Welch & Forbes

Welch & Forbes as of Sept. 30, 2013

Portfolio Holdings for Welch & Forbes

Welch & Forbes holds 335 positions in its portfolio as reported in the September 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Exxon Mobil Corporation (XOM) 2.9 $87M 1.0M 86.25
United Technologies Corporation 2.9 $87M 810k 107.82
Procter & Gamble Company (PG) 2.9 $87M 1.1M 75.65
Johnson & Johnson (JNJ) 2.2 $65M 748k 86.69
O'reilly Automotive (ORLY) 1.9 $55M 431k 127.77
Stericycle (SRCL) 1.8 $55M 473k 115.40
CarMax (KMX) 1.8 $54M 1.1M 48.47
Pepsi (PEP) 1.8 $52M 654k 80.00
Ansys (ANSS) 1.6 $49M 567k 86.52
General Electric Company 1.6 $48M 2.0M 23.89
Schlumberger (SLB) 1.6 $48M 542k 88.33
International Business Machines (IBM) 1.6 $48M 257k 185.18
Danaher Corporation (DHR) 1.6 $46M 668k 69.32
Expeditors International of Washington (EXPD) 1.4 $42M 961k 44.06
AFLAC Incorporated (AFL) 1.4 $42M 670k 61.99
Stryker Corporation (SYK) 1.4 $41M 600k 67.59
Teradata Corporation (TDC) 1.4 $40M 725k 55.44
McDonald's Corporation (MCD) 1.3 $40M 413k 96.21
Qualcomm (QCOM) 1.3 $40M 590k 67.32
Kayne Anderson MLP Investment (KYN) 1.3 $39M 1.1M 35.83
Apple (AAPL) 1.3 $39M 82k 476.76
Praxair 1.3 $39M 321k 120.00
Johnson Controls 1.3 $38M 919k 41.50
Ecolab (ECL) 1.3 $38M 383k 98.76
3M Company (MMM) 1.2 $37M 306k 119.41
Paychex (PAYX) 1.2 $37M 898k 40.64
Chevron Corporation (CVX) 1.2 $36M 295k 121.50
Home Depot (HD) 1.2 $34M 454k 75.85
Wells Fargo & Company (WFC) 1.1 $34M 830k 41.32
Microsoft Corporation (MSFT) 1.1 $34M 1.0M 33.28
Iron Mountain Incorporated 1.1 $34M 1.2M 27.14
Pfizer (PFE) 1.1 $33M 1.1M 28.72
State Street Corporation (STT) 1.1 $31M 474k 65.75
Emerson Electric (EMR) 1.0 $30M 467k 64.70
Merck & Co (MRK) 1.0 $30M 629k 47.61
Visa (V) 1.0 $30M 156k 191.10
Vanguard Intermediate-Term Bond ETF (BIV) 1.0 $30M 354k 83.50
Cenovus Energy (CVE) 1.0 $29M 980k 30.00
Tor Dom Bk Cad (TD) 1.0 $29M 318k 90.00
Abbvie (ABBV) 0.9 $26M 584k 44.73
JPMorgan Chase & Co. (JPM) 0.9 $26M 499k 52.00
Trimble Navigation (TRMB) 0.9 $26M 858k 29.71
GlaxoSmithKline 0.8 $25M 501k 50.17
Google 0.8 $24M 27k 875.89
iShares IBoxx $ Invest Grade Corp Bd (LQD) 0.8 $24M 208k 113.52
Apache Corporation 0.8 $23M 267k 85.14
CVS Caremark Corporation (CVS) 0.7 $22M 385k 56.75
Dover Corporation (DOV) 0.7 $22M 240k 89.83
Noble Corporation Com Stk 0.7 $22M 571k 37.77
Automatic Data Processing (ADP) 0.7 $21M 293k 72.67
iShares Barclays 1-3 Year Cred Bd Fd ETF (IGSB) 0.7 $22M 204k 105.28
Intel Corporation (INTC) 0.7 $21M 904k 23.00
Coca-Cola Company (KO) 0.7 $20M 537k 37.50
