Welch & Forbes LLC

13F filer · CIK 0000105495

Reported Jul 30, 2026

Net seller this quarter

13F portfolio value$8.23BU.S. long equity reported on 13F

Positions31722 new · 7 closed

Net flow last quarter-$75.8MBuys minus sells

Top 10 positions weight37.9%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 30, 2026317 positions
NVDANvidia Corp	$609M	7.40%	0.01%	-1.8%	Q3 2015
AAPLApple Inc.	$481M	5.85%	0.01%	-1.0%	Q2 2013
GOOGAlphabet Inc.	$407M	4.95%	Not reported	-1.6%	Q4 2015
MSFTMicrosoft Corp	$331M	4.02%	0.01%	+0.6%	Q2 2013
ORLYO Reilly Automotive Inc	$259M	3.14%	0.34%	-0.8%	Q2 2013
VVisa Inc.	$242M	2.94%	0.04%	-2.0%	Q2 2013
JPMJPMorgan Chase & Co	$211M	2.57%	0.02%	-1.1%	Q2 2013
LLYELI LILLY & Co	$207M	2.52%	0.02%	+2.7%	Q2 2013
RTXRTX Corp	$203M	2.47%	0.08%	-2.3%	Q2 2020
JNJJohnson & Johnson	$167M	2.03%	0.03%	+0.1%	Q2 2013
SYKStryker Corp	$164M	1.99%	0.14%	+2.1%	Q2 2013
COSTCostco Wholesale Corp	$152M	1.84%	0.04%	+0.6%	Q2 2013
HDHome Depot, Inc.	$151M	1.84%	0.04%	0.0%	Q2 2013
GOOGLAlphabet Inc.	$144M	1.74%	0.00%	-1.9%	Q4 2015
AMZNAmazon Com Inc	$138M	1.68%	0.01%	+2.1%	Q4 2013
CBChubb Ltd	$131M	1.59%	0.10%	-0.5%	Q2 2013
ECLEcolab Inc.	$131M	1.59%	0.17%	-0.4%	Q2 2013
TJXTJX Companies Inc	$116M	1.41%	0.07%	-0.5%	Q2 2013
DHRDanaher Corp	$114M	1.39%	0.09%	-2.3%	Q2 2013
PGPROCTER & GAMBLE Co	$111M	1.34%	0.03%	-1.2%	Q2 2013
PANWPalo Alto Networks Inc	$110M	1.34%	0.04%	+7.3%	Q1 2015
VRTXVertex Pharmaceuticals Inc / Ma	$110M	1.34%	0.09%	+0.7%	Q2 2013
MDYSPDR S&P Midcap 400 ETF Trust	$100M	1.22%	Not reported	-12.0%	Q2 2013
