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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 10 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 INTU INTUIT Technology 4,765.0 $2.1M 0.03% -75.0 -1.6% $432.38 -29.0%
182 NOC NORTHROP GRUMMAN CORP Industrials 2,987.0 $2.0M 0.03% $682.24 -19.2%
183 PNC PNC FINL SVCS GROUP INC Financial Services 9,419.0 $2.0M 0.03% +350.0 +3.9% $208.09 +4.2%
184 FTSM FIRST TR EXCHANGE-TRADED FD 32,645.0 $2.0M 0.03% -2K -6.9% $59.78 +0.2%
185 CNI CANADIAN NATL RY CO Industrials 18,663.0 $1.9M 0.03% -220.0 -1.2% $102.77 +11.1%
186 SPGI S&P GLOBAL INC Financial Services 4,379.0 $1.9M 0.02% -50.0 -1.1% $425.34 -2.0%
187 TSLA TESLA INC Consumer Cyclical 4,881.0 $1.8M 0.02% $371.75 +12.2%
188 USMV ISHARES TR 19,116.0 $1.8M 0.02% $92.74 +3.6%
189 BLK BLACKROCK INC Financial Services 1,721.0 $1.7M 0.02% -19.0 -1.1% $961.71 +10.6%
190 BX BLACKSTONE INC Financial Services 14,227.0 $1.6M 0.02% -604.0 -4.1% $114.99 +3.1%
191 KMB KIMBERLY-CLARK CORP Consumer Defensive 16,341.0 $1.6M 0.02% -511.0 -3.0% $96.47 +2.3%
192 GLP GLOBAL PARTNERS LP Energy 37,420.0 $1.6M 0.02% $42.10 +19.4%
193 NBN NORTHEAST BK PORTLAND ME Financial Services 14,000.0 $1.6M 0.02% $112.37 +10.6%
194 WTS WATTS WATER TECHNOLOGIES INC Industrials 5,280.0 $1.5M 0.02% $290.29 +3.1%
195 VSS VANGUARD INTL EQUITY INDEX F 10,334.0 $1.5M 0.02% $145.79 +8.9%
196 GLD SPDR GOLD TR Financial Services 3,432.0 $1.5M 0.02% +830.0 +31.9% $430.29 -3.1%
197 DVY ISHARES TR 9,451.0 $1.4M 0.02% $151.41 +1.8%
198 GD GENERAL DYNAMICS CORP Industrials 4,083.0 $1.4M 0.02% -76.0 -1.8% $343.22 -1.3%
199 MAS MASCO CORP Industrials 23,149.0 $1.4M 0.02% -1K -4.1% $60.37 +11.2%
200 ALL ALLSTATE CORP Financial Services 6,639.0 $1.4M 0.02% +200.0 +3.1% $207.34 +3.4%
Page 10 of 19  ·  368 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%