Welch Group, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 9, 2024), Welch Group, LLC reported 234 stock positions worth $2.0 billion. Its top holding was Microsoft (MSFT) at 4.2% of the portfolio, followed by Servisfirst Bancshares (SFBS, 4.2%) and Abbvie (ABBV, 3.2%). Compared with Q4 2023, it opened 20 new positions, sold out of 14, added to 81 and reduced 69. The biggest buy was Truist Financial (TFC, shares +67%) and the biggest sale an exit from SS Financial Select Sector (XLF).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.0B (Q1 2024)
- SEC Filing
- 0001443095-24-000003 ↗ filed Apr 9, 2024
Holdings Value
Holdings 234 stocks · $2.0B
| MSFT Microsoft Corp. | 4.23% | 202,580 | $85.2M | Reduce -7.4% |
| SFBS Servisfirst Bancshares Inc. | 4.19% | 1,274,271 | $84.6M | Reduce -1.9% |
| ABBV Abbvie Inc. | 3.23% | 357,441 | $65.1M | Reduce -3.1% |
| HD Home Depot Inc. | 3.18% | 166,967 | $64.0M | Reduce -2.3% |
| JPM JPMorgan Chase & Co. | 3.13% | 315,037 | $63.1M | Reduce -4.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.07% | 324,278 | $61.9M | Reduce -5.7% |
| AAPL Apple Inc. | 3.05% | 358,258 | $61.4M | Reduce -2.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 3.00% | 241,817 | $60.5M | Reduce -5.5% |
| XOM Exxon Mobil Corp. | 2.97% | 514,561 | $59.8M | Add +1.9% |
| QCOM Qualcomm Inc. | 2.97% | 353,288 | $59.8M | Reduce -5.1% |
| CVX Chevron Corp. | 2.92% | 372,870 | $58.8M | Add +5.1% |
| SO The Southern Co. | 2.81% | 789,070 | $56.6M | Add +1.4% |
| CL Colgate-Palmolive Co. | 2.80% | 627,813 | $56.5M | Reduce -0.7% |
| EMR Emerson Electric Co. | 2.72% | 483,432 | $54.8M | Reduce -2.8% |
| RTX RTX Corp. | 2.65% | 548,655 | $53.5M | Add +3.6% |
| MCD McDonald's Corp. | 2.60% | 186,215 | $52.5M | Reduce -0.4% |
| PEP Pepsico Inc. | 2.60% | 299,911 | $52.5M | Add +3.6% |
| LMT Lockheed Martin Corp. | 2.60% | 115,366 | $52.5M | Add +3.3% |
| PG The Procter & Gamble Co. | 2.57% | 319,643 | $51.9M | Reduce -0.3% |
| JNJ Johnson & Johnson | 2.56% | 326,765 | $51.7M | Add +4.7% |
| CINF Cincinnati Financial Corp. | 2.53% | 410,991 | $51.0M | Add +0.3% |
| NEE Nextera Energy Inc. | 2.52% | 794,225 | $50.8M | Add +13.6% |
| PAYX Paychex Inc. | 2.42% | 397,903 | $48.9M | Reduce -0.1% |
| TFC Truist Financial Corp. | 2.31% | 1,197,509 | $46.7M | Add +67.1% |
| GIS General Mills Inc. | 2.31% | 665,037 | $46.5M | Add +8.1% |
| KMB Kimberly-Clark Corp. | 2.22% | 346,119 | $44.8M | Add +6.5% |
| ED Consolidated Edison Inc. | 2.20% | 489,378 | $44.4M | Add +3.2% |
| VZ Verizon Communications Inc. | 2.18% | 1,048,902 | $44.0M | Add +1.1% |
| UL Unilever PLC | 2.14% | 857,776 | $43.1M | Add +4.0% |
| PFE Pfizer Inc. | 2.05% | 1,492,607 | $41.4M | Add +61.5% |
| TXN Texas Instruments Inc. | 1.98% | 229,149 | $39.9M | Add +11.5% |
| NVDA Nvidia Corp. | 0.91% | 20,312 | $18.4M | Reduce -9.5% |
| KO The Coca-Cola Co. | 0.70% | 229,118 | $14.0M | Add +4.1% |
| CAT Caterpillar Inc. | 0.64% | 34,949 | $12.8M | Add +0.5% |
| AMZN Amazon.com Inc. | 0.47% | 52,752 | $9.5M | Reduce -4.2% |
| IVV iShares Core S&P 500 ETF | 0.46% | 17,595 | $9.3M | Reduce -29.5% |
| DE Deere & Co. | 0.41% | 20,299 | $8.3M | Add +8.3% |
| GOOGL Alphabet Inc. Class A | 0.40% | 53,016 | $8.0M | Add +2.2% |
| ORCL Oracle Corp. | 0.36% | 58,312 | $7.3M | Add +4.4% |
