Fund HoldingsWELCH & FORBES LLC

Total Portfolio Value
$8.01B
Total Bought
$310.55M
Total Sold
$704.24M
Net Transaction
-$393.69M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
NVIDIA CORPORATION(NVDA)03,538,095+3,538,0950558,9846.98%+558,984
MICROSOFT CORP(MSFT)0898,016+898,0160446,6835.58%+446,683
JPMORGAN CHASE & CO.(JPM)689,815679,848-9,967169,212197,0952.46%+27,883
BROADCOM INC(AVGO)0204,891+204,891056,4780.71%+56,478
ALPHABET INC(GOOG)01,207,493+1,207,4930214,1972.67%+214,197
META PLATFORMS INC(META)119,331124,030+4,69968,77891,5451.14%+22,768
SERVICENOW INC(NOW)42,86952,412+9,54334,13053,8840.67%+19,754
IDEXX LABS INC(IDXX)169,846169,017-82971,32790,6511.13%+19,324
AMAZON COM INC(AMZN)0547,872+547,8720120,1981.50%+120,198
SHOPIFY INC(SHOP)0146,116+146,116016,8550.21%+16,855
RTX CORPORATION(RTX)1,163,7961,155,533-8,263154,157168,7312.11%+14,575
RESMED INC(RMD)0331,578+331,578085,5471.07%+85,547
ANSYS INC0380,883+380,8830133,7741.67%+133,774
STRYKER CORPORATION(SYK)516,664514,389-2,275192,328203,5082.54%+11,179
CARLISLE COS INC(CSL)118,051136,530+18,47940,19750,9800.64%+10,784
IRON MTN INC DEL(IRM)0668,938+668,938068,6130.86%+68,613
BOOKING HOLDINGS INC(BKNG)08,467+8,467049,0170.61%+49,017
ORACLE CORP(ORCL)0116,838+116,838025,5440.32%+25,544
ALPHABET INC(GOOG)0430,647+430,647075,8930.95%+75,893
ECOLAB INC(ECL)471,715474,328+2,613119,589127,8031.60%+8,214
AMERIPRISE FINL INC(AMP)0175,953+175,953093,9121.17%+93,912
VANGUARD TAX-MANAGED FDS959,008974,651+15,64348,74655,5650.69%+6,818
L3HARRIS TECHNOLOGIES INC(LHX)141,606142,889+1,28329,64035,8420.45%+6,203
WALMART INC(WMT)0526,490+526,490051,4800.64%+51,480
BANK AMERICA CORP01,012,075+1,012,075047,8910.60%+47,891
SPDR S&P MIDCAP 400 ETF TR(MDY)0169,447+169,447095,9881.20%+95,988
XYLEM INC(XYL)368,822381,335+12,51344,06049,3290.62%+5,270
CISCO SYS INC(CSCO)653,597652,563-1,03440,33445,2750.57%+4,941
COSTCO WHSL CORP NEW(COST)165,611163,058-2,553156,632161,4182.02%+4,786
LINCOLN ELEC HLDGS INC(LECO)210,889215,456+4,56739,89244,6680.56%+4,777
AMERICAN EXPRESS CO(AXP)088,793+88,793028,3230.35%+28,323
ISHARES TR98,450129,280+30,83010,29514,1290.18%+3,834
NEXTERA ENERGY INC(NEE)599,982667,412+67,43042,53346,3320.58%+3,799
CINTAS CORP(CTAS)192,496193,241+74539,56443,0680.54%+3,504
INTERNATIONAL BUSINESS MACHS(IBM)60,00859,159-84914,92217,4390.22%+2,517
GE VERNOVA INC(GEV)011,313+11,31305,9860.07%+5,986
GE AEROSPACE(GE)48,37647,009-1,3679,68312,1000.15%+2,417
EMERSON ELEC CO(EMR)0117,348+117,348015,6460.20%+15,646
ABBOTT LABS634,527634,135-39284,17086,2491.08%+2,079
MOODYS CORP(MCO)049,106+49,106024,6310.31%+24,631
VANGUARD INTL EQUITY INDEX F0110,382+110,38207,4200.09%+7,420
SPDR S&P 500 ETF TR(SPY)040,816+40,816025,2180.31%+25,218
TJX COS INC NEW(TJX)784,497785,017+52095,55296,9421.21%+1,390
VISA INC(V)738,002732,353-5,649258,640260,0223.25%+1,382
VANECK ETF TRUST
GOLD MINERS ETF
