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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Welch Group, LLC

Quarter ended Q2 2023 · Filed April 13, 2023 · Accession 0001443095-23-000003

Total Value
$1.72B
Positions
216
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (216)

#IssuerTicker / CUSIPSharesValue% of Filing
1SERVISFIRST BANCSHARES INCSFBS1,327,303$72.5M4.22%
2MICROSOFT CORPMSFT231,167$66.6M3.87%
3APPLE INCAAPL380,896$62.8M3.65%
4ABBVIE INCABBV360,301$57.4M3.34%
5EXXON MOBIL CORPXOM514,644$56.4M3.28%
6CHEVRON CORP NEWCVX344,003$56.1M3.26%
7GALLAGHER ARTHUR J & CO363576109275,367$52.7M3.06%
8MCDONALDS CORPMCD186,341$52.1M3.03%
9SOUTHERN COSOMN744,722$51.8M3.01%
10PEPSICO INCPEP283,608$51.7M3.01%
11LOCKHEED MARTIN CORPLMT108,524$51.3M2.98%
12GENERAL MLS INC370334104594,742$50.8M2.95%
13HOME DEPOT INCHD166,738$49.2M2.86%
14NEXTERA ENERGY INCNEE-PW626,645$48.3M2.81%
15RAYTHEON TECHNOLOGIES CORPRTX491,287$48.1M2.80%
16PROCTER AND GAMBLE CO742718109316,188$47.0M2.73%
17JOHNSON & JOHNSONJNJ293,661$45.5M2.65%
18COLGATE PALMOLIVE COCL598,583$45.0M2.62%
19PAYCHEX INCPAYX385,575$44.2M2.57%
20CONSOLIDATED EDISON INCED460,591$44.1M2.56%
21INTERNATIONAL BUSINESS MACHSINTR335,472$44.0M2.56%
22CINCINNATI FINL CORP172062101389,519$43.7M2.54%
23QUALCOMM INCQCOM337,686$43.1M2.50%
24JPMORGAN CHASE & COVYLD324,292$42.3M2.46%
25EMERSON ELEC COEMR484,587$42.2M2.45%
26KIMBERLY-CLARK CORPKMB313,579$42.1M2.45%
27UNILEVER PLCUNLYF805,795$41.8M2.43%
28PFIZER INCPFE898,526$36.7M2.13%
29VERIZON COMMUNICATIONS INCVZ913,338$35.5M2.06%
30TEXAS INSTRS INC882508104170,622$31.7M1.85%
31TRUIST FINL CORP89832Q109886,564$30.2M1.76%
32COCA COLA COKO207,719$12.9M0.75%
33CATERPILLAR INCCAT33,351$7.6M0.44%
34NVIDIA CORPORATIONNVDA26,920$7.5M0.43%
35ISHARES TR46428720018,065$7.4M0.43%
36VANGUARD INDEX FDS92290836319,638$7.4M0.43%
37DEERE & CODE16,679$6.9M0.40%
38AT&T INCT-PC299,102$5.8M0.33%
39AMAZON COM INCAMZN54,748$5.7M0.33%
40BRISTOL-MYERS SQUIBB COCELG-RI79,161$5.5M0.32%
41CISCO SYS INCCSCO101,720$5.3M0.31%
42GLOBE LIFE INCGL-PD47,768$5.3M0.31%
43ALPHABET INCGOOG50,337$5.2M0.30%
44ABBOTT LABSABLZF51,422$5.2M0.30%
45VISA INCV22,803$5.1M0.30%
46ORACLE CORPORCL-PD54,092$5.0M0.29%
47TARGET CORPTGT27,843$4.6M0.27%
48STRYKER CORPORATIONSYK15,915$4.5M0.26%
49TJX COS INC NEW87254010955,930$4.4M0.25%
50VULCAN MATLS CO92916010925,055$4.3M0.25%
51MASTERCARD INCORPORATEDMA11,712$4.3M0.25%
52DISNEY WALT CO25468710642,208$4.2M0.25%
