Welch & Forbes

Welch & Forbes as of Dec. 31, 2012

Portfolio Holdings for Welch & Forbes

Welch & Forbes holds 309 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Exxon Mobil Corporation (XOM) 3.8 $97M 1.1M 86.55
Procter & Gamble Company (PG) 3.2 $81M 1.2M 67.83
United Technologies Corporation 2.7 $69M 843k 81.82
Johnson & Johnson (JNJ) 2.1 $54M 775k 70.10
International Business Machines (IBM) 1.9 $50M 261k 191.55
Stericycle (SRCL) 1.8 $46M 491k 93.28
Pepsi (PEP) 1.8 $45M 668k 68.00
CarMax (KMX) 1.7 $43M 1.1M 37.54
General Electric Company 1.6 $42M 2.0M 20.99
O'reilly Automotive (ORLY) 1.6 $41M 460k 88.59
Abbott Laboratories (ABT) 1.6 $40M 608k 65.50
Teradata Corporation (TDC) 1.5 $40M 641k 61.89
Ansys (ANSS) 1.5 $39M 578k 67.34
Expeditors International of Washington (EXPD) 1.5 $39M 974k 39.55
Apple (AAPL) 1.4 $37M 70k 532.19
Danaher Corporation (DHR) 1.4 $37M 667k 55.90
Schlumberger (SLB) 1.4 $37M 536k 69.17
Iron Mountain Incorporated 1.4 $37M 1.2M 31.05
AFLAC Incorporated (AFL) 1.4 $36M 682k 53.12
McDonald's Corporation (MCD) 1.4 $35M 399k 88.21
Praxair 1.4 $35M 316k 109.45
Qualcomm (QCOM) 1.3 $33M 532k 61.86
Stryker Corporation (SYK) 1.3 $33M 597k 54.82
Cenovus Energy (CVE) 1.3 $32M 963k 33.67
Chevron Corporation (CVX) 1.2 $31M 289k 108.14
Johnson Controls 1.2 $32M 1.0M 30.67
Kayne Anderson MLP Investment (KYN) 1.2 $31M 1.1M 29.47
3M Company (MMM) 1.2 $31M 328k 92.85
Vanguard Intermediate-Term Bond ETF (BIV) 1.2 $30M 341k 88.25
Pfizer (PFE) 1.1 $30M 1.2M 25.38
Home Depot (HD) 1.1 $29M 473k 61.85
Microsoft Corporation (MSFT) 1.1 $29M 1.1M 26.71
Paychex (PAYX) 1.1 $29M 928k 31.10
Ecolab (ECL) 1.1 $28M 393k 71.90
Emerson Electric (EMR) 1.1 $27M 512k 52.96
Merck & Co (MRK) 1.1 $27M 659k 40.94
State Street Corporation (STT) 1.0 $27M 569k 47.01
iShares IBoxx $ Invest Grade Corp Bd (LQD) 1.0 $26M 218k 120.99
Tor Dom Bk Cad (TD) 1.0 $26M 309k 84.00
Wells Fargo & Company (WFC) 1.0 $26M 753k 34.20
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.9 $24M 228k 105.48
Visa (V) 0.9 $23M 152k 151.58
Barrick Gold Corp (GOLD) 0.9 $23M 653k 35.01
GlaxoSmithKline 0.9 $23M 522k 43.47
JPMorgan Chase & Co. (JPM) 0.8 $21M 484k 44.00
Trimble Navigation (TRMB) 0.8 $21M 355k 59.78
Suncor Energy (SU) 0.8 $21M 629k 32.98
Coca-Cola Company (KO) 0.8 $20M 549k 36.67
Intel Corporation (INTC) 0.7 $19M 897k 20.62
Google 0.7 $18M 26k 707.39
Noble Corporation Com Stk 0.7 $18M 514k 34.82
CVS Caremark Corporation (CVS) 0.7 $18M 366k 48.35
At&t (T) 0.7 $17M 516k 33.71
Apache Corporation 0.7 $18M 223k 78.50
First Tr Exchange-traded Fd no amer energy (EMLP) 0.7 $17M 823k 20.83
Automatic Data Processing (ADP) 0.7 $17M 297k 56.67
Linear Technology Corporation 0.7 $17M 492k 34.30
Verizon Communications (VZ) 0.6 $16M 379k 43.27
Encana Corp 0.6 $15M 761k 19.76
Fiserv (FI) 0.6 $14M 182k 79.03
Dover Corporation (DOV) 0.5 $14M 207k 65.71
