13F HOLDINGS REPORT
Godshalk Welsh Capital Management, Inc.
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001631775-25-000003
Total Value
$162.3M
Positions
130
Other Managers
0
Confidential Omitted
No
Holdings (130)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 20,570 | $10.2M | 6.30% |
| 2 | Apple Inc | AAPL | 33,392 | $6.9M | 4.22% |
| 3 | Oracle Corp | ORCL-PD | 30,270 | $6.6M | 4.08% |
| 4 | Intuit Inc | INTU | 7,515 | $5.9M | 3.65% |
| 5 | Costco Wholesale Corp | 22160K105 | 5,813 | $5.8M | 3.55% |
| 6 | Berkshire Hathaway Inc Cl B | BRK-A | 9,733 | $4.7M | 2.91% |
| 7 | American Express | AXP | 11,245 | $3.6M | 2.21% |
| 8 | WR Berkley Corp | WRB-PH | 46,094 | $3.4M | 2.09% |
| 9 | Alphabet Inc Cl A | GOOG | 18,460 | $3.3M | 2.00% |
| 10 | Globus Medical Inc A | GMED | 50,000 | $3.0M | 1.82% |
| 11 | JP Morgan Chase & Co | VYLD | 9,905 | $2.9M | 1.77% |
| 12 | iShares Russell 2000 Index | 464287655 | 12,762 | $2.8M | 1.70% |
| 13 | Cisco Systems Inc | CSCO | 37,470 | $2.6M | 1.60% |
| 14 | Invesco S&P 500 Eq Wt | IVZ | 13,946 | $2.5M | 1.56% |
| 15 | Paychex Inc | PAYX | 17,380 | $2.5M | 1.56% |
| 16 | Automatic Data Processing | ADP | 8,010 | $2.5M | 1.52% |
| 17 | Procter & Gamble | 742718109 | 14,435 | $2.3M | 1.42% |
| 18 | iShares Core MSCI EAFE | 46432F842 | 27,339 | $2.3M | 1.41% |
| 19 | Bank of America Corp | 060505104 | 45,320 | $2.1M | 1.32% |
| 20 | Home Depot Inc | HD | 5,669 | $2.1M | 1.28% |
| 21 | iShares iBonds Dec 2027 Term C | 46435UAA9 | 85,500 | $2.1M | 1.28% |
| 22 | Alphabet Inc Cl C | GOOG | 11,340 | $2.0M | 1.24% |
| 23 | Waste Management Inc | 94106L109 | 8,790 | $2.0M | 1.24% |
| 24 | iShares iBonds Dec 2028 Term C | 46435U515 | 73,750 | $1.9M | 1.15% |
| 25 | Johnson & Johnson | JNJ | 12,106 | $1.8M | 1.14% |
| 26 | Fidelity High Dividend | 316092840 | 33,390 | $1.7M | 1.07% |
| 27 | Sysco Corporation | SYY | 22,690 | $1.7M | 1.06% |
| 28 | Lowes Companies Inc | 548661107 | 7,665 | $1.7M | 1.05% |
| 29 | iShares iBonds Dec 2026 Term C | 46435GAA0 | 64,700 | $1.6M | 0.97% |
| 30 | TJX Companies Inc | 872540109 | 12,675 | $1.6M | 0.96% |
| 31 | Blackstone Group Inc | BX | 10,095 | $1.5M | 0.93% |
| 32 | Chevron Corp | CVX | 10,375 | $1.5M | 0.92% |
| 33 | iShares Short Term Nat Muni Bd | 464288158 | 13,625 | $1.4M | 0.89% |
| 34 | T Rowe Price Capital Apprec Eq | 87283Q867 | 40,475 | $1.4M | 0.88% |
| 35 | Ecolab Inc | ECL | 5,120 | $1.4M | 0.85% |
| 36 | Vanguard Div Appreciation | 921908844 | 6,622 | $1.4M | 0.83% |
| 37 | Visa Inc | V | 3,750 | $1.3M | 0.82% |
| 38 | American Tower Corp | 03027X100 | 5,935 | $1.3M | 0.81% |
| 39 | Zoetis Inc | ZTS | 8,110 | $1.3M | 0.78% |
| 40 | Walmart Inc | WMT | 12,645 | $1.2M | 0.76% |
| 41 | Starbucks Corp | SBUX | 13,450 | $1.2M | 0.76% |
| 42 | McDonalds Corp | MCD | 4,140 | $1.2M | 0.75% |
