WELCH & FORBES LLC

$7.7B reported 13(f) long value · latest quarter 2026-06-30 · CIK 105495 · EDGAR ↗

sum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away: $7.7B
ALL retained default holdings for this (filer, period), including NULL-value ones: 368
positions with no comparable holding in the prior quarter (kind new), 2026-03-31: 9
positions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record: 15

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ methodology §13F ↗

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	reported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
position key `pos:15642` · issuer key `iss:1334` COM	TRIM	−$82.4M	−240,909	$622M	$540M	3,337,312	3,096,403
position key `pos:13215` · issuer key `iss:144` COM	TRIM	−$36.4M	−22,288	$463M	$426M	1,702,197	1,679,909
position key `pos:17821` · issuer key `iss:89` CAP STK CL C	TRIM	−$36.1M	−14,503	$372M	$336M	1,186,866	1,172,363
position key `pos:11825` · issuer key `iss:1225` COM	TRIM	−$103M	−5,877	$429M	$326M	887,460	881,583
position key `pos:11403` · issuer key `iss:1342` COM	TRIM	−$316K	−37,617	$262M	$261M	2,869,787	2,832,170
position key `pos:12848` · issuer key `iss:1921` COM CL A	TRIM	−$37.0M	−6,171	$255M	$217M	725,722	719,551
position key `pos:15626` · issuer key `iss:1529` COM	TRIM	+$5.1M	−28,646	$206M	$211M	1,123,240	1,094,594
position key `pos:18039` · issuer key `iss:1025` COM	TRIM	−$22.5M	−13,050	$215M	$192M	665,957	652,907
position key `pos:15220` · issuer key `iss:1725` COM	TRIM	−$12.9M	−3,424	$180M	$167M	512,479	509,055
position key `pos:12030` · issuer key `iss:525` COM	TRIM	+$20.8M	−979	$140M	$161M	162,345	161,366
position key `pos:13599` · issuer key `iss:1035` COM	TRIM	+$22.1M	−12,566	$139M	$161M	670,094	657,528
position key `pos:15863` · issuer key `iss:1123` COM	ADD	−$25.6M	+417	$180M	$155M	167,818	168,235
position key `pos:10715` · issuer key `iss:916` COM	ADD	−$6.4M	+214	$147M	$141M	428,480	428,694
position key `pos:11267` · issuer key `iss:2257` COM	TRIM	+$3.1M	−7,199	$123M	$126M	393,955	386,756
position key `pos:16716` · issuer key `iss:633` COM	TRIM	+$1.2M	−1,721	$124M	$125M	472,164	470,443
position key `pos:17899` · issuer key `iss:1745` COM	TRIM	+$3.8M	−5,992	$120M	$123M	777,967	771,975
position key `pos:14175` · issuer key `iss:95` COM	ADD	−$11.7M	+4,800	$130M	$118M	563,166	567,966
position key `pos:15142` · issuer key `iss:89` CAP STK CL A	TRIM	−$14.1M	−11,680	$132M	$118M	421,125	409,445
position key `pos:15144` · issuer key `iss:556` COM	TRIM	−$25.5M	−6,338	$142M	$116M	618,995	612,657
position key `pos:14992` · issuer key `iss:1485` COM	TRIM	+$236K	−4,376	$110M	$110M	768,228	763,852
position key `pos:17758` · issuer key `iss:1605` UTSER1 S&PDCRP	TRIM	−$959K	−5,199	$101M	$99.6M	166,753	161,554
position key `pos:10586` · issuer key `iss:1908` COM	ADD	−$831K	+1,471	$98.9M	$98.1M	218,198	219,669
position key `pos:16368` · issuer key `iss:953` COM	TRIM	−$19.3M	−101	$114M	$94.5M	168,282	168,181
position key `pos:16096` · issuer key `iss:1206` COM	TRIM	+$830K	−2,417	$93.6M	$94.5M	306,406	303,989
position key `pos:11717` · issuer key `iss:440` COM	TRIM	+$20.7M	−7,159	$62.1M	$82.9M	407,695	400,536
position key `pos:16809` · issuer key `iss:119` COM	TRIM	−$8.2M	−417	$85.3M	$77.1M	173,878	173,461
position key `pos:11390` · issuer key `iss:720` CL A	ADD	−$9.2M	+3,938	$85.8M	$76.6M	130,031	133,969
position key `pos:17199` · issuer key `iss:1948` COM	TRIM	+$5.3M	−913	$71.0M	$76.3M	210,718	209,805
position key `pos:15499` · issuer key `iss:23` COM	TRIM	−$4.3M	−2,332	$79.0M	$74.7M	345,947	343,615
position key `pos:12827` · issuer key `iss:323` COM	ADD	−$4.7M	+11,865	$79.5M	$74.7M	229,576	241,441
