President

0001631775-18-000001.txt : 20180213 0001631775-18-000001.hdr.sgml : 20180213 20180213120158 ACCESSION NUMBER: 0001631775-18-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180213 DATE AS OF CHANGE: 20180213 EFFECTIVENESS DATE: 20180213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Godshalk Welsh Capital Management, Inc. CENTRAL INDEX KEY: 0001631775 IRS NUMBER: 232649919 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-16414 FILM NUMBER: 18601084 BUSINESS ADDRESS: STREET 1: 170 N. RADNOR CHESTER ROAD STREET 2: SUITE 100 CITY: RADNOR STATE: PA ZIP: 19087 BUSINESS PHONE: 610-971-0202 MAIL ADDRESS: STREET 1: 170 N. RADNOR CHESTER ROAD STREET 2: SUITE 100 CITY: RADNOR STATE: PA ZIP: 19087 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001631775 XXXXXXXX 12-31-2017 12-31-2017 Godshalk Welsh Capital Management, Inc.

170 N. RADNOR CHESTER ROAD SUITE 100 RADNOR PA 19087

13F HOLDINGS REPORT 028-16414 N Matthew W. Welsh President (610)-971-1079 Matthew W. Welsh Radnor PA 02-13-2018 0 122 98805 false INFORMATION TABLE 2 god4q17.xml 3M Company COM 88579Y101 909 3860 SH SOLE 0 0 3860 A T & T COM 00206R102 1048 26950 SH SOLE 0 0 26950 Abbott Laboratories COM 002824100 223 3900 SH SOLE 0 0 3900 AbbVie Inc COM 00287Y109 745 7708 SH SOLE 0 0 7708 Alphabet Inc Cl A COM 02079K305 828 786 SH SOLE 0 0 786 Alphabet Inc Cl C COM 02079K107 770 736 SH SOLE 0 0 736 ALPS Alerian MLP ETF 00162Q866 234 21650 SH SOLE 0 0 21650 American Express COM 025816109 1352 13610 SH SOLE 0 0 13610 American Tower Corp COM 03027X100 794 5565 SH SOLE 0 0 5565 American Water Works Inc COM 030420103 471 5150 SH SOLE 0 0 5150 Anheuser-Busch InBev ADR ADR 03524A108 312 2800 SH SOLE 0 0 2800 Apple Inc COM 037833100 2467 14575 SH SOLE 0 0 14575 Aqua America Inc COM 03836W103 1248 31810 SH SOLE 0 0 31810 Automatic Data Processing COM 053015103 1266 10800 SH SOLE 0 0 10800 Bank of America Corp COM 060505104 1479 50100 SH SOLE 0 0 50100 Bank of New York Mellon COM 064057100 1608 29850 SH SOLE 0 0 29850 Becton Dickinson & Co COM 075887109 917 4285 SH SOLE 0 0 4285 Berkley W R Corporation COM 084423102 1326 18500 SH SOLE 0 0 18500 Berkshire Hathaway Inc Cl B COM 084670702 2514 12683 SH SOLE 0 0 12683 Berkshire Hills Bancorp COM 084680107 1233 33700 SH SOLE 0 0 33700 BHP Billiton Ltd ADR ADR 088606108 216 4700 SH SOLE 0 0 4700 Boeing Co COM 097023105 551 1870 SH SOLE 0 0 1870 BP PLC ADR ADR 055622104 283 6735 SH SOLE 0 0 6735 Brinker International Inc COM 109641100 452 11625 SH SOLE 0 0 11625 Bristol-Myers Squibb Co COM 110122108 251 4100 SH SOLE 0 0 4100 Caledonia Mining Corp PLC SHS G1757E113 151 20500 SH SOLE 0 0 20500 CBS Corporation COM 124857202 344 5829 SH SOLE 0 0 5829 Celgene Corp COM 151020104 252 2410 SH SOLE 0 0 2410 Chevron Corp COM 166764100 1577 