CIK: 0001599760
Total reported value
$350.5M
Reporting period: 2026-03-31 · Number of holdings: 81
HAMEL ASSOCIATES, INC. disclosed 81 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $350.5M and a quarterly turnover rate of 15.3%.
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Hamel Associates, INC.'s disclosed holdings carry a Herfindahl concentration index of 0.029 — mathematically equivalent to about 35 equally-sized positions, well below its 81 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.15), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim TFLO
-34.5% -$4.1M
Add SCHY
+16.1% $4.9M
Trim GOOG
-4.0% -$2.0M
Trim MSFT
+1.1% -$2.3M
Add COP
-3.8% $3.2M
Trim AAPL
-3.3% -$1.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SCHY | Schwab International Dvd ETF | ETF-Other | 7.42% | +1.06% | +16.09% | |
| 2 | WMT | Walmart INC | Stock-Consumer Staples | 4.97% | +0.02% | -4.81% | |
| 3 | JNJ | Johnson & Johnson | Stock-Healthcare | 4.57% | +0.43% | -1.16% | |
| 4 | AAPL | Apple INC | Stock-Tech | 4.53% | -0.77% | -3.34% | |
| 5 | XOM | Exxon Mobil CORP | Stock-Energy | 4.21% | +0.51% | -14.51% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.07% | -0.83% | -3.98% | |
| 7 | COP | Conocophillips | Stock-Energy | 3.49% | +0.77% | -3.84% | |
| 8 | CB | Chubb Limited | Stock-Financials | 3.37% | -0.07% | -0.80% | |
| 9 | MRK | Merck & Co. INC. | Stock-Healthcare | 3.18% | +0.22% | -0.36% | |
| 10 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 2.88% | -0.26% | -5.15% | |
| 11 | CVX | Chevron CORP | Stock-Energy | 2.71% | +0.57% | -1.18% | |
| 12 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 2.35% | — | -1.65% | |
| 13 | TFLO | Ishares Treasury Floating Ra | ETF-Gov Bonds | 2.23% | -1.36% | -34.53% | |
| 14 | MSFT | Microsoft CORP | Stock-Tech | 2.23% | -0.81% | +1.09% | |
| 15 | ITW | Illinois Tool Works | Stock-Industrials | 2.18% | -0.01% | -0.48% | |
| 16 | GLD | Spdr Gold Shares | ETF-Commodities | 2.17% | +0.04% | -0.90% | |
| 17 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.11% | +0.04% | -0.69% | |
| 18 | AMGN | Amgen INC | Stock-Healthcare | 2.02% | +0.03% | -0.37% | |
| 19 | IBDT | Ishares Ibonds Dec 2028 ETF | ETF-Other | 1.90% | +0.04% | +8.54% | |
| 20 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | ETF-Other | 1.89% | -0.01% | +4.86% | |
| 21 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.82% | — | -3.41% | |
| 22 | HON | Honeywell International INC | Stock-Industrials | 1.79% | +0.17% | +0.29% | |
| 23 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 1.77% | +0.08% | -0.07% | |
| 24 | IBDR | Ishares Ibonds Dec 2026 Term | ETF-Other | 1.68% | — | +1.68% | |
| 25 | ED | Consolidated Edison INC | Stock-Utilities | 1.67% | +0.15% | +1.91% | |
| 26 | IBDU | Ishares Ibonds Dec 2029 Term | ETF-Other | 1.64% | +0.03% | +8.31% | |
| 27 | LMT | Lockheed Martin CORP | Stock-Industrials | 1.61% | +0.25% | -0.29% | |
| 28 | UNP | Union Pacific CORP | Stock-Industrials | 1.54% | -0.01% | +0.23% | |
| 29 | HSY | Hershey Co/the | Stock-Consumer Staples | 1.39% | +0.10% | -0.11% | |
| 30 | ABBV | Abbvie INC | Stock-Healthcare | 1.31% | — | +2.85% | |
| 31 | DUK | Duke Energy CORP | Stock-Utilities | 1.20% | +0.26% | +20.44% | |
| 32 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.19% | -0.26% | -5.12% | |
| 33 | IBDV | Ishares Ibonds Dec 2030 CORP | ETF-Other | 1.17% | +0.09% | +14.99% | |
| 34 | XLU | St Sr Utl Sl Se Spdr Etf-usd | ETF-Other | 1.15% | +0.03% | +0.75% | |
| 35 | PNC | Pnc Financial Services Group | Stock-Financials | 1.15% | — | -1.36% | |
| 36 | VZ | Verizon Communications INC | Stock-Comm Services | 1.12% | +0.16% | -0.64% | |
| 37 | HD | Home Depot INC | Stock-Consumer Disc | 0.98% | — | -0.76% | |
| 38 | PEP | Pepsico INC | Stock-Consumer Staples | 0.73% | +0.03% | +2.16% | |
| 39 | IBM | Intl Business Machines CORP | Stock-Tech | 0.69% | -0.20% | -0.60% | |
| 40 | ADP | Automatic Data Processing | Stock-Tech | 0.68% | — | +20.79% | |
| 41 | IBDW | Ishares Ibonds Dec 2031 CORP | ETF-Other | 0.63% | +0.09% | +24.20% | |
