Welch Group, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 26, 2026), Welch Group, LLC reported 307 stock positions worth $2.6 billion. Its top holding was Apple (AAPL) at 3.9% of the portfolio, followed by Microsoft (MSFT, 3.9%) and RTX (RTX, 3.5%). Compared with Q3 2025, it opened 25 new positions, sold out of 16, added to 142 and reduced 72. The biggest buy was American Electric Power (AEP, shares +3869%) and the biggest sale General Mills (GIS, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.6B (Q4 2025)
- SEC Filing
- 0001443095-26-000001 ↗ filed Jan 26, 2026
Holdings Value
Holdings 307 stocks · $2.6B
| AAPL Apple Inc. | 3.94% | 375,861 | $102.2M | Reduce -0.6% |
| MSFT Microsoft Corp. | 3.85% | 206,681 | $100.0M | Reduce -0.2% |
| RTX RTX Corp. | 3.54% | 500,842 | $91.9M | Reduce -3.3% |
| JPM JPMorgan Chase & Co. | 3.49% | 281,039 | $90.6M | Reduce -1.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 3.33% | 291,893 | $86.5M | Reduce -3.1% |
| ABBV Abbvie Inc. | 3.24% | 367,597 | $84.0M | Reduce -0.8% |
| JNJ Johnson & Johnson | 3.03% | 380,080 | $78.7M | Reduce -0.9% |
| CSCO Cisco Systems Inc. | 2.87% | 965,959 | $74.4M | Reduce -0.0% |
| SFBS Servisfirst Bancshares Inc. | 2.78% | 1,003,503 | $72.0M | Add +2.0% |
| NEE Nextera Energy Inc. | 2.69% | 869,421 | $69.8M | Reduce -0.2% |
| SO The Southern Co. | 2.62% | 779,260 | $68.0M | Add +0.9% |
| QCOM Qualcomm Inc. | 2.55% | 386,404 | $66.1M | Add +0.7% |
| XOM Exxon Mobil Corp. | 2.54% | 548,346 | $66.0M | Add +0.8% |
| CVX Chevron Corp. | 2.53% | 429,985 | $65.5M | Add +0.7% |
| CINF Cincinnati Financial Corp. | 2.51% | 399,079 | $65.2M | Reduce -0.8% |
| TFC Truist Financial Corp. | 2.51% | 1,324,063 | $65.2M | Add +0.9% |
| MCD McDonald's Corp. | 2.50% | 212,229 | $64.9M | Add +1.2% |
| LMT Lockheed Martin Corp. | 2.47% | 132,684 | $64.2M | Add +1.5% |
| EMR Emerson Electric Co. | 2.45% | 479,571 | $63.6M | Reduce -0.6% |
| HD Home Depot Inc. | 2.43% | 183,438 | $63.1M | Add +2.6% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.29% | 229,225 | $59.3M | Add +1.2% |
| ED Consolidated Edison Inc. | 2.02% | 528,169 | $52.5M | Add +1.1% |
| PG The Procter & Gamble Co. | 1.92% | 347,845 | $49.8M | Add +0.9% |
| PFE Pfizer Inc. | 1.90% | 1,982,578 | $49.4M | Reduce -0.2% |
| CL Colgate-Palmolive Co. | 1.87% | 613,176 | $48.5M | Reduce -10.6% |
| VZ Verizon Communications Inc. | 1.86% | 1,182,228 | $48.2M | Add +1.4% |
| PEP Pepsico Inc. | 1.81% | 326,764 | $46.9M | Reduce -1.0% |
| TXN Texas Instruments Inc. | 1.76% | 263,129 | $45.7M | Add +2.3% |
| PAYX Paychex Inc. | 1.76% | 406,802 | $45.6M | Add +0.1% |
| AEP American Electric Power | 1.45% | 325,185 | $37.5M | Add +3868.6% |
| NVDA Nvidia Corp. | 1.27% | 176,997 | $33.0M | Reduce -2.9% |
| KMB Kimberly-Clark Corp. | 1.26% | 324,477 | $32.7M | Reduce -13.7% |
| CAT Caterpillar Inc. | 0.90% | 40,627 | $23.3M | Reduce -0.2% |
| GOOGL Alphabet Inc. Class A | 0.78% | 64,794 | $20.3M | Add +0.2% |
| PYLD PIMCO Multisector Bond Actv | 0.76% | 735,021 | $19.6M | New |
| KO The Coca-Cola Co. | 0.74% | 273,740 | $19.1M | Add +1.7% |
| AMZN Amazon.com Inc. | 0.58% | 65,396 | $15.1M | Add +3.8% |
| AMD Advanced Micro Devices | 0.56% | 67,622 | $14.5M | Reduce -5.1% |
| GS Goldman Sachs Group Inc. | 0.55% | 16,337 | $14.4M | Reduce -1.0% |
| V Visa Inc. Class A | 0.53% | 39,154 | $13.7M | Add +3.4% |
