Godshalk Welsh Capital Management, Inc.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $9.3M | 32,177 | +0.26pp | 31q | HELD | |
| MICROSOFT CORP | MSFT | $7.4M | 19,725 | -0.29pp | 31q | HELD | |
| ALPHABET INC | GOOGL | $6.4M | 17,769 | +0.44pp | 31q | -0.6%-$37.5K | |
| COSTCO WHOLESALE CORPORATION | COST | $5.3M | 5,674 | -0.40pp | 31q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $4.4M | 8,813 | -0.13pp | 31q | -2.4%-$110.1K | |
| ORACLE CORP | ORCL | $4.3M | 29,360 | -0.19pp | 31q | HELD | |
| CISCO SYS INC | CSCO | $4.3M | 36,395 | +0.64pp | 31q | -1.8%-$79.3K | |
| ALPHABET INC | GOOG | $4.0M | 11,340 | +0.27pp | 31q | HELD | |
| ISHARES TR | IWM | $3.8M | 12,720 | +0.23pp | 31q | HELD | |
| ISHARES TR | IBDT | $3.7M | 144,850 | -0.07pp | 8q | +4.3%+$151.5K | |
| AMERICAN EXPRESS CO | AXP | $3.6M | 10,745 | +0.08pp | 31q | HELD | |
| CORNING INC | GLW | $3.4M | 13,350 | +0.78pp | 16q | -0.6%-$19.2K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $3.2M | 15,205 | +0.07pp | 31q | +1.2%+$39.6K | |
| BERKLEY W R CORP | WRB | $3.2M | 45,158 | -0.02pp | 31q | HELD | |
| ISHARES TR | IBDU | $3.2M | 136,800 | -0.08pp | 6q | +3.1%+$93.8K | |
| GLOBUS MED INC | GMED | $3.2M | 40,000 | -0.30pp | 31q | HELD | |
| JPMORGAN CHASE & CO | JPM | $3.1M | 9,370 | +0.03pp | 31q | -1.3%-$40.9K | |
| ISHARES TR | IBDS | $3.1M | 126,585 | -0.11pp | 10q | DEBT | |
| JOHNSON & JOHNSON | JNJ | $3.0M | 11,701 | -0.07pp | 31q | -0.8%-$24.9K | |
| ISHARES TR | IEFA | $2.7M | 27,845 | -0.02pp | 31q | -0.5%-$14.0K | |
| BANK OF AMER CORP | BAC | $2.5M | 43,870 | +0.10pp | 31q | HELD | |
| FIDELITY COVINGTON TRUST | FDVV | $2.5M | 41,104 | +0.06pp | 14q | +3.0%+$71.4K | |
| ISHARES TR | IBDV | $2.2M | 101,850 | -0.01pp | 5q | +7.1%+$147.2K | |
| ISHARES TR | IBDR | $2.2M | 90,125 | -0.09pp | 11q | DEBT | |
| T ROWE PRICE EXCHANGE-TRADED | TCAF | $2.1M | 51,500 | +0.13pp | 11q | +5.4%+$107.9K | |
| PROCTER & GAMBLE CO | PG | $2.1M | 14,345 | -0.07pp | 31q | HELD | |
| HOME DEPOT INC | HD | $2.0M | 5,614 | flat | 31q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.9M | 4,065 | +0.24pp | 10q | -0.6%-$11.9K | |
| TJX COS INC NEW | TJX | $1.9M | 12,565 | -0.13pp | 31q | +0.8%+$15.2K | |
| SYSCO CORP | SYY | $1.9M | 22,500 | +0.08pp | 31q | -0.7%-$12.5K | |
| VALERO ENERGY CORP | VLO | $1.9M | 7,200 | -0.03pp | 31q | -0.7%-$13.0K | |
| WASTE MGMT INC DEL | WM | $1.9M | 8,355 | -0.12pp | 31q | -1.2%-$22.3K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $1.8M | 7,975 | +0.02pp | 31q | HELD | |
