Welch Group, LLC
Registered adviserFiling Date
Global Rank
#1,269
/ 8,818
▼ 26
Top Industry
Semiconductors
9.5%
Period ended 4 months ago
Filed Jul 23, 2026 · 3mo
26 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Registered adviser
Form ADV roster, Oct 1, 2026
Regulatory AUM
$3,682,452,369
Main clients
Individuals and high net worth
(99% of AUM)
Form ADV history
Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.
| Rosters | Regulatory AUM | Main clients |
|---|---|---|
| Mar 2026 to Oct 2026 | $3,682,452,369 | Individuals and high net worth (99%) |
| Mar 2025 to Feb 2026 | $3,212,010,865 | Individuals and high net worth (99%) |
| Mar 2024 to Feb 2025 | $2,759,780,587 | Individuals and high net worth (99%) |
| May 2023 to Feb 2024 | $2,522,233,225 | Individuals and high net worth (98%) |
| Apr 2023 | $2,522,233,225 | Individuals and high net worth (98%) |
| Mar 2022 to Mar 2023 | $2,449,942,225 | Individuals and high net worth (97%) |
3 earlier changes not shown.
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 30.9%, 48.2 effective positions, active share 67.8% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
7.0% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 24.5 quarters (12+), a floor since 86.9% of the book was already held when coverage starts
Closest benchmark: the S&P 500 as of 2026-06-30, active share 67.8%; sector active share 21.7% against the combined 13F book's sector weights.
Over time 26 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
320 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Top Position
3.7%
+0.1 pts
Top 5
16.7%
−0.2 pts
Top 10
30.8%
−1.0 pts
HHI
207
Diversified−10
Portfolio Trend
26 quarters · across all stocks
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Technology | 25.8% | $754,912,594 |
| Financial Services | 16.3% | $477,586,451 |
| Industrials | 11.3% | $332,121,860 |
| Healthcare | 9.5% | $277,994,784 |
| Utilities | 9.2% | $268,584,996 |
| Consumer Defensive | 9.0% | $262,567,737 |
| Consumer Cyclical | 6.1% | $177,768,259 |
| Energy | 5.2% | $152,297,482 |
| Unclassified | 3.4% | $100,072,154 |
| Communication Services | 3.3% | $96,367,899 |
| Basic Materials | 0.8% | $23,353,890 |
| Real Estate | 0.2% | $4,821,770 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PYLD | +154,736 | 913,614 | $24,229,043 | ||
| PFE | Pfizer Inc | +46,534 | 2,194,625 | $52,846,570 | |
| PAYX | Paychex Inc | +19,129 | 503,577 | $49,516,726 | |
| KMB | Kimberly Clark Corp | +14,717 | 461,771 | $50,688,602 | |
| VUG | VANGUARD GROWTH INDEX FUND | +10,670 | 12,827 | $1,104,917 | |
| CARR | CARRIER GLOBAL Corp | +10,466 | 153,645 | $11,269,860 | |
| TFC | Truist Financial Corp | +10,199 | 1,339,362 | $66,727,014 | |
| HD | Home Depot, Inc. | +9,891 | 200,409 | $70,680,246 | |
| MCD | Mcdonalds Corp | +9,731 | 224,805 | $60,767,039 | |
| AJG | Arthur J. Gallagher & Co. | +9,229 | 262,241 | $60,202,666 | |
| PG | PROCTER & GAMBLE Co | +9,122 | 379,476 | $55,646,360 | |
| AEP | American Electric Power Co Inc | +8,081 | 384,533 | $52,607,959 | |
| WWR | Westwater Resources, Inc. | +7,525 | 30,479 | $15,544 | |
| CL | Colgate Palmolive Co | +7,436 | 634,264 | $58,149,323 | |
| LLY | ELI LILLY & Co | +7,415 | 15,064 | $18,068,215 | |
| GLDM | World Gold Trust | +7,346 | 56,867 | $4,516,377 | |
| UROY | Uranium Royalty Corp. | +7,200 | 21,310 | $59,241 | |
| VO | VANGUARD MID-CAP INDEX FUND | +6,985 | 9,454 | $761,708 | |
| BX | Blackstone Inc. | +6,871 | 87,644 | $10,313,069 | |
| IBM | International Business Machines Corp | +6,623 | 301,425 | $84,763,724 | |
| VGT | VANGUARD INFORMATION TECHNOLOGY INDEX FUND | +6,462 | 7,384 | $882,535 | |
| KO | Coca Cola Co | +6,299 | 279,984 | $22,754,299 | |
| PEP | Pepsico Inc | +6,295 | 346,274 | $46,885,499 | |
| MTR | Mesa Royalty Trust | +6,200 | 22,570 | $69,967 | |
| MSFT | Microsoft Corp | +5,665 | 219,788 | $81,985,319 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ABT | Abbott Laboratories | −73,469 | 15,522 | $1,408,466 | |
| CSCO | Cisco Systems, Inc. | −40,173 | 906,782 | $106,510,613 | |
