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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

KELLY LAWRENCE W & ASSOCIATES INC/CA

Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0000920441-25-000008

Total Value
$412.6M
Positions
221
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (221)

#IssuerTicker / CUSIPSharesValue% of Filing
1Alphabet Inc Cap Stk Cl AGOOG120,927$29.4M7.13%
2Apple, Inc.AAPL113,988$29.0M7.04%
3Advanced Micro DevicesAMD162,235$26.2M6.36%
4Costco Wholesale22160K10524,028$22.2M5.39%
5HIMS & HERS Health Inc Com CLHIMS342,145$19.4M4.70%
6Capital One Finl Corp14040H10576,455$16.3M3.94%
7Generac Hldgs Inc.GNRC91,767$15.4M3.72%
8Intercontinental Exchange Grou45866F10486,313$14.5M3.52%
9Broadridge Financial Solutions11133T10359,192$14.1M3.42%
10Visa Inc Cl AV41,002$14.0M3.39%
11Roper Technologies IncROP26,204$13.1M3.17%
12Unitedhealth Group Inc.UNH36,194$12.5M3.03%
13Fiserv Inc ComFISV89,045$11.5M2.78%
14Amazon Com Inc ComAMZN52,115$11.4M2.77%
15Danaher Corp Del COM23585110250,020$9.9M2.40%
16Icon PLC SHSICLR56,556$9.9M2.40%
17Kinsale Cap Group Inc.49714P10822,202$9.4M2.29%
18Alphabet Inc Cap Stk Cl CGOOG38,374$9.3M2.27%
19CoStar Group Inc.CSGP110,117$9.3M2.25%
20Johnson & JohnsonJNJ48,631$9.0M2.19%
21Pepsico IncPEP58,879$8.3M2.00%
22Applied Materials Inc.03822210531,438$6.4M1.56%
23Repligen CorpRGEN40,760$5.4M1.32%
24AFLAC Inc.AFL46,761$5.2M1.27%
25Home Depot IncHD12,277$5.0M1.21%
26Woodward IncWWD15,904$4.0M0.97%
27Microsoft CorpMSFT6,710$3.5M0.84%
28Cisco SystemsCSCO42,812$2.9M0.71%
29Salesforce.com IncCRM10,856$2.6M0.62%
30Procter & Gamble Co.74271810914,756$2.3M0.55%
31Chevron CorpCVX13,967$2.2M0.53%
32JPMorgan Chase & CoVYLD5,503$1.7M0.42%
33JG Boswell Co1012051023,447$1.7M0.42%
34Rithm Capital Corp 7.125 Pfd SRITM-PF60,291$1.5M0.37%
35AbbVie Inc.ABBV6,152$1.4M0.35%
36Charles Schwab Corp (New)SCHW-PJ14,807$1.4M0.34%
37Verisign Inc. Com.VRSN4,995$1.4M0.34%
38Procter & Gamble Co.7427181097,784$1.2M0.29%
39Alphabet Inc Cap Stk Cl AGOOG4,825$1.2M0.28%
40Apple, Inc.AAPL4,560$1.2M0.28%
41Visa Inc Cl AV3,350$1.1M0.28%
42Exxon Mobil CorpXOM10,083$1.1M0.28%
43Intercontinental Exchange Grou45866F1046,650$1.1M0.27%
44Hexcel Corp42829110816,596$1.0M0.25%
45Generac Hldgs Inc.GNRC6,200$1.0M0.25%
46AT&T Inc 5 Dep Rep Pfd Ser AT-PC46,900$985,8380.24%
47Roper Technologies IncROP1,925$959,9780.23%
48Wells Fargo & Co New Perp Pfd949746804777$959,9550.23%
49Fiserv Inc ComFISV6,975$899,2870.22%
50Chevron CorpCVX5,633$874,7490.21%
51Unitedhealth Group Inc.UNH2,485$858,0700.21%
