Filed: 8/5/2025ACC: 0001085146-25-004501
📋 What this filing means
WELCH & FORBES LLC filed this quarterly 13F‑HR report disclosing 372 equity positions with a total reported market value of $8.01B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
372
Positions
$8.01B
Total AUM (reported)
48.42M
Total Shares
Allocation by class
COM$6.64B83.0%
COM CL A$260.65M3.3%
CAP STK CL C$214.20M2.7%
CL A$127.86M1.6%
UTSER1 S&PDCRP$95.99M1.2%
CAP STK CL A$75.89M0.9%
CL B NEW$58.87M0.7%
Portfolio Concentration
Top 3$1.36B17.0%
4–10$1.47B18.4%
11–25$1.79B22.3%
Rest$3.39B42.3%
Top 3 weight
17.0%
Top 10 weight
35.4%
Voting Authority Distribution
Total shares with voting rights: 48.42M
Sole
Full voting authority
38.37M
shares
% of voting shares79.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
10.05M
shares
% of voting shares20.7%
Investment Discretion (by position count)
Sole372
Shared0
Other0
Dominant voting typeSole · 79.3% of voting shares
Institutional Holdings372
Rows:
NVIDIA CORPORATION
SOLEShares3.54M
TypeSH
Market value$558.98M
6.98%
Sole
2.90M
Shared
0.00
None
635.57K
MICROSOFT CORP
SOLEShares898.02K
TypeSH
Market value$446.68M
5.58%
Sole
735.08K
Shared
0.00
None
162.94K
APPLE INC
SOLEShares1.74M
TypeSH
Market value$356.09M
4.45%
Sole
1.42M
Shared
0.00
None
313.57K
OREILLY AUTOMOTIVE INC
SOLEShares2.95M
TypeSH
Market value$265.51M
3.32%
Sole
2.48M
Shared
0.00
None
461.48K
VISA INC
SOLEShares732.35K
TypeSH
Market value$260.02M
3.25%
Sole
609.20K
Shared
0.00
None
123.15K
ALPHABET INC
SOLEShares1.21M
TypeSH
Market value$214.20M
2.67%
Sole
958.47K
Shared
0.00
None
249.02K
STRYKER CORPORATION
SOLEShares514.39K
TypeSH
Market value$203.51M
2.54%
Sole
428.08K
Shared
0.00
None
86.31K
JPMORGAN CHASE & CO.
SOLEShares679.85K
TypeSH
Market value$197.09M
2.46%
Sole
542.86K
Shared
0.00
None
136.99K
RTX CORPORATION
SOLEShares1.16M
TypeSH
Market value$168.73M
2.11%
Sole
912.19K
Shared
0.00
None
243.34K
COSTCO WHSL CORP NEW
SOLEShares163.06K
TypeSH
Market value$161.42M
2.02%
Sole
151.81K
Shared
0.00
None
11.25K
HOME DEPOT INC
SOLEShares428.32K
TypeSH
Market value$157.04M
1.96%
Sole
348.78K
Shared
0.00
None
79.55K
FISERV INC
SOLEShares865.82K
TypeSH
Market value$149.28M
1.86%
Sole
692.58K
Shared
0.00
None
173.24K
DANAHER CORPORATION
SOLEShares694.88K
TypeSH
Market value$137.27M
1.71%
Sole
585.44K
Shared
0.00
None
109.44K
ANSYS INC
SOLEShares380.88K
TypeSH
Market value$133.77M
1.67%
Sole
356.30K
Shared
0.00
None
24.58K
ECOLAB INC
SOLEShares474.33K
TypeSH
Market value$127.80M
1.60%
Sole
376.08K
Shared
0.00
None
98.25K
PROCTER AND GAMBLE CO
SOLEShares790.24K
TypeSH
Market value$125.90M
1.57%
Sole
659.10K
Shared
0.00
None
131.14K
AMAZON COM INC
SOLEShares547.87K
TypeSH
Market value$120.20M
1.50%
Sole
360.55K
Shared
0.00
None
187.33K
ELI LILLY & CO
SOLEShares149.44K
TypeSH
Market value$116.50M
1.45%
Sole
142.60K
Shared
0.00
None
6.84K
CHUBB LIMITED
SOLEShares401.37K
TypeSH
Market value$116.28M
1.45%
Sole
307.74K
Shared
0.00
None
93.63K
