Kelly Lawrence W & Associates Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Kelly Lawrence W & Associates Inc. reported 111 stock positions worth $401.4 million. Its top holding was Alphabet Class A (GOOGL) at 9.4% of the portfolio, followed by Apple (AAPL, 8.0%) and Advanced Micro Devices (AMD, 7.4%). Compared with Q3 2025, it sold out of 33, added to 5 and reduced 32. The biggest buy was Amazon.com (AMZN, shares +1%) and the biggest sale Generac (GNRC, shares −0%).

Most Recent 13F
Q2 2026
Location
PASADENA, CA
CIK
0000920441
Portfolio Value
$401.4M (Q4 2025)
SEC Filing
0000920441-26-000001 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $401.4M $401.4M Q4 2025 Q1 2026: $351.9M Q1 2026 Q2 2026: $459.5M Q2 2026

Holdings 111 stocks · $401.4M
GOOGL Alphabet Inc. Class A 9.44% 121,002 $37.9M Reduce -3.8%
AAPL Apple Inc. 8.02% 118,438 $32.2M Reduce -0.1%
AMD Advanced Micro Devices 7.38% 138,280 $29.6M Reduce -16.9%
COST Costco Wholesale Corp. 5.25% 24,458 $21.1M Reduce -0.7%
COF Capital One Financial Corp. 4.69% 77,630 $18.8M Reduce -0.6%
V Visa Inc. Class A 3.84% 43,897 $15.4M Reduce -1.0%
ICE Intercontinental Exchange Inc. 3.74% 92,573 $15.0M Reduce -0.4%
BR Broadridge Financial Solutio 3.40% 61,082 $13.6M Reduce -0.8%
GNRC Generac Holdings Inc. 3.32% 97,747 $13.3M Reduce -0.2%
AMZN Amazon.com Inc. 3.24% 56,340 $13.0M Add +0.7%
UNH Unitedhealth Group Inc. 3.17% 38,539 $12.7M Reduce -0.4%
ROP Roper Technologies Inc. 3.11% 28,024 $12.5M Reduce -0.4%
DHR Danaher Corp. 3.00% 52,680 $12.1M Reduce -0.7%
GOOG Alphabet Inc. Class C 2.90% 37,064 $11.6M Reduce -3.4%
HIMS Hims & Hers Health Inc. 2.85% 352,445 $11.4M Add +0.2%
ICLR Icon PLC 2.73% 60,116 $11.0M Reduce -0.2%
JNJ Johnson & Johnson 2.63% 51,056 $10.6M No change
FISV Fiserv Inc. 2.31% 138,320 $9.3M Add +44.0%
KNSL Kinsale Capital Group Inc. 2.30% 23,627 $9.2M Reduce -0.1%
PEP Pepsico Inc. 2.23% 62,269 $8.9M Reduce -0.7%
AMAT Applied Materials Inc. 1.87% 29,163 $7.5M Reduce -12.8%
CSGP Costar Group Inc. 1.78% 106,284 $7.1M Reduce -10.8%
RGEN Repligen Corp. 1.68% 41,100 $6.7M No change
WWD Woodward Inc. 1.31% 17,374 $5.3M Reduce -2.4%
AFL Aflac Inc. 1.30% 47,161 $5.2M No change
HD Home Depot Inc. 1.11% 12,972 $4.5M Reduce -1.4%
CSCO Cisco Systems Inc. 0.86% 45,062 $3.5M No change
PG The Procter & Gamble Co. 0.80% 22,540 $3.2M No change
CRM Salesforce Inc. 0.80% 12,131 $3.2M Add +1.9%
MSFT Microsoft Corp. 0.77% 6,410 $3.1M Reduce -5.9%
CVX Chevron Corp. 0.74% 19,600 $3.0M No change
JPM JPMorgan Chase & Co. 0.65% 8,103 $2.6M Reduce -1.2%
ABBV Abbvie Inc. 0.51% 8,957 $2.0M Reduce -0.2%
