WELCH GROUP, LLC

Filed: 10/14/2025ACC: 0001443095-25-000008

📋 What this filing means

WELCH GROUP, LLC filed this quarterly 13F‑HR report disclosing 299 equity positions with a total reported market value of $2.56B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

299

Positions

$2.56B

Total AUM (reported)

21.32M

Total Shares

Allocation by class

COMMON$2.56B100.0%

Portfolio Concentration

Top 3$293.47M11.5%

4–10$553.48M21.6%

11–25$921.23M36.0%

Rest$793.30M31.0%

Top 3 weight

11.5%

Top 10 weight

33.1%

Voting Authority Distribution

Total shares with voting rights: 21.32M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

21.32M

% of voting shares100.0%

Investment Discretion (by position count)

Sole299

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings299

Rows:

MICROSOFT CORP

SOLE

COMMON

Shares207.05K

TypeSH

Market value$107.24M

4.19%

Sole

0.00

Shared

0.00

None

207.05K

APPLE INC

SOLE

COMMON

Shares378.10K

TypeSH

Market value$96.28M

3.76%

Sole

0.00

Shared

0.00

None

378.10K

JPMORGAN CHASE & CO.

SOLE

COMMON

Shares285.17K

TypeSH

Market value$89.95M

3.51%

Sole

0.00

Shared

0.00

None

285.17K

RTX CORPORATION

SOLE

COMMON

Shares518.15K

TypeSH

Market value$86.70M

3.38%

Sole

0.00

Shared

0.00

None

518.15K

ABBVIE INC

SOLE

COMMON

Shares370.51K

TypeSH

Market value$85.79M

3.35%

Sole

0.00

Shared

0.00

None

370.51K

INTERNATIONAL BUSINESS MACHS

SOLE

COMMON

Shares301.26K

TypeSH

Market value$85.00M

3.32%

Sole

0.00

Shared

0.00

None

301.26K

SERVISFIRST BANCSHARES INC

SOLE

COMMON

Shares983.78K

TypeSH

Market value$79.22M

3.09%

Sole

0.00

Shared

0.00

None

983.78K

SOUTHERN CO

SOLE

COMMON

Shares772.57K

TypeSH

Market value$73.22M

2.86%

Sole

0.00

Shared

0.00

None

772.57K

HOME DEPOT INC

SOLE

COMMON

Shares178.82K

TypeSH

Market value$72.46M

2.83%

Sole

0.00

Shared

0.00

None

178.82K

JOHNSON & JOHNSON

SOLE

COMMON

Shares383.40K

TypeSH

Market value$71.09M

2.78%

Sole

0.00

Shared

0.00

None

383.40K

GALLAGHER ARTHUR J & CO

SOLE

COMMON

Shares226.51K

TypeSH

Market value$70.16M

2.74%

Sole

0.00

Shared

0.00

None

226.51K

CHEVRON CORP NEW

SOLE

COMMON

Shares427.23K

TypeSH

Market value$66.34M

2.59%

Sole

0.00

Shared

0.00

None

427.23K

CISCO SYS INC

SOLE

COMMON

Shares966.14K

TypeSH

Market value$66.10M

2.58%

Sole

0.00

Shared

0.00

None

966.14K

NEXTERA ENERGY INC

SOLE

COMMON

Shares870.83K

TypeSH

Market value$65.74M

2.57%

Sole

0.00

Shared

0.00

None

870.83K

LOCKHEED MARTIN CORP

SOLE

COMMON

Shares130.69K

TypeSH

Market value$65.24M

2.55%

Sole

0.00

Shared

0.00

None

130.69K

QUALCOMM INC

SOLE

COMMON

Shares383.80K

TypeSH

Market value$63.85M

2.49%

Sole

0.00

Shared

0.00

