Filed: 4/14/2023ACC: 0001085146-23-001692
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 365 equity positions with a total reported market value of $5.91B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
365
Positions
$5.91B
Total AUM (reported)
45.70M
Total Shares
Allocation by class
COM$4.88B82.7%
COM CL A$174.85M3.0%
CAP STK CL C$123.70M2.1%
CL A$99.19M1.7%
UTSER1 S&PDCRP$73.26M1.2%
CAP STK CL A$47.63M0.8%
SHS$47.35M0.8%
Portfolio Concentration
Top 3$751.33M12.7%
4–10$1.04B17.7%
11–25$1.41B23.9%
Rest$2.70B45.7%
Top 3 weight
12.7%
Top 10 weight
30.4%
Voting Authority Distribution
Total shares with voting rights: 45.70M
Sole
Full voting authority
37.57M
shares
% of voting shares82.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.13M
shares
% of voting shares17.8%
Investment Discretion (by position count)
Sole365
Shared0
Other0
Dominant voting typeSole · 82.2% of voting shares
Institutional Holdings365
Rows:
APPLE INC
SOLEShares1.83M
TypeSH
Market value$301.82M
5.11%
Sole
1.56M
Shared
0.00
None
274.19K
MICROSOFT CORP
SOLEShares917.60K
TypeSH
Market value$264.54M
4.48%
Sole
774.41K
Shared
0.00
None
143.19K
OREILLY AUTOMOTIVE INC
SOLEShares217.87K
TypeSH
Market value$184.97M
3.13%
Sole
184.30K
Shared
0.00
None
33.58K
VISA INC
SOLEShares773.68K
TypeSH
Market value$174.43M
2.95%
Sole
651.46K
Shared
0.00
None
122.22K
DANAHER CORPORATION
SOLEShares673.37K
TypeSH
Market value$169.72M
2.87%
Sole
584.95K
Shared
0.00
None
88.42K
NVIDIA CORPORATION
SOLEShares561.47K
TypeSH
Market value$155.96M
2.64%
Sole
444.15K
Shared
0.00
None
117.32K
STRYKER CORPORATION
SOLEShares531.63K
TypeSH
Market value$151.76M
2.57%
Sole
452.58K
Shared
0.00
None
79.04K
ANSYS INC
SOLEShares419.83K
TypeSH
Market value$139.72M
2.37%
Sole
394.30K
Shared
0.00
None
25.53K
HOME DEPOT INC
SOLEShares436.34K
TypeSH
Market value$128.77M
2.18%
Sole
366.10K
Shared
0.00
None
70.24K
JOHNSON & JOHNSON
SOLEShares798.70K
TypeSH
Market value$123.80M
2.10%
Sole
674.54K
Shared
0.00
None
124.16K
ALPHABET INC
SOLEShares1.19M
TypeSH
Market value$123.70M
2.09%
Sole
970.23K
Shared
0.00
None
219.16K
PROCTER AND GAMBLE CO
SOLEShares807.02K
TypeSH
Market value$120.00M
2.03%
Sole
702.28K
Shared
0.00
None
104.75K
RAYTHEON TECHNOLOGIES CORP
SOLEShares1.15M
TypeSH
Market value$112.70M
1.91%
Sole
934.80K
Shared
0.00
None
216.04K
PEPSICO INC
SOLEShares595.48K
TypeSH
Market value$108.56M
1.84%
Sole
500.09K
Shared
0.00
None
95.39K
FISERV INC
SOLEShares918.39K
TypeSH
Market value$103.81M
1.76%
Sole
732.46K
Shared
0.00
None
185.93K
METTLER TOLEDO INTERNATIONAL
SOLEShares65.87K
TypeSH
Market value$100.79M
1.71%
Sole
60.82K
Shared
0.00
None
5.04K
JPMORGAN CHASE & CO
SOLEShares736.76K
TypeSH
Market value$96.01M
1.63%
Sole
585.60K
Shared
0.00
None
151.16K
MCDONALDS CORP
SOLEShares324.93K
TypeSH
Market value$90.85M
1.54%
Sole
260.95K
Shared
0.00
None
63.98K
IDEXX LABS INC
SOLEShares174.41K
TypeSH
Market value$87.22M
1.48%
Sole
171.34K
Shared
0.00
None
3.08K
