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Welch Group, LLC

SEC CIK
0001443095
Latest filing
Jul 23, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Jan 23, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
228
+13 vs. Q3 2023
Portfolio value
$1.86B
+$168.9M (+10.0%) vs. Q3 2023
Filed
Jan 23, 2024
SEC
Holdings of Welch Group, LLC in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
SFBSServisFirst Bancshares, Inc.COM1,299,473$86.6M4.7%−2,484−0.2%ReducedHistory
MSFTMicrosoft CorpStock218,856$82.3M4.4%−4,812−2.2%ReducedHistory
AAPLApple Inc.Stock367,709$70.8M3.8%−2,151−0.6%ReducedHistory
HDHome Depot, Inc.Stock170,810$59.2M3.2%+2,394+1.4%AddedHistory
AJGArthur J. Gallagher & Co.COM255,932$57.6M3.1%−5,412−2.1%ReducedHistory
ABBVAbbVie Inc.Stock368,946$57.2M3.1%+5,463+1.5%AddedHistory
IBMInternational Business Machines CorpStock343,845$56.2M3.0%+1,771+0.5%AddedHistory
JPMJPMorgan Chase & CoStock328,466$55.9M3.0%+701+0.2%AddedHistory
MCDMcDonalds CorpStock186,937$55.4M3.0%+3,088+1.7%AddedHistory
SOSouthern CoStock777,822$54.5M2.9%+8,185+1.1%AddedHistory
QCOMQualcomm IncStock372,358$53.9M2.9%+7,056+1.9%AddedHistory
CVXChevron CorpStock354,856$52.9M2.9%+8,643+2.5%AddedHistory
LMTLockheed Martin CorpStock111,685$50.6M2.7%+2,245+2.1%AddedHistory
XOMExxonMobil Holdings CorpCOM504,732$50.5M2.7%+7,504+1.5%AddedHistory
CLColgate Palmolive CoStock631,892$50.4M2.7%+12,755+2.1%AddedHistory
PEPPepsiCo IncStock289,561$49.2M2.6%+6,494+2.3%AddedHistory
JNJJohnson & JohnsonStock312,238$48.9M2.6%+6,239+2.0%AddedHistory
EMREmerson Electric CoStock497,199$48.4M2.6%+8,412+1.7%AddedHistory
PAYXPaychex IncStock398,412$47.5M2.6%+5,227+1.3%AddedHistory
PGProcter & Gamble CoStock320,432$47.0M2.5%+3,353+1.1%AddedHistory
RTXRTX CorpStock529,415$44.5M2.4%+14,057+2.7%AddedHistory
EDConsolidated Edison IncStock474,067$43.1M2.3%+9,138+2.0%AddedHistory
NEENextera Energy IncStock699,039$42.5M2.3%+35,968+5.4%AddedHistory
CINFCincinnati Financial CorpCOM409,631$42.4M2.3%+5,812+1.4%AddedHistory
GISGeneral Mills IncStock615,389$40.1M2.2%+16,883+2.8%AddedHistory
ULUnilever PLCSPON ADR NEW824,466$40.0M2.2%+18,019+2.2%AddedHistory
KMBKimberly Clark CorpStock325,154$39.5M2.1%+5,896+1.8%AddedHistory
VZVerizon Communications IncStock1,037,218$39.1M2.1%+20,508+2.0%AddedHistory
TXNTexas Instruments IncStock205,478$35.0M1.9%+8,781+4.5%AddedHistory
PFEPfizer IncStock924,305$26.6M1.4%−55,431−5.7%ReducedHistory
TFCTruist Financial CorpCOM716,626$26.5M1.4%−372,478−34.2%ReducedHistory
State Street Financial Select Sector SPDR ETF81369Y605ETF413,828$15.6M0.8%+384,962+1,333.6%Added–
KOCoca Cola CoStock220,048$13.0M0.7%+4,793+2.2%AddedHistory
iShares Core S&P 500 ETF464287200ETF24,942$11.9M0.6%+7,440+42.5%Added–
NVDANVIDIA CorpStock22,437$11.1M0.6%−1,290−5.4%ReducedHistory
CATCaterpillar IncStock34,760$10.3M0.6%−10.0%ReducedHistory
Vanguard S&P 500 ETF922908363ETF20,301$8.87M0.5%+100.0%Added–
AMZNAmazon Com IncStock55,089$8.37M0.5%+179+0.3%AddedHistory
DEDeere & CoStock18,735$7.49M0.4%+976+5.5%AddedHistory
GOOGLAlphabet Inc.Stock51,870$7.25M0.4%−767−1.5%ReducedHistory
BXBlackstone Inc.COM52,514$6.88M0.4%+187+0.4%AddedHistory
VVisa Inc.Stock24,334$6.34M0.3%+284+1.2%AddedHistory
AMDAdvanced Micro Devices IncStock41,455$6.11M0.3%+40.0%AddedHistory
ORCLOracle CorpStock55,838$5.89M0.3%+1,212+2.2%AddedHistory
VMCVulcan Materials COCOM25,597$5.81M0.3%−370−1.4%ReducedHistory
ABTAbbott LaboratoriesStock52,747$5.81M0.3%+116+0.2%AddedHistory
SHWSherwin Williams CoCOM18,443$5.75M0.3%+210+1.2%AddedHistory
GLGlobe Life Inc.COM46,514$5.66M0.3%+849+1.9%AddedHistory
CSCOCisco Systems, Inc.Stock110,988$5.61M0.3%+1,266+1.2%AddedHistory
TJXTJX Companies IncStock58,348$5.47M0.3%−408−0.7%ReducedHistory
GSGoldman Sachs Group IncStock14,001$5.40M0.3%+290+2.1%AddedHistory
