Godshalk Welsh Capital Management 13F annual report
Godshalk Welsh Capital Management is an investment fund managing more than $149 billion ran by Matthew Welsh. There are currently 121 companies in Mr. Welsh’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $17 billion.
$149 billion Assets Under Management (AUM)
As of 8th May 2024, Godshalk Welsh Capital Management’s top holding is 24,032 shares of Microsoft currently worth over $10.1 billion and making up 6.8% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Godshalk Welsh Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 40,431 shares of Apple Inc worth $6.93 billion, whose value fell 0.3% in the past six months.
The third-largest holding is Intuit Inc worth $5.25 billion and the next is Costco Wholesale Corp worth $4.98 billion, with 6,794 shares owned.
Currently, Godshalk Welsh Capital Management's portfolio is worth at least $149 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Godshalk Welsh Capital Management
The Godshalk Welsh Capital Management office and employees reside in Radnor, Pennsylvania. According to the last 13-F report filed with the SEC, Matthew Welsh serves as the President and Chief Compliance Officer at Godshalk Welsh Capital Management.
Recent trades
In the most recent 13F filing, Godshalk Welsh Capital Management revealed that it had opened a new position in
Ishares Short Term Nat Muni Bd and bought 10,200 shares worth $1.07 billion.
The investment fund also strengthened its position in Invesco Sp 500 Eq Wt by buying
818 additional shares.
This makes their stake in Invesco Sp 500 Eq Wt total 14,685 shares worth $2.49 billion.
On the other hand, there are companies that Godshalk Welsh Capital Management is getting rid of from its portfolio.
Godshalk Welsh Capital Management closed its position in Nestle Sa on 15th May 2024.
It sold the previously owned 12,580 shares for $1.51 billion.
Matthew Welsh also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $10.1 billion and 24,032 shares.
One of the smallest hedge funds
The two most similar investment funds to Godshalk Welsh Capital Management are Eliot Finkel Investment Counsel and Blue Water Life Science Advisors, L.P.. They manage $149 billion and $149 billion respectively.
Matthew Welsh investment strategy
Godshalk Welsh Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 19.6% of
the total portfolio value.
The fund focuses on investments in the United States as
58.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
57% of the total holdings value.
On the other hand, small-cap stocks make up only 1.7% of the portfolio.
The average market cap of the portfolio companies is close to $204 billion.
The complete list of Godshalk Welsh Capital Management trades based on 13F SEC filings
These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