Abbott Laboratories (ABT) 0.7 $20M 605k 33.19
First Tr Exchange-traded Fd no amer energy (EMLP) 0.7 $20M 885k 22.86
Linear Technology Corporation 0.6 $19M 483k 39.66
Anheuser-Busch InBev NV (BUD) 0.6 $19M 191k 99.20
Suncor Energy (SU) 0.6 $19M 529k 35.78
Vertex Pharmaceuticals Incorporated (VRTX) 0.6 $18M 239k 75.82
Verizon Communications (VZ) 0.6 $18M 388k 46.68
At&t (T) 0.6 $18M 524k 33.82
Fiserv (FI) 0.6 $18M 176k 101.05
Tractor Supply Company (TSCO) 0.6 $17M 259k 67.17
ResMed (RMD) 0.6 $17M 322k 52.82
Life Time Fitness 0.6 $17M 326k 51.47
SPDR S&P MidCap 400 ETF (MDY) 0.6 $17M 75k 226.34
Gilead Sciences (GILD) 0.6 $16M 259k 62.87
Ameriprise Financial (AMP) 0.5 $16M 175k 91.43
Raytheon Company 0.5 $16M 201k 77.07
MetLife (MET) 0.5 $15M 326k 46.95
Mettler-Toledo International (MTD) 0.5 $14M 59k 240.08
Lancaster Colony (LANC) 0.5 $14M 178k 78.29
Berkshire Hathaway (BRK.B) 0.5 $14M 119k 113.51
Costco Wholesale Corporation (COST) 0.5 $13M 116k 115.18
TJX Companies (TJX) 0.4 $13M 230k 56.39
U.S. Bancorp (USB) 0.4 $12M 340k 36.58
IDEXX Laboratories (IDXX) 0.4 $12M 124k 99.65
United Parcel Service (UPS) 0.4 $11M 118k 91.37
Cognex Corporation (CGNX) 0.4 $11M 342k 31.29
Bristol Myers Squibb (BMY) 0.3 $10M 216k 46.28
Hospitality Properties Trust 0.3 $10M 357k 28.30
Abb (ABBNY) 0.3 $10M 429k 23.59
Bio-Reference Laboratories 0.3 $10M 340k 29.88
Vanguard Emerging Markets ETF (VWO) 0.3 $10M 254k 40.14
Vanguard FTSE All-World ex-US ETF (VEU) 0.3 $10M 202k 49.23
Novartis (NVS) 0.3 $9.6M 125k 76.72
Encana Corp 0.3 $9.6M 554k 17.33
Oracle Corporation (ORCL) 0.3 $9.4M 284k 33.17
Caterpillar (CAT) 0.3 $9.2M 110k 83.40
Barrick Gold Corp (GOLD) 0.3 $8.9M 477k 18.62
ConocoPhillips (COP) 0.3 $8.8M 127k 69.50
Becton, Dickinson and (BDX) 0.3 $8.4M 85k 99.84
Eli Lilly & Co. (LLY) 0.3 $8.0M 160k 50.33
Perrigo Company 0.3 $8.0M 65k 123.39
Constant Contact 0.3 $8.1M 341k 23.68
Powershares Senior Loan Portfo mf 0.3 $8.1M 329k 24.68
iShares MSCI Emerging Markets Indx (EEM) 0.3 $7.8M 191k 40.76
Polypore International 0.2 $7.4M 181k 40.97
SYSCO Corporation (SYY) 0.2 $7.3M 229k 31.82
Bk Nova Cad (BNS) 0.2 $7.1M 124k 57.31
DENTSPLY International 0.2 $6.9M 160k 43.42
Bank of America Corporation (BAC) 0.2 $6.3M 459k 13.80
Colgate-Palmolive Company (CL) 0.2 $6.3M 105k 59.29
Duke Energy (DUK) 0.2 $6.2M 92k 66.79
Lincoln Electric Holdings (LECO) 0.2 $5.9M 89k 66.62
Anadarko Petroleum Corporation 0.2 $6.0M 64k 92.99
General Mills (GIS) 0.2 $6.1M 127k 47.92
Kimberly-Clark Corporation (KMB) 0.2 $5.8M 61k 94.00
Staples 0.2 $5.7M 387k 14.65
EMC Corporation 0.2 $5.5M 215k 25.56
