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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 4 of 7  ·  132 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 IDA IdaCorp Incorporated Utilities 7,336.0 $928K 0.53% $126.56 +11.9%
62 IBMP iShares iBonds Dec 2027 Term M 36,300.0 $922K 0.53% +4K +12.4% $25.39 -0.2%
63 PSX Phillips 66 Energy 7,125.0 $919K 0.53% $129.04 +39.0%
64 IBMQ iShares iBonds Dec 2028 Term M 35,300.0 $903K 0.52% +6K +20.5% $25.58 -0.4%
65 YUM YUM! Brands Inc Consumer Cyclical 5,955.0 $901K 0.51% -525.0 -8.1% $151.28 +0.9%
66 RPM RPM International Basic Materials 8,555.0 $890K 0.51% $104.00 -5.3%
67 IBMO iShares iBonds Dec 2026 Term M 32,500.0 $833K 0.48% +4K +14.0% $25.64 -0.0%
68 COP ConocoPhillips Energy 8,680.0 $813K 0.46% $93.61 +28.8%
69 IBMR iShares iBonds Dec 2029 Term M 31,300.0 $796K 0.46% +8K +31.5% $25.43 -0.6%
70 NEE NextEra Energy Inc Utilities 9,660.0 $776K 0.44% -340.0 -3.4% $80.28 +11.7%
71 iShares iBonds Dec 2030 Term M 28,100.0 $732K 0.42% +19K +212.2% $26.06
72 Cigna Corp 2,655.0 $731K 0.42% $275.23
73 QQQ Invesco QQQ Trust Financial Services 1,185.0 $728K 0.42% -50.0 -4.0% $614.31 +16.3%
74 WTRG Essential Utilities Inc Utilities 18,711.0 $718K 0.41% -4K -18.5% $38.36 -4.7%
75 VNQ Vanguard REIT 8,085.0 $715K 0.41% +150.0 +1.9% $88.49 +9.2%
76 IUSG iShares Core S&P US Growth 4,255.0 $715K 0.41% -60.0 -1.4% $167.94 +11.1%
77 UNH UnitedHealth Group Inc Healthcare 1,945.0 $642K 0.37% -100.0 -4.9% $330.11 +16.1%
78 MDLZ Mondelez Intl Inc Cl A Consumer Defensive 11,725.0 $631K 0.36% -1K -10.7% $53.83 +14.2%
79 SPHY SPDR Portfolio High Yield Bond 26,250.0 $621K 0.35% -2K -5.4% $23.67 -1.1%
80 AOR iShares Core Growth Allocation 9,464.0 $615K 0.35% +57.0 +0.6% $65.01 +5.6%
Page 4 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%