0001443095-23-000004.txt : 20230718 0001443095-23-000004.hdr.sgml : 20230718 20230718162037 ACCESSION NUMBER: 0001443095-23-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230718 DATE AS OF CHANGE: 20230718 EFFECTIVENESS DATE: 20230718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Welch Group, LLC CENTRAL INDEX KEY: 0001443095 IRS NUMBER: 631231262 STATE OF INCORPORATION: AL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-13195 FILM NUMBER: 231094486 BUSINESS ADDRESS: STREET 1: 3940 MONTCLAIR ROAD, FIFTH FLOOR CITY: BIRMINGHAM STATE: AL ZIP: 35213 BUSINESS PHONE: 205-879-5001 MAIL ADDRESS: STREET 1: 3940 MONTCLAIR ROAD, FIFTH FLOOR CITY: BIRMINGHAM STATE: AL ZIP: 35213 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001443095 XXXXXXXX 06-30-2023 06-30-2023 Welch Group, LLC
3940 MONTCLAIR ROAD, FIFTH FLOOR BIRMINGHAM AL 35213
13F HOLDINGS REPORT 028-13195 000111273 801-56254 N
Brent Gillis Chief Compliance Officer 205-879-5001 Brent Gillis Birmingham AL 07-18-2023 0 217 1744410375 false
INFORMATION TABLE 2 welch2q23.xml ABBOTT LABS Common 002824100 5887713 54006 SH SOLE 0 0 54006 ABBVIE INC Common 00287Y109 48944964 363282 SH SOLE 0 0 363282 ACCENTURE PLC IRELAND Common G1151C101 4565750 14796 SH SOLE 0 0 14796 ADVANCED MICRO DEVICES INC Common 007903107 4607774 40451 SH SOLE 0 0 40451 AFLAC INC Common 001055102 2362575 33848 SH SOLE 0 0 33848 AIR PRODS & CHEMS INC Common 009158106 305521 1020 SH SOLE 0 0 1020 ALAUNOS THERAPEUTICS INC Common 98973P101 21930 43000 SH SOLE 0 0 43000 ALPHABET INC Common 02079K107 1447127 11963 SH SOLE 0 0 11963 ALPHABET INC Common 02079K305 6248634 52202 SH SOLE 0 0 52202 ALTRIA GROUP INC Common 02209S103 1756084 38766 SH SOLE 0 0 38766 AMAZON COM INC Common 023135106 7364203 56491 SH SOLE 0 0 56491 AMBEV SA Common 02319V103 47115 14816 SH SOLE 0 0 14816 AMERICAN ELEC PWR CO INC Common 025537101 532157 6320 SH SOLE 0 0 6320 AMERICAN EXPRESS CO Common 025816109 2165306 12430 SH SOLE 0 0 12430 AON PLC Common G0403H108 1819895 5272 SH SOLE 0 0 5272 APPLE INC Common 037833100 72982515 376257 SH SOLE 0 0 376257 ARCHER DANIELS MIDLAND CO Common 039483102 271421 3592 SH SOLE 0 0 3592 ARCOSA INC Common 039653100 227310 3000 SH SOLE 0 0 3000 ARGO BLOCKCHAIN PLC Common 040126104 19695 12309 SH SOLE 0 0 12309 AT&T INC Common 00206R102 5064658 317533 SH SOLE 0 0 317533 AUTOMATIC DATA PROCESSING IN Common 053015103 375622 1709 SH SOLE 0 0 1709 AVIDXCHANGE HOLDINGS INC Common 05368X102 416436 40119 SH SOLE 0 0 40119 BANCO BILBAO VIZCAYA ARGENTA Common 05946K101 663176 86351 SH