Welch Group, LLC

CIK

1443095

Location

BIRMINGHAM, AL

Portfolio Value

Mid $2,585,674,212

Diversification

Diversified

Filing Date

Global Rank

#1,040 / 8,604 ▲ 25 · as of Mar 2026

Top Industry

Utilities - Regulated Electric 10.5%

3Y Alpha vs SPY

-3.5%

Period ended 3 months ago

Filed Apr 21, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+61.8%

SPY

+76.5%

Annualised alpha

-3.5%

Max drawdown

−13.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

248 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.7%

−0.4 pts

Top 5

17.4%

−1.4 pts

Top 10

32.7%

−1.2 pts

HHI

228

Diversified−5

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	22.0%	$569,119,722	29
Financial Services	16.2%	$419,954,244	43
Industrials	12.2%	$315,439,674	47
Utilities	10.4%	$269,981,729	15
Healthcare	10.2%	$263,759,670	20
Consumer Defensive	9.7%	$250,960,809	18
Energy	7.3%	$188,741,963	21
Consumer Cyclical	6.6%	$169,730,812	15
Communication Services	3.7%	$96,208,623	13
Basic Materials	0.8%	$21,094,952	15
Unclassified	0.6%	$16,647,413	6
Real Estate	0.2%	$4,034,601	6

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	+165,513	2,148,091	$60,318,395
KMB	Kimberly Clark Corp	+122,577	447,054	$43,127,299
PAYX	Paychex Inc	+77,646	484,448	$44,627,349
AEP	American Electric Power Co Inc	+51,267	376,452	$49,345,328
QCOM	Qualcomm Inc/De	+31,192	417,596	$53,778,012
GLDM	World Gold Trust	+28,481	49,521	$4,590,101
AJG	Arthur J. Gallagher & Co.	+23,787	253,012	$54,797,338
PG	PROCTER & GAMBLE Co	+22,509	370,354	$53,493,931
VZ	Verizon Communications Inc	+21,632	1,203,860	$60,433,772
AMAT	Applied Materials Inc /De	+19,963	21,881	$7,478,706
TGT	Target Corp	+18,110	79,640	$9,652,368
CARR	CARRIER GLOBAL Corp	+17,173	143,179	$8,062,409
BX	Blackstone Inc.	+13,824	80,773	$9,288,087
CL	Colgate Palmolive Co	+13,652	626,828	$53,424,550
TSLA	Tesla, Inc.	+13,509	16,721	$6,216,031
PEP	Pepsico Inc	+13,215	339,979	$52,795,338
NSC	Norfolk Southern Corp	+11,380	14,503	$4,162,361
PANW	Palo Alto Networks Inc	+8,692	49,841	$7,990,509
SJT	San Juan Basin Royalty Trust	+8,000	30,008	$144,338
ABT	Abbott Laboratories	+7,706	88,991	$9,136,705
MSFT	Microsoft Corp	+7,442	214,123	$79,261,910
HD	Home Depot, Inc.	+7,080	190,518	$62,659,465
KMI	Kinder Morgan, Inc.	+7,028	22,803	$764,584
ORCL	Oracle Corp	+6,331	74,617	$10,976,906
PLTR	Palantir Technologies Inc.	+5,651	11,002	$1,609,372
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
RTX	RTX Corp	−37,497	463,345	$89,379,250
SFBS	ServisFirst Bancshares, Inc.	−27,572	975,931	$71,077,054
XOM	Exxon Mobil Corp	−23,963	524,383	$88,966,819
JNJ	Johnson & Johnson	−21,073	359,007	$87,755,671
CSCO	Cisco Systems, Inc.	−19,004	946,955	$73,474,238
NEE	Nextera Energy Inc	−16,487	852,934	$79,220,509
EMR	Emerson Electric Co	−13,289	466,282	$61,092,267
AFL	Aflac Inc	−8,299	45,336	$4,973,812
SPY	Spdr S&P 500 ETF Trust	−7,968	5,297	$3,444,850
LMT	Lockheed Martin Corp	−6,028	126,656	$76,549,619
PRA	Proassurance Corp	−5,707	14,619	$361,381
SLV	iShares Silver Trust	−5,439	21,791	$1,484,838
UCB	United Community Banks Inc	−5,036	26,047	$820,220
JPM	Jpmorgan Chase & Co	−4,035	277,004	$81,483,496
CINF	Cincinnati Financial Corp	−2,588	396,491	$62,387,858
T	At&T Inc.	−1,797	86,777	$2,515,665
ABBV	AbbVie Inc.	−1,664	365,933	$79,586,768
NVDA	Nvidia Corp	−1,522	176,675	$30,812,120
CAT	Caterpillar Inc	−1,519	39,108	$27,706,453
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	−1,302	67,195	$1,455,443
GOOGL	Alphabet Inc.	−1,145	63,649	$18,302,906
STT	State Street Corp	−1,048	7,635	$966,285
WMT	Walmart Inc.	−1,014	49,889	$6,200,204
UL	Unilever PLC	−872	5,966	$339,883
CMCSA	Comcast Corp	−704	11,062	$317,590
No positions match the current search.

