Latest WELCH & FORBES LLC Stock Portfolio

WELCH & FORBES LLC Performance:

2025 Q4: -0.55%YTD: -13.98%2024: 17.73%

Performance for 2025 Q4 is -0.55%, and YTD is -13.98%, and 2024 is 17.73%.

About WELCH & FORBES LLC and 13F Hedge Fund Stock Holdings

On 2026-02-10, the fund reported it's updated stock portfolio. In the 13F Holdings report, WELCH & FORBES LLC reported an equity portfolio of $8.3 Billions as of 31 Dec, 2025.

The top stock holdings of WELCH & FORBES LLC are NVDA, AAPL, MSFT. The fund has invested 7.5% of it's portfolio in NVIDIA CORPORATION and 5.6% of portfolio in APPLE INC.

The fund managers got completely rid off ENTERPRISE PRODS PARTNERS L (EPD), UNILEVER PLC and CONSTELLATION BRANDS INC (STZ) stocks. They significantly reduced their stock positions in CARMAX INC (KMX), AIRBNB INC (ABNB) and FISERV INC. WELCH & FORBES LLC opened new stock positions in UNILEVER PLC, HARBOR ETF TRUST (HAPY) and ISHARES TR (AAXJ). The fund showed a lot of confidence in some stocks as they added substantially to NETFLIX INC (NFLX), SERVICENOW INC (NOW) and UBER TECHNOLOGIES INC (UBER).

WELCH & FORBES LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Welch & Forbes LLC made a return of -0.55% in the last quarter. In trailing 12 months, it's portfolio return was -13.98%.

Performance
S&P 500

New Buys

Ticker	$ Bought
unilever plc	877,144
harbor etf trust	386,580
qnity electronics inc	305,455
grail inc	266,014
ishares tr	250,315
illumina inc	236,350
scholar rock hldg corp	220,250
halliburton co	214,776

New stocks bought by WELCH & FORBES LLC

Additions

Ticker	% Inc.
netflix inc	978
servicenow inc	318
uber technologies inc	188
mccormick & co inc	137
vanguard bd index fds	101
select sector spdr tr	100
synopsys inc	96.71
palo alto networks inc	58.9

Additions to existing portfolio by WELCH & FORBES LLC

Reductions

Ticker	% Reduced
carmax inc	-45.42
airbnb inc	-38.12
fiserv inc	-36.11
dupont de nemours inc	-33.26
comcast corp new	-32.3
target corp	-32.18
corteva inc	-31.8
ball corp	-31.5

WELCH & FORBES LLC reduced stake in above stock

Sold off

Ticker	$ Sold
cia energetica de minas gera	-265,076
telefonica s a	-344,018
enterprise prods partners l	-910,990
unilever plc	-897,263
dow inc	-289,079
schwab strategic tr	-208,844
ishares bitcoin trust etf	-224,575
paypal hldgs inc	-213,921

WELCH & FORBES LLC got rid off the above stocks

Sector Distribution

Welch & Forbes LLC has about 24.5% of it's holdings in Technology sector.

Sector	%
Technology	24.5
Healthcare	16.3
Financial Services	11.5
Consumer Cyclical	10.6
Industrials	10.1
Others	7.9
Communication Services	7.8
Consumer Defensive	5.6
Basic Materials	2.4
Energy	1.4

Market Cap. Distribution

Welch & Forbes LLC has about 91.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	49.7
LARGE-CAP	41.5
UNALLOCATED	7.9

Stocks belong to which Index?

About 89.2% of the stocks held by Welch & Forbes LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	89.2
Others	10.6

Top 5 Winners (%)		%
MU	micron technology inc	70.6 %
FORM	formfactor inc	53.2 %
CMPX	compass therapeutics inc	45.3 %
LLY	eli lilly & co	40.8 %
TER	teradyne inc	40.6 %

Top 5 Winners ($)		$
GOOG	alphabet inc	84.0 M
LLY	eli lilly & co	52.4 M
GOOG	alphabet inc	29.7 M
AAPL	apple inc	29.5 M
DHR	danaher corporation	19.0 M

Top 5 Losers (%)		%
NFLX	netflix inc	-86.6 %
NOW	servicenow inc	-75.6 %
DNA	ginkgo bioworks holdings inc	-43.0 %
XLB	select sector spdr tr	-41.8 %
DD	dupont de nemours inc	-40.4 %

Top 5 Losers ($)		$
NOW	servicenow inc	-107.5 M
ORLY	oreilly automotive inc	-47.8 M
	fiserv inc	-44.2 M
MSFT	microsoft corp	-30.6 M
HD	home depot inc	-26.1 M

WELCH & FORBES LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of WELCH & FORBES LLC

Welch & Forbes LLC has 372 stocks in it's portfolio. About 38.6% of the portfolio is in top 10 stocks. NOW proved to be the most loss making stock for the portfolio. GOOG was the most profitable stock for Welch & Forbes LLC last quarter.

Last Reported on: 10 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	5.61	1,702,200	462,759,000	reduced	-1.17

AAXJ	ishares tr	0.22	594,427	18,403,500	reduced	-7.91

AAXJ	ishares tr	0.04	58,983	3,119,020	added	0.08

AAXJ	ishares tr	0.00	2,337	250,315	new

ABBV	abbvie inc	0.96	345,947	79,045,500	reduced	-0.7

ABNB	airbnb inc	0.00	2,175	295,191	reduced	-38.12

ABT	abbott labs	0.96	631,911	79,172,200	added	0.01

ACN	accenture plc ireland	0.29	88,054	23,625,100	reduced	-21.1

ACWF	ishares tr	0.00	2,998	208,121	unchanged	0.00

ADBE	adobe inc	0.32	75,055	26,268,700	reduced	-20.98

ADI	analog devices inc	0.09	26,407	7,161,580	reduced	-2.32

ADP	automatic data processing in	0.71	226,508	58,264,600	reduced	-0.89

ADSK	autodesk inc	0.00	1,159	343,075	added	3.02

AEP	american elec pwr co inc	0.01	4,505	519,472	added	1.1

AFK	vaneck etf trust	0.22	214,275	18,378,400	reduced	-6.95

AFK	vaneck etf trust	0.01	4,506	466,641	unchanged	0.00

AFK	vaneck etf trust	0.00	1,193	429,635	unchanged	0.00

AFL	aflac inc	0.43	321,248	35,424,000	reduced	-1.65

AGT	ishares tr	0.00	2,538	241,338	reduced	-2.57

AJG	gallagher arthur j & co	0.92	294,278	76,156,400	added	0.52