SOLE 0 0 86351 BANK AMERICA CORP Common 060505104 879591 30658 SH SOLE 0 0 30658 BITFARMS LTD Common 09173B107 48128 32740 SH SOLE 0 0 32740 BLACKROCK INC Common 09247X101 423008 612 SH SOLE 0 0 612 BLACKSTONE INC Common 09260D107 4805189 51685 SH SOLE 0 0 51685 BOEING CO Common 097023105 437444 2072 SH SOLE 0 0 2072 BP PRUDHOE BAY RTY TR Common 055630107 75344 16559 SH SOLE 0 0 16559 BRISTOL-MYERS SQUIBB CO Common 110122108 5379241 84116 SH SOLE 0 0 84116 CAPITAL ONE FINL CORP Common 14040H105 254504 2327 SH SOLE 0 0 2327 CATERPILLAR INC Common 149123101 8518569 34621 SH SOLE 0 0 34621 CHEVRON CORP NEW Common 166764100 54583049 346889 SH SOLE 0 0 346889 CHUBB LIMITED Common H1467J104 493917 2565 SH SOLE 0 0 2565 CINCINNATI FINL CORP Common 172062101 38486271 395461 SH SOLE 0 0 395461 CISCO SYS INC Common 17275R102 5629636 108806 SH SOLE 0 0 108806 CLOROX CO DEL Common 189054109 353864 2225 SH SOLE 0 0 2225 CNH INDL N V Common N20944109 266400 18500 SH SOLE 0 0 18500 COCA COLA CO Common 191216100 13010629 216052 SH SOLE 0 0 216052 COLGATE PALMOLIVE CO Common 194162103 46728860 606553 SH SOLE 0 0 606553 COMCAST CORP NEW Common 20030N101 225825 5435 SH SOLE 0 0 5435 CONOCOPHILLIPS Common 20825C104 942230 9094 SH SOLE 0 0 9094 CONSOLIDATED EDISON INC Common 209115104 41570492 459851 SH SOLE 0 0 459851 CONSTELLATION BRANDS INC Common 21036P108 225744 917 SH SOLE 0 0 917 COSTCO WHSL CORP NEW Common 22160K105 1026691 1907 SH SOLE 0 0 1907 CRANE COMPANY Common 224408104 401040 4500 SH SOLE 0 0 4500 CRANE NXT CO Common 224441105 253980 4500 SH SOLE 0 0 4500 CRESCENT ENERGY COMPANY Common 44952J104 555095 53272 SH SOLE 0 0 53272 CVS HEALTH CORP Common 126650100 270157 3908 SH SOLE 0 0 3908 DEERE & CO Common 244199105 7078823 17470 SH SOLE 0 0 17470 DELTA AIR LINES INC DEL Common 247361702 208321 4382 SH SOLE 0 0 4382 DEVON ENERGY CORP NEW Common 25179M103 489688 10130 SH SOLE 0 0 10130 DIAGEO PLC Common 25243Q205 763312 4400 SH SOLE 0 0 4400 DIAMONDBACK ENERGY INC Common 25278X109 418669 3187 SH SOLE 0 0 3187 DISNEY WALT CO Common 254687106 4132625 46288 SH SOLE 0 0 46288 DOLLAR GEN CORP NEW Common 256677105 3529882 20791 SH SOLE 0 0 20791 DOMINION ENERGY INC Common 25746U109 537632 10381 SH SOLE 0 0 10381 DOW INC Common 260557103 563091 10572 SH SOLE 0 0 10572 DUKE ENERGY CORP NEW Common 26441C204 985837 10985 SH SOLE 0 0 10985 EATON CORP PLC Common G29183103 515018 2561 SH SOLE 0 0 2561 EDWARDS LIFESCIENCES CORP Common 28176E108 231392 2453 SH SOLE 0 0 2453 EMERSON ELEC CO Common 291011104 44535222 492701 SH SOLE 0 0 