Welch Group, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), Welch Group, LLC reported 262 stock positions worth $2.2 billion. Its top holding was Apple (AAPL) at 4.1% of the portfolio, followed by Servisfirst Bancshares (SFBS, 4.0%) and Microsoft (MSFT, 3.9%). Compared with Q3 2024, it opened 13 new positions, sold out of 19, added to 97 and reduced 55. The biggest buy was SS Health Care Select Sector (XLV, shares +1163%) and the biggest sale Pfizer (PFE, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.2B (Q4 2024)
- SEC Filing
- 0001443095-25-000001 ↗ filed Jan 27, 2025
Holdings Value
Holdings 262 stocks · $2.2B
| AAPL Apple Inc. | 4.10% | 361,297 | $91.1M | Reduce -0.7% |
| SFBS Servisfirst Bancshares Inc. | 3.99% | 1,035,624 | $88.7M | Reduce -9.1% |
| MSFT Microsoft Corp. | 3.85% | 201,277 | $85.5M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 3.24% | 301,071 | $72.1M | Reduce -1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.17% | 319,247 | $70.3M | Reduce -1.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 3.00% | 234,210 | $66.6M | Reduce -0.4% |
| HD Home Depot Inc. | 2.98% | 170,173 | $66.3M | Add +0.1% |
| SO The Southern Co. | 2.90% | 780,346 | $64.3M | Reduce -0.7% |
| ABBV Abbvie Inc. | 2.89% | 364,516 | $64.2M | Add +1.2% |
| RTX RTX Corp. | 2.81% | 542,103 | $62.5M | Reduce -0.3% |
| EMR Emerson Electric Co. | 2.69% | 480,432 | $59.7M | Reduce -0.7% |
| CINF Cincinnati Financial Corp. | 2.62% | 407,097 | $58.3M | Reduce -1.2% |
| MCD McDonald's Corp. | 2.60% | 199,402 | $57.7M | Add +1.4% |
| NEE Nextera Energy Inc. | 2.59% | 802,465 | $57.6M | Reduce -0.7% |
| CL Colgate-Palmolive Co. | 2.58% | 631,619 | $57.3M | Add +1.5% |
| LMT Lockheed Martin Corp. | 2.56% | 117,754 | $56.9M | Add +1.0% |
| PAYX Paychex Inc. | 2.55% | 403,801 | $56.5M | Reduce -0.2% |
| CVX Chevron Corp. | 2.54% | 394,292 | $56.4M | Add +2.0% |
| PG The Procter & Gamble Co. | 2.45% | 326,148 | $54.5M | Add +0.7% |
| QCOM Qualcomm Inc. | 2.44% | 351,061 | $54.3M | Add +1.3% |
| XOM Exxon Mobil Corp. | 2.44% | 512,125 | $54.2M | Reduce -0.5% |
| TFC Truist Financial Corp. | 2.44% | 1,247,422 | $54.1M | Add +0.5% |
| UL Unilever PLC | 2.21% | 863,801 | $49.0M | Add +0.6% |
| JNJ Johnson & Johnson | 2.19% | 339,526 | $48.7M | Reduce -1.8% |
| PEP Pepsico Inc. | 2.16% | 315,840 | $47.9M | Add +0.9% |
| KMB Kimberly-Clark Corp. | 2.09% | 354,631 | $46.3M | Add +1.0% |
| ED Consolidated Edison Inc. | 2.02% | 502,903 | $44.8M | Add +0.7% |
| TXN Texas Instruments Inc. | 2.01% | 237,479 | $44.6M | Add +1.1% |
| GIS General Mills Inc. | 1.95% | 684,988 | $43.4M | Reduce -0.8% |
| VZ Verizon Communications Inc. | 1.92% | 1,074,430 | $42.5M | Reduce -1.1% |
| PFE Pfizer Inc. | 1.23% | 1,032,856 | $27.3M | Reduce -35.1% |
| NVDA Nvidia Corp. | 1.13% | 182,764 | $25.1M | Reduce -3.6% |
| KO The Coca-Cola Co. | 0.70% | 249,437 | $15.5M | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 0.66% | 24,704 | $14.6M | Add +40.1% |
| XLV SS Health Care Select Sector | 0.60% | 97,418 | $13.4M | Add +1163.2% |
| CAT Caterpillar Inc. | 0.60% | 36,814 | $13.4M | Add +1.9% |
| AMZN Amazon.com Inc. | 0.57% | 57,438 | $12.7M | Add +2.8% |
| GOOGL Alphabet Inc. Class A | 0.51% | 59,438 | $11.4M | Add +3.7% |
| DE Deere & Co. | 0.47% | 24,728 | $10.5M | Add +2.0% |
| ORCL Oracle Corp. | 0.47% | 62,163 | $10.4M | Add +0.4% |
