Q2 2026 13F · SEC CIK 1631775

Godshalk Welsh Capital Management, Inc.

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $185.6M
Reported positions: 137
Top holdings a year, 3 yrs: +13.3%
Assets under management: $290.5M

Godshalk Welsh Capital Management, Inc. is a wealth manager that reported 137 positions worth $185.6M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Apple Inc (AAPL, 5.0%), Microsoft Corp (MSFT, 4.0%), Alphabet Inc (GOOGL, 3.4%). A portfolio copying its top holdings returned 13.3% a year over the last 3 years, against 20.4% for the S&P 500.

Godshalk Welsh Capital Management, Inc. holdings largest 50 of 137 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Godshalk Welsh Capital Management, Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
AAPLApple Inc	5.0%	4.8%	32,177	-0.4%	$9.3M
MSFTMicrosoft Corp	4.0%	4.3%	19,725	-0.5%	$7.4M
GOOGLAlphabet Inc	3.4%	3.0%	17,769	-0.6%	$6.4M
COSTCostco Whsl Corp New	2.9%	3.3%	5,674	+0.4%	$5.3M
BRK-BBerkshire Hathaway Inc Del	2.4%	2.5%	8,813	-2.4%	$4.4M
ORCLOracle Corp	2.3%	2.5%	29,360	-0.3%	$4.3M
CSCOCisco Sys Inc	2.3%	1.7%	36,395	-1.8%	$4.3M
GOOGAlphabet Inc	2.2%	1.9%	11,340	+0.0%	$4.0M
IWMIshares	2.1%	1.8%	12,720	-0.0%	$3.8M
IBDTIshares Tr	2.0%	2.0%	144,850	+4.3%	$3.7M
AXPAmerican Express Co Com	2.0%	1.9%	10,745	+0.3%	$3.6M
GLWCorning Inc.	1.8%	1.1%	13,350	-0.6%	$3.4M
RSPInvesco S&p 500 Equal Weight ETF	1.7%	1.7%	15,205	+1.2%	$3.2M
WRBW. R. Berkley Corp.	1.7%	1.7%	45,158	+0.0%	$3.2M
IBDUIshares Tr ETF Ibonds Dec 2029 Term Corp	1.7%	1.8%	136,800	+3.1%	$3.2M
GMEDGlobus Med Inc	1.7%	2.0%	40,000	+0.0%	$3.2M
JPMJpmorgan Chase & Co	1.7%	1.6%	9,370	-1.3%	$3.1M
IBDSIshares Tr	1.7%	1.8%	126,585	+1.0%	$3.1M
JNJJohnson & Johnson	1.6%	1.7%	11,701	-0.8%	$3.0M
IEFAIshares Core Msci Eafe ETF	1.4%	1.5%	27,845	-0.5%	$2.7M
BACBank of Amer Corp	1.3%	1.2%	43,870	-0.5%	$2.5M
FDVVFidelity High Dividend ETF Total	1.3%	1.3%	41,104	+3.0%	$2.5M
IBDVIshares Tr ETF Ibonds Dec 2030 Term Corp	1.2%	1.2%	101,850	+7.1%	$2.2M
IBDRIshares Tr ETF Ibonds Dec 2026 Term Corp	1.2%	1.3%	90,125	+0.1%	$2.2M
TCAFT Rowe Price ETF Inc Capital Appreciatio	1.1%	1.0%	51,500	+5.4%	$2.1M
PGProcter & Gamble Co Com	1.1%	1.2%	14,345	+0.0%	$2.1M
HDHome Depot Inc Com	1.1%	1.1%	5,614	-0.1%	$2.0M
TSMTaiwan Semiconductor Manufac	1.0%	0.8%	4,065	-0.6%	$1.9M
TJXTjx Cos Inc New Com	1.0%	1.2%	12,565	+0.8%	$1.9M
SYYSysco Corp	1.0%	0.9%	22,500	-0.7%	$1.9M
VLOValero Energy Corp	1.0%	1.0%	7,200	-0.7%	$1.9M
WMWaste Mgmt Inc Del	1.0%	1.1%	8,355	-1.2%	$1.9M
ADPAutomatic Data Processing Inc Com	1.0%	0.9%	7,975	+0.0%	$1.8M
INTUIntuit	0.9%	1.9%	6,670	-9.7%	$1.7M
CVXChevron Corp New	0.9%	1.3%	10,475	+0.0%	$1.7M
LOWLowes Cos Inc	0.9%	1.0%	7,480	+0.0%	$1.6M
PAYXPaychex Inc	0.9%	0.9%	16,655	+0.0%	$1.6M
WMTWalmart Inc	0.8%	1.0%	13,835	+1.5%	$1.6M
RTXRtx Corporation Com	0.8%	0.9%	8,021	-0.6%	$1.5M
MRKMerck & Co. Inc	0.8%	0.8%	11,735	-0.4%	$1.5M
VIGVanguard Dividend Appreciation ETF	0.8%	0.8%	6,234	-6.0%	$1.5M
IBDWIshares Tr	0.8%	0.8%	68,550	+10.5%	$1.4M
SPYSpdr S&p 500 ETF Tr	0.8%	0.7%	1,875	+0.0%	$1.4M
SBUXStarbucks Corp Com	0.7%	—	13,610	—	$1.4M
SUBIshares Tr	0.7%	0.8%	12,850	-1.5%	$1.4M
AOMIshares Tr	0.7%	0.7%	27,229	+0.0%	$1.4M
ECLEcolab Inc	0.7%	0.8%	4,860	+0.0%	$1.4M
ABBVAbbvie Inc	0.7%	—	5,181	—	$1.3M
VVisa Inc Com Cl A	0.7%	—	3,745	—	$1.3M
IBMQIshares Tr	0.7%	—	49,500	—	$1.3M

