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 |
ServisFirst Bancshares
SFBS
|
+$2.1M |
| 2 |
Southern Company
SO
|
+$2.05M |
| 3 |
AT&T
T
|
+$2.01M |
| 4 |
ExxonMobil
XOM
|
+$1.98M |
| 5 |
General Mills
GIS
|
+$1.73M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ConocoPhillips
COP
|
+$200K |
| 2 |
Unilever NV New York Registry Shares
UN
|
+$129K |
| 3 |
U.S. SILICA HOLDINGS, INC.
SLCA
|
+$113K |
| 4 |
Altisource Portfolio Solutions
ASPS
|
+$108K |
| 5 |
Merck
MRK
|
+$71.3K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.37% |
| 2 | Industrials | 13.01% |
| 3 | Healthcare | 10.28% |
| 4 | Consumer Discretionary | 10.06% |
| 5 | Financials | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Johnson & Johnson
JNJ
$688B
| $19.8M | 3.31% |
149,799
+11,188
| +8% | +$1.43M |
2013 Q2
16 quarters
|
|
2
McDonald's
MCD
$192B
| $19.7M | 3.29% |
128,909
+4,755
| +4% | +$687K |
2013 Q2
16 quarters
|
|
3
AbbVie
ABBV
$521B
| $18.9M | 3.15% |
260,784
+14,891
| +6% | +$1M |
2013 Q2
16 quarters
|
|
4
3M
MMM
$94.7B
| $18.8M | 3.14% |
108,142
+3,973
| +4% | +$664K |
2013 Q2
16 quarters
|
|
5
Home Depot
HD
$348B
| $18.6M | 3.11% |
121,456
+4,423
| +4% | +$678K |
2016 Q1
5 quarters
|
|
6
Lockheed Martin
LMT
$138B
| $18.5M | 3.09% |
66,746
+2,589
| +4% | +$711K |
2013 Q2
16 quarters
|
|
7
RTX Corp
RTX
$268B
| $18.3M | 3.06% |
238,690
+10,281
| +5% | +$770K |
2013 Q2
16 quarters
|
|
8
NextEra Energy
NEE
$179B
| $18.1M | 3.02% |
517,032
+23,468
| +5% | +$802K |
2013 Q2
16 quarters
|
|
9
PepsiCo
PEP
$198B
| $18.1M | 3.02% |
156,828
+8,151
| +5% | +$935K |
2013 Q2
16 quarters
|
|
|
10
ExxonMobil
XOM
$696B
| $18.1M | 3.02% |
224,265
+24,239
| +12% | +$1.98M |
2013 Q2
16 quarters
|
|
11
Procter & Gamble
PG
$394B
| $18.1M | 3.02% |
196,007
+14,463
| +8% | +$1.27M |
2013 Q2
16 quarters
|
|
12
DELISTED
Du Pont De Nemours E I
DD
| $18M | 3% |
222,806
+8,876
| +4% | +$709K |
2013 Q2
16 quarters
|
|
13
Arthur J. Gallagher & Co
AJG
$72.6B
| $17.6M | 2.94% |
308,076
+10,823
| +4% | +$612K |
2013 Q2
16 quarters
|
|
14
DELISTED
Leggett & Platt
LEG
| $17.4M | 2.9% |
331,474
+19,699
| +6% | +$1.03M |
2013 Q2
16 quarters
|
|
15
Novartis
NVS
$303B
| $17.2M | 2.87% |
230,041
+18,489
| +9% | +$1.31M |
2013 Q2
16 quarters
|
|
16
Consolidated Edison
ED
$44.9B
| $17.2M | 2.87% |
212,781
+12,166
| +6% | +$983K |
2013 Q2
16 quarters
|
|
17
Emerson Electric
EMR
$91.3B
| $16.9M | 2.82% |
283,529
+14,730
| +5% | +$873K |
2013 Q2
16 quarters
|
|
18
Cincinnati Financial
CINF
$29.1B
| $16.8M | 2.81% |
232,275
+17,078
| +8% | +$1.21M |
2013 Q2
16 quarters
|
|
19
Colgate-Palmolive
CL
$79.2B
| $16.8M | 2.8% |
226,245
+15,585
| +7% | +$1.16M |
2013 Q2
16 quarters
|
|
20
Intel
INTC
$317B
| $16.7M | 2.79% |
495,782
+42,912
| +9% | +$1.54M |
2013 Q2
16 quarters
|
|
|
21
Southern Company
SO
$109B
| $16.7M | 2.79% |
349,220
+40,919
| +13% | +$2.05M |
2013 Q2
16 quarters
|
|
22
Kimberly-Clark
KMB
$67.2B
| $16.6M | 2.77% |
128,835
+10,052
| +8% | +$1.31M |
2013 Q2
16 quarters
|
|
|
23
AT&T
T
$149B
| $16.6M | 2.77% |
583,217
+68,349
| +13% | +$2.01M |
2013 Q2
16 quarters
|
|
24
Chevron
CVX
$429B
| $16.5M | 2.75% |
158,176
+10,696
| +7% | +$1.13M |
2013 Q2
16 quarters
|
|
25
Paychex
PAYX
$41.2B
| $15.9M | 2.65% |
279,458
+18,411
| +7% | +$1.08M |
2013 Q2
16 quarters
|
|
Similar funds
Welch Group's Q2 2017 Portfolio in Review
As of Q2 2017, Welch Group held 162 positions worth $600M, up 13% from $531M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Welch Group deployed $57.9M of net new capital in Q2 2017, opening 34 new positions and adding to 82 existing holdings. Its largest new stake was Franklin Street Properties: 60,975 shares worth $676K.
By sector, the portfolio is most concentrated in Consumer Staples at 18% of assets, down from 19% a quarter earlier, followed by Industrials and Healthcare.
On the sell side, the largest reduction was Unilever NV New York Registry Shares, an estimated $129K trimmed.
- Welch Group's largest Q2 2017 buy was Franklin Street Properties: 60,975 shares worth $676K.
- Welch Group added most to ServisFirst Bancshares in Q2 2017, an estimated $2.1M increase.
- Welch Group's biggest Q2 2017 reduction was Unilever NV New York Registry Shares, cutting an estimated $129K.
- Welch Group fully exited ConocoPhillips in Q2 2017, selling an estimated $200K.
- Welch Group's ten largest holdings make up 31% of its $600M portfolio in Q2 2017.
- Welch Group opened 34 new positions and closed 4 in Q2 2017.
- Welch Group's portfolio value rose 13% quarter-over-quarter to $600M.
Based on Welch Group's 13F filing for Q2 2017, filed 7 Aug 2017.