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

About Welch & Forbes LLC

Investment Activity

Welch & Forbes LLC has $8.34 billion in total holdings as of June 30, 2025.
Welch & Forbes LLC owns shares of 392 different stocks, but just 49 companies or ETFs make up 80% of its holdings.
Approximately 1.31% of the portfolio was purchased this quarter.
About 2.11% of the portfolio was sold this quarter.
This quarter, Welch & Forbes LLC has purchased 388 new stocks and bought additional shares in 67 stocks.
Welch & Forbes LLC sold shares of 177 stocks and completely divested from 13 stocks this quarter.

Largest Holdings

NVIDIA: $683,326,116
Apple: $547,262,880
Microsoft: $453,631,902
Alphabet: $390,329,065
Visa: $250,982,488

Largest New Holdings this Quarter

30233Q108 - EXXONMOBIL HOLDINGS CORP: $46,838,650 Holding
46436E726 - iShares iBonds Dec 2030 Term Corporate ETF: $472,079 Holding
46435U515 - iShares iBonds Dec 2028 Term Corporate ETF: $356,004 Holding
82846H405 - QXO INC: $320,342 Holding
922908538 - Vanguard Mid-Cap Growth ETF: $309,628 Holding

Largest Purchases this Quarter

EXXONMOBIL HOLDINGS CORP: 287,795 shares (about $46.84M)
iShares Semiconductor ETF: 22,554 shares (about $12.83M)
MongoDB: 32,654 shares (about $11.38M)
GE VERNOVA INC: 10,184 shares (about $9.68M)
Cognex: 60,768 shares (about $3.69M)

Largest Sales this Quarter

A. O. Smith: 273,804 shares (about $15.43M)
NVIDIA: 49,139 shares (about $11.22M)
ROPER TECHNOLOGIES INC: 32,110 shares (about $11.22M)
Apple: 19,512 shares (about $6.50M)
SPDR S&P 500 ETF Trust: 6,722 shares (about $5.13M)