HXL Hexcel Corp. 0.40% 21,496 $1.6M No change
SCHW Schwab (charles) Corp. 0.37% 14,807 $1.5M No change
BWEL Boswell (jg) Co. 0.35% 3,100 $1.4M Reduce -10.1%
VRSN Verisign Inc. 0.30% 4,995 $1.2M No change
EW Edwards Lifesciences Corp. 0.22% 10,525 $897K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.22% 3,008 $891K No change
XOM Exxon Mobil Corp. 0.22% 7,283 $876K Reduce -27.8%
WMT Walmart Inc. 0.21% 7,500 $836K No change
GILD Gilead Sciences Inc. 0.19% 6,294 $773K No change
ABT Abbott Laboratories 0.18% 5,910 $740K No change
BERKSHIRE HATHAWAY INC 0.17% 1,389 $698K No change
ALB Albemarle Corp. 0.17% 4,782 $676K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 11,846 $652K No change
NSRGY Nestle SA-Spons ADR 0.16% 6,545 $650K Reduce -7.1%
KIM Kimco Realty Corp. 0.14% 28,350 $575K No change
CAT Caterpillar Inc. 0.14% 979 $561K No change
NEE Nextera Energy Inc. 0.14% 6,860 $551K Add +6.2%
DE Deere & Co. 0.12% 1,075 $500K No change
KO The Coca-Cola Co. 0.12% 6,931 $485K No change
AMGN Amgen Inc. 0.11% 1,398 $458K No change
AVY Avery Dennison Corp. 0.11% 2,500 $455K No change
T AT&T Inc. 0.11% 18,106 $450K No change
GE General Electric Company filed as GE Aerospace 0.11% 1,394 $429K No change
COP Conocophillips 0.11% 4,529 $424K No change
WFC Wells Fargo & Co. 0.10% 4,400 $410K No change
LITE Lumentum Holdings Inc. 0.08% 910 $335K Reduce -26.6%
SHEL Shell PLC-ADR 0.08% 4,400 $323K No change
INTC Intel Corp. 0.07% 8,084 $298K Reduce -13.8%
VOOG Vanguard S&P 500 Growth ETF 0.07% 665 $296K No change
TMO Thermo Fisher Scientific Inc. 0.07% 500 $290K No change
HON Honeywell International Inc. 0.07% 1,373 $268K No change
VRTX Vertex Pharmaceuticals Inc. 0.07% 585 $265K No change
MMM 3M Co. 0.07% 1,649 $264K No change
LLY Eli Lilly & Co. 0.06% 227 $244K Reduce -8.1%
MCD McDonald's Corp. 0.06% 797 $244K No change
GEV GE Vernova Inc. 0.06% 358 $234K Reduce -4.0%
NSC Norfolk Southern Corp. 0.06% 800 $231K No change
PFE Pfizer Inc. 0.06% 9,130 $227K No change
REGN Regeneron Pharmaceuticals 0.05% 263 $203K No change
TSLA Tesla Inc. 0.05% 450 $202K No change
AWR American States Water Co. filed as AMER STATES WTR CO 0.05% 2,780 $201K No change
MCK McKesson Corp. 0.05% 240 $197K No change
AMT American Tower Corp. 0.04% 1,020 $179K No change
VZ Verizon Communications Inc. 0.04% 3,807 $155K No change
AIR Aar Corp. 0.04% 1,775 $147K No change
STT State Street Corp. 0.03% 1,050 $135K No change
ZTS Zoetis Inc. 0.03% 1,075 $135K No change
RTX RTX Corp. 0.03% 650 $119K Reduce -38.1%
MAT Mattel Inc. 0.03% 5,800 $115K No change
