Q3 2025 · 13F-HR
Godshalk Welsh Capital Management, Inc.holdings as filed
Filed 2025-11-14 · accession 0001631775-25-000006
$174.3M
Reported value
131
Positions
2025-09-30
Period end
The Brief · Godshalk Welsh Capital Management, Inc. · Q3 2025
AI · grounded in 13F
Godshalk Welsh Capital Management, Inc. established a new position in MSFT valued at $10.5M. The fund also initiated new stakes in AAPL for $8.5M and ORCL for $8.4M. Additional new positions include COST at $5.3M and INTU at $5.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | Microsoft Corporation | $10.5M | 6.04% | 20,330 | Common | NONE |
| 037833100 | AAPL | Apple Inc | $8.5M | 4.87% | 33,327 | Common | NONE |
| 68389X105 | ORCL | Oracle Corp | $8.4M | 4.80% | 29,725 | Common | NONE |
| 22160K105 | COST | Costco Wholesale Corp | $5.3M | 3.07% | 5,778 | Common | NONE |
| 461202103 | INTU | Intuit Inc | $5.1M | 2.93% | 7,475 | Common | NONE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $4.9M | 2.79% | 9,668 | Common | NONE |
| 02079K305 | GOOGL | Alphabet Inc Cl A | $4.5M | 2.56% | 18,345 | Common | NONE |
| 025816109 | AXP | American Express | $3.7M | 2.13% | 11,185 | Common | NONE |
| 084423102 | WRB | WR Berkley Corp | $3.5M | 2.02% | 45,919 | Common | NONE |
| 464287655 | IWM | iShares Russell 2000 Index | $3.1M | 1.77% | 12,762 | Common | NONE |
| 46625H100 | JPM | JP Morgan Chase & Co | $3.1M | 1.75% | 9,690 | Common | NONE |
| 379577208 | GMED | Globus Medical Inc A | $2.9M | 1.64% | 50,000 | Common | NONE |
| 02079K107 | GOOG | Alphabet Inc Cl C | $2.8M | 1.58% | 11,340 | Common | NONE |
| 46137V357 | RSP | Invesco S&P 500 Eq Wt | $2.7M | 1.53% | 14,082 | Common | NONE |
| 46435U515 | IBDT | iShares iBonds Dec 2028 Term C | $2.6M | 1.49% | 101,600 | Common | NONE |
| 17275R102 | CSCO | Cisco Systems Inc | $2.6M | 1.47% | 37,445 | Common | NONE |
| 46435UAA9 | IBDS | iShares iBonds Dec 2027 Term C | $2.5M | 1.42% | 101,750 | Common | NONE |
| 46432F842 | IEFA | iShares Core MSCI EAFE | $2.4M | 1.39% | 27,714 | Common | NONE |
| 053015103 | ADP | Automatic Data Processing | $2.3M | 1.34% | 7,975 | Common | NONE |
| 060505104 | BAC | Bank of America Corp | $2.3M | 1.34% | 45,220 | Common | NONE |
| 437076102 | HD | Home Depot Inc | $2.3M | 1.32% | 5,669 | Common | NONE |
| 478160104 | JNJ | Johnson & Johnson | $2.2M | 1.28% | 12,041 | Common | NONE |
| 742718109 | PG | Procter & Gamble | $2.2M | 1.26% | 14,345 | Common | NONE |
| 704326107 | PAYX | Paychex Inc | $2.2M | 1.26% | 17,380 | Common | NONE |
| 316092840 | FDVV | Fidelity High Dividend | $2.0M | 1.15% | 36,060 | Common | NONE |
| 94106L109 | WM | Waste Management Inc | $1.9M | 1.11% | 8,790 | Common | NONE |
| 548661107 | LOW | Lowes Companies Inc | $1.9M | 1.11% | 7,665 | Common | NONE |
| 46435GAA0 | IBDR | iShares iBonds Dec 2026 Term C | $1.9M | 1.08% | 77,150 | Common | NONE |
