Welch Group, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Welch Group, LLC reported 308 stock positions worth $2.7 billion. Its top holding was Apple (AAPL) at 3.6% of the portfolio, followed by RTX (RTX, 3.4%) and Chevron (CVX, 3.3%). Compared with Q4 2025, it opened 23 new positions, sold out of 22, added to 91 and reduced 92. The biggest buy was Chevron (CVX, shares +0%) and the biggest sale JPMorgan Chase (JPM, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001443095
- Portfolio Value
- $2.7B (Q1 2026)
- SEC Filing
- 0001443095-26-000004 ↗ filed Apr 21, 2026
Holdings Value
Holdings 308 stocks · $2.7B
| AAPL Apple Inc. | 3.58% | 375,212 | $95.2M | Reduce -0.2% |
| RTX RTX Corp. | 3.36% | 463,345 | $89.4M | Reduce -7.5% |
| CVX Chevron Corp. | 3.35% | 430,312 | $89.0M | Add +0.1% |
| XOM Exxon Mobil Corp. | 3.34% | 524,383 | $89.0M | Reduce -4.4% |
| JNJ Johnson & Johnson | 3.30% | 359,007 | $87.8M | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 3.06% | 277,004 | $81.5M | Reduce -1.4% |
| ABBV Abbvie Inc. | 2.99% | 365,933 | $79.6M | Reduce -0.5% |
| MSFT Microsoft Corp. | 2.98% | 214,123 | $79.3M | Add +3.6% |
| NEE Nextera Energy Inc. | 2.98% | 852,934 | $79.2M | Reduce -1.9% |
| LMT Lockheed Martin Corp. | 2.88% | 126,656 | $76.5M | Reduce -4.5% |
| SO The Southern Co. | 2.84% | 782,791 | $75.6M | Add +0.5% |
| CSCO Cisco Systems Inc. | 2.76% | 946,955 | $73.5M | Reduce -2.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 2.69% | 294,802 | $71.5M | Add +1.0% |
| SFBS Servisfirst Bancshares Inc. | 2.67% | 975,931 | $71.1M | Reduce -2.8% |
| MCD McDonald's Corp. | 2.51% | 215,074 | $66.8M | Add +1.3% |
| HD Home Depot Inc. | 2.35% | 190,518 | $62.7M | Add +3.9% |
| CINF Cincinnati Financial Corp. | 2.34% | 396,491 | $62.4M | Reduce -0.7% |
| TFC Truist Financial Corp. | 2.30% | 1,329,163 | $61.1M | Add +0.4% |
| EMR Emerson Electric Co. | 2.30% | 466,282 | $61.1M | Reduce -2.8% |
| VZ Verizon Communications Inc. | 2.27% | 1,203,860 | $60.4M | Add +1.8% |
| PFE Pfizer Inc. | 2.27% | 2,148,091 | $60.3M | Add +8.3% |
| ED Consolidated Edison Inc. | 2.25% | 529,096 | $59.9M | Add +0.2% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.06% | 253,012 | $54.8M | Add +10.4% |
| QCOM Qualcomm Inc. | 2.02% | 417,596 | $53.8M | Add +8.1% |
| PG The Procter & Gamble Co. | 2.01% | 370,354 | $53.5M | Add +6.5% |
| CL Colgate-Palmolive Co. | 2.01% | 626,828 | $53.4M | Add +2.2% |
| PEP Pepsico Inc. | 1.98% | 339,979 | $52.8M | Add +4.0% |
| TXN Texas Instruments Inc. | 1.95% | 267,292 | $51.9M | Add +1.6% |
| AEP American Electric Power | 1.85% | 376,452 | $49.3M | Add +15.8% |
| PAYX Paychex Inc. | 1.68% | 484,448 | $44.6M | Add +19.1% |
| KMB Kimberly-Clark Corp. | 1.62% | 447,054 | $43.1M | Add +37.8% |
| NVDA Nvidia Corp. | 1.16% | 176,675 | $30.8M | Reduce -0.2% |
| CAT Caterpillar Inc. | 1.04% | 39,108 | $27.7M | Reduce -3.7% |
| KO The Coca-Cola Co. | 0.78% | 273,685 | $20.8M | Reduce -0.0% |
| PYLD PIMCO Multisector Bond Actv | 0.75% | 758,878 | $19.9M | Add +3.3% |
| GOOGL Alphabet Inc. Class A | 0.69% | 63,649 | $18.3M | Reduce -1.8% |
| DE Deere & Co. | 0.57% | 27,061 | $15.2M | Add +0.2% |
| AMZN Amazon.com Inc. | 0.53% | 67,464 | $14.1M | Add +3.2% |
| AMD Advanced Micro Devices | 0.51% | 66,951 | $13.6M | Reduce -1.0% |
| GS Goldman Sachs Group Inc. | 0.51% | 16,006 | $13.5M | Reduce -2.0% |
