Q1 2026 · 13F-HR
Godshalk Welsh Capital Management, Inc.holdings as filed
Filed 2026-05-13 · accession 0001631775-26-000002
$172.5M
Reported value
129
Positions
2026-03-31
Period end
The Brief · Godshalk Welsh Capital Management, Inc. · Q1 2026
AI · grounded in 13F
Godshalk Welsh Capital Management, Inc. closed its position in Nestle SA ADR NSRGY, reducing its holdings by $1,012,495. The fund significantly increased its exposure to iShares iBonds Dec 2031 Term C IBDW, growing the position by 225.72%. Other notable additions include iShares iBonds Dec 2030 Term C IBDV and iShares iBonds Dec 2029 Term C IBDU. The fund also trimmed stakes in Microsoft Corporation MSFT and Apple Inc AAPL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 037833100 | AAPL | Apple Inc | $8.2M | 4.75% | 32,302 | Common | NONE |
| 594918104 | MSFT | Microsoft Corporation | $7.3M | 4.25% | 19,815 | Common | NONE |
| 22160K105 | COST | Costco Wholesale Corp | $5.6M | 3.26% | 5,649 | Common | NONE |
| 02079K305 | GOOGL | Alphabet Inc Cl A | $5.1M | 2.98% | 17,874 | Common | NONE |
| 68389X105 | ORCL | Oracle Corp | $4.3M | 2.51% | 29,460 | Common | NONE |
| 084670702 | BRK/B | Berkshire Hathaway Inc Cl B | $4.3M | 2.51% | 9,033 | Common | NONE |
| 46435U515 | IBDT | iShares iBonds Dec 2028 Term C | $3.5M | 2.04% | 138,850 | Common | NONE |
| 379577208 | GMED | Globus Medical Inc A | $3.4M | 2.00% | 40,000 | Common | NONE |
| 02079K107 | GOOG | Alphabet Inc Cl C | $3.3M | 1.89% | 11,340 | Common | NONE |
| 025816109 | AXP | American Express | $3.2M | 1.88% | 10,710 | Common | NONE |
| 461202103 | INTU | Intuit Inc | $3.2M | 1.85% | 7,385 | Common | NONE |
| 464287655 | IWM | iShares Russell 2000 Index | $3.2M | 1.83% | 12,722 | Common | NONE |
| 46436E205 | IBDU | iShares iBonds Dec 2029 Term C | $3.1M | 1.79% | 132,750 | Common | NONE |
| 46435UAA9 | IBDS | iShares iBonds Dec 2027 Term C | $3.0M | 1.76% | 125,335 | Common | NONE |
| 084423102 | WRB | WR Berkley Corp | $3.0M | 1.74% | 45,158 | Common | NONE |
| 478160104 | JNJ | Johnson & Johnson | $2.9M | 1.67% | 11,799 | Common | NONE |
| 46137V357 | RSP | Invesco S&P 500 Eq Wt | $2.9M | 1.67% | 15,019 | Common | NONE |
| 17275R102 | CSCO | Cisco Systems Inc | $2.9M | 1.67% | 37,070 | Common | NONE |
| 46625H100 | JPM | JP Morgan Chase & Co | $2.8M | 1.62% | 9,495 | Common | NONE |
| 46432F842 | IEFA | iShares Core MSCI EAFE | $2.5M | 1.47% | 27,990 | Common | NONE |
| 316092840 | FDVV | Fidelity High Dividend | $2.2M | 1.28% | 39,919 | Common | NONE |
| 46435GAA0 | IBDR | iShares iBonds Dec 2026 Term C | $2.2M | 1.27% | 90,025 | Common | NONE |
| 166764100 | CVX | Chevron Corp | $2.2M | 1.26% | 10,475 | Common | NONE |
| 060505104 | BAC | Bank of America Corp | $2.1M | 1.25% | 44,070 | Common | NONE |
| 46436E726 | IBDV | iShares iBonds Dec 2030 Term C | $2.1M | 1.21% | 95,100 | Common | NONE |
| 742718109 | PG | Procter & Gamble | $2.1M | 1.20% | 14,345 | Common | NONE |
