Welch & Forbes LLC
SEC Form 13F institutional filer · CIK 0000105495
13F-HR · 244 reported holdings · 2026-03-31
Wealth management firm.
Reported long-US-equity value
$7.15B
Top-10 concentration
39.7%
Welch & Forbes LLC — $7.15B AUM allocation strategy
Welch & Forbes LLC files SEC Form 13F and reports $7.15B of long US equity value across 244 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 18.1%, followed by Consumer Discretionary 9.0% and Health Care 8.4%.
The top 10 holdings account for 40% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Welch & Forbes LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$7.15B
total across 244 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
40% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NFLX +115K sh · +$11.1M+$PANW +66.1K sh · +$5.01M+$NOW +58.7K sh · −$4.87M
Biggest trims (shares)
−$NVDA −241K sh · −$82.4M−$CMCSA −96.8K sh · −$3.08M−$ADBE −63K sh · −$23.3M
Exited to nil (held last quarter, gone now)
$BSX ($10.7M last qtr)$ADSK ($343K last qtr)$LYV ($256K last qtr)$SOLV ($254K last qtr)$TDG ($231K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors7.6%—
- Interactive Media & Services6.4%—
- Technology Hardware, Storage & Peripherals5.9%—
- Systems Software4.6%—
- Pharmaceuticals4.4%—
- Automotive Retail3.6%—
- Transaction & Payment Processing Services3.1%—
- Aerospace & Defense2.9%—
- Other holdings61.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 3.1M | $540M | -241K | 7.5% |
| $AAPL | Apple Inc | 1.68M | $426M | -22.3K | 6.0% |
| $GOOGL | Alphabet Inc | 1.17M | $336M | -14.5K | 4.7% |
| $MSFT | Microsoft Corporation | 882K | $326M | -5.88K | 4.6% |
| $ORLY | O'Reilly Automotive Inc | 2.83M | $261M | -37.6K | 3.7% |
| $V | Visa Inc | 720K | $217M | -6.17K | 3.0% |
| $RTX | RTX Corporation | 1.09M | $211M | -28.6K | 3.0% |
| $JPM | JP Morgan Chase & Co | 653K | $192M | -13.1K | 2.7% |
| $SYK | Stryker Corporation | 509K | $167M | -3.42K | 2.3% |
| $COST | Costco Wholesale Corporation | 161K | $161M | -979 | 2.2% |
…and 234 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
Newsletter signup
Free subscription. Daily trading day morning dispatch. No spam.