| V Visa Inc. Class A | 0.47% | 40,998 | $12.4M | Add +4.7% |
| MU Micron Technology Inc. | 0.46% | 35,957 | $12.1M | Add +0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.45% | 75,257 | $12.0M | Add +0.2% |
| IVV iShares Core S&P 500 ETF | 0.45% | 18,252 | $11.9M | Reduce -4.6% |
| ORCL Oracle Corp. | 0.41% | 74,617 | $11.0M | Add +9.3% |
| AVGO Broadcom Inc. | 0.39% | 33,634 | $10.4M | Add +0.2% |
| META Meta Platforms Inc. Class A | 0.37% | 17,407 | $10.0M | Add +5.3% |
| TGT Target Corp. | 0.36% | 79,640 | $9.7M | Add +29.4% |
| BX Blackstone Inc. | 0.35% | 80,773 | $9.3M | Add +20.6% |
| MA Mastercard Inc. Class A | 0.34% | 18,305 | $9.1M | Add +8.1% |
| ABT Abbott Laboratories | 0.34% | 88,991 | $9.1M | Add +9.5% |
| SYK Stryker Corp. | 0.33% | 26,848 | $8.8M | Add +6.1% |
| SHW The Sherwin-Williams Co. | 0.32% | 26,902 | $8.6M | Add +6.0% |
| CARR Carrier Global Corp. | 0.30% | 143,179 | $8.1M | Add +13.6% |
| PANW Palo Alto Networks Inc. | 0.30% | 49,841 | $8.0M | Add +21.1% |
| VMC Vulcan Materials Co. | 0.28% | 27,492 | $7.5M | No change |
| AMAT Applied Materials Inc. | 0.28% | 21,881 | $7.5M | Add +1040.8% |
| LLY Eli Lilly & Co. | 0.26% | 7,649 | $7.0M | Reduce -0.5% |
| GL Globe Life Inc. | 0.24% | 46,461 | $6.5M | Reduce -0.9% |
| TSLA Tesla Inc. | 0.23% | 16,721 | $6.2M | Add +420.6% |
| WMT Walmart Inc. | 0.23% | 49,889 | $6.2M | Reduce -2.0% |
| AXP American Express Co. | 0.21% | 18,908 | $5.7M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.20% | 8,775 | $5.2M | Reduce -12.0% |
| AFL Aflac Inc. | 0.19% | 45,336 | $5.0M | Reduce -15.5% |
| GLDM SPDR Gold Minishares Trust | 0.17% | 49,521 | $4.6M | Add +135.4% |
| MRK Merck & Co. Inc. | 0.17% | 36,783 | $4.4M | Add +6.7% |
| NSC Norfolk Southern Corp. | 0.16% | 14,503 | $4.2M | Add +364.4% |
| RF Regions Financial Corp. | 0.15% | 150,235 | $3.9M | Add +1.9% |
| GLD SPDR Gold Shares | 0.15% | 9,070 | $3.9M | Reduce -5.9% |
| VGSH Vanguard Short-Term Treasury | 0.15% | 66,335 | $3.9M | Add +4.6% |
| GOOG Alphabet Inc. Class C | 0.14% | 13,111 | $3.8M | Add +0.3% |
| PM Philip Morris International | 0.13% | 21,466 | $3.5M | Reduce -1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.13% | 5,297 | $3.4M | Reduce -60.1% |
| MOD Modine Manufacturing Co. | 0.11% | 13,000 | $2.8M | No change |
| MO Altria Group Inc. | 0.10% | 42,241 | $2.8M | Add +0.1% |
| PNFP Pinnacle Financial Partners | 0.10% | 31,702 | $2.7M | New |
| QQQ Invesco QQQ Trust Series 1 | 0.10% | 4,426 | $2.6M | Add +2.4% |
| T AT&T Inc. | 0.09% | 86,777 | $2.5M | Reduce -2.0% |
| MLI Mueller Industries Inc. | 0.09% | 22,000 | $2.4M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.09% | 29,463 | $2.4M | Reduce -35.4% |
| WELL Welltower Inc. | 0.08% | 10,731 | $2.1M | No change |
| COST Costco Wholesale Corp. | 0.08% | 2,029 | $2.0M | Reduce -11.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.08% | 16,936 | $2.0M | No change |
| WFC Wells Fargo & Co. | 0.07% | 24,003 | $1.9M | Add +0.0% |
| NOC Northrop Grumman Corp. | 0.07% | 2,770 | $1.9M | Reduce -1.6% |
| WM Waste Management Inc. | 0.07% | 8,216 | $1.9M | Reduce -1.2% |
| CR Crane Co. | 0.07% | 11,000 | $1.9M | No change |
| RSG Republic Services Inc. | 0.07% | 8,123 | $1.8M | No change |
| GGG Graco Inc. | 0.07% | 20,653 | $1.7M | No change |
| HON Honeywell International Inc. | 0.06% | 7,579 | $1.7M | No change |
