Welch & Forbes
Boston, MAfiles as Welch & Forbes LLC
$8.2bn in 388 US stocks at the end of 30 June 2026. The top 10 are 37.9% of the money. It changed about 5.6% of the portfolio this quarter.
Value
$8.2bn
Stocks
388
Top 10 share
37.9%
Turnover
5.6%
What changed this quarter
New
Bought for the first time this quarter.
- Honeywell AerospaceHONA<0.1% of the fund
- Honeywell InternationalHON<0.1% of the fund
- SandiskSNDK<0.1% of the fund
- Trane TechnologiesTT<0.1% of the fund
- Ishares TRREET<0.1% of the fund
- Lam ResearchLRCX<0.1% of the fund
- CorningGLW<0.1% of the fund
- WelltowerWELL<0.1% of the fund
- KnowlesKN<0.1% of the fund
- United States AntimonyUAMY<0.1% of the fund
- UBS Group AGUBS<0.1% of the fund
- Energy Transfer L PET<0.1% of the fund
- Ishares TRIJS<0.1% of the fund
- F5FFIV<0.1% of the fund
- DuPont de NemoursDD<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- Rocket LabRKLB<0.1% of the fund
- SolventumSOLV<0.1% of the fund
- CMS EnergyCMS<0.1% of the fund
- First TR Exchange-Traded FDFBT<0.1% of the fund
- FortinetFTNT<0.1% of the fund
- TransDigm GroupTDG<0.1% of the fund
- CitigroupC<0.1% of the fund
- Suncor EnergySU<0.1% of the fund
- First TR Exchange-Traded FDFDN<0.1% of the fund
Added
Bought more of a stock they already held.
- Eli LillyLLY2.5% of the fund+3%
- StrykerSYK2.0% of the fund+2%
- Amazon.comAMZN1.7% of the fund+2%
- Palo Alto NetworksPANW1.3% of the fund+7%
- BroadcomAVGO1.2% of the fund+9%
- Meta PlatformsMETA1.0% of the fund+11%
- NextEra EnergyNEE0.7% of the fund+3%
- CognexCGNX0.3% of the fund+2%
- CaterpillarCAT0.3% of the fund+6%
- International Business MachinesIBM0.2% of the fund+30%
- ShopifySHOP0.2% of the fund+4%
- OracleORCL0.2% of the fund+7%
- NetflixNFLX0.2% of the fund+50%
- Analog DevicesADI0.1% of the fund+5%
- Vanguard Intl Equity Index FVEU0.1% of the fund+4%
- AmgenAMGN0.1% of the fund+4%
- Texas InstrumentsTXN0.1% of the fund+9%
- MongoDBMDB<0.1% of the fund+4%
- MastercardMA<0.1% of the fund+6%
- Ishares TRTIP<0.1% of the fund+3%
- Union PacificUNP<0.1% of the fund+5%
- DeereDE<0.1% of the fund+16%
- Ishares TRIGSB<0.1% of the fund+37%
- Ishares TRAGG<0.1% of the fund+49%
- Lockheed MartinLMT<0.1% of the fund+8%
Cut
Sold some of their stake.
- VisaV2.9% of the fund-2%
- RTXRTX2.5% of the fund-2%
- DanaherDHR1.4% of the fund-2%
- State STR Spdr S&P Midcap 40MDY1.2% of the fund-12%
- Mettler Toledo InternationalMTD0.9% of the fund-3%
- Vanguard Tax-Managed FDSVEA0.8% of the fund-2%
- PepsiCoPEP0.7% of the fund-3%
- Abbott LaboratoriesABT0.7% of the fund-6%
- Roper TechnologiesROP0.6% of the fund-22%
- Booking HoldingsBKNG0.6% of the fund-3%
- XylemXYL0.6% of the fund-4%
- Thermo Fisher ScientificTMO0.5% of the fund-6%
- First TR Exchange-Traded FDEMLP0.5% of the fund-6%
- Church & DwightCHD0.4% of the fund-6%
- Smith A OAOS0.4% of the fund-8%
- State STR Spdr S&P 500 ETF TSPY0.4% of the fund-5%
- CumminsCMI0.4% of the fund-3%
- ServiceNowNOW0.3% of the fund-3%
- First TR Exchange-Traded FDFTSL0.3% of the fund-6%
- Coca-ColaKO0.3% of the fund-4%
- Ishares TRIJR0.2% of the fund-2%
- CarMaxKMX0.2% of the fund-9%
- IntelINTC0.2% of the fund-2%
- Otis WorldwideOTIS0.2% of the fund-3%
- General ElectricGE0.2% of the fund-4%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- DuPont de NemoursDD-100%
- BHP Billiton LimitedBHP-100%