| INTUIT | INTU | $1.7M | 6,670 | -0.91pp | 31q | -9.7%-$186.6K | |
| CHEVRON CORPORATION | CVX | $1.7M | 10,475 | -0.32pp | 31q | HELD | |
| LOWES COS INC | LOW | $1.6M | 7,480 | -0.14pp | 31q | HELD | |
| PAYCHEX INC | PAYX | $1.6M | 16,655 | -0.01pp | 31q | HELD | |
| WALMART INC | WMT | $1.6M | 13,835 | -0.14pp | 31q | +1.5%+$23.8K | |
| RTX CORPORATION | RTX | $1.5M | 8,021 | -0.08pp | 24q | -0.6%-$9.5K | |
| MERCK & CO INC | MRK | $1.5M | 11,735 | -0.01pp | 31q | HELD | |
| VANGUARD SPECIALIZED FUNDS | VIG | $1.5M | 6,234 | -0.03pp | 31q | -6.0%-$94.6K | |
| ISHARES TR | IBDW | $1.4M | 68,550 | +0.02pp | 3q | +10.5%+$135.5K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.4M | 1,875 | +0.05pp | 31q | HELD | |
| STARBUCKS CORP | SBUX | $1.4M | 13,610 | +0.04pp | 31q | HELD | |
| ISHARES TR | SUB | $1.4M | 12,850 | -0.07pp | 10q | -1.5%-$21.3K | |
| ISHARES TR | AOM | $1.4M | 27,229 | -0.02pp | 28q | HELD | |
| ECOLAB INC | ECL | $1.4M | 4,860 | -0.02pp | 31q | HELD | |
| ABBVIE INC | ABBV | $1.3M | 5,181 | +0.05pp | 31q | HELD | |
| VISA INC | V | $1.3M | 3,745 | +0.04pp | 31q | HELD | |
| ISHARES TR | IBMQ | $1.3M | 49,500 | -0.01pp | 6q | +5.3%+$63.9K | |
| ISHARES TR | IBMR | $1.2M | 48,500 | -0.01pp | 5q | +5.4%+$63.5K | |
| ISHARES TR | MUB | $1.2M | 11,350 | -0.05pp | 14q | -1.7%-$21.5K | |
| CSX CORP | CSX | $1.2M | 25,640 | +0.04pp | 31q | -1.0%-$11.9K | |
| PHILLIPS 66 | PSX | $1.2M | 7,100 | -0.10pp | 31q | HELD | |
| BLACKSTONE INC | BX | $1.2M | 9,780 | -0.05pp | 24q | -2.2%-$26.5K | |
| ISHARES TR | IBMP | $1.1M | 45,000 | -0.01pp | 6q | +5.9%+$63.6K | |
| PEPSICO INC | PEP | $1.1M | 8,325 | -0.15pp | 31q | -0.9%-$10.2K | |
| MCDONALDS CORP | MCD | $1.1M | 4,110 | -0.14pp | 31q | HELD | |
| IDACORP INC | IDA | $1.1M | 7,336 | -0.01pp | 31q | HELD | |
| ISHARES TR | IBMS | $1.1M | 42,500 | +0.11pp | 4q | +32.8%+$271.6K | |
| ISHARES TR | IWY | $1.0M | 3,609 | +0.04pp | 12q | HELD | |
| ISHARES TR | IBMO | $1.0M | 40,500 | flat | 5q | +8.0%+$76.9K | |
| BECTON DICKINSON & CO | BDX | $1.0M | 6,845 | -0.05pp | 31q | +1.9%+$19.7K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $998.2K | 3,435 | -0.15pp | 28q | HELD | |
| YUM BRANDS INC | YUM | $948.8K | 5,935 | -0.02pp | 31q | HELD | |
| RPM INTL INC | RPM | $928.7K | 8,355 | +0.02pp | 31q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $923.6K | 12,800 | -0.04pp | 16q | HELD | |