| ORCL Oracle Corp. | 0.51% | 68,286 | $13.3M | Add +1.3% |
| IVV iShares Core S&P 500 ETF | 0.51% | 19,139 | $13.1M | Add +4.8% |
| DE Deere & Co. | 0.48% | 27,013 | $12.6M | Add +2.9% |
| AVGO Broadcom Inc. | 0.45% | 33,567 | $11.6M | Add +0.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.44% | 75,098 | $11.5M | Add +0.9% |
| META Meta Platforms Inc. Class A | 0.42% | 16,525 | $10.9M | Add +4.2% |
| BX Blackstone Inc. | 0.40% | 66,949 | $10.3M | Add +4.5% |
| MU Micron Technology Inc. | 0.40% | 35,912 | $10.2M | Add +653.2% |
| ABT Abbott Laboratories | 0.39% | 81,285 | $10.2M | Add +4.8% |
| MA Mastercard Inc. Class A | 0.37% | 16,934 | $9.7M | Add +5.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.35% | 13,265 | $9.0M | Add +137.2% |
| SYK Stryker Corp. | 0.34% | 25,297 | $8.9M | Add +4.9% |
| LLY Eli Lilly & Co. | 0.32% | 7,686 | $8.3M | Add +2.3% |
| SHW The Sherwin-Williams Co. | 0.32% | 25,382 | $8.2M | Add +5.7% |
| VMC Vulcan Materials Co. | 0.30% | 27,492 | $7.8M | Reduce -1.3% |
| PANW Palo Alto Networks Inc. | 0.29% | 41,149 | $7.6M | Add +5.8% |
| ACN Accenture PLC Class A | 0.28% | 27,045 | $7.3M | Reduce -1.2% |
| AXP American Express Co. | 0.27% | 18,892 | $7.0M | Add +0.1% |
| XLP SS Consumer Staples Sel Sect | 0.26% | 86,675 | $6.7M | New |
| CARR Carrier Global Corp. | 0.26% | 126,006 | $6.7M | Add +7.3% |
| GL Globe Life Inc. | 0.25% | 46,875 | $6.6M | Reduce -1.0% |
| VOO Vanguard S&P 500 ETF | 0.24% | 9,972 | $6.3M | Add +14.3% |
| TGT Target Corp. | 0.23% | 61,530 | $6.0M | Reduce -11.3% |
| AFL Aflac Inc. | 0.23% | 53,635 | $5.9M | Reduce -18.0% |
| WMT Walmart Inc. | 0.22% | 50,903 | $5.7M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 0.16% | 13,073 | $4.1M | Add +1.8% |
| RF Regions Financial Corp. | 0.15% | 147,472 | $4.0M | Reduce -2.6% |
| GLD SPDR Gold Shares | 0.15% | 9,639 | $3.8M | Add +15.2% |
| SHY iShares 1-3 Year Treasury Bo | 0.15% | 45,614 | $3.8M | Add +18.3% |
| VGSH Vanguard Short-Term Treasury | 0.14% | 63,425 | $3.7M | Add +16.7% |
| MRK Merck & Co. Inc. | 0.14% | 34,481 | $3.6M | Add +0.7% |
| PM Philip Morris International | 0.13% | 21,780 | $3.5M | Add +0.3% |
| SNV Synovus Financial Corp. | 0.13% | 67,623 | $3.4M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.10% | 4,324 | $2.7M | Reduce -15.0% |
| MLI Mueller Industries Inc. | 0.10% | 22,000 | $2.5M | No change |
| MO Altria Group Inc. | 0.09% | 42,196 | $2.4M | Add +2.5% |
| WFC Wells Fargo & Co. | 0.09% | 23,996 | $2.2M | Add +2.5% |
| T AT&T Inc. | 0.08% | 88,574 | $2.2M | Reduce -5.6% |
| GIS General Mills Inc. | 0.08% | 45,437 | $2.1M | Reduce -94.5% |
| CR Crane Co. | 0.08% | 11,000 | $2.0M | No change |
| WELL Welltower Inc. | 0.08% | 10,731 | $2.0M | Add +0.3% |
| COST Costco Wholesale Corp. | 0.08% | 2,286 | $2.0M | Add +26.4% |
| DVY iShares Select Dividend ETF | 0.08% | 13,958 | $2.0M | Add +199.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.08% | 16,936 | $2.0M | No change |
| WM Waste Management Inc. | 0.07% | 8,316 | $1.8M | Add +0.4% |
| AON Aon PLC Class A | 0.07% | 5,148 | $1.8M | Add +0.3% |
| GLDM SPDR Gold Minishares Trust | 0.07% | 21,040 | $1.8M | Add +37.4% |
| SLV iShares Silver Trust | 0.07% | 27,230 | $1.8M | Add +7.9% |
| MOD Modine Manufacturing Co. | 0.07% | 13,000 | $1.7M | No change |
| RSG Republic Services Inc. | 0.07% | 8,123 | $1.7M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 31,119 | $1.7M | Add +0.3% |
