Kelly Lawrence W & Associates Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Kelly Lawrence W & Associates Inc. reported 142 stock positions worth $373.4 million. Its top holding was Costco Wholesale (COST) at 6.6% of the portfolio, followed by Apple (AAPL, 6.5%) and Advanced Micro Devices (AMD, 6.4%). Compared with Q1 2025, it opened 3 new positions, sold out of 9, added to 2 and reduced 49. The biggest buy was a new position in Unitedhealth (UNH) and the biggest sale an exit from Paycom Software (PAYC).

Most Recent 13F
Q2 2026
Location
PASADENA, CA
CIK
0000920441
Portfolio Value
$373.4M (Q2 2025)
SEC Filing
0000920441-25-000007 ↗ filed Aug 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $433.1M Q1 2024 Q2 2024: $432.2M Q2 2024 Q3 2024: $436.5M Q3 2024 Q4 2024: $421.9M Q4 2024 Q1 2025: $405.0M Q1 2025 Q2 2025: $373.4M $373.4M Q2 2025 Q3 2025: $404.0M Q3 2025 Q4 2025: $401.4M Q4 2025 Q1 2026: $351.9M Q1 2026 Q2 2026: $459.5M Q2 2026

Holdings 142 stocks · $373.4M
COST Costco Wholesale Corp. 6.56% 24,734 $24.5M Reduce -3.3%
AAPL Apple Inc. 6.54% 119,063 $24.4M Reduce -23.9%
AMD Advanced Micro Devices 6.38% 167,950 $23.8M Add +0.9%
GOOGL Alphabet Inc. Class A 5.98% 126,627 $22.3M Reduce -22.1%
HIMS Hims & Hers Health Inc. 4.73% 354,055 $17.6M Reduce -24.8%
ICE Intercontinental Exchange Inc. 4.71% 95,838 $17.6M Reduce -1.7%
BR Broadridge Financial Solutio 4.60% 70,747 $17.2M Reduce -4.4%
COF Capital One Financial Corp. 4.60% 80,780 $17.2M Reduce -3.0%
FISV Fiserv Inc. 4.40% 95,355 $16.4M Reduce -2.4%
V Visa Inc. Class A 4.35% 45,767 $16.2M Reduce -5.0%
ROP Roper Technologies Inc. 4.24% 27,957 $15.8M Reduce -2.6%
GNRC Generac Holdings Inc. 3.85% 100,337 $14.4M Reduce -0.5%
AMZN Amazon.com Inc. 3.30% 56,145 $12.3M Reduce -0.3%
UNH Unitedhealth Group Inc. 3.24% 38,790 $12.1M New
DHR Danaher Corp. 2.81% 53,124 $10.5M Reduce -1.3%
CSGP Costar Group Inc. 2.62% 121,632 $9.8M Reduce -2.4%
ADBE Adobe Inc. 2.36% 22,759 $8.8M Reduce -1.8%
JNJ Johnson & Johnson 2.30% 56,289 $8.6M Reduce -4.5%
PEP Pepsico Inc. 2.15% 60,819 $8.0M Reduce -0.8%
GOOG Alphabet Inc. Class C 1.82% 38,414 $6.8M Reduce -0.4%
AMAT Applied Materials Inc. 1.63% 33,313 $6.1M Reduce -1.0%
AFL Aflac Inc. 1.35% 47,811 $5.0M Reduce -4.3%
HD Home Depot Inc. 1.31% 13,352 $4.9M Reduce -0.1%
WWD Woodward Inc. 1.19% 18,104 $4.4M Reduce -1.9%
PG The Procter & Gamble Co. 1.02% 24,000 $3.8M Reduce -0.6%
CSCO Cisco Systems Inc. 0.98% 52,562 $3.6M Reduce -3.0%
MSFT Microsoft Corp. 0.91% 6,810 $3.4M No change
CRM Salesforce Inc. 0.85% 11,676 $3.2M Reduce -2.3%
CVX Chevron Corp. 0.78% 20,300 $2.9M No change
JPM JPMorgan Chase & Co. 0.69% 8,903 $2.6M Reduce -1.4%