Wal-Mart Stores (WMT) 0.2 $5.3M 71k 73.96
Edwards Lifesciences (EW) 0.2 $5.2M 75k 69.62
Air Products & Chemicals (APD) 0.2 $5.5M 51k 106.56
Allergan 0.2 $5.4M 59k 90.46
Amgen (AMGN) 0.2 $5.4M 48k 112.00
Walgreen Company 0.2 $5.4M 101k 53.81
Cisco Systems (CSCO) 0.2 $5.0M 215k 23.43
Walt Disney Company (DIS) 0.2 $4.9M 76k 64.49
Newell Rubbermaid (NWL) 0.2 $4.7M 170k 27.50
Solazyme 0.2 $4.8M 446k 10.79
Spdr S&p 500 Etf (SPY) 0.1 $4.4M 26k 168.01
Zimmer Holdings (ZBH) 0.1 $4.4M 53k 82.14
Church & Dwight (CHD) 0.1 $4.4M 73k 60.05
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.1 $4.5M 80k 56.56
BP (BP) 0.1 $4.3M 102k 42.03
Sherwin-Williams Company (SHW) 0.1 $4.1M 23k 182.22
Starbucks Corporation (SBUX) 0.1 $4.1M 54k 76.98
Stanley Black & Decker (SWK) 0.1 $3.9M 43k 90.57
E.I. du Pont de Nemours & Company 0.1 $4.0M 68k 58.56
Morningstar (MORN) 0.1 $3.9M 50k 79.27
American Express Company (AXP) 0.1 $3.6M 47k 75.52
iShares Dow Jones Select Dividend (DVY) 0.1 $3.4M 52k 66.25
SPDR S&P China (GXC) 0.1 $3.5M 47k 74.04
Teva Pharmaceutical Industries (TEVA) 0.1 $3.1M 83k 37.78
Comcast Corporation 0.1 $3.0M 69k 43.34
Union Pacific Corporation (UNP) 0.1 $2.9M 19k 155.38
Tiffany & Co. 0.1 $2.9M 38k 76.60
Philip Morris International (PM) 0.1 $2.9M 33k 86.61
iShares Russell 2000 Index (IWM) 0.1 $2.8M 27k 106.61
iShares MSCI EAFE Index Fund (EFA) 0.1 $2.8M 44k 63.78
iShares Gold Trust 0.1 $2.5M 197k 12.89
iShares MSCI Canada Index (EWC) 0.1 $2.7M 94k 28.31
Express Scripts Holding 0.1 $2.5M 41k 61.81
Dun & Bradstreet Corporation 0.1 $2.3M 22k 103.85
Cintas Corporation (CTAS) 0.1 $2.4M 47k 51.20
Vornado Realty Trust (VNO) 0.1 $2.4M 29k 84.07
Eaton Vance 0.1 $2.3M 60k 38.94
Chubb Corporation 0.1 $2.2M 25k 89.26
iShares FTSE/Xinhua China 25 Index (FXI) 0.1 $1.9M 52k 37.08
Progressive Corporation (PGR) 0.1 $2.0M 75k 27.22
Medtronic 0.1 $2.1M 39k 53.26
Masco Corporation (MAS) 0.1 $2.0M 96k 21.28
CIGNA Corporation 0.1 $2.1M 28k 76.85
Royal Dutch Shell 0.1 $2.0M 30k 65.69
Colfax Corporation 0.1 $2.2M 39k 56.49
ROYAL BK SCOTLAND Group Plc sp adr l rp pf 0.1 $2.2M 112k 19.83
Blackrock Muni Intermediate Drtn Fnd (MUI) 0.1 $2.1M 149k 14.28
Moody's Corporation (MCO) 0.1 $1.8M 25k 70.34
Boeing Company (BA) 0.1 $1.8M 15k 117.49
Dow Chemical Company 0.1 $1.9M 48k 38.40
Campbell Soup Company (CPB) 0.1 $1.8M 44k 40.72
Lowe's Companies (LOW) 0.1 $1.8M 37k 47.62
Varian Medical Systems 0.1 $1.8M 25k 74.70
SPDR Gold Trust (GLD) 0.1 $1.8M 14k 128.18
Celgene Corporation 0.1 $1.7M 11k 154.14
Northwest Natural Gas 0.1 $1.9M 45k 41.97
