Filed: 5/3/2024ACC: 0001085146-24-002190
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 378 equity positions with a total reported market value of $7.28B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
378
Positions
$7.28B
Total AUM (reported)
51.27M
Total Shares
Allocation by class
COM$6.03B82.8%
COM CL A$211.05M2.9%
CAP STK CL C$180.69M2.5%
CL A$154.90M2.1%
UTSER1 S&PDCRP$85.51M1.2%
CAP STK CL A$68.74M0.9%
SHS$58.64M0.8%
Portfolio Concentration
Top 3$1.09B15.0%
4–10$1.29B17.7%
11–25$1.67B22.9%
Rest$3.23B44.4%
Top 3 weight
15.0%
Top 10 weight
32.7%
Voting Authority Distribution
Total shares with voting rights: 51.27M
Sole
Full voting authority
42.65M
shares
% of voting shares83.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
8.62M
shares
% of voting shares16.8%
Investment Discretion (by position count)
Sole378
Shared0
Other0
Dominant voting typeSole · 83.2% of voting shares
Institutional Holdings378
Rows:
NVIDIA CORPORATION
SOLEShares445.99K
TypeSH
Market value$402.98M
5.53%
Sole
361.73K
Shared
0.00
None
84.26K
MICROSOFT CORP
SOLEShares909.64K
TypeSH
Market value$382.71M
5.25%
Sole
756.52K
Shared
0.00
None
153.13K
APPLE INC
SOLEShares1.79M
TypeSH
Market value$306.17M
4.20%
Sole
1.50M
Shared
0.00
None
290.27K
OREILLY AUTOMOTIVE INC
SOLEShares207.51K
TypeSH
Market value$234.26M
3.22%
Sole
175.07K
Shared
0.00
None
32.44K
VISA INC
SOLEShares754.21K
TypeSH
Market value$210.48M
2.89%
Sole
631.79K
Shared
0.00
None
122.42K
STRYKER CORPORATION
SOLEShares521.85K
TypeSH
Market value$186.75M
2.56%
Sole
440.46K
Shared
0.00
None
81.39K
ALPHABET INC
SOLEShares1.19M
TypeSH
Market value$180.69M
2.48%
Sole
961.70K
Shared
0.00
None
225.01K
DANAHER CORPORATION
SOLEShares676.41K
TypeSH
Market value$168.91M
2.32%
Sole
580.59K
Shared
0.00
None
95.82K
HOME DEPOT INC
SOLEShares431.95K
TypeSH
Market value$165.70M
2.27%
Sole
358.70K
Shared
0.00
None
73.25K
FISERV INC
SOLEShares909.25K
TypeSH
Market value$145.32M
1.99%
Sole
721.22K
Shared
0.00
None
188.03K
JPMORGAN CHASE & CO
SOLEShares717.42K
TypeSH
Market value$143.70M
1.97%
Sole
568.16K
Shared
0.00
None
149.26K
ANSYS INC
SOLEShares402.86K
TypeSH
Market value$139.86M
1.92%
Sole
377.74K
Shared
0.00
None
25.12K
PROCTER AND GAMBLE CO
SOLEShares798.95K
TypeSH
Market value$129.63M
1.78%
Sole
683.39K
Shared
0.00
None
115.56K
COSTCO WHSL CORP NEW
SOLEShares172.39K
TypeSH
Market value$126.30M
1.73%
Sole
160.21K
Shared
0.00
None
12.18K
JOHNSON & JOHNSON
SOLEShares741.91K
TypeSH
Market value$117.36M
1.61%
Sole
615.61K
Shared
0.00
None
126.30K
RTX CORPORATION
SOLEShares1.19M
TypeSH
Market value$115.78M
1.59%
Sole
947.28K
Shared
0.00
None
239.84K
ROPER TECHNOLOGIES INC
SOLEShares198.83K
TypeSH
Market value$111.51M
1.53%
Sole
156.66K
Shared
0.00
None
42.17K
ECOLAB INC
SOLEShares470.61K
TypeSH
Market value$108.66M
1.49%
Sole
379.27K
Shared
0.00
None
91.34K
CHUBB LIMITED
SOLEShares413.96K
TypeSH
Market value$107.27M
1.47%
Sole
326.07K
