Welch & Forbes LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 30, 2026), Welch & Forbes LLC reported 388 stock positions worth $8.2 billion. Its top holding was Nvidia (NVDA) at 7.4% of the portfolio, followed by Apple (AAPL, 5.8%) and Alphabet Class C (GOOG, 5.0%). Compared with Q1 2026, it opened 27 new positions, sold out of 8, added to 117 and reduced 171. The biggest buy was Palo Alto Networks (PANW, shares +7%) and the biggest sale Chevron (CVX, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Boston, MA
- CIK
- 0000105495
- Portfolio Value
- $8.2B (Q2 2026)
- SEC Filing
- 0000105495-26-000003 ↗ filed Jul 30, 2026
Holdings Value
Holdings 388 stocks · $8.2B
| NVDA Nvidia Corp. | 7.40% | 3,041,196 | $608.5M | Reduce -1.8% |
| AAPL Apple Inc. | 5.85% | 1,662,845 | $481.2M | Reduce -1.0% |
| GOOG Alphabet Inc. Class C | 4.95% | 1,153,229 | $407.5M | Reduce -1.6% |
| MSFT Microsoft Corp. | 4.02% | 887,243 | $331.0M | Add +0.6% |
| ORLY O'reilly Automotive Inc. | 3.14% | 2,809,432 | $258.7M | Reduce -0.8% |
| V Visa Inc. Class A | 2.94% | 705,106 | $241.9M | Reduce -2.0% |
| JPM JPMorgan Chase & Co. | 2.57% | 645,494 | $211.3M | Reduce -1.1% |
| LLY Eli Lilly & Co. | 2.52% | 172,704 | $207.1M | Add +2.7% |
| RTX RTX Corp. | 2.47% | 1,069,878 | $203.0M | Reduce -2.3% |
| JNJ Johnson & Johnson | 2.03% | 657,989 | $167.1M | Add +0.1% |
| SYK Stryker Corp. | 1.99% | 519,496 | $163.6M | Add +2.0% |
| COST Costco Wholesale Corp. | 1.84% | 162,277 | $151.8M | Add +0.6% |
| HD Home Depot Inc. | 1.84% | 428,508 | $151.1M | Reduce -0.0% |
| GOOGL Alphabet Inc. Class A | 1.74% | 401,718 | $143.6M | Reduce -1.9% |
| AMZN Amazon.com Inc. | 1.68% | 579,893 | $138.2M | Add +2.1% |
| CB Chubb Ltd. | 1.59% | 384,803 | $131.1M | Reduce -0.5% |
| ECL Ecolab Inc. | 1.59% | 468,722 | $130.6M | Reduce -0.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.41% | 767,963 | $116.3M | Reduce -0.5% |
| DHR Danaher Corp. | 1.39% | 598,324 | $114.0M | Reduce -2.3% |
| PG The Procter & Gamble Co. | 1.34% | 754,625 | $110.7M | Reduce -1.2% |
| PANW Palo Alto Networks Inc. | 1.34% | 322,392 | $109.9M | Add +7.3% |
| VRTX Vertex Pharmaceuticals Inc. | 1.34% | 221,304 | $109.9M | Add +0.7% |
| MDY State Street SPDR S&P Midcap | 1.22% | 142,173 | $100.0M | Reduce -12.0% |
| AVGO Broadcom Inc. | 1.21% | 263,007 | $99.4M | Add +8.9% |
| IDXX Idexx Laboratories Inc. | 1.07% | 167,666 | $88.3M | Reduce -0.3% |
| WSO Watsco Inc. | 1.06% | 209,280 | $87.2M | Reduce -0.3% |
| ABBV Abbvie Inc. | 1.06% | 345,978 | $87.1M | Add +0.7% |
| META Meta Platforms Inc. Class A | 1.02% | 148,710 | $83.8M | Add +11.0% |
| MCD McDonald's Corp. | 0.98% | 298,932 | $80.8M | Reduce -1.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.98% | 639,322 | $80.8M | Reduce -1.9% |
| AMP Ameriprise Financial Inc. | 0.95% | 171,132 | $78.5M | Reduce -1.3% |
