Filed: 5/2/2025ACC: 0001085146-25-002565
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 370 equity positions with a total reported market value of $7.64B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
370
Positions
$7.64B
Total AUM (reported)
46.26M
Total Shares
Allocation by class
COM$6.35B83.0%
COM CL A$259.06M3.4%
CAP STK CL C$189.21M2.5%
CL A$135.17M1.8%
UTSER1 S&PDCRP$90.63M1.2%
CAP STK CL A$67.33M0.9%
CL B NEW$65.43M0.9%
Portfolio Concentration
Top 3$1.12B14.6%
4–10$1.44B18.9%
11–25$1.82B23.8%
Rest$3.27B42.8%
Top 3 weight
14.6%
Top 10 weight
33.5%
Voting Authority Distribution
Total shares with voting rights: 46.26M
Sole
Full voting authority
36.53M
shares
% of voting shares79.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
9.74M
shares
% of voting shares21.0%
Investment Discretion (by position count)
Sole370
Shared0
Other0
Dominant voting typeSole · 79.0% of voting shares
Institutional Holdings370
Rows:
NVIDIA CORPORATION
SOLEShares3.60M
TypeSH
Market value$390.07M
5.10%
Sole
2.93M
Shared
0.00
None
666.13K
APPLE INC
SOLEShares1.74M
TypeSH
Market value$387.10M
5.06%
Sole
1.43M
Shared
0.00
None
310.53K
MICROSOFT CORP
SOLEShares904.39K
TypeSH
Market value$339.50M
4.44%
Sole
741.22K
Shared
0.00
None
163.16K
OREILLY AUTOMOTIVE INC
SOLEShares198.34K
TypeSH
Market value$284.15M
3.72%
Sole
167.12K
Shared
0.00
None
31.23K
VISA INC
SOLEShares738K
TypeSH
Market value$258.64M
3.38%
Sole
613.33K
Shared
0.00
None
124.68K
STRYKER CORPORATION
SOLEShares516.66K
TypeSH
Market value$192.33M
2.52%
Sole
430.66K
Shared
0.00
None
86K
FISERV INC
SOLEShares859.50K
TypeSH
Market value$189.80M
2.48%
Sole
686.67K
Shared
0.00
None
172.82K
ALPHABET INC
SOLEShares1.21M
TypeSH
Market value$189.21M
2.48%
Sole
965.71K
Shared
0.00
None
245.37K
JPMORGAN CHASE & CO.
SOLEShares689.82K
TypeSH
Market value$169.21M
2.21%
Sole
548.56K
Shared
0.00
None
141.25K
HOME DEPOT INC
SOLEShares430.96K
TypeSH
Market value$157.94M
2.07%
Sole
352.59K
Shared
0.00
None
78.38K
COSTCO WHSL CORP NEW
SOLEShares165.61K
TypeSH
Market value$156.63M
2.05%
Sole
154.31K
Shared
0.00
None
11.30K
RTX CORPORATION
SOLEShares1.16M
TypeSH
Market value$154.16M
2.02%
Sole
915.99K
Shared
0.00
None
247.81K
DANAHER CORPORATION
SOLEShares690.60K
TypeSH
Market value$141.57M
1.85%
Sole
585.03K
Shared
0.00
None
105.57K
PROCTER AND GAMBLE CO
SOLEShares795.62K
TypeSH
Market value$135.59M
1.77%
Sole
667.08K
Shared
0.00
None
128.54K
ELI LILLY & CO
SOLEShares148.53K
TypeSH
Market value$122.68M
1.61%
Sole
141.88K
Shared
0.00
None
6.66K
ANSYS INC
SOLEShares386.73K
TypeSH
Market value$122.42M
1.60%
Sole
362.06K
Shared
0.00
None
24.67K
CHUBB LIMITED
SOLEShares404.36K
TypeSH
Market value$122.11M
1.60%
Sole
310.62K
Shared
0.00
None
93.74K
ECOLAB INC
SOLEShares471.71K
TypeSH
Market value$119.59M
1.56%
Sole
374.85K
Shared
0.00
None
96.86K
ROPER TECHNOLOGIES INC
SOLEShares199.71K
TypeSH
Market value$117.74M
1.54%
Sole
154.59K
Shared
