Hamel Associates, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Hamel Associates, Inc. reported 81 stock positions worth $295.3 million. Its top holding was Walmart (WMT) at 5.4% of the portfolio, followed by Apple (AAPL, 5.2%) and Schwab International DVD ETF (SCHY, 5.0%). Compared with Q1 2025, it opened 11 new positions, sold out of 1, added to 15 and reduced 41. The biggest buy was Schwab International DVD ETF (SCHY, shares +250%) and the biggest sale Nike Class B (NKE, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- Center Valley, PA
- CIK
- 0001599760
- Portfolio Value
- $295.3M (Q2 2025)
- SEC Filing
- 0001420506-25-001904 ↗ filed Aug 13, 2025
Holdings Value
Holdings 81 stocks · $295.3M
| WMT Walmart Inc. | 5.40% | 162,944 | $15.9M | Reduce -1.7% |
| AAPL Apple Inc. | 5.16% | 74,314 | $15.2M | Reduce -1.5% |
| SCHY Schwab International DVD ETF | 5.00% | 539,955 | $14.8M | Add +250.1% |
| MSFT Microsoft Corp. | 4.01% | 23,788 | $11.8M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 3.84% | 105,049 | $11.3M | Add +1.6% |
| GOOG Alphabet Inc. Class C | 3.75% | 62,461 | $11.1M | Reduce -1.1% |
| CB Chubb Ltd. | 3.68% | 37,544 | $10.9M | Reduce -1.8% |
| JNJ Johnson & Johnson | 3.45% | 66,756 | $10.2M | Add +0.1% |
| PG The Procter & Gamble Co. | 3.07% | 56,853 | $9.1M | Reduce -0.6% |
| COP Conocophillips | 2.87% | 94,483 | $8.5M | Reduce -0.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 2.86% | 92,550 | $8.4M | Reduce -1.1% |
| MRK Merck & Co. Inc. | 2.50% | 93,287 | $7.4M | Add +8.5% |
| ITW Illinois Tool Works | 2.46% | 29,375 | $7.3M | Reduce -0.7% |
| KO The Coca-Cola Co. | 2.35% | 98,063 | $6.9M | Add +0.3% |
| CVX Chevron Corp. | 2.28% | 47,083 | $6.7M | Reduce -0.4% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 2.11% | 257,028 | $6.2M | Reduce -2.6% |
| MCD McDonald's Corp. | 2.10% | 21,214 | $6.2M | Reduce -3.3% |
| HON Honeywell International Inc. | 2.09% | 26,463 | $6.2M | Reduce -0.4% |
| JPM JPMorgan Chase & Co. | 2.05% | 20,902 | $6.1M | Reduce -5.1% |
| UNP Union Pacific Corp. | 2.03% | 26,061 | $6.0M | Reduce -1.5% |
| IBDR iShares Ibonds Dec 2026 Term | 2.00% | 244,019 | $5.9M | Reduce -3.3% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.99% | 231,445 | $5.9M | Reduce -2.3% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.92% | 225,618 | $5.7M | Reduce -4.1% |
| AMGN Amgen Inc. | 1.86% | 19,632 | $5.5M | Add +10.5% |
| GLD SPDR Gold Shares | 1.85% | 17,886 | $5.5M | Add +1.3% |
| NVS Novartis AG-Sponsored ADR | 1.67% | 40,755 | $4.9M | Reduce -0.7% |
| IBDU iShares Ibonds Dec 2029 Term | 1.62% | 205,435 | $4.8M | Reduce -2.9% |
| ED Consolidated Edison Inc. | 1.60% | 47,142 | $4.7M | Reduce -2.8% |
| LMT Lockheed Martin Corp. | 1.53% | 9,783 | $4.5M | Reduce -0.6% |
| HD Home Depot Inc. | 1.42% | 11,429 | $4.2M | Add +1.3% |
| ABBV Abbvie Inc. | 1.29% | 20,555 | $3.8M | Reduce -0.7% |
| HSY The Hershey Co. | 1.26% | 22,373 | $3.7M | Add +0.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.20% | 43,565 | $3.6M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 1.13% | 77,015 | $3.3M | Add +0.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.04% | 10,427 | $3.1M | Add +0.7% |
| ADP Automatic Data Processing | 1.02% | 9,765 | $3.0M | Reduce -0.5% |
| SCHD Schwab US DVD Equity ETF | 1.01% | 112,453 | $3.0M | Reduce -8.6% |
| DUK Duke Energy Corp. | 1.01% | 25,214 | $3.0M | Add +20.7% |