| CSCO Cisco Systems Inc. | 0.90% | 629,560 | $73.9M | Reduce -0.6% |
| MTD Mettler-Toledo International | 0.89% | 57,090 | $72.9M | Reduce -2.9% |
| VEA Vanguard Ftse Developed ETF | 0.82% | 950,233 | $67.7M | Reduce -2.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.81% | 289,883 | $66.5M | Reduce -1.2% |
| CVX Chevron Corp. | 0.80% | 398,635 | $66.1M | Reduce -0.5% |
| RMD Resmed Inc. | 0.76% | 322,033 | $62.8M | Reduce -1.3% |
| NEE Nextera Energy Inc. | 0.74% | 696,876 | $61.2M | Add +3.2% |
| WMT Walmart Inc. | 0.72% | 526,233 | $59.6M | Add +0.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 115,656 | $57.9M | Reduce -1.6% |
| LECO Lincoln Electric Holdings | 0.67% | 208,918 | $55.5M | Reduce -0.5% |
| BAC Bank of America Corp. | 0.66% | 957,307 | $54.5M | Reduce -2.0% |
| PEP Pepsico Inc. | 0.66% | 402,525 | $54.5M | Reduce -3.2% |
| LIN Linde PLC | 0.66% | 104,115 | $54.0M | Reduce -1.1% |
| ABT Abbott Laboratories | 0.66% | 595,129 | $54.0M | Reduce -5.5% |
| CSL Carlisle Cos Inc. | 0.63% | 142,765 | $51.8M | Add +1.6% |
| ADP Automatic Data Processing | 0.61% | 223,090 | $50.0M | Reduce -0.4% |
| ROP Roper Technologies Inc. | 0.58% | 140,495 | $47.5M | Reduce -22.0% |
| BKNG Booking Holdings Inc. | 0.57% | 263,055 | $46.9M | Reduce -3.2% |
| XYL Xylem Inc. | 0.57% | 395,967 | $46.8M | Reduce -4.3% |
| TMO Thermo Fisher Scientific Inc. | 0.51% | 83,322 | $41.8M | Reduce -6.3% |
| EMLP First Trust North American E | 0.50% | 937,533 | $40.8M | Reduce -5.9% |
| MRK Merck & Co. Inc. | 0.49% | 316,952 | $40.7M | Reduce -0.1% |
| LHX L3HARRIS Technologies Inc. | 0.49% | 139,101 | $40.4M | Add +0.7% |
| XOM Exxon Mobil Corp. | 0.48% | 287,954 | $39.4M | Add +1.0% |
| AFL Aflac Inc. | 0.45% | 315,029 | $36.9M | Reduce -0.6% |
| PAYX Paychex Inc. | 0.43% | 363,475 | $35.7M | Add +0.4% |
| CHD Church & Dwight Co. Inc. | 0.42% | 357,066 | $34.6M | Reduce -5.8% |
| AOS Smith (a.o.) Corp. | 0.41% | 532,209 | $33.4M | Reduce -8.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.39% | 43,500 | $32.5M | Reduce -4.7% |
| CTAS Cintas Corp. | 0.39% | 190,216 | $32.4M | Reduce -0.1% |
| DOV Dover Corp. | 0.39% | 142,893 | $32.0M | Reduce -0.4% |
| CMI Cummins Inc. | 0.36% | 41,387 | $29.5M | Reduce -3.3% |
| AXP American Express Co. | 0.33% | 81,174 | $27.5M | Reduce -0.7% |
| NOW ServiceNow Inc. | 0.33% | 275,179 | $27.3M | Reduce -3.4% |
| GSK GSK PLC-Spon ADR | 0.33% | 518,597 | $27.2M | No change |
| VZ Verizon Communications Inc. | 0.33% | 641,841 | $27.2M | Reduce -1.6% |
| FTSL First Trust Senior Loan ETF | 0.32% | 597,151 | $26.7M | Reduce -5.5% |
| EQIX Equinix Inc. | 0.32% | 25,590 | $26.7M | Reduce -0.8% |
| QCOM Qualcomm Inc. | 0.31% | 138,519 | $25.6M | Add +0.2% |
| CGNX Cognex Corp. | 0.29% | 330,660 | $23.9M | Add +2.4% |
