Hapanowicz & Associates Financial Services, Inc

Registered adviser

CIK

1695959

Location

PITTSBURGH, PA

Portfolio Value

Small $322,264,568

Diversification

Moderately concentrated

Filing Date

Global Rank

#5,049 / 8,827 ▲ 319 · as of Jun 2026

Top Industry

Internet Content & Information 23.2%

Period ended 38 days ago

Filed Oct 29, 2026 · 9d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 157523

Roster of Nov 1, 2026

Regulatory AUM

$622,317,239

Main clients

Individuals and high net worth (83% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Feb 2026 to Nov 2026	$622,317,239	Individuals and high net worth (83%)
Mar 2025 to Jan 2026	$574,669,714	Individuals and high net worth (79%)
Apr 2024 to Feb 2025	$497,447,283	Individuals and high net worth (78%)
May 2023 to Mar 2024	$454,071,735	Individuals and high net worth (75%)
Apr 2023	$454,071,735	Individuals and high net worth (75%)
Mar 2022 to Mar 2023	$510,452,688	Individuals and high net worth (73%)

3 earlier changes not shown.

Stated strategy

Growth, Multi-asset, Wealth management / planning Form ADV Part 2A, Jun 15, 2026 · original

In the firm's words

Growth: Investments are selected which appear attractive for long term growth and are readily convertible to cash should circumstances warrant.
Multi-asset: The Hapanowicz primary strategy is a blend of strategic and tactical.
Wealth management / planning: We may use AI-enabled tools in the financial planning process to help draft or organize planning materials, analyze inputs, model scenarios, estimate probabilities, or generate planning assumptions.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 95.4% of the book (60%+)

Turnover

Low turnover

3.2% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 16.6 quarters (12+), a floor since 48.8% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 90.3%; sector active share 82.7% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

38 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

44.5%

+0.8 pts

Top 5

87.3%

+1.5 pts

Top 10

96.1%

+0.7 pts

HHI

2,491

Moderately concentrated+86

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	95.8%	$308,682,512	20
Technology	1.3%	$4,049,703	5
Communication Services	1.1%	$3,458,745	4
Consumer Cyclical	0.7%	$2,191,140	2
Industrials	0.7%	$2,131,645	3
Financial Services	0.5%	$1,548,554	3
Consumer Defensive	0.1%	$202,269	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
UTWO	US Treasury 2 Year Note ETF	+44,902	785,134	$37,168,243
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+23,768	1,420,787	$33,672,651
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	+9,287	540,361	$69,668,743
VIG	Vanguard Specialized Funds	+1,662	91,302	$21,301,669
SPY	Spdr S&P 500 ETF Trust	+716	59,874	$45,661,708
ACWX	iShares MSCI ACWI ex U.S. ETF	+407	61,515	$4,651,764
IWR	iShares Russell Mid-Cap ETF	+255	14,401	$1,536,730
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	+73	614,958	$66,845,934
NVDA	Nvidia Corp	+10	4,988	$1,139,159
VOO	VANGUARD 500 INDEX FUND	+1	397	$278,241
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
OSK	Oshkosh Corp	−3,000	10,202	$1,314,221
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	−1,407	29,198	$8,528,735
VONE	VANGUARD RUSSELL 1000 INDEX FUND	−1,177	20,308	$6,985,952
FYX	First Trust Small Cap Core AlphaDEX Fund	−340	41,246	$5,551,299
IWS	iShares Russell Mid-Cap Value ETF	−200	21,735	$3,493,683
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−57	551	$206,206
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
PM	Philip Morris International Inc.	1,060	$202,269
—		992	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
MCD	Mcdonalds Corp	806	$217,869
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

