Welch Group, LLC
Long book
$2.66B
Q1 2026
Positions
308
Top-10 weight
32%
concentration
Last quarter
+11.2%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsWelch Group, LLC is an institutional manager, running a $2.66B US long book across 308 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, RTX CORP, CHEVRON CORP, EXXON MOBIL CORP, JOHNSON & JOHNSON.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.4%
Q2 2024
+10.4%
Q3 2024
-2.8%
Q4 2024
+3.1%
Q1 2025
+2.7%
Q2 2025
+5.6%
Q3 2025
+0.3%
Q4 2025
+2.0%
Q1 2026
+11.2%
Sector allocation
Technology 22%
Financials 15%
Industrials 12%
Utilities 11%
Healthcare 10%
Consumer discretionary 7%
Energy 7%
Other 6%
Long book by quarter
What does Welch Group, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 375.2K | $95.2M | 3.6% | -0.2% |
| RTX RTX CORP | Industrials | 463.3K | $89.4M | 3.4% | -7.5% |
| CVX CHEVRON CORP | Energy | 430.3K | $89.0M | 3.3% | +0.1% |
| XOM EXXON MOBIL CORP | Energy | 524.4K | $89.0M | 3.3% | -4.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 359.0K | $87.8M | 3.3% | -5.5% |
| JPM JPMORGAN CHASE & CO | Financials | 277.0K | $81.5M | 3.1% | -1.4% |
| ABBV ABBVIE INC | Healthcare | 365.9K | $79.6M | 3.0% | -0.5% |
| MSFT MICROSOFT CORP | Technology | 214.1K | $79.3M | 3.0% | +3.6% |
| NEE NEXTERA ENERGY INC | Utilities | 852.9K | $79.2M | 3.0% | -1.9% |
| LMT LOCKHEED MARTIN CORP | Industrials | 126.7K | $76.5M | 2.9% | -4.5% |
| SO SOUTHERN CO/THE | Utilities | 782.8K | $75.6M | 2.8% | +0.5% |
| CSCO CISCO SYSTEMS INC | Technology | 947.0K | $73.5M | 2.8% | -2.0% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 294.8K | $71.5M | 2.7% | +1.0% |
| SFBS SERVISFIRST BANCSHARES INC | Financials | 975.9K | $71.1M | 2.7% | -2.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 215.1K | $66.8M | 2.5% | +1.3% |
| HD HOME DEPOT INC | Consumer discretionary | 190.5K | $62.7M | 2.4% | +3.9% |
| CINF CINCINNATI FINANCIAL CORP | Financials | 396.5K | $62.4M | 2.3% | -0.6% |
| TFC TRUIST FINANCIAL CORP | Financials | 1.3M | $61.1M | 2.3% | +0.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 466.3K | $61.1M | 2.3% | -2.8% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 1.2M | $60.4M | 2.3% | +1.8% |
| PFE PFIZER INC | Healthcare | 2.1M | $60.3M | 2.3% | +8.3% |
| ED CONSOLIDATED EDISON INC | Utilities | 529.1K | $59.9M | 2.3% | +0.2% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 253.0K | $54.8M | 2.1% | +10.4% |
| QCOM QUALCOMM INC | Technology | 417.6K | $53.8M | 2.0% | +8.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 370.4K | $53.5M | 2.0% | +6.5% |
| CL COLGATE-PALMOLIVE CO | Other | 626.8K | $53.4M | 2.0% | +2.2% |
| PEP PEPSICO INC | Consumer staples | 340.0K | $52.8M | 2.0% | +4.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 267.3K | $51.9M | 2.0% | +1.6% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 376.5K | $49.3M | 1.9% | +15.8% |
| PAYX PAYCHEX INC | Services media | 484.4K | $44.6M | 1.7% | +19.1% |
| KMB KIMBERLY-CLARK CORP | Other | 447.1K | $43.1M | 1.6% | +37.8% |
| NVDA NVIDIA CORP | Technology | 176.7K | $30.8M | 1.2% | -0.2% |
| CAT CATERPILLAR INC | Industrials | 39.1K | $27.7M | 1.0% | -3.7% |
| KO COCA-COLA CO/THE | Consumer staples | 273.7K | $20.8M | 0.8% | 0.0% |
| GOOGL ALPHABET INC-CL A | Technology | 63.6K | $18.3M | 0.7% | -1.8% |
| DE DEERE & CO | Industrials | 27.1K | $15.2M | 0.6% | +0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 67.5K | $14.1M | 0.5% | +3.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 67.0K | $13.6M | 0.5% | -1.0% |
| GS GOLDMAN SACHS GROUP INC | Financials | 16.0K | $13.5M | 0.5% | -2.0% |
| V VISA INC-CLASS A SHARES | Services media | 41.0K | $12.4M | 0.5% | +4.7% |
| MU MICRON TECHNOLOGY INC | Technology | 36.0K | $12.1M | 0.5% | +0.1% |
| TJX TJX COMPANIES INC | Consumer discretionary | 75.3K | $12.0M | 0.5% | +0.2% |
| ORCL ORACLE CORP | Technology | 74.6K | $11.0M | 0.4% | +9.3% |
| AVGO BROADCOM INC | Technology | 33.6K | $10.4M | 0.4% | +0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 17.4K | $10.0M | 0.4% | +5.3% |
| TGT TARGET CORP | Consumer discretionary | 79.6K | $9.7M | 0.4% | +29.4% |
| BX BLACKSTONE INC | Financials | 80.8K | $9.3M | 0.3% | +20.6% |
| MA MASTERCARD INC - A | Services media | 18.3K | $9.1M | 0.3% | +8.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 89.0K | $9.1M | 0.3% | +9.5% |
| SYK STRYKER CORP | Healthcare | 26.8K | $8.8M | 0.3% | +6.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 310 | $2.66B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 309 | $2.59B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 299 | $2.56B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 281 | $2.39B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 8, 2025 | 266 | $2.27B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 263 | $2.22B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 269 | $2.30B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 267 | $2.08B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 9, 2024 | 234 | $2.02B | canonical | SEC ↗ |
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