| DUK Duke Energy Corp. | 0.06% | 12,807 | $1.7M | Reduce -4.2% |
| AON Aon PLC Class A | 0.06% | 5,148 | $1.7M | No change |
| PLTR Palantir Technologies Inc. Class A | 0.06% | 11,002 | $1.6M | Add +105.6% |
| WTS Watts Water Technologies-A | 0.06% | 5,400 | $1.6M | No change |
| COP Conocophillips | 0.06% | 11,538 | $1.5M | Reduce -1.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.06% | 30,511 | $1.5M | Reduce -1.9% |
| SLV iShares Silver Trust | 0.06% | 21,791 | $1.5M | Reduce -20.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.06% | 4,595 | $1.5M | Add +16.3% |
| IEI iShares 3-7 Year Treasury Bo | 0.06% | 12,385 | $1.5M | Add +216.2% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.05% | 67,195 | $1.5M | Reduce -1.9% |
Options reported separately and not counted above: V puts ($604K), QQQ puts ($346K).
Portfolio Sells Q4 2025 → Q1 2026
| JPM JPMorgan Chase & Co. | Reduce -1.4% | 3.06% | −0.43 |
| AAPL Apple Inc. | Reduce -0.2% | 3.58% | −0.36 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.28 |
| ABBV Abbvie Inc. | Reduce -0.5% | 2.99% | −0.25 |
| XLP SS Consumer Staples Sel Sect | Reduce -91.9% | 0.02% | −0.24 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -60.1% | 0.13% | −0.22 |
| RTX RTX Corp. | Reduce -7.5% | 3.36% | −0.18 |
| CINF Cincinnati Financial Corp. | Reduce -0.7% | 2.34% | −0.17 |
| EMR Emerson Electric Co. | Reduce -2.8% | 2.30% | −0.16 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.13 |
| NVDA Nvidia Corp. | Reduce -0.2% | 1.16% | −0.12 |
| CSCO Cisco Systems Inc. | Reduce -2.0% | 2.76% | −0.11 |
| SFBS Servisfirst Bancshares Inc. | Reduce -2.8% | 2.67% | −0.11 |
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 0.69% | −0.09 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -4.6% | 0.45% | −0.06 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -35.4% | 0.09% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 0.26% | −0.05 |
| DVY iShares Select Dividend ETF | Reduce -66.6% | 0.03% | −0.05 |
| AMD Advanced Micro Devices | Reduce -1.0% | 0.51% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -2.0% | 0.51% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -12.0% | 0.20% | −0.04 |
| AFL Aflac Inc. | Reduce -15.5% | 0.19% | −0.04 |
| IYK iShares US Consumer Staples | Sold out | 0.00% | −0.03 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.03 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.01 |
| IVW iShares S&P 500 Growth ETF | Reduce -25.6% | 0.02% | −0.01 |
| GPC Genuine Parts Co. | Reduce -2.3% | 0.05% | −0.01 |
| SLV iShares Silver Trust | Reduce -20.0% | 0.06% | −0.01 |
| PULS Pgim Ultra Short Bond ETF | Sold out | 0.00% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -34.5% | 0.02% | −0.01 |
| TGNA Tegna Inc. | Sold out | 0.00% | −0.01 |
| XLK SS Technology Select Sector | Reduce -16.2% | 0.03% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.01 |
| BAC Bank of America Corp. | Reduce -1.9% | 0.06% | −0.01 |
| IJS iShares S&P Small-Cap 600 Va | Sold out | 0.00% | −0.01 |
| GL Globe Life Inc. | Reduce -0.9% | 0.24% | −0.01 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Reduce -4.5% | 0.04% | −0.01 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.01 |
| CRM Salesforce Inc. | Reduce -29.1% | 0.01% | −0.01 |
| VGT Vanguard Info Tech ETF | Reduce -19.5% | 0.02% | −0.01 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.01 |
