WELCH GROUP, LLC

PrivateCIK: 1443095

Location

BIRMINGHAM, AL

326

Positions

$2.93B

Total AUM (reported)

22.39M

Total Shares

Allocation by class

COM$2.73B93.2%

CL A$29.08M1.0%

MULTISECTOR BD$24.23M0.8%

CAP STK CL A$22.55M0.8%

COM CL A$15.30M0.5%

CORE S&P500 ETF$13.65M0.5%

S&P 500 ETF SHS$5.83M0.2%

Portfolio Concentration

Top 3$307.83M10.5%

4–10$595.15M20.3%

11–25$1.01B34.4%

Rest$1.02B34.8%

Top 3 weight

10.5%

Top 10 weight

30.8%

Voting Authority Distribution

Total shares with voting rights: 22.39M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

22.39M

% of voting shares100.0%

Investment Discretion (by position count)

Sole326

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings326

Rows:

APPLE INC

SOLE

COM

Shares372.79K

TypeSH

Market value$107.87M

3.68%

Sole

0.00

Shared

0.00

None

372.79K

CISCO SYS INC

SOLE

COM

Shares906.78K

TypeSH

Market value$106.51M

3.64%

Sole

0.00

Shared

0.00

None

906.78K

ABBVIE INC

SOLE

COM

Shares371.37K

TypeSH

Market value$93.45M

3.19%

Sole

0.00

Shared

0.00

None

371.37K

JPMORGAN CHASE & CO

SOLE

COM

Shares276.83K

TypeSH

Market value$90.62M

3.09%

Sole

0.00

Shared

0.00

None

276.83K

JOHNSON & JOHNSON

SOLE

COM

Shares356.48K

TypeSH

Market value$90.54M

3.09%

Sole

0.00

Shared

0.00

None

356.48K

RTX CORPORATION

SOLE

COM

Shares461.99K

TypeSH

Market value$87.65M

2.99%

Sole

0.00

Shared

0.00

None

461.99K

INTERNATIONAL BUSINESS MACHS

SOLE

COM

Shares301.43K

TypeSH

Market value$84.76M

2.89%

Sole

0.00

Shared

0.00

None

301.43K

SERVISFIRST BANCSHARES INC

SOLE

COM

Shares959.73K

TypeSH

Market value$83.26M

2.84%

Sole

0.00

Shared

0.00

None

959.73K

MICROSOFT CORP

SOLE

COM

Shares219.79K

TypeSH

Market value$81.99M

2.80%

Sole

0.00

Shared

0.00

None

219.79K

QUALCOMM INC

SOLE

COM

Shares413.11K

TypeSH

Market value$76.34M

2.61%

Sole

0.00

Shared

0.00

None

413.11K

TEXAS INSTRS INC

SOLE

COM

Shares255.51K

TypeSH

Market value$76.16M

2.60%

Sole

0.00

Shared

0.00

None

255.51K

SOUTHERN CO

SOLE

COM

Shares787.84K

TypeSH

Market value$75.40M

2.57%

Sole

0.00

Shared

0.00

None

787.84K

NEXTERA ENERGY INC

SOLE

COM

Shares858.20K

TypeSH

Market value$75.32M

2.57%

Sole

0.00

Shared

0.00

None

858.20K

CINCINNATI FINL CORP

SOLE

COM

Shares396.01K

TypeSH

Market value$73.32M

2.50%

Sole

0.00

Shared

0.00

None

396.01K

CHEVRON CORPORATION

SOLE

COM

Shares432.09K

TypeSH

Market value$71.62M

2.45%

Sole

0.00

Shared

0.00

None

432.09K

EXXON MOBIL CORP

SOLE

COM

Shares519.75K

TypeSH

Market value$71.06M

2.43%

Sole

0.00

Shared

0.00

None

519.75K

