Hamel Associates, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Hamel Associates, Inc. reported 71 stock positions worth $294.2 million. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Walmart (WMT, 4.9%) and Exxon Mobil (XOM, 4.2%). Compared with Q4 2024, it opened 1 new position, sold out of 4, added to 14 and reduced 45. The biggest buy was Novartis AG-Sponsored ADR (NVS, shares +373%) and the biggest sale iShares Treasury Floating Ra (TFLO, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- Center Valley, PA
- CIK
- 0001599760
- Portfolio Value
- $294.2M (Q1 2025)
- SEC Filing
- 0001420506-25-000892 ↗ filed May 6, 2025
Holdings Value
Holdings 71 stocks · $294.2M
| AAPL Apple Inc. | 5.69% | 75,415 | $16.8M | Reduce -2.6% |
| WMT Walmart Inc. | 4.95% | 165,748 | $14.6M | Reduce -18.4% |
| XOM Exxon Mobil Corp. | 4.18% | 103,401 | $12.3M | Reduce -2.6% |
| CB Chubb Ltd. | 3.93% | 38,243 | $11.5M | Reduce -1.1% |
| JNJ Johnson & Johnson | 3.76% | 66,719 | $11.1M | Reduce -0.2% |
| COP Conocophillips | 3.38% | 94,715 | $9.9M | Add +1.3% |
| GOOG Alphabet Inc. Class C | 3.35% | 63,172 | $9.9M | Reduce -1.5% |
| PG The Procter & Gamble Co. | 3.31% | 57,207 | $9.7M | Reduce -13.1% |
| MSFT Microsoft Corp. | 3.07% | 24,079 | $9.0M | Reduce -2.7% |
| CVX Chevron Corp. | 2.69% | 47,286 | $7.9M | Reduce -0.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.67% | 93,620 | $7.9M | Reduce -4.5% |
| MRK Merck & Co. Inc. | 2.62% | 85,971 | $7.7M | Reduce -2.5% |
| ITW Illinois Tool Works | 2.49% | 29,570 | $7.3M | Reduce -1.3% |
| KO The Coca-Cola Co. | 2.38% | 97,783 | $7.0M | Reduce -0.5% |
| MCD McDonald's Corp. | 2.33% | 21,929 | $6.8M | Reduce -0.9% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.17% | 264,018 | $6.4M | Reduce -22.1% |
| UNP Union Pacific Corp. | 2.13% | 26,468 | $6.3M | Reduce -1.4% |
| IBDR iShares Ibonds Dec 2026 Term | 2.08% | 252,444 | $6.1M | Reduce -21.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 2.03% | 236,985 | $6.0M | Reduce -22.7% |
| IBDQ iShares Ibonds Dec 2025 Term | 2.01% | 235,283 | $5.9M | Reduce -21.8% |
| HON Honeywell International Inc. | 1.91% | 26,578 | $5.6M | Add +1.0% |
| AMGN Amgen Inc. | 1.88% | 17,771 | $5.5M | Add +6.1% |
| JPM JPMorgan Chase & Co. | 1.84% | 22,027 | $5.4M | Reduce -19.2% |
| ED Consolidated Edison Inc. | 1.82% | 48,487 | $5.4M | Add +20.5% |
| GLD SPDR Gold Shares | 1.73% | 17,658 | $5.1M | Add +33.9% |
| IBDU iShares Ibonds Dec 2029 Term | 1.66% | 211,535 | $4.9M | Reduce -30.1% |
| NVS Novartis AG-Sponsored ADR | 1.56% | 41,060 | $4.6M | Add +373.0% |
| LMT Lockheed Martin Corp. | 1.49% | 9,837 | $4.4M | Reduce -0.6% |
| ABBV Abbvie Inc. | 1.47% | 20,705 | $4.3M | Add +0.7% |
| NKE Nike Inc. Class B | 1.41% | 65,538 | $4.2M | Reduce -1.2% |
| HD Home Depot Inc. | 1.41% | 11,280 | $4.1M | Reduce -0.8% |
| CPB The Campbell's Company | 1.39% | 102,655 | $4.1M | Add +32.4% |
| SCHY Schwab International DVD ETF | 1.33% | 154,225 | $3.9M | Add +267.2% |
| HSY The Hershey Co. | 1.29% | 22,263 | $3.8M | Add +633.5% |
| VZ Verizon Communications Inc. | 1.18% | 76,752 | $3.5M | Add +90.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.17% | 43,773 | $3.5M | Reduce -0.7% |