52JPMorgan Chase & CoVYLD2,700$851,6610.21%
53Amazon Com Inc ComAMZN3,825$839,8550.20%
54Edwards Lifesciences Inc.EW10,525$818,5290.20%
55Capital One Finl Corp DP Shs P14040H82440,100$807,6140.20%
56WalMart IncWMT7,500$772,9500.19%
57CoStar Group Inc.CSGP9,025$761,4390.18%
58AGNC Invt Corp 6.5 Pfd Ser E00123Q80729,024$745,9170.18%
59Berkshire Hathaway Cl BBRK-A1,389$698,3060.17%
60Advanced Micro DevicesAMD4,250$687,6070.17%
61Int'l Bus MachINTR2,408$679,4410.16%
62AbbVie Inc.ABBV2,825$654,1000.16%
63Icon PLC SHSICLR3,700$647,5000.16%
64BXP IncBXP8,700$646,7580.16%
65Gilead Sciences Inc.GILD5,694$632,0340.15%
66Kimco Realty Corp Com49446R10928,350$619,4470.15%
67Kinsale Cap Group Inc.49714P1081,450$616,6270.15%
68Bank of America Corp06050510411,846$611,1350.15%
69Danaher Corp Del COM2358511023,025$599,7360.15%
70Nestle SA Spons ADR (For Reg)6410694066,295$578,1130.14%
71Broadridge Financial Solutions11133T1032,350$559,6990.14%
72Albemarle Corp 7.25 Pfd Ser AALB-PA14,355$546,7820.13%
73Costco Wholesale22160K105590$546,1220.13%
74HIMS & HERS Health Inc Com CLHIMS9,550$541,6760.13%
75Pepsico IncPEP3,800$533,6720.13%
76Rithm Capital Corp 7.0 RT RESTRITM-PF21,200$520,6720.13%
77Deere & Co.DE1,075$491,5540.12%
78Woodward IncWWD1,900$480,1490.12%
79Caterpillar IncCAT979$467,1300.11%
80Coca Cola CoKO6,931$459,6380.11%
81Johnson & JohnsonJNJ2,425$449,6430.11%
82NextEra Energy IncNEE-PW5,800$437,8420.11%
83ConocoPhillips ComCOP4,529$428,3980.10%
84Abbott LabsABLZF3,110$416,5530.10%
85Applied Materials Inc.0382221052,000$409,4800.10%
86Amgen, Inc. ComAMGN1,398$394,5160.10%
87Albemarle Corp.ALB-PA4,782$387,7250.09%
88AT&T IncT-PC13,606$384,2330.09%
89Ford Mtr 6.20 Pfd Due 06/01/2034537084516,900$382,9540.09%
90Abbott LabsABLZF2,800$375,0320.09%
91Wells Fargo Co New Com9497461014,400$368,8080.09%
92Capital One Finl Corp14040H1051,675$356,0710.09%
93Home Depot IncHD875$354,5410.09%
94Boeing Co Conv Pfd ABA-PA4,800$333,4080.08%
95Shell PLC Spons ADSRYDAF4,400$314,7320.08%
96Hexcel Corp4282911084,900$307,2300.07%
97Avery Dennison Corp.AVY1,800$291,9060.07%
98Vanguard SP500 Growth ETF921932505665$289,5810.07%
99GE AerospaceGE949$285,4780.07%
100Intel CorpINTC7,784$261,1530.06%
101AT&T Inc 5 Dep Rep Pfd Ser AT-PC12,400$260,6480.06%
102Salesforce.com IncCRM1,050$248,8500.06%
103Rithm Capital Corp 7.0 RT RESTRITM-PF10,000$245,6000.06%
104Thermo Fisher ScientificTMO500$242,5100.06%
105McDonalds CorpMCD797$242,3010.06%
106Norfolk Southern Corp655844108800$240,3280.06%
