Hamel Associates, Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Hamel Associates, Inc. reported 71 stock positions worth $311.8 million. Its top holding was Walmart (WMT) at 4.6% of the portfolio, followed by Apple (AAPL, 4.5%) and iShares Treasury Floating Ra (TFLO, 4.3%). Compared with Q4 2023, it opened 5 new positions, sold out of 3, added to 27 and reduced 26. The biggest buy was iShares Treasury Floating Ra (TFLO, shares +780%) and the biggest sale Apple (AAPL, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- Center Valley, PA
- CIK
- 0001599760
- Portfolio Value
- $311.8M (Q1 2024)
- SEC Filing
- 0001420506-24-000635 ↗ filed Apr 23, 2024
Holdings Value
Holdings 71 stocks · $311.8M
| WMT Walmart Inc. | 4.61% | 239,058 | $14.4M | Reduce -0.2% |
| AAPL Apple Inc. | 4.48% | 81,495 | $14.0M | Reduce -8.6% |
| TFLO iShares Treasury Floating Ra | 4.26% | 262,350 | $13.3M | Add +780.4% |
| MRK Merck & Co. Inc. | 3.79% | 89,659 | $11.8M | Reduce -0.1% |
| COP Conocophillips | 3.61% | 88,426 | $11.3M | Reduce -0.0% |
| MSFT Microsoft Corp. | 3.56% | 26,348 | $11.1M | Reduce -6.0% |
| PG The Procter & Gamble Co. | 3.51% | 67,502 | $11.0M | Reduce -0.0% |
| JNJ Johnson & Johnson | 3.41% | 67,158 | $10.6M | Add +0.9% |
| CB Chubb Ltd. | 3.27% | 39,338 | $10.2M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 3.25% | 66,600 | $10.1M | Reduce -6.7% |
| UPS United Parcel Service Class B | 2.72% | 56,964 | $8.5M | Add +0.6% |
| ITW Illinois Tool Works | 2.55% | 29,610 | $7.9M | Add +0.9% |
| DG Dollar General Corp. | 2.53% | 50,487 | $7.9M | Add +3.2% |
| IBDR iShares Ibonds Dec 2026 Term | 2.41% | 315,364 | $7.5M | Add +3.7% |
| PXD Pioneer Natural Resources Co. | 2.40% | 28,487 | $7.5M | No change |
| IBDQ iShares Ibonds Dec 2025 Term | 2.39% | 300,855 | $7.5M | Add +3.8% |
| IBDP iShares Ibonds Dec 2024 Term | 2.38% | 296,005 | $7.4M | Add +3.0% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.33% | 305,725 | $7.3M | Add +4.2% |
| CVX Chevron Corp. | 2.31% | 45,591 | $7.2M | Add +4.4% |
| KO The Coca-Cola Co. | 2.24% | 114,100 | $7.0M | Add +1.9% |
| UNP Union Pacific Corp. | 2.19% | 27,793 | $6.8M | Reduce -3.2% |
| MCD McDonald's Corp. | 1.99% | 21,971 | $6.2M | Reduce -0.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.88% | 235,015 | $5.9M | Add +14.3% |
| VMI Valmont Industries | 1.84% | 25,123 | $5.7M | Add +3.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.77% | 95,680 | $5.5M | Add +42.6% |
| HON Honeywell International Inc. | 1.63% | 24,723 | $5.1M | Add +1.1% |
| AMGN Amgen Inc. | 1.56% | 17,098 | $4.9M | No change |
| XOM Exxon Mobil Corp. | 1.53% | 41,049 | $4.8M | Add +6.6% |
| ABBV Abbvie Inc. | 1.41% | 24,221 | $4.4M | Reduce -10.9% |
| HD Home Depot Inc. | 1.38% | 11,183 | $4.3M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 1.37% | 9,389 | $4.3M | Add +3.5% |
| ED Consolidated Edison Inc. | 1.16% | 39,787 | $3.6M | Add +19.0% |
| TD Toronto-Dominion Bank | 1.04% | 53,605 | $3.2M | Reduce -5.9% |
| SCHD Schwab US DVD Equity ETF | 0.96% | 37,046 | $3.0M | Add +0.7% |
| PFE Pfizer Inc. | 0.94% | 106,120 | $2.9M | New |
| HSY The Hershey Co. | 0.93% | 14,922 | $2.9M | Add +7.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.92% | 43,755 | $2.9M | Reduce -3.5% |