| NOKIA CORP | NOK | $921.8K | 1,275 | +0.24pp | 5q | HELD | |
| CONOCOPHILLIPS | COP | $902.4K | 8,680 | -0.18pp | 31q | HELD | |
| INVESCO QQQ TR | QQQ | $835.8K | 1,135 | +0.07pp | 8q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $808.4K | 1,945 | +0.13pp | 31q | HELD | |
| NEXTERA ENERGY INC | NEE | $799.6K | 9,110 | -0.06pp | 31q | -0.5%-$4.4K | |
| ISHARES TR | IUSG | $792.8K | 4,215 | +0.04pp | 25q | -0.9%-$7.5K | |
| VANGUARD INDEX FDS | VNQ | $789.3K | 8,185 | +0.01pp | 22q | +1.2%+$9.6K | |
| CIGNA CORPORATION | $731.9K | 2,655 | -0.02pp | 22q | HELD | ||
| SOLSTICE ADVANCED MATLS INC | SOLS | $716.6K | 8,088 | +0.03pp | 3q | HELD | |
| QUEST DIAGNOSTICS INC | DGX | $694.1K | 3,275 | flat | 31q | HELD | |
| WATERS CORP | WAT | $667.9K | 1,781 | +0.07pp | 2q | +7.0%+$43.5K | |
| ISHARES TR | AOR | $666.8K | 9,594 | flat | 25q | HELD | |
| COLGATE PALMOLIVE CO | CL | $642.7K | 7,010 | flat | 31q | HELD | |
| SPDR SERIES TRUST | SPHY | $621.2K | 26,500 | -0.02pp | 12q | +1.0%+$5.9K | |
| 3M CO | MMM | $608.8K | 3,760 | +0.01pp | 31q | HELD | |
| AMERICAN TOWER CORP | AMT | $593.8K | 3,630 | -0.15pp | 31q | -22.6%-$173.4K | |
| ISHARES INC | EEMV | $587.2K | 7,800 | +0.02pp | 31q | HELD | |
| MONDELEZ INTL INC | MDLZ | $571.2K | 9,875 | -0.03pp | 31q | -2.0%-$11.6K | |
| ZOETIS INC | ZTS | $568.4K | 7,910 | -0.23pp | 31q | +1.0%+$5.4K | |
| LOCKHEED MARTIN CORP | LMT | $560.4K | 1,100 | -0.08pp | 31q | HELD | |
| VANGUARD INDEX FDS | VTI | $552.6K | 1,493 | +0.11pp | 23q | +48.4%+$180.2K | |
| ISHARES TR | IBMT | $541.8K | 21,000 | +0.04pp | 3q | +23.5%+$103.2K | |
| WASTE CONNECTIONS INC | WCN | $528.4K | 3,170 | -0.01pp | 12q | HELD | |
| MASTERCARD INCORPORATED | MA | $493.1K | 960 | -0.01pp | 15q | HELD | |
| EBAY INC. | EBAY | $480.5K | 4,300 | +0.03pp | 10q | HELD | |
| AMGEN INC | AMGN | $465.3K | 1,285 | -0.01pp | 11q | HELD | |
| CONSOLIDATED EDISON INC | ED | $445.3K | 4,025 | -0.02pp | 31q | HELD | |
| METLIFE INC | MET | $444.2K | 5,250 | +0.02pp | 31q | -2.8%-$12.7K | |
| CAVA GROUP INC | CAVA | $441.4K | 5,625 | -0.02pp | 10q | +1.8%+$7.8K | |
| LABORATORY CORP AMER HLDGS | LH | $439.6K | 1,570 | -0.01pp | 15q | HELD | |
| ESSENTIAL UTILS INC | WTRG | $438.1K | 11,436 | -0.03pp | 26q | HELD | |
| ISHARES TR | EFA | $415.5K | 4,000 | flat | 11q | HELD | |
| VANGUARD WORLD FD | VGT | $411.1K | 3,440 | +0.05pp | 11q | +700.0%+$359.8K | |
| MASCO CORP | MAS | $398.7K | 4,900 | +0.04pp | 31q | HELD | |