MAMastercard IncStock12,600$5.37M0.3%+150+1.2%AddedHistory
ACNAccenture plcStock15,183$5.33M0.3%+113+0.7%AddedHistory
SYKStryker CorpStock16,886$5.06M0.3%+242+1.5%AddedHistory
TGTTarget CorpStock33,140$4.72M0.3%+180+0.5%AddedHistory
DISWalt Disney CoStock48,427$4.37M0.2%+42+0.1%AddedHistory
BMYBristol Myers Squibb CoStock83,550$4.29M0.2%−4,323−4.9%ReducedHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF30,946$4.22M0.2%+21,760+236.9%Added–
CARRCarrier Global CorpStock67,982$3.91M0.2%+4,457+7.0%AddedHistory
DGDollar General CorpCOM27,545$3.74M0.2%+2,881+11.7%AddedHistory
MRKMerck & Co., Inc.Stock29,810$3.25M0.2%−270−0.9%ReducedHistory
LLYEli Lilly & CoStock5,299$3.09M0.2%−218−4.0%ReducedHistory
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF33,370$3.05M0.2%−6,164−15.6%Reduced–
AFLAflac IncStock33,866$2.79M0.2%+18+0.1%AddedHistory
AXPAmerican Express CoStock13,342$2.50M0.1%+1,000+8.1%AddedHistory
RFRegions Financial CorpCOM123,954$2.40M0.1%+3,903+3.3%AddedHistory
SNVSynovus Financial CorpCOM NEW63,790$2.40M0.1%−3,155−4.7%ReducedHistory
WMTWalmart Inc.Stock14,067$2.22M0.1%+60.0%AddedHistory
GGGGraco IncCOM22,291$1.93M0.1%+900+4.2%AddedHistory
PMPhilip Morris International Inc.Stock20,421$1.92M0.1%+13+0.1%AddedHistory
GOOGAlphabet Inc.Stock12,894$1.82M0.1%+876+7.3%AddedHistory
SPYSPDR S&P 500 ETF TrustETF3,744$1.78M0.1%+908+32.0%AddedHistory
MOAltria Group, Inc.Stock38,843$1.57M0.1%+41+0.1%AddedHistory
AONAon plcCL A5,272$1.53M0.1%00.0%UnchangedHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF7,182$1.38M0.1%+2,752+62.1%Added–
NOCNorthrop Grumman CorpStock2,784$1.30M0.1%00.0%UnchangedHistory
GPCGenuine Parts CoStock9,090$1.26M0.1%+939+11.5%AddedHistory
COPConocoPhillipsStock9,945$1.15M0.1%+791+8.6%AddedHistory
COSTCostco Wholesale CorpStock1,726$1.14M0.1%−23−1.3%ReducedHistory
RSGRepublic Services, Inc.COM6,735$1.11M0.1%+1,000+17.4%AddedHistory
TAT&T Inc.Stock66,174$1.11M0.1%+579+0.9%AddedHistory
UCBUnited Community Banks IncCOM37,714$1.10M0.1%−6,667−15.0%ReducedHistory
GLDSPDR Gold TrustETF5,772$1.10M0.1%−29−0.5%ReducedHistory
NVSNovartis AGADR10,782$1.09M0.1%−123−1.1%ReducedHistory
DUKDuke Energy CORPStock11,180$1.08M0.1%+195+1.8%AddedHistory
MDLZMondelez International, Inc.Stock14,886$1.08M0.1%+1,301+9.6%AddedHistory
HONHoneywell International IncCOM4,996$1.05M0.1%+1,889+60.8%AddedHistory
WMWaste Management IncStock5,825$1.04M0.1%−100−1.7%ReducedHistory
INTCIntel CorpStock20,108$1.01M0.1%−366−1.8%ReducedHistory
iShares Tr4642874571 3 YR TREAS BD12,195$1.00M0.1%+12,195New–
Vanguard Scottsdale FDS92206C730VNG RUS1000IDX4,494$974.9K0.1%00.0%Unchanged–
Pacer Trendpilot US Large Cap ETF69374H105ETF22,322$965.9K0.1%−223−1.0%Reduced–
WELLWelltower Inc.REIT10,700$964.8K0.1%00.0%UnchangedHistory
BACBank of America CorpStock27,266$918.1K<0.1%−791−2.8%ReducedHistory
METAMeta Platforms, Inc.Stock2,501$885.3K<0.1%+643+34.6%AddedHistory
BBVABanco Bilbao Vizcaya Argentaria, S.A.SPONSORED ADR83,096$757.0K<0.1%−3,255−3.8%ReducedHistory
WFCWells Fargo & CompanyStock14,666$721.8K<0.1%+1,503+11.4%AddedHistory
CRCrane CoCOMMON STOCK6,000$708.8K<0.1%+1,500+33.3%AddedHistory
CRGYCrescent Energy CoCL A COM53,272$703.7K<0.1%00.0%UnchangedHistory
MLMMartin Marietta Materials IncCOM1,374$685.5K<0.1%+100+7.8%AddedHistory

Sold out since Q3 2023 (7)

Positions held at the end of Q3 2023 that are gone from this filing.

Positions of Welch Group, LLC sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
SHELShell plcADR3,446$221.9K<0.1%History
YUMCYum China Holdings, Inc.COM3,950$220.1K<0.1%History
CAGConagra Brands Inc.Stock7,535$206.6K<0.1%History
iShares Russell 1000 Growth ETF464287614ETF775$206.1K<0.1%–
CVSCVS Health CorpStock2,926$204.3K<0.1%History
LUMNLumen Technologies, Inc.Stock28,100$39.9K<0.1%History
NAKNorthern Dynasty Minerals LtdCOM NEW10,000$3.25K<0.1%History