Filed: 2/2/2023ACC: 0001085146-23-000575
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 368 equity positions with a total reported market value of $5.58B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
368
Positions
$5.58B
Total AUM (reported)
46.23M
Total Shares
Allocation by class
COM$4.62B82.9%
COM CL A$161.39M2.9%
CAP STK CL C$105.22M1.9%
CL A$85.94M1.5%
UTSER1 S&PDCRP$70.13M1.3%
COM NEW$48.40M0.9%
SHS$44.20M0.8%
Portfolio Concentration
Top 3$649.42M11.6%
4–10$990.18M17.7%
11–25$1.31B23.4%
Rest$2.63B47.2%
Top 3 weight
11.6%
Top 10 weight
29.4%
Voting Authority Distribution
Total shares with voting rights: 46.23M
Sole
Full voting authority
38.22M
shares
% of voting shares82.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.01M
shares
% of voting shares17.3%
Investment Discretion (by position count)
Sole368
Shared0
Other0
Dominant voting typeSole · 82.7% of voting shares
Institutional Holdings368
Rows:
APPLE INC
SOLEShares1.85M
TypeSH
Market value$240.12M
4.30%
Sole
1.58M
Shared
0.00
None
271.03K
MICROSOFT CORP
SOLEShares918.53K
TypeSH
Market value$220.28M
3.95%
Sole
778.90K
Shared
0.00
None
139.63K
OREILLY AUTOMOTIVE INC
SOLEShares223.95K
TypeSH
Market value$189.02M
3.39%
Sole
190.02K
Shared
0.00
None
33.93K
DANAHER CORPORATION
SOLEShares675.30K
TypeSH
Market value$179.24M
3.21%
Sole
587.35K
Shared
0.00
None
87.96K
VISA INC
SOLEShares775.46K
TypeSH
Market value$161.11M
2.89%
Sole
654.83K
Shared
0.00
None
120.63K
JOHNSON & JOHNSON
SOLEShares798.64K
TypeSH
Market value$141.08M
2.53%
Sole
675.50K
Shared
0.00
None
123.14K
HOME DEPOT INC
SOLEShares439.73K
TypeSH
Market value$138.89M
2.49%
Sole
370.09K
Shared
0.00
None
69.64K
STRYKER CORPORATION
SOLEShares534.80K
TypeSH
Market value$130.75M
2.34%
Sole
455.18K
Shared
0.00
None
79.62K
PROCTER AND GAMBLE CO
SOLEShares808.19K
TypeSH
Market value$122.49M
2.20%
Sole
704.95K
Shared
0.00
None
103.24K
RAYTHEON TECHNOLOGIES CORP
SOLEShares1.16M
TypeSH
Market value$116.62M
2.09%
Sole
941.39K
Shared
0.00
None
214.17K
PEPSICO INC
SOLEShares595.47K
TypeSH
Market value$107.58M
1.93%
Sole
500.22K
Shared
0.00
None
95.25K
ALPHABET INC
SOLEShares1.19M
TypeSH
Market value$105.22M
1.89%
Sole
970.44K
Shared
0.00
None
215.37K
ANSYS INC
SOLEShares421.02K
TypeSH
Market value$101.72M
1.82%
Sole
395.85K
Shared
0.00
None
25.18K
JPMORGAN CHASE & CO
SOLEShares737.09K
TypeSH
Market value$98.84M
1.77%
Sole
585.78K
Shared
0.00
None
151.31K
METTLER TOLEDO INTERNATIONAL
SOLEShares67.03K
TypeSH
Market value$96.89M
1.74%
Sole
61.88K
Shared
0.00
None
5.15K
FISERV INC
SOLEShares919.21K
TypeSH
Market value$92.90M
1.67%
Sole
734.29K
Shared
0.00
None
184.92K
CHUBB LIMITED
SOLEShares408.52K
TypeSH
Market value$90.12M
1.62%
Sole
326.86K
Shared
0.00
None
81.66K
MCDONALDS CORP
SOLEShares323.44K
TypeSH
Market value$85.24M
1.53%
Sole
260.39K
Shared
0.00
None
63.05K
NVIDIA CORPORATION
SOLEShares578.73K
TypeSH
Market value$84.58M
1.52%
Sole
463.34K
Shared
0.00
None
115.39K
