Hayek Kallen Investment Management

Name: Hayek Kallen Investment Management 13F holdings, Q2 2025
Creator: Hayek Kallen Investment Management
Published: 2025-08-15

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Hayek Kallen Investment Management reported 94 stock positions worth $294.0 million. Its top holding was Microsoft (MSFT) at 10.2% of the portfolio, followed by Apple (AAPL, 9.6%) and Berkshire Hathaway Class B (BRK.B, 6.0%). Compared with Q1 2025, it opened 6 new positions, sold out of 4, added to 51 and reduced 19. The biggest buy was Microsoft (MSFT, shares +1%) and the biggest sale Thermo Fisher Scientific (TMO, shares −3%).

Most Recent 13F: Q2 2026
Location: FAIRHOPE, AL
CIK: 0001430681
Portfolio Value: $294.0M (Q2 2025)
SEC Filing: 0001430681-25-000003 ↗ filed Aug 15, 2025

Holdings Value

Holdings 94 stocks · $294.0M


MSFT Microsoft Corp.	10.16%	60,075	$29.9M	Add +0.5%
AAPL Apple Inc.	9.59%	137,458	$28.2M	Add +2.1%
BRK.B Berkshire Hathaway Inc. Class B	6.02%	36,443	$17.7M	Add +0.5%
WMT Walmart Inc.	4.15%	124,655	$12.2M	Reduce -0.3%
NVDA Nvidia Corp.	4.00%	74,520	$11.8M	Add +3.5%
WM Waste Management Inc.	3.61%	46,333	$10.6M	Add +0.8%
GOOGL Alphabet Inc. Class A	3.30%	55,024	$9.7M	Add +2.1%
ORCL Oracle Corp.	3.24%	43,552	$9.5M	Reduce -0.2%
JPM JPMorgan Chase & Co.	2.87%	29,146	$8.4M	Add +5.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	2.77%	27,642	$8.1M	Add +3.1%
V Visa Inc. Class A	2.60%	21,561	$7.7M	Add +1.0%
ABBV Abbvie Inc.	2.12%	33,635	$6.2M	Add +2.2%
JNJ Johnson & Johnson	1.92%	36,968	$5.6M	Add +0.9%
PM Philip Morris International	1.86%	30,111	$5.5M	Add +2.7%
KO The Coca-Cola Co.	1.85%	77,033	$5.5M	Add +1.3%
AMZN Amazon.com Inc.	1.76%	23,547	$5.2M	Add +10.1%
CAT Caterpillar Inc.	1.71%	12,940	$5.0M	Add +2.8%
VZ Verizon Communications Inc.	1.71%	115,985	$5.0M	Add +7.6%
NVS Novartis AG-Sponsored ADR	1.60%	38,890	$4.7M	Reduce -1.5%
SGOV iShares 0-3 Month Treasury B	1.55%	45,366	$4.6M	Add +6.6%
UNP Union Pacific Corp.	1.55%	19,794	$4.6M	Reduce -1.7%
TMO Thermo Fisher Scientific Inc.	1.38%	10,027	$4.1M	Reduce -2.5%
JPST JPMorgan Ultra-Short Income	1.35%	78,070	$4.0M	Add +0.8%
PEP Pepsico Inc.	1.20%	26,639	$3.5M	Add +2.6%
MCD McDonald's Corp.	1.17%	11,820	$3.5M	Reduce -3.2%
QQQ Invesco QQQ Trust Series 1	1.15%	6,134	$3.4M	Add +26.8%
BP BP PLC-Spons ADR	1.15%	112,827	$3.4M	Add +2.7%
NVO Novo-Nordisk A/S-Spons ADR	1.13%	48,159	$3.3M	Reduce -5.6%
VGSH Vanguard Short-Term Treasury	1.00%	50,064	$2.9M	Reduce -7.6%
ACN Accenture PLC Class A	0.98%	9,598	$2.9M	Reduce -0.2%
SO The Southern Co.	0.93%	29,849	$2.7M	Reduce -1.0%
PFE Pfizer Inc.	0.88%	106,485	$2.6M	Reduce -0.1%
VYM Vanguard High DVD Yield ETF	0.88%	19,299	$2.6M	Add +0.1%
MO Altria Group Inc.	0.86%	43,382	$2.5M	Add +3.1%
CSCO Cisco Systems Inc.	0.75%	31,974	$2.2M	Add +3.9%
T AT&T Inc.	0.69%	70,227	$2.0M	Add +16.7%
XOM Exxon Mobil Corp.	0.67%	18,146	$2.0M	Reduce -2.7%
MRK Merck & Co. Inc.	0.65%	24,250	$1.9M	Add +2.1%
LOW Lowe's Cos Inc.	0.65%	8,573	$1.9M	Add +3.0%