9.55%
24,032
|
$10,110,743,000 | 6.79% |
| Apple Inc |
7.62%
40,431
|
$6,933,108,000 | 4.66% |
| Intuit Inc |
12.17%
8,080
|
$5,252,000,000 | 3.53% |
| Costco Wholesale Corp |
11.12%
6,794
|
$4,977,503,000 | 3.34% |
| Berkshire Hathaway Inc. |
11.11%
10,398
|
$4,372,567,000 | 2.94% |
| Oracle Corp. |
4.43%
33,235
|
$4,174,648,000 | 2.81% |
| Globus Medical Inc |
1.39%
71,035
|
$3,810,317,000 | 2.56% |
| Alphabet Inc |
8.88%
20,925
|
$3,158,210,000 | 2.12% |
| Berkley W R Corporation |
11.64%
33,904
|
$2,998,470,000 | 2.01% |
| American Express Co. |
5.04%
12,863
|
$2,928,776,000 | 1.97% |
| Merck Co |
9.74%
20,523
|
$2,708,010,000 | 1.82% |
| Ishares Russell 2000 Index |
1.93%
12,466
|
$2,621,679,000 | 1.76% |
| Procter Gamble |
8.79%
15,355
|
$2,491,349,000 | 1.67% |
| Invesco Sp 500 Eq Wt |
5.90%
14,685
|
$2,487,249,000 | 1.67% |
| Home Depot, Inc. |
8.67%
6,214
|
$2,383,690,000 | 1.60% |
| Lowes Companies Inc |
13.05%
9,160
|
$2,333,327,000 | 1.57% |
| Paychex Inc. |
9.76%
18,175
|
$2,231,890,000 | 1.50% |
| Jp Morgan Chase Co |
5.96%
10,650
|
$2,133,195,000 | 1.43% |
| Automatic Data Processing Inc. |
15.24%
8,035
|
$2,006,661,000 | 1.35% |
| Cisco Systems, Inc. |
0.75%
39,577
|
$1,975,288,000 | 1.33% |
| Waste Management, Inc. |
7.73%
9,245
|
$1,970,572,000 | 1.32% |
| Ishares Core Msci Eafe |
19.73%
26,121
|
$1,938,667,000 | 1.30% |
| Johnson Johnson |
6.11%
12,206
|
$1,930,867,000 | 1.30% |
| Alphabet Inc |
13.18%
12,675
|
$1,929,896,000 | 1.30% |
| Sysco Corp. |
11.94%
23,413
|
$1,900,667,000 | 1.28% |
| Bank Of America Corp. |
4.59%
47,895
|
$1,816,178,000 | 1.22% |
| Chevron Corp. |
9.61%
11,288
|
$1,780,569,000 | 1.20% |
| Pepsico Inc |
9.52%
9,505
|
$1,663,470,000 | 1.12% |
| Nestle Sa |
Closed
12,580
|
$1,514,003,000 | |
| Zoetis Inc |
12.99%
8,940
|
$1,512,737,000 | 1.02% |
| Target Corp |
4.78%
8,170
|
$1,447,806,000 | 0.97% |
| United Parcel Service, Inc. |
5.80%
9,737
|
$1,447,210,000 | 0.97% |
| Starbucks Corp. |
10.88%
15,560
|
$1,422,028,000 | 0.96% |
| Vanguard Div Appreciation |
12.79%
7,673
|
$1,401,167,000 | 0.94% |
| Blackstone Group Inc |
3.87%
10,430
|
$1,370,189,000 | 0.92% |
| Becton Dickinson Co |
3.51%
5,505
|
$1,362,212,000 | 0.92% |
| Mcdonalds Corp |
1.56%
4,735
|
$1,335,033,000 | 0.90% |
| TJX Companies, Inc. |
10.58%
13,100
|
$1,328,602,000 | 0.89% |
| Phillips 66 |
12.27%
7,775
|
$1,269,969,000 | 0.85% |
| Valero Energy Corp. |
9.73%
7,425
|
$1,267,373,000 | 0.85% |
| American Tower Corp. |
10.86%
6,360
|
$1,256,672,000 | 0.84% |
| Ecolab, Inc. |
7.60%
5,170
|
$1,193,753,000 | 0.80% |
| Visa Inc |
12.53%
4,159
|
$1,160,694,000 | 0.78% |
| Unitedhealth Group Inc |
11.55%
2,335
|
$1,155,125,000 | 0.78% |
| Cigna Corp |
1.56%
3,150
|
$1,144,049,000 | 0.77% |
| Conocophillips |
0.56%
8,651
|
