WELCH & FORBES LLC

Q3 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
9/30/2025
Date filed
11/4/2025
Form type
13F-HR
Num holdings
383
Total value ($000)
$8,303,159
Net value change ($000)
+295,129 (3.7%)
New positions
16
Sold out positions
5
Turnover %
1.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/5/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
NVDA 86,984 15.6%
AAPL 82,461 23.2%
GOOGL 78,864 36.8%
ORLY 45,513 17.1%
GOOGL 28,434 37.5%
PANW 26,233 689.3%
RTX 22,279 13.2%
JNJ 20,356 19.4%
IDXX 17,274 19.1%
MSFT 16,773 3.8%
Top Reduces (Value $000, Stocks/ETFs)
AKX -133,774 -100.0%
FISV -36,801 -24.7%
KMX -20,984 -36.4%
ROP -14,063 -12.4%
DHR -13,932 -10.1%
SYK -13,637 -6.7%
V -11,764 -4.5%
COST -11,472 -7.1%
VRTX -10,421 -10.8%
ACN -9,100 -24.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type