Welch Group, LLC

BIRMINGHAM, AL · CIK 1443095 · 13F filing filed 2024-07-17

SEC-registered investment adviser since 1999 · limited liability company

Assets managed$3.7bn
Staff28 · 26 in investment roles
Main clients (by assets)High net worth individuals 91%, Individuals 8%
Websitewelchgroup.com
Form ADV · 2026-08-31SEC adviser record

Kindwealth
Others nearbyBirmingham, AL

$2.1bn reported value +3.2% vs Q1 2024

267positions

32.7%in top 10

38 new 129 added 39 reduced 5 sold out vs Q1 2024

Holdings, Q2 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	MICROSOFT CORP COM MSFT	MSFT	201,022	$89.8m4.32%	4.32%	Reduced -1.6k	-1,558 -0.8%
2	SERVISFIRST BANCSHARES INC COM SFBS	SFBS	1,255,498	$79.3m3.81%	3.81%	Reduced -18.8k	-18,773 -1.5%
3	APPLE INC COM AAPL	AAPL	366,000	$77.1m3.70%	3.70%	Added +7.7k	+7,742 2.2%
4	QUALCOMM INC COM QCOM	QCOM	342,098	$68.1m3.27%	3.27%	Reduced -11.2k	-11,190 -3.2%
5	JPMORGAN CHASE & CO COM JPM	JPM	309,063	$62.5m3.00%	3.00%	Reduced -6.0k	-5,974 -1.9%
6	GALLAGHER ARTHUR J & CO COM AJG	AJG	238,639	$61.9m2.97%	2.97%	Reduced -3.2k	-3,178 -1.3%
7	ABBVIE INC COM ABBV	ABBV	359,639	$61.7m2.96%	2.96%	Added +2.2k	+2,198 0.6%
8	SOUTHERN CO COM SO	SO	789,281	$61.2m2.94%	2.94%	Added +211	+211 0.0%
9	COLGATE PALMOLIVE CO COM CL	CL	624,865	$60.6m2.91%	2.91%	Reduced -2.9k	-2,948 -0.5%
10	EXXON MOBIL CORP COM XOM	XOM	511,611	$58.9m2.83%	2.83%	Reduced -3.0k	-2,950 -0.6%
11	CHEVRON CORP NEW COM CVX	CVX	376,006	$58.8m2.83%	2.83%	Added +3.1k	+3,136 0.8%
12	HOME DEPOT INC COM HD	HD	168,397	$58.0m2.79%	2.79%	Added +1.4k	+1,430 0.9%
13	NEXTERA ENERGY INC COM NEE	NEE	808,100	$57.2m2.75%	2.75%	Added +13.9k	+13,875 1.8%
14	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	324,188	$56.1m2.69%	2.69%	Reduced -90	-90 -0.0%
15	RTX CORPORATION COM RTX	RTX	545,247	$54.7m2.63%	2.63%	Reduced -3.4k	-3,408 -0.6%
16	LOCKHEED MARTIN CORP COM LMT	LMT	116,764	$54.5m2.62%	2.62%	Added +1.4k	+1,398 1.2%
17	PROCTER AND GAMBLE CO COM PG	PG	320,880	$52.9m2.54%	2.54%	Added +1.2k	+1,237 0.4%
18	EMERSON ELEC CO COM EMR	EMR	478,434	$52.7m2.53%	2.53%	Reduced -5.0k	-4,998 -1.0%
19	PEPSICO INC COM PEP	PEP	305,650	$50.4m2.42%	2.42%	Added +5.7k	+5,739 1.9%
20	JOHNSON & JOHNSON COM JNJ	JNJ	337,096	$49.3m2.37%	2.37%	Added +10.3k	+10,331 3.2%
