Kelly Lawrence W & Associates Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Kelly Lawrence W & Associates Inc. reported 144 stock positions worth $404.0 million. Its top holding was Alphabet Class A (GOOGL) at 7.6% of the portfolio, followed by Apple (AAPL, 7.5%) and Advanced Micro Devices (AMD, 6.7%). Compared with Q2 2025, it opened 4 new positions, sold out of 2, added to 7 and reduced 35. The biggest buy was a new position in Icon (ICLR) and the biggest sale an exit from Adobe (ADBE).

Most Recent 13F
Q2 2026
Location
PASADENA, CA
CIK
0000920441
Portfolio Value
$404.0M (Q3 2025)
SEC Filing
0000920441-25-000008 ↗ filed Nov 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 Q2 2025 Q3 2025: $404.0M $404.0M Q3 2025 Q4 2025: $401.4M Q4 2025 Q1 2026: $351.9M Q1 2026 Q2 2026: $459.5M Q2 2026

Holdings 144 stocks · $404.0M
GOOGL Alphabet Inc. Class A 7.57% 125,752 $30.6M Reduce -0.7%
AAPL Apple Inc. 7.47% 118,548 $30.2M Reduce -0.4%
AMD Advanced Micro Devices 6.67% 166,485 $26.9M Reduce -0.9%
COST Costco Wholesale Corp. 5.64% 24,618 $22.8M Reduce -0.5%
HIMS Hims & Hers Health Inc. 4.94% 351,695 $19.9M Reduce -0.7%
COF Capital One Financial Corp. 4.11% 78,130 $16.6M Reduce -3.3%
GNRC Generac Holdings Inc. 4.06% 97,967 $16.4M Reduce -2.4%
ICE Intercontinental Exchange Inc. 3.88% 92,963 $15.7M Reduce -3.0%
V Visa Inc. Class A 3.75% 44,352 $15.1M Reduce -3.1%
BR Broadridge Financial Solutio 3.63% 61,542 $14.7M Reduce -13.0%
ROP Roper Technologies Inc. 3.47% 28,129 $14.0M Add +0.6%
UNH Unitedhealth Group Inc. 3.31% 38,679 $13.4M Reduce -0.3%
FISV Fiserv Inc. 3.06% 96,020 $12.4M Add +0.7%
AMZN Amazon.com Inc. 3.04% 55,940 $12.3M Reduce -0.4%
ICLR Icon PLC 2.61% 60,256 $10.5M New
DHR Danaher Corp. 2.60% 53,045 $10.5M Reduce -0.1%
KNSL Kinsale Capital Group Inc. 2.49% 23,652 $10.1M New
CSGP Costar Group Inc. 2.49% 119,142 $10.1M Reduce -2.0%
JNJ Johnson & Johnson 2.34% 51,056 $9.5M Reduce -9.3%
GOOG Alphabet Inc. Class C 2.31% 38,374 $9.3M Reduce -0.1%
PEP Pepsico Inc. 2.18% 62,679 $8.8M Add +3.1%
AMAT Applied Materials Inc. 1.69% 33,438 $6.8M Add +0.4%
RGEN Repligen Corp. 1.36% 41,100 $5.5M New
HD Home Depot Inc. 1.32% 13,152 $5.3M Reduce -1.5%
AFL Aflac Inc. 1.30% 47,161 $5.3M Reduce -1.4%
WWD Woodward Inc. 1.11% 17,804 $4.5M Reduce -1.7%
MSFT Microsoft Corp. 0.87% 6,810 $3.5M No change
PG The Procter & Gamble Co. 0.86% 22,540 $3.5M Reduce -6.1%
CSCO Cisco Systems Inc. 0.76% 45,062 $3.1M Reduce -14.3%
CVX Chevron Corp. 0.75% 19,600 $3.0M Reduce -3.5%
CRM Salesforce Inc. 0.70% 11,906 $2.8M Add +2.0%
JPM JPMorgan Chase & Co. 0.64% 8,203 $2.6M Reduce -7.9%
ABBV Abbvie Inc. 0.51% 8,977 $2.1M Reduce -5.9%
BWEL Boswell (jg) Co. 0.43% 3,447 $1.7M No change
SCHW Schwab (charles) Corp. 0.35% 14,807 $1.4M Reduce -0.7%
VRSN Verisign Inc. 0.35% 4,995 $1.4M No change
HXL Hexcel Corp. 0.33% 21,496 $1.3M Reduce -20.6%
XOM Exxon Mobil Corp. 0.28% 10,083 $1.1M Reduce -9.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.21% 3,008 $849K No change
EW Edwards Lifesciences Corp. 0.20% 10,525 $819K No change
ABT Abbott Laboratories 0.20% 5,910 $792K No change
WMT Walmart Inc. 0.19% 7,500 $773K No change
GILD Gilead Sciences Inc. 0.17% 6,294 $699K No change
