Godshalk Welsh Capital Management, Inc.
Sector Allocation
- Technology26.7%$49.5M
- Other24.7%$45.8M
- Financials13.2%$24.5M
- Healthcare8.9%$16.5M
- Consumer Staples6.7%$12.5M
- Consumer Discretionary6.6%$12.3M
- Utilities3.4%$6.3M
- Energy3.3%$6.1M
- Materials3.3%$6.0M
- Industrials2.9%$5.4M
AUM History
13fpro.ai/research/fund/godshalk-welsh-capital-management-inc-1631775
Conviction and streaks
Stable · top 10 = 28.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
AAPL
$9.3MMSFT
$7.4MGOOGL
$6.4MCOST
$5.3MBRK.B
$4.4MORCL
$4.3MCSCO
$4.3MGOOG
$4.0M- iShares$3.8M
- iShares$3.7M
AXP
$3.6MGLW
$3.4MIVZ
$3.2MWRB
$3.2M- iShares$3.2M
GMED
$3.2MJPM
$3.1M- iShares$3.1M
JNJ
$3.0M- iShares$2.7M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/godshalk-welsh-capital-management-inc-1631775
Godshalk Welsh Capital Management, Inc. 13F holdings — Q2 2026
$185.6M portfolio (+7.6% QoQ) · 137 holdings · Q2 2026 13F · top 10 are 28% of the stock portfolio
$9.3M
5.0% of stocks
-0.4%This quarter+12.4%Since filed10+ qtrsHeld$7.4M
4.0% of stocks
-0.5%This quarter+7.5%Since filed10+ qtrsHeld$6.4M
3.4% of stocks
-0.6%This quarter-8.5%Since filed10+ qtrsHeld$5.3M
2.9% of stocks
+0.4%This quarter+4.6%Since filed10+ qtrsHeld$4.4M
2.4% of stocks
-2%This quarter—Since filed10+ qtrsHeldAIQuality73.5#124Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$4.3M
2.3% of stocks
-0.3%This quarter-16.3%Since filed10+ qtrsHeld$4.3M
2.3% of stocks
-2%This quarter-1.3%Since filed10+ qtrsHeld$4.0M
2.2% of stocks
No changeThis quarter-8.5%Since filed10+ qtrsHeld- 9
iShares Russell 2000 Index - ETF
$3.8M
2.1% of stocks
-0.0%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
iShares iBonds Dec 2028 Term C - ETF
$3.7M
2.0% of stocks
+4%This quarter—Since filed—HeldAIQuality—Est. buy—
All holdings — Godshalk Welsh Capital Management, Inc. (Q2 2026)
137 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | AMERICAN EXPRESS CO | Financials | $3.6M | 2.0% | 11K | +0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CORNING INC /NY | Materials | $3.4M | 1.8% | 13K | -0.6% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Invesco Ltd.warrant | Financials | $3.2M | 1.7% | 15K | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | BERKLEY W R CORP | Financials | $3.2M | 1.7% | 45K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | — | iShares iBonds Dec 2029 Term C - ETFetf/fund | — | $3.2M | 1.7% | 137K | +3% | — | — | 13F |
| 16 | GLOBUS MEDICAL INC | Healthcare | $3.2M | 1.7% | 40K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | JPMORGAN CHASE & CO | Financials | $3.1M | 1.6% | 9,370 | -1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | — | iShares iBonds Dec 2027 Term C - ETFetf/fund | — | $3.1M | 1.6% | 127K | +1.0% | — | — | 13F |
| 19 | JOHNSON & JOHNSON | Healthcare | $3.0M | 1.6% | 12K | -0.8% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | — | iShares Core MSCI EAFE - ETFetf/fund | — | $2.7M | 1.4% | 28K | -0.5% | — | — | 13F |
| 21 | BANK OF AMERICA CORP /DE/ | Financials | $2.5M | 1.4% | 44K | -0.5% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | Fidelity High Dividend - ETFetf/fund | — | $2.5M | 1.3% | 41K | +3% | — | — | 13F |