| V Visa Inc. Class A | 0.45% | 31,446 | $9.9M | Add +1.0% |
| BX Blackstone Inc. | 0.44% | 57,212 | $9.8M | Reduce -0.3% |
| GS Goldman Sachs Group Inc. | 0.41% | 15,868 | $9.1M | Add +0.9% |
| META Meta Platforms Inc. Class A | 0.40% | 15,050 | $8.9M | Add +4.4% |
| CSCO Cisco Systems Inc. | 0.39% | 145,248 | $8.6M | Add +2.8% |
| AFL Aflac Inc. | 0.38% | 82,196 | $8.5M | Reduce -2.4% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.36% | 66,719 | $8.1M | Add +2.6% |
| ABT Abbott Laboratories | 0.35% | 68,653 | $7.7M | Add +5.3% |
| MA Mastercard Inc. Class A | 0.34% | 14,526 | $7.6M | Add +4.6% |
| VMC Vulcan Materials Co. | 0.32% | 27,780 | $7.2M | Add +0.1% |
| SYK Stryker Corp. | 0.32% | 19,708 | $7.1M | Add +3.2% |
| SHW The Sherwin-Williams Co. | 0.32% | 20,854 | $7.1M | Add +2.5% |
| ACN Accenture PLC Class A | 0.31% | 19,375 | $6.8M | Add +4.2% |
| CARR Carrier Global Corp. | 0.29% | 95,071 | $6.5M | Add +2.9% |
| AMD Advanced Micro Devices | 0.28% | 50,466 | $6.2M | Add +6.3% |
| TGT Target Corp. | 0.26% | 42,199 | $5.7M | Add +1.7% |
| AXP American Express Co. | 0.25% | 18,823 | $5.6M | Add +1.8% |
| GL Globe Life Inc. | 0.24% | 48,099 | $5.3M | Reduce -1.7% |
| LLY Eli Lilly & Co. | 0.23% | 6,500 | $5.0M | Reduce -0.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 8,448 | $5.0M | Add +253.2% |
| WMT Walmart Inc. | 0.19% | 46,744 | $4.2M | Reduce -1.6% |
| VOO Vanguard S&P 500 ETF | 0.19% | 7,617 | $4.1M | Reduce -9.2% |
| AVGO Broadcom Inc. | 0.18% | 16,863 | $4.0M | Add +814.0% |
| SNV Synovus Financial Corp. | 0.16% | 67,843 | $3.5M | Reduce -12.3% |
| RF Regions Financial Corp. | 0.15% | 140,279 | $3.3M | Add +0.5% |
| MRK Merck & Co. Inc. | 0.14% | 30,663 | $3.0M | Reduce -0.1% |
| PM Philip Morris International | 0.12% | 21,586 | $2.6M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 0.11% | 12,642 | $2.4M | Add +5.9% |
| MO Altria Group Inc. | 0.10% | 41,088 | $2.1M | Add +0.1% |
| VGSH Vanguard Short-Term Treasury | 0.09% | 35,204 | $2.0M | New |
| GGG Graco Inc. | 0.09% | 23,791 | $2.0M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 3,744 | $1.9M | Add +2.7% |
| T AT&T Inc. | 0.09% | 85,372 | $1.9M | Add +0.7% |
| AON Aon PLC Class A | 0.09% | 5,272 | $1.9M | No change |
| GLD SPDR Gold Shares | 0.08% | 7,764 | $1.9M | Add +1.4% |
| COST Costco Wholesale Corp. | 0.08% | 1,905 | $1.8M | Add +3.0% |
| MLI Mueller Industries Inc. | 0.08% | 22,000 | $1.8M | No change |
| HON Honeywell International Inc. | 0.08% | 7,405 | $1.7M | Add +5.0% |
| CR Crane Co. | 0.08% | 11,000 | $1.7M | No change |
| RSG Republic Services Inc. | 0.07% | 8,122 | $1.6M | Reduce -5.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.07% | 19,927 | $1.6M | Add +12.7% |
| MOD Modine Manufacturing Co. | 0.07% | 13,000 | $1.5M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 34,700 | $1.5M | Reduce -18.3% |
| WFC Wells Fargo & Co. | 0.07% | 21,545 | $1.5M | Add +0.9% |
| GPC Genuine Parts Co. | 0.07% | 13,016 | $1.5M | Add +0.0% |
| WM Waste Management Inc. | 0.06% | 6,788 | $1.4M | No change |
| NOC Northrop Grumman Corp. | 0.06% | 2,870 | $1.3M | Add +3.6% |
| WELL Welltower Inc. | 0.06% | 10,700 | $1.3M | No change |
| DUK Duke Energy Corp. | 0.06% | 12,316 | $1.3M | Add +1.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.06% | 16,936 | $1.3M | No change |