BERKSHIRE HATHAWAY INC 0.17% 1,389 $698K No change
NSRGY Nestle SA-Spons ADR 0.16% 7,045 $647K Reduce -10.5%
BXP BXP Inc. 0.16% 8,700 $647K Add +370.3%
KIM Kimco Realty Corp. 0.15% 28,350 $619K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.15% 11,846 $611K No change
T AT&T Inc. 0.13% 18,106 $511K No change
DE Deere & Co. 0.12% 1,075 $492K No change
NEE Nextera Energy Inc. 0.12% 6,460 $488K Add +289.2%
CAT Caterpillar Inc. 0.12% 979 $467K No change
KO The Coca-Cola Co. 0.11% 6,931 $460K No change
COP Conocophillips 0.11% 4,529 $428K No change
GE General Electric Company 0.10% 1,394 $419K Reduce -6.7%
AVY Avery Dennison Corp. 0.10% 2,500 $405K No change
AMGN Amgen Inc. 0.10% 1,398 $395K No change
ALB Albemarle Corp. 0.10% 4,782 $388K No change
WFC Wells Fargo & Co. 0.09% 4,400 $369K No change
INTC Intel Corp. 0.08% 9,384 $315K Reduce -13.0%
SHEL Shell PLC-ADR 0.08% 4,400 $315K Reduce -82.0%
VOOG Vanguard S&P 500 Growth ETF 0.07% 665 $290K No change
HON Honeywell International Inc. 0.07% 1,373 $289K Reduce -17.0%
MMM 3M Co. 0.06% 1,649 $256K No change
TMO Thermo Fisher Scientific Inc. 0.06% 500 $243K No change
MCD McDonald's Corp. 0.06% 797 $242K No change
NSC Norfolk Southern Corp. 0.06% 800 $240K No change
PSX Phillips 66 0.06% 1,758 $239K No change
PFE Pfizer Inc. 0.06% 9,130 $233K No change
GEV GE Vernova Inc. 0.06% 373 $229K No change
VRTX Vertex Pharmaceuticals Inc. 0.06% 585 $229K Reduce -3.3%
AWR American States Water Co. filed as AMER STATES WTR CO 0.05% 2,780 $204K No change
LITE Lumentum Holdings Inc. 0.05% 1,240 $202K No change
TSLA Tesla Inc. 0.05% 450 $200K No change
AMT American Tower Corp. 0.05% 1,020 $196K No change
LLY Eli Lilly & Co. 0.05% 247 $189K No change
MCK McKesson Corp. 0.05% 240 $185K No change
RTX RTX Corp. 0.04% 1,050 $176K No change
VZ Verizon Communications Inc. 0.04% 3,807 $167K Reduce -5.0%
AIR Aar Corp. 0.04% 1,775 $159K New
ZTS Zoetis Inc. 0.04% 1,075 $157K No change
REGN Regeneron Pharmaceuticals 0.04% 263 $148K No change
STT State Street Corp. 0.03% 1,050 $122K No change
EMR Emerson Electric Co. 0.03% 800 $105K No change
MAT Mattel Inc. 0.02% 5,800 $98K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 2,804 $96K No change
BYDDF BYD Co. Ltd. Class H 0.02% 6,000 $85K No change
UNM Unum Group 0.02% 1,000 $78K No change
TTWO Take-Two Interactive Softwre 0.02% 300 $78K No change
META Meta Platforms Inc. Class A 0.02% 100 $73K No change
CSX CSX Corp. 0.02% 1,950 $69K No change
FNV Franco-Nevada Corp. 0.02% 300 $67K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 455 $66K No change
BLK BlackRock Inc. 0.02% 53 $62K No change
ET Energy Transfer LP 0.02% 3,600 $62K No change
MDT Medtronic PLC 0.01% 600 $57K No change
CPT Camden Property Trust 0.01% 500 $53K No change
TEL Te Connectivity PLC 0.01% 240 $53K No change
RITM Rithm Capital Corp. 0.01% 4,500 $51K No change
SBSW Sibanye-Stillwater Ltd.-ADR 0.01% 4,547 $51K No change
RGA Reinsurance Group of America 0.01% 250 $48K No change
CWT California Water Service Grp 0.01% 1,000 $46K No change
WBD Warner Bros Discovery Inc. 0.01% 2,322 $45K No change
ADP Automatic Data Processing 0.01% 153 $45K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 400 $44K No change
