Godshalk Welsh Capital Management, Inc.
CIK 1631775 · View on SEC EDGAR ↗
- Portfolio value
- $185.6M
- Positions
- 137
- As of
- June 30, 2026
#6,699 of 9,443 by 13F value · top 70.9%
Portfolio value QoQ: +7.6% 13F does not disclose cash
- Top 10 holdings weight
- 28.45%
- Top 25 holdings weight
- 51.67%
- Positions above 1%
- 32
- Effective number of positions
- 63.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.05% Est. buys $4,624,234 · sells $1,882,180
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 89.0% still held
- New positions
- 10
- Increased
- 33
- Decreased
- 33
- Closed
- 2
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
13.9%
Industrials
9.4%
Retail
8.2%
Health Care
7.8%
Communication Services
5.6%
Financials
5.4%
Financial Services
3.7%
Energy
3.3%
Communications
2.8%
Consumer Discretionary
2.4%
Materials
1.9%
Utilities
1.9%
Consumer products
1.6%
Consumer Staples
1.1%
Real Estate
0.5%
Other/Unmapped
30.6%
Full portfolio 137 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AAPL Apple Inc. - Common Stock | $9,310,737 | 5.02% | 32,177 | $1,112,812 | Down ×6 | ||
| MSFT Microsoft Corporation - Common Stock | $7,357,820 | 3.96% | 19,725 | $22,901 | Down ×6 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $6,350,108 | 3.42% | 17,769 | $1,210,261 | Down ×6 | ||
| COST Costco Wholesale Corporation - Common Stock | $5,307,876 | 2.86% | 5,674 | $-320,978 | Up ×1 | ||
| BRKB | $4,409,937 | 2.38% | 8,813 | $81,323 | Down ×5 | ||
| ORCL Oracle Corporation Common Stock | $4,302,708 | 2.32% | 29,360 | $-31,153 | Down ×5 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $4,274,957 | 2.30% | 36,395 | $1,398,696 | Down ×6 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $4,006,762 | 2.16% | 11,340 | $753,770 | |||
| IWM | $3,821,724 | 2.06% | 12,720 | $666,619 | Down ×3 | ||
| IBDT | $3,657,463 | 1.97% | 144,850 | $140,392 | Up ×6 | ||
| AXP American Express Company Common Stock | $3,634,496 | 1.96% | 10,745 | $394,935 | Up ×1 | ||
| GLW Corning Incorporated Common Stock | $3,409,991 | 1.84% | 13,350 | $1,584,594 | Down ×3 | ||
| RSP | $3,235,185 | 1.74% | 15,205 | $352,709 | Up ×4 | ||
| WRB W.R. Berkley Corporation Common Stock | $3,184,994 | 1.72% | 45,158 | $191,922 | |||
| IBDU | $3,168,288 | 1.71% | 136,800 | $80,523 | Up ×5 | ||
| GMED Globus Medical, Inc. Class A Common Stock | $3,160,400 | 1.70% | 40,000 | $-286,000 | |||
| JPM JP Morgan Chase & Co. Common Stock | $3,067,082 | 1.65% | 9,370 | $274,033 | Down ×6 | ||
| IBDS | $3,065,889 | 1.65% | 126,585 | $27,769 | Up ×6 | ||
| JNJ Johnson & Johnson Common Stock | $2,971,703 | 1.60% | 11,701 | $87,555 | Down ×2 | ||
| IEFA | $2,689,230 | 1.45% | 27,845 | $155,313 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $2,499,713 | 1.35% | 43,870 | $351,300 | Down ×6 | ||
| FDVV | $2,478,160 | 1.34% | 41,104 | $273,034 | Up ×6 | ||
