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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 7 of 9  ·  167 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 VEEV VEEVA SYS INC Healthcare 5,595.0 $983K 0.01% -618.0 -9.9% $175.66 -6.1%
122 ICLR ICON PLC Healthcare 8,605.0 $952K 0.01% -10K -54.0% $110.66 +5.3%
123 CPRT COPART INC Industrials 28,456.0 $945K 0.01% -4K -12.3% $33.20 +3.6%
124 MS MORGAN STANLEY Financial Services 5,657.0 $931K 0.01% -99.0 -1.7% $164.57 +21.8%
125 TFC TRUIST FINL CORP Financial Services 19,990.0 $919K 0.01% -518.0 -2.5% $45.97 +4.4%
126 CSX CSX CORP Industrials 22,185.0 $911K 0.01% -1K -5.0% $41.05 +11.8%
127 COF CAPITAL ONE FINL CORP Financial Services 4,942.0 $902K 0.01% -537.0 -9.8% $182.43 +2.3%
128 IVW ISHARES TR 7,589.0 $858K 0.01% -178.0 -2.3% $113.11 +20.8%
129 MDLZ MONDELEZ INTL INC Consumer Defensive 14,399.0 $830K 0.01% -404.0 -2.7% $57.64 +6.7%
130 BND VANGUARD BD INDEX FDS 10,756.0 $792K 0.01% -2K -16.4% $73.64 -1.0%
131 NVO NOVO-NORDISK A S Healthcare 21,297.0 $783K 0.01% -215.0 -1.0% $36.75 +20.8%
132 UNILEVER PLC 13,274.0 $756K 0.01% -138.0 -1.0% $56.97
133 VLTO VERALTO CORP Industrials 8,378.0 $741K 0.01% -5K -39.0% $88.42 -2.5%
134 SHEL SHELL PLC Energy 7,753.0 $721K 0.01% -83.0 -1.1% $93.00 -6.8%
135 JKHY HENRY JACK & ASSOC INC Technology 4,164.0 $658K 0.01% -50.0 -1.2% $158.04 -11.7%
136 CTVA CORTEVA INC Basic Materials 7,666.0 $642K 0.01% -339.0 -4.2% $83.71 -5.6%
137 SO SOUTHERN CO Utilities 6,316.0 $610K 0.01% -204.0 -3.1% $96.52 -3.0%
138 PHO INVESCO EXCHANGE TRADED FD T 9,100.0 $608K 0.01% -1K -12.5% $66.86 -2.9%
139 RALLIANT CORP 14,436.0 $600K 0.01% -5K -24.9% $41.59
140 AEP AMERICAN ELEC PWR CO INC Utilities 4,405.0 $577K 0.01% -100.0 -2.2% $131.08 -1.1%
Page 7 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%