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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 Q3 2023 · Filed July 18, 2023 · Accession 0001443095-23-000004

Total Value
$1.74B
Positions
217
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (217)

#IssuerTicker / CUSIPSharesValue% of Filing
1MICROSOFT CORPMSFT228,816$77.9M4.47%
2APPLE INCAAPL376,257$73.0M4.18%
3GALLAGHER ARTHUR J & CO363576109269,674$59.2M3.39%
4MCDONALDS CORPMCD184,728$55.1M3.16%
5CHEVRON CORP NEWCVX346,889$54.6M3.13%
6EXXON MOBIL CORPXOM507,125$54.4M3.12%
7SOUTHERN COSOMN761,308$53.5M3.07%
8SERVISFIRST BANCSHARES INCSFBS1,299,599$53.2M3.05%
9HOME DEPOT INCHD169,189$52.6M3.01%
10PEPSICO INCPEP281,991$52.2M2.99%
11LOCKHEED MARTIN CORPLMT108,611$50.0M2.87%
12JOHNSON & JOHNSONJNJ301,422$49.9M2.86%
13ABBVIE INCABBV363,282$48.9M2.81%
14RAYTHEON TECHNOLOGIES CORPRTX493,404$48.3M2.77%
15PROCTER AND GAMBLE CO742718109317,526$48.2M2.76%
16JPMORGAN CHASE & COVYLD330,186$48.0M2.75%
17NEXTERA ENERGY INCNEE-PW638,277$47.4M2.71%
18COLGATE PALMOLIVE COCL606,553$46.7M2.68%
19INTERNATIONAL BUSINESS MACHSINTR342,399$45.8M2.63%
20GENERAL MLS INC370334104584,506$44.8M2.57%
21EMERSON ELEC COEMR492,701$44.5M2.55%
22PAYCHEX INCPAYX391,362$43.8M2.51%
23KIMBERLY-CLARK CORPKMB313,975$43.3M2.48%
24UNILEVER PLCUNLYF804,581$41.9M2.40%
25QUALCOMM INCQCOM351,668$41.9M2.40%
26CONSOLIDATED EDISON INCED459,851$41.6M2.38%
27CINCINNATI FINL CORP172062101395,461$38.5M2.21%
28VERIZON COMMUNICATIONS INCVZ960,145$35.7M2.05%
29PFIZER INCPFE949,219$34.8M2.00%
30TEXAS INSTRS INC882508104183,637$33.1M1.90%
31TRUIST FINL CORP89832Q1091,006,035$30.5M1.75%
32COCA COLA COKO216,052$13.0M0.75%
33NVIDIA CORPORATIONNVDA24,583$10.4M0.60%
34CATERPILLAR INCCAT34,621$8.5M0.49%
35VANGUARD INDEX FDS92290836320,403$8.3M0.48%
36ISHARES TR46428720018,036$8.0M0.46%
37AMAZON COM INCAMZN56,491$7.4M0.42%
38DEERE & CODE17,470$7.1M0.41%
39ORACLE CORPORCL-PD54,576$6.5M0.37%
40ALPHABET INCGOOG52,202$6.2M0.36%
41ABBOTT LABSABLZF54,006$5.9M0.34%
42VULCAN MATLS CO92916010925,514$5.8M0.33%
43CISCO SYS INCCSCO108,806$5.6M0.32%
44VISA INCV23,565$5.6M0.32%
45BRISTOL-MYERS SQUIBB COCELG-RI84,116$5.4M0.31%
46GLOBE LIFE INCGL-PD47,054$5.2M0.30%
47AT&T INCT-PC317,533$5.1M0.29%
48STRYKER CORPORATIONSYK16,421$5.0M0.29%
49TJX COS INC NEW87254010958,363$4.9M0.28%
50MASTERCARD INCORPORATEDMA12,250$4.8M0.28%
51BLACKSTONE INCBX51,685$4.8M0.28%
52SHERWIN WILLIAMS COSHW17,972$4.8M0.27%
