How is hedge fund similarity measured?

Similarity is computed from each fund's top conviction holdings in their latest 13F filing. Funds are scored by the overlap of distinctive shared positions (the mega-caps that nearly every fund owns are excluded), so the ranking reflects genuinely shared strategy rather than common index exposure.

Hedge Funds Similar to WELCH & FORBES

13F Portfolio OverlapQ2 2026WELCH & FORBES portfolio →

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Most similar hedge funds by 13F overlap

WELCH & FORBES LLC is an institutional investor managing $8.2B across 388 U.S. equity positions as of Q2 2026. Based on the overlap of conviction holdings in their latest 13F filings, the hedge funds with portfolios most similar to WELCH & FORBES are HOWLAND, Bath Savings, WENDELL DAVID ASSOCIATES, with shared positions in $ORLY, $SYK, $ECL, $CB, $TJX, $DHR. The full ranking of 25 similar funds is below.

#1HOWLAND CAPITAL MANAGEMENT LLCActive

Notable overlap · 8 shared positions

$ORLY $SYK $ECL $CB $TJX $DHR

$2.8B

278 positions

#2Bath Savings Trust CoActive

Notable overlap · 9 shared positions

$SYK $ECL $TJX $WSO $DHR $IDXX

$965M

177 positions

#3WENDELL DAVID ASSOCIATES INCActive

Notable overlap · 8 shared positions

$SYK $ECL $TJX $WSO $MCD $DHR

$947M

155 positions

#4DB Fitzpatrick & Co, IncActive

Notable overlap · 5 shared positions

$ORLY $SYK $CB $ECL $DHR

$124M

100 positions

#5Capital Investment Services of America, Inc.Active

Notable overlap · 6 shared positions

$SYK $ECL $TJX $DHR $IDXX $RMD

$1.0B

83 positions

#6MassMutual Private Wealth & Trust, FSBPassive

Notable overlap · 9 shared positions

$MDY $CB $MCD $AMP $ECL $ORLY

$3.9B

2,444 positions

#7Marble Harbor Investment Counsel, LLCActive

Some overlap · 6 shared positions

$ORLY $ECL $IDXX $IRM $SYK $MCD

$984M

200 positions

#8L. Roy Papp & Associates, LLPPassive

Some overlap · 5 shared positions

$ORLY $SYK $ECL $MTD $MCD

$951M

193 positions

#9DILLON & ASSOCIATES INCActive

Some overlap · 5 shared positions

$ORLY $SYK $ECL $DHR $NEE

$817M

80 positions

#10Williams Jones Wealth Management, LLC.Active

Some overlap · 6 shared positions

$ECL $TJX $ORLY $IDXX $DHR $MTD

$8.9B

547 positions

#11Harbour Trust & Investment Management CoActive

Some overlap · 6 shared positions

$SYK $TJX $MDY $MCD $ECL $NEE

$1.0B

160 positions

#12MIDDLETON & CO INC/MAActive

Some overlap · 6 shared positions

$ORLY $DHR $ECL $SYK $IDXX $NEE

$942M

170 positions

#13Minot DeBlois Advisors LLCPassive

Some overlap · 5 shared positions

$CB $ECL $TJX $DHR $NEE

$116M

240 positions

#14Stillwater Wealth Management Group

Some overlap · 5 shared positions

$SYK $CB $TJX $MCD $NEE

$162M

77 positions

#15YHB Investment Advisors, Inc.Passive

Some overlap · 6 shared positions

$ECL $DHR $SYK $TJX $NEE $MCD

$1.6B

314 positions

#16NEW VERNON INVESTMENT MANAGEMENT LLCActive

Some overlap · 5 shared positions

$ORLY $CB $TJX $AJG $SYK

$82M

37 positions

#17SIGMA INVESTMENT COUNSELORS INCActive

Some overlap · 6 shared positions

$SYK $TJX $VRTX $AJG $DHR $NEE

$2.1B

218 positions

#18WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INCActive

Some overlap · 5 shared positions

$SYK $CB $DHR $AJG $NEE

$2.1B

131 positions

#19HARVEY INVESTMENT CO LLCActive

Some overlap · 4 shared positions

$ORLY $TJX $IDXX $MTD

$918M

99 positions

#20Vantage Investment Partners, LLC

Some overlap · 5 shared positions

$ORLY $IDXX $WSO $MCD $NEE

$1.4B

64 positions

#21Liberty Capital Management, Inc.Passive

Some overlap · 5 shared positions

$ECL $CB $DHR $SYK $MCD

$582M

184 positions

#22Nicollet Investment Management, Inc.Active

Some overlap · 5 shared positions

$ECL $TJX $CB $MDY $RMD

$324M

77 positions

#23DAVIS R M INCActive

Some overlap · 6 shared positions

$CB $TJX $DHR $IDXX $MTD $NEE

$6.3B

280 positions

#24BEESE FULMER INVESTMENT MANAGEMENT, INC.Passive

Some overlap · 5 shared positions

$ORLY $TJX $CB $SYK $MCD

$1.7B

401 positions

#25Long Road Investment Counsel, LLCActive

Some overlap · 3 shared positions

$ORLY $SYK $IDXX

$271M

80 positions

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Similarity is derived from each fund’s latest 13F-HR filing with the SEC. Funds are ranked by the overlap of distinctive conviction holdings; near-universal mega-cap positions are excluded so the ranking reflects shared strategy, not common index exposure. Data is informational only and not investment advice.