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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 (2016Q2)
Portfolio Summary: 124 holdings with a total value of $491,048,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 EXXON MOBIL CORP 183,759 17,226,000 3.51% SH
2 CINCINNATI FIN 226,875 16,991,000 3.46% SH
3 AT&T INC 384,861 16,630,000 3.39% SH
4 LOCKHEED MARTIN CORP 66,858 16,592,000 3.38% SH
5 GENERAL MLS INC 227,040 16,193,000 3.30% SH
6 NEXTERA ENERGY INC 123,412 16,092,000 3.28% SH
7 CONSOLIDATED EDISON INC 198,490 15,967,000 3.25% SH
8 SOUTHERN CO 294,800 15,810,000 3.22% SH
9 JOHNSON & JOHNSON 129,820 15,747,000 3.21% SH
10 PAYCHEX INC 264,131 15,716,000 3.20% SH
11 VERIZON COMMUNICATIONS INC 280,460 15,661,000 3.19% SH
12 LEGGETT &PLATT INC 298,754 15,269,000 3.11% SH
13 KIMBERLY CLARK CORP 110,696 15,218,000 3.10% SH
14 HOME DEPOT INC 117,803 15,042,000 3.06% SH
15 PEPSICO INC 141,984 15,042,000 3.06% SH
16 CHEVRON CORP NEW 143,266 15,019,000 3.06% SH
17 3M CO 85,557 14,983,000 3.05% SH
18 MCDONALDS CORP 119,724 14,408,000 2.93% SH
19 COLGATE PALMOLIVE CO 195,253 14,293,000 2.91% SH
20 ABBVIE INC 229,702 14,221,000 2.90% SH
21 INTEL CORP 431,910 14,167,000 2.89% SH
22 PROCTER AND GAMBLE CO 166,779 14,121,000 2.88% SH
23 ARTHUR J GALLAGHER 292,776 13,936,000 2.84% SH
24 UNITED TECHNOLOGIES CORP 134,785 13,822,000 2.81% SH
25 DU PONT E I DE NEMOURS & CO 211,918 13,732,000 2.80% SH
26 EMERSON ELEC CO 253,779 13,237,000 2.70% SH
27 NOVARTIS A G 158,338 13,064,000 2.66% SH
28 UNILEVER PLC 245,879 11,780,000 2.40% SH
29 INTERNATIONAL BUSINESS MACHS 77,021 11,690,000 2.38% SH
30 ROYAL DUTCH SHELL PLC 126,921 7,009,000 1.43% SH
31 SPDR S&P 500 ETF TR 32,921 6,896,000 1.40% SH
32 ROYAL DUTCH SHELL PLC 121,005 6,776,000 1.38% SH
33 SERVISFIRST BANCSHARES INC COM 74,071 3,658,000 0.74% SH
34 UNILEVER N V 54,242 2,546,000 0.52% SH
35 COCA COLA CO 45,400 2,058,000 0.42% SH
36 ENERGEN CORP COM 35,774 1,725,000 0.35% SH
37 TORCHMARK CORP 27,416 1,695,000 0.35% SH
38 PROASSURANCE CORP COM 25,534 1,367,000 0.28% SH
39 APPLE COMPUTER INC 13,633 1,303,000 0.27% SH
40 Berkshire Hathaway Cl B 7,793 1,128,000 0.23% SH
41 Synovus Financial Corp 34,661 1,005,000 0.20% SH
42 VULCAN MATLS CO 8,186 985,000 0.20% SH
43 POWERSHARES N/C 6/4/18 46137V613 12,346 955,000 0.19% SH
44 SCANA 10,661 807,000 0.16% SH
45 WELLS FARGO & CO NEW 15,523 735,000 0.15% SH
46 Streettracks Gold TRUST 5,434 687,000 0.14% SH
47 PHILIP MORRIS INTL INC 6,667 678,000 0.14% SH
48 KRAFT HEINZ CO 7,573 670,000 0.14% SH
49 CATERPILLAR INC 8,485 643,000 0.13% SH
50 NORTHROP GRUMMAN CORP 2,570 571,000 0.12% SH
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Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001443095-16-000008, filed 2016.07.28).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.