Hamel Associates, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Hamel Associates, Inc. reported 79 stock positions worth $331.8 million. Its top holding was Schwab International DVD ETF (SCHY) at 6.4% of the portfolio, followed by Apple (AAPL, 5.3%) and Walmart (WMT, 4.9%). Compared with Q3 2025, it opened 6 new positions, sold out of 9, added to 24 and reduced 33. The biggest buy was iShares Treasury Floating Ra (TFLO, shares +145%) and the biggest sale Coca-Cola (KO, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- Center Valley, PA
- CIK
- 0001599760
- Portfolio Value
- $331.8M (Q4 2025)
- SEC Filing
- 0001420506-26-000284 ↗ filed Feb 11, 2026
Holdings Value
Holdings 79 stocks · $331.8M
| SCHY Schwab International DVD ETF | 6.36% | 707,159 | $21.1M | Add +12.2% |
| AAPL Apple Inc. | 5.30% | 64,713 | $17.6M | Reduce -10.5% |
| WMT Walmart Inc. | 4.95% | 147,320 | $16.4M | Reduce -6.8% |
| GOOG Alphabet Inc. Class C | 4.90% | 51,808 | $16.3M | Reduce -16.2% |
| JNJ Johnson & Johnson | 4.14% | 66,323 | $13.7M | Reduce -0.5% |
| XOM Exxon Mobil Corp. | 3.69% | 101,628 | $12.2M | Reduce -2.1% |
| TFLO iShares Treasury Floating Ra | 3.59% | 235,805 | $11.9M | Add +145.4% |
| CB Chubb Ltd. | 3.44% | 36,544 | $11.4M | Add +0.6% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 3.14% | 89,830 | $10.4M | Reduce -2.3% |
| MSFT Microsoft Corp. | 3.04% | 20,854 | $10.1M | Reduce -9.9% |
| MRK Merck & Co. Inc. | 2.96% | 93,137 | $9.8M | Add +0.9% |
| COP Conocophillips | 2.72% | 96,319 | $9.0M | Reduce -0.0% |
| PG The Procter & Gamble Co. | 2.50% | 57,956 | $8.3M | Add +2.1% |
| ITW Illinois Tool Works | 2.18% | 29,430 | $7.2M | Add +0.7% |
| CVX Chevron Corp. | 2.14% | 46,478 | $7.1M | No change |
| GLD SPDR Gold Shares | 2.13% | 17,867 | $7.1M | Reduce -0.5% |
| KO The Coca-Cola Co. | 2.07% | 98,183 | $6.9M | Reduce -50.4% |
| AMGN Amgen Inc. | 1.99% | 20,203 | $6.6M | Reduce -0.8% |
| MCD McDonald's Corp. | 1.96% | 21,245 | $6.5M | Add +0.3% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 1.90% | 260,043 | $6.3M | Add +2.9% |
| IBDT iShares Ibonds Dec 2028 ETF | 1.86% | 242,188 | $6.2M | Add +3.2% |
| IBDR iShares Ibonds Dec 2026 Term | 1.75% | 238,950 | $5.8M | Reduce -0.6% |
| NVS Novartis AG-Sponsored ADR | 1.69% | 40,585 | $5.6M | No change |
| HON Honeywell International Inc. | 1.62% | 27,614 | $5.4M | Add +2.6% |
| IBDU iShares Ibonds Dec 2029 Term | 1.61% | 227,779 | $5.3M | Add +12.9% |
| UNP Union Pacific Corp. | 1.55% | 22,161 | $5.1M | Reduce -12.1% |
| ED Consolidated Edison Inc. | 1.52% | 50,897 | $5.1M | Add +5.9% |
| JPM JPMorgan Chase & Co. | 1.45% | 14,939 | $4.8M | Reduce -17.5% |
| ABBV Abbvie Inc. | 1.42% | 20,555 | $4.7M | No change |
| LMT Lockheed Martin Corp. | 1.36% | 9,363 | $4.5M | Reduce -0.3% |
| HSY The Hershey Co. | 1.29% | 23,483 | $4.3M | Add +1.8% |
| PNC PNC Financial Services Group | 1.23% | 19,614 | $4.1M | Add +10.3% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.12% | 87,130 | $3.7M | No change |
| HD Home Depot Inc. | 1.09% | 10,506 | $3.6M | Reduce -7.0% |
| IBDV iShares Ibonds Dec 2030 Corp. | 1.08% | 162,956 | $3.6M | Add +48.5% |
| VZ Verizon Communications Inc. | 0.96% | 78,510 | $3.2M | Reduce -4.9% |
| DUK Duke Energy Corp. | 0.94% | 26,639 | $3.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.89% | 9,980 | $3.0M | Reduce -1.1% |
| ADP Automatic Data Processing | 0.76% | 9,765 | $2.5M | No change |
| PEP Pepsico Inc. | 0.70% | 16,223 | $2.3M | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.69% | 7,329 | $2.3M | Reduce -17.1% |