| 872540109 | TJX | TJX Companies Inc | $2.0M | 1.15% | 12,465 | Common | NONE |
| 94106L109 | WM | Waste Management Inc | $1.9M | 1.13% | 8,455 | Common | NONE |
| 437076102 | HD | Home Depot Inc | $1.8M | 1.07% | 5,619 | Common | NONE |
| 219350105 | GLW | Corning Inc | $1.8M | 1.06% | 13,425 | Common | NONE |
| 91913Y100 | VLO | Valero Energy Corp | $1.8M | 1.04% | 7,250 | Common | NONE |
| 548661107 | LOW | Lowes Companies Inc | $1.8M | 1.02% | 7,480 | Common | NONE |
| 87283Q867 | TCAF | T Rowe Price Capital Apprec Eq | $1.7M | 1.01% | 48,875 | Common | NONE |
| 931142103 | WMT | Walmart Inc | $1.7M | 0.98% | 13,625 | Common | NONE |
| 053015103 | ADP | Automatic Data Processing | $1.6M | 0.94% | 7,975 | Common | NONE |
| 871829107 | SYY | Sysco Corporation | $1.6M | 0.94% | 22,650 | Common | NONE |
| 75513E101 | RTX | RTX Corp | $1.6M | 0.90% | 8,071 | Common | NONE |
| 704326107 | PAYX | Paychex Inc | $1.5M | 0.89% | 16,655 | Common | NONE |
| 921908844 | VIG | Vanguard Div Appreciation | $1.4M | 0.83% | 6,634 | Common | NONE |
| 58933Y105 | MRK | Merck & Co | $1.4M | 0.82% | 11,785 | Common | NONE |
| 464288158 | SUB | iShares Short Term Nat Muni Bd | $1.4M | 0.81% | 13,050 | Common | NONE |
| 874039100 | TSM | Taiwan Semiconductor Mfg ADR | $1.4M | 0.80% | 4,090 | Common | NONE |
| 713448108 | PEP | Pepsico Inc | $1.3M | 0.76% | 8,400 | Common | NONE |
| 46436E486 | IBDW | iShares iBonds Dec 2031 Term C | $1.3M | 0.75% | 62,050 | Common | NONE |
| 718546104 | PSX | Phillips 66 | $1.3M | 0.75% | 7,100 | Common | NONE |
| 278865100 | ECL | Ecolab Inc | $1.3M | 0.75% | 4,860 | Common | NONE |
| 464289875 | AOM | iShares Core Moderate Allocati | $1.3M | 0.75% | 27,224 | Common | NONE |
| 580135101 | MCD | McDonalds Corp | $1.3M | 0.74% | 4,110 | Common | NONE |
| 464288414 | MUB | iShares National Muni | $1.2M | 0.71% | 11,550 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 | $1.2M | 0.71% | 1,875 | Common | NONE |
| 855244109 | SBUX | Starbucks Corp | $1.2M | 0.71% | 13,610 | Common | NONE |
| 46435U325 | IBMQ | iShares iBonds Dec 2028 Term M | $1.2M | 0.70% | 47,000 | Common | NONE |
| 502431109 | LHX | L3Harris Technologies Inc | $1.2M | 0.69% | 3,435 | Common | NONE |
| 46436E163 | IBMR | iShares iBonds Dec 2029 Term M | $1.2M | 0.68% | 46,000 | Common | NONE |
| 09260D107 | BX | Blackstone Group Inc | $1.2M | 0.67% | 10,005 | Common | NONE |
| 20825C104 | COP | ConocoPhillips | $1.1M | 0.66% | 8,680 | Common | NONE |
| 92826C839 | V | Visa Inc | $1.1M | 0.66% | 3,745 | Common | NONE |
| 00287Y109 | ABBV | AbbVie Inc | $1.1M | 0.65% | 5,181 | Common | NONE |
| 46435U283 | IBMP | iShares iBonds Dec 2027 Term M | $1.1M | 0.63% | 42,500 | Common | NONE |
| 126408103 | CSX | CSX Corp | $1.1M | 0.62% | 25,890 | Common | NONE |
| 075887109 | BDX | Becton Dickinson & Co | $1.1M | 0.61% | 6,715 | Common | NONE |
