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Portfolio (Quarterly) Guide ↗

Welch & Forbes LLC

· CIK 0000105495
13F Portfolio $8.3B AUM Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 374 New
Page 2 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 PG PROCTER AND GAMBLE CO Consumer Defensive 768,228.0 $110.1M 1.33% NEW $143.31 -0.6%
22 MDY SPDR S&P MIDCAP 400 ETF TR Financial Services 166,753.0 $100.6M 1.22% NEW $603.28 +10.3%
23 VRTX VERTEX PHARMACEUTICALS INC Healthcare 218,198.0 $98.9M 1.20% NEW $453.36 -5.1%
24 MCD MCDONALDS CORP Consumer Cyclical 306,406.0 $93.6M 1.14% NEW $305.63 -7.0%
25 ROP ROPER TECHNOLOGIES INC Industrials 194,463.0 $86.6M 1.05% NEW $445.13 -26.1%
26 META META PLATFORMS INC Communication Services 130,031.0 $85.8M 1.04% NEW $660.09 -8.0%
27 AMP AMERIPRISE FINL INC Financial Services 173,878.0 $85.3M 1.03% NEW $490.34 -8.1%
28 MTD METTLER TOLEDO INTERNATIONAL Healthcare 59,348.0 $82.7M 1.00% NEW $1394.19 -21.8%
29 AVGO BROADCOM INC Technology 229,576.0 $79.5M 0.96% NEW $346.10 +19.8%
30 ABT ABBOTT LABS Healthcare 631,911.0 $79.2M 0.96% NEW $125.29 -29.9%
31 RMD RESMED INC Healthcare 328,371.0 $79.1M 0.96% NEW $240.87 -12.9%
32 ABBV ABBVIE INC Healthcare 345,947.0 $79.0M 0.96% NEW $228.49 -6.1%
33 AJG GALLAGHER ARTHUR J & CO Financial Services 294,278.0 $76.2M 0.92% NEW $258.79 -19.9%
34 WSO WATSCO INC Industrials 210,718.0 $71.0M 0.86% NEW $336.95 +14.7%
35 CVX CHEVRON CORP NEW Energy 407,695.0 $62.1M 0.75% NEW $152.41 +25.3%
36 PEP PEPSICO INC Consumer Defensive 429,173.0 $61.6M 0.75% NEW $143.52 +3.7%
37 VEA VANGUARD TAX-MANAGED FDS 967,383.0 $60.4M 0.73% NEW $62.47 +13.2%
38 BERKSHIRE HATHAWAY INC DEL 118,631.0 $59.6M 0.72% NEW $502.65
39 WMT WALMART INC Consumer Defensive 535,229.0 $59.6M 0.72% NEW $111.41 +17.4%
40 ADP AUTOMATIC DATA PROCESSING IN Industrials 226,508.0 $58.3M 0.71% NEW $257.23 -14.4%
Page 2 of 19  ·  374 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 25.4%
Healthcare 17.6%
Financial Services 14.1%
Industrials 11.7%
Consumer Cyclical 11.1%
Communication Services 8.3%
Consumer Defensive 5.9%
Basic Materials 2.5%
Energy 1.5%
Utilities 1.0%