| 871829107 | SYY | Sysco Corporation | $1.9M | 1.07% | 22,690 | Common | NONE |
| 872540109 | TJX | TJX Companies Inc | $1.8M | 1.04% | 12,490 | Common | NONE |
| 09260D107 | BX | Blackstone Group Inc | $1.7M | 0.99% | 10,070 | Common | NONE |
| 87283Q867 | TCAF | T Rowe Price Capital Apprec Eq | $1.7M | 0.97% | 45,025 | Common | NONE |
| 166764100 | CVX | Chevron Corp | $1.6M | 0.92% | 10,375 | Common | NONE |
| 46436E205 | IBDU | iShares iBonds Dec 2029 Term C | $1.6M | 0.89% | 66,450 | Common | NONE |
| 464288158 | SUB | iShares Short Term Nat Muni Bd | $1.5M | 0.83% | 13,625 | Common | NONE |
| 921908844 | VIG | Vanguard Div Appreciation | $1.4M | 0.82% | 6,630 | Common | NONE |
| 75513E101 | RTX | RTX Corp | $1.4M | 0.79% | 8,221 | Common | NONE |
| 278865100 | ECL | Ecolab Inc | $1.4M | 0.79% | 5,020 | Common | NONE |
| 931142103 | WMT | Walmart Inc | $1.4M | 0.79% | 13,330 | Common | NONE |
| 92826C839 | V | Visa Inc | $1.3M | 0.73% | 3,740 | Common | NONE |
| 580135101 | MCD | McDonalds Corp | $1.3M | 0.72% | 4,125 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 | $1.2M | 0.72% | 1,875 | Common | NONE |
| 91913Y100 | VLO | Valero Energy Corp | $1.2M | 0.72% | 7,325 | Common | NONE |
| 00287Y109 | ABBV | AbbVie Inc | $1.2M | 0.70% | 5,306 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $1.2M | 0.69% | 12,300 | Common | NONE |
| 464288414 | MUB | iShares National Muni | $1.2M | 0.69% | 11,275 | Common | NONE |
| 98978V103 | ZTS | Zoetis Inc | $1.2M | 0.68% | 8,100 | Common | NONE |
| 713448108 | PEP | Pepsico Inc | $1.2M | 0.67% | 8,325 | Common | NONE |
| 075887109 | BDX | Becton Dickinson & Co | $1.2M | 0.66% | 6,175 | Common | NONE |
| 03027X100 | AMT | American Tower Corp | $1.1M | 0.66% | 5,975 | Common | NONE |
| 855244109 | SBUX | Starbucks Corp | $1.1M | 0.66% | 13,500 | Common | NONE |
| 219350105 | GLW | Corning Inc | $1.1M | 0.64% | 13,650 | Common | NONE |
| 874039100 | TSM | Taiwan Semiconductor Mfg ADR | $1.1M | 0.63% | 3,930 | Common | NONE |
| 502431109 | LHX | L3Harris Technologies Inc | $1.1M | 0.60% | 3,440 | Common | NONE |
| 58933Y105 | MRK | Merck & Co | $1.0M | 0.59% | 12,355 | Common | NONE |
| 749685103 | RPM | RPM International | $1.0M | 0.58% | 8,555 | Common | NONE |
| 641069406 | NSRGY | Nestle SA ADR | $991,116 | 0.57% | 10,800 | Common | NONE |
| 464289438 | IWY | iShares Russell Top 200 Growth | $987,877 | 0.57% | 3,610 | Common | NONE |
| 988498101 | YUM | YUM! Brands Inc | $984,960 | 0.57% | 6,480 | Common | NONE |
| 451107106 | IDA | IdaCorp Incorporated | $969,452 | 0.56% | 7,336 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $969,143 | 0.56% | 7,125 | Common | NONE |
| 126408103 | CSX | CSX Corp | $919,354 | 0.53% | 25,890 | Common | NONE |
| 29670G102 | WTRG | Essential Utilities Inc | $916,144 | 0.53% | 22,961 | Common | NONE |
| 464289875 | AOM | iShares Core Moderate Allocati | $848,204 | 0.49% | 17,827 | Common | NONE |