| SFBS | ServisFirst Bancshares, Inc. | −16,198 | 959,733 | $83,256,837 | |
| TXN | Texas Instruments Inc | −11,780 | 255,512 | $76,160,461 | |
| AMD | Advanced Micro Devices Inc | −9,936 | 57,015 | $33,120,583 | |
| MU | Micron Technology Inc | −8,020 | 27,937 | $32,247,399 | |
| AFL | Aflac Inc | −6,894 | 38,442 | $4,507,324 | |
| PNFP | Pinnacle Financial Partners, Inc. | −4,849 | 26,853 | $2,708,930 | |
| XOM | ExxonMobil Holdings Corp | −4,634 | 519,749 | $71,060,083 | |
| QCOM | Qualcomm Inc | −4,484 | 413,112 | $76,338,966 | |
| INTC | Intel Corp | −3,232 | 11,284 | $1,575,584 | |
| VZ | Verizon Communications Inc | −2,701 | 1,201,159 | $50,857,072 | |
| NVDA | Nvidia Corp | −2,646 | 174,029 | $34,821,462 | |
| JNJ | Johnson & Johnson | −2,523 | 356,484 | $90,536,241 | |
| AAPL | Apple Inc. | −2,421 | 372,791 | $107,870,803 | |
| NVS | Novartis AG | −2,204 | 7,262 | $1,138,100 | |
| DEO | Diageo PLC | −2,000 | 3,934 | $316,214 | |
| UL | Unilever PLC | −1,999 | 3,967 | $238,496 | |
| RTX | RTX Corp | −1,356 | 461,989 | $87,653,172 | |
| VGSH | VANGUARD SHORT-TERM TREASURY INDEX FUND | −1,060 | 65,275 | $3,799,005 | |
| KMI | Kinder Morgan, Inc. | −1,000 | 21,803 | $697,041 | |
| CAT | Caterpillar Inc | −945 | 38,163 | $40,639,778 | |
| DIS | Walt Disney Co | −718 | 8,957 | $862,111 | |
| — | −713 | 6,280 | $521,679 | ||
| GOOGL | Alphabet Inc. | −562 | 63,087 | $22,545,401 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
22 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HONA | Honeywell Aerospace Inc. | 3,786 | $837,008 | |
| MRVL | Marvell Technology, Inc. | 1,780 | $530,244 | |
| SPCX | Space Exploration Technologies Corp | 2,021 | $345,308 | |
| ASML | Asml Holding NV | 144 | $286,479 | |
| DAL | Delta Air Lines, Inc. | 2,952 | $276,484 | |
| FBIN | Fortune Brands Innovations, Inc. | 4,621 | $253,692 | |
| CSX | Csx Corp | 5,226 | $248,391 | |
| MGM | MGM Resorts International | 4,750 | $227,097 | |
| VVV | Valvoline Inc | 5,736 | $226,801 | |
| JAZZ | Jazz Pharmaceuticals plc | 903 | $217,595 | |
| — | 2,280 | $216,684 | ||
| HALO | Halozyme Therapeutics, Inc. | 2,700 | $211,329 | |
| FLEX | Flex Ltd. | 1,300 | $210,691 | |
| FSLR | First Solar, Inc. | 891 | $210,240 | |
| KLAC | Kla Corp | 690 | $208,179 | |
| TLN | Talen Energy Corp | 530 | $203,657 | |
| CVS | CVS HEALTH Corp | 1,956 | $202,348 | |
| TFIN | Triumph Financial, Inc. | 2,644 | $201,763 | |
| MCHP | Microchip Technology Inc | 2,209 | $201,460 | |
| SSB | SouthState Bank Corp | 2,007 | $200,499 | |
| PGEN | Precigen, Inc. | 25,000 | $142,500 | |
| DDD | 3D Systems Corp | 20,000 | $60,400 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
10 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| HON | Honeywell International Inc | 7,579 | $1,713,081 | |
| — | 14,619 | $361,392 | ||
| — | 1,365 | $280,917 | ||
| BSX | Boston Scientific Corp | 4,287 | $269,009 | |
| KGC | Kinross Gold Corp | 8,499 | $259,389 | |
| ISRG | Intuitive Surgical Inc | 519 | $239,253 | |
| CRM | Salesforce, Inc. | 1,251 | $233,524 | |
| FCX | Freeport-Mcmoran Inc | 3,651 | $214,605 | |
| MWA | Mueller Water Products, Inc. | 7,511 | $206,477 | |
| KSCP | Knightscope, Inc. | 20,000 | $83,400 | |
| No positions match the current search. | ||||
320 tracked positions ·
$2,928,449,876 total
· filing declares
326 positions · $2,928,451,811
· as of Jun 30, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 320 positions by value
· page 1 of 7
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AAPL |
Apple Inc.
Technology
|
Reduced | 372,791 | $107,870,803 | 3.68% | |
| CSCO |
Cisco Systems, Inc.
Technology
|
Reduced | 906,782 | $106,510,613 | 3.64% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 371,366 | $93,450,540 | 3.19% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Reduced | 276,835 | $90,616,400 | 3.09% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 356,484 | $90,536,241 | 3.09% | |
| RTX |
RTX Corp
Industrials
|
Reduced | 461,989 | $87,653,172 | 2.99% | |
| IBM |
International Business Machines Corp
Technology
|
Added | 301,425 | $84,763,724 | 2.89% | |
| SFBS |
ServisFirst Bancshares, Inc.