AVGOBroadcom Inc.	$99.4M	1.21%	0.01%	+8.9%	Q1 2016
IDXXIdexx Laboratories Inc	$88.3M	1.07%	0.21%	-0.3%	Q2 2013
WSOWatsco Inc	$87.2M	1.06%	Not reported	-0.3%	Q4 2018
ABBVAbbVie Inc.	$87.1M	1.06%	0.02%	+0.7%	Q2 2013
METAMeta Platforms, Inc.	$83.8M	1.02%	Not reported	+11.0%	Q2 2013
MCDMcdonalds Corp	$80.8M	0.98%	0.04%	-1.7%	Q2 2013
IRMIron Mountain Inc	$80.8M	0.98%	0.21%	-2.0%	Q2 2013
AMPAmeriprise Financial Inc	$78.5M	0.95%	0.19%	-1.3%	Q2 2013
CSCOCisco Systems, Inc.	$73.9M	0.90%	0.02%	-0.6%	Q2 2013
MTDMettler Toledo International Inc/	$72.9M	0.89%	0.28%	-2.9%	Q2 2013
AJGArthur J. Gallagher & Co.	$66.5M	0.81%	0.11%	-1.2%	Q4 2018
CVXChevron Corp	$66.1M	0.80%	0.02%	-0.5%	Q2 2013
RMDResmed Inc	$62.8M	0.76%	0.22%	-1.3%	Q2 2013
NEENextera Energy Inc	$61.2M	0.74%	0.03%	+3.2%	Q2 2013
WMTWalmart Inc.	$59.6M	0.72%	0.01%	+0.6%	Q2 2013
BRK.BBerkshire Hathaway Inc	$57.9M	0.70%	Not reported	-1.6%	Q2 2013
LECOLincoln Electric Holdings Inc	$55.5M	0.67%	0.38%	-0.5%	Q2 2013
BACBank of America Corp	$54.5M	0.66%	0.01%	-2.0%	Q2 2013
PEPPepsico Inc	$54.5M	0.66%	0.03%	-3.2%	Q2 2013
LINLinde PLC	$54M	0.66%	0.02%	-1.1%	Q1 2019
ABTAbbott Laboratories	$54M	0.66%	0.03%	-5.5%	Q2 2013
CSLCarlisle Companies Inc	$51.8M	0.63%	0.36%	+1.6%	Q2 2019
ADPAutomatic Data Processing Inc	$50M	0.61%	0.06%	-0.4%	Q2 2013
ROPRoper Technologies Inc	$47.5M	0.58%	0.14%	-22.0%	Q3 2013
BKNGBooking Holdings Inc.	$46.9M	0.57%	0.03%	-3.2%	Q1 2018
XYLXylem Inc.	$46.8M	0.57%	0.17%	-4.3%	Q1 2016
TMOThermo Fisher Scientific Inc.	$41.8M	0.51%	0.02%	-6.3%	Q2 2013

