Welch & Forbes LLC Top Holdings and 13F Report (2025) About Welch & Forbes LLCInvestment ActivityWelch & Forbes LLC has $7.78 billion in total holdings as of December 31, 2024.Welch & Forbes LLC owns shares of 379 different stocks, but just 53 companies or ETFs make up 80% of its holdings.Approximately 1.18% of the portfolio was purchased this quarter.About 1.31% of the portfolio was sold this quarter.This quarter, Welch & Forbes LLC has purchased 373 new stocks and bought additional shares in 117 stocks.Welch & Forbes LLC sold shares of 168 stocks and completely divested from 10 stocks this quarter.Largest Holdings NVIDIA $535,536,394Apple $440,283,055Microsoft $381,729,154O'Reilly Automotive $237,596,387Visa $235,370,765 Largest New Holdings this Quarter BLACKROCK INC $1,881,077 HoldingTelefónica $272,234 HoldingRockwell Automation $240,922 HoldingiShares ESG Aware MSCI USA ETF $239,734 HoldingVanguard Large-Cap ETF $238,415 Holding Largest Purchases this Quarter Tractor Supply 386,233 shares (about $20.49M)SPDR S&P MidCap 400 ETF Trust 31,537 shares (about $17.96M)Eli Lilly and Company 12,088 shares (about $9.33M)Broadcom 27,933 shares (about $6.48M)ServiceNow 4,970 shares (about $5.27M) Largest Sales this Quarter NVIDIA 156,680 shares (about $21.04M)Fiserv 21,833 shares (about $4.48M)Apple 14,378 shares (about $3.60M)O'Reilly Automotive 2,254 shares (about $2.67M)Ball 43,597 shares (about $2.40M) Sector Allocation Over TimeMap of 500 Largest Holdings ofWelch & Forbes LLC Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorNVDANVIDIA$535,536,394$21,040,566 ▼-3.8%3,987,9086.9%Computer and TechnologyAAPLApple$440,283,055$3,600,540 ▼-0.8%1,758,1785.7%Computer and TechnologyMSFTMicrosoft$381,729,154$1,639,218 ▼-0.4%905,6424.9%Computer and TechnologyORLYO'Reilly Automotive$237,596,387$2,672,793 ▼-1.1%200,3683.1%Retail/WholesaleVVisa$235,370,765$1,439,878 ▼-0.6%744,7503.0%Business ServicesGOOGAlphabet$228,995,927$154,828 ▲0.1%1,202,4572.9%Computer and TechnologySYKStryker$186,226,394$898,326 ▼-0.5%517,2232.4%MedicalFIFiserv$179,693,539$4,484,938 ▼-2.4%874,7612.3%Business ServicesHDHome Depot$167,516,834$130,701 ▼-0.1%430,6452.2%Retail/WholesaleJPMJPMorgan Chase & Co.$167,425,788$965,073 ▼-0.6%698,4512.2%FinanceDHRDanaher$157,208,267$1,997,777 ▲1.3%684,8532.0%MedicalCOSTCostco Wholesale$153,713,510$712,858 ▼-0.5%167,7602.0%Retail/WholesaleRTXRTX$135,550,612$602,670 ▼-0.4%1,171,3671.7%AerospaceANSSANSYS$133,505,205$691,190 ▼-0.5%395,7701.7%Computer and TechnologyPGProcter & Gamble$133,161,334$84,831 ▲0.1%794,2811.7%Consumer StaplesAMZNAmazon.com$114,404,787$168,711 ▲0.1%521,4671.5%Retail/WholesaleLLYEli Lilly and Company$113,468,560$9,331,936 ▲9.0%146,9801.5%MedicalCBChubb$112,140,813$590,455 ▼-0.5%405,8651.4%FinanceECLEcolab$109,821,357$884,324 ▼-0.8%468,6811.4%Basic MaterialsROPRoper