| 23 | — | iShares iBonds Dec 2030 Term C - ETFetf/fund | — | $2.2M | 1.2% | 102K | +7% | — | — | 13F |
| 24 | — | iShares iBonds Dec 2026 Term C - ETFetf/fund | — | $2.2M | 1.2% | 90K | +0.1% | — | — | 13F |
| 25 | Booz Allen Hamilton Holding Corpetf/fund | Technology | $2.1M | 1.1% | 52K | +5% | 10+ qtrsAdded 5 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $PG | PROCTER & GAMBLE Co | Consumer Staples | $2.1M | 1.1% | 14K | — | |||
| 27 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $2.0M | 1.1% | 5,614 | -0.1% | |||
| 28 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $1.9M | 1.1% | 4,065 | -0.6% | |||
| 29 | $TJX | TJX COMPANIES INC /DE/ | Consumer Discretionary | $1.9M | 1.0% | 13K | +0.8% | |||
| 30 | $SYY | SYSCO CORP | Consumer Discretionary | $1.9M | 1.0% | 23K | -0.7% | |||
| 31 | $VLO | VALERO ENERGY CORP/TX | Energy | $1.9M | 1.0% | 7,200 | -0.7% | |||
| 32 | $WM | WASTE MANAGEMENT INC | Utilities | $1.9M | 1.0% | 8,355 | -1% | |||
| 33 | $ADP | AUTOMATIC DATA PROCESSING INC | Technology | $1.8M | 1.0% | 7,975 | — | |||
| 34 | $INTU | INTUIT INC. | Technology | $1.7M | 0.9% | 6,670 | -10% | |||
| 35 | $CVX | CHEVRON CORP | Energy | $1.7M | 0.9% | 10K | — | |||
| 36 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $1.6M | 0.9% | 7,480 | — | |||
| 37 | $PAYX | PAYCHEX INC | Technology | $1.6M | 0.9% | 17K | — | |||
| 38 | $WMT | Walmart Inc. | Consumer Staples | $1.6M | 0.8% | 14K | +2% | |||
| 39 | $RTX | RTX Corp | Industrials | $1.5M | 0.8% | 8,021 | -0.6% | |||
| 40 | $MRK | Merck & Co., Inc. | Healthcare | $1.5M | 0.8% | 12K | -0.4% | |||
| 41 | — | Vanguard Div Appreciation - ETF | — | $1.5M | 0.8% | 6,234 | -6% | |||
| 42 | — | iShares iBonds Dec 2031 Term C - ETF | — | $1.4M | 0.8% | 69K | +10% | |||
| 43 | $SPY | SPDR S&P 500 ETF TRUST | — | $1.4M | 0.8% | 1,875 | — | |||
| 44 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $1.4M | 0.8% | 14K | — | |||
| 45 | — | iShares Short Term Nat Muni Bd - ETF | — | $1.4M | 0.7% | 13K | -2% | |||
| 46 | — | iShares Core Moderate Allocati - ETF | — | $1.4M | 0.7% | 27K | +0.0% | |||
| 47 | $ECL | ECOLAB INC. | Materials | $1.4M | 0.7% | 4,860 | — | |||
| 48 | $ABBV | AbbVie Inc. | Healthcare | $1.3M | 0.7% | 5,181 | — | |||
| 49 | $V | VISA INC. | Financials | $1.3M | 0.7% | 3,745 | — | |||
| 50 | — | iShares iBonds Dec 2028 Term M - ETF | — | $1.3M | 0.7% | 50K | +5% | |||
| 51 | — | iShares iBonds Dec 2029 Term M - ETF | — | $1.2M | 0.7% | 49K | +5% | |||
| 52 | — | iShares National Muni - ETF | — | $1.2M | 0.7% | 11K | -2% | |||
| 53 | $CSX | CSX CORP | Industrials | $1.2M | 0.7% | 26K | -1.0% | |||
| 54 | $PSX | Phillips 66 | Energy | $1.2M | 0.7% | 7,100 | — | |||
| 55 | $BX | Blackstone Inc. | Financials | $1.2M | 0.6% | 9,780 | -2% | |||
| 56 | — | iShares iBonds Dec 2027 Term M - ETF | — | $1.1M | 0.6% | 45K | +6% | |||
| 57 | $PEP | PEPSICO INC | Consumer Staples | $1.1M | 0.6% | 8,325 | -0.9% | |||
| 58 | $MCD | MCDONALDS CORP | Consumer Discretionary | $1.1M | 0.6% | 4,110 | — | |||