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	$683,326,116	$11,222,367 ▼	-1.6%	2,992,057	8.2%	Technology
AAPL Apple	$547,262,880	$6,497,888 ▼	-1.2%	1,643,333	6.6%	Technology
MSFT Microsoft	$453,631,902	$1,436,123 ▼	-0.3%	884,443	5.4%	Technology
GOOG Alphabet	$390,329,065	$2,622,336 ▼	-0.7%	1,145,533	4.7%	Communication Services
V Visa	$250,982,488	$2,383,438 ▼	-0.9%	698,473	3.0%	Finance
ORLY O'Reilly Automotive	$238,756,641	$1,197,107 ▼	-0.5%	2,795,416	2.9%	Consumer Discretionary
JPM JPMorgan Chase & Co.	$210,365,586	$3,183,247 ▼	-1.5%	635,872	2.5%	Finance
LLY Eli Lilly and Company	$198,377,874	$1,454,449 ▼	-0.7%	171,447	2.4%	Healthcare
RTX RTX	$195,370,287	$3,252,777 ▼	-1.6%	1,052,357	2.3%	Industrials
JNJ Johnson & Johnson	$173,774,926	$421,202 ▼	-0.2%	656,398	2.1%	Healthcare
COST Costco Wholesale	$148,190,675	$463,363 ▲	0.3%	162,786	1.8%	Consumer Staples
AMZN Amazon.com	$144,290,689	$189,853 ▼	-0.1%	579,131	1.7%	Consumer Discretionary
SYK Stryker	$142,972,532	$91,705 ▼	-0.1%	519,163	1.7%	Healthcare
GOOGL Alphabet	$137,472,685	$750,438 ▼	-0.5%	399,537	1.6%	Communication Services
DHR Danaher	$130,406,956	$2,151,918 ▼	-1.6%	588,611	1.6%	Healthcare
ECL Ecolab	$128,721,371	$19,495 ▲	0.0%	468,793	1.5%	Materials
PANW Palo Alto Networks	$128,444,100	$354,401 ▲	0.3%	323,284	1.5%	Technology
CB Chubb	$124,249,075	$908,426 ▼	-0.7%	382,010	1.5%	Finance
HD Home Depot	$121,603,960	$302,413 ▼	-0.2%	427,445	1.5%	Consumer Discretionary
VRTX Vertex Pharmaceuticals	$114,790,238	$909,689 ▼	-0.8%	219,564	1.4%	Healthcare
PG Procter & Gamble	$108,985,250	$646,641 ▼	-0.6%	750,174	1.3%	Consumer Staples
META Meta Platforms	$107,891,687	$50,037 ▲	0.0%	148,779	1.3%	Communication Services
TJX TJX Companies	$102,481,839	$872,585 ▲	0.9%	774,558	1.2%	Consumer Discretionary
AVGO Broadcom	$95,688,903	$3,323,317 ▲	3.6%	272,470	1.1%	Technology
MDY SPDR S&P MidCap 400 ETF Trust	$91,089,659	$2,276,815 ▼	-2.4%	138,706	1.1%	ETF
ABBV AbbVie	$89,668,388	$836,042 ▼	-0.9%	342,782	1.1%	Healthcare
IDXX IDEXX Laboratories	$86,697,689	$855,870 ▼	-1.0%	166,027	1.0%	Healthcare
MTD Mettler-Toledo International	$85,359,703	$900,527 ▼	-1.0%	56,494	1.0%	Healthcare
AMP Ameriprise Financial	$83,325,950	$931,035 ▼	-1.1%	169,241	1.0%	Finance
CVX Chevron	$80,057,565	$1,347,788 ▼	-1.7%	392,035	1.0%	Energy
IRM Iron Mountain	$70,001,313	$931,425 ▼	-1.3%	630,927	0.8%	Real Estate
RMD ResMed	$69,627,079	$1,574,680 ▼	-2.2%	314,911	0.8%	Healthcare
MCD McDonald's	$67,735,491	$1,299,963 ▼	-1.9%	293,303	0.8%	Consumer Discretionary
CSCO Cisco Systems	$66,849,732	$909,905 ▼	-1.3%	621,106	0.8%	Technology
AJG Arthur J. Gallagher & Co.	$65,884,264	$241,113 ▼	-0.4%	288,826	0.8%	Finance
VEA Vanguard FTSE Developed Markets ETF	$64,484,438	$2,611,584 ▼	-3.9%	913,247	0.8%	ETF
WSO Watsco	$62,102,073	$1,244,965 ▼	-2.0%	205,167	0.7%	Industrials
ADP Automatic Data Processing	$57,504,958	$65,547 ▼	-0.1%	222,836	0.7%	Industrials
BRK.B Berkshire Hathaway	$57,486,942	$104,072 ▼	-0.2%	115,447	0.7%	Finance
ABT Abbott Laboratories	$57,102,163	$1,714,505 ▼	-2.9%	577,781	0.7%	Healthcare
TMO Thermo Fisher Scientific	$55,680,939	$565,693 ▼	-1.0%	82,484	0.7%	Healthcare
LECO Lincoln Electric	$54,852,546	$423,064 ▼	-0.8%	207,319	0.7%	Industrials
WALMART INC	$54,776,755	$90,618 ▲	0.2%	527,105	0.7%	COM
NEE NextEra Energy	$54,264,820	$1,483,296 ▲	2.8%	716,460	0.7%	Utilities
BAC Bank of America	$50,761,730	$1,344,587 ▼	-2.6%	932,604	0.6%	Finance
LINDE PLC	$50,432,607	$1,014,794 ▲	2.1%	106,253	0.6%	SHS
PEP PepsiCo	$49,400,181	$1,607,825 ▼	-3.2%	389,837	0.6%	Consumer Staples
EXXONMOBIL HOLDINGS CORP	$46,838,650	$46,838,650 ▲	New Holding	287,795	0.6%	COM SHS
CSL Carlisle Companies	$46,718,015	$723,274 ▲	1.6%	145,010	0.6%	Industrials
MRK Merck & Co., Inc.	$45,704,187	$352,086 ▼	-0.8%	314,529	0.5%	Healthcare