CVX Chevron Corp.	0.64%	13,093	$1.9M	Add +5.0%
HD Home Depot Inc.	0.59%	4,766	$1.7M	Add +0.2%
C Citigroup Inc.	0.56%	19,371	$1.6M	Add +24.7%
AGG iShares Core U.S. Aggregate	0.56%	16,547	$1.6M	Reduce -7.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.51%	12,163	$1.5M	Add +17.9%
SBUX Starbucks Corp.	0.48%	15,449	$1.4M	Add +14.7%
USB US Bancorp	0.43%	27,951	$1.3M	Add +4.7%
DUK Duke Energy Corp.	0.42%	10,462	$1.2M	Add +4.1%
TGT Target Corp.	0.40%	11,835	$1.2M	Reduce -7.6%
MA Mastercard Inc. Class A	0.34%	1,775	$997K	Add +35.2%
SCHP Schwab U.S. Tips ETF	0.34%	37,110	$990K	Reduce -8.5%
SHEL Shell PLC-ADR	0.34%	14,000	$986K	Add +12.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.31%	19,501	$923K	Add +83.5%
SCHD Schwab US DVD Equity ETF	0.30%	32,946	$873K	Add +7.4%
AMRN Amarin Corp. PLC -ADR	0.28%	51,211	$831K	No change
NSC Norfolk Southern Corp.	0.28%	3,220	$824K	No change
ABT Abbott Laboratories	0.28%	6,030	$820K	Reduce -4.0%
ADP Automatic Data Processing	0.27%	2,550	$786K	No change
BA The Boeing Co.	0.26%	3,650	$765K	Add +32.7%
SPY SS SPDR S&P 500 ETF Trust-US	0.25%	1,183	$731K	Add +70.2%
META Meta Platforms Inc. Class A	0.24%	971	$717K	Add +54.4%
RTX RTX Corp.	0.24%	4,762	$695K	New
KVUE Kenvue Inc.	0.23%	32,910	$689K	Add +8.6%
DE Deere & Co.	0.22%	1,299	$661K	No change
PG The Procter & Gamble Co.	0.21%	3,951	$630K	No change
TSLA Tesla Inc.	0.21%	1,928	$612K	Add +16.6%
PH Parker Hannifin Corp.	0.21%	875	$611K	No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP	0.20%	6,429	$586K	No change
D Dominion Energy Inc.	0.19%	10,028	$567K	Add +7.5%
WFC Wells Fargo & Co.	0.17%	6,360	$510K	Add +33.6%
HON Honeywell International Inc.	0.17%	2,181	$508K	No change
TFC Truist Financial Corp.	0.16%	11,047	$475K	Add +22.1%
GOOG Alphabet Inc. Class C	0.15%	2,530	$449K	Add +27.1%
GL Globe Life Inc.	0.14%	3,425	$426K	No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE	0.14%	946	$417K	Add +42.5%
ETN Eaton Corp. PLC	0.13%	1,096	$391K	No change
SUB iShares Short-Term National	0.12%	3,425	$364K	No change
VCIT Vanguard Int-Term Corporate	0.12%	4,190	$347K	Reduce -1.9%
ZTS Zoetis Inc.	0.11%	2,121	$331K	Reduce -35.0%
SCHQ Schwab Long-Term US Treasury	0.11%	10,250	$327K	No change
MDLZ Mondelez International Inc. Class A	0.10%	4,472	$302K	No change
VTEB Vanguard Tax-Exempt Bond ETF	0.10%	6,007	$295K	New
MUB iShares National Muni Bond E	0.10%	2,800	$293K	New
NZF Nuveen Municipal Credit Inc.	0.10%	24,528	$292K	Add +38.5%
AYI Acuity Inc.	0.10%	972	$290K	No change
NEE Nextera Energy Inc.	0.10%	4,071	$283K	Add +8.0%
IWM iShares Russell 2000 ETF	0.10%	1,305	$282K	No change
BX Blackstone Inc.	0.09%	1,850	$277K	New
CTVA Corteva Inc.	0.09%	3,419	$255K	No change
HBAN Huntington Bancshares Inc.	0.07%	12,984	$218K	New
RSP Invesco S&P 500 Equal Weight	0.07%	1,200	$218K	No change
KMB Kimberly-Clark Corp.	0.07%	1,674	$216K	No change
ICLR Icon PLC	0.07%	1,465	$213K	Reduce -12.8%
NDMO Nuveen Dynamic Municipal Opp	0.04%	11,666	$117K	New
AVXL Anavex Life Sciences Corp.	0.04%	12,103	$112K	Add +1.7%