Technologies$104,139,220$169,472 ▼-0.2%200,3251.3%Computer and TechnologyWSOWatsco$101,545,701$294,760 ▼-0.3%214,2811.3%ConstructionJNJJohnson & Johnson$100,164,776$1,954,975 ▼-1.9%692,6061.3%MedicalMDYSPDR S&P MidCap 400 ETF Trust$97,880,690$17,962,858 ▲22.5%171,8471.3%ETFAMPAmeriprise Financial$95,836,966$1,562,684 ▼-1.6%179,9991.2%FinanceTJXTJX Companies$95,123,568$663,972 ▼-0.7%787,3811.2%Retail/WholesaleMCDMcDonald's$90,591,875$522,092 ▼-0.6%312,5041.2%Retail/WholesalePEPPepsiCo$85,678,660$832,682 ▼-1.0%563,4521.1%Consumer StaplesAJGArthur J. Gallagher & Co.$85,195,256$742,837 ▼-0.9%300,1411.1%FinanceGOOGLAlphabet$83,293,164$1,730,013 ▼-2.0%440,0061.1%Computer and TechnologyVRTXVertex Pharmaceuticals$79,646,556$467,938 ▲0.6%197,7811.0%MedicalMTDMettler-Toledo International$75,022,588$520,064 ▼-0.7%61,3091.0%MedicalRMDResMed$74,957,847$187,069 ▲0.3%327,7701.0%MedicalABTAbbott Laboratories$71,959,968$329,716 ▼-0.5%636,1940.9%MedicalIRMIron Mountain$71,449,848$810,083 ▼-1.1%679,7620.9%Business ServicesKMXCarMax$71,159,242$1,614,433 ▼-2.2%870,3430.9%Retail/WholesaleADPAutomatic Data Processing$71,005,649$50,642 ▼-0.1%242,5640.9%Business ServicesIDXXIDEXX Laboratories$70,003,253$33,902 ▲0.0%169,3190.9%MedicalMETAMeta Platforms$66,090,706$24,591 ▲0.0%112,8770.8%Computer and TechnologyABBVAbbVie$64,602,516$181,432 ▼-0.3%363,5480.8%MedicalCVXChevron$59,797,900$966,517 ▼-1.6%412,8550.8%Oils/EnergyBRK.BBerkshire Hathaway$56,400,735$2,114,552 ▼-3.6%124,4280.7%FinancePAYXPaychex$53,933,394$353,915 ▼-0.7%384,6340.7%Business ServicesADBEAdobe$51,988,421$152,525 ▼-0.3%116,9120.7%Computer and TechnologyTMOThermo Fisher Scientific$47,357,114$1,688,669 ▼-3.4%91,0310.6%MedicalCHDChurch & Dwight$47,043,618$101,359 ▼-0.2%449,2750.6%Consumer StaplesWMTWalmart$46,308,730$277,737 ▲0.6%512,5470.6%Retail/WholesaleBACBank of America$44,854,404$1,181,951 ▼-2.6%1,020,5750.6%FinanceVEAVanguard FTSE Developed Markets ETF$43,794,746$902,556 ▲2.1%915,8240.6%ETFCMCSAComcast$43,126,884$1,096,892 ▼-2.5%1,149,1280.6%Consumer DiscretionaryACNAccenture$42,717,634$130,163 ▲0.3%121,4290.5%Computer and TechnologyBKNGBooking$42,455,136$476,968 ▼-1.1%8,5450.5%Retail/WholesaleLINDE PLC$41,908,073$1,072,204 ▲2.6%100,0990.5%SHSXYLXylem$40,030,697$969,349 ▼-2.4%345,0320.5%Business ServicesNEENextEra Energy$39,486,547$385,980 ▲1.0%550,7940.5%UtilitiesAOSA. O. Smith$38,785,216$150,745 ▲0.4%568,6130.5%Industrial ProductsEMLPFirst Trust North American Energy Infrastructure Fund$38,371,244$720,060 ▼-1.8%1,076,3310.5%ETFLECOLincoln Electric$38,203,439$275,019 ▲0.7%203,7840.5%Industrial ProductsCSCOCisco Systems$37,814,118$375,624 ▲1.0%638,7520.5%Computer and TechnologyAFLAflac$36,780,785$334,939 ▼-0.9%355,5760.5%FinanceMRKMerck & Co., Inc.