Q2 2026 13F · SEC CIK 105495

Welch & Forbes LLC

Wealth managerFiled 2026-07-30 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $8.2B
Reported positions: 388
Top holdings a year, 3 yrs: +19.2%
Assets under management: $9.9B

Welch & Forbes LLC is a wealth manager that reported 388 positions worth $8.2B in its Q2 2026 13F, filed 2026-07-30. Its largest holdings were Nvidia Corporation (NVDA, 7.4%), Apple Inc (AAPL, 5.8%), Alphabet Inc (GOOG, 5.0%). A portfolio copying its top holdings returned 19.2% a year over the last 3 years, against 20.4% for the S&P 500.

Welch & Forbes LLC holdings largest 50 of 388 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Welch & Forbes LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	7.4%	7.0%	3,041,196	-1.8%	$608.5M
AAPLApple Inc	5.8%	5.5%	1,662,845	-1.0%	$481.2M
GOOGAlphabet Inc	5.0%	4.3%	1,153,229	-1.6%	$407.5M
MSFTMicrosoft Corp	4.0%	4.2%	887,243	+0.6%	$331.0M
ORLYOreilly Automotive Inc	3.1%	3.4%	2,809,432	-0.8%	$258.7M
VVisa Inc	2.9%	2.8%	705,106	-2.0%	$241.9M
JPMJpmorgan Chase & Co	2.6%	2.5%	645,494	-1.1%	$211.3M
LLYEli Lilly & Co	2.5%	2.0%	172,704	+2.7%	$207.1M
RTXRtx Corporation	2.5%	2.7%	1,069,878	-2.3%	$203.0M
JNJJohnson & Johnson	2.0%	2.1%	657,989	+0.1%	$167.1M
SYKStryker Corporation	2.0%	2.2%	519,496	+2.1%	$163.6M
COSTCostco Wholesale Corporation	1.8%	2.1%	162,277	+0.6%	$151.8M
HDHome Depot Inc	1.8%	1.8%	428,508	-0.0%	$151.1M
GOOGLAlphabet Inc	1.7%	1.5%	401,718	-1.9%	$143.6M
AMZNAmazon Com Inc	1.7%	1.5%	579,893	+2.1%	$138.2M
CBChubb Limited	1.6%	1.6%	384,803	-0.5%	$131.1M
ECLEcolab Inc	1.6%	1.6%	468,722	-0.4%	$130.6M
TJXTjx Cos Inc New	1.4%	1.6%	767,963	-0.5%	$116.3M
DHRDanaher Corp Del	1.4%	1.5%	598,324	-2.3%	$114.0M
PGProcter & Gamble Co	1.3%	1.4%	754,625	-1.2%	$110.7M
PANWPalo Alto Networks Inc	1.3%	0.6%	322,392	+7.3%	$109.9M
VRTXVertex Pharmaceuticals Inc	1.3%	1.3%	221,304	+0.7%	$109.9M
MDYState Str Spdr S&p Midcap 40	1.2%	1.3%	142,173	-12.0%	$100.0M
AVGOBroadcom Inc	1.2%	1.0%	263,007	+8.9%	$99.4M
IDXXIdexx Labs Inc	1.1%	1.2%	167,666	-0.3%	$88.3M
WSOWatsco	1.1%	1.0%	209,280	-0.3%	$87.2M
ABBVAbbvie Inc	1.1%	1.0%	345,978	+0.7%	$87.1M
METAMeta Platforms Inc	1.0%	1.0%	148,710	+11.0%	$83.8M
MCDMcdonalds Corp	1.0%	1.2%	298,932	-1.7%	$80.8M
IRMIron Mtn Inc Del	1.0%	0.9%	639,322	-2.0%	$80.8M
AMPAmeriprise Finl Inc	1.0%	1.0%	171,132	-1.3%	$78.5M
CSCOCisco Sys Inc	0.9%	0.6%	629,560	-0.6%	$73.9M
MTDMettler Toledo International	0.9%	1.0%	57,090	-2.9%	$72.9M
VEAVanguard Ftse Developed Markets Index Fu	0.8%	0.8%	950,233	-2.1%	$67.7M
AJGGallagher Arthur J & Co	0.8%	0.8%	289,883	-1.2%	$66.5M
CVXChevron Corporation	0.8%	1.1%	398,635	-0.5%	$66.1M
RMDResmed Inc	0.8%	0.9%	322,033	-1.3%	$62.8M
NEENextera Energy Inc	0.7%	0.8%	696,876	+3.2%	$61.2M
WMTWalmart Inc	0.7%	0.8%	526,233	+0.6%	$59.6M
BRK-BBerkshire Hathaway Inc Del	0.7%	0.7%	115,656	-1.6%	$57.9M
LECOLincoln Elec Hldgs Inc	0.7%	0.7%	208,918	-0.5%	$55.5M
BACBank of Amer Corp	0.7%	0.6%	957,307	-2.0%	$54.5M
PEPPepsico Inc	0.7%	0.8%	402,525	-3.2%	$54.5M
LINLinde PLC	0.7%	0.7%	104,115	-1.1%	$54.0M
ABTAbbott Laboratories	0.7%	0.8%	595,129	-5.5%	$54.0M
CSLCarlisle Cos Inc	0.6%	0.6%	142,765	+1.6%	$51.8M
ADPAutomatic Data Processing in	0.6%	—	223,090	—	$50.0M
ROPRoper Technologies Inc	0.6%	0.8%	140,495	-22.0%	$47.5M
BKNGBooking Holdings Inc	0.6%	—	263,055	—	$46.9M
XYLXylem Inc	0.6%	0.6%	395,967	-4.3%	$46.8M