| 42 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 0.58% | — | -4.97% | |
| 43 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.56% | -0.13% | -7.23% | |
| 44 | O | Realty Income CORP | Stock-Real Estate | 0.50% | +0.10% | +19.38% | |
| 45 | V | Visa Inc-class A Shares | Stock-Financials | 0.49% | +0.49% | NEW | |
| 46 | HII | Huntington Ingalls Industrie | Stock-Industrials | 0.40% | — | — | |
| 47 | CAT | Caterpillar INC | Stock-Industrials | 0.36% | — | -2.72% | |
| 48 | GRMN | Garmin Ltd. | Stock-Tech | 0.36% | — | — | |
| 49 | ABT | Abbott Laboratories | Stock-Healthcare | 0.36% | -0.10% | — | |
| 50 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.35% | — | +1.68% |
Performance for Q3 2026
+1.3%
Performance Last 4 Quarters
+24.3%
Based on 83% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 81 | $350.5M | 15 | |
| 2025-12-31 | 79 | $331.8M | 16 | |
| 2025-09-30 | 81 | $325.2M | 23 | |
| 2025-06-30 | 81 | $295.3M | 0 | |
| 2025-03-31 | 71 | $294.2M | 100 | |
| 2024-12-31 | 74 | $310.7M | 0 | |
| 2024-09-30 | 74 | $327.3M | 0 | |
| 2024-06-30 | 76 | $317.3M | 0 | |
| 2024-03-31 | 71 | $311.8M | 0 | |
| 2023-12-31 | 69 | $283.8M | 0 | |
| 2023-09-30 | 73 | $273.8M | 0 | |
| 2023-06-30 | 73 | $285.8M | 0 | |
| 2023-03-31 | 81 | $288.7M | 0 | |
| 2022-12-31 | 80 | $287.5M | 0 | |
| 2022-09-30 | 79 | $252.7M | 0 | |
| 2022-06-30 | 78 | $253.6M | 0 | |
| 2022-03-31 | 79 | $281.3M | 0 | |
| 2021-12-31 | 74 | $278.8M | 0 | |
| 2021-09-30 | 68 | $256.2M | 0 | |
| 2021-06-30 | 68 | $262.2M | 100 | |
| 2021-03-31 | 70 | $259.3M | 17 | |
| 2020-12-31 | 68 | $244.1M | 15 | |
| 2020-09-30 | 64 | $225.5M | 14 | |
| 2020-06-30 | 63 | $207.8M | 16 | |
| 2020-03-31 | 68 | $189.5M | 38 | |
| 2019-12-31 | 80 | $242.9M | 14 | |
| 2019-09-30 | 84 | $234.1M | 12 | |
| 2019-06-30 | 84 | $228.0M | 8 | |
| 2019-03-31 | 82 | $222.8M | 36 | |
| 2018-12-31 | 91 | $200.7M | 23 | |
| 2018-09-30 | 95 | $230.8M | 20 | |
| 2018-06-30 | 95 | $217.6M | 100 | |
| 2018-03-31 | 91 | $1.5B | 100 | |
| 2017-12-31 | 84 | $211.7M | 12 | |
| 2017-09-30 | 85 | $205.4M | 11 | |
| 2017-06-30 | 79 | $198.8M | 13 | |
| 2017-03-31 | 78 | $196.5M | 16 | |
| 2016-12-31 | 82 | $194.2M | 10 | |
| 2016-09-30 | 82 | $189.1M | 12 | |
| 2016-06-30 | 85 | $193.0M | 17 | |
| 2016-03-31 | 90 | $188.5M | 27 | |
| 2015-12-31 | 87 | $156.7M | 21 | |
| 2015-09-30 | 85 | $140.6M | 23 | |
| 2015-06-30 | 93 | $152.1M | 24 | |
| 2015-03-31 | 91 | $151.5M | 18 | |
| 2014-12-31 | 92 | $153.9M | 13 | |
| 2014-09-30 | 94 | $150.0M | 16 | |
| 2014-06-30 | 91 | $151.5M | 12 | |
| 2014-03-31 | 90 | $144.4M | 39 | |
| 2013-12-31 | 94 | $142.6M | — |
Hamel Associates, INC.'s most significant position changes for 2026-03-31: New buy: Visa Inc-class A Shares (V); New buy: AstraZeneca PLC (AZN); Sold out: Astrazeneca Plc-spons Adr (AZNN); New buy: Ishares Ibonds Dec 2032 Tc (IBDX); New buy: Eaton Corporation plc (ETN).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SCHY | Schwab International Dvd ETF | +1.1% | +16.09% | Add |
| 2 | COP | Conocophillips | +0.8% | -3.84% | Trim |
| 3 | CVX | Chevron CORP | +0.6% | -1.18% | Trim |
| 4 | XOM | Exxon Mobil CORP | +0.5% | -14.51% | Trim |
| 5 | JNJ | Johnson & Johnson | +0.4% | -1.16% | Trim |
| 6 | DUK | Duke Energy CORP | +0.3% | +20.44% | Add |
| 7 | LMT | Lockheed Martin CORP | +0.3% | -0.29% | Trim |
| 8 | MRK | Merck & Co. INC. | +0.2% | -0.36% | Trim |
| 9 | HON | Honeywell International INC | +0.2% | +0.29% | Add |
| 10 | VZ | Verizon Communications INC | +0.2% | -0.64% | Trim |
| 11 | ED | Consolidated Edison INC | +0.2% | +1.91% | Add |
| 12 | HSY | Hershey Co/the | +0.1% | -0.11% | Trim |
| 13 | O | Realty Income CORP | +0.1% | +19.38% | Add |
| 14 | IBDV | Ishares Ibonds Dec 2030 CORP | +0.1% | +14.99% | Add |
| 15 | IBDW | Ishares Ibonds Dec 2031 CORP | +0.1% | +24.20% | Add |
| 16 | NVS | Novartis Ag-sponsored Adr | +0.1% | -0.07% | Trim |
| 17 | KR | Kroger Co | +0.1% | +45.65% | Add |
| 18 | KO | Coca-cola Co/the | 0% | -0.69% | Trim |
| 19 | GLD | Spdr Gold Shares | 0% | -0.90% | Trim |
