Welch & Forbes LLC Top Holdings and 13F Report (2025)

About Welch & Forbes LLC

Investment Activity

Welch & Forbes LLC has $7.64 billion in total holdings as of March 31, 2025.
Welch & Forbes LLC owns shares of 370 different stocks, but just 53 companies or ETFs make up 80% of its holdings.
Approximately 1.06% of the portfolio was purchased this quarter.
About 1.91% of the portfolio was sold this quarter.
This quarter, Welch & Forbes LLC has purchased 379 new stocks and bought additional shares in 90 stocks.
Welch & Forbes LLC sold shares of 193 stocks and completely divested from 19 stocks this quarter.

Largest Holdings

NVIDIA: $390,070,972
Apple: $387,098,276
Microsoft: $339,498,195
O'Reilly Automotive: $284,145,266
Visa: $258,640,348

Largest New Holdings this Quarter

969457100 - Williams Companies: $430,810 Holding
49456B101 - Kinder Morgan: $348,122 Holding
92206C102 - Vanguard Short-Term Treasury Index ETF: $329,368 Holding
038336103 - AptarGroup: $224,054 Holding
55336V100 - Mplx: $215,632 Holding

Largest Purchases this Quarter

ServiceNow: 20,615 shares (about $16.41M)
Carlisle Companies: 24,803 shares (about $8.45M)
Broadcom: 32,685 shares (about $5.47M)
Vertex Pharmaceuticals: 9,858 shares (about $4.78M)
iShares Core S&P Small-Cap ETF: 44,940 shares (about $4.70M)

Largest Sales this Quarter

NVIDIA: 388,804 shares (about $42.14M)
Comcast: 360,962 shares (about $13.32M)
Constellation Brands: 42,351 shares (about $7.77M)
Boston Scientific: 34,174 shares (about $3.45M)
Apple: 15,513 shares (about $3.45M)

