Hayek Kallen Investment Management

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 15, 2024), Hayek Kallen Investment Management reported 94 stock positions worth $282.2 million. Its top holding was Apple (AAPL) at 11.6% of the portfolio, followed by Microsoft (MSFT, 9.4%) and Berkshire Hathaway Class B (BRK.B, 6.0%). Compared with Q2 2024, it opened 3 new positions, sold out of 1, added to 26 and reduced 38. The biggest buy was iShares 0-3 Month Treasury B (SGOV, shares +196%) and the biggest sale Microsoft (MSFT, shares −2%).

Most Recent 13F
Q2 2026
Location
FAIRHOPE, AL
CIK
0001430681
Portfolio Value
$282.2M (Q3 2024)
SEC Filing
0001430681-24-000005 ↗ filed Oct 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $260.9M Q1 2024 Q2 2024: $268.2M Q2 2024 Q3 2024: $282.2M $282.2M Q3 2024 Q4 2024: $275.1M Q4 2024 Q1 2025: $271.5M Q1 2025 Q2 2025: $294.0M Q2 2025 Q3 2025: $316.8M Q3 2025 Q4 2025: $316.8M Q4 2025 Q1 2026: $307.0M Q1 2026 Q2 2026: $329.7M Q2 2026

Holdings 94 stocks · $282.2M
AAPL Apple Inc. 11.63% 140,878 $32.8M Reduce -1.1%
MSFT Microsoft Corp. 9.39% 61,568 $26.5M Reduce -1.9%
BRK.B Berkshire Hathaway Inc. Class B 6.03% 36,992 $17.0M Reduce -0.8%
WMT Walmart Inc. 3.65% 127,392 $10.3M Reduce -1.2%
WM Waste Management Inc. 3.42% 46,542 $9.7M Reduce -1.0%
NVDA Nvidia Corp. 3.35% 77,894 $9.5M Reduce -0.2%
GOOGL Alphabet Inc. Class A 3.19% 54,250 $9.0M Reduce -2.1%
ORCL Oracle Corp. 2.76% 45,629 $7.8M Reduce -1.2%
NVO Novo-Nordisk A/S-Spons ADR 2.39% 56,560 $6.7M Reduce -2.3%
TMO Thermo Fisher Scientific Inc. 2.36% 10,775 $6.7M Reduce -1.8%
ABBV Abbvie Inc. 2.32% 33,088 $6.5M Reduce -0.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.16% 27,585 $6.1M Reduce -0.8%
V Visa Inc. Class A 2.13% 21,883 $6.0M Add +0.6%
JNJ Johnson & Johnson 2.13% 37,090 $6.0M Reduce -0.9%
JPM JPMorgan Chase & Co. 2.06% 27,609 $5.8M Reduce -0.1%
KO The Coca-Cola Co. 1.94% 76,271 $5.5M Reduce -0.7%
UNP Union Pacific Corp. 1.83% 20,944 $5.2M Reduce -0.8%
CAT Caterpillar Inc. 1.75% 12,619 $4.9M Reduce -0.6%
NVS Novartis AG-Sponsored ADR 1.64% 40,320 $4.6M Reduce -0.9%
VZ Verizon Communications Inc. 1.63% 102,516 $4.6M Reduce -0.4%
PEP Pepsico Inc. 1.56% 25,847 $4.4M Reduce -0.4%
AMZN Amazon.com Inc. 1.43% 21,647 $4.0M Add +4.1%
JPST JPMorgan Ultra-Short Income 1.38% 76,493 $3.9M Add +0.3%
MCD McDonald's Corp. 1.36% 12,560 $3.8M Add +0.8%
VYM Vanguard High DVD Yield ETF 1.26% 60,362 $3.6M Add +218.6%
PM Philip Morris International 1.23% 28,690 $3.5M Reduce -0.9%