| PNC PNC Financial Services Group | 0.91% | 14,424 | $2.7M | No change |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.84% | 112,580 | $2.5M | Add +3.2% |
| ABT Abbott Laboratories | 0.58% | 12,646 | $1.7M | Add +1.2% |
| PEP Pepsico Inc. | 0.54% | 12,098 | $1.6M | Add +6.1% |
| GOOGL Alphabet Inc. Class A | 0.53% | 8,835 | $1.6M | Reduce -3.0% |
| SBUX Starbucks Corp. | 0.43% | 13,735 | $1.3M | Reduce -34.6% |
| TFLO iShares Treasury Floating Ra | 0.42% | 24,315 | $1.2M | Reduce -48.6% |
| DG Dollar General Corp. | 0.41% | 10,605 | $1.2M | Reduce -15.9% |
| SCHW Schwab (charles) Corp. | 0.40% | 12,945 | $1.2M | No change |
| GRMN Garmin Ltd. | 0.39% | 5,448 | $1.1M | No change |
| EMR Emerson Electric Co. | 0.38% | 8,487 | $1.1M | No change |
| META Meta Platforms Inc. Class A | 0.35% | 1,384 | $1.0M | Reduce -11.6% |
| AMZN Amazon.com Inc. | 0.29% | 3,890 | $853K | Reduce -5.1% |
| CAT Caterpillar Inc. | 0.28% | 2,098 | $816K | Reduce -5.8% |
| HII Huntington Ingalls Industrie | 0.28% | 3,366 | $813K | New |
| DEO Diageo PLC-Sponsored ADR | 0.25% | 7,390 | $746K | Reduce -12.4% |
| VMI Valmont Industries | 0.24% | 2,165 | $707K | Reduce -12.7% |
| CPB The Campbell's Company | 0.23% | 21,775 | $667K | Reduce -78.8% |
| MAA Mid-America Apartment Comm | 0.21% | 4,140 | $613K | No change |
| UPS United Parcel Service Class B | 0.17% | 5,115 | $516K | Reduce -1.8% |
| KMB Kimberly-Clark Corp. | 0.16% | 3,660 | $472K | No change |
| MA Mastercard Inc. Class A | 0.16% | 834 | $469K | No change |
| SHEL Shell PLC-ADR | 0.14% | 6,050 | $426K | No change |
| FDX FedEx Corp. | 0.14% | 1,760 | $400K | No change |
| DE Deere & Co. | 0.14% | 785 | $399K | Reduce -56.6% |
| TPL Texas Pacific Land Corp. | 0.13% | 375 | $396K | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.13% | 5,100 | $387K | No change |
| BXP BXP Inc. | 0.12% | 5,400 | $364K | No change |
| NVDA Nvidia Corp. | 0.11% | 2,073 | $328K | New |
| GIS General Mills Inc. | 0.10% | 5,615 | $291K | Reduce -79.9% |
| NKE Nike Inc. Class B | 0.09% | 3,925 | $279K | Reduce -94.0% |
| KMI Kinder Morgan Inc. | 0.09% | 8,900 | $262K | No change |
| PFE Pfizer Inc. | 0.08% | 10,335 | $251K | No change |
| IBTK iShares Ibonds Dec 2030 Trea | 0.08% | 12,044 | $239K | New |
| IBTJ iShares Ibonds Dec 2029 Term | 0.08% | 10,846 | $238K | New |
| NFLX Netflix Inc. | 0.08% | 177 | $237K | New |
| IBTI iShares Ibonds Dec 2028 Term | 0.08% | 10,590 | $237K | New |
| IBTH iShares Ibonds Dec 2027 Term | 0.08% | 10,469 | $235K | New |
| IBTG iShares Ibonds Dec 2026 Term | 0.08% | 10,210 | $234K | New |
| IBTF iShares Ibonds Dec 2025 Term | 0.08% | 9,998 | $234K | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.08% | 4,243 | $231K | New |
| CSCO Cisco Systems Inc. | 0.08% | 3,325 | $231K | Reduce -13.2% |
| GEV GE Vernova Inc. | 0.07% | 396 | $210K | New |
Portfolio Sells Q1 2025 → Q2 2025
| NKE Nike Inc. Class B | Reduce -94.0% | 0.09% | −1.32 |
| CPB The Campbell's Company | Reduce -78.8% | 0.23% | −1.17 |
| AAPL Apple Inc. | Reduce -1.5% | 5.16% | −0.53 |
| COP Conocophillips | Reduce -0.2% | 2.87% | −0.51 |
| GIS General Mills Inc. | Reduce -79.9% | 0.10% | −0.47 |
| CVX Chevron Corp. | Reduce -0.4% | 2.28% | −0.40 |
| TFLO iShares Treasury Floating Ra | Reduce -48.6% | 0.42% | −0.40 |
| SBUX Starbucks Corp. | Reduce -34.6% | 0.43% | −0.27 |
| PG The Procter & Gamble Co. | Reduce -0.6% | 3.07% | −0.25 |
| CB Chubb Ltd. | Reduce -1.8% | 3.68% | −0.24 |
| MCD McDonald's Corp. | Reduce -3.3% | 2.10% | −0.23 |
| ED Consolidated Edison Inc. | Reduce -2.8% | 1.60% | −0.22 |