12600 SH SOLE 0 0 12600 Cisco Systems Inc COM 17275R102 1731 45200 SH SOLE 0 0 45200 Citigroup Inc COM 172967424 404 5425 SH SOLE 0 0 5425 Clorox Company COM 189054109 521 3500 SH SOLE 0 0 3500 Coca-Cola Company COM 191216100 209 4550 SH SOLE 0 0 4550 Colgate-Palmolive Co COM 194162103 755 10000 SH SOLE 0 0 10000 Comcast Corp Class A COM 20030N101 565 14100 SH SOLE 0 0 14100 ConocoPhillips COM 20825C104 1194 21750 SH SOLE 0 0 21750 Consolidated Edison Inc COM 209115104 525 6175 SH SOLE 0 0 6175 Costco Wholesale Corp COM 22160K105 1613 8665 SH SOLE 0 0 8665 Covanta Holding Corp COM 22282E106 304 18000 SH SOLE 0 0 18000 CSX Corp COM 126408103 683 12425 SH SOLE 0 0 12425 CVS Health Corporation COM 126650100 269 3705 SH SOLE 0 0 3705 DowDuPont COM 26078J100 735 10314 SH SOLE 0 0 10314 eBay Inc COM 278642103 328 8700 SH SOLE 0 0 8700 Ecolab Inc COM 278865100 858 6395 SH SOLE 0 0 6395 Entree Resources Ltd COM 29384J103 241 400000 SH SOLE 0 0 400000 Exelon Corporation COM 30161N101 268 6800 SH SOLE 0 0 6800 Express Scripts Holding Co COM 30219G108 202 2700 SH SOLE 0 0 2700 Exxon Mobil Corporation COM 30231G102 661 7897 SH SOLE 0 0 7897 General Electric COM 369604103 931 53350 SH SOLE 0 0 53350 General Mills Inc COM 370334104 282 4750 SH SOLE 0 0 4750 Genuine Parts Co COM 372460105 304 3200 SH SOLE 0 0 3200 GlaxoSmithKline PLC ADR ADR 37733W105 711 20050 SH SOLE 0 0 20050 Globus Medical Inc COM 379577208 2667 64892 SH SOLE 0 0 64892 Golden Star Resources Ltd COM 38119T104 18 20000 SH SOLE 0 0 20000 Harris Corporation COM 413875105 773 5460 SH SOLE 0 0 5460 Hershey Company COM 427866108 261 2300 SH SOLE 0 0 2300 Home Depot COM 437076102 1821 9606 SH SOLE 0 0 9606 IdaCorp Incorporated COM 451107106 670 7336 SH SOLE 0 0 7336 Intel Corp COM 458140100 464 10050 SH SOLE 0 0 10050 Intl Business Machines COM 459200101 445 2900 SH SOLE 0 0 2900 Intuit Inc COM 461202103 2003 12695 SH SOLE 0 0 12695 iShares Barclays 1-3 Yr US Cre ETF 464288646 343 3280 SH SOLE 0 0 3280 iShares MSCI EmergMkt Min Vol ETF 464286533 334 5500 SH SOLE 0 0 5500 iShares Russell 2000 Index ETF 464287655 1937 12703 SH SOLE 0 0 12703 Johnson & Johnson COM 478160104 2026 14500 SH SOLE 0 0 14500 JP Morgan Chase & Co COM 46625H100 888 8300 SH SOLE 0 0 8300 Kimberly-Clark Corp COM 494368103 249 2062 SH SOLE 0 0 2062 Lockheed Martin COM 539830109 441 1375 SH SOLE 0 0 1375 Lowes Companies Inc COM 548661107 1180 12700 SH SOLE 0 0 12700 M & T Bank Corporation COM 55261F104 205 1200 SH SOLE 0 0 1200 Masco Corp COM 574599106 582 13250 SH SOLE 0 0 13250 McDonalds Corp COM 580135101 805 4675 SH SOLE 0 0 4675 McKesson Corp COM 58155Q103 226 1450 SH SOLE 0 0 1450 Merck & Co COM 58933Y105 1652 29353 SH SOLE 0 0 29353 MetLife, Inc COM 59156R108 854 16900 SH SOLE 0 0 16900 Microsoft Corporation COM 594918104 