Welch Group, LLC

BIRMINGHAM, AL · CIK 1443095 · 13F filing filed 2026-07-23

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

$2.9bn reported value +9.9% vs Q1 2026

320positions

30.9%in top 10

23 new 123 added 63 reduced 11 sold out vs Q1 2026

Options: 0 call positions (— notional), 6 put positions ($3.8m notional) – listed below, not included above.

Holdings, Q2 2026

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	APPLE INC COM AAPL	AAPL	372,791	$107.9m3.69%	3.69%	Reduced -2.4k	-2,421 -0.7%
2	CISCO SYS INC COM CSCO	CSCO	906,782	$106.5m3.64%	3.64%	Reduced -40.2k	-40,173 -4.2%
3	ABBVIE INC COM ABBV	ABBV	371,366	$93.5m3.20%	3.20%	Added +5.4k	+5,433 1.5%
4	JPMORGAN CHASE & CO COM JPM	JPM	276,835	$90.6m3.10%	3.10%	Reduced -169	-169 -0.1%
5	JOHNSON & JOHNSON COM JNJ	JNJ	356,484	$90.5m3.10%	3.10%	Reduced -2.5k	-2,523 -0.7%
6	RTX CORPORATION COM RTX	RTX	461,989	$87.7m3.00%	3.00%	Reduced -1.4k	-1,356 -0.3%
7	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	301,425	$84.8m2.90%	2.90%	Added +6.6k	+6,623 2.2%
8	SERVISFIRST BANCSHARES INC COM SFBS	SFBS	959,733	$83.3m2.85%	2.85%	Reduced -16.2k	-16,198 -1.7%
9	MICROSOFT CORP COM MSFT	MSFT	219,788	$82.0m2.80%	2.80%	Added +5.7k	+5,665 2.6%
10	QUALCOMM INC COM QCOM	QCOM	413,112	$76.3m2.61%	2.61%	Reduced -4.5k	-4,484 -1.1%
11	TEXAS INSTRS INC COM TXN	TXN	255,512	$76.2m2.60%	2.60%	Reduced -11.8k	-11,780 -4.4%
12	SOUTHERN CO COM SO	SO	787,841	$75.4m2.58%	2.58%	Added +5.0k	+5,050 0.7%
13	NEXTERA ENERGY INC COM NEE	NEE	858,202	$75.3m2.58%	2.58%	Added +5.3k	+5,268 0.6%
14	CINCINNATI FINL CORP COM CINF	CINF	396,011	$73.3m2.51%	2.51%	Reduced -480	-480 -0.1%
15	CHEVRON CORP NEW COM CVX	CVX	432,091	$71.6m2.45%	2.45%	Added +1.8k	+1,779 0.4%
16	EXXON MOBIL CORP COM XOM	XOM	519,749	$71.1m2.43%	2.43%	Reduced -4.6k	-4,634 -0.9%
17	HOME DEPOT INC COM HD	HD	200,409	$70.7m2.42%	2.42%	Added +9.9k	+9,891 5.2%
18	EMERSON ELEC CO COM EMR	EMR	466,315	$66.8m2.28%	2.28%	Added +33	+33 0.0%
19	TRUIST FINL CORP COM TFC	TFC	1,339,362	$66.7m2.28%	2.28%	Added +10.2k	+10,199 0.8%
20	LOCKHEED MARTIN CORP COM LMT	LMT	130,241	$66.4m2.27%	2.27%	Added +3.6k	+3,585 2.8%
21	MCDONALDS CORP COM MCD	MCD	224,805	$60.8m2.08%	2.08%	Added +9.7k	+9,731 4.5%
22	GALLAGHER ARTHUR J & CO COM AJG	AJG	262,241	$60.2m2.06%	2.06%	Added +9.2k	+9,229 3.6%
23	CONSOLIDATED EDISON INC COM ED	ED	533,029	$59.0m2.02%	2.02%	Added +3.9k	+3,933 0.7%
