Founders Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 17, 2024), Founders Capital Management, LLC reported 74 stock positions worth $551.7 million. Its top holding was Alphabet Class C (GOOG) at 15.5% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.6%) and Microsoft (MSFT, 10.0%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 14 and reduced 33. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Hartford, CT
- CIK
- 0001585828
- Portfolio Value
- $551.7M (Q2 2024)
- SEC Filing
- 0001172661-24-002815 ↗ filed Jul 17, 2024
Holdings Value
Holdings 74 stocks · $551.7M
| GOOG Alphabet Inc. Class C | 15.49% | 466,049 | $85.5M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.58% | 143,455 | $58.4M | Reduce -0.0% |
| MSFT Microsoft Corp. | 10.02% | 123,702 | $55.3M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 9.05% | 99,070 | $50.0M | Reduce -0.3% |
| FDX FedEx Corp. | 3.92% | 72,036 | $21.6M | Reduce -0.4% |
| AXP American Express Co. | 3.37% | 80,218 | $18.6M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 3.32% | 100,414 | $18.3M | Add +0.9% |
| AAPL Apple Inc. | 3.23% | 84,640 | $17.8M | Add +0.0% |
| WFC Wells Fargo & Co. | 3.22% | 299,484 | $17.8M | Reduce -0.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.61% | 26,483 | $14.4M | Add +3.3% |
| CSX CSX Corp. | 2.57% | 424,176 | $14.2M | Reduce -0.6% |
| HD Home Depot Inc. | 2.49% | 39,845 | $13.7M | Reduce -0.6% |
| PEP Pepsico Inc. | 2.33% | 77,832 | $12.8M | Reduce -0.3% |
| UNP Union Pacific Corp. | 2.00% | 48,819 | $11.0M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.60% | 88,640 | $8.8M | Reduce -3.3% |
| KO The Coca-Cola Co. | 1.58% | 137,109 | $8.7M | Reduce -1.3% |
| KMX Carmax Inc. | 1.56% | 117,086 | $8.6M | Reduce -5.7% |
| CMCSA Comcast Corp. Class A | 1.53% | 214,995 | $8.4M | Add +12.4% |
| REGN Regeneron Pharmaceuticals | 1.48% | 7,785 | $8.2M | Reduce -0.7% |
| GD General Dynamics Corp. | 1.40% | 26,701 | $7.7M | Reduce -0.3% |
| VONE Vanguard Russell 1000 | 1.35% | 30,204 | $7.4M | No change |
| LMT Lockheed Martin Corp. | 1.33% | 15,750 | $7.4M | Reduce -0.4% |
| QQQ Invesco QQQ Trust Series 1 | 1.17% | 13,514 | $6.5M | No change |
| AMGN Amgen Inc. | 1.14% | 20,125 | $6.3M | Reduce -1.1% |
| LOW Lowe's Cos Inc. | 0.98% | 24,623 | $5.4M | Reduce -0.5% |
| UPS United Parcel Service Class B | 0.81% | 32,573 | $4.5M | Add +1107.3% |
| ABBV Abbvie Inc. | 0.74% | 23,726 | $4.1M | No change |
| SWK Stanley Black & Decker Inc. | 0.73% | 50,400 | $4.0M | Reduce -5.1% |
| JNJ Johnson & Johnson | 0.64% | 24,047 | $3.5M | Reduce -0.6% |
| SYK Stryker Corp. | 0.61% | 9,959 | $3.4M | Reduce -0.1% |
| ABT Abbott Laboratories | 0.60% | 31,727 | $3.3M | Reduce -0.8% |
| QSR Restaurant Brands Intern | 0.55% | 42,738 | $3.0M | Reduce -0.6% |
| KHC The Kraft Heinz Co. | 0.49% | 83,635 | $2.7M | No change |
| IJR iShares Core S&P Small-Cap E | 0.46% | 23,842 | $2.5M | No change |
