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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 Q1 2024 · Filed April 9, 2024 · Accession 0001443095-24-000003

Total Value
$2.02B
Positions
234
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (234)

#IssuerTicker / CUSIPSharesValue% of Filing
1MICROSOFT CORPMSFT202,580$85.2M4.23%
2SERVISFIRST BANCSHARES INCSFBS1,274,271$84.6M4.19%
3ABBVIE INCABBV357,441$65.1M3.23%
4HOME DEPOT INCHD166,967$64.0M3.18%
5JPMORGAN CHASE & COVYLD315,037$63.1M3.13%
6INTERNATIONAL BUSINESS MACHSINTR324,278$61.9M3.07%
7APPLE INCAAPL358,258$61.4M3.05%
8GALLAGHER ARTHUR J & CO363576109241,817$60.5M3.00%
9EXXON MOBIL CORPXOM514,561$59.8M2.97%
10QUALCOMM INCQCOM353,288$59.8M2.97%
11CHEVRON CORP NEWCVX372,870$58.8M2.92%
12SOUTHERN COSOMN789,070$56.6M2.81%
13COLGATE PALMOLIVE COCL627,813$56.5M2.80%
14EMERSON ELEC COEMR483,432$54.8M2.72%
15RTX CORPORATIONRTX548,655$53.5M2.65%
16MCDONALDS CORPMCD186,215$52.5M2.60%
17PEPSICO INCPEP299,911$52.5M2.60%
18LOCKHEED MARTIN CORPLMT115,366$52.5M2.60%
19PROCTER AND GAMBLE CO742718109319,643$51.9M2.57%
20JOHNSON & JOHNSONJNJ326,765$51.7M2.56%
21CINCINNATI FINL CORP172062101410,991$51.0M2.53%
22NEXTERA ENERGY INCNEE-PW794,225$50.8M2.52%
23PAYCHEX INCPAYX397,903$48.9M2.42%
24TRUIST FINL CORP89832Q1091,197,509$46.7M2.31%
25GENERAL MLS INC370334104665,037$46.5M2.31%
26KIMBERLY-CLARK CORPKMB346,119$44.8M2.22%
27CONSOLIDATED EDISON INCED489,378$44.4M2.20%
28VERIZON COMMUNICATIONS INCVZ1,048,902$44.0M2.18%
29UNILEVER PLCUNLYF857,776$43.1M2.14%
30PFIZER INCPFE1,492,607$41.4M2.05%
31TEXAS INSTRS INC882508104229,149$39.9M1.98%
32NVIDIA CORPORATIONNVDA20,312$18.4M0.91%
33COCA COLA COKO229,118$14.0M0.70%
34CATERPILLAR INCCAT34,949$12.8M0.64%
35AMAZON COM INCAMZN52,752$9.5M0.47%
36ISHARES TR46428720017,595$9.3M0.46%
37DEERE & CODE20,299$8.3M0.41%
38ALPHABET INCGOOG53,016$8.0M0.40%
39ORACLE CORPORCL-PD58,312$7.3M0.36%
40ADVANCED MICRO DEVICES INCAMD39,844$7.2M0.36%
41VISA INCV25,608$7.1M0.35%
42BLACKSTONE INCBX53,208$7.0M0.35%
43VULCAN MATLS CO92916010925,599$7.0M0.35%
44SHERWIN WILLIAMS COSHW18,883$6.6M0.33%
45ABBOTT LABSABLZF57,626$6.5M0.32%
46TARGET CORPTGT36,553$6.5M0.32%
47MASTERCARD INCORPORATEDMA12,983$6.3M0.31%
48META PLATFORMS INCMETA12,858$6.2M0.31%
49TJX COS INC NEW87254010961,385$6.2M0.31%
50STRYKER CORPORATIONSYK17,322$6.2M0.31%
51GOLDMAN SACHS GROUP INCGSCE14,810$6.2M0.31%
52CISCO SYS INCCSCO123,316$6.2M0.31%
53GLOBE LIFE INCGL-PD51,157$6.0M0.30%
54ACCENTURE PLC IRELANDACN15,732$5.5M0.27%
55DOLLAR GEN CORP NEW25667710532,305$5.0M0.25%
56ELI LILLY & COLLY5,941$4.6M0.23%
