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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 11 of 16  ·  310 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 AMGN AMGEN INC Healthcare 1,183.0 $416K 0.02% $351.79 -3.6%
202 PBT PERMIAN BASIN RTY TR Energy 19,298.0 $415K 0.02% +2K +8.4% $21.52 +44.1%
203 CEG CONSTELLATION ENERGY CORP Utilities 1,487.0 $415K 0.02% $279.25 +5.3%
204 DXJ WISDOMTREE TR 2,591.0 $411K 0.01% +395.0 +18.0% $158.58 +6.9%
205 MGV VANGUARD WORLD FD 2,813.0 $408K 0.01% -259.0 -8.4% $144.95 +8.3%
206 IJH ISHARES TR 5,906.0 $399K 0.01% $67.53 +8.8%
207 XEL XCEL ENERGY INC Utilities 4,989.0 $396K 0.01% -290.0 -5.5% $79.44 +2.1%
208 GPN GLOBAL PMTS INC Industrials 5,835.0 $393K 0.01% $67.30 +8.9%
209 ADP AUTOMATIC DATA PROCESSING IN Industrials 1,927.0 $392K 0.01% -22.0 -1.1% $203.19 +10.9%
210 MUB ISHARES TR 3,629.0 $385K 0.01% $106.15 +0.0%
211 AEM AGNICO EAGLE MINES LTD Basic Materials 1,892.0 $384K 0.01% -211.0 -10.0% $202.98 -13.3%
212 SHEL SHELL PLC Energy 4,115.0 $383K 0.01% $93.01 -7.8%
213 MS MORGAN STANLEY Financial Services 2,321.0 $382K 0.01% -50.0 -2.1% $164.57 +22.2%
214 TSPA T ROWE PRICE ETF INC 9,238.0 $378K 0.01% $40.90 +15.2%
215 ROST ROSS STORES INC Consumer Cyclical 1,739.0 $377K 0.01% $216.63 +8.4%
216 APD AIR PRODUCTS AND CHEMICALS I Basic Materials 1,281.0 $372K 0.01% -16.0 -1.2% $290.49 -0.4%
217 VDE VANGUARD WORLD FD 2,141.0 $370K 0.01% $173.04 -2.9%
218 TRN TRINITY INDS INC Industrials 11,500.0 $370K 0.01% $32.18 +1.7%
219 LHX L3HARRIS TECHNOLOGIES INC Industrials 1,068.0 $369K 0.01% $345.15 -9.6%
220 GFF GRIFFON CORP Industrials 5,000.0 $363K 0.01% $72.68 +16.8%
Page 11 of 16  ·  310 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%