HAMEL ASSOCIATES, INC.

CIK

1599760

Location

Center Valley, PA

Portfolio Value

Small $264,322,003

Diversification

Diversified

Filing Date

Global Rank

#3,649 / 8,605 ▲ 249 · as of Mar 2026

Top Industry

Drug Manufacturers - General 18.0%

3Y Alpha vs SPY

-7.2%

Period ended 3 months ago

Filed May 7, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+47.3%

SPY

+76.5%

Annualised alpha

-7.1%

Max drawdown

−13.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

68 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.6%

−0.5 pts

Top 5

28.9%

−0.1 pts

Top 10

48.1%

−0.2 pts

HHI

339

Diversified−4

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	18.0%	$47,449,889	8
Consumer Defensive	16.9%	$44,660,915	12
Energy	14.4%	$38,086,590	8
Financial Services	12.9%	$34,115,791	8
Industrials	11.6%	$30,606,156	11
Technology	11.4%	$30,252,722	7
Consumer Cyclical	4.4%	$11,709,390	4
Utilities	3.8%	$10,071,516	2
Unclassified	2.9%	$7,619,145	1
Communication Services	2.5%	$6,670,487	3
Real Estate	1.0%	$2,676,059	3
Basic Materials	0.2%	$403,343	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
MKC	Mccormick & Co Inc	+8,100	20,225	$1,020,149
DUK	Duke Energy CORP	+5,446	32,085	$4,201,209
O	Realty Income Corp	+4,610	28,401	$1,737,573
KR	Kroger Co	+3,045	9,716	$703,049
ADP	Automatic Data Processing Inc	+2,030	11,795	$2,396,508
ED	Consolidated Edison Inc	+970	51,867	$5,870,307
ABBV	AbbVie Inc.	+585	21,140	$4,597,738
CL	Colgate Palmolive Co	+575	4,690	$399,728
TRV	Travelers Companies, Inc.	+550	2,314	$674,947
PEP	Pepsico Inc	+350	16,573	$2,573,621
META	Meta Platforms, Inc.	+290	1,397	$799,265
MSFT	Microsoft Corp	+228	21,082	$7,803,923
SCHW	Schwab Charles Corp	+214	12,944	$1,216,477
FDX	Fedex Corp	+110	1,870	$666,056
HON	Honeywell International Inc	+81	27,695	$6,259,900
UNP	Union Pacific Corp	+51	22,212	$5,389,075
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
DEO	Diageo PLC	−15,275	6,405	$476,852
XOM	Exxon Mobil Corp	−14,749	86,879	$14,739,891
WMT	Walmart Inc.	−7,093	140,227	$17,427,411
BNY	Bank of New York Mellon Corp	−4,630	85,200	$10,107,276
COP	Conocophillips	−3,700	92,619	$12,225,708
AAPL	Apple Inc.	−2,164	62,549	$15,874,310
SOLS	Solstice Advanced Materials Inc.	−1,844	5,296	$403,343
SBUX	Starbucks Corp	−1,050	12,600	$1,128,834
PG	PROCTER & GAMBLE Co	−957	56,999	$8,232,935
EMR	Emerson Electric Co	−800	7,287	$954,742
JNJ	Johnson & Johnson	−772	65,551	$16,023,286
JPM	Jpmorgan Chase & Co	−765	14,174	$4,169,423
MCD	Mcdonalds Corp	−725	20,520	$6,377,410
KO	Coca Cola Co	−677	97,506	$7,415,331
CVX	Chevron Corp	−547	45,931	$9,503,123
GOOGL	Alphabet Inc.	−530	6,799	$1,955,120
VZ	Verizon Communications Inc	−500	78,010	$3,916,102
MRK	Merck & Co., Inc.	−336	92,801	$11,163,032
CB	Chubb Ltd	−294	36,250	$11,814,962
NVDA	Nvidia Corp	−275	1,265	$220,616
PNC	Pnc Financial Services Group, Inc.	−266	19,348	$4,026,125
FANG	Diamondback Energy, Inc.	−204	1,150	$227,458
KMB	Kimberly Clark Corp	−165	3,075	$296,645
GLD	Spdr Gold Trust	−160	17,707	$7,619,145
ITW	Illinois Tool Works Inc	−140	29,290	$7,623,894
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
V	Visa Inc.	5,649	$1,707,353
AZN	Astrazeneca PLC	4,611	$909,381
ETN	Eaton Corp plc	1,168	$417,758
SLB	Slb Limited/Nv	6,145	$315,791
BMY	Bristol Myers Squibb Co	3,622	$219,674
TPL	Texas Pacific Land Corp	450	$213,552
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
NKE	NIKE, Inc.	4,320	$275,227
PFE	Pfizer Inc	10,000	$249,000
GEV	GE Vernova Inc.	376	$245,742
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

