Welch Group, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 17, 2024), Welch Group, LLC reported 266 stock positions worth $2.1 billion. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Servisfirst Bancshares (SFBS, 3.8%) and Apple (AAPL, 3.7%). Compared with Q1 2024, it opened 37 new positions, sold out of 5, added to 129 and reduced 39. The biggest buy was Apple (AAPL, shares +2%) and the biggest sale Servisfirst Bancshares (SFBS, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.1B (Q2 2024)
- SEC Filing
- 0001842787-24-000004 ↗ filed Jul 17, 2024
Holdings Value
Holdings 266 stocks · $2.1B
| MSFT Microsoft Corp. | 4.32% | 201,022 | $89.8M | Reduce -0.8% |
| SFBS Servisfirst Bancshares Inc. | 3.81% | 1,255,498 | $79.3M | Reduce -1.5% |
| AAPL Apple Inc. | 3.70% | 366,000 | $77.1M | Add +2.2% |
| QCOM Qualcomm Inc. | 3.27% | 342,098 | $68.1M | Reduce -3.2% |
| JPM JPMorgan Chase & Co. | 3.00% | 309,063 | $62.5M | Reduce -1.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.97% | 238,639 | $61.9M | Reduce -1.3% |
| ABBV Abbvie Inc. | 2.96% | 359,639 | $61.7M | Add +0.6% |
| SO The Southern Co. | 2.94% | 789,281 | $61.2M | Add +0.0% |
| CL Colgate-Palmolive Co. | 2.91% | 624,865 | $60.6M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 2.83% | 511,611 | $58.9M | Reduce -0.6% |
| CVX Chevron Corp. | 2.83% | 376,006 | $58.8M | Add +0.8% |
| HD Home Depot Inc. | 2.79% | 168,397 | $58.0M | Add +0.9% |
| NEE Nextera Energy Inc. | 2.75% | 808,100 | $57.2M | Add +1.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.69% | 324,188 | $56.1M | Reduce -0.0% |
| RTX RTX Corp. | 2.63% | 545,247 | $54.7M | Reduce -0.6% |
| LMT Lockheed Martin Corp. | 2.62% | 116,764 | $54.5M | Add +1.2% |
| PG The Procter & Gamble Co. | 2.54% | 320,880 | $52.9M | Add +0.4% |
| EMR Emerson Electric Co. | 2.53% | 478,434 | $52.7M | Reduce -1.0% |
| PEP Pepsico Inc. | 2.42% | 305,650 | $50.4M | Add +1.9% |
| JNJ Johnson & Johnson | 2.37% | 337,096 | $49.3M | Add +3.2% |
| MCD McDonald's Corp. | 2.35% | 192,099 | $49.0M | Add +3.2% |
| CINF Cincinnati Financial Corp. | 2.34% | 412,758 | $48.7M | Add +0.4% |
| KMB Kimberly-Clark Corp. | 2.32% | 348,891 | $48.2M | Add +0.8% |
| UL Unilever PLC | 2.29% | 865,256 | $47.6M | Add +0.9% |
| PAYX Paychex Inc. | 2.29% | 401,151 | $47.6M | Add +0.8% |
| TFC Truist Financial Corp. | 2.28% | 1,222,780 | $47.5M | Add +2.1% |
| TXN Texas Instruments Inc. | 2.16% | 231,357 | $45.0M | Add +1.0% |
| ED Consolidated Edison Inc. | 2.13% | 495,320 | $44.3M | Add +1.2% |
| VZ Verizon Communications Inc. | 2.11% | 1,064,637 | $43.9M | Add +1.5% |
| PFE Pfizer Inc. | 2.10% | 1,560,118 | $43.7M | Add +4.5% |
| GIS General Mills Inc. | 2.06% | 676,543 | $42.8M | Add +1.7% |
| NVDA Nvidia Corp. | 1.15% | 194,562 | $24.0M | Reduce -4.2% |
| KO The Coca-Cola Co. | 0.74% | 240,736 | $15.3M | Add +5.1% |
| CAT Caterpillar Inc. | 0.57% | 35,660 | $11.9M | Add +2.0% |
| AMZN Amazon.com Inc. | 0.49% | 53,035 | $10.2M | Add +0.5% |
| GOOGL Alphabet Inc. Class A | 0.47% | 53,369 | $9.7M | Add +0.7% |
| IVV iShares Core S&P 500 ETF | 0.46% | 17,590 | $9.6M | Reduce -0.0% |
| DE Deere & Co. | 0.41% | 22,890 | $8.6M | Add +12.8% |
| ORCL Oracle Corp. | 0.40% | 59,126 | $8.3M | Add +1.4% |
| V Visa Inc. Class A | 0.36% | 28,789 | $7.6M | Add +12.4% |