Portfolio Sells Q1 2025 → Q2 2025


TMO Thermo Fisher Scientific Inc.	Reduce -2.5%	1.38%	−0.50
RTX CORPORATION	Sold out	0.00%	−0.24
MCD McDonald's Corp.	Reduce -3.2%	1.17%	−0.23
UNP Union Pacific Corp.	Reduce -1.7%	1.55%	−0.20
NVO Novo-Nordisk A/S-Spons ADR	Reduce -5.6%	1.13%	−0.17
VGSH Vanguard Short-Term Treasury	Reduce -7.6%	1.00%	−0.17
XOM Exxon Mobil Corp.	Reduce -2.7%	0.67%	−0.15
ACN Accenture PLC Class A	Reduce -0.2%	0.98%	−0.13
CVS CVS Health Corp.	Sold out	0.00%	−0.13
PFE Pfizer Inc.	Reduce -0.1%	0.88%	−0.12
MCK McKesson Corp.	Sold out	0.00%	−0.11
TGT Target Corp.	Reduce -7.6%	0.40%	−0.10
AGG iShares Core U.S. Aggregate	Reduce -7.5%	0.56%	−0.09
SO The Southern Co.	Reduce -1.0%	0.93%	−0.09
ZTS Zoetis Inc.	Reduce -35.0%	0.11%	−0.09
SCHP Schwab U.S. Tips ETF	Reduce -8.5%	0.34%	−0.06
ICLR Icon PLC	Reduce -12.8%	0.07%	−0.04
ABT Abbott Laboratories	Reduce -4.0%	0.28%	−0.03
NVS Novartis AG-Sponsored ADR	Reduce -1.5%	1.60%	−0.02
BRBS Blue Ridge Bankshares Inc.	Sold out	0.00%	−0.02
VCIT Vanguard Int-Term Corporate	Reduce -1.9%	0.12%	−0.01
WMT Walmart Inc.	Reduce -0.3%	4.15%	+0.11
ORCL Oracle Corp.	Reduce -0.2%	3.24%	+0.99