24	COLGATE PALMOLIVE CO COM CL	CL	634,264	$58.1m1.99%	1.99%	Added +7.4k	+7,436 1.2%
25	PROCTER AND GAMBLE CO COM PG	PG	379,476	$55.6m1.90%	1.90%	Added +9.1k	+9,122 2.5%
26	PFIZER INC COM PFE	PFE	2,194,625	$52.8m1.81%	1.81%	Added +46.5k	+46,534 2.2%
27	AMERICAN ELEC PWR CO INC COM AEP	AEP	384,533	$52.6m1.80%	1.80%	Added +8.1k	+8,081 2.1%
28	VERIZON COMMUNICATIONS INC COM VZ	VZ	1,201,159	$50.9m1.74%	1.74%	Reduced -2.7k	-2,701 -0.2%
29	KIMBERLY-CLARK CORP COM KMB	KMB	461,771	$50.7m1.73%	1.73%	Added +14.7k	+14,717 3.3%
30	PAYCHEX INC COM PAYX	PAYX	503,577	$49.5m1.69%	1.69%	Added +19.1k	+19,129 4.0%
31	PEPSICO INC COM PEP	PEP	346,274	$46.9m1.60%	1.60%	Added +6.3k	+6,295 1.9%
32	CATERPILLAR INC COM CAT	CAT	38,163	$40.6m1.39%	1.39%	Reduced -945	-945 -2.4%
33	NVIDIA CORPORATION COM NVDA	NVDA	174,029	$34.8m1.19%	1.19%	Reduced -2.6k	-2,646 -1.5%
34	ADVANCED MICRO DEVICES INC COM AMD	AMD	57,015	$33.1m1.13%	1.13%	Reduced -9.9k	-9,936 -14.8%
35	MICRON TECHNOLOGY INC COM MU	MU	27,937	$32.2m1.10%	1.10%	Reduced -8.0k	-8,020 -22.3%
36	PIMCO ETF TR MULTISECTOR BD PYLD	PYLD	913,614	$24.2m0.83%	0.83%	Added +154.7k	+154,736 20.4%
37	COCA COLA CO COM KO	KO	279,984	$22.8m0.78%	0.78%	Added +6.3k	+6,299 2.3%
38	ALPHABET INC CAP STK CL A GOOGL	GOOGL	63,087	$22.5m0.77%	0.77%	Reduced -562	-562 -0.9%
39	ELI LILLY & CO COM LLY	LLY	15,064	$18.1m0.62%	0.62%	Added +7.4k	+7,415 96.9%
40	DEERE & CO COM DE	DE	28,119	$17.8m0.61%	0.61%	Added +1.1k	+1,058 3.9%
41	PALO ALTO NETWORKS INC COM PANW	PANW	51,532	$17.6m0.60%	0.60%	Added +1.7k	+1,691 3.4%
42	APPLIED MATLS INC COM AMAT	AMAT	24,074	$17.4m0.60%	0.60%	Added +2.2k	+2,193 10.0%
43	AMAZON COM INC COM AMZN	AMZN	69,670	$16.6m0.57%	0.57%	Added +2.2k	+2,206 3.3%
44	GOLDMAN SACHS GROUP INC COM GS	GS	16,363	$16.5m0.57%	0.57%	Added +357	+357 2.2%
45	VISA INC COM CL A V	V	44,021	$15.1m0.52%	0.52%	Added +3.0k	+3,023 7.4%
46	ISHARES TR CORE S&P500 ETF IVV	IVV	18,233	$13.7m0.47%	0.47%	Reduced -19	-19 -0.1%
47	BROADCOM INC COM AVGO	AVGO	35,018	$13.2m0.45%	0.45%	Added +1.4k	+1,384 4.1%
48	TJX COS INC NEW COM TJX	TJX	80,148	$12.1m0.42%	0.42%	Added +4.9k	+4,891 6.5%
49	ORACLE CORP COM ORCL	ORCL	79,270	$11.6m0.40%	0.40%	Added +4.7k	+4,653 6.2%
50	CARRIER GLOBAL CORPORATION COM CARR	CARR	153,645	$11.3m0.39%	0.39%	Added +10.5k	+10,466 7.3%
51	META PLATFORMS INC CL A META	META	19,595	$11.0m0.38%	0.38%	Added +2.2k	+2,188 12.6%
52	TARGET CORP COM TGT	TGT	83,809	$10.9m0.37%	0.37%	Added +4.2k	+4,169 5.2%