| GPC Genuine Parts Co. | 0.07% | 13,873 | $1.7M | Add +0.1% |
| GGG Graco Inc. | 0.07% | 20,653 | $1.7M | No change |
| NOC Northrop Grumman Corp. | 0.06% | 2,816 | $1.6M | Reduce -3.3% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.06% | 68,497 | $1.6M | Reduce -10.8% |
| DUK Duke Energy Corp. | 0.06% | 13,370 | $1.6M | Add +4.3% |
| WTS Watts Water Technologies-A | 0.06% | 5,400 | $1.5M | No change |
| HON Honeywell International Inc. | 0.06% | 7,579 | $1.5M | Reduce -1.8% |
| TSLA Tesla Inc. | 0.06% | 3,212 | $1.4M | Add +11.9% |
| TXT Textron Inc. | 0.05% | 15,400 | $1.3M | No change |
Options reported separately and not counted above: V puts ($701K), NVDA calls ($224K).
Portfolio Sells Q3 2025 → Q4 2025
| GIS General Mills Inc. | Reduce -94.5% | 0.08% | −1.54 |
| KMB Kimberly-Clark Corp. | Reduce -13.7% | 1.26% | −0.56 |
| MSFT Microsoft Corp. | Reduce -0.2% | 3.85% | −0.33 |
| CL Colgate-Palmolive Co. | Reduce -10.6% | 1.87% | −0.27 |
| ABBV Abbvie Inc. | Reduce -0.8% | 3.24% | −0.11 |
| PFE Pfizer Inc. | Reduce -0.2% | 1.90% | −0.07 |
| AFL Aflac Inc. | Reduce -18.0% | 0.23% | −0.06 |
| NVDA Nvidia Corp. | Reduce -2.9% | 1.27% | −0.06 |
| VMC Vulcan Materials Co. | Reduce -1.3% | 0.30% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 3.49% | −0.02 |
| T AT&T Inc. | Reduce -5.6% | 0.08% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -15.0% | 0.10% | −0.02 |
| EMR Emerson Electric Co. | Reduce -0.6% | 2.45% | −0.02 |
| K Kellanova | Sold out | 0.00% | −0.02 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.02 |
| PCAR Paccar Inc. | Reduce -67.5% | 0.01% | −0.01 |
| DNP DNP Select Income Fund Inc. | Sold out | 0.00% | −0.01 |
| GDXJ Vaneck Junior Gold Miners | Sold out | 0.00% | −0.01 |
| GL Globe Life Inc. | Reduce -1.0% | 0.25% | −0.01 |
| URA Global X Uranium ETF | Sold out | 0.00% | −0.01 |
| TGT Target Corp. | Reduce -11.3% | 0.23% | −0.01 |
| SBUX Starbucks Corp. | Reduce -45.3% | 0.01% | −0.01 |
| ADBE Adobe Inc. | Sold out | 0.00% | −0.01 |
| IR Ingersoll-Rand Inc. | Sold out | 0.00% | −0.01 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.01 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.01 |
| CTVA Corteva Inc. | Sold out | 0.00% | −0.01 |
| VVV Valvoline Inc. | Sold out | 0.00% | −0.01 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.01 |
| AOS Smith (a.o.) Corp. | Sold out | 0.00% | −0.01 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.8% | 0.04% | −0.01 |
| NOC Northrop Grumman Corp. | Reduce -3.3% | 0.06% | −0.01 |
| HON Honeywell International Inc. | Reduce -1.8% | 0.06% | −0.01 |
| UL Unilever PLC-Sponsored ADR | Reduce -21.9% | 0.02% | −0.01 |
| UTG Reaves Utility Income Fund | Reduce -7.1% | 0.03% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -11.7% | 0.03% | −0.01 |
| UCB United Community Banks | Reduce -10.1% | 0.04% | −0.00 |
| DEO Diageo PLC-Sponsored ADR | Reduce -11.4% | 0.02% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -18.7% | 0.02% | −0.00 |
| SONY Sony Group Corp. - SP ADR | Reduce -0.9% | 0.02% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -19.1% | 0.01% | −0.00 |
| MPC Marathon Petroleum Corp. | Reduce -3.7% | 0.01% | −0.00 |
| FANG Diamondback Energy Inc. | Reduce -15.1% | 0.03% | −0.00 |
| IBIT iShares Bitcoin Trust ETF | Reduce -6.6% | 0.01% | −0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -5.8% | 0.04% | −0.00 |