ACN Accenture PLC Class A 1.23% 9,835 $3.5M Reduce -4.5%
PFE Pfizer Inc. 1.09% 106,580 $3.1M Reduce -0.3%
MRK Merck & Co. Inc. 1.04% 25,747 $2.9M Reduce -0.2%
SO The Southern Co. 1.00% 31,323 $2.8M Reduce -1.4%
BP BP PLC-Spons ADR 0.98% 88,125 $2.8M Add +23.7%
SGOV iShares 0-3 Month Treasury B 0.92% 25,890 $2.6M Add +195.6%
VGSH Vanguard Short-Term Treasury 0.86% 18,834 $2.4M Reduce -69.8%
QQQ Invesco QQQ Trust Series 1 0.83% 4,804 $2.3M Add +0.0%
LOW Lowe's Cos Inc. 0.82% 8,591 $2.3M Add +0.0%
XOM Exxon Mobil Corp. 0.78% 18,716 $2.2M Reduce -0.6%
MO Altria Group Inc. 0.76% 42,133 $2.1M Reduce -1.0%
TGT Target Corp. 0.73% 13,180 $2.1M Reduce -0.9%
AGG iShares Core U.S. Aggregate 0.71% 19,756 $2.0M Reduce -1.1%
CVX Chevron Corp. 0.65% 12,505 $1.8M Add +0.5%
HD Home Depot Inc. 0.63% 4,416 $1.8M Add +0.5%
ZTS Zoetis Inc. 0.58% 8,391 $1.6M Reduce -2.5%
CSCO Cisco Systems Inc. 0.58% 30,656 $1.6M Add +0.6%
SCHP Schwab U.S. Tips ETF 0.49% 25,846 $1.4M Reduce -10.0%
T AT&T Inc. 0.47% 60,271 $1.3M Add +0.8%
SBUX Starbucks Corp. 0.45% 13,001 $1.3M Add +3.5%
USB US Bancorp 0.44% 26,977 $1.2M Reduce -6.1%
CVS CVS Health Corp. 0.43% 19,306 $1.2M Reduce -0.6%
DUK Duke Energy Corp. 0.40% 9,745 $1.1M Add +0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.37% 10,814 $1.0M Add +0.1%
SCHD Schwab US DVD Equity ETF 0.33% 11,032 $933K Reduce -0.2%
SHEL Shell PLC-ADR 0.32% 13,634 $899K Add +0.1%
NSC Norfolk Southern Corp. 0.28% 3,220 $800K No change
KVUE Kenvue Inc. 0.27% 33,250 $769K Reduce -2.8%
ABT Abbott Laboratories 0.26% 6,430 $733K No change
ICLR Icon PLC 0.26% 2,505 $720K Reduce -7.4%
ADP Automatic Data Processing 0.25% 2,550 $706K No change
D Dominion Energy Inc. 0.25% 11,994 $693K Add +0.8%
PG The Procter & Gamble Co. 0.24% 3,905 $676K No change
MA Mastercard Inc. Class A 0.23% 1,338 $661K No change
AMARIN CORP PLC 0.23% 1,024,315 $642K No change
RTX CORPORATION 0.22% 5,054 $612K Add +0.2%
PH Parker Hannifin Corp. 0.21% 925 $584K No change
DE Deere & Co. 0.19% 1,277 $533K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.17% 11,789 $468K Add +6.0%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.16% 6,429 $462K No change
HON Honeywell International Inc. 0.16% 2,181 $451K No change
C Citigroup Inc. 0.16% 7,094 $444K Add +3.1%
TSLA Tesla Inc. 0.15% 1,653 $432K New
BA The Boeing Co. 0.15% 2,750 $418K No change
TFC Truist Financial Corp. 0.14% 9,047 $387K No change
NEE Nextera Energy Inc. 0.14% 4,535 $383K No change
GL Globe Life Inc. 0.13% 3,438 $364K No change