3520 41150 SH SOLE 0 0 41150 Mondelez Intl Inc Cl A COM 609207105 970 22675 SH SOLE 0 0 22675 NextEra Energy Inc COM 65339F101 469 3000 SH SOLE 0 0 3000 Oracle Corp COM 68389X105 1279 27050 SH SOLE 0 0 27050 Patterson Companies COM 703395103 664 18375 SH SOLE 0 0 18375 Paychex Inc COM 704326107 1731 25420 SH SOLE 0 0 25420 PayPal Holdings Inc COM 70450Y103 1506 20450 SH SOLE 0 0 20450 Pepsico Inc COM 713448108 1337 11150 SH SOLE 0 0 11150 Pfizer Inc COM 717081103 961 26531 SH SOLE 0 0 26531 Phillips 66 COM 718546104 675 6675 SH SOLE 0 0 6675 PowerShares Preferred Portfoli ETF 73936T565 2039 137200 SH SOLE 0 0 137200 PowerShares QQQ Trust ETF 73935A104 280 1800 SH SOLE 0 0 1800 PPL Corp COM 69351T106 218 7030 SH SOLE 0 0 7030 Procter & Gamble COM 742718109 1815 19755 SH SOLE 0 0 19755 Quest Diagnostics Inc COM 74834L100 409 4150 SH SOLE 0 0 4150 Raytheon Company COM 755111507 348 1850 SH SOLE 0 0 1850 RPM International COM 749685103 574 10955 SH SOLE 0 0 10955 Rydex S&P 500 Equal Weight ETF 78355W106 298 2950 SH SOLE 0 0 2950 Schlumberger Ltd COM 806857108 390 5780 SH SOLE 0 0 5780 Schwab US Small-Cap ETF 808524607 220 3160 SH SOLE 0 0 3160 Scotts Miracle-Gro Co COM 810186106 805 7525 SH SOLE 0 0 7525 SPDR S&P 500 ETF 78462F103 593 2223 SH SOLE 0 0 2223 Starbucks Corp COM 855244109 632 11000 SH SOLE 0 0 11000 State Street Corp COM 857477103 254 2600 SH SOLE 0 0 2600 Stericycle Inc COM 858912108 442 6500 SH SOLE 0 0 6500 Sysco Corporation COM 871829107 1714 28220 SH SOLE 0 0 28220 Target Corporation COM 87612E110 708 10850 SH SOLE 0 0 10850 U S Bancorp COM 902973304 241 4500 SH SOLE 0 0 4500 UGI Corporation COM 902681105 303 6450 SH SOLE 0 0 6450 United Parcel Service Inc COM 911312106 936 7855 SH SOLE 0 0 7855 United Technologies Corp COM 913017109 952 7460 SH SOLE 0 0 7460 UnitedHealth Group Inc COM 91324P102 809 3670 SH SOLE 0 0 3670 V F Corporation COM 918204108 588 7950 SH SOLE 0 0 7950 Valero Energy Corp COM 91913Y100 395 4300 SH SOLE 0 0 4300 Vanguard Div Appreciation ETF 921908844 1014 9941 SH SOLE 0 0 9941 Vanguard Short Term Bond Index ETF 921937827 858 10850 SH SOLE 0 0 10850 Vanguard Total Stock Mkt ETF 922908769 208 1515 SH SOLE 0 0 1515 Verizon Communications COM 92343V104 1089 20581 SH SOLE 0 0 20581 Vgd Int Term Bond Index Fund ETF 921937819 879 10485 SH SOLE 0 0 10485 Visa Inc COM 92826C839 593 5200 SH SOLE 0 0 5200 Vodafone Group ADR ADR 92857W308 295 9250 SH SOLE 0 0 9250 Wal-Mart Stores Inc COM 931142103 413 4180 SH SOLE 0 0 4180 Waste Management Inc COM 94106L109 1106 12820 SH SOLE 0 0 12820 Wells Fargo & Company COM 949746101 507 8350 SH SOLE 0 0 8350 Williams Companies COM 969457100 212 6950 SH SOLE 0 0 6950 Yum! Brands Inc COM 988498101 569 6975 SH SOLE 0 0 6975 Zoetis Inc COM 98978V103 1028 14275 SH SOLE 0 0 14275