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Portfolio (Quarterly) Guide ↗

Godshalk Welsh Capital Management, Inc.

· CIK 0001631775
13F Portfolio $175M AUM 132 positions Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 8 New 31 Added 39 Reduced 7 Exited
Page 2 of 2  ·  39 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 YUM YUM! Brands Inc Consumer Cyclical 5,955.0 $901K 0.51% -525.0 -8.1% $151.28 +0.9%
22 NEE NextEra Energy Inc Utilities 9,660.0 $776K 0.44% -340.0 -3.4% $80.28 +11.7%
23 QQQ Invesco QQQ Trust Financial Services 1,185.0 $728K 0.42% -50.0 -4.0% $614.31 +16.3%
24 WTRG Essential Utilities Inc Utilities 18,711.0 $718K 0.41% -4K -18.5% $38.36 -4.7%
25 IUSG iShares Core S&P US Growth 4,255.0 $715K 0.41% -60.0 -1.4% $167.94 +11.1%
26 UNH UnitedHealth Group Inc Healthcare 1,945.0 $642K 0.37% -100.0 -4.9% $330.11 +16.1%
27 MDLZ Mondelez Intl Inc Cl A Consumer Defensive 11,725.0 $631K 0.36% -1K -10.7% $53.83 +14.2%
28 SPHY SPDR Portfolio High Yield Bond 26,250.0 $621K 0.35% -2K -5.4% $23.67 -1.1%
29 WCN Waste Connections Inc Industrials 3,170.0 $556K 0.32% -300.0 -8.7% $175.36 -10.5%
30 ED Consolidated Edison Inc Utilities 4,125.0 $410K 0.23% -50.0 -1.2% $99.32 +8.1%
31 ABT Abbott Laboratories Healthcare 3,125.0 $392K 0.22% -25.0 -0.8% $125.29 -29.9%
32 AWK American Water Works Inc Utilities 2,925.0 $382K 0.22% -300.0 -9.3% $130.50 -5.1%
33 VCR Vgd Consumer Discretionary 955.0 $376K 0.21% -5.0 -0.5% $393.92 -0.3%
34 RSG Republic Services Inc Industrials 1,625.0 $344K 0.20% -75.0 -4.4% $211.93 +0.1%
35 TGT Target Corporation Consumer Defensive 3,200.0 $313K 0.18% -1K -31.1% $97.75 +25.1%
36 ADBE Adobe Systems Inc Technology 890.0 $311K 0.18% -345.0 -27.9% $349.99 -30.3%
37 BHP BHP Billiton Ltd ADR Basic Materials 4,050.0 $244K 0.14% -250.0 -5.8% $60.37 +40.7%
38 CLX Clorox Company Consumer Defensive 2,175.0 $219K 0.12% -150.0 -6.5% $100.83 -5.6%
39 PGX Invesco Preferred 14,900.0 $167K 0.10% -26K -63.6% $11.24 -2.6%
Page 2 of 2  ·  39 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.7%
Financial Services 15.5%
Consumer Defensive 10.9%
Industrials 10.5%
Consumer Cyclical 8.2%
Healthcare 8.0%
Communication Services 7.4%
Energy 3.9%
Utilities 2.8%
Basic Materials 2.3%