Total reported value
$7.7B
Reporting period: 2026-03-31 · Number of holdings: 368
Welch & Forbes LLC disclosed 368 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $7.7B and a quarterly turnover rate of 12.4%.
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Trim MSFT
-0.7% -$102.9M
Trim NVDA
-7.2% -$82.4M
Add JNJ
-1.9% $22.1M
Add COST
-0.6% $20.8M
Add CVX
-1.8% $20.7M
Trim ADBE
-84.0% -$23.3M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.98% | -0.56% | -7.22% | |
| 2 | AAPL | Apple INC | Stock-Tech | 5.51% | -0.10% | -1.31% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.35% | -0.16% | -1.22% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 4.22% | -0.98% | -0.66% | |
| 5 | ORLY | O'reilly Automotive INC | Stock-Consumer Disc | 3.38% | — | -1.31% | |
| 6 | V | Visa Inc-class A Shares | Stock-Financials | 2.81% | -0.27% | -0.85% | |
| 7 | RTX | Rtx CORP | Stock-Industrials | 2.73% | +0.23% | -2.55% | |
| 8 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.48% | -0.12% | -1.96% | |
| 9 | SYK | Stryker CORP | Stock-Healthcare | 2.16% | -0.02% | -0.67% | |
| 10 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 2.08% | +0.38% | -0.60% | |
| 11 | JNJ | Johnson & Johnson | Stock-Healthcare | 2.08% | +0.40% | -1.88% | |
| 12 | LLY | Eli Lilly & Co | Stock-Healthcare | 2.00% | -0.18% | +0.25% | |
| 13 | HD | Home Depot INC | Stock-Consumer Disc | 1.82% | +0.03% | +0.05% | |
| 14 | CB | Chubb Limited | Stock-Financials | 1.63% | — | -1.83% | |
| 15 | ECL | Ecolab INC | Stock-Materials | 1.62% | — | -0.36% | |
| 16 | TJX | Tjx Companies INC | Stock-Consumer Disc | 1.59% | — | -0.77% | |
| 17 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.53% | -0.04% | +0.85% | |
| 18 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.52% | -0.08% | -2.77% | |
| 19 | DHR | Danaher CORP | Stock-Healthcare | 1.50% | -0.22% | -1.02% | |
| 20 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.43% | — | -0.57% | |
| 21 | MDY | State Street Spdr S&p Midcap | ETF-Other | 1.29% | — | -3.12% | |
| 22 | VRTX | Vertex Pharmaceuticals INC | Stock-Healthcare | 1.27% | — | +0.67% | |
| 23 | IDXX | Idexx Laboratories INC | Stock-Healthcare | 1.22% | -0.16% | -0.06% | |
| 24 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.22% | — | -0.79% | |
| 25 | CVX | Chevron CORP | Stock-Energy | 1.07% | +0.32% | -1.76% | |
| 26 | AMP | Ameriprise Financial INC | Stock-Financials | 1.00% | -0.03% | -0.24% | |
| 27 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.99% | -0.05% | +3.03% | |
| 28 | WSO | Watsco INC | Stock-Industrials | 0.99% | +0.13% | -0.43% | |
| 29 | ABBV | Abbvie INC | Stock-Healthcare | 0.97% | — | -0.67% | |
| 30 | AVGO | Broadcom INC | Stock-Tech | 0.97% | — | +5.17% | |
| 31 | MTD | Mettler-toledo International | Stock-Healthcare | 0.96% | -0.04% | -0.91% | |
| 32 | RMD | Resmed INC | Stock-Healthcare | 0.95% | -0.01% | -0.60% | |
| 33 | IRM | Iron Mountain INC | Stock-Real Estate | 0.86% | +0.20% | -0.65% | |
| 34 | WMT | Walmart INC | Stock-Consumer Staples | 0.84% | +0.12% | -2.27% | |
| 35 | ABT | Abbott Laboratories | Stock-Healthcare | 0.84% | -0.12% | -0.33% | |