242,121239,936-2,18511,13012,4910.16%+1,361
CARRIER GLOBAL CORPORATION(CARR)0143,838+143,838010,5280.13%+10,528
FIRST TR EXCHANGE-TRADED FD
SENIOR LN FD
660,334682,178+21,84430,14431,3050.39%+1,161
INTUIT(INTU)04,864+4,86403,8310.05%+3,831
ISHARES TR017,366+17,366010,7830.13%+10,783
COGNEX CORP(CGNX)0344,265+344,265010,9200.14%+10,920
DISNEY WALT CO(DIS)039,096+39,09604,8480.06%+4,848
ANALOG DEVICES INC(ADI)026,813+26,81306,3820.08%+6,382
BOSTON SCIENTIFIC CORP(BSX)0113,441+113,441012,1850.15%+12,185
CATERPILLAR INC(CAT)019,757+19,75707,6700.10%+7,670
ADVANCED MICRO DEVICES INC(AMD)05,867+5,86708330.01%+833
TEXAS INSTRS INC(TXN)027,841+27,84105,7800.07%+5,780
DOVER CORP(DOV)0158,550+158,550029,0510.36%+29,051
LINDE PLC(LIN)102,275103,127+85247,62348,3850.60%+762
QUALCOMM INC(QCOM)0143,438+143,438022,8440.29%+22,844
INVESCO QQQ TR08,794+8,79404,8510.06%+4,851
EQUINIX INC(EQIX)020,470+20,470016,2830.20%+16,283
NOVARTIS AG(NVS)61,29461,809+5156,8337,4800.09%+646
ASML HOLDING N V
N Y REGISTRY SHS
0750+75006010.01%+601
PALO ALTO NETWORKS INC(PANW)018,599+18,59903,8060.05%+3,806
ISHARES TR09,045+9,04503,0710.04%+3,071
CAPITAL ONE FINL CORP(COF)06,972+6,97201,4830.02%+1,483
ISHARES TR05,615+5,61502,3840.03%+2,384
STATE STR CORP(STT)039,153+39,15304,1640.05%+4,164
PHILIP MORRIS INTL INC(PM)21,61821,706+883,4313,9530.05%+522
GOLDMAN SACHS GROUP INC(GS)01,819+1,81901,2870.02%+1,287
DEERE & CO(DE)5,8436,386+5432,7423,2470.04%+505
ISHARES TR014,381+14,38104,3770.05%+4,377
CUMMINS INC(CMI)045,115+45,115014,7750.18%+14,775
ISHARES TR40,49244,482+3,9904,4984,8950.06%+397
HONEYWELL INTL INC(HON)011,040+11,04002,5710.03%+2,571
HUBBELL INC(HUBB)05,027+5,02702,0530.03%+2,053
INTUITIVE SURGICAL INC09,434+9,43405,1270.06%+5,127
3M CO(MMM)51,54052,141+6017,5697,9380.10%+369
WASTE MGMT INC DEL(WM)6,4688,134+1,6661,4971,8610.02%+364
AUTODESK INC01,125+1,12503480.00%+348
ZOETIS INC(ZTS)02,197+2,19703430.00%+343
SMITH A O CORP(AOS)0596,244+596,244039,0960.49%+39,096
TESLA INC(TSLA)05,260+5,26001,6710.02%+1,671
VEEVA SYS INC(VEEV)06,147+6,14701,7700.02%+1,770
ISHARES TR014,218+14,21804,0640.05%+4,064
WELLS FARGO CO NEW(WFC)045,506+45,50603,6460.05%+3,646
EATON CORP PLC(ETN)03,756+3,75601,3410.02%+1,341
CHEFS WHSE INC(CHEF)043,005+43,00502,7440.03%+2,744
ISHARES TR066,504+66,50404,1250.05%+4,125
VANGUARD INTL EQUITY INDEX F03,800+3,80002950.00%+295
VANGUARD INDEX FDS02,786+2,78608470.01%+847
VANGUARD WORLD FD
INF TECH ETF
0981+98106510.01%+651
AMPHENOL CORP NEW02,746+2,74602710.00%+271
UNILEVER PLC(UL)018,011+18,01101,1020.01%+1,102
TERADYNE INC(TER)02,955+2,95502660.00%+266
MCKESSON CORP(MCK)0355+35502600.00%+260
VANGUARD STAR FDS03,731+3,73102580.00%+258
AGNICO EAGLE MINES LTD(AEM)02,111+2,11102510.00%+251
PALANTIR TECHNOLOGIES INC(PLTR)01,839+1,83902510.00%+251
MARATHON PETE CORP(MPC)012,175+12,17502,0220.03%+2,022
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