WG
Welch Group, LLC 13F Portfolio & Top Holdings (Q2 2026)
Welch Group, LLCCIK: 0001443095
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$2.9B
Reporting period: 2026-06-30 · Number of holdings: 326
Welch Group, LLC disclosed 326 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $2.9B and a quarterly turnover rate of 16.7%.
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Personality snowflake
- Concentration
- 8.26
- Portfolio Stability
- 16.72
- Momentum
- 100
- Sector conviction
- 44.68
- Diversification
- 100
- Sizing Uniformity
- 76.28
Welch Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.021 — mathematically equivalent to about 48 equally-sized positions, well below its 326 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.37), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim XOM
-0.9% -$17.9M
Trim CVX
+0.4% -$17.4M
Add CSCO
-4.2% $33.0M
Add TXN
-4.4% $24.3M
Add MU
-22.3% $20.1M
Add AMD
-13.3% $20.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 326 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 3.68% | +0.10% | -0.65% | |
| 2 | CSCO | Cisco Systems Inc | Stock-Tech | 3.64% | +0.88% | -4.24% | |
| 3 | ABBV | Abbvie Inc | Stock-Healthcare | 3.19% | +0.20% | +1.48% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.09% | +0.03% | -0.06% | |
| 5 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.09% | -0.21% | -0.70% | |
| 6 | RTX | Rtx CORP | Stock-Industrials | 2.99% | -0.37% | -0.29% | |
| 7 | IBM | Intl Business Machines CORP | Stock-Tech | 2.89% | +0.21% | +2.25% | |
| 8 | SFBS | Servisfirst Bancshares Inc | Stock-Financials | 2.84% | +0.17% | -1.66% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 2.80% | -0.18% | +2.65% | |
| 10 | QCOM | Qualcomm Inc | Stock-Tech | 2.61% | +0.59% | -1.07% | |
| 11 | TXN | Texas Instruments Inc | Stock-Tech | 2.60% | +0.65% | -4.41% | |
| 12 | SO | Southern Co/the | Stock-Utilities | 2.57% | -0.27% | +0.65% | |
| 13 | NEE | Nextera Energy Inc | Stock-Utilities | 2.57% | -0.41% | +0.62% | |
| 14 | CINF | Cincinnati Financial CORP | Stock-Financials | 2.50% | +0.16% | -0.12% | |
| 15 | CVX | Chevron CORP | Stock-Energy | 2.45% | -0.89% | +0.41% | |
| 16 | XOM | Exxon Mobil CORP | Stock-Energy | 2.43% | -0.91% | -0.88% | |
| 17 | HD | Home Depot Inc | Stock-Consumer Disc | 2.41% | +0.06% | +5.19% | |
| 18 | EMR | Emerson Electric Co | Stock-Industrials | 2.28% | -0.02% | +0.01% | |
| 19 | TFC | Truist Financial CORP | Stock-Financials | 2.28% | -0.02% | +0.77% | |
| 20 | LMT | Lockheed Martin CORP | Stock-Industrials | 2.27% | -0.61% | +2.83% | |
| 21 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 2.08% | -0.43% | +4.52% | |
| 22 | AJG | Arthur J Gallagher & Co | Stock-Financials | 2.06% | — | +3.65% | |
| 23 | ED | Consolidated Edison Inc | Stock-Utilities | 2.01% | -0.24% | +0.74% | |
| 24 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 1.99% | -0.02% | +1.19% | |
| 25 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.90% | -0.11% | +2.46% | |
| 26 | PFE | Pfizer Inc | Stock-Healthcare | 1.80% | -0.47% | +2.17% | |
