Godshalk Welsh Capital Management, Inc. — 13F Holdings & Portfolio
CIK 1631775 · latest 13F-HR filed 2026-05-13
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
$172.5M
Long-equity book
Holdings
129
Distinct positions
Period
2026-03-31
Filed 2026-05-13
Q/Q Activity
+5 / −8 / ↑50 / ↓39
vs 2025-12-31
Firm Profile & Key People
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- iShares iBonds Dec 2031 Term C$895.8K +222.3%
- iShares iBonds Dec 2029 Term C$749.6K +32.1%
- Costco Wholesale Corp$734.2K +15.0%
- iShares iBonds Dec 2030 Term C$722.2K +53.1%
- Corning Inc$636.8K +53.6%
Top Trims
- Microsoft Corporation-$2.4M -24.4%
- Intuit Inc-$1.7M -35.1%
- Oracle Corp-$1.5M -25.2%
- American Express-$754.0K -18.9%
- Apple Inc-$682.9K -7.7%
New Positions
- Waters Corp$495.8K
- Corteva Inc$238.7K
- Verizon Communications$222.5K
- Qnity Electronics Inc$222.0K
- American Electric Power Co$209.7K
Exited Positions
- Nestle SA ADR$1.0M
- Adobe Systems Inc$311.5K
- Lilly Eli & Co$241.8K
- Danaher Corp$228.9K
- Elevance Health$219.1K
All Holdings
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 | $8.2M | 4.75% | 32,302 | SH |
| 2 | Microsoft Corporation | MSFT | 594918104 | $7.3M | 4.25% | 19,815 | SH |
| 3 | Costco Wholesale Corp | COST | 22160K105 | $5.6M | 3.26% | 5,649 | SH |
| 4 | Alphabet Inc Cl A | GOOGL | 02079K305 | $5.1M | 2.98% | 17,874 | SH |
| 5 | Oracle Corp | ORCL | 68389X105 | $4.3M | 2.51% | 29,460 | SH |
| 6 | Berkshire Hathaway Inc Cl B | BRK.B | 084670702 | $4.3M | 2.51% | 9,033 | SH |
| 7 | iShares iBonds Dec 2028 Term C | IBDT | 46435U515 | $3.5M | 2.04% | 138,850 | SH |
| 8 | Globus Medical Inc A | GMED | 379577208 | $3.4M | 2.00% | 40,000 | SH |
| 9 | Alphabet Inc Cl C | GOOG | 02079K107 | $3.3M | 1.89% | 11,340 | SH |
| 10 | American Express | AXP | 025816109 | $3.2M | 1.88% | 10,710 | SH |
| 11 | Intuit Inc | INTU | 461202103 | $3.2M | 1.85% | 7,385 | SH |
| 12 | iShares Russell 2000 Index | IWM | 464287655 | $3.2M | 1.83% | 12,722 | SH |
| 13 | iShares iBonds Dec 2029 Term C | IBDU | 46436E205 | $3.1M | 1.79% | 132,750 | SH |
| 14 | iShares iBonds Dec 2027 Term C | IBDS | 46435UAA9 | $3.0M | 1.76% | 125,335 | SH |
| 15 | WR Berkley Corp | WRB | 084423102 | $3.0M | 1.74% | 45,158 | SH |
| 16 | Johnson & Johnson | JNJ | 478160104 | $2.9M | 1.67% | 11,799 | SH |
| 17 | Invesco S&P 500 Eq Wt | RSP | 46137V357 | $2.9M | 1.67% | 15,019 | SH |
| 18 | Cisco Systems Inc | CSCO | 17275R102 | $2.9M | 1.67% | 37,070 | SH |
| 19 | JP Morgan Chase & Co | JPM | 46625H100 | $2.8M | 1.62% | 9,495 | SH |
