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

0$1.0B$2.0B$3.0B Q1 2024: $2.0B Q1 2024 Q2 2024: $2.1B Q2 2024 Q3 2024: $2.3B Q3 2024 Q4 2024: $2.2B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $2.4B Q2 2025 Q3 2025: $2.6B Q3 2025 Q4 2025: $2.6B $2.6B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $2.9B Q2 2026

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
NVS Novartis AG-Sponsored ADR 0.05% 9,656 $1.3M Add +2.0%
VTI VG Morningstar TS MKT ETF-US 0.05% 3,950 $1.3M Add +33.8%
VONE Vanguard Russell 1000 0.05% 4,237 $1.3M No change
GATX Gatx Corp. 0.05% 7,512 $1.3M No change
NEM Newmont Corp. 0.05% 12,357 $1.2M Add +1.4%
BLK BlackRock Inc. 0.05% 1,139 $1.2M Add +6.2%
ORLY O'reilly Automotive Inc. 0.05% 13,342 $1.2M Add +0.8%
XLK SS Technology Select Sector 0.04% 8,075 $1.2M Add +23.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 10,128 $1.2M Add +0.8%
STT State Street Corp. 0.04% 8,683 $1.1M Add +0.3%
COP Conocophillips 0.04% 11,663 $1.1M Reduce -0.9%
RY Royal Bank of Canada 0.04% 6,403 $1.1M No change
OKE Oneok Inc. 0.04% 14,737 $1.1M Add +4.8%
XYL Xylem Inc. 0.04% 7,802 $1.1M No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.04% 11,528 $1.1M Reduce -5.8%
MDLZ Mondelez International Inc. Class A 0.04% 19,423 $1.0M Reduce -0.8%
VYM Vanguard High DVD Yield ETF 0.04% 7,110 $1.0M Add +17.5%
CB Chubb Ltd. 0.04% 3,237 $1.0M Add +0.5%
VXUS Vanguard Total Intl Stock 0.04% 13,239 $999K No change
SMH Vaneck Semiconductor ETF 0.04% 2,735 $985K Reduce -4.8%
IVW iShares S&P 500 Growth ETF 0.04% 7,875 $971K Reduce -3.7%
UCB United Community Banks 0.04% 31,083 $970K Reduce -10.1%
PLTR Palantir Technologies Inc. Class A 0.04% 5,351 $951K Add +6.0%
NFLX Netflix Inc. 0.04% 9,894 $928K Add +10.3%
URI United Rentals Inc. 0.04% 1,129 $914K Add +0.8%
PTLC Pacer Trendpilot US Large Ca 0.03% 16,238 $903K Reduce -2.0%
NSC Norfolk Southern Corp. 0.03% 3,123 $902K Reduce -2.8%
BATRA Atlanta Braves Holdings in-A 0.03% 20,976 $891K No change
BA The Boeing Co. 0.03% 4,048 $879K Add +49.6%
VGT Vanguard Info Tech ETF 0.03% 1,145 $863K Add +34.4%
HRI Herc Holdings Inc. filed as HERC HLDGS INC 0.03% 5,800 $861K No change
NPO Enpro Inc. 0.03% 4,000 $857K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.03% 2,942 $854K Add +0.1%
ETN Eaton Corp. PLC 0.03% 2,659 $847K Add +1.6%
VWO Vanguard Ftse Emerging Marke 0.03% 15,611 $839K Reduce -11.7%
YUM Yum! Brands Inc. 0.03% 5,456 $825K Add +1.1%
NFG National Fuel Gas Co. 0.03% 10,108 $809K No change
GD General Dynamics Corp. 0.03% 2,391 $805K Reduce -0.1%
ACA Arcosa Inc. 0.03% 7,500 $797K No change
IWM iShares Russell 2000 ETF 0.03% 3,135 $772K Add +41.9%
IYK iShares US Consumer Staples 0.03% 11,467 $767K New
XLV SS Health Care Select Sector 0.03% 4,818 $746K New
UTG Reaves Utility Income Fund 0.03% 19,729 $722K Reduce -7.1%
VIG Vanguard Dividend Apprec ETF 0.03% 3,157 $694K Add +5.2%
FLS Flowserve Corp. 0.03% 9,850 $683K No change
IEX Idex Corp. 0.03% 3,707 $660K Add +0.2%
XLE SS Energy Select Sector 0.03% 14,613 $653K Add +13.9%
FANG Diamondback Energy Inc. 0.03% 4,341 $653K Reduce -15.1%