HOME DEPOT INC

SOLE

COM

Shares200.41K

TypeSH

Market value$70.68M

2.41%

Sole

0.00

Shared

0.00

None

200.41K

EMERSON ELEC CO

SOLE

COM

Shares466.31K

TypeSH

Market value$66.75M

2.28%

Sole

0.00

Shared

0.00

None

466.31K

TRUIST FINL CORP

SOLE

COM

Shares1.34M

TypeSH

Market value$66.73M

2.28%

Sole

0.00

Shared

0.00

None

1.34M

LOCKHEED MARTIN CORP

SOLE

COM

Shares130.24K

TypeSH

Market value$66.35M

2.27%

Sole

0.00

Shared

0.00

None

130.24K

MCDONALDS CORP

SOLE

COM

Shares224.81K

TypeSH

Market value$60.77M

2.08%

Sole

0.00

Shared

0.00

None

224.81K

GALLAGHER ARTHUR J & CO

SOLE

COM

Shares262.24K

TypeSH

Market value$60.20M

2.06%

Sole

0.00

Shared

0.00

None

262.24K

CONSOLIDATED EDISON INC

SOLE

COM

Shares533.03K

TypeSH

Market value$58.97M

2.01%

Sole

0.00

Shared

0.00

None

533.03K

COLGATE PALMOLIVE CO

SOLE

COM

Shares634.26K

TypeSH

Market value$58.15M

1.99%

Sole

0.00

Shared

0.00

None

634.26K

PROCTER & GAMBLE CO

SOLE

COM

Shares379.48K

TypeSH

Market value$55.65M

1.90%

Sole

0.00

Shared

0.00

None

379.48K

Issuer	Class	Shares	Type	Value / Portfolio %	None
APPLE INCSOLE	COM	372.79K	SH	$107.87M 3.68%	372.79K
CISCO SYS INCSOLE	COM	906.78K	SH	$106.51M 3.64%	906.78K
ABBVIE INCSOLE	COM	371.37K	SH	$93.45M 3.19%	371.37K
JPMORGAN CHASE & COSOLE	COM	276.83K	SH	$90.62M 3.09%	276.83K
JOHNSON & JOHNSONSOLE	COM	356.48K	SH	$90.54M 3.09%	356.48K
RTX CORPORATIONSOLE	COM	461.99K	SH	$87.65M 2.99%	461.99K
INTERNATIONAL BUSINESS MACHSSOLE	COM	301.43K	SH	$84.76M 2.89%	301.43K
SERVISFIRST BANCSHARES INCSOLE	COM	959.73K	SH	$83.26M 2.84%	959.73K
MICROSOFT CORPSOLE	COM	219.79K	SH	$81.99M 2.80%	219.79K
QUALCOMM INCSOLE	COM	413.11K	SH	$76.34M 2.61%	413.11K
TEXAS INSTRS INCSOLE	COM	255.51K	SH	$76.16M 2.60%	255.51K
SOUTHERN COSOLE	COM	787.84K	SH	$75.40M 2.57%	787.84K
NEXTERA ENERGY INCSOLE	COM	858.20K	SH	$75.32M 2.57%	858.20K
CINCINNATI FINL CORPSOLE	COM	396.01K	SH	$73.32M 2.50%	396.01K
CHEVRON CORPORATIONSOLE	COM	432.09K	SH	$71.62M 2.45%	432.09K
EXXON MOBIL CORPSOLE	COM	519.75K	SH	$71.06M 2.43%	519.75K
HOME DEPOT INCSOLE	COM	200.41K	SH	$70.68M 2.41%	200.41K
EMERSON ELEC COSOLE	COM	466.31K	SH	$66.75M 2.28%	466.31K
TRUIST FINL CORPSOLE	COM	1.34M	SH	$66.73M 2.28%	1.34M
LOCKHEED MARTIN CORPSOLE	COM	130.24K	SH	$66.35M 2.27%	130.24K
MCDONALDS CORPSOLE	COM	224.81K	SH	$60.77M 2.08%	224.81K
GALLAGHER ARTHUR J & COSOLE	COM	262.24K	SH	$60.20M 2.06%	262.24K
CONSOLIDATED EDISON INCSOLE	COM	533.03K	SH	$58.97M 2.01%	533.03K
COLGATE PALMOLIVE COSOLE	COM	634.26K	SH	$58.15M 1.99%	634.26K
PROCTER & GAMBLE COSOLE	COM	379.48K	SH	$55.65M 1.90%	379.48K

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