Welch Group, LLC Q2 2025 Filing

Filed July 25, 2025

Portfolio Value

$2.4T

Holdings

280

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (280 positions)

#StockSharesValue% PortfolioType
1
MSFTMICROSOFT CORP
204,974$102.0B4.26%
2
IBMINTERNATIONAL BUSINESS MACHS
300,394$88.6B3.70%
3
JPMJPMORGAN CHASE & CO.
285,533$82.8B3.46%
4
AAPLAPPLE INC
375,181$77.0B3.22%
5
RTXRTX CORPORATION
521,476$76.1B3.18%
6
SFBSSERVISFIRST BANCSHARES INC
974,158$75.5B3.16%
7
AJGGALLAGHER ARTHUR J & CO
224,038$71.7B3.00%
8
SOSOUTHERN CO
767,455$70.5B2.94%
9
ABBVABBVIE INC
367,359$68.2B2.85%
10
CSCOCISCO SYS INC
956,197$66.3B2.77%
11
HDHOME DEPOT INC
176,698$64.8B2.71%
12
EMREMERSON ELEC CO
483,059$64.4B2.69%
13
CLCOLGATE PALMOLIVE CO
665,041$60.5B2.53%
14
MCDMCDONALDS CORP
206,004$60.2B2.52%
15
CVXCHEVRON CORP NEW
419,880$60.1B2.51%
16
QCOMQUALCOMM INC
375,898$59.9B2.50%
17
CINFCINCINNATI FINL CORP
400,492$59.6B2.49%
18
NEENEXTERA ENERGY INC
850,837$59.1B2.47%
19
LMTLOCKHEED MARTIN CORP
126,912$58.8B2.46%
20
PAYXPAYCHEX INC
398,493$58.0B2.42%
21
JNJJOHNSON & JOHNSON
378,913$57.9B2.42%
22
XOMEXXON MOBIL CORP
535,498$57.7B2.41%
23
TFCTRUIST FINL CORP
1,298,835$55.8B2.33%
24
PGPROCTER AND GAMBLE CO
337,798$53.8B2.25%
25
TXNTEXAS INSTRS INC
252,853$52.5B2.19%
26
EDCONSOLIDATED EDISON INC
514,010$51.6B2.16%
27
BACVERIZON COMMUNICATIONS INC
1,147,934$49.7B2.08%
28
PEPPEPSICO INC
363,869$48.0B2.01%
29
KMBKIMBERLY-CLARK CORP
367,551$47.4B1.98%
30
PFEPFIZER INC
1,908,773$46.3B1.93%
31
GISGENERAL MLS INC
777,702$40.3B1.68%
32
NVDANVIDIA CORPORATION
184,091$29.1B1.22%
33
KOCOCA COLA CO
259,317$18.3B0.77%
34
CATCATERPILLAR INC
39,634$15.4B0.64%
35
ORCLORACLE CORP
65,885$14.4B0.60%
36
AMZNAMAZON COM INC
60,924$13.4B0.56%
37
VVISA INC
37,425$13.3B0.56%Put
38
DEDEERE & CO
25,557$13.0B0.54%
39
GSGOLDMAN SACHS GROUP INC
16,404$11.6B0.49%
40
METAMETA PLATFORMS INC
15,686$11.6B0.48%
41
GOOGLALPHABET INC
64,262$11.3B0.47%
42
IVVISHARES TR
17,635$10.9B0.46%
43
ABTABBOTT LABS
74,915$10.2B0.43%
44
AMDADVANCED MICRO DEVICES INC
70,087$9.9B0.42%
45
BXBLACKSTONE INC
62,641$9.4B0.39%
46
AVGOBROADCOM INC
32,562$9.0B0.38%
47
TJXTJX COS INC NEW
71,935$8.9B0.37%
48
MAMASTERCARD INCORPORATED
