Institutional
Godshalk Welsh Capital Management, Inc.
CIK 0001631775
$172.5M
Reported AUM
129
Positions
Q1 2026
Period
2026-05-13
Filed
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.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | $307.34 | -1.25% | 51.31% | 116.17% | $8.2M | 4.75% | −365 | −1.1% |
| 2 | MSFT | Microsoft Corporation | $416.67 | -2.66% | -10.71% | 52.39% | $7.3M | 4.25% | −260 | −1.3% |
| 3 | COST | Costco Wholesale Corp | $971.87 | -0.05% | -3.70% | 138.72% | $5.6M | 3.26% | −27 | −0.5% |
| 4 | GOOGL | Alphabet Inc Cl A | $368.53 | -0.98% | 112.92% | 175.80% | $5.1M | 2.98% | −141 | −0.8% |
| 5 | ORCL | Oracle Corp | $213.68 | -9.59% | 24.02% | 162.37% | $4.3M | 2.51% | −250 | −0.8% |
| 6 | BRK/B | Berkshire Hathaway Inc Cl B | — | — | — | — | $4.3M | 2.51% | −525 | −5.5% |
| 7 | IBDT | iShares iBonds Dec 2028 Term C | $25.15 | -0.24% | 5.06% | 5.11% | $3.5M | 2.04% | +15,850 | +12.9% |
| 8 | GMED | Globus Medical Inc A | $80.00 | 0.00% | 33.51% | -3.81% | $3.4M | 2.00% | — | HELD |
| 9 | GOOG | Alphabet Inc Cl C | $365.76 | -0.95% | 109.82% | 172.71% | $3.3M | 1.89% | — | HELD |
| 10 | AXP | American Express | $310.66 | -0.60% | 3.78% | 93.56% | $3.2M | 1.88% | −85 | −0.8% |
| 11 | INTU | Intuit Inc | $296.76 | -1.73% | -61.23% | -42.11% | $3.2M | 1.85% | −40 | −0.5% |
| 12 | IWM | iShares Russell 2000 Index | $281.65 | -3.55% | 34.35% | 35.27% | $3.2M | 1.83% | −25 | −0.2% |
| 13 | IBDU | iShares iBonds Dec 2029 Term C | $23.05 | -0.26% | 5.36% | 4.01% | $3.1M | 1.79% | +32,850 | +32.9% |
| 14 | IBDS | iShares iBonds Dec 2027 Term C | $24.16 | 0.00% | 5.08% | 6.49% | $3.0M | 1.76% | +13,710 | +12.3% |
| 15 | WRB | WR Berkley Corp | $68.57 | 3.41% | -5.14% | 135.45% | $3.0M | 1.74% | −112 | −0.2% |
| 16 | JNJ | Johnson & Johnson | $232.77 | 2.02% | 53.90% | 55.59% | $2.9M | 1.67% | −242 | −2.0% |
| 17 | RSP | Invesco S&P 500 Eq Wt | $207.83 | -1.42% | 18.26% | 47.36% | $2.9M | 1.67% | +431 | +3.0% |
| 18 | CSCO | Cisco Systems Inc | $121.64 | -6.43% | 88.37% | 153.46% | $2.9M | 1.67% | −250 | −0.7% |
| 19 | JPM | JP Morgan Chase & Co | $312.37 | 0.48% | 19.84% | 133.52% | $2.8M | 1.62% | −85 | −0.9% |
| 20 | IEFA | iShares Core MSCI EAFE | $95.56 | -2.60% | 18.86% | 46.61% | $2.5M | 1.47% | +225 | +0.8% |
| 21 | FDVV | Fidelity High Dividend | $60.64 | -1.01% | 22.59% | 86.44% | $2.2M | 1.28% | +2,810 | +7.6% |
| 22 | IBDR | iShares iBonds Dec 2026 Term C | $24.19 | 0.04% | 4.79% | 7.24% | $2.2M | 1.27% | +5,650 | +6.7% |
