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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 15 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
281 SMH VANECK ETF TRUST 1,200.0 $460K 0.01% +7.0 +0.6% $383.40 +48.0%
282 ZBH ZIMMER BIOMET HOLDINGS INC Healthcare 5,076.0 $459K 0.01% -2K -25.4% $90.42 -5.6%
283 DCI DONALDSON INC Industrials 5,401.0 $458K 0.01% -564.0 -9.5% $84.87 -2.7%
284 NTAP NETAPP INC Technology 4,344.0 $445K 0.01% $102.39 +21.1%
285 KLAC KLA CORP Technology 300.0 $442K 0.01% $1472.41 +25.1%
286 MUB ISHARES TR 4,153.0 $441K 0.01% +2K +77.7% $106.15 -0.1%
287 CEG CONSTELLATION ENERGY CORP Utilities 1,566.0 $437K 0.01% +65.0 +4.3% $279.25 +2.4%
288 ES EVERSOURCE ENERGY Utilities 6,298.0 $436K 0.01% $69.28 +0.5%
289 HIFS HINGHAM INSTN SVGS MASS Financial Services 1,525.0 $436K 0.01% $285.84 -0.8%
290 SCHW SCHWAB CHARLES CORP Financial Services 4,621.0 $434K 0.01% $93.98 -4.1%
291 MOAT VANECK ETF TRUST 4,464.0 $432K 0.01% -42.0 -0.9% $96.70 +4.7%
292 AEM AGNICO EAGLE MINES LTD Basic Materials 2,111.0 $428K 0.01% $202.98 -12.4%
293 BLD TOPBUILD COR Industrials 1,219.0 $428K 0.01% $351.30 +17.0%
294 MTB M & T BK CORP Financial Services 2,046.0 $423K 0.01% $206.72 +2.7%
295 DIA STATE STR SPDR DOW JONES IND Financial Services 911.0 $422K 0.01% $463.19 +8.6%
296 KVUE KENVUE INC Consumer Defensive 24,345.0 $420K 0.01% $17.24 +1.3%
297 EBAY EBAY INC. Consumer Cyclical 4,549.0 $414K 0.01% $91.02 +28.7%
298 IT GARTNER INC Technology 2,600.0 $412K 0.01% $158.34 -0.7%
299 Q QNITY ELECTRONICS INC Technology 3,568.0 $412K 0.01% -173.0 -4.6% $115.38 +32.6%
300 MCK MCKESSON CORP Healthcare 453.0 $392K 0.01% +146.0 +47.6% $865.36 -11.4%
Page 15 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%