| SCHD Schwab US DVD Equity ETF | 1.17% | 123,002 | $3.4M | Reduce -24.6% |
| ADP Automatic Data Processing | 1.02% | 9,815 | $3.0M | Reduce -0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.87% | 10,350 | $2.6M | Add +1.0% |
| DUK Duke Energy Corp. | 0.87% | 20,884 | $2.5M | Add +7.2% |
| PNC PNC Financial Services Group | 0.86% | 14,424 | $2.5M | No change |
| TFLO iShares Treasury Floating Ra | 0.81% | 47,290 | $2.4M | Reduce -64.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.81% | 109,105 | $2.4M | Reduce -39.2% |
| SBUX Starbucks Corp. | 0.70% | 20,988 | $2.1M | Reduce -10.6% |
| PEP Pepsico Inc. | 0.58% | 11,403 | $1.7M | Reduce -0.3% |
| GIS General Mills Inc. | 0.57% | 27,945 | $1.7M | Reduce -42.9% |
| ABT Abbott Laboratories | 0.56% | 12,492 | $1.7M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.48% | 9,105 | $1.4M | Reduce -3.5% |
| GRMN Garmin Ltd. | 0.40% | 5,448 | $1.2M | Reduce -1.4% |
| DG Dollar General Corp. | 0.38% | 12,605 | $1.1M | Reduce -22.6% |
| SCHW Schwab (charles) Corp. | 0.34% | 12,945 | $1.0M | Reduce -3.4% |
| EMR Emerson Electric Co. | 0.32% | 8,487 | $931K | Reduce -15.9% |
| META Meta Platforms Inc. Class A | 0.31% | 1,566 | $903K | Reduce -10.5% |
| DEO Diageo PLC-Sponsored ADR | 0.30% | 8,440 | $884K | No change |
| DE Deere & Co. | 0.29% | 1,810 | $850K | No change |
| AMZN Amazon.com Inc. | 0.27% | 4,100 | $780K | Add +1.4% |
| CAT Caterpillar Inc. | 0.25% | 2,228 | $735K | No change |
| VMI Valmont Industries | 0.24% | 2,480 | $708K | Reduce -19.7% |
| MAA Mid-America Apartment Comm | 0.24% | 4,140 | $694K | No change |
| UPS United Parcel Service Class B | 0.19% | 5,210 | $573K | Reduce -54.4% |
| KMB Kimberly-Clark Corp. | 0.18% | 3,660 | $521K | Reduce -37.8% |
| TPL Texas Pacific Land Corp. | 0.17% | 375 | $497K | No change |
| MA Mastercard Inc. Class A | 0.16% | 834 | $457K | No change |
| SHEL Shell PLC-ADR | 0.15% | 6,050 | $443K | No change |
| FDX FedEx Corp. | 0.15% | 1,760 | $429K | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.14% | 5,100 | $420K | Reduce -59.8% |
| BXP BXP Inc. | 0.12% | 5,400 | $363K | No change |
| PFE Pfizer Inc. | 0.09% | 10,335 | $262K | Reduce -90.9% |
| KMI Kinder Morgan Inc. | 0.09% | 8,900 | $254K | No change |
| CSCO Cisco Systems Inc. | 0.08% | 3,830 | $236K | Reduce -4.4% |
| BMY Bristol-Myers Squibb Co. | 0.07% | 3,602 | $220K | New |
Portfolio Sells Q4 2024 → Q1 2025
| TFLO iShares Treasury Floating Ra | Reduce -64.6% | 0.81% | −1.36 |
| WMT Walmart Inc. | Reduce -18.4% | 4.95% | −0.96 |
| PFE Pfizer Inc. | Reduce -90.9% | 0.09% | −0.88 |
| BF.B Brown-Forman Corp. Class B | Sold out | 0.00% | −0.75 |
| GOOG Alphabet Inc. Class C | Reduce -1.5% | 3.35% | −0.58 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -30.1% | 1.66% | −0.56 |
| AAPL Apple Inc. | Reduce -2.6% | 5.69% | −0.55 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -22.1% | 2.17% | −0.44 |
| GIS General Mills Inc. | Reduce -42.9% | 0.57% | −0.44 |
| IBDV iShares Ibonds Dec 2030 Corp. | Reduce -39.2% | 0.81% | −0.43 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -22.7% | 2.03% | −0.42 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -21.7% | 2.08% | −0.42 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -21.8% | 2.01% | −0.41 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.31 |
