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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 4 of 9  ·  167 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 SNPS SYNOPSYS INC Technology 33,491.0 $13.3M 0.17% -2K -5.8% $396.48 +25.8%
62 IBM INTERNATIONAL BUSINESS MACHS Technology 53,445.0 $13.0M 0.17% -466.0 -0.9% $242.39 +4.4%
63 IVV ISHARES TR 17,064.0 $11.1M 0.14% -1K -7.0% $653.21 +14.2%
64 PFE PFIZER INC Healthcare 346,584.0 $9.7M 0.13% -9K -2.5% $28.08 -7.6%
65 APD AIR PRODUCTS AND CHEMICALS I Basic Materials 33,262.0 $9.7M 0.12% -250.0 -0.8% $290.49 -0.1%
66 NVS NOVARTIS AG Healthcare 57,626.0 $8.8M 0.11% -3K -5.7% $152.75 -0.6%
67 ADI ANALOG DEVICES INC Technology 26,057.0 $8.3M 0.11% -350.0 -1.3% $318.14 +20.8%
68 DUK DUKE ENERGY CORP NEW Utilities 61,947.0 $8.1M 0.10% -1K -2.0% $130.94 -4.8%
69 SBUX STARBUCKS CORP Consumer Cyclical 84,551.0 $7.6M 0.10% -6K -6.7% $89.59 +18.9%
70 MMM 3M CO Industrials 50,609.0 $7.3M 0.10% -488.0 -1.0% $145.23 +4.4%
71 AWK AMERICAN WTR WKS CO INC NEW Utilities 49,424.0 $6.7M 0.09% -274.0 -0.6% $136.09 -9.0%
72 IWM ISHARES TR 25,603.0 $6.3M 0.08% -2K -8.1% $248.00 +13.9%
73 MA MASTERCARD INCORPORATED Financial Services 12,353.0 $6.2M 0.08% -1K -9.5% $499.66 -0.0%
74 RPM RPM INTL INC Basic Materials 61,726.0 $6.1M 0.08% -3K -5.1% $99.40 -0.9%
75 LQD ISHARES TR 55,870.0 $6.1M 0.08% -677.0 -1.2% $108.99 -0.8%
76 BDX BECTON DICKINSON & CO Healthcare 37,926.0 $6.0M 0.08% -3K -7.9% $157.23 -7.0%
77 BSV VANGUARD BD INDEX FDS 57,819.0 $4.5M 0.06% -1K -2.0% $78.41 -0.7%
78 CMCSA COMCAST CORP NEW Communication Services 157,713.0 $4.5M 0.06% -97K -38.0% $28.71 -12.6%
79 OEF ISHARES TR 13,187.0 $4.2M 0.05% -1K -7.2% $318.07 +16.4%
80 UPS UNITED PARCEL SVCS INC Industrials 41,251.0 $4.1M 0.05% -599.0 -1.4% $98.38 +0.5%
Page 4 of 9  ·  167 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%