| MCO Moody's Corp. | 0.28% | 51,007 | $23.1M | Add +0.4% |
| KO The Coca-Cola Co. | 0.27% | 270,059 | $21.9M | Reduce -3.9% |
| CAT Caterpillar Inc. | 0.26% | 20,137 | $21.4M | Add +5.8% |
| IJR iShares Core S&P Small-Cap E | 0.25% | 138,219 | $20.5M | Reduce -2.1% |
| KMX Carmax Inc. | 0.25% | 387,190 | $20.5M | Reduce -9.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 69,666 | $19.6M | Add +30.4% |
| INTC Intel Corp. | 0.24% | 139,049 | $19.4M | Reduce -2.3% |
| SHOP Shopify Inc. Class A | 0.22% | 159,087 | $18.2M | Add +3.6% |
| ORCL Oracle Corp. | 0.22% | 121,788 | $17.8M | Add +6.9% |
| OTIS Otis Worldwide Corp. | 0.21% | 238,066 | $17.0M | Reduce -3.1% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 44,138 | $16.5M | Reduce -3.6% |
| EXPD Expeditors Intl Wash Inc. | 0.20% | 99,915 | $16.3M | Reduce -0.4% |
| EW Edwards Lifesciences Corp. | 0.20% | 178,868 | $16.2M | Reduce -0.3% |
| OMC Omnicom Group | 0.20% | 220,272 | $16.0M | Reduce -7.6% |
| UBER Uber Technologies Inc. | 0.19% | 222,080 | $16.0M | Reduce -0.9% |
| EMR Emerson Electric Co. | 0.19% | 111,601 | $16.0M | Add +1.0% |
| PFF iShares Preferred & Income S | 0.19% | 521,867 | $15.9M | Reduce -10.8% |
| FISV Fiserv Inc. | 0.18% | 308,444 | $15.1M | Reduce -39.1% |
| SNPS Synopsys Inc. | 0.18% | 33,409 | $14.9M | Reduce -0.2% |
| TSCO Tractor Supply Company | 0.16% | 418,308 | $13.2M | Reduce -12.5% |
| GDX Vaneck Gold Miners ETF | 0.16% | 169,404 | $12.8M | Reduce -9.5% |
| NFLX Netflix Inc. | 0.15% | 177,517 | $12.7M | Add +49.9% |
| IVV iShares Core S&P 500 ETF | 0.15% | 16,765 | $12.6M | Reduce -1.8% |
| GEV GE Vernova Inc. | 0.15% | 10,672 | $12.5M | Reduce -4.1% |
| ADI Analog Devices Inc. | 0.13% | 27,288 | $10.8M | Add +4.7% |
| CARR Carrier Global Corp. | 0.12% | 139,202 | $10.2M | Reduce -1.4% |
| APD Air Products & Chemicals Inc. | 0.12% | 33,571 | $9.8M | Add +0.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.12% | 117,094 | $9.8M | Add +4.0% |
| SHW The Sherwin-Williams Co. | 0.12% | 27,480 | $9.5M | Add +1.7% |
Portfolio Sells Q1 2026 → Q2 2026
| CVX Chevron Corp. | Reduce -0.5% | 0.80% | −0.27 |
| RTX RTX Corp. | Reduce -2.3% | 2.47% | −0.26 |
| ROP Roper Technologies Inc. | Reduce -22.0% | 0.58% | −0.25 |
| MCD McDonald's Corp. | Reduce -1.7% | 0.98% | −0.24 |
| ORLY O'reilly Automotive Inc. | Reduce -0.8% | 3.14% | −0.24 |
| RMD Resmed Inc. | Reduce -1.3% | 0.76% | −0.18 |
| ACN Accenture PLC Class A | Reduce -73.7% | 0.03% | −0.18 |
| FISV Fiserv Inc. | Reduce -39.1% | 0.18% | −0.18 |
| TJX TJX Companies Inc. | Reduce -0.5% | 1.41% | −0.18 |
| ABT Abbott Laboratories | Reduce -5.5% | 0.66% | −0.18 |
| PEP Pepsico Inc. | Reduce -3.2% | 0.66% | −0.17 |
| IDXX Idexx Laboratories Inc. | Reduce -0.3% | 1.07% | −0.15 |
| TSCO Tractor Supply Company | Reduce -12.5% | 0.16% | −0.12 |
