Welch Group, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 24, 2024), Welch Group, LLC reported 268 stock positions worth $2.3 billion. Its top holding was Servisfirst Bancshares (SFBS) at 4.0% of the portfolio, followed by Microsoft (MSFT, 3.8%) and Apple (AAPL, 3.7%). Compared with Q2 2024, it opened 16 new positions, sold out of 14, added to 99 and reduced 43. The biggest buy was McDonald's (MCD, shares +2%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.3B (Q3 2024)
- SEC Filing
- 0001443095-24-000004 ↗ filed Oct 24, 2024
Holdings Value
Holdings 268 stocks · $2.3B
| SFBS Servisfirst Bancshares Inc. | 3.98% | 1,139,239 | $91.7M | Reduce -9.3% |
| MSFT Microsoft Corp. | 3.76% | 200,855 | $86.4M | Reduce -0.1% |
| AAPL Apple Inc. | 3.69% | 363,921 | $84.8M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.10% | 322,975 | $71.4M | Reduce -0.4% |
| ABBV Abbvie Inc. | 3.09% | 360,199 | $71.1M | Add +0.2% |
| SO The Southern Co. | 3.08% | 785,721 | $70.9M | Reduce -0.5% |
| HD Home Depot Inc. | 3.00% | 170,044 | $68.9M | Add +1.0% |
| NEE Nextera Energy Inc. | 2.97% | 807,968 | $68.3M | Reduce -0.0% |
| LMT Lockheed Martin Corp. | 2.96% | 116,542 | $68.1M | Reduce -0.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.88% | 235,046 | $66.1M | Reduce -1.5% |
| RTX RTX Corp. | 2.86% | 543,575 | $65.9M | Reduce -0.3% |
| CL Colgate-Palmolive Co. | 2.81% | 622,482 | $64.6M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 2.80% | 305,937 | $64.5M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 2.62% | 514,753 | $60.3M | Add +0.6% |
| MCD McDonald's Corp. | 2.60% | 196,657 | $59.9M | Add +2.4% |
| QCOM Qualcomm Inc. | 2.56% | 346,448 | $58.9M | Add +1.3% |
| CVX Chevron Corp. | 2.48% | 386,666 | $56.9M | Add +2.8% |
| CINF Cincinnati Financial Corp. | 2.44% | 412,155 | $56.1M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 2.44% | 323,870 | $56.1M | Add +0.9% |
| JNJ Johnson & Johnson | 2.44% | 345,797 | $56.0M | Add +2.6% |
| UL Unilever PLC | 2.42% | 858,457 | $55.8M | Reduce -0.8% |
| PAYX Paychex Inc. | 2.36% | 404,557 | $54.3M | Add +0.8% |
| PEP Pepsico Inc. | 2.31% | 313,111 | $53.2M | Add +2.4% |
| TFC Truist Financial Corp. | 2.31% | 1,241,834 | $53.1M | Add +1.6% |
| EMR Emerson Electric Co. | 2.30% | 483,941 | $52.9M | Add +1.1% |
| ED Consolidated Edison Inc. | 2.26% | 499,289 | $52.0M | Add +0.8% |
| GIS General Mills Inc. | 2.22% | 690,718 | $51.0M | Add +2.1% |
| KMB Kimberly-Clark Corp. | 2.17% | 351,207 | $50.0M | Add +0.7% |
| VZ Verizon Communications Inc. | 2.12% | 1,086,181 | $48.8M | Add +2.0% |
| TXN Texas Instruments Inc. | 2.11% | 235,001 | $48.5M | Add +1.6% |
| PFE Pfizer Inc. | 2.00% | 1,592,222 | $46.1M | Add +2.1% |
| NVDA Nvidia Corp. | 1.00% | 189,657 | $23.0M | Reduce -2.5% |
| KO The Coca-Cola Co. | 0.76% | 244,180 | $17.5M | Add +1.4% |
| CAT Caterpillar Inc. | 0.61% | 36,111 | $14.1M | Add +1.3% |
| ORCL Oracle Corp. | 0.46% | 61,940 | $10.6M | Add +4.8% |
| AMZN Amazon.com Inc. | 0.45% | 55,874 | $10.4M | Add +5.3% |
| IVV iShares Core S&P 500 ETF | 0.44% | 17,633 | $10.2M | Add +0.2% |
| DE Deere & Co. | 0.44% | 24,234 | $10.1M | Add +5.9% |
| GOOGL Alphabet Inc. Class A | 0.41% | 57,297 | $9.5M | Add +7.4% |
| AFL Aflac Inc. | 0.41% | 84,218 | $9.4M | Add +0.4% |