ResMed (RMD) 0.5 $13M 321k 41.57
SPDR S&P MidCap 400 ETF (MDY) 0.5 $13M 71k 185.72
Life Time Fitness 0.5 $13M 255k 49.21
Raytheon Company 0.5 $12M 210k 57.56
Lancaster Colony (LANC) 0.5 $12M 176k 69.19
IDEXX Laboratories (IDXX) 0.5 $12M 128k 92.80
Oracle Corporation (ORCL) 0.5 $12M 350k 33.32
Vanguard Emerging Markets ETF (VWO) 0.5 $11M 257k 44.53
Berkshire Hathaway (BRK.B) 0.4 $11M 126k 89.71
Costco Wholesale Corporation (COST) 0.4 $11M 115k 98.73
Teva Pharmaceutical Industries (TEVA) 0.4 $11M 302k 37.34
Ameriprise Financial (AMP) 0.4 $11M 176k 62.86
Anheuser-Busch InBev NV (BUD) 0.4 $11M 126k 87.41
Caterpillar (CAT) 0.4 $10M 115k 89.60
Tractor Supply Company (TSCO) 0.4 $9.9M 113k 88.36
Vertex Pharmaceuticals Incorporated (VRTX) 0.4 $9.8M 233k 41.90
Abb (ABBNY) 0.4 $9.9M 475k 20.79
DENTSPLY International 0.4 $9.4M 237k 39.61
United Parcel Service (UPS) 0.3 $8.9M 121k 73.72
iShares MSCI Emerging Markets Indx (EEM) 0.3 $8.8M 199k 44.35
MetLife (MET) 0.3 $8.8M 268k 32.94
Polypore International 0.3 $8.8M 189k 46.50
Bio-Reference Laboratories 0.3 $8.7M 305k 28.63
Vanguard FTSE All-World ex-US ETF (VEU) 0.3 $8.5M 183k 46.15
Eli Lilly & Co. (LLY) 0.3 $8.1M 163k 49.32
SYSCO Corporation (SYY) 0.3 $8.0M 252k 31.66
Novartis (NVS) 0.3 $8.0M 126k 63.30
U.S. Bancorp (USB) 0.3 $7.8M 244k 31.94
ConocoPhillips (COP) 0.3 $7.7M 132k 57.99
Gilead Sciences (GILD) 0.3 $7.6M 103k 73.45
Edwards Lifesciences (EW) 0.3 $7.2M 80k 90.18
Mettler-Toledo International (MTD) 0.3 $7.2M 37k 193.30
EMC Corporation 0.3 $7.3M 289k 25.30
TJX Companies (TJX) 0.3 $7.2M 171k 42.45
Bristol Myers Squibb (BMY) 0.3 $7.0M 215k 32.59
Hospitality Properties Trust 0.3 $7.1M 302k 23.42
Becton, Dickinson and (BDX) 0.3 $6.8M 87k 78.00
Cognex Corporation (CGNX) 0.2 $6.3M 172k 36.79
Wal-Mart Stores (WMT) 0.2 $6.0M 88k 68.22
Duke Energy (DUK) 0.2 $6.0M 95k 63.80
Colgate-Palmolive Company (CL) 0.2 $5.5M 53k 104.54
Constant Contact 0.2 $5.6M 391k 14.21
Kimberly-Clark Corporation (KMB) 0.2 $5.3M 63k 84.00
Allergan 0.2 $5.4M 59k 91.73
General Mills (GIS) 0.2 $5.5M 135k 40.42
Anadarko Petroleum Corporation 0.2 $5.0M 67k 74.31
Staples 0.2 $4.7M 413k 11.40
BP (BP) 0.2 $4.3M 103k 41.64
Air Products & Chemicals (APD) 0.2 $4.4M 53k 84.03
Amgen (AMGN) 0.2 $4.4M 52k 86.00
Cisco Systems (CSCO) 0.2 $4.2M 215k 19.65
Newell Rubbermaid (NWL) 0.2 $4.1M 184k 22.27
iShares MSCI South Korea Index Fund (EWY) 0.2 $4.0M 63k 63.34
SPDR S&P China (GXC) 0.2 $4.2M 57k 74.09
Walt Disney Company (DIS) 0.1 $3.8M 76k 50.00
Walgreen Company 0.1 $4.0M 108k 37.00
Perrigo Company 0.1 $4.0M 38k 104.01
Lincoln Electric Holdings (LECO) 0.1 $3.6M 74k 48.69
Sherwin-Williams Company (SHW) 0.1 $3.6M 24k 153.84
Zimmer Holdings (ZBH) 0.1 $3.7M 56k 66.68
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.1 $3.6M 77k 47.63
Stanley Black & Decker (SWK) 0.1 $3.4M 46k 73.96