| 451107106 | IDA | IdaCorp Incorporated | $1.0M | 0.61% | 7,336 | Common | NONE |
| 46435U259 | IBMO | iShares iBonds Dec 2026 Term M | $961,125 | 0.56% | 37,500 | Common | NONE |
| 98978V103 | ZTS | Zoetis Inc | $926,175 | 0.54% | 7,835 | Common | NONE |
| 988498101 | YUM | YUM! Brands Inc | $922,774 | 0.54% | 5,935 | Common | NONE |
| 90353T100 | UBER | Uber Technologies Inc | $920,704 | 0.53% | 12,800 | Common | NONE |
| 464289438 | IWY | iShares Russell Top 200 Growth | $898,064 | 0.52% | 3,609 | Common | NONE |
| 65339F101 | NEE | NextEra Energy Inc | $850,781 | 0.49% | 9,160 | Common | NONE |
| 749685103 | RPM | RPM International | $830,487 | 0.48% | 8,355 | Common | NONE |
| 46438G687 | IBMS | iShares iBonds Dec 2030 Term M | $826,560 | 0.48% | 32,000 | Common | NONE |
| 03027X100 | AMT | American Tower Corp | $809,400 | 0.47% | 4,690 | Common | NONE |
| 922908553 | VNQ | Vanguard REIT | $717,140 | 0.42% | 8,085 | Common | NONE |
| 125509109 | — | Cigna Corp | $708,221 | 0.41% | 2,655 | Common | NONE |
| 438516106 | HON | Honeywell International Inc | $691,652 | 0.40% | 3,060 | Common | NONE |
| 539830109 | LMT | Lockheed Martin Corp | $664,829 | 0.39% | 1,100 | Common | NONE |
| 464287671 | IUSG | iShares Core S&P US Growth | $659,993 | 0.38% | 4,255 | Common | NONE |
| 46090E103 | QQQ | Invesco QQQ Trust | $655,099 | 0.38% | 1,135 | Common | NONE |
| 74834L100 | DGX | Quest Diagnostics Inc | $641,835 | 0.37% | 3,275 | Common | NONE |
| 464289867 | AOR | iShares Core Growth Allocation | $617,207 | 0.36% | 9,591 | Common | NONE |
| 83443Q103 | SOLS | Solstice Advanced Materials In | $615,982 | 0.36% | 8,088 | Common | NONE |
| 78468R606 | SPHY | SPDR Portfolio High Yield Bond | $612,150 | 0.35% | 26,250 | Common | NONE |
| 194162103 | CL | Colgate-Palmolive Co | $597,462 | 0.35% | 7,010 | Common | NONE |
| 609207105 | MDLZ | Mondelez Intl Inc Cl A | $580,723 | 0.34% | 10,075 | Common | NONE |
| 88579Y101 | MMM | 3M Co | $546,065 | 0.32% | 3,760 | Common | NONE |
| 91324P102 | UNH | UnitedHealth Group Inc | $526,298 | 0.31% | 1,945 | Common | NONE |
| 94106B101 | WCN | Waste Connections Inc | $514,935 | 0.30% | 3,170 | Common | NONE |
| 464286533 | EEMV | iShares MSCI EmergMkt Min Vol | $504,894 | 0.29% | 7,800 | Common | NONE |
| 941848103 | WAT | Waters Corp | $495,837 | 0.29% | 1,665 | Common | NONE |
| 57636Q104 | MA | Mastercard Inc | $479,674 | 0.28% | 960 | Common | NONE |
| 29670G102 | WTRG | Essential Utilities Inc | $460,528 | 0.27% | 11,436 | Common | NONE |
| 209115104 | ED | Consolidated Edison Inc | $455,550 | 0.26% | 4,025 | Common | NONE |
| 031162100 | AMGN | Amgen Inc | $452,127 | 0.26% | 1,285 | Common | NONE |
| 148929102 | CAVA | Cava Group Inc | $446,973 | 0.26% | 5,525 | Common | NONE |
| 30231G102 | XOM | Exxon Mobil Corp | $436,875 | 0.25% | 2,575 | Common | NONE |
| 46438G356 | IBMT | iShares iBonds Dec 2031 Term M | $436,337 | 0.25% | 17,000 | Common | NONE |
