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Welch Group, LLC

SEC CIK
0001443095
Latest filing
Jul 23, 2026

Holdings in Q2 2023

Holdings as of Jun 30, 2023, filed Jul 18, 2023. Long positions only; changes compare share counts with Q1 2023.

Institution overview
Positions
217
+1 vs. Q1 2023
Portfolio value
$1.74B
+$24.2M (+1.4%) vs. Q1 2023
Filed
Jul 18, 2023
SEC
Holdings of Welch Group, LLC in Q2 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
MSFTMicrosoft CorpStock228,816$77.9M4.5%−2,351−1.0%ReducedHistory
AAPLApple Inc.Stock376,257$73.0M4.2%−4,639−1.2%ReducedHistory
AJGArthur J. Gallagher & Co.COM269,674$59.2M3.4%−5,693−2.1%ReducedHistory
MCDMcDonalds CorpStock184,728$55.1M3.2%−1,613−0.9%ReducedHistory
CVXChevron CorpStock346,889$54.6M3.1%+2,886+0.8%AddedHistory
XOMExxonMobil Holdings CorpCOM507,125$54.4M3.1%−7,519−1.5%ReducedHistory
SOSouthern CoStock761,308$53.5M3.1%+16,586+2.2%AddedHistory
SFBSServisFirst Bancshares, Inc.COM1,299,599$53.2M3.0%−27,704−2.1%ReducedHistory
HDHome Depot, Inc.Stock169,189$52.6M3.0%+2,451+1.5%AddedHistory
PEPPepsiCo IncStock281,991$52.2M3.0%−1,617−0.6%ReducedHistory
LMTLockheed Martin CorpStock108,611$50.0M2.9%+87+0.1%AddedHistory
JNJJohnson & JohnsonStock301,422$49.9M2.9%+7,761+2.6%AddedHistory
ABBVAbbVie Inc.Stock363,282$48.9M2.8%+2,981+0.8%AddedHistory
RTXRTX CorpStock493,404$48.3M2.8%+2,117+0.4%AddedHistory
PGProcter & Gamble CoStock317,526$48.2M2.8%+1,338+0.4%AddedHistory
JPMJPMorgan Chase & CoStock330,186$48.0M2.8%+5,894+1.8%AddedHistory
NEENextera Energy IncStock638,277$47.4M2.7%+11,632+1.9%AddedHistory
CLColgate Palmolive CoStock606,553$46.7M2.7%+7,970+1.3%AddedHistory
IBMInternational Business Machines CorpStock342,399$45.8M2.6%+6,927+2.1%AddedHistory
GISGeneral Mills IncStock584,506$44.8M2.6%−10,236−1.7%ReducedHistory
EMREmerson Electric CoStock492,701$44.5M2.6%+8,114+1.7%AddedHistory
PAYXPaychex IncStock391,362$43.8M2.5%+5,787+1.5%AddedHistory
KMBKimberly Clark CorpStock313,975$43.3M2.5%+396+0.1%AddedHistory
ULUnilever PLCSPON ADR NEW804,581$41.9M2.4%−1,214−0.2%ReducedHistory
QCOMQualcomm IncStock351,668$41.9M2.4%+13,982+4.1%AddedHistory
EDConsolidated Edison IncStock459,851$41.6M2.4%−740−0.2%ReducedHistory
CINFCincinnati Financial CorpCOM395,461$38.5M2.2%+5,942+1.5%AddedHistory
VZVerizon Communications IncStock960,145$35.7M2.0%+46,807+5.1%AddedHistory
PFEPfizer IncStock949,219$34.8M2.0%+50,693+5.6%AddedHistory
TXNTexas Instruments IncStock183,637$33.1M1.9%+13,015+7.6%AddedHistory
TFCTruist Financial CorpCOM1,006,035$30.5M1.8%+119,471+13.5%AddedHistory
KOCoca Cola CoStock216,052$13.0M0.7%+8,333+4.0%AddedHistory