iShares MSCI Canada Index (EWC) 0.1 $3.3M 118k 28.40
E.I. du Pont de Nemours & Company 0.1 $3.2M 70k 44.98
Philip Morris International (PM) 0.1 $3.1M 37k 83.64
Morningstar (MORN) 0.1 $3.1M 49k 62.83
Church & Dwight (CHD) 0.1 $3.1M 58k 53.57
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $2.9M 72k 40.46
Spdr S&p 500 Etf (SPY) 0.1 $2.7M 19k 142.43
Starbucks Corporation (SBUX) 0.1 $2.9M 54k 53.62
Vornado Realty Trust (VNO) 0.1 $2.7M 34k 80.06
iShares Gold Trust 0.1 $2.7M 169k 16.28
iShares Dow Jones Select Dividend (DVY) 0.1 $2.9M 51k 57.25
American Express Company (AXP) 0.1 $2.6M 45k 57.48
Comcast Corporation 0.1 $2.5M 69k 35.92
Tiffany & Co. 0.1 $2.5M 44k 57.33
iShares MSCI EAFE Index Fund (EFA) 0.1 $2.5M 44k 56.87
ROYAL BK SCOTLAND Group Plc sp adr l rp pf 0.1 $2.6M 117k 22.12
Blackrock Muni Intermediate Drtn Fnd (MUI) 0.1 $2.6M 155k 16.63
Union Pacific Corporation (UNP) 0.1 $2.4M 19k 125.75
Royal Dutch Shell 0.1 $2.2M 32k 68.96
SPDR Gold Trust (GLD) 0.1 $2.2M 14k 162.00
Express Scripts Holding 0.1 $2.4M 44k 54.01
Progressive Corporation (PGR) 0.1 $2.0M 93k 21.09
Cintas Corporation (CTAS) 0.1 $2.0M 49k 41.00
Eaton Vance 0.1 $2.1M 67k 31.92
iShares Russell 2000 Index (IWM) 0.1 $2.1M 25k 84.31
Chubb Corporation 0.1 $1.9M 25k 75.30
Dun & Bradstreet Corporation 0.1 $1.8M 23k 78.66
Masco Corporation (MAS) 0.1 $1.8M 106k 16.65
Varian Medical Systems 0.1 $1.7M 24k 70.20
Mead Johnson Nutrition 0.1 $1.7M 26k 65.88
Northwest Natural Gas 0.1 $1.9M 43k 44.19
iShares MSCI Brazil Index (EWZ) 0.1 $1.7M 31k 55.94
Market Vectors Agribusiness 0.1 $1.8M 34k 52.75
Vertex Pharmaceuticals Inc note 3.350%10/0 0.1 $1.8M 1.6M 1.12
Moody's Corporation (MCO) 0.1 $1.5M 30k 50.32
Dow Chemical Company 0.1 $1.5M 47k 32.32
Medtronic 0.1 $1.6M 40k 41.02
Campbell Soup Company (CPB) 0.1 $1.6M 47k 34.89
Altria (MO) 0.1 $1.6M 49k 31.44
CIGNA Corporation 0.1 $1.5M 28k 53.47
Alliant Energy Corporation (LNT) 0.1 $1.4M 33k 43.92
iShares Dow Jones US Real Estate (IYR) 0.1 $1.6M 25k 64.66
Colfax Corporation 0.1 $1.5M 36k 40.34
Noble Energy 0.1 $1.3M 13k 101.68
Analog Devices (ADI) 0.1 $1.2M 29k 42.02
Plum Creek Timber 0.1 $1.3M 29k 44.40
Sigma-Aldrich Corporation 0.1 $1.4M 19k 73.57
Texas Instruments Incorporated (TXN) 0.1 $1.2M 39k 30.89
Vodafone 0.1 $1.2M 46k 25.21
Exelon Corporation (EXC) 0.1 $1.2M 41k 29.72
Illinois Tool Works (ITW) 0.1 $1.3M 21k 60.84
Lowe's Companies (LOW) 0.1 $1.4M 39k 35.52
iShares Lehman Aggregate Bond (AGG) 0.1 $1.3M 12k 111.08
Vanguard Small-Cap ETF (VB) 0.1 $1.2M 15k 80.89
PowerShares DB Agriculture Fund 0.1 $1.4M 49k 27.96
Annaly Capital Management 0.0 $1.1M 82k 14.04
Suntrust Banks Inc $1.00 Par Cmn 0.0 $1.1M 40k 28.34
Baxter International (BAX) 0.0 $1.1M 16k 66.65
Hubbell Incorporated 0.0 $1.0M 12k 84.64
Northrop Grumman Corporation (NOC) 0.0 $1.1M 17k 67.62
Boeing Company (BA) 0.0 $1.0M 14k 75.35
