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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 6 of 7  ·  132 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 VTI Vanguard Total Stock Mkt 1,006.0 $337K 0.19% $335.28 +9.4%
102 NOK Applied Materials Inc Technology 1,275.0 $328K 0.19% $256.99 -94.0%
103 CAVA Cava Group Inc Consumer Cyclical 5,525.0 $324K 0.18% +150.0 +2.8% $58.69 +37.0%
104 VGT Vanguard Info Technology 430.0 $324K 0.18% $753.78 -84.6%
105 TGT Target Corporation Consumer Defensive 3,200.0 $313K 0.18% -1K -31.1% $97.75 +28.5%
106 ADBE Adobe Systems Inc Technology 890.0 $311K 0.18% -345.0 -27.9% $349.99 -30.1%
107 MAS Masco Corp Industrials 4,900.0 $311K 0.18% $63.46 +6.0%
108 XOM Exxon Mobil Corp Energy 2,575.0 $310K 0.18% +50.0 +2.0% $120.34 +28.7%
109 ABNB Airbnb Inc Consumer Cyclical 2,255.0 $306K 0.17% +200.0 +9.7% $135.72 -2.5%
110 UNP Union Pacific Corp Industrials 1,300.0 $301K 0.17% $231.32 +14.9%
111 IBM IBM Corp Technology 1,000.0 $296K 0.17% $296.21 -14.3%
112 KO Coca-Cola Company Consumer Defensive 3,900.0 $273K 0.16% $69.91 +16.5%
113 BIV Vgd Int Term Bond Index Fund 3,483.0 $271K 0.15% +108.0 +3.2% $77.88 -2.0%
114 MKL Markel Corp Financial Services 123.0 $264K 0.15% +11.0 +9.8% $2149.65 -13.6%
115 iShares iBonds Dec 2031 Term M 10,000.0 $260K 0.15% NEW $25.95
116 BSV Vanguard Short Term Bond Index 3,261.0 $257K 0.15% +112.0 +3.6% $78.82 -1.2%
117 SCHA Schwab US Small Cap 8,800.0 $251K 0.14% $28.48 +17.0%
118 BHP BHP Billiton Ltd ADR Basic Materials 4,050.0 $244K 0.14% -250.0 -5.8% $60.37 +40.1%
119 LLY Lilly Eli & Co Healthcare 225.0 $242K 0.14% NEW $1074.68 -0.9%
120 CB Chubb Limited Financial Services 740.0 $231K 0.13% $312.12 +5.1%
Page 6 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%