Filed: 2/10/2026ACC: 0000105495-26-000001
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 374 equity positions with a total reported market value of $8.25B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
374
Positions
$8.25B
Total AUM (reported)
46.25M
Total Shares
Allocation by class
COM$6.65B80.6%
CAP STK CL C$372.44M4.5%
COM CL A$254.81M3.1%
CAP STK CL A$131.81M1.6%
CL A$115.95M1.4%
UTSER1 S&PDCRP$100.60M1.2%
VAN FTSE DEV MKT$60.43M0.7%
Portfolio Concentration
Top 3$1.51B18.3%
4–10$1.67B20.2%
11–25$1.80B21.8%
Rest$3.27B39.6%
Top 3 weight
18.3%
Top 10 weight
38.6%
Voting Authority Distribution
Total shares with voting rights: 46.25M
Sole
Full voting authority
36.85M
shares
% of voting shares79.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
9.40M
shares
% of voting shares20.3%
Investment Discretion (by position count)
Sole374
Shared0
Other0
Dominant voting typeSole · 79.7% of voting shares
Institutional Holdings374
Rows:
NVIDIA CORPORATION
SOLEShares3.34M
TypeSH
Market value$622.41M
7.54%
Sole
2.78M
Shared
0.00
None
559.06K
APPLE INC
SOLEShares1.70M
TypeSH
Market value$462.76M
5.61%
Sole
1.40M
Shared
0.00
None
306.67K
MICROSOFT CORP
SOLEShares887.46K
TypeSH
Market value$429.19M
5.20%
Sole
726.33K
Shared
0.00
None
161.13K
ALPHABET INC
SOLEShares1.19M
TypeSH
Market value$372.44M
4.51%
Sole
946.78K
Shared
0.00
None
240.08K
OREILLY AUTOMOTIVE INC
SOLEShares2.87M
TypeSH
Market value$261.75M
3.17%
Sole
2.43M
Shared
0.00
None
436.49K
VISA INC
SOLEShares725.72K
TypeSH
Market value$254.52M
3.08%
Sole
605.64K
Shared
0.00
None
120.08K
JPMORGAN CHASE & CO.
SOLEShares665.96K
TypeSH
Market value$214.58M
2.60%
Sole
536.95K
Shared
0.00
None
129.01K
RTX CORPORATION
SOLEShares1.12M
TypeSH
Market value$206.00M
2.50%
Sole
895.73K
Shared
0.00
None
227.51K
ELI LILLY & CO
SOLEShares167.82K
TypeSH
Market value$180.35M
2.18%
Sole
143.86K
Shared
0.00
None
23.96K
STRYKER CORPORATION
SOLEShares512.48K
TypeSH
Market value$180.12M
2.18%
Sole
427.80K
Shared
0.00
None
84.68K
HOME DEPOT INC
SOLEShares428.48K
TypeSH
Market value$147.44M
1.79%
Sole
349.99K
Shared
0.00
None
78.49K
DANAHER CORPORATION
SOLEShares619K
TypeSH
Market value$141.70M
1.72%
Sole
577.56K
Shared
0.00
None
41.43K
COSTCO WHSL CORP NEW
SOLEShares162.34K
TypeSH
Market value$140.00M
1.70%
Sole
151.04K
Shared
0.00
None
11.30K
JOHNSON & JOHNSON
SOLEShares670.09K
TypeSH
Market value$138.68M
1.68%
Sole
534.44K
Shared
0.00
None
135.66K
ALPHABET INC
SOLEShares421.13K
TypeSH
Market value$131.81M
1.60%
Sole
375.75K
Shared
0.00
None
45.38K
AMAZON COM INC
SOLEShares563.17K
TypeSH
Market value$129.99M
1.57%
Sole
378.94K
Shared
0.00
None
184.22K
ECOLAB INC
SOLEShares472.16K
TypeSH
Market value$123.95M
1.50%
Sole
375.98K
Shared
0.00
None
96.18K
CHUBB LIMITED
SOLEShares393.95K
TypeSH
Market value$122.96M
1.49%
Sole
303.22K
Shared
0.00
None
90.73K
TJX COS INC NEW
SOLEShares777.97K
TypeSH
Market value$119.50M
1.45%
Sole
723.53K
Shared
0.00
None
54.44K
IDEXX LABS INC