BKNG Booking	$42,913,937	$59,462 ▲	0.1%	263,420	0.5%	Consumer Discretionary
XYL Xylem	$38,909,157	$1,190,533 ▼	-3.0%	384,211	0.5%	Industrials
EMLP First Trust North American Energy Infrastructure Fund	$38,029,071	$400,432 ▼	-1.0%	927,764	0.5%	ETF
ROPER TECHNOLOGIES INC	$37,870,831	$11,219,563 ▼	-22.9%	108,385	0.5%	COM
CTAS Cintas	$37,120,509	$16,970 ▲	0.0%	190,303	0.4%	Industrials
PAYX Paychex	$35,615,875	$186,461 ▼	-0.5%	361,582	0.4%	Industrials
LHX L3Harris Technologies	$35,475,424	$2,538,999 ▲	7.7%	149,824	0.4%	Industrials
NOW ServiceNow	$35,397,739	$1,479,071 ▼	-4.0%	264,142	0.4%	Technology
AFL Aflac	$34,851,103	$362,838 ▼	-1.0%	311,783	0.4%	Finance
CHD Church & Dwight	$33,227,184	$415,605 ▼	-1.2%	352,655	0.4%	Consumer Staples
VZ Verizon Communications	$28,859,827	$581,495 ▼	-2.0%	629,164	0.3%	Communication Services
SPY SPDR S&P 500 ETF Trust	$28,048,012	$5,126,400 ▼	-15.5%	36,778	0.3%	ETF
DOV Dover	$26,655,392	$72,763 ▼	-0.3%	142,504	0.3%	Industrials
EQIX Equinix	$26,324,407	$438,015 ▲	1.7%	26,023	0.3%	Real Estate
FTSL First Trust Senior Loan ETF	$25,762,753	$852,268 ▼	-3.2%	578,029	0.3%	ETF
GSK GSK	$24,980,817		0.0%	518,597	0.3%	Healthcare
QCOM Qualcomm	$24,954,721	$538,317 ▼	-2.1%	135,594	0.3%	Technology
SHOPIFY INC	$24,643,971	$1,051,302 ▲	4.5%	166,176	0.3%	CL A SUB VTG SHS
AXP American Express	$24,279,270	$405,668 ▼	-1.6%	79,840	0.3%	Finance
CGNX Cognex	$23,740,141	$3,685,584 ▲	18.4%	391,428	0.3%	Technology
KO Coca-Cola	$23,301,448	$54,747 ▲	0.2%	270,695	0.3%	Consumer Staples
MCO Moody's	$23,024,417	$139,418 ▼	-0.6%	50,700	0.3%	Finance
CMI Cummins	$21,139,616	$239,689 ▼	-1.1%	40,923	0.3%	Industrials
KMX CarMax	$21,057,721	$280,345 ▼	-1.3%	382,103	0.3%	Consumer Discretionary
MDB MongoDB	$19,916,396	$11,383,487 ▲	133.4%	57,131	0.2%	Technology
GE VERNOVA INC	$19,823,298	$9,679,731 ▲	95.4%	20,856	0.2%	COM
IJR iShares Core S&P Small-Cap ETF	$18,819,780	$16,461 ▲	0.1%	138,340	0.2%	ETF
EXPD Expeditors International of Washington	$18,092,319	$355,986 ▼	-1.9%	97,987	0.2%	Industrials
UBER Uber Technologies	$17,240,174	$2,025,435 ▲	13.3%	251,644	0.2%	Industrials
EMR Emerson Electric	$17,052,485	$256,846 ▼	-1.5%	109,945	0.2%	Industrials
INTC Intel	$16,605,451	$112,415 ▼	-0.7%	138,114	0.2%	Technology
ORCL Oracle	$16,419,056	$302,473 ▼	-1.8%	119,585	0.2%	Technology
CAT Caterpillar	$15,914,192	$412,692 ▼	-2.5%	19,628	0.2%	Industrials
IBM International Business Machines	$15,894,629	$572,920 ▲	3.7%	72,271	0.2%	Technology
EW Edwards Lifesciences	$15,404,153	$35,736 ▼	-0.2%	178,454	0.2%	Healthcare
OMC Omnicom Group	$15,350,427	$868,247 ▼	-5.4%	208,480	0.2%	Communication Services
PFF iShares Preferred and Income Securities ETF	$14,787,228	$607,940 ▼	-3.9%	501,259	0.2%	ETF
AOS A. O. Smith	$14,566,345	$15,434,390 ▼	-51.4%	258,405	0.2%	Industrials
OTIS Otis Worldwide	$14,045,882	$1,266,525 ▼	-8.3%	218,375	0.2%	Industrials
GE GE Aerospace	$13,764,278	$19,674 ▼	-0.1%	44,075	0.2%	Industrials
SOXX iShares Semiconductor ETF	$13,640,476	$12,825,050 ▲	1,572.8%	23,988	0.2%	ETF
GDX VanEck Gold Miners ETF	$13,597,760	$1,275,909 ▼	-8.6%	154,872	0.2%	ETF
SNPS Synopsys	$13,076,067	$1,454,878 ▼	-10.0%	30,064	0.2%	Technology
TSCO Tractor Supply	$11,760,930	$1,327,950 ▼	-10.1%	375,868	0.1%	Consumer Discretionary
AMGN Amgen	$10,944,935	$2,951 ▲	0.0%	25,966	0.1%	Healthcare
ADI Analog Devices	$10,813,919	$11,505 ▼	-0.1%	27,259	0.1%	Technology
NFLX Netflix	$10,665,404	$1,686,278 ▼	-13.7%	153,282	0.1%	Communication Services
FISERV INC	$10,655,590	$3,279,939 ▼	-23.5%	235,847	0.1%	COM
IVV iShares Core S&P 500 ETF	$10,450,031	$2,389,454 ▼	-18.6%	13,645	0.1%	ETF
VEU Vanguard FTSE All-World ex-US ETF	$9,698,284	$17,009 ▼	-0.2%	116,889	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