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Asset Manager ← All Institutions

Welch Group, LLC

3940 MONTCLAIR ROAD, FIFTH FLOOR, BIRMINGHAM, AL 35213 • 205-879-5001

Q2 2025 · Filed 2025-07-25
Market Value
$2.4B
+5.2%
Holdings
285
+8
New Purchases
22
Added To
167
Closed
8
Reduced
25
Top 10 Concentration
32.6%
Turnover
10.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 4.26% 3.40% +0.87% $102M
IBM 3.70% 3.23% +0.47% $89M
EMR 2.69% 2.27% +0.43% $64M
JPM 3.46% 3.04% +0.43% $83M
NVDA 1.22% 0.87% +0.35% $29M
TXN 2.20% 1.91% +0.29% $52M
CSCO 2.77% 2.53% +0.24% $66M
ORCL 0.60% 0.39% +0.21% $14M
AVGO 0.38% 0.21% +0.16% $9M
RTX 3.18% 3.03% +0.16% $76M
AMD 0.42% 0.28% +0.13% $10M
GS 0.49% 0.38% +0.11% $12M
TFC 2.34% 2.23% +0.10% $56M
META 0.48% 0.38% +0.10% $12M
CAT 0.64% 0.55% +0.09% $15M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CVX 2.51% 3.00% -0.48% $60M
ABBV 2.85% 3.27% -0.42% $68M
AJG 3.00% 3.39% -0.39% $72M
SFBS 3.16% 3.51% -0.35% $76M
XOM 2.41% 2.73% -0.32% $58M
GIS 1.69% 1.99% -0.30% $40M
ED 2.16% 2.46% -0.30% $52M
PEP 2.01% 2.30% -0.29% $48M
KMB 1.98% 2.25% -0.27% $47M
JNJ 2.42% 2.69% -0.27% $58M
AAPL 3.22% 3.46% -0.24% $77M
MCD 2.52% 2.75% -0.24% $60M
PAYX 2.42% 2.65% -0.22% $58M
PG 2.25% 2.46% -0.21% $54M
VZ 2.08% 2.25% -0.17% $50M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Technology 19.7%
Financial Services 19.0%
Industrials 13.5%
Utilities 10.2%
Healthcare 9.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 59 $1.4B 56.5%
Large Cap 168 $942M 39.4%
Mid Cap 40 $95M 4.0%
Small Cap 11 $2M 0.1%
Micro Cap 7 $302K 0.0%

Portfolio Analytics

Avg Market Cap
$227.4B
Median Market Cap
$60.3B
Avg P/E
33.4
Median P/E
23.2
Avg Dividend Yield
0.03%
Avg Beta
0.89
# Stocks
229
# ETFs / Funds
56