SOLEShares168.28K
TypeSH
Market value$113.85M
1.38%
Sole
165.12K
Shared
0.00
None
3.16K
PROCTER AND GAMBLE CO
SOLEShares768.23K
TypeSH
Market value$110.09M
1.33%
Sole
638.20K
Shared
0.00
None
130.03K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares166.75K
TypeSH
Market value$100.60M
1.22%
Sole
106.88K
Shared
0.00
None
59.88K
VERTEX PHARMACEUTICALS INC
SOLEShares218.20K
TypeSH
Market value$98.92M
1.20%
Sole
176.84K
Shared
0.00
None
41.36K
MCDONALDS CORP
SOLEShares306.41K
TypeSH
Market value$93.65M
1.13%
Sole
230.81K
Shared
0.00
None
75.60K
ROPER TECHNOLOGIES INC
SOLEShares194.46K
TypeSH
Market value$86.56M
1.05%
Sole
150.88K
Shared
0.00
None
43.58K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 3.34M | SH | $622.41M 7.54% | 2.78M | 0.00 | 559.06K |
APPLE INCSOLE | COM | 1.70M | SH | $462.76M 5.61% | 1.40M | 0.00 | 306.67K |
MICROSOFT CORPSOLE | COM | 887.46K | SH | $429.19M 5.20% | 726.33K | 0.00 | 161.13K |
ALPHABET INCSOLE | CAP STK CL C | 1.19M | SH | $372.44M 4.51% | 946.78K | 0.00 | 240.08K |
OREILLY AUTOMOTIVE INCSOLE | COM | 2.87M | SH | $261.75M 3.17% | 2.43M | 0.00 | 436.49K |
VISA INCSOLE | COM CL A | 725.72K | SH | $254.52M 3.08% | 605.64K | 0.00 | 120.08K |
JPMORGAN CHASE & CO.SOLE | COM | 665.96K | SH | $214.58M 2.60% | 536.95K | 0.00 | 129.01K |
RTX CORPORATIONSOLE | COM | 1.12M | SH | $206.00M 2.50% | 895.73K | 0.00 | 227.51K |
ELI LILLY & COSOLE | COM | 167.82K | SH | $180.35M 2.18% | 143.86K | 0.00 | 23.96K |
STRYKER CORPORATIONSOLE | COM | 512.48K | SH | $180.12M 2.18% | 427.80K | 0.00 | 84.68K |
HOME DEPOT INCSOLE | COM | 428.48K | SH | $147.44M 1.79% | 349.99K | 0.00 | 78.49K |
DANAHER CORPORATIONSOLE | COM | 619K | SH | $141.70M 1.72% | 577.56K | 0.00 | 41.43K |
COSTCO WHSL CORP NEWSOLE | COM | 162.34K | SH | $140.00M 1.70% | 151.04K | 0.00 | 11.30K |
JOHNSON & JOHNSONSOLE | COM | 670.09K | SH | $138.68M 1.68% | 534.44K | 0.00 | 135.66K |
ALPHABET INCSOLE | CAP STK CL A | 421.13K | SH | $131.81M 1.60% | 375.75K | 0.00 | 45.38K |
AMAZON COM INCSOLE | COM | 563.17K | SH | $129.99M 1.57% | 378.94K | 0.00 | 184.22K |
ECOLAB INCSOLE | COM | 472.16K | SH | $123.95M 1.50% | 375.98K | 0.00 | 96.18K |
CHUBB LIMITEDSOLE | COM | 393.95K | SH | $122.96M 1.49% | 303.22K | 0.00 | 90.73K |
TJX COS INC NEWSOLE | COM | 777.97K | SH | $119.50M 1.45% | 723.53K | 0.00 | 54.44K |
IDEXX LABS INCSOLE | COM | 168.28K | SH | $113.85M 1.38% | 165.12K | 0.00 | 3.16K |
PROCTER AND GAMBLE COSOLE | COM | 768.23K | SH | $110.09M 1.33% | 638.20K | 0.00 | 130.03K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 166.75K | SH | $100.60M 1.22% | 106.88K | 0.00 | 59.88K |
VERTEX PHARMACEUTICALS INCSOLE | COM | 218.20K | SH | $98.92M 1.20% | 176.84K | 0.00 | 41.36K |
MCDONALDS CORPSOLE | COM | 306.41K | SH | $93.65M 1.13% | 230.81K | 0.00 | 75.60K |
ROPER TECHNOLOGIES INCSOLE | COM | 194.46K | SH | $86.56M 1.05% | 150.88K | 0.00 | 43.58K |
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