PNC PNC Financial Services Group 0.03% 3,118 $651K Add +1.3%
GE General Electric filed as GE AEROSPACE 0.03% 2,106 $649K Add +50.3%
SONY Sony Group Corp. - SP ADR 0.02% 25,156 $644K Reduce -0.9%
MLM Martin Marietta Materials 0.02% 1,015 $632K Reduce -1.9%
BMY Bristol-Myers Squibb Co. 0.02% 11,711 $632K Add +6.5%
MSGS Madison Square Garden Sports 0.02% 2,439 $631K No change
TMO Thermo Fisher Scientific Inc. 0.02% 1,070 $620K Reduce -4.2%
UNP Union Pacific Corp. 0.02% 2,634 $609K Add +0.7%
XLC SS Comm Select Sector SPDR 0.02% 5,084 $598K Add +27.6%
AD Array Digital Infrastructure 0.02% 11,000 $590K No change
COF Capital One Financial Corp. 0.02% 2,426 $588K Add +0.6%
ETR Entergy Corp. 0.02% 6,303 $583K Reduce -0.6%
SPG Simon Property Group Inc. 0.02% 3,116 $577K Add +4.7%
VUG Vanguard Mrngstar GR ETF-Sui 0.02% 1,142 $557K Reduce -2.6%
ET Energy Transfer LP 0.02% 33,158 $547K Add +6.8%
CAH Cardinal Health Inc. 0.02% 2,660 $547K Add +74.1%
INTC Intel Corp. 0.02% 14,523 $536K Add +1.5%
CNH CNH Industrial NV 0.02% 58,118 $536K No change
VEA Vanguard Ftse Developed ETF 0.02% 8,513 $532K Reduce -18.7%
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 19,536 $532K No change
CEG Constellation Energy 0.02% 1,487 $525K Add +6.6%
GILD Gilead Sciences Inc. 0.02% 4,184 $514K Add +6.0%
ADP Automatic Data Processing 0.02% 1,949 $501K Add +1.9%
RHP Ryman Hospitality Properties 0.02% 5,250 $497K No change
AMAT Applied Materials Inc. 0.02% 1,918 $493K Add +10.2%
PRA Proassurance Corp. 0.02% 20,326 $491K Add +39.0%
NDAQ Nasdaq Inc. 0.02% 5,029 $488K Add +1.6%
ZBH Zimmer Biomet Holdings Inc. 0.02% 5,350 $481K Reduce -3.6%
USMV iShares MSCI USA Min Vol Fac 0.02% 5,104 $481K New
SCHK Schwab 1000 Index ETF 0.02% 14,380 $472K No change
IEI iShares 3-7 Year Treasury Bo 0.02% 3,917 $468K Add +1.2%
CRM Salesforce Inc. 0.02% 1,764 $467K Add +5.7%
D Dominion Energy Inc. 0.02% 7,922 $464K Add +3.6%
FE Firstenergy Corp. 0.02% 10,365 $464K Add +0.3%
IDA Idacorp Inc. 0.02% 3,656 $463K No change
GPN Global Payments Inc. 0.02% 5,835 $452K No change
BSX Boston Scientific Corp. 0.02% 4,718 $450K Add +1.7%
UL Unilever PLC-Sponsored ADR 0.02% 6,838 $447K Reduce -21.9%
VMI Valmont Industries 0.02% 1,100 $443K No change
PRF Invesco Rafi US 1000 ETF 0.02% 9,294 $436K No change
NUE Nucor Corp. 0.02% 2,661 $434K Add +5.0%
KMI Kinder Morgan Inc. 0.02% 15,775 $434K Add +34.0%
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.02% 3,072 $434K No change
NTRS Northern Trust Corp. 0.02% 3,153 $431K No change
PSX Phillips 66 0.02% 3,337 $431K Add +0.8%
EFA iShares MSCI Eafe ETF 0.02% 4,460 $428K New
TRV The Travelers Cos Inc. 0.02% 1,467 $426K Add +1.2%
MS Morgan Stanley 0.02% 2,371 $421K Add +4.0%
DEO Diageo PLC-Sponsored ADR 0.02% 4,872 $420K Reduce -11.4%
ITT Itt Inc. 0.02% 2,402 $417K No change
LOW Lowe's Cos Inc. 0.02% 1,712 $413K Add +60.5%
IHI iShares U.S. Medical Devices 0.02% 6,630 $412K No change
RNR Renaissancere Holdings Ltd. 0.02% 1,450 $408K Reduce -1.5%
CRGY Crescent Energy Inc. Class A 0.02% 48,396 $406K No change
ES Eversource Energy 0.02% 6,023 $406K Add +1.5%
IRM Iron Mountain Inc. filed as IRON MTN INC DEL 0.02% 4,781 $397K Add +5.5%
