Filed: 2/7/2025ACC: 0001085146-25-000876
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 379 equity positions with a total reported market value of $7.78B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
379
Positions
$7.78B
Total AUM (reported)
47.34M
Total Shares
Allocation by class
COM$6.44B82.8%
COM CL A$235.82M3.0%
CAP STK CL C$229.00M2.9%
CL A$157.45M2.0%
UTSER1 S&PDCRP$97.88M1.3%
CAP STK CL A$83.29M1.1%
CL B NEW$56.40M0.7%
Portfolio Concentration
Top 3$1.36B17.5%
4–10$1.40B18.0%
11–25$1.76B22.6%
Rest$3.26B41.9%
Top 3 weight
17.5%
Top 10 weight
35.5%
Voting Authority Distribution
Total shares with voting rights: 47.34M
Sole
Full voting authority
37.70M
shares
% of voting shares79.6%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
9.64M
shares
% of voting shares20.4%
Investment Discretion (by position count)
Sole379
Shared0
Other0
Dominant voting typeSole · 79.6% of voting shares
Institutional Holdings379
Rows:
NVIDIA CORPORATION
SOLEShares3.99M
TypeSH
Market value$535.54M
6.89%
Sole
3.26M
Shared
0.00
None
724.25K
APPLE INC
SOLEShares1.76M
TypeSH
Market value$440.28M
5.66%
Sole
1.45M
Shared
0.00
None
307.14K
MICROSOFT CORP
SOLEShares905.64K
TypeSH
Market value$381.73M
4.91%
Sole
746.63K
Shared
0.00
None
159.01K
OREILLY AUTOMOTIVE INC
SOLEShares200.37K
TypeSH
Market value$237.60M
3.05%
Sole
168.99K
Shared
0.00
None
31.38K
VISA INC
SOLEShares744.75K
TypeSH
Market value$235.37M
3.03%
Sole
619.39K
Shared
0.00
None
125.36K
ALPHABET INC
SOLEShares1.20M
TypeSH
Market value$229.00M
2.94%
Sole
963.83K
Shared
0.00
None
238.63K
STRYKER CORPORATION
SOLEShares517.22K
TypeSH
Market value$186.23M
2.39%
Sole
432.74K
Shared
0.00
None
84.48K
FISERV INC
SOLEShares874.76K
TypeSH
Market value$179.69M
2.31%
Sole
695.95K
Shared
0.00
None
178.81K
HOME DEPOT INC
SOLEShares430.64K
TypeSH
Market value$167.52M
2.15%
Sole
354.19K
Shared
0.00
None
76.45K
JPMORGAN CHASE & CO.
SOLEShares698.45K
TypeSH
Market value$167.43M
2.15%
Sole
553.02K
Shared
0.00
None
145.43K
DANAHER CORPORATION
SOLEShares684.85K
TypeSH
Market value$157.21M
2.02%
Sole
583.05K
Shared
0.00
None
101.80K
COSTCO WHSL CORP NEW
SOLEShares167.76K
TypeSH
Market value$153.71M
1.98%
Sole
156.03K
Shared
0.00
None
11.73K
RTX CORPORATION
SOLEShares1.17M
TypeSH
Market value$135.55M
1.74%
Sole
926.58K
Shared
0.00
None
244.79K
ANSYS INC
SOLEShares395.77K
TypeSH
Market value$133.51M
1.72%
Sole
370.57K
Shared
0.00
None
25.20K
PROCTER AND GAMBLE CO
SOLEShares794.28K
TypeSH
Market value$133.16M
1.71%
Sole
672.94K
Shared
0.00
None
121.34K
AMAZON COM INC
SOLEShares521.47K
TypeSH
Market value$114.40M
1.47%
Sole
343.23K
Shared
0.00
None
178.24K
ELI LILLY & CO
SOLEShares146.98K
TypeSH
Market value$113.47M
1.46%
Sole
140.47K
Shared
0.00
None
6.51K
CHUBB LIMITED
SOLEShares405.87K
TypeSH
Market value$112.14M
1.44%
Sole
314.61K
Shared
0.00
None
91.26K
ECOLAB INC
SOLEShares468.68K
TypeSH
Market value$109.82M
1.41%
Sole
375.83K
Shared
0.00
None