$1,101,099,000 | 0.74% |
| Mondelez International Inc. |
No change
15,312
|
$1,071,840,000 | 0.72% |
| Ishares Short Term Nat Muni Bd |
Opened
10,200
|
$1,068,246,000 | 0.72% |
| Abbvie Inc |
21.98%
5,681
|
$1,034,510,000 | 0.70% |
| Comcast Corp Class A |
7.58%
23,774
|
$1,030,603,000 | 0.69% |
| RPM International, Inc. |
10.36%
8,655
|
$1,029,512,000 | 0.69% |
| CSX Corp. |
7.36%
27,690
|
$1,026,468,000 | 0.69% |
| Essential Utilities Inc |
8.08%
27,586
|
$1,022,061,000 | 0.69% |
| Fidelity High Dividend |
73.55%
22,475
|
$1,018,342,000 | 0.68% |
| Spdr Sp 500 |
No change
1,875
|
$980,756,000 | 0.66% |
| Yum Brands Inc. |
No change
6,595
|
$914,397,000 | 0.61% |
| CVS Health Corp |
9.31%
11,200
|
$893,312,000 | 0.60% |
| Raytheon Technologies Corp |
21.29%
9,076
|
$885,182,000 | 0.59% |
| Ishares Short Term Nat Muni Bd |
Closed
8,350
|
$868,734,000 | |
| Walmart Inc |
210.37%
13,470
|
$810,490,000 | 0.54% |
| Unilever plc |
Closed
14,725
|
$767,614,000 | |
| Ishares Core Moderate Allocati |
20.00%
17,910
|
$766,173,000 | 0.51% |
| NextEra Energy Inc |
7.21%
11,900
|
$760,529,000 | 0.51% |
| L3Harris Technologies Inc |
19.59%
3,490
|
$743,719,000 | 0.50% |
| T Rowe Price Capital Apprec Eq |
Opened
24,600
|
$743,658,000 | 0.50% |
| Pfizer Inc. |
Closed
19,900
|
$729,932,000 | |
| Vanguard Reit |
22.56%
8,410
|
$727,297,000 | 0.49% |
| Uber Technologies Inc |
2.79%
9,200
|
$708,308,000 | 0.48% |
| Ishares National Muni |
50.30%
6,350
|
$683,260,000 | 0.46% |
| Idacorp, Inc. |
No change
7,336
|
$681,441,000 | 0.46% |
| Colgate-Palmolive Co. |
11.08%
7,425
|
$668,621,000 | 0.45% |
| Ishares Russell Top 200 Growth |
Opened
3,410
|
$665,291,000 | 0.45% |
| Invesco Preferred |
54.43%
54,000
|
$641,520,000 | 0.43% |
| Waste Connections Inc |
Opened
3,635
|
$625,256,000 | 0.42% |
| Invesco QQQ Trust |
5.91%
1,385
|
$614,954,000 | 0.41% |
| WideOpenWest Inc |
4.00%
167,898
|
$607,791,000 | 0.41% |
| Intel Corp. |
8.07%
13,674
|
$603,981,000 | 0.41% |
| Vanguard Muni Bond |
Closed
11,414
|
$573,201,000 | |
| Unifirst Corp. |
Closed
3,665
|
$568,112,000 | |
| DuPont de Nemours Inc |
0.90%
7,324
|
$561,531,000 | 0.38% |
| Ishares Core Sp Us Growth |
1.54%
4,615
|
$540,924,000 | 0.36% |
| American Water Works Co. Inc. |
11.99%
4,405
|
$538,335,000 | 0.36% |
| Ishares Core Growth Allocation |
30.93%
9,296
|
$517,523,000 | 0.35% |
| Masco Corp. |
2.29%
6,400
|
$504,832,000 | 0.34% |
| Lockheed Martin Corp. |
13.73%
1,100
|
$500,357,000 | 0.34% |
| Vanguard Short Term Bond Index |
63.80%
6,523
|
$500,081,000 | 0.34% |
| Quest Diagnostics, Inc. |
No change
3,600
|
$479,196,000 | 0.32% |
| Ishares Ibonds Dec 2026 Term C |
Opened
19,500
|
$465,075,000 | 0.31% |
| Consolidated Edison, Inc. |
1.98%
4,950
|
$449,510,000 | 0.30% |
| MetLife, Inc. |
29.41%
6,000
|
$444,660,000 | 0.30% |
