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Asset Manager ← All Institutions

Welch Group, LLC

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

Q4 2025 · Filed 2026-01-26
Market Value
$2.6B
+1.2%
Holdings
320
+19
New Purchases
25
Added To
141
Closed
17
Reduced
71
Top 10 Concentration
32.8%
Turnover
13.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AEP 1.45% 0.04% +1.41% $37M
PYLD 0.76% 0.00% +0.76% $20M
MU 0.40% 0.03% +0.36% $10M
CSCO 2.87% 2.58% +0.29% $74M
XLP 0.26% 0.00% +0.26% $7M
JNJ 3.04% 2.78% +0.26% $79M
SPY 0.35% 0.15% +0.20% $9M
AAPL 3.94% 3.76% +0.18% $102M
TFC 2.51% 2.34% +0.17% $65M
GOOGL 0.78% 0.61% +0.17% $20M
RTX 3.54% 3.39% +0.16% $92M
XOM 2.55% 2.40% +0.15% $66M
CAT 0.90% 0.76% +0.14% $23M
NEE 2.69% 2.57% +0.12% $70M
AMD 0.56% 0.45% +0.11% $14M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GIS 0.08% 1.62% -1.54% $2M
KMB 1.26% 1.83% -0.56% $33M
AJG 2.29% 2.74% -0.45% $59M
HD 2.44% 2.83% -0.40% $63M
MSFT 3.86% 4.19% -0.33% $100M
SFBS 2.78% 3.10% -0.32% $72M
CL 1.87% 2.14% -0.27% $48M
PAYX 1.76% 2.01% -0.25% $46M
SO 2.62% 2.86% -0.24% $68M
ORCL 0.51% 0.74% -0.23% $13M
PG 1.92% 2.07% -0.15% $50M
VZ 1.86% 2.00% -0.14% $48M
ABBV 3.24% 3.35% -0.11% $84M
TXN 1.76% 1.85% -0.08% $46M
PFE 1.91% 1.98% -0.07% $49M

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 64 $1.5B 58.5%
Large Cap 194 $978M 37.8%
Mid Cap 48 $94M 3.6%
Small Cap 8 $2M 0.1%
Micro Cap 6 $368K 0.0%

Portfolio Analytics

Avg Market Cap
$212.9B
Median Market Cap
$59.8B
Avg P/E
33.3
Median P/E
23.1
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
243
# ETFs / Funds
77