What Godshalk Welsh Capital Management, Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +4.1% /yr; S&P 500 +20.1%
3 years: +13.3% /yr; S&P 500 +20.4%
5 years: +6.2% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$185.6M	137
Q1 2026	$172.5M	129
Q4 2025	$175.1M	132
Q3 2025	$174.3M	131
Q2 2025	$162.3M	130
Q1 2025	$152.9M	121
Q4 2024	$154.9M	120
Q3 2024	$158.2M	124
Q2 2024	$150.0M	119
Q1 2024	$148.8M	121
Q4 2023	$139.2M	117
Q3 2023	$132.5M	114

Questions about Godshalk Welsh Capital Management, Inc.'s portfolio

What stocks does Godshalk Welsh Capital Management, Inc. own?

Godshalk Welsh Capital Management, Inc.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 137 positions worth $185.6M. The largest are Apple Inc (AAPL) at 5.0%, Microsoft Corp (MSFT) at 4.0%, Alphabet Inc (GOOGL) at 3.4%, Costco Whsl Corp New (COST) at 2.9% and Berkshire Hathaway Inc Del (BRK-B) at 2.4%.

What did Godshalk Welsh Capital Management, Inc. buy last quarter?

In Q2 2026, Godshalk Welsh Capital Management, Inc. added Ishares Tr (IBDW) (+10.5% shares), Ishares Tr ETF Ibonds Dec 2030 Term Corp (IBDV) (+7.1% shares) and T Rowe Price ETF Inc Capital Appreciatio (TCAF) (+5.4% shares), compared with its Q1 2026 filing.

What did Godshalk Welsh Capital Management, Inc. sell last quarter?

In Q2 2026, Godshalk Welsh Capital Management, Inc. cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Phillips 66 (PSX), cut from its top 50 Mcdonalds Corp Com (MCD), cut from its top 50 Ishares National Muni Bond ETF (MUB), Intuit (INTU) (-9.7% shares) and Vanguard Dividend Appreciation ETF (VIG) (-6.0% shares), compared with its Q1 2026 filing.

How has Godshalk Welsh Capital Management, Inc.'s portfolio performed?

A portfolio copying Godshalk Welsh Capital Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +4.1% against +20.1%. Over 5 years: +6.2% a year against +11.6%.

When is Godshalk Welsh Capital Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Godshalk Welsh Capital Management, Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Godshalk Welsh Capital Management, Inc. manage?

Godshalk Welsh Capital Management, Inc. reported $290.5M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $185.6M.