HAMEL ASSOCIATES, INC.

Portfolio Overview

HAMEL ASSOCIATES, INC. disclosed 81 positions worth $350.5M in its Form 13F-HR for Q1 2026, followed by $WMT and $JNJ. During the quarter the fund opened 5 new positions and exited 4 — including a new stake in $V and a full exit from $ALEX. The portfolio is most concentrated in Other (20.5% of disclosed assets). All figures are sourced directly from HAMEL ASSOCIATES, INC.’s Form 13F-HR filing with the SEC under CIK 1599760.

• SCHWAB STRATEGIC TR

  —

  Quality

  $26.0M820,968 sh
• 

  Walmart Inc.

  $WMT

  63.2#694

  Quality

  $17.4M140,227 sh
• 

  JOHNSON & JOHNSON

  $JNJ

  72.8#214

  Quality

  $16.0M65,551 sh
• 

  Apple Inc.

  $AAPL

  76.1

  Quality

  $15.9M62,549 sh
• 

  EXXON MOBIL CORP

  $XOM

  61.8

  Quality

  $14.7M86,879 sh
• 

  Alphabet Inc.

  $GOOGL

  80.2

  Quality

  $14.3M49,746 sh
• 

  CONOCOPHILLIPS

  $COP

  74.8

  Quality

  $12.2M92,619 sh
• 

  Chubb Ltd

  $CB

  —

  Quality

  $11.8M36,250 sh
• 

  Merck & Co., Inc.

  $MRK

  70.9

  Quality

  $11.2M92,801 sh
• 

  Bank of New York Mellon Corp

  $__PARK_1390777

  36.7

  Quality

  $10.1M85,200 sh

Company	Quality	Value	Shares
SCHWAB STRATEGIC TR	—	$26.0M	820,968
Walmart Inc.$WMT	63.2#694	$17.4M	140,227
JOHNSON & JOHNSON$JNJ	72.8#214	$16.0M	65,551
Apple Inc.$AAPL	76.1	$15.9M	62,549
EXXON MOBIL CORP$XOM	61.8	$14.7M	86,879
Alphabet Inc.$GOOGL	80.2	$14.3M	49,746
CONOCOPHILLIPS$COP	74.8	$12.2M	92,619
Chubb Ltd$CB	—	$11.8M	36,250
Merck & Co., Inc.$MRK	70.9	$11.2M	92,801
Bank of New York Mellon Corp$__PARK_1390777	36.7	$10.1M	85,200

Showing top 10 of 81 holdings.

Full Holdings — HAMEL ASSOCIATES, INC. (Q1 2026)

