Welch & Forbes LLC
Filing Date
Global Rank
#523
/ 8,622
▼ 4
· as of Mar 2026
Top Industry
Semiconductors
9.5%
3Y Alpha vs SPY
-7.5%
Period ended 4 months ago
Filed May 1, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+49.6%
SPY
+67.9%
Annualised alpha
-4.5%
Max drawdown
−15.3%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
294 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
7.6%
−0.6 pts
Top 5
25.0%
−1.8 pts
Top 10
37.6%
−1.5 pts
HHI
232
Diversified−17
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 25.7% | $1,818,063,642 |
| Healthcare | 18.0% | $1,272,569,185 |
| Financial Services | 12.9% | $913,887,522 |
| Consumer Cyclical | 12.0% | $846,963,465 |
| Industrials | 10.7% | $761,309,283 |
| Consumer Defensive | 6.9% | $492,122,859 |
| Communication Services | 3.8% | $268,152,869 |
| Basic Materials | 2.9% | $205,034,741 |
| Unclassified | 2.4% | $172,953,192 |
| Energy | 2.2% | $156,051,582 |
| Real Estate | 1.3% | $93,932,028 |
| Utilities | 1.2% | $85,161,758 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NFLX | Netflix Inc | +115,125 | 118,448 | $11,388,775 | |
| PANW | Palo Alto Networks Inc | +66,141 | 300,564 | $48,186,420 | |
| NOW | ServiceNow, Inc. | +58,687 | 284,864 | $29,782,531 | |
| XYL | Xylem Inc. | +12,023 | 413,855 | $49,455,672 | |
| AVGO | Broadcom Inc. | +11,865 | 241,441 | $74,728,403 | |
| CHEF | Chefs' Warehouse, Inc. | +11,150 | 64,255 | $3,819,959 | |
| CSL | Carlisle Companies Inc | +8,940 | 140,466 | $46,862,266 | |
| AMZN | Amazon Com Inc | +4,800 | 567,966 | $118,290,278 | |
| META | Meta Platforms, Inc. | +3,938 | 133,969 | $76,647,683 | |
| WAT | Waters Corp /De/ | +3,863 | 7,601 | $2,263,577 | |
| MKC | Mccormick & Co Inc | +2,358 | 19,531 | $985,143 | |
| VRTX | Vertex Pharmaceuticals Inc / Ma | +1,471 | 219,669 | $98,090,995 | |
| ORCL | Oracle Corp | +1,280 | 113,935 | $16,760,977 | |
| FAST | Fastenal Co | +1,075 | 67,259 | $3,120,817 | |
| TXN | Texas Instruments Inc | +1,010 | 28,613 | $5,554,927 | |
| GLD | Spdr Gold Trust | +830 | 3,432 | $1,476,755 | |
| LIN | Linde PLC | +700 | 105,270 | $52,188,655 | |
| EQIX | Equinix Inc | +615 | 25,794 | $25,284,310 | |
| SHOP | Shopify Inc. | +597 | 153,531 | $18,211,847 | |
| MCO | Moodys Corp /De/ | +580 | 50,795 | $22,159,318 | |
| BP | Bp PLC | +558 | 12,411 | $583,317 | |
| WST | West Pharmaceutical Services Inc | +552 | 3,413 | $855,434 | |
| GE | General Electric Co | +499 | 45,782 | $12,991,558 | |
| ENB | Enbridge Inc | +445 | 10,738 | $581,355 | |
| T | At&T Inc. | +432 | 133,287 | $3,863,990 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NVDA | Nvidia Corp | −240,909 | 3,096,403 | $540,012,683 | |
| CMCSA | Comcast Corp | −96,767 | 157,713 | $4,527,940 | |
| ADBE | Adobe Inc. | −63,022 | 12,033 | $2,924,981 | |
| FISV | Fiserv Inc | −50,990 | 506,394 | $28,256,785 | |
| ORLY | O Reilly Automotive Inc | −37,617 | 2,832,170 | $261,437,612 | |
| UBER | Uber Technologies, Inc | −30,703 | 224,048 | $16,115,772 | |
| RTX | RTX Corp | −28,646 | 1,094,594 | $211,147,182 | |
| CHD | Church & Dwight Co Inc /De/ | −28,420 | 378,902 | $35,359,134 | |
| AAPL | Apple Inc. | −22,288 | 1,679,909 | $426,344,105 | |
| KMX | Carmax Inc | −19,740 | 426,833 | $17,747,716 | |
| ROP | Roper Technologies Inc | −14,343 | 180,120 | $63,737,263 | |
| OMC | Omnicom Group Inc. | −14,131 | 238,369 | $17,951,569 | |