TSPA T Rowe Price US Eqy Research 0.02% 9,238 $395K No change
EPD Enterprise Products Partners 0.02% 12,242 $392K Add +1.7%
IDV iShares International Select 0.02% 9,906 $391K New
XEL Xcel Energy Inc. 0.01% 5,279 $390K No change
IJH iShares Core S&P Midcap ETF 0.01% 5,906 $390K Reduce -19.1%
MUB iShares National Muni Bond E 0.01% 3,629 $389K New
AMGN Amgen Inc. 0.01% 1,182 $387K Add +8.2%
AZZ Azz Inc. 0.01% 3,500 $375K No change
GFF Griffon Corp. 0.01% 5,000 $368K No change
MPC Marathon Petroleum Corp. 0.01% 2,264 $368K Reduce -3.7%
ISRG Intuitive Surgical Inc. 0.01% 639 $362K Add +26.5%
LRCX Lam Research Corp. 0.01% 2,098 $359K Add +7.2%
ALL Allstate Corp. 0.01% 1,722 $358K Reduce -1.4%
GEV GE Vernova Inc. 0.01% 546 $357K Add +30.6%
AEM Agnico Eagle Mines Ltd. 0.01% 2,103 $357K Add +0.8%
CMCSA Comcast Corp. Class A 0.01% 11,766 $352K Add +8.0%
FBK FB Financial Corp. filed as FB FINL CORP 0.01% 6,127 $342K No change
HAL Halliburton Co. 0.01% 12,081 $341K Add +0.5%
CRWD CrowdStrike Holdings Inc. Class A 0.01% 724 $339K Add +28.6%
SXT Sensient Technologies Corp. 0.01% 3,600 $338K No change
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.01% 818 $338K No change
POST Post Holdings Inc. filed as POST HLDGS INC 0.01% 3,400 $337K No change
NLY Annaly Capital Management Inc. 0.01% 14,671 $328K No change
APD Air Products & Chemicals Inc. 0.01% 1,297 $320K Reduce -0.3%
CDNS Cadence Design SYS Inc. 0.01% 1,013 $317K Add +1.3%
DXJ Wisdomtree Japan Hedged Eq 0.01% 2,196 $317K No change
OEF iShares S&P 100 ETF 0.01% 920 $316K Add +12.2%
SHOP Shopify Inc. Class A 0.01% 1,957 $315K New
LHX L3HARRIS Technologies Inc. 0.01% 1,068 $314K Add +11.8%
ROST Ross Stores Inc. 0.01% 1,739 $313K Add +8.3%
TRN Trinity Industries Inc. 0.01% 11,500 $304K No change
SHEL Shell PLC-ADR 0.01% 4,115 $302K Add +4.7%
PBT Permian Basin Royalty Trust 0.01% 17,798 $302K No change
PULS Pgim Ultra Short Bond ETF 0.01% 6,043 $300K New
IAU iShares Gold Trust 0.01% 3,661 $297K New
ACIC American Coastal Insurance C 0.01% 23,288 $294K No change
TGNA Tegna Inc. 0.01% 15,000 $291K No change
SBUX Starbucks Corp. 0.01% 3,455 $291K Reduce -45.3%
CLX Clorox Company 0.01% 2,864 $289K Add +30.6%
VXF Vanguard Extended Market ETF 0.01% 1,365 $285K No change
IJR iShares Core S&P Small-Cap E 0.01% 2,368 $285K Reduce -19.4%
GDX Vaneck Gold Miners ETF 0.01% 3,302 $283K Reduce -13.8%
TECK Teck Resources Ltd.-CLS B 0.01% 5,899 $283K Add +3.5%
CHE Chemed Corp. 0.01% 660 $282K No change
DG Dollar General Corp. 0.01% 2,118 $281K Reduce -2.3%
BBUS JPMorgan Betabuilders US Equ 0.01% 2,227 $275K No change
VDE Vanguard Energy ETF 0.01% 2,141 $270K Reduce -1.2%
REGN Regeneron Pharmaceuticals 0.01% 349 $269K Reduce -2.5%
SPLV Invesco S&P 500 Low Volatili 0.01% 3,762 $269K New
AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO 0.01% 4,018 $263K New
MMM 3M Co. 0.01% 1,634 $262K Add +0.1%
CXT Crane NXT Co. 0.01% 5,500 $259K No change
VFH Vanguard Financials ETF 0.01% 1,939 $259K Add +3.6%
IJS iShares S&P Small-Cap 600 Va 0.01% 2,270 $258K Reduce -10.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.01% 1,336 $255K Reduce -10.8%