| SCHD Schwab US DVD Equity ETF | 0.58% | 70,128 | $1.9M | Reduce -30.2% |
| DEO Diageo PLC-Sponsored ADR | 0.56% | 21,680 | $1.9M | Add +205.1% |
| IBDW iShares Ibonds Dec 2031 Corp. | 0.54% | 84,955 | $1.8M | New |
| ABT Abbott Laboratories | 0.46% | 12,272 | $1.5M | Reduce -1.8% |
| O Realty Income Corp. | 0.40% | 23,791 | $1.3M | Add +543.0% |
| SCHW Schwab (charles) Corp. | 0.38% | 12,730 | $1.3M | Reduce -2.5% |
| HII Huntington Ingalls Industrie | 0.38% | 3,736 | $1.3M | No change |
| SBUX Starbucks Corp. | 0.35% | 13,650 | $1.1M | Reduce -0.6% |
| DG Dollar General Corp. | 0.34% | 8,480 | $1.1M | Reduce -3.1% |
| GRMN Garmin Ltd. | 0.33% | 5,448 | $1.1M | No change |
| EMR Emerson Electric Co. | 0.32% | 8,087 | $1.1M | Reduce -3.6% |
| CAT Caterpillar Inc. | 0.32% | 1,841 | $1.1M | Reduce -13.2% |
| AMZN Amazon.com Inc. | 0.26% | 3,742 | $864K | Reduce -0.4% |
| MKC McCormick & Co.-Non VTG SHRS | 0.25% | 12,125 | $826K | Add +137.8% |
| MAA Mid-America Apartment Comm | 0.23% | 5,390 | $749K | No change |
| META Meta Platforms Inc. Class A | 0.22% | 1,107 | $732K | Reduce -20.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.22% | 7,854 | $722K | New |
| VMI Valmont Industries | 0.16% | 1,320 | $531K | Reduce -39.0% |
| TRV The Travelers Cos Inc. | 0.15% | 1,764 | $512K | Add +18.0% |
| FDX FedEx Corp. | 0.15% | 1,760 | $508K | No change |
| MA Mastercard Inc. Class A | 0.14% | 799 | $456K | Reduce -2.2% |
| SHEL Shell PLC-ADR | 0.13% | 6,050 | $446K | No change |
| KR Kroger Co. | 0.13% | 6,671 | $417K | New |
| DE Deere & Co. | 0.11% | 785 | $365K | No change |
| BXP BXP Inc. | 0.11% | 5,400 | $364K | No change |
| SOLS Solstice Adv Materials Inc. | 0.10% | 7,140 | $347K | Add +6.1% |
| KMB Kimberly-Clark Corp. | 0.10% | 3,240 | $327K | Reduce -6.4% |
| CL Colgate-Palmolive Co. | 0.10% | 4,115 | $325K | New |
| CSCO Cisco Systems Inc. | 0.09% | 3,777 | $291K | Add +13.6% |
| NVDA Nvidia Corp. | 0.09% | 1,540 | $288K | Reduce -17.3% |
| ALEX Alexander & Baldwin Inc. | 0.08% | 13,500 | $279K | No change |
| NKE Nike Inc. Class B | 0.08% | 4,320 | $275K | Add +10.1% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.08% | 4,466 | $260K | Add +24.8% |
| PFE Pfizer Inc. | 0.08% | 10,000 | $249K | Reduce -3.2% |
| GEV GE Vernova Inc. | 0.07% | 376 | $246K | No change |
| KMI Kinder Morgan Inc. | 0.07% | 8,900 | $245K | No change |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.07% | 2,375 | $225K | New |
| FANG Diamondback Energy Inc. | 0.06% | 1,354 | $204K | New |
Portfolio Sells Q3 2025 → Q4 2025
| KO The Coca-Cola Co. | Reduce -50.4% | 2.07% | −1.96 |
| IBDQ iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −1.68 |
| MSFT Microsoft Corp. | Reduce -9.9% | 3.04% | −0.65 |
| AAPL Apple Inc. | Reduce -10.5% | 5.30% | −0.35 |
| HD Home Depot Inc. | Reduce -7.0% | 1.09% | −0.32 |
| JPM JPMorgan Chase & Co. | Reduce -17.5% | 1.45% | −0.30 |
| UNP Union Pacific Corp. | Reduce -12.1% | 1.55% | −0.29 |
| SCHD Schwab US DVD Equity ETF | Reduce -30.2% | 0.58% | −0.26 |
| VZ Verizon Communications Inc. | Reduce -4.9% | 0.96% | −0.15 |
| VMI Valmont Industries | Reduce -39.0% | 0.16% | −0.10 |
| META Meta Platforms Inc. Class A | Reduce -20.3% | 0.22% | −0.09 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −0.09 |
| COP Conocophillips | Reduce -0.0% | 2.72% | −0.08 |
| IBTH iShares Ibonds Dec 2027 Term | Sold out | 0.00% | −0.08 |
| IBTG iShares Ibonds Dec 2026 Term | Sold out | 0.00% | −0.08 |