| AFL Aflac Inc. | 0.36% | 83,851 | $7.5M | Add +147.7% |
| AMD Advanced Micro Devices | 0.34% | 43,337 | $7.0M | Add +8.8% |
| VMC Vulcan Materials Co. | 0.34% | 28,247 | $7.0M | Add +10.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 63,019 | $6.9M | Add +2.7% |
| GS Goldman Sachs Group Inc. | 0.33% | 15,116 | $6.8M | Add +2.1% |
| BX Blackstone Inc. | 0.32% | 54,243 | $6.7M | Add +1.9% |
| META Meta Platforms Inc. Class A | 0.32% | 13,212 | $6.7M | Add +2.8% |
| ABT Abbott Laboratories | 0.30% | 60,571 | $6.3M | Add +5.1% |
| CSCO Cisco Systems Inc. | 0.30% | 129,315 | $6.1M | Add +4.9% |
| SYK Stryker Corp. | 0.29% | 17,821 | $6.1M | Add +2.9% |
| MA Mastercard Inc. Class A | 0.28% | 13,323 | $5.9M | Add +2.6% |
| SHW The Sherwin-Williams Co. | 0.28% | 19,472 | $5.8M | Add +3.1% |
| LLY Eli Lilly & Co. | 0.28% | 6,339 | $5.7M | Add +6.7% |
| TGT Target Corp. | 0.27% | 37,741 | $5.6M | Add +3.3% |
| CARR Carrier Global Corp. | 0.26% | 84,512 | $5.3M | Add +6.5% |
| ACN Accenture PLC Class A | 0.25% | 17,285 | $5.2M | Add +9.9% |
| DG Dollar General Corp. | 0.22% | 35,309 | $4.7M | Add +9.3% |
| VOO Vanguard S&P 500 ETF | 0.20% | 8,427 | $4.2M | Add +0.8% |
| GL Globe Life Inc. | 0.19% | 48,818 | $4.0M | Reduce -4.6% |
| AXP American Express Co. | 0.19% | 16,842 | $3.9M | Add +26.2% |
| MRK Merck & Co. Inc. | 0.18% | 30,654 | $3.8M | Reduce -0.6% |
| SNV Synovus Financial Corp. | 0.15% | 77,980 | $3.1M | Add +30.0% |
| WMT Walmart Inc. | 0.14% | 43,992 | $3.0M | Add +2.5% |
| RF Regions Financial Corp. | 0.13% | 130,181 | $2.6M | Add +5.2% |
| GOOG Alphabet Inc. Class C | 0.11% | 12,140 | $2.2M | Reduce -5.8% |
| PM Philip Morris International | 0.10% | 21,567 | $2.2M | Add +1.5% |
| GGG Graco Inc. | 0.09% | 23,791 | $1.9M | Add +6.7% |
| MO Altria Group Inc. | 0.09% | 40,925 | $1.9M | Add +5.2% |
| GPC Genuine Parts Co. | 0.09% | 13,091 | $1.8M | Add +44.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 42,621 | $1.7M | Add +5.8% |
| RSG Republic Services Inc. | 0.08% | 8,609 | $1.7M | Add +27.8% |
| T AT&T Inc. | 0.08% | 84,634 | $1.6M | Add +26.0% |
| CR Crane Co. | 0.08% | 11,000 | $1.6M | Add +83.3% |
| AON Aon PLC Class A | 0.07% | 5,272 | $1.5M | No change |
| HON Honeywell International Inc. | 0.07% | 7,032 | $1.5M | Add +88.4% |
| COST Costco Wholesale Corp. | 0.07% | 1,736 | $1.5M | Add +0.5% |
| GLD SPDR Gold Shares | 0.07% | 6,812 | $1.5M | Add +14.6% |
| WM Waste Management Inc. | 0.07% | 6,788 | $1.4M | Add +16.5% |
| TXT Textron Inc. | 0.06% | 15,400 | $1.3M | Add +185.2% |
| MOD Modine Manufacturing Co. | 0.06% | 13,000 | $1.3M | Add +271.4% |
| XLV SS Health Care Select Sector | 0.06% | 8,860 | $1.3M | Add +322.3% |
| WFC Wells Fargo & Co. | 0.06% | 21,166 | $1.3M | Add +44.3% |
| MLI Mueller Industries Inc. | 0.06% | 22,000 | $1.3M | Add +76.0% |
| MDLZ Mondelez International Inc. Class A | 0.06% | 18,988 | $1.2M | Add +27.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 2,278 | $1.2M | Reduce -0.7% |
| DUK Duke Energy Corp. | 0.06% | 12,336 | $1.2M | Add +10.5% |
| NOC Northrop Grumman Corp. | 0.06% | 2,770 | $1.2M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 11,606 | $1.2M | Add +54.3% |
| SHY iShares 1-3 Year Treasury Bo | 0.06% | 14,020 | $1.1M | Add +14.3% |
| WELL Welltower Inc. | 0.05% | 10,700 | $1.1M | No change |