53BLACKSTONE INCBX47,937$4.2M0.24%
54GOLDMAN SACHS GROUP INCGSCE12,272$4.0M0.23%
55ACCENTURE PLC IRELANDACN13,915$4.0M0.23%
56SHERWIN WILLIAMS COSHW16,784$3.8M0.22%
57DOLLAR GEN CORP NEW25667710517,793$3.7M0.22%
58ADVANCED MICRO DEVICES INCAMD38,149$3.7M0.22%
59MERCK & CO INCMRK29,790$3.2M0.18%
60REGIONS FINANCIAL CORP NEWRF-PF117,742$2.2M0.13%
61AFLAC INCAFL33,848$2.2M0.13%
62WALMART INCWMT14,774$2.2M0.13%
63AMERICAN EXPRESS COAXP12,430$2.1M0.12%
64PHILIP MORRIS INTL INC71817210920,389$2.0M0.12%
65LILLY ELI & COLLY5,725$2.0M0.11%
66SYNOVUS FINL CORP87161C50163,018$1.9M0.11%
67ALTRIA GROUP INCMO39,221$1.8M0.10%
68AON PLCAON5,446$1.7M0.10%
69GRACO INCGGG21,391$1.6M0.09%
70GENUINE PARTS COGPC8,151$1.4M0.08%
71SPDR S&P 500 ETF TRSPY3,229$1.3M0.08%
72NORTHROP GRUMMAN CORPNOC2,773$1.3M0.07%
73ALPHABET INCGOOG12,043$1.3M0.07%
74UNITED CMNTY BKS BLAIRSVLE GUNTCW44,381$1.2M0.07%
75SPDR SER TR78468R66312,079$1.1M0.06%
76NOVARTIS AGNVSEF11,793$1.1M0.06%
77DUKE ENERGY CORP NEWDUKB10,982$1.1M0.06%
78SPDR GOLD TRGLD5,525$1.0M0.06%
79WASTE MGMT INC DEL94106L1095,925$966,7830.06%
80WELLTOWER INCWELL13,400$960,6460.06%
81BANK AMERICA CORP06050510433,157$948,3030.06%
82MONDELEZ INTL INC60920710513,584$947,1030.06%
83INTEL CORPINTC28,861$942,8760.05%
84COSTCO WHSL CORP NEW22160K1051,843$915,7320.05%
85CONOCOPHILLIPSCOP9,124$905,1930.05%
86PACER FDS TR69374H10522,915$872,3750.05%
87VANGUARD SCOTTSDALE FDS92206C7304,495$837,5540.05%
88DIAGEO PLCDGEAF4,400$797,1920.05%
89REPUBLIC SVCS INC7607591005,735$775,4870.05%
90INVESCO QQQ TRIVZ2,355$755,7910.04%
91ISHARES TR4642871686,342$743,0980.04%
92BANCO BILBAO VIZCAYA ARGENTABBVXF101,469$715,3570.04%
93YUM BRANDS INCYUM4,973$656,8940.04%
94DOMINION ENERGY INCD11,330$633,4610.04%
95SELECT SECTOR SPDR TR81369Y8034,193$633,1850.04%
96AVIDXCHANGE HOLDINGS INC05368X10280,237$625,8490.04%
97ROYAL BK CDA SUSTAINABL7800871026,390$610,7570.04%
98VANGUARD WHITEHALL FDS9219464065,727$604,1990.04%
99CRESCENT ENERGY COMPANYCRGY53,272$602,5070.04%
100DOW INCDOW10,658$584,2850.03%
101AMERICAN ELEC PWR CO INC0255371016,371$579,6520.03%
102KRAFT HEINZ COKHC14,535$562,0500.03%
103HONEYWELL INTL INC4385161062,932$560,3640.03%
104VANGUARD INDEX FDS9229086292,647$558,2720.03%
105REAVES UTIL INCOME FD75615810119,658$557,8950.03%
106ONEOK INC NEWOKE8,482$538,9470.03%
107XCEL ENERGY INCXELLL7,990$538,8460.03%
108STARBUCKS CORPSBUX4,993$519,9260.03%
109DEVON ENERGY CORP NEW25179M10310,113$511,8410.03%