Sector Allocation Over Time

Selling

Neutral

Buying

Latest 13F Holdings and Changes Since Previous Quarterly Filing

Issuer Name	Holdings Value	Approximate Purchase/Sale	Change in Shares	Shares Held	% of Portfolio	Sector
NVDA NVIDIA	$390,070,972	$42,138,586 ▼	-9.7%	3,599,104	5.1%	Computer and Technology
AAPL Apple	$387,098,276	$3,445,904 ▼	-0.9%	1,742,665	5.1%	Computer and Technology
MSFT Microsoft	$339,498,195	$471,491 ▼	-0.1%	904,386	4.4%	Computer and Technology
ORLY O'Reilly Automotive	$284,145,266	$2,898,111 ▼	-1.0%	198,345	3.7%	Retail/Wholesale
V Visa	$258,640,348	$2,364,906 ▼	-0.9%	738,002	3.4%	Business Services
SYK Stryker	$192,328,487	$208,088 ▼	-0.1%	516,664	2.5%	Medical
FI Fiserv	$189,802,648	$3,370,973 ▼	-1.7%	859,496	2.5%	Business Services
GOOG Alphabet	$189,206,197	$1,346,235 ▲	0.7%	1,211,074	2.5%	Computer and Technology
JPM JPMorgan Chase & Co.	$169,211,820	$2,118,413 ▼	-1.2%	689,815	2.2%	Finance
HD Home Depot	$157,944,492	$117,277 ▲	0.1%	430,965	2.1%	Retail/Wholesale
COST Costco Wholesale	$156,631,715	$2,032,483 ▼	-1.3%	165,611	2.0%	Retail/Wholesale
RTX RTX	$154,156,547	$1,002,855 ▼	-0.6%	1,163,796	2.0%	Aerospace
DHR Danaher	$141,573,409	$1,178,545 ▲	0.8%	690,602	1.9%	Medical
PG Procter & Gamble	$135,589,076	$227,681 ▲	0.2%	795,617	1.8%	Consumer Staples
LLY Eli Lilly and Company	$122,676,609	$1,284,291 ▲	1.1%	148,535	1.6%	Medical
ANSS ANSYS	$122,422,940	$2,862,019 ▼	-2.3%	386,729	1.6%	Computer and Technology
CB Chubb	$122,112,598	$454,798 ▼	-0.4%	404,359	1.6%	Finance
ECL Ecolab	$119,589,181	$769,180 ▲	0.6%	471,715	1.6%	Basic Materials
ROP Roper Technologies	$117,742,849	$364,951 ▼	-0.3%	199,706	1.5%	Computer and Technology
JNJ Johnson & Johnson	$113,964,751	$897,029 ▼	-0.8%	687,197	1.5%	Medical
WSO Watsco	$107,890,463	$1,028,801 ▼	-0.9%	212,257	1.4%	Construction
AJG Arthur J. Gallagher & Co.	$102,842,315	$778,517 ▼	-0.8%	297,886	1.3%	Finance
AMZN Amazon.com	$101,355,788	$2,141,378 ▲	2.2%	532,722	1.3%	Retail/Wholesale
VRTX Vertex Pharmaceuticals	$100,667,611	$4,779,359 ▲	5.0%	207,639	1.3%	Medical
MCD McDonald's	$97,626,040	$9,059 ▲	0.0%	312,533	1.3%	Retail/Wholesale
TJX TJX Companies	$95,551,731	$351,271 ▼	-0.4%	784,497	1.3%	Retail/Wholesale
MDY SPDR S&P MidCap 400 ETF Trust	$90,629,699	$1,047,221 ▼	-1.1%	169,884	1.2%	ETF
AMP Ameriprise Financial	$86,428,750	$710,674 ▼	-0.8%	178,531	1.1%	Finance
ABT Abbott Laboratories	$84,170,114	$221,128 ▼	-0.3%	634,527	1.1%	Medical
PEP PepsiCo	$83,403,368	$1,080,769 ▼	-1.3%	556,244	1.1%	Consumer Staples
ABBV AbbVie	$74,300,819	$1,869,756 ▼	-2.5%	354,624	1.0%	Medical
RMD ResMed	$73,846,508	$475,011 ▲	0.6%	329,892	1.0%	Medical
ADP Automatic Data Processing	$73,674,768	$435,685 ▼	-0.6%	241,138	1.0%	Business Services
MTD Mettler-Toledo International	$72,074,535	$325,931 ▼	-0.5%	61,033	0.9%	Medical
IDXX IDEXX Laboratories	$71,326,898	$221,314 ▲	0.3%	169,846	0.9%	Medical
CVX Chevron	$69,368,063	$301,457 ▲	0.4%	414,657	0.9%	Energy
META Meta Platforms	$68,777,628	$3,719,828 ▲	5.7%	119,331	0.9%	Computer and Technology
KMX CarMax	$68,083,621	$266,486 ▲	0.4%	873,763	0.9%	Retail/Wholesale
GOOGL Alphabet	$67,329,642	$712,890 ▼	-1.0%	435,396	0.9%	Computer and Technology
BRK.B Berkshire Hathaway	$65,425,386	$842,542 ▼	-1.3%	122,846	0.9%	Finance
PAYX Paychex	$58,427,533	$913,800 ▼	-1.5%	378,711	0.8%	Business Services
IRM Iron Mountain	$57,994,522	$492,148 ▼	-0.8%	674,042	0.8%	Business Services
CHD Church & Dwight	$49,485,953	$25,211 ▲	0.1%	449,504	0.6%	Consumer Staples
VEA Vanguard FTSE Developed Markets ETF	$48,746,435	$2,195,045 ▲	4.7%	959,008	0.6%	ETF
LINDE PLC	$47,622,868	$1,013,223 ▲	2.2%	102,275	0.6%	SHS
WMT Walmart	$45,682,742	$686,168 ▲	1.5%	520,363	0.6%	Retail/Wholesale
TMO Thermo Fisher Scientific	$45,664,255	$367,229 ▲	0.8%	91,769	0.6%	Medical
ADBE Adobe	$45,354,831	$515,466 ▲	1.1%	118,256	0.6%	Computer and Technology
XYL Xylem	$44,059,564	$2,841,959 ▲	6.9%	368,822	0.6%	Business Services
NEE NextEra Energy	$42,532,853	$3,486,948 ▲	8.9%	599,982	0.6%	Utilities
BAC Bank of America	$42,209,279	$379,410 ▼	-0.9%	1,011,483	0.6%	Finance
CSCO Cisco Systems	$40,333,566	$916,087 ▲	2.3%	653,597	0.5%	Computer and Technology
CSL Carlisle Companies	$40,196,636	$8,445,478 ▲	26.6%	118,051	0.5%	Multi-Sector Conglomerates
EMLP First Trust North American Energy Infrastructure Fund	$39,921,818	$429,861 ▼	-1.1%	1,064,865	0.5%	ETF
