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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 6 of 19  ·  374 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 PGR PROGRESSIVE CORP Financial Services 36,413.0 $8.3M 0.10% NEW $227.72 -11.0%
102 APD AIR PRODS & CHEMS INC Basic Materials 33,512.0 $8.3M 0.10% NEW $247.02 +17.5%
103 MMM 3M CO Industrials 51,097.0 $8.2M 0.10% NEW $160.10 -5.3%
104 AMGN AMGEN INC Healthcare 24,931.0 $8.2M 0.10% NEW $327.31 +3.1%
105 VEU VANGUARD INTL EQUITY INDEX F 110,812.0 $8.2M 0.10% NEW $73.56 +12.3%
106 BDX BECTON DICKINSON & CO Healthcare 41,191.0 $8.0M 0.10% NEW $194.07 -24.6%
107 MA MASTERCARD INCORPORATED Financial Services 13,656.0 $7.8M 0.09% NEW $570.88 -12.5%
108 SBUX STARBUCKS CORP Consumer Cyclical 90,656.0 $7.6M 0.09% NEW $84.21 +26.5%
109 CMCSA COMCAST CORP NEW Communication Services 254,480.0 $7.6M 0.09% NEW $29.89 -16.1%
110 CARR CARRIER GLOBAL CORPORATION Industrials 141,846.0 $7.5M 0.09% NEW $52.84 +17.7%
111 DUK DUKE ENERGY CORP NEW Utilities 63,205.0 $7.4M 0.09% NEW $117.21 +6.4%
112 GEV GE VERNOVA INC Utilities 11,000.0 $7.2M 0.09% NEW $653.57 +59.7%
113 ADI ANALOG DEVICES INC Technology 26,407.0 $7.2M 0.09% NEW $271.20 +41.7%
114 IAU ISHARES GOLD TR Financial Services 86,883.0 $7.1M 0.09% NEW $81.17 +5.2%
115 IWM ISHARES TR 27,872.0 $6.9M 0.08% NEW $246.16 +14.8%
116 RPM RPM INTL INC Basic Materials 65,018.0 $6.8M 0.08% NEW $104.00 -5.3%
117 HLN HALEON PLC Healthcare 643,501.0 $6.5M 0.08% NEW $10.11 -7.8%
118 AWK AMERICAN WTR WKS CO INC NEW Utilities 49,698.0 $6.5M 0.08% NEW $130.50 -5.1%
119 CHKP CHECK POINT SOFTWARE TECH LT Technology 33,995.0 $6.3M 0.08% NEW $185.56 -29.0%
120 LQD ISHARES TR 56,547.0 $6.2M 0.07% NEW $110.19 -1.8%
Page 6 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%