Q2 2025 · 13F-HR
Godshalk Welsh Capital Management, Inc.holdings as filed
Filed 2025-08-14 · accession 0001631775-25-000003
$162.3M
Reported value
130
Positions
2025-06-30
Period end
The Brief · Godshalk Welsh Capital Management, Inc. · Q2 2025
AI · grounded in 13F
Godshalk Welsh Capital Management, Inc. established a new position in MSFT valued at $10.23M. The fund also initiated new stakes in AAPL for $6.85M and ORCL for $6.62M. Other new additions include INTU, COST, and BRK/B. The fund ended the period with 130 positions and $162.33M in total assets under management.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $10.2M | 6.30% | 20,570 | Common | NONE |
| 037833100 | AAPL | Apple Inc | $6.9M | 4.22% | 33,392 | Common | NONE |
| 68389X105 | ORCL | Oracle Corp | $6.6M | 4.08% | 30,270 | Common | NONE |
| 461202103 | INTU | Intuit Inc | $5.9M | 3.65% | 7,515 | Common | NONE |
| 22160K105 | COST | Costco Wholesale Corp | $5.8M | 3.55% | 5,813 | Common | NONE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $4.7M | 2.91% | 9,733 | Common | NONE |
| 025816109 | AXP | American Express | $3.6M | 2.21% | 11,245 | Common | NONE |
| 084423102 | WRB | WR Berkley Corp | $3.4M | 2.09% | 46,094 | Common | NONE |
| 02079K305 | GOOGL | Alphabet Inc Cl A | $3.3M | 2.00% | 18,460 | Common | NONE |
| 379577208 | GMED | Globus Medical Inc A | $3.0M | 1.82% | 50,000 | Common | NONE |
| 46625H100 | JPM | JP Morgan Chase & Co | $2.9M | 1.77% | 9,905 | Common | NONE |
| 464287655 | IWM | iShares Russell 2000 Index | $2.8M | 1.70% | 12,762 | Common | NONE |
| 17275R102 | CSCO | Cisco Systems Inc | $2.6M | 1.60% | 37,470 | Common | NONE |
| 46137V357 | RSP | Invesco S&P 500 Eq Wt | $2.5M | 1.56% | 13,946 | Common | NONE |
| 704326107 | PAYX | Paychex Inc | $2.5M | 1.56% | 17,380 | Common | NONE |
| 053015103 | ADP | Automatic Data Processing | $2.5M | 1.52% | 8,010 | Common | NONE |
| 742718109 | PG | Procter & Gamble | $2.3M | 1.42% | 14,435 | Common | NONE |
| 46432F842 | IEFA | iShares Core MSCI EAFE | $2.3M | 1.41% | 27,339 | Common | NONE |
| 060505104 | BAC | Bank of America Corp | $2.1M | 1.32% | 45,320 | Common | NONE |
| 437076102 | HD | Home Depot Inc | $2.1M | 1.28% | 5,669 | Common | NONE |
| 46435UAA9 | IBDS | iShares iBonds Dec 2027 Term C | $2.1M | 1.28% | 85,500 | Common | NONE |
| 02079K107 | GOOG | Alphabet Inc Cl C | $2.0M | 1.24% | 11,340 | Common | NONE |
| 94106L109 | WM | Waste Management Inc | $2.0M | 1.24% | 8,790 | Common | NONE |
| 46435U515 | IBDT | iShares iBonds Dec 2028 Term C | $1.9M | 1.15% | 73,750 | Common | NONE |
| 478160104 | JNJ | Johnson & Johnson | $1.8M | 1.14% | 12,106 | Common | NONE |
| 316092840 | FDVV | Fidelity High Dividend | $1.7M | 1.07% | 33,390 | Common | NONE |
| 871829107 | SYY | Sysco Corporation | $1.7M | 1.06% | 22,690 | Common | NONE |
| 548661107 | LOW | Lowes Companies Inc | $1.7M | 1.05% | 7,665 | Common | NONE |
