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Institutional Investment Manager
Welch Group, LLC
Welch Group, LLC (CIK: 0001443095) incorporated in Alabama, located at 3940 Montclair Road, Fifth Floor, Birmingham, AL. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Original 13F HR (0001443095-15-000001) filed in 2015.01.20
#
Name
Shares
Value ($)
%
Options
Notes
1 ZIOPHARM ONCOLOGY INC 23,752 120 0.02%
2 YUM BRANDS INC 5,595 408 0.08%
3 XPO LOGISTICS INC 2,800 114 0.02%
4 XCEL ENERGY INC 8,463 304 0.06%
5 WELLS FARGO & CO NEW 15,357 842 0.16%
6 WALGREENS BOOTS ALLIANCE INC 7,950 606 0.12%
7 WAL-MART STORES INC 3,782 325 0.06%
8 WADDELL & REED FINL INC 4,895 244 0.05%
9 VULCAN MATLS CO 50,584 3,325 0.64%
10 VISA INC 905 237 0.05%
11 VERIZON COMMUNICATIONS INC 299,950 14,032 2.71%
12 V F CORP 3,795 284 0.05%
13 US BANCORP DEL 5,361 241 0.05%
14 UNITED TECHNOLOGIES CORP 132,302 15,215 2.93%
15 UNION PAC CORP 1,163 139 0.03%
16 UNILEVER PLC 271,812 11,003 2.12%
17 UNILEVER N V 58,259 2,274 0.44%
18 TUPPERWARE BRANDS CORP 2,510 158 0.03%
19 TORCHMARK CORP COM 42,091 2,280 0.44%
20 TJX COS INC NEW 3,106 213 0.04%
21 TIFFANY & CO NEW 1,460 156 0.03%
22 ServisFirst Bancshares Inc 122,557 4,038 0.78%
23 SYNOVUS FINL CORP 34,848 944 0.18%
24 SUNTRUST BKS INC 2,577 108 0.02%
25 STRYKER CORP 4,091 386 0.07%
26 SOUTHERN CO 340,994 16,746 3.23%
27 SHIRE PLC 992 211 0.04%
28 SHERWIN WILLIAMS CO 615 162 0.03%
29 SEMPRA ENERGY 1,201 134 0.03%
30 SCHLUMBERGER LTD 7,128 609 0.12%
31 SCANA 13,936 842 0.16%
32 ROYAL DUTCH SHELL PLC 118,881 7,959 1.54%
33 ROYAL DUTCH SHELL PLC 70,664 4,915 0.95%
34 ROYAL BK CDA MONTREAL QUE 6,739 465 0.09%
35 ROSS STORES INC 2,422 228 0.04%
36 REGIONS FINANCIAL CORP NEW 77,103 814 0.16%
37 QUALCOMM INC 2,510 187 0.04%
38 PROTECTIVE LIFE CO 12,376 862 0.17%
39 PROCTER AND GAMBLE CO 172,936 15,753 3.04%
40 PROASSURANCE CORP COM 26,633 1,202 0.23%
41 PPG INDS INC 2,421 560 0.11%
42 POWERSHARES QQQ TRUST 22,562 2,330 0.45%
43 POWERSHARES ETF TRUST 3,832 386 0.07%
44 POWERSHARES ETF TRUST 11,099 1,015 0.20%
45 POWERSHARES ETF TR II 17,037 317 0.06%
46 PIMCO ETF TR 42,201 4,265 0.82%
47 PHILIP MORRIS INTL INC 17,286 1,408 0.27%
48 PFIZER INC 7,076 220 0.04%
49 PEPSICO INC 164,048 15,512 2.99%
50 PAYCHEX INC 324,449 14,980 2.89%
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