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Welch Group, LLC

SEC CIK
0001443095
Latest filing
Jul 23, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Jan 30, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
219
+39 vs. Q3 2022
Portfolio value
$1.75B
+$211.8M (+13.8%) vs. Q3 2022
Filed
Jan 30, 2023
SEC
Holdings of Welch Group, LLC in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
SFBSServisFirst Bancshares, Inc.COM1,340,243$92.4M5.3%−817−0.1%ReducedHistory
CVXChevron CorpStock356,969$64.1M3.7%−6,708−1.8%ReducedHistory
XOMExxonMobil Holdings CorpCOM558,802$61.6M3.5%−26,759−4.6%ReducedHistory
ABBVAbbVie Inc.Stock369,538$59.7M3.4%−4,105−1.1%ReducedHistory
AJGArthur J. Gallagher & Co.COM293,409$55.3M3.2%−6,103−2.0%ReducedHistory
MSFTMicrosoft CorpStock230,135$55.2M3.2%+4,521+2.0%AddedHistory
LMTLockheed Martin CorpStock111,083$54.0M3.1%−607−0.5%ReducedHistory
HDHome Depot, Inc.Stock167,772$53.0M3.0%+3,269+2.0%AddedHistory
NEENextera Energy IncStock624,844$52.2M3.0%+9,908+1.6%AddedHistory
SOSouthern CoStock724,902$51.8M3.0%+10,813+1.5%AddedHistory
PEPPepsiCo IncStock285,133$51.5M2.9%+1,179+0.4%AddedHistory
GISGeneral Mills IncStock613,047$51.4M2.9%−10,393−1.7%ReducedHistory
JNJJohnson & JohnsonStock287,151$50.7M2.9%+5,619+2.0%AddedHistory
AAPLApple Inc.Stock387,267$50.3M2.9%+6,043+1.6%AddedHistory
RTXRTX CorpStock495,699$50.0M2.9%+7,351+1.5%AddedHistory
MCDMcDonalds CorpStock188,879$49.8M2.8%+1,918+1.0%AddedHistory
PGProcter & Gamble CoStock314,750$47.7M2.7%+7,800+2.5%AddedHistory
IBMInternational Business Machines CorpStock332,052$46.8M2.7%+8,490+2.6%AddedHistory
EMREmerson Electric CoStock483,003$46.4M2.7%+7,873+1.7%AddedHistory
CLColgate Palmolive CoStock583,533$46.0M2.6%+19,588+3.5%AddedHistory
PAYXPaychex IncStock384,504$44.4M2.5%+7,520+2.0%AddedHistory
EDConsolidated Edison IncStock464,214$44.2M2.5%+9,243+2.0%AddedHistory
PFEPfizer IncStock851,498$43.6M2.5%+16,573+2.0%AddedHistory
KMBKimberly Clark CorpStock309,996$42.1M2.4%+10,028+3.3%AddedHistory
JPMJPMorgan Chase & CoStock309,585$41.5M2.4%+8,467+2.8%AddedHistory
ULUnilever PLCSPON ADR NEW795,474$40.1M2.3%+18,871+2.4%AddedHistory
CINFCincinnati Financial CorpCOM384,924$39.4M2.3%+5,995+1.6%AddedHistory
QCOMQualcomm IncStock312,246$34.3M2.0%+3,677+1.2%AddedHistory
TFCTruist Financial CorpCOM769,143$33.1M1.9%+887+0.1%AddedHistory
VZVerizon Communications IncStock715,034$28.2M1.6%−75,072−9.5%ReducedHistory
INTCIntel CorpStock995,004$26.3M1.5%+2,200+0.2%AddedHistory
KOCoca Cola CoStock220,455$14.0M0.8%+1,214+0.6%AddedHistory
iShares Core S&P 500 ETF464287200ETF28,660$11.0M0.6%+28,660New–
CATCaterpillar IncStock33,421$8.01M0.5%+385+1.2%AddedHistory
Vanguard S&P 500 ETF922908363ETF21,131$7.42M0.4%−3,083−12.7%Reduced–
DEDeere & CoStock16,718$7.17M0.4%−16−0.1%ReducedHistory
GLGlobe Life Inc.COM50,607$6.10M0.3%−282−0.6%ReducedHistory
BMYBristol Myers Squibb CoStock75,506$5.43M0.3%+1,964+2.7%AddedHistory
CSCOCisco Systems, Inc.Stock111,735$5.32M0.3%+4,700+4.4%AddedHistory
TAT&T Inc.Stock282,168$5.19M0.3%+215+0.1%AddedHistory
ABTAbbott LaboratoriesStock47,031$5.16M0.3%−69−0.1%ReducedHistory
VVisa Inc.Stock22,166$4.61M0.3%+606+2.8%AddedHistory
TJXTJX Companies IncStock56,247$4.48M0.3%+1,841+3.4%AddedHistory
VMCVulcan Materials COCOM24,901$4.36M0.2%+40.0%AddedHistory
GOOGLAlphabet Inc.Stock48,639$4.29M0.2%+202+0.4%AddedHistory
DGDollar General CorpCOM17,038$4.20M0.2%+563+3.4%AddedHistory
ORCLOracle CorpStock51,159$4.18M0.2%+1,755+3.6%AddedHistory
GSGoldman Sachs Group IncStock11,812$4.06M0.2%+409+3.6%AddedHistory
NVDANVIDIA CorpStock27,517$4.02M0.2%+1,203+4.6%AddedHistory
iShares Select Dividend ETF464287168ETF33,288$4.01M0.2%+33,288New–
MAMastercard IncStock11,177$3.89M0.2%+631+6.0%AddedHistory
