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Welch Group, LLC

SEC CIK
0001443095
Latest filing
Jul 23, 2026

Holdings in Q1 2022

Holdings as of Mar 31, 2022, filed Apr 29, 2022. Long positions only; changes compare share counts with Q4 2021.

Institution overview
Positions
214
−3 vs. Q4 2021
Portfolio value
$1.75B
+$42.2M (+2.5%) vs. Q4 2021
Filed
Apr 29, 2022
SEC
Holdings of Welch Group, LLC in Q1 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
SFBSServisFirst Bancshares, Inc.COM1,371,869$130.7M7.5%−49,006−3.4%ReducedHistory
MSFTMicrosoft CorpStock217,205$67.0M3.8%+3,716+1.7%AddedHistory
AAPLApple Inc.Stock367,307$64.1M3.7%+3,527+1.0%AddedHistory
CVXChevron CorpStock383,491$62.4M3.6%−5,490−1.4%ReducedHistory
ABBVAbbVie Inc.Stock378,307$61.3M3.5%−2,901−0.8%ReducedHistory
AJGArthur J. Gallagher & Co.COM301,244$52.6M3.0%+1,478+0.5%AddedHistory
XOMExxonMobil Holdings CorpCOM630,494$52.1M3.0%−5,510−0.9%ReducedHistory
PAYXPaychex IncStock373,186$50.9M2.9%−820−0.2%ReducedHistory
SOSouthern CoStock698,449$50.6M2.9%+14,692+2.1%AddedHistory
NEENextera Energy IncStock582,723$49.4M2.8%+19,868+3.5%AddedHistory
CINFCincinnati Financial CorpCOM356,963$48.5M2.8%+7,357+2.1%AddedHistory
LMTLockheed Martin CorpStock109,419$48.3M2.8%+4,484+4.3%AddedHistory
JNJJohnson & JohnsonStock269,906$47.8M2.7%+9,534+3.7%AddedHistory
RTXRTX CorpStock472,039$46.8M2.7%+9,054+2.0%AddedHistory
PEPPepsiCo IncStock277,235$46.4M2.6%+5,344+2.0%AddedHistory
HDHome Depot, Inc.Stock150,720$45.1M2.6%+4,299+2.9%AddedHistory
PGProcter & Gamble CoStock292,331$44.7M2.5%+3,147+1.1%AddedHistory
MCDMcDonalds CorpStock179,853$44.5M2.5%+5,529+3.2%AddedHistory
EDConsolidated Edison IncStock456,737$43.2M2.5%+9,317+2.1%AddedHistory
EMREmerson Electric CoStock433,569$42.5M2.4%+13,451+3.2%AddedHistory
QCOMQualcomm IncStock276,809$42.3M2.4%+4,979+1.8%AddedHistory
GISGeneral Mills IncStock618,462$41.9M2.4%+10,757+1.8%AddedHistory
PFEPfizer IncStock784,263$40.6M2.3%+25,293+3.3%AddedHistory
CLColgate Palmolive CoStock528,349$40.1M2.3%+23,032+4.6%AddedHistory
IBMInternational Business Machines CorpStock302,550$39.3M2.2%+20,817+7.4%AddedHistory
INTCIntel CorpStock774,405$38.4M2.2%+73,081+10.4%AddedHistory
VZVerizon Communications IncStock684,653$34.9M2.0%+68,136+11.1%AddedHistory
KMBKimberly Clark CorpStock279,125$34.4M2.0%+14,332+5.4%AddedHistory
JPMJPMorgan Chase & CoStock232,684$31.7M1.8%+188,102+421.9%AddedHistory
MMM3M CoStock208,911$31.1M1.8%+22,794+12.2%AddedHistory
ULUnilever PLCSPON ADR NEW672,949$30.7M1.8%+82,806+14.0%AddedHistory
KOCoca Cola CoStock217,949$13.5M0.8%−1,598−0.7%ReducedHistory
Vanguard S&P 500 ETF922908363ETF23,516$9.76M0.6%−5,369−18.6%Reduced–
BRK.BBerkshire Hathaway IncStock25,809$9.11M0.5%+967+3.9%AddedHistory
CATCaterpillar IncStock31,412$7.00M0.4%+2,996+10.5%AddedHistory
DEDeere & CoStock15,944$6.62M0.4%+990+6.6%AddedHistory
AMZNAmazon Com IncStock1,924$6.27M0.4%−1,148−37.4%ReducedHistory
NVDANVIDIA CorpStock22,822$6.23M0.4%+1,286+6.0%AddedHistory
GOOGLAlphabet Inc.Stock2,183$6.07M0.3%+280+14.7%AddedHistory
SPYSPDR S&P 500 ETF TrustETF12,898$5.83M0.3%−3,340−20.6%ReducedHistory
CSCOCisco Systems, Inc.Stock95,584$5.33M0.3%+7,367+8.4%AddedHistory
GLGlobe Life Inc.COM52,719$5.30M0.3%+777+1.5%AddedHistory
BMYBristol Myers Squibb CoStock71,740$5.24M0.3%+9,257+14.8%AddedHistory
ABTAbbott LaboratoriesStock44,169$5.23M0.3%+4,945+12.6%AddedHistory
TAT&T Inc.Stock201,145$4.75M0.3%−404,231−66.8%ReducedHistory
BXBlackstone Inc.COM36,799$4.67M0.3%+2,506+7.3%AddedHistory
VMCVulcan Materials COCOM25,107$4.61M0.3%−28−0.1%ReducedHistory