New Positions

Positions the filer opened this quarter

19 positions

Ticker	Company	Shares	Value
PNFP	Pinnacle Financial Partners, Inc.	31,702	$2,730,810
GLW	Corning Inc /Ny	5,051	$686,784
TER	Teradyne, Inc	1,033	$306,243
KRYS	Krystal Biotech, Inc.	1,000	$258,320
CTVA	Corteva, Inc.	2,970	$248,618
ADBE	Adobe Inc.	1,003	$243,809
TSM	Taiwan Semiconductor Manufacturing Co Ltd	705	$238,254
SPHR	Sphere Entertainment Co.	1,933	$226,934
ADM	Archer-Daniels-Midland Co	3,076	$223,594
CASY	Caseys General Stores Inc	300	$218,358
FCX	Freeport-Mcmoran Inc	3,651	$214,605
EVRG	Evergy, Inc.	2,601	$213,073
HBAN	Huntington Bancshares Inc /Md/	13,292	$208,019
MWA	Mueller Water Products, Inc.	7,511	$206,477
IR	Ingersoll Rand Inc.	2,517	$201,662
CRT	Cross Timbers Royalty Trust	14,852	$157,134
AGNC	AGNC Investment Corp.	10,064	$100,941
MARPS	Marine Petroleum Trust	15,956	$84,726
KSCP	Knightscope, Inc.	20,000	$83,400
No positions match the current search.

Sold Out

Positions the filer fully exited

13 positions

Ticker	Company	Shares	Value
ACN	Accenture plc	27,045	$7,256,173
GIS	General Mills Inc	45,437	$2,112,820
NLY	Annaly Capital Management Inc	14,671	$328,043
TGNA	TEGNA INC	15,000	$291,150
MCHP	Microchip Technology Inc	3,917	$249,591
LVS	Las Vegas Sands Corp	3,704	$241,093
FSLR	First Solar, Inc.	890	$232,494
FBIN	Fortune Brands Innovations, Inc.	4,621	$231,142
DAL	Delta Air Lines, Inc.	3,282	$227,770
COIN	Coinbase Global, Inc.	1,000	$226,140
BABA	Alibaba Group Holding Ltd	1,461	$214,153
IBIT	iShares Bitcoin Trust ETF	4,224	$209,721
OPEN	Opendoor Technologies Inc.	10,000	$58,300
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

