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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 4 of 4  ·  69 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 PBT PERMIAN BASIN RTY TR Energy 19,298.0 $415K 0.02% +2K +8.4% $21.52 +39.3%
62 DXJ WISDOMTREE TR 2,591.0 $411K 0.01% +395.0 +18.0% $158.58 +8.0%
63 MMM 3M CO Industrials 2,435.0 $354K 0.01% +801.0 +49.0% $145.24 +6.1%
64 SLB SLB LIMITED Energy 6,784.0 $349K 0.01% +285.0 +4.4% $51.39 +12.8%
65 TECK TECK RESOURCES LTD Basic Materials 6,266.0 $324K 0.01% +367.0 +6.2% $51.75 +26.0%
66 IJR ISHARES TR 2,382.0 $296K 0.01% +14.0 +0.6% $124.33 +12.2%
67 BLUE OWL CAPITAL CORPORATION 25,346.0 $280K 0.01% +6K +28.2% $11.06
68 MPT MEDICAL PROPERTIES TRUST INC Financial Services 49,222.0 $228K 0.01% +3K +7.3% $4.63 +9.1%
69 SJT SAN JUAN BASIN RTY TR Energy 30,008.0 $144K 0.01% +8K +36.4% $4.80 -14.4%
Page 4 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%