13F holdings
Welch & Forbes LLC portfolio
Managed by . 368 reported positions worth $7.7B as of 2026-03-31, filed with the SEC on 2026-05-01. Parsed from the filing itself, not a reseller.
$7.7B
Book value
368
Positions
37%
Top 10 weight
+9
New this quarter
-15
Exited
134 days
Age today
How old this actually is
Every position on this page is a snapshot of 2026-03-31. It was already 31 days old on 2026-05-01, the day it first became public. Today it is 134 days old.
That lag is the law, not a service level — Rule 13f-1 gives managers 45 days after quarter end to file, and no product can shorten it. A fund can have sold every share below before you read this sentence. Treat it as a record of what happened, never as a position you can follow.
What changed
Positions opened and closed
Against its 2025-12-31 filing. This is the part worth reading — the holdings table below is mostly years old.
New positions (9)
| Ticker | Issuer | Value | Shares | % of book |
|---|---|---|---|---|
| EPD | ENTERPRISE PRODS PARTNERS L | $1.1M | 29,295 | 0.01% |
| DOW | DOW HLDGS INC | $243,196 | 5,839 | 0.00% |
| FDX | FEDEX CORP | $237,216 | 666 | 0.00% |
| EQT | EQT CORP | $206,830 | 3,250 | 0.00% |
| AME | AMETEK INC | $206,215 | 962 | 0.00% |
| VDE | VANGUARD WORLD FD | $203,840 | 1,178 | 0.00% |
| TSM | TAIWAN SEMICONDUCTOR MANUFAC | $203,784 | 603 | 0.00% |
| MIST | MILESTONE PHARMACEUTICALS IN | $29,750 | 25,000 | 0.00% |
| DRMA | DERMATA THERAPEUTICS INC | $24,200 | 20,000 | 0.00% |
Closed out (15)
| Ticker | Issuer | Was worth | Shares | % of book |
|---|---|---|---|---|
| BSX | BOSTON SCIENTIFIC CORP | $10.7M | 111,739 | 0.00% |
| LSEQ | HARBOR ETF TRUST | $386,580 | 14,016 | 0.00% |
| ADSK | AUTODESK INC | $343,075 | 1,159 | 0.00% |
| SGI | SOMNIGROUP INTERNATIONAL INC | $316,051 | 3,540 | 0.00% |
| MORN | MORNINGSTAR INC | $295,324 | 1,359 | 0.00% |
| GRAL | GRAIL INC | $266,014 | 3,108 | 0.00% |
| LYV | LIVE NATION ENTERTAINMENT IN | $255,503 | 1,793 | 0.00% |
| SOLV | SOLVENTUM CORP | $253,568 | 3,200 | 0.00% |
| UBS | UBS GROUP AG | $231,921 | 5,008 | 0.00% |
| TDG | TRANSDIGM GROUP INC | $231,395 | 174 | 0.00% |
| SPYM | SPDR SERIES TRUST | $223,493 | 2,786 | 0.00% |
| FDN | FIRST TR EXCHANGE-TRADED FD | $216,690 | 805 | 0.00% |
| AON | AON PLC | $216,315 | 613 | 0.00% |
| MLM | MARTIN MARIETTA MATLS INC | $201,742 | 324 | 0.00% |
| AMCR | AMCOR PLC | $95,910 | 11,500 | 0.00% |
Added to (53)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| META | META PLATFORMS INC | $76.6M | 133,969 | 0.99% | +3% |
| AVGO | BROADCOM INC | $74.7M | 241,441 | 0.97% | +5% |
| XYL | XYLEM INC | $49.5M | 413,855 | 0.64% | +3% |
| PANW | PALO ALTO NETWORKS INC | $48.2M | 300,564 | 0.62% | +28% |
| CSL | CARLISLE COS INC | $46.9M | 140,466 | 0.61% | +7% |
| BKNG | BOOKING HOLDINGS INC | $45.8M | 10,870 | 0.59% | +2% |
| NOW | SERVICENOW INC | $29.8M | 284,864 | 0.39% | +26% |
| EQIX | EQUINIX INC | $25.3M | 25,794 | 0.33% | +2% |
