Welch Group
BIRMINGHAM, ALfiles as Welch Group, LLC
$2.9bn in 320 US stocks at the end of 30 June 2026. The top 10 are 30.9% of the money. It changed about 7.2% of the portfolio this quarter.
Value
$2.9bn
Stocks
320
Top 10 share
30.9%
Turnover
7.2%
What changed this quarter
New
Bought for the first time this quarter.
- Honeywell AerospaceHONA<0.1% of the fund
- Marvell TechnologyMRVL<0.1% of the fund
- Space Exploration TechnologiesSPCX<0.1% of the fund
- ASML Holding NVASML<0.1% of the fund
- Delta Air LinesDAL<0.1% of the fund
- Fortune Brands InnovationsFBIN<0.1% of the fund
- CSXCSX<0.1% of the fund
- MGM Resorts InternationalMGM<0.1% of the fund
- ValvolineVVV<0.1% of the fund
- Jazz PharmaceuticalsJAZZ<0.1% of the fund
- ETF SER SolutionsUFOX<0.1% of the fund
- Halozyme TherapeuticsHALO<0.1% of the fund
- FlexFLEX<0.1% of the fund
- First SolarFSLR<0.1% of the fund
- KLAKLAC<0.1% of the fund
- Talen EnergyTLN<0.1% of the fund
- CVS HealthCVS<0.1% of the fund
- Triumph FinancialTFIN<0.1% of the fund
- Microchip TechnologyMCHP<0.1% of the fund
- SouthState BankSSB<0.1% of the fund
- Keel InfrastructureKEEL<0.1% of the fund
- PrecigenPGEN<0.1% of the fund
- 3D SystemsDDD<0.1% of the fund
Added
Bought more of a stock they already held.
- International Business MachinesIBM2.9% of the fund+2%
- MicrosoftMSFT2.8% of the fund+3%
- Home DepotHD2.4% of the fund+5%
- Lockheed MartinLMT2.3% of the fund+3%
- McDonald'sMCD2.1% of the fund+5%
- Arthur J. GallagherAJG2.1% of the fund+4%
- Procter & GamblePG1.9% of the fund+2%
- PfizerPFE1.8% of the fund+2%
- American Electric PowerAEP1.8% of the fund+2%
- Kimberly-ClarkKMB1.7% of the fund+3%
- PaychexPAYX1.7% of the fund+4%
- Pimco ETF TRPYLD0.8% of the fund+20%
- Coca-ColaKO0.8% of the fund+2%
- Eli LillyLLY0.6% of the fund+97%
- DeereDE0.6% of the fund+4%
- Palo Alto NetworksPANW0.6% of the fund+3%
- Applied MaterialsAMAT0.6% of the fund+10%
- Amazon.comAMZN0.6% of the fund+3%
- Goldman Sachs GroupGS0.6% of the fund+2%
- VisaV0.5% of the fund+7%
- BroadcomAVGO0.5% of the fund+4%
- TJX CompaniesTJX0.4% of the fund+7%
- OracleORCL0.4% of the fund+6%
- Carrier GlobalCARR0.4% of the fund+7%
- Meta PlatformsMETA0.4% of the fund+13%
Cut
Sold some of their stake.
- Cisco SystemsCSCO3.6% of the fund-4%
- Texas InstrumentsTXN2.6% of the fund-4%
- CaterpillarCAT1.4% of the fund-2%
- Advanced Micro DevicesAMD1.1% of the fund-15%
- Micron TechnologyMU1.1% of the fund-22%
- Vanguard Index FDSVOO0.2% of the fund-3%
- AflacAFL0.2% of the fund-15%
- Spdr Gold TRGLD0.1% of the fund-5%
- Pinnacle Financial PartnersPNFP<0.1% of the fund-15%
- IntelINTC<0.1% of the fund-22%
- Abbott LaboratoriesABT<0.1% of the fund-83%
- Novartis AGNVS<0.1% of the fund-23%
- General ElectricGE<0.1% of the fund-6%
- Ishares TRIWM<0.1% of the fund-3%
- GE VernovaGEV<0.1% of the fund-3%
- Walt DisneyDIS<0.1% of the fund-7%
- Ishares TRIVW<0.1% of the fund-3%
- Vanguard Index FDSVO<0.1% of the fund-4%
- Kinder MorganKMI<0.1% of the fund-4%
- Marathon PetroleumMPC<0.1% of the fund-4%
- Phillips 66PSX<0.1% of the fund-7%
- Select Sector Spdr TRXLP<0.1% of the fund-10%
- Vanguard World FDMGV<0.1% of the fund-7%
- Ishares TRIJH<0.1% of the fund-6%
- Global PaymentsGPN<0.1% of the fund-9%
Sold out
Sold their entire stake.
