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 (2016Q3)
Original 13F HR (0001085146-16-004612) filed in 2016.11.02
#
Name
Shares
Value ($)
%
Options
Notes
201 ORACLE CORP 250,272 9,831 0.34%
202 PALO ALTO NETWORKS INC 1,991 317 0.01%
203 PANERA BREAD CO 1,805 351 0.01%
204 PAYCHEX INC 742,655 42,977 1.49%
205 PAYPAL HLDGS INC 9,923 406 0.01%
206 PEPSICO INC 607,430 66,070 2.28%
207 PERRIGO CO PLC 27,027 2,495 0.09%
208 PFIZER INC 1,400 47 0.00%
209 PFIZER INC 1,029,742 34,877 1.21%
210 PHILIP MORRIS INTL INC 23,816 2,316 0.08%
211 PHILLIPS 66 12,645 1,019 0.04%
212 PLAINS ALL AMERN PIPELINE L 7,100 223 0.01%
213 PLUG POWER INC 10,250 18 0.00%
214 PNC FINL SVCS GROUP INC 9,047 815 0.03%
215 POWERSHARES ETF TRUST II 412,959 9,585 0.33%
216 POWERSHARES QQQ TRUST 7,854 932 0.03%
217 PPG INDS INC 4,000 413 0.01%
218 PRA GROUP INC 10,200 352 0.01%
219 PRAXAIR INC 227,369 27,473 0.95%
220 PRICELINE GRP INC 11,175 16,444 0.57%
221 PROCTER AND GAMBLE CO 941,631 84,512 2.92%
222 PROGRESSIVE CORP OHIO 54,930 1,730 0.06%
223 PTC INC 5,000 222 0.01%
224 PUBLIC SVC ENTERPRISE GRP IN 5,436 228 0.01%
225 Plains Gp Hldgs Lp Npv A 119,528 1,547 0.05%
226 QUALCOMM INC 260,549 17,847 0.62%
227 RAYTHEON CO 180,981 24,637 0.85%
228 RESMED INC 269,684 17,473 0.60%
229 RIGNET INC 27,877 422 0.01%
230 ROPER TECHNOLOGIES INC 150 27 0.00%
231 ROPER TECHNOLOGIES INC 122,951 22,435 0.78%
232 ROSS STORES INC 6,243 401 0.01%
233 ROYAL BK SCOTLAND GROUP PLC 101,452 2,544 0.09%
234 ROYAL BK SCOTLAND GROUP PLC 19,666 501 0.02%
235 ROYAL DUTCH SHELL PLC 360 18 0.00%
236 ROYAL DUTCH SHELL PLC 20,642 1,034 0.04%
237 S&P GLOBAL INC 5,500 696 0.02%
238 SCHLUMBERGER LTD 609,211 47,909 1.66%
239 SEALED AIR CORP NEW 11,000 504 0.02%
240 SELECT SECTOR SPDR TR 4,575 219 0.01%
241 SHERWIN WILLIAMS CO 17,917 4,957 0.17%
242 SHIRE PLC 1,397 271 0.01%
243 SM ENERGY CO 15,830 611 0.02%
244 SOUTHERN CO 10,565 542 0.02%
245 SPDR INDEX SHS FDS 4,545 364 0.01%
246 SPDR S&P 500 ETF TR 35,122 7,596 0.26%
247 SPDR S&P MIDCAP 400 ETF TR 68,555 19,351 0.67%
248 SPDR SER TR S&P 600 SML CAP 2,450 273 0.01%
249 SPROTT PHYSICAL GOLD TRUST 17,464 191 0.01%
250 ST JUDE MED INC 5,265 420 0.01%
Page 5 of 7