NVDANVIDIA CorpStock24,583$10.4M0.6%−2,337−8.7%ReducedHistory
CATCaterpillar IncStock34,621$8.52M0.5%+1,270+3.8%AddedHistory
Vanguard S&P 500 ETF922908363ETF20,403$8.31M0.5%+765+3.9%Added–
iShares Core S&P 500 ETF464287200ETF18,036$8.04M0.5%−29−0.2%Reduced–
AMZNAmazon Com IncStock56,491$7.36M0.4%+1,743+3.2%AddedHistory
DEDeere & CoStock17,470$7.08M0.4%+791+4.7%AddedHistory
ORCLOracle CorpStock54,576$6.50M0.4%+484+0.9%AddedHistory
GOOGLAlphabet Inc.Stock52,202$6.25M0.4%+1,865+3.7%AddedHistory
ABTAbbott LaboratoriesStock54,006$5.89M0.3%+2,584+5.0%AddedHistory
VMCVulcan Materials COCOM25,514$5.75M0.3%+459+1.8%AddedHistory
CSCOCisco Systems, Inc.Stock108,806$5.63M0.3%+7,086+7.0%AddedHistory
VVisa Inc.Stock23,565$5.60M0.3%+762+3.3%AddedHistory
BMYBristol Myers Squibb CoStock84,116$5.38M0.3%+4,955+6.3%AddedHistory
GLGlobe Life Inc.COM47,054$5.16M0.3%−714−1.5%ReducedHistory
TAT&T Inc.Stock317,533$5.06M0.3%+18,431+6.2%AddedHistory
SYKStryker CorpStock16,421$5.01M0.3%+506+3.2%AddedHistory
TJXTJX Companies IncStock58,363$4.95M0.3%+2,433+4.4%AddedHistory
MAMastercard IncStock12,250$4.82M0.3%+538+4.6%AddedHistory
BXBlackstone Inc.COM51,685$4.81M0.3%+3,748+7.8%AddedHistory
SHWSherwin Williams CoCOM17,972$4.77M0.3%+1,188+7.1%AddedHistory
AMDAdvanced Micro Devices IncStock40,451$4.61M0.3%+2,302+6.0%AddedHistory
ACNAccenture plcStock14,796$4.57M0.3%+881+6.3%AddedHistory
GSGoldman Sachs Group IncStock13,243$4.27M0.2%+971+7.9%AddedHistory
DISWalt Disney CoStock46,288$4.13M0.2%+4,080+9.7%AddedHistory
TGTTarget CorpStock30,860$4.07M0.2%+3,017+10.8%AddedHistory
DGDollar General CorpCOM20,791$3.53M0.2%+2,998+16.8%AddedHistory
MRKMerck & Co., Inc.Stock30,045$3.47M0.2%+255+0.9%AddedHistory
LLYEli Lilly & CoStock5,469$2.56M0.1%−256−4.5%ReducedHistory
AFLAflac IncStock33,848$2.36M0.1%00.0%UnchangedHistory
WMTWalmart Inc.Stock14,175$2.23M0.1%−599−4.1%ReducedHistory
AXPAmerican Express CoStock12,430$2.17M0.1%00.0%UnchangedHistory
RFRegions Financial CorpCOM119,889$2.14M0.1%+2,147+1.8%AddedHistory
SNVSynovus Financial CorpCOM NEW66,839$2.02M0.1%+3,821+6.1%AddedHistory
PMPhilip Morris International Inc.Stock20,398$1.99M0.1%+90.0%AddedHistory
GGGGraco IncCOM21,391$1.85M0.1%00.0%UnchangedHistory
AONAon plcCL A5,272$1.82M0.1%−174−3.2%ReducedHistory
MOAltria Group, Inc.Stock38,766$1.76M0.1%−455−1.2%ReducedHistory
GOOGAlphabet Inc.Stock11,963$1.45M0.1%−80−0.7%ReducedHistory
GPCGenuine Parts CoStock8,151$1.38M0.1%00.0%UnchangedHistory
SPYSPDR S&P 500 ETF TrustETF2,915$1.29M0.1%−314−9.7%ReducedHistory
NOCNorthrop Grumman CorpStock2,789$1.27M0.1%+16+0.6%AddedHistory
