Institutional Manager · CIK 0001631775
Godshalk Welsh Capital Management, Inc.
RADNOR, PA · File #028-16414
Latest AUM
$175.1M
Positions
132
Top-10 Concentration
42.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | Globus Medical Inc A | GMED | -10,000 | -$873,100 | +$1.5M |
| EXITED | iShares iBonds Dec 2025 Term C | 46434VBD1 | -33,350 | -$840,087 | $0 |
| ADD | iShares iBonds Dec 2029 Term C | 46436E205 | +33,450 | +$782,897 | -$4,319 |
| ADD | iShares iBonds Dec 2028 Term C | 46435U515 | +21,400 | +$544,737 | -$6,604 |
| ADD | iShares iBonds Dec 2030 Term C | 46436E726 | +23,500 | +$518,645 | -$3,048 |
| ADD | iShares iBonds Dec 2030 Term M | 46438G687 | +19,100 | +$497,746 | -$180 |
| NEW | iShares iBonds Dec 2031 Term C | 46436E486 | +19,050 | +$402,908 | $0 |
| NEW | Solstice Advanced Materials In | 83443Q103 | +7,337 | +$356,431 | $0 |
| EXITED | DuPont de Nemours Inc | 26614N102 | -4,249 | -$330,997 | $0 |
| REDUCE | Invesco Preferred | IVZ | -26,000 | -$292,240 | -$14,724 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025132 pos · $175.1M
- 13F HOLDINGS REPORTQ/E Sep 2025131 pos · $174.3M
- 13F HOLDINGS REPORTQ/E Jun 2025130 pos · $162.3M
- 13F HOLDINGS REPORTQ/E Mar 2025121 pos · $152.9M
- 13F HOLDINGS REPORTQ/E Dec 2024120 pos · $154.9M
- 13F HOLDINGS REPORTQ/E Sep 2024124 pos · $158.2M
- 13F HOLDINGS REPORTQ/E Jun 2024119 pos · $150.0M
- 13F HOLDINGS REPORTQ/E Mar 2024121 pos · $148.8M
- 13F HOLDINGS REPORTQ/E Dec 2023114 pos · $132.5M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Microsoft Corporation | MSFT | 20,075 | $9.7M | 7.37% |
| 2 | Apple Inc | AAPL | 32,667 | $8.9M | 6.74% |
| 3 | Oracle Corp | ORCL-PD | 29,710 | $5.8M | 4.39% |
| 4 | Alphabet Inc Cl A | GOOG | 18,015 | $5.6M | 4.28% |
| 5 | Intuit Inc | INTU | 7,425 | $4.9M | 3.73% |
| 6 | Costco Wholesale Corp | 22160K105 | 5,676 | $4.9M | 3.71% |
| 7 | Berkshire Hathaway Inc Cl B | BRK-A | 9,558 | $4.8M | 3.64% |
| 8 | American Express | AXP | 10,795 | $4.0M | 3.03% |
| 9 | Alphabet Inc Cl C | GOOG | 11,340 | $3.6M | 2.70% |
| 10 | Globus Medical Inc A | GMED | 40,000 | $3.5M | 2.65% |
| 11 | WR Berkley Corp | WRB-PH | 45,270 | $3.2M | 2.41% |
| 12 | iShares Russell 2000 Index | 464287655 | 12,747 | $3.1M | 2.38% |
| 13 | iShares iBonds Dec 2028 Term C | 46435U515 | 123,000 | $3.1M | 2.38% |
| 14 | JP Morgan Chase & Co | VYLD | 9,580 | $3.1M | 2.34% |
| 15 | Cisco Systems Inc | CSCO | 37,320 | $2.9M | 2.18% |
| 16 | Invesco S&P 500 Eq Wt | IVZ | 14,588 | $2.8M | 2.12% |
| 17 | iShares iBonds Dec 2027 Term C | 46435UAA9 | 111,625 | $2.7M | 2.06% |
| 18 | Johnson & Johnson | JNJ | 12,041 | $2.5M | 1.89% |
| 19 | iShares Core MSCI EAFE | 46432F842 | 27,765 | $2.5M | 1.88% |
| 20 | Bank of America Corp | 060505104 | 44,320 | $2.4M | 1.85% |