| 46436E726 | IBDV | iShares iBonds Dec 2030 Term C | $843,915 | 0.48% | 38,100 | Common | NONE |
| 46434VBD1 | IBDQ | iShares iBonds Dec 2025 Term C | $840,087 | 0.48% | 33,350 | Common | NONE |
| 46435U283 | IBMP | iShares iBonds Dec 2027 Term M | $822,843 | 0.47% | 32,300 | Common | NONE |
| 20825C104 | COP | ConocoPhillips | $821,041 | 0.47% | 8,680 | Common | NONE |
| 609207105 | MDLZ | Mondelez Intl Inc Cl A | $819,919 | 0.47% | 13,125 | Common | NONE |
| 125509109 | — | Cigna Corp | $765,304 | 0.44% | 2,655 | Common | NONE |
| 65339F101 | NEE | NextEra Energy Inc | $754,900 | 0.43% | 10,000 | Common | NONE |
| 46435U325 | IBMQ | iShares iBonds Dec 2028 Term M | $751,252 | 0.43% | 29,300 | Common | NONE |
| 46090E103 | QQQ | Invesco QQQ Trust | $741,457 | 0.43% | 1,235 | Common | NONE |
| 46435U259 | IBMO | iShares iBonds Dec 2026 Term M | $731,310 | 0.42% | 28,500 | Common | NONE |
| 922908553 | VNQ | Vanguard REIT | $725,418 | 0.42% | 7,935 | Common | NONE |
| 464287671 | IUSG | iShares Core S&P US Growth | $709,990 | 0.41% | 4,315 | Common | NONE |
| 91324P102 | UNH | UnitedHealth Group Inc | $706,139 | 0.41% | 2,045 | Common | NONE |
| 78468R606 | SPHY | SPDR Portfolio High Yield Bond | $664,335 | 0.38% | 27,750 | Common | NONE |
| 74834L100 | DGX | Quest Diagnostics Inc | $628,914 | 0.36% | 3,300 | Common | NONE |
| 94106B101 | WCN | Waste Connections Inc | $610,026 | 0.35% | 3,470 | Common | NONE |
| 46436E163 | IBMR | iShares iBonds Dec 2029 Term M | $607,614 | 0.35% | 23,800 | Common | NONE |
| 464289867 | AOR | iShares Core Growth Allocation | $605,601 | 0.35% | 9,407 | Common | NONE |
| 438516106 | HON | Honeywell International Inc | $588,348 | 0.34% | 2,795 | Common | NONE |
| 88579Y101 | MMM | 3M Co | $583,477 | 0.33% | 3,760 | Common | NONE |
| 194162103 | CL | Colgate-Palmolive Co | $572,370 | 0.33% | 7,160 | Common | NONE |
| 539830109 | LMT | Lockheed Martin Corp | $549,131 | 0.32% | 1,100 | Common | NONE |
| 57636Q104 | MA | Mastercard Inc | $546,058 | 0.31% | 960 | Common | NONE |
| 464286533 | EEMV | iShares MSCI EmergMkt Min Vol | $497,874 | 0.29% | 7,800 | Common | NONE |
| 46138E511 | PGX | Invesco Preferred | $474,440 | 0.27% | 40,900 | Common | NONE |
| 59156R108 | MET | MetLife Inc | $453,035 | 0.26% | 5,500 | Common | NONE |
| 50540R409 | LSI | Labcorp Hldgs Inc. | $450,684 | 0.26% | 1,570 | Common | NONE |
| 030420103 | AWK | American Water Works Inc | $448,888 | 0.26% | 3,225 | Common | NONE |
| 00724F101 | ADBE | Adobe Systems Inc | $435,646 | 0.25% | 1,235 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $421,911 | 0.24% | 3,150 | Common | NONE |
| 209115104 | ED | Consolidated Edison Inc | $419,671 | 0.24% | 4,175 | Common | NONE |
| 87612E106 | TGT | Target Corporation | $416,657 | 0.24% | 4,645 | Common | NONE |
| 278642103 | EBAY | eBay Inc | $391,085 | 0.22% | 4,300 | Common | NONE |
