Welch Group, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 23, 2026), Welch Group, LLC reported 320 stock positions worth $2.9 billion. Its top holding was Apple (AAPL) at 3.7% of the portfolio, followed by Cisco Systems (CSCO, 3.6%) and Abbvie (ABBV, 3.2%). Compared with Q1 2026, it opened 21 new positions, sold out of 10, added to 123 and reduced 63. The biggest buy was Eli Lilly (LLY, shares +97%) and the biggest sale Exxon Mobil (XOM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.9B (Q2 2026)
- SEC Filing
- 0001443095-26-000006 ↗ filed Jul 23, 2026
Holdings Value
Holdings 320 stocks · $2.9B
| AAPL Apple Inc. | 3.69% | 372,791 | $107.9M | Reduce -0.7% |
| CSCO Cisco Systems Inc. | 3.64% | 906,782 | $106.5M | Reduce -4.2% |
| ABBV Abbvie Inc. | 3.20% | 371,366 | $93.5M | Add +1.5% |
| JPM JPMorgan Chase & Co. | 3.10% | 276,835 | $90.6M | Reduce -0.1% |
| JNJ Johnson & Johnson | 3.10% | 356,484 | $90.5M | Reduce -0.7% |
| RTX RTX Corp. | 3.00% | 461,989 | $87.7M | Reduce -0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.90% | 301,425 | $84.8M | Add +2.3% |
| SFBS Servisfirst Bancshares Inc. | 2.85% | 959,733 | $83.3M | Reduce -1.7% |
| MSFT Microsoft Corp. | 2.80% | 219,788 | $82.0M | Add +2.6% |
| QCOM Qualcomm Inc. | 2.61% | 413,112 | $76.3M | Reduce -1.1% |
| TXN Texas Instruments Inc. | 2.60% | 255,512 | $76.2M | Reduce -4.4% |
| SO The Southern Co. | 2.58% | 787,841 | $75.4M | Add +0.7% |
| NEE Nextera Energy Inc. | 2.58% | 858,202 | $75.3M | Add +0.6% |
| CINF Cincinnati Financial Corp. | 2.51% | 396,011 | $73.3M | Reduce -0.1% |
| CVX Chevron Corp. | 2.45% | 432,091 | $71.6M | Add +0.4% |
| XOM Exxon Mobil Corp. | 2.43% | 519,749 | $71.1M | Reduce -0.9% |
| HD Home Depot Inc. | 2.42% | 200,409 | $70.7M | Add +5.2% |
| EMR Emerson Electric Co. | 2.28% | 466,315 | $66.8M | Add +0.0% |
| TFC Truist Financial Corp. | 2.28% | 1,339,362 | $66.7M | Add +0.8% |
| LMT Lockheed Martin Corp. | 2.27% | 130,241 | $66.4M | Add +2.8% |
| MCD McDonald's Corp. | 2.08% | 224,805 | $60.8M | Add +4.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.06% | 262,241 | $60.2M | Add +3.6% |
| ED Consolidated Edison Inc. | 2.02% | 533,029 | $59.0M | Add +0.7% |
| CL Colgate-Palmolive Co. | 1.99% | 634,264 | $58.1M | Add +1.2% |
| PG The Procter & Gamble Co. | 1.90% | 379,476 | $55.6M | Add +2.5% |
| PFE Pfizer Inc. | 1.81% | 2,194,625 | $52.8M | Add +2.2% |
| AEP American Electric Power | 1.80% | 384,533 | $52.6M | Add +2.1% |
| VZ Verizon Communications Inc. | 1.74% | 1,201,159 | $50.9M | Reduce -0.2% |
| KMB Kimberly-Clark Corp. | 1.73% | 461,771 | $50.7M | Add +3.3% |
| PAYX Paychex Inc. | 1.69% | 503,577 | $49.5M | Add +4.0% |
| PEP Pepsico Inc. | 1.60% | 346,274 | $46.9M | Add +1.9% |
| CAT Caterpillar Inc. | 1.39% | 38,163 | $40.6M | Reduce -2.4% |
| NVDA Nvidia Corp. | 1.19% | 174,029 | $34.8M | Reduce -1.5% |