$35,860,763$704,617 ▼-1.9%360,4820.5%MedicalCTASCintas$35,266,403$46,954 ▼-0.1%193,0290.5%Business ServicesCSLCarlisle Companies$34,393,592$1,401,592 ▲4.2%93,2480.4%Multi-Sector ConglomeratesXOMExxon Mobil$33,719,867$228,909 ▲0.7%313,4690.4%Oils/EnergyAVGOBroadcom$32,799,107$6,475,988 ▲24.6%141,4730.4%Computer and TechnologyDOVDover$30,267,013$248,945 ▼-0.8%161,3380.4%Industrial ProductsVZVerizon Communications$29,315,557$739,617 ▼-2.5%733,0700.4%Computer and TechnologyFTSLFirst Trust Senior Loan ETF$29,282,442$488,525 ▲1.7%633,2710.4%ManufacturingLHXL3Harris Technologies$29,047,666$283,037 ▼-1.0%138,1380.4%AerospaceSPYSPDR S&P 500 ETF Trust$27,225,760$3,126,151 ▲13.0%46,4540.4%FinanceAXPAmerican Express$26,673,130$29,085 ▲0.1%89,8720.3%FinanceTSCOTractor Supply$25,730,022$20,493,571 ▲391.4%484,9220.3%Retail/WholesaleOTISOtis Worldwide$25,703,964$922,861 ▼-3.5%277,5500.3%ConstructionOMCOmnicom Group$24,467,190$207,356 ▼-0.8%284,3700.3%Business ServicesNOWServiceNow$23,591,893$5,268,792 ▲28.8%22,2540.3%Computer and TechnologyMCOMoody's$22,844,366$25,089 ▲0.1%48,2590.3%FinanceQCOMQUALCOMM$22,338,819$23,657 ▼-0.1%145,4160.3%Computer and TechnologyPFFiShares Preferred and Income Securities ETF$20,550,005$1,977,922 ▼-8.8%653,6260.3%ETFORCLOracle$18,980,293$424,265 ▼-2.2%113,9000.2%Computer and TechnologyKOCoca-Cola$18,653,368$90,526 ▼-0.5%299,6040.2%Consumer StaplesGSKGSK$17,580,820$541 ▲0.0%519,8350.2%MedicalEWEdwards Lifesciences$17,301,933$843,646 ▼-4.6%233,7150.2%MedicalEQIXEquinix$16,972,025$241,380 ▲1.4%18,0000.2%FinanceSTZConstellation Brands$16,767,270$1,034,943 ▼-5.8%75,8700.2%Consumer StaplesCMICummins$16,011,206$442,374 ▼-2.7%45,9300.2%Auto/Tires/TrucksBALLBall$15,666,787$2,403,511 ▼-13.3%284,1780.2%Industrial ProductsEMREmerson Electric$15,426,071$180,566 ▼-1.2%124,4740.2%Industrial ProductsBDXBecton, Dickinson and Company$14,150,587$1,518,217 ▼-9.7%62,3730.2%MedicalIBMInternational Business Machines$13,516,534$176,305 ▼-1.3%61,4860.2%Computer and TechnologyLANCLancaster Colony$13,396,209$61,119 ▲0.5%77,3720.2%Consumer StaplesSHOPShopify$13,243,522$80,917 ▲0.6%124,5510.2%Computer and TechnologyBSXBoston Scientific$13,082,343$495,458 ▼-3.6%146,4660.2%MedicalEXPDExpeditors International of Washington$11,682,026$592,398 ▼-4.8%105,4620.2%TransportationCGNXCognex$11,664,017$231,979 ▼-2.0%325,2650.1%Computer and TechnologyPFEPfizer$11,294,311$808,423 ▼-6.7%425,7180.1%MedicalIVViShares Core S&P 500 ETF$10,909,418$289,042 ▲2.7%18,5320.1%ETFAPDAir Products and Chemicals$10,584,429$1,740 ▲0.0%36,4930.1%Basic MaterialsSBUXStarbucks$10,413,582$472,859 ▼-4.3%114,1210.1%Retail/WholesaleCARRCarrier Global$10,083,110$201,845 ▼-2.0%147,7160.1%Computer and TechnologySHWSherwin-Williams$9,754,632$61,527 ▲0.6%28,6960.1%Basic MaterialsPGRProgressive$9,355,574$60,382 ▼-0.6%39,0450.1%FinanceShowing largest 100 holdings. 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