Top Holdings (285 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 4.26% 204,974 $102M $497.41 $25M +1,077 +0.5%
2 IBM 3.70% 300,394 $89M $294.78 $15M -819 -0.3%
3 JPM 3.46% 285,533 $83M $289.91 $14M +1,386 +0.5%
4 AAPL 3.22% 375,181 $77M $205.17 -$2M +14,459 +4.0%
5 RTX 3.18% 521,476 $76M $146.02 $7M -544 -0.1%
6 SFBS 3.16% 974,158 $76M $77.51 -$4M -27
7 AJG 3.00% 224,038 $72M $320.12 -$5M -1,787 -0.8%
8 SO 2.95% 767,455 $70M $91.83 $629K +1,005 +0.1%
9 ABBV 2.85% 367,359 $68M $185.62 -$6M +5,347 +1.5%
10 CSCO 2.77% 956,197 $66M $69.38 $9M +11,636 +1.2%
11 HD 2.71% 176,698 $65M $366.64 $3M +4,129 +2.4%
12 EMR 2.69% 483,059 $64M $133.33 $13M +8,984 +1.9%
13 CL 2.53% 665,041 $60M $90.90 -$378K +9,689 +1.5%
14 MCD 2.52% 206,004 $60M $292.17 -$2M +2,180 +1.1%
15 CVX 2.51% 419,880 $60M $143.19 -$8M +9,703 +2.4%
16 QCOM 2.50% 375,898 $60M $159.26 $4M +13,099 +3.6%
17 CINF 2.49% 400,492 $60M $148.92 $2M +1,813 +0.5%
18 NEE 2.47% 850,837 $59M $69.42 $239K +15,826 +1.9%
19 LMT 2.46% 126,912 $59M $463.14 $4M +2,709 +2.2%
20 PAYX 2.42% 398,493 $58M $145.46 -$2M +84 +0.0%
21 JNJ 2.42% 378,913 $58M $152.75 -$3M +6,132 +1.6%
22 XOM 2.41% 535,498 $58M $107.80 -$4M +8,259 +1.6%
23 TFC 2.34% 1,298,835 $56M $42.99 $5M +44,464 +3.5%
24 PG 2.25% 337,798 $54M $159.32 -$2M +4,725 +1.4%
25 TXN 2.20% 252,853 $52M $207.62 $9M +6,993 +2.8%
26 ED 2.16% 514,010 $52M $100.35 -$4M +617 +0.1%
27 VZ 2.08% 1,147,934 $50M $43.27 -$1M +10,030 +0.9%
28 PEP 2.01% 363,869 $48M $132.04 -$4M +13,163 +3.8%
29 KMB 1.98% 367,551 $47M $128.92 -$4M +4,201 +1.2%
30 PFE 1.94% 1,908,773 $46M $24.24 $212K +81,841 +4.5%
31 GIS 1.69% 777,702 $40M $51.81 -$5M +14,130 +1.9%
32 NVDA 1.22% 184,091 $29M $157.99 $9M +4,697 +2.6%
33 KO 0.77% 259,317 $18M $70.75 $285K +2,652 +1.0%
34 CAT 0.64% 39,634 $15M $388.21 $3M +1,664 +4.4%
35 ORCL 0.60% 65,885 $14M $218.63 $6M +2,778 +4.4%
36 AMZN 0.56% 60,924 $13M $219.39 $2M +2,711 +4.7%
37 DE 0.54% 25,557 $13M $508.50 $1M +432 +1.7%
38 V 0.53% 35,425 $13M $355.05 $675K +709 +2.0%
39 GS 0.49% 16,404 $12M $707.75 $3M +501 +3.1%
40 META 0.48% 15,686 $12M $738.08 $3M +588 +3.9%
41 GOOGL 0.47% 64,262 $11M $176.23 $2M +2,467 +4.0%
42 IVV 0.46% 17,635 $11M $620.90 $1M +32 +0.2%
43 ABT 0.43% 74,915 $10M $136.01 $959K +4,362 +6.2%
44 AMD 0.42% 70,087 $10M $141.90 $3M +7,471 +11.9%
45 BX 0.39% 62,641 $9M $149.58 $1M +3,435 +5.8%
46 AVGO 0.38% 32,562 $9M $275.65 $4M +4,098 +14.4%
47 TJX 0.37% 71,935 $9M $123.49 $738K +3,031 +4.4%
48 MA 0.36% 15,507 $9M $561.96 $604K +505 +3.4%
49 SYK 0.36% 21,736 $9M $395.62 $1M +973 +4.7%
50 AFL 0.35% 78,407 $8M $105.46 -$493K -1,393 -1.8%
51 CARR 0.33% 109,266 $8M $73.19 $1M +5,717 +5.5%
52 SHW 0.33% 22,897 $8M $343.36 $386K +892 +4.0%
53 VMC 0.31% 27,990 $7M $260.82 $918K +591 +2.2%