| IBDV | $2,220,330 | 1.20% | 101,850 | $138,591 | Up ×4 | ||
| IBDR | $2,183,729 | 1.18% | 90,125 | $1,523 | Up ×6 | ||
| TCAF | $2,116,650 | 1.14% | 51,500 | $377,189 | Up ×6 | ||
| PG Procter & Gamble Company (The) Common Stock | $2,103,551 | 1.13% | 14,345 | $31,559 | |||
| HD Home Depot, Inc. (The) Common Stock | $1,979,946 | 1.07% | 5,614 | $131,913 | Down ×3 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $1,941,322 | 1.05% | 4,065 | $559,106 | Down ×1 | ||
| TJX TJX Companies, Inc. (The) Common Stock | $1,903,598 | 1.03% | 12,565 | $-87,063 | Up ×2 | ||
| SYY Sysco Corporation Common Stock | $1,880,550 | 1.01% | 22,500 | $264,925 | Down ×2 | ||
| VLO Valero Energy Corporation Common Stock | $1,875,168 | 1.01% | 7,200 | $83,838 | Down ×2 | ||
| WM Waste Management, Inc. Common Stock | $1,862,162 | 1.00% | 8,355 | $-80,712 | Down ×3 | ||
| ADP Automatic Data Processing, Inc. - Common Stock | $1,786,001 | 0.96% | 7,975 | $165,640 | |||
| INTU Intuit Inc. - Common Stock | $1,740,870 | 0.94% | 6,670 | $-1,452,256 | Down ×6 | ||
| CVX Chevron Corporation Common Stock | $1,736,336 | 0.94% | 10,475 | $-430,942 | |||
| LOW Lowe's Companies, Inc. Common Stock | $1,649,265 | 0.89% | 7,480 | $-118,109 | |||
| PAYX Paychex, Inc. - Common Stock | $1,637,686 | 0.88% | 16,655 | $103,427 | |||
| WMT Walmart Inc. - Common Stock | $1,566,952 | 0.84% | 13,835 | $-126,363 | Up ×4 | ||
| RTX RTX Corporation Common Stock | $1,521,824 | 0.82% | 8,021 | $-35,072 | Down ×2 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $1,507,948 | 0.81% | 11,735 | $90,330 | Down ×6 | ||
| VIG | $1,475,089 | 0.79% | 6,234 | $48,381 | Down ×1 | ||
| IBDW | $1,428,582 | 0.77% | 68,550 | $129,875 | Up ×2 | ||
| SPY SPY | $1,400,194 | 0.75% | 1,875 | $180,806 | |||
| SBUX Starbucks Corporation - Common Stock | $1,390,806 | 0.75% | 13,610 | $171,486 | |||
| SUB | $1,368,140 | 0.74% | 12,850 | $-21,685 | Down ×2 | ||
| AOM | $1,358,471 | 0.73% | 27,229 | $68,850 | Up ×6 | ||
| ECL Ecolab Inc. Common Stock | $1,354,045 | 0.73% | 4,860 | $61,188 | |||
| ABBV AbbVie Inc. Common Stock | $1,303,747 | 0.70% | 5,181 | $176,931 | |||
| V Visa Inc. | $1,284,872 | 0.69% | 3,745 | $152,983 | |||
| IBMQ | $1,266,210 | 0.68% | 49,500 | $66,300 | Up ×5 | ||
| IBMR | $1,231,415 | 0.66% | 48,500 | $65,315 | Up ×4 | ||
| MUB | $1,221,487 | 0.66% | 11,350 | $-4,546 | Down ×2 | ||
| CSX CSX Corporation - Common Stock | $1,218,669 | 0.66% | 25,640 | $155,884 | Down ×1 | ||
| PSX Phillips 66 Common Stock | $1,200,255 | 0.65% | 7,100 | $-93,223 | |||
| BX Blackstone Inc. Common Stock | $1,150,813 | 0.62% | 9,780 | $338 | Down ×4 | ||
| IBMP | $1,143,900 | 0.62% | 45,000 | $62,700 | Up ×5 | ||
| PEP PepsiCo, Inc. - Common Stock | $1,127,205 | 0.61% | 8,325 | $-177,231 | Down ×2 | ||
| MCD McDonald's Corporation Common Stock | $1,110,974 | 0.60% | 4,110 | $-166,373 | |||