Nextera Energy (NEE) 0.0 $943k 14k 69.17
PowerShares DB Com Indx Trckng Fund 0.0 $1.1M 39k 27.76
Dynamic Materials Corporation 0.0 $996k 72k 13.91
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $980k 11k 93.40
PowerShares Water Resources 0.0 $1.1M 55k 20.76
PowerShares Fin. Preferred Port. 0.0 $914k 50k 18.28
Time Warner 0.0 $847k 18k 47.81
Franklin Resources (BEN) 0.0 $716k 5.7k 125.61
Nordstrom (JWN) 0.0 $857k 16k 53.51
Bemis Company 0.0 $718k 22k 33.47
eBay (EBAY) 0.0 $706k 14k 50.92
Marsh & McLennan Companies (MMC) 0.0 $733k 21k 34.47
Target Corporation (TGT) 0.0 $725k 12k 59.13
Unilever 0.0 $732k 19k 38.30
Wisconsin Energy Corporation 0.0 $878k 24k 36.88
Whole Foods Market 0.0 $765k 8.4k 91.10
Marathon Oil Corporation (MRO) 0.0 $855k 28k 30.67
Panera Bread Company 0.0 $704k 4.4k 158.81
Kinder Morgan Energy Partners 0.0 $886k 11k 79.78
iShares S&P 100 Index (OEF) 0.0 $643k 9.9k 64.66
iShares MSCI Pacific ex-Japan Idx (EPP) 0.0 $697k 15k 47.14
Barclays Bank 0.0 $892k 35k 25.16
Marathon Petroleum Corp (MPC) 0.0 $877k 14k 62.99
Phillips 66 (PSX) 0.0 $856k 16k 53.12
Mondelez Int (MDLZ) 0.0 $870k 34k 25.45
Comcast Corporation (CMCSA) 0.0 $453k 12k 37.32
Time Warner Cable 0.0 $402k 4.1k 96.98
Corning Incorporated (GLW) 0.0 $533k 42k 12.61
Bank of America Corporation (BAC) 0.0 $427k 37k 11.61
Northern Trust Corporation (NTRS) 0.0 $512k 10k 50.20
Affiliated Managers (AMG) 0.0 $397k 3.1k 130.16
M&T Bank Corporation (MTB) 0.0 $407k 4.1k 98.43
Dominion Resources (D) 0.0 $455k 8.8k 51.79
India Fund (IFN) 0.0 $572k 27k 20.92
Bed Bath & Beyond 0.0 $459k 8.2k 55.94
Newmont Mining Corporation (NEM) 0.0 $423k 9.1k 46.42
PPG Industries (PPG) 0.0 $448k 3.3k 135.18
Sealed Air (SEE) 0.0 $622k 36k 17.51
McGraw-Hill Companies 0.0 $638k 12k 54.69
Travelers Companies (TRV) 0.0 $466k 6.5k 71.81
Transocean (RIG) 0.0 $472k 11k 44.64
Thermo Fisher Scientific (TMO) 0.0 $484k 7.6k 63.77
Health Care REIT 0.0 $424k 6.9k 61.28
Gartner (IT) 0.0 $566k 12k 46.02
Allstate Corporation (ALL) 0.0 $500k 12k 40.19
Deere & Company (DE) 0.0 $564k 6.5k 86.48
Hess (HES) 0.0 $530k 10k 53.00
Royal Dutch Shell 0.0 $396k 5.6k 70.93
John Wiley & Sons (WLY) 0.0 $607k 16k 38.94
White Mountains Insurance Gp (WTM) 0.0 $444k 863.00 514.48
Biogen Idec (BIIB) 0.0 $576k 3.9k 146.56
Southern Company (SO) 0.0 $602k 14k 42.84
Kellogg Company (K) 0.0 $463k 8.3k 55.92
H.J. Heinz Company 0.0 $531k 9.2k 57.64
Enterprise Products Partners (EPD) 0.0 $540k 11k 50.06
iShares Russell 1000 Index (IWB) 0.0 $475k 6.0k 79.17
Dorchester Minerals (DMLP) 0.0 $415k 20k 20.34
MTS Systems Corporation 0.0 $407k 8.0k 50.88
Pepco Holdings 0.0 $393k 20k 19.60
Sabine Royalty Trust (SBR) 0.0 $510k 13k 39.77
Aqua America 0.0 $544k 21k 25.41
PowerShares QQQ Trust, Series 1 0.0 $456k 7.0k 65.17
Central Fd Cda Ltd cl a 0.0 $538k 26k 21.02
