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Welch Group, LLC — 13F Holdings & Portfolio

CIK 1443095 · latest 13F-HR filed 2026-07-23

Backtest portfolio

Welch Group, LLC manages $2.93B in 13F-reported U.S. long-equity assets across 326 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (3.68%), CSCO (3.64%), ABBV (3.19%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 23 new positions and exited 11; 172 existing positions rose in reported value and 53 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.93B

Long-equity book

Holdings
326

Distinct positions

Period
2026-06-30

Filed 2026-07-23

Q/Q Activity
+23 / −11 / ↑172 / ↓53

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
AAPL3.7% · -1%CSCO3.6% · -4%ABBV3.2% · +2%JPM3.1% · -0%JNJ3.1% · -1%RTX3.0% · -0%IBM2.9% · +2%SFBS2.8% · -2%MSFT2.8% · +3%QCOM2.6% · -1%TXN2.6% · -4%SO2.6% · +1%NEE2.6% · +1%CINF2.5% · -0%CVX2.4% · +0%XOM2.4% · -1%HD2.4% · +5%EMR2.3% · 0%TFC2.3% · +1%LMT2.3% · +3%MCD2.1% · +4%AJG2.1% · +4%ED2.0% · +1%CL2.0% · +1%PG1.9% · +2%PFE1.8% · +2%AEP1.8% · +2%VZ1.7% · -0%KMB1.7% · +3%PAYX1.7% · +4%PEP1.6% · +2%CAT1.4% · -2%NVDA1.2% · -2%AMD1.1% · -15%MU1.1% · -22%PYLD0.8% · +20%KO0.8% · +2%GOOGL0.8% · -1%LLY0.6% · +97%DE0.6% · +4%PANW0.6% · +3%AMAT0.6% · +10%AMZN0.6% · +3%GS0.6% · +2%V0.5% · +7%IVV0.5% · -0%AVGO0.5% · +4%TJX0.4% · +6%ORCL0.4% · +6%CARR0.4% · +7%META0.4% · +13%TGT0.4% · +5%MA0.4% · +14%SHW0.4% · +15%BX0.4% · +8%SYK0.3% · +20%GL0.3% · -1%VMC0.3% · -0%TSLA0.2% · -1%AXP0.2% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 30.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 31, 2026.

