Fund HoldingsGodshalk Welsh Capital Management, Inc.

Total Portfolio Value
$175.11M
Total Bought
$8.53M
Total Sold
$14.31M
Net Transaction
-$5.78M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
Fidelity High Dividend037,109+37,10902,1041.20%+2,104
Alphabet Inc Cl A(GOOG)18,34518,015-3304,4605,6393.22%+1,179
Alphabet Inc Cl C(GOOG)11,34011,34002,7623,5582.03%+797
iShares iBonds Dec 2029 Term C66,45099,900+33,4501,5602,3381.34%+779
Globus Medical Inc A(GMED)040,000+40,00003,4921.99%+3,492
Invesco Preferred79,00095,550+16,5501,3181,9301.10%+612
iShares iBonds Dec 2028 Term C
IBDS DEC28 ETF
101,600123,000+21,4002,5933,1311.79%+538
iShares iBonds Dec 2030 Term M
IBONDS DEC 2030
9,00028,100+19,1002357320.42%+498
Apple Inc(AAPL)33,32732,667-6608,4868,8815.07%+395
Solstice Advanced Materials In(SOLS)07,337+7,33703560.20%+356
Cisco Systems Inc(CSCO)037,320+37,32002,8751.64%+2,875
American Express(AXP)11,18510,795-3903,7153,9942.28%+278
iShares iBonds Dec 2031 Term M
IBONDS DEC 2031
010,000+10,00002600.15%+260
Johnson & Johnson(JNJ)12,04112,04102,2332,4921.42%+259
Merck & Co(MRK)12,35512,205-1501,0371,2850.73%+248
Lilly Eli & Co(LLY)0225+22502420.14%+242
iShares iBonds Dec 2027 Term C
IBONDS 27 ETF
101,750111,625+9,8752,4772,7101.55%+234
Danaher Corp(DHR)01,000+1,00002290.13%+229
Analog Devices Inc(ADI)0800+80002170.12%+217
Capital One Financial (DH)(COF)0885+88502140.12%+214
iShares Core Moderate Allocati17,82721,799+3,9728481,0400.59%+192
iShares iBonds Dec 2029 Term M23,80031,300+7,5006087960.45%+188
Emerson Electric Co(EMR)01,400+1,40001860.11%+186
iShares iBonds Dec 2026 Term C
IBONDS DEC2026
77,15084,375+7,2251,8752,0441.17%+170
iShares iBonds Dec 2028 Term M
IBONDS DEC 28
29,30035,300+6,0007519030.52%+152
Taiwan Semiconductor Mfg ADR(TSM)3,9304,060+1301,0981,2340.70%+136
RTX Corp(RTX)8,2218,22101,3761,5080.86%+132
Invesco S&P 500 Eq Wt
S&P500 EQL WGT
14,08214,588+5062,6712,7941.60%+123
Walmart Inc(WMT)13,33013,380+501,3741,4910.85%+117
iShares National Muni11,27512,250+9751,2011,3120.75%+111
Bank of America Corp45,22044,320-9002,3332,4381.39%+105
iShares iBonds Dec 2026 Term M
IBONDS DEC 26
28,50032,500+4,0007318330.48%+102
iShares iBonds Dec 2027 Term M
IBONDS DEC 27
32,30036,300+4,0008239220.53%+99
T Rowe Price Capital Apprec Eq
CAP APPRECIATION
45,02546,525+1,5001,6971,7781.02%+81
TJX Companies Inc(TJX)12,49012,250-2401,8051,8821.07%+76
Amgen Inc(AMGN)1,2351,285+503494210.24%+72
Corning Inc(GLW)13,65013,575-751,1201,1890.68%+69
Applied Materials Inc(NOK)1,2751,27502613280.19%+67
iShares Core MSCI EAFE
CORE MSCI EAFE
27,71427,765+512,4202,4841.42%+64
Airbnb Inc2,0552,255+2002503060.17%+57
Markel Corp(MKL)112123+112142640.15%+50
iShares Russell 2000 Index12,76212,747-153,0883,1381.79%+50
Visa Inc(V)03,780+3,78001,3260.76%+1,326
Becton Dickinson & Co(BDX)6,1756,165-101,1561,1960.68%+41