Market Vectors Agribusiness 0.1 $1.8M 35k 51.31
PowerShares Water Resources 0.1 $1.6M 69k 23.91
RigNet 0.1 $1.9M 53k 36.16
Noble Energy 0.1 $1.5M 22k 67.01
Northrop Grumman Corporation (NOC) 0.1 $1.5M 16k 95.29
Transocean (RIG) 0.1 $1.6M 36k 44.51
Altria (MO) 0.1 $1.5M 43k 34.35
Sigma-Aldrich Corporation 0.1 $1.5M 18k 85.27
Texas Instruments Incorporated (TXN) 0.1 $1.5M 36k 40.29
Vodafone 0.1 $1.5M 41k 35.19
Illinois Tool Works (ITW) 0.1 $1.6M 21k 76.27
Mead Johnson Nutrition 0.1 $1.5M 20k 74.29
Alliant Energy Corporation (LNT) 0.1 $1.6M 33k 49.56
iShares Dow Jones US Real Estate (IYR) 0.1 $1.5M 24k 63.79
Icon (ICLR) 0.1 $1.5M 36k 40.91
Time Warner 0.0 $1.3M 19k 65.80
Suntrust Banks Inc $1.00 Par Cmn 0.0 $1.1M 33k 32.43
Hubbell Incorporated 0.0 $1.1M 11k 104.71
Analog Devices (ADI) 0.0 $1.2M 26k 47.05
Plum Creek Timber 0.0 $1.1M 24k 46.83
Biogen Idec (BIIB) 0.0 $1.3M 5.2k 240.65
Southern Company (SO) 0.0 $1.1M 26k 41.21
iShares Lehman Aggregate Bond (AGG) 0.0 $1.2M 11k 107.19
iShares S&P MidCap 400 Index (IJH) 0.0 $1.2M 9.5k 124.19
Vanguard Small-Cap ETF (VB) 0.0 $1.3M 13k 102.48
Us Silica Hldgs (SLCA) 0.0 $1.2M 46k 24.89
Twenty-first Century Fox 0.0 $1.1M 34k 33.53
Annaly Capital Management 0.0 $899k 78k 11.58
Baxter International (BAX) 0.0 $1.0M 16k 65.69
Franklin Resources (BEN) 0.0 $864k 17k 50.53
Sealed Air (SEE) 0.0 $966k 36k 27.20
Nordstrom (JWN) 0.0 $801k 14k 56.18
Bemis Company 0.0 $837k 22k 39.01
Thermo Fisher Scientific (TMO) 0.0 $790k 8.6k 92.23
eBay (EBAY) 0.0 $882k 16k 55.81
Marsh & McLennan Companies (MMC) 0.0 $877k 20k 43.54
Nextera Energy (NEE) 0.0 $1.0M 13k 80.12
Target Corporation (TGT) 0.0 $798k 13k 64.00
Wisconsin Energy Corporation 0.0 $870k 22k 40.37
Whole Foods Market 0.0 $968k 17k 58.50
Marathon Oil Corporation (MRO) 0.0 $978k 28k 34.88
Portfolio Recovery Associates 0.0 $776k 13k 60.02
Kinder Morgan Energy Partners 0.0 $919k 12k 79.88
iShares S&P 100 Index (OEF) 0.0 $746k 10k 74.88
iShares Russell Midcap Index Fund (IWR) 0.0 $982k 7.1k 139.11
iShares iBoxx $ High Yid Corp Bond (HYG) 0.0 $916k 10k 91.60
iShares Barclays Inter Crd Bd Fund ETF) (IGIB) 0.0 $874k 8.1k 107.98
PowerShares Fin. Preferred Port. 0.0 $857k 50k 17.14
PowerShares DB Agriculture Fund 0.0 $763k 30k 25.29
Barclays Bank 0.0 $890k 35k 25.25
Marathon Petroleum Corp (MPC) 0.0 $894k 14k 64.28
Phillips 66 (PSX) 0.0 $942k 16k 57.83
Mondelez Int (MDLZ) 0.0 $982k 31k 31.43
Comcast Corporation (CMCSA) 0.0 $604k 13k 45.15
Time Warner Cable 0.0 $549k 4.9k 111.79
Corning Incorporated (GLW) 0.0 $576k 40k 14.60
Northern Trust Corporation (NTRS) 0.0 $522k 9.6k 54.38
