Welch Group, LLC

CIK

1443095

Location

BIRMINGHAM, AL

Portfolio Value

Mid $2,839,030,777

Diversification

Diversified

Filing Date

Global Rank

#162 / 2,968 ▲ 879

Top Industry

Semiconductors 9.5%

3Y Alpha vs SPY

-4.8%

Period ended 29 days ago

Filed Jul 23, 2026 · 6d

26 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+56.4%

SPY

+67.9%

Annualised alpha

-2.8%

Max drawdown

−13.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

260 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

3.8%

+0.1 pts

Top 5

17.2%

−0.2 pts

Top 10

31.8%

−0.9 pts

HHI

219

Diversified−10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	26.6%	$754,569,181	35
Financial Services	16.8%	$476,837,601	44
Industrials	11.7%	$330,768,570	49
Healthcare	9.8%	$277,994,784	22
Utilities	9.5%	$268,584,996	16
Consumer Defensive	9.2%	$262,567,737	18
Consumer Cyclical	6.3%	$177,768,259	17
Energy	5.4%	$152,297,473	21
Communication Services	3.2%	$91,592,645	13
Basic Materials	0.8%	$23,353,890	13
Unclassified	0.6%	$17,873,871	6
Real Estate	0.2%	$4,821,770	6

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
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
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
BX	Blackstone Inc.	+6,871	87,644	$10,313,069
IBM	International Business Machines Corp	+6,623	301,425	$84,763,724
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/Tx	+6,200	22,570	$69,967
MSFT	Microsoft Corp	+5,665	219,788	$81,985,319
SJT	San Juan Basin Royalty Trust	+5,500	35,508	$113,980
ABBV	AbbVie Inc.	+5,433	371,366	$93,450,540
SYK	Stryker Corp	+5,366	32,214	$10,142,255
NEE	Nextera Energy Inc	+5,268	858,202	$75,324,389
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
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	−8,936	58,015	$33,701,493
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/De	−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
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
NVDA	Nvidia Corp	−1,646	175,029	$35,021,552
RTX	RTX Corp	−1,356	461,989	$87,653,172
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
QQQ	Invesco Qqq Trust, Series 1	−594	4,432	$3,263,724
GPN	Global Payments Inc	−528	5,307	$385,075
GL	Globe Life Inc.	−495	45,966	$8,213,204
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	3,786	$835,948
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
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

9 positions

Ticker	Company	Shares	Value
HON	Honeywell International Inc	7,579	$1,713,081
PRA	Proassurance Corp	14,619	$361,381
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.

Portfolio Positions

Compact Export CSV View 13F filing

260 tracked positions · $2,839,030,777 total · 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 260 positions by value · page 1 of 6