| DHR Danaher Corp. | Reduce -2.3% | 1.39% | −0.12 |
| VZ Verizon Communications Inc. | Reduce -1.6% | 0.33% | −0.09 |
| AOS Smith (a.o.) Corp. | Reduce -8.2% | 0.41% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -1.2% | 1.34% | −0.08 |
| MDY State Street SPDR S&P Midcap | Reduce -12.0% | 1.22% | −0.07 |
| MTD Mettler-Toledo International | Reduce -2.9% | 0.89% | −0.07 |
| XYL Xylem Inc. | Reduce -4.3% | 0.57% | −0.07 |
| GDX Vaneck Gold Miners ETF | Reduce -9.5% | 0.16% | −0.07 |
| EMLP First Trust North American E | Reduce -5.9% | 0.50% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.3% | 0.51% | −0.06 |
| NOW ServiceNow Inc. | Reduce -3.4% | 0.33% | −0.05 |
| AMP Ameriprise Financial Inc. | Reduce -1.3% | 0.95% | −0.04 |
| FTSL First Trust Senior Loan ETF | Reduce -5.5% | 0.32% | −0.04 |
| OTIS Otis Worldwide Corp. | Reduce -3.1% | 0.21% | −0.04 |
| OMC Omnicom Group | Reduce -7.6% | 0.20% | −0.04 |
| CHD Church & Dwight Co. Inc. | Reduce -5.8% | 0.42% | −0.04 |
| CB Chubb Ltd. | Reduce -0.5% | 1.59% | −0.04 |
| PFF iShares Preferred & Income S | Reduce -10.8% | 0.19% | −0.04 |
| ECL Ecolab Inc. | Reduce -0.4% | 1.59% | −0.03 |
| MZTI The Marzetti Company | Reduce -0.4% | 0.10% | −0.03 |
| PFE Pfizer Inc. | Reduce -1.6% | 0.10% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 0.70% | −0.02 |
| CTAS Cintas Corp. | Reduce -0.1% | 0.39% | −0.02 |
| BKNG Booking Holdings Inc. | Reduce -3.2% | 0.57% | −0.02 |
| VRSK Verisk Analytics Inc. | Reduce -43.7% | 0.02% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -15.3% | 0.04% | −0.02 |
| LIN Linde PLC | Reduce -1.1% | 0.66% | −0.02 |
| T AT&T Inc. | Reduce -4.3% | 0.03% | −0.02 |
| BDX Becton Dickinson and Co. | Reduce -13.0% | 0.06% | −0.02 |
| HON Honeywell International Inc. | Reduce -7.8% | 0.01% | −0.02 |
| ADBE Adobe Inc. | Reduce -26.4% | 0.02% | −0.02 |
| UBER Uber Technologies Inc. | Reduce -0.9% | 0.19% | −0.01 |
| AWK American Water Works Co. Inc. | Reduce -6.6% | 0.07% | −0.01 |
| AJG Arthur J Gallagher & Co. | Reduce -1.2% | 0.81% | −0.01 |
| INTU Intuit Inc. | Reduce -5.2% | 0.01% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -14.9% | 0.05% | −0.01 |
| CHKP Check Point Software Tech | Reduce -4.9% | 0.05% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| PANW Palo Alto Networks Inc. | Add +7.3% | 1.34% | +0.71 |
| LLY Eli Lilly & Co. | Add +2.7% | 2.52% | +0.52 |
| AVGO Broadcom Inc. | Add +8.9% | 1.21% | +0.24 |
| AMZN Amazon.com Inc. | Add +2.1% | 1.68% | +0.15 |
| ABBV Abbvie Inc. | Add +0.7% | 1.06% | +0.09 |
| CGNX Cognex Corp. | Add +2.4% | 0.29% | +0.09 |
| CAT Caterpillar Inc. | Add +5.8% | 0.26% | +0.09 |
| QCOM Qualcomm Inc. | Add +0.2% | 0.31% | +0.08 |
| IBM Intl Business Machines Corp. | Add +30.4% | 0.24% | +0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Add +0.7% | 1.34% | +0.07 |