| 23 | CVX | Chevron Corp | $187.31 | -0.55% | 39.19% | 125.88% | $2.2M | 1.26% | −25 | −0.2% |
| 24 | BAC | Bank of America Corp | $53.83 | -0.63% | 23.03% | 58.61% | $2.1M | 1.25% | −250 | −0.6% |
| 25 | IBDV | iShares iBonds Dec 2030 Term C | $21.66 | -0.37% | 5.34% | 1.78% | $2.1M | 1.21% | +33,500 | +54.4% |
| 26 | PG | Procter & Gamble | $146.54 | 4.09% | -8.09% | 17.02% | $2.1M | 1.20% | — | HELD |
| 27 | TJX | TJX Companies Inc | $160.71 | 1.31% | 26.64% | 151.20% | $2.0M | 1.15% | +215 | +1.8% |
| 28 | WM | Waste Management Inc | $220.40 | 0.63% | -4.92% | 60.74% | $1.9M | 1.13% | −285 | −3.3% |
| 29 | HD | Home Depot Inc | $310.78 | 0.27% | -12.61% | 7.24% | $1.8M | 1.07% | −40 | −0.7% |
| 30 | GLW | Corning Inc | $177.58 | -10.18% | 254.02% | 382.70% | $1.8M | 1.06% | −150 | −1.1% |
| 31 | VLO | Valero Energy Corp | $255.82 | -1.17% | — | — | $1.8M | 1.04% | −75 | −1.0% |
| 32 | LOW | Lowes Companies Inc | $210.74 | 1.55% | — | — | $1.8M | 1.02% | −60 | −0.8% |
| 33 | TCAF | T Rowe Price Capital Apprec Eq | $40.03 | -2.17% | — | — | $1.7M | 1.01% | +2,350 | +5.1% |
| 34 | WMT | Walmart Inc | $118.88 | 0.97% | — | — | $1.7M | 0.98% | +245 | +1.8% |
| 35 | ADP | Automatic Data Processing | $231.95 | 0.28% | — | — | $1.6M | 0.94% | — | HELD |
| 36 | SYY | Sysco Corporation | $76.29 | 2.61% | — | — | $1.6M | 0.94% | −40 | −0.2% |
| 37 | RTX | RTX Corp | $180.99 | 0.88% | — | — | $1.6M | 0.90% | −150 | −1.8% |
| 38 | PAYX | Paychex Inc | $100.53 | 1.06% | — | — | $1.5M | 0.89% | −725 | −4.2% |
| 39 | VIG | Vanguard Div Appreciation | $233.28 | -1.37% | — | — | $1.4M | 0.83% | +20 | +0.3% |
| 40 | MRK | Merck & Co | $120.79 | 0.44% | — | — | $1.4M | 0.82% | −420 | −3.4% |
| 41 | SUB | iShares Short Term Nat Muni Bd | $106.41 | -0.05% | — | — | $1.4M | 0.81% | −900 | −6.5% |
| 42 | TSM | Taiwan Semiconductor Mfg ADR | $415.17 | -6.69% | — | — | $1.4M | 0.80% | +30 | +0.7% |
| 43 | PEP | Pepsico Inc | $141.92 | -0.16% | — | — | $1.3M | 0.76% | −25 | −0.3% |
| 44 | IBDW | iShares iBonds Dec 2031 Term C | $20.69 | -0.48% | — | — | $1.3M | 0.75% | +43,000 | +225.7% |
| 45 | PSX | Phillips 66 | $183.08 | -0.58% | — | — | $1.3M | 0.75% | −25 | −0.4% |
| 46 | ECL | Ecolab Inc | $257.97 | 1.43% | — | — | $1.3M | 0.75% | −100 | −2.0% |
| 47 | AOM | iShares Core Moderate Allocati | $49.20 | -1.40% | — | — | $1.3M | 0.75% | +5,425 | +24.9% |
| 48 | MCD | McDonalds Corp | $279.84 | 2.61% | — | — | $1.3M | 0.74% | — | HELD |
| 49 | MUB | iShares National Muni | $106.97 | -0.21% | — | — | $1.2M | 0.71% | −700 | −5.7% |
