Welch & Forbes LLC Portfolio Holdings

Welch & Forbes LLC

$7.48 Billion
Q1 2025

Welch & Forbes LLC has filed its 13F form on May 02, 2025 for Q1 2025 where it was disclosed a total value porftolio of $7.48 Billion distributed in 370 stocks.

Among their holdings, we can observe that their the top five positions include companies like: Nvidia Corp with a value of $390M, Apple Inc. with a value of $387M, Microsoft Corp with a value of $339M, O Reilly Automotive Inc with a value of $284M, and Visa Inc. with a value of $259M.

Examining the 13F form we can see an decrease of $154M in the current position value, from $7.64B to 7.48B.

Below you can find more details about Welch & Forbes LLC portfolio as well as his latest detailed transactions.

Portfolio value $7.48 Billion

Technology: $1.66 Billion

Healthcare: $1.23 Billion

Financial Services: $987 Million

Industrials: $925 Million

Consumer Cyclical: $908 Million

Consumer Defensive: $541 Million

Communication Services: $418 Million

ETFs: $392 Million

Other: $418 Million

Stock Holdings Table

Stock	Market Cap.	Holding Value (Reported)	# of Shares.	Last Trade
CSCO Cisco Systems, Inc. Technology	$264B	$40.3 Million 0.54% of portfolio	653,597	Q1 2025 Added 2.32%
CSL Carlisle Companies Inc Industrials	$19.6B	$40.2 Million 0.54% of portfolio	118,051	Q1 2025 Added 26.6%
CTAS Cintas Corp Industrials	$23.1B	$39.6 Million 0.53% of portfolio	192,496	Q1 2025 Reduced 0.28%
EMLP First Tr Exchange Traded Iv ETFs	$0	$39.9 Million 0.53% of portfolio	1,064,865	Q1 2025 Reduced 1.07%
LECO Lincoln Electric Holdings Inc Industrials	$11.3B	$39.9 Million 0.53% of portfolio	210,889	Q1 2025 Added 3.49%
AOS Smith A O Corp Industrials	$8.12B	$38.8 Million 0.52% of portfolio	592,981	Q1 2025 Added 4.29%
BKNG Booking Holdings Inc. Consumer Cyclical	$217B	$39.1 Million 0.52% of portfolio	8,480	Q1 2025 Reduced 0.76%
AFL Aflac Inc Financial Services	$65.8B	$38 Million 0.51% of portfolio	341,424	Q1 2025 Reduced 3.98%
ACN Accenture PLC Technology	$197B	$38.3 Million 0.51% of portfolio	122,763	Q1 2025 Added 1.1%
XOM Exxon Mobil Corp Energy	$433B	$36.7 Million 0.49% of portfolio	308,300	Q1 2025 Reduced 1.65%
NOW Service Now, Inc. Technology	$204B	$34.1 Million 0.46% of portfolio	42,869	Q1 2025 Added 92.64%
VZ Verizon Communications Inc Communication Services	$184B	$32.9 Million 0.44% of portfolio	725,890	Q1 2025 Reduced 0.98%
LHX L3 Harris Technologies, Inc. Industrials	$46.5B	$29.6 Million 0.4% of portfolio	141,606	Q1 2025 Added 2.51%
MRK Merck & Co., Inc. Healthcare	$195B	$30.3 Million 0.4% of portfolio	337,558	Q1 2025 Reduced 6.36%
FTSL First Trust Senior Ln Fund ETFs	$0	$30.1 Million 0.4% of portfolio	660,334	Q1 2025 Added 4.27%
CMCSA Comcast Corp Communication Services	$153B	$29.1 Million 0.39% of portfolio	788,166	Q1 2025 Reduced 31.41%
AVGO Broadcom Inc. Technology	$104B	$29.2 Million 0.39% of portfolio	174,158	Q1 2025 Added 23.1%
DOV Dover Corp Industrials	$25B	$28.3 Million 0.38% of portfolio	161,013	Q1 2025 Reduced 0.2%
TSCO Tractor Supply CO Consumer Cyclical	$5.44B	$26.8 Million 0.36% of portfolio	486,771	Q1 2025 Added 0.38%
OTIS Otis Worldwide Corp Industrials	$39.5B	$27.2 Million 0.36% of portfolio	263,943	Q1 2025 Reduced 4.9%
SPY Spdr S&P 500 ETF Trust ETFs	$0	$23.7 Million 0.32% of portfolio	42,427	Q1 2025 Reduced 8.67%
