Hamel Associates, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Hamel Associates, Inc. reported 81 stock positions worth $325.2 million. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Schwab International DVD ETF (SCHY, 5.4%) and Walmart (WMT, 5.0%). Compared with Q2 2025, it opened 5 new positions, sold out of 5, added to 25 and reduced 35. The biggest buy was Coca-Cola (KO, shares +102%) and the biggest sale Chubb (CB, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- Center Valley, PA
- CIK
- 0001599760
- Portfolio Value
- $325.2M (Q3 2025)
- SEC Filing
- 0001420506-25-003104 ↗ filed Nov 12, 2025
Holdings Value
Holdings 81 stocks · $325.2M
| AAPL Apple Inc. | 5.66% | 72,277 | $18.4M | Reduce -2.7% |
| SCHY Schwab International DVD ETF | 5.42% | 630,548 | $17.6M | Add +16.8% |
| WMT Walmart Inc. | 5.00% | 157,984 | $16.3M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 4.63% | 61,850 | $15.1M | Reduce -1.0% |
| KO The Coca-Cola Co. | 4.03% | 197,783 | $13.1M | Add +101.7% |
| JNJ Johnson & Johnson | 3.80% | 66,626 | $12.4M | Reduce -0.2% |
| MSFT Microsoft Corp. | 3.69% | 23,150 | $12.0M | Reduce -2.7% |
| XOM Exxon Mobil Corp. | 3.60% | 103,839 | $11.7M | Reduce -1.1% |
| CB Chubb Ltd. | 3.15% | 36,339 | $10.3M | Reduce -3.2% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 3.08% | 91,915 | $10.0M | Reduce -0.7% |
| COP Conocophillips | 2.80% | 96,333 | $9.1M | Add +2.0% |
| PG The Procter & Gamble Co. | 2.68% | 56,748 | $8.7M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 2.38% | 92,342 | $7.8M | Reduce -1.0% |
| ITW Illinois Tool Works | 2.34% | 29,230 | $7.6M | Reduce -0.5% |
| CVX Chevron Corp. | 2.22% | 46,478 | $7.2M | Reduce -1.3% |
| MCD McDonald's Corp. | 1.98% | 21,182 | $6.4M | Reduce -0.1% |
| GLD SPDR Gold Shares | 1.96% | 17,949 | $6.4M | Add +0.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.89% | 252,648 | $6.1M | Reduce -1.7% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.84% | 234,775 | $6.0M | Add +1.4% |
| UNP Union Pacific Corp. | 1.83% | 25,221 | $6.0M | Reduce -3.2% |
| IBDR iShares Ibonds Dec 2026 Term | 1.80% | 240,379 | $5.8M | Reduce -1.5% |
| AMGN Amgen Inc. | 1.77% | 20,372 | $5.7M | Add +3.8% |
| JPM JPMorgan Chase & Co. | 1.76% | 18,109 | $5.7M | Reduce -13.4% |
| HON Honeywell International Inc. | 1.74% | 26,913 | $5.7M | Add +1.7% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.68% | 216,638 | $5.5M | Reduce -4.0% |
| NVS Novartis AG-Sponsored ADR | 1.60% | 40,585 | $5.2M | Reduce -0.4% |
| TFLO iShares Treasury Floating Ra | 1.49% | 96,095 | $4.9M | Add +295.2% |
| ED Consolidated Edison Inc. | 1.49% | 48,057 | $4.8M | Add +1.9% |
| ABBV Abbvie Inc. | 1.46% | 20,555 | $4.8M | No change |
| IBDU iShares Ibonds Dec 2029 Term | 1.46% | 201,685 | $4.7M | Reduce -1.8% |
| LMT Lockheed Martin Corp. | 1.44% | 9,388 | $4.7M | Reduce -4.0% |
| HD Home Depot Inc. | 1.41% | 11,302 | $4.6M | Reduce -1.1% |
| HSY The Hershey Co. | 1.33% | 23,073 | $4.3M | Add +3.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.17% | 43,565 | $3.8M | No change |
| VZ Verizon Communications Inc. | 1.12% | 82,545 | $3.6M | Add +7.2% |
| PNC PNC Financial Services Group | 1.10% | 17,789 | $3.6M | Add +23.3% |
| DUK Duke Energy Corp. | 1.01% | 26,639 | $3.3M | Add +5.7% |
| ADP Automatic Data Processing | 0.88% | 9,765 | $2.9M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.87% | 10,086 | $2.8M | Reduce -3.3% |
| SCHD Schwab US DVD Equity ETF | 0.84% | 100,530 | $2.7M | Reduce -10.6% |