ROPER TECHNOLOGIES INC
SOLEShares200.53K
TypeSH
Market value$113.67M
1.42%
Sole
154.75K
Shared
0.00
None
45.77K
JOHNSON & JOHNSON
SOLEShares687.14K
TypeSH
Market value$104.96M
1.31%
Sole
549.16K
Shared
0.00
None
137.99K
TJX COS INC NEW
SOLEShares785.02K
TypeSH
Market value$96.94M
1.21%
Sole
728.83K
Shared
0.00
None
56.19K
VERTEX PHARMACEUTICALS INC
SOLEShares217.24K
TypeSH
Market value$96.72M
1.21%
Sole
177.18K
Shared
0.00
None
40.06K
SPDR S&P MIDCAP 400 ETF TR
SOLEShares169.45K
TypeSH
Market value$95.99M
1.20%
Sole
107.64K
Shared
0.00
None
61.80K
GALLAGHER ARTHUR J & CO
SOLEShares294.59K
TypeSH
Market value$94.30M
1.18%
Sole
267.10K
Shared
0.00
None
27.49K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
NVIDIA CORPORATIONSOLE | COM | 3.54M | SH | $558.98M 6.98% | 2.90M | 0.00 | 635.57K |
MICROSOFT CORPSOLE | COM | 898.02K | SH | $446.68M 5.58% | 735.08K | 0.00 | 162.94K |
APPLE INCSOLE | COM | 1.74M | SH | $356.09M 4.45% | 1.42M | 0.00 | 313.57K |
OREILLY AUTOMOTIVE INCSOLE | COM | 2.95M | SH | $265.51M 3.32% | 2.48M | 0.00 | 461.48K |
VISA INCSOLE | COM CL A | 732.35K | SH | $260.02M 3.25% | 609.20K | 0.00 | 123.15K |
ALPHABET INCSOLE | CAP STK CL C | 1.21M | SH | $214.20M 2.67% | 958.47K | 0.00 | 249.02K |
STRYKER CORPORATIONSOLE | COM | 514.39K | SH | $203.51M 2.54% | 428.08K | 0.00 | 86.31K |
JPMORGAN CHASE & CO.SOLE | COM | 679.85K | SH | $197.09M 2.46% | 542.86K | 0.00 | 136.99K |
RTX CORPORATIONSOLE | COM | 1.16M | SH | $168.73M 2.11% | 912.19K | 0.00 | 243.34K |
COSTCO WHSL CORP NEWSOLE | COM | 163.06K | SH | $161.42M 2.02% | 151.81K | 0.00 | 11.25K |
HOME DEPOT INCSOLE | COM | 428.32K | SH | $157.04M 1.96% | 348.78K | 0.00 | 79.55K |
FISERV INCSOLE | COM | 865.82K | SH | $149.28M 1.86% | 692.58K | 0.00 | 173.24K |
DANAHER CORPORATIONSOLE | COM | 694.88K | SH | $137.27M 1.71% | 585.44K | 0.00 | 109.44K |
ANSYS INCSOLE | COM | 380.88K | SH | $133.77M 1.67% | 356.30K | 0.00 | 24.58K |
ECOLAB INCSOLE | COM | 474.33K | SH | $127.80M 1.60% | 376.08K | 0.00 | 98.25K |
PROCTER AND GAMBLE COSOLE | COM | 790.24K | SH | $125.90M 1.57% | 659.10K | 0.00 | 131.14K |
AMAZON COM INCSOLE | COM | 547.87K | SH | $120.20M 1.50% | 360.55K | 0.00 | 187.33K |
ELI LILLY & COSOLE | COM | 149.44K | SH | $116.50M 1.45% | 142.60K | 0.00 | 6.84K |
CHUBB LIMITEDSOLE | COM | 401.37K | SH | $116.28M 1.45% | 307.74K | 0.00 | 93.63K |
ROPER TECHNOLOGIES INCSOLE | COM | 200.53K | SH | $113.67M 1.42% | 154.75K | 0.00 | 45.77K |
JOHNSON & JOHNSONSOLE | COM | 687.14K | SH | $104.96M 1.31% | 549.16K | 0.00 | 137.99K |
TJX COS INC NEWSOLE | COM | 785.02K | SH | $96.94M 1.21% | 728.83K | 0.00 | 56.19K |
VERTEX PHARMACEUTICALS INCSOLE | COM | 217.24K | SH | $96.72M 1.21% | 177.18K | 0.00 | 40.06K |
SPDR S&P MIDCAP 400 ETF TRSOLE | UTSER1 S&PDCRP | 169.45K | SH | $95.99M 1.20% | 107.64K | 0.00 | 61.80K |
GALLAGHER ARTHUR J & COSOLE | COM | 294.59K | SH | $94.30M 1.18% | 267.10K | 0.00 | 27.49K |
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