57CARRIER GLOBAL CORPORATIONCARR79,358$4.6M0.23%
58MERCK & CO INCMRK30,850$4.1M0.20%
59VANGUARD INDEX FDS9229083638,361$4.0M0.20%
60AMERICAN EXPRESS COAXP13,342$3.0M0.15%
61AFLAC INCAFL33,851$2.9M0.14%
62REGIONS FINANCIAL CORP NEWRF-PF123,760$2.6M0.13%
63WALMART INCWMT42,907$2.6M0.13%
64SYNOVUS FINL CORP87161C50159,969$2.4M0.12%
65GRACO INCGGG22,291$2.1M0.10%
66ALPHABET INCGOOG12,882$2.0M0.10%
67PHILIP MORRIS INTL INC71817210921,256$1.9M0.10%
68AON PLCAON5,272$1.8M0.09%
69ALTRIA GROUP INCMO38,886$1.7M0.08%
70BANK AMERICA CORP06050510440,294$1.5M0.08%
71GENUINE PARTS COGPC9,090$1.4M0.07%
72NORTHROP GRUMMAN CORPNOC2,770$1.3M0.07%
73REPUBLIC SVCS INC7607591006,735$1.3M0.06%
74COSTCO WHSL CORP NEW22160K1051,728$1.3M0.06%
75CONOCOPHILLIPSCOP9,945$1.3M0.06%
76WASTE MGMT INC DEL94106L1095,827$1.2M0.06%
77SPDR GOLD TRGLD5,942$1.2M0.06%
78SPDR S&P 500 ETF TRSPY2,293$1.2M0.06%
79AT&T INCT-PC67,164$1.2M0.06%
80DUKE ENERGY CORP NEWDUKB11,167$1.1M0.05%
81SPDR SER TR78468R66311,523$1.1M0.05%
82MONDELEZ INTL INC60920710514,887$1.0M0.05%
83VANGUARD SCOTTSDALE FDS92206C7304,369$1.0M0.05%
84ISHARES TR46428745712,267$1.0M0.05%
85WELLTOWER INCWELL10,700$999,8080.05%
86PACER FDS TR69374H10520,807$992,9110.05%
87UNITED CMNTY BKS BLAIRSVLE GUNTCW37,714$992,6330.05%
88NOVARTIS AGNVSEF10,226$989,1610.05%
89BANCO BILBAO VIZCAYA ARGENTABBVXF80,096$948,3370.05%
90DISNEY WALT CO2546871067,523$920,5090.05%
91BRISTOL-MYERS SQUIBB COCELG-RI16,682$904,6530.04%
92EATON CORP PLCETN2,819$881,4450.04%
93WELLS FARGO CO NEW94974610114,666$850,0170.04%
94INTEL CORPINTC19,208$848,4130.04%
95CRANE COMPANYCR6,000$810,7800.04%
96HONEYWELL INTL INC4385161063,732$765,9930.04%
97CHUBB LIMITEDCB2,886$747,8500.04%
98INVESCO QQQ TRIVZ1,645$730,3970.04%
99MARTIN MARIETTA MATLS INC5732841061,188$729,3610.04%
100ONEOK INC NEWOKE9,069$727,0620.04%
101VANGUARD INDEX FDS9229087362,104$724,1970.04%
102PACCAR INCPCAR5,829$722,1550.04%
103VANGUARD WHITEHALL FDS9219464065,928$717,2290.04%
104SELECT SECTOR SPDR TR81369Y8033,366$701,0370.03%
105UNITED RENTALS INCURI956$689,3820.03%
106YUM BRANDS INCYUM4,958$687,4700.03%
107MUELLER INDS INC62475610212,500$674,1250.03%
108DIAMONDBACK ENERGY INCFANG3,367$667,2760.03%
109IDEX CORP45167R1042,700$658,8540.03%
110PHILLIPS 66PSX3,949$645,0490.03%
111ROYAL BK CDA7800871026,390$644,6240.03%
112CRESCENT ENERGY COMPANYCRGY53,272$633,9370.03%
113VANGUARD INDEX FDS9229086292,519$629,5180.03%
114WATTS WATER TECHNOLOGIES INCWTS2,900$616,3950.03%
115XYLEM INCXYL4,600$594,5040.03%
116AMERICAN ELEC PWR CO INC0255371016,723$578,8710.03%
117DIAGEO PLCDGEAF3,800$565,2120.03%
118SELECT SECTOR SPDR TR81369Y5065,876$554,7540.03%