NVSNovartis AGADR11,793$1.19M0.1%00.0%UnchangedHistory
UCBUnited Community Banks IncCOM44,381$1.11M0.1%00.0%UnchangedHistory
WELLWelltower Inc.REIT13,400$1.08M0.1%00.0%UnchangedHistory
GLDSPDR Gold TrustETF5,957$1.06M0.1%+432+7.8%AddedHistory
WMWaste Management IncStock5,925$1.03M0.1%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock1,907$1.03M0.1%+64+3.5%AddedHistory
MDLZMondelez International, Inc.Stock13,585$990.9K0.1%+10.0%AddedHistory
DUKDuke Energy CORPStock10,985$985.8K0.1%+30.0%AddedHistory
INTCIntel CorpStock28,598$956.3K0.1%−263−0.9%ReducedHistory
COPConocoPhillipsStock9,094$942.2K0.1%−30−0.3%ReducedHistory
Pacer Trendpilot US Large Cap ETF69374H105ETF22,545$931.1K0.1%−370−1.6%Reduced–
Vanguard Scottsdale FDS92206C730VNG RUS1000IDX4,495$906.0K0.1%00.0%Unchanged–
BACBank of America CorpStock30,658$879.6K0.1%−2,499−7.5%ReducedHistory
RSGRepublic Services, Inc.COM5,735$878.4K0.1%00.0%UnchangedHistory
DEODiageo PLCSPON ADR NEW4,400$763.3K<0.1%00.0%UnchangedHistory
Invesco QQQ Trust Series I46090E103ETF1,966$726.3K<0.1%−389−16.5%Reduced–
YUMYum Brands IncStock4,973$689.1K<0.1%00.0%UnchangedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR86,351$663.2K<0.1%−15,118−14.9%ReducedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF2,859$629.3K<0.1%+212+8.0%Added–
RYRoyal Bank of CanadaStock6,390$610.3K<0.1%00.0%UnchangedHistory
Vanguard High Dividend Yield Index ETF921946406ETF5,727$607.5K<0.1%00.0%Unchanged–
MLMMartin Marietta Materials IncCOM1,274$588.2K<0.1%+103+8.8%AddedHistory
HONHoneywell International IncCOM2,832$587.6K<0.1%−100−3.4%ReducedHistory
WFCWells Fargo & CompanyStock13,528$577.4K<0.1%+498+3.8%AddedHistory
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF6,164$566.0K<0.1%−5,915−49.0%Reduced–
DOWDow Inc.Stock10,572$563.1K<0.1%−86−0.8%ReducedHistory
CRGYCrescent Energy CoCL A COM53,272$555.1K<0.1%00.0%UnchangedHistory

Sold out since Q1 2023 (9)

Positions held at the end of Q1 2023 that are gone from this filing.

Positions of Welch Group, LLC sold out since Q1 2023
SecurityClassShares in Q1 2023Value in Q1 2023% of portfolio in Q1 2023History
MMM3M CoStock3,239$340.5K<0.1%History
State Street Financial Select Sector SPDR ETF81369Y605ETF9,556$307.2K<0.1%–
MOSMosaic CoCOM5,646$259.0K<0.1%History
USBUS Bancorp DECOM NEW6,826$246.1K<0.1%History
State Street SPDR S&P Semiconductor ETF78464A862ETF1,106$230.7K<0.1%–
TMOThermo Fisher Scientific Inc.Stock369$212.7K<0.1%History
IEPIcahn Enterprises L.P.DEPOSITARY UNIT4,071$210.5K<0.1%History
IPInternational Paper CoCOM5,796$209.0K<0.1%History
NKENIKE, Inc.Stock1,678$205.8K<0.1%History