Hayek Kallen Investment Management

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Hayek Kallen Investment Management reported 92 stock positions worth $271.5 million. Its top holding was Apple (AAPL) at 11.0% of the portfolio, followed by Microsoft (MSFT, 8.3%) and Berkshire Hathaway Class B (BRK.B, 7.1%). Compared with Q4 2024, it opened 2 new positions, sold out of 1, added to 22 and reduced 44. The biggest buy was Philip Morris International (PM, shares +3%) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
FAIRHOPE, AL
CIK
0001430681
Portfolio Value
$271.5M (Q1 2025)
SEC Filing
0001430681-25-000002 ↗ filed May 15, 2025

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 Q3 2024 Q4 2024: $275.1M Q4 2024 Q1 2025: $271.5M $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 92 stocks · $271.5M
AAPL Apple Inc. 11.01% 134,605 $29.9M Reduce -2.0%
MSFT Microsoft Corp. 8.26% 59,771 $22.4M Reduce -0.6%
BRK.B Berkshire Hathaway Inc. Class B 7.12% 36,279 $19.3M Reduce -0.7%
WMT Walmart Inc. 4.04% 124,974 $11.0M Reduce -0.3%
WM Waste Management Inc. 3.92% 45,968 $10.6M Reduce -0.2%
GOOGL Alphabet Inc. Class A 3.07% 53,908 $8.3M Reduce -0.2%
NVDA Nvidia Corp. 2.88% 72,032 $7.8M Reduce -2.5%
V Visa Inc. Class A 2.75% 21,341 $7.5M Reduce -0.4%
ABBV Abbvie Inc. 2.54% 32,913 $6.9M Reduce -1.6%
JPM JPMorgan Chase & Co. 2.50% 27,698 $6.8M Add +0.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 2.46% 26,817 $6.7M Reduce -1.6%
ORCL Oracle Corp. 2.25% 43,644 $6.1M Reduce -1.4%
JNJ Johnson & Johnson 2.24% 36,649 $6.1M Reduce -1.1%
KO The Coca-Cola Co. 2.01% 76,083 $5.4M Add +0.2%
TMO Thermo Fisher Scientific Inc. 1.88% 10,284 $5.1M Reduce -2.5%
VZ Verizon Communications Inc. 1.80% 107,811 $4.9M Add +4.3%
UNP Union Pacific Corp. 1.75% 20,140 $4.8M Reduce -0.3%
PM Philip Morris International 1.71% 29,313 $4.7M Add +3.1%
NVS Novartis AG-Sponsored ADR 1.62% 39,485 $4.4M Reduce -1.5%
SGOV iShares 0-3 Month Treasury B 1.58% 42,570 $4.3M Add +15.6%
CAT Caterpillar Inc. 1.53% 12,589 $4.2M Reduce -0.0%
AMZN Amazon.com Inc. 1.50% 21,387 $4.1M Add +0.6%
JPST JPMorgan Ultra-Short Income 1.44% 77,409 $3.9M Reduce -0.2%
PEP Pepsico Inc. 1.43% 25,959 $3.9M Add +0.3%
MCD McDonald's Corp. 1.40% 12,207 $3.8M Reduce -1.1%
BP BP PLC-Spons ADR 1.37% 109,825 $3.7M Add +6.1%
NVO Novo-Nordisk A/S-Spons ADR 1.30% 50,996 $3.5M Reduce -7.7%
VGSH Vanguard Short-Term Treasury 1.17% 54,166 $3.2M Reduce -3.2%
ACN Accenture PLC Class A 1.10% 9,613 $3.0M Reduce -0.9%
SO The Southern Co. 1.02% 30,163 $2.8M Reduce -1.6%
PFE Pfizer Inc. 0.99% 106,570 $2.7M Add +3.5%
MO Altria Group Inc. 0.93% 42,062 $2.5M Reduce -0.1%
VYM Vanguard High DVD Yield ETF 0.92% 19,279 $2.5M Add +1.6%
QQQ Invesco QQQ Trust Series 1 0.84% 4,839 $2.3M Add +0.7%
XOM Exxon Mobil Corp. 0.82% 18,644 $2.2M Reduce -0.5%
MRK Merck & Co. Inc. 0.79% 23,759 $2.1M Reduce -7.1%
CVX Chevron Corp. 0.77% 12,473 $2.1M Reduce -0.0%
LOW Lowe's Cos Inc. 0.71% 8,321 $1.9M Reduce -1.4%
CSCO Cisco Systems Inc. 0.70% 30,790 $1.9M Add +1.7%
AGG iShares Core U.S. Aggregate 0.65% 17,879 $1.8M Reduce -3.4%
HD Home Depot Inc. 0.64% 4,756 $1.7M Add +8.2%
T AT&T Inc. 0.63% 60,196 $1.7M Reduce -2.8%
TGT Target Corp. 0.49% 12,814 $1.3M Reduce -3.5%
SBUX Starbucks Corp. 0.49% 13,468 $1.3M Add +4.3%
DUK Duke Energy Corp. 0.45% 10,049 $1.2M Reduce -2.9%
USB US Bancorp 0.42% 26,707 $1.1M Add +0.1%
C Citigroup Inc. 0.41% 15,534 $1.1M Add +125.0%
SCHP Schwab U.S. Tips ETF 0.40% 40,550 $1.1M Reduce -6.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.37% 10,318 $1.0M Reduce -4.1%
SHEL Shell PLC-ADR 0.34% 12,412 $910K Reduce -0.3%
SCHD Schwab US DVD Equity ETF 0.32% 30,681 $858K Reduce -6.4%
ABT Abbott Laboratories 0.31% 6,280 $833K Reduce -2.3%
ADP Automatic Data Processing 0.29% 2,550 $779K No change
NSC Norfolk Southern Corp. 0.28% 3,220 $763K No change
KVUE Kenvue Inc. 0.27% 30,300 $727K Reduce -2.6%
MA Mastercard Inc. Class A 0.27% 1,313 $720K No change
PG The Procter & Gamble Co. 0.25% 3,951 $673K Add +1.1%
RTX CORPORATION 0.24% 4,909 $650K Reduce -4.3%
DE Deere & Co. 0.22% 1,299 $610K Add +1.7%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.20% 6,429 $539K No change
ZTS Zoetis Inc. 0.20% 3,263 $537K Reduce -57.9%
PH Parker Hannifin Corp. 0.20% 875 $532K No change
D Dominion Energy Inc. 0.19% 9,329 $523K Reduce -18.9%
BA The Boeing Co. 0.17% 2,750 $469K No change
HON Honeywell International Inc. 0.17% 2,181 $462K No change
AMARIN CORP PLC 0.17% 1,024,315 $459K No change
GL Globe Life Inc. 0.17% 3,425 $451K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 10,626 $443K Reduce -11.6%
TSLA Tesla Inc. 0.16% 1,653 $428K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.14% 695 $389K Add +7.6%
TFC Truist Financial Corp. 0.14% 9,047 $372K No change
META Meta Platforms Inc. Class A 0.13% 629 $362K Add +9.4%
SUB iShares Short-Term National 0.13% 3,425 $362K No change
VCIT Vanguard Int-Term Corporate 0.13% 4,273 $349K New
CVS CVS Health Corp. 0.13% 5,056 $343K Reduce -25.9%
WFC Wells Fargo & Co. 0.13% 4,760 $342K No change
SCHQ Schwab Long-Term US Treasury 0.12% 10,250 $336K No change
GOOG Alphabet Inc. Class C 0.11% 1,990 $311K No change
MCK McKesson Corp. 0.11% 455 $306K No change
MDLZ Mondelez International Inc. Class A 0.11% 4,472 $303K No change
ETN Eaton Corp. PLC 0.11% 1,096 $298K No change
ICLR Icon PLC 0.11% 1,680 $294K Reduce -29.4%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.10% 664 $279K Add +14.3%
NEE Nextera Energy Inc. 0.10% 3,771 $267K No change
IWM iShares Russell 2000 ETF 0.10% 1,305 $260K No change
AYI Acuity Inc. 0.09% 972 $256K No change
KMB Kimberly-Clark Corp. 0.09% 1,674 $238K Reduce -13.4%
NZF Nuveen Municipal Credit Inc. 0.08% 17,712 $217K Add +0.3%
CTVA Corteva Inc. 0.08% 3,419 $215K New
RSP Invesco S&P 500 Equal Weight 0.08% 1,200 $208K No change
AVXL Anavex Life Sciences Corp. 0.04% 11,902 $102K No change
BRBS Blue Ridge Bankshares Inc. 0.02% 13,234 $43K No change