| TXN Texas Instruments Inc. | Add +8.6% | 0.11% | +0.04 |
| AMAT Applied Materials Inc. | Add +1.5% | 0.06% | +0.03 |
| META Meta Platforms Inc. Class A | Add +11.0% | 1.02% | +0.03 |
| CHEF The Chefs' Warehouse Inc. | Add +1.6% | 0.08% | +0.03 |
| MDB Mongodb Inc. | Add +3.8% | 0.10% | +0.03 |
| ADI Analog Devices Inc. | Add +4.7% | 0.13% | +0.02 |
| CSL Carlisle Cos Inc. | Add +1.6% | 0.63% | +0.02 |
| MU Micron Technology Inc. | Add +6.0% | 0.03% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +49.0% | 0.05% | +0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +37.1% | 0.05% | +0.01 |
| ETN Eaton Corp. PLC | Add +53.0% | 0.03% | +0.01 |
| DE Deere & Co. | Add +15.6% | 0.06% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +21.8% | 0.05% | +0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +4.0% | 0.12% | +0.01 |
| SBUX Starbucks Corp. | Add +1.9% | 0.11% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +13.6% | 0.04% | +0.01 |
| EMR Emerson Electric Co. | Add +1.0% | 0.19% | +0.01 |
| BX Blackstone Inc. | Add +37.8% | 0.03% | +0.01 |
| NFLX Netflix Inc. | Add +49.9% | 0.15% | +0.01 |
| SNDK Sandisk Corp. | New | 0.01% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +9.4% | 0.01% | +0.01 |
| WTS Watts Water Technologies-A | Add +4.1% | 0.03% | +0.01 |
| CVS CVS Health Corp. | Add +8.1% | 0.02% | +0.01 |
| TT Trane Technologies PLC | New | 0.01% | +0.01 |
| ICLR Icon PLC | Add +0.6% | 0.02% | +0.01 |
| MS Morgan Stanley | Add +24.2% | 0.02% | +0.01 |
| UNP Union Pacific Corp. | Add +4.8% | 0.06% | +0.01 |
| KLAC KLA Corp. | Add +0.3% | 0.01% | +0.01 |
| REET iShares Global REIT ETF | New | 0.01% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +17.7% | 0.01% | +0.00 |
| VGK Vanguard Ftse Europe ETF | Add +113.3% | 0.01% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.9% | 0.05% | +0.00 |
| LRCX Lam Research Corp. | New | 0.00% | +0.00 |
| AMG Affiliated Managers Group | Add +16.3% | 0.02% | +0.00 |
| GLW Corning Inc. | New | 0.00% | +0.00 |
| WELL Welltower Inc. | New | 0.00% | +0.00 |
| DGRO iShares Core Dividend Growth | Add +76.4% | 0.01% | +0.00 |
| KN Knowles Corp. | New | 0.00% | +0.00 |
| UAMY United States Antimony Corp. | New | 0.00% | +0.00 |
| UBS UBS Group AG-Reg | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 388 | $8.2B | NVDA, AAPL, GOOG, MSFT, ORLY |
| Q1 2026 | 368 | $7.7B | NVDA, AAPL, GOOG, MSFT, ORLY |
| Q4 2025 | 374 | $8.3B | NVDA, AAPL, MSFT, GOOG, ORLY |
| Q3 2025 | 383 | $8.3B | NVDA, MSFT, AAPL, ORLY, GOOG |
| Q2 2025 | 372 | $8.0B | NVDA, MSFT, AAPL, ORLY, V |
| Q1 2025 | 370 | $7.6B | NVDA, AAPL, MSFT, ORLY, V |
| Q4 2024 | 379 | $7.8B | NVDA, AAPL, MSFT, ORLY, V |
| Q3 2024 | 373 | $7.9B | NVDA, AAPL, MSFT, ORLY, V |
| Q2 2024 | 366 | $7.5B | NVDA, MSFT, AAPL, GOOG, ORLY |
| Q1 2024 | 378 | $7.3B | NVDA, MSFT, AAPL, ORLY, V |