| 59 | $IDA | IDACORP INC | Utilities | $1.1M | 0.6% | 7,336 | — | |||
| 60 | — | iShares iBonds Dec 2030 Term M - ETF | — | $1.1M | 0.6% | 43K | +33% | |||
| 61 | — | iShares Russell Top 200 Growth - ETF | — | $1.0M | 0.6% | 3,609 | — | |||
| 62 | — | iShares iBonds Dec 2026 Term M - ETF | — | $1.0M | 0.6% | 41K | +8% | |||
| 63 | $BDX | BECTON DICKINSON & CO | Healthcare | $1.0M | 0.6% | 6,845 | +2% | |||
| 64 | $LHX | L3HARRIS TECHNOLOGIES, INC. /DE/ | Technology | $998K | 0.5% | 3,435 | — | |||
| 65 | $YUM | YUM BRANDS INC | Consumer Discretionary | $949K | 0.5% | 5,935 | — | |||
| 66 | $RPM | RPM INTERNATIONAL INC/DE/ | Materials | $929K | 0.5% | 8,355 | — | |||
| 67 | $UBER | Uber Technologies, Inc | Technology | $924K | 0.5% | 13K | — | |||
| 68 | $NOK | NOKIA CORP | Technology | $922K | 0.5% | 1,275 | — | |||
| 69 | $COP | CONOCOPHILLIPS | Energy | $902K | 0.5% | 8,680 | — | |||
| 70 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $836K | 0.5% | 1,135 | — | |||
| 71 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $808K | 0.4% | 1,945 | — | |||
| 72 | $NEE | NEXTERA ENERGY INC | Utilities | $800K | 0.4% | 9,110 | -0.5% | |||
| 73 | — | iShares Core S&P US Growth - ETF | — | $793K | 0.4% | 4,215 | -0.9% | |||
| 74 | — | Vanguard REIT - ETF | — | $789K | 0.4% | 8,185 | +1% | |||
| 75 | $CI | Cigna Group | Healthcare | $732K | 0.4% | 2,655 | — | |||
| 76 | $SOLS | Solstice Advanced Materials Inc. | Healthcare | $717K | 0.4% | 8,088 | — | |||
| 77 | $DGX | QUEST DIAGNOSTICS INC | Healthcare | $694K | 0.4% | 3,275 | — | |||
| 78 | $WAT | WATERS CORP /DE/ | Healthcare | $668K | 0.4% | 1,781 | +7% | |||
| 79 | — | iShares Core Growth Allocation - ETF | — | $667K | 0.4% | 9,594 | +0.0% | |||
| 80 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $643K | 0.3% | 7,010 | — | |||
| 81 | — | SPDR Portfolio High Yield Bond - ETF | — | $621K | 0.3% | 27K | +1.0% | |||
| 82 | $MMM | 3M CO | Healthcare | $609K | 0.3% | 3,760 | — | |||
| 83 | $AMT | AMERICAN TOWER CORP /MA/ | Real Estate | $594K | 0.3% | 3,630 | -23% | |||
| 84 | — | iShares MSCI EmergMkt Min Vol - ETF | — | $587K | 0.3% | 7,800 | — | |||
| 85 | $MDLZ | Mondelez International, Inc. | Consumer Staples | $571K | 0.3% | 9,875 | -2% | |||
| 86 | $ZTS | Zoetis Inc. | Healthcare | $568K | 0.3% | 7,910 | +1.0% | |||
| 87 | $LMT | LOCKHEED MARTIN CORP | Industrials | $560K | 0.3% | 1,100 | — | |||
| 88 | — | Vanguard Total Stock Mkt - ETF | — | $553K | 0.3% | 1,493 | +48% | |||
| 89 | — | iShares iBonds Dec 2031 Term M - ETF | — | $542K | 0.3% | 21K | +24% | |||
| 90 | $WCN | Waste Connections, Inc. | Utilities | $528K | 0.3% | 3,170 | — | |||
| 91 | $MA | Mastercard Inc | Financials | $493K | 0.3% | 960 | — | |||
| 92 | $EBAY | EBAY INC | Consumer Discretionary | $481K | 0.3% | 4,300 | — | |||
| 93 | $AMGN | AMGEN INC | Healthcare | $465K | 0.3% | 1,285 | — | |||
| 94 | $ED | CONSOLIDATED EDISON INC | Utilities | $445K | 0.2% | 4,025 | — | |||
| 95 | $MET | METLIFE INC | Financials | $444K | 0.2% | 5,250 | -3% | |||
| 96 | $CAVA | CAVA GROUP, INC. | Consumer Discretionary | $441K | 0.2% | 5,625 | +2% | |||