21	MCDONALDS CORP COM MCD	MCD	192,099	$49.0m2.35%	2.35%	Added +5.9k	+5,884 3.2%
22	CINCINNATI FINL CORP COM CINF	CINF	412,758	$48.7m2.34%	2.34%	Added +1.8k	+1,767 0.4%
23	KIMBERLY-CLARK CORP COM KMB	KMB	348,891	$48.2m2.32%	2.32%	Added +2.8k	+2,772 0.8%
24	UNILEVER PLC SPON ADR NEW SPON ADR NEW		865,256	$47.6m2.29%	2.29%	Added +7.5k	+7,480 0.9%
25	PAYCHEX INC COM PAYX	PAYX	401,151	$47.6m2.29%	2.29%	Added +3.2k	+3,248 0.8%
26	TRUIST FINL CORP COM TFC	TFC	1,222,780	$47.5m2.28%	2.28%	Added +25.3k	+25,271 2.1%
27	TEXAS INSTRS INC COM TXN	TXN	231,357	$45.0m2.16%	2.16%	Added +2.2k	+2,208 1.0%
28	CONSOLIDATED EDISON INC COM ED	ED	495,320	$44.3m2.13%	2.13%	Added +5.9k	+5,942 1.2%
29	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,064,637	$43.9m2.11%	2.11%	Added +15.7k	+15,735 1.5%
30	PFIZER INC COM PFE	PFE	1,560,118	$43.7m2.10%	2.10%	Added +67.5k	+67,511 4.5%
31	GENERAL MLS INC COM GIS	GIS	676,543	$42.8m2.06%	2.06%	Added +11.5k	+11,506 1.7%
32	NVIDIA CORPORATION COM NVDA	NVDA	194,562	$24.0m1.15%	1.15%	Reduced -8.6k	-8,558 -4.2%
33	COCA COLA CO COM KO	KO	240,736	$15.3m0.74%	0.74%	Added +11.6k	+11,618 5.1%
34	CATERPILLAR INC COM CAT	CAT	35,660	$11.9m0.57%	0.57%	Added +711	+711 2.0%
35	AMAZON COM INC COM AMZN	AMZN	53,035	$10.2m0.49%	0.49%	Added +283	+283 0.5%
36	ALPHABET INC CAP STK CL A GOOGL	GOOGL	53,369	$9.7m0.47%	0.47%	Added +353	+353 0.7%
37	ISHARES TR CORE S&P500 ETF IVV	IVV	17,590	$9.6m0.46%	0.46%	Reduced -5	-5 -0.0%
38	DEERE & CO COM DE	DE	22,890	$8.6m0.41%	0.41%	Added +2.6k	+2,591 12.8%
39	ORACLE CORP COM ORCL	ORCL	59,126	$8.3m0.40%	0.40%	Added +814	+814 1.4%
40	VISA INC COM CL A V	V	28,789	$7.6m0.36%	0.36%	Added +3.2k	+3,181 12.4%
41	AFLAC INC COM AFL	AFL	83,851	$7.5m0.36%	0.36%	Added +50.0k	+50,000 147.7%
42	ADVANCED MICRO DEVICES INC COM AMD	AMD	43,337	$7.0m0.34%	0.34%	Added +3.5k	+3,493 8.8%
43	VULCAN MATLS CO COM VMC	VMC	28,247	$7.0m0.34%	0.34%	Added +2.6k	+2,648 10.3%
44	TJX COS INC NEW COM TJX	TJX	63,019	$6.9m0.33%	0.33%	Added +1.6k	+1,634 2.7%
45	GOLDMAN SACHS GROUP INC COM GS	GS	15,116	$6.8m0.33%	0.33%	Added +306	+306 2.1%
46	BLACKSTONE INC COM BX	BX	54,243	$6.7m0.32%	0.32%	Added +1.0k	+1,035 1.9%
47	META PLATFORMS INC CL A META	META	13,212	$6.7m0.32%	0.32%	Added +354	+354 2.8%
48	ABBOTT LABS COM ABT	ABT	60,571	$6.3m0.30%	0.30%	Added +2.9k	+2,945 5.1%