| 20 | IBDT | Ishares Ibonds Dec 2028 ETF | 0% | +8.54% | Add |
| 21 | AMGN | Amgen INC | 0% | -0.37% | Trim |
| 22 | IBDU | Ishares Ibonds Dec 2029 Term | 0% | +8.31% | Add |
| 23 | XLU | St Sr Utl Sl Se Spdr Etf-usd | 0% | +0.75% | Add |
| 24 | PEP | Pepsico INC | 0% | +2.16% | Add |
| 25 | WMT | Walmart INC | 0% | -4.81% | Trim |
| 26 | ITW | Illinois Tool Works | 0% | -0.48% | Trim |
| 27 | IBDS | Ishrs Ibnds Dec 27 CORP ETF | 0% | +4.86% | Add |
| 28 | UNP | Union Pacific CORP | 0% | +0.23% | Add |
| 29 | CB | Chubb Limited | -0.1% | -0.80% | Trim |
| 30 | ABT | Abbott Laboratories | -0.1% | — | Unchanged |
| 31 | GOOGL | Alphabet Inc-cl A | -0.1% | -7.23% | Trim |
| 32 | IBM | Intl Business Machines CORP | -0.2% | -0.60% | Trim |
| 33 | JPM | Jpmorgan Chase & Co | -0.3% | -5.12% | Trim |
| 34 | BNY | Bank Of New York Mellon CORP | -0.3% | -5.15% | Trim |
| 35 | DEO | Diageo Plc-sponsored Adr | -0.4% | -70.46% | Trim |
| 36 | AAPL | Apple INC | -0.8% | -3.34% | Trim |
| 37 | MSFT | Microsoft CORP | -0.8% | +1.09% | Add |
| 38 | GOOG | Alphabet Inc-cl C | -0.8% | -3.98% | Trim |
| 39 | TFLO | Ishares Treasury Floating Ra | -1.4% | -34.53% | Trim |
| 40 | V | Visa Inc-class A Shares | — | NEW | New buy |
| 41 | AZN | AstraZeneca PLC | — | NEW | New buy |
| 42 | AZNN | Astrazeneca Plc-spons Adr | — | EXIT | Sold out |
| 43 | IBDX | Ishares Ibonds Dec 2032 Tc | — | NEW | New buy |
| 44 | ETN | Eaton Corporation plc | — | NEW | New buy |
| 45 | SLB | Slb LTD | — | NEW | New buy |
| 46 | ALEX | Alexander & Baldwin INC | — | EXIT | Sold out |
| 47 | NKE | Nike INC -cl B | — | EXIT | Sold out |
| 48 | PFE | Pfizer INC | — | EXIT | Sold out |
| 49 | GEV | GE Vernova INC | — | EXIT | Sold out |
| 50 | BMY | Bristol-myers Squibb Co | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-07 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-06 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-05 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-02 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-23 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-08 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-03 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-08 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-08 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-06 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-09 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-08 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-06 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-08 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-08 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-04 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-04 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-09 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-10 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-07 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-05 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-01 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-08 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-25 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-10 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-03 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-11 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-09 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-08 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-02 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-17 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-17 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-14 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-17 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-21 | Amendment | View on EDGAR |
| 2014-09-30 | 2014-11-12 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-15 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-13 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-18 | 13F-HR | View on EDGAR |
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