KELLY LAWRENCE W & ASSOCIATES INC/CA

Fundamental diversified ★Signal CIK 920441
League rank
#29
in Fundamental diversified · #170 overall
Long book
$359.7M
Q1 2026
Positions
124
Top-10 weight
51%
concentration
Last quarter
+31.4%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

KELLY LAWRENCE W & ASSOCIATES INC/CA is a diversified fundamental manager, running a $359.7M US long book across 124 positions.

The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL A, APPLE INC, ADVANCED MICRO DEVICES, COSTCO WHOLESALE CORP, INTERCONTINENTAL EXCHANGE IN.

Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-0.8%
Q2 2024
+3.0%
Q3 2024
-1.5%
Q4 2024
-2.2%
Q1 2025
+5.6%
Q2 2025
+5.9%
Q3 2025
+2.3%
Q4 2025
-6.4%
Q1 2026
+31.4%

Sector allocation

Technology
44%
Financials
15%
Consumer discretionary
12%
Healthcare
9%
Services media
6%
Industrials
6%
Consumer staples
3%
Other
2%

Long book by quarter

$439.5M
Q1 2024
$438.6M
Q2 2024
$443.5M
Q3 2024
$428.7M
Q4 2024
$411.7M
Q1 2025
$381.6M
Q2 2025
$412.6M
Q3 2025
$411.1M
Q4 2025
$359.7M
Q1 2026

What does KELLY LAWRENCE own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOGL ALPHABET INC-CL ATechnology112.6K$32.4M9.0%-7.0%
AAPL APPLE INCTechnology110.2K$28.0M7.8%-6.9%
AMD ADVANCED MICRO DEVICESTechnology122.0K$24.8M6.9%-11.8%
COST COSTCO WHOLESALE CORPConsumer discretionary24.3K$24.2M6.7%-0.6%
ICE INTERCONTINENTAL EXCHANGE INFinancials88.2K$13.9M3.9%-4.7%
COF CAPITAL ONE FINANCIAL CORPFinancials71.1K$13.0M3.6%-8.4%
V VISA INC-CLASS A SHARESServices media41.8K$12.6M3.5%-4.8%
GNRC GENERAC HOLDINGS INCIndustrials61.7K$12.1M3.4%-36.8%
JNJ JOHNSON & JOHNSONHealthcare47.8K$11.7M3.2%-6.4%
AMZN AMAZON.COM INCConsumer discretionary52.5K$10.9M3.0%-6.8%
NOW SERVICENOW INCTechnology100.1K$10.5M2.9%New
PANW PALO ALTO NETWORKS INCTechnology65.2K$10.4M2.9%New
GOOG ALPHABET INC-CL CTechnology35.9K$10.3M2.9%-3.1%
UNH UNITEDHEALTH GROUP INCFinancials36.5K$9.9M2.7%-5.2%
ROP ROPER TECHNOLOGIES INCTechnology27.0K$9.6M2.7%-3.7%
AMAT APPLIED MATERIALS INCTechnology27.5K$9.4M2.6%-5.8%
BR BROADRIDGE FINANCIAL SOLUTIOServices media57.6K$9.4M2.6%-5.7%
PEP PEPSICO INCConsumer staples58.6K$9.1M2.5%-5.9%
CRDO CREDO TECHNOLOGY GROUP HOLDITechnology89.8K$8.4M2.3%New
KNSL KINSALE CAPITAL GROUP INCFinancials22.4K$7.7M2.1%-5.2%
HIMS HIMS & HERS HEALTH INCHealthcare334.0K$6.9M1.9%-5.2%
RGEN REPLIGEN CORPHealthcare54.5K$6.4M1.8%+32.5%
WWD WOODWARD INCIndustrials16.6K$5.9M1.7%-4.5%
AFL AFLAC INCFinancials45.7K$5.0M1.4%-3.0%
HD HOME DEPOT INCConsumer discretionary12.7K$4.2M1.2%-1.7%
CVX CHEVRON CORPEnergy19.1K$4.0M1.1%-2.6%
CSCO CISCO SYSTEMS INCTechnology37.5K$2.9M0.8%-16.8%
PG PROCTER & GAMBLE CO/THEOther19.7K$2.9M0.8%-12.4%
JPM JPMORGAN CHASE & COFinancials8.1K$2.4M0.7%Held
MSFT MICROSOFT CORPTechnology6.4K$2.4M0.7%-0.7%
CRM SALESFORCE INCTechnology11.9K$2.2M0.6%-2.0%
ABBV ABBVIE INCHealthcare7.9K$1.7M0.5%-11.3%
BWEL BOSWELL (JG) CO3.1K$1.7M0.5%Held
HXL HEXCEL CORPMaterials20.8K$1.7M0.5%-3.1%
SCHW SCHWAB (CHARLES) CORPFinancials14.8K$1.4M0.4%-0.3%
ALB ALBEMARLE CORPMaterials18.0K$1.3M0.4%-29.2%
XOM EXXON MOBIL CORPEnergy7.3K$1.2M0.3%Held
NEE NEXTERA ENERGY INCUtilities13.3K$1.2M0.3%+93.7%
VRSN VERISIGN INCTechnology5.0K$1.2M0.3%-0.7%
WFC 7.5 PERP L WELLS FARGO & COMPANY845$978K0.3%-4.7%
WMT WALMART INCConsumer discretionary7.5K$932K0.3%Held
ALB ALBEMARLE CORPMaterials4.8K$859K0.2%Held
EW EDWARDS LIFESCIENCES CORPHealthcare10.5K$843K0.2%Held
GILD GILEAD SCIENCES INCHealthcare6.0K$842K0.2%-4.0%
IBM INTL BUSINESS MACHINES CORPTechnology3.0K$727K0.2%-0.3%
CAT CATERPILLAR INCIndustrials979$694K0.2%Held
ABT ABBOTT LABORATORIESHealthcare5.9K$607K0.2%Held
DE DEERE & COIndustrials1.1K$606K0.2%Held
COP CONOCOPHILLIPSEnergy4.5K$598K0.2%Held
BAC BANK OF AMERICA CORPFinancials11.8K$577K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026182$359.7M canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026186$411.1M canonicalSEC ↗
Q3 202513F-HRNov 14, 2025221$412.6M canonicalSEC ↗
Q2 202513F-HRAug 14, 2025219$381.6M canonicalSEC ↗
Q1 202513F-HRMay 14, 2025229$411.7M canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025238$428.7M canonicalSEC ↗
Q3 202413F-HRNov 14, 2024242$443.5M canonicalSEC ↗
Q2 202413F-HRAug 13, 2024252$438.6M canonicalSEC ↗
Q1 202413F-HRMay 15, 2024253$439.5M canonicalSEC ↗