Q1 2026Reported May 1, 2026300 positions
NVDANvidia Corp	$540M	6.98%	0.01%	-7.2%	Q3 2015
AAPLApple Inc.	$426M	5.51%	0.01%	-1.3%	Q2 2013
GOOGAlphabet Inc.	$336M	4.35%	Not reported	-1.2%	Q4 2015
MSFTMicrosoft Corp	$326M	4.22%	0.01%	-0.7%	Q2 2013
ORLYO Reilly Automotive Inc	$261M	3.38%	0.34%	-1.3%	Q2 2013
VVisa Inc.	$217M	2.81%	0.04%	-0.9%	Q2 2013
RTXRTX Corp	$211M	2.73%	0.08%	-2.6%	Q2 2020
JPMJPMorgan Chase & Co	$192M	2.48%	0.02%	-2.0%	Q2 2013
SYKStryker Corp	$167M	2.16%	0.13%	-0.7%	Q2 2013
COSTCostco Wholesale Corp	$161M	2.08%	0.04%	-0.6%	Q2 2013
JNJJohnson & Johnson	$161M	2.08%	0.03%	-1.9%	Q2 2013
LLYELI LILLY & Co	$155M	2.00%	0.02%	+0.3%	Q2 2013
HDHome Depot, Inc.	$141M	1.82%	0.04%	+0.1%	Q2 2013
CBChubb Ltd	$126M	1.63%	0.10%	-1.8%	Q2 2013
ECLEcolab Inc.	$125M	1.62%	0.17%	-0.4%	Q2 2013
TJXTJX Companies Inc	$123M	1.59%	0.07%	-0.8%	Q2 2013
AMZNAmazon Com Inc	$118M	1.53%	0.01%	+0.9%	Q4 2013
GOOGLAlphabet Inc.	$118M	1.52%	0.00%	-2.8%	Q4 2015
DHRDanaher Corp	$116M	1.50%	0.09%	-1.0%	Q2 2013
PGPROCTER & GAMBLE Co	$110M	1.43%	0.03%	-0.6%	Q2 2013
MDYSPDR S&P Midcap 400 ETF Trust	$99.6M	1.29%	Not reported	-3.1%	Q2 2013
VRTXVertex Pharmaceuticals Inc / Ma	$98.1M	1.27%	0.09%	+0.7%	Q2 2013
IDXXIdexx Laboratories Inc	$94.5M	1.22%	0.21%	-0.1%	Q2 2013
MCDMcdonalds Corp	$94.5M	1.22%	0.04%	-0.8%	Q2 2013
CVXChevron Corp	$82.9M	1.07%	0.02%	-1.8%	Q2 2013
AMPAmeriprise Financial Inc	$77.1M	1.00%	0.19%	-0.2%	Q2 2013
METAMeta Platforms, Inc.	$76.6M	0.99%	Not reported	+3.0%	Q2 2013
WSOWatsco Inc	$76.3M	0.99%	Not reported	-0.4%	Q4 2018
ABBVAbbVie Inc.	$74.7M	0.97%	0.02%	-0.7%	Q2 2013
AVGOBroadcom Inc.	$74.7M	0.97%	0.01%	+5.2%	Q1 2016
MTDMettler Toledo International Inc/	$74.2M	0.96%	0.29%	-0.9%	Q2 2013
RMDResmed Inc	$73.3M	0.95%	0.23%	-0.6%	Q2 2013
IRMIron Mountain Inc	$66.6M	0.86%	0.22%	-0.7%	Q2 2013
WMTWalmart Inc.	$65M	0.84%	0.01%	-2.3%	Q2 2013
ABTAbbott Laboratories	$64.7M	0.84%	0.04%	-0.3%	Q2 2013
PEPPepsico Inc	$64.6M	0.84%	0.03%	-3.1%	Q2 2013
ROPRoper Technologies Inc	$63.7M	0.82%	0.18%	-7.4%	Q3 2013
AJGArthur J. Gallagher & Co.	$63.5M	0.82%	0.11%	-0.3%	Q4 2018
NEENextera Energy Inc	$62.7M	0.81%	0.03%	-0.1%	Q2 2013
BRK.BBerkshire Hathaway Inc	$56.3M	0.73%	Not reported	-0.9%	Q2 2013
LECOLincoln Electric Holdings Inc	$52.3M	0.68%	0.38%	-1.3%	Q2 2013
LINLinde PLC	$52.2M	0.67%	0.02%	+0.7%	Q1 2019
XYLXylem Inc.	$49.5M	0.64%	0.17%	+3.0%	Q1 2016
CSCOCisco Systems, Inc.	$49.2M	0.64%	0.02%	-1.4%	Q2 2013
XOMExxonMobil Holdings Corp	$48.4M	0.63%	0.01%	-1.4%	Q2 2013
PANWPalo Alto Networks Inc	$48.2M	0.62%	0.04%	+28.2%	Q1 2015
LHXL3harris Technologies, Inc.	$47.7M	0.62%	0.07%	-2.0%	Q4 2020
BACBank of America Corp	$47.6M	0.62%	0.01%	-1.4%	Q2 2013
CSLCarlisle Companies Inc	$46.9M	0.61%	0.35%	+6.8%	Q2 2019
BKNGBooking Holdings Inc.	$45.8M	0.59%	0.03%	+2.0%	Q1 2018