| Disney Walt Company |
Closed
4,962
|
$443,007,000 | |
| Mastercard Incorporated |
1.56%
914
|
$440,155,000 | 0.30% |
| Intl Flavors Fragrances |
Closed
5,363
|
$426,841,000 | |
| Ishares Ibonds Dec 2025 Term C |
Opened
17,050
|
$423,011,000 | 0.28% |
| Clorox Co. |
3.54%
2,725
|
$417,225,000 | 0.28% |
| Republic Services, Inc. |
4.44%
2,150
|
$411,596,000 | 0.28% |
| Spdr Portfolio High Yield Bond |
Opened
17,500
|
$410,550,000 | 0.28% |
| 3M Co. |
51.83%
3,735
|
$396,171,000 | 0.27% |
| Taiwan Semiconductor Mfg Adr |
Opened
2,790
|
$379,580,000 | 0.26% |
| Cava Group Inc |
Opened
5,375
|
$376,519,000 | 0.25% |
| Abbott Laboratories |
2.96%
3,282
|
$373,032,000 | 0.25% |
| PayPal Holdings Inc |
Closed
5,385
|
$359,341,000 | |
| Laboratory Corp Of America |
35.62%
1,580
|
$345,167,000 | 0.23% |
| Elevance Health |
No change
650
|
$337,051,000 | 0.23% |
| Union Pacific Corp. |
1.15%
1,325
|
$325,857,000 | 0.22% |
| Ishares Msci Emergmkt Min Vol |
32.93%
5,600
|
$316,904,000 | 0.21% |
| Vgd Consumer Discretionary |
No change
985
|
$312,964,000 | 0.21% |
| Ishares Msci Eafe Index |
Opened
3,800
|
$303,468,000 | 0.20% |
| Ishares Short Term Corporate |
2.39%
5,859
|
$300,471,000 | 0.20% |
| Vgd Int Term Bond Index Fund |
64.81%
3,970
|
$299,315,000 | 0.20% |
| Hershey Company |
27.38%
1,525
|
$296,613,000 | 0.20% |
| Vanguard Total Stock Mkt |
No change
1,115
|
$289,825,000 | 0.19% |
| Schwab Us Small-cap |
No change
5,800
|
$285,592,000 | 0.19% |
| Corning, Inc. |
27.88%
8,600
|
$283,456,000 | 0.19% |
| Ishares Ibonds Dec 2027 Term C |
Opened
11,500
|
$273,700,000 | 0.18% |
| Bhp Billiton Ltd Adr |
No change
4,700
|
$271,143,000 | 0.18% |
| Applied Materials Inc. |
Opened
1,255
|
$258,819,000 | 0.17% |
| Simon Property Group, Inc. |
23.53%
1,625
|
$254,296,000 | 0.17% |
| Coca-Cola Co |
No change
4,100
|
$250,838,000 | 0.17% |
| Danaher Corp. |
36.51%
1,000
|
$249,720,000 | 0.17% |
| AMGEN Inc. |
Opened
870
|
$247,358,000 | 0.17% |
| Bristol-Myers Squibb Co. |
21.43%
4,400
|
$238,612,000 | 0.16% |
| Kimberly-Clark Corp. |
No change
1,800
|
$232,830,000 | 0.16% |
| EBay Inc. |
Opened
4,300
|
$226,954,000 | 0.15% |
| Vanguard Info Technology |
5.49%
430
|
$225,466,000 | 0.15% |
| General Mills, Inc. |
Closed
2,850
|
$218,595,000 | |
| Genuine Parts Co. |
No change
1,400
|
$216,902,000 | 0.15% |
| Verizon Communications Inc |
52.14%
5,100
|
$213,996,000 | 0.14% |
| Citigroup Inc |
Closed
4,500
|
$207,180,000 | |
| Chubb Limited |
Opened
785
|
$203,417,000 | 0.14% |
| Honeywell International Inc |
Closed
975
|
$202,313,000 | |
| Exxon Mobil Corp. |
Opened
1,735
|
$201,676,000 | 0.14% |
| Erie Indemnity Co. |
Opened
500
|
$200,785,000 | 0.13% |
| No transactions found | |||
| Showing first 500 out of 133 holdings | |||
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