TGTTarget CorpStock21,084$4.47M0.3%+2,198+11.6%AddedHistory
VVisa Inc.Stock19,804$4.39M0.3%+2,265+12.9%AddedHistory
TFCTruist Financial CorpCOM73,745$4.18M0.2%+5,875+8.7%AddedHistory
DISWalt Disney CoStock29,664$4.07M0.2%+4,667+18.7%AddedHistory
ORCLOracle CorpStock45,062$3.73M0.2%+6,254+16.1%AddedHistory
SYKStryker CorpStock13,694$3.66M0.2%+1,798+15.1%AddedHistory
ACNAccenture plcStock10,620$3.58M0.2%+1,325+14.3%AddedHistory
DGDollar General CorpCOM15,824$3.52M0.2%+2,882+22.3%AddedHistory
iShares Core S&P 500 ETF464287200ETF7,563$3.43M0.2%−31,580−80.7%Reduced–
MAMastercard IncStock9,592$3.43M0.2%+1,223+14.6%AddedHistory
GSGoldman Sachs Group IncStock10,192$3.37M0.2%+1,329+15.0%AddedHistory
BACBank of America CorpStock76,237$3.14M0.2%−124−0.2%ReducedHistory
SHWSherwin Williams CoCOM12,524$3.13M0.2%+1,927+18.2%AddedHistory
SNVSynovus Financial CorpCOM NEW62,340$3.06M0.2%+80.0%AddedHistory
TJXTJX Companies IncStock48,502$2.94M0.2%+7,871+19.4%AddedHistory
RFRegions Financial CorpCOM122,280$2.72M0.2%+3,975+3.4%AddedHistory
UCBUnited Community Banks IncCOM71,272$2.48M0.1%+71,272NewHistory
AXPAmerican Express CoStock13,076$2.44M0.1%+64+0.5%AddedHistory
MRKMerck & Co., Inc.Stock28,996$2.38M0.1%+567+2.0%AddedHistory
AFLAflac IncStock35,083$2.26M0.1%−746−2.1%ReducedHistory
WMTWalmart Inc.Stock14,726$2.19M0.1%+720+5.1%AddedHistory
MOAltria Group, Inc.Stock36,646$1.92M0.1%+9,810+36.6%AddedHistory
PMPhilip Morris International Inc.Stock19,764$1.86M0.1%−68−0.3%ReducedHistory
AONAon plcCL A5,690$1.85M0.1%−200−3.4%ReducedHistory
LLYEli Lilly & CoStock6,434$1.84M0.1%+490+8.2%AddedHistory
DUKDuke Energy CORPStock16,072$1.79M0.1%+1,800+12.6%AddedHistory
GOOGAlphabet Inc.Stock558$1.56M0.1%−108−16.2%ReducedHistory
GGGGraco IncCOM21,391$1.49M0.1%00.0%UnchangedHistory
NVSNovartis AGADR14,941$1.31M0.1%−1,664−10.0%ReducedHistory
WELLWelltower Inc.REIT13,563$1.30M0.1%+163+1.2%AddedHistory
NOCNorthrop Grumman CorpStock2,770$1.24M0.1%00.0%UnchangedHistory
Invesco QQQ Trust Series I46090E103ETF3,236$1.17M0.1%+516+19.0%Added–
GLDSPDR Gold TrustETF6,108$1.10M0.1%−158−2.5%ReducedHistory
GPCGenuine Parts CoStock8,087$1.02M0.1%−321−3.8%ReducedHistory
DDominion Energy, IncStock11,800$1.00M0.1%−15−0.1%ReducedHistory
DEODiageo PLCSPON ADR NEW4,757$966.0K0.1%00.0%UnchangedHistory
Vanguard Scottsdale FDS92206C730VNG RUS1000IDX4,569$947.0K0.1%00.0%Unchanged–
EPDEnterprise Products Partners L.P.Stock36,457$941.0K0.1%−3,000−7.6%ReducedHistory
WMWaste Management IncStock5,825$923.0K0.1%00.0%UnchangedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR162,246$923.0K0.1%00.0%UnchangedHistory
CRGYCrescent Energy CoCL A COM53,227$923.0K0.1%00.0%UnchangedHistory
TXNTexas Instruments IncStock4,929$904.0K0.1%00.0%UnchangedHistory
MDLZMondelez International, Inc.Stock13,579$853.0K<0.1%−187−1.4%ReducedHistory
Schwab U.S. Large-Cap Growth ETF808524300ETF10,846$811.0K<0.1%00.0%UnchangedConverted for a 2-for-1 split–
AEPAmerican Electric Power Co IncStock7,591$757.0K<0.1%+10+0.1%AddedHistory
RSGRepublic Services, Inc.COM5,595$741.0K<0.1%00.0%UnchangedHistory
OKEONEOK IncCOM10,380$733.0K<0.1%+3,207+44.7%AddedHistory
COPConocoPhillipsStock7,273$727.0K<0.1%+718+11.0%AddedHistory
RYRoyal Bank of CanadaStock6,415$707.0K<0.1%00.0%UnchangedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF2,813$669.0K<0.1%+23+0.8%Added–
METAMeta Platforms, Inc.Stock2,929$651.0K<0.1%+283+10.7%AddedHistory
WFCWells Fargo & CompanyStock13,190$639.0K<0.1%+781+6.3%AddedHistory
Vanguard High Dividend Yield Index ETF921946406ETF5,560$624.0K<0.1%+710+14.6%Added–