| OKE Oneok Inc. | 0.06% | 12,269 | $1.2M | No change |
| TXT Textron Inc. | 0.05% | 15,400 | $1.2M | No change |
| HRI Herc Holdings Inc. filed as HERC HLDGS INC | 0.05% | 6,200 | $1.2M | No change |
| VONE Vanguard Russell 1000 | 0.05% | 4,366 | $1.2M | No change |
| GATX Gatx Corp. | 0.05% | 7,512 | $1.2M | No change |
| MDLZ Mondelez International Inc. Class A | 0.05% | 18,847 | $1.1M | Reduce -0.0% |
| UCB United Community Banks | 0.05% | 34,558 | $1.1M | Reduce -8.4% |
| WTS Watts Water Technologies-A | 0.05% | 5,400 | $1.1M | No change |
| XLE SS Energy Select Sector | 0.05% | 12,869 | $1.1M | Add +5.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.05% | 11,899 | $1.1M | Add +2.7% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AP.WS Ampco-Pittsburgh Corp. -CW25 | *W EXP 08/01/202 | 12,000 | $2K | No change |
Total filed on the 13F, all lines: $2.2B.
Portfolio Sells Q3 2024 → Q4 2024
| PFE Pfizer Inc. | Reduce -35.1% | 1.23% | −0.77 |
| NEE Nextera Energy Inc. | Reduce -0.7% | 2.59% | −0.38 |
| GIS General Mills Inc. | Reduce -0.8% | 1.95% | −0.26 |
| JNJ Johnson & Johnson | Reduce -1.8% | 2.19% | −0.24 |
| VZ Verizon Communications Inc. | Reduce -1.1% | 1.92% | −0.20 |
| SO The Southern Co. | Reduce -0.7% | 2.90% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 2.44% | −0.18 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.16 |
| RTX RTX Corp. | Reduce -0.3% | 2.81% | −0.05 |
| AFL Aflac Inc. | Reduce -2.4% | 0.38% | −0.03 |
| LLY Eli Lilly & Co. | Reduce -0.7% | 0.23% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 0.14% | −0.02 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.01 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.01 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.01 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.01 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.01 |
| BF.A Brown-Forman Corp. Class A | Sold out | 0.00% | −0.01 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.01 |
| LRCX Lam Research Corp. | Sold out | 0.00% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.0% | 0.05% | −0.01 |
| NKE Nike Inc. Class B | Sold out | 0.00% | −0.01 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.01 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.01 |
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Reduce -3.9% | 0.04% | −0.01 |
| F Ford Motor Co. | Sold out | 0.00% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -9.2% | 0.19% | −0.01 |
| COP Conocophillips | Reduce -9.7% | 0.04% | −0.01 |
| SSBK Southern States Bancshares | Reduce -44.7% | 0.01% | −0.01 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.01 |
| BAC Bank of America Corp. | Reduce -18.3% | 0.07% | −0.00 |
| MPT Medical Properties Trust Inc. | Reduce -16.3% | 0.01% | −0.00 |
| MPC Marathon Petroleum Corp. | Reduce -7.8% | 0.01% | −0.00 |
| WRAP Wrap Technologies Inc. | Sold out | 0.00% | −0.00 |
| LEXX Lexaria Bioscience Corp. | Sold out | 0.00% | −0.00 |
| PSX Phillips 66 | Reduce -4.2% | 0.02% | −0.00 |
| INTC Intel Corp. | Reduce -3.5% | 0.01% | −0.00 |
| HAL Halliburton Co. | Reduce -7.8% | 0.01% | −0.00 |
| RSG Republic Services Inc. | Reduce -5.7% | 0.07% | −0.00 |
| YUM Yum! Brands Inc. | Reduce -3.8% | 0.03% | −0.00 |
| D Dominion Energy Inc. | Reduce -3.0% | 0.02% | −0.00 |
| ETN Eaton Corp. PLC | Reduce -5.3% | 0.04% | −0.00 |