| IBDV iShares Ibonds Dec 2030 Corp. | 0.75% | 109,775 | $2.4M | Reduce -2.5% |
| PEP Pepsico Inc. | 0.69% | 15,898 | $2.2M | Add +31.4% |
| GOOGL Alphabet Inc. Class A | 0.66% | 8,835 | $2.1M | No change |
| ABT Abbott Laboratories | 0.51% | 12,492 | $1.7M | Reduce -1.2% |
| GRMN Garmin Ltd. | 0.41% | 5,448 | $1.3M | No change |
| SCHW Schwab (charles) Corp. | 0.38% | 13,050 | $1.2M | Add +0.8% |
| SBUX Starbucks Corp. | 0.36% | 13,735 | $1.2M | No change |
| EMR Emerson Electric Co. | 0.34% | 8,387 | $1.1M | Reduce -1.2% |
| HII Huntington Ingalls Industrie | 0.33% | 3,736 | $1.1M | Add +11.0% |
| META Meta Platforms Inc. Class A | 0.31% | 1,389 | $1.0M | Add +0.4% |
| CAT Caterpillar Inc. | 0.31% | 2,122 | $1.0M | Add +1.1% |
| DG Dollar General Corp. | 0.28% | 8,755 | $905K | Reduce -17.4% |
| VMI Valmont Industries | 0.26% | 2,165 | $839K | No change |
| AMZN Amazon.com Inc. | 0.25% | 3,758 | $825K | Reduce -3.4% |
| MAA Mid-America Apartment Comm | 0.23% | 5,390 | $753K | Add +30.2% |
| DEO Diageo PLC-Sponsored ADR | 0.21% | 7,105 | $677K | Reduce -3.9% |
| MA Mastercard Inc. Class A | 0.14% | 817 | $465K | Reduce -2.0% |
| KMB Kimberly-Clark Corp. | 0.13% | 3,460 | $430K | Reduce -5.5% |
| SHEL Shell PLC-ADR | 0.13% | 6,050 | $430K | No change |
| TRV The Travelers Cos Inc. | 0.13% | 1,495 | $417K | New |
| FDX FedEx Corp. | 0.13% | 1,760 | $415K | No change |
| BXP BXP Inc. | 0.12% | 5,400 | $401K | No change |
| DE Deere & Co. | 0.11% | 785 | $359K | No change |
| NVDA Nvidia Corp. | 0.11% | 1,863 | $346K | Reduce -10.1% |
| MKC McCormick & Co.-Non VTG SHRS | 0.10% | 5,100 | $341K | No change |
| NICE Nice Ltd. - Spon ADR | 0.09% | 1,965 | $284K | New |
| NKE Nike Inc. Class B | 0.08% | 3,925 | $274K | No change |
| PFE Pfizer Inc. | 0.08% | 10,335 | $263K | No change |
| IBTH iShares Ibonds Dec 2027 Term | 0.08% | 11,597 | $261K | Add +10.8% |
| IBTG iShares Ibonds Dec 2026 Term | 0.08% | 11,118 | $255K | Add +8.9% |
| KMI Kinder Morgan Inc. | 0.08% | 8,900 | $252K | No change |
| IBTK iShares Ibonds Dec 2030 Trea | 0.08% | 12,554 | $250K | Add +4.2% |
| IBTJ iShares Ibonds Dec 2029 Term | 0.08% | 11,309 | $248K | Add +4.3% |
| IBTI iShares Ibonds Dec 2028 Term | 0.08% | 11,048 | $247K | Add +4.3% |
| ALEX Alexander & Baldwin Inc. | 0.08% | 13,500 | $246K | New |
| IBTF iShares Ibonds Dec 2025 Term | 0.07% | 10,415 | $243K | Add +4.2% |
| GEV GE Vernova Inc. | 0.07% | 376 | $231K | Reduce -5.0% |
| CSCO Cisco Systems Inc. | 0.07% | 3,325 | $227K | No change |
| O Realty Income Corp. | 0.07% | 3,700 | $225K | New |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.06% | 3,578 | $206K | Reduce -15.7% |
| AVGO Broadcom Inc. | 0.06% | 613 | $202K | New |
Portfolio Sells Q2 2025 → Q3 2025
| CB Chubb Ltd. | Reduce -3.2% | 3.15% | −0.53 |
| WMT Walmart Inc. | Reduce -3.0% | 5.00% | −0.39 |
| PG The Procter & Gamble Co. | Reduce -0.2% | 2.68% | −0.39 |
| MSFT Microsoft Corp. | Reduce -2.7% | 3.69% | −0.32 |
| JPM JPMorgan Chase & Co. | Reduce -13.4% | 1.76% | −0.30 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -4.0% | 1.68% | −0.25 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 3.60% | −0.24 |
| CPB The Campbell's Company | Sold out | 0.00% | −0.23 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -1.7% | 1.89% | −0.22 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -1.5% | 1.80% | −0.21 |
| UNP Union Pacific Corp. | Reduce -3.2% | 1.83% | −0.20 |
| UPS United Parcel Service Class B | Sold out | 0.00% | −0.17 |
