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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 5 of 7  ·  132 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 MMM 3M Co Industrials 3,760.0 $602K 0.34% $160.10 -4.8%
82 HON Honeywell International Inc Industrials 2,960.0 $577K 0.33% +165.0 +5.9% $195.09 +16.8%
83 DGX Quest Diagnostics Inc Healthcare 3,300.0 $573K 0.33% $173.53 +12.4%
84 CL Colgate-Palmolive Co Consumer Defensive 7,160.0 $566K 0.32% $79.02 +14.7%
85 WCN Waste Connections Inc Industrials 3,170.0 $556K 0.32% -300.0 -8.7% $175.36 -11.2%
86 MA Mastercard Inc Financial Services 960.0 $548K 0.31% $570.88 -12.7%
87 LMT Lockheed Martin Corp Industrials 1,100.0 $532K 0.30% $483.67 +10.2%
88 EEMV iShares MSCI EmergMkt Min Vol 7,800.0 $500K 0.28% $64.04 +13.3%
89 MET MetLife Inc Financial Services 5,500.0 $434K 0.25% $78.94 +6.5%
90 AMGN Amgen Inc Healthcare 1,285.0 $421K 0.24% +50.0 +4.0% $327.31 +3.7%
91 ED Consolidated Edison Inc Utilities 4,125.0 $410K 0.23% -50.0 -1.2% $99.32 +9.3%
92 IBDW iShares iBonds Dec 2031 Term C 19,050.0 $403K 0.23% NEW $21.15 -1.8%
93 Labcorp Hldgs Inc. 1,570.0 $394K 0.23% $250.88
94 ABT Abbott Laboratories Healthcare 3,125.0 $392K 0.22% -25.0 -0.8% $125.29 -30.2%
95 EFA iShares MSCI EAFE Index 4,000.0 $384K 0.22% $96.03 +8.3%
96 AWK American Water Works Inc Utilities 2,925.0 $382K 0.22% -300.0 -9.3% $130.50 -4.1%
97 VCR Vgd Consumer Discretionary 955.0 $376K 0.21% -5.0 -0.5% $393.92 +0.2%
98 EBAY eBay Inc Consumer Cyclical 4,300.0 $375K 0.21% $87.10 +32.9%
99 SOLS Solstice Advanced Materials In Basic Materials 7,337.0 $356K 0.20% NEW $48.58 +68.3%
100 RSG Republic Services Inc Industrials 1,625.0 $344K 0.20% -75.0 -4.4% $211.93 -1.4%
Page 5 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%