38 tracked positions · $322,264,568 total · filing declares 38 positions · $324,847,586 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VONG	VANGUARD RUSSELL 1000 GROWTH INDEX FUND	Added	540,361	+9,287	$69,668,743	+2.6%	21.62%
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	Added	614,958	+73	$66,845,934	+2.3%	20.74%
SPY	Spdr S&P 500 ETF Trust	Added	59,874	+716	$45,661,708	+3.4%	14.17%
UTWO	US Treasury 2 Year Note ETF	Added	785,134	+44,902	$37,168,243	+4.7%	11.53%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	Added	1,420,787	+23,768	$33,672,651	−2.3%	10.45%
VIG	Vanguard Specialized Funds	Added	91,302	+1,662	$21,301,669	+0.4%	6.61%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Reduced	29,198	-1,407	$8,528,735	−9.0%	2.65%
VONE	VANGUARD RUSSELL 1000 INDEX FUND	Reduced	20,308	-1,177	$6,985,952	−4.0%	2.17%
FYX	First Trust Small Cap Core AlphaDEX Fund	Reduced	41,246	-340	$5,551,299	−7.5%	1.72%
ACWX	iShares MSCI ACWI ex U.S. ETF	Added	61,515	+407	$4,651,764	+0.0%	1.44%
IWS	iShares Russell Mid-Cap Value ETF	Reduced	21,735	-200	$3,493,683	−3.2%	1.08%
AMZN	Amazon Com Inc Consumer Cyclical	Held	6,721	0	$1,674,537	+4.5%	0.52%
GOOG	Alphabet Inc. Communication Services	Held	4,541	0	$1,547,300	−3.6%	0.48%
IWR	iShares Russell Mid-Cap ETF	Added	14,401	+255	$1,536,730	−1.5%	0.48%
DIA	Spdr Dow Jones Industrial Average ETF Trust	Held	3,009	0	$1,530,226	−2.6%	0.47%
AAPL	Apple Inc. Technology	Held	4,042	0	$1,346,066	+15.1%	0.42%
OSK	Oshkosh Corp Industrials	Reduced	10,202	-3,000	$1,314,221	−35.1%	0.41%
NVDA	Nvidia Corp Technology	Added	4,988	+10	$1,139,159	+14.4%	0.35%
GLD	Spdr Gold Trust	Held	2,856	0	$1,087,679	+3.4%	0.34%
GOOGL	Alphabet Inc. Communication Services	Held	2,968	0	$1,021,229	−3.7%	0.32%
AMAT	Applied Materials Inc Technology	Held	1,577	0	$806,446	−29.3%	0.25%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,379	0	$686,673	−0.5%	0.21%
PNC	Pnc Financial Services Group, Inc. Financial Services	Held	2,949	0	$655,444	−9.7%	0.20%
LMT	Lockheed Martin Corp Industrials	Held	1,206	0	$614,155	−0.0%	0.19%
META	Meta Platforms, Inc. Communication Services	Held	801	0	$580,869	+28.7%	0.18%
MSFT	Microsoft Corp Technology	Held	1,036	0	$531,364	+37.5%	0.16%
TSLA	Tesla, Inc. Consumer Cyclical	Held	1,456	0	$516,603	−15.6%	0.16%
VZ	Verizon Communications Inc Communication Services	Held	6,744	0	$309,347	+8.3%	0.10%
VOO	VANGUARD 500 INDEX FUND	Added	397	+1	$278,241	+2.3%	0.09%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Held	1,720	0	$271,502	+0.6%	0.08%
TAFI	AB Tax-Aware Short Duration Municipal ETF	Held	9,827	0	$241,547	−2.5%	0.07%
CSCO	Cisco Systems, Inc. Technology	Held	2,106	0	$226,668	−8.4%	0.07%
JPM	Jpmorgan Chase & Co Financial Services	Held	624	0	$206,437	+1.1%	0.06%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	551	-57	$206,206	−8.3%	0.06%
FDX	Fedex Corp Industrials	Held	713	0	$203,269	−9.0%	0.06%
PM	Philip Morris International Inc. Consumer Defensive	NEW	1,060	NEW	$202,269	NEW	0.06%
		NEW	992	NEW	$0	NEW	0.00%
MMIT	NYLIM ETF Trust	Held	103,845	0	$0	−100.0%	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.