| 50 | SPY | SPDR S&P 500 | $737.55 | -2.58% | — | — | $1.2M | 0.71% | — | HELD |
| 51 | SBUX | Starbucks Corp | $95.29 | 1.22% | — | — | $1.2M | 0.71% | +110 | +0.8% |
| 52 | IBMQ | iShares iBonds Dec 2028 Term M | $25.51 | 0.00% | — | — | $1.2M | 0.70% | +11,700 | +33.1% |
| 53 | LHX | L3Harris Technologies Inc | $307.83 | -0.63% | — | — | $1.2M | 0.69% | −5 | −0.1% |
| 54 | IBMR | iShares iBonds Dec 2029 Term M | $25.34 | -0.04% | — | — | $1.2M | 0.68% | +14,700 | +47.0% |
| 55 | BX | Blackstone Group Inc | $115.35 | -2.70% | — | — | $1.2M | 0.67% | −15 | −0.1% |
| 56 | COP | ConocoPhillips | $117.14 | -1.75% | — | — | $1.1M | 0.66% | — | HELD |
| 57 | V | Visa Inc | $323.57 | 1.06% | — | — | $1.1M | 0.66% | −35 | −0.9% |
| 58 | ABBV | AbbVie Inc | $227.23 | 1.02% | — | — | $1.1M | 0.65% | −100 | −1.9% |
| 59 | IBMP | iShares iBonds Dec 2027 Term M | $25.37 | 0.04% | — | — | $1.1M | 0.63% | +6,200 | +17.1% |
| 60 | CSX | CSX Corp | $46.99 | 1.64% | — | — | $1.1M | 0.62% | — | HELD |
| 61 | BDX | Becton Dickinson & Co | $151.16 | 1.07% | — | — | $1.1M | 0.61% | +550 | +8.9% |
| 62 | IDA | IdaCorp Incorporated | $141.34 | 1.97% | — | — | $1.0M | 0.61% | — | HELD |
| 63 | IBMO | iShares iBonds Dec 2026 Term M | $25.61 | -0.04% | — | — | $961K | 0.56% | +5,000 | +15.4% |
| 64 | ZTS | Zoetis Inc | $79.44 | -0.10% | — | — | $926K | 0.54% | −115 | −1.4% |
| 65 | YUM | YUM! Brands Inc | $150.87 | 1.88% | — | — | $923K | 0.54% | −20 | −0.3% |
| 66 | UBER | Uber Technologies Inc | $70.71 | -2.08% | — | — | $921K | 0.53% | −235 | −1.8% |
| 67 | IWY | iShares Russell Top 200 Growth | $288.04 | -3.23% | — | — | $898K | 0.52% | — | HELD |
| 68 | NEE | NextEra Energy Inc | $85.84 | 0.19% | — | — | $851K | 0.49% | −500 | −5.2% |
| 69 | RPM | RPM International | $104.96 | 0.76% | — | — | $830K | 0.48% | −200 | −2.3% |
| 70 | IBMS | iShares iBonds Dec 2030 Term M | $25.86 | -0.12% | — | — | $827K | 0.48% | +3,900 | +13.9% |
| 71 | AMT | American Tower Corp | $194.12 | 0.11% | — | — | $809K | 0.47% | −985 | −17.4% |
| 72 | VNQ | Vanguard REIT | $96.79 | 0.72% | — | — | $717K | 0.42% | — | HELD |
| 73 | — | Cigna Corp | — | — | — | — | $708K | 0.41% | — | HELD |
| 74 | HON | Honeywell International Inc | $213.97 | -1.69% | — | — | $692K | 0.40% | +100 | +3.4% |
| 75 | LMT | Lockheed Martin Corp | $523.76 | 0.91% | — | — | $665K | 0.39% | — | HELD |
| 76 | IUSG | iShares Core S&P US Growth | $184.13 | -3.72% | — | — | $660K | 0.38% | — | HELD |
| 77 | QQQ | Invesco QQQ Trust | $705.06 | -4.80% | — | — | $655K | 0.38% | −50 | −4.2% |