| AMD Advanced Micro Devices | 1.13% | 57,015 | $33.1M | Reduce -14.8% |
| MU Micron Technology Inc. | 1.10% | 27,937 | $32.2M | Reduce -22.3% |
| PYLD PIMCO Multisector Bond Actv | 0.83% | 913,614 | $24.2M | Add +20.4% |
| KO The Coca-Cola Co. | 0.78% | 279,984 | $22.8M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 0.77% | 63,087 | $22.5M | Reduce -0.9% |
| LLY Eli Lilly & Co. | 0.62% | 15,064 | $18.1M | Add +96.9% |
| DE Deere & Co. | 0.61% | 28,119 | $17.8M | Add +3.9% |
| PANW Palo Alto Networks Inc. | 0.60% | 51,532 | $17.6M | Add +3.4% |
| AMAT Applied Materials Inc. | 0.60% | 24,074 | $17.4M | Add +10.0% |
| AMZN Amazon.com Inc. | 0.57% | 69,670 | $16.6M | Add +3.3% |
| GS Goldman Sachs Group Inc. | 0.57% | 16,363 | $16.5M | Add +2.2% |
| V Visa Inc. Class A | 0.52% | 44,021 | $15.1M | Add +7.4% |
| IVV iShares Core S&P 500 ETF | 0.47% | 18,233 | $13.7M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.45% | 35,018 | $13.2M | Add +4.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.42% | 80,148 | $12.1M | Add +6.5% |
| ORCL Oracle Corp. | 0.40% | 79,270 | $11.6M | Add +6.2% |
| CARR Carrier Global Corp. | 0.39% | 153,645 | $11.3M | Add +7.3% |
| META Meta Platforms Inc. Class A | 0.38% | 19,595 | $11.0M | Add +12.6% |
| TGT Target Corp. | 0.37% | 83,809 | $10.9M | Add +5.2% |
| MA Mastercard Inc. Class A | 0.37% | 20,831 | $10.7M | Add +13.8% |
| SHW The Sherwin-Williams Co. | 0.36% | 30,991 | $10.7M | Add +15.2% |
| BX Blackstone Inc. | 0.35% | 87,644 | $10.3M | Add +8.5% |
| SYK Stryker Corp. | 0.35% | 32,214 | $10.1M | Add +20.0% |
| GL Globe Life Inc. | 0.28% | 45,966 | $8.2M | Reduce -1.1% |
| VMC Vulcan Materials Co. | 0.28% | 27,465 | $8.1M | Reduce -0.1% |
| TSLA Tesla Inc. | 0.24% | 16,486 | $6.9M | Reduce -1.4% |
| AXP American Express Co. | 0.22% | 18,908 | $6.4M | No change |
| VOO Vanguard S&P 500 ETF | 0.20% | 8,492 | $5.8M | Reduce -3.2% |
| WMT Walmart Inc. | 0.20% | 50,675 | $5.7M | Add +1.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 7,346 | $5.5M | Add +38.7% |
| MRK Merck & Co. Inc. | 0.16% | 37,231 | $4.8M | Add +1.2% |
| GOOG Alphabet Inc. Class C | 0.16% | 13,515 | $4.8M | Add +3.1% |
| NSC Norfolk Southern Corp. | 0.16% | 14,552 | $4.6M | Add +0.3% |
| RF Regions Financial Corp. | 0.16% | 150,270 | $4.5M | Add +0.0% |
| GLDM SPDR Gold Minishares Trust | 0.15% | 56,867 | $4.5M | Add +14.8% |
| AFL Aflac Inc. | 0.15% | 38,442 | $4.5M | Reduce -15.2% |
| PM Philip Morris International | 0.13% | 21,747 | $3.9M | Add +1.3% |
| VGSH Vanguard Short-Term Treasury | 0.13% | 65,275 | $3.8M | Reduce -1.6% |
| MOD Modine Manufacturing Co. | 0.12% | 13,000 | $3.5M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.11% | 4,432 | $3.3M | Add +0.1% |
| GLD SPDR Gold Shares | 0.11% | 8,625 | $3.2M | Reduce -4.9% |
| MO Altria Group Inc. | 0.10% | 42,273 | $3.0M | Add +0.1% |
