Welch & Forbes LLC Top Holdings and 13F Report (2024)

→ Bible Shocker: Have You Seen Elon Musk’s Miracle? (From InvestorPlace) (Ad)

About Welch & Forbes LLC

Investment Activity

Welch & Forbes LLC has $7.28 billion in total holdings as of March 31, 2024.
Welch & Forbes LLC owns shares of 378 different stocks, but just 56 companies or ETFs make up 80% of its holdings.
Approximately 1.95% of the portfolio was purchased this quarter.
About 2.66% of the portfolio was sold this quarter.
This quarter, Welch & Forbes LLC has purchased 366 new stocks and bought additional shares in 104 stocks.
Welch & Forbes LLC sold shares of 190 stocks and completely divested from 10 stocks this quarter.

Largest Holdings

NVIDIA: $402,980,522
Microsoft: $382,706,402
Apple: $306,173,398
O'Reilly Automotive: $234,259,568
Visa: $210,484,926

Largest New Holdings this Quarter

MongoDB: $5,892,107 Holding
HP: $635,889 Holding
Direxion NASDAQ-100 Equal Weighted Index Shares: $622,170 Holding
WESCO International: $531,311 Holding
iShares National Muni Bond ETF: $432,337 Holding

Largest Purchases this Quarter

Xylem: 177,811 shares (about $22.98M)
Walmart: 343,246 shares (about $20.65M)
Adobe: 11,759 shares (about $5.93M)
MongoDB: 16,429 shares (about $5.89M)
NextEra Energy: 76,555 shares (about $4.89M)

Largest Sales this Quarter

NVIDIA: 68,344 shares (about $61.75M)
SPDR S&P MidCap 400 ETF Trust: 31,438 shares (about $17.49M)
SPDR S&P 500 ETF Trust: 21,711 shares (about $11.36M)
VERALTO CORP: 90,836 shares (about $8.05M)
American Water Works: 56,867 shares (about $6.95M)

