPD	Enterprise Products Partners L.P.	+5,121	34,416	$1,265,132
LLY	ELI LILLY & Co	+4,469	172,704	$207,146,375
WMT	Walmart Inc.	+3,135	526,233	$59,601,149
XOM	ExxonMobil Holdings Corp	+2,972	287,954	$39,369,070
KLAC	Kla Corp	+2,710	3,010	$908,147
TXN	Texas Instruments Inc	+2,452	31,065	$9,259,544
LOW	Lowes Companies Inc	+2,413	16,861	$3,717,681
ABBV	AbbVie Inc.	+2,363	345,978	$87,061,903
CSL	Carlisle Companies Inc	+2,299	142,765	$51,788,003
B	Barrick Mining Corp	+2,000	8,500	$312,205
PLD	Prologis, Inc.	+1,956	5,673	$768,521
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GOOGL	Alphabet Inc.	−1,180,090	401,718	$143,561,961
FISV	Fiserv Inc	−197,950	308,444	$15,129,178
ACN	Accenture plc	−62,069	22,108	$2,751,119
TSCO	Tractor Supply Co /De/	−59,608	418,308	$13,222,715
NVDA	Nvidia Corp	−55,207	3,041,196	$608,512,907
AOS	Smith A O Corp	−47,571	532,209	$33,380,148
BSM	Black Stone Minerals, L.P.	−44,266	14,700	$205,359
KMX	Carmax Inc	−39,643	387,190	$20,478,479
ROP	Roper Technologies Inc	−39,625	140,495	$47,542,103
ABT	Abbott Laboratories	−34,707	595,129	$54,002,005
RTX	RTX Corp	−24,716	1,069,878	$202,987,952
CMCSA	Comcast Corp	−24,163	133,550	$3,278,652
ORLY	O Reilly Automotive Inc	−22,738	2,809,432	$258,720,592
CHD	Church & Dwight Co Inc /De/	−21,836	357,066	$34,592,554
MDY	Spdr S&P Midcap 400 ETF Trust	−19,381	142,173	$99,995,957
BAC	Bank Of America Corp /De/	−19,288	957,307	$54,547,352
OMC	Omnicom Group Inc.	−18,097	220,272	$16,042,409
XYL	Xylem Inc.	−17,888	395,967	$46,807,259
AAPL	Apple Inc.	−17,064	1,662,845	$481,160,829
V	Visa Inc.	−14,445	705,106	$241,914,817
DHR	Danaher Corp /De/	−14,333	598,324	$113,968,755
PEP	Pepsico Inc	−13,452	402,525	$54,501,885
IRM	Iron Mountain Inc	−12,746	639,322	$80,752,761
KO	Coca Cola Co	−11,058	270,059	$21,947,694
VZ	Verizon Communications Inc	−10,423	641,841	$27,175,547
No positions match the current search.