Portfolio Buys Q1 2025 → Q2 2025


MSFT Microsoft Corp.	Add +0.5%	10.16%	+1.90
NVDA Nvidia Corp.	Add +3.5%	4.00%	+1.13
JPM JPMorgan Chase & Co.	Add +5.2%	2.87%	+0.37
IBM Intl Business Machines Corp.	Add +3.1%	2.77%	+0.32
QQQ Invesco QQQ Trust Series 1	Add +26.8%	1.15%	+0.32
AMZN Amazon.com Inc.	Add +10.1%	1.76%	+0.26
RTX RTX Corp.	New	0.24%	+0.24
GOOGL Alphabet Inc. Class A	Add +2.1%	3.30%	+0.23
CAT Caterpillar Inc.	Add +2.8%	1.71%	+0.18
C Citigroup Inc.	Add +24.7%	0.56%	+0.15
PM Philip Morris International	Add +2.7%	1.86%	+0.15
BAC Bank of America Corp.	Add +83.5%	0.31%	+0.15
DIS The Walt Disney Co.	Add +17.9%	0.51%	+0.14
META Meta Platforms Inc. Class A	Add +54.4%	0.24%	+0.11
SPY SS SPDR S&P 500 ETF Trust-US	Add +70.2%	0.25%	+0.11
VTEB Vanguard Tax-Exempt Bond ETF	New	0.10%	+0.10
MUB iShares National Muni Bond E	New	0.10%	+0.10
BX Blackstone Inc.	New	0.09%	+0.09
BA The Boeing Co.	Add +32.7%	0.26%	+0.09
HBAN Huntington Bancshares Inc.	New	0.07%	+0.07
MA Mastercard Inc. Class A	Add +35.2%	0.34%	+0.07
T AT&T Inc.	Add +16.7%	0.69%	+0.06
CSCO Cisco Systems Inc.	Add +3.9%	0.75%	+0.05
TSLA Tesla Inc.	Add +16.6%	0.21%	+0.05
WFC Wells Fargo & Co.	Add +33.6%	0.17%	+0.05
NDMO Nuveen Dynamic Municipal Opp	New	0.04%	+0.04
DIA SS SPDR Dow Jones Indus Avg	Add +42.5%	0.14%	+0.04
GOOG Alphabet Inc. Class C	Add +27.1%	0.15%	+0.04
TFC Truist Financial Corp.	Add +22.1%	0.16%	+0.02
NZF Nuveen Municipal Credit Inc.	Add +38.5%	0.10%	+0.02
USB US Bancorp	Add +4.7%	0.43%	+0.01
AVXL Anavex Life Sciences Corp.	Add +1.7%	0.04%	+0.00
D Dominion Energy Inc.	Add +7.5%	0.19%	+0.00
SHEL Shell PLC-ADR	Add +12.8%	0.34%	+0.00
NEE Nextera Energy Inc.	Add +8.0%	0.10%	−0.00
SBUX Starbucks Corp.	Add +14.7%	0.48%	−0.00
SCHD Schwab US DVD Equity ETF	Add +7.4%	0.30%	−0.02
SGOV iShares 0-3 Month Treasury B	Add +6.6%	1.55%	−0.02
DUK Duke Energy Corp.	Add +4.1%	0.42%	−0.03
KVUE Kenvue Inc.	Add +8.6%	0.23%	−0.03
VYM Vanguard High DVD Yield ETF	Add +0.1%	0.88%	−0.04
HD Home Depot Inc.	Add +0.2%	0.59%	−0.05
MO Altria Group Inc.	Add +3.1%	0.86%	−0.07
LOW Lowe's Cos Inc.	Add +3.0%	0.65%	−0.07
VZ Verizon Communications Inc.	Add +7.6%	1.71%	−0.09
JPST JPMorgan Ultra-Short Income	Add +0.8%	1.35%	−0.10
CVX Chevron Corp.	Add +5.0%	0.64%	−0.13
MRK Merck & Co. Inc.	Add +2.1%	0.65%	−0.13
V Visa Inc. Class A	Add +1.0%	2.60%	−0.15
KO The Coca-Cola Co.	Add +1.3%	1.85%	−0.15

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	97	$329.7M	AAPL, MSFT, GOOGL, BRK.B, WMT
Q1 2026	92	$307.0M	AAPL, MSFT, BRK.B, GOOGL, WMT
Q4 2025	93	$316.8M	AAPL, MICROSOFT CORP, BERKSHIRE HATHAWAY INC DEL, ALPHABET INC, WALMART INC
Q3 2025	94	$316.8M	AAPL, MSFT, BRK.B, GOOGL, NVDA
Q2 2025	94	$294.0M	MSFT, AAPL, BRK.B, WMT, NVDA
Q1 2025	92	$271.5M	AAPL, MSFT, BRK.B, WMT, WM
Q4 2024	91	$275.1M	AAPL, MSFT, BRK.B, WMT, GOOGL
Q3 2024	94	$282.2M	AAPL, MSFT, BRK.B, WMT, WM
Q2 2024	92	$268.2M	AAPL, MSFT, BRK.B, GOOGL, WM
Q1 2024	93	$260.9M	MSFT, AAPL, BRK.B, WM, GOOGL