H&
Hapanowicz & Associates Financial Services, Inc SEC 13F Holdings (Q2 2026) — Top Position: VANGUARD RUSSELL 1000 GROWTH
Hapanowicz & Associates Financial Services, IncCIK: 0001695959
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$321.5M
Reporting period: 2026-06-30 · Number of holdings: 37
Hapanowicz & Associates Financial Services, Inc disclosed 37 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $321.5M and a quarterly turnover rate of 24.9%.
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Personality snowflake
- Concentration
- 54.07
- Portfolio Stability
- 24.9
- Momentum
- 100
- Sector conviction
- 68.57
- Diversification
- 74
- Sizing Uniformity
- 79.72
Hapanowicz & Associates Financial Services, Inc's disclosed holdings carry a Herfindahl concentration index of 0.135 — mathematically equivalent to about 7 equally-sized positions, well below its 37 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.03), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 5.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 4% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy UTWO
Trim SCHR
-0.0% -$352.2K
Trim VONV
-0.1% $7.6M
Trim VONG
+0.6% $10.0M
Trim SPY
+0.6% $5.9M
Trim VIG
+1.1% $2.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VONG | Vanguard Russell 1000 Growth | ETF-Other | 21.11% | -1.92% | +0.59% | |
| 2 | VONV | Vanguard Russell 1000 Value | ETF-Other | 20.33% | -2.63% | -0.14% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 13.74% | -1.47% | +0.59% | |
| 4 | UTWO | F/m US Treasury 2 Year Note | ETF-Gov Bonds | 11.04% | +11.04% | NEW | |
| 5 | SCHR | Schwab Intermediate-term US | ETF-Other | 10.72% | -3.12% | -0.01% | |
| 6 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 6.60% | -0.98% | +1.09% | |
| 7 | VOT | Vanguard Mid-cap Growth ETF | ETF-Other | 2.92% | -0.20% | +0.31% | |
| 8 | VONE | Vanguard Russell 1000 | ETF-Other | 2.26% | -0.33% | -2.64% | |
| 9 | FYX | First Trust Small Cap Core A | ETF-Small Cap | 1.87% | -0.15% | -2.10% | |
| 10 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 1.45% | -0.27% | -3.46% | |
| 11 | IWS | Ishares Russell Mid-cap Valu | ETF-Other | 1.12% | -0.16% | -0.52% | |
| 12 | MMIT | Nyli Mackay Muni Intrm ETF | ETF-Other | 0.79% | -0.14% | +7.52% | |
| 13 | OSK | Oshkosh CORP | Stock-Industrials | 0.63% | +0.63% | NEW | |
| 14 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.50% | -0.02% | -1.09% | |
| 15 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.50% | -0.06% | — | |
| 16 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.49% | -0.07% | -0.66% | |
| 17 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.49% | -0.08% | -4.22% | |
| 18 | AAPL | Apple Inc | Stock-Tech | 0.36% | -0.06% | -2.23% | |
| 19 | AMAT | Applied Materials Inc | Stock-Tech | 0.35% | +0.14% | — | |
| 20 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.33% | -0.01% | — | |
| 21 | GLD | Spdr Gold Shares | ETF-Commodities | 0.33% | +0.04% | +68.50% | |
| 22 | NVDA | Nvidia CORP | Stock-Tech | 0.31% | -0.03% | +0.71% | |
| 23 | PNC | Pnc Financial Services Group | Stock-Financials | 0.23% | -0.01% | — | |
| 24 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.21% | -0.05% | — | |
| 25 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.19% | -0.10% | -0.90% | |
| 26 | TSLA | Tesla Inc | Stock-Consumer Disc | 0.19% | -0.03% | — | |
| 27 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.14% | -0.04% | — | |
| 28 | MSFT | Microsoft CORP | Stock-Tech | 0.12% | -0.04% | -5.90% | |
| 29 | VZ | Verizon Communications Inc | Stock-Comm Services | 0.09% | -0.05% | -1.46% | |
| 30 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.08% | +0.08% | NEW | |