AMZNAmazon Com IncStock45,194$3.80M0.2%+4,741+11.7%AddedHistory
SYKStryker CorpStock15,504$3.79M0.2%+585+3.9%AddedHistory
TGTTarget CorpStock23,929$3.57M0.2%−998−4.0%ReducedHistory
SHWSherwin Williams CoCOM14,585$3.46M0.2%+378+2.7%AddedHistory
MRKMerck & Co., Inc.Stock29,785$3.30M0.2%+259+0.9%AddedHistory
ACNAccenture plcStock12,198$3.25M0.2%+214+1.8%AddedHistory
BXBlackstone Inc.COM42,932$3.19M0.2%+2,081+5.1%AddedHistory
DISWalt Disney CoStock34,780$3.02M0.2%−1,512−4.2%ReducedHistory
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF31,059$2.84M0.2%−10,948−26.1%Reduced–
RFRegions Financial CorpCOM122,219$2.64M0.2%+558+0.5%AddedHistory
BACBank of America CorpStock79,028$2.62M0.1%+784+1.0%AddedHistory
AFLAflac IncStock33,844$2.43M0.1%+30.0%AddedHistory
SPYSPDR S&P 500 ETF TrustETF6,293$2.41M0.1%+6,293NewHistory
iShares Tr4642874571 3 YR TREAS BD29,090$2.36M0.1%+29,090New–
SNVSynovus Financial CorpCOM NEW62,590$2.35M0.1%+250+0.4%AddedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF63,180$2.16M0.1%+63,180New–
LLYEli Lilly & CoStock5,869$2.15M0.1%+45+0.8%AddedHistory
PMPhilip Morris International Inc.Stock20,378$2.06M0.1%+104+0.5%AddedHistory
WMTWalmart Inc.Stock14,380$2.04M0.1%+192+1.4%AddedHistory
AXPAmerican Express CoStock12,430$1.84M0.1%−671−5.1%ReducedHistory
MOAltria Group, Inc.Stock39,566$1.81M0.1%−49−0.1%ReducedHistory
AONAon plcCL A5,690$1.71M0.1%00.0%UnchangedHistory
DUKDuke Energy CORPStock15,941$1.64M0.1%−217−1.3%ReducedHistory
State Street SPDR S&P Semiconductor ETF78464A862ETF9,570$1.60M0.1%+9,570New–
NOCNorthrop Grumman CorpStock2,770$1.51M0.1%00.0%UnchangedHistory
GGGGraco IncCOM21,391$1.44M0.1%00.0%UnchangedHistory
GPCGenuine Parts CoStock8,151$1.41M0.1%+10.0%AddedHistory
UCBUnited Community Banks IncCOM40,916$1.38M0.1%00.0%UnchangedHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF10,386$1.29M0.1%+10,386New–
NVSNovartis AGADR13,109$1.19M0.1%−448−3.3%ReducedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR164,448$988.3K0.1%+417+0.3%AddedHistory
EPDEnterprise Products Partners L.P.Stock39,957$963.8K0.1%+3,500+9.6%AddedHistory
GLDSPDR Gold TrustETF5,503$933.5K0.1%+5,503NewHistory
WMWaste Management IncStock5,925$929.5K0.1%−112−1.9%ReducedHistory
GOOGAlphabet Inc.Stock10,279$912.0K0.1%+57+0.6%AddedHistory
MDLZMondelez International, Inc.Stock13,583$905.3K0.1%+10.0%AddedHistory
COPConocoPhillipsStock7,642$901.8K0.1%+56+0.7%AddedHistory
WELLWelltower Inc.REIT13,400$878.4K0.1%−558−4.0%ReducedHistory
TXNTexas Instruments IncStock5,098$842.3K<0.1%+169+3.4%AddedHistory
AVDXAvidXchange Holdings, Inc.COM80,237$797.6K<0.1%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock1,719$784.7K<0.1%+647+60.4%AddedHistory
DEODiageo PLCSPON ADR NEW4,400$784.0K<0.1%−357−7.5%ReducedHistory
Vanguard Scottsdale FDS92206C730VNG RUS1000IDX4,495$783.3K<0.1%−74−1.6%Reduced–
RSGRepublic Services, Inc.COM5,735$739.8K<0.1%+140+2.5%AddedHistory
SPDR Series Trust78464A540ST STR SP TELCO8,615$703.1K<0.1%+8,615New–
Invesco QQQ Trust Series I46090E103ETF2,517$670.2K<0.1%+1,283+104.0%Added–
DDominion Energy, IncStock10,911$669.1K<0.1%−551−4.8%ReducedHistory
CRGYCrescent Energy CoCL A COM53,272$638.7K<0.1%00.0%UnchangedHistory
YUMYum Brands IncStock4,973$636.9K<0.1%+10.0%AddedHistory

Sold out since Q3 2022 (6)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Welch Group, LLC sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
AJRDAerojet Rocketdyne Holdings, Inc.COM6,450$258.0K<0.1%History
CCitigroup IncStock6,085$254.0K<0.1%History
TSLATesla, Inc.Stock814$216.0K<0.1%History
Schwab U.S. Large-Cap Growth ETF808524300ETF3,846$215.0K<0.1%–
EWEdwards Lifesciences CorpStock2,453$203.0K<0.1%History
WBDWarner Bros. Discovery, Inc.Stock11,314$130.0K<0.1%History