| BX Blackstone Inc. | 0.38% | 57,398 | $8.8M | Add +5.8% |
| V Visa Inc. Class A | 0.37% | 31,138 | $8.6M | Add +8.2% |
| META Meta Platforms Inc. Class A | 0.36% | 14,411 | $8.2M | Add +9.1% |
| AMD Advanced Micro Devices | 0.34% | 47,485 | $7.8M | Add +9.6% |
| GS Goldman Sachs Group Inc. | 0.34% | 15,722 | $7.8M | Add +4.0% |
| SHW The Sherwin-Williams Co. | 0.34% | 20,353 | $7.8M | Add +4.5% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.33% | 65,002 | $7.6M | Add +3.1% |
| CSCO Cisco Systems Inc. | 0.33% | 141,344 | $7.5M | Add +9.3% |
| CARR Carrier Global Corp. | 0.32% | 92,424 | $7.4M | Add +9.4% |
| ABT Abbott Laboratories | 0.32% | 65,174 | $7.4M | Add +7.6% |
| VMC Vulcan Materials Co. | 0.30% | 27,751 | $6.9M | Reduce -1.8% |
| SYK Stryker Corp. | 0.30% | 19,105 | $6.9M | Add +7.2% |
| MA Mastercard Inc. Class A | 0.30% | 13,888 | $6.9M | Add +4.2% |
| ACN Accenture PLC Class A | 0.29% | 18,590 | $6.6M | Add +7.5% |
| TGT Target Corp. | 0.28% | 41,489 | $6.5M | Add +9.9% |
| LLY Eli Lilly & Co. | 0.25% | 6,548 | $5.8M | Add +3.3% |
| GL Globe Life Inc. | 0.23% | 48,930 | $5.2M | Add +0.2% |
| AXP American Express Co. | 0.22% | 18,500 | $5.0M | Add +9.8% |
| VOO Vanguard S&P 500 ETF | 0.19% | 8,387 | $4.4M | Reduce -0.5% |
| WMT Walmart Inc. | 0.17% | 47,529 | $3.8M | Add +8.0% |
| DG Dollar General Corp. | 0.16% | 43,716 | $3.7M | Add +23.8% |
| MRK Merck & Co. Inc. | 0.15% | 30,700 | $3.5M | Add +0.1% |
| SNV Synovus Financial Corp. | 0.15% | 77,388 | $3.4M | Reduce -0.8% |
| RF Regions Financial Corp. | 0.14% | 139,565 | $3.3M | Add +7.2% |
| PM Philip Morris International | 0.11% | 21,577 | $2.6M | Add +0.1% |
| MO Altria Group Inc. | 0.09% | 41,040 | $2.1M | Add +0.3% |
| GGG Graco Inc. | 0.09% | 23,791 | $2.1M | No change |
| GOOG Alphabet Inc. Class C | 0.09% | 11,939 | $2.0M | Reduce -1.7% |
| T AT&T Inc. | 0.08% | 84,812 | $1.9M | Add +0.2% |
| GLD SPDR Gold Shares | 0.08% | 7,659 | $1.9M | Add +12.4% |
| AON Aon PLC Class A | 0.08% | 5,272 | $1.8M | No change |
| GPC Genuine Parts Co. | 0.08% | 13,015 | $1.8M | Reduce -0.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.08% | 3,646 | $1.8M | Add +83.7% |
| CR Crane Co. | 0.08% | 11,000 | $1.7M | No change |
| RSG Republic Services Inc. | 0.08% | 8,609 | $1.7M | No change |
| MOD Modine Manufacturing Co. | 0.07% | 13,000 | $1.7M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 42,481 | $1.7M | Reduce -0.3% |
| COST Costco Wholesale Corp. | 0.07% | 1,850 | $1.6M | Add +6.6% |
| MLI Mueller Industries Inc. | 0.07% | 22,000 | $1.6M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.06% | 17,686 | $1.5M | Add +26.1% |
| NOC Northrop Grumman Corp. | 0.06% | 2,770 | $1.5M | No change |
| HON Honeywell International Inc. | 0.06% | 7,053 | $1.5M | Add +0.3% |
| WM Waste Management Inc. | 0.06% | 6,788 | $1.4M | No change |
| DUK Duke Energy Corp. | 0.06% | 12,145 | $1.4M | Reduce -1.6% |
| MDLZ Mondelez International Inc. Class A | 0.06% | 18,848 | $1.4M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 2,392 | $1.4M | Add +5.0% |
| WELL Welltower Inc. | 0.06% | 10,700 | $1.4M | No change |
| TXT Textron Inc. | 0.06% | 15,400 | $1.4M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.05% | 16,936 | $1.2M | No change |
