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Portfolio (Quarterly) Guide ↗

Welch & Forbes LLC

· CIK 0000105495
13F Portfolio $8.3B AUM Filed Feb 10, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 374 New
Page 13 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 ASML ASML HOLDING N V Technology 750.0 $802K 0.01% NEW $1069.86 +48.8%
242 MDLZ MONDELEZ INTL INC Consumer Defensive 14,803.0 $797K 0.01% NEW $53.83 +14.2%
243 WST WEST PHARMACEUTICAL SVSC INC Healthcare 2,861.0 $787K 0.01% NEW $275.14 +11.0%
244 BSM BLACK STONE MINERALS L P Energy 58,966.0 $784K 0.01% NEW $13.29 +4.6%
245 JKHY HENRY JACK & ASSOC INC Technology 4,214.0 $769K 0.01% NEW $182.48 -23.5%
246 TRV TRAVELERS COMPANIES INC Financial Services 2,611.0 $757K 0.01% NEW $290.06 +5.8%
247 BERKSHIRE HATHAWAY INC DEL 1.0 $755K 0.01% NEW $754800.00
248 KKR KKR & CO INC Financial Services 5,781.0 $737K 0.01% NEW $127.48 -25.7%
249 PHO INVESCO EXCHANGE TRADED FD T 10,400.0 $732K 0.01% NEW $70.41 -7.8%
250 STE STERIS PLC Healthcare 2,786.0 $706K 0.01% NEW $253.52 -14.8%
251 NEM NEWMONT CORP Basic Materials 6,790.0 $678K 0.01% NEW $99.85 +8.5%
252 IWN ISHARES TR 3,675.0 $666K 0.01% NEW $181.21 +15.8%
253 HIG HARTFORD INSURANCE GROUP INC Financial Services 4,766.0 $657K 0.01% NEW $137.80 -1.3%
254 IT GARTNER INC Technology 2,600.0 $656K 0.01% NEW $252.28 -37.7%
255 PHYS SPROTT ASSET MANAGEMENT LP Financial Services 19,550.0 $646K 0.01% NEW $33.02 +4.1%
256 VHT VANGUARD WORLD FD 2,231.0 $642K 0.01% NEW $287.85 -3.9%
257 HSY HERSHEY CO Consumer Defensive 3,500.0 $637K 0.01% NEW $181.98 +4.6%
258 WAB WABTEC Industrials 2,931.0 $626K 0.01% NEW $213.45 +21.4%
259 ZBH ZIMMER BIOMET HOLDINGS INC Healthcare 6,804.0 $612K 0.01% NEW $89.92 -5.0%
260 NKE NIKE INC Consumer Cyclical 9,430.0 $601K 0.01% NEW $63.71 -30.3%
Page 13 of 19  ·  374 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 25.4%
Healthcare 17.6%
Financial Services 14.1%
Industrials 11.7%
Consumer Cyclical 11.1%
Communication Services 8.3%
Consumer Defensive 5.9%
Basic Materials 2.5%
Energy 1.5%
Utilities 1.0%