| BAC | Bank Of America Corp /De/ | −13,383 | 976,595 | $47,609,006 | |
| PEP | Pepsico Inc | −13,196 | 415,977 | $64,597,068 | |
| JPM | Jpmorgan Chase & Co | −13,050 | 652,907 | $192,059,123 | |
| JNJ | Johnson & Johnson | −12,566 | 657,528 | $160,726,144 | |
| VZ | Verizon Communications Inc | −12,400 | 652,264 | $32,743,652 | |
| WMT | Walmart Inc. | −12,131 | 523,098 | $65,010,619 | |
| GOOGL | Alphabet Inc. | −11,680 | 409,445 | $117,740,004 | |
| BALL | BALL Corp | −10,698 | 67,392 | $3,983,541 | |
| SPY | Spdr S&P 500 ETF Trust | −10,530 | 45,628 | $29,673,713 | |
| ICLR | Icon PLC | −10,105 | 8,605 | $952,229 | |
| TSCO | Tractor Supply Co /De/ | −9,931 | 477,916 | $21,649,594 | |
| PFE | Pfizer Inc | −9,079 | 346,584 | $9,732,078 | |
| CSCO | Cisco Systems, Inc. | −8,929 | 633,547 | $49,156,911 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| EPD | Enterprise Products Partners L.P. | 29,295 | $1,108,522 | |
| DOW | Dow Inc. | 5,839 | $243,194 | |
| FDX | Fedex Corp | 666 | $237,215 | |
| EQT | EQT Corp | 3,250 | $206,830 | |
| AME | Ametek Inc/ | 962 | $206,214 | |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 603 | $203,783 | |
| MIST | Milestone Pharmaceuticals Inc. | 25,000 | $29,750 | |
| DRMA | Dermata Therapeutics, Inc. | 20,000 | $24,200 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BSX | Boston Scientific Corp | 111,739 | $10,654,313 | |
| ADSK | Autodesk, Inc. | 1,159 | $343,075 | |
| SGI | Somnigroup International Inc. | 3,540 | $316,051 | |
| MORN | Morningstar, Inc. | 1,359 | $295,324 | |
| GRAL | GRAIL, Inc. | 3,108 | $266,013 | |
| LYV | Live Nation Entertainment, Inc. | 1,793 | $255,502 | |
| SOLV | Solventum Corp | 3,200 | $253,568 | |
| UBS | UBS Group AG | 5,008 | $231,920 | |
| TDG | TransDigm Group INC | 174 | $231,393 | |
| AON | Aon plc | 613 | $216,315 | |
| MLM | Martin Marietta Materials Inc | 324 | $201,741 | |
| No positions match the current search. | ||||
294 tracked positions ·
$7,086,202,126 total
· filing declares
368 positions · $7,734,743,701
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 294 positions by value
· page 1 of 6
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NVDA |
Nvidia Corp
Technology
|
Reduced | 3,096,403 | $540,012,683 | 7.62% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 1,679,909 | $426,344,105 | 6.02% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 881,583 | $326,335,579 | 4.61% | |
| ORLY |
O Reilly Automotive Inc
Consumer Cyclical
|
Reduced | 2,832,170 | $261,437,612 | 3.69% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 719,551 | $217,477,094 | 3.07% | |
| RTX |
RTX Corp
Industrials
|
Reduced | 1,094,594 | $211,147,182 | 2.98% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 652,907 | $192,059,123 | 2.71% | |
| SYK |
Stryker Corp
Healthcare
|
Reduced | 509,055 | $167,270,382 | 2.36% | |
| COST |
Costco Wholesale Corp /New
Consumer Defensive
|
Reduced | 161,366 | $160,789,923 | 2.27% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 657,528 | $160,726,144 | 2.27% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 168,235 | $154,737,505 | 2.18% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 428,694 | $140,993,169 | 1.99% | |
| CB |
Chubb Ltd
Financial Services
|
Reduced | 386,756 | $126,055,383 | 1.78% | |
| ECL |
Ecolab Inc.
