0001631775-24-000001.txt : 20240212 0001631775-24-000001.hdr.sgml : 20240212 20240209210251 ACCESSION NUMBER: 0001631775-24-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240209 EFFECTIVENESS DATE: 20240212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Godshalk Welsh Capital Management, Inc. CENTRAL INDEX KEY: 0001631775 ORGANIZATION NAME: 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: 24617116 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 X0202 13F-HR LIVE false false false 0001631775 XXXXXXXX 12-31-2023 12-31-2023 Godshalk Welsh Capital Management, Inc.
170 N. RADNOR CHESTER ROAD SUITE 100 RADNOR PA 19087
13F HOLDINGS REPORT 028-16414 000106410 801-39857 N
Matthew W. Welsh President 610-971-1079 Matthew W. Welsh Radnor PA 02-09-2024 0 117 139200989 false
INFORMATION TABLE 2 Godshalk4q23.xml 3M Company COM 88579Y101 367315 3360 SH SOLE 0 0 3360 Abbott Laboratories COM 002824100 372257 3382 SH SOLE 0 0 3382 AbbVie Inc COM 00287Y109 884259 5706 SH SOLE 0 0 5706 Alphabet Inc Cl A COM 02079K305 2929998 20975 SH SOLE 0 0 20975 Alphabet Inc Cl C COM 02079K107 1786288 12675 SH SOLE 0 0 12675 American Express COM 025816109 2404509 12835 SH SOLE 0 0 12835 American Tower Corp COM 03027X100 1391347 6445 SH SOLE 0 0 6445 American Water Works Inc COM 030420103 581416 4405 SH SOLE 0 0 4405 Amgen Inc COM 031162100 205934 715 SH SOLE 0 0 715 Apple Inc COM 037833100 7776094 40389 SH SOLE 0 0 40389 Automatic Data Processing COM 053015103 1871914 8035 SH SOLE 0 0 8035 Bank of America Corp COM 060505104 1612625 47895 SH SOLE 0 0 47895 Becton Dickinson & Co COM 075887109 1323997 5430 SH SOLE 0 0 5430 Berkley W R Corporation COM 084423102 2399459 33929 SH SOLE 0 0 33929 Berkshire Hathaway Inc Cl B COM 084670702 3754916 10528 SH SOLE 0 0 10528 BHP Billiton Ltd ADR ADR 088606108 321057 4700 SH SOLE 0 0 4700 Blackstone Group Inc COM 09260D107 1372042 10480 SH SOLE 0 0 10480 Bristol-Myers Squibb Co COM 110122108 287336 5600 SH SOLE 0 0 5600 Chevron Corp COM 166764100 1668802 11188 SH SOLE 0 0 11188 Cigna Corp COM 125509109 943268 3150 SH SOLE 0 0 3150 Cisco Systems Inc COM 17275R102 2004482 39677 SH SOLE 0 0 39677 Clorox Company COM 189054109 388558 2725 SH SOLE 0 0 2725 Coca-Cola Company COM 191216100 241613 4100 SH SOLE 0 0 4100 Colgate-Palmolive Co COM 194162103 599818 7525 SH SOLE 0 0 7525 Comcast Corp Class A COM 20030N101 1056785 24100 SH SOLE 0 0 24100 ConocoPhillips COM 20825C104 998202 8600 SH SOLE 0 0 8600 Consolidated Edison Inc COM 209115104 459399 5050 SH SOLE 0 0 5050 Corning Inc COM 219350105 309068 10150 SH SOLE 0 0 10150 Costco Wholesale Corp COM 22160K105 4484597 6794 SH SOLE 0 0 6794 CSX Corp COM 126408103 966946 27890 SH SOLE 0 0 27890 CVS Health Corporation COM 126650100 880404 11150 SH SOLE 0 