54 ACN 0.29% 23,300 $7M $298.88 $447K +1,885 +8.8%
55 TGT 0.25% 61,631 $6M $98.65 $494K +7,744 +14.4%
56 AXP 0.25% 18,833 $6M $318.98 $1M +24 +0.1%
57 GL 0.25% 47,577 $6M $124.29 -$277K -128 -0.3%
58 VOO 0.22% 9,258 $5M $568.06 $1M +1,654 +21.8%
59 LLY 0.21% 6,510 $5M $779.53 -$218K +75 +1.2%
60 WMT 0.20% 47,970 $5M $97.78 $677K +836 +1.8%
61 PM 0.16% 21,656 $4M $182.13 $593K +59 +0.3%
62 SNV 0.15% 67,708 $4M $51.75 $374K -135 -0.2%
63 RF 0.14% 137,556 $3M $23.52 $340K +2,396 +1.8%
64 SPY 0.13% 5,052 $3M $617.89 $1M +1,352 +36.5%
65 SHY 0.12% 34,529 $3M $82.86 $778K +9,337 +37.1%
66 QQQ 0.11% 4,839 $3M $551.69 $921K +1,110 +29.8%
67 MRK 0.11% 33,286 $3M $79.16 -$209K +1,419 +4.5%
68 MO 0.10% 42,318 $2M $58.63 $97K +1,325 +3.2%
69 T 0.10% 85,164 $2M $28.94 $31K -1,187 -1.4%
70 GLD 0.10% 7,944 $2M $304.83 $264K +348 +4.6%
71 GOOG 0.10% 12,936 $2M $177.39 $388K +721 +5.9%
72 VGSH 0.09% 37,476 $2M $58.78 -$380K -6,537 -14.8%
73 BIL 0.09% 23,718 $2M $91.73 $1M +11,324 +91.4%
74 CR 0.09% 11,000 $2M $189.89 $417K
75 RSG 0.08% 8,123 $2M $246.61 $66K +1 +0.0%
76 AON 0.08% 5,130 $2M $356.76 -$193K +1 +0.0%
77 WFC 0.08% 22,467 $2M $80.12 $283K +1,006 +4.7%
78 GGG 0.07% 20,653 $2M $85.97 -$209K -3,138 -13.2%
79 MLI 0.07% 22,000 $2M $79.47 $63K
80 COST 0.07% 1,755 $2M $989.94 $19K -93 -5.0%
81 HON 0.07% 7,386 $2M $232.88 $167K +3 +0.0%
82 WELL 0.07% 10,703 $2M $153.73 $4K +3 +0.0%
83 GPC 0.07% 13,017 $2M $121.31 $37K +1 +0.0%
84 WM 0.06% 6,790 $2M $228.82 $7K +2 +0.0%
85 BK 0.06% 16,936 $2M $91.11 $142K
86 DUK 0.06% 12,400 $1M $118.00 -$8K +81 +0.7%
87 NOC 0.06% 2,872 $1M $499.98 -$34K +2 +0.1%
88 BAC 0.06% 28,697 $1M $47.32 $202K +686 +2.5%
89 WTS 0.06% 5,400 $1M $245.89 $226K
90 MOD 0.05% 13,000 $1M $98.50 $250K
91 MDLZ 0.05% 18,889 $1M $67.44 $3K +123 +0.7%
92 TXT 0.05% 15,400 $1M $80.29 $112K
93 ORLY 0.05% 13,440 $1M $90.13 $839K +13,176 +4990.9%
94 NFLX 0.05% 901 $1M $1,339.13 $369K +4 +0.5%
95 DIS 0.05% 9,661 $1M $124.00 $260K +99 +1.0%
96 VONE 0.05% 4,237 $1M $280.86 $120K
97 GATX 0.05% 7,512 $1M $153.56 -$19K
98 NVS 0.05% 9,466 $1M $121.01 $82K +20 +0.2%
99 UCB 0.04% 34,558 $1M $29.79 $69K
100 XYL 0.04% 7,802 $1M $129.36 $78K +2 +0.0%

Options Breakdown

0 Calls $0 Call Value 1 Puts $710K Put Value

Top Puts

SymbolSharesValueStatus
V 2,000 $710K NEW

New Positions

SymbolValue% Port
TSPA $359K 0.02%
COIN $350K 0.01%
CEG $342K 0.01%
CDNS $308K 0.01%
MCHP $257K 0.01%
WLDN $250K 0.01%
DG $248K 0.01%
CRWD $238K 0.01%
LHX $237K 0.01%
URA $236K 0.01%
DXJ $232K 0.01%
VB $231K 0.01%
VWO $227K 0.01%
MMM $225K 0.01%
CTVA $221K 0.01%

Sold Out Positions

SymbolValue% Port
EPC —%
ENR —%
DOW —%
CAG —%
LNT —%
CPB —%
REGN —%
BABA —%
View SEC EDGAR Filings for Welch Group, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms