Welch & Forbes LLC Portfolio Holdings

Welch & Forbes LLC

$7.89 Billion
Q2 2025

Welch & Forbes LLC has filed its 13F form on August 04, 2025 for Q2 2025 where it was disclosed a total value porftolio of $7.89 Billion distributed in 372 stocks.

Among their holdings, we can observe that their the top five positions include companies like: Nvidia Corp with a value of $559M, Microsoft Corp with a value of $447M, Apple Inc. with a value of $356M, O Reilly Automotive Inc with a value of $266M, and Visa Inc. with a value of $260M.

Examining the 13F form we can see an increase of $401M in the current position value, from $7.48B to 7.89B.

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

Portfolio value $7.89 Billion

Technology: $1.98 Billion

Healthcare: $1.22 Billion

Financial Services: $1.01 Billion

Industrials: $956 Million

Consumer Cyclical: $896 Million

Consumer Defensive: $516 Million

Communication Services: $459 Million

ETFs: $418 Million

Other: $424 Million

Stock Holdings Table

Stock	Market Cap.	Holding Value (Reported)	# of Shares.	Last Trade
NEE Nextera Energy Inc Utilities	$167B	$46.3 Million 0.59% of portfolio	667,412	Q2 2025 Added 11.24%
CSCO Cisco Systems, Inc. Technology	$284B	$45.3 Million 0.57% of portfolio	652,563	Q2 2025 Reduced 0.16%
LECO Lincoln Electric Holdings Inc Industrials	$13.8B	$44.7 Million 0.57% of portfolio	215,456	Q2 2025 Added 2.17%
CTAS Cintas Corp Industrials	$18.7B	$43.1 Million 0.55% of portfolio	193,241	Q2 2025 Added 0.39%
CHD Church & Dwight CO Inc Consumer Defensive	$21.2B	$43.1 Million 0.55% of portfolio	448,473	Q2 2025 Reduced 0.23%
ADBE Adobe Inc. Technology	$153B	$40.1 Million 0.51% of portfolio	103,667	Q2 2025 Reduced 12.34%
EMLP First Tr Exchange Traded Iv ETFs	$0	$39.9 Million 0.51% of portfolio	1,063,563	Q2 2025 Reduced 0.12%
AOS Smith A O Corp Industrials	$8.8B	$39.1 Million 0.5% of portfolio	596,244	Q2 2025 Added 0.55%
TMO Thermo Fisher Scientific Inc. Healthcare	$210B	$36.9 Million 0.47% of portfolio	91,114	Q2 2025 Reduced 0.71%
ACN Accenture PLC Technology	$147B	$36.6 Million 0.46% of portfolio	122,521	Q2 2025 Reduced 0.2%
LHX L3 Harris Technologies, Inc. Industrials	$54.4B	$35.8 Million 0.45% of portfolio	142,889	Q2 2025 Added 0.91%
AFL Aflac Inc Financial Services	$67.4B	$35.2 Million 0.45% of portfolio	333,302	Q2 2025 Reduced 2.38%
XOM Exxon Mobil Corp Energy	$461B	$33.1 Million 0.42% of portfolio	306,896	Q2 2025 Reduced 0.46%
FTSL First Trust Senior Ln Fund ETFs	$0	$31.3 Million 0.4% of portfolio	682,178	Q2 2025 Added 3.31%
VZ Verizon Communications Inc Communication Services	$170B	$31.5 Million 0.4% of portfolio	727,059	Q2 2025 Added 0.16%
DOV Dover Corp Industrials	$23.3B	$29.1 Million 0.37% of portfolio	158,550	Q2 2025 Reduced 1.53%
AXP American Express CO Financial Services	$241B	$28.3 Million 0.36% of portfolio	88,793	Q2 2025 Reduced 0.96%
TSCO Tractor Supply CO Consumer Cyclical	$6.12B	$25.8 Million 0.33% of portfolio	488,188	Q2 2025 Added 0.29%
MRK Merck & Co., Inc. Healthcare	$213B	$26.3 Million 0.33% of portfolio	331,608	Q2 2025 Reduced 1.76%
ORCL Oracle Corp Technology	$844B	$25.5 Million 0.32% of portfolio	116,838	Q2 2025 Added 2.2%
SPY Spdr S&P 500 ETF Trust ETFs	$0	$25.2 Million 0.32% of portfolio	40,816	Q2 2025 Reduced 3.8%
OTIS Otis Worldwide Corp Industrials	$37.8B	$25.5 Million 0.32% of portfolio	257,312	Q2 2025 Reduced 2.51%