JEPI JPMorgan Equity Premium Inco 0.01% 4,454 $255K Add +0.3%
LIN Linde PLC 0.01% 594 $253K Add +0.8%
SCHX Schwab US Large-Cap ETF 0.01% 9,378 $252K No change
MCHP Microchip Technology Inc. 0.01% 3,917 $250K Add +0.6%
SLB SLB Ltd. filed as SLB LIMITED 0.01% 6,499 $249K Add +1.8%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.01% 893 $249K No change
OBDC Blue Owl Capital Corp. 0.01% 19,771 $246K Add +2.8%
AEE Ameren Corporation 0.01% 2,450 $245K Add +1.7%
LNT Alliant Energy Corp. 0.01% 3,709 $241K Reduce -9.3%
LVS Las Vegas Sands Corp. 0.01% 3,704 $241K New
SMBK Smartfinancial Inc. 0.01% 6,499 $240K No change
KGC Kinross Gold Corp. 0.01% 8,499 $239K New
PSLV Sprott Physical Silver Trust 0.01% 9,993 $236K New
IWR iShares Russell Mid-Cap ETF 0.01% 2,447 $236K Add +5.4%
MCK McKesson Corp. 0.01% 287 $235K New
VT Vanguard Tot World STK ETF 0.01% 1,658 $234K Add +3.4%
USB US Bancorp 0.01% 4,367 $233K Reduce -13.3%
FSLR First Solar Inc. 0.01% 890 $232K New
HWC Hancock Whitney Corp. 0.01% 3,643 $232K No change
FBIN Fortune Brands Innovations I 0.01% 4,621 $231K No change
CADE Cadence Bank 0.01% 5,371 $230K Add +0.0%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.01% 3,950 $230K No change
MPT Medical Properties Trust Inc. 0.01% 45,874 $229K Add +8.4%
FDX FedEx Corp. 0.01% 793 $229K New
IP International Paper Co. 0.01% 5,804 $229K No change
DAL Delta Air Lines Inc. 0.01% 3,282 $228K New
COIN Coinbase Global Inc. Class A 0.01% 1,000 $226K No change
PPG PPG Industries Inc. 0.01% 2,181 $223K Add +0.5%
VB Vanguard Most SM-Cap ETF-Usd 0.01% 860 $222K Add +0.1%
RIVN Rivian Automotive Inc. Class A 0.01% 11,076 $218K Reduce -0.4%
HUBB Hubbell Inc. 0.01% 490 $218K No change
BABA Alibaba Group Holding-SP ADR 0.01% 1,461 $214K Add +1.3%
C Citigroup Inc. 0.01% 1,833 $214K New
CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT 0.01% 7,119 $210K New
IBIT iShares Bitcoin Trust ETF 0.01% 4,224 $210K Reduce -6.6%
PCAR Paccar Inc. 0.01% 1,896 $208K Reduce -67.5%
VNQ Vanguard Real Estate ETF 0.01% 2,315 $205K New
ITW Illinois Tool Works 0.01% 829 $204K Reduce -1.4%
ZDGE Zedge Inc. Class B 0.01% 45,671 $150K No change
SJT San Juan Basin Royalty TR 0.00% 22,008 $124K No change
ABEV Ambev SA-ADR 0.00% 45,491 $112K Add +2.9%
BITF Bitfarms Ltd./Canada 0.00% 32,740 $77K No change
MTR Mesa Royalty Trust 0.00% 16,370 $69K No change
GTN Gray Media Inc. 0.00% 12,369 $60K No change
OPEN Opendoor Technologies Inc. 0.00% 10,000 $58K New
UROY Uranium Royalty Corp. 0.00% 14,110 $50K Reduce -19.9%
WWR Westwater Resources Inc. 0.00% 22,954 $17K No change
CTM Castellum Inc. 0.00% 10,000 $9K New

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 320$2.9BAAPL, CSCO, ABBV, JPM, JNJ
Q1 2026 308$2.7BAAPL, RTX, CVX, XOM, JNJ
Q4 2025 307$2.6BAAPL, MSFT, RTX, JPM, IBM
Q3 2025 298$2.6BMSFT, AAPL, JPM, RTX, ABBV
Q2 2025 279$2.4BMSFT, IBM, JPM, AAPL, RTX
Q1 2025 265$2.3BSFBS, AAPL, MSFT, AJG, ABBV
Q4 2024 262$2.2BAAPL, SFBS, MSFT, JPM, IBM
Q3 2024 268$2.3BSFBS, MSFT, AAPL, IBM, ABBV
Q2 2024 266$2.1BMSFT, SFBS, AAPL, QCOM, JPM
Q1 2024 234$2.0BMSFT, SFBS, ABBV, HD, JPM