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Portfolio (Quarterly) Guide ↗

Welch & Forbes LLC

· CIK 0000105495
13F Portfolio $7.7B AUM 368 positions Filed May 1, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 9 New 61 Added 167 Reduced 15 Exited
Page 2 of 4  ·  61 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TIP ISHARES TR 49,047.0 $5.4M 0.07% +1K +2.9% $110.36 +0.0%
22 IJH ISHARES TR 78,706.0 $5.3M 0.07% +10K +14.3% $67.53 +8.0%
23 LMT LOCKHEED MARTIN CORP Industrials 7,450.0 $4.5M 0.06% +123.0 +1.7% $604.36 -13.5%
24 UNP UNION PAC CORP Industrials 17,549.0 $4.3M 0.06% +106.0 +0.6% $242.62 +9.6%
25 CHEF CHEFS WHSE INC Consumer Defensive 64,255.0 $3.8M 0.05% +11K +21.0% $59.45 +31.3%
26 PM PHILIP MORRIS INTL INC Consumer Defensive 19,571.0 $3.2M 0.04% +299.0 +1.6% $165.34 +14.1%
27 VOO VANGUARD INDEX FDS 5,320.0 $3.2M 0.04% +109.0 +2.1% $597.55 +14.3%
28 IGSB ISHARES TR 60,258.0 $3.2M 0.04% +1K +2.2% $52.56 -0.5%
29 FAST FASTENAL CO Industrials 67,259.0 $3.1M 0.04% +1K +1.6% $46.40 -6.2%
30 AGG ISHARES TR 28,450.0 $2.8M 0.04% +8K +40.3% $99.27 -0.9%
31 HUBB HUBBELL INC Industrials 5,087.0 $2.5M 0.03% +60.0 +1.2% $490.74 -6.1%
32 PH PARKER-HANNIFIN CORP Industrials 2,614.0 $2.3M 0.03% +109.0 +4.3% $895.24 -4.0%
33 WAT WATERS CORP Healthcare 7,601.0 $2.3M 0.03% +4K +103.3% $297.80 +14.6%
34 IEFA ISHARES TR 24,092.0 $2.2M 0.03% +10K +68.5% $90.53 +7.5%
35 PNC PNC FINL SVCS GROUP INC Financial Services 9,419.0 $2.0M 0.03% +350.0 +3.9% $208.09 +4.2%
36 GLD SPDR GOLD TR Financial Services 3,432.0 $1.5M 0.02% +830.0 +31.9% $430.29 -3.1%
37 ALL ALLSTATE CORP Financial Services 6,639.0 $1.4M 0.02% +200.0 +3.1% $207.34 +3.4%
38 GS GOLDMAN SACHS GROUP INC Financial Services 1,589.0 $1.3M 0.02% +159.0 +11.1% $845.99 +16.8%
39 EEM ISHARES TR 22,345.0 $1.3M 0.02% +7K +44.8% $56.79 +16.3%
40 AMD ADVANCED MICRO DEVICES INC Technology 5,769.0 $1.2M 0.01% +160.0 +2.9% $203.43 +121.0%
Page 2 of 4  ·  61 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 23.1%
Healthcare 17.3%
Financial Services 13.6%
Industrials 12.1%
Consumer Cyclical 11.5%
Communication Services 8.2%
Consumer Defensive 6.7%
Basic Materials 2.8%
Energy 2.1%
Utilities 1.3%