Welch Group, LLC

RIA/Wealth

Welch Group, LLC is a RIA/Wealth based in Birmingham, AL led by Stewart Henry Welch, reporting $3.2B in AUM as of Q3 2025 with MSFT as the largest holding (4% allocation).

FounderStewart Henry Welch

Portfolio Value: $2.6B
Positions: 297
Top Holding: MSFT at 4.19%
Last Reported: Q3 2025

Address3940 Montclair Rd, Fifth Floor, Birmingham, AL, 35213, United States

Top Holdings

Largest long holdings in Welch Group, LLC's portfolio (33.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Microsoft MSFT	Software - Infrastructure Technology	$107.2M	4.19%	+$1.1M Bought	0.00% 207.0K shares	≤ Q2 2013 Held for 12y 5m+
2 Apple AAPL	Consumer Electronics Technology	$96.3M	3.76%	+$743.0K Bought	0.00% 378.1K shares	≤ Q2 2013 Held for 12y 5m+
3 JPMorgan Chase JPM	Banks - Diversified Financial Services	$90.0M	3.51%	-$113.9K Sold	0.01% 285.2K shares	≤ Q2 2013 Held for 12y 5m+
4 Raytheon Technologies RTX	Aerospace & Defense Industrials	$86.7M	3.39%	-$556.5K Sold	0.04% 518.2K shares	≤ Q2 2013 Held for 12y 5m+
5 AbbVie ABBV	Drug Manufacturers - General Healthcare	$85.8M	3.35%	+$729.1K Bought	0.02% 370.5K shares	≤ Q2 2013 Held for 12y 5m+
6 International Business Machines IBM	Information Technology Services Technology	$85.0M	3.32%	+$244.4K Bought	0.03% 301.3K shares	≤ Q2 2013 Held for 12y 5m+
7 ServisFirst Bancshares SFBS	Banks - Regional Financial Services	$79.2M	3.09%	+$774.5K Bought	1.80% 983.8K shares	Q2 2014 Held for 11y 5m
8 Southern Company SO	Regulated Electric Utilities	$73.2M	2.86%	+$485.1K Bought	0.07% 772.6K shares	≤ Q2 2013 Held for 12y 5m+
9 Home Depot HD	Home Improvement Consumer Cyclical	$72.5M	2.83%	+$861.4K Bought	0.02% 178.8K shares	≤ Q2 2013 Held for 12y 5m+
10 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$71.1M	2.78%	+$832.0K Bought	0.02% 383.4K shares	≤ Q2 2013 Held for 12y 5m+

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Welch Group, LLC's latest filing

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Market Value

$2.6B

Prior: $2.4B

Q/Q Change

+7.04%

+$168.4M

Net Flows % of MV

+1.87%

Turnover Ratio

1.46%

New Purchases

15 stocks

$13.8M

Added To

140 stocks

+$45.7M

Sold Out Of

8 stocks

$1.8M

Reduced Holdings

50 stocks

-$10.0M

Increased Positions

Position	Shares Δ	Change
1 Palo Alto Networks, Inc. PANW	New	0 → 38.9K +$7.9M
2 GLDM SPDR Gold MiniShares Trust GLDM	New	0 → 15.3K +$1.2M
3 Vanguard Total International Stock VXUS	New	0 → 13.2K +$972.5K
4 AD Advo AD	New	0 → 11.0K +$550.1K
5 iShares 3-7 Year Treasury Bond IEI	New	0 → 3.9K +$462.6K

Decreased Positions

Position	Shares Δ	Change
1 United States Cellular USM	Sold	11.0K → 0 −$703.7K
2 Schwab US Dividend Equity SCHD	Sold	11.7K → 0 −$310.7K
3 Willdan Group WLDN	Sold	4.0K → 0 −$250.0K
4 The J.M. Smucker Company SJM	Sold	2.5K → 0 −$248.3K
5 Southern States Bancshares, Inc. SSBK	Sold	6.2K → 0 −$224.8K

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Analytics

Portfolio insights and performance metrics for Welch Group, LLC

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Sector Allocation

Technology

21.90%

Financial Services

17.70%

Industrials

13.20%

Consumer Defensive

11.00%

Healthcare

9.30%

Utilities

7.70%

Consumer Cyclical

6.60%

Energy

5.30%

Communication Services

3.50%

ETF

2.10%

Basic Materials

0.80%

Real Estate

0.20%

Market Cap Distribution

Mega Cap (> $200B)

48.66%

Large Cap ($10B - $200B)

44.72%

Mid Cap ($2B - $10B)

3.91%

Small Cap ($300M - $2B)

0.06%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.04%

N/A (ETF or Unknown)

2.62%

Portfolio Concentration

Top 10 Holdings %

33.07%

Top 20 Holdings %

58.43%

Top 50 Holdings %

90.4%

Top 100 Holdings %

96.45%