New Positions

Positions the filer opened this quarter

22 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	4,815	$1,063,152
SNDK	Sandisk Corp	243	$552,516
TT	Trane Technologies plc	1,034	$507,859
LRCX	Lam Research Corp	817	$354,030
GLW	Corning Inc /Ny	1,234	$315,200
WELL	Welltower Inc.	1,380	$313,218
KN	Knowles Corp	7,230	$299,900
UAMY	United States Antimony Corp	38,850	$282,051
UBS	UBS Group AG	5,660	$280,509
ET	Energy Transfer LP	14,226	$272,001
FFIV	F5, Inc.	617	$256,647
SPCX	Space Exploration Technologies Corp	1,489	$254,410
RKLB	Rocket Lab Corp	2,403	$244,264
SOLV	Solventum Corp	3,033	$233,995
CMS	Cms Energy Corp	3,054	$233,631
FTNT	Fortinet, Inc.	1,435	$220,444
TDG	TransDigm Group INC	165	$219,786
C	Citigroup Inc	1,541	$215,678
SU	Suncor Energy Inc	4,000	$214,720
GRAL	GRAIL, Inc.	3,108	$212,183
AON	Aon plc	613	$203,325
PBR	Petrobras - Petroleo Brasileiro SA	11,428	$184,676
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AAXJ	iShares MSCI All Country Asia ex Japan ETF	1,233,071	$103,945,304
VEA	Vanguard FTSE Developed Markets ETF	970,411	$62,183,936
CAAA	First Trust AAA CMBS ETF	664,518	$30,259,428
AFK	VanEck Africa Index ETF	192,913	$18,075,588
VEU	Vanguard FTSE All-World Ex-US ETF	181,691	$13,246,069
VB	Vanguard Morningstar Small-Cap ETF	45,373	$10,715,886
BIV	Vanguard Intermediate-Term Bond ETF	79,762	$6,189,070
BWX	State Street SPDR Bloomberg International Treasury Bond ETF	22,079	$3,222,209
FNDA	Schwab Fundamental U.S. Small Company ETF	92,277	$2,831,058
FCAL	First Trust California Municipal High income ETF	140,771	$2,674,649
BKF	iShares MSCI BIC ETF	22,345	$1,268,972
ABI	VictoryShares Pioneer Asset-Based Income ETF	13,311	$1,244,416
XLBI	State Street Materials Select Sector SPDR Premium Income ETF	8,130	$1,080,477
EDV	Vanguard World Funds Extended Duration ETF	4,079	$869,843
—		3,675	$696,743
ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	2,493	$538,438
IVZ	Invesco Ltd.	15,514	$503,730
VIG	Vanguard Dividend Appreciation ETF	2,145	$461,303
—		7,263	$350,948
—		2,057	$347,324
VXUS	Vanguard Total International Stock ETF	4,089	$315,302
BHP	BHP Group Ltd	3,619	$263,246
TXT	Textron Inc	2,880	$252,172
DOW	Dow Inc.	5,839	$243,194
MPLX	Mplx LP	4,029	$229,935
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

310 tracked positions · $7,494,336,547 total · filing declares 388 positions · $8,228,334,230 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 310 positions by value · page 1 of 7