- TextronTXT-100%
- DOWDOW-100%
- Mplx LPMPLX-100%
- VontierVNT-100%
- Invesco Exch Traded FD TR IIBKLN-100%
- EQTEQT-100%
- Vanguard World FDVDE-100%
Holdings
- State STR Spdr S&P Midcap 40MDY
- Share
- 1.2%
- Value
- $100m
- Shares
- 142,173
-12%
- Vanguard Tax-Managed FDSVEA
- Share
- 0.8%
- Value
- $68m
- Shares
- 950,233
-2%
- First TR Exchange-Traded FDEMLP
- Share
- 0.5%
- Value
- $41m
- Shares
- 937,533
-6%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.4%
- Value
- $32m
- Shares
- 43,500
-5%
- GSKGSK
- Share
- 0.3%
- Value
- $27m
- Shares
- 518,597
Held
- First TR Exchange-Traded FDFTSL
- Share
- 0.3%
- Value
- $27m
- Shares
- 597,151
-6%
- Ishares TRIJR
- Share
- 0.2%
- Value
- $20m
- Shares
- 138,219
-2%
- Ishares TRPFF
- Share
- 0.2%
- Value
- $16m
- Shares
- 521,867
-11%
- Vaneck ETF TrustGDX
- Share
- 0.2%
- Value
- $13m
- Shares
- 169,404
-10%
- Ishares TRIVV
- Share
- 0.2%
- Value
- $13m
- Shares
- 16,765
Held
- Vanguard Intl Equity Index FVEU
- Share
- 0.1%
- Value
- $10m
- Shares
- 117,094
+4%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| NvidiaNVDA | 7.4% | $609m | 3,041,196 | Held |
| AppleAAPL | 5.8% | $481m | 1,662,845 | Held |
| AlphabetGOOG | 5.0% | $407m | 1,153,229 | Held |
| MicrosoftMSFT | 4.0% | $331m | 887,243 | Held |
| O'Reilly AutomotiveORLY | 3.1% | $259m | 2,809,432 | Held |
| VisaV | 2.9% | $242m | 705,106 | -2% |
| JPMorgan ChaseJPM | 2.6% | $211m | 645,494 | Held |
| Eli LillyLLY | 2.5% | $207m | 172,704 | +3% |
| RTXRTX | 2.5% | $203m | 1,069,878 | -2% |
| Johnson & JohnsonJNJ | 2.0% | $167m | 657,989 | Held |
| StrykerSYK | 2.0% | $164m | 519,496 | +2% |
| Costco WholesaleCOST | 1.8% | $152m | 162,277 | Held |
| Home DepotHD | 1.8% | $151m | 428,508 | Held |
| AlphabetGOOGL | 1.7% | $144m | 401,718 | Held |
| Amazon.comAMZN | 1.7% | $138m | 579,893 | +2% |
| ChubbCB | 1.6% | $131m | 384,803 | Held |
| EcolabECL | 1.6% | $131m | 468,722 | Held |
| TJX CompaniesTJX | 1.4% | $116m | 767,963 | Held |
| DanaherDHR | 1.4% | $114m | 598,324 | -2% |
| Procter & GamblePG | 1.3% | $111m | 754,625 | Held |
| Palo Alto NetworksPANW | 1.3% | $110m | 322,392 | +7% |
| Vertex PharmaceuticalsVRTX | 1.3% | $110m | 221,304 | Held |
| State STR Spdr S&P Midcap 40MDY | 1.2% | $100m | 142,173 | -12% |
| BroadcomAVGO | 1.2% | $99m | 263,007 | +9% |
| Idexx LaboratoriesIDXX | 1.1% | $88m | 167,666 | Held |
| WatscoWSO | 1.1% | $87m | 209,280 | Held |
| AbbVieABBV | 1.1% | $87m | 345,978 | Held |
| Meta PlatformsMETA | 1.0% | $84m | 148,710 | +11% |
| McDonald'sMCD | 1.0% | $81m | 298,932 | Held |
| Iron MountainIRM | 1.0% | $81m | 639,322 | Held |
| Ameriprise FinancialAMP | 1.0% | $79m | 171,132 | Held |
| Cisco SystemsCSCO | 0.9% | $74m | 629,560 | Held |
| Mettler Toledo InternationalMTD | 0.9% | $73m | 57,090 | -3% |
| Vanguard Tax-Managed FDSVEA | 0.8% | $68m | 950,233 | -2% |
| Arthur J. GallagherAJG | 0.8% | $67m | 289,883 | Held |
| ChevronCVX | 0.8% | $66m | 398,635 | Held |
| ResmedRMD | 0.8% | $63m | 322,033 | Held |
| NextEra EnergyNEE | 0.7% | $61m | 696,876 | +3% |
| WalmartWMT | 0.7% | $60m | 526,233 | Held |
| Berkshire HathawayBRK-B | 0.7% | $58m | 115,656 | Held |
| Lincoln Electric HoldingsLECO | 0.7% | $55m | 208,918 | Held |
| Bank of AmericaBAC | 0.7% | $55m | 957,307 | Held |
| PepsiCoPEP | 0.7% | $55m | 402,525 | -3% |
