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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 5  ·  84 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 PM PHILIP MORRIS INTL INC Consumer Defensive 21,466.0 $3.5M 0.13% -314.0 -1.4% $165.34 +14.3%
22 SPY STATE STR SPDR S&P 500 ETF T Financial Services 5,297.0 $3.4M 0.13% -8K -60.1% $650.33 +14.7%
23 T AT&T INC Communication Services 86,777.0 $2.5M 0.10% -2K -2.0% $28.99 -12.9%
24 SHY ISHARES TR 29,463.0 $2.4M 0.09% -16K -35.4% $82.57 -0.5%
25 COST COSTCO WHOLESALE CORPORATION Consumer Defensive 2,029.0 $2.0M 0.08% -257.0 -11.2% $996.44 +3.2%
26 NOC NORTHROP GRUMMAN CORP Industrials 2,770.0 $1.9M 0.07% -46.0 -1.6% $682.24 -18.6%
27 WM WASTE MGMT INC DEL Industrials 8,216.0 $1.9M 0.07% -100.0 -1.2% $229.78 -5.2%
28 DUK DUKE ENERGY CORP NEW Utilities 12,807.0 $1.7M 0.06% -563.0 -4.2% $130.94 -4.0%
29 COP CONOCOPHILLIPS Energy 11,538.0 $1.5M 0.06% -125.0 -1.1% $132.00 -8.7%
30 BAC BANK AMERICA CORP Financial Services 30,511.0 $1.5M 0.06% -608.0 -1.9% $48.75 +6.3%
31 SLV ISHARES SILVER TR Financial Services 21,791.0 $1.5M 0.06% -5K -20.0% $68.14 +0.3%
32 BBVA BANCO BILBAO VIZCAYA ARGENTA Financial Services 67,195.0 $1.5M 0.06% -1K -1.9% $21.66 +3.3%
33 NVS NOVARTIS AG Healthcare 9,466.0 $1.4M 0.05% -190.0 -2.0% $152.75 -0.5%
34 GPC GENUINE PARTS CO Consumer Cyclical 13,556.0 $1.4M 0.05% -317.0 -2.3% $105.75 -7.4%
35 NEM NEWMONT CORP Basic Materials 12,080.0 $1.3M 0.05% -277.0 -2.2% $108.25 -0.6%
36 MDLZ MONDELEZ INTL INC Consumer Defensive 18,981.0 $1.1M 0.04% -442.0 -2.3% $57.64 +7.1%
37 BLK BLACKROCK INC Financial Services 1,104.0 $1.1M 0.04% -35.0 -3.1% $961.75 +11.6%
38 CB CHUBB LTD SWITZ Financial Services 3,204.0 $1.0M 0.04% -33.0 -1.0% $325.93 +0.6%
39 SMH VANECK ETF TRUST 2,719.0 $1.0M 0.04% -16.0 -0.6% $383.40 +50.3%
40 VYM VANGUARD WHITEHALL FDS 6,955.0 $1.0M 0.04% -155.0 -2.2% $148.10 +7.2%
Page 2 of 5  ·  84 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%