Affiliated Managers (AMG) 0.0 $557k 3.1k 182.62
Cabot Oil & Gas Corporation (CTRA) 0.0 $516k 14k 37.34
M&T Bank Corporation (MTB) 0.0 $463k 4.1k 111.97
Dominion Resources (D) 0.0 $530k 8.5k 62.47
Cardinal Health (CAH) 0.0 $543k 10k 52.15
Bed Bath & Beyond 0.0 $600k 7.8k 77.41
PPG Industries (PPG) 0.0 $554k 3.3k 167.17
McGraw-Hill Companies 0.0 $732k 11k 65.60
Travelers Companies (TRV) 0.0 $550k 6.5k 84.76
Waters Corporation (WAT) 0.0 $452k 4.3k 106.35
Gartner (IT) 0.0 $720k 12k 60.00
Allstate Corporation (ALL) 0.0 $629k 12k 50.58
Deere & Company (DE) 0.0 $626k 7.7k 81.40
Halliburton Company (HAL) 0.0 $557k 12k 48.15
Hess (HES) 0.0 $464k 6.0k 77.33
Honeywell International (HON) 0.0 $594k 7.2k 83.05
Nike (NKE) 0.0 $512k 7.0k 72.71
Unilever 0.0 $686k 18k 37.74
John Wiley & Sons (WLY) 0.0 $716k 15k 47.67
White Mountains Insurance Gp (WTM) 0.0 $477k 841.00 567.18
Kellogg Company (K) 0.0 $458k 7.8k 58.70
PowerShares DB Com Indx Trckng Fund 0.0 $672k 26k 25.74
Enterprise Products Partners (EPD) 0.0 $738k 12k 61.04
iShares MSCI Japan Index 0.0 $587k 49k 11.90
iShares Russell 1000 Index (IWB) 0.0 $565k 6.0k 94.17
Dorchester Minerals (DMLP) 0.0 $498k 21k 23.92
MTS Systems Corporation 0.0 $515k 8.0k 64.38
Panera Bread Company 0.0 $697k 4.4k 158.66
Sabine Royalty Trust (SBR) 0.0 $632k 12k 50.87
Aqua America 0.0 $496k 20k 24.70
PowerShares QQQ Trust, Series 1 0.0 $549k 7.0k 78.91
iShares MSCI Brazil Index (EWZ) 0.0 $701k 15k 47.88
iShares Russell 2000 Growth Index (IWO) 0.0 $476k 3.8k 125.76
iShares MSCI South Korea Index Fund (EWY) 0.0 $659k 11k 61.50
iShares S&P Natl AMTFr Mncpl Bd (MUB) 0.0 $503k 4.8k 104.47
iShares MSCI Pacific ex-Japan Idx (EPP) 0.0 $740k 16k 47.63
Royal Bk Scotland Group Plc spon adr ser h 0.0 $590k 24k 24.58
SPDR Barclays Capital High Yield B 0.0 $542k 14k 39.83
Market Vectors Oil Service Etf 0.0 $570k 12k 47.11
Kraft Foods 0.0 $593k 11k 52.51
Northeast Utilities System 0.0 $283k 6.9k 41.28
Hartford Financial Services (HIG) 0.0 $290k 9.3k 31.14
PNC Financial Services (PNC) 0.0 $443k 6.1k 72.37
Lincoln National Corporation (LNC) 0.0 $443k 11k 41.95
CSX Corporation (CSX) 0.0 $442k 17k 25.76
FedEx Corporation (FDX) 0.0 $243k 2.1k 114.19
Waste Management (WM) 0.0 $311k 7.5k 41.22
Coach 0.0 $272k 5.0k 54.71
Genuine Parts Company (GPC) 0.0 $336k 4.2k 80.85
Molex Incorporated 0.0 $424k 11k 38.55
Newmont Mining Corporation (NEM) 0.0 $253k 9.0k 28.07
Spectra Energy 0.0 $203k 5.9k 34.28
W.W. Grainger (GWW) 0.0 $381k 1.5k 261.32
Aetna 0.0 $400k 6.2k 64.05
Helmerich & Payne (HP) 0.0 $371k 5.4k 68.87