0.00
None
45.11K
JOHNSON & JOHNSON
SOLEShares687.20K
TypeSH
Market value$113.96M
1.49%
Sole
552.06K
Shared
0.00
None
135.14K
WATSCO INC
SOLEShares212.26K
TypeSH
Market value$107.89M
1.41%
Sole
194.79K
Shared
0.00
None
17.47K
GALLAGHER ARTHUR J & CO
SOLEShares297.89K
TypeSH
Market value$102.84M
1.35%
Sole
269.60K
Shared
0.00
None
28.29K
AMAZON COM INC
SOLEShares532.72K
TypeSH
Market value$101.36M
1.33%
Sole
348.33K
Shared
0.00
None
184.39K
VERTEX PHARMACEUTICALS INC
SOLEShares207.64K
TypeSH
Market value$100.67M
1.32%
Sole
177.24K
Shared
0.00
None
30.40K
MCDONALDS CORP
SOLEShares312.53K
TypeSH
Market value$97.63M
1.28%
Sole
236.27K
Shared
0.00
None
76.26K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 3.60M | SH | $390.07M 5.10% | 2.93M | 0.00 | 666.13K |
APPLE INCSOLE | COM | 1.74M | SH | $387.10M 5.06% | 1.43M | 0.00 | 310.53K |
MICROSOFT CORPSOLE | COM | 904.39K | SH | $339.50M 4.44% | 741.22K | 0.00 | 163.16K |
OREILLY AUTOMOTIVE INCSOLE | COM | 198.34K | SH | $284.15M 3.72% | 167.12K | 0.00 | 31.23K |
VISA INCSOLE | COM CL A | 738K | SH | $258.64M 3.38% | 613.33K | 0.00 | 124.68K |
STRYKER CORPORATIONSOLE | COM | 516.66K | SH | $192.33M 2.52% | 430.66K | 0.00 | 86K |
FISERV INCSOLE | COM | 859.50K | SH | $189.80M 2.48% | 686.67K | 0.00 | 172.82K |
ALPHABET INCSOLE | CAP STK CL C | 1.21M | SH | $189.21M 2.48% | 965.71K | 0.00 | 245.37K |
JPMORGAN CHASE & CO.SOLE | COM | 689.82K | SH | $169.21M 2.21% | 548.56K | 0.00 | 141.25K |
HOME DEPOT INCSOLE | COM | 430.96K | SH | $157.94M 2.07% | 352.59K | 0.00 | 78.38K |
COSTCO WHSL CORP NEWSOLE | COM | 165.61K | SH | $156.63M 2.05% | 154.31K | 0.00 | 11.30K |
RTX CORPORATIONSOLE | COM | 1.16M | SH | $154.16M 2.02% | 915.99K | 0.00 | 247.81K |
DANAHER CORPORATIONSOLE | COM | 690.60K | SH | $141.57M 1.85% | 585.03K | 0.00 | 105.57K |
PROCTER AND GAMBLE COSOLE | COM | 795.62K | SH | $135.59M 1.77% | 667.08K | 0.00 | 128.54K |
ELI LILLY & COSOLE | COM | 148.53K | SH | $122.68M 1.61% | 141.88K | 0.00 | 6.66K |
ANSYS INCSOLE | COM | 386.73K | SH | $122.42M 1.60% | 362.06K | 0.00 | 24.67K |
CHUBB LIMITEDSOLE | COM | 404.36K | SH | $122.11M 1.60% | 310.62K | 0.00 | 93.74K |
ECOLAB INCSOLE | COM | 471.71K | SH | $119.59M 1.56% | 374.85K | 0.00 | 96.86K |
ROPER TECHNOLOGIES INCSOLE | COM | 199.71K | SH | $117.74M 1.54% | 154.59K | 0.00 | 45.11K |
JOHNSON & JOHNSONSOLE | COM | 687.20K | SH | $113.96M 1.49% | 552.06K | 0.00 | 135.14K |
WATSCO INCSOLE | COM | 212.26K | SH | $107.89M 1.41% | 194.79K | 0.00 | 17.47K |
GALLAGHER ARTHUR J & COSOLE | COM | 297.89K | SH | $102.84M 1.35% | 269.60K | 0.00 | 28.29K |
AMAZON COM INCSOLE | COM | 532.72K | SH | $101.36M 1.33% | 348.33K | 0.00 | 184.39K |
VERTEX PHARMACEUTICALS INCSOLE | COM | 207.64K | SH | $100.67M 1.32% | 177.24K | 0.00 | 30.40K |
MCDONALDS CORPSOLE | COM | 312.53K | SH | $97.63M 1.28% | 236.27K | 0.00 | 76.26K |
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