492701 ENPRO INDS INC Common 29355X107 200295 1500 SH SOLE 0 0 1500 ENTERGY CORP NEW Common 29364G103 323658 3324 SH SOLE 0 0 3324 ENTERPRISE PRODS PARTNERS L Common 293792107 265841 10089 SH SOLE 0 0 10089 EXXON MOBIL CORP Common 30231G102 54389108 507125 SH SOLE 0 0 507125 FIRSTENERGY CORP Common 337932107 217862 5603 SH SOLE 0 0 5603 FORD MTR CO DEL Common 345370860 420961 27823 SH SOLE 0 0 27823 FORTUNE BRANDS INNOVATIONS I Common 34964C106 296506 4121 SH SOLE 0 0 4121 GALLAGHER ARTHUR J & CO Common 363576109 59212231 269674 SH SOLE 0 0 269674 GATX CORP Common 361448103 258948 2011 SH SOLE 0 0 2011 GENERAL DYNAMICS CORP Common 369550108 325307 1512 SH SOLE 0 0 1512 GENERAL MLS INC Common 370334104 44831602 584506 SH SOLE 0 0 584506 GENUINE PARTS CO Common 372460105 1379423 8151 SH SOLE 0 0 8151 GILEAD SCIENCES INC Common 375558103 257800 3345 SH SOLE 0 0 3345 GLOBAL PMTS INC Common 37940X102 213198 2164 SH SOLE 0 0 2164 GLOBE LIFE INC Common 37959E102 5158041 47054 SH SOLE 0 0 47054 GOLDMAN SACHS GROUP INC Common 38141G104 4271265 13243 SH SOLE 0 0 13243 GRACO INC Common 384109104 1847113 21391 SH SOLE 0 0 21391 GRAFTECH INTL LTD Common 384313508 80640 16000 SH SOLE 0 0 16000 GT BIOPHARMA INC Common 36254L209 3120 10000 SH SOLE 0 0 10000 HERC HLDGS INC Common 42704L104 273700 2000 SH SOLE 0 0 2000 HOME DEPOT INC Common 437076102 52556784 169189 SH SOLE 0 0 169189 HONEYWELL INTL INC Common 438516106 587640 2832 SH SOLE 0 0 2832 IDACORP INC Common 451107106 375106 3656 SH SOLE 0 0 3656 IDEX CORP Common 45167R104 430520 2000 SH SOLE 0 0 2000 INTEL CORP Common 458140100 956325 28598 SH SOLE 0 0 28598 INTERNATIONAL BUSINESS MACHS Common 459200101 45816435 342399 SH SOLE 0 0 342399 INVESCO EXCH TRADED FD TR II Common 46138E735 208763 6778 SH SOLE 0 0 6778 INVESCO EXCH TRADED FD TR II Common 46138E727 237400 12736 SH SOLE 0 0 12736 INVESCO EXCHANGE TRADED FD T Common 46137V613 488496 2985 SH SOLE 0 0 2985 INVESCO QQQ TR Common 46090E103 726280 1966 SH SOLE 0 0 1966 IRON MTN INC DEL Common 46284V101 257452 4531 SH SOLE 0 0 4531 ISHARES SILVER TR Common 46428Q109 371905 17803 SH SOLE 0 0 17803 ISHARES TR Common 464287168 367489 3244 SH SOLE 0 0 3244 ISHARES TR Common 464288810 374330 6630 SH SOLE 0 0 6630 ISHARES TR Common 464287507 377316 1443 SH SOLE 0 0 1443 ISHARES TR Common 464287804 435716 4372 SH SOLE 0 0 4372 ISHARES TR Common 464287309 489202 6941 SH SOLE 0 0 6941 ISHARES TR Common 464287200 8038948 18036 SH SOLE 0 0 18036 J P MORGAN EXCHANGE TRADED F Common 46641Q399 217336 2727 SH SOLE 0 0 2727 JOHNSON & JOHNSON Common 478160104 49891409 301422 SH SOLE 0 0 301422 JPMORGAN CHASE & CO Common 46625H100 48022301 330186 SH SOLE 0 0 330186 KELLOGG CO Common 487836108 264598 3926 SH SOLE 0 0 3926 KIMBERLY-CLARK CORP Common 494368103 43347401 313975 SH SOLE 0 0 313975 KINDER MORGAN INC DEL Common 49456B101 212420 12336 SH SOLE 0 0 12336 KRAFT HEINZ CO Common 500754106 516632 14553 SH SOLE 0 0 14553 LILLY ELI & CO Common 532457108 2564852 5469 SH SOLE 0 0 5469 LOCKHEED MARTIN CORP Common 539830109 50002350 108611 SH SOLE 0 0 108611 LOWES COS INC Common 548661107 266552 1181 SH SOLE 0 0 1181 LUMEN TECHNOLOGIES INC Common 550241103 63506 28100 SH SOLE 0 0 28100 MARATHON PETE CORP Common 56585A102 264799 2271 SH SOLE 0 0 2271 MARTIN MARIETTA MATLS INC Common 573284106 588194 1274 SH SOLE 0 0 1274 MASTERCARD INCORPORATED Common 57636Q104 4817871 12250 SH SOLE 0 0 12250 MCDONALDS CORP Common 580135101 55124541 184728 SH SOLE 0 0 184728 MEDICAL PPTYS TRUST INC Common 58463J304 339258 36637 SH SOLE 0 0 36637 MERCK & CO INC Common 58933Y105 3466849 30045 SH SOLE 0 0 30045 META PLATFORMS INC Common 30303M102 520008 1812 SH SOLE 0 0 1812 MICROCHIP TECHNOLOGY INC. Common 595017104 297708 3323 SH SOLE 0 0 3323 MICRON TECHNOLOGY INC Common 595112103 270134 4280 SH SOLE 0 0 4280 MICROSOFT CORP Common 594918104 77921055 228816 SH SOLE 0 0 228816 MONDELEZ INTL INC Common 609207105 990859 13585 SH SOLE 0 0 13585 MORGAN STANLEY Common 617446448 221016 2588 SH SOLE 0 0 2588 MUELLER INDS INC Common 624756102 458220 5250 SH SOLE 0 0 5250 NASDAQ INC Common 631103108 246608 4947 SH SOLE 0 0 4947 NEXTERA ENERGY INC Common 65339F101 47360157 638277 SH SOLE 0 0 638277 NORFOLK SOUTHN CORP Common 655844108 408849 1803 SH SOLE 0 0 1803 NORTHERN DYNASTY MINERALS LT Common 66510M204 2400 10000 SH SOLE 0 0 10000 NORTHROP GRUMMAN CORP Common 666807102 1271227 2789 SH SOLE 0 0 2789 NOVARTIS AG Common 66987V109 1190032 11793 SH SOLE 0 0 11793 NUCOR CORP Common 670346105 376137 2294 SH SOLE 0 0 2294 NVIDIA CORPORATION Common 67066G104 10399258 24583 SH SOLE 0 0 24583 ONEOK INC NEW Common 682680103 529558 8580 SH SOLE 0 0 8580 ORACLE CORP Common 68389X105 6499516 54576 SH SOLE 0 0 54576 PACCAR INC Common 693718108 460494 5505 SH SOLE 0 0 5505 PACER FDS TR Common 69374H105 931109 22545 SH SOLE 0 0 22545 PAYCHEX INC Common 704326107 43781685 391362 SH SOLE 0 0 391362 PEPSICO INC Common 713448108 52230391 281991 SH SOLE 0 0 281991 PERMIAN BASIN RTY TR Common 714236106 269752 10816 SH SOLE 0 0 10816 PFIZER INC Common 717081103 34817342 949219 SH SOLE 0 0 949219 