53	MASTERCARD INCORPORATED CL A MA	MA	20,831	$10.7m0.37%	0.37%	Added +2.5k	+2,526 13.8%
54	SHERWIN WILLIAMS CO COM SHW	SHW	30,991	$10.7m0.36%	0.36%	Added +4.1k	+4,089 15.2%
55	BLACKSTONE INC COM BX	BX	87,644	$10.3m0.35%	0.35%	Added +6.9k	+6,871 8.5%
56	STRYKER CORPORATION COM SYK	SYK	32,214	$10.1m0.35%	0.35%	Added +5.4k	+5,366 20.0%
57	GLOBE LIFE INC COM GL	GL	45,966	$8.2m0.28%	0.28%	Reduced -495	-495 -1.1%
58	VULCAN MATLS CO COM VMC	VMC	27,465	$8.1m0.28%	0.28%	Reduced -27	-27 -0.1%
59	TESLA INC COM TSLA	TSLA	16,486	$6.9m0.24%	0.24%	Reduced -235	-235 -1.4%
60	AMERICAN EXPRESS CO COM AXP	AXP	18,908	$6.4m0.22%	0.22%	Unchanged
61	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	8,492	$5.8m0.20%	0.20%	Reduced -283	-283 -3.2%
62	WALMART INC COM WMT	WMT	50,675	$5.7m0.20%	0.20%	Added +786	+786 1.6%
63	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	7,346	$5.5m0.19%	0.19%	Added +2.0k	+2,049 38.7%
64	MERCK & CO INC COM MRK	MRK	37,231	$4.8m0.16%	0.16%	Added +448	+448 1.2%
65	ALPHABET INC CAP STK CL C GOOG	GOOG	13,515	$4.8m0.16%	0.16%	Added +404	+404 3.1%
66	NORFOLK SOUTHN CORP COM NSC	NSC	14,552	$4.6m0.16%	0.16%	Added +49	+49 0.3%
67	REGIONS FINANCIAL CORP NEW COM RF	RF	150,270	$4.5m0.16%	0.16%	Added +35	+35 0.0%
68	WORLD GOLD TR SPDR GLD MINIS GLDM	GLDM	56,867	$4.5m0.15%	0.15%	Added +7.3k	+7,346 14.8%
69	AFLAC INC COM AFL	AFL	38,442	$4.5m0.15%	0.15%	Reduced -6.9k	-6,894 -15.2%
70	PHILIP MORRIS INTL INC COM PM	PM	21,747	$3.9m0.13%	0.13%	Added +281	+281 1.3%
71	VANGUARD SCOTTSDALE FDS SHORT TERM TREAS VGSH	VGSH	65,275	$3.8m0.13%	0.13%	Reduced -1.1k	-1,060 -1.6%
72	MODINE MFG CO COM MOD	MOD	13,000	$3.5m0.12%	0.12%	Unchanged
73	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	4,432	$3.3m0.11%	0.11%	Added +6	+6 0.1%
74	SPDR GOLD TR GOLD SHS GLD	GLD	8,625	$3.2m0.11%	0.11%	Reduced -445	-445 -4.9%
75	ALTRIA GROUP INC COM MO	MO	42,273	$3.0m0.10%	0.10%	Added +32	+32 0.1%
76	PINNACLE FINL PARTNERS INC COM PNFP	PNFP	26,853	$2.7m0.09%	0.09%	Reduced -4.8k	-4,849 -15.3%
77	MUELLER INDS INC COM MLI	MLI	22,000	$2.7m0.09%	0.09%	Unchanged
78	CRANE COMPANY COMMON STOCK CR	CR	11,000	$2.5m0.08%	0.08%	Unchanged
79	BANK NEW YORK MELLON CORP COM BNY	BNY	16,936	$2.4m0.08%	0.08%	Unchanged
80	WELLTOWER INC COM WELL	WELL	10,731	$2.4m0.08%	0.08%	Unchanged
81	ISHARES TR 1 3 YR TREAS BD SHY	SHY	28,930	$2.4m0.08%	0.08%	Reduced -533	-533 -1.8%
82	WATTS WATER TECHNOLOGIES INC CL A WTS	WTS	5,400	$2.1m0.07%	0.07%	Unchanged
