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Livermore
Livermore
ZHEN

Hamel Associates, Inc.

SEC CIK
0001599760
Latest filing
Jul 27, 2026

The latest 13F from Hamel Associates, Inc. covers Q2 2026 (filed Jul 27, 2026): 92 long positions worth $362.7M. The top 10 holdings make up 41.3% of the portfolio, and the largest is Schwab Strategic Tr at 7.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
14
Est. +$20.7M
Added
21
Est. +$4.77M
Reduced
42
Est. −$9.15M
Sold out
3
Est. −$6.69M

Top 5 holdings

Share of this quarter's portfolio value

  1. Schwab Strategic Tr808524672
    7.1%$25.7M
  2. AAPLApple Inc.
    4.7%$17.2MHistory
  3. JNJJohnson & Johnson
    4.5%$16.5MHistory
  4. GOOGAlphabet Inc.
    4.5%$16.5MHistory
  5. WMTWalmart Inc.
    4.3%$15.5MHistory

Share of portfolio

Top 5 holdings and the other 87 positions, by share of portfolio value

  1. Schwab Strategic Tr7.1%
  2. AAPL4.7%
  3. JNJ4.5%
  4. GOOG4.5%
  5. WMT4.3%
  6. Other 87 positions74.8%

Biggest buys

New and added positions, by estimated amount bought

  1. Vanguard Malvern FDS922020805
    +$11.7MNew
  2. HONHoneywell International Inc
    +$3.25MNewHistory
  3. HONAHoneywell Aerospace Inc.
    +$3.19MNewHistory
  4. ABTAbbott Laboratories
    +$1.58MAddedHistory
  5. HIIHuntington Ingalls Industries, Inc.
    +$1.50MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Vanguard Malvern FDS922020805
    +3.22 pp0.0% → 3.2%
  2. HONHoneywell International Inc
    +0.90 pp0.0% → 0.9%History
  3. HONAHoneywell Aerospace Inc.
    +0.88 pp0.0% → 0.9%History
  4. ABTAbbott Laboratories
    +0.38 pp0.4% → 0.7%History
  5. HIIHuntington Ingalls Industries, Inc.
    +0.30 pp0.4% → 0.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HONHoneywell International Inc
    −$6.26MSold outHistory
  2. VZVerizon Communications Inc
    −$1.30MReducedHistory
  3. GOOGAlphabet Inc.
    −$1.10MReducedHistory
  4. BNYBank of New York Mellon Corp
    −$1.01MReducedHistory
  5. AAPLApple Inc.
    −$888.5KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HONHoneywell International Inc
    −1.79 pp1.8% → 0.0%History
  2. XOMExxonMobil Holdings Corp
    −1.05 pp4.2% → 3.2%History
  3. COPConocoPhillips
    −0.87 pp3.5% → 2.6%History
  4. WMTWalmart Inc.
    −0.69 pp5.0% → 4.3%History
  5. CVXChevron Corp
    −0.63 pp2.7% → 2.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$362.7M
+$12.1M (+3.5%) vs. prior quarter
Positions
92
+11 vs. prior quarter
Top 10 concentration
41.3%
Top 10 as share of value
Turnover
4.4%
Q2 2026, one quarter
Average holding period
17.6 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $362.7M (Q2 2026)

Q1 2021: $259.3MQ2 2021: $262.2MQ3 2021: $256.2MQ4 2021: $278.8MQ1 2022: $281.3MQ2 2022: $253.6MQ3 2022: $252.7MQ4 2022: $287.5MQ1 2023: $288.7MQ2 2023: $285.8MQ3 2023: $273.8MQ4 2023: $283.8MQ1 2024: $311.8MQ2 2024: $317.3MQ3 2024: $327.3MQ4 2024: $310.7MQ1 2025: $294.2MQ2 2025: $295.3MQ3 2025: $325.2MQ4 2025: $331.8MQ1 2026: $350.5MQ2 2026: $362.7M
Q1 2021Q2 2026
13F filings of Hamel Associates, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 202692$362.7MSchwab Strategic TrAAPLJNJvs. Q1 2026SEC
Q1 2026May 7, 202681$350.5MSchwab Strategic TrWMTJNJvs. Q4 2025SEC
Q4 2025Feb 11, 202679$331.8MSchwab Strategic TrAAPLWMTvs. Q3 2025SEC
Q3 2025Nov 12, 202581$325.2MAAPLSchwab Strategic TrWMTvs. Q2 2025SEC
Q2 2025Aug 13, 202581$295.3MWMTAAPLSchwab Strategic Trvs. Q1 2025SEC
Q1 2025May 6, 202571$294.2MAAPLWMTXOMvs. Q4 2024SEC
Q4 2024Feb 5, 202574$310.7MAAPLWMTGOOGvs. Q3 2024SEC
Q3 2024Nov 5, 202474$327.3MAAPLWMTXOMvs. Q2 2024SEC
Q2 2024Aug 2, 202476$317.3MAAPLWMTXOMvs. Q1 2024SEC
Q1 2024Apr 23, 202471$311.8MWMTAAPLiShares Trvs. Q4 2023SEC
Q4 2023Feb 8, 202469$283.8MAAPLWMTMSFTvs. Q3 2023SEC
Q3 2023Nov 3, 202373$273.8MAAPLWMTCOPvs. Q2 2023SEC
Q2 2023Aug 8, 202373$285.8MAAPLWMTJNJvs. Q1 2023SEC
Q1 2023May 8, 202381$288.7MAAPLWMTUPSvs. Q4 2022SEC
Q4 2022Feb 6, 202380$287.5MAAPLWMTJNJvs. Q3 2022SEC
Q3 2022Nov 9, 202279$252.7MAAPLJNJWMTvs. Q2 2022SEC
Q2 2022Aug 8, 202278$253.6MAAPLJNJUPSvs. Q1 2022SEC
Q1 2022May 6, 202279$281.3MAAPLWMTJNJvs. Q4 2021SEC
Q4 2021Feb 8, 202274$278.8MAAPLUPSPGvs. Q3 2021SEC
Q3 2021Nov 8, 202168$256.2MAAPLWMTJNJvs. Q2 2021SEC
Q2 2021Aug 4, 202168$262.2MAAPLUPSJNJvs. Q1 2021SEC
Q1 2021May 4, 202170$259.3MAAPLJNJWMT–SEC