TTWO Take-Two Interactive Softwre 0.02% 300 $77K No change
BYDDF BYD Co. Ltd. Class H 0.02% 6,000 $73K No change
CSX CSX Corp. 0.02% 1,950 $71K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 455 $70K No change
META Meta Platforms Inc. Class A 0.02% 100 $66K No change
FNV Franco-Nevada Corp. 0.02% 300 $62K No change
ET Energy Transfer LP 0.01% 3,600 $59K No change
MDT Medtronic PLC 0.01% 600 $58K No change
BLK BlackRock Inc. 0.01% 53 $57K No change
TEL Te Connectivity PLC 0.01% 240 $55K No change
RGA Reinsurance Group of America 0.01% 250 $51K No change
RITM Rithm Capital Corp. 0.01% 4,500 $49K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.01% 400 $46K No change
CWT California Water Service Grp 0.01% 1,000 $43K No change
ADP Automatic Data Processing 0.01% 153 $39K No change
SBUX Starbucks Corp. 0.01% 400 $34K No change
PM Philip Morris International 0.01% 190 $30K No change
UNP Union Pacific Corp. 0.01% 124 $29K No change
ACN Accenture PLC Class A 0.01% 100 $27K No change
VFC VF Corp. 0.01% 1,475 $27K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 450 $23K No change
EXAS Exact Sciences Corp. 0.01% 200 $20K No change
ETSY Etsy Inc. 0.00% 350 $19K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.00% 200 $13K No change
PINS Pinterest Inc. Class A 0.00% 400 $10K No change
BXP BXP Inc. 0.00% 150 $10K Reduce -98.3%
NKE Nike Inc. Class B 0.00% 125 $8K No change
PCRHY Panasonic Holdings Corp. 0.00% 465 $6K No change
TSM Taiwan Semiconductor-SP ADR 0.00% 10 $3K No change
Other holdings (16): bonds, preferreds, convertibles and warrants · $9.7M (not counted above)
SecurityClassShares / PrincipalValueChange
RITHM CAPITAL CORP (RITM V0 PERP B) PRD 65,491$1.7MNo change
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A 25,355$1.5MAdd +76.6%
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 53,300$1.0MAdd +25.4%
RITHM CAPITAL CORP (RITM V7 PERP D) PRD 39,500$973KAdd +26.6%
AGNC INVESTMENT CORP (AGNC V0 PERP E) PRD 30,824$771KReduce -1.6%
FORD MOTOR COMPANY (F 6.2 06/01/59) NTS DUE 01/06/2059 USD 19,200$402KNo change
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 4,800$333KNo change
TPG MORTGAGE INVEST TR (MITT 8 PERP B) PRD 10,105$225KNo change
ATLANTICUS HOLDINGS CORP (ATLC 9.25 01/31/29 *) PRD 8,778$222KNo change
PENNYMAC MTGE INVESTMENT (PMT V8.125 PERP A) PRD 4,000$96KNo change
ANNALY CAPITAL MGMT (NLY V0 PERP F) COM 3,300$84KNo change
RITHM CAPITAL CORP (RITM V6.375 PERP C) PRD 2,700$67KNo change
TPG MORTGAGE INVEST TR (MITT 8.25 PERP A) PRD 1,700$39KNo change
AGNC INVESTMENT CORP (AGNC V0 PERP C) PRD 1,500$38KNo change