248 positions · $2,585,674,212 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 248 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	375,212	-649	$95,225,053	−6.8%	3.68%
RTX	RTX Corp Industrials	Reduced	463,345	-37,497	$89,379,250	−2.7%	3.46%
CVX	Chevron Corp Energy	Added	430,312	+327	$89,031,552	+35.9%	3.44%
XOM	Exxon Mobil Corp Energy	Reduced	524,383	-23,963	$88,966,819	+34.8%	3.44%
JNJ	Johnson & Johnson Healthcare	Reduced	359,007	-21,073	$87,755,671	+11.6%	3.39%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	277,004	-4,035	$81,483,496	−10.0%	3.15%
ABBV	AbbVie Inc. Healthcare	Reduced	365,933	-1,664	$79,586,768	−5.2%	3.08%
MSFT	Microsoft Corp Technology	Added	214,123	+7,442	$79,261,910	−20.7%	3.07%
NEE	Nextera Energy Inc Utilities	Reduced	852,934	-16,487	$79,220,509	+13.5%	3.06%
LMT	Lockheed Martin Corp Industrials	Reduced	126,656	-6,028	$76,549,619	+19.3%	2.96%
SO	Southern Co Utilities	Added	782,791	+3,531	$75,554,987	+11.2%	2.92%
CSCO	Cisco Systems, Inc. Technology	Reduced	946,955	-19,004	$73,474,238	−1.3%	2.84%
IBM	International Business Machines Corp Technology	Added	294,802	+2,909	$71,457,056	−17.4%	2.76%
SFBS	ServisFirst Bancshares, Inc. Financial Services	Reduced	975,931	-27,572	$71,077,054	−1.3%	2.75%
MCD	Mcdonalds Corp Consumer Cyclical	Added	215,074	+2,845	$66,842,848	+3.1%	2.59%
HD	Home Depot, Inc. Consumer Cyclical	Added	190,518	+7,080	$62,659,465	−0.7%	2.42%
CINF	Cincinnati Financial Corp Financial Services	Reduced	396,491	-2,588	$62,387,858	−4.3%	2.41%
TFC	Truist Financial Corp Financial Services	Added	1,329,163	+5,100	$61,101,623	−6.2%	2.36%
EMR	Emerson Electric Co Industrials	Reduced	466,282	-13,289	$61,092,267	−4.0%	2.36%
VZ	Verizon Communications Inc Communication Services	Added	1,203,860	+21,632	$60,433,772	+25.5%	2.34%
PFE	Pfizer Inc Healthcare	Added	2,148,091	+165,513	$60,318,395	+22.2%	2.33%
ED	Consolidated Edison Inc Utilities	Added	529,096	+927	$59,883,085	+14.2%	2.32%
AJG	Arthur J. Gallagher & Co. Financial Services	Added	253,012	+23,787	$54,797,338	−7.6%	2.12%
QCOM	Qualcomm Inc/De Technology	Added	417,596	+31,192	$53,778,012	−18.6%	2.08%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	370,354	+22,509	$53,493,931	+7.3%	2.07%
CL	Colgate Palmolive Co Consumer Defensive	Added	626,828	+13,652	$53,424,550	+10.3%	2.07%
PEP	Pepsico Inc Consumer Defensive	Added	339,979	+13,215	$52,795,338	+12.6%	2.04%
TXN	Texas Instruments Inc Technology	Added	267,292	+4,163	$51,892,068	+13.7%	2.01%
AEP	American Electric Power Co Inc Utilities	Added	376,452	+51,267	$49,345,328	+31.6%	1.91%
PAYX	Paychex Inc Technology	Added	484,448	+77,646	$44,627,349	−2.2%	1.73%
KMB	Kimberly Clark Corp Consumer Defensive	Added	447,054	+122,577	$43,127,299	+31.7%	1.67%
NVDA	Nvidia Corp Technology	Reduced	176,675	-1,522	$30,812,120	−7.3%	1.19%
CAT	Caterpillar Inc Industrials	Reduced	39,108	-1,519	$27,706,453	+19.0%	1.07%
KO	Coca Cola Co Consumer Defensive	Reduced	273,685	-55	$20,813,744	+8.8%	0.80%
GOOGL	Alphabet Inc. Communication Services	Reduced	63,649	-1,145	$18,302,906	−9.8%	0.71%
DE	Deere & Co Industrials	Added	27,061	+48	$15,243,461	+21.2%	0.59%
AMZN	Amazon Com Inc Consumer Cyclical	Added	67,464	+2,068	$14,050,727	−6.9%	0.54%
AMD	Advanced Micro Devices Inc Technology	Reduced	66,951	-671	$13,619,841	−6.0%	0.53%
GS	Goldman Sachs Group Inc Financial Services	Reduced	16,006	-331	$13,540,915	−5.7%	0.52%
V	Visa Inc. Financial Services	Added	42,998	+1,844	$12,995,715	−10.0%	0.50%
MU	Micron Technology Inc Technology	Added	35,957	+45	$12,147,712	+18.5%	0.47%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	75,257	+159	$12,018,542	+4.2%	0.46%
ORCL	Oracle Corp Technology	Added	74,617	+6,331	$10,976,906	−17.5%	0.42%
AVGO	Broadcom Inc. Technology	Added	33,634	+67	$10,410,059	−10.4%	0.40%
META	Meta Platforms, Inc. Communication Services	Added	17,407	+882	$9,959,066	−8.7%	0.39%
TGT	Target Corp Consumer Defensive	Added	79,640	+18,110	$9,652,368	+60.5%	0.37%
BX	Blackstone Inc. Financial Services	Added	80,773	+13,824	$9,288,087	−10.0%	0.36%
MA	Mastercard Inc Financial Services	Added	18,305	+1,371	$9,146,276	−5.4%	0.35%
ABT	Abbott Laboratories Healthcare	Added	88,991	+7,706	$9,136,705	−10.3%	0.35%
SYK	Stryker Corp Healthcare	Added	26,848	+1,551	$8,821,984	−0.8%	0.34%