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Portfolio (Quarterly) Guide ↗

Godshalk Welsh Capital Management, Inc.

· CIK 0001631775
13F Portfolio $175M AUM 132 positions Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 8 New 31 Added 39 Reduced 7 Exited
Page 1 of 2  ·  39 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 MSFT Microsoft Corporation Technology 20,075.0 $9.7M 5.54% -255.0 -1.2% $483.62 -13.5%
2 AAPL Apple Inc Technology 32,667.0 $8.9M 5.07% -660.0 -2.0% $271.86 +13.6%
3 GOOGL Alphabet Inc Cl A Communication Services 18,015.0 $5.6M 3.22% -330.0 -1.8% $313.00 +22.4%
4 INTU Intuit Inc Technology 7,425.0 $4.9M 2.81% -50.0 -0.7% $662.42 -51.7%
5 COST Costco Wholesale Corp Consumer Defensive 5,676.0 $4.9M 2.79% -102.0 -1.8% $862.34 +19.2%
6 Berkshire Hathaway Inc Cl B 9,558.0 $4.8M 2.74% -110.0 -1.1% $502.65
7 AXP American Express Financial Services 10,795.0 $4.0M 2.28% -390.0 -3.5% $369.95 -15.7%
8 Globus Medical Inc A 40,000.0 $3.5M 1.99% -10K -20.0% $87.31
9 WRB WR Berkley Corp Financial Services 45,270.0 $3.2M 1.81% -649.0 -1.4% $70.12 -3.7%
10 JPM JP Morgan Chase & Co Financial Services 9,580.0 $3.1M 1.76% -110.0 -1.1% $322.22 -4.9%
11 BAC Bank of America Corp Financial Services 44,320.0 $2.4M 1.39% -900.0 -2.0% $55.00 -5.8%
12 WM Waste Management Inc Industrials 8,740.0 $1.9M 1.10% -50.0 -0.6% $219.71 -0.8%
13 TJX TJX Companies Inc Consumer Cyclical 12,250.0 $1.9M 1.07% -240.0 -1.9% $153.61 +3.0%
14 LOW Lowes Companies Inc Consumer Cyclical 7,540.0 $1.8M 1.04% -125.0 -1.6% $241.16 -10.8%
15 ECL Ecolab Inc Basic Materials 4,960.0 $1.3M 0.74% -60.0 -1.2% $262.52 -3.5%
16 MRK Merck & Co Healthcare 12,205.0 $1.3M 0.73% -150.0 -1.2% $105.26 +16.3%
17 GLW Corning Inc Technology 13,575.0 $1.2M 0.68% -75.0 -0.6% $87.56 +121.6%
18 Nestle SA ADR 10,250.0 $1.0M 0.58% -550.0 -5.1% $98.78
19 ZTS Zoetis Inc Healthcare 7,950.0 $1.0M 0.57% -150.0 -1.9% $125.82 -35.4%
20 AMT American Tower Corp Real Estate 5,675.0 $996K 0.57% -300.0 -5.0% $175.57 +4.7%
Page 1 of 2  ·  39 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 29.7%
Financial Services 15.5%
Consumer Defensive 10.9%
Industrials 10.5%
Consumer Cyclical 8.2%
Healthcare 8.0%
Communication Services 7.4%
Energy 3.9%
Utilities 2.8%
Basic Materials 2.3%