BWEL Boswell (jg) Co. 0.50% 3,447 $1.9M No change
ABBV Abbvie Inc. 0.47% 9,537 $1.8M No change
SHEL Shell PLC-ADR 0.46% 24,423 $1.7M Reduce -3.2%
HXL Hexcel Corp. 0.41% 27,056 $1.5M Reduce -5.7%
VRSN Verisign Inc. 0.39% 4,995 $1.4M No change
SCHW Schwab (charles) Corp. 0.36% 14,907 $1.4M Reduce -0.3%
XOM Exxon Mobil Corp. 0.32% 11,083 $1.2M Reduce -6.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.24% 3,008 $887K No change
EW Edwards Lifesciences Corp. 0.22% 10,525 $823K Reduce -1.9%
ABT Abbott Laboratories 0.22% 5,910 $804K No change
NSRGY Nestle SA-Spons ADR 0.21% 7,869 $779K Reduce -11.8%
WMT Walmart Inc. 0.20% 7,500 $733K No change
GILD Gilead Sciences Inc. 0.19% 6,294 $698K Reduce -22.0%
BERKSHIRE HATHAWAY INC 0.18% 1,389 $675K No change
KIM Kimco Realty Corp. 0.16% 28,350 $596K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.15% 11,846 $561K Reduce -9.9%
DE Deere & Co. 0.15% 1,075 $547K No change
T AT&T Inc. 0.14% 18,106 $524K No change
KO The Coca-Cola Co. 0.13% 6,931 $490K No change
AVY Avery Dennison Corp. 0.12% 2,500 $439K No change
COP Conocophillips 0.11% 4,529 $406K No change
AMGN Amgen Inc. 0.10% 1,398 $390K Reduce -20.2%
HON Honeywell International Inc. 0.10% 1,655 $385K Reduce -17.5%
GE General Electric Company 0.10% 1,494 $385K No change
CAT Caterpillar Inc. 0.10% 979 $380K No change
WFC Wells Fargo & Co. 0.09% 4,400 $353K No change
ALB Albemarle Corp. 0.08% 4,782 $300K Reduce -96.0%
VRTX Vertex Pharmaceuticals Inc. 0.07% 605 $269K No change
VOOG Vanguard S&P 500 Growth ETF 0.07% 665 $264K No change
DOW Dow Inc. 0.07% 9,956 $264K Reduce -30.5%
MMM 3M Co. 0.07% 1,649 $251K Reduce -37.8%
INTC Intel Corp. 0.06% 10,785 $242K No change
WHR Whirlpool Corp. 0.06% 2,330 $236K No change
MCD McDonald's Corp. 0.06% 797 $233K No change
AMT American Tower Corp. 0.06% 1,020 $225K Reduce -40.7%
PFE Pfizer Inc. 0.06% 9,130 $221K No change
AWR American States Water Co. filed as AMER STATES WTR CO 0.06% 2,780 $213K No change
PSX Phillips 66 0.06% 1,758 $210K No change
NSC Norfolk Southern Corp. 0.05% 800 $205K No change
TMO Thermo Fisher Scientific Inc. 0.05% 500 $203K No change
GEV GE Vernova Inc. 0.05% 373 $197K No change
LLY Eli Lilly & Co. 0.05% 247 $193K No change
MCK McKesson Corp. 0.05% 240 $176K No change
VZ Verizon Communications Inc. 0.05% 4,007 $173K No change
ZTS Zoetis Inc. 0.04% 1,075 $168K No change
RTX RTX Corp. 0.04% 1,050 $153K No change
TSLA Tesla Inc. 0.04% 450 $143K No change
REGN Regeneron Pharmaceuticals 0.04% 263 $138K No change
BXP BXP Inc. 0.03% 1,850 $125K Reduce -26.0%
LITE Lumentum Holdings Inc. 0.03% 1,240 $118K New