| 27 | AEP | American Electric Power | Stock-Utilities | 1.80% | -0.05% | +2.15% | |
| 28 | VZ | Verizon Communications Inc | Stock-Comm Services | 1.74% | -0.53% | -0.22% | |
| 29 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 1.73% | +0.11% | +3.29% | |
| 30 | PAYX | Paychex Inc | Stock-Tech | 1.69% | +0.01% | +3.95% | |
| 31 | PEP | Pepsico Inc | Stock-Consumer Staples | 1.60% | -0.38% | +1.85% | |
| 32 | CAT | Caterpillar Inc | Stock-Industrials | 1.39% | +0.35% | -2.42% | |
| 33 | NVDA | Nvidia CORP | Stock-Tech | 1.20% | +0.04% | -0.93% | |
| 34 | AMD | Advanced Micro Devices | Stock-Tech | 1.15% | +0.64% | -13.35% | |
| 35 | MU | Micron Technology Inc | Stock-Tech | 1.10% | +0.64% | -22.30% | |
| 36 | PYLD | Pimco Multisector Bond Actv | ETF-Other | 0.83% | +0.08% | +20.39% | |
| 37 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.78% | +0.09% | +0.69% | |
| 38 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.78% | — | +2.30% | |
| 39 | AMAT | Applied Materials Inc | Stock-Tech | 0.62% | +0.34% | +14.59% | |
| 40 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.62% | +0.36% | +96.94% | |
| 41 | DE | Deere & Co | Stock-Industrials | 0.61% | +0.04% | +3.91% | |
| 42 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.60% | +0.30% | +3.39% | |
| 43 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.57% | +0.04% | +3.27% | |
| 44 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.57% | +0.06% | +2.23% | |
| 45 | V | Visa Inc-class A Shares | Stock-Financials | 0.54% | +0.05% | +7.03% | |
| 46 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.47% | +0.02% | -0.10% | |
| 47 | AVGO | Broadcom Inc | Stock-Tech | 0.45% | +0.06% | +4.11% | |
| 48 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 0.41% | -0.04% | +6.50% | |
| 49 | ORCL | Oracle CORP | Stock-Tech | 0.40% | -0.01% | +6.24% | |
| 50 | CARR | Carrier Global CORP | Stock-Industrials | 0.38% | +0.08% | +7.31% |
1–50 of 200
Portfolio Performance
Performance for Q3 2026
+3.5%
Performance Last 4 Quarters
+17.1%
- Stdev
- +10.3%
- Beta
- +0.64
- Alpha
- +3%
- Max Drawdown
- -5.7%
- Annualized Perf
- +16.3%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.73
- Stutzer
- +0.43
- Treynor
- +0.25
- Sterling
- +1.13
- Calmar
- +2.85
- Information Ratio
- -0.55
- Tracking Error
- +7.8%
- Stdev Down
- +5.8%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +31.9%
- Worst 12 Months
- +6.8%
- Efficiency Ratio
- +0.58
- Sharpe
- +1.52
- Stdev Sectors
- +7.3%
- Skewness
- -0.61
- Kurtosis
- -0.37
- Upside Potential
- +4.24
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 326 | $2.9B | 17 | ||
| 2026 Q1 | 310 | $2.7B | 14 | ||
| 2025 Q4 | 309 | $2.6B | 12 | ||
| 2025 Q3 | 299 | $2.6B | 16 | ||
| 2025 Q2 | 281 | $2.4B | 0 | ||
| 2025 Q1 | 266 | $2.3B | 100 | ||
| 2024 Q4 | 263 | $2.2B | 0 | ||
| 2024 Q3 | 269 | $2.3B | 0 | ||
| 2024 Q2 | 267 | $2.1B | 0 | ||
| 2024 Q1 | 234 | $2.0B | 0 | ||
| 2023 Q4 | 228 | $1.9B | 0 | ||
| 2023 Q3 | 215 | $1.7B | 0 | ||
| 2023 Q2 | 217 | $1.7B | 0 | ||
| 2023 Q1 | 216 | $1.7B | 0 | ||