| 31 | VT | Vanguard Tot World Stk ETF | ETF-Other | 0.08% | -0.01% | — | |
| 32 | TAFI | AB Tax Aware Short Dur Muni | ETF-Other | 0.08% | -0.02% | — | |
| 33 | CSCO | Cisco Systems Inc | Stock-Tech | 0.08% | +0.08% | NEW | |
| 34 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.07% | +0.07% | NEW | |
| 35 | FDX | Fedex CORP | Stock-Industrials | 0.07% | -0.03% | — | |
| 36 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.07% | -0.03% | -4.95% | |
| 37 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.06% | +0.06% | NEW |
Portfolio Performance
Performance for Q3 2026
+2%
Performance Last 4 Quarters
+18.1%
- Stdev
- +13%
- Beta
- +0.97
- Alpha
- -1.7%
- Max Drawdown
- -9.5%
- Annualized Perf
- +18.3%
- Batting Avg vs S&P
- +33.3%
- Sortino
- +2.72
- Stutzer
- +0.4
- Treynor
- +0.18
- Sterling
- +1.13
- Calmar
- +1.92
- Information Ratio
- -0.65
- Tracking Error
- +3.5%
- Stdev Down
- +6.5%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +34.9%
- Worst 12 Months
- +5.9%
- Efficiency Ratio
- +0.56
- Sharpe
- +1.36
- Stdev Sectors
- +7.6%
- Skewness
- -0.03
- Kurtosis
- -0.56
- Upside Potential
- +4.34
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 37 | $321.5M | 25 | ||
| 2026 Q1 | 31 | $251.4M | 6 | ||
| 2025 Q4 | 34 | $255.2M | 18 | ||
| 2025 Q3 | 34 | $216.6M | 22 | ||
| 2025 Q2 | 34 | $198.0M | 0 | ||
| 2025 Q1 | 32 | $179.6M | 100 | ||
| 2024 Q4 | 28 | $199.1M | 0 | ||
| 2024 Q3 | 29 | $198.6M | 0 | ||
| 2024 Q2 | 30 | $175.1M | 0 | ||
| 2024 Q1 | 31 | $175.1M | 0 | ||
| 2023 Q4 | 31 | $162.4M | 0 | ||
| 2023 Q3 | 29 | $140.7M | 0 | ||
| 2023 Q2 | 33 | $149.5M | 0 | ||
| 2023 Q1 | 29 | $144.9M | 0 | ||
| 2022 Q4 | 30 | $137.8M | 0 | ||
| 2022 Q3 | 27 | $108.2M | 0 | ||
| 2022 Q2 | 29 | $128.2M | 0 | ||
| 2022 Q1 | 26 | $218.3M | 0 | ||
| 2021 Q4 | 33 | $225.3M | 0 | ||
| 2021 Q3 | 30 | $232.0M | 0 | ||
| 2021 Q2 | 30 | $227.0M | 96 | ||
| 2021 Q1 | 29 | $210.4M | 12 | ||
| 2020 Q4 | 35 | $193.0M | 15 | ||
| 2020 Q3 | 30 | $170.2M | 8 | ||
| 2020 Q2 | 18 | $158.9M | 13 | ||
| 2020 Q1 | 18 | $140.3M | 20 | ||
| 2019 Q4 | 23 | $165.6M | 6 | ||
| 2019 Q3 | 16 | $156.7M | 36 | ||
| 2019 Q2 | 18 | $151.5M | 6 | ||
| 2019 Q1 | 19 | $149.2M | 12 | ||
| 2018 Q4 | 18 | $134.3M | 12 | ||
| 2018 Q3 | 17 | $148.8M | 11 | ||
| 2018 Q2 | 16 | $143.1M | 6 | ||
| 2018 Q1 | 15 | $136.3M | 4 | ||
| 2017 Q4 | 14 | $136.7M | 5 | ||
| 2017 Q3 | 14 | $130.5M | 13 | ||
| 2017 Q2 | 19 | $119.3M | 14 | ||
| 2017 Q1 | 21 | $112.7M | 16 | ||
| 2016 Q4 | 19 | $107.3M | 0 |
Holding changes this quarter
Hapanowicz & Associates Financial Services, Inc's most significant position changes for 2026-06-30: New buy: F/m US Treasury 2 Year Note (UTWO); New buy: Oshkosh CORP (OSK); New buy: Vanguard S&p 500 ETF (VOO); New buy: Cisco Systems Inc (CSCO); New buy: Vanguard Total Stock Mkt ETF (VTI).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | UTWO | F/m US Treasury 2 Year Note | +11% | NEW | New buy |
| 2 | OSK | Oshkosh CORP | +0.6% | NEW | New buy |
| 3 | AMAT | Applied Materials Inc | +0.1% | — | Unchanged |
| 4 | VOO | Vanguard S&p 500 ETF | +0.1% | NEW | New buy |
| 5 | CSCO | Cisco Systems Inc | +0.1% | NEW | New buy |
| 6 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | NEW | New buy |
| 7 | JPM | Jpmorgan Chase & Co | +0.1% | NEW | New buy |
| 8 | GLD | Spdr Gold Shares | 0% | +68.50% | Add |
| 9 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 10 | PNC | Pnc Financial Services Group | 0% | — | Unchanged |
| 11 | VT | Vanguard Tot World Stk ETF | 0% | — | Unchanged |
| 12 | GOOG | Alphabet Inc-cl C | 0% | -1.09% | Trim |
| 13 | TAFI | AB Tax Aware Short Dur Muni | 0% | — | Unchanged |