Basic Materials
|
Reduced | 470,443 | $125,147,246 | 1.77% | |
| TJX |
Tjx Companies Inc /De/
Consumer Cyclical
|
Reduced | 771,975 | $123,284,407 | 1.74% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 567,966 | $118,290,278 | 1.67% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 409,445 | $117,740,004 | 1.66% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Reduced | 612,657 | $116,159,767 | 1.64% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 763,852 | $110,330,782 | 1.56% | |
| MDY |
Spdr S&P Midcap 400 ETF Trust
|
Reduced | 161,554 | $99,640,045 | 1.41% | |
| VRTX |
Vertex Pharmaceuticals Inc / Ma
Healthcare
|
Added | 219,669 | $98,090,995 | 1.38% | |
| IDXX |
Idexx Laboratories Inc /De
Healthcare
|
Reduced | 168,181 | $94,499,222 | 1.33% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Reduced | 303,989 | $94,476,741 | 1.33% | |
| CVX |
Chevron Corp
Energy
|
Reduced | 400,536 | $82,870,898 | 1.17% | |
| AMP |
Ameriprise Financial Inc
Financial Services
|
Reduced | 173,461 | $77,086,068 | 1.09% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Added | 133,969 | $76,647,683 | 1.08% | |
| WSO |
Watsco Inc
Industrials
|
Reduced | 209,805 | $76,324,960 | 1.08% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Reduced | 343,615 | $74,732,826 | 1.05% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 241,441 | $74,728,403 | 1.05% | |
| MTD |
Mettler Toledo International Inc/
Healthcare
|
Reduced | 58,807 | $74,167,388 | 1.05% | |
| RMD |
Resmed Inc
Healthcare
|
Reduced | 326,407 | $73,271,843 | 1.03% | |
| IRM |
Iron Mountain Inc
Real Estate
|
Reduced | 652,068 | $66,602,225 | 0.94% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Reduced | 523,098 | $65,010,619 | 0.92% | |
| ABT |
Abbott Laboratories
Healthcare
|
Reduced | 629,836 | $64,665,262 | 0.91% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Reduced | 415,977 | $64,597,068 | 0.91% | |
| ROP |
Roper Technologies Inc
Technology
|
Reduced | 180,120 | $63,737,263 | 0.90% | |
| AJG |
Arthur J. Gallagher & Co.
Financial Services
|
Reduced | 293,288 | $63,520,315 | 0.90% | |
| NEE |
Nextera Energy Inc
Utilities
|
Reduced | 675,388 | $62,730,037 | 0.89% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Reduced | 117,536 | $56,323,251 | 0.79% | |
| LECO |
Lincoln Electric Holdings Inc
Industrials
|
Reduced | 209,888 | $52,278,903 | 0.74% | |
| LIN |
Linde PLC
Basic Materials
|
Added | 105,270 | $52,188,655 | 0.74% | |
| XYL |
Xylem Inc.
Industrials
|
Added | 413,855 | $49,455,672 | 0.70% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 633,547 | $49,156,911 | 0.69% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 284,982 | $48,350,046 | 0.68% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 300,564 | $48,186,420 | 0.68% | |
| LHX |
L3harris Technologies, Inc. /De/
Industrials
|
Reduced | 138,096 | $47,663,834 | 0.67% | |
| BAC |
Bank Of America Corp /De/
Financial Services
|
Reduced | 976,595 | $47,609,006 | 0.67% | |
| CSL |
Carlisle Companies Inc
Industrials
|
Added | 140,466 | $46,862,266 | 0.66% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Added | 10,870 | $45,766,178 | 0.65% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Reduced | 223,960 | $45,504,192 | 0.64% |
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.