Welch & Forbes LLC Top Holdings and 13F Report (2025) About Welch & Forbes LLCInvestment ActivityWelch & Forbes LLC has $8.23 billion in total holdings as of June 30, 2025.Welch & Forbes LLC owns shares of 388 different stocks, but just 51 companies or ETFs make up 80% of its holdings.Approximately 1.61% of the portfolio was purchased this quarter.About 1.97% of the portfolio was sold this quarter.This quarter, Welch & Forbes LLC has purchased 368 new stocks and bought additional shares in 120 stocks.Welch & Forbes LLC sold shares of 166 stocks and completely divested from 10 stocks this quarter.Largest Holdings NVIDIA $608,513,126Apple $481,160,795Alphabet $407,470,547Microsoft $330,960,019O'Reilly Automotive $258,720,769 Largest New Holdings this Quarter 43849R105 - HONEYWELL AEROSPACE INC $1,063,947 Holding438516205 - HONEYWELL INTL INC $1,010,463 Holding80004C200 - SANDISK CORP $552,517 HoldingG8994E103 - Trane Technologies $507,859 Holding46434V647 - iShares Global REIT ETF $417,808 Holding Largest Purchases this Quarter Booking 252,185 shares (about $44.95M)Meta Platforms 14,741 shares (about $8.30M)Broadcom 21,566 shares (about $8.15M)Palo Alto Networks 21,828 shares (about $7.44M)Eli Lilly and Company 4,469 shares (about $5.36M) Largest Sales this Quarter SPDR S&P MidCap 400 ETF Trust 19,381 shares (about $13.63M)ROPER TECHNOLOGIES INC 39,625 shares (about $13.41M)NVIDIA 55,207 shares (about $11.05M)FISERV INC 197,950 shares (about $9.71M)Accenture 62,069 shares (about $7.72M) Sector Allocation Over TimeMap of 500 Largest Holdings ofWelch & Forbes LLC Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorNVDANVIDIA$608,513,126$11,046,373 â–¼-1.8%3,041,1967.4%TechnologyAAPLApple$481,160,795$4,937,639 â–¼-1.0%1,662,8455.8%TechnologyGOOGAlphabet$407,470,547$6,760,619 â–¼-1.6%1,153,2295.0%Communication ServicesMSFTMicrosoft$330,960,019$2,111,297 â–²0.6%887,2434.0%TechnologyORLYO'Reilly Automotive$258,720,769$2,093,944 â–¼-0.8%2,809,4323.1%Consumer DiscretionaryVVisa$241,914,979$4,955,938 â–¼-2.0%705,1062.9%FinanceJPMJPMorgan Chase & Co.$211,289,632$2,426,498 â–¼-1.1%645,4942.6%FinanceLLYEli Lilly and Company$207,146,408$5,360,254 â–²2.7%172,7042.5%HealthcareRTXRTX$202,988,130$4,689,371 â–¼-2.3%1,069,8782.5%IndustrialsJNJJohnson & Johnson$167,109,633$117,080 â–²0.1%657,9892.0%HealthcareSYKStryker$163,558,119$3,287,244 â–²2.1%519,4962.0%HealthcareCOSTCostco Wholesale$151,805,278$852,213 â–²0.6%162,2771.8%Consumer StaplesHDHome Depot$151,126,206$65,598 â–¼0.0%428,5081.8%Consumer DiscretionaryGOOGLAlphabet$143,561,998$2,761,399 â–¼-1.9%401,7181.7%Communication ServicesAMZNAmazon.com$138,211,848$2,842,684 â–²2.1%579,8931.7%Consumer DiscretionaryCBChubb$131,117,901$665,466 â–¼-0.5%384,8031.6%FinanceECLEcolab$130,590,766$479,488 â–¼-0.4%468,7221.6%MaterialsTJXTJX Companies$116,346,567$607,819 