| AMD Advanced Micro Devices | 0.36% | 39,844 | $7.2M | Reduce -3.9% |
| V Visa Inc. Class A | 0.35% | 25,608 | $7.1M | Add +5.2% |
| BX Blackstone Inc. | 0.35% | 53,208 | $7.0M | Add +1.3% |
| VMC Vulcan Materials Co. | 0.35% | 25,599 | $7.0M | Add +0.0% |
| SHW The Sherwin-Williams Co. | 0.33% | 18,883 | $6.6M | Add +2.4% |
| ABT Abbott Laboratories | 0.32% | 57,626 | $6.5M | Add +9.3% |
| TGT Target Corp. | 0.32% | 36,553 | $6.5M | Add +10.3% |
| MA Mastercard Inc. Class A | 0.31% | 12,983 | $6.3M | Add +3.0% |
| META Meta Platforms Inc. Class A | 0.31% | 12,858 | $6.2M | Add +414.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.31% | 61,385 | $6.2M | Add +5.2% |
| SYK Stryker Corp. | 0.31% | 17,322 | $6.2M | Add +2.6% |
| GS Goldman Sachs Group Inc. | 0.31% | 14,810 | $6.2M | Add +5.8% |
| CSCO Cisco Systems Inc. | 0.31% | 123,316 | $6.2M | Add +11.1% |
| GL Globe Life Inc. | 0.30% | 51,157 | $6.0M | Add +10.0% |
| ACN Accenture PLC Class A | 0.27% | 15,732 | $5.5M | Add +3.6% |
| DG Dollar General Corp. | 0.25% | 32,305 | $5.0M | Add +17.3% |
| LLY Eli Lilly & Co. | 0.23% | 5,941 | $4.6M | Add +12.1% |
| CARR Carrier Global Corp. | 0.23% | 79,358 | $4.6M | Add +16.7% |
| MRK Merck & Co. Inc. | 0.20% | 30,850 | $4.1M | Add +3.5% |
| VOO Vanguard S&P 500 ETF | 0.20% | 8,361 | $4.0M | Reduce -58.8% |
| AXP American Express Co. | 0.15% | 13,342 | $3.0M | No change |
| AFL Aflac Inc. | 0.14% | 33,851 | $2.9M | Reduce -0.0% |
| RF Regions Financial Corp. | 0.13% | 123,760 | $2.6M | Reduce -0.2% |
| WMT Walmart Inc. | 0.13% | 42,907 | $2.6M | Add +1.7% |
| SNV Synovus Financial Corp. | 0.12% | 59,969 | $2.4M | Reduce -6.0% |
| GGG Graco Inc. | 0.10% | 22,291 | $2.1M | No change |
| GOOG Alphabet Inc. Class C | 0.10% | 12,882 | $2.0M | Reduce -0.1% |
| PM Philip Morris International | 0.10% | 21,256 | $1.9M | Add +4.1% |
| AON Aon PLC Class A | 0.09% | 5,272 | $1.8M | No change |
| MO Altria Group Inc. | 0.08% | 38,886 | $1.7M | Add +0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 40,294 | $1.5M | Add +47.8% |
| GPC Genuine Parts Co. | 0.07% | 9,090 | $1.4M | No change |
| NOC Northrop Grumman Corp. | 0.07% | 2,770 | $1.3M | Reduce -0.5% |
| RSG Republic Services Inc. | 0.06% | 6,735 | $1.3M | No change |
| COST Costco Wholesale Corp. | 0.06% | 1,728 | $1.3M | Add +0.1% |
| COP Conocophillips | 0.06% | 9,945 | $1.3M | No change |
| WM Waste Management Inc. | 0.06% | 5,827 | $1.2M | Add +0.0% |
| GLD SPDR Gold Shares | 0.06% | 5,942 | $1.2M | Add +3.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 2,293 | $1.2M | Reduce -38.8% |
| T AT&T Inc. | 0.06% | 67,164 | $1.2M | Add +1.5% |
| DUK Duke Energy Corp. | 0.05% | 11,167 | $1.1M | Reduce -0.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.05% | 11,523 | $1.1M | Reduce -65.5% |
| MDLZ Mondelez International Inc. Class A | 0.05% | 14,887 | $1.0M | Add +0.0% |
| VONE Vanguard Russell 1000 | 0.05% | 4,369 | $1.0M | Reduce -2.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.05% | 12,267 | $1.0M | Add +0.6% |
| WELL Welltower Inc. | 0.05% | 10,700 | $1000K | No change |
| PTLC Pacer Trendpilot US Large Ca | 0.05% | 20,807 | $993K | Reduce -6.8% |
| UCB United Community Banks | 0.05% | 37,714 | $993K | No change |
