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GWCM
Godshalk Welsh Capital Management Portfolio holdings
AUM
$172M
1-Year Est. Return
16.03%
This Fund
S&P 500
This Quarter
Est. Return
+9.78%
1 Year Est. Return
+16.03%
3 Year Est. Return
+54.69%
5 Year Est. Return
+73.83%
10 Year Est. Return
+285.52%
AUM
$139M
AUM Growth
+$6.75M
(+5.1%)
Cap. Flow
-$4.63M
Cap. Flow
% of AUM
-3.32%
Top 10 Holdings %
Top 10 Hldgs %
32.59%
Holding
121
New
7
Increased
20
Reduced
61
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
IBDQ
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
|
+$356K |
| 2 |
T. Rowe Price Capital Appreciation Equity ETF
TCAF
|
+$348K |
| 3 |
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
|
+$340K |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$198K |
| 5 |
Amgen
AMGN
|
+$195K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco Preferred ETF
PGX
|
+$504K |
| 2 |
Vanguard Short-Term Bond ETF
BSV
|
+$350K |
| 3 |
Intuit
INTU
|
+$331K |
| 4 |
Apple
AAPL
|
+$328K |
| 5 |
Microsoft
MSFT
|
+$324K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.86% |
| 2 | Healthcare | 12.62% |
| 3 | Financials | 10.92% |
| 4 | Consumer Staples | 10.87% |
| 5 | Consumer Discretionary | 6.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.62T
| $9.17M | 6.59% |
24,384
-910
| -4% | -$324K |
|
|
2
Apple
AAPL
$4.46T
| $7.78M | 5.59% |
40,389
-1,775
| -4% | -$328K |
|
|
3
Intuit
INTU
$87.1B
| $5.08M | 3.65% |
8,125
-600
| -7% | -$331K |
|
4
Costco
COST
$423B
| $4.48M | 3.22% |
6,794
-335
| -5% | -$199K |
|
5
Globus Medical
GMED
$11.1B
| $3.79M | 2.72% |
71,035
| – | – |
|
6
Berkshire Hathaway Class B
BRK.B
$1.11T
| $3.75M | 2.7% |
10,528
-760
| -7% | -$267K |
|
7
Oracle
ORCL
$409B
| $3.53M | 2.53% |
33,435
+90
| +0.3% | +$9.82K |
|
8
Alphabet (Google) Class A
GOOGL
$4.57T
| $2.93M | 2.1% |
20,975
-765
| -4% | -$103K |
|
9
iShares Russell 2000 ETF
IWM
$81.5B
| $2.45M | 1.76% |
12,211
+450
| +4% | +$80.6K |
|
10
American Express
AXP
$233B
| $2.4M | 1.73% |
12,835
-685
| -5% | -$110K |
|
11
W.R. Berkley
WRB
$26.7B
| $2.4M | 1.72% |
50,894
-3,064
| -6% | -$140K |
|
12
Invesco S&P 500 Equal Weight ETF
RSP
$98.1B
| $2.32M | 1.67% |
14,699
-44
| -0.3% | -$6.39K |
|
13
Merck
MRK
$316B
| $2.25M | 1.62% |
20,663
-1,325
| -6% | -$138K |
|
14
Procter & Gamble
PG
$338B
| $2.23M | 1.6% |
15,205
-830
| -5% | -$123K |
|
15
Home Depot
HD
$339B
| $2.19M | 1.57% |
6,314
-475
| -7% | -$147K |
|
16
Paychex
PAYX
$41.9B
| $2.17M | 1.56% |
18,200
-965
| -5% | -$114K |
|
17
Lowe's Companies
LOW
$119B
| $2.09M | 1.5% |
9,385
-50
| -0.5% | -$10.1K |
|
18
Cisco
CSCO
$457B
| $2M | 1.44% |
39,677
-100
| -0.3% | -$5.11K |
|
19
Johnson & Johnson
JNJ
$613B
| $1.92M | 1.38% |
12,231
-195
| -2% | -$29.9K |
|
20
Automatic Data Processing
ADP
$107B
| $1.87M | 1.34% |
8,035
-840
| -9% | -$196K |
|
21
Zoetis
ZTS
$32.3B
| $1.81M | 1.3% |
9,150
-50
| -0.5% | -$8.85K |
|
22
JPMorgan Chase
JPM
$937B
| $1.8M | 1.29% |
10,575
+150
| +1% | +$22.7K |
|
|
23
Alphabet (Google) Class C
GOOG
$4.56T
| $1.79M | 1.28% |
12,675
-800
| -6% | -$109K |
|
24
iShares Core MSCI EAFE ETF
IEFA
$191B
| $1.74M | 1.25% |
24,721
+1,304
| +6% | +$85.9K |
|
25
Sysco
SYY
$40.7B
| $1.71M | 1.23% |
23,413
-1,675
| -7% | -$116K |
|
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Godshalk Welsh Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Godshalk Welsh Capital Management held 121 positions worth $139M, up 5.1% from $132M the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Godshalk Welsh Capital Management withdrew a net $4.63M in Q4 2023, closing 4 positions and reducing 61 holdings. Its most notable exit was Vanguard Tax-Exempt Bond Index Fund, an estimated $263K position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
Against the trend, Godshalk Welsh Capital Management opened a new position in iShares iBonds Dec 2025 Term Corporate ETF worth $360K.
- Godshalk Welsh Capital Management's largest Q4 2023 buy was iShares iBonds Dec 2025 Term Corporate ETF: 14,550 shares worth $360K.
- Godshalk Welsh Capital Management added most to Waste Connections in Q4 2023, an estimated $105K increase.
- Godshalk Welsh Capital Management's biggest Q4 2023 reduction was Invesco Preferred ETF, cutting an estimated $504K.
- Godshalk Welsh Capital Management fully exited Vanguard Tax-Exempt Bond Index Fund in Q4 2023, selling an estimated $263K.
- Godshalk Welsh Capital Management's ten largest holdings make up 33% of its $139M portfolio in Q4 2023.
- Godshalk Welsh Capital Management opened 7 new positions and closed 4 in Q4 2023.
- Godshalk Welsh Capital Management's portfolio value rose 5.1% quarter-over-quarter to $139M.
Based on Godshalk Welsh Capital Management's 13F filing for Q4 2023, filed 12 Feb 2024.