Hapanowicz & Associates Financial Services, Inc
Long book
$251.4M
Q1 2026
Positions
31
Top-10 weight
93%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsHapanowicz & Associates Financial Services, Inc is a wealth-management firm allocating client money, running a $251.4M US long book across 31 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD RUSSELL 1000 GROWTH, VANGUARD RUSSELL 1000 VALUE, SS SPDR S&P 500 ETF TRUST-US, SCHWAB INTERMEDIATE-TERM US, VANGUARD DIVIDEND APPREC ETF.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.9%
Q2 2024
+7.5%
Q3 2024
+1.9%
Q4 2024
-4.7%
Q1 2025
+10.2%
Q2 2025
+7.9%
Q3 2025
+2.4%
Q4 2025
-3.0%
Q1 2026
+12.4%
Sector allocation
Technology 53%
Consumer discretionary 16%
Industrials 15%
Financials 12%
Communications 3%
Long book by quarter
What does Hapanowicz & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 6.7K | $1.4M | 0.6% | +245.4% |
| GOOG ALPHABET INC-CL C | Technology | 4.6K | $1.3M | 0.5% | +142.9% |
| AAPL APPLE INC | Technology | 4.1K | $1.0M | 0.4% | -3.5% |
| NVDA NVIDIA CORP | Technology | 4.9K | $862K | 0.3% | -34.9% |
| GOOGL ALPHABET INC-CL A | Technology | 3.0K | $853K | 0.3% | -5.5% |
| LMT LOCKHEED MARTIN CORP | Industrials | 1.2K | $736K | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.4K | $661K | 0.3% | -3.2% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 2.9K | $614K | 0.2% | -0.9% |
| TSLA TESLA INC | Industrials | 1.5K | $541K | 0.2% | +0.2% |
| AMAT APPLIED MATERIALS INC | Technology | 1.6K | $539K | 0.2% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 801 | $458K | 0.2% | +2.6% |
| MSFT MICROSOFT CORP | Technology | 1.1K | $408K | 0.2% | -12.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 6.8K | $344K | 0.1% | +7.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 848 | $264K | 0.1% | +3.4% |
| FDX FEDEX CORP | Industrials | 713 | $254K | 0.1% | +1.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 31 | $251.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 34 | $255.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 34 | $216.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 34 | $198.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 32 | $179.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 28 | $199.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 29 | $198.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 30 | $175.1M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 31 | $175.1M | canonical | SEC ↗ |