| IDA IDACORP, Inc. Common Stock | $1,109,937 | 0.60% | 7,336 | $61,109 | |||
| IBMS | $1,099,475 | 0.59% | 42,500 | $272,915 | Up ×3 | ||
| IWY | $1,048,848 | 0.57% | 3,609 | $150,784 | |||
| IBMO | $1,038,424 | 0.56% | 40,500 | $77,299 | Up ×4 | ||
| BDX Becton, Dickinson and Company Common Stock | $1,035,854 | 0.56% | 6,845 | $-19,945 | Up ×2 | ||
| LHX L3Harris Technologies, Inc. Common Stock | $998,177 | 0.54% | 3,435 | $-187,413 | |||
| YUM Yum! Brands, Inc. | $948,769 | 0.51% | 5,935 | $25,995 | |||
| RPM RPM International Inc. Common Stock | $928,658 | 0.50% | 8,355 | $98,171 | |||
| UBER Uber Technologies, Inc. Common Stock | $923,648 | 0.50% | 12,800 | $2,944 | |||
| NOK Nokia Corporation Sponsored American Depositary Shares | $921,825 | 0.50% | 1,275 | $486,043 | |||
| COP ConocoPhillips Common Stock | $902,373 | 0.49% | 8,680 | $-243,387 | |||
| QQQ Invesco QQQ Trust, Series 1 | $835,814 | 0.45% | 1,135 | $180,715 | |||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $808,400 | 0.44% | 1,945 | $282,102 | |||
| NEE NextEra Energy, Inc. Common Stock | $799,585 | 0.43% | 9,110 | $-51,196 | Down ×4 | ||
| IUSG iShares Core S&P U.S. Growth ETF | $792,799 | 0.43% | 4,215 | $132,806 | Down ×1 | ||
| VNQ | $789,280 | 0.43% | 8,185 | $72,140 | Up ×1 | ||
| CIXXXX | $731,930 | 0.39% | 2,655 | $23,709 | |||
| SOLS Solstice Advanced Materials Inc. - Common Stock | $716,597 | 0.39% | 8,088 | $100,615 | |||
| DGX Quest Diagnostics Incorporated Common Stock | $694,136 | 0.37% | 3,275 | $52,301 | |||
| WAT Waters Corporation Common Stock | $667,946 | 0.36% | 1,781 | $172,109 | Up ×1 | ||
| AOR | $666,789 | 0.36% | 9,594 | $49,582 | Up ×4 | ||
| CL Colgate-Palmolive Company Common Stock | $642,677 | 0.35% | 7,010 | $45,215 | |||
| SPHY | $621,160 | 0.33% | 26,500 | $9,010 | Up ×1 | ||
| MMM 3M Company Common Stock | $608,782 | 0.33% | 3,760 | $62,717 | |||
| AMT American Tower Corporation (REIT) Common Stock | $593,759 | 0.32% | 3,630 | $-215,641 | Down ×3 | ||
| EEMV | $587,184 | 0.32% | 7,800 | $82,290 | |||
| MDLZ Mondelez International, Inc. - Class A Common Stock | $571,170 | 0.31% | 9,875 | $-9,553 | Down ×3 | ||
| ZTS Zoetis Inc. Class A Common Stock | $568,413 | 0.31% | 7,910 | $-357,762 | Up ×1 | ||
| LMT Lockheed Martin Corporation Common Stock | $560,406 | 0.30% | 1,100 | $-104,423 | |||
| VTI | $552,573 | 0.30% | 1,493 | $229,786 | Up ×1 | ||
| IBMT | $541,800 | 0.29% | 21,000 | $105,463 | Up ×2 | ||
| WCN Waste Connections, Inc. Common Shares | $528,407 | 0.28% | 3,170 | $13,472 | |||
| MA Mastercard Incorporated Common Stock | $493,056 | 0.27% | 960 | $13,382 | |||
| EBAY eBay Inc. - Common Stock | $480,525 | 0.26% | 4,300 | $89,139 | |||
| AMGN Amgen Inc. - Common Stock | $465,324 | 0.25% | 1,285 | $13,197 | |||
| ED Consolidated Edison, Inc. Common Stock | $445,286 | 0.24% | 4,025 | $-10,264 | |||
