Filed: 7/28/2023ACC: 0001085146-23-002959
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 375 equity positions with a total reported market value of $6.34B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
375
Positions
$6.34B
Total AUM (reported)
45.58M
Total Shares
Allocation by class
COM$5.24B82.7%
COM CL A$182.66M2.9%
CAP STK CL C$143.30M2.3%
CL A$114.23M1.8%
UTSER1 S&PDCRP$77.23M1.2%
CAP STK CL A$55.62M0.9%
SHS$51.95M0.8%
Portfolio Concentration
Top 3$890.03M14.0%
4–10$1.13B17.7%
11–25$1.48B23.3%
Rest$2.85B44.9%
Top 3 weight
14.0%
Top 10 weight
31.8%
Voting Authority Distribution
Total shares with voting rights: 45.58M
Sole
Full voting authority
37.27M
shares
% of voting shares81.8%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.30M
shares
% of voting shares18.2%
Investment Discretion (by position count)
Sole375
Shared0
Other0
Dominant voting typeSole · 81.8% of voting shares
Institutional Holdings375
Rows:
APPLE INC
SOLEShares1.80M
TypeSH
Market value$348.48M
5.50%
Sole
1.52M
Shared
0.00
None
277.23K
MICROSOFT CORP
SOLEShares914.45K
TypeSH
Market value$311.41M
4.91%
Sole
769.10K
Shared
0.00
None
145.35K
NVIDIA CORPORATION
SOLEShares544.04K
TypeSH
Market value$230.14M
3.63%
Sole
430.57K
Shared
0.00
None
113.47K
OREILLY AUTOMOTIVE INC
SOLEShares214.26K
TypeSH
Market value$204.68M
3.23%
Sole
181.28K
Shared
0.00
None
32.98K
VISA INC
SOLEShares767.37K
TypeSH
Market value$182.23M
2.87%
Sole
645.41K
Shared
0.00
None
121.95K
DANAHER CORPORATION
SOLEShares674.57K
TypeSH
Market value$161.90M
2.55%
Sole
584.88K
Shared
0.00
None
89.68K
STRYKER CORPORATION
SOLEShares526.39K
TypeSH
Market value$160.60M
2.53%
Sole
447.79K
Shared
0.00
None
78.60K
ALPHABET INC
SOLEShares1.18M
TypeSH
Market value$143.30M
2.26%
Sole
967.35K
Shared
0.00
None
217.25K
ANSYS INC
SOLEShares416.26K
TypeSH
Market value$137.48M
2.17%
Sole
390.90K
Shared
0.00
None
25.36K
HOME DEPOT INC
SOLEShares434.44K
TypeSH
Market value$134.96M
2.13%
Sole
363.07K
Shared
0.00
None
71.38K
JOHNSON & JOHNSON
SOLEShares796.66K
TypeSH
Market value$131.86M
2.08%
Sole
671.61K
Shared
0.00
None
125.05K
PROCTER AND GAMBLE CO
SOLEShares808.69K
TypeSH
Market value$122.71M
1.94%
Sole
701.49K
Shared
0.00
None
107.20K
FISERV INC
SOLEShares912.46K
TypeSH
Market value$115.11M
1.82%
Sole
726.40K
Shared
0.00
None
186.06K
RAYTHEON TECHNOLOGIES CORP
SOLEShares1.16M
TypeSH
Market value$113.27M
1.79%
Sole
935K
Shared
0.00
None
221.24K
PEPSICO INC
SOLEShares593.88K
TypeSH
Market value$110.00M
1.74%
Sole
497.06K
Shared
0.00
None
96.82K
JPMORGAN CHASE & CO
SOLEShares730.43K
TypeSH
Market value$106.23M
1.68%
Sole
578.39K
Shared
0.00
None
152.04K
MCDONALDS CORP
SOLEShares323.13K
TypeSH
Market value$96.43M
1.52%
Sole
258.67K
Shared
0.00
None
64.46K
COSTCO WHSL CORP NEW
SOLEShares172.81K
TypeSH
Market value$93.04M
1.47%
Sole
158.25K
Shared
0.00
None
14.56K
ROPER TECHNOLOGIES INC
SOLEShares191.60K
TypeSH
Market value$92.12M
1.45%
Sole