| ABBV Abbvie Inc. | Reduce -0.7% | 1.29% | −0.18 |
| SCHD Schwab US DVD Equity ETF | Reduce -8.6% | 1.01% | −0.16 |
| DE Deere & Co. | Reduce -56.6% | 0.14% | −0.15 |
| UNP Union Pacific Corp. | Reduce -1.5% | 2.03% | −0.09 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -4.1% | 1.92% | −0.09 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.07 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -3.3% | 2.00% | −0.07 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -2.6% | 2.11% | −0.06 |
| DEO Diageo PLC-Sponsored ADR | Reduce -12.4% | 0.25% | −0.05 |
| IBDT iShares Ibonds Dec 2028 ETF | Reduce -2.3% | 1.99% | −0.04 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -2.9% | 1.62% | −0.04 |
| ITW Illinois Tool Works | Reduce -0.7% | 2.46% | −0.03 |
| UPS United Parcel Service Class B | Reduce -1.8% | 0.17% | −0.02 |
| CSCO Cisco Systems Inc. | Reduce -13.2% | 0.08% | −0.00 |
| VMI Valmont Industries | Reduce -12.7% | 0.24% | −0.00 |
| ADP Automatic Data Processing | Reduce -0.5% | 1.02% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 0.29% | +0.02 |
| CAT Caterpillar Inc. | Reduce -5.8% | 0.28% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -0.5% | 1.20% | +0.03 |
| DG Dollar General Corp. | Reduce -15.9% | 0.41% | +0.03 |
| META Meta Platforms Inc. Class A | Reduce -11.6% | 0.35% | +0.04 |
| LMT Lockheed Martin Corp. | Reduce -0.6% | 1.53% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -3.0% | 0.53% | +0.05 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.7% | 1.67% | +0.11 |
| HON Honeywell International Inc. | Reduce -0.4% | 2.09% | +0.17 |
| BNY Bank of New York Mellon Corp. | Reduce -1.1% | 2.86% | +0.19 |
| JPM JPMorgan Chase & Co. | Reduce -5.1% | 2.05% | +0.22 |
| GOOG Alphabet Inc. Class C | Reduce -1.1% | 3.75% | +0.40 |
| WMT Walmart Inc. | Reduce -1.7% | 5.40% | +0.45 |
| MSFT Microsoft Corp. | Reduce -1.2% | 4.01% | +0.94 |
Portfolio Buys Q1 2025 → Q2 2025
| SCHY Schwab International DVD ETF | Add +250.1% | 5.00% | +3.67 |
| HII Huntington Ingalls Industrie | New | 0.28% | +0.28 |
| IBM Intl Business Machines Corp. | Add +0.7% | 1.04% | +0.17 |
| DUK Duke Energy Corp. | Add +20.7% | 1.01% | +0.14 |
| GLD SPDR Gold Shares | Add +1.3% | 1.85% | +0.12 |
| NVDA Nvidia Corp. | New | 0.11% | +0.11 |
| IBTK iShares Ibonds Dec 2030 Trea | New | 0.08% | +0.08 |
| IBTJ iShares Ibonds Dec 2029 Term | New | 0.08% | +0.08 |
| NFLX Netflix Inc. | New | 0.08% | +0.08 |
| IBTI iShares Ibonds Dec 2028 Term | New | 0.08% | +0.08 |
| IBTH iShares Ibonds Dec 2027 Term | New | 0.08% | +0.08 |
| IBTG iShares Ibonds Dec 2026 Term | New | 0.08% | +0.08 |
| IBTF iShares Ibonds Dec 2025 Term | New | 0.08% | +0.08 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.08% | +0.08 |
| GEV GE Vernova Inc. | New | 0.07% | +0.07 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +3.2% | 0.84% | +0.03 |
| ABT Abbott Laboratories | Add +1.2% | 0.58% | +0.02 |
| HD Home Depot Inc. | Add +1.3% | 1.42% | +0.01 |
| AMGN Amgen Inc. | Add +10.5% | 1.86% | −0.03 |
| KO The Coca-Cola Co. | Add +0.3% | 2.35% | −0.03 |
| HSY The Hershey Co. | Add +0.5% | 1.26% | −0.04 |
| PEP Pepsico Inc. | Add +6.1% | 0.54% | −0.04 |
| VZ Verizon Communications Inc. | Add +0.3% | 1.13% | −0.05 |
| MRK Merck & Co. Inc. | Add +8.5% | 2.50% | −0.12 |
| JNJ Johnson & Johnson | Add +0.1% | 3.45% | −0.31 |
| XOM Exxon Mobil Corp. | Add +1.6% | 3.84% | −0.34 |
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 |