| IBTK iShares Ibonds Dec 2030 Trea | Sold out | 0.00% | −0.08 |
| IBTJ iShares Ibonds Dec 2029 Term | Sold out | 0.00% | −0.08 |
| LMT Lockheed Martin Corp. | Reduce -0.3% | 1.36% | −0.08 |
| IBTI iShares Ibonds Dec 2028 Term | Sold out | 0.00% | −0.08 |
| IBTF iShares Ibonds Dec 2025 Term | Sold out | 0.00% | −0.07 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.06 |
| WMT Walmart Inc. | Reduce -6.8% | 4.95% | −0.06 |
| ABT Abbott Laboratories | Reduce -1.8% | 0.46% | −0.05 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -0.6% | 1.75% | −0.05 |
| KMB Kimberly-Clark Corp. | Reduce -6.4% | 0.10% | −0.03 |
| NVDA Nvidia Corp. | Reduce -17.3% | 0.09% | −0.02 |
| EMR Emerson Electric Co. | Reduce -3.6% | 0.32% | −0.01 |
| SBUX Starbucks Corp. | Reduce -0.6% | 0.35% | −0.01 |
| PFE Pfizer Inc. | Reduce -3.2% | 0.08% | −0.01 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 0.14% | −0.01 |
| SCHW Schwab (charles) Corp. | Reduce -2.5% | 0.38% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 0.26% | +0.01 |
| CAT Caterpillar Inc. | Reduce -13.2% | 0.32% | +0.01 |
| IBM Intl Business Machines Corp. | Reduce -1.1% | 0.89% | +0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -17.1% | 0.69% | +0.03 |
| DG Dollar General Corp. | Reduce -3.1% | 0.34% | +0.06 |
| BNY Bank of New York Mellon Corp. | Reduce -2.3% | 3.14% | +0.06 |
| XOM Exxon Mobil Corp. | Reduce -2.1% | 3.69% | +0.09 |
| GLD SPDR Gold Shares | Reduce -0.5% | 2.13% | +0.17 |
| AMGN Amgen Inc. | Reduce -0.8% | 1.99% | +0.23 |
| GOOG Alphabet Inc. Class C | Reduce -16.2% | 4.90% | +0.27 |
| JNJ Johnson & Johnson | Reduce -0.5% | 4.14% | +0.34 |
Portfolio Buys Q3 2025 → Q4 2025
| TFLO iShares Treasury Floating Ra | Add +145.4% | 3.59% | +2.09 |
| SCHY Schwab International DVD ETF | Add +12.2% | 6.36% | +0.94 |
| MRK Merck & Co. Inc. | Add +0.9% | 2.96% | +0.57 |
| IBDW iShares Ibonds Dec 2031 Corp. | New | 0.54% | +0.54 |
| DEO Diageo PLC-Sponsored ADR | Add +205.1% | 0.56% | +0.36 |
| IBDV iShares Ibonds Dec 2030 Corp. | Add +48.5% | 1.08% | +0.34 |
| O Realty Income Corp. | Add +543.0% | 0.40% | +0.34 |
| CB Chubb Ltd. | Add +0.6% | 3.44% | +0.29 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.22% | +0.22 |
| IBDU iShares Ibonds Dec 2029 Term | Add +12.9% | 1.61% | +0.15 |
| MKC McCormick & Co.-Non VTG SHRS | Add +137.8% | 0.25% | +0.14 |
| PNC PNC Financial Services Group | Add +10.3% | 1.23% | +0.14 |
| KR Kroger Co. | New | 0.13% | +0.13 |
| CL Colgate-Palmolive Co. | New | 0.10% | +0.10 |
| KOF Coca-Cola Femsa Sab-SP ADR | New | 0.07% | +0.07 |
| FANG Diamondback Energy Inc. | New | 0.06% | +0.06 |
| ED Consolidated Edison Inc. | Add +5.9% | 1.52% | +0.04 |
| TRV The Travelers Cos Inc. | Add +18.0% | 0.15% | +0.03 |
| CSCO Cisco Systems Inc. | Add +13.6% | 0.09% | +0.02 |
| PEP Pepsico Inc. | Add +2.0% | 0.70% | +0.02 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +3.2% | 1.86% | +0.02 |
| JEPQ JPM Nasdaq Equity Premium | Add +24.8% | 0.08% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +2.9% | 1.90% | +0.01 |
| SOLS Solstice Adv Materials Inc. | Add +6.1% | 0.10% | +0.00 |
| NKE Nike Inc. Class B | Add +10.1% | 0.08% | −0.00 |
| MCD McDonald's Corp. | Add +0.3% | 1.96% | −0.02 |
| HSY The Hershey Co. | Add +1.8% | 1.29% | −0.04 |
| HON Honeywell International Inc. | Add +2.6% | 1.62% | −0.12 |
| ITW Illinois Tool Works | Add +0.7% | 2.18% | −0.16 |
| PG The Procter & Gamble Co. | Add +2.1% | 2.50% | −0.18 |
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 |