# EDGAR Filing Document

**Accession Number:** 0001599760
**File Stem:** 0001420506-23-000250
**Filing Date:** 2023-2
**Character Count:** 10946
**Document Hash:** 8b65914465636948c054153007ee94fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-23-000250.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001420506-23-000250

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**EFFECTIVENESS DATE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HAMEL ASSOCIATES, INC.
- **CENTRAL INDEX KEY:** 0001599760
- **IRS NUMBER:** 223421379
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16083
- **FILM NUMBER:** 23590210

**BUSINESS ADDRESS:**
- **STREET 1:** 24 WASHINGTON AVENUE
- **CITY:** CHATHAM
- **STATE:** NJ
- **ZIP:** 07928
- **BUSINESS PHONE:** 9736651400

**MAIL ADDRESS:**
- **STREET 1:** 24 WASHINGTON AVENUE
- **CITY:** CHATHAM
- **STATE:** NJ
- **ZIP:** 07928

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HAMEL ASSOCIATES INC.<br>**Address:** 24 Washington Avenue<br>Chatham, NJ 07928

**Form 13F File Number:** 028-16083

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Pasquale C. Hamel<br>**Title:** President<br>**Phone:** 9736651400

**Signature, Place, and Date of Signing:**

Pasquale C. Hamel President  Chatham, NJ  02-06-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 80

**Form 13F Information Table Value Total:** $287458360

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 |  | 4042797 | 36823 | SH |  | SOLE |  | 0 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 4478375 | 27711 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 857596 | 9720 | SH |  | SOLE |  | 0 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 6471176 | 72925 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 223020 | 2655 | SH |  | SOLE |  | 0 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 3512547 | 13374 | SH |  | SOLE |  | 0 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 13721799 | 105603 | SH |  | SOLE |  | 0 | 0 | 0 |
| AT INC | COM | 00206R102 |  | 3561415 | 193450 | SH |  | SOLE |  | 0 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 2625311 | 10990 | SH |  | SOLE |  | 0 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 425368 | 5912 | SH |  | SOLE |  | 0 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 1743942 | 7275 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 7847977 | 43706 | SH |  | SOLE |  | 0 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 7647761 | 34668 | SH |  | SOLE |  | 0 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 5152680 | 80997 | SH |  | SOLE |  | 0 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 402716 | 5115 | SH |  | SOLE |  | 0 | 0 | 0 |
| COMMUNITY BK SYS INC | COM | 203607106 |  | 794744 | 12625 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 10359928 | 87796 | SH |  | SOLE |  | 0 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 3903803 | 40955 | SH |  | SOLE |  | 0 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 2382438 | 9833 | SH |  | SOLE |  | 0 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 838226 | 1955 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 2426655 | 13615 | SH |  | SOLE |  | 0 | 0 | 0 |
| DIAMONDBACK ENERGY INC | COM | 25278X109 |  | 209957 | 1535 | SH |  | SOLE |  | 0 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 1787035 | 20569 | SH |  | SOLE |  | 0 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 9512035 | 38622 | SH |  | SOLE |  | 0 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 515877 | 5009 | SH |  | SOLE |  | 0 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 2131283 | 22187 | SH |  | SOLE |  | 0 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4374654 | 39655 | SH |  | SOLE |  | 0 | 0 | 0 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 2454767 | 24295 | SH |  | SOLE |  | 0 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 339472 | 1960 | SH |  | SOLE |  | 0 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 1453102 | 6275 | SH |  | SOLE |  | 0 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1636155 | 5180 | SH |  | SOLE |  | 0 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 4615808 | 21539 | SH |  | SOLE |  | 0 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 6330321 | 28735 | SH |  | SOLE |  | 0 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1613916 | 11450 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS DEC23 ETF | 46434VAX8 |  | 6221282 | 248553 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS DEC24 ETF | 46434VBG4 |  | 6159017 | 252212 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 |  | 6174094 | 253869 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 6114151 | 261848 | SH |  | SOLE |  | 0 | 0 | 0 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 1024541 | 43840 | SH |  | SOLE |  | 0 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 11675658 | 66090 | SH |  | SOLE |  | 0 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1941831 | 14477 | SH |  | SOLE |  | 0 | 0 | 0 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 1870364 | 13778 | SH |  | SOLE |  | 0 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 4252896 | 8742 | SH |  | SOLE |  | 0 | 0 | 0 |
| MARATHON OIL CORP | COM | 565849106 |  | 231313 | 8545 | SH |  | SOLE |  | 0 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 283400 | 815 | SH |  | SOLE |  | 0 | 0 | 0 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 1407887 | 16985 | SH |  | SOLE |  | 0 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 5137781 | 19496 | SH |  | SOLE |  | 0 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 10023346 | 90330 | SH |  | SOLE |  | 0 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 207194 | 1720 | SH |  | SOLE |  | 0 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 7392936 | 30818 | SH |  | SOLE |  | 0 | 0 | 0 |
| MID-AMER APT CMNTYS INC | COM | 59522J103 |  | 3558649 | 22668 | SH |  | SOLE |  | 0 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 404270 | 3455 | SH |  | SOLE |  | 0 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 1530435 | 17295 | SH |  | SOLE |  | 0 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 875539 | 9651 | SH |  | SOLE |  | 0 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 2165018 | 11977 | SH |  | SOLE |  | 0 | 0 | 0 |
| PIONEER NAT RES CO | COM | 723787107 |  | 6282324 | 27507 | SH |  | SOLE |  | 0 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 5648688 | 35762 | SH |  | SOLE |  | 0 | 0 | 0 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 1756957 | 16110 | SH |  | SOLE |  | 0 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 10602160 | 69944 | SH |  | SOLE |  | 0 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 |  | 3642468 | 57425 | SH |  | SOLE |  | 0 | 0 | 0 |
| RIO TINTO PLC | SPONSORED ADR | 767204100 |  | 477752 | 6710 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 991627 | 11910 | SH |  | SOLE |  | 0 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 3230020 | 42759 | SH |  | SOLE |  | 0 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 246568 | 1815 | SH |  | SOLE |  | 0 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 6195258 | 87876 | SH |  | SOLE |  | 0 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 344738 | 6050 | SH |  | SOLE |  | 0 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 1148367 | 6770 | SH |  | SOLE |  | 0 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 290339 | 3865 | SH |  | SOLE |  | 0 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 5437251 | 54811 | SH |  | SOLE |  | 0 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 1410216 | 9462 | SH |  | SOLE |  | 0 | 0 | 0 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 527452 | 225 | SH |  | SOLE |  | 0 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1847131 | 42924 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 2735809 | 13212 | SH |  | SOLE |  | 0 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 9896990 | 56929 | SH |  | SOLE |  | 0 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 4288771 | 98327 | SH |  | SOLE |  | 0 | 0 | 0 |
| VALMONT INDS INC | COM | 920253101 |  | 4983197 | 15070 | SH |  | SOLE |  | 0 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 3680405 | 93404 | SH |  | SOLE |  | 0 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 626396 | 3015 | SH |  | SOLE |  | 0 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 11712393 | 82601 | SH |  | SOLE |  | 0 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 408825 | 345 | SH |  | SOLE |  | 0 | 0 | 0 |

---