SUB iShares Short-Term National 0.13% 3,425 $364K No change
ETN Eaton Corp. PLC 0.13% 1,096 $363K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.13% 626 $359K Add +0.3%
SCHQ Schwab Long-Term US Treasury 0.13% 10,250 $359K No change
INTC Intel Corp. 0.12% 14,804 $347K Reduce -84.9%
GOOG Alphabet Inc. Class C 0.12% 1,990 $333K Add +5.3%
META Meta Platforms Inc. Class A 0.12% 575 $329K Add +4.4%
MDLZ Mondelez International Inc. Class A 0.12% 4,472 $329K No change
IWM iShares Russell 2000 ETF 0.10% 1,305 $288K No change
AYI Acuity Inc. 0.10% 1,043 $287K No change
WFC Wells Fargo & Co. 0.10% 4,760 $269K No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.08% 561 $237K Add +2.2%
NZF Nuveen Municipal Credit Inc. 0.08% 17,576 $230K Add +0.4%
MCK McKesson Corp. 0.08% 455 $225K No change
KMB Kimberly-Clark Corp. 0.08% 1,574 $224K No change
RSP Invesco S&P 500 Equal Weight 0.08% 1,200 $215K New
CTVA Corteva Inc. 0.07% 3,419 $201K New
RFMZ Rivernorth Flex Muni II 0.06% 11,250 $163K No change
BBVA Banco Bilbao Vizcaya-SP ADR 0.04% 11,147 $121K No change
AVXL Anavex Life Sciences Corp. 0.02% 11,863 $67K No change
BRBS Blue Ridge Bankshares Inc. 0.01% 13,234 $37K No change

Portfolio Sells Q2 2024 → Q3 2024
MSFT Microsoft Corp. Reduce -1.9% 9.39% −1.07
INTC Intel Corp. Reduce -84.9% 0.12% −1.01
NVO Novo-Nordisk A/S-Spons ADR Reduce -2.3% 2.39% −0.70
GOOGL Alphabet Inc. Class A Reduce -2.1% 3.19% −0.57
VGSH Vanguard Short-Term Treasury Reduce -69.8% 0.86% −0.49
WM Waste Management Inc. Reduce -1.0% 3.42% −0.32
NVDA Nvidia Corp. Reduce -0.2% 3.35% −0.24
MRK Merck & Co. Inc. Reduce -0.2% 1.04% −0.15
SCHP Schwab U.S. Tips ETF Reduce -10.0% 0.49% −0.07
ICLR Icon PLC Reduce -7.4% 0.26% −0.06
PRA Proassurance Corp. Sold out 0.00% −0.05
PEP Pepsico Inc. Reduce -0.4% 1.56% −0.04
XOM Exxon Mobil Corp. Reduce -0.6% 0.78% −0.03
PFE Pfizer Inc. Reduce -0.3% 1.09% −0.02
JPM JPMorgan Chase & Co. Reduce -0.1% 2.06% −0.02
AGG iShares Core U.S. Aggregate Reduce -1.1% 0.71% −0.01
TGT Target Corp. Reduce -0.9% 0.73% −0.01
CVS CVS Health Corp. Reduce -0.6% 0.43% +0.00
SCHD Schwab US DVD Equity ETF Reduce -0.2% 0.33% +0.01
USB US Bancorp Reduce -6.1% 0.44% +0.01
ZTS Zoetis Inc. Reduce -2.5% 0.58% +0.02
NVS Novartis AG-Sponsored ADR Reduce -0.9% 1.64% +0.03
MO Altria Group Inc. Reduce -1.0% 0.76% +0.04
KVUE Kenvue Inc. Reduce -2.8% 0.27% +0.04
UNP Union Pacific Corp. Reduce -0.8% 1.83% +0.05
VZ Verizon Communications Inc. Reduce -0.4% 1.63% +0.05
ACN Accenture PLC Class A Reduce -4.5% 1.23% +0.07