| TARGET CORP | TGT | $385.3K | 2,950 | flat | 30q | -1.7%-$6.5K | |
| VANGUARD WORLD FD | VCR | $378.8K | 955 | +0.01pp | 15q | HELD | |
| AMERICAN WTR WKS CO INC NEW | AWK | $358.6K | 2,725 | -0.02pp | 31q | HELD | |
| UNION PAC CORP | UNP | $353.6K | 1,300 | +0.01pp | 25q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $352.1K | 2,575 | -0.06pp | 6q | HELD | |
| REPUBLIC SVCS INC | RSG | $346.3K | 1,625 | -0.02pp | 5q | HELD | |
| HONEYWELL INTL INC | HONZZZZ | $342.6K | 1,530 | -0.22pp | 5q | -50.0%-$342.6K | |
| HONEYWELL AEROSPACE INC | HONA | $337.8K | 1,528 | - | new | NEW | |
| BHP BILLITON LIMITED | BHP | $337.4K | 4,050 | +0.01pp | 25q | HELD | |
| AIRBNB INC | ABNB | $337.0K | 2,355 | +0.02pp | 5q | +4.4%+$14.3K | |
| SCHWAB STRATEGIC TR | SCHA | $317.9K | 8,800 | +0.02pp | 23q | HELD | |
| ANALOG DEVICES INC | ADI | $317.7K | 800 | +0.02pp | 3q | HELD | |
| INTEL CORP | INTC | $317.7K | 2,275 | - | new | NEW | |
| COCA COLA CO | KO | $317.0K | 3,900 | flat | 24q | HELD | |
| QNITY ELECTRONICS INC | Q | $314.2K | 1,924 | +0.04pp | 2q | HELD | |
| MARKEL GROUP INC | MKL | $289.0K | 148 | -0.01pp | 5q | HELD | |
| CAPITAL ONE FINL CORP | COF | $288.9K | 1,440 | +0.01pp | 3q | +7.5%+$20.1K | |
| ABBOTT LABORATORIES | ABT | $283.6K | 3,125 | -0.03pp | 31q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $281.2K | 1,000 | +0.01pp | 8q | HELD | |
| VANGUARD BD INDEX FDS | BIV | $275.6K | 3,593 | -0.01pp | 31q | HELD | |
| VANGUARD BD INDEX FDS | BSV | $263.1K | 3,377 | -0.01pp | 31q | HELD | |
| HILTON WORLDWIDE HLDGS INC | HLT | $256.1K | 775 | flat | 5q | HELD | |
| CHUBB LIMITED | CB | $252.1K | 740 | flat | 10q | HELD | |
| ELI LILLY & CO | LLY | $251.9K | 210 | - | new | NEW | |
| SIMON PPTY GROUP INC NEW | SPG | $251.6K | 1,125 | +0.01pp | 22q | HELD | |
| ELEVANCE HEALTH INC FORMERLY | ELV | $241.7K | 625 | - | new | NEW | |
| CORTEVA INC | CTVA | $241.5K | 2,852 | -0.01pp | 2q | HELD | |
| SOUTHERN CO | SO | $239.3K | 2,500 | -0.01pp | 8q | HELD | |
| CARRIER GLOBAL CORPORATION | CARR | $232.9K | 3,175 | - | new | NEW | |
| VANGUARD ADMIRAL FDS INC | VIOG | $227.8K | 1,485 | - | new | NEW | |
| FRANKLIN FINL SVCS CORP | FRAF | $219.1K | 3,500 | - | new | NEW | |
| AMERICAN ELEC PWR CO INC | AEP | $218.9K | 1,600 | flat | 2q | HELD | |
| WW GRAINGER INC | GWW | $217.7K | 160 | - | new | NEW | |
| CATERPILLAR INC | CAT | $213.0K | 200 | - | new | NEW | |
| CLOROX CO DEL | CLX | $207.6K | 2,175 | -0.02pp | 31q | HELD | |
