Hamlin Capital Management

First Quarter 2026 Update

hamlin — Tue, 31 Mar 2026 18:40:20 +0000

Hamlin’s Equity Composite advanced 0.41% over the first three months of 2026, compared to a 4.33% decline for the S&P 500. Stock markets wobbled as AI-driven disruption headwinds, private credit concerns, and the war in Iran erased early-quarter optimism around post-tariff normalization and a potential interest rate easing cycle. The Hamlin Bond Composite increased 0.89% during the quarter, outperforming the Bloomberg High Yield Muni Index’s 0.71% gain.*

Hamlin equity performance reflects the performance of the Hamlin Equity Only Composite. Hamlin bond performance reflects the performance of the Hamlin Bond Only Composite. Individual accounts vary. Q1 2026 performance is a preliminary estimate as it has not yet been examined by ACA Performance* Services and may be subject to change.

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Fourth Quarter 2025 Update

hamlin — Wed, 31 Dec 2025 19:26:42 +0000

Hamlin’s equity composite advanced 0.52% over the last three months of 2025, compared to a 2.66% gain for the S&P 500. Market sentiment became increasingly constructive as the Federal Reserve’s easing cycle helped outweigh concerns surrounding the longest U.S. government shutdown on record and a brief bout of anxiety around a potential AI bubble, fostering a broader risk-on environment. The Hamlin bond composite increased 1.90% during the quarter, outperforming the Bloomberg High Yield Muni Index’s 1.15% gain.*

*Hamlin equity performance reflects the performance of the Hamlin Equity Only Composite. Hamlin bond performance reflects the performance of the Hamlin Bond Only Composite. Individual accounts vary. Q4 2025 performance is a preliminary estimate as it has not yet been examined by ACA Performance Services and may be subject to change.

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Third Quarter 2025 Update

hamlin — Tue, 30 Sep 2025 18:03:29 +0000

Hamlin equity accounts increased 3.74% during the third quarter while the S&P 500 Index gained 8.12%. Strong corporate earnings and a widely anticipated Federal Reserve interest rate cut trumped employment and equity valuation concerns. Hamlin bond accounts and the broader municipal bond market increased in value, anticipating the central bank’s September Federal Funds rate reduction.

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Second Quarter 2025 Update

hamlin — Mon, 30 Jun 2025 17:38:00 +0000

Hamlin equity accounts increased 2.91% during the second quarter, lagging the S&P 500 Index’s 10.94% gain. Stocks rebounded from the early April lows, driven by remarkably resilient first quarter earnings reports and a de-escalation of America’s trade war. Hamlin bond accounts returned -0.26% during the quarter. The Bloomberg-Barclays High Yield Municipal Bond Index returned -1.14%.

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Form ADV Part 2A

hamlin — Mon, 31 Mar 2025 17:40:00 +0000

The ADV Part 2A is the primary disclosure document that we provide to our clients.

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First Quarter 2025 Update

hamlin — Mon, 31 Mar 2025 17:21:46 +0000

Hamlin’s equity composite increased 0.61% over the first three months of 2025, outperforming the S&P 500 Index’s 4.27% decline. Tariff implementation, frenetic Federal job cut announcements, and weaker economic data rattled investor and executive confidence. Hamlin bond accounts increased 0.48% as Treasury yields declined, and the Bloomberg-Barclays High Yield Municipal Bond Index increased 0.82% over the quarter.

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Fourth Quarter 2024 Update

hamlin — Tue, 31 Dec 2024 17:40:47 +0000

Hamlin’s equity composite advanced 0.59% over the last three months of 2024, trailing the S&P 500 Index’s 2.41% gain. An uncontested and pro-business presidential election result eclipsed the Federal Reserve’s less accommodating mid-December interest rate outlook. The Hamlin bond composite decreased 0.20% during the quarter, outperforming the Bloomberg High Yield Muni Index’s 1.08% decline amid an increase in both Treasury and Municipal benchmark yields.

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Form ADV Part 2B

leibowitz — Thu, 31 Oct 2024 17:10:00 +0000

The ADV Part 2B brochure supplement provides information about Mark Stitzer, Joseph J. Bridy, Charles S. Garland III, Christopher M. D’Agnes, Parker B. Stitzer, Michael M. Tang, Nathaniel Fierstein, Parker E. Stitzer, Charlie Harkin, Brian Sergeant, and Peter Burke.

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Third Quarter 2024 Update

hamlin — Mon, 30 Sep 2024 15:42:00 +0000

The latest Federal Reserve tightening cycle that began in 2022 has officially ended with the first cut to the benchmark Federal Funds in September. While the 50 basis point magnitude (rather than the standard 25 bp) surprised some, the cut had long been anticipated and largely priced in by the market. This will likely be the first cut in a series of cuts – the pace and magnitude of which will likely be endlessly debated. Even as the Fed chose to lead with a 50 bp move down in rates (on account of perceived softening), economic indicators like job growth and unemployment continue to indicate strength in the U.S. economy and the prospect for the oft mentioned (and admired) but seldom seen “soft landing”. Inflation and inflation expectations have also continued to trend in the right direction.

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Second Quarter 2024 Update

hamlin — Sun, 30 Jun 2024 19:26:45 +0000

Hamlin equity accounts decreased 0.53% during the second quarter. The S&P 500 Index gained 4.28% driven by persistent hopes for a Federal Reserve interest rate cut, decent corporate earnings outlooks for the current quarter, and strong demand for large-capitalization Artificial Intelligence stocks. Hamlin bond accounts gained 1.86% during the quarter.

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