| NSC Norfolk Southern Corp. | Reduce -2.8% | 0.03% | −0.00 |
| SVM Silvercorp Metals Inc. | Sold out | 0.00% | −0.00 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -3.6% | 0.02% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -19.4% | 0.01% | −0.00 |
| PEP Pepsico Inc. | Reduce -1.0% | 1.81% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| AEP American Electric Power | Add +3868.6% | 1.45% | +1.41 |
| PYLD PIMCO Multisector Bond Actv | New | 0.76% | +0.76 |
| MU Micron Technology Inc. | Add +653.2% | 0.40% | +0.36 |
| XLP SS Consumer Staples Sel Sect | New | 0.26% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +137.2% | 0.35% | +0.20 |
| TFC Truist Financial Corp. | Add +0.9% | 2.51% | +0.17 |
| GOOGL Alphabet Inc. Class A | Add +0.2% | 0.78% | +0.17 |
| XOM Exxon Mobil Corp. | Add +0.8% | 2.54% | +0.15 |
| LLY Eli Lilly & Co. | Add +2.3% | 0.32% | +0.09 |
| QCOM Qualcomm Inc. | Add +0.7% | 2.55% | +0.06 |
| DVY iShares Select Dividend ETF | Add +199.4% | 0.08% | +0.05 |
| AMZN Amazon.com Inc. | Add +3.8% | 0.58% | +0.04 |
| KO The Coca-Cola Co. | Add +1.7% | 0.74% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +1.8% | 0.16% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +14.3% | 0.24% | +0.03 |
| GLD SPDR Gold Shares | Add +15.2% | 0.15% | +0.03 |
| IYK iShares US Consumer Staples | New | 0.03% | +0.03 |
| XLV SS Health Care Select Sector | New | 0.03% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +4.8% | 0.51% | +0.03 |
| MRK Merck & Co. Inc. | Add +0.7% | 0.14% | +0.03 |
| SLV iShares Silver Trust | Add +7.9% | 0.07% | +0.03 |
| AXP American Express Co. | Add +0.1% | 0.27% | +0.02 |
| TJX TJX Companies Inc. | Add +0.9% | 0.44% | +0.02 |
| V Visa Inc. Class A | Add +3.4% | 0.53% | +0.02 |
| GLDM SPDR Gold Minishares Trust | Add +37.4% | 0.07% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +18.3% | 0.15% | +0.02 |
| AVGO Broadcom Inc. | Add +0.9% | 0.45% | +0.02 |
| VGSH Vanguard Short-Term Treasury | Add +16.7% | 0.14% | +0.02 |
| USMV iShares MSCI USA Min Vol Fac | New | 0.02% | +0.02 |
| MA Mastercard Inc. Class A | Add +5.7% | 0.37% | +0.02 |
| EFA iShares MSCI Eafe ETF | New | 0.02% | +0.02 |
| DE Deere & Co. | Add +2.9% | 0.48% | +0.02 |
| WMT Walmart Inc. | Add +0.8% | 0.22% | +0.02 |
| IDV iShares International Select | New | 0.02% | +0.02 |
| MUB iShares National Muni Bond E | New | 0.01% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +33.8% | 0.05% | +0.01 |
| SHOP Shopify Inc. Class A | New | 0.01% | +0.01 |
| MCD McDonald's Corp. | Add +1.2% | 2.50% | +0.01 |
| CAH Cardinal Health Inc. | Add +74.1% | 0.02% | +0.01 |
| PULS Pgim Ultra Short Bond ETF | New | 0.01% | +0.01 |
| IAU iShares Gold Trust | New | 0.01% | +0.01 |
| BA The Boeing Co. | Add +49.6% | 0.03% | +0.01 |
| COST Costco Wholesale Corp. | Add +26.4% | 0.08% | +0.01 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.01% | +0.01 |
| AKRE Akre Focus ETF | New | 0.01% | +0.01 |
| WFC Wells Fargo & Co. | Add +2.5% | 0.09% | +0.01 |
| LVS Las Vegas Sands Corp. | New | 0.01% | +0.01 |
| KGC Kinross Gold Corp. | New | 0.01% | +0.01 |
| MCK McKesson Corp. | New | 0.01% | +0.01 |
| PSLV Sprott Physical Silver Trust | New | 0.01% | +0.01 |
Options Activity Q3 2025 → Q4 2025
| NVDA Nvidia Corp. | call | New | 1,200 | $224K |
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 |