Filed: 7/30/2026ACC: 0000105495-26-000003
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 388 equity positions with a total reported market value of $8.23B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
388
Positions
$8.23B
Total AUM (reported)
44.74M
Total Shares
Allocation by class
COM$6.61B80.3%
CAP STK CL C$407.47M5.0%
COM CL A$242.22M2.9%
CAP STK CL A$143.56M1.7%
CL A$107.47M1.3%
UTSER1 S&PDCRP$100.00M1.2%
VAN FTSE DEV MKT$67.70M0.8%
Portfolio Concentration
Top 3$1.50B18.2%
4–10$1.62B19.7%
11–25$1.86B22.6%
Rest$3.25B39.5%
Top 3 weight
18.2%
Top 10 weight
37.9%
Voting Authority Distribution
Total shares with voting rights: 44.74M
Sole
Full voting authority
35.81M
shares
% of voting shares80.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.93M
shares
% of voting shares20.0%
Investment Discretion (by position count)
Sole388
Shared0
Other0
Dominant voting typeSole · 80.0% of voting shares
Institutional Holdings388
Rows:
NVIDIA CORPORATION
SOLEShares3.04M
TypeSH
Market value$608.51M
7.40%
Sole
2.54M
Shared
0.00
None
498.88K
APPLE INC
SOLEShares1.66M
TypeSH
Market value$481.16M
5.85%
Sole
1.37M
Shared
0.00
None
288.24K
ALPHABET INC
SOLEShares1.15M
TypeSH
Market value$407.47M
4.95%
Sole
930.26K
Shared
0.00
None
222.97K
MICROSOFT CORP
SOLEShares887.24K
TypeSH
Market value$330.96M
4.02%
Sole
729.03K
Shared
0.00
None
158.21K
OREILLY AUTOMOTIVE INC
SOLEShares2.81M
TypeSH
Market value$258.72M
3.14%
Sole
2.40M
Shared
0.00
None
405.18K
VISA INC
SOLEShares705.11K
TypeSH
Market value$241.91M
2.94%
Sole
593.92K
Shared
0.00
None
111.18K
JPMORGAN CHASE & CO
SOLEShares645.49K
TypeSH
Market value$211.29M
2.57%
Sole
525.63K
Shared
0.00
None
119.86K
ELI LILLY & CO
SOLEShares172.70K
TypeSH
Market value$207.15M
2.52%
Sole
147.40K
Shared
0.00
None
25.30K
RTX CORPORATION
SOLEShares1.07M
TypeSH
Market value$202.99M
2.47%
Sole
867.23K
Shared
0.00
None
202.65K
JOHNSON & JOHNSON
SOLEShares657.99K
TypeSH
Market value$167.11M
2.03%
Sole
530.63K
Shared
0.00
None
127.36K
STRYKER CORPORATION
SOLEShares519.50K
TypeSH
Market value$163.56M
1.99%
Sole
438.62K
Shared
0.00
None
80.88K
COSTCO WHOLESALE CORPORATION
SOLEShares162.28K
TypeSH
Market value$151.81M
1.84%
Sole
151.59K
Shared
0.00
None
10.68K
HOME DEPOT INC
SOLEShares428.51K
TypeSH
Market value$151.13M
1.84%
Sole
349.15K
Shared
0.00
None
79.35K
ALPHABET INC
SOLEShares401.72K
TypeSH
Market value$143.56M
1.74%
Sole
360.29K
Shared
0.00
None
41.43K
AMAZON COM INC
SOLEShares579.89K
TypeSH
Market value$138.21M
1.68%
Sole
398.69K
Shared
0.00
None
181.20K
CHUBB LIMITED
SOLEShares384.80K
TypeSH
Market value$131.12M
1.59%
Sole
299.70K
Shared
0.00
None
85.10K
ECOLAB INC
SOLEShares468.72K
TypeSH
Market value$130.59M
1.59%
Sole
373.73K
Shared
0.00
None
94.99K
TJX COS INC NEW
SOLEShares767.96K
TypeSH
Market value$116.35M
1.41%
Sole
717.63K
Shared
0.00
None
50.33K
DANAHER CORP DEL
SOLEShares598.32K
TypeSH
Market value$113.97M
1.39%
Sole
561.81K
Shared
0.00
None
36.51K
