Filed: 11/4/2025ACC: 0000105495-25-000002
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 383 equity positions with a total reported market value of $8.30B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
383
Positions
$8.30B
Total AUM (reported)
47.47M
Total Shares
Allocation by class
COM$6.82B82.1%
CAP STK CL C$293.06M3.5%
COM CL A$248.68M3.0%
CL A$125.25M1.5%
CAP STK CL A$104.33M1.3%
UTSER1 S&PDCRP$100.45M1.2%
CL B NEW$60.66M0.7%
Portfolio Concentration
Top 3$1.55B18.6%
4–10$1.62B19.5%
11–25$1.74B21.0%
Rest$3.39B40.9%
Top 3 weight
18.6%
Top 10 weight
38.1%
Voting Authority Distribution
Total shares with voting rights: 47.47M
Sole
Full voting authority
37.65M
shares
% of voting shares79.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
9.82M
shares
% of voting shares20.7%
Investment Discretion (by position count)
Sole383
Shared0
Other0
Dominant voting typeSole · 79.3% of voting shares
Institutional Holdings383
Rows:
NVIDIA CORPORATION
SOLEShares3.46M
TypeSH
Market value$645.97M
7.78%
Sole
2.86M
Shared
0.00
None
605.43K
MICROSOFT CORP
SOLEShares894.79K
TypeSH
Market value$463.46M
5.58%
Sole
732.36K
Shared
0.00
None
162.43K
APPLE INC
SOLEShares1.72M
TypeSH
Market value$438.55M
5.28%
Sole
1.41M
Shared
0.00
None
311.11K
OREILLY AUTOMOTIVE INC
SOLEShares2.88M
TypeSH
Market value$311.02M
3.75%
Sole
2.44M
Shared
0.00
None
447.69K
ALPHABET INC
SOLEShares1.20M
TypeSH
Market value$293.06M
3.53%
Sole
954.79K
Shared
0.00
None
248.49K
VISA INC
SOLEShares727.22K
TypeSH
Market value$248.26M
2.99%
Sole
605.50K
Shared
0.00
None
121.72K
JPMORGAN CHASE & CO.
SOLEShares671.29K
TypeSH
Market value$211.74M
2.55%
Sole
539.14K
Shared
0.00
None
132.15K
RTX CORPORATION
SOLEShares1.14M
TypeSH
Market value$191.01M
2.30%
Sole
906.93K
Shared
0.00
None
234.59K
STRYKER CORPORATION
SOLEShares513.62K
TypeSH
Market value$189.87M
2.29%
Sole
428.13K
Shared
0.00
None
85.50K
HOME DEPOT INC
SOLEShares427.48K
TypeSH
Market value$173.21M
2.09%
Sole
348.57K
Shared
0.00
None
78.91K
COSTCO WHSL CORP NEW
SOLEShares161.99K
TypeSH
Market value$149.95M
1.81%
Sole
150.75K
Shared
0.00
None
11.24K
ECOLAB INC
SOLEShares473.58K
TypeSH
Market value$129.70M
1.56%
Sole
376.15K
Shared
0.00
None
97.43K
ELI LILLY & CO
SOLEShares168.20K
TypeSH
Market value$128.33M
1.55%
Sole
144.03K
Shared
0.00
None
24.16K
JOHNSON & JOHNSON
SOLEShares675.86K
TypeSH
Market value$125.32M
1.51%
Sole
537.78K
Shared
0.00
None
138.08K
DANAHER CORPORATION
SOLEShares622.09K
TypeSH
Market value$123.34M
1.49%
Sole
580.08K
Shared
0.00
None
42.01K
PROCTER AND GAMBLE CO
SOLEShares787.88K
TypeSH
Market value$121.06M
1.46%
Sole
656.68K
Shared
0.00
None
131.20K
AMAZON COM INC
SOLEShares550.12K
TypeSH
Market value$120.79M
1.45%
Sole
364.58K
Shared
0.00
None
185.54K
TJX COS INC NEW
SOLEShares780.74K
TypeSH
Market value$112.85M
1.36%
Sole
726.12K
Shared
0.00
None
54.62K
FISERV INC
SOLEShares872.38K
TypeSH
Market value$112.48M
1.35%
Sole
696.65K
Shared
0.00
None