| MCO | MOODYS CORP | $22.2M | 50,795 | 0.29% | +1% |
| IJR | ISHARES TR | $17.5M | 141,144 | 0.23% | +2% |
| ORCL | ORACLE CORP | $16.8M | 113,935 | 0.22% | +1% |
| GE | GE AEROSPACE | $13.0M | 45,782 | 0.17% | +1% |
| NFLX | NETFLIX INC. | $11.4M | 118,448 | 0.15% | +3464% |
| GEV | GE VERNOVA INC | $9.7M | 11,124 | 0.13% | +1% |
| VEU | VANGUARD INTL EQUITY INDEX F | $8.5M | 112,579 | 0.11% | +2% |
Trimmed (140)
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| ADBE | ADOBE INC | $2.9M | 12,033 | 0.04% | -84% |
| ICLR | ICON PLC | $952,230 | 8,605 | 0.01% | -54% |
| BKLN | INVESCO EXCH TRADED FD TR II | $208,468 | 10,214 | 0.00% | -43% |
| TER | TERADYNE INC | $505,465 | 1,705 | 0.01% | -42% |
| WM | WASTE MGMT INC DEL | $1.1M | 4,979 | 0.01% | -40% |
| VLTO | VERALTO CORP | $740,785 | 8,378 | 0.01% | -39% |
| CMCSA | COMCAST CORP NEW | $4.5M | 157,713 | 0.06% | -38% |
| UNH | UNITEDHEALTH GROUP INC | $532,795 | 1,969 | 0.01% | -36% |
| TAN | INVESCO EXCH TRADED FD TR II | $295,264 | 5,300 | 0.00% | -32% |
| WAB | WABTEC | $503,319 | 2,014 | 0.01% | -31% |
| ZBH | ZIMMER BIOMET HOLDINGS INC | $458,972 | 5,076 | 0.01% | -25% |
| RAL | RALLIANT CORP | $600,388 | 14,436 | 0.01% | -25% |
| CRM | SALESFORCE INC | $1.3M | 6,965 | 0.02% | -22% |
| EME | EMCOR GROUP INC | $369,155 | 500 | 0.00% | -19% |
| SPY | STATE STR SPDR S&P 500 ETF T | $29.7M | 45,628 | 0.38% | -19% |
The book
Largest 150 of 368 holdings
| Ticker | Issuer | Value | Shares | % of book | Shares Δ |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPORATION | $540.0M | 3,096,403 | 6.98% | — |
| AAPL | APPLE INC | $426.3M | 1,679,909 | 5.51% | — |
| GOOG | ALPHABET INC | $336.3M | 1,172,363 | 4.35% | — |
| MSFT | MICROSOFT CORP | $326.3M | 881,583 | 4.22% | — |
| ORLY | OREILLY AUTOMOTIVE INC | $261.4M | 2,832,170 | 3.38% | — |
| V | VISA INC | $217.5M | 719,551 | 2.81% | — |
| RTX | RTX CORPORATION | $211.1M | 1,094,594 | 2.73% | — |
| JPM | JPMORGAN CHASE & CO | $192.1M | 652,907 | 2.48% | — |
| SYK | STRYKER CORPORATION | $167.3M | 509,055 | 2.16% | — |
| COST | COSTCO WHOLESALE CORPORATION | $160.8M | 161,366 | 2.08% | — |
| JNJ | JOHNSON & JOHNSON | $160.7M | 657,528 | 2.08% | — |
| LLY | ELI LILLY & CO | $154.7M | 168,235 | 2.00% | — |
| HD | HOME DEPOT INC | $141.0M | 428,694 | 1.82% | — |
| CB | CHUBB LTD SWITZ | $126.1M | 386,756 | 1.63% | — |
| ECL | ECOLAB INC | $125.1M | 470,443 | 1.62% | — |
| TJX | TJX COS INC NEW | $123.3M | 771,975 | 1.59% | — |
| AMZN | AMAZON COM INC | $118.3M | 567,966 | 1.53% | — |
| GOOGL | ALPHABET INC | $117.7M | 409,445 | 1.52% | — |
| DHR | DANAHER CORP DEL | $116.2M | 612,657 | 1.50% | — |
| PG | PROCTER & GAMBLE CO | $110.3M | 763,852 | 1.43% | — |
| MDY | STATE STR SPDR S&P MIDCAP 40 | $99.6M | 161,554 | 1.29% | — |
| VRTX | VERTEX PHARMACEUTICALS INC | $98.1M | 219,669 | 1.27% | — |
| IDXX | IDEXX LABS INC | $94.5M | 168,181 | 1.22% | — |
| MCD | MCDONALDS CORP | $94.5M | 303,989 | 1.22% | — |