49	CISCO SYS INC COM CSCO	CSCO	129,315	$6.1m0.30%	0.30%	Added +6.0k	+5,999 4.9%
50	STRYKER CORPORATION COM SYK	SYK	17,821	$6.1m0.29%	0.29%	Added +499	+499 2.9%
51	MASTERCARD INCORPORATED CL A MA	MA	13,323	$5.9m0.28%	0.28%	Added +340	+340 2.6%
52	SHERWIN WILLIAMS CO COM SHW	SHW	19,472	$5.8m0.28%	0.28%	Added +589	+589 3.1%
53	ELI LILLY & CO COM LLY	LLY	6,339	$5.7m0.28%	0.28%	Added +398	+398 6.7%
54	TARGET CORP COM TGT	TGT	37,741	$5.6m0.27%	0.27%	Added +1.2k	+1,188 3.2%
55	CARRIER GLOBAL CORPORATION COM CARR	CARR	84,512	$5.3m0.26%	0.26%	Added +5.2k	+5,154 6.5%
56	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	17,285	$5.2m0.25%	0.25%	Added +1.6k	+1,553 9.9%
57	DOLLAR GEN CORP NEW COM DG	DG	35,309	$4.7m0.22%	0.22%	Added +3.0k	+3,004 9.3%
58	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	8,427	$4.2m0.20%	0.20%	Added +66	+66 0.8%
59	GLOBE LIFE INC COM GL	GL	48,818	$4.0m0.19%	0.19%	Reduced -2.3k	-2,339 -4.6%
60	AMERICAN EXPRESS CO COM AXP	AXP	16,842	$3.9m0.19%	0.19%	Added +3.5k	+3,500 26.2%
61	MERCK & CO INC COM MRK	MRK	30,654	$3.8m0.18%	0.18%	Reduced -196	-196 -0.6%
62	SYNOVUS FINL CORP COM NEW COM NEW		77,980	$3.1m0.15%	0.15%	Added +18.0k	+18,011 30.0%
63	WALMART INC COM WMT	WMT	43,992	$3.0m0.14%	0.14%	Added +1.1k	+1,085 2.5%
64	REGIONS FINANCIAL CORP NEW COM RF	RF	130,181	$2.6m0.13%	0.13%	Added +6.4k	+6,421 5.2%
65	ALPHABET INC CAP STK CL C GOOG	GOOG	12,140	$2.2m0.11%	0.11%	Reduced -742	-742 -5.8%
66	PHILIP MORRIS INTL INC COM PM	PM	21,567	$2.2m0.11%	0.11%	Added +311	+311 1.5%
67	GRACO INC COM GGG	GGG	23,791	$1.9m0.09%	0.09%	Added +1.5k	+1,500 6.7%
68	ALTRIA GROUP INC COM MO	MO	40,925	$1.9m0.09%	0.09%	Added +2.0k	+2,039 5.2%
69	GENUINE PARTS CO COM GPC	GPC	13,091	$1.8m0.09%	0.09%	Added +4.0k	+4,001 44.0%
70	BANK AMERICA CORP COM BAC	BAC	42,621	$1.7m0.08%	0.08%	Added +2.3k	+2,327 5.8%
71	REPUBLIC SVCS INC COM RSG	RSG	8,609	$1.7m0.08%	0.08%	Added +1.9k	+1,874 27.8%
72	AT&T INC COM T	T	84,634	$1.6m0.08%	0.08%	Added +17.5k	+17,470 26.0%
73	CRANE COMPANY COMMON STOCK CR	CR	11,000	$1.6m0.08%	0.08%	Added +5.0k	+5,000 83.3%
74	AON PLC SHS CL A AON	AON	5,272	$1.5m0.07%	0.07%	Unchanged
75	HONEYWELL INTL INC COM COM		7,032	$1.5m0.07%	0.07%	Added +3.3k	+3,300 88.4%
76	COSTCO WHSL CORP NEW COM COST	COST	1,736	$1.5m0.07%	0.07%	Added +8	+8 0.5%