119KRAFT HEINZ COKHC14,868$548,6240.03%
120HERC HLDGS INCHRI3,250$546,9750.03%
121VANECK ETF TRUST92189F6762,333$524,9020.03%
122MICRON TECHNOLOGY INCMU4,448$524,3170.03%
123TEXTRON INCTXT5,400$518,0220.03%
124MARATHON PETE CORPMARA2,549$513,6240.03%
125REAVES UTIL INCOME FD75615810119,017$512,6990.03%
126BLACKROCK INCBLK612$510,2610.03%
127INVESCO EXCHANGE TRADED FD TIVZ12,882$495,5710.02%
128GENERAL DYNAMICS CORPGD1,710$483,0580.02%
129NORFOLK SOUTHN CORP6558441081,890$481,7460.02%
130PNC FINL SVCS GROUP INC6934751052,826$456,6820.02%
131STARBUCKS CORPSBUX4,994$456,3680.02%
132NUCOR CORPNUE2,299$455,0540.02%
133VANGUARD WORLD FDS92204A702863$452,5220.02%
134VANGUARD INDEX FDS9229087691,720$447,0460.02%
135VANGUARD SPECIALIZED FUNDS9219088442,423$442,4510.02%
136SCHWAB STRATEGIC TR8085247716,512$438,8440.02%
137DOMINION ENERGY INCD8,778$431,7900.02%
138AUTOMATIC DATA PROCESSING INADP1,709$426,8060.02%
139BOEING COBA-PA2,110$407,1360.02%
140ISHARES SILVER TRSLV17,803$405,0190.02%
141GATX CORPGATX3,012$403,6400.02%
142DOW INCDOW6,915$400,5660.02%
143ISHARES TR4642871683,249$400,2640.02%
144ZIMMER BIOMET HOLDINGS INCZBH3,015$397,8570.02%
145REGENERON PHARMACEUTICALSREGN413$397,5090.02%
146SIMON PPTY GROUP INC NEW8288061092,513$393,3230.02%
147FORTUNE BRANDS INNOVATIONS IFBIN4,621$391,2610.02%
148ISHARES TR4642888106,630$388,4520.02%
149UNION PAC CORPUNP1,563$384,3890.02%
150NETFLIX INCNFLX622$377,7600.02%
151ENTERPRISE PRODS PARTNERS L29379210712,863$375,3470.02%
152STATE STR CORPSTT-PG4,848$374,8480.02%
153ISHARES TR4642873094,318$364,6120.02%
154SCHWAB STRATEGIC TR8085247227,190$364,3370.02%
155IRON MTN INC DEL46284V1014,531$363,4320.02%
156AMERICAN COASTAL INS CORPACIC33,497$358,0830.02%
157CAPITAL ONE FINL CORP14040H1052,327$346,4680.02%
158ARCOSA INCACA4,000$343,4400.02%
159ITT INCITT2,512$341,6550.02%
160RENAISSANCERE HLDGS LTDRNR-PG1,450$340,7940.02%
161CLOROX CO DELCLX2,220$339,9050.02%
162IDACORP INCIDA3,656$339,6060.02%
163CNH INDL N VN2094410926,118$338,4900.02%
164ENPRO INCNPO2,000$337,5400.02%
165SMUCKER J M CO8326964052,673$336,5050.02%
166MODINE MFG CO6078281003,500$333,1650.02%
167ISHARES TR4642875075,460$331,6410.02%
168RYMAN HOSPITALITY PPTYS INC78377T1072,750$317,9280.02%
169ENTERGY CORP NEWENO2,991$316,0890.02%
170PPG INDS INC6935061072,169$314,2890.02%
171NASDAQ INCNDAQ4,947$312,1560.02%
172SELECT SECTOR SPDR TR81369Y2092,098$309,9380.02%
173SCHWAB CHARLES CORPSCHW-PJ4,266$308,5850.02%
174DEVON ENERGY CORP NEW25179M1036,133$307,7290.02%
175BANK NEW YORK MELLON CORP0640581005,336$307,4610.02%
176ANNALY CAPITAL MANAGEMENT INNLY-PJ15,433$303,8750.02%