position key `pos:17837` · issuer key `iss:1223` COM	TRIM	−$8.6M	−541	$82.7M	$74.2M	59,348	58,807
position key `pos:16392` · issuer key `iss:1549` COM	TRIM	−$5.8M	−1,964	$79.1M	$73.3M	328,371	326,407
position key `pos:11063` · issuer key `iss:1009` COM	TRIM	+$12.2M	−4,296	$54.4M	$66.6M	656,364	652,068
position key `pos:13490` · issuer key `iss:1939` COM	TRIM	+$5.4M	−12,131	$59.6M	$65.0M	535,229	523,098
position key `pos:12366` · issuer key `iss:22` COM	TRIM	−$14.5M	−2,075	$79.2M	$64.7M	631,911	629,836
position key `pos:13833` · issuer key `iss:1435` COM	TRIM	+$3.0M	−13,196	$61.6M	$64.6M	429,173	415,977
position key `pos:10193` · issuer key `iss:1574` COM	TRIM	−$22.8M	−14,343	$86.6M	$63.7M	194,463	180,120
position key `pos:17983` · issuer key `iss:799` COM	TRIM	−$12.6M	−990	$76.2M	$63.5M	294,278	293,288
position key `pos:10718` · issuer key `iss:1311` COM	TRIM	+$8.5M	−639	$54.3M	$62.7M	676,027	675,388
position key `pos:17409` · issuer key `cusip6:921943` VAN FTSE DEV MKT	ADD	+$1.8M	+3,028	$60.4M	$62.2M	967,383	970,411
position key `pos:11205` · issuer key `iss:255` CL B NEW	TRIM	−$3.3M	−1,095	$59.6M	$56.3M	118,631	117,536
position key `pos:12577` · issuer key `iss:1126` COM	TRIM	+$1.3M	−2,752	$51.0M	$52.3M	212,640	209,888
position key `pos:12681` · issuer key `iss:2154` SHS	ADD	+$7.6M	+700	$44.6M	$52.2M	104,570	105,270
position key `pos:14555` · issuer key `iss:1996` COM	ADD	−$5.3M	+12,023	$54.7M	$49.5M	401,832	413,855
position key `pos:11944` · issuer key `iss:454` COM	TRIM	−$333K	−8,929	$49.5M	$49.2M	642,476	633,547
position key `pos:14552` · issuer key `iss:711` COM	TRIM	+$13.6M	−4,032	$34.8M	$48.4M	289,014	284,982
position key `pos:14782` · issuer key `iss:1406` COM	ADD	+$5.0M	+66,141	$43.2M	$48.2M	234,423	300,564
position key `pos:10743` · issuer key `iss:1088` COM	TRIM	+$6.3M	−2,788	$41.4M	$47.7M	140,884	138,096
position key `pos:13234` · issuer key `iss:230` COM	TRIM	−$6.8M	−13,383	$54.4M	$47.6M	989,978	976,595
position key `pos:10146` · issuer key `iss:397` COM	ADD	+$4.8M	+8,940	$42.1M	$46.9M	131,526	140,466
position key `pos:10854` · issuer key `iss:300` COM	ADD	−$11.3M	+215	$57.1M	$45.8M	10,655	10,870
position key `pos:10793` · issuer key `iss:195` COM	TRIM	−$12.8M	−2,548	$58.3M	$45.5M	226,508	223,960
position key `pos:15125` · issuer key `iss:1798` COM	TRIM	−$7.9M	−150	$51.6M	$43.7M	89,084	88,934
position key `sid:sec:prov:f35bddf030a6dfbadd581061c9aa8705` · issuer key `cusip6:33738D` NO AMER ENERGY	TRIM	+$4.1M	−44,696	$39.4M	$43.5M	1,040,699	996,003
position key `pos:12068` · issuer key `iss:1677` COM	TRIM	−$949K	−6,037	$39.2M	$38.2M	585,817	579,780
position key `pos:17751` · issuer key `iss:1214` COM	TRIM	+$4.3M	−4,861	$33.9M	$38.2M	322,229	317,368
position key `pos:16657` · issuer key `iss:446` COM	TRIM	+$1.2M	−28,420	$34.2M	$35.4M	407,322	378,902
position key `pos:15892` · issuer key `iss:7` COM	TRIM	−$645K	−4,237	$35.4M	$34.8M	321,248	317,011
position key `pos:14282` · issuer key `iss:1417` COM	TRIM	−$8.0M	−6,357	$41.3M	$33.4M	368,473	362,116
position key `pos:10935` · issuer key `iss:1902` COM	TRIM	+$5.7M	−12,400	$27.1M	$32.7M	664,664	652,264
position key `pos:17845` · issuer key `iss:455` COM	TRIM	−$3.6M	−88	$35.8M	$32.2M	190,507	190,419
position key `pos:15147` · issuer key `iss:604` COM	TRIM	+$1.8M	−739	$28.2M	$29.9M	144,182	143,443
position key `pos:13683` · issuer key `iss:1648` COM	ADD	−$4.9M	+58,687	$34.6M	$29.8M	226,177	284,864
position key `pos:11570` · issuer key `iss:1599` TR UNIT	TRIM	−$8.6M	−10,530	$38.3M	$29.7M	56,158	45,628
position key `sid:sec:prov:509dedad8eaca601fadd607c86b6e7ca` · issuer key `cusip6:33738D` SENIOR LN FD	TRIM	−$3.7M	−65,089	$32.0M	$28.3M	696,962	631,873