| CVX | CHEVRON CORPORATION | $82.9M | 400,536 | 1.07% | — |
| AMP | AMERIPRISE FINL INC | $77.1M | 173,461 | 1.00% | — |
| META | META PLATFORMS INC | $76.6M | 133,969 | 0.99% | — |
| WSO | WATSCO INC | $76.3M | 209,805 | 0.99% | — |
| ABBV | ABBVIE INC | $74.7M | 343,615 | 0.97% | — |
| AVGO | BROADCOM INC | $74.7M | 241,441 | 0.97% | — |
| MTD | METTLER TOLEDO INTERNATIONAL | $74.2M | 58,807 | 0.96% | — |
| RMD | RESMED INC | $73.3M | 326,407 | 0.95% | — |
| IRM | IRON MTN INC DEL | $66.6M | 652,068 | 0.86% | — |
| WMT | WALMART INC | $65.0M | 523,098 | 0.84% | — |
| ABT | ABBOTT LABORATORIES | $64.7M | 629,836 | 0.84% | — |
| PEP | PEPSICO INC | $64.6M | 415,977 | 0.84% | — |
| ROP | ROPER TECHNOLOGIES INC | $63.7M | 180,120 | 0.82% | — |
| AJG | GALLAGHER ARTHUR J & CO | $63.5M | 293,288 | 0.82% | — |
| NEE | NEXTERA ENERGY INC | $62.7M | 675,388 | 0.81% | — |
| VEA | VANGUARD TAX-MANAGED FDS | $62.2M | 970,411 | 0.80% | — |
| BRK/B | BERKSHIRE HATHAWAY INC DEL | $56.3M | 117,536 | 0.73% | — |
| LECO | LINCOLN ELEC HLDGS INC | $52.3M | 209,888 | 0.68% | — |
| LIN | LINDE PLC | $52.2M | 105,270 | 0.67% | — |
| XYL | XYLEM INC | $49.5M | 413,855 | 0.64% | — |
| CSCO | CISCO SYS INC | $49.2M | 633,547 | 0.64% | — |
| EXMOC | EXXON MOBIL CORP | $48.4M | 284,982 | 0.63% | — |
| PANW | PALO ALTO NETWORKS INC | $48.2M | 300,564 | 0.62% | — |
| LHX | L3HARRIS TECHNOLOGIES INC | $47.7M | 138,096 | 0.62% | — |
| BAC | BANK AMERICA CORP | $47.6M | 976,595 | 0.62% | — |
| CSL | CARLISLE COS INC | $46.9M | 140,466 | 0.61% | — |
| BKNG | BOOKING HOLDINGS INC | $45.8M | 10,870 | 0.59% | — |
| ADP | AUTOMATIC DATA PROCESSING IN | $45.5M | 223,960 | 0.59% | — |
| TMO | THERMO FISHER SCIENTIFIC INC | $43.7M | 88,934 | 0.57% | — |
| EMLP | FIRST TR EXCHANGE-TRADED FD | $43.5M | 996,003 | 0.56% | — |
| AOS | SMITH A O CORP | $38.2M | 579,780 | 0.49% | — |
| MRK | MERCK & CO INC | $38.2M | 317,368 | 0.49% | — |
| CHD | CHURCH & DWIGHT CO INC | $35.4M | 378,902 | 0.46% | — |
| AFL | AFLAC INC | $34.8M | 317,011 | 0.45% | — |
| PAYX | PAYCHEX INC | $33.4M | 362,116 | 0.43% | — |
| VZ | VERIZON COMMUNICATIONS INC | $32.7M | 652,264 | 0.42% | — |
| CTAS | CINTAS CORP | $32.2M | 190,419 | 0.42% | — |
| DOV | DOVER CORP | $29.9M | 143,443 | 0.39% | — |
| NOW | SERVICENOW INC | $29.8M | 284,864 | 0.39% | — |
| SPY | STATE STR SPDR S&P 500 ETF T | $29.7M | 45,628 | 0.38% | — |
| GSK | GSK PLC | $28.6M | 518,597 | 0.37% | — |
| FTSL | FIRST TR EXCHANGE-TRADED FD | $28.3M | 631,873 | 0.37% | — |
| FISV | FISERV INC | $28.3M | 506,394 | 0.37% | — |
| EQIX | EQUINIX INC | $25.3M | 25,794 | 0.33% | — |
| AXP | AMERICAN EXPRESS CO | $24.7M | 81,764 | 0.32% | — |
| CMI | CUMMINS INC | $23.0M | 42,811 | 0.30% | — |
| MCO | MOODYS CORP | $22.2M | 50,795 | 0.29% | — |
| TSCO | TRACTOR SUPPLY CO | $21.6M | 477,916 | 0.28% | — |
| KO | COCA COLA CO | $21.4M | 281,117 | 0.28% | — |
| OTIS | OTIS WORLDWIDE CORP | $18.9M | 245,678 | 0.24% | — |
| SHOP | SHOPIFY INC | $18.2M | 153,531 | 0.24% | — |