77	SPDR GOLD TR GOLD SHS GLD	GLD	6,812	$1.5m0.07%	0.07%	Added +870	+870 14.6%
78	WASTE MGMT INC DEL COM WM	WM	6,788	$1.4m0.07%	0.07%	Added +961	+961 16.5%
79	TEXTRON INC COM TXT	TXT	15,400	$1.3m0.06%	0.06%	Added +10.0k	+10,000 185.2%
80	MODINE MFG CO COM MOD	MOD	13,000	$1.3m0.06%	0.06%	Added +9.5k	+9,500 271.4%
81	SELECT SECTOR SPDR TR SBI HEALTHCARE XLV	XLV	8,860	$1.3m0.06%	0.06%	Added +6.8k	+6,762 322.3%
82	WELLS FARGO CO NEW COM WFC	WFC	21,166	$1.3m0.06%	0.06%	Added +6.5k	+6,500 44.3%
83	MUELLER INDS INC COM MLI	MLI	22,000	$1.3m0.06%	0.06%	Added +9.5k	+9,500 76.0%
84	MONDELEZ INTL INC CL A MDLZ	MDLZ	18,988	$1.2m0.06%	0.06%	Added +4.1k	+4,101 27.6%
85	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,278	$1.2m0.06%	0.06%	Reduced -15	-15 -0.7%
86	DUKE ENERGY CORP NEW COM NEW DUK	DUK	12,336	$1.2m0.06%	0.06%	Added +1.2k	+1,169 10.5%
87	NORTHROP GRUMMAN CORP COM NOC	NOC	2,770	$1.2m0.06%	0.06%	Unchanged
88	DISNEY WALT CO COM DIS	DIS	11,606	$1.2m0.06%	0.06%	Added +4.1k	+4,083 54.3%
89	ISHARES TR 1 3 YR TREAS BD SHY	SHY	14,020	$1.1m0.06%	0.06%	Added +1.8k	+1,753 14.3%
90	WELLTOWER INC COM WELL	WELL	10,700	$1.1m0.05%	0.05%	Unchanged
91	CONOCOPHILLIPS COM COP	COP	9,554	$1.1m0.05%	0.05%	Reduced -391	-391 -3.9%
92	NOVARTIS AG SPONSORED ADR NVS	NVS	10,226	$1.1m0.05%	0.05%	Unchanged
93	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	4,366	$1.1m0.05%	0.05%	Reduced -3	-3 -0.1%
94	SPDR SER TR BLOOMBERG 1-3 MO BIL	BIL	11,588	$1.1m0.05%	0.05%	Added +65	+65 0.6%
95	XYLEM INC COM XYL	XYL	7,800	$1.1m0.05%	0.05%	Added +3.2k	+3,200 69.6%
96	PACER FDS TR TRENDP US LAR CP PTLC	PTLC	20,607	$1.0m0.05%	0.05%	Reduced -200	-200 -1.0%
97	SELECT SECTOR SPDR TR ENERGY XLE	XLE	11,135	$1.0m0.05%	0.05%	Added +5.3k	+5,259 89.5%
98	BANK NEW YORK MELLON CORP COM BNY	BNY	16,936	$1.0m0.05%	0.05%	Added +11.6k	+11,600 217.4%
99	GATX CORP COM GATX	GATX	7,512	$994.2k0.05%	0.05%	Added +4.5k	+4,500 149.4%
100	WATTS WATER TECHNOLOGIES INC CL A WTS	WTS	5,400	$990.2k0.05%	0.05%	Added +2.5k	+2,500 86.2%

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
EQUIFAX INC EFX	EFX	831	$222.3k831 shares
AUTODESK INC ADSK	ADSK	801	$208.6k801 shares
VANGUARD INDEX FDS VOT	VOT	881	$207.7k881 shares
US BANCORP DEL USB	USB	4,635	$207.2k4.6k shares
SAFE BULKERS INC SB	SB	13,000	$64.5k13.0k shares