â–¼-0.5%767,9631.4%Consumer DiscretionaryDHRDanaher$113,968,746$2,730,150 â–¼-2.3%598,3241.4%HealthcarePGProcter & Gamble$110,658,207$1,353,047 â–¼-1.2%754,6251.3%Consumer StaplesPANWPalo Alto Networks$109,942,220$7,443,791 â–²7.3%322,3921.3%TechnologyVRTXVertex Pharmaceuticals$109,928,472$812,155 â–²0.7%221,3041.3%HealthcareMDYSPDR S&P MidCap 400 ETF Trust$99,996,024$13,631,442 â–¼-12.0%142,1731.2%ETFAVGOBroadcom$99,351,140$8,146,577 â–²8.9%263,0071.2%TechnologyIDXXIDEXX Laboratories$88,266,093$271,117 â–¼-0.3%167,6661.1%HealthcareWSOWatsco$87,213,345$218,783 â–¼-0.3%209,2801.1%IndustrialsABBVAbbVie$87,061,903$594,625 â–²0.7%345,9781.1%HealthcareMETAMeta Platforms$83,766,950$8,303,467 â–²11.0%148,7101.0%Communication ServicesMCDMcDonald's$80,804,404$1,366,959 â–¼-1.7%298,9321.0%Consumer DiscretionaryIRMIron Mountain$80,752,693$1,609,946 â–¼-2.0%639,3221.0%Real EstateAMPAmeriprise Financial$78,508,522$1,068,452 â–¼-1.3%171,1321.0%FinanceCSCOCisco Systems$73,948,215$468,314 â–¼-0.6%629,5600.9%TechnologyMTDMettler-Toledo International$72,933,103$2,193,486 â–¼-2.9%57,0900.9%HealthcareVEAVanguard FTSE Developed Markets ETF$67,704,196$1,437,685 â–¼-2.1%950,2330.8%ETFAJGArthur J. Gallagher & Co.$66,548,641$781,688 â–¼-1.2%289,8830.8%FinanceCVXChevron$66,077,742$315,110 â–¼-0.5%398,6350.8%EnergyRMDResMed$62,757,801$852,405 â–¼-1.3%322,0330.8%HealthcareNEENextEra Energy$61,164,929$1,886,006 â–²3.2%696,8760.7%UtilitiesWALMART INC$59,601,270$355,071 â–²0.6%526,2330.7%COMBRK.BBerkshire Hathaway$57,873,220$940,735 â–¼-1.6%115,6560.7%FinanceLECOLincoln Electric$55,469,886$257,545 â–¼-0.5%208,9180.7%IndustrialsBACBank of America$54,547,435$1,099,032 â–¼-2.0%957,3070.7%FinancePEPPepsiCo$54,501,907$1,821,402 â–¼-3.2%402,5250.7%Consumer StaplesLINDE PLC$54,028,995$599,371 â–¼-1.1%104,1150.7%SHSABTAbbott Laboratories$54,002,037$3,149,315 â–¼-5.5%595,1290.7%HealthcareCSLCarlisle Companies$51,788,243$833,966 â–²1.6%142,7650.6%IndustrialsADPAutomatic Data Processing$49,960,944$194,836 â–¼-0.4%223,0900.6%IndustrialsROPER TECHNOLOGIES INC$47,542,301$13,408,760 â–¼-22.0%140,4950.6%COMBKNGBooking$46,886,923$44,949,454 â–²2,320.0%263,0550.6%Consumer DiscretionaryXYLXylem$46,807,373$2,114,546 â–¼-4.3%395,9670.6%IndustrialsTMOThermo Fisher Scientific$41,774,298$2,813,631 â–¼-6.3%83,3220.5%HealthcareEMLPFirst Trust North American Energy Infrastructure Fund$40,782,732$2,543,448 â–¼-5.9%937,5330.5%ETFMRKMerck & Co., Inc.