| 46435GAA0 | IBDR | iShares iBonds Dec 2026 Term C | $1.6M | 0.97% | 64,700 | Common | NONE |
| 872540109 | TJX | TJX Companies Inc | $1.6M | 0.96% | 12,675 | Common | NONE |
| 09260D107 | BX | Blackstone Group Inc | $1.5M | 0.93% | 10,095 | Common | NONE |
| 166764100 | CVX | Chevron Corp | $1.5M | 0.92% | 10,375 | Common | NONE |
| 464288158 | SUB | iShares Short Term Nat Muni Bd | $1.4M | 0.89% | 13,625 | Common | NONE |
| 87283Q867 | TCAF | T Rowe Price Capital Apprec Eq | $1.4M | 0.88% | 40,475 | Common | NONE |
| 278865100 | ECL | Ecolab Inc | $1.4M | 0.85% | 5,120 | Common | NONE |
| 921908844 | VIG | Vanguard Div Appreciation | $1.4M | 0.83% | 6,622 | Common | NONE |
| 92826C839 | V | Visa Inc | $1.3M | 0.82% | 3,750 | Common | NONE |
| 03027X100 | AMT | American Tower Corp | $1.3M | 0.81% | 5,935 | Common | NONE |
| 98978V103 | ZTS | Zoetis Inc | $1.3M | 0.78% | 8,110 | Common | NONE |
| 931142103 | WMT | Walmart Inc | $1.2M | 0.76% | 12,645 | Common | NONE |
| 855244109 | SBUX | Starbucks Corp | $1.2M | 0.76% | 13,450 | Common | NONE |
| 580135101 | MCD | McDonalds Corp | $1.2M | 0.75% | 4,140 | Common | NONE |
| 75513E101 | RTX | RTX Corp | $1.2M | 0.74% | 8,221 | Common | NONE |
| 464288414 | MUB | iShares National Muni | $1.2M | 0.73% | 11,275 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 | $1.2M | 0.71% | 1,875 | Common | NONE |
| 713448108 | PEP | Pepsico Inc | $1.2M | 0.71% | 8,740 | Common | NONE |
| 641069406 | NSRGY | Nestle SA ADR | $1.1M | 0.69% | 11,300 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $1.1M | 0.67% | 11,615 | Common | NONE |
| 46436E205 | IBDU | iShares iBonds Dec 2029 Term C | $1.1M | 0.66% | 45,900 | Common | NONE |
| 075887109 | BDX | Becton Dickinson & Co | $1.1M | 0.66% | 6,185 | Common | NONE |
| 58933Y105 | MRK | Merck & Co | $1.0M | 0.63% | 13,005 | Common | NONE |
| 00287Y109 | ABBV | AbbVie Inc | $984,900 | 0.61% | 5,306 | Common | NONE |
| 91913Y100 | VLO | Valero Energy Corp | $984,627 | 0.61% | 7,325 | Common | NONE |
| 988498101 | YUM | YUM! Brands Inc | $962,429 | 0.59% | 6,495 | Common | NONE |
| 749685103 | RPM | RPM International | $939,681 | 0.58% | 8,555 | Common | NONE |
| 125509109 | — | Cigna Corp | $910,748 | 0.56% | 2,755 | Common | NONE |
| 874039100 | TSM | Taiwan Semiconductor Mfg ADR | $890,106 | 0.55% | 3,930 | Common | NONE |
| 464289438 | IWY | iShares Russell Top 200 Growth | $889,901 | 0.55% | 3,610 | Common | NONE |
| 609207105 | MDLZ | Mondelez Intl Inc Cl A | $885,150 | 0.55% | 13,125 | Common | NONE |
| 502431109 | LHX | L3Harris Technologies Inc | $862,890 | 0.53% | 3,440 | Common | NONE |
| 29670G102 | WTRG | Essential Utilities Inc | $852,772 | 0.53% | 22,961 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $850,013 | 0.52% | 7,125 | Common | NONE |
| 451107106 | IDA | IdaCorp Incorporated | $846,941 | 0.52% | 7,336 | Common | NONE |