0 11150 Danaher Corp COM 235851102 231340 1000 SH SOLE 0 0 1000 DuPont de Nemours Inc COM 26614N102 563435 7324 SH SOLE 0 0 7324 Ecolab Inc COM 278865100 1025470 5170 SH SOLE 0 0 5170 Elevance Health COM 036752103 306514 650 SH SOLE 0 0 650 Essential Utilities Inc COM 29670G102 1030337 27586 SH SOLE 0 0 27586 Fidelity High Dividend ETF 316092840 916419 21675 SH SOLE 0 0 21675 Globus Medical Inc COM 379577208 3785455 71035 SH SOLE 0 0 71035 Hershey Company COM 427866108 284321 1525 SH SOLE 0 0 1525 Home Depot Inc COM 437076102 2188117 6314 SH SOLE 0 0 6314 Honeywell International Inc COM 438516106 204467 975 SH SOLE 0 0 975 IdaCorp Incorporated COM 451107106 721276 7336 SH SOLE 0 0 7336 Intel Corp COM 458140100 747419 14874 SH SOLE 0 0 14874 Intuit Inc COM 461202103 5078369 8125 SH SOLE 0 0 8125 Invesco Preferred ETF 46138E511 607910 53000 SH SOLE 0 0 53000 Invesco QQQ Trust ETF 46090E103 587661 1435 SH SOLE 0 0 1435 Invesco S&P 500 Eq Wt ETF 46137V357 2319556 14699 SH SOLE 0 0 14699 iShares Core Growth Allocation ETF 464289867 494199 9291 SH SOLE 0 0 9291 iShares Core Moderate Allocati ETF 464289875 736787 17750 SH SOLE 0 0 17750 iShares Core MSCI EAFE ETF 46432F842 1739090 24721 SH SOLE 0 0 24721 iShares Core S&P US Growth ETF 464287671 474176 4555 SH SOLE 0 0 4555 iShares iBonds Dec 2025 Term C ETF 46434VBD1 360258 14550 SH SOLE 0 0 14550 iShares iBonds Dec 2026 Term C ETF 46435GAA0 346550 14500 SH SOLE 0 0 14500 iShares MSCI EAFE Index ETF 464287465 210980 2800 SH SOLE 0 0 2800 iShares MSCI EmergMkt Min Vol ETF 464286533 325202 5850 SH SOLE 0 0 5850 iShares National Muni ETF 464288414 539340 4975 SH SOLE 0 0 4975 iShares Russell 2000 Index ETF 464287655 2450927 12211 SH SOLE 0 0 12211 iShares Russell Top 200 Growth ETF 464289438 597500 3410 SH SOLE 0 0 3410 iShares Short Term Corporate ETF 464288646 298813 5828 SH SOLE 0 0 5828 iShares Short Term Nat Muni Bd ETF 086600510 959413 9100 SH SOLE 0 0 9100 Johnson & Johnson COM 478160104 1917087 12231 SH SOLE 0 0 12231 JP Morgan Chase & Co COM 46625H100 1798808 10575 SH SOLE 0 0 10575 Kimberly-Clark Corp COM 494368103 218718 1800 SH SOLE 0 0 1800 L3Harris Technologies Inc COM 502431109 756126 3590 SH SOLE 0 0 3590 Laboratory Corp of America COM 50540R409 353436 1555 SH SOLE 0 0 1555 Lockheed Martin Corp COM 539830109 498564 1100 SH SOLE 0 0 1100 Lowes Companies Inc COM 548661107 2088632 9385 SH SOLE 0 0 9385 Masco Corp COM 574599106 432021 6450 SH SOLE 0 0 6450 Mastercard Inc COM 57636Q104 383859 900 SH SOLE 0 0 900 McDonalds Corp COM 580135101 1418800 4785 SH SOLE 0 0 4785 Merck & Co COM 58933Y105 2252680 20663 SH SOLE 0 0 20663 MetLife Inc COM 59156R108 396780 6000 SH SOLE 0 0 6000 Microsoft Corporation COM 594918104 9169359 24384 SH SOLE 0 0 24384 Mondelez Intl Inc