Analyzing Hamel Associates, Inc. Q3 2022 vs. Q4 2022 13F Holdings: Changes and Implications

As we move towards a new year, financial analysts and investors alike are curious about the changes in holdings among major funds in Q3 2022 versus Q4 2022. This data helps us keep a pulse on the market and enables us to make informed decisions for the future. This article will provide you with insights into the significant changes in holdings within the Hamel Associates, Inc. fund during this period.

Hamel Associates, Inc. 13F Holdings - Overview

According to the Q4 2022 13F filing, Hamel Associates decreased its total holdings by 5.5%, from $2.08 billion in Q3 2022 to $1.96 billion in Q4 2022. The fund's largest holdings were in Apple Inc. (AAPL), Walmart Inc. (WMT), and Johnson & Johnson (JNJ).

The top ten holdings in the Hamel Associates, Inc. fund accounted for 44.4% of the total portfolio value, a decrease of 1.6% compared to the Q3 holdings.

In the following sections, we will take a closer look at some of the significant changes in holdings within the Hamel Associates, Inc. fund.

Technology Stocks

In Q4 2022, the technology sector accounted for 22.9% of the Hamel Associates, Inc. fund holdings. The fund's largest technology holding was Apple Inc., which made up the largest position of 7.06%, with 105,603 shares.

Despite a decrease of 7.1% in the number of shares for AAPL, it remained the top holding with a total value of $13,721,000. The technology giant remains a popular choice among investors, thanks to its consistent growth and innovative products.

Microsoft Corp. (MSFT), Illinois Tool Works Inc. (ITW), and Alphabet Inc. (GOOG) were among the other significant technology holdings for the Hamel Associates, Inc. fund. However, in the case of GOOG, it had no holdings in Q3 2022, and during Q4 2022, it became the sixth-largest holding, with a total value of $6,471,000, representing a 100% change.

Consumer Goods

The consumer goods sector remained one of the largest in the Hamel Associates, Inc. portfolio, accounting for 17.4% of its holdings. The largest holding in this sector was Procter & Gamble Co. (PG), which accounted for the fourth-largest position in the portfolio, with a total value of $10,602,000.

While PG's holdings increased by 0.6% in Q4 2022, other consumer goods holding such as Coca Cola Co. (KO), Kimberly-Clark Corp. (KMB), and Hershey Co. (HSY) experienced significant changes.

KMB saw a dramatic increase of 191.3%, from $642,000 in Q3 2022 to $1,870,000 in Q4 2022. On the other hand, The Hershey Company (HSY) experienced a minor change of 2.8% from $1,413,000 in Q3 2022 to $1,453,000 in Q4 2022.

Financials

The financials sector is also a significant contributor to the Hamel Associates, Inc. fund. The top holdings in this sector were United Parcel Service Inc. (UPS) and Wells Fargo & Company (WFC-L). However, the financials sector has been the worst-performing sector in the S&P 500 index, delivering negative returns to investors.

WFC-L was the only stock in the financials sector that remained in the top 20 holdings for the Hamel Associates, Inc. fund in Q4 2022; it saw a minor decrease of 1.5%. On the other hand, UPS increased its shares by 1.3%, from 56,084 to 56,929, while the total value increased from $9,060,000 in Q3 2022 to $9,896,000 in Q4 2022.

Conclusion

In summary, the Hamel Associates, Inc. fund saw some notable changes in holdings in Q4 2022 compared to Q3 2022. The largest holding, AAPL, remained unchanged in the top spot, but there were some changes in holdings in other stocks such as KMB, HSY, and GOOG.

While the technology sector remains the largest sector in the fund, some consumer goods holdings experienced a significant change during this period.

These changes suggest that the changing market conditions have led to some level of repositioning within the fund. Investors and financial analysts should keep track of these changes to make informed decisions for their portfolios for the future.