Instuitional Investor - Welch Group, Llc

Filing Period:
No. Security Ticker Shares Value % Port
1. SFBS 1,299,473 $86,583,873 4.66%
2. MSFT 218,856 $82,298,733 4.43%
3. AAPL 367,709 $70,795,093 3.81%
4. HD 170,810 $59,194,117 3.18%
5. AJG 255,932 $57,553,881 3.09%