Q4 2025Reported Feb 10, 2026304 positions
NVDANvidia Corp	$622M	7.54%	0.01%	-3.6%	Q3 2015
AAPLApple Inc.	$463M	5.61%	0.01%	-1.2%	Q2 2013
MSFTMicrosoft Corp	$429M	5.20%	0.01%	-0.8%	Q2 2013
GOOGAlphabet Inc.	$372M	4.51%	Not reported	-1.4%	Q4 2015
ORLYO Reilly Automotive Inc	$262M	3.17%	0.34%	-0.5%	Q2 2013
VVisa Inc.	$255M	3.08%	0.04%	-0.2%	Q2 2013
JPMJPMorgan Chase & Co	$215M	2.60%	0.02%	-0.8%	Q2 2013
RTXRTX Corp	$206M	2.50%	0.08%	-1.6%	Q2 2020
LLYELI LILLY & Co	$180M	2.18%	0.02%	-0.2%	Q2 2013
SYKStryker Corp	$180M	2.18%	0.13%	-0.2%	Q2 2013
HDHome Depot, Inc.	$147M	1.79%	0.04%	+0.2%	Q2 2013
DHRDanaher Corp	$142M	1.72%	0.09%	-0.5%	Q2 2013
COSTCostco Wholesale Corp	$140M	1.70%	0.04%	+0.2%	Q2 2013
JNJJohnson & Johnson	$139M	1.68%	0.03%	-0.9%	Q2 2013
GOOGLAlphabet Inc.	$132M	1.60%	0.00%	-1.9%	Q4 2015
AMZNAmazon Com Inc	$130M	1.57%	0.01%	+2.4%	Q4 2013
ECLEcolab Inc.	$124M	1.50%	0.17%	-0.3%	Q2 2013
CBChubb Ltd	$123M	1.49%	0.10%	-1.1%	Q2 2013
TJXTJX Companies Inc	$120M	1.45%	0.07%	-0.4%	Q2 2013
IDXXIdexx Laboratories Inc	$114M	1.38%	0.21%	-0.4%	Q2 2013
PGPROCTER & GAMBLE Co	$110M	1.33%	0.03%	-2.5%	Q2 2013
MDYSPDR S&P Midcap 400 ETF Trust	$101M	1.22%	Not reported	-1.1%	Q2 2013
VRTXVertex Pharmaceuticals Inc / Ma	$98.9M	1.20%	0.09%	-1.0%	Q2 2013
MCDMcdonalds Corp	$93.6M	1.13%	0.04%	-0.4%	Q2 2013
ROPRoper Technologies Inc	$86.6M	1.05%	0.18%	-2.6%	Q3 2013
METAMeta Platforms, Inc.	$85.8M	1.04%	Not reported	+3.1%	Q2 2013
AMPAmeriprise Financial Inc	$85.3M	1.03%	0.19%	-0.6%	Q2 2013
MTDMettler Toledo International Inc/	$82.7M	1.00%	0.27%	-0.6%	Q2 2013
AVGOBroadcom Inc.	$79.5M	0.96%	0.00%	+8.4%	Q1 2016
ABTAbbott Laboratories	$79.2M	0.96%	0.04%	0.0%	Q2 2013
RMDResmed Inc	$79.1M	0.96%	0.23%	-0.4%	Q2 2013
ABBVAbbVie Inc.	$79M	0.96%	0.02%	-0.7%	Q2 2013
AJGArthur J. Gallagher & Co.	$76.2M	0.92%	0.11%	+0.5%	Q4 2018
WSOWatsco Inc	$71M	0.86%	Not reported	-1.2%	Q4 2018
CVXChevron Corp	$62.1M	0.75%	0.02%	-1.8%	Q2 2013
PEPPepsico Inc	$61.6M	0.75%	0.03%	-2.6%	Q2 2013
BRK.BBerkshire Hathaway Inc	$59.6M	0.72%	Not reported	-1.7%	Q2 2013
WMTWalmart Inc.	$59.6M	0.72%	0.01%	+1.1%	Q2 2013
ADPAutomatic Data Processing Inc	$58.3M	0.71%	0.06%	-0.9%	Q2 2013
BKNGBooking Holdings Inc.	$57.1M	0.69%	0.03%	-0.8%	Q1 2018
XYLXylem Inc.	$54.7M	0.66%	0.17%	+2.2%	Q1 2016
BACBank of America Corp	$54.4M	0.66%	0.01%	-1.6%	Q2 2013
IRMIron Mountain Inc	$54.4M	0.66%	0.22%	-0.4%	Q2 2013
NEENextera Energy Inc	$54.3M	0.66%	0.03%	+0.5%	Q2 2013
TMOThermo Fisher Scientific Inc.	$51.6M	0.63%	0.02%	-0.7%	Q2 2013
LECOLincoln Electric Holdings Inc	$51M	0.62%	0.39%	-1.3%	Q2 2013
CSCOCisco Systems, Inc.	$49.5M	0.60%	0.02%	-0.7%	Q2 2013
LINLinde PLC	$44.6M	0.54%	0.02%	+0.8%	Q1 2019
PANWPalo Alto Networks Inc	$43.2M	0.52%	0.03%	+58.9%	Q1 2015
CSLCarlisle Companies Inc	$42.1M	0.51%	0.32%	-6.5%	Q2 2019