53ADVANCED MICRO DEVICES INCAMD40,451$4.6M0.26%
54ACCENTURE PLC IRELANDACN14,796$4.6M0.26%
55GOLDMAN SACHS GROUP INCGSCE13,243$4.3M0.24%
56DISNEY WALT CO25468710646,288$4.1M0.24%
57TARGET CORPTGT30,860$4.1M0.23%
58DOLLAR GEN CORP NEW25667710520,791$3.5M0.20%
59MERCK & CO INCMRK30,045$3.5M0.20%
60LILLY ELI & COLLY5,469$2.6M0.15%
61AFLAC INCAFL33,848$2.4M0.14%
62WALMART INCWMT14,175$2.2M0.13%
63AMERICAN EXPRESS COAXP12,430$2.2M0.12%
64REGIONS FINANCIAL CORP NEWRF-PF119,889$2.1M0.12%
65SYNOVUS FINL CORP87161C50166,839$2.0M0.12%
66PHILIP MORRIS INTL INC71817210920,398$2.0M0.11%
67GRACO INCGGG21,391$1.8M0.11%
68AON PLCAON5,272$1.8M0.10%
69ALTRIA GROUP INCMO38,766$1.8M0.10%
70ALPHABET INCGOOG11,963$1.4M0.08%
71GENUINE PARTS COGPC8,151$1.4M0.08%
72SPDR S&P 500 ETF TRSPY2,915$1.3M0.07%
73NORTHROP GRUMMAN CORPNOC2,789$1.3M0.07%
74NOVARTIS AGNVSEF11,793$1.2M0.07%
75UNITED CMNTY BKS BLAIRSVLE GUNTCW44,381$1.1M0.06%
76WELLTOWER INCWELL13,400$1.1M0.06%
77SPDR GOLD TRGLD5,957$1.1M0.06%
78WASTE MGMT INC DEL94106L1095,925$1.0M0.06%
79COSTCO WHSL CORP NEW22160K1051,907$1.0M0.06%
80MONDELEZ INTL INC60920710513,585$990,8590.06%
81DUKE ENERGY CORP NEWDUKB10,985$985,8370.06%
82INTEL CORPINTC28,598$956,3250.05%
83CONOCOPHILLIPSCOP9,094$942,2300.05%
84PACER FDS TR69374H10522,545$931,1090.05%
85VANGUARD SCOTTSDALE FDS92206C7304,495$906,0130.05%
86BANK AMERICA CORP06050510430,658$879,5910.05%
87REPUBLIC SVCS INC7607591005,735$878,4300.05%
88DIAGEO PLCDGEAF4,400$763,3120.04%
89INVESCO QQQ TRIVZ1,966$726,2800.04%
90YUM BRANDS INCYUM4,973$689,0720.04%
91BANCO BILBAO VIZCAYA ARGENTABBVXF86,351$663,1760.04%
92VANGUARD INDEX FDS9229086292,859$629,3300.04%
93ROYAL BK CDA7800871026,390$610,3090.03%
94VANGUARD WHITEHALL FDS9219464065,727$607,4630.03%
95MARTIN MARIETTA MATLS INC5732841061,274$588,1940.03%
96HONEYWELL INTL INC4385161062,832$587,6400.03%
97WELLS FARGO CO NEW94974610113,528$577,3800.03%
98SPDR SER TR78468R6636,164$565,9790.03%
99DOW INCDOW10,572$563,0910.03%
100CRESCENT ENERGY COMPANYCRGY53,272$555,0950.03%
101REAVES UTIL INCOME FD75615810119,658$539,0230.03%
102DOMINION ENERGY INCD10,381$537,6320.03%
103AMERICAN ELEC PWR CO INC0255371016,320$532,1570.03%
104ONEOK INC NEWOKE8,580$529,5580.03%
105META PLATFORMS INCMETA1,812$520,0080.03%
106KRAFT HEINZ COKHC14,553$516,6320.03%
107EATON CORP PLCETN2,561$515,0180.03%
108XCEL ENERGY INCXELLL7,990$496,7390.03%
109SELECT SECTOR SPDR TR81369Y8032,856$496,5450.03%
110STARBUCKS CORPSBUX4,993$494,6250.03%