| 97 | $LH | LABCORP HOLDINGS INC. | Healthcare | $440K | 0.2% | 1,570 | — | |||
| 98 | $WTRG | Essential Utilities, Inc. | Utilities | $438K | 0.2% | 11K | — | |||
| 99 | — | iShares MSCI EAFE Index - ETF | — | $416K | 0.2% | 4,000 | — | |||
| 100 | — | Vanguard Info Technology - ETF | — | $411K | 0.2% | 3,440 | +700% | |||
| 101 | $MAS | MASCO CORP /DE/ | Industrials | $399K | 0.2% | 4,900 | — | |||
| 102 | $TGT | TARGET CORP | Consumer Staples | $385K | 0.2% | 2,950 | -2% | |||
| 103 | — | Vgd Consumer Discretionary - ETF | — | $379K | 0.2% | 955 | — | |||
| 104 | $AWK | American Water Works Company, Inc. | Utilities | $359K | 0.2% | 2,725 | — | |||
| 105 | $UNP | UNION PACIFIC CORP | Industrials | $354K | 0.2% | 1,300 | — | |||
| 106 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $352K | 0.2% | 2,575 | — | |||
| 107 | $RSG | REPUBLIC SERVICES, INC. | Utilities | $346K | 0.2% | 1,625 | — | |||
| 108 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $343K | 0.2% | 1,530 | -50% | |||
| 109 | $HONA | Honeywell Aerospace Inc. | Industrials | $338K | 0.2% | 1,528 | New | |||
| 110 | $BHP | BHP Group Ltd | Materials | $337K | 0.2% | 4,050 | — | |||
| 111 | $ABNB | Airbnb, Inc. | Technology | $337K | 0.2% | 2,355 | +4% | |||
| 112 | — | Schwab US Small Cap - ETF | — | $318K | 0.2% | 8,800 | — | |||
| 113 | $ADI | ANALOG DEVICES INC | Technology | $318K | 0.2% | 800 | — | |||
| 114 | $INTC | INTEL CORP | Technology | $318K | 0.2% | 2,275 | New | |||
| 115 | $KO | COCA COLA CO | Consumer Staples | $317K | 0.2% | 3,900 | — | |||
| 116 | $Q | Qnity Electronics, Inc. | Technology | $314K | 0.2% | 1,924 | — | |||
| 117 | $MKL | MARKEL GROUP INC. | Financials | $289K | 0.2% | 148 | — | |||
| 118 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $289K | 0.2% | 1,440 | +7% | |||
| 119 | $ABT | ABBOTT LABORATORIES | Healthcare | $284K | 0.1% | 3,125 | — | |||
| 120 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $281K | 0.1% | 1,000 | — | |||
| 121 | — | Vgd Int Term Bond Index Fund - ETF | — | $276K | 0.1% | 3,593 | +0.2% | |||
| 122 | $META | Meta Platforms, Inc. | Technology | $263K | 0.1% | 3,377 | +0.3% | |||
| 123 | $HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | $256K | 0.1% | 775 | — | |||
| 124 | $CB | Chubb Ltd | Financials | $252K | 0.1% | 740 | — | |||
| 125 | $LLY | ELI LILLY & Co | Healthcare | $252K | 0.1% | 210 | New | |||
| 126 | $SPG | SIMON PROPERTY GROUP INC. | Real Estate | $252K | 0.1% | 1,125 | — | |||
| 127 | $ELV | Elevance Health, Inc. | Healthcare | $242K | 0.1% | 625 | New | |||
| 128 | $CTVA | Corteva, Inc. | Consumer Staples | $242K | 0.1% | 2,852 | — | |||
| 129 | $SO | SOUTHERN CO | Utilities | $239K | 0.1% | 2,500 | — | |||
| 130 | $CARR | CARRIER GLOBAL Corp | Industrials | $233K | 0.1% | 3,175 | New | |||
| 131 | — | Vanguard S&P Small-Cap 600 Gro - ETF | — | $228K | 0.1% | 1,485 | New | |||
| 132 | $FRAF | FRANKLIN FINANCIAL SERVICES CORP /PA/ | Financials | $219K | 0.1% | 3,500 | New | |||
| 133 | $AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | $219K | 0.1% | 1,600 | — | |||