- Honeywell InternationalHON-100%
- Proassurance-100%
- Vanguard Index FDSVXF-100%
- Boston ScientificBSX-100%
- Kinross GoldKGC-100%
- Intuitive SurgicalISRG-100%
- SalesforceCRM-100%
- Freeport-McMoRanFCX-100%
- Mueller Water ProductsMWA-100%
- KnightscopeKSCP-100%
- BitfarmsBITF-100%
Holdings
- Pimco ETF TRPYLD
- Share
- 0.8%
- Value
- $24m
- Shares
- 913,614
+20%
- Ishares TRIVV
- Share
- 0.5%
- Value
- $14m
- Shares
- 18,233
Held
- Vanguard Index FDSVOO
- Share
- 0.2%
- Value
- $6m
- Shares
- 8,492
-3%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.2%
- Value
- $5m
- Shares
- 7,346
+39%
- World Gold TRGLDM
- Share
- 0.2%
- Value
- $5m
- Shares
- 56,867
+15%
- Vanguard Scottsdale FDSVGSH
- Share
- 0.1%
- Value
- $4m
- Shares
- 65,275
Held
- Invesco QQQ TRQQQ
- Share
- 0.1%
- Value
- $3m
- Shares
- 4,432
Held
- Spdr Gold TRGLD
- Share
- 0.1%
- Value
- $3m
- Shares
- 8,625
-5%
- Ishares TRSHY
- Share
- <0.1%
- Value
- $2m
- Shares
- 28,930
Held
- Vaneck ETF TrustSMH
- Share
- <0.1%
- Value
- $2m
- Shares
- 2,722
Held
- Vanguard Index FDSVTI
- Share
- <0.1%
- Value
- $2m
- Shares
- 4,621
Held
- Ishares TRIEI
- Share
- <0.1%
- Value
- $1m
- Shares
- 12,500
Held
- Vanguard Scottsdale FDSVONE
- Share
- <0.1%
- Value
- $1m
- Shares
- 4,222
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppleAAPL | 3.7% | $108m | 372,791 | Held |
| Cisco SystemsCSCO | 3.6% | $107m | 906,782 | -4% |
| AbbVieABBV | 3.2% | $93m | 371,366 | Held |
| JPMorgan ChaseJPM | 3.1% | $91m | 276,835 | Held |
| Johnson & JohnsonJNJ | 3.1% | $91m | 356,484 | Held |
| RTXRTX | 3.0% | $88m | 461,989 | Held |
| International Business MachinesIBM | 2.9% | $85m | 301,425 | +2% |
| ServisFirst BancsharesSFBS | 2.8% | $83m | 959,733 | Held |
| MicrosoftMSFT | 2.8% | $82m | 219,788 | +3% |
| QualcommQCOM | 2.6% | $76m | 413,112 | Held |
| Texas InstrumentsTXN | 2.6% | $76m | 255,512 | -4% |
| Southern CompanySO | 2.6% | $75m | 787,841 | Held |
| NextEra EnergyNEE | 2.6% | $75m | 858,202 | Held |
| Cincinnati FinancialCINF | 2.5% | $73m | 396,011 | Held |
| ChevronCVX | 2.4% | $72m | 432,091 | Held |
| ExxonMobil HoldingsXOM | 2.4% | $71m | 519,749 | Held |
| Home DepotHD | 2.4% | $71m | 200,409 | +5% |
| Emerson ElectricEMR | 2.3% | $67m | 466,315 | Held |
| Truist FinancialTFC | 2.3% | $67m | 1,339,362 | Held |
| Lockheed MartinLMT | 2.3% | $66m | 130,241 | +3% |
| McDonald'sMCD | 2.1% | $61m | 224,805 | +5% |
| Arthur J. GallagherAJG | 2.1% | $60m | 262,241 | +4% |
| Consolidated EdisonED | 2.0% | $59m | 533,029 | Held |