CCI Crown Castle Inc. 0.01% 380 $37K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.01% 300 $34K No change
SBUX Starbucks Corp. 0.01% 400 $34K No change
PM Philip Morris International 0.01% 190 $31K No change
GEHC GE Healthcare Technology 0.01% 407 $31K No change
UNP Union Pacific Corp. 0.01% 124 $29K No change
APD Air Products & Chemicals Inc. 0.01% 100 $27K No change
HAL Halliburton Co. 0.01% 1,080 $27K No change
BDX Becton Dickinson and Co. 0.01% 135 $25K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 450 $25K No change
ACN Accenture PLC Class A 0.01% 100 $25K No change
ETSY Etsy Inc. 0.01% 350 $23K No change
VTRS Viatris Inc. 0.01% 2,244 $22K No change
KHC The Kraft Heinz Co. 0.01% 850 $22K No change
EA Electronic Arts Inc. 0.01% 106 $21K No change
VFC VF Corp. 0.01% 1,475 $21K No change
SOLV Solventum Corp. 0.01% 274 $20K No change
WHR Whirlpool Corp. 0.00% 250 $20K Reduce -89.3%
DLR Digital Realty Trust Inc. 0.00% 100 $17K No change
KTB Kontoor Brands Inc. 0.00% 189 $15K No change
HPE Hewlett Packard Enterprise 0.00% 600 $15K No change
PINS Pinterest Inc. Class A 0.00% 400 $13K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.00% 200 $12K No change
TG Tredegar Corp. 0.00% 1,455 $12K No change
EXAS Exact Sciences Corp. 0.00% 200 $11K No change
NKE Nike Inc. Class B 0.00% 125 $9K No change
LFUS Littelfuse Inc. 0.00% 30 $8K No change
FVRR Fiverr International Ltd. 0.00% 250 $6K No change
TRP TC Energy Corp. 0.00% 100 $5K No change
PCRHY Panasonic Holdings Corp. 0.00% 465 $5K No change
TDY Teledyne Technologies Inc. 0.00% 8 $5K No change
QCOM Qualcomm Inc. 0.00% 25 $4K No change
ATKR Atkore Inc. 0.00% 60 $4K No change
REZI Resideo Technologies Inc. 0.00% 66 $3K No change
TSM Taiwan Semiconductor-SP ADR 0.00% 10 $3K No change
APACHE CORP filed as APA CORPORATION 0.00% 60 $1K No change
DXC DXC Technology Co. 0.00% 51 $695 No change
SOBO South Bow Corp. 0.00% 20 $566 No change
GTX Garrett Motion Inc. 0.00% 40 $545 No change
Other holdings (16): bonds, preferreds, convertibles and warrants · $8.5M (not counted above)
SecurityClassShares / PrincipalValueChange
RITHM CAPITAL CORP (RITM V0 PERP B) PRD 65,491$1.7MReduce -3.0%
AT&T INC (T 5 PERP A) COM 59,300$1.2MNo change
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 887$1.1MNo change
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock 42,500$856KReduce -10.3%
AGNC INVESTMENT CORP (AGNC V0 PERP E) PRD 31,324$805KNo change
RITHM CAPITAL CORP (RITM V7 PERP D) PRD 31,200$766KNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 14,355$547KAdd +56.8%
FORD MOTOR COMPANY (F 6.2 06/01/59) NTS DUE 01/06/2059 USD 19,200$435KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 4,800$333KNo change
ATLANTICUS HOLDINGS CORP (ATLC 9.25 01/31/29 *) PRD 8,778$226KNo change
TPG MORTGAGE INVEST TR (MITT 8 PERP B) PRD 10,105$221KNo change
PENNYMAC MTGE INVESTMENT (PMT V8.125 PERP A) PRD 4,000$99KNo change
ANNALY CAPITAL MGMT (NLY V0 PERP F) COM 3,300$84KNo change
RITHM CAPITAL CORP (RITM V6.375 PERP C) PRD 2,700$66KNo change
AGNC INVESTMENT CORP (AGNC V0 PERP C) PRD 1,500$39KNo change
TPG MORTGAGE INVEST TR (MITT 8.25 PERP A) PRD 1,700$38KNo change