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -2.0% 11.01% −1.49
MSFT Microsoft Corp. Reduce -0.6% 8.26% −0.95
NVDA Nvidia Corp. Reduce -2.5% 2.88% −0.73
GOOGL Alphabet Inc. Class A Reduce -0.2% 3.07% −0.65
ORCL Oracle Corp. Reduce -1.4% 2.25% −0.43
NVO Novo-Nordisk A/S-Spons ADR Reduce -7.7% 1.30% −0.42
ZTS Zoetis Inc. Reduce -57.9% 0.20% −0.26
TGT Target Corp. Reduce -3.5% 0.49% −0.16
MRK Merck & Co. Inc. Reduce -7.1% 0.79% −0.14
ACN Accenture PLC Class A Reduce -0.9% 1.10% −0.14
CAT Caterpillar Inc. Reduce -0.0% 1.53% −0.13
TMO Thermo Fisher Scientific Inc. Reduce -2.5% 1.88% −0.11
WMT Walmart Inc. Reduce -0.3% 4.04% −0.08
ICLR Icon PLC Reduce -29.4% 0.11% −0.07
DIS The Walt Disney Co. Reduce -4.1% 0.37% −0.06
LOW Lowe's Cos Inc. Reduce -1.4% 0.71% −0.04
BBVA Banco Bilbao Vizcaya-SP ADR Sold out 0.00% −0.04
D Dominion Energy Inc. Reduce -18.9% 0.19% −0.03
BAC Bank of America Corp. Reduce -11.6% 0.16% −0.03
VGSH Vanguard Short-Term Treasury Reduce -3.2% 1.17% −0.01
SCHD Schwab US DVD Equity ETF Reduce -6.4% 0.32% −0.01
SCHP Schwab U.S. Tips ETF Reduce -6.2% 0.40% −0.00
KMB Kimberly-Clark Corp. Reduce -13.4% 0.09% −0.00
AGG iShares Core U.S. Aggregate Reduce -3.4% 0.65% −0.00
CVS CVS Health Corp. Reduce -25.9% 0.13% +0.02
JPST JPMorgan Ultra-Short Income Reduce -0.2% 1.44% +0.02
RTX CORPORATION Reduce -4.3% 0.24% +0.02
KVUE Kenvue Inc. Reduce -2.6% 0.27% +0.03
ABT Abbott Laboratories Reduce -2.3% 0.31% +0.04
DUK Duke Energy Corp. Reduce -2.9% 0.45% +0.05
SHEL Shell PLC-ADR Reduce -0.3% 0.34% +0.05
UNP Union Pacific Corp. Reduce -0.3% 1.75% +0.08
XOM Exxon Mobil Corp. Reduce -0.5% 0.82% +0.08
MCD McDonald's Corp. Reduce -1.1% 1.40% +0.10
SO The Southern Co. Reduce -1.6% 1.02% +0.10
CVX Chevron Corp. Reduce -0.0% 0.77% +0.11
T AT&T Inc. Reduce -2.8% 0.63% +0.11
MO Altria Group Inc. Reduce -0.1% 0.93% +0.13
NVS Novartis AG-Sponsored ADR Reduce -1.5% 1.62% +0.20
IBM Intl Business Machines Corp. Reduce -1.6% 2.46% +0.28
JNJ Johnson & Johnson Reduce -1.1% 2.24% +0.29
V Visa Inc. Class A Reduce -0.4% 2.75% +0.29
ABBV Abbvie Inc. Reduce -1.6% 2.54% +0.38
WM Waste Management Inc. Reduce -0.2% 3.92% +0.54
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.7% 7.12% +1.10