| CADE Cadence Bank | Sold out | 0.00% | −0.01 |
| FBIN Fortune Brands Innovations I | Sold out | 0.00% | −0.01 |
| DAL Delta Air Lines Inc. | Sold out | 0.00% | −0.01 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −0.01 |
| BABA Alibaba Group Holding-SP ADR | Sold out | 0.00% | −0.01 |
| CGXU Cap Group Intl Focus | Sold out | 0.00% | −0.01 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| CVX Chevron Corp. | Add +0.1% | 3.35% | +0.82 |
| VZ Verizon Communications Inc. | Add +1.8% | 2.27% | +0.41 |
| AEP American Electric Power | Add +15.8% | 1.85% | +0.41 |
| PFE Pfizer Inc. | Add +8.3% | 2.27% | +0.36 |
| KMB Kimberly-Clark Corp. | Add +37.8% | 1.62% | +0.36 |
| AMAT Applied Materials Inc. | Add +1040.8% | 0.28% | +0.26 |
| ED Consolidated Edison Inc. | Add +0.2% | 2.25% | +0.23 |
| SO The Southern Co. | Add +0.5% | 2.84% | +0.22 |
| TXN Texas Instruments Inc. | Add +1.6% | 1.95% | +0.19 |
| TSLA Tesla Inc. | Add +420.6% | 0.23% | +0.18 |
| PEP Pepsico Inc. | Add +4.0% | 1.98% | +0.18 |
| CL Colgate-Palmolive Co. | Add +2.2% | 2.01% | +0.14 |
| TGT Target Corp. | Add +29.4% | 0.36% | +0.13 |
| NSC Norfolk Southern Corp. | Add +364.4% | 0.16% | +0.12 |
| GLDM SPDR Gold Minishares Trust | Add +135.4% | 0.17% | +0.10 |
| PNFP Pinnacle Financial Partners | New | 0.10% | +0.10 |
| PG The Procter & Gamble Co. | Add +6.5% | 2.01% | +0.09 |
| DE Deere & Co. | Add +0.2% | 0.57% | +0.09 |
| MU Micron Technology Inc. | Add +0.1% | 0.46% | +0.06 |
| CARR Carrier Global Corp. | Add +13.6% | 0.30% | +0.05 |
| IEI iShares 3-7 Year Treasury Bo | Add +216.2% | 0.06% | +0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +6.7% | 0.17% | +0.03 |
| GLW Corning Inc. | New | 0.03% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +105.6% | 0.06% | +0.02 |
| FANG Diamondback Energy Inc. | Add +28.5% | 0.04% | +0.02 |
| REGN Regeneron Pharmaceuticals | Add +143.3% | 0.02% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +88.9% | 0.04% | +0.01 |
| GEV GE Vernova Inc. | Add +46.7% | 0.03% | +0.01 |
| KMI Kinder Morgan Inc. | Add +44.5% | 0.03% | +0.01 |
| TER Teradyne Inc. | New | 0.01% | +0.01 |
| MO Altria Group Inc. | Add +0.1% | 0.10% | +0.01 |
| MCD McDonald's Corp. | Add +1.3% | 2.51% | +0.01 |
| TUA Sim St Treas Fut Strat ETF | New | 0.01% | +0.01 |
| KRYS Krystal Biotech Inc. | New | 0.01% | +0.01 |
| CTVA Corteva Inc. | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.01% | +0.01 |
| IWF iShares Russell 1000 Growth | New | 0.01% | +0.01 |
| OKE Oneok Inc. | Add +0.8% | 0.05% | +0.01 |
| GE General Electric | Add +49.0% | 0.03% | +0.01 |
| SPHR Sphere Entertainment Co. | New | 0.01% | +0.01 |
| ADM Archer-Daniels-Midland Co. | New | 0.01% | +0.01 |
| CASY Casey's General Stores Inc. | New | 0.01% | +0.01 |
| FCX Freeport-McMoran Inc. | New | 0.01% | +0.01 |
| EVRG Evergy Inc. | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +21.1% | 0.30% | +0.01 |
| HBAN Huntington Bancshares Inc. | New | 0.01% | +0.01 |
| MWA Mueller Water Products Inc. Class A | New | 0.01% | +0.01 |
| SCHD Schwab US DVD Equity ETF | New | 0.01% | +0.01 |
Options Activity Q4 2025 → Q1 2026
| QQQ Invesco QQQ Trust Series 1 | put | New | 600 | $346K |
| NVDA Nvidia Corp. | call | Sold out | 1,200 | $224Kbefore exit |
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 |