| MSFT Microsoft Corp. | Reduce -2.7% | 3.07% | −0.28 |
| UPS United Parcel Service Class B | Reduce -54.4% | 0.19% | −0.27 |
| JPM JPMorgan Chase & Co. | Reduce -19.2% | 1.84% | −0.27 |
| SCHD Schwab US DVD Equity ETF | Reduce -24.6% | 1.17% | −0.27 |
| PG The Procter & Gamble Co. | Reduce -13.1% | 3.31% | −0.24 |
| NKE Nike Inc. Class B | Reduce -1.2% | 1.41% | −0.20 |
| MRK Merck & Co. Inc. | Reduce -2.5% | 2.62% | −0.20 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -59.8% | 0.14% | −0.17 |
| KRE SS SPDR S&P Regional Bank | Sold out | 0.00% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -3.5% | 0.48% | −0.10 |
| EMR Emerson Electric Co. | Reduce -15.9% | 0.32% | −0.09 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.07 |
| KMB Kimberly-Clark Corp. | Reduce -37.8% | 0.18% | −0.07 |
| VMI Valmont Industries | Reduce -19.7% | 0.24% | −0.06 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 1.49% | −0.05 |
| META Meta Platforms Inc. Class A | Reduce -10.5% | 0.31% | −0.02 |
| DG Dollar General Corp. | Reduce -22.6% | 0.38% | −0.02 |
| HD Home Depot Inc. | Reduce -0.8% | 1.41% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -4.4% | 0.08% | +0.00 |
| SBUX Starbucks Corp. | Reduce -10.6% | 0.70% | +0.01 |
| PEP Pepsico Inc. | Reduce -0.3% | 0.58% | +0.02 |
| SCHW Schwab (charles) Corp. | Reduce -3.4% | 0.34% | +0.03 |
| GRMN Garmin Ltd. | Reduce -1.4% | 0.40% | +0.04 |
| ITW Illinois Tool Works | Reduce -1.3% | 2.49% | +0.05 |
| ADP Automatic Data Processing | Reduce -0.4% | 1.02% | +0.09 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.7% | 1.17% | +0.10 |
| ABT Abbott Laboratories | Reduce -0.6% | 0.56% | +0.11 |
| UNP Union Pacific Corp. | Reduce -1.4% | 2.13% | +0.16 |
| BNY Bank of New York Mellon Corp. | Reduce -4.5% | 2.67% | +0.25 |
| MCD McDonald's Corp. | Reduce -0.9% | 2.33% | +0.26 |
| KO The Coca-Cola Co. | Reduce -0.5% | 2.38% | +0.41 |
| CVX Chevron Corp. | Reduce -0.4% | 2.69% | +0.48 |
| CB Chubb Ltd. | Reduce -1.1% | 3.93% | +0.49 |
| XOM Exxon Mobil Corp. | Reduce -2.6% | 4.18% | +0.51 |
| JNJ Johnson & Johnson | Reduce -0.2% | 3.76% | +0.65 |
Portfolio Buys Q4 2024 → Q1 2025
| NVS Novartis AG-Sponsored ADR | Add +373.0% | 1.56% | +1.28 |
| HSY The Hershey Co. | Add +633.5% | 1.29% | +1.13 |
| SCHY Schwab International DVD ETF | Add +267.2% | 1.33% | +1.02 |
| GLD SPDR Gold Shares | Add +33.9% | 1.73% | +0.70 |
| ED Consolidated Edison Inc. | Add +20.5% | 1.82% | +0.67 |
| VZ Verizon Communications Inc. | Add +90.1% | 1.18% | +0.66 |
| AMGN Amgen Inc. | Add +6.1% | 1.88% | +0.48 |
| COP Conocophillips | Add +1.3% | 3.38% | +0.40 |
| CPB The Campbell's Company | Add +32.4% | 1.39% | +0.35 |
| ABBV Abbvie Inc. | Add +0.7% | 1.47% | +0.30 |
| DUK Duke Energy Corp. | Add +7.2% | 0.87% | +0.19 |
| IBM Intl Business Machines Corp. | Add +1.0% | 0.87% | +0.15 |
| BMY Bristol-Myers Squibb Co. | New | 0.07% | +0.07 |
| HON Honeywell International Inc. | Add +1.0% | 1.91% | +0.00 |
| AMZN Amazon.com Inc. | Add +1.4% | 0.27% | −0.02 |
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 |