110CRANE COMPANYCR4,500$510,7500.03%
111CHUBB LIMITEDCB2,565$498,0720.03%
112WELLS FARGO CO NEW94974610113,030$487,0660.03%
113INVESCO EXCHANGE TRADED FD TIVZ3,056$479,1200.03%
114IDEX CORP45167R1042,000$462,0600.03%
115SONY GROUP CORPORATIONSNEJF5,000$453,2500.03%
116ISHARES TR4642873096,933$442,9500.03%
117SMUCKER J M CO8326964052,803$441,1110.03%
118META PLATFORMS INCMETA2,037$431,7220.03%
119DIAMONDBACK ENERGY INCFANG3,187$430,8120.03%
120ISHARES TR4642878044,407$426,2020.02%
121ISHARES SILVER TRSLV18,813$416,1440.02%
122MARTIN MARIETTA MATLS INC5732841061,171$415,7760.02%
123AUTOMATIC DATA PROCESSING INADP1,859$413,8700.02%
124BLACKROCK INCBLK612$409,5310.02%
125PACCAR INCPCAR5,505$402,9660.02%
126PNC FINL SVCS GROUP INC6934751053,164$402,1450.02%
127CLOROX CO DELCLX2,525$399,5560.02%
128VANGUARD INDEX FDS9229087691,955$398,9740.02%
129XYLEM INCXYL3,800$397,8600.02%
130IDACORP INCIDA3,656$396,0550.02%
131BOEING COBA-PA1,850$392,9160.02%
132SELECT SECTOR SPDR TR81369Y5064,725$391,3720.02%
133MUELLER INDS INC6247561025,250$385,7700.02%
134PROASSURANCE CORPPRA20,855$385,4040.02%
135NORFOLK SOUTHN CORP6558441081,803$382,2360.02%
136SCHWAB STRATEGIC TR8085247716,934$380,8160.02%
137PHILLIPS 66PSX3,740$379,1160.02%
138UNITED RENTALS INCURI956$378,3470.02%
139WATTS WATER TECHNOLOGIES INCWTS2,200$370,3040.02%
140ISHARES TR4642875071,469$367,4860.02%
141ENTERGY CORP NEWENO3,324$358,1280.02%
142ISHARES TR4642888106,630$357,8880.02%
143NUCOR CORPNUE2,294$354,3230.02%
144FORD MTR CO DEL34537086027,813$350,4450.02%
1453M COMMM3,239$340,4940.02%
146VANGUARD WORLD FDS92204A702862$332,1660.02%
147UNION PAC CORPUNP1,640$330,0670.02%
148VANGUARD SPECIALIZED FUNDS9219088442,096$322,7630.02%
149SCHWAB STRATEGIC TR8085247228,144$322,1020.02%
150STATE STR CORPSTT-PG4,198$317,7470.02%
151SELECT SECTOR SPDR TR81369Y6059,556$307,2260.02%
152MICROCHIP TECHNOLOGY INC.MCHPP3,638$304,7920.02%
153GILEAD SCIENCES INCGILD3,663$303,8950.02%
154MEDICAL PPTYS TRUST INC58463J30435,773$294,0580.02%
155AIR PRODS & CHEMS INCAIIR1,020$292,9550.02%
156CVS HEALTH CORPCVS3,914$290,8160.02%
157RENAISSANCERE HLDGS LTDRNR-PG1,450$290,4930.02%
158PPG INDS INC6935061072,169$289,7360.02%
159ARCHER DANIELS MIDLAND COADM3,584$285,5350.02%
160MARATHON PETE CORPMARA2,099$283,0090.02%
161TEXTRON INCTXT4,000$282,5200.02%
162CNH INDL N VN2094410918,500$282,4950.02%
163SIMON PPTY GROUP INC NEW8288061092,502$280,1040.02%
