Instuitional Investor - Godshalk Welsh Capital Management, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Microsoft Corp	MSFT	24,384	$9,169,359	6.58%
2.	Apple Inc.	AAPL	40,389	$7,776,094	5.58%
3.	Intuit Inc.	INTU	8,125	$5,078,369	3.64%
4.	Costco Wholesale Corp W	COST	6,794	$4,484,597	3.22%
5.	Globus Medical Inc	GMED	71,035	$3,785,455	2.71%