All 81 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	SCHWAB STRATEGIC TR	$26.0M	7.4%	+16%	—
2	$WMT	Walmart Inc.	$17.4M	5.0%	-5%	63.2
3	$JNJ	JOHNSON & JOHNSON	$16.0M	4.6%	-1%	72.8
4	$AAPL	Apple Inc.	$15.9M	4.5%	-3%	76.1
5	$XOM	EXXON MOBIL CORP	$14.7M	4.2%	-15%	61.8
6	$GOOGL	Alphabet Inc.	$14.3M	4.1%	-4%	80.2
7	$COP	CONOCOPHILLIPS	$12.2M	3.5%	-4%	74.8
8	$CB	Chubb Ltd	$11.8M	3.4%	-1%	—
9	$MRK	Merck & Co., Inc.	$11.2M	3.2%	-0%	70.9
10	$__PARK_1390777	Bank of New York Mellon Corp	$10.1M	2.9%	-5%	36.7
11	$CVX	CHEVRON CORP	$9.5M	2.7%	-1%	54.7
12	$PG	PROCTER & GAMBLE Co	$8.2M	2.4%	-2%	72.9
13	—	ISHARES TR	$7.8M	2.2%	-35%	—
14	$MSFT	MICROSOFT CORP	$7.8M	2.2%	+1%	83.7
15	$ITW	ILLINOIS TOOL WORKS INC	$7.6M	2.2%	-0%	71.2
16	$GLD	SPDR GOLD TRUST	$7.6M	2.2%	-1%	—
17	$KO	COCA COLA CO	$7.4M	2.1%	-1%	74
18	$AMGN	AMGEN INC	$7.1M	2.0%	-0%	79.5
19	—	ISHARES TR	$6.7M	1.9%	+9%	—
20	—	ISHARES TR	$6.6M	1.9%	+5%	—
21	$MCD	MCDONALDS CORP	$6.4M	1.8%	-3%	73.9
22	$HON	HONEYWELL INTERNATIONAL INC	$6.3M	1.8%	+0%	65.7
23	$NVS	NOVARTIS AG	$6.2M	1.8%	-0%	—
24	—	ISHARES TR	$5.9M	1.7%	+2%	—
25	$ED	CONSOLIDATED EDISON INC	$5.9M	1.7%	+2%	71.6
26	—	ISHARES TR	$5.7M	1.6%	+8%	—
27	$LMT	LOCKHEED MARTIN CORP	$5.6M	1.6%	-0%	65
28	$UNP	UNION PACIFIC CORP	$5.4M	1.5%	+0%	74
29	$HSY	HERSHEY CO	$4.9M	1.4%	-0%	59.4
30	$ABBV	AbbVie Inc.	$4.6M	1.3%	+3%	59.3
31	$DUK	Duke Energy CORP	$4.2M	1.2%	+20%	64
32	$JPM	JPMORGAN CHASE & CO	$4.2M	1.2%	-5%	35.6
33	—	ISHARES TR	$4.1M	1.2%	+15%	—
34	—	SELECT SECTOR SPDR TR	$4.0M	1.1%	+1%	—
35	$PNC	PNC FINANCIAL SERVICES GROUP, INC.	$4.0M	1.1%	-1%	70.9
36	$VZ	VERIZON COMMUNICATIONS INC	$3.9M	1.1%	-1%	71.6
37	$HD	HOME DEPOT, INC.	$3.4M	1.0%	-1%	69.2
38	$PEP	PEPSICO INC	$2.6M	0.7%	+2%	62.7
39	$IBM	INTERNATIONAL BUSINESS MACHINES CORP	$2.4M	0.7%	-1%	66.7
40	$ADP	AUTOMATIC DATA PROCESSING INC	$2.4M	0.7%	+21%	77.9
41	—	ISHARES TR	$2.2M	0.6%	+24%	—
42	—	SCHWAB STRATEGIC TR	$2.0M	0.6%	-5%	—
43	$GOOG	Alphabet Inc.	$2.0M	0.6%	-7%	80.2
44	$O	REALTY INCOME CORP	$1.7M	0.5%	+19%	74.6
45	$V	VISA INC.	$1.7M	0.5%	NEW	83.5
46	$HII	HUNTINGTON INGALLS INDUSTRIES, INC.	$1.4M	0.4%	+0%	55.4
47	$CAT	CATERPILLAR INC	$1.3M	0.4%	-3%	67.8
48	$GRMN	GARMIN LTD	$1.3M	0.4%	+0%	—
49	$ABT	ABBOTT LABORATORIES	$1.3M	0.4%	+0%	67
50	$SCHW	SCHWAB CHARLES CORP	$1.2M	0.3%	+2%	77.2
51	$SBUX	STARBUCKS CORP	$1.1M	0.3%	-8%	54.6
52	$MKC	MCCORMICK & CO INC	$1.0M	0.3%	+67%	73.7
53	$DG	DOLLAR GENERAL CORP	$1.0M	0.3%	+0%	60.4
54	$EMR	EMERSON ELECTRIC CO	$954,743	0.3%	-10%	65.9
55	$AZN	ASTRAZENECA PLC	$909,381	0.3%	-41%	—
56	$META	Meta Platforms, Inc.	$799,060	0.2%	+26%	80.9
57	$AMZN	AMAZON COM INC	$774,140	0.2%	-1%	74.6
58	$KR	KROGER CO	$703,050	0.2%	+46%	51.1
59	$TRV	TRAVELERS COMPANIES, INC.	$674,948	0.2%	+31%	71.5
60	$FDX	FEDEX CORP	$666,057	0.2%	+6%	60.3
61	$MAA	MID AMERICA APARTMENT COMMUNITIES INC.	$658,227	0.2%	+0%	63.7
62	$SHEL	Shell plc	$560,548	0.2%	+0%	—
63	—	ISHARES TR	$552,908	0.2%	-91%	—
64	$VMI	VALMONT INDUSTRIES INC	$527,432	0.1%	+0%	60.1
65	$DEO	DIAGEO PLC	$476,785	0.1%	-70%	—
66	$DE	DEERE & CO	$436,558	0.1%	-1%	57.4
67	$ETN	Eaton Corp plc	$417,759	0.1%	NEW	—
68	$SOLS	Solstice Advanced Materials Inc.	$403,343	0.1%	-26%	—
69	$CL	COLGATE PALMOLIVE CO	$399,729	0.1%	+14%	72.4
70	$MA	Mastercard Inc	$399,228	0.1%	+0%	81.7
71	—	J P MORGAN EXCHANGE TRADED F	$317,963	0.1%	+28%	—
72	$SLB	SLB LIMITED/NV	$315,792	0.1%	NEW	63.2
73	$KMI	KINDER MORGAN, INC.	$298,417	0.1%	+0%	74.6
74	$KMB	KIMBERLY CLARK CORP	$296,645	0.1%	-5%	61.7
75	$CSCO	CISCO SYSTEMS, INC.	$288,868	0.1%	-1%	72.3
76	$BXP	BXP, Inc.	$280,260	0.1%	+0%	50.9
77	$KOF	COCA COLA FEMSA SAB DE CV	$231,681	0.1%	+0%	—
78	$FANG	Diamondback Energy, Inc.	$227,459	0.1%	-15%	81.4
79	$NVDA	NVIDIA CORP	$220,539	0.1%	-18%	90.2
80	$BMY	BRISTOL MYERS SQUIBB CO	$219,674	0.1%	NEW	70.1
81	$TPL	Texas Pacific Land Corp	$213,552	0.1%	NEW	79.1