175.72K
CHUBB LIMITED
SOLEShares398.44K
TypeSH
Market value$112.46M
1.35%
Sole
306.02K
Shared
0.00
None
92.42K
IDEXX LABS INC
SOLEShares168.93K
TypeSH
Market value$107.93M
1.30%
Sole
165.73K
Shared
0.00
None
3.20K
ALPHABET INC
SOLEShares429.15K
TypeSH
Market value$104.33M
1.26%
Sole
382.42K
Shared
0.00
None
46.74K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares168.53K
TypeSH
Market value$100.45M
1.21%
Sole
107.17K
Shared
0.00
None
61.36K
ROPER TECHNOLOGIES INC
SOLEShares199.73K
TypeSH
Market value$99.61M
1.20%
Sole
154.27K
Shared
0.00
None
45.46K
MCDONALDS CORP
SOLEShares307.61K
TypeSH
Market value$93.48M
1.13%
Sole
231.04K
Shared
0.00
None
76.57K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 3.46M | SH | $645.97M 7.78% | 2.86M | 0.00 | 605.43K |
MICROSOFT CORPSOLE | COM | 894.79K | SH | $463.46M 5.58% | 732.36K | 0.00 | 162.43K |
APPLE INCSOLE | COM | 1.72M | SH | $438.55M 5.28% | 1.41M | 0.00 | 311.11K |
OREILLY AUTOMOTIVE INCSOLE | COM | 2.88M | SH | $311.02M 3.75% | 2.44M | 0.00 | 447.69K |
ALPHABET INCSOLE | CAP STK CL C | 1.20M | SH | $293.06M 3.53% | 954.79K | 0.00 | 248.49K |
VISA INCSOLE | COM CL A | 727.22K | SH | $248.26M 2.99% | 605.50K | 0.00 | 121.72K |
JPMORGAN CHASE & CO.SOLE | COM | 671.29K | SH | $211.74M 2.55% | 539.14K | 0.00 | 132.15K |
RTX CORPORATIONSOLE | COM | 1.14M | SH | $191.01M 2.30% | 906.93K | 0.00 | 234.59K |
STRYKER CORPORATIONSOLE | COM | 513.62K | SH | $189.87M 2.29% | 428.13K | 0.00 | 85.50K |
HOME DEPOT INCSOLE | COM | 427.48K | SH | $173.21M 2.09% | 348.57K | 0.00 | 78.91K |
COSTCO WHSL CORP NEWSOLE | COM | 161.99K | SH | $149.95M 1.81% | 150.75K | 0.00 | 11.24K |
ECOLAB INCSOLE | COM | 473.58K | SH | $129.70M 1.56% | 376.15K | 0.00 | 97.43K |
ELI LILLY & COSOLE | COM | 168.20K | SH | $128.33M 1.55% | 144.03K | 0.00 | 24.16K |
JOHNSON & JOHNSONSOLE | COM | 675.86K | SH | $125.32M 1.51% | 537.78K | 0.00 | 138.08K |
DANAHER CORPORATIONSOLE | COM | 622.09K | SH | $123.34M 1.49% | 580.08K | 0.00 | 42.01K |
PROCTER AND GAMBLE COSOLE | COM | 787.88K | SH | $121.06M 1.46% | 656.68K | 0.00 | 131.20K |
AMAZON COM INCSOLE | COM | 550.12K | SH | $120.79M 1.45% | 364.58K | 0.00 | 185.54K |
TJX COS INC NEWSOLE | COM | 780.74K | SH | $112.85M 1.36% | 726.12K | 0.00 | 54.62K |
FISERV INCSOLE | COM | 872.38K | SH | $112.48M 1.35% | 696.65K | 0.00 | 175.72K |
CHUBB LIMITEDSOLE | COM | 398.44K | SH | $112.46M 1.35% | 306.02K | 0.00 | 92.42K |
IDEXX LABS INCSOLE | COM | 168.93K | SH | $107.93M 1.30% | 165.73K | 0.00 | 3.20K |
ALPHABET INCSOLE | CAP STK CL A | 429.15K | SH | $104.33M 1.26% | 382.42K | 0.00 | 46.74K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 168.53K | SH | $100.45M 1.21% | 107.17K | 0.00 | 61.36K |
ROPER TECHNOLOGIES INCSOLE | COM | 199.73K | SH | $99.61M 1.20% | 154.27K | 0.00 | 45.46K |
MCDONALDS CORPSOLE | COM | 307.61K | SH | $93.48M 1.13% | 231.04K | 0.00 | 76.57K |
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