| COP Conocophillips | 0.05% | 9,554 | $1.1M | Reduce -3.9% |
| NVS Novartis AG-Sponsored ADR | 0.05% | 10,226 | $1.1M | No change |
| VONE Vanguard Russell 1000 | 0.05% | 4,366 | $1.1M | Reduce -0.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.05% | 11,588 | $1.1M | Add +0.6% |
| XYL Xylem Inc. | 0.05% | 7,800 | $1.1M | Add +69.6% |
| PTLC Pacer Trendpilot US Large Ca | 0.05% | 20,607 | $1.0M | Reduce -1.0% |
| XLE SS Energy Select Sector | 0.05% | 11,135 | $1.0M | Add +89.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.05% | 16,936 | $1.0M | Add +217.4% |
| GATX Gatx Corp. | 0.05% | 7,512 | $994K | Add +149.4% |
| WTS Watts Water Technologies-A | 0.05% | 5,400 | $990K | Add +86.2% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $600 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | 12,000 | $600 | New |
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q1 2024 → Q2 2024
| SFBS Servisfirst Bancshares Inc. | Reduce -1.5% | 3.81% | −0.38 |
| IBM Intl Business Machines Corp. | Reduce -0.0% | 2.69% | −0.38 |
| EMR Emerson Electric Co. | Reduce -1.0% | 2.53% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -0.6% | 2.83% | −0.14 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 3.00% | −0.13 |
| GL Globe Life Inc. | Reduce -4.6% | 0.19% | −0.10 |
| AJG Arthur J Gallagher & Co. | Reduce -1.3% | 2.97% | −0.03 |
| RTX RTX Corp. | Reduce -0.6% | 2.63% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.18% | −0.02 |
| BBVA Banco Bilbao Vizcaya-SP ADR | Reduce -15.0% | 0.03% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.1% | 0.03% | −0.01 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.01 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.01 |
| COP Conocophillips | Reduce -3.9% | 0.05% | −0.01 |
| USB US Bancorp | Sold out | 0.00% | −0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Sold out | 0.00% | −0.01 |
| MLM Martin Marietta Materials | Reduce -14.1% | 0.03% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -49.1% | 0.01% | −0.01 |
| SBUX Starbucks Corp. | Reduce -4.5% | 0.02% | −0.00 |
| CB Chubb Ltd. | Reduce -8.3% | 0.03% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -25.7% | 0.01% | −0.00 |
| CRGY Crescent Energy Inc. Class A | Reduce -9.2% | 0.03% | −0.00 |
| SB Safe Bulkers Inc. | Sold out | 0.00% | −0.00 |
| PRF Invesco Rafi US 1000 ETF | Reduce -7.0% | 0.02% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -10.2% | 0.01% | −0.00 |
| ORLY O'reilly Automotive Inc. | Reduce -10.0% | 0.01% | −0.00 |
| CRM Salesforce Inc. | Reduce -0.3% | 0.01% | −0.00 |
| F Ford Motor Co. | Reduce -10.5% | 0.01% | −0.00 |
| ITT Itt Inc. | Reduce -4.4% | 0.01% | −0.00 |
| FANG Diamondback Energy Inc. | Reduce -2.5% | 0.03% | −0.00 |
| ETN Eaton Corp. PLC | Reduce -0.5% | 0.04% | −0.00 |
| IVW iShares S&P 500 Growth ETF | Reduce -11.9% | 0.02% | −0.00 |
| APD Air Products & Chemicals Inc. | Reduce -6.9% | 0.01% | −0.00 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -1.0% | 0.05% | 0.00 |
| VONE Vanguard Russell 1000 | Reduce -0.1% | 0.05% | 0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.7% | 0.06% | +0.00 |
| AMAT Applied Materials Inc. | Reduce -1.1% | 0.01% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 0.04% | +0.00 |