Top Holdings (320 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AAPL 3.94% 375,861 $102M $271.86 $6M -2,238 -0.6%
2 MSFT 3.86% 206,681 $100M $483.62 -$7M -368 -0.2%
3 RTX 3.54% 500,842 $92M $183.40 $5M -17,308 -3.3%
4 JPM 3.49% 281,039 $91M $322.22 $604K -4,133 -1.4%
5 IBM 3.34% 291,893 $86M $296.21 $1M -9,367 -3.1%
6 ABBV 3.24% 367,597 $84M $228.49 -$2M -2,911 -0.8%
7 JNJ 3.04% 380,080 $79M $206.95 $8M -3,320 -0.9%
8 CSCO 2.87% 965,959 $74M $77.03 $8M -177 -0.0%
9 SFBS 2.78% 1,003,503 $72M $71.79 -$7M +19,727 +2.0%
10 NEE 2.69% 869,421 $70M $80.28 $4M -1,406 -0.2%
11 SO 2.62% 779,260 $68M $87.20 -$5M +6,686 +0.9%
12 QCOM 2.55% 386,404 $66M $171.05 $2M +2,600 +0.7%
13 XOM 2.55% 548,346 $66M $120.34 $5M +4,271 +0.8%
14 CVX 2.53% 429,985 $66M $152.41 -$810K +2,758 +0.7%
15 CINF 2.52% 399,079 $65M $163.32 $2M -3,156 -0.8%
16 TFC 2.51% 1,324,063 $65M $49.21 $5M +12,127 +0.9%
17 MCD 2.50% 212,229 $65M $305.63 $1M +2,455 +1.2%
18 LMT 2.48% 132,684 $64M $483.67 -$1M +1,999 +1.5%
19 EMR 2.46% 479,571 $64M $132.72 $366K -2,841 -0.6%
20 HD 2.44% 183,438 $63M $344.10 -$9M +4,614 +2.6%
21 AJG 2.29% 229,225 $59M $258.79 -$11M +2,711 +1.2%
22 ED 2.02% 528,169 $52M $99.32 -$84K +5,472 +1.1%
23 PG 1.92% 347,845 $50M $143.31 -$3M +3,147 +0.9%
24 PFE 1.91% 1,982,578 $49M $24.90 -$1M -4,336 -0.2%
25 CL 1.87% 613,176 $48M $79.02 -$6M -72,609 -10.6%
26 VZ 1.86% 1,182,228 $48M $40.73 -$3M +15,910 +1.4%
27 PEP 1.81% 326,764 $47M $143.52 $526K -3,417 -1.0%
28 TXN 1.76% 263,129 $46M $173.49 -$2M +5,937 +2.3%
29 PAYX 1.76% 406,802 $46M $112.18 -$6M +408 +0.1%
30 AEP 1.45% 325,185 $37M $115.31 $37M +316,991 +3868.6%
31 NVDA 1.27% 176,997 $33M $186.50 -$1M -5,321 -2.9%
32 KMB 1.26% 324,477 $33M $100.89 -$14M -51,587 -13.7%
33 CAT 0.90% 40,627 $23M $572.87 $4M -70 -0.2%
34 GOOGL 0.78% 64,794 $20M $313.00 $5M +105 +0.2%
35 PYLD 0.76% 735,021 $20M $26.68 +735,021 NEW
36 KO 0.74% 273,740 $19M $69.91 $1M +4,604 +1.7%
37 AMZN 0.58% 65,396 $15M $230.82 $1M +2,373 +3.8%
38 AMD 0.56% 67,622 $14M $214.16 $3M -3,638 -5.1%
39 GS 0.55% 16,337 $14M $879.01 $1M -165 -1.0%
40 V 0.53% 39,154 $14M $350.71 $800K +1,273 +3.4%
41 ORCL 0.51% 68,286 $13M $194.91 -$6M +875 +1.3%
42 IVV 0.51% 19,139 $13M $684.94 $891K +885 +4.8%
43 DE 0.49% 27,013 $13M $465.57 $570K +755 +2.9%
44 AVGO 0.45% 33,567 $12M $346.10 $647K +315 +0.9%
45 TJX 0.45% 75,098 $12M $153.61 $778K +674 +0.9%
46 META 0.42% 16,525 $11M $660.09 -$740K +664 +4.2%
47 BX 0.40% 66,949 $10M $154.14 -$622K +2,908 +4.5%
48 MU 0.40% 35,912 $10M $285.41 $9M +31,144 +653.2%
49 ABT 0.39% 81,285 $10M $125.29 -$205K +3,720 +4.8%
50 MA 0.37% 16,934 $10M $570.89 $556K +917 +5.7%
51 SPY 0.35% 13,265 $9M $681.90 $5M +7,673 +137.2%
52 SYK 0.34% 25,297 $9M $351.47 -$22K +1,185 +4.9%
53 LLY 0.32% 7,686 $8M $1,074.68 $3M +172 +2.3%
54 SHW 0.32% 25,382 $8M $324.02 -$91K +1,368 +5.7%
