CIK: 0001697444
Total reported value
$157.5M
Reporting period: 2017-12-31 · Number of holdings: 54
Welch Investments, LLC disclosed 54 holdings in its latest 13F filing for the period ending 2017-12-31, with total reported value of $157.5M and a quarterly turnover rate of 8.8%.
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Welch Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.031 — mathematically equivalent to about 33 equally-sized positions, close to its 54 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.82), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 46% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim UL
+0.3% -$206.0K
Add INTC
-2.4% $849.0K
Add GIS
+4.5% $817.0K
Trim NVS
+2.4% $9.0K
Trim CINF
+3.4% $58.0K
Add HD
-0.6% $752.0K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ABBV | Abbvie INC | Stock-Healthcare | 3.82% | -0.20% | -5.24% | |
| 2 | HD | Home Depot INC | Stock-Consumer Disc | 3.61% | +0.21% | -0.57% | |
| 3 | EMR | Emerson Electric Co | Stock-Industrials | 3.48% | +0.12% | +1.54% | |
| 4 | INTC | Intel CORP | Stock-Tech | 3.48% | +0.29% | -2.37% | |
| 5 | SO | Southern Co/the | Stock-Utilities | 3.44% | -0.20% | +4.70% | |
| 6 | PAYX | Paychex INC | Stock-Tech | 3.40% | +0.17% | +0.78% | |
| 7 | CVX | Chevron CORP | Stock-Energy | 3.36% | -0.02% | +1.34% | |
| 8 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 3.35% | -0.04% | -2.29% | |
| 9 | MSFT | Microsoft CORP | Stock-Tech | 3.31% | +0.17% | -0.26% | |
| 10 | UTXZ | United Tech CORP | Stock-Other | 3.24% | +0.10% | +1.95% | |
| 11 | MMM | 3m Co | Stock-Industrials | 3.21% | +0.07% | -0.80% | |
| 12 | VZ | Verizon Communications INC | Stock-Comm Services | 3.21% | -0.06% | -0.42% | |
| 13 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.19% | — | +1.05% | |
| 14 | LMT | Lockheed Martin CORP | Stock-Industrials | 3.18% | -0.17% | -0.38% | |
| 15 | NEE | Nextera Energy INC | Stock-Utilities | 3.18% | -0.09% | -1.13% | |
| 16 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 3.15% | +0.09% | +7.97% | |
| 17 | AJG | Arthur J Gallagher & Co | Stock-Financials | 3.15% | -0.18% | -0.38% | |
| 18 | GIS | General Mills INC | Stock-Consumer Staples | 3.14% | +0.29% | +4.53% | |
| 19 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 3.10% | -0.26% | +2.44% | |
| 20 | XOM | Exxon Mobil CORP | Stock-Energy | 3.10% | -0.01% | +5.98% | |
| 21 | PEP | Pepsico INC | Stock-Consumer Staples | 3.08% | +0.06% | +2.91% | |
| 22 | CINF | Cincinnati Financial CORP | Stock-Financials | 3.03% | -0.22% | +3.39% | |
| 23 | T | At&t INC | Stock-Comm Services | 3.01% | -0.14% | +4.68% | |
| 24 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 3.01% | -0.09% | +4.29% | |
| 25 | UL | Unilever PLC | Stock-Consumer Staples | 2.99% | -0.39% | +0.34% | |
| 26 | KMB | Kimberly-clark CORP | Stock-Consumer Staples | 2.97% | +0.03% | +7.23% | |
| 27 | ED | Consolidated Edison INC | Stock-Utilities | 2.94% | -0.05% | +1.19% | |
| 28 | LEG | Leggett & Platt INC | Stock-Consumer Disc | 2.92% | -0.13% | +3.99% | |
| 29 | IBM | Intl Business Machines CORP | Stock-Tech | 2.89% | +0.06% | +4.98% | |
| 30 | R6C2 | Royal Dutch Shell-spon Adr-b | Stock-Other | 2.21% | — | -0.39% | |
| 31 | RDS-A | Shell Plc-spon Adr-a | Stock-Other | 1.31% | +0.01% | -0.99% | |
| 32 | TMK | Torchmark CORP | Stock-Other | 0.59% | +0.10% | +15.86% | |
| 33 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.36% | +0.36% | NEW | |
| 34 | PRA | Proassurance CORP | Stock-Other | 0.30% | — | +1.80% | |
| 35 | AAPL | Apple INC | Stock-Tech | 0.21% | +0.01% | +0.79% | |
| 36 | ✓ | Spdr Gold Shares | Stock-Other | 0.18% | — | — | |
| 37 | RY | Royal Bank Of Canada | Stock-Financials | 0.17% | -0.05% | -18.86% | |
| 38 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 0.17% | — | — | |
| 39 | SLV | Ishares Silver Trust | ETF-Commodities | 0.16% | — | — | |
| 40 | DD | DuPont de Nemours, Inc. | Stock-Other | 0.16% | -0.02% | -5.29% | |
| 41 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.14% | — | -7.36% | |
| 42 | SFBS | Servisfirst Bancshares INC | Stock-Financials | 0.14% | — | — | |