Sold out since Q4 2021 (16)

Positions held at the end of Q4 2021 that are gone from this filing.

Positions of Welch Group, LLC sold out since Q4 2021
SecurityClassShares in Q4 2021Value in Q4 2021% of portfolio in Q4 2021History
SPDR Series Trust78464A763ST STR SP DIV24,369$3.15M0.2%–
RBNCReliant Bancorp, Inc.COM55,268$1.96M0.1%History
Schwab U.S. Large-Cap ETF808524201ETF11,640$1.32M0.1%–
State Street Consumer Staples Select Sector SPDR ETF81369Y308ETF10,178$785.0K<0.1%–
State Street Industrial Select Sector SPDR ETF81369Y704ETF5,353$566.0K<0.1%–
Vanguard Scottsdale FDS92206C102SHORT TERM TREAS6,133$373.0K<0.1%–
Vanguard Ftse Developed Markets ETF921943858ETF6,845$350.0K<0.1%–
CHTRCharter Communications, Inc.CL A429$280.0K<0.1%History
Invesco Exchange Traded FD T46137V100AEROSPACE DEFN3,774$273.0K<0.1%–
FBINFortune Brands Innovations, Inc.COM2,419$259.0K<0.1%History
iShares Russell 2000 ETF464287655ETF1,059$236.0K<0.1%–
MRNAModerna, Inc.Stock924$235.0K<0.1%History
ZTSZoetis Inc.Stock956$233.0K<0.1%History
NTRSNorthern Trust CorpCOM1,831$219.0K<0.1%History
CRMSalesforce, Inc.Stock803$204.0K<0.1%History
KMIKinder Morgan, Inc.Stock11,920$189.0K<0.1%History