| PNFP Pinnacle Financial Partners | 0.09% | 26,853 | $2.7M | Reduce -15.3% |
| MLI Mueller Industries Inc. | 0.09% | 22,000 | $2.7M | No change |
| CR Crane Co. | 0.08% | 11,000 | $2.5M | No change |
| BNY Bank of New York Mellon Corp. | 0.08% | 16,936 | $2.4M | No change |
| WELL Welltower Inc. | 0.08% | 10,731 | $2.4M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.08% | 28,930 | $2.4M | Reduce -1.8% |
| WTS Watts Water Technologies-A | 0.07% | 5,400 | $2.1M | No change |
| WFC Wells Fargo & Co. | 0.07% | 24,719 | $2.0M | Add +3.0% |
| COST Costco Wholesale Corp. | 0.07% | 2,114 | $2.0M | Add +4.2% |
| WM Waste Management Inc. | 0.06% | 8,233 | $1.8M | Add +0.2% |
| BAC Bank of America Corp. | 0.06% | 31,739 | $1.8M | Add +4.0% |
| T AT&T Inc. | 0.06% | 86,504 | $1.8M | Reduce -0.3% |
| SMH Vaneck Semiconductor ETF | 0.06% | 2,722 | $1.8M | Add +0.1% |
| RSG Republic Services Inc. | 0.06% | 8,141 | $1.7M | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.06% | 4,621 | $1.7M | Add +0.6% |
| AON Aon PLC Class A | 0.06% | 5,148 | $1.7M | No change |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.06% | 67,195 | $1.7M | No change |
| DUK Duke Energy Corp. | 0.06% | 13,082 | $1.7M | Add +2.1% |
| GPC Genuine Parts Co. | 0.05% | 13,557 | $1.6M | Add +0.0% |
| INTC Intel Corp. | 0.05% | 11,284 | $1.6M | Reduce -22.3% |
| GGG Graco Inc. | 0.05% | 20,653 | $1.6M | No change |
| NPO Enpro Inc. | 0.05% | 4,000 | $1.5M | No change |
| IEI iShares 3-7 Year Treasury Bo | 0.05% | 12,500 | $1.5M | Add +0.9% |
| VONE Vanguard Russell 1000 | 0.05% | 4,222 | $1.4M | No change |
| TXT Textron Inc. | 0.05% | 15,400 | $1.4M | No change |
Options reported separately and not counted above: TSLA puts ($1.3M), AMAT puts ($723K), V puts ($686K), AMD puts ($581K), GOOGL puts ($357K), NVDA puts ($200K).
Portfolio Sells Q1 2026 → Q2 2026
| XOM Exxon Mobil Corp. | Reduce -0.9% | 2.43% | −0.91 |
| VZ Verizon Communications Inc. | Reduce -0.2% | 1.74% | −0.53 |
| RTX RTX Corp. | Reduce -0.3% | 3.00% | −0.36 |
| ABT Abbott Laboratories | Reduce -82.6% | 0.05% | −0.30 |
| JNJ Johnson & Johnson | Reduce -0.7% | 3.10% | −0.20 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.06 |
| GLD SPDR Gold Shares | Reduce -4.9% | 0.11% | −0.04 |
| T AT&T Inc. | Reduce -0.3% | 0.06% | −0.03 |
| AFL Aflac Inc. | Reduce -15.2% | 0.15% | −0.03 |
| SLV iShares Silver Trust | Reduce -1.1% | 0.04% | −0.02 |
| VGSH Vanguard Short-Term Treasury | Reduce -1.6% | 0.13% | −0.02 |
| NVS Novartis AG-Sponsored ADR | Reduce -23.3% | 0.04% | −0.02 |
| PRA Proassurance Corp. | Sold out | 0.00% | −0.01 |
| NEM Newmont Corp. | Reduce -0.1% | 0.04% | −0.01 |
| VXF Vanguard Extended Market ETF | Sold out | 0.00% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.8% | 0.08% | −0.01 |
| BSX Boston Scientific Corp. | Sold out | 0.00% | −0.01 |
