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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.66M |
| 2 |
Amazon
AMZN
|
+$166K |
| 3 |
McKesson
MCK
|
+$118K |
| 4 |
Cisco
CSCO
|
+$92.5K |
| 5 |
Dominion Energy
D
|
+$5.08K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ServisFirst Bancshares
SFBS
|
+$5.74M |
| 2 |
Southern Company
SO
|
+$5.01M |
| 3 |
Cincinnati Financial
CINF
|
+$4.79M |
| 4 |
Johnson & Johnson
JNJ
|
+$4.69M |
| 5 |
McDonald's
MCD
|
+$4.65M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 19.22% |
| 2 | Industrials | 12.34% |
| 3 | Utilities | 10.08% |
| 4 | Energy | 10% |
| 5 | Healthcare | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
ExxonMobil
XOM
$670B
| $17.2M | 3.51% |
183,759
-41,617
| -18% | -$3.68M |
2013 Q2
12 quarters
|
|
|
2
Cincinnati Financial
CINF
$28.4B
| $17M | 3.46% |
226,875
-70,668
| -24% | -$4.79M |
2013 Q2
12 quarters
|
|
3
AT&T
T
$146B
| $16.6M | 3.39% |
509,556
-149,315
| -23% | -$4.44M |
2013 Q2
12 quarters
|
|
4
Lockheed Martin
LMT
$134B
| $16.6M | 3.38% |
66,858
-18,360
| -22% | -$4.33M |
2013 Q2
12 quarters
|
|
5
General Mills
GIS
$18.6B
| $16.2M | 3.3% |
227,040
-63,086
| -22% | -$4.02M |
2013 Q2
12 quarters
|
|
6
NextEra Energy
NEE
$184B
| $16.1M | 3.28% |
493,648
-140,440
| -22% | -$4.22M |
2013 Q2
12 quarters
|
|
7
Consolidated Edison
ED
$43.9B
| $16M | 3.25% |
198,490
-55,519
| -22% | -$4.17M |
2013 Q2
12 quarters
|
|
|
8
Southern Company
SO
$108B
| $15.8M | 3.22% |
294,800
-99,606
| -25% | -$5.01M |
2013 Q2
12 quarters
|
|
|
9
Johnson & Johnson
JNJ
$672B
| $15.7M | 3.21% |
129,820
-41,315
| -24% | -$4.69M |
2013 Q2
12 quarters
|
|
10
Paychex
PAYX
$40.9B
| $15.7M | 3.2% |
264,131
-71,938
| -21% | -$3.85M |
2013 Q2
12 quarters
|
|
11
Verizon
VZ
$191B
| $15.7M | 3.19% |
280,460
-70,539
| -20% | -$3.66M |
2013 Q2
12 quarters
|
|
12
DELISTED
Leggett & Platt
LEG
| $15.3M | 3.11% |
298,754
-80,242
| -21% | -$3.95M |
2013 Q2
12 quarters
|
|
13
Kimberly-Clark
KMB
$68.3B
| $15.2M | 3.1% |
110,696
-30,098
| -21% | -$3.94M |
2013 Q2
12 quarters
|
|
14
Home Depot
HD
$349B
| $15M | 3.06% |
117,803
-31,072
| -21% | -$4.11M |
2016 Q1
1 quarter
|
|
15
PepsiCo
PEP
$194B
| $15M | 3.06% |
141,984
-36,282
| -20% | -$3.74M |
2013 Q2
12 quarters
|
|
16
Chevron
CVX
$411B
| $15M | 3.06% |
143,266
-36,175
| -20% | -$3.64M |
2013 Q2
12 quarters
|
|
17
3M
MMM
$96.1B
| $15M | 3.05% |
102,326
-26,184
| -20% | -$3.69M |
2013 Q2
12 quarters
|
|
|
18
McDonald's
MCD
$199B
| $14.4M | 2.93% |
119,724
-37,126
| -24% | -$4.65M |
2013 Q2
12 quarters
|
|
19
Colgate-Palmolive
CL
$77.6B
| $14.3M | 2.91% |
195,253
-48,689
| -20% | -$3.47M |
2013 Q2
12 quarters
|
|
20
AbbVie
ABBV
$515B
| $14.2M | 2.9% |
229,702
-54,838
| -19% | -$3.34M |
2013 Q2
12 quarters
|
|
21
Intel
INTC
$312B
| $14.2M | 2.89% |
431,910
-99,203
| -19% | -$3.11M |
2013 Q2
12 quarters
|
|
22
Procter & Gamble
PG
$386B
| $14.1M | 2.88% |
166,779
-41,684
| -20% | -$3.42M |
2013 Q2
12 quarters
|
|
23
Arthur J. Gallagher & Co
AJG
$71.5B
| $13.9M | 2.84% |
292,776
-72,013
| -20% | -$3.34M |
2013 Q2
12 quarters
|
|
24
RTX Corp
RTX
$262B
| $13.8M | 2.81% |
214,173
-47,580
| -18% | -$3.04M |
2013 Q2
12 quarters
|
|
25
DELISTED
Du Pont De Nemours E I
DD
| $13.7M | 2.8% |
211,918
-55,209
| -21% | -$3.63M |
2013 Q2
12 quarters
|
|
Similar funds
Welch Group's Q2 2016 Portfolio in Review
As of Q2 2016, Welch Group held 150 positions worth $491M, down 18% from $599M the previous quarter. Its ten largest holdings account for 33% of the portfolio.
Welch Group withdrew a net $137M in Q2 2016, closing 27 positions and reducing 97 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $2.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 19% a quarter earlier, followed by Industrials and Utilities.
Against the trend, Welch Group opened a new position in Amazon worth $176K.
- Welch Group's largest Q2 2016 buy was Amazon: 4,920 shares worth $176K.
- Welch Group added most to State Street SPDR S&P 500 ETF Trust in Q2 2016, an estimated $6.66M increase.
- Welch Group's biggest Q2 2016 reduction was ServisFirst Bancshares, cutting an estimated $5.74M.
- Welch Group fully exited iShares Russell 2000 ETF in Q2 2016, selling an estimated $2.1M.
- Welch Group's ten largest holdings make up 33% of its $491M portfolio in Q2 2016.
- Welch Group opened 2 new positions and closed 27 in Q2 2016.
- Welch Group's portfolio value fell 18% quarter-over-quarter to $491M.
Based on Welch Group's 13F filing for Q2 2016, filed 28 Jul 2016.