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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 12 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 MKC MCCORMICK & CO INC Consumer Defensive 19,531.0 $985K 0.01% +2K +13.7% $50.44 -6.9%
222 VEEV VEEVA SYS INC Healthcare 5,595.0 $983K 0.01% -618.0 -9.9% $175.66 -6.1%
223 AMG AFFILIATED MANAGERS GROUP Financial Services 3,500.0 $968K 0.01% $276.70 +9.4%
224 ICLR ICON PLC Healthcare 8,605.0 $952K 0.01% -10K -54.0% $110.66 +5.3%
225 CPRT COPART INC Industrials 28,456.0 $945K 0.01% -4K -12.3% $33.20 +3.6%
226 MS MORGAN STANLEY Financial Services 5,657.0 $931K 0.01% -99.0 -1.7% $164.57 +21.8%
227 TFC TRUIST FINL CORP Financial Services 19,990.0 $919K 0.01% -518.0 -2.5% $45.97 +4.4%
228 CSX CSX CORP Industrials 22,185.0 $911K 0.01% -1K -5.0% $41.05 +11.8%
229 COF CAPITAL ONE FINL CORP Financial Services 4,942.0 $902K 0.01% -537.0 -9.8% $182.43 +2.3%
230 WCN WASTE CONNECTIONS INC Industrials 5,550.0 $902K 0.01% $162.44 -3.4%
231 BSM BLACK STONE MINERALS L P Energy 58,966.0 $892K 0.01% $15.12 -8.1%
232 BIV VANGUARD BD INDEX FDS 11,187.0 $863K 0.01% +254.0 +2.3% $77.18 -1.2%
233 IVW ISHARES TR 7,589.0 $858K 0.01% -178.0 -2.3% $113.11 +20.8%
234 WST WEST PHARMACEUTICAL SVSC INC Healthcare 3,413.0 $855K 0.01% +552.0 +19.3% $250.64 +21.9%
235 IJK ISHARES TR 8,373.0 $842K 0.01% $100.62 +10.2%
236 VTI VANGUARD INDEX FDS 2,603.0 $835K 0.01% +139.0 +5.6% $320.81 +13.8%
237 MDLZ MONDELEZ INTL INC Consumer Defensive 14,399.0 $830K 0.01% -404.0 -2.7% $57.64 +6.7%
238 BND VANGUARD BD INDEX FDS 10,756.0 $792K 0.01% -2K -16.4% $73.64 -1.0%
239 NVO NOVO-NORDISK A S Healthcare 21,297.0 $783K 0.01% -215.0 -1.0% $36.75 +20.8%
240 FORM FORMFACTOR INC Technology 8,000.0 $776K 0.01% $96.99 +32.0%
Page 12 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%