| 126408103 | CSX | CSX Corp | $844,791 | 0.52% | 25,890 | Common | NONE |
| 464289875 | AOM | iShares Core Moderate Allocati | $820,471 | 0.51% | 17,821 | Common | NONE |
| 20825C104 | COP | ConocoPhillips | $778,943 | 0.48% | 8,680 | Common | NONE |
| 46434VBD1 | IBDQ | iShares iBonds Dec 2025 Term C | $778,062 | 0.48% | 30,900 | Common | NONE |
| 65339F101 | NEE | NextEra Energy Inc | $742,794 | 0.46% | 10,700 | Common | NONE |
| 46090E103 | QQQ | Invesco QQQ Trust | $708,857 | 0.44% | 1,285 | Common | NONE |
| 46435U283 | IBMP | iShares iBonds Dec 2027 Term M | $703,463 | 0.43% | 27,750 | Common | NONE |
| 219350105 | GLW | Corning Inc | $696,818 | 0.43% | 13,250 | Common | NONE |
| 922908553 | VNQ | Vanguard REIT | $666,614 | 0.41% | 7,485 | Common | NONE |
| 46435U325 | IBMQ | iShares iBonds Dec 2028 Term M | $654,308 | 0.40% | 25,750 | Common | NONE |
| 438516106 | HON | Honeywell International Inc | $650,900 | 0.40% | 2,795 | Common | NONE |
| 94106B101 | WCN | Waste Connections Inc | $650,719 | 0.40% | 3,485 | Common | NONE |
| 464287671 | IUSG | iShares Core S&P US Growth | $648,976 | 0.40% | 4,315 | Common | NONE |
| 91324P102 | UNH | UnitedHealth Group Inc | $637,979 | 0.39% | 2,045 | Common | NONE |
| 78468R606 | SPHY | SPDR Portfolio High Yield Bond | $636,650 | 0.39% | 26,750 | Common | NONE |
| 87612E106 | TGT | Target Corporation | $631,853 | 0.39% | 6,405 | Common | NONE |
| 194162103 | CL | Colgate-Palmolive Co | $624,938 | 0.38% | 6,875 | Common | NONE |
| 46435U259 | IBMO | iShares iBonds Dec 2026 Term M | $614,952 | 0.38% | 24,000 | Common | NONE |
| 74834L100 | DGX | Quest Diagnostics Inc | $592,779 | 0.37% | 3,300 | Common | NONE |
| 464289867 | AOR | iShares Core Growth Allocation | $578,300 | 0.36% | 9,393 | Common | NONE |
| 88579Y101 | MMM | 3M Co | $572,422 | 0.35% | 3,760 | Common | NONE |
| 57636Q104 | MA | Mastercard Inc | $539,462 | 0.33% | 960 | Common | NONE |
| 539830109 | LMT | Lockheed Martin Corp | $509,454 | 0.31% | 1,100 | Common | NONE |
| 911312106 | UPS | United Parcel Service Inc | $496,625 | 0.31% | 4,920 | Common | NONE |
| 464286533 | EEMV | iShares MSCI EmergMkt Min Vol | $489,840 | 0.30% | 7,800 | Common | NONE |
| 00724F101 | ADBE | Adobe Systems Inc | $477,797 | 0.29% | 1,235 | Common | NONE |
| 46138E511 | PGX | Invesco Preferred | $455,217 | 0.28% | 40,900 | Common | NONE |
| 148929102 | CAVA | Cava Group Inc | $452,736 | 0.28% | 5,375 | Common | NONE |
| 030420103 | AWK | American Water Works Inc | $448,630 | 0.28% | 3,225 | Common | NONE |
| 59156R108 | MET | MetLife Inc | $442,310 | 0.27% | 5,500 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $428,432 | 0.26% | 3,150 | Common | NONE |
| 760759100 | RSG | Republic Services Inc | $419,237 | 0.26% | 1,700 | Common | NONE |
| 209115104 | ED | Consolidated Edison Inc | $418,961 | 0.26% | 4,175 | Common | NONE |
