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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 6 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 SHW SHERWIN WILLIAMS CO Basic Materials 27,010.0 $8.7M 0.11% $320.55 +0.1%
102 VEU VANGUARD INTL EQUITY INDEX F 112,579.0 $8.5M 0.11% +2K +1.6% $75.10 +11.7%
103 ADI ANALOG DEVICES INC Technology 26,057.0 $8.3M 0.11% -350.0 -1.3% $318.14 +18.1%
104 DUK DUKE ENERGY CORP NEW Utilities 61,947.0 $8.1M 0.10% -1K -2.0% $130.94 -10.2%
105 CARR CARRIER GLOBAL CORPORATION Industrials 141,199.0 $8.0M 0.10% $56.31 -4.3%
106 IAU ISHARES GOLD TR Financial Services 86,883.0 $7.7M 0.10% $88.16 -6.7%
107 SBUX STARBUCKS CORP Consumer Cyclical 84,551.0 $7.6M 0.10% -6K -6.7% $89.59 +7.0%
108 MMM 3M CO Industrials 50,609.0 $7.3M 0.10% -488.0 -1.0% $145.23 +14.3%
109 PGR PROGRESSIVE CORP Financial Services 36,257.0 $7.2M 0.09% $198.24 +7.7%
110 AWK AMERICAN WTR WKS CO INC NEW Utilities 49,424.0 $6.7M 0.09% -274.0 -0.6% $136.09 -0.1%
111 HLN HALEON PLC Healthcare 643,501.0 $6.4M 0.08% $10.01 -7.3%
112 IWM ISHARES TR 25,603.0 $6.3M 0.08% -2K -8.1% $248.00 +14.6%
113 INTC INTEL CORP Technology 142,291.0 $6.3M 0.08% $44.13 +146.1%
114 MA MASTERCARD INCORPORATED Financial Services 12,353.0 $6.2M 0.08% -1K -9.5% $499.66 +13.1%
115 RPM RPM INTL INC Basic Materials 61,726.0 $6.1M 0.08% -3K -5.1% $99.40 -1.0%
116 LQD ISHARES TR 55,870.0 $6.1M 0.08% -677.0 -1.2% $108.99 -3.9%
117 BDX BECTON DICKINSON & CO Healthcare 37,926.0 $6.0M 0.08% -3K -7.9% $157.23 +15.1%
118 QQQ INVESCO QQQ TR Financial Services 10,091.0 $5.8M 0.07% +278.0 +2.8% $577.18 +25.0%
119 MDB MONGODB INC Technology 23,585.0 $5.8M 0.07% $244.77 +56.7%
120 VLO VALERO ENERGY CORP Energy 23,320.0 $5.8M 0.07% $247.08 +67.3%
Page 6 of 19  ·  368 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 24.2%
Healthcare 18.1%
Financial Services 14.3%
Industrials 12.7%
Consumer Cyclical 12.0%
Consumer Defensive 7.0%
Communication Services 3.8%
Basic Materials 2.9%
Energy 2.2%
Utilities 1.3%