| LindeLIN | 0.7% | $54m | 104,115 | Held |
| Abbott LaboratoriesABT | 0.7% | $54m | 595,129 | -6% |
| Carlisle CompaniesCSL | 0.6% | $52m | 142,765 | Held |
| Automatic Data ProcessingADP | 0.6% | $50m | 223,090 | Held |
| Roper TechnologiesROP | 0.6% | $48m | 140,495 | -22% |
| Booking HoldingsBKNG | 0.6% | $47m | 263,055 | -3% |
| XylemXYL | 0.6% | $47m | 395,967 | -4% |
| Thermo Fisher ScientificTMO | 0.5% | $42m | 83,322 | -6% |
| First TR Exchange-Traded FDEMLP | 0.5% | $41m | 937,533 | -6% |
| MerckMRK | 0.5% | $41m | 316,952 | Held |
| L3harris TechnologiesLHX | 0.5% | $40m | 139,101 | Held |
| ExxonMobil HoldingsXOM | 0.5% | $39m | 287,954 | Held |
| AflacAFL | 0.4% | $37m | 315,029 | Held |
| PaychexPAYX | 0.4% | $36m | 363,475 | Held |
| Church & DwightCHD | 0.4% | $35m | 357,066 | -6% |
| Smith A OAOS | 0.4% | $33m | 532,209 | -8% |
| State STR Spdr S&P 500 ETF TSPY | 0.4% | $32m | 43,500 | -5% |
| CintasCTAS | 0.4% | $32m | 190,216 | Held |
| DoverDOV | 0.4% | $32m | 142,893 | Held |
| CumminsCMI | 0.4% | $30m | 41,387 | -3% |
| American ExpressAXP | 0.3% | $27m | 81,174 | Held |
| ServiceNowNOW | 0.3% | $27m | 275,179 | -3% |
| GSKGSK | 0.3% | $27m | 518,597 | Held |
| Verizon CommunicationsVZ | 0.3% | $27m | 641,841 | Held |
| First TR Exchange-Traded FDFTSL | 0.3% | $27m | 597,151 | -6% |
| EquinixEQIX | 0.3% | $27m | 25,590 | Held |
| QualcommQCOM | 0.3% | $26m | 138,519 | Held |
| CognexCGNX | 0.3% | $24m | 330,660 | +2% |
| Moody'sMCO | 0.3% | $23m | 51,007 | Held |
| Coca-ColaKO | 0.3% | $22m | 270,059 | -4% |
| CaterpillarCAT | 0.3% | $21m | 20,137 | +6% |
| Ishares TRIJR | 0.2% | $20m | 138,219 | -2% |
| CarMaxKMX | 0.2% | $20m | 387,190 | -9% |
| International Business MachinesIBM | 0.2% | $20m | 69,666 | +30% |
| IntelINTC | 0.2% | $19m | 139,049 | -2% |
| ShopifySHOP | 0.2% | $18m | 159,087 | +4% |
| OracleORCL | 0.2% | $18m | 121,788 | +7% |
| Otis WorldwideOTIS | 0.2% | $17m | 238,066 | -3% |
| General ElectricGE | 0.2% | $16m | 44,138 | -4% |
| Expeditors International of WashingtonEXPD | 0.2% | $16m | 99,915 | Held |
| Edwards LifesciencesEW | 0.2% | $16m | 178,868 | Held |
| Omnicom GroupOMC | 0.2% | $16m | 220,272 | -8% |
| Uber TechnologiesUBER | 0.2% | $16m | 222,080 | Held |
| Emerson ElectricEMR | 0.2% | $16m | 111,601 | Held |
| Ishares TRPFF | 0.2% | $16m | 521,867 | -11% |
| FiservFISV | 0.2% | $15m | 308,444 | -39% |
| SynopsysSNPS | 0.2% | $15m | 33,409 | Held |
| Tractor SupplyTSCO | 0.2% | $13m | 418,308 | -12% |
| Vaneck ETF TrustGDX | 0.2% | $13m | 169,404 | -10% |
| NetflixNFLX | 0.2% | $13m | 177,517 | +50% |
| Ishares TRIVV | 0.2% | $13m | 16,765 | Held |
| GE VernovaGEV | 0.2% | $13m | 10,672 | -4% |
| Analog DevicesADI | 0.1% | $11m | 27,288 | +5% |
| Carrier GlobalCARR | 0.1% | $10m | 139,202 | Held |
| Air Products & ChemicalsAPD | 0.1% | $10m | 33,571 | Held |
| Vanguard Intl Equity Index FVEU | 0.1% | $10m | 117,094 | +4% |
| Sherwin-WilliamsSHW | 0.1% | $9m | 27,480 | Held |
Showing the largest 100 of 388.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 2.8% since 30 June 2025.
Where the money is
Technology24.0%
Health care15.7%
Financial services12.1%
Industrials10.9%
Retail & consumer10.2%
Media & telecom8.5%
Everyday goods5.7%
Materials2.6%
Energy1.5%
Real estate1.3%
Utilities1.0%
Other6.3%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.