| IBDU iShares Ibonds Dec 2029 Term | Reduce -1.8% | 1.46% | −0.17 |
| IBM Intl Business Machines Corp. | Reduce -3.3% | 0.87% | −0.17 |
| SCHD Schwab US DVD Equity ETF | Reduce -10.6% | 0.84% | −0.17 |
| TPL Texas Pacific Land Corp. | Sold out | 0.00% | −0.13 |
| DG Dollar General Corp. | Reduce -17.4% | 0.28% | −0.13 |
| MCD McDonald's Corp. | Reduce -0.1% | 1.98% | −0.12 |
| MRK Merck & Co. Inc. | Reduce -1.0% | 2.38% | −0.12 |
| ITW Illinois Tool Works | Reduce -0.5% | 2.34% | −0.12 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -4.0% | 1.44% | −0.09 |
| IBDV iShares Ibonds Dec 2030 Corp. | Reduce -2.5% | 0.75% | −0.09 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.08 |
| NVS Novartis AG-Sponsored ADR | Reduce -0.4% | 1.60% | −0.07 |
| ABT Abbott Laboratories | Reduce -1.2% | 0.51% | −0.07 |
| CVX Chevron Corp. | Reduce -1.3% | 2.22% | −0.07 |
| EMR Emerson Electric Co. | Reduce -1.2% | 0.34% | −0.04 |
| DEO Diageo PLC-Sponsored ADR | Reduce -3.9% | 0.21% | −0.04 |
| AMZN Amazon.com Inc. | Reduce -3.4% | 0.25% | −0.04 |
| KMB Kimberly-Clark Corp. | Reduce -5.5% | 0.13% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -2.0% | 0.14% | −0.02 |
| JEPQ JPM Nasdaq Equity Premium | Reduce -15.7% | 0.06% | −0.01 |
| HD Home Depot Inc. | Reduce -1.1% | 1.41% | −0.01 |
| NVDA Nvidia Corp. | Reduce -10.1% | 0.11% | −0.00 |
| GEV GE Vernova Inc. | Reduce -5.0% | 0.07% | +0.00 |
| BNY Bank of New York Mellon Corp. | Reduce -0.7% | 3.08% | +0.22 |
| JNJ Johnson & Johnson | Reduce -0.2% | 3.80% | +0.34 |
| AAPL Apple Inc. | Reduce -2.7% | 5.66% | +0.49 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 4.63% | +0.88 |
Portfolio Buys Q2 2025 → Q3 2025
| KO The Coca-Cola Co. | Add +101.7% | 4.03% | +1.68 |
| TFLO iShares Treasury Floating Ra | Add +295.2% | 1.49% | +1.08 |
| SCHY Schwab International DVD ETF | Add +16.8% | 5.42% | +0.42 |
| PNC PNC Financial Services Group | Add +23.3% | 1.10% | +0.19 |
| PEP Pepsico Inc. | Add +31.4% | 0.69% | +0.14 |
| TRV The Travelers Cos Inc. | New | 0.13% | +0.13 |
| GLD SPDR Gold Shares | Add +0.3% | 1.96% | +0.12 |
| NICE Nice Ltd. - Spon ADR | New | 0.09% | +0.09 |
| ALEX Alexander & Baldwin Inc. | New | 0.08% | +0.08 |
| HSY The Hershey Co. | Add +3.1% | 1.33% | +0.07 |
| O Realty Income Corp. | New | 0.07% | +0.07 |
| AVGO Broadcom Inc. | New | 0.06% | +0.06 |
| HII Huntington Ingalls Industrie | Add +11.0% | 0.33% | +0.06 |
| CAT Caterpillar Inc. | Add +1.1% | 0.31% | +0.03 |
| MAA Mid-America Apartment Comm | Add +30.2% | 0.23% | +0.02 |
| DUK Duke Energy Corp. | Add +5.7% | 1.01% | +0.01 |
| IBTH iShares Ibonds Dec 2027 Term | Add +10.8% | 0.08% | +0.00 |
| IBTG iShares Ibonds Dec 2026 Term | Add +8.9% | 0.08% | −0.00 |
| IBTI iShares Ibonds Dec 2028 Term | Add +4.3% | 0.08% | −0.00 |
| IBTK iShares Ibonds Dec 2030 Trea | Add +4.2% | 0.08% | −0.00 |
| IBTJ iShares Ibonds Dec 2029 Term | Add +4.3% | 0.08% | −0.00 |
| IBTF iShares Ibonds Dec 2025 Term | Add +4.2% | 0.07% | −0.00 |
| VZ Verizon Communications Inc. | Add +7.2% | 1.12% | −0.01 |
| SCHW Schwab (charles) Corp. | Add +0.8% | 0.38% | −0.02 |
| META Meta Platforms Inc. Class A | Add +0.4% | 0.31% | −0.03 |
| COP Conocophillips | Add +2.0% | 2.80% | −0.07 |
| AMGN Amgen Inc. | Add +3.8% | 1.77% | −0.09 |
| ED Consolidated Edison Inc. | Add +1.9% | 1.49% | −0.12 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +1.4% | 1.84% | −0.15 |
| HON Honeywell International Inc. | Add +1.7% | 1.74% | −0.35 |
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 |