| PNFP Pinnacle Financial Partners | Reduce -15.3% | 0.09% | −0.01 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.01 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.01 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.01 |
| MWA Mueller Water Products Inc. Class A | Sold out | 0.00% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Reduce -33.7% | 0.01% | −0.01 |
| DIS The Walt Disney Co. | Reduce -7.4% | 0.03% | −0.01 |
| KMI Kinder Morgan Inc. | Reduce -4.4% | 0.02% | −0.00 |
| PSX Phillips 66 | Reduce -6.6% | 0.02% | −0.00 |
| UL Unilever PLC-Sponsored ADR | Reduce -33.5% | 0.01% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.4% | 0.01% | −0.00 |
| VMC Vulcan Materials Co. | Reduce -0.1% | 0.28% | −0.00 |
| XLP SS Consumer Staples Sel Sect | Reduce -10.2% | 0.02% | −0.00 |
| SHEL Shell PLC-ADR | Reduce -1.1% | 0.01% | −0.00 |
| KSCP Knightscope Inc. Class A | Sold out | 0.00% | −0.00 |
| MLM Martin Marietta Materials | Reduce -1.6% | 0.02% | −0.00 |
| CLX Clorox Company | Reduce -9.1% | 0.01% | −0.00 |
| SLB SLB Ltd. | Reduce -1.3% | 0.01% | −0.00 |
| MPC Marathon Petroleum Corp. | Reduce -4.4% | 0.02% | −0.00 |
| ADP Automatic Data Processing | Reduce -12.0% | 0.01% | −0.00 |
| GPN Global Payments Inc. | Reduce -9.1% | 0.01% | −0.00 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -7.0% | 0.01% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -4.3% | 0.03% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -6.2% | 0.01% | −0.00 |
| USB US Bancorp | Reduce -8.2% | 0.01% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -9.7% | 0.01% | −0.00 |
| VFH Vanguard Financials ETF | Reduce -2.0% | 0.01% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.5% | 0.02% | 0.00 |
| IWF iShares Russell 1000 Growth | Reduce -3.7% | 0.01% | +0.00 |
| PRF Invesco Rafi US 1000 ETF | Reduce -0.8% | 0.02% | +0.00 |
| BBUS JPMorgan Betabuilders US Equ | Reduce -0.5% | 0.01% | +0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.2% | 0.03% | +0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| LLY Eli Lilly & Co. | Add +96.9% | 0.62% | +0.35 |
| AMAT Applied Materials Inc. | Add +10.0% | 0.60% | +0.31 |
| PANW Palo Alto Networks Inc. | Add +3.4% | 0.60% | +0.30 |
| IBM Intl Business Machines Corp. | Add +2.3% | 2.90% | +0.21 |
| ABBV Abbvie Inc. | Add +1.5% | 3.20% | +0.20 |
| KMB Kimberly-Clark Corp. | Add +3.3% | 1.73% | +0.11 |
| CARR Carrier Global Corp. | Add +7.3% | 0.39% | +0.08 |
| PYLD PIMCO Multisector Bond Actv | Add +20.4% | 0.83% | +0.08 |
| HD Home Depot Inc. | Add +5.2% | 2.42% | +0.06 |
| AVGO Broadcom Inc. | Add +4.1% | 0.45% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +38.7% | 0.19% | +0.06 |
| GS Goldman Sachs Group Inc. | Add +2.2% | 0.57% | +0.06 |
| V Visa Inc. Class A | Add +7.4% | 0.52% | +0.05 |
| SHW The Sherwin-Williams Co. | Add +15.2% | 0.36% | +0.04 |
| AMZN Amazon.com Inc. | Add +3.3% | 0.57% | +0.04 |
