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Portfolio (Quarterly) Guide ↗

Welch Group, LLC

· CIK 0001443095
13F Portfolio $2.7B AUM 310 positions Filed Apr 21, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 24 New 69 Added 84 Reduced 23 Exited
Page 2 of 4  ·  69 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 TGT TARGET CORP Consumer Defensive 79,640.0 $9.7M 0.36% +18K +29.4% $121.20 +3.1%
22 BX BLACKSTONE INC Financial Services 80,773.0 $9.3M 0.35% +14K +20.6% $114.99 +2.4%
23 MA MASTERCARD INCORPORATED Financial Services 18,305.0 $9.1M 0.34% +1K +8.1% $499.67 -1.1%
24 ABT ABBOTT LABORATORIES Healthcare 88,991.0 $9.1M 0.34% +8K +9.5% $102.67 -15.5%
25 SYK STRYKER CORPORATION Healthcare 26,848.0 $8.8M 0.33% +2K +6.1% $328.59 -4.9%
26 SHW SHERWIN WILLIAMS CO Basic Materials 26,902.0 $8.6M 0.32% +2K +6.0% $320.55 -3.0%
27 CARR CARRIER GLOBAL CORPORATION Industrials 143,179.0 $8.1M 0.30% +17K +13.6% $56.31 +15.2%
28 PANW PALO ALTO NETWORKS INC Technology 49,841.0 $8.0M 0.30% +9K +21.1% $160.32 +60.7%
29 AMAT APPLIED MATLS INC Technology 21,881.0 $7.5M 0.28% +20K +1040.8% $341.79 +32.5%
30 TSLA TESLA INC Consumer Cyclical 16,721.0 $6.2M 0.23% +14K +420.6% $371.75 +16.2%
31 GLDM WORLD GOLD TR Financial Services 49,521.0 $4.6M 0.17% +28K +135.4% $92.69 -4.2%
32 MRK MERCK & CO INC Healthcare 36,783.0 $4.4M 0.17% +2K +6.7% $120.29 +0.2%
33 NSC NORFOLK SOUTHN CORP Industrials 14,503.0 $4.2M 0.16% +11K +364.4% $286.99 +11.4%
34 RF REGIONS FINANCIAL CORP NEW Financial Services 150,235.0 $3.9M 0.15% +3K +1.9% $26.12 +7.6%
35 VGSH VANGUARD SCOTTSDALE FDS 66,335.0 $3.9M 0.15% +3K +4.6% $58.54 -0.5%
36 QQQ INVESCO QQQ TR Financial Services 4,426.0 $2.6M 0.10% +102.0 +2.4% $577.23 +26.3%
37 PLTR PALANTIR TECHNOLOGIES INC Technology 11,002.0 $1.6M 0.06% +6K +105.6% $146.28 -6.3%
38 VTI VANGUARD INDEX FDS 4,595.0 $1.5M 0.06% +645.0 +16.3% $320.79 +15.1%
39 IEI ISHARES TR 12,385.0 $1.5M 0.06% +8K +216.2% $118.60 -1.0%
40 OKE ONEOK INC NEW Energy 14,859.0 $1.3M 0.05% +122.0 +0.8% $90.39 +1.1%
Page 2 of 4  ·  69 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 20.3%
Financial Services 16.8%
Industrials 13.9%
Utilities 10.5%
Healthcare 10.2%
Consumer Defensive 9.7%
Energy 7.3%
Consumer Cyclical 6.6%
Communication Services 3.8%
Basic Materials 0.8%