Dark
Light
System
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 (2016Q1)
Portfolio Summary: 343 holdings with a total value of $3,211,080,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 O REILLY AUTOMOTIVE INC NEW 339,381 92,875,000 2.89%
2 PROCTER AND GAMBLE CO 967,543 79,638,000 2.48%
3 JOHNSON & JOHNSON 727,499 78,715,000 2.45%
4 EXXON MOBIL CORP 936,410 78,275,000 2.44%
5 UNITED TECHNOLOGIES CORP 764,606 76,537,000 2.38%
6 DANAHER CORP DEL 716,763 67,991,000 2.12%
7 APPLE INC 605,227 65,964,000 2.05%
8 PEPSICO INC 614,948 63,020,000 1.96%
9 STRYKER CORP 579,947 62,222,000 1.94%
10 GENERAL ELECTRIC CO 1,918,141 60,978,000 1.90%
11 HOME DEPOT INC 437,461 58,371,000 1.82%
12 VISA INC 743,888 56,892,000 1.77%
13 STERICYCLE 437,682 55,231,000 1.72%
14 CARMAX 1,072,615 54,810,000 1.71%
15 CVS HEALTH CORP 527,123 54,678,000 1.70%
16 MICROSOFT CORP 960,906 53,071,000 1.65%
17 ANSYS 568,535 50,861,000 1.58%
18 WELLS FARGO & CO NEW 932,829 45,111,000 1.40%
19 FISERV INC 429,033 44,009,000 1.37%
20 SCHLUMBERGER LTD 596,112 43,963,000 1.37%
21 3M CO 261,267 43,535,000 1.36%
22 MCDONALDS CORP 345,514 43,424,000 1.35%
23 ECOLAB INC 381,592 42,555,000 1.33%
24 IRON MTN INC NEW 1,234,367 41,857,000 1.30%
25 PAYCHEX INC 762,299 41,172,000 1.28%
26 ALPHABET INC 48,737 36,307,000 1.13%
27 AFLAC INC 504,430 31,851,000 0.99%
28 PFIZER INC 1,043,949 30,942,000 0.96%
29 JPMORGAN CHASE & CO 515,705 30,540,000 0.95%
30 MERCK & CO INC 554,770 29,353,000 0.91%
31 FIRST TR EXCHANGE TRADED FD 1,340,104 29,295,000 0.91%
32 INTEL CORP 902,354 29,191,000 0.91%
33 ABBVIE INC 508,886 29,068,000 0.91%
34 INTERNATIONAL BUSINESS MACHS 191,431 28,992,000 0.90%
35 GLAXOSMITHKLINE PLC 670,608 27,194,000 0.85%
36 ABBOTT LABS 649,789 27,181,000 0.85%
37 CHEVRON CORP NEW 283,014 26,999,000 0.84%
38 TJX COS INC NEW 340,076 26,645,000 0.83%
39 GILEAD SCIENCES INC 287,748 26,433,000 0.82%
40 PRAXAIR INC 229,995 26,323,000 0.82%
41 ANHEUSER BUSCH INBEV SA/NV 210,229 26,207,000 0.82%
42 JOHNSON CTLS INTL PLC 666,966 25,991,000 0.81%
43 VERIZON COMMUNICATIONS INC 473,619 25,614,000 0.80%
44 METTLER-TOLEDO 72,815 25,104,000 0.78%
45 AUTOMATIC DATA PROCESSING IN 279,706 25,092,000 0.78%
46 ALPHABET INC 31,338 23,908,000 0.74%
47 COCA COLA CO 487,882 22,633,000 0.70%
48 CELGENE CORP 224,021 22,422,000 0.70%
49 RAYTHEON CO 181,487 22,256,000 0.69%
50 LINEAR TECH 495,143 22,063,000 0.69%
Page 1 of 7

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-003586, filed 2016.05.05).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.