position key `pos:14143` · issuer key `iss:748` COM	TRIM	−$9.2M	−50,990	$37.4M	$28.3M	557,384	506,394
position key `pos:11633` · issuer key `iss:673` COM	ADD	+$6.0M	+615	$19.3M	$25.3M	25,179	25,794
position key `pos:11849` · issuer key `iss:104` COM	TRIM	−$7.5M	−5,482	$32.3M	$24.7M	87,246	81,764
position key `pos:11393` · issuer key `iss:545` COM	TRIM	+$384K	−1,559	$22.6M	$23.0M	44,370	42,811
position key `pos:16504` · issuer key `iss:1251` COM	ADD	−$3.5M	+580	$25.7M	$22.2M	50,215	50,795
position key `pos:15619` · issuer key `iss:1810` COM	TRIM	−$2.7M	−9,931	$24.4M	$21.6M	487,847	477,916
position key `pos:10493` · issuer key `iss:471` COM	TRIM	+$1.6M	−2,470	$19.8M	$21.4M	283,587	281,117
position key `pos:14318` · issuer key `iss:1382` COM	TRIM	−$2.6M	−902	$21.5M	$18.9M	246,580	245,678
position key `pos:18191` · issuer key `iss:1654` CL A SUB VTG SHS	ADD	−$6.4M	+597	$24.6M	$18.2M	152,934	153,531
position key `pos:12832` · issuer key `iss:1358` COM	TRIM	−$2.4M	−14,131	$20.4M	$18.0M	252,500	238,369
position key `pos:17533` · issuer key `iss:1509` COM	TRIM	−$6.1M	−1,785	$24.0M	$17.8M	140,036	138,251
position key `pos:12416` · issuer key `iss:398` COM	TRIM	+$492K	−19,740	$17.3M	$17.7M	446,573	426,833
position key `pos:13661` · issuer key `iss:1013` PFD AND INCM SEC	TRIM	−$674K	−9,686	$18.4M	$17.7M	594,427	584,741
position key `pos:14033` · issuer key `iss:1012` CORE S&P SCP ETF	ADD	+$964K	+3,169	$16.6M	$17.5M	137,975	141,144
position key `sid:sec:prov:8cc6d731232d1ac429fb431a7ea6a184` · issuer key `cusip6:92189F` GOLD MINERS ETF	TRIM	−$1.2M	−27,026	$18.4M	$17.2M	214,275	187,249
position key `pos:16072` · issuer key `iss:1370` COM	ADD	−$5.2M	+1,280	$22.0M	$16.8M	112,655	113,935
position key `pos:17429` · issuer key `iss:2052` SHS CLASS A	TRIM	−$6.9M	−3,877	$23.6M	$16.7M	88,054	84,177
position key `pos:12696` · issuer key `iss:1845` COM	TRIM	−$4.7M	−30,703	$20.8M	$16.1M	254,751	224,048
position key `pos:17629` · issuer key `iss:476` COM	TRIM	+$3.9M	−7,745	$11.9M	$15.8M	330,638	322,893
position key `pos:16185` · issuer key `iss:647` COM	TRIM	−$546K	−2,698	$15.0M	$14.5M	113,174	110,476
position key `pos:16440` · issuer key `iss:637` COM	TRIM	−$1.1M	−2,167	$15.5M	$14.4M	181,671	179,504
position key `pos:17708` · issuer key `iss:707` COM	TRIM	−$863K	−1,902	$15.2M	$14.4M	102,259	100,357
position key `pos:13432` · issuer key `iss:411` COM	TRIM	+$2.4M	−374	$11.1M	$13.5M	19,405	19,031
position key `pos:18221` · issuer key `iss:1739` COM	TRIM	−$3.4M	−2,065	$16.7M	$13.3M	35,556	33,491
position key `pos:12492` · issuer key `iss:810` COM NEW	ADD	−$957K	+499	$13.9M	$13.0M	45,283	45,782
position key `pos:10136` · issuer key `iss:990` COM	TRIM	−$3.0M	−466	$16.0M	$13.0M	53,911	53,445
position key `pos:15433` · issuer key `iss:1290` COM	ADD	+$11.1M	+115,125	$312K	$11.4M	3,323	118,448
position key `pos:10307` · issuer key `iss:1012` CORE S&P500 ETF	TRIM	−$1.4M	−1,276	$12.6M	$11.1M	18,340	17,064
position key `pos:18266` · issuer key `iss:1094` COM	TRIM	−$1.9M	−120	$11.9M	$10.0M	72,543	72,423
position key `pos:10790` · issuer key `iss:1444` COM	TRIM	+$876K	−9,079	$8.9M	$9.7M	355,663	346,584
position key `pos:17386` · issuer key `iss:806` COM	ADD	+$2.5M	+124	$7.2M	$9.7M	11,000	11,124
position key `pos:16525` · issuer key `iss:58` COM	TRIM	+$1.4M	−250	$8.3M	$9.7M	33,512	33,262
position key `pos:14360` · issuer key `iss:1327` SPONSORED ADR	TRIM	+$380K	−3,462	$8.4M	$8.8M	61,088	57,626
position key `pos:11671` · issuer key `iss:122` COM	TRIM	+$582K	−85	$8.2M	$8.7M	24,931	24,846
position key `pos:13768` · issuer key `iss:1651` COM	TRIM	−$95.0K	−3	$8.8M	$8.7M	27,013	27,010