$40,728,338$53,456 â–¼-0.1%316,9520.5%HealthcareLHXL3Harris Technologies$40,421,445$292,044 â–²0.7%139,1010.5%IndustrialsXOMExxonMobil$39,369,050$406,332 â–²1.0%287,9540.5%EnergyAFLAflac$36,937,191$232,390 â–¼-0.6%315,0290.4%FinancePAYXPaychex$35,740,528$133,631 â–²0.4%363,4750.4%IndustrialsCHDChurch & Dwight$34,592,567$2,115,472 â–¼-5.8%357,0660.4%Consumer StaplesAOSA. O. Smith$33,380,144$2,983,653 â–¼-8.2%532,2090.4%IndustrialsSPYSPDR S&P 500 ETF Trust$32,484,509$1,589,127 â–¼-4.7%43,5000.4%ETFCTASCintas$32,351,919$34,526 â–¼-0.1%190,2160.4%IndustrialsDOVDover$32,048,046$123,354 â–¼-0.4%142,8930.4%IndustrialsCMICummins$29,517,625$1,015,611 â–¼-3.3%41,3870.4%IndustrialsAXPAmerican Express$27,457,015$199,567 â–¼-0.7%81,1740.3%FinanceNOWServiceNow$27,319,775$961,527 â–¼-3.4%275,1790.3%TechnologyGSKGSK$27,184,8550.0%518,5970.3%HealthcareVZVerizon Communications$27,175,624$441,311 â–¼-1.6%641,8410.3%Communication ServicesFTSLFirst Trust Senior Loan ETF$26,722,551$1,553,812 â–¼-5.5%597,1510.3%ETFEQIXEquinix$26,674,813$212,648 â–¼-0.8%25,5900.3%Real EstateQCOMQualcomm$25,596,937$49,524 â–²0.2%138,5190.3%TechnologyCGNXCognex$23,946,408$562,486 â–²2.4%330,6600.3%TechnologyMCOMoody's$23,102,098$96,019 â–²0.4%51,0070.3%FinanceKOCocaCola$21,947,788$898,687 â–¼-3.9%270,0590.3%Consumer StaplesCATCaterpillar$21,443,900$1,177,780 â–²5.8%20,1370.3%IndustrialsIJRiShares Core S&P Small-Cap ETF$20,499,310$433,808 â–¼-2.1%138,2190.2%ETFKMXCarMax$20,478,506$2,096,721 â–¼-9.3%387,1900.2%Consumer DiscretionaryIBMInternational Business Machines$19,590,857$4,561,526 â–²30.4%69,6660.2%TechnologyINTCIntel$19,415,417$452,681 â–¼-2.3%139,0490.2%TechnologySHOPIFY INC$18,164,593$634,385 â–²3.6%159,0870.2%CL A SUB VTG SHSORCLOracle$17,848,059$1,150,859 â–²6.9%121,7880.2%TechnologyOTISOtis Worldwide$17,045,512$545,019 â–¼-3.1%238,0660.2%IndustrialsGEGE Aerospace$16,495,810$614,416 â–¼-3.6%44,1380.2%IndustrialsEXPDExpeditors International of Washington$16,284,147$72,037 â–¼-0.4%99,9150.2%IndustrialsEWEdwards Lifesciences$16,180,413$57,533 â–¼-0.4%178,8680.2%HealthcareOMCOmnicom Group$16,042,455$1,318,008 â–¼-7.6%220,2720.2%Communication ServicesUBERUber Technologies$16,025,291$142,011 â–¼-0.9%222,0800.2%IndustrialsEMREmerson Electric$15,975,695$161,044 â–²1.0%111,6010.2%IndustrialsPFFiShares Preferred and Income Securities ETF$15,911,750$1,917,031 â–¼-10.8%521,8670.2%ETFFISERV INC$15,129,222$9,709,476 â–¼-39.1%308,4440.2%COMSNPSSynopsys$14,902,752$36,578 â–¼-0.2%33,4090.2%TechnologyTSCOTractor Supply$13,222,741$1,884,212 â–¼-12.5%418,3080.2%Consumer DiscretionaryGDXVanEck Gold Miners ETF$12,781,615$1,346,414 â–¼-9.5%169,4040.2%ETFNFLXNetflix$12,674,711$4,217,526 â–²49.9%177,5170.2%Communication ServicesIVViShares Core S&P 500 ETF$12,555,146$223,918 â–¼-1.8%16,7650.2%ETFGE VERNOVA INC$12,538,109$531,037 â–¼-4.1%10,6720.2%COMADIAnalog Devices$10,837,980$488,916 â–²4.7%27,2880.1%TechnologyCARRCarrier Global$10,210,487$146,480 â–¼-1.4%139,2020.1%IndustrialsAPDAir Products and Chemicals$9,842,344$90,593 â–²0.9%33,5710.1%MaterialsVEUVanguard FTSE All-World ex-US ETF$9,806,628$378,131 â–²4.0%117,0940.1%ETFSHWSherwin-Williams$9,461,914$161,830 â–²1.7%27,4800.1%MaterialsShowing largest 100 holdings. 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