55 VMC 0.30% 27,492 $8M $285.22 -$731K -373 -1.3%
56 PANW 0.29% 41,149 $8M $184.20 -$342K +2,243 +5.8%
57 ACN 0.28% 27,045 $7M $268.30 $508K -319 -1.2%
58 AXP 0.27% 18,892 $7M $369.95 $723K +26 +0.1%
59 XLP 0.26% 86,675 $7M $77.68 +86,675 NEW
60 CARR 0.26% 126,006 $7M $52.84 -$354K +8,551 +7.3%
61 GL 0.25% 46,875 $7M $139.86 -$211K -458 -1.0%
62 VOO 0.24% 9,972 $6M $627.10 $913K +1,251 +14.3%
63 TGT 0.23% 61,530 $6M $97.75 -$211K -7,880 -11.3%
64 AFL 0.23% 53,635 $6M $110.27 -$1M -11,799 -18.0%
65 WMT 0.22% 50,903 $6M $111.41 $468K +417 +0.8%
66 GOOG 0.16% 13,073 $4M $313.79 $976K +236 +1.8%
67 RF 0.15% 147,472 $4M $27.10 $4K -3,936 -2.6%
68 GLD 0.15% 9,639 $4M $396.31 $845K +1,271 +15.2%
69 SHY 0.15% 45,614 $4M $82.82 $580K +7,065 +18.3%
70 VGSH 0.14% 63,425 $4M $58.73 $527K +9,078 +16.7%
71 MRK 0.14% 34,481 $4M $105.26 $756K +239 +0.7%
72 PM 0.13% 21,780 $3M $160.40 -$29K +64 +0.3%
73 SNV 0.13% 67,623 $3M $50.05 $66K
74 QQQ 0.10% 4,324 $3M $614.37 -$398K -764 -15.0%
75 MLI 0.10% 22,000 $3M $114.80 $301K
76 MO 0.09% 42,196 $2M $57.66 -$286K +1,035 +2.5%
77 WFC 0.09% 23,996 $2M $93.20 $275K +591 +2.5%
78 T 0.08% 88,574 $2M $24.84 -$449K -5,246 -5.6%
79 GIS 0.08% 45,437 $2M $46.50 -$39M -776,843 -94.5%
80 CR 0.08% 11,000 $2M $184.43 $3K
81 WELL 0.08% 10,731 $2M $185.61 $85K +28 +0.3%
82 COST 0.08% 2,286 $2M $862.34 $298K +478 +26.4%
83 DVY 0.08% 13,958 $2M $141.14 $1M +9,296 +199.4%
84 BK 0.08% 16,936 $2M $116.09 $121K
85 WM 0.07% 8,316 $2M $219.70 -$2K +35 +0.4%
86 AON 0.07% 5,148 $2M $352.88 -$13K +18 +0.3%
87 GLDM 0.07% 21,040 $2M $85.37 $626K +5,729 +37.4%
88 SLV 0.07% 27,230 $2M $64.42 $685K +1,997 +7.9%
89 MOD 0.07% 13,000 $2M $133.51 -$112K
90 RSG 0.07% 8,123 $2M $211.93 -$143K
91 BAC 0.07% 31,119 $2M $55.00 $111K +97 +0.3%
92 GPC 0.07% 13,873 $2M $122.96 -$215K +15 +0.1%
93 GGG 0.07% 20,653 $2M $81.97 -$62K
94 NOC 0.06% 2,816 $2M $570.21 -$168K -95 -3.3%
95 BBVA 0.06% 68,497 $2M $23.31 $119K -8,288 -10.8%
96 DUK 0.06% 13,370 $2M $117.21 -$20K +549 +4.3%
97 WTS 0.06% 5,400 $1M $276.02 -$18K
98 HON 0.06% 7,579 $1M $195.09 -$146K -137 -1.8%
99 TSLA 0.06% 3,212 $1M $449.72 $168K +341 +11.9%
100 TXT 0.05% 15,400 $1M $87.17 $41K

Options Breakdown

1 Calls $224K Call Value 1 Puts $701K Put Value 3.13 P/C Ratio

Top Calls

SymbolSharesValueStatus
NVDA 1,200 $224K NEW

Top Puts

SymbolSharesValueStatus
V 2,000 $701K

New Positions

SymbolValue% Port
PYLD $20M 0.76%
XLP $7M 0.26%
IYK $767K 0.03%
XLV $746K 0.03%
USMV $481K 0.02%
EFA $428K 0.02%
IDV $391K 0.02%
MUB $389K 0.02%
SHOP $315K 0.01%
PULS $300K 0.01%
IAU $297K 0.01%
SPLV $269K 0.01%
AKRE $263K 0.01%
LVS $241K 0.01%
KGC $239K 0.01%

Sold Out Positions

SymbolValue% Port
KHC —%
VVV —%
UL —%
CTVA —%
AOS —%
IR —%
PKG —%
EXC —%
DNP —%
ADBE —%
GDXJ —%
TLN —%
URA —%
ARBK —%
DNN —%
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