Financial Services
|
Reduced | 959,733 | $83,256,837 | 2.84% | |
| MSFT |
Microsoft Corp
Technology
|
Added | 219,788 | $81,985,319 | 2.80% | |
| QCOM |
Qualcomm Inc
Technology
|
Reduced | 413,112 | $76,338,966 | 2.61% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 255,512 | $76,160,461 | 2.60% | |
| SO |
Southern Co
Utilities
|
Added | 787,841 | $75,404,262 | 2.57% | |
| NEE |
Nextera Energy Inc
Utilities
|
Added | 858,202 | $75,324,389 | 2.57% | |
| CINF |
Cincinnati Financial Corp
Financial Services
|
Reduced | 396,011 | $73,317,476 | 2.50% | |
| CVX |
Chevron Corp
Energy
|
Added | 432,091 | $71,623,404 | 2.45% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 519,749 | $71,060,083 | 2.43% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Added | 200,409 | $70,680,246 | 2.41% | |
| EMR |
Emerson Electric Co
Industrials
|
Added | 466,315 | $66,752,992 | 2.28% | |
| TFC |
Truist Financial Corp
Financial Services
|
Added | 1,339,362 | $66,727,014 | 2.28% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Added | 130,241 | $66,352,579 | 2.27% | |
| MCD |
Mcdonalds Corp
Consumer Cyclical
|
Added | 224,805 | $60,767,039 | 2.08% | |
| AJG |
Arthur J. Gallagher & Co.
Financial Services
|
Added | 262,241 | $60,202,666 | 2.06% | |
| ED |
Consolidated Edison Inc
Utilities
|
Added | 533,029 | $58,968,998 | 2.01% | |
| CL |
Colgate Palmolive Co
Consumer Defensive
|
Added | 634,264 | $58,149,323 | 1.99% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Added | 379,476 | $55,646,360 | 1.90% | |
| PFE |
Pfizer Inc
Healthcare
|
Added | 2,194,625 | $52,846,570 | 1.80% | |
| AEP |
American Electric Power Co Inc
Utilities
|
Added | 384,533 | $52,607,959 | 1.80% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Reduced | 1,201,159 | $50,857,072 | 1.74% | |
| KMB |
Kimberly Clark Corp
Consumer Defensive
|
Added | 461,771 | $50,688,602 | 1.73% | |
| PAYX |
Paychex Inc
Technology
|
Added | 503,577 | $49,516,726 | 1.69% | |
| PEP |
Pepsico Inc
Consumer Defensive
|
Added | 346,274 | $46,885,499 | 1.60% | |
| CAT |
Caterpillar Inc
Industrials
|
Reduced | 38,163 | $40,639,778 | 1.39% | |
| NVDA |
Nvidia Corp
PUT
+ SHARES
Technology
|
Reduced | 175,029 | $35,021,552 | 1.20% | |
| AMD |
Advanced Micro Devices Inc
PUT
+ SHARES
Technology
|
Reduced | 58,015 | $33,701,493 | 1.15% | |
| MU |
Micron Technology Inc
Technology
|
Reduced | 27,937 | $32,247,399 | 1.10% | |
| PYLD |
|
Added | 913,614 | $24,229,043 | 0.83% | |
| GOOGL |
Alphabet Inc.
PUT
+ SHARES
Communication Services
|
Added | 64,087 | $22,902,771 | 0.78% | |
| KO |
Coca Cola Co
Consumer Defensive
|
Added | 279,984 | $22,754,299 | 0.78% | |
| AMAT |
Applied Materials Inc
PUT
+ SHARES
Technology
|
Added | 25,074 | $18,128,502 | 0.62% | |
| LLY |
ELI LILLY & Co
Healthcare
|
Added | 15,064 | $18,068,215 | 0.62% | |
| DE |
Deere & Co
Industrials
|
Added | 28,119 | $17,836,725 | 0.61% | |
| PANW |
Palo Alto Networks Inc
Technology
|
Added | 51,532 | $17,573,442 | 0.60% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Added | 69,670 | $16,605,147 | 0.57% | |
| GS |
Goldman Sachs Group Inc
Financial Services
|
Added | 16,363 | $16,549,047 | 0.57% | |
| V |
Visa Inc.
PUT
+ SHARES
Financial Services
|
Added | 46,021 | $15,789,344 | 0.54% | |
| IVV |
iShares Core S&P 500 ETF
|
Reduced | 18,233 | $13,654,511 | 0.47% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 35,018 | $13,228,049 | 0.45% | |
| TJX |
Tjx Companies Inc
Consumer Cyclical
|
Added | 80,148 | $12,142,422 | 0.41% | |
| ORCL |
Oracle Corp
Technology
|
Added | 79,270 | $11,617,018 | 0.40% | |
| CARR |
CARRIER GLOBAL Corp
Industrials
|
Added | 153,645 | $11,269,860 | 0.38% |
Showing the top 50 of 320 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.