MCO Moodys Corp Financial Services	$85.8B	$24.6 Million 0.31% of portfolio	49,106	Q2 2025 Added 0.49%
QCOM Qualcomm Inc Technology	$184B	$22.8 Million 0.29% of portfolio	143,438	Q2 2025 Reduced 0.31%
PFF Ishares Trust Ishares Pfd And ETFs	$0	$20.4 Million 0.26% of portfolio	666,320	Q2 2025 Reduced 0.81%
KO Coca Cola CO Consumer Defensive	$292B	$20.7 Million 0.26% of portfolio	293,130	Q2 2025 Reduced 0.97%
OMC Omnicom Group Inc. Communication Services	$15.7B	$19 Million 0.24% of portfolio	264,498	Q2 2025 Reduced 2.94%
IBM International Business Machines Corp Technology	$247B	$17.4 Million 0.22% of portfolio	59,159	Q2 2025 Reduced 1.41%
SHOP Shopify Inc. Technology	$186B	$16.9 Million 0.21% of portfolio	146,116	Q2 2025 Added 1.75%
EQIX Equinix Inc Real Estate	$74B	$16.3 Million 0.21% of portfolio	20,470	Q2 2025 Added 6.98%
CMCSA Comcast Corp Communication Services	$129B	$16.9 Million 0.21% of portfolio	474,658	Q2 2025 Reduced 39.78%
EMR Emerson Electric CO Industrials	$76.2B	$15.6 Million 0.2% of portfolio	117,348	Q2 2025 Reduced 2.93%
CMI Cummins Inc Industrials	$59.6B	$14.8 Million 0.19% of portfolio	45,115	Q2 2025 Reduced 1.47%
IJR Ishares Core S&P Sm Cap ETF ETFs	$0	$14.1 Million 0.18% of portfolio	129,280	Q2 2025 Added 31.32%
EW Edwards Lifesciences Corp Healthcare	$44.9B	$14.5 Million 0.18% of portfolio	185,809	Q2 2025 Reduced 12.87%
LANC Lancaster Colony Corp Consumer Defensive	$5B	$13.2 Million 0.17% of portfolio	76,432	Q2 2025 Reduced 0.69%
GDX Vaneck ETF Tr Gold Miners ETF ETFs	$0	$12.5 Million 0.16% of portfolio	239,936	Q2 2025 Reduced 0.9%
EXPD Expeditors International Of Washington Inc Industrials	$19.3B	$11.8 Million 0.15% of portfolio	103,072	Q2 2025 Reduced 0.6%
GE General Electric CO Industrials	$328B	$12.1 Million 0.15% of portfolio	47,009	Q2 2025 Reduced 2.83%
BSX Boston Scientific Corp Healthcare	$140B	$12.2 Million 0.15% of portfolio	113,441	Q2 2025 Added 1.02%
IVV Ishares Core S&P 500 ETF ETFs	$0	$10.8 Million 0.14% of portfolio	17,366	Q2 2025 Added 0.63%
CGNX Cognex Corp Technology	$8.03B	$10.9 Million 0.14% of portfolio	344,265	Q2 2025 Added 4.21%
CARR Carrier Global Corp Industrials	$47.5B	$10.5 Million 0.13% of portfolio	143,838	Q2 2025 Reduced 2.3%
PGR Progressive Corp Financial Services	$130B	$10 Million 0.13% of portfolio	37,483	Q2 2025 Reduced 3.87%
SHW Sherwin Williams CO Basic Materials	$85.9B	$9.47 Million 0.12% of portfolio	27,589	Q2 2025 Reduced 2.73%
SBUX Starbucks Corp Consumer Cyclical	$95.1B	$9.79 Million 0.12% of portfolio	106,842	Q2 2025 Reduced 3.26%
APD Air Products & Chemicals, Inc. Basic Materials	$56.2B	$9.61 Million 0.12% of portfolio	34,074	Q2 2025 Reduced 6.71%
PFE Pfizer Inc Healthcare	$136B	$9.11 Million 0.12% of portfolio	375,829	Q2 2025 Reduced 9.89%
BDX Becton Dickinson & CO Healthcare	$52.8B	$8.59 Million 0.11% of portfolio	49,886	Q2 2025 Reduced 11.41%
BALL Ball Corp Consumer Cyclical	$15B	$9.01 Million 0.11% of portfolio	160,551	Q2 2025 Reduced 32.26%

Summary

Portfolio
No. of Stocks 372
Current Value $7.89 Billion
Prior Value $7.48 Billion
Filing
Period Q2 2025
Filing Date August 04, 2025
Form Type 13F-HR
Activity in Q2 2025
New Purchases 14 stocks
Additional Purchases 94 stocks
Sold out of 0 stocks
Reduced holdings in 182 stocks

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