| WFC Wells Fargo & Co. | 0.05% | 21,360 | $1.2M | Add +0.9% |
| XLV SS Health Care Select Sector | 0.05% | 7,712 | $1.2M | Reduce -13.0% |
| VONE Vanguard Russell 1000 | 0.05% | 4,366 | $1.1M | No change |
| NVS Novartis AG-Sponsored ADR | 0.05% | 9,842 | $1.1M | Reduce -3.8% |
| WTS Watts Water Technologies-A | 0.05% | 5,400 | $1.1M | No change |
| OKE Oneok Inc. | 0.05% | 12,269 | $1.1M | Add +1.7% |
| COP Conocophillips | 0.05% | 10,442 | $1.1M | Add +9.3% |
| UCB United Community Banks | 0.05% | 37,714 | $1.1M | No change |
| XLE SS Energy Select Sector | 0.05% | 12,256 | $1.1M | Add +10.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.05% | 11,588 | $1.1M | No change |
| XYL Xylem Inc. | 0.05% | 7,800 | $1.1M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | 12,000 | $1K | No change |
Total filed on the 13F, all lines: $2.3B.
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -0.1% | 3.76% | −0.56 |
| JPM JPMorgan Chase & Co. | Reduce -1.0% | 2.80% | −0.20 |
| NVDA Nvidia Corp. | Reduce -2.5% | 1.00% | −0.15 |
| CL Colgate-Palmolive Co. | Reduce -0.4% | 2.81% | −0.10 |
| AJG Arthur J Gallagher & Co. | Reduce -1.5% | 2.88% | −0.10 |
| VMC Vulcan Materials Co. | Reduce -1.8% | 0.30% | −0.04 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.03 |
| SJM The JM Smucker Co. | Reduce -62.2% | 0.01% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -1.7% | 0.09% | −0.02 |
| INTC Intel Corp. | Reduce -35.1% | 0.01% | −0.02 |
| AAPL Apple Inc. | Reduce -0.6% | 3.69% | −0.02 |
| FOX Fox Corp. Class B | Sold out | 0.00% | −0.02 |
| PARAA Paramount Global Class A | Sold out | 0.00% | −0.01 |
| GPN Global Payments Inc. | Reduce -33.7% | 0.02% | −0.01 |
| APA Apa Corp. | Sold out | 0.00% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -29.4% | 0.02% | −0.01 |
| PDCO Patterson Cos Inc. | Sold out | 0.00% | −0.01 |
| DAN Dana Inc. | Sold out | 0.00% | −0.01 |
| EW Edwards Lifesciences Corp. | Sold out | 0.00% | −0.01 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.01 |
| XLV SS Health Care Select Sector | Reduce -13.0% | 0.05% | −0.01 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.01 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -0.5% | 0.19% | −0.01 |
| DIS The Walt Disney Co. | Reduce -5.8% | 0.05% | −0.01 |
| MU Micron Technology Inc. | Reduce -5.0% | 0.02% | −0.01 |
| PTLC Pacer Trendpilot US Large Ca | Reduce -14.6% | 0.04% | −0.01 |
| BAC Bank of America Corp. | Reduce -0.3% | 0.07% | −0.01 |
| GPC Genuine Parts Co. | Reduce -0.6% | 0.08% | −0.01 |
| PSX Phillips 66 | Reduce -7.9% | 0.02% | −0.01 |
| PRF Invesco Rafi US 1000 ETF | Reduce -23.9% | 0.02% | −0.01 |
| VOD Vodafone Group PLC-SP ADR | Sold out | 0.00% | −0.00 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -21.1% | 0.03% | −0.00 |
| NVS Novartis AG-Sponsored ADR | Reduce -3.8% | 0.05% | −0.00 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -1.0% | 0.02% | −0.00 |
| TV Grupo Televisa SA-Spon ADR | Sold out | 0.00% | −0.00 |
| VGT Vanguard Info Tech ETF | Reduce -1.4% | 0.02% | −0.00 |
| RIVN Rivian Automotive Inc. Class A | Reduce -2.4% | 0.01% | −0.00 |
| EPD Enterprise Products Partners | Reduce -1.0% | 0.02% | −0.00 |
| CMCSA Comcast Corp. Class A | Reduce -9.4% | 0.01% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Reduce -4.5% | 0.02% | −0.00 |