None

383.80K

MCDONALDS CORP

SOLE

COMMON

Shares209.77K

TypeSH

Market value$63.75M

2.49%

Sole

0.00

Shared

0.00

None

209.77K

CINCINNATI FINL CORP

SOLE

COMMON

Shares402.24K

TypeSH

Market value$63.59M

2.48%

Sole

0.00

Shared

0.00

None

402.24K

EMERSON ELEC CO

SOLE

COMMON

Shares482.41K

TypeSH

Market value$63.28M

2.47%

Sole

0.00

Shared

0.00

None

482.41K

EXXON MOBIL CORP

SOLE

COMMON

Shares544.08K

TypeSH

Market value$61.34M

2.39%

Sole

0.00

Shared

0.00

None

544.08K

TRUIST FINL CORP

SOLE

COMMON

Shares1.31M

TypeSH

Market value$59.98M

2.34%

Sole

0.00

Shared

0.00

None

1.31M

COLGATE PALMOLIVE CO

SOLE

COMMON

Shares685.78K

TypeSH

Market value$54.82M

2.14%

Sole

0.00

Shared

0.00

None

685.78K

PROCTER AND GAMBLE CO

SOLE

COMMON

Shares344.70K

TypeSH

Market value$52.96M

2.07%

Sole

0.00

Shared

0.00

None

344.70K

CONSOLIDATED EDISON INC

SOLE

COMMON

Shares522.70K

TypeSH

Market value$52.54M

2.05%

Sole

0.00

Shared

0.00

None

522.70K

PAYCHEX INC

SOLE

COMMON

Shares406.39K

TypeSH

Market value$51.51M

2.01%

Sole

0.00

Shared

0.00

None

406.39K

Issuer	Class	Shares	Type	Value / Portfolio %	None
MICROSOFT CORPSOLE	COMMON	207.05K	SH	$107.24M 4.19%	207.05K
APPLE INCSOLE	COMMON	378.10K	SH	$96.28M 3.76%	378.10K
JPMORGAN CHASE & CO.SOLE	COMMON	285.17K	SH	$89.95M 3.51%	285.17K
RTX CORPORATIONSOLE	COMMON	518.15K	SH	$86.70M 3.38%	518.15K
ABBVIE INCSOLE	COMMON	370.51K	SH	$85.79M 3.35%	370.51K
INTERNATIONAL BUSINESS MACHSSOLE	COMMON	301.26K	SH	$85.00M 3.32%	301.26K
SERVISFIRST BANCSHARES INCSOLE	COMMON	983.78K	SH	$79.22M 3.09%	983.78K
SOUTHERN COSOLE	COMMON	772.57K	SH	$73.22M 2.86%	772.57K
HOME DEPOT INCSOLE	COMMON	178.82K	SH	$72.46M 2.83%	178.82K
JOHNSON & JOHNSONSOLE	COMMON	383.40K	SH	$71.09M 2.78%	383.40K
GALLAGHER ARTHUR J & COSOLE	COMMON	226.51K	SH	$70.16M 2.74%	226.51K
CHEVRON CORP NEWSOLE	COMMON	427.23K	SH	$66.34M 2.59%	427.23K
CISCO SYS INCSOLE	COMMON	966.14K	SH	$66.10M 2.58%	966.14K
NEXTERA ENERGY INCSOLE	COMMON	870.83K	SH	$65.74M 2.57%	870.83K
LOCKHEED MARTIN CORPSOLE	COMMON	130.69K	SH	$65.24M 2.55%	130.69K
QUALCOMM INCSOLE	COMMON	383.80K	SH	$63.85M 2.49%	383.80K
MCDONALDS CORPSOLE	COMMON	209.77K	SH	$63.75M 2.49%	209.77K
CINCINNATI FINL CORPSOLE	COMMON	402.24K	SH	$63.59M 2.48%	402.24K
EMERSON ELEC COSOLE	COMMON	482.41K	SH	$63.28M 2.47%	482.41K
EXXON MOBIL CORPSOLE	COMMON	544.08K	SH	$61.34M 2.39%	544.08K
TRUIST FINL CORPSOLE	COMMON	1.31M	SH	$59.98M 2.34%	1.31M
COLGATE PALMOLIVE COSOLE	COMMON	685.78K	SH	$54.82M 2.14%	685.78K
PROCTER AND GAMBLE COSOLE	COMMON	344.70K	SH	$52.96M 2.07%	344.70K
CONSOLIDATED EDISON INCSOLE	COMMON	522.70K	SH	$52.54M 2.05%	522.70K
PAYCHEX INCSOLE	COMMON	406.39K	SH	$51.51M 2.01%	406.39K

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