92.85K
ROPER TECHNOLOGIES INC
SOLEShares200.32K
TypeSH
Market value$104.14M
1.34%
Sole
155.73K
Shared
0.00
None
44.59K
WATSCO INC
SOLEShares214.28K
TypeSH
Market value$101.55M
1.31%
Sole
196.74K
Shared
0.00
None
17.54K
JOHNSON & JOHNSON
SOLEShares692.61K
TypeSH
Market value$100.16M
1.29%
Sole
565.39K
Shared
0.00
None
127.22K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares171.85K
TypeSH
Market value$97.88M
1.26%
Sole
110.06K
Shared
0.00
None
61.79K
AMERIPRISE FINL INC
SOLEShares180K
TypeSH
Market value$95.84M
1.23%
Sole
128.13K
Shared
0.00
None
51.87K
TJX COS INC NEW
SOLEShares787.38K
TypeSH
Market value$95.12M
1.22%
Sole
730.39K
Shared
0.00
None
56.99K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 3.99M | SH | $535.54M 6.89% | 3.26M | 0.00 | 724.25K |
APPLE INCSOLE | COM | 1.76M | SH | $440.28M 5.66% | 1.45M | 0.00 | 307.14K |
MICROSOFT CORPSOLE | COM | 905.64K | SH | $381.73M 4.91% | 746.63K | 0.00 | 159.01K |
OREILLY AUTOMOTIVE INCSOLE | COM | 200.37K | SH | $237.60M 3.05% | 168.99K | 0.00 | 31.38K |
VISA INCSOLE | COM CL A | 744.75K | SH | $235.37M 3.03% | 619.39K | 0.00 | 125.36K |
ALPHABET INCSOLE | CAP STK CL C | 1.20M | SH | $229.00M 2.94% | 963.83K | 0.00 | 238.63K |
STRYKER CORPORATIONSOLE | COM | 517.22K | SH | $186.23M 2.39% | 432.74K | 0.00 | 84.48K |
FISERV INCSOLE | COM | 874.76K | SH | $179.69M 2.31% | 695.95K | 0.00 | 178.81K |
HOME DEPOT INCSOLE | COM | 430.64K | SH | $167.52M 2.15% | 354.19K | 0.00 | 76.45K |
JPMORGAN CHASE & CO.SOLE | COM | 698.45K | SH | $167.43M 2.15% | 553.02K | 0.00 | 145.43K |
DANAHER CORPORATIONSOLE | COM | 684.85K | SH | $157.21M 2.02% | 583.05K | 0.00 | 101.80K |
COSTCO WHSL CORP NEWSOLE | COM | 167.76K | SH | $153.71M 1.98% | 156.03K | 0.00 | 11.73K |
RTX CORPORATIONSOLE | COM | 1.17M | SH | $135.55M 1.74% | 926.58K | 0.00 | 244.79K |
ANSYS INCSOLE | COM | 395.77K | SH | $133.51M 1.72% | 370.57K | 0.00 | 25.20K |
PROCTER AND GAMBLE COSOLE | COM | 794.28K | SH | $133.16M 1.71% | 672.94K | 0.00 | 121.34K |
AMAZON COM INCSOLE | COM | 521.47K | SH | $114.40M 1.47% | 343.23K | 0.00 | 178.24K |
ELI LILLY & COSOLE | COM | 146.98K | SH | $113.47M 1.46% | 140.47K | 0.00 | 6.51K |
CHUBB LIMITEDSOLE | COM | 405.87K | SH | $112.14M 1.44% | 314.61K | 0.00 | 91.26K |
ECOLAB INCSOLE | COM | 468.68K | SH | $109.82M 1.41% | 375.83K | 0.00 | 92.85K |
ROPER TECHNOLOGIES INCSOLE | COM | 200.32K | SH | $104.14M 1.34% | 155.73K | 0.00 | 44.59K |
WATSCO INCSOLE | COM | 214.28K | SH | $101.55M 1.31% | 196.74K | 0.00 | 17.54K |
JOHNSON & JOHNSONSOLE | COM | 692.61K | SH | $100.16M 1.29% | 565.39K | 0.00 | 127.22K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 171.85K | SH | $97.88M 1.26% | 110.06K | 0.00 | 61.79K |
AMERIPRISE FINL INCSOLE | COM | 180K | SH | $95.84M 1.23% | 128.13K | 0.00 | 51.87K |
TJX COS INC NEWSOLE | COM | 787.38K | SH | $95.12M 1.22% | 730.39K | 0.00 | 56.99K |
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