Portfolio Buys Q4 2024 → Q1 2025
PM Philip Morris International Add +3.1% 1.71% +0.47
VZ Verizon Communications Inc. Add +4.3% 1.80% +0.30
KO The Coca-Cola Co. Add +0.2% 2.01% +0.29
BP BP PLC-Spons ADR Add +6.1% 1.37% +0.25
SGOV iShares 0-3 Month Treasury B Add +15.6% 1.58% +0.24
C Citigroup Inc. Add +125.0% 0.41% +0.23
VCIT Vanguard Int-Term Corporate New 0.13% +0.13
JPM JPMorgan Chase & Co. Add +0.9% 2.50% +0.11
CTVA Corteva Inc. New 0.08% +0.08
SBUX Starbucks Corp. Add +4.3% 0.49% +0.06
CSCO Cisco Systems Inc. Add +1.7% 0.70% +0.05
VYM Vanguard High DVD Yield ETF Add +1.6% 0.92% +0.04
DE Deere & Co. Add +1.7% 0.22% +0.03
HD Home Depot Inc. Add +8.2% 0.64% +0.02
DIA SS SPDR Dow Jones Indus Avg Add +14.3% 0.10% +0.01
META Meta Platforms Inc. Class A Add +9.4% 0.13% +0.01
PG The Procter & Gamble Co. Add +1.1% 0.25% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Add +7.6% 0.14% +0.01
PEP Pepsico Inc. Add +0.3% 1.43% +0.00
NZF Nuveen Municipal Credit Inc. Add +0.3% 0.08% +0.00
PFE Pfizer Inc. Add +3.5% 0.99% +0.00
USB US Bancorp Add +0.1% 0.42% −0.05
QQQ Invesco QQQ Trust Series 1 Add +0.7% 0.84% −0.06
AMZN Amazon.com Inc. Add +0.6% 1.50% −0.20

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