AXP American Express CO Financial Services	$222B	$24.1 Million 0.32% of portfolio	89,654	Q1 2025 Reduced 0.24%
MCO Moodys Corp Financial Services	$88.3B	$22.8 Million 0.3% of portfolio	48,865	Q1 2025 Added 1.26%
QCOM Qualcomm Inc Technology	$167B	$22.1 Million 0.3% of portfolio	143,882	Q1 2025 Reduced 1.05%
OMC Omnicom Group Inc. Communication Services	$14.6B	$22.6 Million 0.3% of portfolio	272,500	Q1 2025 Reduced 4.17%
KO Coca Cola CO Consumer Defensive	$308B	$21.2 Million 0.28% of portfolio	296,014	Q1 2025 Reduced 1.2%
PFF Ishares Trust Ishares Pfd And ETFs	$0	$20.6 Million 0.28% of portfolio	671,729	Q1 2025 Added 2.77%
EQIX Equinix Inc Real Estate	$81.5B	$15.6 Million 0.21% of portfolio	19,135	Q1 2025 Added 6.31%
ORCL Oracle Corp Technology	$456B	$16 Million 0.21% of portfolio	114,319	Q1 2025 Added 0.37%
EW Edwards Lifesciences Corp Healthcare	$48.1B	$15.5 Million 0.21% of portfolio	213,247	Q1 2025 Reduced 8.76%
IBM International Business Machines Corp Technology	$238B	$14.9 Million 0.2% of portfolio	60,008	Q1 2025 Reduced 2.4%
CMI Cummins Inc Industrials	$45.7B	$14.4 Million 0.19% of portfolio	45,788	Q1 2025 Reduced 0.31%
SHOP Shopify Inc. Technology	$125B	$13.7 Million 0.18% of portfolio	143,601	Q1 2025 Added 15.29%
EMR Emerson Electric CO Industrials	$71.2B	$13.3 Million 0.18% of portfolio	120,896	Q1 2025 Reduced 2.87%
LANC Lancaster Colony Corp Consumer Defensive	$4.66B	$13.5 Million 0.18% of portfolio	76,961	Q1 2025 Reduced 0.53%
EXPD Expeditors International Of Washington Inc Industrials	$18.3B	$12.5 Million 0.17% of portfolio	103,697	Q1 2025 Reduced 1.67%
BDX Becton Dickinson & CO Healthcare	$48.7B	$12.9 Million 0.17% of portfolio	56,311	Q1 2025 Reduced 9.72%
BALL Ball Corp Consumer Cyclical	$16.8B	$12.3 Million 0.16% of portfolio	237,010	Q1 2025 Reduced 16.6%
PGR Progressive Corp Financial Services	$168B	$11 Million 0.15% of portfolio	38,992	Q1 2025 Reduced 0.14%
BSX Boston Scientific Corp Healthcare	$148B	$11.3 Million 0.15% of portfolio	112,292	Q1 2025 Reduced 23.33%
GDX Vaneck ETF Tr Gold Miners ETF ETFs	$0	$11.1 Million 0.15% of portfolio	242,121	Q1 2025 Added 4.86%
PFE Pfizer Inc Healthcare	$131B	$10.6 Million 0.14% of portfolio	417,057	Q1 2025 Reduced 2.03%
IJR Ishares Core S&P Sm Cap ETF ETFs	$0	$10.3 Million 0.14% of portfolio	98,450	Q1 2025 Added 83.98%
SBUX Starbucks Corp Consumer Cyclical	$99.4B	$10.8 Million 0.14% of portfolio	110,443	Q1 2025 Reduced 3.22%
APD Air Products & Chemicals, Inc. Basic Materials	$62.8B	$10.8 Million 0.14% of portfolio	36,525	Q1 2025 Added 0.09%
GE General Electric CO Industrials	$272B	$9.68 Million 0.13% of portfolio	48,376	Q1 2025 Added 4.0%
IVV Ishares Core S&P 500 ETF ETFs	$0	$9.7 Million 0.13% of portfolio	17,258	Q1 2025 Reduced 6.87%
SHW Sherwin Williams CO Basic Materials	$92.7B	$9.9 Million 0.13% of portfolio	28,363	Q1 2025 Reduced 1.16%
CGNX Cognex Corp Technology	$5.29B	$9.85 Million 0.13% of portfolio	330,342	Q1 2025 Added 1.56%
CARR Carrier Global Corp Industrials	$59.2B	$9.33 Million 0.12% of portfolio	147,219	Q1 2025 Reduced 0.34%

Summary

Portfolio
No. of Stocks 370
Current Value $7.48 Billion
Prior Value $7.64 Billion
Filing
Period Q1 2025
Filing Date May 02, 2025
Form Type 13F-HR
Activity in Q1 2025
New Purchases 10 stocks
Additional Purchases 90 stocks
Sold out of 0 stocks
Reduced holdings in 193 stocks

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