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	372,791	-2,421	$107,870,803	+13.3%	3.80%
CSCO	Cisco Systems, Inc. Technology	Reduced	906,782	-40,173	$106,510,613	+45.0%	3.75%
ABBV	AbbVie Inc. Healthcare	Added	371,366	+5,433	$93,450,540	+17.4%	3.29%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	276,835	-169	$90,616,400	+11.2%	3.19%
JNJ	Johnson & Johnson Healthcare	Reduced	356,484	-2,523	$90,536,241	+3.2%	3.19%
RTX	RTX Corp Industrials	Reduced	461,989	-1,356	$87,653,172	−1.9%	3.09%
IBM	International Business Machines Corp Technology	Added	301,425	+6,623	$84,763,724	+18.6%	2.99%
SFBS	ServisFirst Bancshares, Inc. Financial Services	Reduced	959,733	-16,198	$83,256,837	+17.1%	2.93%
MSFT	Microsoft Corp Technology	Added	219,788	+5,665	$81,985,319	+3.4%	2.89%
QCOM	Qualcomm Inc/De Technology	Reduced	413,112	-4,484	$76,338,966	+42.0%	2.69%
TXN	Texas Instruments Inc Technology	Reduced	255,512	-11,780	$76,160,461	+46.8%	2.68%
SO	Southern Co Utilities	Added	787,841	+5,050	$75,404,262	−0.2%	2.66%
NEE	Nextera Energy Inc Utilities	Added	858,202	+5,268	$75,324,389	−4.9%	2.65%
CINF	Cincinnati Financial Corp Financial Services	Reduced	396,011	-480	$73,317,476	+17.5%	2.58%
CVX	Chevron Corp Energy	Added	432,091	+1,779	$71,623,404	−19.6%	2.52%
XOM	ExxonMobil Holdings Corp Energy	Reduced	519,749	-4,634	$71,060,083	−20.1%	2.50%
HD	Home Depot, Inc. Consumer Cyclical	Added	200,409	+9,891	$70,680,246	+12.8%	2.49%
EMR	Emerson Electric Co Industrials	Added	466,315	+33	$66,752,992	+9.3%	2.35%
TFC	Truist Financial Corp Financial Services	Added	1,339,362	+10,199	$66,727,014	+9.2%	2.35%
LMT	Lockheed Martin Corp Industrials	Added	130,241	+3,585	$66,352,579	−13.3%	2.34%
MCD	Mcdonalds Corp Consumer Cyclical	Added	224,805	+9,731	$60,767,039	−9.1%	2.14%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	262,241	+9,229	$60,202,666	+9.9%	2.12%
ED	Consolidated Edison Inc Utilities	Added	533,029	+3,933	$58,968,998	−1.5%	2.08%
CL	Colgate Palmolive Co Consumer Defensive	Added	634,264	+7,436	$58,149,323	+8.8%	2.05%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	379,476	+9,122	$55,646,360	+4.0%	1.96%
PFE	Pfizer Inc Healthcare	Added	2,194,625	+46,534	$52,846,570	−12.4%	1.86%
AEP	American Electric Power Co Inc Utilities	Added	384,533	+8,081	$52,607,959	+6.6%	1.85%
VZ	Verizon Communications Inc Communication Services	Reduced	1,201,159	-2,701	$50,857,072	−15.8%	1.79%
KMB	Kimberly Clark Corp Consumer Defensive	Added	461,771	+14,717	$50,688,602	+17.5%	1.79%
PAYX	Paychex Inc Technology	Added	503,577	+19,129	$49,516,726	+11.0%	1.74%
PEP	Pepsico Inc Consumer Defensive	Added	346,274	+6,295	$46,885,499	−11.2%	1.65%
CAT	Caterpillar Inc Industrials	Reduced	38,163	-945	$40,639,778	+46.7%	1.43%
NVDA	Nvidia Corp PUT + SHARES Technology	Reduced	175,029	-1,646	$35,021,552	+13.7%	1.23%
AMD	Advanced Micro Devices Inc PUT + SHARES Technology	Reduced	58,015	-8,936	$33,701,493	+147.4%	1.19%
MU	Micron Technology Inc Technology	Reduced	27,937	-8,020	$32,247,399	+165.5%	1.14%
GOOGL	Alphabet Inc. PUT + SHARES Communication Services	Added	64,087	+438	$22,902,771	+25.1%	0.81%
KO	Coca Cola Co Consumer Defensive	Added	279,984	+6,299	$22,754,299	+9.3%	0.80%
AMAT	Applied Materials Inc /De PUT + SHARES Technology	Added	25,074	+3,193	$18,128,502	+142.4%	0.64%
LLY	ELI LILLY & Co Healthcare	Added	15,064	+7,415	$18,068,215	+156.8%	0.64%
DE	Deere & Co Industrials	Added	28,119	+1,058	$17,836,725	+17.0%	0.63%
PANW	Palo Alto Networks Inc Technology	Added	51,532	+1,691	$17,573,442	+119.9%	0.62%
AMZN	Amazon Com Inc Consumer Cyclical	Added	69,670	+2,206	$16,605,147	+18.2%	0.58%
GS	Goldman Sachs Group Inc Financial Services	Added	16,363	+357	$16,549,047	+22.2%	0.58%
V	Visa Inc. PUT + SHARES Financial Services	Added	46,021	+3,023	$15,789,344	+21.5%	0.56%
AVGO	Broadcom Inc. Technology	Added	35,018	+1,384	$13,228,049	+27.1%	0.47%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	80,148	+4,891	$12,142,422	+1.0%	0.43%
ORCL	Oracle Corp Technology	Added	79,270	+4,653	$11,617,018	+5.8%	0.41%
CARR	CARRIER GLOBAL Corp Industrials	Added	153,645	+10,466	$11,269,860	+39.8%	0.40%
META	Meta Platforms, Inc. Communication Services	Added	19,595	+2,188	$11,037,667	+10.8%	0.39%
TGT	Target Corp Consumer Defensive	Added	83,809	+4,169	$10,946,293	+13.4%	0.39%

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.