| 36 | PEP | Pepsico INC | Stock-Consumer Staples | 0.84% | — | -3.07% | |
| 37 | ROP | Roper Technologies INC | Stock-Tech | 0.82% | -0.23% | -7.38% | |
| 38 | AJG | Arthur J Gallagher & Co | Stock-Financials | 0.82% | -0.10% | -0.34% | |
| 39 | NEE | Nextera Energy INC | Stock-Utilities | 0.81% | +0.15% | -0.09% | |
| 40 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.80% | — | +0.31% | |
| 41 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.73% | — | -0.92% | |
| 42 | LECO | Lincoln Electric Holdings | Stock-Industrials | 0.68% | — | -1.29% | |
| 43 | LIN | Linde plc | Stock-Materials | 0.67% | +0.13% | +0.67% | |
| 44 | XYL | Xylem INC | Stock-Industrials | 0.64% | -0.02% | +2.99% | |
| 45 | CSCO | Cisco Systems INC | Stock-Tech | 0.64% | — | -1.39% | |
| 46 | XOM | Exxon Mobil CORP | Stock-Energy | 0.63% | +0.21% | -1.40% | |
| 47 | PANW | Palo Alto Networks INC | Stock-Tech | 0.62% | +0.10% | +28.21% | |
| 48 | LHX | L3harris Technologies INC | Stock-Industrials | 0.62% | +0.12% | -1.98% | |
| 49 | BAC | Bank Of America CORP | Stock-Financials | 0.62% | -0.04% | -1.35% | |
| 50 | CSL | Carlisle Cos INC | Stock-Industrials | 0.61% | — | +6.80% |
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+12.8%
Based on 74% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 368 | $7.7B | 12 | |
| 2025-12-31 | 374 | $8.3B | 11 | |
| 2025-09-30 | 383 | $8.3B | 21 | |
| 2025-06-30 | 372 | $8.0B | 0 | |
| 2025-03-31 | 370 | $7.6B | 100 | |
| 2024-12-31 | 379 | $7.8B | 0 | |
| 2024-09-30 | 373 | $7.9B | 0 | |
| 2024-06-30 | 366 | $7.5B | 0 | |
| 2024-03-31 | 378 | $7.3B | 0 | |
| 2023-12-31 | 366 | $6.6B | 0 | |
| 2023-09-30 | 367 | $6.0B | 0 | |
| 2023-06-30 | 375 | $6.3B | 0 | |
| 2023-03-31 | 365 | $5.9B | 0 | |
| 2022-12-31 | 368 | $5.6B | 0 | |
| 2022-09-30 | 425 | $5.1B | 0 | |
| 2022-06-30 | 434 | $5.5B | 0 | |
| 2022-03-31 | 446 | $6.3B | 0 | |
| 2021-12-31 | 445 | $6.7B | 0 | |
| 2021-09-30 | 444 | $6.0B | 0 | |
| 2021-06-30 | 445 | $5.9B | 100 | |
| 2021-03-31 | 442 | $5.4B | 9 | |
| 2020-12-31 | 439 | $5.1B | 12 | |
| 2020-09-30 | 404 | $4.6B | 12 | |
| 2020-06-30 | 397 | $4.3B | 24 | |
| 2020-03-31 | 380 | $3.6B | 24 | |
| 2019-12-31 | 404 | $4.5B | 10 | |
| 2019-09-30 | 401 | $4.2B | 8 | |
| 2019-06-30 | 398 | $4.1B | 9 | |
| 2019-03-31 | 399 | $4.0B | 14 | |
| 2018-12-31 | 390 | $3.5B | 19 | |
| 2018-09-30 | 417 | $4.2B | 11 | |
| 2018-06-30 | 415 | $3.9B | 11 | |
| 2018-03-31 | 411 | $3.9B | 16 | |
| 2017-12-31 | 382 | $3.7B | 15 | |
| 2017-09-30 | 380 | $3.8B | 10 | |
| 2017-06-30 | 389 | $3.6B | 8 | |
| 2017-03-31 | 391 | $3.5B | 11 | |
| 2016-12-31 | 387 | $3.3B | 24 | |
| 2016-09-30 | 321 | $2.9B | 25 | |
| 2016-06-30 | 354 | $3.3B | 9 | |
| 2016-03-31 | 358 | $3.2B | 10 | |
| 2015-12-31 | 344 | $3.1B | 15 | |
| 2015-09-30 | 343 | $3.0B | 13 | |
| 2015-06-30 | 348 | $3.2B | 10 | |
| 2015-03-31 | 331 | $3.3B | 13 | |
| 2014-12-31 | 344 | $3.4B | 12 | |
| 2014-09-30 | 349 | $3.3B | 13 | |
| 2014-06-30 | 330 | $3.2B | 14 | |
| 2014-03-31 | 335 | $3.2B | 10 | |
| 2013-12-31 | 356 | $3.2B | 13 | |
| 2013-09-30 | 363 | $3.0B | 9 | |
| 2013-06-30 | 344 | $2.8B | — |