NEE Nextera Energy Inc. 0.03% 1,660 $115K No change
MAT Mattel Inc. 0.03% 5,800 $114K No change
STT State Street Corp. 0.03% 1,050 $112K No change
EMR Emerson Electric Co. 0.03% 800 $107K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 2,804 $95K Reduce -2.0%
BYDDF BYD Co. Ltd. Class H 0.03% 6,000 $94K Add +200.0%
UNM Unum Group 0.02% 1,000 $81K No change
META Meta Platforms Inc. Class A 0.02% 100 $74K No change
TTWO Take-Two Interactive Softwre 0.02% 300 $73K No change
ET Energy Transfer LP 0.02% 3,600 $65K No change
CSX CSX Corp. 0.02% 1,950 $64K No change
CPT Camden Property Trust 0.02% 500 $56K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.01% 455 $56K No change
BLK BlackRock Inc. 0.01% 53 $56K No change
MDT Medtronic PLC 0.01% 600 $52K Reduce -72.1%
RITM Rithm Capital Corp. 0.01% 4,500 $51K No change
RGA Reinsurance Group of America 0.01% 250 $50K No change
FNV Franco-Nevada Corp. 0.01% 300 $49K No change
ADP Automatic Data Processing 0.01% 153 $47K No change
CWT California Water Service Grp 0.01% 1,000 $45K No change
TEL Te Connectivity PLC 0.01% 240 $40K No change
CCI Crown Castle Inc. 0.01% 380 $39K Reduce -75.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 300 $37K Reduce -40.0%
SBUX Starbucks Corp. 0.01% 400 $37K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 400 $36K No change
PM Philip Morris International 0.01% 190 $35K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.01% 4,547 $33K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 450 $31K No change
GEHC GE Healthcare Technology 0.01% 407 $30K No change
ACN Accenture PLC Class A 0.01% 100 $30K No change
UNP Union Pacific Corp. 0.01% 124 $29K No change
APD Air Products & Chemicals Inc. 0.01% 100 $28K No change
WBD Warner Bros Discovery Inc. 0.01% 2,322 $27K No change
BDX Becton Dickinson and Co. 0.01% 135 $23K No change
HAL Halliburton Co. 0.01% 1,080 $22K No change
KHC The Kraft Heinz Co. 0.01% 850 $22K No change
SOLV Solventum Corp. 0.01% 274 $21K No change
VTRS Viatris Inc. 0.01% 2,244 $20K No change
ETSY Etsy Inc. 0.00% 350 $18K No change
DLR Digital Realty Trust Inc. 0.00% 100 $17K No change
VFC VF Corp. 0.00% 1,475 $17K No change
EA Electronic Arts Inc. 0.00% 106 $17K No change
PINS Pinterest Inc. Class A 0.00% 400 $14K Reduce -91.3%
BUD Anheuser-Busch Inbev-SPN ADR 0.00% 200 $14K No change
TG Tredegar Corp. 0.00% 1,455 $13K No change
KTB Kontoor Brands Inc. 0.00% 189 $12K No change
HPE Hewlett Packard Enterprise 0.00% 600 $12K No change
EXAS Exact Sciences Corp. 0.00% 200 $11K Reduce -82.8%
NKE Nike Inc. Class B 0.00% 125 $9K No change
FVRR Fiverr International Ltd. 0.00% 250 $7K Reduce -28.6%
LFUS Littelfuse Inc. 0.00% 30 $7K Reduce -99.9%