LECO Lincoln Electric	$39,891,775	$1,343,982 ▲	3.5%	210,889	0.5%	Industrials
CTAS Cintas	$39,563,706	$109,547 ▼	-0.3%	192,496	0.5%	Business Services
BKNG Booking	$39,066,640	$299,449 ▼	-0.8%	8,480	0.5%	Retail/Wholesale
AOS A. O. Smith	$38,757,247	$1,592,693 ▲	4.3%	592,981	0.5%	Industrials
ACN Accenture	$38,306,968	$416,261 ▲	1.1%	122,763	0.5%	Computer and Technology
AFL Aflac	$37,962,970	$1,573,562 ▼	-4.0%	341,424	0.5%	Finance
XOM Exxon Mobil	$36,666,125	$614,749 ▼	-1.6%	308,300	0.5%	Energy
NOW ServiceNow	$34,129,783	$16,412,454 ▲	92.6%	42,869	0.4%	Computer and Technology
VZ Verizon Communications	$32,926,385	$325,685 ▼	-1.0%	725,890	0.4%	Computer and Technology
MRK Merck & Co., Inc.	$30,299,182	$2,057,657 ▼	-6.4%	337,558	0.4%	Medical
FTSL First Trust Senior Loan ETF	$30,144,250	$1,235,426 ▲	4.3%	660,334	0.4%	Manufacturing
LHX L3Harris Technologies	$29,639,635	$725,889 ▲	2.5%	141,606	0.4%	Aerospace
AVGO Broadcom	$29,159,363	$5,472,466 ▲	23.1%	174,158	0.4%	Computer and Technology
CMCSA Comcast	$29,083,437	$13,319,549 ▼	-31.4%	788,166	0.4%	Consumer Discretionary
DOV Dover	$28,286,770	$57,096 ▼	-0.2%	161,013	0.4%	Industrials
OTIS Otis Worldwide	$27,238,895	$1,404,241 ▼	-4.9%	263,943	0.4%	Construction
TSCO Tractor Supply	$26,821,197	$101,880 ▲	0.4%	486,771	0.4%	Retail/Wholesale
AXP American Express	$24,121,438	$58,653 ▼	-0.2%	89,654	0.3%	Finance
SPY SPDR S&P 500 ETF Trust	$23,733,258	$2,252,665 ▼	-8.7%	42,427	0.3%	Finance
MCO Moody's	$22,755,956	$282,208 ▲	1.3%	48,865	0.3%	Finance
OMC Omnicom Group	$22,593,029	$984,144 ▼	-4.2%	272,500	0.3%	Business Services
QCOM QUALCOMM	$22,101,730	$235,638 ▼	-1.1%	143,882	0.3%	Computer and Technology
KO Coca-Cola	$21,200,544	$257,116 ▼	-1.2%	296,014	0.3%	Consumer Staples
PFF iShares Preferred and Income Securities ETF	$20,642,254	$556,306 ▲	2.8%	671,729	0.3%	ETF
GSK GSK	$20,120,200	$18,208 ▼	-0.1%	519,365	0.3%	Medical
ORCL Oracle	$15,982,951	$58,580 ▲	0.4%	114,319	0.2%	Computer and Technology
EQIX Equinix	$15,601,764	$925,425 ▲	6.3%	19,135	0.2%	Finance
EW Edwards Lifesciences	$15,456,142	$1,483,521 ▼	-8.8%	213,247	0.2%	Medical
IBM International Business Machines	$14,921,654	$367,521 ▼	-2.4%	60,008	0.2%	Computer and Technology
CMI Cummins	$14,351,794	$44,508 ▼	-0.3%	45,788	0.2%	Auto/Tires/Trucks
SHOP Shopify	$13,711,025	$1,818,894 ▲	15.3%	143,601	0.2%	Computer and Technology
LANC Lancaster Colony	$13,468,175	$71,925 ▼	-0.5%	76,961	0.2%	Consumer Staples
EMR Emerson Electric	$13,255,033	$392,292 ▼	-2.9%	120,896	0.2%	Industrials
BDX Becton, Dickinson and Company	$12,898,618	$1,388,564 ▼	-9.7%	56,311	0.2%	Medical
EXPD Expeditors International of Washington	$12,469,573	$212,241 ▼	-1.7%	103,697	0.2%	Transportation
BALL Ball	$12,341,140	$2,456,044 ▼	-16.6%	237,010	0.2%	Industrials
BSX Boston Scientific	$11,328,018	$3,447,473 ▼	-23.3%	112,292	0.1%	Medical
GDX VanEck Gold Miners ETF	$11,130,359	$515,786 ▲	4.9%	242,121	0.1%	ETF
PGR Progressive	$11,035,127	$15,000 ▼	-0.1%	38,992	0.1%	Finance
SBUX Starbucks	$10,833,369	$360,776 ▼	-3.2%	110,443	0.1%	Retail/Wholesale
APD Air Products and Chemicals	$10,771,956	$9,437 ▲	0.1%	36,525	0.1%	Basic Materials
PFE Pfizer	$10,568,234	$219,470 ▼	-2.0%	417,057	0.1%	Medical
IJR iShares Core S&P Small-Cap ETF	$10,294,932	$4,699,383 ▲	84.0%	98,450	0.1%	ETF
SHW Sherwin-Williams	$9,904,077	$116,280 ▼	-1.2%	28,363	0.1%	Basic Materials
CGNX Cognex	$9,854,126	$151,447 ▲	1.6%	330,342	0.1%	Computer and Technology
IVV iShares Core S&P 500 ETF	$9,697,274	$715,861 ▼	-6.9%	17,258	0.1%	ETF

Showing largest 100 holdings. View all holdings.

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Welch & Forbes LLC Top Holdings and 13F Report (2025)

About Welch & Forbes LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

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Welch & Forbes LLC Top Holdings and 13F Report (2025)

About Welch & Forbes LLC

Investment Activity

Largest Holdings

Largest New Holdings this Quarter

Largest Purchases this Quarter

Largest Sales this Quarter

Sector Allocation Over Time

Map of 500 Largest Holdings ofWelch & Forbes LLC

Latest 13F Holdings and Changes Since Previous Quarterly Filing

More Institutional Buying and Selling Information

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools