Godshalk Welsh Capital Management, Inc.

CIK

1631775

Location

RADNOR, PA

Portfolio Value

Small $136,105,359

Diversification

Diversified

Filing Date

Global Rank

#5,270 / 8,517 ▲ 171

Top Industry

Software - Infrastructure 8.8%

3Y Alpha vs SPY

-6.4%

Period ended 46 days ago

Filed Aug 14, 2026 · 1d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 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

+48.7%

SPY

+75.3%

Annualised alpha

-6.4%

Max drawdown

−15.3%

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. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

7.6%

+1.0 pts

Top 5

27.0%

+0.5 pts

Top 10

40.8%

+0.8 pts

HHI

262

Diversified+10

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	27.9%	$37,933,480	15
Financial Services	15.6%	$21,218,346	13
Consumer Defensive	10.4%	$14,109,793	10
Healthcare	10.3%	$13,961,014	13
Consumer Cyclical	7.7%	$10,498,436	10
Communication Services	7.6%	$10,356,869	1
Industrials	7.3%	$9,941,310	16
Energy	4.5%	$6,066,185	5
Unclassified	2.9%	$3,986,679	4
Utilities	2.7%	$3,609,644	7
Basic Materials	2.6%	$3,578,238	5
Real Estate	0.6%	$845,365	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
WMT	Walmart Inc.	+210	13,835	$1,566,952
BDX	Becton Dickinson & Co	+130	6,845	$1,035,853
WAT	Waters Corp /De/	+116	1,781	$667,946
CAVA	Cava Group, Inc.	+100	5,625	$441,450
TJX	Tjx Companies Inc /De/	+100	12,565	$1,903,597
ABNB	Airbnb, Inc.	+100	2,355	$337,000
COF	Capital One Financial Corp	+100	1,440	$288,892
ZTS	Zoetis Inc.	+75	7,910	$568,412
AXP	American Express Co	+35	10,745	$3,634,496
COST	Costco Wholesale Corp /New	+25	5,674	$5,307,856
BIV	Vanguard Intermediate-Term Bond ETF	+6	3,593	$275,583
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HON	Honeywell International Inc	−1,530	1,530	$342,567
AMT	American Tower Corp /Ma/	−1,060	3,630	$593,759
INTU	Intuit Inc.	−715	6,670	$1,740,870
CSCO	Cisco Systems, Inc.	−675	36,395	$4,274,956
VIG	Vanguard Dividend Appreciation ETF	−400	6,234	$1,475,089
CSX	Csx Corp	−250	25,640	$1,218,669
BX	Blackstone Inc.	−225	9,780	$1,150,812
BRK-B	Berkshire Hathaway Inc	−220	8,813	$4,409,937
BAC	Bank Of America Corp /De/	−200	43,870	$2,499,712
MDLZ	Mondelez International, Inc.	−200	9,875	$571,170
SYY	Sysco Corp	−150	22,500	$1,880,550
MET	Metlife Inc	−150	5,250	$444,202
JPM	Jpmorgan Chase & Co	−125	9,370	$3,067,082
AAPL	Apple Inc.	−125	32,177	$9,310,736
GOOGL	Alphabet Inc.	−105	29,109	$10,356,869
WM	Waste Management Inc	−100	8,355	$1,862,162
ORCL	Oracle Corp	−100	29,360	$4,302,708
JNJ	Johnson & Johnson	−98	11,701	$2,971,702
MSFT	Microsoft Corp	−90	19,725	$7,357,819
GLW	Corning Inc /Ny	−75	13,350	$3,409,990
PEP	Pepsico Inc	−75	8,325	$1,127,205
MRK	Merck & Co., Inc.	−50	11,735	$1,507,947
VLO	Valero Energy Corp/Tx	−50	7,200	$1,875,168
RTX	RTX Corp	−50	8,021	$1,521,824
TGT	Target Corp	−50	2,950	$385,299
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
HONA	Honeywell Aerospace Inc.	1,528	$337,810
INTC	Intel Corp	2,275	$317,658
LLY	ELI LILLY & Co	210	$251,880
ELV	Elevance Health, Inc.	625	$241,706
CARR	CARRIER GLOBAL Corp	3,175	$232,886
FRAF	Franklin Financial Services Corp /Pa/	3,500	$219,100
GWW	W.W. Grainger, Inc.	160	$217,664
CAT	Caterpillar Inc	200	$212,980
EMR	Emerson Electric Co	1,400	$200,410
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
HSY	Hershey Co	1,100	$228,679
VZ	Verizon Communications Inc	4,433	$222,536
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