177AIR PRODS & CHEMS INCAIIR1,253$303,4980.02%
178GILEAD SCIENCES INCGILD4,136$302,9620.02%
179ISHARES TR4642878042,726$301,3290.01%
180MICROCHIP TECHNOLOGY INC.MCHPP3,323$298,1070.01%
181SOUTHERN STS BANCSHARES INCSOMN11,182$289,8380.01%
182VANGUARD WORLD FDS92204A3062,167$285,3940.01%
183SCHLUMBERGER LTDSLB5,189$284,3920.01%
184FLOWSERVE CORPFLS6,150$280,9320.01%
185GLOBAL PMTS INC37940X1022,050$274,0030.01%
186TESLA INCTSLA1,539$270,5440.01%
187SALESFORCE INCCRM881$265,3400.01%
188COINBASE GLOBAL INCCOIN1,000$265,1200.01%
189TECK RESOURCES LTDTCKRF5,700$260,9460.01%
190VANGUARD INDEX FDS9229087441,568$255,3650.01%
191WHIRLPOOL CORPWHR-PA2,100$251,2230.01%
192FIRSTENERGY CORPFE6,458$249,4220.01%
193CONSTELLATION BRANDS INCSTZ917$249,2510.01%
194OREILLY AUTOMOTIVE INC67103H107220$248,3540.01%
195COMCAST CORP NEWCCZ5,675$246,0120.01%
196AMGEN INCAMGN851$242,0080.01%
197KINDER MORGAN INC DELEP-PC12,907$236,7240.01%
198XCEL ENERGY INCXELLL4,400$236,5000.01%
199FORD MTR CO DEL34537086017,754$235,7750.01%
200EDWARDS LIFESCIENCES CORPEW2,453$234,4090.01%
201ARCHER DANIELS MIDLAND COADM3,644$228,8640.01%
202INTERNATIONAL PAPER CO4601461035,796$226,1600.01%
203APPLIED MATLS INC0382221051,086$223,9820.01%
204AGNICO EAGLE MINES LTDAEM3,752$223,8070.01%
205THERMO FISHER SCIENTIFIC INCTMO384$223,2480.01%
206EQUIFAX INCEFX831$222,3100.01%
207GRIFFON CORPGFF3,000$220,0200.01%
208CRANE NXT COCXT3,500$216,6500.01%
209CHEMED CORP NEWCHE335$215,0470.01%
210J P MORGAN EXCHANGE TRADED F46641Q3992,227$210,2560.01%
211TRIUMPH FINANCIAL INCTFIN-P2,644$209,7230.01%
212AUTODESK INCADSK801$208,5970.01%
213VANGUARD INDEX FDS922908538881$207,7310.01%
214PATTERSON COS INC7033951037,500$207,3750.01%
215US BANCORP DELUSB-PS4,635$207,1850.01%
216LAM RESEARCH CORPLRCX213$206,5720.01%
217MORGAN STANLEYMS-PQ2,179$205,1750.01%
218HALLIBURTON COHAL5,153$203,1130.01%
219ISHARES TR464287101820$202,8770.01%
220SHELL PLCRYDAF2,986$200,2010.01%
221PROASSURANCE CORPPRA11,960$153,8110.01%
222PARAMOUNT GLOBAL92556H20612,102$142,4410.01%
223PERMIAN BASIN RTY TR71423610610,816$130,4410.01%
224RIVIAN AUTOMOTIVE INCRIVN11,116$121,7210.01%
225WRAP TECHNOLOGIES INCWRAP51,253$115,8320.01%
226LEXARIA BIOSCIENCE CORPLEXX24,000$87,1200.00%
227BITFARMS LTDBITF32,740$73,0110.00%
228SAFE BULKERS INCSB-PC13,000$64,4800.00%
229MEDICAL PPTYS TRUST INC58463J30412,598$59,2110.00%
230BP PRUDHOE BAY RTY TRBPPFF21,059$50,9630.00%
231GRAFTECH INTL LTD38431350834,243$47,2560.00%
232AMBEV SAABEV17,795$44,1320.00%
233ARGO BLOCKCHAIN PLCARBK12,309$26,7110.00%
234WESTWATER RES INCWWR22,954$11,2480.00%