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	$402,980,522	$61,752,903 ▼	-13.3%	445,992	5.5%	Computer and Technology
MSFT Microsoft	$382,706,402	$2,039,233 ▲	0.5%	909,645	5.3%	Computer and Technology
AAPL Apple	$306,173,398	$641,678 ▲	0.2%	1,785,476	4.2%	Computer and Technology
ORLY O'Reilly Automotive	$234,259,568	$1,558,984 ▼	-0.7%	207,515	3.2%	Retail/Wholesale
V Visa	$210,484,926	$966,175 ▼	-0.5%	754,210	2.9%	Business Services
SYK Stryker	$186,753,190	$885,729 ▼	-0.5%	521,846	2.6%	Medical
GOOG Alphabet	$180,687,451	$2,051,247 ▲	1.1%	1,186,703	2.5%	Computer and Technology
DHR Danaher	$168,913,373	$743,666 ▲	0.4%	676,411	2.3%	Multi-Sector Conglomerates
HD Home Depot	$165,696,398	$88,995 ▲	0.1%	431,951	2.3%	Retail/Wholesale
FI Fiserv	$145,316,133	$529,164 ▼	-0.4%	909,248	2.0%	Business Services
JPM JPMorgan Chase & Co.	$143,700,406	$1,059,989 ▼	-0.7%	717,425	2.0%	Finance
ANSS ANSYS	$139,856,520	$4,331,515 ▼	-3.0%	402,859	1.9%	Computer and Technology
PG Procter & Gamble	$129,629,243	$265,279 ▼	-0.2%	798,946	1.8%	Consumer Staples
COST Costco Wholesale	$126,295,187	$785,380 ▲	0.6%	172,386	1.7%	Retail/Wholesale
JNJ Johnson & Johnson	$117,362,600	$4,261,170 ▼	-3.5%	741,908	1.6%	Medical
RTX RTX	$115,779,850	$1,447,152 ▲	1.3%	1,187,119	1.6%	Aerospace
ROP Roper Technologies	$111,513,503	$1,781,228 ▲	1.6%	198,833	1.5%	Computer and Technology
ECL Ecolab	$108,663,445	$748,580 ▲	0.7%	470,607	1.5%	Basic Materials
CB Chubb	$107,268,600	$485,092 ▼	-0.5%	413,956	1.5%	Finance
LLY Eli Lilly and Company	$105,661,775	$2,120,719 ▲	2.0%	135,819	1.5%	Medical
PEP PepsiCo	$100,764,421	$2,719,309 ▼	-2.6%	575,763	1.4%	Consumer Staples
WSO Watsco	$94,989,020	$2,681,673 ▲	2.9%	219,897	1.3%	Construction
IDXX IDEXX Laboratories	$91,910,189	$585,824 ▼	-0.6%	170,226	1.3%	Medical
MCD McDonald's	$89,253,395	$1,030,811 ▼	-1.1%	316,557	1.2%	Retail/Wholesale
MDY SPDR S&P MidCap 400 ETF Trust	$85,513,121	$17,492,104 ▼	-17.0%	153,690	1.2%	ETF
MTD Mettler-Toledo International	$83,374,722	$1,736,003 ▼	-2.0%	62,627	1.1%	Computer and Technology
AMZN Amazon.com	$83,354,937	$2,385,167 ▲	2.9%	462,107	1.1%	Retail/Wholesale
AMP Ameriprise Financial	$80,800,103	$5,380,974 ▼	-6.2%	184,290	1.1%	Finance
VRTX Vertex Pharmaceuticals	$80,651,285	$1,903,618 ▲	2.4%	192,941	1.1%	Medical
TJX TJX Companies	$80,228,325	$53,144 ▼	-0.1%	791,050	1.1%	Retail/Wholesale
KMX CarMax	$78,467,063	$1,204,994 ▲	1.6%	900,780	1.1%	Retail/Wholesale
AJG Arthur J. Gallagher & Co.	$77,617,768	$2,323,625 ▲	3.1%	310,421	1.1%	Finance
ABT Abbott Laboratories	$73,449,987	$859,952 ▲	1.2%	646,225	1.0%	Medical
GOOGL Alphabet	$68,739,121	$198,775 ▲	0.3%	455,437	0.9%	Computer and Technology
ABBV AbbVie	$67,700,440	$1,857,421 ▼	-2.7%	371,776	0.9%	Medical
RMD ResMed	$63,970,715	$2,474,388 ▲	4.0%	323,035	0.9%	Medical
CVX Chevron	$63,881,178	$2,137,381 ▲	3.5%	404,977	0.9%	Oils/Energy
ADP Automatic Data Processing	$61,400,475	$193,798 ▼	-0.3%	245,858	0.8%	Business Services
IRM Iron Mountain	$58,364,130	$315,787 ▼	-0.5%	727,641	0.8%	Finance
ADBE Adobe	$54,871,210	$5,933,591 ▲	12.1%	108,742	0.8%	Computer and Technology
TMO Thermo Fisher Scientific	$54,556,997	$3,621,518 ▲	7.1%	93,868	0.7%	Medical
BRK.B Berkshire Hathaway	$54,316,899	$72,750 ▲	0.1%	129,166	0.7%	Finance
META Meta Platforms	$52,618,997	$975,046 ▲	1.9%	108,363	0.7%	Computer and Technology
CMCSA Comcast	$51,226,590	$1,510,058 ▼	-2.9%	1,181,694	0.7%	Consumer Discretionary
LECO Lincoln Electric	$49,815,394	$2,813,927 ▲	6.0%	195,018	0.7%	Industrial Products
AOS A. O. Smith	$49,811,985	$595,447 ▲	1.2%	556,806	0.7%	Industrial Products
MRK Merck & Co., Inc.	$49,300,776	$951,888 ▼	-1.9%	373,632	0.7%	Medical
PAYX Paychex	$48,521,345	$1,137,005 ▼	-2.3%	395,125	0.7%	Business Services
CHD Church & Dwight	$47,215,846	$580,798 ▲	1.2%	452,649	0.6%	Consumer Staples
LINDE PLC	$43,729,665	$767,049 ▲	1.8%	94,181	0.6%	SHS
VEA Vanguard FTSE Developed Markets ETF	$43,391,209	$1,609,956 ▲	3.9%	864,883	0.6%	ETF
ACN Accenture	$42,441,024	$1,740,329 ▲	4.3%	122,446	0.6%	Business Services
BAC Bank of America	$39,767,763	$221,074 ▼	-0.6%	1,048,728	0.5%	Finance