| DE Deere & Co. | Add +3.9% | 0.61% | +0.04 |
| MA Mastercard Inc. Class A | Add +13.8% | 0.37% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +3.1% | 0.16% | +0.02 |
| SMH Vaneck Semiconductor ETF | Add +0.1% | 0.06% | +0.02 |
| LRCX Lam Research Corp. | Add +18.9% | 0.04% | +0.02 |
| MRVL Marvell Technology Inc. | New | 0.02% | +0.02 |
| PAYX Paychex Inc. | Add +4.0% | 1.69% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 0.11% | +0.02 |
| SYK Stryker Corp. | Add +20.0% | 0.35% | +0.02 |
| XLK SS Technology Select Sector | Add +6.2% | 0.05% | +0.01 |
| SPCX Space Exploration Techn Class A | New | 0.01% | +0.01 |
| TGT Target Corp. | Add +5.2% | 0.37% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.01% | +0.01 |
| DAL Delta Air Lines Inc. | New | 0.01% | +0.01 |
| FBIN Fortune Brands Innovations I | New | 0.01% | +0.01 |
| CSX CSX Corp. | New | 0.01% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +32.7% | 0.03% | +0.01 |
| MGM MGM Resorts International | New | 0.01% | +0.01 |
| VVV Valvoline Inc. | New | 0.01% | +0.01 |
| RF Regions Financial Corp. | Add +0.0% | 0.16% | +0.01 |
| ETN Eaton Corp. PLC | Add +10.5% | 0.05% | +0.01 |
| UFOX Defiance Space and Connectiv | New | 0.01% | +0.01 |
| JAZZ Jazz Pharmaceuticals PLC | New | 0.01% | +0.01 |
| FSLR First Solar Inc. | New | 0.01% | +0.01 |
| HALO Halozyme Therapeutics Inc. | New | 0.01% | +0.01 |
| FLEX Flex Ltd. | New | 0.01% | +0.01 |
| KLAC KLA Corp. | New | 0.01% | +0.01 |
| TLN Talen Energy Corp. | New | 0.01% | +0.01 |
| CVS CVS Health Corp. | New | 0.01% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +0.2% | 0.02% | +0.01 |
| MCHP Microchip Technology Inc. | New | 0.01% | +0.01 |
| SSB Southstate Bank Corp. | New | 0.01% | +0.01 |
| TFIN Triumph Financial Inc. | New | 0.01% | +0.01 |
| RY Royal Bank of Canada | Add +0.6% | 0.05% | +0.01 |
| VGT Vanguard Info Tech ETF | Add +0.1% | 0.03% | +0.01 |
Options Activity Q1 2026 → Q2 2026
| TSLA Tesla Inc. | put | New | 3,000 | $1.3M |
| AMAT Applied Materials Inc. | put | New | 1,000 | $723K |
| AMD Advanced Micro Devices | put | New | 1,000 | $581K |
| GOOGL Alphabet Inc. Class A | put | New | 1,000 | $357K |
| QQQ Invesco QQQ Trust Series 1 | put | Sold out | 600 | $346Kbefore exit |
| NVDA Nvidia Corp. | put | New | 1,000 | $200K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 320 | $2.9B | AAPL, CSCO, ABBV, JPM, JNJ |
| Q1 2026 | 308 | $2.7B | AAPL, RTX, CVX, XOM, JNJ |
| Q4 2025 | 307 | $2.6B | AAPL, MSFT, RTX, JPM, IBM |
| Q3 2025 | 298 | $2.6B | MSFT, AAPL, JPM, RTX, ABBV |
| Q2 2025 | 279 | $2.4B | MSFT, IBM, JPM, AAPL, RTX |
| Q1 2025 | 265 | $2.3B | SFBS, AAPL, MSFT, AJG, ABBV |
| Q4 2024 | 262 | $2.2B | AAPL, SFBS, MSFT, JPM, IBM |
| Q3 2024 | 268 | $2.3B | SFBS, MSFT, AAPL, IBM, ABBV |
| Q2 2024 | 266 | $2.1B | MSFT, SFBS, AAPL, QCOM, JPM |
| Q1 2024 | 234 | $2.0B | MSFT, SFBS, ABBV, HD, JPM |