Welch Group Portfolio holdings
The Welch Group is a fee-only financial planning and investment firm that Stewart H. Welch III founded in 1984, among the first of its kind in its area, with the aim of putting people ahead of product sales. It earns its money only from client-paid fees for financial planning and investment management, and its work spans investing, estate planning, tax strategy and risk management. In 2018 Welch Investments, a sister company also controlled by Welch, was merged into the firm. Its clients include individuals, pension and profit sharing plans, trusts and businesses.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$2.72M |
| 2 |
McDonald's
MCD
|
+$2.55M |
| 3 |
Pfizer
PFE
|
+$2.03M |
| 4 |
IBM
IBM
|
+$1.98M |
| 5 |
Microsoft
MSFT
|
+$1.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cisco
CSCO
|
+$2.24M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.73M |
| 3 |
Vanguard Short-Term Treasury ETF
VGSH
|
+$1.52M |
| 4 |
ServisFirst Bancshares
SFBS
|
+$1.48M |
| 5 |
Advanced Micro Devices
AMD
|
+$993K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.35% |
| 2 | Financials | 15.51% |
| 3 | Industrials | 11.12% |
| 4 | Healthcare | 10.18% |
| 5 | Consumer Staples | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Mastercard
MA
$557B
| $12M | 0.41% |
21,758
+927
| +4% | +$521K |
2013 Q2
53 quarters
|
|
52
TJX Companies
TJX
$156B
| $11.5M | 0.39% |
86,680
+6,532
| +8% | +$942K |
2013 Q2
53 quarters
|
|
53
Blackstone
BX
$96.2B
| $10.7M | 0.37% |
95,571
+7,927
| +9% | +$1.04M |
2020 Q1
26 quarters
|
|
54
Sherwin-Williams
SHW
$79.7B
| $10.7M | 0.36% |
33,043
+2,052
| +7% | +$693K |
2013 Q2
53 quarters
|
|
55
Stryker
SYK
$120B
| $9.6M | 0.33% |
34,897
+2,683
| +8% | +$845K |
2013 Q2
53 quarters
|
|
56
Carrier Global
CARR
$45.8B
| $9.29M | 0.32% |
169,400
+15,755
| +10% | +$976K |
2023 Q3
12 quarters
|
|
57
Globe Life
GL
$12.3B
| $7.54M | 0.26% |
45,498
-468
| -1% | -$82.5K |
2013 Q2
53 quarters
|
|
58
Tesla
TSLA
$1.59T
| $6.75M | 0.23% |
19,026
+2,540
| +15% | +$909K |
2023 Q2
13 quarters
|
|
59
Vulcan Materials
VMC
$36.3B
| $6.72M | 0.23% |
27,466
+1
| +0% | +$272 |
2013 Q2
53 quarters
|
|
60
Vanguard S&P 500 ETF
VOO
$1.04T
| $6.02M | 0.21% |
8,590
+98
| +1% | +$68.4K |
2020 Q1
26 quarters
|
|
61
American Express
AXP
$217B
| $5.77M | 0.2% |
18,979
+71
| +0.4% | +$23.7K |
2013 Q2
53 quarters
|
|
62
Merck
MRK
$361B
| $5.5M | 0.19% |
37,868
+637
| +2% | +$88K |
2013 Q2
53 quarters
|
|
63
SPDR Gold MiniShares Trust
GLDM
$30.3B
| $5.47M | 0.19% |
66,568
+9,701
| +17% | +$818K |
2025 Q3
4 quarters
|
|
64
Alphabet (Google) Class C
GOOG
$3.45T
| $5.38M | 0.18% |
15,791
+2,276
| +17% | +$785K |
2013 Q2
53 quarters
|
|
65
Walmart Inc
WMT
$962B
| $5.14M | 0.18% |
49,503
-1,172
| -2% | -$129K |
2013 Q2
53 quarters
|
|
66
Norfolk Southern
NSC
$76.9B
| $4.51M | 0.15% |
14,606
+54
| +0.4% | +$17.9K |
2013 Q2
53 quarters
|
|
67
Philip Morris
PM
$325B
| $4.19M | 0.14% |
21,943
+196
| +0.9% | +$37K |
2013 Q2
53 quarters
|
|
68
Regions Financial
RF
$24.6B
| $4.11M | 0.14% |
153,064
+2,794
| +2% | +$84.6K |
2013 Q2
53 quarters
|
|
|
69
State Street SPDR S&P 500 ETF Trust
SPY
$816B
| $3.87M | 0.13% |
5,070
-2,276
| -31% | -$1.73M |
2022 Q4
15 quarters
|
|
70
Aflac
AFL
$61.9B
| $3.57M | 0.12% |
31,981
-6,461
| -17% | -$775K |
2021 Q4
19 quarters
|
|
71
Invesco QQQ Trust
QQQ
$483B
| $3.51M | 0.12% |
4,749
+317
| +7% | +$227K |
2020 Q4
23 quarters
|
|
72
SPDR Gold Trust
GLD
$135B
| $3.05M | 0.1% |
8,007
-618
| -7% | -$242K |
2022 Q4
15 quarters
|
|
73
Altria Group
MO
$128B
| $2.85M | 0.1% |
42,344
+71
| +0.2% | +$4.93K |
2013 Q2
53 quarters
|
|
74
Mueller Industries
MLI
$12.2B
| $2.74M | 0.09% |
45,288
+1,288
| +3% | +$80.3K |
2021 Q1
22 quarters
|
|
75
Pinnacle Financial Partners Inc
PNFP
$15.4B
| $2.6M | 0.09% |
27,731
+878
| +3% | +$88.6K |
2026 Q1
2 quarters
|
|
Similar funds
Welch Group's Q3 2026 Portfolio in Review
As of Q3 2026, Welch Group held 349 positions worth $2.93B, up 0.16% from $2.93B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Welch Group's Q3 2026 filing shows 22 new, 160 increased, 68 reduced and 23 closed positions. Its largest new stake was Honeywell: 3,892 shares worth $821K. The largest sale was Cisco, an estimated $2.24M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 26% a quarter earlier, followed by Financials and Industrials.
- Welch Group's largest Q3 2026 buy was Honeywell: 3,892 shares worth $821K.
- Welch Group added most to Amazon in Q3 2026, an estimated $2.72M increase.
- Welch Group's biggest Q3 2026 reduction was Cisco, cutting an estimated $2.24M.
- Welch Group fully exited State Street Communication Services Select Sector SPDR ETF in Q3 2026, selling an estimated $428K.
- Welch Group's ten largest holdings make up 32% of its $2.93B portfolio in Q3 2026.
- Welch Group opened 22 new positions and closed 23 in Q3 2026.
- Welch Group's portfolio value rose 0.16% quarter-over-quarter to $2.93B.
Based on Welch Group's 13F filing for Q3 2026, filed 29 Oct 2026.