PCRHY Panasonic Holdings Corp. 0.00% 465 $5K No change
TRP TC Energy Corp. 0.00% 100 $5K No change
ATKR Atkore Inc. 0.00% 60 $4K No change
TDY Teledyne Technologies Inc. 0.00% 8 $4K No change
QCOM Qualcomm Inc. 0.00% 25 $4K No change
TSM Taiwan Semiconductor-SP ADR 0.00% 10 $2K New
REZI Resideo Technologies Inc. 0.00% 66 $1K No change
APACHE CORP filed as APA CORPORATION 0.00% 60 $1K No change
DXC DXC Technology Co. 0.00% 51 $780 No change
SOBO South Bow Corp. 0.00% 20 $518 No change
GTX Garrett Motion Inc. 0.00% 40 $420 No change
Other holdings (16): bonds, preferreds, convertibles and warrants · $8.2M (not counted above)
SecurityClassShares / PrincipalValueChange
RITHM CAPITAL CORP (RITM V0 PERP B) PRD 67,491$1.7MNo change
AT&T INC (T 5 PERP A) COM 59,300$1.2MAdd +50.9%
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 887$1.0MNo change
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock 47,400$894KAdd +100.0%
AGNC INVESTMENT CORP (AGNC V0 PERP E) PRD 31,324$796KNo change
RITHM CAPITAL CORP (RITM V7 PERP D) PRD 31,200$747KAdd +112.2%
FORD MOTOR COMPANY (F 6.2 06/01/59) NTS DUE 01/06/2059 USD 19,200$408KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 4,800$328KNew
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 9,155$295KNo change
ATLANTICUS HOLDINGS CORP (ATLC 9.25 01/31/29 *) PRD 8,778$220KNo change
TPG MORTGAGE INVEST TR (MITT 8 PERP B) PRD 10,105$211KNo change
PENNYMAC MTGE INVESTMENT (PMT V8.125 PERP A) PRD 4,000$94KNo change
ANNALY CAPITAL MGMT (NLY V0 PERP F) COM 3,300$83KNo change
RITHM CAPITAL CORP (RITM V6.375 PERP C) PRD 2,700$66KNo change
AGNC INVESTMENT CORP (AGNC V0 PERP C) PRD 1,500$38KNo change
TPG MORTGAGE INVEST TR (MITT 8.25 PERP A) PRD 1,700$36KNo change

Total filed on the 13F, all lines: $381.6M.

Portfolio Sells Q1 2025 → Q2 2025
PAYC Paycom Software Inc. Sold out 0.00% −2.86
ENOV Enovis Corp. Sold out 0.00% −2.54
LFUS Littelfuse Inc. Reduce -99.9% 0.00% −2.07
ALB Albemarle Corp. Reduce -96.0% 0.08% −2.05
AAPL Apple Inc. Reduce -23.9% 6.54% −2.04
FISV Fiserv Inc. Reduce -2.4% 4.40% −0.93
GOOGL Alphabet Inc. Class A Reduce -22.1% 5.98% −0.23
PEP Pepsico Inc. Reduce -0.8% 2.15% −0.12
JNJ Johnson & Johnson Reduce -4.5% 2.30% −0.11
DOW Dow Inc. Reduce -30.5% 0.07% −0.05
DFUSX Dfa US LRG Comp Port-Inst Sold out 0.00% −0.04
GILD Gilead Sciences Inc. Reduce -22.0% 0.19% −0.04
OCMAX Ocm Gold Fund-Atlas Sold out 0.00% −0.04
MDT Medtronic PLC Reduce -72.1% 0.01% −0.03
AMT American Tower Corp. Reduce -40.7% 0.06% −0.03
PINS Pinterest Inc. Class A Reduce -91.3% 0.00% −0.03
AMGN Amgen Inc. Reduce -20.2% 0.10% −0.03
CCI Crown Castle Inc. Reduce -75.6% 0.01% −0.03
