Filed: 2/6/2024ACC: 0001085146-24-000783
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 366 equity positions with a total reported market value of $6.62B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
366
Positions
$6.62B
Total AUM (reported)
51.26M
Total Shares
Allocation by class
COM$5.43B82.0%
COM CL A$197.73M3.0%
CAP STK CL C$165.34M2.5%
CL A$130.04M2.0%
UTSER1 S&PDCRP$93.93M1.4%
CAP STK CL A$63.44M1.0%
SHS$53.67M0.8%
Portfolio Concentration
Top 3$937.99M14.2%
4–10$1.17B17.7%
11–25$1.54B23.3%
Rest$2.97B44.8%
Top 3 weight
14.2%
Top 10 weight
31.9%
Voting Authority Distribution
Total shares with voting rights: 51.26M
Sole
Full voting authority
43.22M
shares
% of voting shares84.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.04M
shares
% of voting shares15.7%
Investment Discretion (by position count)
Sole366
Shared0
Other0
Dominant voting typeSole · 84.3% of voting shares
Institutional Holdings366
Rows:
APPLE INC
SOLEShares1.78M
TypeSH
Market value$343.04M
5.18%
Sole
1.51M
Shared
0.00
None
274.26K
MICROSOFT CORP
SOLEShares904.80K
TypeSH
Market value$340.24M
5.14%
Sole
757.12K
Shared
0.00
None
147.68K
NVIDIA CORPORATION
SOLEShares514.34K
TypeSH
Market value$254.71M
3.85%
Sole
414.40K
Shared
0.00
None
99.94K
OREILLY AUTOMOTIVE INC
SOLEShares208.90K
TypeSH
Market value$198.47M
3.00%
Sole
176.54K
Shared
0.00
None
32.36K
VISA INC
SOLEShares757.67K
TypeSH
Market value$197.26M
2.98%
Sole
637.10K
Shared
0.00
None
120.58K
ALPHABET INC
SOLEShares1.17M
TypeSH
Market value$165.34M
2.50%
Sole
960.03K
Shared
0.00
None
213.20K
STRYKER CORPORATION
SOLEShares524.32K
TypeSH
Market value$157.01M
2.37%
Sole
443.84K
Shared
0.00
None
80.48K
DANAHER CORPORATION
SOLEShares673.43K
TypeSH
Market value$155.79M
2.35%
Sole
581.42K
Shared
0.00
None
92.01K
ANSYS INC
SOLEShares415.34K
TypeSH
Market value$150.72M
2.28%
Sole
390.43K
Shared
0.00
None
24.91K
HOME DEPOT INC
SOLEShares431.72K
TypeSH
Market value$149.61M
2.26%
Sole
359.82K
Shared
0.00
None
71.90K
JPMORGAN CHASE & CO
SOLEShares722.72K
TypeSH
Market value$122.93M
1.86%
Sole
572.83K
Shared
0.00
None
149.89K
FISERV INC
SOLEShares912.56K
TypeSH
Market value$121.22M
1.83%
Sole
725.52K
Shared
0.00
None
187.03K
JOHNSON & JOHNSON
SOLEShares768.85K
TypeSH
Market value$120.51M
1.82%
Sole
645.71K
Shared
0.00
None
123.13K
PROCTER AND GAMBLE CO
SOLEShares800.58K
TypeSH
Market value$117.32M
1.77%
Sole
689.87K
Shared
0.00
None
110.71K
COSTCO WHSL CORP NEW
SOLEShares171.31K
TypeSH
Market value$113.08M
1.71%
Sole
158.82K
Shared
0.00
None
12.49K
ROPER TECHNOLOGIES INC
SOLEShares195.66K
TypeSH
Market value$106.67M
1.61%
Sole
154.54K
Shared
0.00
None
41.12K
PEPSICO INC
SOLEShares591.30K
TypeSH
Market value$100.43M
1.52%
Sole
493.46K
Shared
0.00
None
97.84K
RTX CORPORATION
SOLEShares1.17M
TypeSH
Market value$98.64M
1.49%
Sole
943.75K
Shared
0.00
None
228.53K
IDEXX LABS INC
SOLEShares171.31K
TypeSH
Market value$95.09M
1.44%
Sole
168.62K
Shared
0.00