Assets Under Management
$3.68B
Discretionary
$3.68B
Employees
28
Accounts
4,528
Address
3940 MONTCLAIR RD
FIFTH FLOOR
BIRMINGHAM, AL 35213
Phone
(205) 879-5001
Website
Name Title / Status Ownership Type
CLAY, HENRY, MARSHALL ControlMANAGING MEMBER
since Jan 2018
10–25%Individual
Gillis, Brent, Dewayne ControlCHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER
since Sep 2021
Less than 5%Individual
REYNOLDS, KIMBERLY, ROSE ControlMANAGING MEMBER
since Jan 2013
10–25%Individual
SMITH, CHARLES, HUGH RANKIN ControlCHIEF INVESTMENT OFFICER
since Dec 2009
Less than 5%Individual
WAGNER, THOMAS, MICHAEL ControlMANAGING MEMBER
since Jan 2013
10–25%Individual
WELCH, STEWART, HENRY ControlFOUNDER
since Jan 1986
5–10%Individual
WEYANDT, CHARLES, GREGORY ControlCHIEF FINANCIAL OFFICER
since May 2001
Less than 5%Individual
Davenport, Justin, ThomasMEMBER
since Jan 2026
Less than 5%Individual
HYDE, FOSTER, THOMPSONMEMBER
since Jan 2020
10–25%Individual
MCGOWAN, JAY, HALLOWESMEMBER
since Jan 2025
Less than 5%Individual
MOODY, ELISABETH, LINLEYMEMBER
since Jan 2020
10–25%Individual
Savela, Matthew, JonathanMEMBER
since Jan 2026
Less than 5%Individual
Ownership & leadership changes · 10 filings with changes since Mar 27, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Feb 26, 2026 filing
  • No longer listedPEAY, JAMES, WOODARD · SENIOR INVESTMENT ADVISER · Less than 5% · listed since May 2010
  • AddedDavenport, Justin, Thomas · MEMBER · Less than 5%
  • AddedSavela, Matthew, Jonathan · MEMBER · Less than 5%
  • ChangedCLAY, HENRY, MARSHALL · title SENIOR INVESTMENT ADVISER → MANAGING MEMBER; now a control person
  • ChangedGillis, Brent, Dewayne · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER
  • ChangedHYDE, FOSTER, THOMPSON · title SENIOR INVESTMENT ADVISOR → MEMBER
  • ChangedMCGOWAN, JAY, HALLOWES · title SENIOR INVESTMENT ADVISOR → MEMBER
  • ChangedMOODY, ELISABETH, LINLEY · title SENIOR INVESTMENT ADVISOR → MEMBER
  • ChangedREYNOLDS, KIMBERLY, ROSE · title SENIOR INVESTMENT ADVISER → MANAGING MEMBER; now a control person
  • ChangedWAGNER, THOMAS, MICHAEL · title SENIOR INVESTMENT ADVISER → MANAGING MEMBER; now a control person
  • ChangedWELCH, STEWART, HENRY · ownership 10–25% → 5–10%
  • ChangedWEYANDT, CHARLES, GREGORY · title CHIEF OPERATING OFFICER → CHIEF FINANCIAL OFFICER
Feb 21, 2025 filing
  • AddedMCGOWAN, JAY, HALLOWES · SENIOR INVESTMENT ADVISOR · Less than 5%
Jul 29, 2022 filing
  • ChangedHYDE, FOSTER, THOMPSON · ownership Less than 5% → 10–25%
  • ChangedMOODY, ELISABETH, LINLEY · ownership Less than 5% → 10–25%
  • ChangedWELCH, STEWART, HENRY · ownership 25–50% → 10–25%
Feb 18, 2022 filing
  • Listed againWEYANDT, CHARLES, GREGORY · CHIEF OPERATING OFFICER · Less than 5% · control person
Sep 27, 2021 filing
  • No longer listedWEYANDT, CHARLES, GREGORY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since May 2001
  • AddedGillis, Brent, Dewayne · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jan 26, 2021 filing
  • AddedHYDE, FOSTER, THOMPSON · SENIOR INVESTMENT ADVISOR · Less than 5%
  • AddedMOODY, ELISABETH, LINLEY · SENIOR INVESTMENT ADVISOR · Less than 5%
  • ChangedCLAY, HENRY, MARSHALL · ownership Less than 5% → 10–25%
  • ChangedWELCH, STEWART, HENRY · ownership 50–75% → 25–50%
Mar 27, 2018 filing
  • ChangedWELCH, STEWART, HENRY · title MANAGING MEMBER → FOUNDER
Jan 4, 2018 filing
  • AddedCLAY, HENRY, MARSHALL · SENIOR INVESTMENT ADVISER · Less than 5%
  • AddedPEAY, JAMES, WOODARD · SENIOR INVESTMENT ADVISER · Less than 5%
  • ChangedREYNOLDS, KIMBERLY, ROSE · ownership 5–10% → 10–25%
  • ChangedSMITH, CHARLES, HUGH RANKIN · ownership 5–10% → Less than 5%
  • ChangedWAGNER, THOMAS, MICHAEL · ownership 5–10% → 10–25%
  • ChangedWELCH, STEWART, HENRY · ownership 75% or more → 50–75%
  • ChangedWEYANDT, CHARLES, GREGORY · ownership 5–10% → Less than 5%
Mar 8, 2014 filing
  • ChangedREYNOLDS, KIMBERLY, ROSE · ownership Less than 5% → 5–10%