Flags: no row carries a flag.

1–20 of the 100 changes on this page

Mark-to-market only (no share change) · 95

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
position matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	the reported share count is unchanged across the pair; this build's data classified the change from its reported value; builds from 2026-09-10 on read it as NO CHANGE `classified_by_value` · EXIT = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · NO CHANGE = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an ADD or a TRIM (NEW / ADD / TRIM / EXIT / NO CHANGE) · NO PRIOR = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	derived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
position key `pos:16076` · issuer key `iss:826` SPONSORED ADR	NO CHANGE	+$3.2M	$25.4M	$28.6M	518,597	518,597
position key `pos:11871` · issuer key `iss:1011` ISHARES NEW	NO CHANGE	+$607K	$7.1M	$7.7M	86,883	86,883
position key `pos:15018` · issuer key `iss:871` SPON ADS	NO CHANGE	−$64.4K	$6.5M	$6.4M	643,501	643,501
position key `pos:15592` · issuer key `iss:954` COM	NO CHANGE	+$309K	$5.4M	$5.8M	22,120	22,120
position key `pos:17394` · issuer key `iss:2271` ORD	NO CHANGE	−$1.5M	$6.3M	$4.9M	33,995	33,995
position key `pos:16516` · issuer key `iss:1012` RUS 2000 GRW ETF	NO CHANGE	−$129K	$4.5M	$4.4M	13,980	13,980
position key `pos:11941` · issuer key `iss:1573` COM	NO CHANGE	−$455K	$4.1M	$3.7M	68,856	68,856
position key `pos:10213` · issuer key `iss:82` COM	NO CHANGE	+$339K	$3.3M	$3.6M	50,264	50,264
position key `pos:14990` · issuer key `iss:1602` STATE STREET SPD	NO CHANGE	+$150K	$3.1M	$3.2M	22,079	22,079
position key `pos:14787` · issuer key `iss:1180` COM	NO CHANGE	+$993K	$2.0M	$3.0M	12,175	12,175
position key `pos:10714` · issuer key `iss:1633` US DIVIDEND EQ	NO CHANGE	+$300K	$2.5M	$2.8M	92,277	92,277
position key `pos:10986` · issuer key `cusip6:922908` VALUE ETF	NO CHANGE	+$74.7K	$2.7M	$2.8M	14,336	14,336
position key `pos:14157` · issuer key `iss:149` COM	NO CHANGE	+$571K	$1.7M	$2.3M	6,736	6,736
position key `sid:sec:prov:a6af43739e299357c8251501c7098abe` · issuer key `cusip6:27826U` SH BEN INT	NO CHANGE	−$72.0K	$2.2M	$2.1M	205,784	205,784
position key `sid:sec:prov:ead4136001e20c053d7f45b14bcdc536` · issuer key `cusip6:46429B` MSCI USA MIN VOL	NO CHANGE	−$27.1K	$1.8M	$1.8M	19,116	19,116
position key `sid:sec:prov:c58e96c85f4503f8642ac51cdf0b516b` · issuer key `cusip6:37946R` COM UNITS	NO CHANGE	+$9.4K	$1.6M	$1.6M	37,420	37,420
position key `sid:sec:prov:bcacedf27046f20b2ba69aa114befa19` · issuer key `cusip6:66405S` COM	NO CHANGE	+$118K	$1.5M	$1.6M	14,000	14,000
position key `pos:18249` · issuer key `iss:1949` CL A	NO CHANGE	+$75.3K	$1.5M	$1.5M	5,280	5,280
position key `sid:sec:prov:07646ab00566418db3b000ee163a95ee` · issuer key `cusip6:922042` FTSE SMCAP ETF	NO CHANGE	+$25.4K	$1.5M	$1.5M	10,334	10,334
position key `pos:15134` · issuer key `iss:1844` COM NEW	NO CHANGE	−$33.2K	$1.3M	$1.3M	24,605	24,605
position key `sid:sec:prov:68ebd5b25c024c4db1cd9afcf47e6149` · issuer key `cusip6:41013V` COM	NO CHANGE	+$55.5K	$1.2M	$1.2M	50,000	50,000
position key `sid:sec:prov:51994f8a46b3655c3591e043fc86d92e` · issuer key `cusip6:85208R` PHYSICAL GOLD AN	NO CHANGE	+$48.2K	$1.1M	$1.2M	25,100	25,100
position key `pos:14857` · issuer key `iss:51` COM	NO CHANGE	−$40.5K	$1.0M	$968K	3,500	3,500
position key `pos:16804` · issuer key `iss:1945` COM	NO CHANGE	−$71.7K	$973K	$902K	5,550	5,550
position key `sid:sec:prov:5e87afee90298bcc5c39881f8e0512f6` · issuer key `cusip6:09225M` COM UNIT	NO CHANGE	+$108K	$784K	$892K	58,966	58,966
position key `pos:12699` · issuer key `iss:1012` S&P MC 400GR ETF	NO CHANGE	+$31.3K	$811K	$842K	8,373	8,373
position key `pos:13495` · issuer key `iss:761` COM	NO CHANGE	+$330K	$446K	$776K	8,000	8,000
position key `pos:12766` · issuer key `iss:1817` COM	NO CHANGE	+$4.2K	$757K	$762K	2,611	2,611
position key `pos:13933` · issuer key `iss:1307` COM	NO CHANGE	+$57.0K	$678K	$735K	6,790	6,790
position key `pos:15485` · issuer key `iss:903` COM	NO CHANGE	+$90.7K	$637K	$728K	3,500	3,500
position key `pos:11020` · issuer key `iss:255` CL A	NO CHANGE	−$36.7K	$755K	$718K	1	1
position key `pos:11296` · issuer key `iss:1012` RUS 2000 VAL ETF	NO CHANGE	+$30.8K	$666K	$697K	3,675	3,675
position key `sid:sec:prov:2ebaaa42ac21ece1774b2d90b0541929` · issuer key `cusip6:85207H` PHYSICAL GOLD TR	NO CHANGE	+$47.3K	$646K	$693K	19,550	19,550
position key `pos:15241` · issuer key `iss:885` COM	NO CHANGE	−$12.2K	$657K	$645K	4,766	4,766
position key `pos:14429` · issuer key `iss:923` COM	NO CHANGE	+$70.1K	$565K	$635K	2,757	2,757
position key `pos:11059` · issuer key `iss:322` COM	NO CHANGE	−$237K	$870K	$634K	3,900	3,900
position key `sid:sec:prov:8f84e4bccfedd905f8602bd39e2de909` · issuer key `cusip6:92204A` HEALTH CAR ETF	NO CHANGE	−$34.6K	$642K	$608K	2,231	2,231
position key `pos:13906` · issuer key `iss:1012` S&P 500 VAL ETF	NO CHANGE	−$2.4K	$551K	$549K	2,600	2,600
position key `sid:sec:prov:cd68b3f292acf72305378713e28b3aaa` · issuer key `cusip6:337345` SHS	NO CHANGE	−$35.5K	$574K	$538K	2,493	2,493
position key `pos:11361` · issuer key `iss:1042` COM	NO CHANGE	−$202K	$737K	$535K	5,781	5,781
position key `pos:16286` · issuer key `iss:1862` COM	NO CHANGE	−$57.1K	$572K	$515K	707	707
position key `pos:16347` · issuer key `iss:1759` COM	NO CHANGE	+$98.9K	$412K	$511K	4,216	4,216
position key `pos:17516` · issuer key `iss:1012` ISHARES SEMICDTR	NO CHANGE	+$39.5K	$432K	$471K	1,434	1,434
