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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 2 of 7  ·  132 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 IBDU iShares iBonds Dec 2029 Term C 99,900.0 $2.3M 1.33% +33K +50.3% $23.41 -1.1%
22 FDVV Fidelity High Dividend 37,109.0 $2.1M 1.20% +1K +2.9% $56.69 +6.1%
23 PG Procter & Gamble Consumer Defensive 14,345.0 $2.1M 1.17% $143.31 -0.6%
24 ADP Automatic Data Processing Industrials 7,975.0 $2.1M 1.17% $257.23 -14.4%
25 IBDR iShares iBonds Dec 2026 Term C 84,375.0 $2.0M 1.17% +7K +9.4% $24.23 -0.0%
26 PAYX Paychex Inc Industrials 17,380.0 $1.9M 1.11% $112.18 -16.0%
27 HD Home Depot Inc Consumer Cyclical 5,659.0 $1.9M 1.11% $344.10 -8.8%
28 WM Waste Management Inc Industrials 8,740.0 $1.9M 1.10% -50.0 -0.6% $219.71 -0.1%
29 TJX TJX Companies Inc Consumer Cyclical 12,250.0 $1.9M 1.07% -240.0 -1.9% $153.61 +3.6%
30 LOW Lowes Companies Inc Consumer Cyclical 7,540.0 $1.8M 1.04% -125.0 -1.6% $241.16 -9.9%
31 TCAF T Rowe Price Capital Apprec Eq 46,525.0 $1.8M 1.01% +2K +3.3% $38.22 +5.6%
32 SYY Sysco Corporation Consumer Defensive 22,690.0 $1.7M 0.95% $73.69 +2.4%
33 CVX Chevron Corp Energy 10,500.0 $1.6M 0.91% +125.0 +1.2% $152.41 +25.3%
34 BX Blackstone Group Inc Financial Services 10,020.0 $1.5M 0.88% $154.14 -23.1%
35 RTX RTX Corp Industrials 8,221.0 $1.5M 0.86% $183.40 -4.7%
36 WMT Walmart Inc Consumer Defensive 13,380.0 $1.5M 0.85% $111.41 +17.4%
37 SUB iShares Short Term Nat Muni Bd 13,950.0 $1.5M 0.85% +325.0 +2.4% $106.70 -0.4%
38 VIG Vanguard Div Appreciation 6,614.0 $1.5M 0.83% $219.78 +5.1%
39 IBDV iShares iBonds Dec 2030 Term C 61,600.0 $1.4M 0.78% +24K +61.7% $22.07 -1.4%
40 V Visa Inc Financial Services 3,780.0 $1.3M 0.76% +40.0 +1.1% $350.72 -5.7%
Page 2 of 7  ·  132 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%