| 654902204 | NOK | Applied Materials Inc | $435,782 | 0.25% | 1,275 | Common | NONE |
| 50540R409 | LSI | Labcorp Hldgs Inc. | $418,892 | 0.24% | 1,570 | Common | NONE |
| 278642103 | EBAY | eBay Inc | $391,386 | 0.23% | 4,300 | Common | NONE |
| 464287465 | EFA | iShares MSCI EAFE Index | $388,520 | 0.23% | 4,000 | Common | NONE |
| 59156R108 | MET | MetLife Inc | $381,888 | 0.22% | 5,400 | Common | NONE |
| 030420103 | AWK | American Water Works Inc | $370,845 | 0.22% | 2,725 | Common | NONE |
| 87612E106 | TGT | Target Corporation | $363,600 | 0.21% | 3,000 | Common | NONE |
| 760759100 | RSG | Republic Services Inc | $355,908 | 0.21% | 1,625 | Common | NONE |
| 92204A108 | VCR | Vgd Consumer Discretionary | $342,874 | 0.20% | 955 | Common | NONE |
| 922908769 | VTI | Vanguard Total Stock Mkt | $322,787 | 0.19% | 1,006 | Common | NONE |
| 002824100 | ABT | Abbott Laboratories | $320,844 | 0.19% | 3,125 | Common | NONE |
| 907818108 | UNP | Union Pacific Corp | $315,406 | 0.18% | 1,300 | Common | NONE |
| 92204A702 | VGT | Vanguard Info Technology | $300,020 | 0.17% | 430 | Common | NONE |
| 191216100 | KO | Coca-Cola Company | $296,595 | 0.17% | 3,900 | Common | NONE |
| 574599106 | MAS | Masco Corp | $295,813 | 0.17% | 4,900 | Common | NONE |
| 088606108 | BHP | BHP Billiton Ltd ADR | $294,597 | 0.17% | 4,050 | Common | NONE |
| 009066101 | ABNB | Airbnb Inc | $284,761 | 0.17% | 2,255 | Common | NONE |
| 570535104 | MKL | Markel Corp | $283,282 | 0.16% | 148 | Common | NONE |
| 921937819 | BIV | Vgd Int Term Bond Index Fund | $276,845 | 0.16% | 3,587 | Common | NONE |
| 921937827 | BSV | Vanguard Short Term Bond Index | $264,054 | 0.15% | 3,368 | Common | NONE |
| 808524607 | SCHA | Schwab US Small Cap | $255,904 | 0.15% | 8,800 | Common | NONE |
| 032654105 | ADI | Analog Devices Inc | $254,512 | 0.15% | 800 | Common | NONE |
| 14040H105 | COF | Capital One Financial (DH) | $244,456 | 0.14% | 1,340 | Common | NONE |
| 459200101 | IBM | IBM Corp | $242,390 | 0.14% | 1,000 | Common | NONE |
| 842587107 | SO | Southern Company | $241,300 | 0.14% | 2,500 | Common | NONE |
| H1467J104 | CB | Chubb Limited | $241,188 | 0.14% | 740 | Common | NONE |
| 22052L104 | CTVA | Corteva Inc | $238,741 | 0.14% | 2,852 | Common | NONE |
| 43300A203 | HLT | Hilton Worldwide Hldgs | $235,662 | 0.14% | 775 | Common | NONE |
| 427866108 | HSY | Hershey Company | $228,679 | 0.13% | 1,100 | Common | NONE |
| 189054109 | CLX | Clorox Company | $225,395 | 0.13% | 2,175 | Common | NONE |
| 92343V104 | VZ | Verizon Communications | $222,537 | 0.13% | 4,433 | Common | NONE |
| 74743L100 | Q | Qnity Electronics Inc | $221,991 | 0.13% | 1,924 | Common | NONE |
| 828806109 | SPG | Simon Property Group | $209,846 | 0.12% | 1,125 | Common | NONE |
| 025537101 | AEP | American Electric Power Co | $209,728 | 0.12% | 1,600 | 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.