position key `pos:16249` · issuer key `cusip6:921908` DIV APP ETF	NO CHANGE	−$10.1K	$471K	$461K	2,145	2,145
position key `pos:12920` · issuer key `iss:1289` COM	NO CHANGE	−$20.4K	$465K	$445K	4,344	4,344
position key `pos:18187` · issuer key `iss:1040` COM NEW	NO CHANGE	+$77.2K	$365K	$442K	300	300
position key `pos:11002` · issuer key `iss:696` COM	NO CHANGE	+$12.3K	$424K	$436K	6,298	6,298
position key `sid:sec:prov:ff7b644613b9cd2eeae9546f3c701398` · issuer key `cusip6:433323` COM	NO CHANGE	+$2.9K	$433K	$436K	1,525	1,525
position key `pos:16131` · issuer key `iss:1632` COM	NO CHANGE	−$27.4K	$462K	$434K	4,621	4,621
position key `pos:17250` · issuer key `iss:54` COM	NO CHANGE	+$70.6K	$358K	$428K	2,111	2,111
position key `sid:sec:prov:5c6d5dca922e4d64cfcb6dff86497101` · issuer key `cusip6:89055F` COM	NO CHANGE	−$80.3K	$509K	$428K	1,219	1,219
position key `pos:17863` · issuer key `iss:1147` COM	NO CHANGE	+$10.7K	$412K	$423K	2,046	2,046
position key `pos:17452` · issuer key `iss:1604` UT SER 1	NO CHANGE	−$15.8K	$438K	$422K	911	911
position key `pos:14474` · issuer key `iss:1052` COM	NO CHANGE	−$244	$420K	$420K	24,345	24,345
position key `pos:17525` · issuer key `iss:631` COM	NO CHANGE	+$17.8K	$396K	$414K	4,549	4,549
position key `pos:10484` · issuer key `iss:805` COM	NO CHANGE	−$244K	$656K	$412K	2,600	2,600
position key `pos:10904` · issuer key `iss:1569` COM	NO CHANGE	−$30.7K	$395K	$365K	1,016	1,016
position key `pos:12367` · issuer key `iss:1627` COM STK	NO CHANGE	+$90.3K	$266K	$357K	6,940	6,940
position key `pos:17153` · issuer key `iss:386` COM	NO CHANGE	+$108K	$246K	$354K	7,270	7,270
position key `pos:16053` · issuer key `cusip6:78468R` STATE STREET SPD	NO CHANGE	+$10.6K	$340K	$351K	7,263	7,263
position key `pos:13874` · issuer key `iss:1012` ISHARES BIOTECH	NO CHANGE	+$165	$347K	$347K	2,057	2,057
position key `pos:15235` · issuer key `iss:125` CL A	NO CHANGE	−$24.1K	$371K	$347K	2,746	2,746
position key `pos:16764` · issuer key `iss:1837` COM	NO CHANGE	−$112K	$454K	$342K	1,000	1,000
position key `sid:sec:prov:d114f7c8698b03c4e5115df8328a06a0` · issuer key `cusip6:46620W` COM	NO CHANGE	−$67.4K	$409K	$342K	29,825	29,825
position key `pos:15267` · issuer key `iss:1395` COM	NO CHANGE	+$14.0K	$325K	$339K	3,173	3,173
position key `pos:12281` · issuer key `iss:1321` COM	NO CHANGE	+$7.1K	$325K	$332K	2,380	2,380
position key `pos:16107` · issuer key `iss:830` COM	NO CHANGE	−$1.6K	$332K	$331K	2,375	2,375
position key `pos:17607` · issuer key `iss:1988` CL A	NO CHANGE	−$207K	$524K	$317K	2,442	2,442
position key `sid:sec:prov:cdd10414e490441353b8d5156a0f8caf` · issuer key `cusip6:922042` FTSE EUROPE ETF	NO CHANGE	−$4.5K	$318K	$313K	3,800	3,800
position key `pos:10372` · issuer key `iss:873` COM	NO CHANGE	+$81.5K	$215K	$296K	7,600	7,600
position key `pos:12791` · issuer key `iss:2307` ORD	NO CHANGE	+$22.7K	$272K	$295K	4,508	4,508
position key `pos:17214` · issuer key `iss:298` COM	NO CHANGE	−$26.6K	$319K	$292K	1,469	1,469
position key `pos:11383` · issuer key `iss:1000` DORSEY WRIGHT MO	NO CHANGE	+$10.5K	$282K	$292K	2,419	2,419
position key `pos:11589` · issuer key `iss:1207` COM	NO CHANGE	+$13.9K	$273K	$287K	2,600	2,600
position key `pos:12525` · issuer key `iss:1319` COM	NO CHANGE	−$1.7K	$285K	$283K	987	987
position key `pos:13079` · issuer key `iss:1364` COM	NO CHANGE	+$51.5K	$224K	$276K	3,049	3,049
position key `pos:12445` · issuer key `iss:1405` CL A	NO CHANGE	−$57.2K	$323K	$266K	1,819	1,819
position key `pos:11321` · issuer key `iss:239` COM SHS	NO CHANGE	−$17.9K	$283K	$265K	6,500	6,500
position key `pos:11695` · issuer key `cusip6:922908` LARGE CAP ETF	NO CHANGE	−$14.1K	$278K	$264K	884	884
position key `pos:10621` · issuer key `iss:258` SPONSORED ADS	NO CHANGE	+$44.8K	$218K	$263K	3,619	3,619
position key `pos:10246` · issuer key `iss:906` COM	NO CHANGE	−$2.2K	$257K	$255K	10,700	10,700
position key `pos:14456` · issuer key `iss:1794` COM	NO CHANGE	+$1.1K	$251K	$252K	2,880	2,880
position key `pos:17712` · issuer key `iss:1630` COM	NO CHANGE	+$25.6K	$220K	$246K	5,000	5,000
position key `pos:16327` · issuer key `iss:1012` 7-10 YR TRSY BD	NO CHANGE	−$1.8K	$245K	$243K	2,551	2,551
position key `sid:sec:prov:c6c72f204d55ac41f664cbe23f8574fe` · issuer key `cusip6:46435G` ESG AW MSCI EAFE	NO CHANGE	+$1.3K	$241K	$243K	2,538	2,538
position key `pos:17765` · issuer key `iss:595` COM	NO CHANGE	+$12.5K	$227K	$239K	3,870	3,870
position key `pos:17573` · issuer key `iss:815` COM	NO CHANGE	−$37.9K	$271K	$233K	2,204	2,204
position key `pos:14097` · issuer key `iss:1158` COM UNIT REP LTD	NO CHANGE	+$14.9K	$215K	$230K	4,029	4,029
position key `pos:14627` · issuer key `iss:955` COM	NO CHANGE	−$14.2K	$236K	$222K	1,802	1,802
position key `sid:sec:prov:3f4e42b13d924c8df9dc2ed9d6f25f9f` · issuer key `cusip6:27616P` COM SHS	NO CHANGE	+$2.4K	$210K	$212K	9,910	9,910
position key `pos:11463` · issuer key `iss:1012` CORE S&P TTL STK	NO CHANGE	−$9.1K	$216K	$207K	1,456	1,456
position key `pos:17156` · issuer key `iss:868` COM	NO CHANGE	−$30.7K	$223K	$192K	10,000	10,000
position key `pos:15680` · issuer key `iss:823` CL A NEW	NO CHANGE	−$65.4K	$249K	$184K	30,000	30,000
position key `sid:sec:prov:c5f3f37de4d48fd1b29c266e9a76eb0b` · issuer key `cusip6:20454B` COM	NO CHANGE	−$1.5K	$102K	$101K	19,000	19,000
position key `sid:sec:prov:48c22817d0282f6adb49db4d70f4dfa8` · issuer key `cusip6:27829F` COM	NO CHANGE	−$10.0K	$110K	$99.6K	11,500	11,500