107Phillips 66 ComPSX1,758$239,1230.06%
108Pfizer IncPFE9,130$232,6320.06%
109Vertex Pharmaceuticals ComVRTX585$229,1090.06%
110Honeywell Intl Inc4385161061,073$225,8660.05%
111Atlanticus Holdings Co Pfd NTATLCZ8,578$220,4550.05%
112Amer States Water Co0298991012,780$203,8300.05%
113Lumentum Holdings Inc. ComLITE1,240$201,7600.05%
114Tesla Inc ComTSLA450$200,1240.05%
115Lilly Eli & Co ComLLY247$188,8030.05%
116McKesson CorpMCK240$185,4100.04%
117Raytheon TechRTX1,050$175,6960.04%
118Int'l Bus MachINTR600$169,2960.04%
119AAR Corp ComAIR1,775$159,1640.04%
1203M Co.MMM1,000$155,1800.04%
121Cisco SystemsCSCO2,250$153,9450.04%
122Zoetis Inc Cl AZTS1,028$150,4170.04%
123Regeneron Pharmaceutical ComREGN263$147,8770.04%
124GE Vernova IncGEV237$145,7310.04%
125American Tower Corp NE Com03027X100745$143,2780.03%
126Wells Fargo & Co New Perp Pfd949746804110$135,9010.03%
127GE AerospaceGE445$133,8650.03%
128AG Mortgage Inv Tr 8 Pfd Ser B0012283036,105$133,3030.03%
129Rithm Capital Corp 7.125 Pfd SRITM-PF5,200$132,1840.03%
130AT&T IncT-PC4,500$127,0800.03%
131State Street CorpSTT-PG1,050$121,8100.03%
132Verizon CommunicationsVZ2,607$114,5780.03%
133Avery Dennison Corp.AVY700$113,5190.03%
134Emerson Elec CoEMR800$104,9440.03%
1353M Co.MMM649$100,7120.02%
136Pennymac Mtg Invt Tr Pfd Ser A70931T3014,000$98,5200.02%
137Schlumberger LtdSLB2,804$96,3730.02%
138AG Mortgage Inv Tr 8 Pfd Ser B0012283034,000$87,3400.02%
139BYD Co Ltd Shs HBYDDF6,000$84,7800.02%
140GE Vernova IncGEV136$83,6260.02%
141Mattel Inc ComMAT4,800$80,7840.02%
142Unum Group ComUNMA1,000$77,7800.02%
143Take-Two Interactive S ComTTWO300$77,5080.02%
144Meta Platforms, Inc Cl AMETA100$73,4380.02%
145CSX CorpCSX1,950$69,2440.02%
146Nestle SA Spons ADR (For Reg)641069406750$68,8780.02%
147Franco Nevada CorpFNV300$66,8730.02%
148Gilead Sciences Inc.GILD600$66,6000.02%
149Rithm Capital Corp 7.125 Pfd SRITM-PF2,700$66,4740.02%
150TJX Cos Inc872540109455$65,7660.02%
151Honeywell Intl Inc438516106300$63,1500.02%
152Blackrock IncBLK53$61,7910.01%
153Energy Transfer L P Com UT LtdET-PI3,600$61,7760.01%
154AGNC Invt Corp 6.5 Pfd Ser E00123Q8072,300$59,1100.01%
155Medtronic PLC ShsMDT600$57,1440.01%
156Intel CorpINTC1,600$53,6800.01%
157Camden Property Trust133131102500$53,3900.01%
158American Tower Corp NE Com03027X100275$52,8880.01%
159Verizon CommunicationsVZ1,200$52,7400.01%
160TE Connectivity PLC Ord ShsTEL240$52,6870.01%
161Ford Mtr 6.20 Pfd Due 06/01/203453708452,300$52,1180.01%
162Microsoft CorpMSFT100$51,7950.01%
163Rithm Capital CorpRITM-PF4,500$51,2550.01%