| 2022 Q4 | 219 | $1.7B | 0 | ||
| 2022 Q3 | 180 | $1.5B | 0 | ||
| 2022 Q2 | 201 | $1.6B | 0 | ||
| 2022 Q1 | 214 | $1.8B | 0 | ||
| 2021 Q4 | 217 | $1.7B | 0 | ||
| 2021 Q3 | 189 | $1.5B | 0 | ||
| 2021 Q2 | 189 | $1.5B | 97 | ||
| 2021 Q1 | 189 | $1.4B | 18 | ||
| 2020 Q4 | 147 | $1.2B | 13 | ||
| 2020 Q3 | 139 | $1.1B | 11 | ||
| 2020 Q2 | 133 | $1.1B | 28 | ||
| 2020 Q1 | 154 | $937.3M | 22 | ||
| 2019 Q4 | 160 | $1.0B | 9 | ||
| 2019 Q3 | 146 | $973.6M | 7 | ||
| 2019 Q2 | 144 | $937.0M | 7 | ||
| 2019 Q1 | 144 | $908.4M | 20 | ||
| 2018 Q4 | 145 | $816.2M | 27 | ||
| 2018 Q3 | 150 | $960.1M | 19 | ||
| 2018 Q2 | 143 | $802.8M | 7 | ||
| 2018 Q1 | 143 | $789.8M | 23 | ||
| 2017 Q4 | 142 | $644.6M | 12 | ||
| 2017 Q3 | 131 | $598.1M | 14 | ||
| 2017 Q2 | 160 | $599.6M | 13 | ||
| 2017 Q1 | 130 | $531.3M | 9 | ||
| 2016 Q4 | 139 | $511.6M | 12 | ||
| 2016 Q3 | 141 | $503.2M | 11 | ||
| 2016 Q2 | 125 | $491.0M | 23 | ||
| 2016 Q1 | 150 | $598.9M | 20 | ||
| 2015 Q4 | 148 | $556.9M | 21 | ||
| 2015 Q3 | 147 | $517.4M | 13 | ||
| 2015 Q2 | 143 | $528.2M | 10 | ||
| 2015 Q1 | 145 | $544.7M | 16 | ||
| 2014 Q4 | 143 | $518.5M | 12 | ||
| 2014 Q3 | 140 | $483.8M | 10 | ||
| 2014 Q2 | 143 | $482.9M | 11 | ||
| 2014 Q1 | 124 | $441.6M | 12 | ||
| 2013 Q4 | 129 | $441.1M | 10 | ||
| 2013 Q3 | 126 | $406.8M | 12 | ||
| 2013 Q2 | 121 | $385.2M | 0 |
Holding changes this quarter
Welch Group, LLC's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: Marvell Technology Inc (MRVL); Sold out: Proassurance CORP (PRA); New buy: .
Showing top 200 changes by size (of 331 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CSCO | Cisco Systems Inc | +0.9% | -4.24% | Trim |
| 2 | TXN | Texas Instruments Inc | +0.7% | -4.41% | Trim |
| 3 | MU | Micron Technology Inc | +0.6% | -22.30% | Trim |
| 4 | AMD | Advanced Micro Devices | +0.6% | -13.35% | Trim |
| 5 | QCOM | Qualcomm Inc | +0.6% | -1.07% | Trim |
| 6 | LLY | Eli Lilly & Co | +0.4% | +96.94% | Add |
| 7 | CAT | Caterpillar Inc | +0.4% | -2.42% | Trim |
| 8 | AMAT | Applied Materials Inc | +0.3% | +14.59% | Add |
| 9 | PANW | Palo Alto Networks Inc | +0.3% | +3.39% | Add |
| 10 | IBM | Intl Business Machines CORP | +0.2% | +2.25% | Add |
| 11 | ABBV | Abbvie Inc | +0.2% | +1.48% | Add |
| 12 | SFBS | Servisfirst Bancshares Inc | +0.2% | -1.66% | Trim |
| 13 | CINF | Cincinnati Financial CORP | +0.2% | -0.12% | Trim |
| 14 | KMB | Kimberly-clark CORP | +0.1% | +3.29% | Add |
| 15 | AAPL | Apple Inc | +0.1% | -0.65% | Trim |
| 16 | GOOGL | Alphabet Inc-cl A | +0.1% | +0.69% | Add |
| 17 | PYLD | Pimco Multisector Bond Actv | +0.1% | +20.39% | Add |
| 18 | CARR | Carrier Global CORP | +0.1% | +7.31% | Add |
| 19 | HD | Home Depot Inc | +0.1% | +5.19% | Add |
| 20 | GS | Goldman Sachs Group Inc | +0.1% | +2.23% | Add |
| 21 | AVGO | Broadcom Inc | +0.1% | +4.11% | Add |
| 22 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.1% | +38.68% | Add |
| 23 | V | Visa Inc-class A Shares | +0.1% | +7.03% | Add |
| 24 | TSLA | Tesla Inc | +0.1% | +16.54% | Add |