111CHUBB LIMITEDCB2,565$493,9170.03%
112DEVON ENERGY CORP NEW25179M10310,130$489,6880.03%
113ISHARES TR4642873096,941$489,2020.03%
114INVESCO EXCHANGE TRADED FD TIVZ2,985$488,4960.03%
115PACCAR INCPCAR5,505$460,4940.03%
116MUELLER INDS INC6247561025,250$458,2200.03%
117SONY GROUP CORPORATIONSNEJF5,000$450,2000.03%
118BOEING COBA-PA2,072$437,4440.03%
119ISHARES TR4642878044,372$435,7160.02%
120IDEX CORP45167R1042,000$430,5200.02%
121XYLEM INCXYL3,800$427,9560.02%
122UNITED RENTALS INCURI956$425,7740.02%
123BLACKROCK INCBLK612$423,0080.02%
124VANGUARD INDEX FDS9229087691,919$422,6870.02%
125FORD MTR CO DEL34537086027,823$420,9610.02%
126DIAMONDBACK ENERGY INCFANG3,187$418,6690.02%
127AVIDXCHANGE HOLDINGS INC05368X10240,119$416,4360.02%
128SMUCKER J M CO8326964052,803$413,9220.02%
129NORFOLK SOUTHN CORP6558441081,803$408,8490.02%
130WATTS WATER TECHNOLOGIES INCWTS2,200$404,2060.02%
131CRANE COMPANYCR4,500$401,0400.02%
132SCHWAB STRATEGIC TR8085247716,934$399,1910.02%
133SELECT SECTOR SPDR TR81369Y5064,725$383,5290.02%
134VANGUARD WORLD FDS92204A702862$381,0170.02%
135ISHARES TR4642875071,443$377,3160.02%
136NUCOR CORPNUE2,294$376,1370.02%
137AUTOMATIC DATA PROCESSING INADP1,709$375,6220.02%
138IDACORP INCIDA3,656$375,1060.02%
139ISHARES TR4642888106,630$374,3300.02%
140ISHARES SILVER TRSLV17,803$371,9050.02%
141ISHARES TR4642871683,244$367,4890.02%
142PHILLIPS 66PSX3,756$358,2440.02%
143PNC FINL SVCS GROUP INC6934751052,826$355,9350.02%
144VANGUARD SPECIALIZED FUNDS9219088442,190$355,6770.02%
145VANECK ETF TRUST92189F6762,333$355,2000.02%
146CLOROX CO DELCLX2,225$353,8640.02%
147TESLA INCTSLA1,341$351,1440.02%
148SCHWAB STRATEGIC TR8085247228,144$348,4910.02%
149MEDICAL PPTYS TRUST INC58463J30436,637$339,2580.02%
150UNION PAC CORPUNP1,601$327,5970.02%
151GENERAL DYNAMICS CORPGD1,512$325,3070.02%
152ENTERGY CORP NEWENO3,324$323,6580.02%
153PPG INDS INC6935061072,169$321,6630.02%
154WHIRLPOOL CORPWHR-PA2,100$312,4590.02%
155ZIMMER BIOMET HOLDINGS INCZBH2,114$307,8270.02%
156STATE STR CORPSTT-PG4,198$307,2100.02%
157AIR PRODS & CHEMS INCAIIR1,020$305,5210.02%
158MICROCHIP TECHNOLOGY INC.MCHPP3,323$297,7080.02%
159FORTUNE BRANDS INNOVATIONS IFBIN4,121$296,5060.02%
160SIMON PPTY GROUP INC NEW8288061092,502$288,9770.02%
161HERC HLDGS INCHRI2,000$273,7000.02%
162ARCHER DANIELS MIDLAND COADM3,592$271,4210.02%
163TEXTRON INCTXT4,000$270,5200.02%
164RENAISSANCERE HLDGS LTDRNR-PG1,450$270,4540.02%