| JPM JPMorgan Chase & Co. | 0.88% | 13,747 | $2.8M | No change |
| GLD SPDR Gold Shares | 0.87% | 13,225 | $2.7M | No change |
| PNC PNC Financial Services Group | 0.80% | 15,424 | $2.5M | Add +2.7% |
| ADP Automatic Data Processing | 0.80% | 9,940 | $2.5M | No change |
| SBUX Starbucks Corp. | 0.75% | 25,716 | $2.4M | Reduce -8.9% |
| MKC McCormick & Co.-Non VTG SHRS | 0.72% | 29,405 | $2.3M | Add +2.6% |
| PEP Pepsico Inc. | 0.68% | 12,128 | $2.1M | Add +1.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.63% | 10,350 | $2.0M | No change |
| ABT Abbott Laboratories | 0.63% | 17,213 | $2.0M | Reduce -6.9% |
| VZ Verizon Communications Inc. | 0.63% | 46,455 | $1.9M | Add +5.6% |
| DUK Duke Energy Corp. | 0.58% | 18,647 | $1.8M | Add +60.2% |
| IBDU iShares Ibonds Dec 2029 Term | 0.49% | 66,880 | $1.5M | New |
| GOOGL Alphabet Inc. Class A | 0.46% | 9,430 | $1.4M | Reduce -1.8% |
| DEO Diageo PLC-Sponsored ADR | 0.41% | 8,540 | $1.3M | Reduce -8.8% |
| EMR Emerson Electric Co. | 0.38% | 10,562 | $1.2M | Reduce -5.5% |
| KMB Kimberly-Clark Corp. | 0.37% | 8,893 | $1.2M | Reduce -0.8% |
| SCHW Schwab (charles) Corp. | 0.31% | 13,395 | $969K | Add +4.7% |
| CAT Caterpillar Inc. | 0.29% | 2,465 | $903K | No change |
| META Meta Platforms Inc. Class A | 0.28% | 1,810 | $879K | Reduce -3.5% |
| V Visa Inc. Class A | 0.27% | 3,050 | $851K | No change |
| NVS Novartis AG-Sponsored ADR | 0.27% | 8,645 | $836K | Reduce -5.5% |
| AMZN Amazon.com Inc. | 0.25% | 4,300 | $776K | Reduce -2.2% |
| DE Deere & Co. | 0.24% | 1,810 | $743K | No change |
| SCHY Schwab International DVD ETF | 0.23% | 30,000 | $728K | Add +87.5% |
| GRMN Garmin Ltd. | 0.20% | 4,128 | $615K | New |
| FDX FedEx Corp. | 0.18% | 1,960 | $568K | No change |
| CBU Community Financial System I | 0.15% | 9,550 | $459K | Reduce -80.6% |
| MA Mastercard Inc. Class A | 0.13% | 844 | $406K | No change |
| SHEL Shell PLC-ADR | 0.13% | 6,050 | $406K | No change |
| TPL Texas Pacific Land Corp. | 0.13% | 675 | $390K | No change |
| KRE SS SPDR S&P Regional Bank | 0.12% | 7,250 | $365K | Reduce -29.3% |
| NKE Nike Inc. Class B | 0.10% | 3,405 | $320K | Reduce -7.0% |
| FANG Diamondback Energy Inc. | 0.07% | 1,150 | $228K | New |
| NVDA Nvidia Corp. | 0.07% | 243 | $220K | New |
Portfolio Sells Q4 2023 → Q1 2024
| AAPL Apple Inc. | Reduce -8.6% | 4.48% | −1.57 |
| BA The Boeing Co. | Sold out | 0.00% | −1.04 |
| CBU Community Financial System I | Reduce -80.6% | 0.15% | −0.76 |
| MCD McDonald's Corp. | Reduce -0.3% | 1.99% | −0.32 |
| GOOG Alphabet Inc. Class C | Reduce -6.7% | 3.25% | −0.29 |
| UNP Union Pacific Corp. | Reduce -3.2% | 2.19% | −0.29 |
| TD Toronto-Dominion Bank | Reduce -5.9% | 1.04% | −0.26 |
| SBUX Starbucks Corp. | Reduce -8.9% | 0.75% | −0.20 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.19 |
| MSFT Microsoft Corp. | Reduce -6.0% | 3.56% | −0.16 |
| SWK Stanley Black & Decker Inc. | Sold out | 0.00% | −0.10 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -3.5% | 0.92% | −0.09 |
| ABT Abbott Laboratories | Reduce -6.9% | 0.63% | −0.09 |
| DEO Diageo PLC-Sponsored ADR | Reduce -8.8% | 0.41% | −0.07 |
| KRE SS SPDR S&P Regional Bank | Reduce -29.3% | 0.12% | −0.07 |
| ABBV Abbvie Inc. | Reduce -10.9% | 1.41% | −0.07 |
| NVS Novartis AG-Sponsored ADR | Reduce -5.5% | 0.27% | −0.06 |