XOM Exxon Mobil	$36,924,077	$391,961 ▼	-1.1%	317,654	0.5%	Oils/Energy
CTAS Cintas	$33,623,252	$1,931,242 ▲	6.1%	48,940	0.5%	Industrial Products
AFL Aflac	$33,405,035	$4,160,003 ▼	-11.1%	389,064	0.5%	Finance
EMLP First Trust North American Energy Infrastructure Fund	$32,709,335	$134,686 ▼	-0.4%	1,107,664	0.4%	ETF
NEE NextEra Energy	$32,407,780	$4,892,646 ▲	17.8%	507,083	0.4%	Utilities
CSL Carlisle Companies	$32,244,229	$1,389,503 ▲	4.5%	82,287	0.4%	Multi-Sector Conglomerates
BKNG Booking	$31,573,474	$101,581 ▲	0.3%	8,703	0.4%	Retail/Wholesale
CSCO Cisco Systems	$31,533,320	$632,361 ▲	2.0%	631,802	0.4%	Computer and Technology
VZ Verizon Communications	$31,159,078	$1,359,756 ▲	4.6%	742,590	0.4%	Computer and Technology
WMT Walmart	$30,701,970	$20,653,143 ▲	205.5%	510,253	0.4%	Retail/Wholesale
XYL Xylem	$29,847,209	$22,980,299 ▲	334.7%	230,944	0.4%	Industrial Products
OTIS Otis Worldwide	$29,373,274	$609,718 ▼	-2.0%	295,892	0.4%	Construction
DOV Dover	$29,334,358	$79,027 ▼	-0.3%	165,553	0.4%	Industrial Products
OMC Omnicom Group	$28,680,439	$508,571 ▼	-1.7%	296,408	0.4%	Business Services
LHX L3Harris Technologies	$28,025,384	$2,509,695 ▲	9.8%	131,512	0.4%	Aerospace
FTSL First Trust Senior Loan ETF	$27,953,165	$1,881,163 ▲	7.2%	604,916	0.4%	Manufacturing
TSCO Tractor Supply	$26,280,095	$3,093,269 ▲	13.3%	100,413	0.4%	Retail/Wholesale
QCOM QUALCOMM	$25,996,879	$648,758 ▼	-2.4%	153,555	0.4%	Computer and Technology
SPY SPDR S&P 500 ETF Trust	$24,435,748	$11,356,377 ▼	-31.7%	46,716	0.3%	Finance
BALL Ball	$24,245,954	$29,706 ▼	-0.1%	359,946	0.3%	Industrial Products
SBUX Starbucks	$24,191,448	$220,616 ▲	0.9%	264,705	0.3%	Retail/Wholesale
EW Edwards Lifesciences	$23,523,723	$1,076,197 ▼	-4.4%	246,167	0.3%	Medical
GSK GSK	$22,320,307		0.0%	520,651	0.3%	Medical
PFF iShares Preferred and Income Securities ETF	$22,071,709	$128,308 ▼	-0.6%	684,818	0.3%	ETF
STZ Constellation Brands	$21,237,503	$100,279 ▲	0.5%	78,148	0.3%	Consumer Staples
BDX Becton, Dickinson and Company	$20,969,453	$518,161 ▼	-2.4%	84,742	0.3%	Medical
AXP American Express	$20,278,768	$188,300 ▼	-0.9%	89,063	0.3%	Finance
MCO Moody's	$19,363,809	$2,246,560 ▲	13.1%	49,268	0.3%	Finance
KO Coca-Cola	$19,164,512	$1,960,336 ▼	-9.3%	313,247	0.3%	Consumer Staples
INTC Intel	$18,773,412	$431,497 ▼	-2.2%	425,026	0.3%	Computer and Technology
LANC Lancaster Colony	$16,014,102	$1,017,803 ▲	6.8%	77,128	0.2%	Consumer Staples
ORCL Oracle	$14,968,329	$300,459 ▼	-2.0%	119,165	0.2%	Computer and Technology
EMR Emerson Electric	$14,843,624	$913,032 ▼	-5.8%	130,873	0.2%	Industrial Products
CMI Cummins	$14,068,695	$237,783 ▼	-1.7%	47,747	0.2%	Auto/Tires/Trucks
BSX Boston Scientific	$14,040,861	$19,040 ▼	-0.1%	205,006	0.2%	Medical
EXPD Expeditors International of Washington	$13,889,617	$1,588,798 ▼	-10.3%	114,252	0.2%	Transportation
CGNX Cognex	$13,743,247	$536,656 ▲	4.1%	323,980	0.2%	Computer and Technology
PFE Pfizer	$13,086,977	$942,447 ▼	-6.7%	471,602	0.2%	Medical
TD Toronto-Dominion Bank	$12,972,708	$5,287,660 ▼	-29.0%	214,851	0.2%	Finance
IBM International Business Machines	$12,348,095	$706,173 ▼	-5.4%	64,663	0.2%	Computer and Technology
SHOP Shopify	$10,303,213	$3,228,797 ▲	45.6%	133,513	0.1%	Computer and Technology
UPS United Parcel Service	$10,097,784	$272,588 ▼	-2.6%	67,939	0.1%	Transportation
SHW Sherwin-Williams	$9,975,321	$9,378 ▼	-0.1%	28,720	0.1%	Construction
CARR Carrier Global	$9,398,475	$1,244,798 ▼	-11.7%	161,680	0.1%	Computer and Technology
AWK American Water Works	$9,156,006	$6,949,741 ▼	-43.2%	74,920	0.1%	Utilities
FTV Fortive	$9,086,559	$1,677,994 ▼	-15.6%	105,633	0.1%	Computer and Technology
APD Air Products and Chemicals	$8,872,659	$765,331 ▼	-7.9%	36,623	0.1%	Basic Materials

Showing largest 100 holdings. View all holdings.

More Institutional Buying and Selling Information

SEC Filings and Trading Data:

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Welch & Forbes LLC Top Holdings and 13F Report (2024)

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

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Welch & Forbes LLC Top Holdings and 13F Report (2024)

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