| PARAA Paramount Global Class B | Reduce -8.3% | 0.01% | −0.00 |
| ADP Automatic Data Processing | Reduce -9.5% | 0.02% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.7% | 0.01% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -2.6% | 0.01% | +0.00 |
| ORLY O'reilly Automotive Inc. | Reduce -1.1% | 0.01% | +0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| XLV SS Health Care Select Sector | Add +1163.2% | 0.60% | +0.55 |
| IVV iShares Core S&P 500 ETF | Add +40.1% | 0.66% | +0.22 |
| AVGO Broadcom Inc. | Add +814.0% | 0.18% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +253.2% | 0.22% | +0.16 |
| TFC Truist Financial Corp. | Add +0.5% | 2.44% | +0.13 |
| AMZN Amazon.com Inc. | Add +2.8% | 0.57% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +3.7% | 0.51% | +0.10 |
| MSFT Microsoft Corp. | Add +0.2% | 3.85% | +0.09 |
| VGSH Vanguard Short-Term Treasury | New | 0.09% | +0.09 |
| V Visa Inc. Class A | Add +1.0% | 0.45% | +0.07 |
| GS Goldman Sachs Group Inc. | Add +0.9% | 0.41% | +0.07 |
| CVX Chevron Corp. | Add +2.0% | 2.54% | +0.07 |
| CSCO Cisco Systems Inc. | Add +2.8% | 0.39% | +0.06 |
| MA Mastercard Inc. Class A | Add +4.6% | 0.34% | +0.05 |
| META Meta Platforms Inc. Class A | Add +4.4% | 0.40% | +0.04 |
| XLP SS Consumer Staples Sel Sect | New | 0.04% | +0.04 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.04% | +0.04 |
| AXP American Express Co. | Add +1.8% | 0.25% | +0.03 |
| DE Deere & Co. | Add +2.0% | 0.47% | +0.03 |
| TJX TJX Companies Inc. | Add +2.6% | 0.36% | +0.03 |
| XLC SS Comm Select Sector SPDR | New | 0.03% | +0.03 |
| ABT Abbott Laboratories | Add +5.3% | 0.35% | +0.03 |
| GOOG Alphabet Inc. Class C | Add +5.9% | 0.11% | +0.02 |
| ACN Accenture PLC Class A | Add +4.2% | 0.31% | +0.02 |
| SYK Stryker Corp. | Add +3.2% | 0.32% | +0.02 |
| VMC Vulcan Materials Co. | Add +0.1% | 0.32% | +0.02 |
| JEPI JPMorgan Equity Premium Inco | New | 0.02% | +0.02 |
| WFC Wells Fargo & Co. | Add +0.9% | 0.07% | +0.02 |
| PG The Procter & Gamble Co. | Add +0.7% | 2.45% | +0.02 |
| PLTR Palantir Technologies Inc. Class A | New | 0.02% | +0.02 |
| IYH iShares U.S. Healthcare ETF | New | 0.01% | +0.01 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.01% | +0.01 |
| DVY iShares Select Dividend ETF | Add +69.5% | 0.03% | +0.01 |
| IHE iShares US Pharmaceuticals E | New | 0.01% | +0.01 |
| HON Honeywell International Inc. | Add +5.0% | 0.08% | +0.01 |
| COIN Coinbase Global Inc. Class A | New | 0.01% | +0.01 |
| MINT PIMCO Enhanced Short Maturit | New | 0.01% | +0.01 |
| LOW Lowe's Cos Inc. | New | 0.01% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +2.7% | 0.09% | +0.01 |
| SHY iShares 1-3 Year Treasury Bo | Add +12.7% | 0.07% | +0.01 |
| SMBK Smartfinancial Inc. | New | 0.01% | +0.01 |
| BSX Boston Scientific Corp. | Add +70.8% | 0.02% | +0.01 |
| ORCL Oracle Corp. | Add +0.4% | 0.47% | +0.01 |
| RF Regions Financial Corp. | Add +0.5% | 0.15% | +0.01 |
| COST Costco Wholesale Corp. | Add +3.0% | 0.08% | +0.01 |
| T AT&T Inc. | Add +0.7% | 0.09% | +0.01 |
| ET Energy Transfer LP | Add +1.4% | 0.03% | +0.01 |
| MO Altria Group Inc. | Add +0.1% | 0.10% | +0.01 |
| BLK BlackRock Finance Inc. | Add +0.1% | 0.03% | +0.00 |
| XLK SS Technology Select Sector | Add +3.0% | 0.04% | +0.00 |
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 |