PROCTER & GAMBLE CO
SOLEShares754.63K
TypeSH
Market value$110.66M
1.34%
Sole
626.50K
Shared
0.00
None
128.13K
PALO ALTO NETWORKS INC
SOLEShares322.39K
TypeSH
Market value$109.94M
1.34%
Sole
238.13K
Shared
0.00
None
84.26K
VERTEX PHARMACEUTICALS INC
SOLEShares221.30K
TypeSH
Market value$109.93M
1.34%
Sole
179.26K
Shared
0.00
None
42.04K
STATE STR SPDR S&P MIDCAP 40
SOLEShares142.17K
TypeSH
Market value$100.00M
1.22%
Sole
86.73K
Shared
0.00
None
55.45K
BROADCOM INC
SOLEShares263.01K
TypeSH
Market value$99.35M
1.21%
Sole
179.56K
Shared
0.00
None
83.45K
IDEXX LABS INC
SOLEShares167.67K
TypeSH
Market value$88.27M
1.07%
Sole
164.70K
Shared
0.00
None
2.96K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 3.04M | SH | $608.51M 7.40% | 2.54M | 0.00 | 498.88K |
APPLE INCSOLE | COM | 1.66M | SH | $481.16M 5.85% | 1.37M | 0.00 | 288.24K |
ALPHABET INCSOLE | CAP STK CL C | 1.15M | SH | $407.47M 4.95% | 930.26K | 0.00 | 222.97K |
MICROSOFT CORPSOLE | COM | 887.24K | SH | $330.96M 4.02% | 729.03K | 0.00 | 158.21K |
OREILLY AUTOMOTIVE INCSOLE | COM | 2.81M | SH | $258.72M 3.14% | 2.40M | 0.00 | 405.18K |
VISA INCSOLE | COM CL A | 705.11K | SH | $241.91M 2.94% | 593.92K | 0.00 | 111.18K |
JPMORGAN CHASE & COSOLE | COM | 645.49K | SH | $211.29M 2.57% | 525.63K | 0.00 | 119.86K |
ELI LILLY & COSOLE | COM | 172.70K | SH | $207.15M 2.52% | 147.40K | 0.00 | 25.30K |
RTX CORPORATIONSOLE | COM | 1.07M | SH | $202.99M 2.47% | 867.23K | 0.00 | 202.65K |
JOHNSON & JOHNSONSOLE | COM | 657.99K | SH | $167.11M 2.03% | 530.63K | 0.00 | 127.36K |
STRYKER CORPORATIONSOLE | COM | 519.50K | SH | $163.56M 1.99% | 438.62K | 0.00 | 80.88K |
COSTCO WHOLESALE CORPORATIONSOLE | COM | 162.28K | SH | $151.81M 1.84% | 151.59K | 0.00 | 10.68K |
HOME DEPOT INCSOLE | COM | 428.51K | SH | $151.13M 1.84% | 349.15K | 0.00 | 79.35K |
ALPHABET INCSOLE | CAP STK CL A | 401.72K | SH | $143.56M 1.74% | 360.29K | 0.00 | 41.43K |
AMAZON COM INCSOLE | COM | 579.89K | SH | $138.21M 1.68% | 398.69K | 0.00 | 181.20K |
CHUBB LIMITEDSOLE | COM | 384.80K | SH | $131.12M 1.59% | 299.70K | 0.00 | 85.10K |
ECOLAB INCSOLE | COM | 468.72K | SH | $130.59M 1.59% | 373.73K | 0.00 | 94.99K |
TJX COS INC NEWSOLE | COM | 767.96K | SH | $116.35M 1.41% | 717.63K | 0.00 | 50.33K |
DANAHER CORP DELSOLE | COM | 598.32K | SH | $113.97M 1.39% | 561.81K | 0.00 | 36.51K |
PROCTER & GAMBLE COSOLE | COM | 754.63K | SH | $110.66M 1.34% | 626.50K | 0.00 | 128.13K |
PALO ALTO NETWORKS INCSOLE | COM | 322.39K | SH | $109.94M 1.34% | 238.13K | 0.00 | 84.26K |
VERTEX PHARMACEUTICALS INCSOLE | COM | 221.30K | SH | $109.93M 1.34% | 179.26K | 0.00 | 42.04K |
STATE STR SPDR S&P MIDCAP 40SOLE | UTSER1 S&PDCRP | 142.17K | SH | $100.00M 1.22% | 86.73K | 0.00 | 55.45K |
BROADCOM INCSOLE | COM | 263.01K | SH | $99.35M 1.21% | 179.56K | 0.00 | 83.45K |
IDEXX LABS INCSOLE | COM | 167.67K | SH | $88.27M 1.07% | 164.70K | 0.00 | 2.96K |
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