101 tracked positions · $136,105,359 total · filing declares 137 positions · $185,589,402 · 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 101 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Reduced	29,109	-105	$10,356,869	+23.4%	7.61%
AAPL	Apple Inc. Technology	Reduced	32,177	-125	$9,310,736	+13.6%	6.84%
MSFT	Microsoft Corp Technology	Reduced	19,725	-90	$7,357,819	+0.3%	5.41%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	5,674	+25	$5,307,856	−5.7%	3.90%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	8,813	-220	$4,409,937	+1.9%	3.24%
ORCL	Oracle Corp Technology	Reduced	29,360	-100	$4,302,708	−0.7%	3.16%
CSCO	Cisco Systems, Inc. Technology	Reduced	36,395	-675	$4,274,956	+48.6%	3.14%
AXP	American Express Co Financial Services	Added	10,745	+35	$3,634,496	+12.2%	2.67%
GLW	Corning Inc /Ny Technology	Reduced	13,350	-75	$3,409,990	+86.8%	2.51%
WRB	Berkley W R Corp Financial Services	Held	45,158	0	$3,184,993	+6.4%	2.34%
GMED	Globus Medical Inc Healthcare	Held	40,000	0	$3,160,400	−8.3%	2.32%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	9,370	-125	$3,067,082	+9.8%	2.25%
JNJ	Johnson & Johnson Healthcare	Reduced	11,701	-98	$2,971,702	+3.0%	2.18%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	43,870	-200	$2,499,712	+16.4%	1.84%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	14,345	0	$2,103,550	+1.5%	1.55%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	5,614	-5	$1,979,945	+7.1%	1.45%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	4,065	-25	$1,941,322	+40.5%	1.43%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Added	12,565	+100	$1,903,597	−4.4%	1.40%
SYY	Sysco Corp Consumer Defensive	Reduced	22,500	-150	$1,880,550	+16.4%	1.38%
VLO	Valero Energy Corp/Tx Energy	Reduced	7,200	-50	$1,875,168	+4.7%	1.38%
WM	Waste Management Inc Industrials	Reduced	8,355	-100	$1,862,162	−4.2%	1.37%
ADP	Automatic Data Processing Inc Technology	Held	7,975	0	$1,786,001	+10.2%	1.31%
INTU	Intuit Inc. Technology	Reduced	6,670	-715	$1,740,870	−45.5%	1.28%
CVX	Chevron Corp Energy	Held	10,475	0	$1,736,336	−19.9%	1.28%
LOW	Lowes Companies Inc Consumer Cyclical	Held	7,480	0	$1,649,265	−6.7%	1.21%
PAYX	Paychex Inc Technology	Held	16,655	0	$1,637,686	+6.7%	1.20%
WMT	Walmart Inc. Consumer Defensive	Added	13,835	+210	$1,566,952	−7.5%	1.15%
RTX	RTX Corp Industrials	Reduced	8,021	-50	$1,521,824	−2.3%	1.12%
MRK	Merck & Co., Inc. Healthcare	Reduced	11,735	-50	$1,507,947	+6.4%	1.11%
VIG	Vanguard Dividend Appreciation ETF	Reduced	6,234	-400	$1,475,089	+3.4%	1.08%
SPY	Spdr S&P 500 ETF Trust	Held	1,875	0	$1,400,193	+14.8%	1.03%
SBUX	Starbucks Corp Consumer Cyclical	Held	13,610	0	$1,390,805	+14.1%	1.02%
ECL	Ecolab Inc. Basic Materials	Held	4,860	0	$1,354,044	+4.7%	0.99%
ABBV	AbbVie Inc. Healthcare	Held	5,181	0	$1,303,746	+15.7%	0.96%
V	Visa Inc. Financial Services	Held	3,745	0	$1,284,872	+13.5%	0.94%
CSX	Csx Corp Industrials	Reduced	25,640	-250	$1,218,669	+14.7%	0.90%
PSX	Phillips 66 Energy	Held	7,100	0	$1,200,255	−7.2%	0.88%
BX	Blackstone Inc. Financial Services	Reduced	9,780	-225	$1,150,812	+0.0%	0.85%
PEP	Pepsico Inc Consumer Defensive	Reduced	8,325	-75	$1,127,205	−13.6%	0.83%
MCD	Mcdonalds Corp Consumer Cyclical	Held	4,110	0	$1,110,974	−13.0%	0.82%
IDA	Idacorp Inc Utilities	Held	7,336	0	$1,109,936	+5.8%	0.82%
BDX	Becton Dickinson & Co Healthcare	Added	6,845	+130	$1,035,853	−1.9%	0.76%
LHX	L3harris Technologies, Inc. /De/ Industrials	Held	3,435	0	$998,176	−15.8%	0.73%
YUM	Yum Brands Inc Consumer Cyclical	Held	5,935	0	$948,769	+2.8%	0.70%
RPM	Rpm International Inc/De/ Basic Materials	Held	8,355	0	$928,658	+11.8%	0.68%
UBER	Uber Technologies, Inc Technology	Held	12,800	0	$923,648	+0.3%	0.68%
COP	Conocophillips Energy	Held	8,680	0	$902,372	−21.2%	0.66%
QQQ	Invesco Qqq Trust, Series 1	Held	1,135	0	$835,814	+27.6%	0.61%
UNH	Unitedhealth Group Inc Healthcare	Held	1,945	0	$808,400	+53.6%	0.59%
NEE	Nextera Energy Inc Utilities	Reduced	9,110	-50	$799,584	−6.0%	0.59%

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.