| Colgate-PalmoliveCL | 2.0% | $58m | 634,264 | Held |
| Procter & GamblePG | 1.9% | $56m | 379,476 | +2% |
| PfizerPFE | 1.8% | $53m | 2,194,625 | +2% |
| American Electric PowerAEP | 1.8% | $53m | 384,533 | +2% |
| Verizon CommunicationsVZ | 1.7% | $51m | 1,201,159 | Held |
| Kimberly-ClarkKMB | 1.7% | $51m | 461,771 | +3% |
| PaychexPAYX | 1.7% | $50m | 503,577 | +4% |
| PepsiCoPEP | 1.6% | $47m | 346,274 | Held |
| CaterpillarCAT | 1.4% | $41m | 38,163 | -2% |
| NvidiaNVDA | 1.2% | $35m | 174,029 | Held |
| Advanced Micro DevicesAMD | 1.1% | $33m | 57,015 | -15% |
| Micron TechnologyMU | 1.1% | $32m | 27,937 | -22% |
| Pimco ETF TRPYLD | 0.8% | $24m | 913,614 | +20% |
| Coca-ColaKO | 0.8% | $23m | 279,984 | +2% |
| AlphabetGOOGL | 0.8% | $23m | 63,087 | Held |
| Eli LillyLLY | 0.6% | $18m | 15,064 | +97% |
| DeereDE | 0.6% | $18m | 28,119 | +4% |
| Palo Alto NetworksPANW | 0.6% | $18m | 51,532 | +3% |
| Applied MaterialsAMAT | 0.6% | $17m | 24,074 | +10% |
| Amazon.comAMZN | 0.6% | $17m | 69,670 | +3% |
| Goldman Sachs GroupGS | 0.6% | $17m | 16,363 | +2% |
| VisaV | 0.5% | $15m | 44,021 | +7% |
| Ishares TRIVV | 0.5% | $14m | 18,233 | Held |
| BroadcomAVGO | 0.5% | $13m | 35,018 | +4% |
| TJX CompaniesTJX | 0.4% | $12m | 80,148 | +7% |
| OracleORCL | 0.4% | $12m | 79,270 | +6% |
| Carrier GlobalCARR | 0.4% | $11m | 153,645 | +7% |
| Meta PlatformsMETA | 0.4% | $11m | 19,595 | +13% |
| TargetTGT | 0.4% | $11m | 83,809 | +5% |
| MastercardMA | 0.4% | $11m | 20,831 | +14% |
| Sherwin-WilliamsSHW | 0.4% | $11m | 30,991 | +15% |
| BlackstoneBX | 0.4% | $10m | 87,644 | +9% |
| StrykerSYK | 0.3% | $10m | 32,214 | +20% |
| Globe LifeGL | 0.3% | $8m | 45,966 | Held |
| Vulcan MaterialsVMC | 0.3% | $8m | 27,465 | Held |
| TeslaTSLA | 0.2% | $7m | 16,486 | Held |
| American ExpressAXP | 0.2% | $6m | 18,908 | Held |
| Vanguard Index FDSVOO | 0.2% | $6m | 8,492 | -3% |
| WalmartWMT | 0.2% | $6m | 50,675 | Held |
| State STR Spdr S&P 500 ETF TSPY | 0.2% | $5m | 7,346 | +39% |
| MerckMRK | 0.2% | $5m | 37,231 | Held |
| AlphabetGOOG | 0.2% | $5m | 13,515 | +3% |
| Norfolk SouthernNSC | 0.2% | $5m | 14,552 | Held |
| Regions FinancialRF | 0.2% | $5m | 150,270 | Held |
| World Gold TRGLDM | 0.2% | $5m | 56,867 | +15% |
| AflacAFL | 0.2% | $5m | 38,442 | -15% |
| Philip Morris InternationalPM | 0.1% | $4m | 21,747 | Held |
| Vanguard Scottsdale FDSVGSH | 0.1% | $4m | 65,275 | Held |
| Modine ManufacturingMOD | 0.1% | $3m | 13,000 | Held |