| 134 | $GWW | W.W. GRAINGER, INC. | Consumer Discretionary | $218K | 0.1% | 160 | New | |||
| 135 | $CAT | CATERPILLAR INC | Industrials | $213K | 0.1% | 200 | New | |||
| 136 | $CLX | CLOROX CO /DE/ | Consumer Staples | $208K | 0.1% | 2,175 | — | |||
| 137 | $EMR | EMERSON ELECTRIC CO | Industrials | $200K | 0.1% | 1,400 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 10 new, 33 added to, 33 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (10)
$HONAHoneywell Aerospace Inc.$338K
first bought this quarter
$INTCINTEL CORP$318K
first bought this quarter
$LLYELI LILLY & Co$252K
first bought this quarter
$ELVElevance Health, Inc.$242K
first bought this quarter
$CARRCARRIER GLOBAL Corp$233K
first bought this quarter
- Vanguard S&P Small-Cap 600 Gro - ETF$228K
first bought this quarter
+4 more in the Excel export
Added to (33)
- Vanguard Info Technology - ETF+700%
now $411K
- iShares iBonds Dec 2030 Term M - ETF+33%
now $1.1M
- Vanguard Total Stock Mkt - ETF+48%
now $553K
- iShares iBonds Dec 2028 Term C - ETF+4%
now $3.7M
- iShares iBonds Dec 2030 Term C - ETF+7%
now $2.2M
- iShares iBonds Dec 2031 Term C - ETF+10%
now $1.4M
+27 more in the Excel export
Trimmed (33)
$HONHONEYWELL INTERNATIONAL INC-50%
now $343K · held 5 qtrs
$INTUINTUIT INC.-10%
now $1.7M · held 10+ qtrs
$AMTAMERICAN TOWER CORP /MA/-23%
now $594K · held 10+ qtrs, 3 trims in a row
now $4.4M · held 10+ qtrs, 3 trims in a row
- Vanguard Div Appreciation - ETF-6%
now $1.5M
now $4.3M · held 10+ qtrs
+27 more in the Excel export
Holdings by quarter
Every 13F Godshalk Welsh Capital Management, Inc. has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Godshalk Welsh Capital Management?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Godshalk Welsh Capital Management's top 20 holdings: 72/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-1.6%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 10% over the last 4
Top 10 weight
28%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
97%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Godshalk Welsh Capital Management, Inc. disclosed 137 positions worth $185.6M in its Form 13F-HR for Q2 2026, led by $AAPL (Apple Inc.) at 5.0% of the equity portfolio, followed by $MSFT and $GOOGL. During the quarter the fund opened 10 new positions and exited 2 — including a new stake in $HONA and a full exit from $HSY. The portfolio is most concentrated in Technology (26.7% of disclosed assets). All figures are sourced directly from Godshalk Welsh Capital Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1631775.
Funds like this
managers whose biggest positions overlap Godshalk Welsh Capital Management'sBrowse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
AI-Powered Hedge Fund Analysis: Godshalk Welsh Capital Management, Inc.
13F Pro is an AI hedge fund tracker and stock research platform. For Godshalk Welsh Capital Management, Inc. (SEC CIK: 1631775), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Godshalk Welsh Capital Management, Inc.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.