Filed: 11/3/2023ACC: 0001085146-23-004049
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 367 equity positions with a total reported market value of $6.05B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
367
Positions
$6.05B
Total AUM (reported)
52.17M
Total Shares
Allocation by class
COM$4.95B81.9%
COM CL A$175.72M2.9%
CAP STK CL C$154.57M2.6%
CL A$120.37M2.0%
UTSER1 S&PDCRP$74.23M1.2%
CAP STK CL A$59.92M1.0%
SHS$49.43M0.8%
Portfolio Concentration
Top 3$814.69M13.5%
4–10$1.09B18.0%
11–25$1.37B22.7%
Rest$2.77B45.8%
Top 3 weight
13.5%
Top 10 weight
31.5%
Voting Authority Distribution
Total shares with voting rights: 52.17M
Sole
Full voting authority
43.85M
shares
% of voting shares84.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.31M
shares
% of voting shares15.9%
Investment Discretion (by position count)
Sole367
Shared0
Other0
Dominant voting typeSole · 84.1% of voting shares
Institutional Holdings367
Rows:
APPLE INC
SOLEShares1.79M
TypeSH
Market value$305.65M
5.05%
Sole
1.51M
Shared
0.00
None
274.33K
MICROSOFT CORP
SOLEShares905.19K
TypeSH
Market value$285.81M
4.73%
Sole
757.78K
Shared
0.00
None
147.41K
NVIDIA CORPORATION
SOLEShares513.17K
TypeSH
Market value$223.22M
3.69%
Sole
412.64K
Shared
0.00
None
100.52K
OREILLY AUTOMOTIVE INC
SOLEShares212.87K
TypeSH
Market value$193.47M
3.20%
Sole
179.89K
Shared
0.00
None
32.98K
VISA INC
SOLEShares761.97K
TypeSH
Market value$175.26M
2.90%
Sole
640.09K
Shared
0.00
None
121.88K
DANAHER CORPORATION
SOLEShares676.34K
TypeSH
Market value$167.80M
2.77%
Sole
583.32K
Shared
0.00
None
93.02K
ALPHABET INC
SOLEShares1.17M
TypeSH
Market value$154.57M
2.56%
Sole
959.66K
Shared
0.00
None
212.65K
STRYKER CORPORATION
SOLEShares524.20K
TypeSH
Market value$143.25M
2.37%
Sole
444.21K
Shared
0.00
None
79.99K
HOME DEPOT INC
SOLEShares432.94K
TypeSH
Market value$130.82M
2.16%
Sole
360.13K
Shared
0.00
None
72.82K
ANSYS INC
SOLEShares416.40K
TypeSH
Market value$123.90M
2.05%
Sole
391.13K
Shared
0.00
None
25.27K
JOHNSON & JOHNSON
SOLEShares783.55K
TypeSH
Market value$122.04M
2.02%
Sole
659.35K
Shared
0.00
None
124.20K
PROCTER AND GAMBLE CO
SOLEShares805.98K
TypeSH
Market value$117.56M
1.94%
Sole
696.46K
Shared
0.00
None
109.52K
JPMORGAN CHASE & CO
SOLEShares726.08K
TypeSH
Market value$105.30M
1.74%
Sole
574.47K
Shared
0.00
None
151.61K
FISERV INC
SOLEShares908.84K
TypeSH
Market value$102.66M
1.70%
Sole
721.51K
Shared
0.00
None
187.32K
PEPSICO INC
SOLEShares592.36K
TypeSH
Market value$100.37M
1.66%
Sole
494.85K
Shared
0.00
None
97.51K
COSTCO WHSL CORP NEW
SOLEShares170.16K
TypeSH
Market value$96.13M
1.59%
Sole
157.45K
Shared
0.00
None
12.70K
ROPER TECHNOLOGIES INC
SOLEShares194.53K
TypeSH
Market value$94.21M
1.56%
Sole
153K
Shared
0.00
None
41.53K
CHUBB LIMITED
SOLEShares416.92K
TypeSH
Market value$86.80M
1.44%
Sole
329.09K
Shared
0.00
None
87.84K
MCDONALDS CORP
SOLEShares323.29K
TypeSH
Market value$85.17M
1.41%
Sole
257.88K
Shared
0.00
None
65.40K