150.96K
Shared
0.00
None
40.64K
IDEXX LABS INC
SOLEShares173.31K
TypeSH
Market value$87.04M
1.37%
Sole
170.22K
Shared
0.00
None
3.08K
METTLER TOLEDO INTERNATIONAL
SOLEShares64.98K
TypeSH
Market value$85.24M
1.34%
Sole
60.04K
Shared
0.00
None
4.94K
ECOLAB INC
SOLEShares456.12K
TypeSH
Market value$85.15M
1.34%
Sole
370.20K
Shared
0.00
None
85.92K
WATSCO INC
SOLEShares212.37K
TypeSH
Market value$81.01M
1.28%
Sole
195.17K
Shared
0.00
None
17.20K
CHUBB LIMITED
SOLEShares414.38K
TypeSH
Market value$79.79M
1.26%
Sole
330.05K
Shared
0.00
None
84.33K
CARMAX INC
SOLEShares923.45K
TypeSH
Market value$77.29M
1.22%
Sole
758.32K
Shared
0.00
None
165.13K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLE INCSOLE | COM | 1.80M | SH | $348.48M 5.50% | 1.52M | 0.00 | 277.23K |
MICROSOFT CORPSOLE | COM | 914.45K | SH | $311.41M 4.91% | 769.10K | 0.00 | 145.35K |
NVIDIA CORPORATIONSOLE | COM | 544.04K | SH | $230.14M 3.63% | 430.57K | 0.00 | 113.47K |
OREILLY AUTOMOTIVE INCSOLE | COM | 214.26K | SH | $204.68M 3.23% | 181.28K | 0.00 | 32.98K |
VISA INCSOLE | COM CL A | 767.37K | SH | $182.23M 2.87% | 645.41K | 0.00 | 121.95K |
DANAHER CORPORATIONSOLE | COM | 674.57K | SH | $161.90M 2.55% | 584.88K | 0.00 | 89.68K |
STRYKER CORPORATIONSOLE | COM | 526.39K | SH | $160.60M 2.53% | 447.79K | 0.00 | 78.60K |
ALPHABET INCSOLE | CAP STK CL C | 1.18M | SH | $143.30M 2.26% | 967.35K | 0.00 | 217.25K |
ANSYS INCSOLE | COM | 416.26K | SH | $137.48M 2.17% | 390.90K | 0.00 | 25.36K |
HOME DEPOT INCSOLE | COM | 434.44K | SH | $134.96M 2.13% | 363.07K | 0.00 | 71.38K |
JOHNSON & JOHNSONSOLE | COM | 796.66K | SH | $131.86M 2.08% | 671.61K | 0.00 | 125.05K |
PROCTER AND GAMBLE COSOLE | COM | 808.69K | SH | $122.71M 1.94% | 701.49K | 0.00 | 107.20K |
FISERV INCSOLE | COM | 912.46K | SH | $115.11M 1.82% | 726.40K | 0.00 | 186.06K |
RAYTHEON TECHNOLOGIES CORPSOLE | COM | 1.16M | SH | $113.27M 1.79% | 935K | 0.00 | 221.24K |
PEPSICO INCSOLE | COM | 593.88K | SH | $110.00M 1.74% | 497.06K | 0.00 | 96.82K |
JPMORGAN CHASE & COSOLE | COM | 730.43K | SH | $106.23M 1.68% | 578.39K | 0.00 | 152.04K |
MCDONALDS CORPSOLE | COM | 323.13K | SH | $96.43M 1.52% | 258.67K | 0.00 | 64.46K |
COSTCO WHSL CORP NEWSOLE | COM | 172.81K | SH | $93.04M 1.47% | 158.25K | 0.00 | 14.56K |
ROPER TECHNOLOGIES INCSOLE | COM | 191.60K | SH | $92.12M 1.45% | 150.96K | 0.00 | 40.64K |
IDEXX LABS INCSOLE | COM | 173.31K | SH | $87.04M 1.37% | 170.22K | 0.00 | 3.08K |
METTLER TOLEDO INTERNATIONALSOLE | COM | 64.98K | SH | $85.24M 1.34% | 60.04K | 0.00 | 4.94K |
ECOLAB INCSOLE | COM | 456.12K | SH | $85.15M 1.34% | 370.20K | 0.00 | 85.92K |
WATSCO INCSOLE | COM | 212.37K | SH | $81.01M 1.28% | 195.17K | 0.00 | 17.20K |
CHUBB LIMITEDSOLE | COM | 414.38K | SH | $79.79M 1.26% | 330.05K | 0.00 | 84.33K |
CARMAX INCSOLE | COM | 923.45K | SH | $77.29M 1.22% | 758.32K | 0.00 | 165.13K |
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