PHILIP MORRIS INTL INC Common 718172109 1991267 20398 SH SOLE 0 0 20398 PHILLIPS 66 Common 718546104 358244 3756 SH SOLE 0 0 3756 PNC FINL SVCS GROUP INC Common 693475105 355935 2826 SH SOLE 0 0 2826 PPG INDS INC Common 693506107 321663 2169 SH SOLE 0 0 2169 PROASSURANCE CORP Common 74267C106 197293 13074 SH SOLE 0 0 13074 PROCTER AND GAMBLE CO Common 742718109 48181420 317526 SH SOLE 0 0 317526 QUALCOMM INC Common 747525103 41862574 351668 SH SOLE 0 0 351668 RAYTHEON TECHNOLOGIES CORP Common 75513E101 48333895 493404 SH SOLE 0 0 493404 REAVES UTIL INCOME FD Common 756158101 539023 19658 SH SOLE 0 0 19658 REGIONS FINANCIAL CORP NEW Common 7591EP100 2136418 119889 SH SOLE 0 0 119889 RENAISSANCERE HLDGS LTD Common G7496G103 270454 1450 SH SOLE 0 0 1450 REPUBLIC SVCS INC Common 760759100 878430 5735 SH SOLE 0 0 5735 RIVIAN AUTOMOTIVE INC Common 76954A103 187126 11232 SH SOLE 0 0 11232 ROYAL BK CDA Common 780087102 610309 6390 SH SOLE 0 0 6390 RYMAN HOSPITALITY PPTYS INC Common 78377T107 255530 2750 SH SOLE 0 0 2750 SAFE BULKERS INC Common Y7388L103 32600 10000 SH SOLE 0 0 10000 SCHLUMBERGER LTD Common 806857108 240825 4903 SH SOLE 0 0 4903 SCHWAB CHARLES CORP Common 808513105 249603 4404 SH SOLE 0 0 4404 SCHWAB STRATEGIC TR Common 808524722 348491 8144 SH SOLE 0 0 8144 SCHWAB STRATEGIC TR Common 808524771 399191 6934 SH SOLE 0 0 6934 SELECT SECTOR SPDR TR Common 81369Y209 200954 1514 SH SOLE 0 0 1514 SELECT SECTOR SPDR TR Common 81369Y506 383529 4725 SH SOLE 0 0 4725 SELECT SECTOR SPDR TR Common 81369Y803 496545 2856 SH SOLE 0 0 2856 SERVISFIRST BANCSHARES INC Common 81768T108 53179589 1299599 SH SOLE 0 0 1299599 SHELL PLC Common 780259305 208087 3446 SH SOLE 0 0 3446 SHERWIN WILLIAMS CO Common 824348106 4771986 17972 SH SOLE 0 0 17972 SIMON PPTY GROUP INC NEW Common 828806109 288977 2502 SH SOLE 0 0 2502 SMUCKER J M CO Common 832696405 413922 2803 SH SOLE 0 0 2803 SONY GROUP CORPORATION Common 835699307 450200 5000 SH SOLE 0 0 5000 SOUTHERN CO Common 842587107 53481855 761308 SH SOLE 0 0 761308 SOUTHERN STS BANCSHARES INC Common 843878307 235941 11182 SH SOLE 0 0 11182 SPDR GOLD TR Common 78463V107 1061955 5957 SH SOLE 0 0 5957 SPDR S&P 500 ETF TR Common 78462F103 1292012 2915 SH SOLE 0 0 2915 SPDR SER TR Common 78468R663 565979 6164 SH SOLE 0 0 6164 STARBUCKS CORP Common 855244109 494625 4993 SH SOLE 0 0 4993 STATE STR CORP Common 857477103 307210 4198 SH SOLE 0 0 4198 STRYKER CORPORATION Common 863667101 5009993 16421 SH SOLE 0 0 16421 SYNOVUS FINL CORP Common 87161C501 2021880 66839 SH SOLE 0 0 66839 TARGET CORP