WELCH & FORBES LLC
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| ALPHABET INC | 1,203,288 | 1,186,866 | -16,422 | 293,060,958 | 372,438,560 | +79,377,602 |
| ELI LILLY & CO | 168,196 | 167,818 | -378 | 128,333,548 | 180,350,648 | +52,017,100 |
| ALPHABET INC | 429,151 | 421,125 | -8,026 | 104,326,644 | 131,812,125 | +27,485,481 |
| APPLE INC | 1,722,290 | 1,702,197 | -20,093 | 438,546,822 | 462,759,410 | +24,212,588 |
| DANAHER CORPORATION | 622,089 | 618,995 | -3,094 | 123,335,468 | 141,700,350 | +18,364,882 |
| RTX CORPORATION | 1,141,516 | 1,123,240 | -18,276 | 191,010,047 | 206,002,164 | +14,992,117 |
| JOHNSON & JOHNSON | 675,855 | 670,094 | -5,761 | 125,317,172 | 138,676,126 | +13,358,954 |
| PALO ALTO NETWORKS INC | 147,526 | 234,423 | +86,897 | 30,039,282 | 43,180,740 | +13,141,458 |
| VERTEX PHARMACEUTICALS INC | 220,346 | 218,198 | -2,148 | 86,296,303 | 98,922,247 | +12,625,944 |
| UBER TECHNOLOGIES INC | 88,380 | 254,751 | +166,371 | 8,658,600 | 20,815,745 | +12,157,145 |
| SPDR S&P 500 ETF TR | 40,312 | 56,158 | +15,846 | 26,855,061 | 38,295,268 | +11,440,207 |
| CHUBB LIMITED | 398,440 | 393,955 | -4,485 | 112,460,019 | 122,961,220 | +10,501,201 |
| BROADCOM INC | 211,870 | 229,576 | +17,706 | 69,898,139 | 79,456,493 | +9,558,354 |
| METTLER TOLEDO INTERNATIONAL | 59,721 | 59,348 | -373 | 73,314,096 | 82,742,458 | +9,428,362 |
| AMAZON COM INC | 550,124 | 563,166 | +13,042 | 120,790,827 | 129,990,075 | +9,199,248 |
| THERMO FISHER SCIENTIFIC INC | 89,726 | 89,084 | -642 | 43,518,943 | 51,619,866 | +8,100,923 |
| SYNOPSYS INC | 18,075 | 35,556 | +17,481 | 8,918,028 | 16,701,379 | +7,783,351 |
| TJX COS INC NEW | 780,740 | 777,967 | -2,773 | 112,848,227 | 119,503,556 | +6,655,329 |
| MERCK & CO INC | 326,753 | 322,229 | -4,524 | 27,424,373 | 33,917,812 | +6,493,439 |
| VISA INC | 727,217 | 725,722 | -1,495 | 248,257,541 | 254,518,128 | +6,260,587 |
| IDEXX LABS INC | 168,926 | 168,282 | -644 | 107,925,181 | 113,847,886 | +5,922,705 |
| CISCO SYS INC | 647,290 | 642,476 | -4,814 | 44,287,681 | 49,490,023 | +5,202,342 |
| WALMART INC | 529,371 | 535,229 | +5,858 | 54,557,083 | 59,629,949 | +5,072,866 |
| CUMMINS INC | 45,085 | 44,370 | -715 | 19,042,582 | 22,648,708 | +3,606,126 |
| NEXTERA ENERGY INC | 672,709 | 676,027 | +3,318 | 50,782,940 | 54,271,449 | +3,488,509 |
| AMERICAN EXPRESS CO | 87,759 | 87,246 | -513 | 29,150,022 | 32,276,677 | +3,126,655 |
| SPDR SERIES TRUST | 0 | 22,079 | +22,079 | 0 | 3,072,514 | +3,072,514 |
| GSK PLC | 518,597 | 518,597 | 0 | 22,382,646 | 25,431,997 | +3,049,351 |
| MONGODB INC | 22,683 | 23,581 | +898 | 7,040,383 | 9,896,726 | +2,856,343 |
| JPMORGAN CHASE & CO. | 671,288 | 665,957 | -5,331 | 211,744,442 | 214,584,703 | +2,840,261 |
| EXPEDITORS INTL WASH INC | 103,038 | 102,259 | -779 | 12,631,425 | 15,237,616 | +2,606,191 |