| 78 | DGX | Quest Diagnostics Inc | $200.29 | 2.13% | — | — | $642K | 0.37% | −25 | −0.8% |
| 79 | AOR | iShares Core Growth Allocation | $68.28 | -1.97% | — | — | $617K | 0.36% | +127 | +1.3% |
| 80 | SOLS | Solstice Advanced Materials In | $81.02 | -3.70% | — | — | $616K | 0.36% | +751 | +10.2% |
| 81 | SPHY | SPDR Portfolio High Yield Bond | $23.27 | -0.39% | — | — | $612K | 0.35% | — | HELD |
| 82 | CL | Colgate-Palmolive Co | $88.58 | 4.09% | — | — | $597K | 0.35% | −150 | −2.1% |
| 83 | MDLZ | Mondelez Intl Inc Cl A | $62.04 | 1.72% | — | — | $581K | 0.34% | −1,650 | −14.1% |
| 84 | MMM | 3M Co | $153.76 | 0.65% | — | — | $546K | 0.32% | — | HELD |
| 85 | UNH | UnitedHealth Group Inc | $399.47 | 0.76% | — | — | $526K | 0.31% | — | HELD |
| 86 | WCN | Waste Connections Inc | $155.22 | 0.82% | — | — | $515K | 0.30% | — | HELD |
| 87 | EEMV | iShares MSCI EmergMkt Min Vol | $71.56 | -4.69% | — | — | $505K | 0.29% | — | HELD |
| 88 | WAT | Waters Corp | $365.36 | -2.95% | — | — | $496K | 0.29% | +1,665 | NEW |
| 89 | MA | Mastercard Inc | $491.08 | 1.93% | — | — | $480K | 0.28% | — | HELD |
| 90 | WTRG | Essential Utilities Inc | $37.36 | 1.66% | — | — | $461K | 0.27% | −7,275 | −38.9% |
| 91 | ED | Consolidated Edison Inc | $106.26 | 2.09% | — | — | $456K | 0.26% | −100 | −2.4% |
| 92 | AMGN | Amgen Inc | $349.58 | 1.15% | — | — | $452K | 0.26% | — | HELD |
| 93 | CAVA | Cava Group Inc | $72.60 | 1.18% | — | — | $447K | 0.26% | — | HELD |
| 94 | XOM | Exxon Mobil Corp | $149.92 | -1.39% | — | — | $437K | 0.25% | — | HELD |
| 95 | IBMT | iShares iBonds Dec 2031 Term M | $25.74 | -0.10% | — | — | $436K | 0.25% | +7,000 | +70.0% |
| 96 | NOK | Applied Materials Inc | $14.38 | -13.48% | — | — | $436K | 0.25% | — | HELD |
| 97 | LSI | Labcorp Hldgs Inc. | — | — | — | — | $419K | 0.24% | — | HELD |
| 98 | EBAY | eBay Inc | $109.35 | 0.18% | — | — | $391K | 0.23% | — | HELD |
| 99 | EFA | iShares MSCI EAFE Index | $102.26 | -2.56% | — | — | $389K | 0.23% | — | HELD |
| 100 | MET | MetLife Inc | $84.49 | 1.23% | — | — | $382K | 0.22% | −100 | −1.8% |
| 101 | AWK | American Water Works Inc | $124.47 | 1.82% | — | — | $371K | 0.22% | −200 | −6.8% |
| 102 | TGT | Target Corporation | — | — | — | — | $364K | 0.21% | −200 | −6.3% |
| 103 | RSG | Republic Services Inc | — | — | — | — | $356K | 0.21% | — | HELD |
| 104 | VCR | Vgd Consumer Discretionary | — | — | — | — | $343K | 0.20% | — | HELD |
| 105 | VTI | Vanguard Total Stock Mkt | — | — | — | — | $323K | 0.19% | — | HELD |
| 106 | ABT | Abbott Laboratories | — | — | — | — | $321K | 0.19% | — | HELD |