Welch & Forbes LLC's most significant position changes for 2026-03-31: Sold out: Boston Scientific CORP (BSX); Trim: Microsoft CORP (MSFT) — shares -0.66%; Trim: Nvidia CORP (NVDA) — shares -7.22%; Trim: Johnson & Johnson (JNJ) — shares -1.88%; Trim: Costco Wholesale CORP (COST) — shares -0.60%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | JNJ | Johnson & Johnson | +0.4% | -1.88% | Trim |
| 2 | COST | Costco Wholesale CORP | +0.4% | -0.60% | Trim |
| 3 | CVX | Chevron CORP | +0.3% | -1.76% | Trim |
| 4 | RTX | Rtx CORP | +0.2% | -2.55% | Trim |
| 5 | XOM | Exxon Mobil CORP | +0.2% | -1.40% | Trim |
| 6 | IRM | Iron Mountain INC | +0.2% | -0.65% | Trim |
| 7 | NFLX | Netflix INC | +0.2% | +3464.49% | Add |
| 8 | NEE | Nextera Energy INC | +0.2% | -0.09% | Trim |
| 9 | LIN | Linde plc | +0.1% | +0.67% | Add |
| 10 | WSO | Watsco INC | +0.1% | -0.43% | Trim |
| 11 | LHX | L3harris Technologies INC | +0.1% | -1.98% | Trim |
| 12 | WMT | Walmart INC | +0.1% | -2.27% | Trim |
| 13 | EQIX | Equinix INC | +0.1% | +2.44% | Add |
| 14 | PANW | Palo Alto Networks INC | +0.1% | +28.21% | Add |
| 15 | VZ | Verizon Communications INC | +0.1% | -1.87% | Trim |
| 16 | HD | Home Depot INC | 0% | +0.05% | Add |
| 17 | RMD | Resmed INC | 0% | -0.60% | Trim |
| 18 | SYK | Stryker CORP | 0% | -0.67% | Trim |
| 19 | XYL | Xylem INC | 0% | +2.99% | Add |
| 20 | AMP | Ameriprise Financial INC | 0% | -0.24% | Trim |
| 21 | AMZN | Amazon.com INC | 0% | +0.85% | Add |
| 22 | MTD | Mettler-toledo International | 0% | -0.91% | Trim |
| 23 | BAC | Bank Of America CORP | 0% | -1.35% | Trim |
| 24 | META | Meta Platforms Inc-class A | -0.1% | +3.03% | Add |
| 25 | ORCL | Oracle CORP | -0.1% | +1.14% | Add |
| 26 | TMO | Thermo Fisher Scientific INC | -0.1% | -0.17% | Trim |
| 27 | SHOP | Shopify INC - Class A | -0.1% | +0.39% | Add |
| 28 | QCOM | Qualcomm INC | -0.1% | -1.27% | Trim |
| 29 | PAYX | Paychex INC | -0.1% | -1.73% | Trim |
| 30 | AXP | American Express Co | -0.1% | -6.28% | Trim |
| 31 | ACN | Accenture plc | -0.1% | -4.40% | Trim |
| 32 | GOOGL | Alphabet Inc-cl A | -0.1% | -2.77% | Trim |
| 33 | FISV | Fiserv INC | -0.1% | -9.15% | Trim |
| 34 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | -18.75% | Trim |
| 35 | AAPL | Apple INC | -0.1% | -1.31% | Trim |
| 36 | AJG | Arthur J Gallagher & Co | -0.1% | -0.34% | Trim |
| 37 | BKNG | Booking Holdings INC | -0.1% | +2.02% | Add |
| 38 | JPM | Jpmorgan Chase & Co | -0.1% | -1.96% | Trim |
| 39 | ABT | Abbott Laboratories | -0.1% | -0.33% | Trim |
| 40 | ADP | Automatic Data Processing | -0.1% | -1.12% | Trim |
| 41 | GOOG | Alphabet Inc-cl C | -0.2% | -1.22% | Trim |
| 42 | IDXX | Idexx Laboratories INC | -0.2% | -0.06% | Trim |
| 43 | LLY | Eli Lilly & Co | -0.2% | +0.25% | Add |
| 44 | DHR | Danaher CORP | -0.2% | -1.02% | Trim |
| 45 | ROP | Roper Technologies INC | -0.2% | -7.38% | Trim |
| 46 | V | Visa Inc-class A Shares | -0.3% | -0.85% | Trim |
| 47 | ADBE | Adobe INC | -0.3% | -83.97% | Trim |
| 48 | NVDA | Nvidia CORP | -0.6% | -7.22% | Trim |
| 49 | MSFT | Microsoft CORP | -1% | -0.66% | Trim |
| 50 | BSX | Boston Scientific CORP | — | EXIT | Sold out |
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