Flags: no row carries a flag.

Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes compare every position with a security identifier, new and exited included; holdings without one are counted, not compared. methodology §13F ↗

Reported positions — 2026-03-31

1–100 of 321 issuers · $7.7B disclosed value over 368 rows · 0 undisclosed-value rows

View

This build carries one quarter for this manager: 2026-03-31. Notable managers carry four published quarters, others two.

This list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

a position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

Share of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

value undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NVIDIA CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$540M

3,096,403

7.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ALPHABET INC

2 positions · 2 reported rows

Rows WELCH & FORBES LLC reported for ALPHABET INC, as it reported them
ALPHABET INC · CAP STK CL C CUSIP — src ↗	$336M	1,172,363
ALPHABET INC · CAP STK CL A CUSIP — src ↗	$118M	409,445

$454M

1,581,808

5.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APPLE INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$426M

1,679,909

5.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MICROSOFT CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$326M

881,583

4.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

OREILLY AUTOMOTIVE INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$261M

2,832,170

3.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VISA INC · COM CL A CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$217M

719,551

2.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RTX CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$211M

1,094,594

2.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JPMORGAN CHASE & CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$192M

652,907

2.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STRYKER CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$167M

509,055

2.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COSTCO WHOLESALE CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$161M

161,366

2.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JOHNSON & JOHNSON · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$161M

657,528

2.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ELI LILLY & CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$155M

168,235

2.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HOME DEPOT INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$141M

428,694

1.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CHUBB LTD SWITZ · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$126M

386,756

1.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ECOLAB INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$125M

470,443

1.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TJX COS INC NEW · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$123M

771,975

1.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMAZON COM INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$118M

567,966

1.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DANAHER CORP DEL · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$116M

612,657

1.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PROCTER & GAMBLE CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$110M

763,852

1.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STATE STR SPDR S&P MIDCAP 40 · UTSER1 S&PDCRP CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$99.6M

161,554

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VERTEX PHARMACEUTICALS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$98.1M

219,669

1.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

IDEXX LABS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$94.5M

168,181

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MCDONALDS CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$94.5M

303,989

1.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CHEVRON CORPORATION · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$82.9M