Q3 2025Reported Nov 4, 2025314 positions
NVDANvidia Corp	$646M	7.78%	0.01%	-2.2%	Q3 2015
MSFTMicrosoft Corp	$463M	5.58%	0.01%	-0.4%	Q2 2013
AAPLApple Inc.	$439M	5.28%	0.01%	-0.8%	Q2 2013
ORLYO Reilly Automotive Inc	$311M	3.75%	0.34%	-2.1%	Q2 2013
GOOGAlphabet Inc.	$293M	3.53%	Not reported	-0.4%	Q4 2015
VVisa Inc.	$248M	2.99%	0.04%	-0.7%	Q2 2013
JPMJPMorgan Chase & Co	$212M	2.55%	0.02%	-1.3%	Q2 2013
RTXRTX Corp	$191M	2.30%	0.09%	-1.2%	Q2 2020
SYKStryker Corp	$190M	2.29%	0.13%	-0.2%	Q2 2013
HDHome Depot, Inc.	$173M	2.09%	0.04%	-0.2%	Q2 2013
COSTCostco Wholesale Corp	$150M	1.81%	0.04%	-0.7%	Q2 2013
ECLEcolab Inc.	$130M	1.56%	0.17%	-0.2%	Q2 2013
LLYELI LILLY & Co	$128M	1.55%	0.02%	+12.6%	Q2 2013
JNJJohnson & Johnson	$125M	1.51%	0.03%	-1.6%	Q2 2013
DHRDanaher Corp	$123M	1.49%	0.09%	-10.5%	Q2 2013
PGPROCTER & GAMBLE Co	$121M	1.46%	0.03%	-0.3%	Q2 2013
AMZNAmazon Com Inc	$121M	1.45%	0.01%	+0.4%	Q4 2013
TJXTJX Companies Inc	$113M	1.36%	0.07%	-0.5%	Q2 2013
FISVFiserv Inc	$112M	1.35%	0.16%	+0.8%	Q2 2013
CBChubb Ltd	$112M	1.35%	0.10%	-0.7%	Q2 2013
IDXXIdexx Laboratories Inc	$108M	1.30%	0.21%	-0.1%	Q2 2013
GOOGLAlphabet Inc.	$104M	1.26%	0.00%	-0.4%	Q4 2015
MDYSPDR S&P Midcap 400 ETF Trust	$100M	1.21%	Not reported	-0.5%	Q2 2013
ROPRoper Technologies Inc	$99.6M	1.20%	0.19%	-0.4%	Q3 2013
MCDMcdonalds Corp	$93.5M	1.13%	0.04%	-1.1%	Q2 2013
METAMeta Platforms, Inc.	$92.7M	1.12%	Not reported	+1.7%	Q2 2013
AJGArthur J. Gallagher & Co.	$90.7M	1.09%	0.11%	-0.6%	Q4 2018
RMDResmed Inc	$90.3M	1.09%	0.23%	-0.5%	Q2 2013
VRTXVertex Pharmaceuticals Inc / Ma	$86.3M	1.04%	0.09%	+1.4%	Q2 2013
WSOWatsco Inc	$86.2M	1.04%	Not reported	+0.5%	Q4 2018
AMPAmeriprise Financial Inc	$85.9M	1.03%	0.19%	-0.6%	Q2 2013
ABTAbbott Laboratories	$84.6M	1.02%	0.04%	-0.4%	Q2 2013
ABBVAbbVie Inc.	$80.7M	0.97%	0.02%	-0.4%	Q2 2013
MTDMettler Toledo International Inc/	$73.3M	0.88%	0.29%	-1.0%	Q2 2013
AVGOBroadcom Inc.	$69.9M	0.84%	0.00%	+3.4%	Q1 2016
IRMIron Mountain Inc	$67.2M	0.81%	0.22%	-1.5%	Q2 2013
ADPAutomatic Data Processing Inc	$67.1M	0.81%	0.06%	-3.7%	Q2 2013
CVXChevron Corp	$64.5M	0.78%	0.02%	-0.1%	Q2 2013
PEPPepsico Inc	$61.9M	0.75%	0.03%	-17.3%	Q2 2013
BRK.BBerkshire Hathaway Inc	$60.7M	0.73%	Not reported	-0.4%	Q2 2013
XYLXylem Inc.	$58M	0.70%	0.16%	+3.2%	Q1 2016
BKNGBooking Holdings Inc.	$58M	0.70%	0.03%	+26.9%	Q1 2018
WMTWalmart Inc.	$54.6M	0.66%	0.01%	+0.6%	Q2 2013
BACBank of America Corp	$51.9M	0.62%	0.01%	-0.6%	Q2 2013
LECOLincoln Electric Holdings Inc	$50.8M	0.61%	0.39%	0.0%	Q2 2013
NEENextera Energy Inc	$50.8M	0.61%	0.03%	+0.8%	Q2 2013
NOWServiceNow, Inc.	$49.7M	0.60%	0.03%	+3.1%	Q4 2020
LINLinde PLC	$49.3M	0.59%	0.02%	+0.6%	Q1 2019
PAYXPaychex Inc	$47.1M	0.57%	0.10%	-0.6%	Q2 2013
CSLCarlisle Companies Inc	$46.3M	0.56%	0.34%	+3.1%	Q2 2019

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