| 25 | NVDA | Nvidia CORP | 0% | -0.93% | Trim |
| 26 | DE | Deere & Co | 0% | +3.91% | Add |
| 27 | AMZN | Amazon.com Inc | 0% | +3.27% | Add |
| 28 | SHW | Sherwin-williams Co/the | 0% | +15.20% | Add |
| 29 | GL | Globe Life Inc | 0% | -1.07% | Trim |
| 30 | JPM | Jpmorgan Chase & Co | 0% | -0.06% | Trim |
| 31 | MA | Mastercard Inc - A | 0% | +13.80% | Add |
| 32 | INTC | Intel CORP | 0% | -22.27% | Trim |
| 33 | ✓ | 0% | NEW | New buy | |
| 34 | IVV | Ishares Core S&p 500 ETF | 0% | -0.10% | Trim |
| 35 | SYK | Stryker CORP | 0% | +19.99% | Add |
| 36 | GOOG | Alphabet Inc-cl C | 0% | +3.08% | Add |
| 37 | SMH | Vaneck Semiconductor ETF | 0% | +0.11% | Add |
| 38 | LRCX | Lam Research CORP | 0% | +18.95% | Add |
| 39 | MRVL | Marvell Technology Inc | 0% | NEW | New buy |
| 40 | XLK | Ss Technology Select Sector | 0% | +6.23% | Add |
| 41 | PAYX | Paychex Inc | 0% | +3.95% | Add |
| 42 | TGT | Target CORP | 0% | +5.23% | Add |
| 43 | META | Meta Platforms Inc-class A | 0% | +12.57% | Add |
| 44 | AXP | American Express Co | 0% | — | Unchanged |
| 45 | MOD | Modine Manufacturing Co | 0% | — | Unchanged |
| 46 | RF | Regions Financial CORP | 0% | +0.02% | Add |
| 47 | GLW | Corning Inc | 0% | — | Unchanged |
| 48 | CR | Crane Co | 0% | — | Unchanged |
| 49 | WTS | Watts Water Technologies-a | 0% | — | Unchanged |
| 50 | NPO | Enpro Inc | 0% | — | Unchanged |
1–50 of 200
Filing History
FAQ
What is Welch Group, LLC and what type of investor is it?
Welch Group, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $2.9B, spread across 326 disclosed positions.
What are Welch Group, LLC's largest equity positions?
Based on the latest 13F filing, Welch Group, LLC's top holdings by market value are:
1. Apple Inc (AAPL) — $107.9M (3.7%)
2. Cisco Systems Inc (CSCO) — $106.5M (3.6%)
3. Abbvie Inc (ABBV) — $93.5M (3.2%)
4. Jpmorgan Chase & Co (JPM) — $90.6M (3.1%)
5. Johnson & Johnson (JNJ) — $90.5M (3.1%)
What changes did Welch Group, LLC make in its most recent portfolio filing?
In the latest reported quarter, Welch Group, LLC made 156 notable position adjustments: 22 new positions were initiated, 81 existing holdings were added to, 42 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: Marvell Technology Inc (MRVL); Sold out: Proassurance CORP (PRA); New buy:
What sectors does Welch Group, LLC focus on?
Welch Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 26.8%
• Financials: 16.8%
• Industrials: 11.7%
• Health Care: 9.8%
• Utilities: 9.5%
• Consumer Staples: 8.9%
Investment Profile
Welch Group, LLC returned an annualized 16.3% over the trailing 36 months — outperforming the S&P 500 by 3.0 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.64 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 17 over the past 4 quarters — a shift toward more active trading.
It has added to its TXN position over the past two quarters (+$30.5M, now $76.2M), while trimming ABT over the same stretch (-$8.8M, still holding $1.4M).
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Developer Access
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