What Welch & Forbes LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

Reduced

ROP Roper Technologies Inc-22.0% shares
MDY State Str Spdr S&p Midcap 40-12.0% shares
ABT Abbott Laboratories-5.5% shares

Left the top 50

XOM Exxon Mobil Corpwas 0.6%
LHX L3harris Technologies Incwas 0.6%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +13.3% /yr; S&P 500 +20.1%
3 years: +19.2% /yr; S&P 500 +20.4%
5 years: +11.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$8.2B	388
Q1 2026	$7.7B	368
Q4 2025	$8.3B	374
Q3 2025	$8.3B	383
Q2 2025	$8.0B	372
Q1 2025	$7.6B	370
Q4 2024	$7.8B	379
Q3 2024	$7.9B	373
Q2 2024	$7.5B	366
Q1 2024	$7.3B	378
Q4 2023	$6.6B	366
Q3 2023	$6.0B	367

Questions about Welch & Forbes LLC's portfolio

What stocks does Welch & Forbes LLC own?

Welch & Forbes LLC's latest 13F, for Q2 2026 and filed Jul 30, 2026, lists 388 positions worth $8.2B. The largest are Nvidia Corporation (NVDA) at 7.4%, Apple Inc (AAPL) at 5.8%, Alphabet Inc (GOOG) at 5.0%, Microsoft Corp (MSFT) at 4.0% and Oreilly Automotive Inc (ORLY) at 3.1%.

What did Welch & Forbes LLC buy last quarter?

In Q2 2026, Welch & Forbes LLC added Meta Platforms Inc (META) (+11.0% shares), Broadcom Inc (AVGO) (+8.9% shares) and Palo Alto Networks Inc (PANW) (+7.3% shares), compared with its Q1 2026 filing.

What did Welch & Forbes LLC sell last quarter?

In Q2 2026, Welch & Forbes LLC cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 L3harris Technologies Inc (LHX), Roper Technologies Inc (ROP) (-22.0% shares), State Str Spdr S&p Midcap 40 (MDY) (-12.0% shares) and Abbott Laboratories (ABT) (-5.5% shares), compared with its Q1 2026 filing.

How has Welch & Forbes LLC's portfolio performed?

A portfolio copying Welch & Forbes LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +19.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +13.3% against +20.1%. Over 5 years: +11.9% a year against +11.6%.

When is Welch & Forbes LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Welch & Forbes LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Welch & Forbes LLC manage?

Welch & Forbes LLC reported $9.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $8.2B.