83	WELLS FARGO CO NEW COM WFC	WFC	24,719	$2.0m0.07%	0.07%	Added +716	+716 3.0%
84	COSTCO WHSL CORP NEW COM COST	COST	2,114	$2.0m0.07%	0.07%	Added +85	+85 4.2%
85	WASTE MGMT INC DEL COM WM	WM	8,233	$1.8m0.06%	0.06%	Added +17	+17 0.2%
86	BANK AMERICA CORP COM BAC	BAC	31,739	$1.8m0.06%	0.06%	Added +1.2k	+1,228 4.0%
87	AT&T INC COM T	T	86,504	$1.8m0.06%	0.06%	Reduced -273	-273 -0.3%
88	VANECK ETF TRUST SEMICONDUCTR ETF SMH	SMH	2,722	$1.8m0.06%	0.06%	Added +3	+3 0.1%
89	REPUBLIC SVCS INC COM RSG	RSG	8,141	$1.7m0.06%	0.06%	Added +18	+18 0.2%
90	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	4,621	$1.7m0.06%	0.06%	Added +26	+26 0.6%
91	AON PLC SHS CL A AON	AON	5,148	$1.7m0.06%	0.06%	Unchanged
92	BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR BBVA	BBVA	67,195	$1.7m0.06%	0.06%	Unchanged
93	DUKE ENERGY CORP NEW COM NEW DUK	DUK	13,082	$1.7m0.06%	0.06%	Added +275	+275 2.1%
94	GENUINE PARTS CO COM GPC	GPC	13,557	$1.6m0.05%	0.05%	Added +1	+1 0.0%
95	INTEL CORP COM INTC	INTC	11,284	$1.6m0.05%	0.05%	Reduced -3.2k	-3,232 -22.3%
96	GRACO INC COM GGG	GGG	20,653	$1.6m0.05%	0.05%	Unchanged
97	ENPRO INC COM NPO	NPO	4,000	$1.5m0.05%	0.05%	Unchanged
98	ISHARES TR 3 7 YR TREAS BD IEI	IEI	12,500	$1.5m0.05%	0.05%	Added +115	+115 0.9%
99	VANGUARD SCOTTSDALE FDS VNG RUS1000IDX VONE	VONE	4,222	$1.4m0.05%	0.05%	Unchanged
100	TEXTRON INC COM TXT	TXT	15,400	$1.4m0.05%	0.05%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		3,790	$1.7m3.8k shares
PROASSURANCE CORP PRA	PRA	14,619	$361.4k14.6k shares
VANGUARD INDEX FDS VXF	VXF	1,365	$280.9k1.4k shares
BOSTON SCIENTIFIC CORP BSX	BSX	4,287	$269.0k4.3k shares
KINROSS GOLD CORP KGC	KGC	8,499	$259.4k8.5k shares
INTUITIVE SURGICAL INC ISRG	ISRG	519	$239.3k519 shares
SALESFORCE INC CRM	CRM	1,251	$233.5k1.3k shares
FREEPORT-MCMORAN INC FCX	FCX	3,651	$214.6k3.7k shares
MUELLER WTR PRODS INC MWA	MWA	7,511	$206.5k7.5k shares
KNIGHTSCOPE INC KSCP	KSCP	20,000	$83.4k20.0k shares
BITFARMS LTD BITF	BITF	32,740	$63.8k32.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
TESLA INC TSLA · Put	TSLA	Put	3,000	$1.3m3.0k shares	New
APPLIED MATLS INC AMAT · Put	AMAT	Put	1,000	$723.0k1.0k shares	New
VISA INC V · Put	V	Put	2,000	$686.2k2.0k shares	Unchanged
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	1,000	$580.9k1.0k shares	New
ALPHABET INC GOOGL · Put	GOOGL	Put	1,000	$357.4k1.0k shares	New
NVIDIA CORPORATION NVDA · Put	NVDA	Put	1,000	$200.1k1.0k shares	New