Fund HoldingsWELCH & FORBES LLC

Total Portfolio Value
$8.25B
Total Bought
$185.53M
Total Sold
$731.61M
Net Transaction
-$546.09M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
ALPHABET INC(GOOG)1,203,2881,186,866-16,422293,061372,4394.51%+79,378
ELI LILLY & CO(LLY)168,196167,818-378128,334180,3512.18%+52,017
ALPHABET INC(GOOG)429,151421,125-8,026104,327131,8121.60%+27,485
APPLE INC(AAPL)1,722,2901,702,197-20,093438,547462,7595.61%+24,213
DANAHER CORPORATION(DHR)0618,995+618,9950141,7001.72%+141,700
RTX CORPORATION(RTX)1,141,5161,123,240-18,276191,010206,0022.50%+14,992
JOHNSON & JOHNSON(JNJ)675,855670,094-5,761125,317138,6761.68%+13,359
PALO ALTO NETWORKS INC(PANW)147,526234,423+86,89730,03943,1810.52%+13,141
VERTEX PHARMACEUTICALS INC(VRTX)0218,198+218,198098,9221.20%+98,922
UBER TECHNOLOGIES INC(UBER)88,380254,751+166,3718,65920,8160.25%+12,157
SPDR S&P 500 ETF TR(SPY)40,31256,158+15,84626,85538,2950.46%+11,440
CHUBB LIMITED
COM
0393,955+393,9550122,9611.49%+122,961
BROADCOM INC(AVGO)211,870229,576+17,70669,89879,4560.96%+9,558
METTLER TOLEDO INTERNATIONAL(MTD)59,72159,348-37373,31482,7421.00%+9,428
AMAZON COM INC(AMZN)550,124563,166+13,042120,791129,9901.57%+9,199
THERMO FISHER SCIENTIFIC INC(TMO)89,72689,084-64243,51951,6200.63%+8,101
SYNOPSYS INC(SNPS)18,07535,556+17,4818,91816,7010.20%+7,783
TJX COS INC NEW(TJX)780,740777,967-2,773112,848119,5041.45%+6,655
MERCK & CO INC(MRK)326,753322,229-4,52427,42433,9180.41%+6,493
VISA INC(V)0725,722+725,7220254,5183.08%+254,518
IDEXX LABS INC(IDXX)168,926168,282-644107,925113,8481.38%+5,923
CISCO SYS INC(CSCO)0642,476+642,476049,4900.60%+49,490
WALMART INC(WMT)529,371535,229+5,85854,55759,6300.72%+5,073
CUMMINS INC(CMI)45,08544,370-71519,04322,6490.27%+3,606
NEXTERA ENERGY INC(NEE)672,709676,027+3,31850,78354,2710.66%+3,489
AMERICAN EXPRESS CO(AXP)87,75987,246-51329,15032,2770.39%+3,127
SPDR SERIES TRUST
ST STR SP DIV
022,079+22,07903,0730.04%+3,073
GSK PLC(GSK)518,597518,597022,38325,4320.31%+3,049
MONGODB INC(MDB)22,68323,581+8987,0409,8970.12%+2,856
JPMORGAN CHASE & CO.(JPM)671,288665,957-5,331211,744214,5852.60%+2,840
EXPEDITORS INTL WASH INC(EXPD)103,038102,259-77912,63115,2380.18%+2,606
BANK AMERICA CORP1,005,865989,978-15,88751,89354,4490.66%+2,556
VANGUARD BD INDEX FDS058,991+58,99104,6490.06%+4,649
SHOPIFY INC(SHOP)150,548152,934+2,38622,37324,6180.30%+2,245
DOVER CORP(DOV)0144,182+144,182028,1500.34%+28,150
EXXON MOBIL CORP0289,014+289,014034,7800.42%+34,780
CATERPILLAR INC(CAT)19,44419,405-399,27811,1170.13%+1,839
MOODYS CORP(MCO)050,215+50,215025,6520.31%+25,652
VANGUARD TAX-MANAGED FDS982,158967,383-14,77558,85160,4320.73%+1,582
EDWARDS LIFESCIENCES CORP0181,671+181,671015,4870.19%+15,487
SELECT SECTOR SPDR TR
ST STR TECHN ETF
07,728+7,72801,1130.01%+1,113
INTUITIVE SURGICAL INC09,311+9,31105,2730.06%+5,273
AMGEN INC(AMGN)024,931+24,93108,1600.10%+8,160
FIRST TR EXCHANGE-TRADED FD
SENIOR LN FD
0696,962+696,962031,9770.39%+31,977
ISHARES TR17,45018,340+89011,67912,5620.15%+883