Total filed on the 13F, all lines: $411.1M.

Portfolio Sells Q3 2025 → Q4 2025
GNRC Generac Holdings Inc. Reduce -0.2% 3.32% −0.74
CSGP Costar Group Inc. Reduce -10.8% 1.78% −0.71
COST Costco Wholesale Corp. Reduce -0.7% 5.25% −0.38
ROP Roper Technologies Inc. Reduce -0.4% 3.11% −0.36
BR Broadridge Financial Solutio Reduce -0.8% 3.40% −0.23
HD Home Depot Inc. Reduce -1.4% 1.11% −0.21
KNSL Kinsale Capital Group Inc. Reduce -0.1% 2.30% −0.19
BXP BXP Inc. Reduce -98.3% 0.00% −0.16
ICE Intercontinental Exchange Inc. Reduce -0.4% 3.74% −0.14
UNH Unitedhealth Group Inc. Reduce -0.4% 3.17% −0.14
MSFT Microsoft Corp. Reduce -5.9% 0.77% −0.10
BWEL Boswell (jg) Co. Reduce -10.1% 0.35% −0.07
XOM Exxon Mobil Corp. Reduce -27.8% 0.22% −0.06
PSX Phillips 66 Sold out 0.00% −0.06
EMR Emerson Electric Co. Sold out 0.00% −0.03
SLB SLB Ltd. Sold out 0.00% −0.02
UNM Unum Group Sold out 0.00% −0.02
RTX RTX Corp. Reduce -38.1% 0.03% −0.01
CPT Camden Property Trust Sold out 0.00% −0.01
SBSW Sibanye-Stillwater Ltd.-ADR Sold out 0.00% −0.01
WBD Warner Bros Discovery Inc. Sold out 0.00% −0.01
CCI Crown Castle Inc. Sold out 0.00% −0.01
DIS The Walt Disney Co. Sold out 0.00% −0.01
GEHC GE Healthcare Technology Sold out 0.00% −0.01
APD Air Products & Chemicals Inc. Sold out 0.00% −0.01
HAL Halliburton Co. Sold out 0.00% −0.01
BDX Becton Dickinson and Co. Sold out 0.00% −0.01
KHC The Kraft Heinz Co. Sold out 0.00% −0.01
VTRS Viatris Inc. Sold out 0.00% −0.01
EA Electronic Arts Inc. Sold out 0.00% −0.01
SOLV Solventum Corp. Sold out 0.00% −0.01
WHR Whirlpool Corp. Sold out 0.00% −0.00
ABBV Abbvie Inc. Reduce -0.2% 0.51% −0.00
DLR Digital Realty Trust Inc. Sold out 0.00% −0.00
KTB Kontoor Brands Inc. Sold out 0.00% −0.00
HPE Hewlett Packard Enterprise Sold out 0.00% −0.00
INTC Intel Corp. Reduce -13.8% 0.07% −0.00
TG Tredegar Corp. Sold out 0.00% −0.00
LFUS Littelfuse Inc. Sold out 0.00% −0.00
FVRR Fiverr International Ltd. Sold out 0.00% −0.00
TRP TC Energy Corp. Sold out 0.00% −0.00
TDY Teledyne Technologies Inc. Sold out 0.00% −0.00
QCOM Qualcomm Inc. Sold out 0.00% −0.00
ATKR Atkore Inc. Sold out 0.00% −0.00
REZI Resideo Technologies Inc. Sold out 0.00% −0.00
APACHE CORP Sold out 0.00% −0.00
DXC DXC Technology Co. Sold out 0.00% −0.00
GTX Garrett Motion Inc. Sold out 0.00% −0.00
SOBO South Bow Corp. Sold out 0.00% −0.00
GEV GE Vernova Inc. Reduce -4.0% 0.06% +0.00

Portfolio Buys Q3 2025 → Q4 2025
AMZN Amazon.com Inc. Add +0.7% 3.24% +0.20
CRM Salesforce Inc. Add +1.9% 0.80% +0.10
NEE Nextera Energy Inc. Add +6.2% 0.14% +0.02
FISV Fiserv Inc. Add +44.0% 2.31% −0.75
HIMS Hims & Hers Health Inc. Add +0.2% 2.85% −2.09

Notes & Other Activity Q3 2025 → Q4 2025
ALBEMARLE CORP (ALB 7.25 03/01/27) 7.25% DEP SHS A Add +76.6% 25,355 $1.5M
CAPITAL ONE FINANCIAL CO (COF 5 PERP I) Preferred Stock Add +25.4% 53,300 $1.0M
RITHM CAPITAL CORP (RITM V7 PERP D) PRD Add +26.6% 39,500 $973K
AGNC INVESTMENT CORP (AGNC V0 PERP E) PRD Reduce -1.6% 30,824 $771K

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