| 760759100 | RSG | Republic Services Inc | $390,116 | 0.22% | 1,700 | Common | NONE |
| 92204A108 | VCR | Vgd Consumer Discretionary | $380,304 | 0.22% | 960 | Common | NONE |
| 464287465 | EFA | iShares MSCI EAFE Index | $373,480 | 0.21% | 4,000 | Common | NONE |
| 031162100 | AMGN | Amgen Inc | $348,517 | 0.20% | 1,235 | Common | NONE |
| 574599106 | MAS | Masco Corp | $344,911 | 0.20% | 4,900 | Common | NONE |
| 26614N102 | DD | DuPont de Nemours Inc | $330,997 | 0.19% | 4,249 | Common | NONE |
| 922908769 | VTI | Vanguard Total Stock Mkt | $330,075 | 0.19% | 1,006 | Common | NONE |
| 148929102 | CAVA | Cava Group Inc | $324,704 | 0.19% | 5,375 | Common | NONE |
| 92204A702 | VGT | Vanguard Info Technology | $321,051 | 0.18% | 430 | Common | NONE |
| 907818108 | UNP | Union Pacific Corp | $307,281 | 0.18% | 1,300 | Common | NONE |
| 189054109 | CLX | Clorox Company | $286,673 | 0.16% | 2,325 | Common | NONE |
| 30231G102 | XOM | Exxon Mobil Corp | $284,694 | 0.16% | 2,525 | Common | NONE |
| 459200101 | IBM | IBM Corp | $282,160 | 0.16% | 1,000 | Common | NONE |
| 46435U432 | — | iShares iBonds Dec 2025 Term M | $267,900 | 0.15% | 10,000 | Common | NONE |
| 921937819 | BIV | Vgd Int Term Bond Index Fund | $263,565 | 0.15% | 3,375 | Common | NONE |
| 654902204 | NOK | Applied Materials Inc | $261,044 | 0.15% | 1,275 | Common | NONE |
| 191216100 | KO | Coca-Cola Company | $258,648 | 0.15% | 3,900 | Common | NONE |
| 009066101 | ABNB | Airbnb Inc | $249,518 | 0.14% | 2,055 | Common | NONE |
| 921937827 | BSV | Vanguard Short Term Bond Index | $248,477 | 0.14% | 3,149 | Common | NONE |
| 808524607 | SCHA | Schwab US Small Cap | $245,520 | 0.14% | 8,800 | Common | NONE |
| 088606108 | BHP | BHP Billiton Ltd ADR | $239,725 | 0.14% | 4,300 | Common | NONE |
| 85472N109 | STN | Stantec Inc | $237,160 | 0.14% | 2,200 | Common | NONE |
| 842587107 | SO | Southern Company | $236,925 | 0.14% | 2,500 | Common | NONE |
| 46438G687 | IBMS | iShares iBonds Dec 2030 Term M | $234,720 | 0.13% | 9,000 | Common | NONE |
| 22052L104 | CTVA | Corteva Inc | $219,933 | 0.13% | 3,252 | Common | NONE |
| 570535104 | MKL | Markel Corp | $214,072 | 0.12% | 112 | Common | NONE |
| 828806109 | SPG | Simon Property Group | $211,129 | 0.12% | 1,125 | Common | NONE |
| H1467J104 | CB | Chubb Limited | $208,865 | 0.12% | 740 | Common | NONE |
| 92338C103 | VLTO | Veralto Corp | $207,890 | 0.12% | 1,950 | Common | NONE |
| 427866108 | HSY | Hershey Company | $205,755 | 0.12% | 1,100 | Common | NONE |
| 20030N101 | CMCSA | Comcast Corp Class A | $202,156 | 0.12% | 6,434 | Common | NONE |
| 036752103 | ELV | Elevance Health | $201,950 | 0.12% | 625 | Common | NONE |
| 43300A203 | HLT | Hilton Worldwide Hldgs | $201,066 | 0.12% | 775 | Common | NONE |
| 96758W101 | WOW | WideOpenWest Inc | $110,940 | 0.06% | 21,500 | 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.