Total filed on the 13F, all lines: $412.6M.

Portfolio Sells Q2 2025 → Q3 2025
ADBE Adobe Inc. Sold out 0.00% −2.36
BR Broadridge Financial Solutio Reduce -13.0% 3.63% −0.98
COST Costco Wholesale Corp. Reduce -0.5% 5.64% −0.92
ICE Intercontinental Exchange Inc. Reduce -3.0% 3.88% −0.83
V Visa Inc. Class A Reduce -3.1% 3.75% −0.60
COF Capital One Financial Corp. Reduce -3.3% 4.11% −0.49
SHEL Shell PLC-ADR Reduce -82.0% 0.08% −0.38
AMZN Amazon.com Inc. Reduce -0.4% 3.04% −0.26
CSCO Cisco Systems Inc. Reduce -14.3% 0.76% −0.21
DHR Danaher Corp. Reduce -0.1% 2.60% −0.21
PG The Procter & Gamble Co. Reduce -6.1% 0.86% −0.17
CSGP Costar Group Inc. Reduce -2.0% 2.49% −0.13
HXL Hexcel Corp. Reduce -20.6% 0.33% −0.08
WWD Woodward Inc. Reduce -1.7% 1.11% −0.07
DOW Dow Inc. Sold out 0.00% −0.07
WHR Whirlpool Corp. Reduce -89.3% 0.00% −0.06
JPM JPMorgan Chase & Co. Reduce -7.9% 0.64% −0.05
NSRGY Nestle SA-Spons ADR Reduce -10.5% 0.16% −0.05
AFL Aflac Inc. Reduce -1.4% 1.30% −0.05
XOM Exxon Mobil Corp. Reduce -9.0% 0.28% −0.04
HON Honeywell International Inc. Reduce -17.0% 0.07% −0.03
CVX Chevron Corp. Reduce -3.5% 0.75% −0.03
VRTX Vertex Pharmaceuticals Inc. Reduce -3.3% 0.06% −0.02
SCHW Schwab (charles) Corp. Reduce -0.7% 0.35% −0.01
VZ Verizon Communications Inc. Reduce -5.0% 0.04% −0.01
GE General Electric Company Reduce -6.7% 0.10% +0.00
HD Home Depot Inc. Reduce -1.5% 1.32% +0.01
INTC Intel Corp. Reduce -13.0% 0.08% +0.01
ABBV Abbvie Inc. Reduce -5.9% 0.51% +0.04
JNJ Johnson & Johnson Reduce -9.3% 2.34% +0.04
UNH Unitedhealth Group Inc. Reduce -0.3% 3.31% +0.06
HIMS Hims & Hers Health Inc. Reduce -0.7% 4.94% +0.21
GNRC Generac Holdings Inc. Reduce -2.4% 4.06% +0.21
AMD Advanced Micro Devices Reduce -0.9% 6.67% +0.28
GOOG Alphabet Inc. Class C Reduce -0.1% 2.31% +0.49
AAPL Apple Inc. Reduce -0.4% 7.47% +0.93
GOOGL Alphabet Inc. Class A Reduce -0.7% 7.57% +1.59

Portfolio Buys Q2 2025 → Q3 2025
ICLR Icon PLC New 2.61% +2.61
KNSL Kinsale Capital Group Inc. New 2.49% +2.49
RGEN Repligen Corp. New 1.36% +1.36
BXP BXP Inc. Add +370.3% 0.16% +0.13
NEE Nextera Energy Inc. Add +289.2% 0.12% +0.09
AMAT Applied Materials Inc. Add +0.4% 1.69% +0.06
AIR Aar Corp. New 0.04% +0.04
PEP Pepsico Inc. Add +3.1% 2.18% +0.03
CRM Salesforce Inc. Add +2.0% 0.70% −0.15
ROP Roper Technologies Inc. Add +0.6% 3.47% −0.77
FISV Fiserv Inc. Add +0.7% 3.06% −1.34

Notes & Other Activity Q2 2025 → Q3 2025
RITHM CAPITAL CORP (RITM V0 PERP B) PRD Reduce -3.0% 65,491 $1.7M
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock Reduce -10.3% 42,500 $856K
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +56.8% 14,355 $547K

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