WELCH & FORBES LLC

Q4 2025 13F-HR Holdings

Location
Boston, MA
Holdings as of
12/31/2025
Date filed
2/10/2026
Form type
13F-HR
Num holdings
374
Total value ($000)
$8,254,206
Net value change ($000)
-48,953 (-0.6%)
New positions
8
Sold out positions
17
Turnover %
0.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
GOOGL 79,378 27.1%
LLY 52,017 40.5%
GOOGL 27,485 26.3%
AAPL 24,212 5.5%
DHR 18,365 14.9%
RTX 14,992 7.8%
JNJ 13,359 10.7%
PANW 13,142 43.7%
VRTX 12,626 14.6%
UBER 12,157 140.4%
Top Reduces (Value $000, Stocks/ETFs)
FISV -75,035 -66.7%
ORLY -49,269 -15.8%
MSFT -34,262 -7.4%
HD -25,770 -14.9%
NVDA -23,559 -3.6%
KMX -19,458 -53.0%
WSO -15,208 -17.6%
NOW -15,089 -30.3%
AJG -14,527 -16.0%
ROP -13,044 -13.1%
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