COSTCO WHSL CORP NEW
SOLEShares172.60K
TypeSH
Market value$85.76M
1.45%
Sole
158.16K
Shared
0.00
None
14.44K
ROPER TECHNOLOGIES INC
SOLEShares192.24K
TypeSH
Market value$84.72M
1.43%
Sole
151.84K
Shared
0.00
None
40.41K
CHUBB LIMITED
SOLEShares412.92K
TypeSH
Market value$80.18M
1.36%
Sole
330.34K
Shared
0.00
None
82.58K
ECOLAB INC
SOLEShares455.41K
TypeSH
Market value$75.38M
1.28%
Sole
371.14K
Shared
0.00
None
84.27K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares159.82K
TypeSH
Market value$73.26M
1.24%
Sole
126.64K
Shared
0.00
None
33.18K
WATSCO INC
SOLEShares214.85K
TypeSH
Market value$68.36M
1.16%
Sole
197.60K
Shared
0.00
None
17.25K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLE INCSOLE | COM | 1.83M | SH | $301.82M 5.11% | 1.56M | 0.00 | 274.19K |
MICROSOFT CORPSOLE | COM | 917.60K | SH | $264.54M 4.48% | 774.41K | 0.00 | 143.19K |
OREILLY AUTOMOTIVE INCSOLE | COM | 217.87K | SH | $184.97M 3.13% | 184.30K | 0.00 | 33.58K |
VISA INCSOLE | COM CL A | 773.68K | SH | $174.43M 2.95% | 651.46K | 0.00 | 122.22K |
DANAHER CORPORATIONSOLE | COM | 673.37K | SH | $169.72M 2.87% | 584.95K | 0.00 | 88.42K |
NVIDIA CORPORATIONSOLE | COM | 561.47K | SH | $155.96M 2.64% | 444.15K | 0.00 | 117.32K |
STRYKER CORPORATIONSOLE | COM | 531.63K | SH | $151.76M 2.57% | 452.58K | 0.00 | 79.04K |
ANSYS INCSOLE | COM | 419.83K | SH | $139.72M 2.37% | 394.30K | 0.00 | 25.53K |
HOME DEPOT INCSOLE | COM | 436.34K | SH | $128.77M 2.18% | 366.10K | 0.00 | 70.24K |
JOHNSON & JOHNSONSOLE | COM | 798.70K | SH | $123.80M 2.10% | 674.54K | 0.00 | 124.16K |
ALPHABET INCSOLE | CAP STK CL C | 1.19M | SH | $123.70M 2.09% | 970.23K | 0.00 | 219.16K |
PROCTER AND GAMBLE COSOLE | COM | 807.02K | SH | $120.00M 2.03% | 702.28K | 0.00 | 104.75K |
RAYTHEON TECHNOLOGIES CORPSOLE | COM | 1.15M | SH | $112.70M 1.91% | 934.80K | 0.00 | 216.04K |
PEPSICO INCSOLE | COM | 595.48K | SH | $108.56M 1.84% | 500.09K | 0.00 | 95.39K |
FISERV INCSOLE | COM | 918.39K | SH | $103.81M 1.76% | 732.46K | 0.00 | 185.93K |
METTLER TOLEDO INTERNATIONALSOLE | COM | 65.87K | SH | $100.79M 1.71% | 60.82K | 0.00 | 5.04K |
JPMORGAN CHASE & COSOLE | COM | 736.76K | SH | $96.01M 1.63% | 585.60K | 0.00 | 151.16K |
MCDONALDS CORPSOLE | COM | 324.93K | SH | $90.85M 1.54% | 260.95K | 0.00 | 63.98K |
IDEXX LABS INCSOLE | COM | 174.41K | SH | $87.22M 1.48% | 171.34K | 0.00 | 3.08K |
COSTCO WHSL CORP NEWSOLE | COM | 172.60K | SH | $85.76M 1.45% | 158.16K | 0.00 | 14.44K |
ROPER TECHNOLOGIES INCSOLE | COM | 192.24K | SH | $84.72M 1.43% | 151.84K | 0.00 | 40.41K |
CHUBB LIMITEDSOLE | COM | 412.92K | SH | $80.18M 1.36% | 330.34K | 0.00 | 82.58K |
ECOLAB INCSOLE | COM | 455.41K | SH | $75.38M 1.28% | 371.14K | 0.00 | 84.27K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 159.82K | SH | $73.26M 1.24% | 126.64K | 0.00 | 33.18K |
WATSCO INCSOLE | COM | 214.85K | SH | $68.36M 1.16% | 197.60K | 0.00 | 17.25K |
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