164Sibanye-Stillwater LTD Spons ASBYSF4,547$51,1080.01%
165NextEra Energy IncNEE-PW660$49,8230.01%
166Capital One Finl Corp DP Shs P14040H8242,400$48,3360.01%
167ReInsurance Group Amer759351604250$48,0320.01%
168California Wtr Svc Group1307881021,000$45,8900.01%
169Annaly Capital Mgmt 6.95 Pfd S0357108701,800$45,5580.01%
170Repligen CorpRGEN340$45,4480.01%
171Warner Bros Discovery Com SerWBD2,322$45,3490.01%
172Automatic Data Processing IncADP153$44,9050.01%
173AFLAC Inc.AFL400$44,6800.01%
174Bank of New York Mellon064058100400$43,5840.01%
175AGNC Invt Corp 7 Pfd Ser C00123Q5001,500$39,0450.01%
176Annaly Capital Mgmt 6.95 Pfd S0357108701,500$37,9650.01%
177AG Mortgage Inv Tr 8.25 Pfd Se0012282041,700$37,6550.01%
178Crown Castle Intl CorpCCI380$36,6660.01%
179Disney Walt Co Del254687106300$34,3500.01%
180Starbucks CorpSBUX400$33,8400.01%
181Philip Morris Intl Inc Com718172109190$30,8180.01%
182Union Pac CorpUNP124$29,3100.01%
183Air Prod & ChemicalsAIIR100$27,2720.01%
184Halliburton CoHAL1,080$26,5680.01%
185Becton Dickinson & CoBDX135$25,2680.01%
186Novo-Nordisk A/S ADRNONOF450$24,9700.01%
187Accenture PLC Ireland Cl A ShsACN100$24,6600.01%
188GE HealthCare TechGEHC316$23,7320.01%
189Etsy Inc ComETSY350$23,2360.01%
190Kraft Heinz Co CommKHC850$22,1340.01%
191Electronic Arts IncEA106$21,3800.01%
192V F CorpVFC1,475$21,2840.01%
193Solventum CorpSOLV274$20,0020.00%
194Whirlpool CorpWHR-PA250$19,6500.00%
195Digital Rlty Tr Inc Com253868103100$17,2880.00%
196Mattel Inc ComMAT1,000$16,8300.00%
197Viatris IncVTRS1,567$15,5130.00%
198Kontoor Brands IncKTB189$15,0770.00%
199Hewlett Packard Enterp ComHPE-PC600$14,7360.00%
200Pinterest Inc Cl APINS400$12,8680.00%
201Anheuser Busch Inbev S SponsorBUDFF200$11,9220.00%
202Tredegar Corp.TG1,455$11,6840.00%
203Exact Sciences Corp.30063P105200$10,9420.00%
204Nike, Inc. Cl BNKE125$8,7160.00%
205Littelfuse IncLFUS30$7,7700.00%
206Zoetis Inc Cl AZTS47$6,8770.00%
207GE HealthCare TechGEHC91$6,8340.00%
208Viatris IncVTRS677$6,7020.00%
209Fiverr Intl LTDM4R82T106250$6,1020.00%
210TC Energy Corp. ComTRPRF100$5,4410.00%
211Atlanticus Holdings Co Pfd NTATLCZ200$5,1400.00%
212Panasonic Hldgs Corp Unspons A69832A304465$5,0690.00%
213Teledyne TechnologiesTDY8$4,6880.00%
214QUALCOMM IncQCOM25$4,1590.00%
215Atkore Inc.ATKR60$3,7640.00%
216Resideo Technologies IncREZI66$2,8500.00%
217Taiwan Semiconductor ADR87403910010$2,7930.00%
218Apache CorpAPA60$1,4570.00%
219DXC Technology CoDXC51$6950.00%
220South Bow CorpSOBO20$5660.00%
221Garrett Motion IncGTX40$5450.00%