| NVS Novartis AG-Sponsored ADR | 0.05% | 10,226 | $989K | Reduce -5.2% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.05% | 80,096 | $948K | Reduce -3.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.05% | 7,523 | $921K | Reduce -84.5% |
| BMY Bristol-Myers Squibb Co. | 0.04% | 16,682 | $905K | Reduce -80.0% |
| ETN Eaton Corp. PLC | 0.04% | 2,819 | $881K | Add +0.5% |
| WFC Wells Fargo & Co. | 0.04% | 14,666 | $850K | No change |
| INTC Intel Corp. | 0.04% | 19,208 | $848K | Reduce -4.5% |
| CR Crane Co. | 0.04% | 6,000 | $811K | No change |
| HON Honeywell International Inc. | 0.04% | 3,732 | $766K | Reduce -25.3% |
| CB Chubb Ltd. | 0.04% | 2,886 | $748K | Add +9.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.04% | 1,645 | $730K | Reduce -0.1% |
| MLM Martin Marietta Materials | 0.04% | 1,188 | $729K | Reduce -13.5% |
| OKE Oneok Inc. | 0.04% | 9,069 | $727K | Add +11.4% |
Portfolio Sells Q4 2023 → Q1 2024
| XLF SS Financial Select Sector | Sold out | 0.00% | −0.84 |
| AAPL Apple Inc. | Reduce -2.6% | 3.05% | −0.77 |
| SFBS Servisfirst Bancshares Inc. | Reduce -1.9% | 4.19% | −0.47 |
| MCD McDonald's Corp. | Reduce -0.4% | 2.60% | −0.38 |
| VOO Vanguard S&P 500 ETF | Reduce -58.8% | 0.20% | −0.28 |
| XLV SS Health Care Select Sector | Reduce -93.2% | 0.02% | −0.21 |
| MSFT Microsoft Corp. | Reduce -7.4% | 4.23% | −0.21 |
| DIS The Walt Disney Co. | Reduce -84.5% | 0.05% | −0.19 |
| BMY Bristol-Myers Squibb Co. | Reduce -80.0% | 0.04% | −0.19 |
| IVV iShares Core S&P 500 ETF | Reduce -29.5% | 0.46% | −0.18 |
| PAYX Paychex Inc. | Reduce -0.1% | 2.42% | −0.13 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -65.5% | 0.05% | −0.11 |
| AJG Arthur J Gallagher & Co. | Reduce -5.5% | 3.00% | −0.10 |
| XLK SS Technology Select Sector | Reduce -53.1% | 0.03% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -38.8% | 0.06% | −0.04 |
| IHE iShares US Pharmaceuticals E | Sold out | 0.00% | −0.04 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.03 |
| AVDX Avidxchange Holdings Inc. | Sold out | 0.00% | −0.03 |
| XSD SS SPDR S&P Semiconductor | Sold out | 0.00% | −0.02 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.02 |
| HON Honeywell International Inc. | Reduce -25.3% | 0.04% | −0.02 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.02 |
| LOW Lowe's Cos Inc. | Sold out | 0.00% | −0.01 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.01 |
| BA The Boeing Co. | Reduce -12.4% | 0.02% | −0.01 |
| INTC Intel Corp. | Reduce -4.5% | 0.04% | −0.01 |
| HD Home Depot Inc. | Reduce -2.3% | 3.18% | −0.01 |
| K Kellanova | Sold out | 0.00% | −0.01 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.01 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.01 |
| SNV Synovus Financial Corp. | Reduce -6.0% | 0.12% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -5.2% | 0.05% | −0.01 |
| SJM The JM Smucker Co. | Reduce -29.7% | 0.02% | −0.01 |
| RIVN Rivian Automotive Inc. Class A | Reduce -1.0% | 0.01% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -21.3% | 0.01% | −0.01 |
| AFL Aflac Inc. | Reduce -0.0% | 0.14% | −0.01 |
| WRAP Wrap Technologies Inc. | Reduce -27.1% | 0.01% | −0.01 |
| DUK Duke Energy Corp. | Reduce -0.1% | 0.05% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -12.5% | 0.03% | −0.00 |
| NOC Northrop Grumman Corp. | Reduce -0.5% | 0.07% | −0.00 |
| SBUX Starbucks Corp. | Reduce -3.2% | 0.02% | −0.00 |