| 43 | RTX Corp | RTX | 8,221 | $1.2M | 0.74% |
| 44 | iShares National Muni | 464288414 | 11,275 | $1.2M | 0.73% |
| 45 | SPDR S&P 500 | SPY | 1,875 | $1.2M | 0.71% |
| 46 | Pepsico Inc | PEP | 8,740 | $1.2M | 0.71% |
| 47 | Nestle SA ADR | 641069406 | 11,300 | $1.1M | 0.69% |
| 48 | Uber Technologies Inc | UBER | 11,615 | $1.1M | 0.67% |
| 49 | iShares iBonds Dec 2029 Term C | 46436E205 | 45,900 | $1.1M | 0.66% |
| 50 | Becton Dickinson & Co | BDX | 6,185 | $1.1M | 0.66% |
| 51 | Merck & Co | MRK | 13,005 | $1.0M | 0.63% |
| 52 | AbbVie Inc | ABBV | 5,306 | $984,900 | 0.61% |
| 53 | Valero Energy Corp | VLO | 7,325 | $984,627 | 0.61% |
| 54 | YUM! Brands Inc | YUM | 6,495 | $962,429 | 0.59% |
| 55 | RPM International | 749685103 | 8,555 | $939,681 | 0.58% |
| 56 | Cigna Corp | CI | 2,755 | $910,748 | 0.56% |
| 57 | Taiwan Semiconductor Mfg ADR | 874039100 | 3,930 | $890,106 | 0.55% |
| 58 | iShares Russell Top 200 Growth | 464289438 | 3,610 | $889,901 | 0.55% |
| 59 | Mondelez Intl Inc Cl A | 609207105 | 13,125 | $885,150 | 0.55% |
| 60 | L3Harris Technologies Inc | LHX | 3,440 | $862,890 | 0.53% |
| 61 | Essential Utilities Inc | 29670G102 | 22,961 | $852,772 | 0.53% |
| 62 | Phillips 66 | PSX | 7,125 | $850,013 | 0.52% |
| 63 | IdaCorp Incorporated | IDA | 7,336 | $846,941 | 0.52% |
| 64 | CSX Corp | CSX | 25,890 | $844,791 | 0.52% |
| 65 | iShares Core Moderate Allocati | 464289875 | 17,821 | $820,471 | 0.51% |
| 66 | ConocoPhillips | COP | 8,680 | $778,943 | 0.48% |
| 67 | iShares iBonds Dec 2025 Term C | 46434VBD1 | 30,900 | $778,062 | 0.48% |
| 68 | NextEra Energy Inc | NEE-PW | 10,700 | $742,794 | 0.46% |
| 69 | Invesco QQQ Trust | IVZ | 1,285 | $708,857 | 0.44% |
| 70 | iShares iBonds Dec 2027 Term M | 46435U283 | 27,750 | $703,463 | 0.43% |
| 71 | Corning Inc | GLW | 13,250 | $696,818 | 0.43% |
| 72 | Vanguard REIT | 922908553 | 7,485 | $666,614 | 0.41% |
| 73 | iShares iBonds Dec 2028 Term M | 46435U325 | 25,750 | $654,308 | 0.40% |
| 74 | Honeywell International Inc | 438516106 | 2,795 | $650,900 | 0.40% |
| 75 | Waste Connections Inc | WCN | 3,485 | $650,719 | 0.40% |
| 76 | iShares Core S&P US Growth | 464287671 | 4,315 | $648,976 | 0.40% |
| 77 | UnitedHealth Group Inc | UNH | 2,045 | $637,979 | 0.39% |
| 78 | SPDR Portfolio High Yield Bond | 78468R606 | 26,750 | $636,650 | 0.39% |
| 79 | Target Corporation | TGT | 6,405 | $631,853 | 0.39% |
| 80 | Colgate-Palmolive Co | CL | 6,875 | $624,938 | 0.38% |
| 81 | iShares iBonds Dec 2026 Term M | 46435U259 | 24,000 | $614,952 | 0.38% |
| 82 | Quest Diagnostics Inc | DGX | 3,300 | $592,779 | 0.37% |
| 83 | iShares Core Growth Allocation | 464289867 | 9,393 | $578,300 | 0.36% |
| 84 | 3M Co | MMM | 3,760 | $572,422 | 0.35% |
| 85 | Mastercard Inc | MA | 960 | $539,462 | 0.33% |
| 86 | Lockheed Martin Corp | LMT | 1,100 | $509,454 | 0.31% |