| OMC | OMNICOM GROUP INC | $18.0M | 238,369 | 0.23% | — |
| QCOM | QUALCOMM INC | $17.8M | 138,251 | 0.23% | — |
| KMX | CARMAX INC | $17.7M | 426,833 | 0.23% | — |
| PFF | ISHARES TR | $17.7M | 584,741 | 0.23% | — |
| IJR | ISHARES TR | $17.5M | 141,144 | 0.23% | — |
| GDX | VANECK ETF TRUST | $17.2M | 187,249 | 0.22% | — |
| ORCL | ORACLE CORP | $16.8M | 113,935 | 0.22% | — |
| ACN | ACCENTURE PLC IRELAND | $16.7M | 84,177 | 0.22% | — |
| UBER | UBER TECHNOLOGIES INC | $16.1M | 224,048 | 0.21% | — |
| CGNX | COGNEX CORP | $15.8M | 322,893 | 0.20% | — |
| EMR | EMERSON ELEC CO | $14.5M | 110,476 | 0.19% | — |
| EW | EDWARDS LIFESCIENCES CORP | $14.4M | 179,504 | 0.19% | — |
| EXPD | EXPEDITORS INTL WASH INC | $14.4M | 100,357 | 0.19% | — |
| CAT | CATERPILLAR INC | $13.5M | 19,031 | 0.17% | — |
| SNPS | SYNOPSYS INC | $13.3M | 33,491 | 0.17% | — |
| GE | GE AEROSPACE | $13.0M | 45,782 | 0.17% | — |
| IBM | INTERNATIONAL BUSINESS MACHS | $13.0M | 53,445 | 0.17% | — |
| NFLX | NETFLIX INC. | $11.4M | 118,448 | 0.15% | — |
| IVV | ISHARES TR | $11.1M | 17,064 | 0.14% | — |
| MZTI | MARZETTI COMPANY | $10.0M | 72,423 | 0.13% | — |
| PFE | PFIZER INC | $9.7M | 346,584 | 0.13% | — |
| GEV | GE VERNOVA INC | $9.7M | 11,124 | 0.13% | — |
| APD | AIR PRODUCTS AND CHEMICALS I | $9.7M | 33,262 | 0.12% | — |
| NVS | NOVARTIS AG | $8.8M | 57,626 | 0.11% | — |
| AMGN | AMGEN INC | $8.7M | 24,846 | 0.11% | — |
| SHW | SHERWIN WILLIAMS CO | $8.7M | 27,010 | 0.11% | — |
| VEU | VANGUARD INTL EQUITY INDEX F | $8.5M | 112,579 | 0.11% | — |
| ADI | ANALOG DEVICES INC | $8.3M | 26,057 | 0.11% | — |
| DUK | DUKE ENERGY CORP NEW | $8.1M | 61,947 | 0.10% | — |
| CARR | CARRIER GLOBAL CORPORATION | $8.0M | 141,199 | 0.10% | — |
| IAU | ISHARES GOLD TR | $7.7M | 86,883 | 0.10% | — |
| SBUX | STARBUCKS CORP | $7.6M | 84,551 | 0.10% | — |
| MMM | 3M CO | $7.3M | 50,609 | 0.10% | — |
| PGR | PROGRESSIVE CORP | $7.2M | 36,257 | 0.09% | — |
| AWK | AMERICAN WTR WKS CO INC NEW | $6.7M | 49,424 | 0.09% | — |
| HLN | HALEON PLC | $6.4M | 643,501 | 0.08% | — |
| IWM | ISHARES TR | $6.3M | 25,603 | 0.08% | — |
| INTC | INTEL CORP | $6.3M | 142,291 | 0.08% | — |
| MA | MASTERCARD INCORPORATED | $6.2M | 12,353 | 0.08% | — |
| RPM | RPM INTL INC | $6.1M | 61,726 | 0.08% | — |
| LQD | ISHARES TR | $6.1M | 55,870 | 0.08% | — |
| BDX | BECTON DICKINSON & CO | $6.0M | 37,926 | 0.08% | — |
| QQQ | INVESCO QQQ TR | $5.8M | 10,091 | 0.08% | — |
| MDB | MONGODB INC | $5.8M | 23,585 | 0.07% | — |
| VLO | VALERO ENERGY CORP | $5.8M | 23,320 | 0.07% | — |
| ITW | ILLINOIS TOOL WKS INC | $5.8M | 22,120 | 0.07% | — |
| BMY | BRISTOL-MYERS SQUIBB CO | $5.7M | 94,324 | 0.07% | — |
| TXN | TEXAS INSTRS INC | $5.6M | 28,613 | 0.07% | — |
| TIP | ISHARES TR | $5.4M | 49,047 | 0.07% | — |
| IJH | ISHARES TR | $5.3M | 78,706 | 0.07% | — |
| STT | STATE STR CORP | $4.9M | 38,929 | 0.06% | — |
| CHKP | CHECK POINT SOFTWARE TECH LT | $4.9M | 33,995 | 0.06% | — |
