# HAMEL ASSOCIATES, INC.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1599760. Source: https://holderbook.com/funds/1599760-hamel-associates-inc/

- Reported value: $362.7M
- Positions: 92
- Weight of the ten largest: 41.3%
- Filed: 2026-07-27

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | [SCHY](https://holderbook.com/stocks/SCHY/) | $25.7M | 808,765 | 7.1% | 12 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.2M | 59,477 | 4.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $16.5M | 64,967 | 4.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $16.5M | 46,642 | 4.5% | 15 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $15.5M | 137,247 | 4.3% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $12.2M | 35,931 | 3.4% | 26 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $11.9M | 92,513 | 3.3% | 31 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $11.7M | 232,135 | 3.2% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $11.5M | 83,833 | 3.2% | 31 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $11.3M | 78,197 | 3.1% | 11 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $9.5M | 91,424 | 2.6% | 23 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $8.4M | 57,457 | 2.3% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $8.0M | 21,522 | 2.2% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $7.9M | 97,406 | 2.2% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $7.9M | 29,101 | 2.2% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.5M | 45,454 | 2.1% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $7.3M | 20,068 | 2.0% | 31 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $7.1M | 140,840 | 2.0% | 11 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $6.6M | 262,251 | 1.8% | 14 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $6.5M | 17,757 | 1.8% | 31 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $6.4M | 265,974 | 1.8% | 15 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $6.3M | 40,423 | 1.7% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $6.0M | 22,157 | 1.7% | 31 |
| CONSOLIDATED EDISON INC | [ED](https://holderbook.com/stocks/ED/) | $5.7M | 51,867 | 1.6% | 31 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $5.7M | 245,615 | 1.6% | 10 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $5.7M | 21,025 | 1.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.4M | 21,448 | 1.5% | 22 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $5.2M | 215,254 | 1.4% | 16 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $4.8M | 19,348 | 1.3% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $4.7M | 9,305 | 1.3% | 30 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $4.4M | 13,585 | 1.2% | 31 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $4.1M | 23,273 | 1.1% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $4.1M | 32,011 | 1.1% | 31 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $4.0M | 185,294 | 1.1% | 9 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $3.9M | 86,930 | 1.1% | 30 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.7M | 10,403 | 1.0% | 31 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $3.3M | 14,521 | 0.9% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $3.2M | 14,439 | 0.9% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $2.8M | 10,039 | 0.8% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.7M | 29,707 | 0.7% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $2.6M | 11,818 | 0.7% | 31 |
| HUNTINGTON INGALLS INDS INC | [HII](https://holderbook.com/stocks/HII/) | $2.5M | 9,085 | 0.7% | 5 |
| ISHARES TR | [IBDW](https://holderbook.com/stocks/IBDW/) | $2.4M | 116,752 | 0.7% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.3M | 6,544 | 0.6% | 15 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.2M | 16,473 | 0.6% | 31 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.0M | 47,325 | 0.6% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $2.0M | 5,788 | 0.5% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $1.9M | 1,775 | 0.5% | 24 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $1.8M | 29,383 | 0.5% | 4 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.5M | 47,995 | 0.4% | 31 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $1.3M | 5,428 | 0.4% | 10 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.3M | 12,600 | 0.4% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.2M | 12,494 | 0.3% | 22 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.0M | 7,177 | 0.3% | 31 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.0M | 20,325 | 0.3% | 31 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $976.1K | 8,480 | 0.3% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $917.1K | 3,848 | 0.3% | 31 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $844.9K | 4,456 | 0.2% | 2 |
| TRAVELERS COMPANIES INC | [TRV](https://holderbook.com/stocks/TRV/) | $818.0K | 2,478 | 0.2% | 4 |
| ISHARES TR | [IBDX](https://holderbook.com/stocks/IBDX/) | $813.3K | 32,285 | 0.2% | 2 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $813.1K | 14,642 | 0.2% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $810.5K | 1,442 | 0.2% | 31 |
| MID-AMER APT CMNTYS INC | [MAA](https://holderbook.com/stocks/MAA/) | $748.9K | 5,390 | 0.2% | 9 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $713.3K | 1,235 | 0.2% | 24 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $579.0K | 1,849 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $520.1K | 8,462 | 0.1% | 5 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $512.6K | 1,203 | 0.1% | 2 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $493.0K | 6,140 | 0.1% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $491.6K | 775 | 0.1% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $466.4K | 6,050 | 0.1% | 18 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $437.3K | 3,723 | 0.1% | 7 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $430.0K | 4,690 | 0.1% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $410.4K | 799 | 0.1% | 29 |
| BXP INC | [BXP](https://holderbook.com/stocks/BXP/) | $358.1K | 5,400 | 0.1% | 9 |
| SABINE RTY TR | [SBR](https://holderbook.com/stocks/SBR/) | $300.1K | 4,100 | 0.1% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $285.7K | 6,145 | 0.1% | 2 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $284.5K | 8,900 | 0.1% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $267.6K | 1,341 | 0.1% | 5 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $264.3K | 225 | 0.1% | 1 |
| UGI CORP NEW | [UGI](https://holderbook.com/stocks/UGI/) | $259.1K | 7,500 | 0.1% | 1 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $254.9K | 2,877 | 0.1% | 3 |
| COCA-COLA FEMSA SAB DE CV | [KOF](https://holderbook.com/stocks/KOF/) | $252.3K | 2,375 | 0.1% | 3 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $243.9K | 955 | 0.1% | 1 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $238.8K | 2,175 | 0.1% | 31 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $232.1K | 3,230 | 0.1% | 1 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $229.5K | 3,800 | 0.1% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $211.5K | 93 | 0.1% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $211.2K | 183 | 0.1% | 1 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $210.9K | 106 | 0.1% | 1 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $204.5K | 474 | 0.1% | 1 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $204.4K | 1,152 | 0.1% | 1 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $202.1K | 1,150 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +0.7% | +14.8% | -14.1% | 96% |
| Q1 2026 | +6.4% | -4.6% | +11.0% | 96% |
| Q4 2025 | +4.4% | +2.4% | +2.1% | 95% |
| Q3 2025 | +7.2% | +7.8% | -0.6% | 94% |
| Q2 2025 | -0.1% | +10.5% | -10.6% | 94% |
| Q1 2025 | +0.9% | -4.6% | +5.5% | 92% |
| Q4 2024 | -2.6% | +2.1% | -4.8% | 91% |
| Q3 2024 | +5.4% | +5.4% | -0.0% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $362.7M | 92 |
| Q1 2026 | $350.5M | 81 |
| Q4 2025 | $331.8M | 79 |
| Q3 2025 | $325.2M | 81 |
| Q2 2025 | $295.3M | 81 |
| Q1 2025 | $294.2M | 71 |
| Q4 2024 | $310.7M | 74 |
| Q3 2024 | $327.3M | 74 |
| Q2 2024 | $317.3M | 76 |
| Q1 2024 | $311.8M | 71 |
| Q4 2023 | $283.8M | 69 |
| Q3 2023 | $273.8M | 73 |