  • ChangedWAGNER, THOMAS, MICHAEL · ownership Less than 5% → 5–10%
Feb 27, 2013 filing
  • AddedREYNOLDS, KIMBERLY, ROSE · SENIOR INVESTMENT ADVISER · Less than 5%
  • AddedWAGNER, THOMAS, MICHAEL · SENIOR INVESTMENT ADVISER · Less than 5%
Older changes (1 more filing)
Mar 27, 2012 filing (earliest on record)
  • ListedSMITH, CHARLES, HUGH RANKIN · CHIEF INVESTMENT OFFICER · 5–10% · control person
  • ListedWELCH, STEWART, HENRY · MANAGING MEMBER · 75% or more · control person
  • ListedWEYANDT, CHARLES, GREGORY · CHIEF COMPLIANCE OFFICER · 5–10% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Welch Group, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 APPLE INC AAPL 037833100 $107.9M 3.68% 372,791 SH
2 CISCO SYS INC CSCO 17275R102 $106.5M 3.64% 906,782 SH
3 ABBVIE INC ABBV 00287Y109 $93.5M 3.19% 371,366 SH
4 JPMORGAN CHASE & CO JPM 46625H100 $90.6M 3.09% 276,835 SH
5 JOHNSON & JOHNSON JNJ 478160104 $90.5M 3.09% 356,484 SH
6 RTX CORPORATION RTX 75513E101 $87.7M 2.99% 461,989 SH
7 INTERNATIONAL BUSINESS MACHS IBM 459200101 $84.8M 2.89% 301,425 SH
8 SERVISFIRST BANCSHARES INC SFBS 81768T108 $83.3M 2.84% 959,733 SH
9 MICROSOFT CORP MSFT 594918104 $82.0M 2.80% 219,788 SH
10 QUALCOMM INC QCOM 747525103 $76.3M 2.61% 413,112 SH
11 TEXAS INSTRS INC TXN 882508104 $76.2M 2.60% 255,512 SH
12 SOUTHERN CO SO 842587107 $75.4M 2.57% 787,841 SH
13 NEXTERA ENERGY INC NEE 65339F101 $75.3M 2.57% 858,202 SH
14 CINCINNATI FINL CORP CINF 172062101 $73.3M 2.50% 396,011 SH
15 CHEVRON CORPORATION CVX 166764100 $71.6M 2.45% 432,091 SH
16 EXXON MOBIL CORP XOM 30231G102 $71.1M 2.43% 519,749 SH
17 HOME DEPOT INC HD 437076102 $70.7M 2.41% 200,409 SH
18 EMERSON ELEC CO EMR 291011104 $66.8M 2.28% 466,315 SH
19 TRUIST FINL CORP TFC 89832Q109 $66.7M 2.28% 1,339,362 SH
20 LOCKHEED MARTIN CORP LMT 539830109 $66.4M 2.27% 130,241 SH
21 MCDONALDS CORP MCD 580135101 $60.8M 2.08% 224,805 SH
22 GALLAGHER ARTHUR J & CO AJG 363576109 $60.2M 2.06% 262,241 SH
23 CONSOLIDATED EDISON INC ED 209115104 $59.0M 2.01% 533,029 SH
24 COLGATE PALMOLIVE CO CL 194162103 $58.1M 1.99% 634,264 SH
25 PROCTER & GAMBLE CO PG 742718109 $55.6M 1.90% 379,476 SH
26 PFIZER INC PFE 717081103 $52.8M 1.80% 2,194,625 SH
27 AMERICAN ELEC PWR CO INC AEP 025537101 $52.6M 1.80% 384,533 SH
28 VERIZON COMMUNICATIONS INC VZ 92343V104 $50.9M 1.74% 1,201,159 SH
29 KIMBERLY-CLARK CORP KMB 494368103 $50.7M 1.73% 461,771 SH
30 PAYCHEX INC PAYX 704326107 $49.5M 1.69% 503,577 SH
31 PEPSICO INC PEP 713448108 $46.9M 1.60% 346,274 SH
32 CATERPILLAR INC CAT 149123101 $40.6M 1.39% 38,163 SH
33 NVIDIA CORPORATION NVDA 67066G104 $34.8M 1.19% 174,029 SH
34 ADVANCED MICRO DEVICES INC AMD 007903107 $33.1M 1.13% 57,015 SH
35 MICRON TECHNOLOGY INC MU 595112103 $32.2M 1.10% 27,937 SH
36 PIMCO ETF TR PYLD 72201R585 $24.2M 0.83% 913,614 SH
37 COCA COLA CO KO 191216100 $22.8M 0.78% 279,984 SH
38 ALPHABET INC GOOGL 02079K305 $22.5M 0.77% 63,087 SH
39 ELI LILLY & CO LLY 532457108 $18.1M 0.62% 15,064 SH
40 DEERE & CO DE 244199105 $17.8M 0.61% 28,119 SH
41 PALO ALTO NETWORKS INC PANW 697435105 $17.6M 0.60% 51,532 SH
42 APPLIED MATLS INC AMAT 038222105 $17.4M 0.59% 24,074 SH
43 AMAZON COM INC AMZN 023135106 $16.6M 0.57% 69,670 SH
44 GOLDMAN SACHS GROUP INC GS 38141G104 $16.5M 0.57% 16,363 SH
45 VISA INC V 92826C839 $15.1M 0.52% 44,021 SH
46 ISHARES TR IVV 464287200 $13.7M 0.47% 18,233 SH
47 BROADCOM INC AVGO 11135F101 $13.2M 0.45% 35,018 SH
48 TJX COS INC NEW TJX 872540109 $12.1M 0.41% 80,148 SH
49 ORACLE CORP ORCL 68389X105 $11.6M 0.40% 79,270 SH
50 CARRIER GLOBAL CORPORATION CARR 14448C104 $11.3M 0.38% 153,645 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-23 $2.93B 326 0001443095-26-000006
2026-03-31 2026-04-21 $2.66B 310 0001443095-26-000004
2025-12-31 2026-01-26 $2.59B 309 0001443095-26-000001
Filer Information
Address
3940 MONTCLAIR ROAD, FIFTH FLOOR
BIRMINGHAM, AL 35213
Phone
(205) 879-5001
Filing Manager
Welch Group, LLC
BIRMINGHAM, AL
Signatory
Brent Gillis
Chief Compliance Officer