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Institutional Investment Manager
WELCH & FORBES LLC
WELCH & FORBES LLC (CIK: 0000105495) incorporated in Delaware, located at 45 School Street, Boston, MA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Original 13F HR (0001085146-15-000177) filed in 2015.01.27
#
Name
Shares
Value ($)
%
Options
Notes
201 MICROSOFT CORP 1,017,596 47,268 1.39%
202 MIDDLEBY CORP 7,272 721 0.02%
203 MONDELEZ INTL INC 22,981 835 0.02%
204 MOODYS CORP 19,905 1,907 0.06%
205 MORNINGSTAR INC 74,852 4,843 0.14%
206 MTS SYS CORP 6,800 510 0.01%
207 Market Vectors Agribusiness ET 34,153 1,794 0.05%
208 Market Vectors Oil Services 13,450 483 0.01%
209 Medtronic Inc 35,437 2,559 0.08%
210 NATIONAL OILWELL VARCO INC 7,599 497 0.01%
211 NEWELL BRANDS 130,794 4,982 0.15%
212 NEXTERA ENERGY INC 18,174 1,931 0.06%
213 NOBLE ENERGY INC 20,700 982 0.03%
214 NORDSTROM INC 11,421 907 0.03%
215 NORTHEAST BANCORP 14,000 135 0.00%
216 NORTHEASTUTILITI 6,756 362 0.01%
217 NORTHERN TRUST 9,146 616 0.02%
218 NORTHROP GRUMMAN CORP 11,704 1,725 0.05%
219 NORTHWEST NAT GAS CO 42,456 2,119 0.06%
220 NOVARTIS A G 126,307 11,703 0.34%
221 NOVO-NORDISK A S 8,700 368 0.01%
222 NUVEEN VIRGINIA QLTY MUNCPL 15,007 197 0.01%
223 NXP SEMICONDUCTORS N V 2,780 212 0.01%
224 O REILLY AUTOMOTIVE INC NEW 388,429 74,818 2.20%
225 OMNICOM GROUP INC 147,146 11,399 0.33%
226 OPEN TEXT CORP 200,017 11,652 0.34%
227 ORACLE CORP 252,175 11,340 0.33%
228 PANERA BREAD CO 1,805 315 0.01%
229 PAYCHEX INC 810,675 37,429 1.10%
230 PEPCO HOLDINGS INC 19,800 533 0.02%
231 PEPSICO INC 645,815 61,068 1.79%
232 PERRIGO CO PLC 69,721 11,654 0.34%
233 PFIZER INC 1,097,646 34,192 1.00%
234 PHILIP MORRIS INTL INC 28,546 2,326 0.07%
235 PHILLIPS 66 15,379 1,102 0.03%
236 PLAINS ALL AMERN PIPELINE L 7,682 395 0.01%
237 PLUM CREEK TIMBER 18,640 797 0.02%
238 PNC FINL SVCS GROUP INC 6,887 628 0.02%
239 POWERSHARES ETF TRUST 65,650 1,690 0.05%
240 POWERSHARES ETF TRUST II 780,673 18,759 0.55%
241 POWERSHARES QQQ TRUST 6,957 719 0.02%
242 PPG INDS INC 3,064 708 0.02%
243 PRA GROUP INC 48,635 2,817 0.08%
244 PRAXAIR INC 311,573 40,367 1.19%
245 PRICELINE GRP INC 2,646 3,017 0.09%
246 PROCTER AND GAMBLE CO 1,101,061 100,296 2.95%
247 PROGRESSIVE CORP OHIO 66,702 1,800 0.05%
248 PUBLIC SVC ENTERPRISE GRP IN 5,336 221 0.01%
249 Plains Gp Hldgs Lp Npv A 184,261 4,732 0.14%
250 Polypore International 6,234 293 0.01%
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