ROPER TECHNOLOGIES INC
SOLEShares193.06K
TypeSH
Market value$83.42M
1.50%
Sole
153.07K
Shared
0.00
None
39.99K
COSTCO WHSL CORP NEW
SOLEShares171.51K
TypeSH
Market value$78.29M
1.40%
Sole
156.50K
Shared
0.00
None
15K
IDEXX LABS INC
SOLEShares176.26K
TypeSH
Market value$71.91M
1.29%
Sole
173.20K
Shared
0.00
None
3.06K
ABBOTT LABS
SOLEShares647.27K
TypeSH
Market value$71.06M
1.27%
Sole
604.12K
Shared
0.00
None
43.15K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares158.37K
TypeSH
Market value$70.13M
1.26%
Sole
127.31K
Shared
0.00
None
31.06K
ABBVIE INC
SOLEShares415.46K
TypeSH
Market value$67.14M
1.20%
Sole
403.78K
Shared
0.00
None
11.69K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLE INCSOLE | COM | 1.85M | SH | $240.12M 4.30% | 1.58M | 0.00 | 271.03K |
MICROSOFT CORPSOLE | COM | 918.53K | SH | $220.28M 3.95% | 778.90K | 0.00 | 139.63K |
OREILLY AUTOMOTIVE INCSOLE | COM | 223.95K | SH | $189.02M 3.39% | 190.02K | 0.00 | 33.93K |
DANAHER CORPORATIONSOLE | COM | 675.30K | SH | $179.24M 3.21% | 587.35K | 0.00 | 87.96K |
VISA INCSOLE | COM CL A | 775.46K | SH | $161.11M 2.89% | 654.83K | 0.00 | 120.63K |
JOHNSON & JOHNSONSOLE | COM | 798.64K | SH | $141.08M 2.53% | 675.50K | 0.00 | 123.14K |
HOME DEPOT INCSOLE | COM | 439.73K | SH | $138.89M 2.49% | 370.09K | 0.00 | 69.64K |
STRYKER CORPORATIONSOLE | COM | 534.80K | SH | $130.75M 2.34% | 455.18K | 0.00 | 79.62K |
PROCTER AND GAMBLE COSOLE | COM | 808.19K | SH | $122.49M 2.20% | 704.95K | 0.00 | 103.24K |
RAYTHEON TECHNOLOGIES CORPSOLE | COM | 1.16M | SH | $116.62M 2.09% | 941.39K | 0.00 | 214.17K |
PEPSICO INCSOLE | COM | 595.47K | SH | $107.58M 1.93% | 500.22K | 0.00 | 95.25K |
ALPHABET INCSOLE | CAP STK CL C | 1.19M | SH | $105.22M 1.89% | 970.44K | 0.00 | 215.37K |
ANSYS INCSOLE | COM | 421.02K | SH | $101.72M 1.82% | 395.85K | 0.00 | 25.18K |
JPMORGAN CHASE & COSOLE | COM | 737.09K | SH | $98.84M 1.77% | 585.78K | 0.00 | 151.31K |
METTLER TOLEDO INTERNATIONALSOLE | COM | 67.03K | SH | $96.89M 1.74% | 61.88K | 0.00 | 5.15K |
FISERV INCSOLE | COM | 919.21K | SH | $92.90M 1.67% | 734.29K | 0.00 | 184.92K |
CHUBB LIMITEDSOLE | COM | 408.52K | SH | $90.12M 1.62% | 326.86K | 0.00 | 81.66K |
MCDONALDS CORPSOLE | COM | 323.44K | SH | $85.24M 1.53% | 260.39K | 0.00 | 63.05K |
NVIDIA CORPORATIONSOLE | COM | 578.73K | SH | $84.58M 1.52% | 463.34K | 0.00 | 115.39K |
ROPER TECHNOLOGIES INCSOLE | COM | 193.06K | SH | $83.42M 1.50% | 153.07K | 0.00 | 39.99K |
COSTCO WHSL CORP NEWSOLE | COM | 171.51K | SH | $78.29M 1.40% | 156.50K | 0.00 | 15K |
IDEXX LABS INCSOLE | COM | 176.26K | SH | $71.91M 1.29% | 173.20K | 0.00 | 3.06K |
ABBOTT LABSSOLE | COM | 647.27K | SH | $71.06M 1.27% | 604.12K | 0.00 | 43.15K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 158.37K | SH | $70.13M 1.26% | 127.31K | 0.00 | 31.06K |
ABBVIE INCSOLE | COM | 415.46K | SH | $67.14M 1.20% | 403.78K | 0.00 | 11.69K |
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