Pepsico Inc(PEP)8,3258,425+1001,1691,2090.69%+40
iShares Short Term Nat Muni Bd13,62513,950+3251,4551,4880.85%+34
JP Morgan Chase & Co(JPM)9,6909,580-1103,0573,0871.76%+30
SPDR S&P 500(SPY)1,8751,87501,2491,2790.73%+30
Exxon Mobil Corp2,5252,575+502853100.18%+25
Vanguard Div Appreciation6,6306,614-161,4311,4540.83%+23
Chubb Limited
COM
74074002092310.13%+22
Hilton Worldwide Hldgs(HLT)77577502012230.13%+22
Nestle SA ADR10,80010,250-5509911,0120.58%+21
NextEra Energy Inc(NEE)10,0009,660-3407557760.44%+21
CSX Corp(CSX)25,89025,89009199390.54%+19
3M Co(MMM)3,7603,76005836020.34%+18
Elevance Health(ELV)0625+62502190.13%+219
IBM Corp(IBM)1,0001,00002822960.17%+14
Coca-Cola Company(KO)03,900+3,90002730.16%+273
iShares Russell Top 200 Growth3,6103,609-19889990.57%+12
iShares MSCI EAFE Index4,0004,00003733840.22%+11
iShares Core Growth Allocation9,4079,464+576066150.35%+10
Vanguard Short Term Bond Index03,261+3,26102570.15%+257
Vgd Int Term Bond Index Fund03,483+3,48302710.15%+271
Vanguard Total Stock Mkt1,0061,00603303370.19%+7
Schwab US Small Cap8,8008,80002462510.14%+5
BHP Billiton Ltd ADR4,3004,050-2502402440.14%+5
iShares Core S&P US Growth4,3154,255-607107150.41%+5
Vanguard Info Technology
INF TECH ETF
43043003213240.19%+3
McDonalds Corp(MCD)4,1254,110-151,2541,2560.72%+3
Mastercard Inc(MA)96096005465480.31%+2
iShares MSCI EmergMkt Min Vol7,8007,80004985000.29%+2
Cava Group Inc(CAVA)05,525+5,52503240.19%+324
Simon Property Group(SPG)01,125+1,12502080.12%+208
Vgd Consumer Discretionary
CONSUM DIS ETF
960955-53803760.21%-4
Starbucks Corp(SBUX)013,500+13,50001,1370.65%+1,137
Hershey Company(HSY)1,1001,10002062000.11%-6
Union Pacific Corp(UNP)1,3001,30003073010.17%-7
Colgate-Palmolive Co(CL)07,160+7,16005660.32%+566
ConocoPhillips(COP)8,6808,68008218130.46%-9
Consolidated Edison Inc(ED)4,1754,125-504204100.23%-10
Vanguard REIT7,9358,085+1507257150.41%-10
Chevron Corp(CVX)10,37510,500+1251,6111,6000.91%-11
Honeywell International Inc(HON)02,960+2,96005770.33%+577
Invesco QQQ Trust1,2351,185-507417280.42%-13
eBay Inc(EBAY)4,3004,30003913750.21%-17
Lockheed Martin Corp(LMT)1,1001,10005495320.30%-17
MetLife Inc(MET)5,5005,50004534340.25%-19
Southern Company(SO)2,5002,50002372180.12%-19
Waste Management Inc(WM)08,740+8,74001,9201.10%+1,920
AbbVie Inc(ABBV)5,3065,281-251,2291,2070.69%-22
Stantec Inc(STN)2,2002,20002372080.12%-30
Abbott Laboratories3,1503,125-254223920.22%-30
Masco Corp(MAS)4,9004,90003453110.18%-34
Cigna Corp02,655+2,65507310.42%+731
L3Harris Technologies Inc(LHX)3,4403,44001,0511,0100.58%-41
IdaCorp Incorporated(IDA)7,3367,33609699280.53%-41
SPDR Portfolio High Yield Bond
ST PORT HIGH ETF
27,75026,250-1,5006646210.35%-43
Republic Services Inc(RSG)01,625+1,62503440.20%+344
Phillips 66(PSX)7,1257,12509699190.53%-50
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