WF
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WELCH & FORBES LLC13F | |
WELCH & FORBES LLC | |
Last update 2025-05-02 | 370 Stocks (10 new) |
Value $7.64 Bil | Turnover 1 % |
WELCH & FORBES LLC Profile
Welch & Forbes LLC is an investment management firm based out of Boston, Massachusetts. The company was established in 1838 and has grown from its inception to now have 53 employees of which 13 are investment professionals. Welch & Forbes operates as a subsidiary of Affiliated Managers Group, Inc. and is headed by President John H. Emmons. The company conducts its research internally, investing in the public equity markets within the U.S. Welch & Forbes offers a variety of investment and wealth management services including investment portfolio management, person trust and fiduciary services, estate planning and administration, and tax and custodial services. The company invests most heavily in the information technology sector, which alone makes up over a sixth of its total asset allocations, and also invests in the health care, finance, consumer discretionary, industrials, consumer staples, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. Welch & Forbes allocates its assets diversely with none of its holdings exceed 3% of its total holdings. The company’s top 10 holdings together make up just over a fifth of its total holdings and the company has a relatively low turnover rate of approximately 5.4%. Welch & Forbes holds over $4.1 billion in total assets under management spread across approximately 2,500 accounts, all of which are discretionary accounts except for 128 accounts which make up $350 million of its managed assets. Both of the company’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing from $2.7 billion back in 2010 to its amount today. Welch & Forbes mainly caters to high net worth individuals, which alone makes up over half of its entire client base, and also provides its services to individuals, pension and profit sharing plans, charities, and corporations, in order of decreasing allocation.
WELCH & FORBES LLC Top Holdings of 2025-03-31
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Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA | NVIDIA Corp | 3,599,104 | 390,071.0 | -9.75% | 5.100 | -0.67% | 0.010 | +69.89% | +28.41% | 4,204,658.7 | Semiconductors | |
AAPL | Apple Inc | 1,742,665 | 387,098.3 | -0.88% | 5.060 | -0.05% | 0.010 | +7.35% | -15.47% | 3,154,147.7 | Hardware | |
MSFT | Microsoft Corp | 904,386 | 339,498.2 | -0.14% | 4.440 | -0.01% | 0.010 | +38.94% | +21.47% | 3,790,969.0 | Software | |
ORLY | O'Reilly Automotive Inc | 2,975,175 | 284,145.3 | -1.01% | 3.720 | -0.03% | 0.350 | -0.42% | +16.81% | 78,936.1 | Vehicles & Parts | |
V | Visa Inc | 738,002 | 258,640.4 | -0.91% | 3.380 | -0.03% | 0.040 | +6.07% | +10.81% | 681,869.3 | Credit Services | |
SYK | Stryker Corp | 516,664 | 192,328.5 | -0.11% | 2.520 | 0% | 0.140 | +12.62% | +8.63% | 148,815.0 | Medical Devices & Instruments | |
FI | Fiserv Inc | 859,496 | 189,802.6 | -1.75% | 2.480 | -0.04% | 0.160 | -20.57% | -19.32% | 91,891.9 | Software | |
GOOG | Alphabet Inc | 1,211,074 | 189,206.2 | +0.72% | 2.480 | +0.02% | 0.010 | +21.39% | -2.13% | 2,250,461.0 | Interactive Media | |
JPM | JPMorgan Chase & Co | 689,815 | 169,211.8 | -1.24% | 2.210 | -0.03% | 0.020 | +26.17% | +23.48% | 800,897.6 | Banks | |
HD | The Home Depot Inc | 430,965 | 157,944.5 | +0.07% | 2.070 | 0% | 0.040 | +1.85% | -6.44% | 357,577.1 | Retail - Cyclical |
WELCH & FORBES LLC's Historical Top Holdings Breakdowns
WELCH & FORBES LLC's Top Stock Picks
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Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
---|---|---|---|---|---|---|---|---|---|---|---|
NVDA | NVIDIA Corp | 2025-03-31 | Reduce Reduce | -0.67% | 106.98 ($126.74) 149.43 | $172.41 | 36.03% | Reduce -9.75% | 3,599,104 | -388,804 | |
NOW | ServiceNow Inc | 2025-03-31 | Add Add | +0.22% | 783.83 ($963.73) 1170.39 | $963.40 | -0.03% | Add 92.64% | 42,869 | 20,615 | |
CMCSA | Comcast Corp | 2025-03-31 | Reduce Reduce | -0.17% | 33.19 ($36.08) 38.23 | $34.54 | -4.27% | Reduce -31.41% | 788,166 | -360,962 | |
STZ | Constellation Brands Inc | 2025-03-31 | Reduce Reduce | -0.12% | 161.05 ($181.67) 222.93 | $170.57 | -6.11% | Reduce -55.82% | 33,519 | -42,351 | |
CSL | Carlisle Companies Inc | 2025-03-31 | Add Add | +0.11% | 326.43 ($358.4) 408.24 | $409.59 | 14.28% | Add 26.6% | 118,051 | 24,803 | |
AVGO | Broadcom Inc | 2025-03-31 | Add Add | +0.07% | 167.43 ($211.65) 244.7 | $283.34 | 33.87% | Add 23.1% | 174,158 | 32,685 | |
IJR | iShares Core S&P Small-Cap ETF | 2025-03-31 | Add Add | +0.06% | 102.49 ($112.84) 119.96 | $111.87 | -0.86% | Add 83.98% | 98,450 | 44,940 | |
VRTX | Vertex Pharmaceuticals Inc | 2025-03-31 | Add Add | +0.06% | 402.49 ($466) 513.76 | $459.81 | -1.33% | Add 4.98% | 207,639 | 9,858 | |
AAPL | Apple Inc | 2025-03-31 | Reduce Reduce | -0.05% | 209.68 ($231.67) 247.1 | $211.18 | -8.84% | Reduce -0.88% | 1,742,665 | -15,513 | |
META | Meta Platforms Inc | 2025-03-31 | Add Add | +0.05% | 576.36 ($645.17) 736.67 | $704.28 | 9.16% | Add 5.72% | 119,331 | 6,454 |
WELCH & FORBES LLC Total Holding History ($B)
WELCH & FORBES LLC's Asset Allocation
WELCH & FORBES LLC Past Portfolios
Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
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WELCH & FORBES LLC's Hypothetical Growth since 2025-03-31
WELCH & FORBES LLC's Yearly Returns
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WELCH & FORBES LLC's Holdings Heat Map
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WELCH & FORBES LLC's Holdings Bubble Chart
WELCH & FORBES LLC News
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