164ZIMMER BIOMET HOLDINGS INCZBH2,146$277,2880.02%
165WHIRLPOOL CORPWHR-PA2,100$277,2420.02%
166NASDAQ INCNDAQ4,947$270,4530.02%
167PERMIAN BASIN RTY TR71423610610,816$263,9110.02%
168KELLOGG COBEKE3,926$262,8710.02%
169MICRON TECHNOLOGY INCMU4,340$261,8940.02%
170ENTERPRISE PRODS PARTNERS L29379210710,021$259,5540.02%
171MOSAIC CO NEWMOS5,646$259,0390.02%
172WALGREENS BOOTS ALLIANCE INC9314271087,475$258,4890.02%
173GENERAL DYNAMICS CORPGD1,113$253,9980.01%
174SOUTHERN STS BANCSHARES INCSOMN11,182$252,1550.01%
175YUM CHINA HLDGS INCYUMC3,950$250,3740.01%
176RYMAN HOSPITALITY PPTYS INC78377T1072,750$246,7580.01%
177US BANCORP DELUSB-PS6,826$246,0780.01%
178VANGUARD WORLD FDS92204A3062,153$245,8920.01%
179FORTUNE BRANDS INNOVATIONS IFBIN4,121$242,0270.01%
180IRON MTN INC DEL46284V1014,531$239,7360.01%
181SPDR SER TR78464A8621,106$230,7340.01%
182SCHWAB CHARLES CORPSCHW-PJ4,391$230,0030.01%
183HERC HLDGS INCHRI2,000$227,8000.01%
184GLOBAL PMTS INC37940X1022,164$227,7400.01%
185CONSTELLATION BRANDS INCSTZ1,008$227,7360.01%
186INVESCO EXCH TRADED FD TR IIIVZ12,384$227,3710.01%
187MORGAN STANLEYMS-PQ2,588$227,2270.01%
188SCHLUMBERGER LTDSLB4,581$224,9170.01%
189CAPITAL ONE FINL CORP14040H1052,327$223,7650.01%
190FIRSTENERGY CORPFE5,556$222,5620.01%
191GATX CORPGATX2,011$221,2880.01%
192UNITED PARCEL SERVICE INCUPS1,139$220,9550.01%
193KINDER MORGAN INC DELEP-PC12,232$214,1770.01%
194THERMO FISHER SCIENTIFIC INCTMO369$212,7430.01%
195INVESCO EXCH TRADED FD TR IIIVZ6,805$211,0240.01%
196ICAHN ENTERPRISES LPIEP4,071$210,5120.01%
197INTERNATIONAL PAPER CO4601461035,796$209,0040.01%
198TECK RESOURCES LTDTCKRF5,700$208,0500.01%
199COMCAST CORP NEWCCZ5,435$206,0410.01%
200NIKE INCNKE1,678$205,8090.01%
201SHELL PLCRYDAF3,544$203,9380.01%
202EDWARDS LIFESCIENCES CORPEW2,453$202,9370.01%
203J P MORGAN EXCHANGE TRADED F46641Q3992,727$200,4860.01%
204RIVIAN AUTOMOTIVE INCRIVN11,244$174,0580.01%
205BP PRUDHOE BAY RTY TRBPPFF15,579$118,2450.01%
206UNITED INS HLDGS CORPACIC33,497$94,4620.01%
207GRAFTECH INTL LTD38431350816,000$77,7600.00%
208LUMEN TECHNOLOGIES INCLUMN28,100$74,4650.00%
209AMBEV SAABEV14,816$41,7820.00%
210SAFE BULKERS INCSB-PC10,000$36,9000.00%
211BITFARMS LTDBITF32,740$31,7580.00%
212ALAUNOS THERAPEUTICS INCTCRT43,000$27,0900.00%
213WESTWATER RES INCWWR22,954$25,4790.00%
214ARGO BLOCKCHAIN PLCARBK12,309$20,5570.00%
215GT BIOPHARMA INCGTBP10,000$5,5000.00%
216NORTHERN DYNASTY MINERALS LT66510M20410,000$2,3880.00%