| 14 | NVDA | Nvidia CORP | 0% | +0.71% | Add |
| 15 | TSLA | Tesla Inc | 0% | — | Unchanged |
| 16 | MCD | Mcdonald's CORP | 0% | -4.95% | Trim |
| 17 | FDX | Fedex CORP | 0% | — | Unchanged |
| 18 | MSFT | Microsoft CORP | 0% | -5.90% | Trim |
| 19 | META | Meta Platforms Inc-class A | 0% | — | Unchanged |
| 20 | VZ | Verizon Communications Inc | -0.1% | -1.46% | Trim |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | — | Unchanged |
| 22 | AMZN | Amazon.com Inc | -0.1% | — | Unchanged |
| 23 | AAPL | Apple Inc | -0.1% | -2.23% | Trim |
| 24 | DIA | Ss Spdr Dow Jones Indus Avg | -0.1% | -0.66% | Trim |
| 25 | IWR | Ishares Russell Mid-cap ETF | -0.1% | -4.22% | Trim |
| 26 | LMT | Lockheed Martin CORP | -0.1% | -0.90% | Trim |
| 27 | MMIT | Nyli Mackay Muni Intrm ETF | -0.1% | +7.52% | Add |
| 28 | FYX | First Trust Small Cap Core A | -0.2% | -2.10% | Trim |
| 29 | IWS | Ishares Russell Mid-cap Valu | -0.2% | -0.52% | Trim |
| 30 | VOT | Vanguard Mid-cap Growth ETF | -0.2% | +0.31% | Add |
| 31 | ACWX | Ishares Msci Acwi Ex US ETF | -0.3% | -3.46% | Trim |
| 32 | VONE | Vanguard Russell 1000 | -0.3% | -2.64% | Trim |
| 33 | VIG | Vanguard Dividend Apprec ETF | -1% | +1.09% | Add |
| 34 | SPY | Ss Spdr S&p 500 ETF Trust-us | -1.5% | +0.59% | Add |
| 35 | VONG | Vanguard Russell 1000 Growth | -1.9% | +0.59% | Add |
| 36 | VONV | Vanguard Russell 1000 Value | -2.6% | -0.14% | Trim |
| 37 | SCHR | Schwab Intermediate-term US | -3.1% | -0.01% | Trim |
Filing History
FAQ
What is Hapanowicz & Associates Financial Services, Inc and what type of investor is it?
Hapanowicz & Associates Financial Services, Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $321.5M, spread across 37 disclosed positions.
What are Hapanowicz & Associates Financial Services, Inc's largest equity positions?
Based on the latest 13F filing, Hapanowicz & Associates Financial Services, Inc's top holdings by market value are:
1. Vanguard Russell 1000 Growth (VONG) — $67.9M (21.1%)
2. Vanguard Russell 1000 Value (VONV) — $65.4M (20.3%)
3. Ss Spdr S&p 500 ETF Trust-us (SPY) — $44.2M (13.7%)
4. F/m US Treasury 2 Year Note (UTWO) — $35.5M (11.0%)
5. Schwab Intermediate-term US (SCHR) — $34.5M (10.7%)
What changes did Hapanowicz & Associates Financial Services, Inc make in its most recent portfolio filing?
In the latest reported quarter, Hapanowicz & Associates Financial Services, Inc made 27 notable position adjustments: 6 new positions were initiated, 7 existing holdings were added to, 14 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: F/m US Treasury 2 Year Note (UTWO); New buy: Oshkosh CORP (OSK); New buy: Vanguard S&p 500 ETF (VOO); New buy: Cisco Systems Inc (CSCO); New buy: Vanguard Total Stock Mkt ETF (VTI)
What sectors does Hapanowicz & Associates Financial Services, Inc focus on?
Hapanowicz & Associates Financial Services, Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 29.0%
• Communication Services: 25.1%
• Industrials: 21.1%
• Consumer Discretionary: 17.9%
• Financials: 6.9%
Investment Profile
Hapanowicz & Associates Financial Services, Inc returned an annualized 18.3% over the trailing 36 months — underperforming the S&P 500 by 1.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.97 (roughly in line with the market) and a 33% quarterly batting average against the index.
Its portfolio is moderately concentrated and moderately active.
Its turnover score has risen from 0 to 25 over the past 4 quarters — a shift toward more active trading.
It has added to its VONV position over the past two quarters (+$9.1M, now $65.4M), while trimming MSFT over the same stretch (-$223.4K, still holding $386.4K).
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