| MET MetLife, Inc. Common Stock | $444,203 | 0.24% | 5,250 | $62,315 | Down ×2 | ||
| CAVA CAVA Group, Inc. Common Stock | $441,450 | 0.24% | 5,625 | $-5,523 | Up ×1 | ||
| LH Labcorp Holdings Inc. Common Stock | $439,600 | 0.24% | 1,570 | $20,708 | |||
| WTRG Essential Utilities, Inc. Common Stock | $438,113 | 0.24% | 11,436 | $-22,415 | |||
| EFA | $415,520 | 0.22% | 4,000 | $27,000 | |||
| VGT | $411,149 | 0.22% | 3,440 | $111,129 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| IBDT | $3,657,463 | 1.97% | up ×6 |
| RSP | $3,235,185 | 1.74% | up ×4 |
| IBDU | $3,168,288 | 1.71% | up ×5 |
| IBDS | $3,065,889 | 1.65% | up ×6 |
| FDVV | $2,478,160 | 1.34% | up ×6 |
| IBDV | $2,220,330 | 1.20% | up ×4 |
| IBDR | $2,183,729 | 1.18% | up ×6 |
| TCAF | $2,116,650 | 1.14% | up ×6 |
| WMT | $1,566,952 | 0.84% | up ×4 |
| AOM | $1,358,471 | 0.73% | up ×6 |
| IBMQ | $1,266,210 | 0.68% | up ×5 |
| IBMR | $1,231,415 | 0.66% | up ×4 |
| IBMP | $1,143,900 | 0.62% | up ×5 |
| IBMS | $1,099,475 | 0.59% | up ×3 |
| IBMO | $1,038,424 | 0.56% | up ×4 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 43849R105) | $337,810 | 1,528 | 0.18% |
| INTC | $317,658 | 2,275 | 0.17% |
| LLY | $251,880 | 210 | 0.14% |
| ELV | $241,706 | 625 | 0.13% |
| CARR | $232,886 | 3,175 | 0.13% |
| VIOG | $227,829 | 1,485 | 0.12% |
| FRAF | $219,100 | 3,500 | 0.12% |
| GWW | $217,664 | 160 | 0.12% |
| CAT | $212,980 | 200 | 0.11% |
| EMR | $200,410 | 1,400 | 0.11% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| NSRGY | March 31, 2026 | 10,250 | $1,012,495 | No longer tracked |
| IBDQ | Dec. 31, 2025 | 33,350 | $840,087 | No longer tracked |
| UPS | Sept. 30, 2025 | 4,920 | $496,625 | 23.7% |
| RSG | March 31, 2025 | 1,800 | $362,124 | -9.2% |
| DD | Dec. 31, 2025 | 4,249 | $330,997 | 248.6% |
| ADBE | March 31, 2026 | 890 | $311,491 | 12.3% |
| IBMN | Dec. 31, 2025 | 10,000 | $267,900 | No longer tracked |
| LLY | March 31, 2026 | 225 | $241,803 | 35.9% |
| CARR | Sept. 30, 2025 | 3,175 | $232,378 | 2.1% |
| DHR | March 31, 2026 | 1,000 | $228,920 | 12.9% |
| HSY | June 30, 2026 | 1,100 | $228,679 | 7.2% |
| VZ | June 30, 2026 | 4,433 | $222,537 | 16.8% |
| CTVA | Dec. 31, 2025 | 3,252 | $219,933 | 19.6% |
| ELV | March 31, 2026 | 625 | $219,094 | 36.6% |
| APO | June 30, 2025 | 1,585 | $217,050 | -7.3% |
| NOK | March 31, 2025 | 1,290 | $209,793 | 94.1% |
| KMB | March 31, 2025 | 1,600 | $209,664 | -23.7% |
| ERIE | June 30, 2025 | 500 | $209,525 | -24.8% |
| VLTO | Dec. 31, 2025 | 1,950 | $207,890 | -0.7% |
| STN | March 31, 2026 | 2,200 | $207,592 | -13.7% |
| DHR | June 30, 2025 | 1,000 | $205,000 | 8.4% |
| CMCSA | Dec. 31, 2025 | 6,434 | $202,156 | -5.5% |
| GWW | March 31, 2025 | 190 | $200,270 | 32.3% |
| EMR | March 31, 2026 | 1,400 | $185,808 | 19.1% |
| PGX | March 31, 2026 | 14,900 | $167,476 | No longer tracked |
| WOW | Dec. 31, 2025 | 21,500 | $110,940 | No longer tracked |