| EMERSON ELEC CO | EMR | $200.4K | 1,400 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $25.5M | 13.8% |
| Retail & Consumer | $16.7M | 9.0% |
| Computer Hardware | $13.9M | 7.5% |
| Banks & Lending | $9.7M | 5.3% |
| Insurance | $9.6M | 5.2% |
| Biotech & Pharma | $8.0M | 4.3% |
| Utilities | $6.1M | 3.3% |
| Chemicals | $6.0M | 3.2% |
| Energy | $5.7M | 3.1% |
| Business Services | $5.4M | 2.9% |
| Medical Devices | $4.8M | 2.6% |
| Mining & Metals | $3.7M | 2.0% |
| Other sectors | $18.3M | 9.9% |
| Not classified | $51.1M | 27.7% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $185.6M | 137 | 10 | 26 | 26 | 2 | 28.4% | 45 |
| Q1 2026 | $172.5M | 129 | 5 | 29 | 38 | 8 | 28.1% | 43 |
| Q4 2025 | $175.1M | 132 | 8 | 31 | 39 | 7 | 31.8% | 43 |
| Q3 2025 | $174.3M | 131 | 3 | 25 | 28 | 2 | 33.0% | 45 |
| Q2 2025 | $162.3M | 130 | 12 | 19 | 61 | 3 | 32.8% | 45 |
| Q1 2025 | $152.9M | 121 | 5 | 22 | 48 | 4 | 32.3% | 45 |
| Q4 2024 | $154.9M | 120 | 2 | 23 | 45 | 6 | 34.5% | 43 |
| Q3 2024 | $158.2M | 124 | 8 | 23 | 50 | 3 | 33.7% | 44 |
| Q2 2024 | $150.0M | 119 | 4 | 20 | 41 | 6 | 35.3% | 44 |
| Q1 2024 | $148.8M | 121 | 10 | 29 | 27 | 6 | 32.7% | 45 |
| Q4 2023 | $139.2M | 117 | 7 | 17 | 56 | 4 | 32.6% | 43 |
| Q3 2023 | $132.5M | 114 | 4 | 17 | 56 | 6 | 31.8% | 45 |
| Q2 2023 | $145.2M | 116 | 3 | 15 | 54 | 5 | 31.8% | 45 |
| Q1 2023 | $141.6M | 118 | 6 | 19 | 36 | 1 | 29.3% | 42 |
| Q4 2022 | $137.1M | 113 | 5 | 5 | 86 | 9 | 28.9% | 45 |
| Q3 2022 | $135.4M | 117 | 8 | 66 | 24 | 6 | 29.4% | 45 |
| Q2 2022 | $139.2M | 115 | 2 | 7 | 44 | 2 | 28.3% | 41 |
| Q1 2022 | $162.7M | 115 | 1 | 12 | 46 | 4 | 30.5% | 42 |
| Q4 2021 | $175.7M | 118 | 4 | 17 | 38 | 0 | 30.9% | 45 |
| Q3 2021 | $160.4M | 114 | 0 | 30 | 25 | 3 | 31.3% | 43 |
| Q2 2021 | $161.4M | 117 | 5 | 26 | 43 | 2 | 31.7% | 40 |
| Q1 2021 | $143.5M | 114 | 5 | 31 | 35 | 2 | 29.2% | 43 |
| Q4 2020 | $135.6M | 111 | 8 | 33 | 24 | 2 | 30.8% | 39 |
| Q3 2020 | $118.5M | 105 | 8 | 48 | 12 | 2 | 30.9% | 43 |
| Q2 2020 | $106.8M | 99 | 5 | 21 | 46 | 2 | 30.6% | 42 |
| Q1 2020 | $92.0M | 96 | 2 | 12 | 50 | 18 | 30.0% | 36 |
| Q4 2019 | $121.4M | 112 | 4 | 24 | 29 | 1 | 26.7% | 41 |
| Q3 2019 | $113.1M | 109 | 6 | 32 | 18 | 4 | 26.4% | 43 |
| Q2 2019 | $108.2M | 107 | 6 | 25 | 24 | 3 | 26.1% | 40 |
| Q1 2019 | $104.1M | 104 | 6 | 47 | 27 | 2 | 26.8% | 39 |
| Q4 2018 | $89.4M | 100 | 0 | 0 | 0 | 0 | 27.1% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.