68 positions · $264,322,003 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 68 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
WMT	Walmart Inc. Consumer Defensive	Reduced	140,227	-7,093	$17,427,411	+6.2%	6.59%
JNJ	Johnson & Johnson Healthcare	Reduced	65,551	-772	$16,023,286	+16.7%	6.06%
AAPL	Apple Inc. Technology	Reduced	62,549	-2,164	$15,874,310	−9.8%	6.01%
XOM	Exxon Mobil Corp Energy	Reduced	86,879	-14,749	$14,739,891	+20.5%	5.58%
COP	Conocophillips Energy	Reduced	92,619	-3,700	$12,225,708	+35.6%	4.63%
CB	Chubb Ltd Financial Services	Reduced	36,250	-294	$11,814,962	+3.6%	4.47%
MRK	Merck & Co., Inc. Healthcare	Reduced	92,801	-336	$11,163,032	+13.9%	4.22%
BNY	Bank of New York Mellon Corp Financial Services	Reduced	85,200	-4,630	$10,107,276	−3.1%	3.82%
CVX	Chevron Corp Energy	Reduced	45,931	-547	$9,503,123	+34.2%	3.60%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	56,999	-957	$8,232,935	−0.9%	3.11%
MSFT	Microsoft Corp Technology	Added	21,082	+228	$7,803,923	−22.6%	2.95%
ITW	Illinois Tool Works Inc Industrials	Reduced	29,290	-140	$7,623,894	+5.2%	2.88%
GLD	Spdr Gold Trust	Reduced	17,707	-160	$7,619,145	+7.6%	2.88%
KO	Coca Cola Co Consumer Defensive	Reduced	97,506	-677	$7,415,331	+8.0%	2.81%
AMGN	Amgen Inc Healthcare	Reduced	20,128	-75	$7,082,036	+7.1%	2.68%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	20,520	-725	$6,377,410	−1.8%	2.41%
HON	Honeywell International Inc Industrials	Added	27,695	+81	$6,259,900	+16.2%	2.37%
NVS	Novartis AG Healthcare	Reduced	40,555	-30	$6,194,776	+10.7%	2.34%
ED	Consolidated Edison Inc Utilities	Added	51,867	+970	$5,870,307	+16.1%	2.22%
LMT	Lockheed Martin Corp Industrials	Reduced	9,336	-27	$5,642,585	+24.6%	2.13%
UNP	Union Pacific Corp Industrials	Added	22,212	+51	$5,389,075	+5.1%	2.04%
HSY	Hershey Co Consumer Defensive	Reduced	23,458	-25	$4,876,683	+14.1%	1.84%
ABBV	AbbVie Inc. Healthcare	Added	21,140	+585	$4,597,738	−2.1%	1.74%
DUK	Duke Energy CORP Utilities	Added	32,085	+5,446	$4,201,209	+34.6%	1.59%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	14,174	-765	$4,169,423	−13.4%	1.58%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	19,348	-266	$4,026,125	−1.7%	1.52%
VZ	Verizon Communications Inc Communication Services	Reduced	78,010	-500	$3,916,102	+22.5%	1.48%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	10,426	-80	$3,429,007	−5.1%	1.30%
PEP	Pepsico Inc Consumer Defensive	Added	16,573	+350	$2,573,621	+10.5%	0.97%
IBM	International Business Machines Corp Technology	Reduced	9,920	-60	$2,404,508	−18.7%	0.91%
ADP	Automatic Data Processing Inc Technology	Added	11,795	+2,030	$2,396,508	−4.6%	0.91%
GOOGL	Alphabet Inc. Communication Services	Reduced	6,799	-530	$1,955,120	−14.8%	0.74%
O	Realty Income Corp Real Estate	Added	28,401	+4,610	$1,737,573	+29.6%	0.66%
V	Visa Inc. Financial Services	NEW	5,649	NEW	$1,707,353	NEW	0.65%
HII	Huntington Ingalls Industries, Inc. Industrials	Held	3,736	0	$1,419,306	+11.7%	0.54%
CAT	Caterpillar Inc Industrials	Reduced	1,791	-50	$1,268,851	+20.3%	0.48%
GRMN	Garmin Ltd Technology	Held	5,448	0	$1,263,990	+14.4%	0.48%
ABT	Abbott Laboratories Healthcare	Held	12,272	0	$1,259,966	−18.1%	0.48%
SCHW	Schwab Charles Corp Financial Services	Added	12,944	+214	$1,216,477	−4.4%	0.46%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	12,600	-1,050	$1,128,834	−1.8%	0.43%
MKC	Mccormick & Co Inc Consumer Defensive	Added	20,225	+8,100	$1,020,149	+23.5%	0.39%
DG	Dollar General Corp Consumer Defensive	Held	8,480	0	$1,006,830	−10.6%	0.38%
EMR	Emerson Electric Co Industrials	Reduced	7,287	-800	$954,742	−11.0%	0.36%
AZN	Astrazeneca PLC Healthcare	NEW	4,611	NEW	$909,381	NEW	0.34%
META	Meta Platforms, Inc. Communication Services	Added	1,397	+290	$799,265	+9.4%	0.30%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	3,717	-25	$774,139	−10.4%	0.29%
KR	Kroger Co Consumer Defensive	Added	9,716	+3,045	$703,049	+68.7%	0.27%
TRV	Travelers Companies, Inc. Financial Services	Added	2,314	+550	$674,947	+31.9%	0.26%
FDX	Fedex Corp Industrials	Added	1,870	+110	$666,056	+31.0%	0.25%
MAA	Mid America Apartment Communities Inc. Real Estate	Held	5,390	0	$658,226	−12.1%	0.25%