400,536

1.1%

—

ISHARES TR

24 positions · 24 reported rows

Rows WELCH & FORBES LLC reported for ISHARES TR, as it reported them
ISHARES TR · CORE S&P SCP ETF CUSIP — src ↗	$17.5M	141,144
ISHARES TR · CORE S&P500 ETF CUSIP — src ↗	$11.1M	17,064
ISHARES TR · RUSSELL 2000 ETF CUSIP — src ↗	$6.3M	25,603
ISHARES TR · IBOXX INV CP ETF CUSIP — src ↗	$6.1M	55,870
ISHARES TR · TIPS BD ETF CUSIP — src ↗	$5.4M	49,047
ISHARES TR · CORE S&P MCP ETF CUSIP — src ↗	$5.3M	78,706
ISHARES TR · RUS 2000 GRW ETF CUSIP — src ↗	$4.4M	13,980
ISHARES TR · S&P 100 ETF CUSIP — src ↗	$4.2M	13,187
ISHARES TR · RUS 1000 ETF CUSIP — src ↗	$3.2M	9,037
ISHARES TR · CORE US AGGBD ET CUSIP — src ↗	$2.8M	28,450
ISHARES TR · MSCI EAFE ETF CUSIP — src ↗	$2.6M	26,572
ISHARES TR · RUS 1000 GRW ETF CUSIP — src ↗	$2.3M	5,412
ISHARES TR · RUS MID CAP ETF CUSIP — src ↗	$2.2M	22,435
ISHARES TR · SELECT DIVID ETF CUSIP — src ↗	$1.4M	9,451
ISHARES TR · MSCI EMG MKT ETF CUSIP — src ↗	$1.3M	22,345
ISHARES TR · RUS 1000 VAL ETF CUSIP — src ↗	$1.3M	5,895
ISHARES TR · S&P 500 GRWT ETF CUSIP — src ↗	$858K	7,589
ISHARES TR · S&P MC 400GR ETF CUSIP — src ↗	$842K	8,373
ISHARES TR · RUS 2000 VAL ETF CUSIP — src ↗	$697K	3,675
ISHARES TR · S&P 500 VAL ETF CUSIP — src ↗	$549K	2,600
ISHARES TR · ISHARES SEMICDTR CUSIP — src ↗	$471K	1,434
ISHARES TR · ISHARES BIOTECH CUSIP — src ↗	$347K	2,057
ISHARES TR · 7-10 YR TRSY BD CUSIP — src ↗	$243K	2,551
ISHARES TR · CORE S&P TTL STK CUSIP — src ↗	$207K	1,456

ticker not yet mapped

$81.7M

553,933

1.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMERIPRISE FINL INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$77.1M

173,461

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

META PLATFORMS INC · CL A CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$76.6M

133,969

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WATSCO INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$76.3M

209,805

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ABBVIE INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$74.7M

343,615

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROADCOM INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$74.7M

241,441

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

METTLER TOLEDO INTERNATIONAL · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$74.2M

58,807

1.0%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RESMED INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$73.3M

326,407

0.9%

—

FIRST TR EXCHANGE-TRADED FD

2 positions · 2 reported rows

Rows WELCH & FORBES LLC reported for FIRST TR EXCHANGE-TRADED FD, as it reported them
FIRST TR EXCHANGE-TRADED FD · NO AMER ENERGY CUSIP 33738D101 src ↗	$43.5M	996,003
FIRST TR EXCHANGE-TRADED FD · SENIOR LN FD CUSIP 33738D309 src ↗	$28.3M	631,873

ticker not yet mapped

$71.8M

1,627,876

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

IRON MTN INC DEL · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$66.6M

652,068

0.9%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WALMART INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$65.0M

523,098

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ABBOTT LABORATORIES · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$64.7M

629,836

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PEPSICO INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$64.6M

415,977

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROPER TECHNOLOGIES INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$63.7M

180,120

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GALLAGHER ARTHUR J & CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$63.5M

293,288

0.8%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NEXTERA ENERGY INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$62.7M

675,388

0.8%

—

VANGUARD TAX-MANAGED FDS · VAN FTSE DEV MKT CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

ticker not yet mapped

$62.2M

970,411

0.8%

BERKSHIRE HATHAWAY INC DEL

2 positions · 2 reported rows

Rows WELCH & FORBES LLC reported for BERKSHIRE HATHAWAY INC DEL, as it reported them
BERKSHIRE HATHAWAY INC DEL · CL B NEW CUSIP — src ↗	$56.3M	117,536
BERKSHIRE HATHAWAY INC DEL · CL A CUSIP — src ↗	$718K	1

$57.0M

117,537

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LINCOLN ELEC HLDGS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$52.3M

209,888

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LINDE PLC · SHS CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$52.2M

105,270

0.7%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

XYLEM INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$49.5M

413,855

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CISCO SYS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$49.2M

633,547

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EXXON MOBIL CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$48.4M

284,982

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PALO ALTO NETWORKS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$48.2M

300,564

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

L3HARRIS TECHNOLOGIES INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$47.7M

138,096

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BANK AMERICA CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$47.6M

976,595

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CARLISLE COS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$46.9M

140,466

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BOOKING HOLDINGS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$45.8M

10,870

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AUTOMATIC DATA PROCESSING IN · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$45.5M

223,960

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

THERMO FISHER SCIENTIFIC INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$43.7M

88,934

0.6%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SMITH A O CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$38.2M

579,780

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MERCK & CO INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$38.2M

317,368

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CHURCH & DWIGHT CO INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$35.4M

378,902

0.5%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AFLAC INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$34.8M

317,011

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PAYCHEX INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$33.4M

362,116

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VERIZON COMMUNICATIONS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$32.7M

652,264

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CINTAS CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$32.2M

190,419

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DOVER CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$29.9M

143,443

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SERVICENOW INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$29.8M

284,864

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STATE STR SPDR S&P 500 ETF T · TR UNIT CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$29.7M

45,628

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GSK PLC · SPONSORED ADR CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$28.6M

518,597

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FISERV INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$28.3M

506,394

0.4%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EQUINIX INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$25.3M

25,794

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMERICAN EXPRESS CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$24.7M