165CVS HEALTH CORPCVS3,908$270,1570.02%
166MICRON TECHNOLOGY INCMU4,280$270,1340.02%
167PERMIAN BASIN RTY TR71423610610,816$269,7520.02%
168LOWES COS INC5486611071,181$266,5520.02%
169CNH INDL N VN2094410918,500$266,4000.02%
170ENTERPRISE PRODS PARTNERS L29379210710,089$265,8410.02%
171MARATHON PETE CORPMARA2,271$264,7990.02%
172KELLOGG COBEKE3,926$264,5980.02%
173GATX CORPGATX2,011$258,9480.01%
174GILEAD SCIENCES INCGILD3,345$257,8000.01%
175IRON MTN INC DEL46284V1014,531$257,4520.01%
176RYMAN HOSPITALITY PPTYS INC78377T1072,750$255,5300.01%
177CAPITAL ONE FINL CORP14040H1052,327$254,5040.01%
178CRANE NXT COCXT4,500$253,9800.01%
179SCHWAB CHARLES CORPSCHW-PJ4,404$249,6030.01%
180NASDAQ INCNDAQ4,947$246,6080.01%
181VANGUARD WORLD FDS92204A3062,141$241,6980.01%
182SCHLUMBERGER LTDSLB4,903$240,8250.01%
183TECK RESOURCES LTDTCKRF5,700$239,9700.01%
184INVESCO EXCH TRADED FD TR IIIVZ12,736$237,4000.01%
185SOUTHERN STS BANCSHARES INCSOMN11,182$235,9410.01%
186EDWARDS LIFESCIENCES CORPEW2,453$231,3920.01%
187ARCOSA INCACA3,000$227,3100.01%
188COMCAST CORP NEWCCZ5,435$225,8250.01%
189CONSTELLATION BRANDS INCSTZ917$225,7440.01%
190YUM CHINA HLDGS INCYUMC3,950$223,1600.01%
191MORGAN STANLEYMS-PQ2,588$221,0160.01%
192FIRSTENERGY CORPFE5,603$217,8620.01%
193J P MORGAN EXCHANGE TRADED F46641Q3992,727$217,3360.01%
194GLOBAL PMTS INC37940X1022,164$213,1980.01%
195WALGREENS BOOTS ALLIANCE INC9314271087,476$212,9830.01%
196KINDER MORGAN INC DELEP-PC12,336$212,4200.01%
197VANGUARD INDEX FDS922908736743$210,2400.01%
198INVESCO EXCH TRADED FD TR IIIVZ6,778$208,7630.01%
199DELTA AIR LINES INC DELDAL4,382$208,3210.01%
200SHELL PLCRYDAF3,446$208,0870.01%
201UNITED PARCEL SERVICE INCUPS1,138$203,9870.01%
202SELECT SECTOR SPDR TR81369Y2091,514$200,9540.01%
203ENPRO INDS INCNPO1,500$200,2950.01%
204PROASSURANCE CORPPRA13,074$197,2930.01%
205RIVIAN AUTOMOTIVE INCRIVN11,232$187,1260.01%
206UNITED INS HLDGS CORPACIC33,497$149,3970.01%
207GRAFTECH INTL LTD38431350816,000$80,6400.00%
208BP PRUDHOE BAY RTY TRBPPFF16,559$75,3440.00%
209LUMEN TECHNOLOGIES INCLUMN28,100$63,5060.00%
210BITFARMS LTDBITF32,740$48,1280.00%
211AMBEV SAABEV14,816$47,1150.00%
212SAFE BULKERS INCSB-PC10,000$32,6000.00%
213ALAUNOS THERAPEUTICS INCTCRT43,000$21,9300.00%
214ARGO BLOCKCHAIN PLCARBK12,309$19,6950.00%
215WESTWATER RES INCWWR22,954$18,8690.00%
216GT BIOPHARMA INCGTBP10,000$3,1200.00%
217NORTHERN DYNASTY MINERALS LT66510M20410,000$2,4000.00%