None
2.69K
MCDONALDS CORP
SOLEShares320.21K
TypeSH
Market value$94.95M
1.43%
Sole
254.09K
Shared
0.00
None
66.12K
CHUBB LIMITED
SOLEShares415.83K
TypeSH
Market value$93.98M
1.42%
Sole
328.06K
Shared
0.00
None
87.76K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares185.13K
TypeSH
Market value$93.93M
1.42%
Sole
126.80K
Shared
0.00
None
58.33K
ECOLAB INC
SOLEShares467.37K
TypeSH
Market value$92.70M
1.40%
Sole
379.24K
Shared
0.00
None
88.12K
WATSCO INC
SOLEShares213.69K
TypeSH
Market value$91.56M
1.38%
Sole
196.62K
Shared
0.00
None
17.07K
ELI LILLY & CO
SOLEShares133.09K
TypeSH
Market value$77.58M
1.17%
Sole
128.53K
Shared
0.00
None
4.56K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
APPLE INCSOLE | COM | 1.78M | SH | $343.04M 5.18% | 1.51M | 0.00 | 274.26K |
MICROSOFT CORPSOLE | COM | 904.80K | SH | $340.24M 5.14% | 757.12K | 0.00 | 147.68K |
NVIDIA CORPORATIONSOLE | COM | 514.34K | SH | $254.71M 3.85% | 414.40K | 0.00 | 99.94K |
OREILLY AUTOMOTIVE INCSOLE | COM | 208.90K | SH | $198.47M 3.00% | 176.54K | 0.00 | 32.36K |
VISA INCSOLE | COM CL A | 757.67K | SH | $197.26M 2.98% | 637.10K | 0.00 | 120.58K |
ALPHABET INCSOLE | CAP STK CL C | 1.17M | SH | $165.34M 2.50% | 960.03K | 0.00 | 213.20K |
STRYKER CORPORATIONSOLE | COM | 524.32K | SH | $157.01M 2.37% | 443.84K | 0.00 | 80.48K |
DANAHER CORPORATIONSOLE | COM | 673.43K | SH | $155.79M 2.35% | 581.42K | 0.00 | 92.01K |
ANSYS INCSOLE | COM | 415.34K | SH | $150.72M 2.28% | 390.43K | 0.00 | 24.91K |
HOME DEPOT INCSOLE | COM | 431.72K | SH | $149.61M 2.26% | 359.82K | 0.00 | 71.90K |
JPMORGAN CHASE & COSOLE | COM | 722.72K | SH | $122.93M 1.86% | 572.83K | 0.00 | 149.89K |
FISERV INCSOLE | COM | 912.56K | SH | $121.22M 1.83% | 725.52K | 0.00 | 187.03K |
JOHNSON & JOHNSONSOLE | COM | 768.85K | SH | $120.51M 1.82% | 645.71K | 0.00 | 123.13K |
PROCTER AND GAMBLE COSOLE | COM | 800.58K | SH | $117.32M 1.77% | 689.87K | 0.00 | 110.71K |
COSTCO WHSL CORP NEWSOLE | COM | 171.31K | SH | $113.08M 1.71% | 158.82K | 0.00 | 12.49K |
ROPER TECHNOLOGIES INCSOLE | COM | 195.66K | SH | $106.67M 1.61% | 154.54K | 0.00 | 41.12K |
PEPSICO INCSOLE | COM | 591.30K | SH | $100.43M 1.52% | 493.46K | 0.00 | 97.84K |
RTX CORPORATIONSOLE | COM | 1.17M | SH | $98.64M 1.49% | 943.75K | 0.00 | 228.53K |
IDEXX LABS INCSOLE | COM | 171.31K | SH | $95.09M 1.44% | 168.62K | 0.00 | 2.69K |
MCDONALDS CORPSOLE | COM | 320.21K | SH | $94.95M 1.43% | 254.09K | 0.00 | 66.12K |
CHUBB LIMITEDSOLE | COM | 415.83K | SH | $93.98M 1.42% | 328.06K | 0.00 | 87.76K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 185.13K | SH | $93.93M 1.42% | 126.80K | 0.00 | 58.33K |
ECOLAB INCSOLE | COM | 467.37K | SH | $92.70M 1.40% | 379.24K | 0.00 | 88.12K |
WATSCO INCSOLE | COM | 213.69K | SH | $91.56M 1.38% | 196.62K | 0.00 | 17.07K |
ELI LILLY & COSOLE | COM | 133.09K | SH | $77.58M 1.17% | 128.53K | 0.00 | 4.56K |
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