81,764

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CUMMINS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$23.0M

42,811

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MOODYS CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$22.2M

50,795

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TRACTOR SUPPLY CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$21.6M

477,916

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COCA COLA CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$21.4M

281,117

0.3%

—

ISHARES TR

3 positions · 3 reported rows

Rows WELCH & FORBES LLC reported for ISHARES TR, as it reported them
ISHARES TR · PFD AND INCM SEC CUSIP — src ↗	$17.7M	584,741
ISHARES TR · ISHS 1-5YR INVS CUSIP — src ↗	$3.2M	60,258
ISHARES TR · NATIONAL MUN ETF CUSIP — src ↗	$441K	4,153

ticker not yet mapped

$21.3M

649,152

0.3%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

OTIS WORLDWIDE CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$18.9M

245,678

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHOPIFY INC · CL A SUB VTG SHS CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$18.2M

153,531

0.2%

—

VANECK ETF TRUST

3 positions · 3 reported rows

Rows WELCH & FORBES LLC reported for VANECK ETF TRUST, as it reported them
VANECK ETF TRUST · GOLD MINERS ETF CUSIP 92189F106 src ↗	$17.2M	187,249
VANECK ETF TRUST · SEMICONDUCTR ETF CUSIP — src ↗	$460K	1,200
VANECK ETF TRUST · MRNGSTR WDE MOAT CUSIP 92189F643 src ↗	$432K	4,464

ticker not yet mapped

$18.1M

192,913

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

OMNICOM GROUP INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$18.0M

238,369

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

QUALCOMM INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$17.8M

138,251

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CARMAX INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$17.7M

426,833

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ORACLE CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$16.8M

113,935

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ACCENTURE PLC IRELAND · SHS CLASS A CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$16.7M

84,177

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UBER TECHNOLOGIES INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$16.1M

224,048

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COGNEX CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$15.8M

322,893

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EMERSON ELEC CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$14.5M

110,476

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EDWARDS LIFESCIENCES CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$14.4M

179,504

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EXPEDITORS INTL WASH INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$14.4M

100,357

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CATERPILLAR INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$13.5M

19,031

0.2%

—

VANGUARD INDEX FDS

7 positions · 7 reported rows

Rows WELCH & FORBES LLC reported for VANGUARD INDEX FDS, as it reported them
VANGUARD INDEX FDS · S&P 500 ETF SHS CUSIP 922908363 src ↗	$3.2M	5,320
VANGUARD INDEX FDS · MID CAP ETF CUSIP — src ↗	$3.0M	10,496
VANGUARD INDEX FDS · VALUE ETF CUSIP — src ↗	$2.8M	14,336
VANGUARD INDEX FDS · SMALL CP ETF CUSIP — src ↗	$2.8M	10,666
VANGUARD INDEX FDS · TOTAL STK MKT CUSIP — src ↗	$835K	2,603
VANGUARD INDEX FDS · GROWTH ETF CUSIP — src ↗	$466K	1,068
VANGUARD INDEX FDS · LARGE CAP ETF CUSIP — src ↗	$264K	884

ticker not yet mapped

$13.4M

45,373

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SYNOPSYS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$13.3M

33,491

0.2%

—

VANGUARD INTL EQUITY INDEX F

4 positions · 4 reported rows

Rows WELCH & FORBES LLC reported for VANGUARD INTL EQUITY INDEX F, as it reported them
VANGUARD INTL EQUITY INDEX F · ALLWRLD EX US CUSIP — src ↗	$8.5M	112,579
VANGUARD INTL EQUITY INDEX F · FTSE EMR MKT ETF CUSIP 922042858 src ↗	$3.0M	54,978
VANGUARD INTL EQUITY INDEX F · FTSE SMCAP ETF CUSIP 922042718 src ↗	$1.5M	10,334
VANGUARD INTL EQUITY INDEX F · FTSE EUROPE ETF CUSIP 922042874 src ↗	$313K	3,800

ticker not yet mapped

$13.2M

181,691

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GE AEROSPACE · COM NEW CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$13.0M

45,782

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INTERNATIONAL BUSINESS MACHS · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$13.0M

53,445

0.2%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NETFLIX INC. · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$11.4M

118,448

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARZETTI COMPANY · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$10.0M

72,423

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PFIZER INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$9.7M

346,584

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GE VERNOVA INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$9.7M

11,124

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AIR PRODUCTS AND CHEMICALS I · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$9.7M

33,262

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NOVARTIS AG · SPONSORED ADR CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$8.8M

57,626

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMGEN INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$8.7M

24,846

0.1%

verified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHERWIN WILLIAMS CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

src ↗

$8.7M

27,010

0.1%

1–20 of the 100 issuers on this page

Change kind and share change are in Position changes above; Congress overlap is planned.

One line per issuer, largest first; a row with no issuer key stands on its own line. Open a line for its rows as this filer reported them. The list holds every row this filer reported for the quarter. Issuer totals on the holders pages count each manager's own report once; that never removes a row here. how positions are grouped ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 59.5%below median 80.0%
Concentration index: 215 bpsbelow median 446 bps
Positions with value: 368 / 368median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

holdings whose <value> did not parse — retained and counted, never zero-filled: 0 · share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets: 59.5% · integer Herfindahl–Hirschman index in basis points over disclosed position values: 215 · QoQ moves: 383

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2026-03-31	EDGAR ↗
2026-06-30	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build, each position as this filer reported it; where the page cannot embed every reported row, the list says how many it leaves out. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Public Filings decided on 2026-08-01 to serve this list from its published build; filings newer than this build are on EDGAR.

Open WELCH & FORBES LLC's 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).