| 87 | United Parcel Service Inc | UPS | 4,920 | $496,625 | 0.31% |
| 88 | iShares MSCI EmergMkt Min Vol | 464286533 | 7,800 | $489,840 | 0.30% |
| 89 | Adobe Systems Inc | ADBE | 1,235 | $477,797 | 0.29% |
| 90 | Invesco Preferred | IVZ | 40,900 | $455,217 | 0.28% |
| 91 | Cava Group Inc | CAVA | 5,375 | $452,736 | 0.28% |
| 92 | American Water Works Inc | 030420103 | 3,225 | $448,630 | 0.28% |
| 93 | MetLife Inc | MET-PF | 5,500 | $442,310 | 0.27% |
| 94 | Abbott Laboratories | ABLZF | 3,150 | $428,432 | 0.26% |
| 95 | Republic Services Inc | 760759100 | 1,700 | $419,237 | 0.26% |
| 96 | Consolidated Edison Inc | ED | 4,175 | $418,961 | 0.26% |
| 97 | Labcorp Hldgs Inc. | 50540R409 | 1,570 | $412,141 | 0.25% |
| 98 | DuPont de Nemours Inc | DD | 5,799 | $397,753 | 0.25% |
| 99 | Vanguard Short Term Bond Index | 921937827 | 4,653 | $366,154 | 0.23% |
| 100 | iShares MSCI EAFE Index | 464287465 | 4,000 | $357,560 | 0.22% |
| 101 | Vgd Consumer Discretionary | 92204A108 | 960 | $347,827 | 0.21% |
| 102 | Amgen Inc | AMGN | 1,235 | $344,824 | 0.21% |
| 103 | eBay Inc | EBAY | 4,300 | $320,178 | 0.20% |
| 104 | Masco Corp | MAS | 4,900 | $315,364 | 0.19% |
| 105 | Vanguard Total Stock Mkt | 922908769 | 1,006 | $305,657 | 0.19% |
| 106 | Union Pacific Corp | UNP | 1,300 | $299,104 | 0.18% |
| 107 | IBM Corp | INTR | 1,000 | $294,780 | 0.18% |
| 108 | Clorox Company | CLX | 2,425 | $291,170 | 0.18% |
| 109 | WideOpenWest Inc | 96758W101 | 70,900 | $287,854 | 0.18% |
| 110 | Vanguard Info Technology | 92204A702 | 430 | $285,210 | 0.18% |
| 111 | Vgd Int Term Bond Index Fund | 921937819 | 3,669 | $283,784 | 0.17% |
| 112 | Comcast Corp Class A | CCZ | 7,884 | $281,380 | 0.17% |
| 113 | Coca-Cola Company | KO | 3,900 | $275,925 | 0.17% |
| 114 | Exxon Mobil Corp | XOM | 2,425 | $261,415 | 0.16% |
| 115 | iShares iBonds Dec 2030 Term C | 46436E726 | 11,750 | $258,265 | 0.16% |
| 116 | Airbnb Inc | ABNB | 1,925 | $254,755 | 0.16% |
| 117 | Elevance Health | ELV | 650 | $252,824 | 0.16% |
| 118 | Simon Property Group | 828806109 | 1,525 | $245,159 | 0.15% |
| 119 | Corteva Inc | CTVA | 3,252 | $242,372 | 0.15% |
| 120 | iShares iBonds Dec 2029 Term M | 46436E163 | 9,500 | $239,685 | 0.15% |
| 121 | Stantec Inc | STN | 2,200 | $239,096 | 0.15% |
| 122 | Applied Materials Inc | NOKBF | 1,290 | $236,160 | 0.15% |
| 123 | Carrier Global Corp | CARR | 3,175 | $232,378 | 0.14% |
| 124 | Southern Company | SOMN | 2,500 | $229,575 | 0.14% |
| 125 | iShares iBonds Dec 2025 Term M | 46435U432 | 8,500 | $227,490 | 0.14% |
| 126 | Schwab US Small Cap | 808524607 | 8,800 | $222,640 | 0.14% |
| 127 | Chubb Limited | CB | 740 | $214,393 | 0.13% |
| 128 | BHP Billiton Ltd ADR | BHPLF | 4,300 | $206,787 | 0.13% |
| 129 | Hilton Worldwide Hldgs | HLT | 775 | $206,414 | 0.13% |
| 130 | Markel Corp | MKL | 103 | $205,728 | 0.13% |