| 20 | iShares Core MSCI EAFE | IEFA | 46432F842 | $2.5M | 1.47% | 27,990 | SH |
| 21 | Fidelity High Dividend | FDVV | 316092840 | $2.2M | 1.28% | 39,919 | SH |
| 22 | iShares iBonds Dec 2026 Term C | IBDR | 46435GAA0 | $2.2M | 1.27% | 90,025 | SH |
| 23 | Chevron Corp | CVX | 166764100 | $2.2M | 1.26% | 10,475 | SH |
| 24 | Bank of America Corp | BAC | 060505104 | $2.1M | 1.25% | 44,070 | SH |
| 25 | iShares iBonds Dec 2030 Term C | IBDV | 46436E726 | $2.1M | 1.21% | 95,100 | SH |
| 26 | Procter & Gamble | PG | 742718109 | $2.1M | 1.20% | 14,345 | SH |
| 27 | TJX Companies Inc | TJX | 872540109 | $2.0M | 1.15% | 12,465 | SH |
| 28 | Waste Management Inc | WM | 94106L109 | $1.9M | 1.13% | 8,455 | SH |
| 29 | Home Depot Inc | HD | 437076102 | $1.8M | 1.07% | 5,619 | SH |
| 30 | Corning Inc | GLW | 219350105 | $1.8M | 1.06% | 13,425 | SH |
| 31 | Valero Energy Corp | VLO | 91913Y100 | $1.8M | 1.04% | 7,250 | SH |
| 32 | Lowes Companies Inc | LOW | 548661107 | $1.8M | 1.02% | 7,480 | SH |
| 33 | T Rowe Price Capital Apprec Eq | TCAF | 87283Q867 | $1.7M | 1.01% | 48,875 | SH |
| 34 | Walmart Inc | WMT | 931142103 | $1.7M | 0.98% | 13,625 | SH |
| 35 | Automatic Data Processing | ADP | 053015103 | $1.6M | 0.94% | 7,975 | SH |
| 36 | Sysco Corporation | SYY | 871829107 | $1.6M | 0.94% | 22,650 | SH |
| 37 | RTX Corp | RTX | 75513E101 | $1.6M | 0.90% | 8,071 | SH |
| 38 | Paychex Inc | PAYX | 704326107 | $1.5M | 0.89% | 16,655 | SH |
| 39 | Vanguard Div Appreciation | VIG | 921908844 | $1.4M | 0.83% | 6,634 | SH |
| 40 | Merck & Co | MRK | 58933Y105 | $1.4M | 0.82% | 11,785 | SH |
| 41 | iShares Short Term Nat Muni Bd | SUB | 464288158 | $1.4M | 0.81% | 13,050 | SH |
| 42 | Taiwan Semiconductor Mfg ADR | TSM | 874039100 | $1.4M | 0.80% | 4,090 | SH |
| 43 | Pepsico Inc | PEP | 713448108 | $1.3M | 0.76% | 8,400 | SH |
| 44 | iShares iBonds Dec 2031 Term C | IBDW | 46436E486 | $1.3M | 0.75% | 62,050 | SH |
| 45 | Phillips 66 | PSX | 718546104 | $1.3M | 0.75% | 7,100 | SH |
| 46 | Ecolab Inc | ECL | 278865100 | $1.3M | 0.75% | 4,860 | SH |
| 47 | iShares Core Moderate Allocati | AOM | 464289875 | $1.3M | 0.75% | 27,224 | SH |
| 48 | McDonalds Corp | MCD | 580135101 | $1.3M | 0.74% | 4,110 | SH |
| 49 | iShares National Muni | MUB | 464288414 | $1.2M | 0.71% | 11,550 | SH |
| 50 | SPDR S&P 500 | SPY | 78462F103 | $1.2M | 0.71% | 1,875 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $172.5M | 129 | 0001631775-26-000002 |
| 2025-12-31 | 2026-02-12 | $175.1M | 132 | 0001631775-26-000001 |
| 2025-09-30 | 2025-11-14 | $174.3M | 131 | 0001631775-25-000006 |