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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 8 of 9  ·  167 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 STE STERIS PLC Healthcare 2,567.0 $568K 0.01% -219.0 -7.9% $221.13 -2.3%
142 UNH UNITEDHEALTH GROUP INC Healthcare 1,969.0 $533K 0.01% -1K -35.7% $270.59 +41.7%
143 TER TERADYNE INC Technology 1,705.0 $505K 0.01% -1K -42.3% $296.46 +16.2%
144 WAB WABTEC Industrials 2,014.0 $503K 0.01% -917.0 -31.3% $249.91 +3.7%
145 PLD PROLOGIS INC. Real Estate 3,717.0 $491K 0.01% -639.0 -14.7% $132.18 +9.5%
146 GWW WW GRAINGER INC Industrials 437.0 $477K 0.01% -5.0 -1.1% $1090.81 +13.6%
147 VGT VANGUARD WORLD FD 670.0 $467K 0.01% -25.0 -3.6% $697.72 -83.6%
148 NKE NIKE INC Consumer Cyclical 8,837.0 $467K 0.01% -593.0 -6.3% $52.82 -16.0%
149 ZBH ZIMMER BIOMET HOLDINGS INC Healthcare 5,076.0 $459K 0.01% -2K -25.4% $90.42 -5.6%
150 DCI DONALDSON INC Industrials 5,401.0 $458K 0.01% -564.0 -9.5% $84.87 -2.7%
151 MOAT VANECK ETF TRUST 4,464.0 $432K 0.01% -42.0 -0.9% $96.70 +4.7%
152 Q QNITY ELECTRONICS INC Technology 3,568.0 $412K 0.01% -173.0 -4.6% $115.38 +32.6%
153 SMBC SOUTHERN MO BANCORP INC Financial Services 6,000.0 $384K 0.01% -99.0 -1.6% $63.94 +7.2%
154 WMB WILLIAMS COS INC Energy 5,235.0 $381K 0.01% -350.0 -6.3% $72.78 +7.0%
155 FLOT ISHARES TR 7,350.0 $374K 0.01% -300.0 -3.9% $50.95 +0.1%
156 EME EMCOR GROUP INC Industrials 500.0 $369K 0.01% -119.0 -19.2% $738.31 +15.0%
157 ENTG ENTEGRIS INC Technology 3,015.0 $353K 0.01% -644.0 -17.6% $117.24 +12.1%
158 ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2,137.0 $336K 0.00% -12.0 -0.6% $157.28 -3.7%
159 DD DUPONT DE NEMOURS INC Basic Materials 7,140.0 $327K 0.00% -347.0 -4.6% $45.80 +2.9%
160 TAN INVESCO EXCH TRADED FD TR II 5,300.0 $295K 0.00% -2K -32.0% $55.71 +16.4%
Page 8 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%