| 50540R409 | LSI | Labcorp Hldgs Inc. | $412,141 | 0.25% | 1,570 | Common | NONE |
| 26614N102 | DD | DuPont de Nemours Inc | $397,753 | 0.25% | 5,799 | Common | NONE |
| 921937827 | BSV | Vanguard Short Term Bond Index | $366,154 | 0.23% | 4,653 | Common | NONE |
| 464287465 | EFA | iShares MSCI EAFE Index | $357,560 | 0.22% | 4,000 | Common | NONE |
| 92204A108 | VCR | Vgd Consumer Discretionary | $347,827 | 0.21% | 960 | Common | NONE |
| 031162100 | AMGN | Amgen Inc | $344,824 | 0.21% | 1,235 | Common | NONE |
| 278642103 | EBAY | eBay Inc | $320,178 | 0.20% | 4,300 | Common | NONE |
| 574599106 | MAS | Masco Corp | $315,364 | 0.19% | 4,900 | Common | NONE |
| 922908769 | VTI | Vanguard Total Stock Mkt | $305,657 | 0.19% | 1,006 | Common | NONE |
| 907818108 | UNP | Union Pacific Corp | $299,104 | 0.18% | 1,300 | Common | NONE |
| 459200101 | IBM | IBM Corp | $294,780 | 0.18% | 1,000 | Common | NONE |
| 189054109 | CLX | Clorox Company | $291,170 | 0.18% | 2,425 | Common | NONE |
| 96758W101 | WOW | WideOpenWest Inc | $287,854 | 0.18% | 70,900 | Common | NONE |
| 92204A702 | VGT | Vanguard Info Technology | $285,210 | 0.18% | 430 | Common | NONE |
| 921937819 | BIV | Vgd Int Term Bond Index Fund | $283,784 | 0.17% | 3,669 | Common | NONE |
| 20030N101 | CMCSA | Comcast Corp Class A | $281,380 | 0.17% | 7,884 | Common | NONE |
| 191216100 | KO | Coca-Cola Company | $275,925 | 0.17% | 3,900 | Common | NONE |
| 30231G102 | XOM | Exxon Mobil Corp | $261,415 | 0.16% | 2,425 | Common | NONE |
| 46436E726 | IBDV | iShares iBonds Dec 2030 Term C | $258,265 | 0.16% | 11,750 | Common | NONE |
| 009066101 | ABNB | Airbnb Inc | $254,755 | 0.16% | 1,925 | Common | NONE |
| 036752103 | ELV | Elevance Health | $252,824 | 0.16% | 650 | Common | NONE |
| 828806109 | SPG | Simon Property Group | $245,159 | 0.15% | 1,525 | Common | NONE |
| 22052L104 | CTVA | Corteva Inc | $242,372 | 0.15% | 3,252 | Common | NONE |
| 46436E163 | IBMR | iShares iBonds Dec 2029 Term M | $239,685 | 0.15% | 9,500 | Common | NONE |
| 85472N109 | STN | Stantec Inc | $239,096 | 0.15% | 2,200 | Common | NONE |
| 654902204 | NOK | Applied Materials Inc | $236,160 | 0.15% | 1,290 | Common | NONE |
| 14448C104 | CARR | Carrier Global Corp | $232,378 | 0.14% | 3,175 | Common | NONE |
| 842587107 | SO | Southern Company | $229,575 | 0.14% | 2,500 | Common | NONE |
| 46435U432 | — | iShares iBonds Dec 2025 Term M | $227,490 | 0.14% | 8,500 | Common | NONE |
| 808524607 | SCHA | Schwab US Small Cap | $222,640 | 0.14% | 8,800 | Common | NONE |
| H1467J104 | CB | Chubb Limited | $214,393 | 0.13% | 740 | Common | NONE |
| 088606108 | BHP | BHP Billiton Ltd ADR | $206,787 | 0.13% | 4,300 | Common | NONE |
| 43300A203 | HLT | Hilton Worldwide Hldgs | $206,414 | 0.13% | 775 | Common | NONE |
| 570535104 | MKL | Markel Corp | $205,728 | 0.13% | 103 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.