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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 11 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 WEC WEC ENERGY GROUP INC Utilities 11,648.0 $1.3M 0.02% -80.0 -0.7% $115.77 -4.4%
202 GS GOLDMAN SACHS GROUP INC Financial Services 1,589.0 $1.3M 0.02% +159.0 +11.1% $845.99 +16.8%
203 AMT AMERICAN TOWER CORP Real Estate 7,775.0 $1.3M 0.02% -101.0 -1.3% $172.58 +6.5%
204 CRM SALESFORCE INC Technology 6,965.0 $1.3M 0.02% -2K -22.2% $186.67 -5.6%
205 USB US BANCORP Financial Services 24,605.0 $1.3M 0.02% $52.01 +4.8%
206 EEM ISHARES TR 22,345.0 $1.3M 0.02% +7K +44.8% $56.79 +16.3%
207 IWD ISHARES TR 5,895.0 $1.3M 0.02% -1K -17.5% $213.67 +9.8%
208 HTD HANCOCK JOHN TAX-ADVANTAGED Financial Services 50,000.0 $1.2M 0.02% $24.77 +1.9%
209 PSX PHILLIPS 66 Energy 6,707.0 $1.2M 0.02% -239.0 -3.4% $182.18 -1.6%
210 MO ALTRIA GROUP INC Consumer Defensive 18,423.0 $1.2M 0.02% -1K -7.0% $65.99 +11.7%
211 ETN EATON CORP PLC Industrials 3,349.0 $1.2M 0.01% -60.0 -1.8% $357.67 +6.7%
212 CEF SPROTT ASSET MANAGEMENT LP Financial Services 25,100.0 $1.2M 0.01% $47.72 +0.5%
213 MRSH MARSH & MCLENNAN COS INC Financial Services 6,789.0 $1.2M 0.01% -55.0 -0.8% $173.45 -4.8%
214 AMD ADVANCED MICRO DEVICES INC Technology 5,769.0 $1.2M 0.01% +160.0 +2.9% $203.43 +121.0%
215 WM WASTE MGMT INC DEL Industrials 4,979.0 $1.1M 0.01% -3K -39.9% $229.79 -4.4%
216 GM GENERAL MTRS CO Consumer Cyclical 15,202.0 $1.1M 0.01% -2K -12.3% $74.50 +3.6%
217 EPD ENTERPRISE PRODS PARTNERS L Energy 29,295.0 $1.1M 0.01% NEW $37.84 +4.3%
218 XLK SELECT SECTOR SPDR TR 8,130.0 $1.1M 0.01% +402.0 +5.2% $132.90 +34.4%
219 CVS CVS HEALTH CORP Healthcare 14,505.0 $1.0M 0.01% -3K -15.7% $71.82 +29.9%
220 ASML ASML HLDG NV Technology 761.0 $1.0M 0.01% +11.0 +1.5% $1320.83 +20.5%
Page 11 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%