| IVV iShares Core S&P 500 ETF | Reduce -0.0% | 0.46% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -5.8% | 0.11% | +0.01 |
| MSFT Microsoft Corp. | Reduce -0.8% | 4.32% | +0.09 |
| CL Colgate-Palmolive Co. | Reduce -0.5% | 2.91% | +0.11 |
| NVDA Nvidia Corp. | Reduce -4.2% | 1.15% | +0.24 |
| QCOM Qualcomm Inc. | Reduce -3.2% | 3.27% | +0.31 |
Portfolio Buys Q1 2024 → Q2 2024
| AAPL Apple Inc. | Add +2.2% | 3.70% | +0.66 |
| NEE Nextera Energy Inc. | Add +1.8% | 2.75% | +0.23 |
| AFL Aflac Inc. | Add +147.7% | 0.36% | +0.22 |
| TXN Texas Instruments Inc. | Add +1.0% | 2.16% | +0.18 |
| UL Unilever PLC | Add +0.9% | 2.29% | +0.15 |
| SO The Southern Co. | Add +0.0% | 2.94% | +0.13 |
| KMB Kimberly-Clark Corp. | Add +0.8% | 2.32% | +0.10 |
| GOOGL Alphabet Inc. Class A | Add +0.7% | 0.47% | +0.07 |
| XLV SS Health Care Select Sector | Add +322.3% | 0.06% | +0.05 |
| LLY Eli Lilly & Co. | Add +6.7% | 0.28% | +0.05 |
| MOD Modine Manufacturing Co. | Add +271.4% | 0.06% | +0.05 |
| PFE Pfizer Inc. | Add +4.5% | 2.10% | +0.04 |
| BATRA Atlanta Braves Holdings in-A | New | 0.04% | +0.04 |
| KO The Coca-Cola Co. | Add +5.1% | 0.74% | +0.04 |
| ORCL Oracle Corp. | Add +1.4% | 0.40% | +0.04 |
| TXT Textron Inc. | Add +185.2% | 0.06% | +0.04 |
| AXP American Express Co. | Add +26.2% | 0.19% | +0.04 |
| CR Crane Co. | Add +83.3% | 0.08% | +0.04 |
| HON Honeywell International Inc. | Add +88.4% | 0.07% | +0.03 |
| BNY Bank of New York Mellon Corp. | Add +217.4% | 0.05% | +0.03 |
| SNV Synovus Financial Corp. | Add +30.0% | 0.15% | +0.03 |
| AD Array Digital Infrastructure | New | 0.03% | +0.03 |
| GATX Gatx Corp. | Add +149.4% | 0.05% | +0.03 |
| CARR Carrier Global Corp. | Add +6.5% | 0.26% | +0.03 |
| XLP SS Consumer Staples Sel Sect | New | 0.03% | +0.03 |
| MLI Mueller Industries Inc. | Add +76.0% | 0.06% | +0.03 |
| NFG National Fuel Gas Co. | New | 0.03% | +0.03 |
| TJX TJX Companies Inc. | Add +2.7% | 0.33% | +0.02 |
| GPN Global Payments Inc. | Add +289.1% | 0.04% | +0.02 |
| MSGS Madison Square Garden Sports | New | 0.02% | +0.02 |
| GS Goldman Sachs Group Inc. | Add +2.1% | 0.33% | +0.02 |
| XLE SS Energy Select Sector | Add +89.5% | 0.05% | +0.02 |
| XYL Xylem Inc. | Add +69.6% | 0.05% | +0.02 |
| AMZN Amazon.com Inc. | Add +0.5% | 0.49% | +0.02 |
| SJM The JM Smucker Co. | Add +164.6% | 0.04% | +0.02 |
| SONY Sony Group Corp. - SP ADR | New | 0.02% | +0.02 |
| T AT&T Inc. | Add +26.0% | 0.08% | +0.02 |
| WFC Wells Fargo & Co. | Add +44.3% | 0.06% | +0.02 |
| LMT Lockheed Martin Corp. | Add +1.2% | 2.62% | +0.02 |
| NEM Newmont Corp. | New | 0.02% | +0.02 |
| GPC Genuine Parts Co. | Add +44.0% | 0.09% | +0.02 |
| POST Post Holdings Inc. | New | 0.02% | +0.02 |
| WTS Watts Water Technologies-A | Add +86.2% | 0.05% | +0.02 |
| TRN Trinity Industries Inc. | New | 0.02% | +0.02 |
| RSG Republic Services Inc. | Add +27.8% | 0.08% | +0.02 |
| ES Eversource Energy | New | 0.02% | +0.02 |
| FOX Fox Corp. Class B | New | 0.02% | +0.02 |
| WMT Walmart Inc. | Add +2.5% | 0.14% | +0.02 |
| VMI Valmont Industries | New | 0.01% | +0.01 |
| PARAA Paramount Global Class A | New | 0.01% | +0.01 |
Notes & Other Activity Q1 2024 → Q2 2024
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | New | 12,000 | $600 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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 |