MMM 3M Co. Reduce -37.8% 0.07% −0.03
XOM Exxon Mobil Corp. Reduce -6.2% 0.32% −0.03
SBLGX Clearbridge LRG Cap Grow-A Sold out 0.00% −0.03
AFL Aflac Inc. Reduce -4.3% 1.35% −0.02
NSRGY Nestle SA-Spons ADR Reduce -11.8% 0.21% −0.01
EXAS Exact Sciences Corp. Reduce -82.8% 0.00% −0.01
BXP BXP Inc. Reduce -26.0% 0.03% −0.01
CNP Centerpoint Energy Inc. Sold out 0.00% −0.01
EWBC East West Bancorp Inc. Sold out 0.00% −0.00
SLB SLB Ltd. Reduce -2.0% 0.03% −0.00
DIS The Walt Disney Co. Reduce -40.0% 0.01% −0.00
VEOEY Veolia Environnement-ADR Sold out 0.00% −0.00
HON Honeywell International Inc. Reduce -17.5% 0.10% −0.00
C Citigroup Inc. Sold out 0.00% −0.00
FVRR Fiverr International Ltd. Reduce -28.6% 0.00% −0.00
SHEL Shell PLC-ADR Reduce -3.2% 0.46% +0.00
PG The Procter & Gamble Co. Reduce -0.6% 1.02% +0.01
BAC Bank of America Corp. Reduce -9.9% 0.15% +0.01
HXL Hexcel Corp. Reduce -5.7% 0.41% +0.02
EW Edwards Lifesciences Corp. Reduce -1.9% 0.22% +0.03
CRM Salesforce Inc. Reduce -2.3% 0.85% +0.06
ROP Roper Technologies Inc. Reduce -2.6% 4.24% +0.07
SCHW Schwab (charles) Corp. Reduce -0.3% 0.36% +0.08
DHR Danaher Corp. Reduce -1.3% 2.81% +0.09
HD Home Depot Inc. Reduce -0.1% 1.31% +0.10
JPM JPMorgan Chase & Co. Reduce -1.4% 0.69% +0.14
CSCO Cisco Systems Inc. Reduce -3.0% 0.98% +0.15
ADBE Adobe Inc. Reduce -1.8% 2.36% +0.16
BR Broadridge Financial Solutio Reduce -4.4% 4.60% +0.17
CSGP Costar Group Inc. Reduce -2.4% 2.62% +0.18
V Visa Inc. Class A Reduce -5.0% 4.35% +0.18
GOOG Alphabet Inc. Class C Reduce -0.4% 1.82% +0.34

Portfolio Buys Q1 2025 → Q2 2025
UNH Unitedhealth Group Inc. New 3.24% +3.24
AMD Advanced Micro Devices Add +0.9% 6.38% +2.16
LITE Lumentum Holdings Inc. New 0.03% +0.03
TSM Taiwan Semiconductor-SP ADR New 0.00% +0.00
BYDDF BYD Co. Ltd. Class H Add +200.0% 0.03% −0.00

Notes & Other Activity Q1 2025 → Q2 2025
AT&T INC (T 5 PERP A) COM Add +50.9% 59,300 $1.2M
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock Add +100.0% 47,400 $894K
RITHM CAPITAL CORP (RITM V7 PERP D) PRD Add +112.2% 31,200 $747K
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 4,800 $328K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 112$459.5MAMD, GOOGL, AAPL, COST, PANW
Q1 2026 108$351.9MGOOGL, AAPL, AMD, COST, ICE
Q4 2025 111$401.4MGOOGL, AAPL, AMD, COST, COF
Q3 2025 144$404.0MGOOGL, AAPL, AMD, COST, HIMS
Q2 2025 142$373.4MCOST, AAPL, AMD, GOOGL, HIMS
Q1 2025 148$405.0MAAPL, GOOGL, COST, FISV, BR
Q4 2024 154$421.9MAAPL, GOOGL, COST, FISV, AMD
Q3 2024 157$436.5MAAPL, GOOGL, AMD, COST, FISV
Q2 2024 163$432.2MAAPL, GOOGL, AMD, COST, ROP
Q1 2024 160$433.1MAMD, AAPL, GOOGL, COST, ROP