Shared
0.00
None
87.89K
ELI LILLY & CO
SOLEShares135.82K
TypeSH
Market value$105.66M
1.45%
Sole
130.77K
Shared
0.00
None
5.05K
PEPSICO INC
SOLEShares575.76K
TypeSH
Market value$100.76M
1.38%
Sole
474.25K
Shared
0.00
None
101.52K
WATSCO INC
SOLEShares219.90K
TypeSH
Market value$94.99M
1.30%
Sole
202.89K
Shared
0.00
None
17.01K
IDEXX LABS INC
SOLEShares170.23K
TypeSH
Market value$91.91M
1.26%
Sole
167.30K
Shared
0.00
None
2.92K
MCDONALDS CORP
SOLEShares316.56K
TypeSH
Market value$89.25M
1.23%
Sole
248.32K
Shared
0.00
None
68.24K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares153.69K
TypeSH
Market value$85.51M
1.17%
Sole
93.66K
Shared
0.00
None
60.03K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 445.99K | SH | $402.98M 5.53% | 361.73K | 0.00 | 84.26K |
MICROSOFT CORPSOLE | COM | 909.64K | SH | $382.71M 5.25% | 756.52K | 0.00 | 153.13K |
APPLE INCSOLE | COM | 1.79M | SH | $306.17M 4.20% | 1.50M | 0.00 | 290.27K |
OREILLY AUTOMOTIVE INCSOLE | COM | 207.51K | SH | $234.26M 3.22% | 175.07K | 0.00 | 32.44K |
VISA INCSOLE | COM CL A | 754.21K | SH | $210.48M 2.89% | 631.79K | 0.00 | 122.42K |
STRYKER CORPORATIONSOLE | COM | 521.85K | SH | $186.75M 2.56% | 440.46K | 0.00 | 81.39K |
ALPHABET INCSOLE | CAP STK CL C | 1.19M | SH | $180.69M 2.48% | 961.70K | 0.00 | 225.01K |
DANAHER CORPORATIONSOLE | COM | 676.41K | SH | $168.91M 2.32% | 580.59K | 0.00 | 95.82K |
HOME DEPOT INCSOLE | COM | 431.95K | SH | $165.70M 2.27% | 358.70K | 0.00 | 73.25K |
FISERV INCSOLE | COM | 909.25K | SH | $145.32M 1.99% | 721.22K | 0.00 | 188.03K |
JPMORGAN CHASE & COSOLE | COM | 717.42K | SH | $143.70M 1.97% | 568.16K | 0.00 | 149.26K |
ANSYS INCSOLE | COM | 402.86K | SH | $139.86M 1.92% | 377.74K | 0.00 | 25.12K |
PROCTER AND GAMBLE COSOLE | COM | 798.95K | SH | $129.63M 1.78% | 683.39K | 0.00 | 115.56K |
COSTCO WHSL CORP NEWSOLE | COM | 172.39K | SH | $126.30M 1.73% | 160.21K | 0.00 | 12.18K |
JOHNSON & JOHNSONSOLE | COM | 741.91K | SH | $117.36M 1.61% | 615.61K | 0.00 | 126.30K |
RTX CORPORATIONSOLE | COM | 1.19M | SH | $115.78M 1.59% | 947.28K | 0.00 | 239.84K |
ROPER TECHNOLOGIES INCSOLE | COM | 198.83K | SH | $111.51M 1.53% | 156.66K | 0.00 | 42.17K |
ECOLAB INCSOLE | COM | 470.61K | SH | $108.66M 1.49% | 379.27K | 0.00 | 91.34K |
CHUBB LIMITEDSOLE | COM | 413.96K | SH | $107.27M 1.47% | 326.07K | 0.00 | 87.89K |
ELI LILLY & COSOLE | COM | 135.82K | SH | $105.66M 1.45% | 130.77K | 0.00 | 5.05K |
PEPSICO INCSOLE | COM | 575.76K | SH | $100.76M 1.38% | 474.25K | 0.00 | 101.52K |
WATSCO INCSOLE | COM | 219.90K | SH | $94.99M 1.30% | 202.89K | 0.00 | 17.01K |
IDEXX LABS INCSOLE | COM | 170.23K | SH | $91.91M 1.26% | 167.30K | 0.00 | 2.92K |
MCDONALDS CORPSOLE | COM | 316.56K | SH | $89.25M 1.23% | 248.32K | 0.00 | 68.24K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 153.69K | SH | $85.51M 1.17% | 93.66K | 0.00 | 60.03K |
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