| Invesco QQQ TRQQQ | 0.1% | $3m | 4,432 | Held |
| Spdr Gold TRGLD | 0.1% | $3m | 8,625 | -5% |
| Altria GroupMO | 0.1% | $3m | 42,273 | Held |
| Pinnacle Financial PartnersPNFP | <0.1% | $3m | 26,853 | -15% |
| Mueller IndustriesMLI | <0.1% | $3m | 22,000 | Held |
| CraneCR | <0.1% | $2m | 11,000 | Held |
| Bank of New York MellonBNY | <0.1% | $2m | 16,936 | Held |
| WelltowerWELL | <0.1% | $2m | 10,731 | Held |
| Ishares TRSHY | <0.1% | $2m | 28,930 | Held |
| Watts Water TechnologiesWTS | <0.1% | $2m | 5,400 | Held |
| Wells Fargo & CompanyWFC | <0.1% | $2m | 24,719 | +3% |
| Costco WholesaleCOST | <0.1% | $2m | 2,114 | +4% |
| Waste ManagementWM | <0.1% | $2m | 8,233 | Held |
| Bank of AmericaBAC | <0.1% | $2m | 31,739 | +4% |
| AT&TT | <0.1% | $2m | 86,504 | Held |
| Vaneck ETF TrustSMH | <0.1% | $2m | 2,722 | Held |
| Republic ServicesRSG | <0.1% | $2m | 8,141 | Held |
| Vanguard Index FDSVTI | <0.1% | $2m | 4,621 | Held |
| AonAON | <0.1% | $2m | 5,148 | Held |
| Banco Bilbao Vizcaya ArgentariaBBVA | <0.1% | $2m | 67,195 | Held |
| Duke EnergyDUK | <0.1% | $2m | 13,082 | +2% |
| Genuine PartsGPC | <0.1% | $2m | 13,557 | Held |
| IntelINTC | <0.1% | $2m | 11,284 | -22% |
| GracoGGG | <0.1% | $2m | 20,653 | Held |
| EnproNPO | <0.1% | $2m | 4,000 | Held |
| Ishares TRIEI | <0.1% | $1m | 12,500 | Held |
| Vanguard Scottsdale FDSVONE | <0.1% | $1m | 4,222 | Held |
| TextronTXT | <0.1% | $1m | 15,400 | Held |
Showing the largest 100 of 320.
Options (6)
- TeslaTSLA
- Type
- Put
- Value
- $1m
- Contracts
- 3,000
- Applied MaterialsAMAT
- Type
- Put
- Value
- $723,000
- Contracts
- 1,000
- VisaV
- Type
- Put
- Value
- $686,180
- Contracts
- 2,000
- Advanced Micro DevicesAMD
- Type
- Put
- Value
- $580,910
- Contracts
- 1,000
- AlphabetGOOGL
- Type
- Put
- Value
- $357,370
- Contracts
- 1,000
- NvidiaNVDA
- Type
- Put
- Value
- $200,090
- Contracts
- 1,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| TeslaTSLA | Put | $1m | 3,000 |
| Applied MaterialsAMAT | Put | $723,000 | 1,000 |
| VisaV | Put | $686,180 | 2,000 |
| Advanced Micro DevicesAMD | Put | $580,910 | 1,000 |
| AlphabetGOOGL | Put | $357,370 | 1,000 |
| NvidiaNVDA | Put | $200,090 | 1,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 22.2% since 30 June 2025.
Where the money is
Technology24.1%
Financial services16.3%
Industrials13.0%
Health care9.5%
Utilities9.2%
Everyday goods9.0%
Retail & consumer6.1%
Energy5.1%
Media & telecom3.2%
Materials0.9%
Real estate0.2%
Other3.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.