UNILEVER PLC(UL)013,412+13,41208770.01%+877
CHEFS WHSE INC(CHEF)053,105+53,10503,3100.04%+3,310
VANECK ETF TRUST
GOLD MINERS ETF
230,269214,275-15,99417,59318,3780.22%+786
HALEON PLC(HLN)0643,501+643,50106,5060.08%+6,506
ISHARES GOLD TR(IAU)86,88386,88306,3227,0520.09%+730
MCCORMICK & CO INC(MKC)017,173+17,17301,1700.01%+1,170
BRISTOL-MYERS SQUIBB CO(BMY)094,006+94,00605,0710.06%+5,071
COCA COLA CO(KO)0283,587+283,587019,8260.24%+19,826
INTERNATIONAL BUSINESS MACHS(IBM)053,911+53,911015,9690.19%+15,969
NOVARTIS AG(NVS)61,14661,088-587,8418,4220.10%+581
ANALOG DEVICES INC(ADI)27,03526,407-6286,6437,1620.09%+519
UNITED PARCEL SERVICE INC(UPS)041,850+41,85004,1510.05%+4,151
QUALCOMM INC(QCOM)140,954140,036-91823,44923,9530.29%+504
TORONTO DOMINION BK ONT(TD)043,734+43,73404,1200.05%+4,120
STATE STR CORP(STT)39,15338,979-1744,5425,0290.06%+487
WELLS FARGO CO NEW(WFC)044,718+44,71804,1680.05%+4,168
HARBOR ETF TRUST
LONG SHO EQU ETF
014,016+14,01603870.00%+387
GENERAL MTRS CO(GM)017,339+17,33901,4100.02%+1,410
INTEL CORP(INTC)146,706142,861-3,8454,9225,2720.06%+350
APPLIED MATLS INC06,736+6,73601,7310.02%+1,731
SPDR SERIES TRUST
ST STR SP600 SML
07,263+7,26303400.00%+340
INVESCO QQQ TR9,4759,813+3385,6896,0280.07%+340
QNITY ELECTRONICS INC(Q)03,741+3,74103050.00%+305
WATERS CORP(WAT)03,738+3,73801,4200.02%+1,420
GILEAD SCIENCES INC(GILD)026,775+26,77503,2860.04%+3,286
ISHARES TR068,865+68,86504,5450.06%+4,545
ADVANCED MICRO DEVICES INC(AMD)05,609+5,60901,2010.01%+1,201
FORTIVE CORP(FTV)057,795+57,79503,1910.04%+3,191
PARKER-HANNIFIN CORP(PH)02,505+2,50502,2020.03%+2,202
GRAIL INC(GRAL)03,108+3,10802660.00%+266
GE VERNOVA INC(GEV)11,26511,000-2656,9277,1890.09%+262
ISHARES TR02,337+2,33702500.00%+250
SALESFORCE INC(CRM)08,958+8,95802,3730.03%+2,373
VANGUARD INTL EQUITY INDEX F110,797110,812+157,9088,1510.10%+244
ISHARES TR17,82120,280+2,4591,7872,0260.02%+239
ILLUMINA INC(ILMN)01,802+1,80202360.00%+236
ISHARES TR137,641137,975+33416,35616,5820.20%+226
SPDR SERIES TRUST
ST STR P500ETF
02,786+2,78602230.00%+223
SCHOLAR ROCK HLDG CORP(SRRK)05,000+5,00002200.00%+220
HALLIBURTON CO(HAL)07,600+7,60002150.00%+215
MICRON TECHNOLOGY INC(MU)1,4811,48102484230.01%+175
AFFILIATED MANAGERS GROUP IN03,500+3,50001,0090.01%+1,009
EQUINIX INC(EQIX)24,41425,179+76519,12219,2910.23%+169
LINCOLN ELEC HLDGS INC(LECO)215,364212,640-2,72450,78950,9570.62%+168
MCDONALDS CORP(MCD)307,613306,406-1,20793,48193,6471.13%+166
TERADYNE INC(TER)02,955+2,95505720.01%+572
S&P GLOBAL INC(SPGI)4,4344,429-52,1582,3150.03%+156
VANGUARD INDEX FDS010,474+10,47403,0400.04%+3,040
FORMFACTOR INC(FORM)08,000+8,00004460.01%+446
SPDR S&P MIDCAP 400 ETF TR(MDY)168,530166,753-1,777100,449100,5991.22%+150
ISHARES TR27,75427,872+1186,7156,8610.08%+146
HENRY JACK & ASSOC INC(JKHY)04,214+4,21407690.01%+769
US BANCORP DEL(USB)024,605+24,60501,3130.02%+1,313
PNC FINL SVCS GROUP INC(PNC)09,069+9,06901,8930.02%+1,893
ICON PLC(ICLR)18,73518,710-253,2793,4090.04%+131
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