| BANK AMERICA CORP | 1,005,865 | 989,978 | -15,887 | 51,892,677 | 54,448,790 | +2,556,113 |
| VANGUARD BD INDEX FDS | 29,279 | 58,991 | +29,712 | 2,310,416 | 4,649,080 | +2,338,664 |
| SHOPIFY INC | 150,548 | 152,934 | +2,386 | 22,372,946 | 24,617,800 | +2,244,854 |
| DOVER CORP | 155,797 | 144,182 | -11,615 | 25,991,633 | 28,150,093 | +2,158,460 |
| EXXON MOBIL CORP | 291,236 | 289,014 | -2,222 | 32,836,880 | 34,779,931 | +1,943,051 |
| CATERPILLAR INC | 19,444 | 19,405 | -39 | 9,277,713 | 11,116,550 | +1,838,837 |
| MOODYS CORP | 50,041 | 50,215 | +174 | 23,843,522 | 25,652,406 | +1,808,884 |
| VANGUARD TAX-MANAGED FDS | 982,158 | 967,383 | -14,775 | 58,850,909 | 60,432,483 | +1,581,574 |
| EDWARDS LIFESCIENCES CORP | 182,624 | 181,671 | -953 | 14,202,677 | 15,487,473 | +1,284,796 |
| SELECT SECTOR SPDR TR | 0 | 7,728 | +7,728 | 0 | 1,112,602 | +1,112,602 |
| INTUITIVE SURGICAL INC | 9,384 | 9,311 | -73 | 4,196,810 | 5,273,379 | +1,076,569 |
| AMGEN INC | 25,156 | 24,931 | -225 | 7,099,024 | 8,160,172 | +1,061,148 |
| FIRST TR EXCHANGE-TRADED FD | 678,209 | 696,962 | +18,753 | 31,089,082 | 31,976,603 | +887,521 |
| ISHARES TR | 17,450 | 18,340 | +890 | 11,679,291 | 12,561,804 | +882,513 |
| UNILEVER PLC | 0 | 13,412 | +13,412 | 0 | 877,144 | +877,144 |
| CHEFS WHSE INC | 42,305 | 53,105 | +10,800 | 2,467,655 | 3,310,039 | +842,384 |
| VANECK ETF TRUST | 230,269 | 214,275 | -15,994 | 17,592,553 | 18,378,434 | +785,881 |
| HALEON PLC | 643,501 | 643,501 | 0 | 5,772,205 | 6,505,795 | +733,590 |
| ISHARES GOLD TR | 86,883 | 86,883 | 0 | 6,322,482 | 7,052,296 | +729,814 |
| MCCORMICK & CO INC | 7,222 | 17,173 | +9,951 | 483,226 | 1,169,664 | +686,438 |
| BRISTOL-MYERS SQUIBB CO | 97,478 | 94,006 | -3,472 | 4,396,261 | 5,070,687 | +674,426 |
| COCA COLA CO | 288,794 | 283,587 | -5,207 | 19,152,827 | 19,825,610 | +672,783 |
| INTERNATIONAL BUSINESS MACHS | 54,413 | 53,911 | -502 | 15,353,241 | 15,969,056 | +615,815 |
| NOVARTIS AG | 61,146 | 61,088 | -58 | 7,841,365 | 8,422,226 | +580,861 |
| ANALOG DEVICES INC | 27,035 | 26,407 | -628 | 6,642,506 | 7,161,580 | +519,074 |
| UNITED PARCEL SERVICE INC | 43,520 | 41,850 | -1,670 | 3,635,235 | 4,151,110 | +515,875 |
| QUALCOMM INC | 140,954 | 140,036 | -918 | 23,449,115 | 23,953,186 | +504,071 |
| TORONTO DOMINION BK ONT | 45,234 | 43,734 | -1,500 | 3,616,460 | 4,119,742 | +503,282 |
| STATE STR CORP | 39,153 | 38,979 | -174 | 4,542,142 | 5,028,684 | +486,542 |
| WELLS FARGO CO NEW | 44,398 | 44,718 | +320 | 3,721,442 | 4,167,719 | +446,277 |
| HARBOR ETF TRUST | 0 | 14,016 | +14,016 | 0 | 386,580 | +386,580 |
| GENERAL MTRS CO | 17,339 | 17,339 | 0 | 1,057,160 | 1,410,009 | +352,849 |
| INTEL CORP | 146,706 | 142,861 | -3,845 | 4,921,991 | 5,271,573 | +349,582 |