| 43 | KMI | Kinder Morgan INC | Stock-Energy | 0.11% | +0.04% | +72.22% | |
| 44 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.10% | — | +2.98% | |
| 45 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.10% | +0.10% | NEW | |
| 46 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.08% | -0.02% | -6.72% | |
| 47 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.08% | +0.01% | +5.17% | |
| 48 | RF | Regions Financial CORP | Stock-Financials | 0.08% | +0.08% | NEW | |
| 49 | NVDA | Nvidia CORP | Stock-Tech | 0.07% | — | +5.35% | |
| 50 | V | Visa Inc-class A Shares | Stock-Financials | 0.07% | — | +5.50% |
Not enough priced holdings yet to compute performance
Welch Investments, LLC's most significant position changes for 2017-12-31: New buy: Ishares Core S&p 500 ETF (IVV); Sold out: Vanguard Ftse Europe ETF (VGK); New buy: Norfolk Southern CORP (NSC); New buy: Regions Financial CORP (RF); New buy: Alphabet A (GOOG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | INTC | Intel CORP | +0.3% | -2.37% | Trim |
| 2 | GIS | General Mills INC | +0.3% | +4.53% | Add |
| 3 | HD | Home Depot INC | +0.2% | -0.57% | Trim |
| 4 | PAYX | Paychex INC | +0.2% | +0.78% | Add |
| 5 | MSFT | Microsoft CORP | +0.2% | -0.26% | Trim |
| 6 | EMR | Emerson Electric Co | +0.1% | +1.54% | Add |
| 7 | UTXZ | United Tech CORP | +0.1% | +1.95% | Add |
| 8 | TMK | Torchmark CORP | +0.1% | +15.86% | Add |
| 9 | CL | Colgate-palmolive Co | +0.1% | +7.97% | Add |
| 10 | MMM | 3m Co | +0.1% | -0.80% | Trim |
| 11 | PEP | Pepsico INC | +0.1% | +2.91% | Add |
| 12 | IBM | Intl Business Machines CORP | +0.1% | +4.98% | Add |
| 13 | KMI | Kinder Morgan INC | 0% | +72.22% | Add |
| 14 | KMB | Kimberly-clark CORP | 0% | +7.23% | Add |
| 15 | RDS-A | Shell Plc-spon Adr-a | 0% | -0.99% | Trim |
| 16 | AAPL | Apple INC | 0% | +0.79% | Add |
| 17 | JPM | Jpmorgan Chase & Co | 0% | +5.17% | Add |
| 18 | JNJ | Johnson & Johnson | — | +1.05% | Add |
| 19 | R6C2 | Royal Dutch Shell-spon Adr-b | — | -0.39% | Trim |
| 20 | PRA | Proassurance CORP | — | +1.80% | Add |
| 21 | IVE | Ishares S&p 500 Value ETF | — | — | Unchanged |
| 22 | V | Visa Inc-class A Shares | — | +5.50% | Add |
| 23 | SFBS | Servisfirst Bancshares INC | — | — | Unchanged |
| 24 | NVDA | Nvidia CORP | — | +5.35% | Add |
| 25 | KO | Coca-cola Co/the | — | +2.98% | Add |
| 26 | XOM | Exxon Mobil CORP | 0% | +5.98% | Add |
| 27 | CVX | Chevron CORP | 0% | +1.34% | Add |
| 28 | BMY | Bristol-myers Squibb Co | 0% | -6.72% | Trim |
| 29 | DD | DuPont de Nemours, Inc. | 0% | -5.29% | Trim |
| 30 | MCD | Mcdonald's CORP | 0% | -2.29% | Trim |
| 31 | ED | Consolidated Edison INC | -0.1% | +1.19% | Add |
| 32 | RY | Royal Bank Of Canada | -0.1% | -18.86% | Trim |
| 33 | VZ | Verizon Communications INC | -0.1% | -0.42% | Trim |
| 34 | NEE | Nextera Energy INC | -0.1% | -1.13% | Trim |
| 35 | PG | Procter & Gamble Co/the | -0.1% | +4.29% | Add |
| 36 | LEG | Leggett & Platt INC | -0.1% | +3.99% | Add |
| 37 | T | At&t INC | -0.1% | +4.68% | Add |
| 38 | LMT | Lockheed Martin CORP | -0.2% | -0.38% | Trim |
| 39 | AJG | Arthur J Gallagher & Co | -0.2% | -0.38% | Trim |
| 40 | ABBV | Abbvie INC | -0.2% | -5.24% | Trim |
| 41 | SO | Southern Co/the | -0.2% | +4.70% | Add |
| 42 | CINF | Cincinnati Financial CORP | -0.2% | +3.39% | Add |
| 43 | NVS | Novartis Ag-sponsored Adr | -0.3% | +2.44% | Add |
| 44 | UL | Unilever PLC | -0.4% | +0.34% | Add |
| 45 | IVV | Ishares Core S&p 500 ETF | — | NEW | New buy |
| 46 | VGK | Vanguard Ftse Europe ETF | — | EXIT | Sold out |
| 47 | NSC | Norfolk Southern CORP | — | NEW | New buy |
| 48 | RF | Regions Financial CORP | — | NEW | New buy |
| 49 | GOOG | Alphabet A | — | NEW | New buy |
| 50 | BBVA | Banco Bilbao Vizcaya-sp Adr | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2017-12-31 | 2018-01-30 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-07 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-28 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-01 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-10 | 13F-HR | View on EDGAR |
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