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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 16 of 16  ·  310 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 ABEV AMBEV SA Consumer Defensive 45,191.0 $132K 0.01% -300.0 -0.7% $2.92 +9.6%
302 AGNC AGNC INVT CORP Real Estate 10,064.0 $101K 0.00% NEW $10.03 +1.8%
303 MARINE PETE TR 15,956.0 $85K 0.00% NEW $5.30
304 KSCP KNIGHTSCOPE INC Industrials 20,000.0 $83K 0.00% NEW $4.17 -28.1%
305 MTR MESA RTY TR Energy 16,370.0 $80K 0.00% $4.86 -20.2%
306 BITFARMS LTD 32,740.0 $64K 0.00% $1.95
307 GTN GRAY MEDIA INC Communication Services 12,369.0 $54K 0.00% $4.34 -6.2%
308 UROY URANIUM RTY CORP Energy 14,110.0 $52K 0.00% $3.65 -7.7%
309 WWR WESTWATER RES INC Basic Materials 22,954.0 $15K 0.00% $0.65 -12.5%
310 CTM CASTELLUM INC Technology 10,000.0 $6K $0.59 +17.0%
Page 16 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%