Royal Bk Scotland Group Plc spon adr ser h 0.0 $582k 24k 24.25
Market Vectors Oil Service Etf 0.0 $467k 12k 38.60
Kraft Foods 0.0 $480k 11k 45.48
ICICI Bank (IBN) 0.0 $282k 6.5k 43.61
Northeast Utilities System 0.0 $282k 7.2k 39.04
Hartford Financial Services (HIG) 0.0 $263k 12k 22.45
PNC Financial Services (PNC) 0.0 $369k 6.3k 58.29
Lincoln National Corporation (LNC) 0.0 $312k 12k 25.87
Cabot Oil & Gas Corporation (CTRA) 0.0 $358k 7.2k 49.72
CSX Corporation (CSX) 0.0 $322k 16k 19.70
Waste Management (WM) 0.0 $271k 8.0k 33.84
Cardinal Health (CAH) 0.0 $334k 8.1k 41.16
Coach 0.0 $217k 3.9k 55.48
Genuine Parts Company (GPC) 0.0 $264k 4.2k 63.52
Molex Incorporated 0.0 $301k 11k 27.36
W.W. Grainger (GWW) 0.0 $299k 1.5k 201.89
Waters Corporation (WAT) 0.0 $370k 4.3k 87.06
BB&T Corporation 0.0 $281k 9.7k 29.08
Diageo (DEO) 0.0 $231k 2.0k 116.49
Halliburton Company (HAL) 0.0 $303k 8.7k 34.71
Hewlett-Packard Company 0.0 $259k 18k 14.22
Honeywell International (HON) 0.0 $286k 4.5k 63.60
Nike (NKE) 0.0 $244k 4.7k 51.63
American Electric Power Company (AEP) 0.0 $277k 6.5k 42.66
Weyerhaeuser Company (WY) 0.0 $220k 7.9k 27.76
iShares S&P 500 Index (IVV) 0.0 $324k 2.3k 143.17
Ford Motor Company (F) 0.0 $271k 21k 12.91
Windstream Corporation 0.0 $229k 28k 8.29
Novo Nordisk A/S (NVO) 0.0 $217k 1.3k 163.40
Belo 0.0 $229k 30k 7.68
Omni (OMC) 0.0 $217k 4.3k 50.00
Hugoton Royalty Trust (HGTXU) 0.0 $159k 22k 7.31
Forest Laboratories 0.0 $277k 7.9k 35.24
Boston Private Financial Holdings 0.0 $184k 20k 9.02
Sun Life Financial (SLF) 0.0 $214k 8.1k 26.55
iShares MSCI Japan Index 0.0 $361k 37k 9.76
El Paso Pipeline Partners 0.0 $224k 6.0k 37.04
Plains All American Pipeline (PAA) 0.0 $317k 7.0k 45.23
Icon 0.0 $373k 14k 27.72
Rockwell Automation (ROK) 0.0 $223k 2.7k 84.15
San Juan Basin Royalty Trust (SJT) 0.0 $326k 24k 13.42
HCP 0.0 $212k 4.7k 45.17
iShares Russell 1000 Growth Index (IWF) 0.0 $380k 5.8k 65.52
Manulife Finl Corp (MFC) 0.0 $186k 14k 13.25
Vanguard Europe Pacific ETF (VEA) 0.0 $250k 7.1k 35.21
Powershares DB Base Metals Fund 0.0 $275k 14k 19.31
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.0 $262k 2.4k 111.49
iShares Barclays TIPS Bond Fund (TIP) 0.0 $212k 1.8k 121.14
Japan Smaller Capitalizaion Fund (JOF) 0.0 $142k 20k 7.20
Apache Corp. 6% Mandatory Conv pfd cv 0.0 $273k 6.0k 45.73
Central Gold-Trust 0.0 $314k 5.0k 62.80
Nuveen Va Premium Income Municipal Fund (NPV) 0.0 $280k 18k 15.55
Covidien 0.0 $226k 3.9k 57.77
Citigroup (C) 0.0 $281k 7.1k 39.56
American Tower Reit (AMT) 0.0 $220k 2.8k 77.46
Entegris (ENTG) 0.0 $106k 12k 9.19
Tellabs 0.0 $60k 26k 2.27
Vicor Corporation (VICR) 0.0 $60k 11k 5.40
Chimera Investment Corporation 0.0 $26k 10k 2.60
Bank Of America Corp w exp 10/201 0.0 $13k 18k 0.74
DNP Select Income Fund (DNP) 0.0 $120k 13k 9.47
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.0 $90k 10k 8.80