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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 3 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 BERKSHIRE HATHAWAY INC DEL 117,536.0 $56.3M 0.73% -1K -0.9% $479.20
42 LECO LINCOLN ELEC HLDGS INC Industrials 209,888.0 $52.3M 0.68% -3K -1.3% $249.08 +4.4%
43 LIN LINDE PLC Basic Materials 105,270.0 $52.2M 0.68% +700.0 +0.7% $495.76 +3.8%
44 XYL XYLEM INC Industrials 413,855.0 $49.5M 0.64% +12K +3.0% $119.50 -9.4%
45 CSCO CISCO SYS INC Technology 633,547.0 $49.2M 0.64% -9K -1.4% $77.59 +52.3%
46 XOM EXXON MOBIL CORP Energy 284,982.0 $48.4M 0.62% -4K -1.4% $169.66 -7.9%
47 PANW PALO ALTO NETWORKS INC Technology 300,564.0 $48.2M 0.62% +66K +28.2% $160.32 +57.8%
48 LHX L3HARRIS TECHNOLOGIES INC Industrials 138,096.0 $47.7M 0.62% -3K -2.0% $345.15 -11.2%
49 BAC BANK AMERICA CORP Financial Services 976,595.0 $47.6M 0.62% -13K -1.4% $48.75 +5.6%
50 CSL CARLISLE COS INC Industrials 140,466.0 $46.9M 0.61% +9K +6.8% $333.62 -0.4%
51 BKNG BOOKING HOLDINGS INC Consumer Cyclical 10,870.0 $45.8M 0.59% +215.0 +2.0% $4210.32 -96.2%
52 ADP AUTOMATIC DATA PROCESSING IN Industrials 223,960.0 $45.5M 0.59% -3K -1.1% $203.18 +8.3%
53 TMO THERMO FISHER SCIENTIFIC INC Healthcare 88,934.0 $43.7M 0.56% $491.53 -8.1%
54 EMLP FIRST TR EXCHANGE-TRADED FD 996,003.0 $43.5M 0.56% -45K -4.3% $43.66 +1.4%
55 AOS SMITH A O CORP Industrials 579,780.0 $38.2M 0.49% -6K -1.0% $65.94 -13.3%
56 MRK MERCK & CO INC Healthcare 317,368.0 $38.2M 0.49% -5K -1.5% $120.29 -3.7%
57 CHD CHURCH & DWIGHT CO INC Consumer Defensive 378,902.0 $35.4M 0.46% -28K -7.0% $93.32 +2.5%
58 AFL AFLAC INC Financial Services 317,011.0 $34.8M 0.45% -4K -1.3% $109.71 +7.4%
59 PAYX PAYCHEX INC Industrials 362,116.0 $33.4M 0.43% -6K -1.7% $92.12 +2.3%
60 VZ VERIZON COMMUNICATIONS INC Communication Services 652,264.0 $32.7M 0.42% -12K -1.9% $50.20 -4.7%
Page 3 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%