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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 9  ·  167 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 INTU INTUIT Technology 4,765.0 $2.1M 0.03% -75.0 -1.6% $432.38 -29.0%
102 FTSM FIRST TR EXCHANGE-TRADED FD 32,645.0 $2.0M 0.03% -2K -6.9% $59.78 +0.2%
103 CNI CANADIAN NATL RY CO Industrials 18,663.0 $1.9M 0.03% -220.0 -1.2% $102.77 +11.1%
104 SPGI S&P GLOBAL INC Financial Services 4,379.0 $1.9M 0.02% -50.0 -1.1% $425.34 -2.0%
105 BLK BLACKROCK INC Financial Services 1,721.0 $1.7M 0.02% -19.0 -1.1% $961.71 +10.6%
106 BX BLACKSTONE INC Financial Services 14,227.0 $1.6M 0.02% -604.0 -4.1% $114.99 +3.1%
107 KMB KIMBERLY-CLARK CORP Consumer Defensive 16,341.0 $1.6M 0.02% -511.0 -3.0% $96.47 +2.3%
108 GD GENERAL DYNAMICS CORP Industrials 4,083.0 $1.4M 0.02% -76.0 -1.8% $343.22 -1.3%
109 MAS MASCO CORP Industrials 23,149.0 $1.4M 0.02% -1K -4.1% $60.37 +11.2%
110 WEC WEC ENERGY GROUP INC Utilities 11,648.0 $1.3M 0.02% -80.0 -0.7% $115.77 -4.4%
111 AMT AMERICAN TOWER CORP Real Estate 7,775.0 $1.3M 0.02% -101.0 -1.3% $172.58 +6.5%
112 CRM SALESFORCE INC Technology 6,965.0 $1.3M 0.02% -2K -22.2% $186.67 -5.6%
113 IWD ISHARES TR 5,895.0 $1.3M 0.02% -1K -17.5% $213.67 +9.8%
114 PSX PHILLIPS 66 Energy 6,707.0 $1.2M 0.02% -239.0 -3.4% $182.18 -1.6%
115 MO ALTRIA GROUP INC Consumer Defensive 18,423.0 $1.2M 0.02% -1K -7.0% $65.99 +11.7%
116 ETN EATON CORP PLC Industrials 3,349.0 $1.2M 0.01% -60.0 -1.8% $357.67 +6.7%
117 MRSH MARSH & MCLENNAN COS INC Financial Services 6,789.0 $1.2M 0.01% -55.0 -0.8% $173.45 -4.8%
118 WM WASTE MGMT INC DEL Industrials 4,979.0 $1.1M 0.01% -3K -39.9% $229.79 -4.4%
119 GM GENERAL MTRS CO Consumer Cyclical 15,202.0 $1.1M 0.01% -2K -12.3% $74.50 +3.6%
120 CVS CVS HEALTH CORP Healthcare 14,505.0 $1.0M 0.01% -3K -15.7% $71.82 +29.9%
Page 6 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%