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 | |
|---|---|---|---|---|---|---|---|
151
General Dynamics
GD
$100B
| $772K | 0.03% |
2,325
+30
| +1% | +$11.1K |
2021 Q1
22 quarters
|
|
152
National Fuel Gas
NFG
$7.54B
| $767K | 0.03% |
10,108
| – | – |
2024 Q2
9 quarters
|
|
153
State Street Energy Select Sector SPDR ETF
XLE
$45.5B
| $766K | 0.03% |
12,449
-502
| -4% | -$30.4K |
2020 Q3
24 quarters
|
|
154
Berkshire Hathaway Class A
BRK.A
$1.17T
| $747K | 0.03% |
1
| – | – |
2026 Q1
2 quarters
|
|
155
Kinder Morgan
KMI
$75.7B
| $745K | 0.03% |
24,704
+2,901
| +13% | +$92K |
2022 Q3
16 quarters
|
|
156
Boeing
BA
$137B
| $744K | 0.03% |
3,999
-48
| -1% | -$10.3K |
2020 Q1
26 quarters
|
|
157
Vanguard Morningstar Mid-Cap ETF
VO
$108B
| $743K | 0.03% |
9,471
+17
| +0.2% | +$1.38K |
2022 Q4
15 quarters
|
|
158
Yum! Brands
YUM
$42.2B
| $741K | 0.03% |
5,437
-21
| -0.4% | -$3.14K |
2013 Q2
53 quarters
|
|
159
Thermo Fisher Scientific
TMO
$262B
| $735K | 0.03% |
1,089
+19
| +2% | +$11.3K |
2025 Q3
4 quarters
|
|
160
Herc Holdings
HRI
$5.82B
| $724K | 0.02% |
5,803
+3
| +0.1% | +$450 |
2022 Q3
16 quarters
|
|
161
Schwab Fundamental US Large Company Index ETF
FNDX
$28.5B
| $721K | 0.02% |
22,902
+3,366
| +17% | +$108K |
2022 Q4
15 quarters
|
|
162
Flowserve
FLS
$10.2B
| $720K | 0.02% |
9,850
| – | – |
2023 Q4
11 quarters
|
|
163
PUT
Visa
V
$767B
| – | – |
0
| – | – |
2025 Q2
5 quarters
|
|
164
Gilead Sciences
GILD
$205B
| $700K | 0.02% |
4,699
| – | – |
2021 Q4
19 quarters
|
|
165
Crescent Energy
CRGY
$5.81B
| $689K | 0.02% |
53,472
+5,076
| +10% | +$62.2K |
2021 Q4
19 quarters
|
|
166
Reaves Utility Income Fund
UTG
$3.26B
| $678K | 0.02% |
19,729
| – | – |
2020 Q3
24 quarters
|
|
167
Simon Property Group
SPG
$69.8B
| $634K | 0.02% |
3,160
-55
| -2% | -$12K |
2022 Q4
15 quarters
|
|
168
Ryman Hospitality Properties
RHP
$9.29B
| $628K | 0.02% |
5,250
| – | – |
2022 Q4
15 quarters
|
|
169
Entergy
ETR
$52.5B
| $626K | 0.02% |
6,303
| – | – |
2018 Q2
33 quarters
|
|
170
iShares Ultra Short Duration Bond Active ETF
ICSH
$8.97B
| $619K | 0.02% |
+12,291
| New | +$620K |
2026 Q3
0 quarters
|
|
171
Regeneron Pharmaceuticals
REGN
$84.3B
| $613K | 0.02% |
809
-40
| -5% | -$30.2K |
2025 Q3
4 quarters
|
|
172
Permian Basin Royalty Trust
PBT
$1.51B
| $608K | 0.02% |
19,298
| – | – |
2021 Q3
20 quarters
|
|
173
Vanguard Energy ETF
VDE
$11.6B
| $605K | 0.02% |
3,512
+1,371
| +64% | +$234K |
2022 Q4
15 quarters
|
|
174
Vanguard FTSE Emerging Markets ETF
VWO
$120B
| $605K | 0.02% |
10,193
+15
| +0.1% | +$896 |
2025 Q2
5 quarters
|
|
|
HONA
175
Honeywell Aerospace
HONA
$50.7B
| $601K | 0.02% |
3,875
+89
| +2% | +$16.2K |
2026 Q2
1 quarter
|
|
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.