Cl A COM 609207105 1109048 15312 SH SOLE 0 0 15312 Nestle SA ADR ADR 641069406 1379466 11930 SH SOLE 0 0 11930 NextEra Energy Inc COM 65339F101 737991 12150 SH SOLE 0 0 12150 Oracle Corp COM 68389X105 3525052 33435 SH SOLE 0 0 33435 Paychex Inc COM 704326107 2167802 18200 SH SOLE 0 0 18200 Pepsico Inc COM 713448108 1597345 9405 SH SOLE 0 0 9405 Pfizer Inc COM 717081103 293658 10200 SH SOLE 0 0 10200 Phillips 66 COM 718546104 988565 7425 SH SOLE 0 0 7425 Procter & Gamble COM 742718109 2228141 15205 SH SOLE 0 0 15205 Quest Diagnostics Inc COM 74834L100 496368 3600 SH SOLE 0 0 3600 Raytheon Technologies Corp COM 75513E101 671101 7976 SH SOLE 0 0 7976 Republic Services Inc COM 760759100 371048 2250 SH SOLE 0 0 2250 RPM International COM 749685103 966158 8655 SH SOLE 0 0 8655 Schwab US Small-Cap COM 808524607 273992 5800 SH SOLE 0 0 5800 Simon Property Group COM 828806109 231790 1625 SH SOLE 0 0 1625 SPDR Portfolio High Yield Bond ETF 78468R606 350700 15000 SH SOLE 0 0 15000 SPDR S&P 500 ETF 78462F103 891206 1875 SH SOLE 0 0 1875 Starbucks Corp COM 855244109 1503517 15660 SH SOLE 0 0 15660 Sysco Corporation COM 871829107 1712193 23413 SH SOLE 0 0 23413 T Rowe Price Capital Apprec Eq ETF 87283Q867 371624 13450 SH SOLE 0 0 13450 Target Corporation COM 87612E106 1157875 8130 SH SOLE 0 0 8130 TJX Companies Inc COM 872540109 1233602 13150 SH SOLE 0 0 13150 Uber Technologies Inc COM 90353T100 566444 9200 SH SOLE 0 0 9200 UniFirst Corp COM 904708104 341127 1865 SH SOLE 0 0 1865 Unilever PLC ADR ADR 904767704 410868 8475 SH SOLE 0 0 8475 Union Pacific Corp COM 907818108 321762 1310 SH SOLE 0 0 1310 United Parcel Service Inc COM 911312106 1530949 9737 SH SOLE 0 0 9737 UnitedHealth Group Inc COM 91324P102 1224043 2325 SH SOLE 0 0 2325 Valero Energy Corp COM 91913Y100 965250 7425 SH SOLE 0 0 7425 Vanguard Div Appreciation ETF 921908844 1303219 7648 SH SOLE 0 0 7648 Vanguard Info Technology ETF 92204A702 208120 430 SH SOLE 0 0 430 Vanguard REIT ETF 922908553 743108 8410 SH SOLE 0 0 8410 Vanguard Short Term Bond Index ETF 921937827 539901 7010 SH SOLE 0 0 7010 Vanguard Total Stock Mkt ETF 922908769 264500 1115 SH SOLE 0 0 1115 Verizon Communications COM 92343V104 239395 6350 SH SOLE 0 0 6350 Vgd Consumer Discretionary ETF 92204A108 299982 985 SH SOLE 0 0 985 Vgd Int Term Bond Index Fund ETF 921937819 295163 3864 SH SOLE 0 0 3864 Visa Inc COM 92826C839 1081754 4155 SH SOLE 0 0 4155 Walmart Inc COM 931142103 692084 4390 SH SOLE 0 0 4390 Waste Connections Inc COM 94106B101 455274 3050 SH SOLE 0 0 3050 Waste Management Inc COM 94106L109 1651302 9220 SH SOLE 0 0 9220 WideOpenWest Inc COM 96758W101 679987 167898 SH SOLE 0 0 167898 YUM! Brands Inc COM 988498101 861703 6595 SH SOLE 0 0 6595 Zoetis Inc COM 98978V103 1805936 9150 SH SOLE 0 0 9150