| 107 | UNP | Union Pacific Corp | — | — | — | — | $315K | 0.18% | — | HELD |
| 108 | VGT | Vanguard Info Technology | — | — | — | — | $300K | 0.17% | — | HELD |
| 109 | KO | Coca-Cola Company | — | — | — | — | $297K | 0.17% | — | HELD |
| 110 | MAS | Masco Corp | — | — | — | — | $296K | 0.17% | — | HELD |
| 111 | BHP | BHP Billiton Ltd ADR | — | — | — | — | $295K | 0.17% | — | HELD |
| 112 | ABNB | Airbnb Inc | — | — | — | — | $285K | 0.17% | — | HELD |
| 113 | MKL | Markel Corp | — | — | — | — | $283K | 0.16% | +25 | +20.3% |
| 114 | BIV | Vgd Int Term Bond Index Fund | — | — | — | — | $277K | 0.16% | +104 | +3.0% |
| 115 | BSV | Vanguard Short Term Bond Index | — | — | — | — | $264K | 0.15% | +107 | +3.3% |
| 116 | SCHA | Schwab US Small Cap | — | — | — | — | $256K | 0.15% | — | HELD |
| 117 | ADI | Analog Devices Inc | — | — | — | — | $255K | 0.15% | — | HELD |
| 118 | COF | Capital One Financial (DH) | — | — | — | — | $244K | 0.14% | +455 | +51.4% |
| 119 | IBM | IBM Corp | — | — | — | — | $242K | 0.14% | — | HELD |
| 120 | SO | Southern Company | — | — | — | — | $241K | 0.14% | — | HELD |
| 121 | CB | Chubb Limited | — | — | — | — | $241K | 0.14% | — | HELD |
| 122 | CTVA | Corteva Inc | — | — | — | — | $239K | 0.14% | +2,852 | NEW |
| 123 | HLT | Hilton Worldwide Hldgs | — | — | — | — | $236K | 0.14% | — | HELD |
| 124 | HSY | Hershey Company | — | — | — | — | $229K | 0.13% | — | HELD |
| 125 | CLX | Clorox Company | — | — | — | — | $225K | 0.13% | — | HELD |
| 126 | VZ | Verizon Communications | — | — | — | — | $223K | 0.13% | +4,433 | NEW |
| 127 | Q | Qnity Electronics Inc | — | — | — | — | $222K | 0.13% | +1,924 | NEW |
| 128 | SPG | Simon Property Group | — | — | — | — | $210K | 0.12% | — | HELD |
| 129 | AEP | American Electric Power Co | — | — | — | — | $210K | 0.12% | +1,600 | NEW |
| 130 | NSRGY | Nestle SA ADR | — | — | — | — | — | — | −10,250 | EXITED |
| 131 | ADBE | Adobe Systems Inc | — | — | — | — | — | — | −890 | EXITED |
| 132 | LLY | Lilly Eli & Co | — | — | — | — | — | — | −225 | EXITED |
| 133 | DHR | Danaher Corp | — | — | — | — | — | — | −1,000 | EXITED |
| 134 | ELV | Elevance Health | — | — | — | — | — | — | −625 | EXITED |
| 135 | STN | Stantec Inc | — | — | — | — | — | — | −2,200 | EXITED |
| 136 | EMR | Emerson Electric Co | — | — | — | — | — | — | −1,400 | EXITED |
| 137 | PGX | Invesco Preferred | — | — | — | — | — | — | −14,900 | EXITED |
Source: SEC EDGAR · accession 0001631775-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.