15,507$8.7B0.36%
49
SYKSTRYKER CORPORATION
21,736$8.6B0.36%
50
AFLAFLAC INC
78,407$8.3B0.35%
51
CARRCARRIER GLOBAL CORPORATION
109,266$8.0B0.33%
52
SHWSHERWIN WILLIAMS CO
22,897$7.9B0.33%
53
VMCVULCAN MATLS CO
27,990$7.3B0.31%
54
ACNACCENTURE PLC IRELAND
23,300$7.0B0.29%
55
DYHTARGET CORP
61,631$6.1B0.25%
56
AXPAMERICAN EXPRESS CO
18,833$6.0B0.25%
57
GLGLOBE LIFE INC
47,577$5.9B0.25%
58
VOOVANGUARD INDEX FDS
9,258$5.3B0.22%
59
LLYELI LILLY & CO
6,510$5.1B0.21%
60
WMTWALMART INC
47,970$4.7B0.20%
61
4I1PHILIP MORRIS INTL INC
21,656$3.9B0.16%
62
SYU1SYNOVUS FINL CORP
67,708$3.5B0.15%
63
RFREGIONS FINANCIAL CORP NEW
137,556$3.2B0.14%
64
SPYSPDR S&P 500 ETF TR
5,052$3.1B0.13%
65
SHYISHARES TR
34,529$2.9B0.12%
66
NDQINVESCO QQQ TR
4,839$2.7B0.11%
67
MRKMERCK & CO INC
33,286$2.6B0.11%
68
MOALTRIA GROUP INC
42,318$2.5B0.10%
69
TAT&T INC
85,164$2.5B0.10%
70
GQ9SPDR GOLD TR
7,944$2.4B0.10%
71
GOOGALPHABET INC
12,936$2.3B0.10%
72
VGSHVANGUARD SCOTTSDALE FDS
37,476$2.2B0.09%
73
BILSPDR SERIES TRUST
23,718$2.2B0.09%
74
CRCRANE COMPANY
11,000$2.1B0.09%
75
RSGREPUBLIC SVCS INC
8,123$2.0B0.08%
76
AONAON PLC
5,130$1.8B0.08%
77
WFCWELLS FARGO CO NEW
22,467$1.8B0.08%
78
GGGGRACO INC
20,653$1.8B0.07%
79
MLIMUELLER INDS INC
22,000$1.7B0.07%
80
COSTCOSTCO WHSL CORP NEW
1,755$1.7B0.07%
81
HONHONEYWELL INTL INC
7,386$1.7B0.07%
82
WELLWELLTOWER INC
10,703$1.6B0.07%
83
GPCGENUINE PARTS CO
13,017$1.6B0.07%
84
WMWASTE MGMT INC DEL
6,790$1.6B0.06%
85
BKBANK NEW YORK MELLON CORP
16,936$1.5B0.06%
86
DUKDUKE ENERGY CORP NEW
12,400$1.5B0.06%
87
NOCNORTHROP GRUMMAN CORP
2,872$1.4B0.06%
88
BACBANK AMERICA CORP
28,697$1.4B0.06%
89
WTSWATTS WATER TECHNOLOGIES INC
5,400$1.3B0.06%
90
MODMODINE MFG CO
13,000$1.3B0.05%
91
MDLZMONDELEZ INTL INC
18,889$1.3B0.05%
92
TXTTEXTRON INC
15,400$1.2B0.05%
93
ORLYOREILLY AUTOMOTIVE INC
13,440$1.2B0.05%
94
NFLXNETFLIX INC
901$1.2B0.05%
95
DISDISNEY WALT CO
9,661$1.2B0.05%
96
VONEVANGUARD SCOTTSDALE FDS
4,237$1.2B0.05%
97
GATXGATX CORP
7,512$1.2B0.05%
98
NVSNNOVARTIS AG
9,466$1.1B0.05%
99
BATRAATLANTA BRAVES HLDGS INC
20,976$1.0B0.04%
100
UCBUNITED CMNTY BKS BLAIRSVLE G
34,558$1.0B0.04%
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