Yum! Brands (YUM) 0.0 $314k 4.4k 71.28
Health Care REIT 0.0 $411k 6.6k 62.49
BB&T Corporation 0.0 $326k 9.7k 33.74
Diageo (DEO) 0.0 $224k 1.8k 126.63
Occidental Petroleum Corporation (OXY) 0.0 $295k 3.2k 93.59
Royal Dutch Shell 0.0 $255k 3.7k 68.75
American Electric Power Company (AEP) 0.0 $303k 7.0k 43.32
iShares S&P 500 Index (IVV) 0.0 $257k 1.5k 168.52
Ford Motor Company (F) 0.0 $340k 20k 16.87
Exelon Corporation (EXC) 0.0 $381k 13k 29.69
Williams Companies (WMB) 0.0 $260k 7.2k 36.31
Novo Nordisk A/S (NVO) 0.0 $394k 2.3k 169.24
Manpower (MAN) 0.0 $223k 3.1k 72.64
Belo 0.0 $408k 30k 13.69
Omni (OMC) 0.0 $319k 5.0k 63.36
Roper Industries (ROP) 0.0 $330k 2.5k 133.17
Forest Laboratories 0.0 $315k 7.4k 42.80
Sun Life Financial (SLF) 0.0 $258k 8.1k 32.01
El Paso Pipeline Partners 0.0 $255k 6.0k 42.17
Plains All American Pipeline (PAA) 0.0 $374k 7.1k 52.68
Pepco Holdings 0.0 $370k 20k 18.45
Regency Energy Partners 0.0 $230k 8.0k 28.64
Dynamic Materials Corporation 0.0 $430k 19k 23.16
Wabtec Corporation (WAB) 0.0 $276k 4.4k 62.73
Rockwell Automation (ROK) 0.0 $283k 2.7k 106.79
St. Jude Medical 0.0 $244k 4.5k 53.74
Watts Water Technologies (WTS) 0.0 $212k 3.8k 56.31
San Juan Basin Royalty Trust (SJT) 0.0 $392k 25k 16.00
HCP 0.0 $293k 7.2k 40.88
Central Fd Cda Ltd cl a 0.0 $376k 26k 14.69
SM Energy (SM) 0.0 $240k 3.1k 77.42
iShares Russell 1000 Growth Index (IWF) 0.0 $402k 5.2k 78.06
Manulife Finl Corp (MFC) 0.0 $189k 11k 16.78
Vanguard Europe Pacific ETF (VEA) 0.0 $284k 7.2k 39.58
Powershares DB Base Metals Fund 0.0 $176k 11k 16.75
Vanguard Dividend Appreciation ETF (VIG) 0.0 $251k 3.6k 69.63
iShares Barclays TIPS Bond Fund (TIP) 0.0 $259k 2.3k 112.61
MSCI Indonesia Investable Market Ind (EIDO) 0.0 $338k 14k 23.62
WisdomTree Emerging Markets Eq (DEM) 0.0 $217k 4.2k 51.67
Central Gold-Trust 0.0 $231k 5.0k 46.20
Nuveen Va Premium Income Municipal Fund (NPV) 0.0 $224k 18k 12.44
Covidien 0.0 $207k 3.4k 60.85
Citigroup (C) 0.0 $300k 6.2k 48.46
Linkedin Corp 0.0 $394k 1.6k 245.79
Tesoro Logistics Lp us equity 0.0 $215k 3.7k 57.80
American Tower Reit (AMT) 0.0 $210k 2.8k 73.94
Facebook Inc cl a (META) 0.0 $419k 8.3k 50.23
Smart Balance 0.0 $187k 12k 16.04
Windstream Hldgs 0.0 $182k 23k 8.00
Entegris (ENTG) 0.0 $117k 12k 10.14
Tellabs 0.0 $60k 26k 2.27
Hugoton Royalty Trust (HGTXU) 0.0 $129k 17k 7.48
Banco Santander (SAN) 0.0 $98k 12k 8.17
Vicor Corporation (VICR) 0.0 $91k 11k 8.18
Bank Of America Corp w exp 10/201 0.0 $14k 18k 0.80
Eaton Vance Tax-Managed Global Dive Eq (EXG) 0.0 $96k 10k 9.39
Northeast Bancorp 0.0 $140k 14k 10.00