| SNV Synovus Financial Corp. | Reduce -0.8% | 0.15% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.6% | 0.03% | −0.00 |
| D Dominion Energy Inc. | Reduce -10.0% | 0.02% | −0.00 |
| AP Ampco-Pittsburgh Corp. | Sold out | 0.00% | −0.00 |
| KMI Kinder Morgan Inc. | Reduce -0.3% | 0.01% | 0.00 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.7% | 0.06% | +0.00 |
| DUK Duke Energy Corp. | Reduce -1.6% | 0.06% | +0.00 |
| CINF Cincinnati Financial Corp. | Reduce -0.1% | 2.44% | +0.10 |
Portfolio Buys Q2 2024 → Q3 2024
| MCD McDonald's Corp. | Add +2.4% | 2.60% | +0.25 |
| HD Home Depot Inc. | Add +1.0% | 3.00% | +0.21 |
| GIS General Mills Inc. | Add +2.1% | 2.22% | +0.16 |
| ED Consolidated Edison Inc. | Add +0.8% | 2.26% | +0.13 |
| ABBV Abbvie Inc. | Add +0.2% | 3.09% | +0.13 |
| PAYX Paychex Inc. | Add +0.8% | 2.36% | +0.07 |
| JNJ Johnson & Johnson | Add +2.6% | 2.44% | +0.07 |
| CARR Carrier Global Corp. | Add +9.4% | 0.32% | +0.07 |
| BX Blackstone Inc. | Add +5.8% | 0.38% | +0.06 |
| SHW The Sherwin-Williams Co. | Add +4.5% | 0.34% | +0.06 |
| ORCL Oracle Corp. | Add +4.8% | 0.46% | +0.06 |
| AFL Aflac Inc. | Add +0.4% | 0.41% | +0.05 |
| CAT Caterpillar Inc. | Add +1.3% | 0.61% | +0.04 |
| META Meta Platforms Inc. Class A | Add +9.1% | 0.36% | +0.04 |
| ACN Accenture PLC Class A | Add +7.5% | 0.29% | +0.03 |
| GL Globe Life Inc. | Add +0.2% | 0.23% | +0.03 |
| CSCO Cisco Systems Inc. | Add +9.3% | 0.33% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +83.7% | 0.08% | +0.03 |
| AXP American Express Co. | Add +9.8% | 0.22% | +0.03 |
| DE Deere & Co. | Add +5.9% | 0.44% | +0.03 |
| KO The Coca-Cola Co. | Add +1.4% | 0.76% | +0.03 |
| TFC Truist Financial Corp. | Add +1.6% | 2.31% | +0.03 |
| WMT Walmart Inc. | Add +8.0% | 0.17% | +0.02 |
| ABT Abbott Laboratories | Add +7.6% | 0.32% | +0.02 |
| ET Energy Transfer LP | New | 0.02% | +0.02 |
| RF Regions Financial Corp. | Add +7.2% | 0.14% | +0.02 |
| MA Mastercard Inc. Class A | Add +4.2% | 0.30% | +0.02 |
| AVGO Broadcom Inc. | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
| ALL Allstate Corp. | New | 0.01% | +0.01 |
| TGT Target Corp. | Add +9.9% | 0.28% | +0.01 |
| OBDC Blue Owl Capital Corp. | New | 0.01% | +0.01 |
| VZ Verizon Communications Inc. | Add +2.0% | 2.12% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +12.4% | 0.08% | +0.01 |
| ROST Ross Stores Inc. | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +4.0% | 0.34% | +0.01 |
| TSLA Tesla Inc. | Add +27.4% | 0.03% | +0.01 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| NKE Nike Inc. Class B | New | 0.01% | +0.01 |
| FSLR First Solar Inc. | New | 0.01% | +0.01 |
| SCHD Schwab US DVD Equity ETF | New | 0.01% | +0.01 |
| AEE Ameren Corporation | New | 0.01% | +0.01 |
| LHX L3HARRIS Technologies Inc. | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +8.2% | 0.37% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +26.1% | 0.06% | +0.01 |
| PM Philip Morris International | Add +0.1% | 0.11% | +0.01 |
| VFH Vanguard Financials ETF | New | 0.01% | +0.01 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.01% | +0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | New | 0.01% | +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 |