RTX CORPORATION
SOLEShares1.17M
TypeSH
Market value$84.35M
1.39%
Sole
943.85K
Shared
0.00
None
228.14K
WATSCO INC
SOLEShares212.40K
TypeSH
Market value$80.23M
1.33%
Sole
194.96K
Shared
0.00
None
17.44K
ECOLAB INC
SOLEShares462.40K
TypeSH
Market value$78.33M
1.30%
Sole
375.44K
Shared
0.00
None
86.97K
IDEXX LABS INC
SOLEShares172.43K
TypeSH
Market value$75.40M
1.25%
Sole
169.76K
Shared
0.00
None
2.67K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares162.56K
TypeSH
Market value$74.23M
1.23%
Sole
126.25K
Shared
0.00
None
36.31K
METTLER TOLEDO INTERNATIONAL
SOLEShares64.96K
TypeSH
Market value$71.98M
1.19%
Sole
59.89K
Shared
0.00
None
5.07K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLE INCSOLE | COM | 1.79M | SH | $305.65M 5.05% | 1.51M | 0.00 | 274.33K |
MICROSOFT CORPSOLE | COM | 905.19K | SH | $285.81M 4.73% | 757.78K | 0.00 | 147.41K |
NVIDIA CORPORATIONSOLE | COM | 513.17K | SH | $223.22M 3.69% | 412.64K | 0.00 | 100.52K |
OREILLY AUTOMOTIVE INCSOLE | COM | 212.87K | SH | $193.47M 3.20% | 179.89K | 0.00 | 32.98K |
VISA INCSOLE | COM CL A | 761.97K | SH | $175.26M 2.90% | 640.09K | 0.00 | 121.88K |
DANAHER CORPORATIONSOLE | COM | 676.34K | SH | $167.80M 2.77% | 583.32K | 0.00 | 93.02K |
ALPHABET INCSOLE | CAP STK CL C | 1.17M | SH | $154.57M 2.56% | 959.66K | 0.00 | 212.65K |
STRYKER CORPORATIONSOLE | COM | 524.20K | SH | $143.25M 2.37% | 444.21K | 0.00 | 79.99K |
HOME DEPOT INCSOLE | COM | 432.94K | SH | $130.82M 2.16% | 360.13K | 0.00 | 72.82K |
ANSYS INCSOLE | COM | 416.40K | SH | $123.90M 2.05% | 391.13K | 0.00 | 25.27K |
JOHNSON & JOHNSONSOLE | COM | 783.55K | SH | $122.04M 2.02% | 659.35K | 0.00 | 124.20K |
PROCTER AND GAMBLE COSOLE | COM | 805.98K | SH | $117.56M 1.94% | 696.46K | 0.00 | 109.52K |
JPMORGAN CHASE & COSOLE | COM | 726.08K | SH | $105.30M 1.74% | 574.47K | 0.00 | 151.61K |
FISERV INCSOLE | COM | 908.84K | SH | $102.66M 1.70% | 721.51K | 0.00 | 187.32K |
PEPSICO INCSOLE | COM | 592.36K | SH | $100.37M 1.66% | 494.85K | 0.00 | 97.51K |
COSTCO WHSL CORP NEWSOLE | COM | 170.16K | SH | $96.13M 1.59% | 157.45K | 0.00 | 12.70K |
ROPER TECHNOLOGIES INCSOLE | COM | 194.53K | SH | $94.21M 1.56% | 153K | 0.00 | 41.53K |
CHUBB LIMITEDSOLE | COM | 416.92K | SH | $86.80M 1.44% | 329.09K | 0.00 | 87.84K |
MCDONALDS CORPSOLE | COM | 323.29K | SH | $85.17M 1.41% | 257.88K | 0.00 | 65.40K |
RTX CORPORATIONSOLE | COM | 1.17M | SH | $84.35M 1.39% | 943.85K | 0.00 | 228.14K |
WATSCO INCSOLE | COM | 212.40K | SH | $80.23M 1.33% | 194.96K | 0.00 | 17.44K |
ECOLAB INCSOLE | COM | 462.40K | SH | $78.33M 1.30% | 375.44K | 0.00 | 86.97K |
IDEXX LABS INCSOLE | COM | 172.43K | SH | $75.40M 1.25% | 169.76K | 0.00 | 2.67K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 162.56K | SH | $74.23M 1.23% | 126.25K | 0.00 | 36.31K |
METTLER TOLEDO INTERNATIONALSOLE | COM | 64.96K | SH | $71.98M 1.19% | 59.89K | 0.00 | 5.07K |
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