| CSCO Cisco Systems Inc. | 0.42% | 48,819 | $2.3M | Reduce -3.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.41% | 14,955 | $2.3M | No change |
| QRVO Qorvo Inc. | 0.33% | 15,835 | $1.8M | No change |
| MHK Mohawk Industries Inc. | 0.30% | 14,413 | $1.6M | No change |
| ORCL Oracle Corp. | 0.24% | 9,322 | $1.3M | No change |
| INTC Intel Corp. | 0.22% | 38,800 | $1.2M | Reduce -27.5% |
| PG The Procter & Gamble Co. | 0.21% | 6,889 | $1.1M | Add +4.5% |
| UNH Unitedhealth Group Inc. | 0.18% | 1,939 | $988K | No change |
| SAM Boston Beer Company Inc. Class A | 0.17% | 2,995 | $914K | No change |
| MKL Markel Group Inc. | 0.16% | 568 | $895K | Reduce -12.1% |
| RTX RTX Corp. | 0.15% | 8,369 | $840K | Add +1.2% |
| CI The Cigna Group | 0.14% | 2,326 | $769K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 18,471 | $735K | Reduce -1.7% |
| MCK McKesson Corp. | 0.12% | 1,137 | $664K | Add +11.8% |
| AMZN Amazon.com Inc. | 0.12% | 3,282 | $634K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.11% | 1 | $612K | No change |
| MDT Medtronic PLC | 0.10% | 7,316 | $576K | Reduce -1.6% |
| WBD Warner Bros Discovery Inc. | 0.10% | 75,486 | $562K | Add +0.7% |
| WMT Walmart Inc. | 0.09% | 7,500 | $508K | No change |
| PNC PNC Financial Services Group | 0.09% | 3,190 | $496K | No change |
| WBS Webster Financial Corp. | 0.09% | 11,079 | $483K | Reduce -3.6% |
| FBP First Bancorp Puerto Rico | 0.09% | 26,000 | $476K | No change |
| MA Mastercard Inc. Class A | 0.08% | 1,022 | $451K | No change |
| AMP Ameriprise Financial Inc. | 0.08% | 1,019 | $435K | No change |
| GIS General Mills Inc. | 0.08% | 6,664 | $422K | Reduce -16.7% |
| NSC Norfolk Southern Corp. | 0.07% | 1,928 | $414K | No change |
| NYT New York Times Co. Class A | 0.07% | 8,000 | $410K | No change |
| OFG Ofg Bancorp | 0.07% | 10,000 | $375K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.07% | 2,103 | $366K | Add +5.2% |
| MRNA Moderna Inc. | 0.06% | 3,000 | $356K | Reduce -0.7% |
| V Visa Inc. Class A | 0.06% | 1,324 | $348K | No change |
| CARR Carrier Global Corp. | 0.06% | 5,250 | $331K | Add +3.5% |
| FAST Fastenal Co. | 0.06% | 5,100 | $320K | No change |
| SHEL Shell PLC-ADR | 0.06% | 4,262 | $308K | Reduce -12.3% |
| CAC Camden National Corp. | 0.06% | 9,300 | $307K | No change |
| CVX Chevron Corp. | 0.05% | 1,680 | $263K | Reduce -1.9% |
| OTIS Otis Worldwide Corp. | 0.05% | 2,612 | $251K | Add +3.5% |
| DRI Darden Restaurants Inc. | 0.04% | 1,500 | $227K | No change |
| ADX Adams Diversified Equity | 0.04% | 10,448 | $225K | New |
| KEY Keycorp | 0.04% | 15,440 | $219K | Reduce -8.1% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $5.1M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BANK OF AMERICA CORP (BAC 7.25 PERP L) | 7.25%CNV PFD L | 2,437 | $2.9M | No change |
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | 1,011 | $1.2M | Reduce -6.0% |
| FLAGSTAR BANK NA (FLG 6 11/01/51) | UNIT 05/07/2051 | 31,960 | $1.0M | No change |
Total filed on the 13F, all lines: $556.8M.
