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