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	3,041,196	-55,207	$608,512,907	+12.7%	8.12%
AAPL	Apple Inc. Technology	Reduced	1,662,845	-17,064	$481,160,829	+12.9%	6.42%
MSFT	Microsoft Corp Technology	Added	887,243	+5,660	$330,959,383	+1.4%	4.42%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	2,809,432	-22,738	$258,720,592	−1.0%	3.45%
V	Visa Inc. Financial Services	Reduced	705,106	-14,445	$241,914,817	+11.2%	3.23%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	645,494	-7,413	$211,289,551	+10.0%	2.82%
LLY	ELI LILLY & Co Healthcare	Added	172,704	+4,469	$207,146,375	+33.9%	2.76%
RTX	RTX Corp Industrials	Reduced	1,069,878	-24,716	$202,987,952	−3.9%	2.71%
JNJ	Johnson & Johnson Healthcare	Added	657,989	+461	$167,109,466	+4.0%	2.23%
SYK	Stryker Corp Healthcare	Added	519,496	+10,441	$163,558,120	−2.2%	2.18%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	162,277	+911	$151,805,265	−5.6%	2.03%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	428,508	-186	$151,126,201	+7.2%	2.02%
GOOGL	Alphabet Inc. Communication Services	Reduced	401,718	-1,180,090	$143,561,961	−68.4%	1.92%
AMZN	Amazon Com Inc Consumer Cyclical	Added	579,893	+11,927	$138,211,697	+16.8%	1.84%
CB	Chubb Ltd Financial Services	Reduced	384,803	-1,953	$131,117,774	+4.0%	1.75%
ECL	Ecolab Inc. Basic Materials	Reduced	468,722	-1,721	$130,590,636	+4.3%	1.74%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	767,963	-4,012	$116,346,394	−5.6%	1.55%
DHR	Danaher Corp /De/ Healthcare	Reduced	598,324	-14,333	$113,968,755	−1.9%	1.52%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	754,625	-9,227	$110,658,210	+0.3%	1.48%
PANW	Palo Alto Networks Inc Technology	Added	322,392	+21,828	$109,942,119	+128.2%	1.47%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	221,304	+1,635	$109,928,335	+12.1%	1.47%
MDY	Spdr S&P Midcap 400 ETF Trust	Reduced	142,173	-19,381	$99,995,957	+0.4%	1.33%
AVGO	Broadcom Inc. Technology	Added	263,007	+21,566	$99,350,894	+32.9%	1.33%
IDXX	Idexx Laboratories Inc /De Healthcare	Reduced	167,666	-515	$88,266,089	−6.6%	1.18%
WSO	Watsco Inc Industrials	Reduced	209,280	-525	$87,213,254	+14.3%	1.16%
ABBV	AbbVie Inc. Healthcare	Added	345,978	+2,363	$87,061,903	+16.5%	1.16%
META	Meta Platforms, Inc. Communication Services	Added	148,710	+14,741	$83,766,855	+9.3%	1.12%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	298,932	-5,057	$80,804,308	−14.5%	1.08%
IRM	Iron Mountain Inc Real Estate	Reduced	639,322	-12,746	$80,752,761	+21.2%	1.08%
AMP	Ameriprise Financial Inc Financial Services	Reduced	171,132	-2,329	$78,508,516	+1.8%	1.05%
CSCO	Cisco Systems, Inc. Technology	Reduced	629,560	-3,987	$73,948,117	+50.4%	0.99%
MTD	Mettler Toledo International Inc/ Healthcare	Reduced	57,090	-1,717	$72,933,045	−1.7%	0.97%
AJG	Arthur J. Gallagher & Co. Financial Services	Reduced	289,883	-3,405	$66,548,440	+4.8%	0.89%
CVX	Chevron Corp Energy	Reduced	398,635	-1,901	$66,077,737	−20.3%	0.88%
RMD	Resmed Inc Healthcare	Reduced	322,033	-4,374	$62,757,791	−14.3%	0.84%
NEE	Nextera Energy Inc Utilities	Added	696,876	+21,488	$61,164,806	−2.5%	0.82%
WMT	Walmart Inc. Consumer Defensive	Added	526,233	+3,135	$59,601,149	−8.3%	0.80%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	115,656	-1,881	$57,873,105	+1.5%	0.77%
LECO	Lincoln Electric Holdings Inc Industrials	Reduced	208,918	-970	$55,469,818	+6.1%	0.74%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	957,307	-19,288	$54,547,352	+14.6%	0.73%
PEP	Pepsico Inc Consumer Defensive	Reduced	402,525	-13,452	$54,501,885	−15.6%	0.73%
LIN	Linde PLC Basic Materials	Reduced	104,115	-1,155	$54,029,438	+3.5%	0.72%
ABT	Abbott Laboratories Healthcare	Reduced	595,129	-34,707	$54,002,005	−16.5%	0.72%
CSL	Carlisle Companies Inc Industrials	Added	142,765	+2,299	$51,788,003	+10.5%	0.69%
ADP	Automatic Data Processing Inc Technology	Reduced	223,090	-870	$49,961,005	+9.8%	0.67%
ROP	Roper Technologies Inc Technology	Reduced	140,495	-39,625	$47,542,103	−25.4%	0.63%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	263,055	+252,185	$46,886,923	+2.4%	0.63%
XYL	Xylem Inc. Industrials	Reduced	395,967	-17,888	$46,807,259	−5.4%	0.62%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	83,322	-5,612	$41,774,317	−4.4%	0.56%
MRK	Merck & Co., Inc. Healthcare	Reduced	316,952	-416	$40,728,332	+6.7%	0.54%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.