| BSV | VANGUARD BD INDEX FDS | $4.5M | 57,819 | 0.06% | — |
| CMCSA | COMCAST CORP NEW | $4.5M | 157,713 | 0.06% | — |
| LMT | LOCKHEED MARTIN CORP | $4.5M | 7,450 | 0.06% | — |
| IWO | ISHARES TR | $4.4M | 13,980 | 0.06% | — |
| ISRG | INTUITIVE SURGICAL INC | $4.3M | 9,283 | 0.06% | — |
| UNP | UNION PAC CORP | $4.3M | 17,549 | 0.06% | — |
| OEF | ISHARES TR | $4.2M | 13,187 | 0.05% | — |
| UPS | UNITED PARCEL SVCS INC | $4.1M | 41,251 | 0.05% | — |
| TD | TORONTO DOMINION BK ONT | $4.0M | 43,316 | 0.05% | — |
| CL | COLGATE PALMOLIVE CO | $4.0M | 46,764 | 0.05% | — |
| BALL | BALL CORP | $4.0M | 67,392 | 0.05% | — |
| SYY | SYSCO CORP | $3.9M | 55,309 | 0.05% | — |
| T | AT&T INC | $3.9M | 133,287 | 0.05% | — |
| CHEF | CHEFS WHSE INC | $3.8M | 64,255 | 0.05% | — |
| GILD | GILEAD SCIENCES INC | $3.7M | 26,670 | 0.05% | — |
| ROL | ROLLINS INC | $3.7M | 68,856 | 0.05% | — |
| LNT | ALLIANT ENERGY CORP | $3.6M | 50,264 | 0.05% | — |
| DE | DEERE & CO | $3.5M | 6,287 | 0.05% | — |
| COP | CONOCOPHILLIPS | $3.5M | 26,709 | 0.05% | — |
| EOG | EOG RES INC | $3.5M | 24,269 | 0.05% | — |
| WFC | WELLS FARGO & CO | $3.5M | 43,897 | 0.05% | — |
| LOW | LOWES COS INC | $3.4M | 14,448 | 0.04% | — |
| DIS | DISNEY WALT CO | $3.3M | 34,128 | 0.04% | — |
This table is the 150 largest positions by value, out of 368 reported. The search box only searches what is on this page — a name absent from it may still be in the filing further down the book. The full info table is here.
Rows are aggregated by CUSIP — a manager files the same security multiple times when different internal desks hold it. Tickers link to our own backtest of that asset where we cover it.
Read the original
This page was built from one document: the 2026-03-31 Form 13F info table filed by Welch & Forbes LLC (CIK 105495, accession 0000105495-26-000002). Every other 13F site is reading the same file.
If anything here disagrees with it, the filing wins — and we would want to know. All 13F filings by this manager
What a 13F cannot show you
A 13F is a long-only equity snapshot, and the holes in it are structural. Anyone selling you this data as "what the smart money is doing" is selling you one leg of a position:
- No short positions. None, ever. A fund shown here as bullish may be net short the same name through a book you cannot see.
- No cash, bonds, FX, commodities or non-US listings. A macro fund's entire thesis can be invisible.
- No intra-quarter round trips. Bought and sold inside the same quarter means it never appears at all.
- Options are notional, not ownership. We keep puts and calls in a separate bucket rather than adding their notional into a fund's book size, which is how a $2B fund gets reported as a $20B one.
- Confidential treatment. Managers can ask the SEC to withhold a position while they build it. Those holdings are legally absent from the filing, so a "new" position may be months old.
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