| APPLIED MATLS INC | 6,767 | 6,736 | -31 | 1,385,475 | 1,731,086 | +345,611 |
| SPDR SERIES TRUST | 0 | 7,263 | +7,263 | 0 | 340,344 | +340,344 |
| INVESCO QQQ TR | 9,475 | 9,813 | +338 | 5,688,511 | 6,028,223 | +339,712 |
| QNITY ELECTRONICS INC | 0 | 3,741 | +3,741 | 0 | 305,455 | +305,455 |
| WATERS CORP | 3,738 | 3,738 | 0 | 1,120,692 | 1,419,804 | +299,112 |
| GILEAD SCIENCES INC | 26,924 | 26,775 | -149 | 2,988,564 | 3,286,364 | +297,800 |
| ISHARES TR | 65,162 | 68,865 | +3,703 | 4,252,480 | 4,545,090 | +292,610 |
| ADVANCED MICRO DEVICES INC | 5,617 | 5,609 | -8 | 908,775 | 1,201,223 | +292,448 |
| FORTIVE CORP | 59,376 | 57,795 | -1,581 | 2,908,842 | 3,190,870 | +282,028 |
| PARKER-HANNIFIN CORP | 2,551 | 2,505 | -46 | 1,934,046 | 2,201,801 | +267,755 |
| GRAIL INC | 0 | 3,108 | +3,108 | 0 | 266,014 | +266,014 |
| GE VERNOVA INC | 11,265 | 11,000 | -265 | 6,926,854 | 7,189,269 | +262,415 |
| ISHARES TR | 0 | 2,337 | +2,337 | 0 | 250,315 | +250,315 |
| SALESFORCE INC | 8,972 | 8,958 | -14 | 2,126,364 | 2,373,070 | +246,706 |
| VANGUARD INTL EQUITY INDEX F | 110,797 | 110,812 | +15 | 7,907,586 | 8,151,330 | +243,744 |
| ISHARES TR | 17,821 | 20,280 | +2,459 | 1,786,569 | 2,025,567 | +238,998 |
| ILLUMINA INC | 0 | 1,802 | +1,802 | 0 | 236,350 | +236,350 |
| ISHARES TR | 137,641 | 137,975 | +334 | 16,355,931 | 16,581,901 | +225,970 |
| SPDR SERIES TRUST | 0 | 2,786 | +2,786 | 0 | 223,493 | +223,493 |
| SCHOLAR ROCK HLDG CORP | 0 | 5,000 | +5,000 | 0 | 220,250 | +220,250 |
| HALLIBURTON CO | 0 | 7,600 | +7,600 | 0 | 214,776 | +214,776 |
| MICRON TECHNOLOGY INC | 1,481 | 1,481 | 0 | 247,801 | 422,692 | +174,891 |
| AFFILIATED MANAGERS GROUP IN | 3,500 | 3,500 | 0 | 834,509 | 1,008,980 | +174,471 |
| EQUINIX INC | 24,414 | 25,179 | +765 | 19,122,002 | 19,291,132 | +169,130 |
| LINCOLN ELEC HLDGS INC | 215,364 | 212,640 | -2,724 | 50,789,347 | 50,957,049 | +167,702 |
| MCDONALDS CORP | 307,613 | 306,406 | -1,207 | 93,480,627 | 93,646,983 | +166,356 |
| TERADYNE INC | 2,955 | 2,955 | 0 | 406,726 | 571,970 | +165,244 |
| S&P GLOBAL INC | 4,434 | 4,429 | -5 | 2,158,073 | 2,314,552 | +156,479 |
| VANGUARD INDEX FDS | 9,821 | 10,474 | +653 | 2,884,821 | 3,039,767 | +154,946 |
| FORMFACTOR INC | 8,000 | 8,000 | 0 | 291,360 | 446,240 | +154,880 |
| SPDR S&P MIDCAP 400 ETF TR | 168,530 | 166,753 | -1,777 | 100,448,960 | 100,598,752 | +149,792 |
| ISHARES TR | 27,754 | 27,872 | +118 | 6,715,362 | 6,860,971 | +145,609 |
| HENRY JACK & ASSOC INC | 4,214 | 4,214 | 0 | 627,592 | 768,971 | +141,379 |
| US BANCORP DEL | 24,297 | 24,605 | +308 | 1,174,275 | 1,312,923 | +138,648 |
| PNC FINL SVCS GROUP INC | 8,741 | 9,069 | +328 | 1,756,329 | 1,892,973 | +136,644 |
| ICON PLC | 18,735 | 18,710 | -25 | 3,278,625 | 3,409,337 | +130,712 |