| NKE Nike Inc. Class B | Reduce -7.0% | 0.10% | −0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -1.8% | 0.46% | −0.02 |
| KMB Kimberly-Clark Corp. | Reduce -0.8% | 0.37% | −0.01 |
| COP Conocophillips | Reduce -0.0% | 3.61% | −0.01 |
| EMR Emerson Electric Co. | Reduce -5.5% | 0.38% | +0.00 |
| HD Home Depot Inc. | Reduce -0.1% | 1.38% | +0.01 |
| AMZN Amazon.com Inc. | Reduce -2.2% | 0.25% | +0.01 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 3.51% | +0.03 |
| META Meta Platforms Inc. Class A | Reduce -3.5% | 0.28% | +0.05 |
| CB Chubb Ltd. | Reduce -0.2% | 3.27% | +0.13 |
| WMT Walmart Inc. | Reduce -0.2% | 4.61% | +0.18 |
| MRK Merck & Co. Inc. | Reduce -0.1% | 3.79% | +0.35 |
Portfolio Buys Q4 2023 → Q1 2024
| TFLO iShares Treasury Floating Ra | Add +780.4% | 4.26% | +3.73 |
| PFE Pfizer Inc. | New | 0.94% | +0.94 |
| BNY Bank of New York Mellon Corp. | Add +42.6% | 1.77% | +0.54 |
| IBDU iShares Ibonds Dec 2029 Term | New | 0.49% | +0.49 |
| GRMN Garmin Ltd. | New | 0.20% | +0.20 |
| DG Dollar General Corp. | Add +3.2% | 2.53% | +0.18 |
| DUK Duke Energy Corp. | Add +60.2% | 0.58% | +0.18 |
| XOM Exxon Mobil Corp. | Add +6.6% | 1.53% | +0.17 |
| SCHY Schwab International DVD ETF | Add +87.5% | 0.23% | +0.09 |
| ED Consolidated Edison Inc. | Add +19.0% | 1.16% | +0.09 |
| FANG Diamondback Energy Inc. | New | 0.07% | +0.07 |
| NVDA Nvidia Corp. | New | 0.07% | +0.07 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +14.3% | 1.88% | +0.06 |
| VZ Verizon Communications Inc. | Add +5.6% | 0.63% | +0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Add +2.6% | 0.72% | +0.03 |
| HSY The Hershey Co. | Add +7.9% | 0.93% | +0.02 |
| CVX Chevron Corp. | Add +4.4% | 2.31% | +0.01 |
| SCHW Schwab (charles) Corp. | Add +4.7% | 0.31% | +0.00 |
| PNC PNC Financial Services Group | Add +2.7% | 0.80% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Add +0.7% | 0.96% | −0.03 |
| PEP Pepsico Inc. | Add +1.6% | 0.68% | −0.03 |
| LMT Lockheed Martin Corp. | Add +3.5% | 1.37% | −0.08 |
| KO The Coca-Cola Co. | Add +1.9% | 2.24% | −0.09 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +3.8% | 2.39% | −0.13 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +4.2% | 2.33% | −0.14 |
| IBDP iShares Ibonds Dec 2024 Term | Add +3.0% | 2.38% | −0.14 |
| IBDR iShares Ibonds Dec 2026 Term | Add +3.7% | 2.41% | −0.15 |
| VMI Valmont Industries | Add +3.5% | 1.84% | −0.16 |
| ITW Illinois Tool Works | Add +0.9% | 2.55% | −0.16 |
| HON Honeywell International Inc. | Add +1.1% | 1.63% | −0.18 |
| JNJ Johnson & Johnson | Add +0.9% | 3.41% | −0.27 |
| UPS United Parcel Service Class B | Add +0.6% | 2.72% | −0.42 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 92 | $362.7M | SCHY, AAPL, JNJ, GOOG, WMT |
| Q1 2026 | 81 | $350.5M | SCHY, WMT, JNJ, AAPL, XOM |
| Q4 2025 | 79 | $331.8M | SCHY, AAPL, WMT, GOOG, JNJ |
| Q3 2025 | 81 | $325.2M | AAPL, SCHY, WMT, GOOG, KO |
| Q2 2025 | 81 | $295.3M | WMT, AAPL, SCHY, MSFT, XOM |
| Q1 2025 | 71 | $294.2M | AAPL, WMT, XOM, CB, JNJ |
| Q4 2024 | 74 | $310.7M | AAPL, WMT, GOOG, XOM, PG |
| Q3 2024 | 74 | $327.3M | AAPL, WMT, XOM, PG, CB |
| Q2 2024 | 76 | $317.3M | AAPL, WMT, XOM, GOOG, MSFT |
| Q1 2024 | 71 | $311.8M | WMT, AAPL, TFLO, MRK, COP |