Portfolio Sells Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 10.58% | −0.69 |
| DIS The Walt Disney Co. | Reduce -3.3% | 1.60% | −0.50 |
| KMX Carmax Inc. | Reduce -5.7% | 1.56% | −0.46 |
| HD Home Depot Inc. | Reduce -0.6% | 2.49% | −0.39 |
| CSX CSX Corp. | Reduce -0.6% | 2.57% | −0.38 |
| SWK Stanley Black & Decker Inc. | Reduce -5.1% | 0.73% | −0.24 |
| PEP Pepsico Inc. | Reduce -0.3% | 2.33% | −0.23 |
| INTC Intel Corp. | Reduce -27.5% | 0.22% | −0.22 |
| LOW Lowe's Cos Inc. | Reduce -0.5% | 0.98% | −0.19 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.16 |
| BOC Boston Omaha Corp. Class A | Sold out | 0.00% | −0.10 |
| QSR Restaurant Brands Intern | Reduce -0.6% | 0.55% | −0.09 |
| ABT Abbott Laboratories | Reduce -0.8% | 0.60% | −0.08 |
| JNJ Johnson & Johnson | Reduce -0.6% | 0.64% | −0.08 |
| AXP American Express Co. | Reduce -0.3% | 3.37% | −0.06 |
| SYK Stryker Corp. | Reduce -0.1% | 0.61% | −0.05 |
| CSCO Cisco Systems Inc. | Reduce -3.3% | 0.42% | −0.05 |
| WFC Wells Fargo & Co. | Reduce -0.8% | 3.22% | −0.04 |
| GIS General Mills Inc. | Reduce -16.7% | 0.08% | −0.03 |
| WBS Webster Financial Corp. | Reduce -3.6% | 0.09% | −0.02 |
| MKL Markel Group Inc. | Reduce -12.1% | 0.16% | −0.02 |
| MDT Medtronic PLC | Reduce -1.6% | 0.10% | −0.02 |
| KEY Keycorp | Reduce -8.1% | 0.04% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -0.4% | 1.33% | −0.01 |
| GD General Dynamics Corp. | Reduce -0.3% | 1.40% | −0.01 |
| KO The Coca-Cola Co. | Reduce -1.3% | 1.58% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -12.3% | 0.06% | −0.01 |
| CVX Chevron Corp. | Reduce -1.9% | 0.05% | −0.00 |
| BAC Bank of America Corp. | Reduce -1.7% | 0.13% | +0.00 |
| FDX FedEx Corp. | Reduce -0.4% | 3.92% | +0.00 |
| MRNA Moderna Inc. | Reduce -0.7% | 0.06% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 9.05% | +0.04 |
| AMGN Amgen Inc. | Reduce -1.1% | 1.14% | +0.06 |
| REGN Regeneron Pharmaceuticals | Reduce -0.7% | 1.48% | +0.07 |
| MSFT Microsoft Corp. | Reduce -0.1% | 10.02% | +0.29 |
Portfolio Buys Q1 2024 → Q2 2024
| GOOG Alphabet Inc. Class C | Add +0.1% | 15.49% | +2.26 |
| UPS United Parcel Service Class B | Add +1107.3% | 0.81% | +0.73 |
| AAPL Apple Inc. | Add +0.0% | 3.23% | +0.52 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 3.32% | +0.51 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.3% | 2.61% | +0.11 |
| ADX Adams Diversified Equity | New | 0.04% | +0.04 |
| MCK McKesson Corp. | Add +11.8% | 0.12% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +5.2% | 0.07% | +0.02 |
| PG The Procter & Gamble Co. | Add +4.5% | 0.21% | +0.01 |
| CARR Carrier Global Corp. | Add +3.5% | 0.06% | +0.00 |
| RTX RTX Corp. | Add +1.2% | 0.15% | +0.00 |
| OTIS Otis Worldwide Corp. | Add +3.5% | 0.05% | −0.00 |
| WBD Warner Bros Discovery Inc. | Add +0.7% | 0.10% | −0.02 |
| CMCSA Comcast Corp. Class A | Add +12.4% | 1.53% | −0.02 |
| UNP Union Pacific Corp. | Add +0.0% | 2.00% | −0.24 |
Notes & Other Activity Q1 2024 → Q2 2024
| WELLS FARGO & COMPANY (WFC 7.5 PERP L) | PERP PFD CNV A | Reduce -6.0% | 1,011 | $1.2M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $666.4M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q1 2026 | 72 | $604.9M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q4 2025 | 77 | $669.6M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q3 2025 | 77 | $635.3M | GOOG, BRK.B, META, MSFT, GOOGL |
| Q2 2025 | 75 | $582.2M | GOOG, META, BRK.B, MSFT, AXP |
| Q1 2025 | 73 | $538.6M | BRK.B, GOOG, META, MSFT, WFC |
| Q4 2024 | 70 | $565.2M | GOOG, BRK.B, META, MSFT, AXP |
| Q3 2024 | 74 | $571.0M | GOOG, BRK.B, META, MSFT, AXP |
| Q2 2024 | 74 | $551.7M | GOOG, BRK.B, MSFT, META, FDX |
| Q1 2024 | 75 | $535.3M | GOOG, BRK.B, MSFT, META, FDX |