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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 5 of 19  ·  368 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 GDX VANECK ETF TRUST 187,249.0 $17.2M 0.22% -27K -12.6% $91.77 -6.2%
82 ORCL ORACLE CORP Technology 113,935.0 $16.8M 0.22% +1K +1.1% $147.11 +29.0%
83 ACN ACCENTURE PLC IRELAND Technology 84,177.0 $16.7M 0.22% -4K -4.4% $198.29 -10.3%
84 UBER UBER TECHNOLOGIES INC Technology 224,048.0 $16.1M 0.21% -31K -12.1% $71.93 +3.7%
85 CGNX COGNEX CORP Technology 322,893.0 $15.8M 0.20% -8K -2.3% $48.99 +31.2%
86 EMR EMERSON ELEC CO Industrials 110,476.0 $14.5M 0.19% -3K -2.4% $131.02 +3.0%
87 EW EDWARDS LIFESCIENCES CORP Healthcare 179,504.0 $14.4M 0.19% -2K -1.2% $80.08 +3.9%
88 EXPD EXPEDITORS INTL WASH INC Industrials 100,357.0 $14.4M 0.19% -2K -1.9% $143.23 +9.7%
89 CAT CATERPILLAR INC Industrials 19,031.0 $13.5M 0.17% -374.0 -1.9% $708.46 +22.2%
90 SNPS SYNOPSYS INC Technology 33,491.0 $13.3M 0.17% -2K -5.8% $396.48 +25.8%
91 GE GE AEROSPACE Industrials 45,782.0 $13.0M 0.17% +499.0 +1.1% $283.77 +6.3%
92 IBM INTERNATIONAL BUSINESS MACHS Technology 53,445.0 $13.0M 0.17% -466.0 -0.9% $242.39 +4.4%
93 NFLX NETFLIX INC. Communication Services 118,448.0 $11.4M 0.15% +115K +3464.5% $96.15 -7.1%
94 IVV ISHARES TR 17,064.0 $11.1M 0.14% -1K -7.0% $653.21 +14.2%
95 MZTI MARZETTI COMPANY Consumer Defensive 72,423.0 $10.0M 0.13% $138.33 -18.5%
96 PFE PFIZER INC Healthcare 346,584.0 $9.7M 0.13% -9K -2.5% $28.08 -7.6%
97 GEV GE VERNOVA INC Utilities 11,124.0 $9.7M 0.13% +124.0 +1.1% $872.90 +19.6%
98 APD AIR PRODUCTS AND CHEMICALS I Basic Materials 33,262.0 $9.7M 0.12% -250.0 -0.8% $290.49 -0.1%
99 NVS NOVARTIS AG Healthcare 57,626.0 $8.8M 0.11% -3K -5.7% $152.75 -0.6%
100 AMGN AMGEN INC Healthcare 24,846.0 $8.7M 0.11% $351.85 -4.1%
Page 5 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%