Common 87612E106 4070410 30860 SH SOLE 0 0 30860 TECK RESOURCES LTD Common 878742204 239970 5700 SH SOLE 0 0 5700 TESLA INC Common 88160R101 351144 1341 SH SOLE 0 0 1341 TEXAS INSTRS INC Common 882508104 33058333 183637 SH SOLE 0 0 183637 TEXTRON INC Common 883203101 270520 4000 SH SOLE 0 0 4000 TJX COS INC NEW Common 872540109 4948561 58363 SH SOLE 0 0 58363 TRUIST FINL CORP Common 89832Q109 30533155 1006035 SH SOLE 0 0 1006035 UNILEVER PLC Common 904767704 41942813 804581 SH SOLE 0 0 804581 UNION PAC CORP Common 907818108 327597 1601 SH SOLE 0 0 1601 UNITED CMNTY BKS BLAIRSVLE G Common 90984P303 1109082 44381 SH SOLE 0 0 44381 UNITED INS HLDGS CORP Common 910710102 149397 33497 SH SOLE 0 0 33497 UNITED PARCEL SERVICE INC Common 911312106 203987 1138 SH SOLE 0 0 1138 UNITED RENTALS INC Common 911363109 425774 956 SH SOLE 0 0 956 VANECK ETF TRUST Common 92189F676 355200 2333 SH SOLE 0 0 2333 VANGUARD INDEX FDS Common 922908736 210240 743 SH SOLE 0 0 743 VANGUARD INDEX FDS Common 922908769 422687 1919 SH SOLE 0 0 1919 VANGUARD INDEX FDS Common 922908629 629330 2859 SH SOLE 0 0 2859 VANGUARD INDEX FDS Common 922908363 8309746 20403 SH SOLE 0 0 20403 VANGUARD SCOTTSDALE FDS Common 92206C730 906013 4495 SH SOLE 0 0 4495 VANGUARD SPECIALIZED FUNDS Common 921908844 355677 2190 SH SOLE 0 0 2190 VANGUARD WHITEHALL FDS Common 921946406 607463 5727 SH SOLE 0 0 5727 VANGUARD WORLD FDS Common 92204A306 241698 2141 SH SOLE 0 0 2141 VANGUARD WORLD FDS Common 92204A702 381017 862 SH SOLE 0 0 862 VERIZON COMMUNICATIONS INC Common 92343V104 35707803 960145 SH SOLE 0 0 960145 VISA INC Common 92826C839 5596225 23565 SH SOLE 0 0 23565 VULCAN MATLS CO Common 929160109 5751840 25514 SH SOLE 0 0 25514 WALGREENS BOOTS ALLIANCE INC Common 931427108 212983 7476 SH SOLE 0 0 7476 WALMART INC Common 931142103 2227971 14175 SH SOLE 0 0 14175 WASTE MGMT INC DEL Common 94106L109 1027514 5925 SH SOLE 0 0 5925 WATTS WATER TECHNOLOGIES INC Common 942749102 404206 2200 SH SOLE 0 0 2200 WELLS FARGO CO NEW Common 949746101 577380 13528 SH SOLE 0 0 13528 WELLTOWER INC Common 95040Q104 1083926 13400 SH SOLE 0 0 13400 WESTWATER RES INC Common 961684206 18869 22954 SH SOLE 0 0 22954 WHIRLPOOL CORP Common 963320106 312459 2100 SH SOLE 0 0 2100 XCEL ENERGY INC Common 98389B100 496739 7990 SH SOLE 0 0 7990 XYLEM INC Common 98419M100 427956 3800 SH SOLE 0 0 3800 YUM BRANDS INC Common 988498101 689072 4973 SH SOLE 0 0 4973 YUM CHINA HLDGS INC Common 98850P109 223160 3950 SH SOLE 0 0 3950 ZIMMER BIOMET HOLDINGS INC Common 98956P102 307827 2114 SH SOLE 0 0 2114