SO The Southern Co. Reduce -1.4% 1.00% +0.08
JNJ Johnson & Johnson Reduce -0.9% 2.13% +0.09
TMO Thermo Fisher Scientific Inc. Reduce -1.8% 2.36% +0.10
KO The Coca-Cola Co. Reduce -0.7% 1.94% +0.12
PM Philip Morris International Reduce -0.9% 1.23% +0.14
CAT Caterpillar Inc. Reduce -0.6% 1.75% +0.17
ABBV Abbvie Inc. Reduce -0.1% 2.32% +0.20
ORCL Oracle Corp. Reduce -1.2% 2.76% +0.32
IBM Intl Business Machines Corp. Reduce -0.8% 2.16% +0.37
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 6.03% +0.38
WMT Walmart Inc. Reduce -1.2% 3.65% +0.39
AAPL Apple Inc. Reduce -1.1% 11.63% +0.44

Portfolio Buys Q2 2024 → Q3 2024
SGOV iShares 0-3 Month Treasury B Add +195.6% 0.92% +0.60
VYM Vanguard High DVD Yield ETF Add +218.6% 1.26% +0.42
MCD McDonald's Corp. Add +0.8% 1.36% +0.17
TSLA Tesla Inc. New 0.15% +0.15
LOW Lowe's Cos Inc. Add +0.0% 0.82% +0.12
SBUX Starbucks Corp. Add +3.5% 0.45% +0.08
RSP Invesco S&P 500 Equal Weight New 0.08% +0.08
CTVA Corteva Inc. New 0.07% +0.07
HD Home Depot Inc. Add +0.5% 0.63% +0.07
T AT&T Inc. Add +0.8% 0.47% +0.04
CSCO Cisco Systems Inc. Add +0.6% 0.58% +0.04
DUK Duke Energy Corp. Add +0.6% 0.40% +0.04
D Dominion Energy Inc. Add +0.8% 0.25% +0.03
RTX CORPORATION Add +0.2% 0.22% +0.03
BP BP PLC-Spons ADR Add +23.7% 0.98% +0.02
META Meta Platforms Inc. Class A Add +4.4% 0.12% +0.01
DIA SS SPDR Dow Jones Indus Avg Add +2.2% 0.08% +0.00
V Visa Inc. Class A Add +0.6% 2.13% +0.00
BAC Bank of America Corp. Add +6.0% 0.17% +0.00
NZF Nuveen Municipal Credit Inc. Add +0.4% 0.08% +0.00
SPY SS SPDR S&P 500 ETF Trust-US Add +0.3% 0.13% +0.00
C Citigroup Inc. Add +3.1% 0.16% −0.01
GOOG Alphabet Inc. Class C Add +5.3% 0.12% −0.01
QQQ Invesco QQQ Trust Series 1 Add +0.0% 0.83% −0.03
DIS The Walt Disney Co. Add +0.1% 0.37% −0.03
SHEL Shell PLC-ADR Add +0.1% 0.32% −0.05
JPST JPMorgan Ultra-Short Income Add +0.3% 1.38% −0.06
AMZN Amazon.com Inc. Add +4.1% 1.43% −0.07
CVX Chevron Corp. Add +0.5% 0.65% −0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 97$329.7MAAPL, MSFT, GOOGL, BRK.B, WMT
Q1 2026 92$307.0MAAPL, MSFT, BRK.B, GOOGL, WMT
Q4 2025 93$316.8MAAPL, MICROSOFT CORP, BERKSHIRE HATHAWAY INC DEL, ALPHABET INC, WALMART INC
Q3 2025 94$316.8MAAPL, MSFT, BRK.B, GOOGL, NVDA
Q2 2025 94$294.0MMSFT, AAPL, BRK.B, WMT, NVDA
Q1 2025 92$271.5MAAPL, MSFT, BRK.B, WMT, WM
Q4 2024 91$275.1MAAPL, MSFT, BRK.B, WMT, GOOGL
Q3 2024 94$282.2MAAPL, MSFT, BRK.B, WMT, WM
Q2 2024 92$268.2MAAPL, MSFT, BRK.B, GOOGL, WM
Q1 2024 93$260.9MMSFT, AAPL, BRK.B, WM, GOOGL