| UTG Reaves Utility Income Fund | Reduce -5.0% | 0.03% | −0.00 |
| DVY iShares Select Dividend ETF | Reduce -11.3% | 0.02% | −0.00 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Reduce -22.6% | 0.01% | −0.00 |
| CXT Crane NXT Co. | Reduce -22.2% | 0.01% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -11.5% | 0.01% | −0.00 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -6.8% | 0.05% | −0.00 |
| MS Morgan Stanley | Reduce -13.5% | 0.01% | −0.00 |
| BBUS JPMorgan Betabuilders US Equ | Reduce -18.3% | 0.01% | −0.00 |
| UNP Union Pacific Corp. | Reduce -2.7% | 0.02% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| TFC Truist Financial Corp. | Add +67.1% | 2.31% | +0.89 |
| PFE Pfizer Inc. | Add +61.5% | 2.05% | +0.62 |
| META Meta Platforms Inc. Class A | Add +414.1% | 0.31% | +0.26 |
| RTX RTX Corp. | Add +3.6% | 2.65% | +0.25 |
| XOM Exxon Mobil Corp. | Add +1.9% | 2.97% | +0.25 |
| CINF Cincinnati Financial Corp. | Add +0.3% | 2.53% | +0.25 |
| NEE Nextera Energy Inc. | Add +13.6% | 2.52% | +0.23 |
| GIS General Mills Inc. | Add +8.1% | 2.31% | +0.15 |
| TXN Texas Instruments Inc. | Add +11.5% | 1.98% | +0.09 |
| KMB Kimberly-Clark Corp. | Add +6.5% | 2.22% | +0.09 |
| CAT Caterpillar Inc. | Add +0.5% | 0.64% | +0.08 |
| VZ Verizon Communications Inc. | Add +1.1% | 2.18% | +0.08 |
| TGT Target Corp. | Add +10.3% | 0.32% | +0.07 |
| CVX Chevron Corp. | Add +5.1% | 2.92% | +0.07 |
| LLY Eli Lilly & Co. | Add +12.1% | 0.23% | +0.06 |
| DG Dollar General Corp. | Add +17.3% | 0.25% | +0.05 |
| ORCL Oracle Corp. | Add +4.4% | 0.36% | +0.05 |
| SYK Stryker Corp. | Add +2.6% | 0.31% | +0.04 |
| VMC Vulcan Materials Co. | Add +0.0% | 0.35% | +0.03 |
| MRK Merck & Co. Inc. | Add +3.5% | 0.20% | +0.03 |
| BAC Bank of America Corp. | Add +47.8% | 0.08% | +0.03 |
| MA Mastercard Inc. Class A | Add +3.0% | 0.31% | +0.02 |
| NFLX Netflix Inc. | New | 0.02% | +0.02 |
| CARR Carrier Global Corp. | Add +16.7% | 0.23% | +0.02 |
| ITT Itt Inc. | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +5.8% | 0.31% | +0.02 |
| SHW The Sherwin-Williams Co. | Add +2.4% | 0.33% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +61.6% | 0.04% | +0.01 |
| TJX TJX Companies Inc. | Add +5.2% | 0.31% | +0.01 |
| V Visa Inc. Class A | Add +5.2% | 0.35% | +0.01 |
| COIN Coinbase Global Inc. Class A | New | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.01% | +0.01 |
| ORLY O'reilly Automotive Inc. | New | 0.01% | +0.01 |
| ABT Abbott Laboratories | Add +9.3% | 0.32% | +0.01 |
| AMGN Amgen Inc. | New | 0.01% | +0.01 |
| EW Edwards Lifesciences Corp. | New | 0.01% | +0.01 |
| AEM Agnico Eagle Mines Ltd. | New | 0.01% | +0.01 |
| AMAT Applied Materials Inc. | New | 0.01% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | New | 0.01% | +0.01 |
| EFX Equifax Inc. | New | 0.01% | +0.01 |
| GFF Griffon Corp. | New | 0.01% | +0.01 |
| CHE Chemed Corp. | New | 0.01% | +0.01 |
| ADSK Autodesk Inc. | New | 0.01% | +0.01 |
| LRCX Lam Research Corp. | New | 0.01% | +0.01 |
| HAL Halliburton Co. | New | 0.01% | +0.01 |
| OEF iShares S&P 100 ETF | New | 0.01% | +0.01 |
| DE Deere & Co. | Add +8.3% | 0.41% | +0.01 |
| SHEL Shell PLC-ADR | New | 0.01% | +0.01 |
| WMT Walmart Inc. | Add +1.7% | 0.13% | +0.01 |
| ETN Eaton Corp. PLC | Add +0.5% | 0.04% | +0.01 |
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 |