Hendershot Investments Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Hendershot Investments Inc. reported 131 stock positions worth $699.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.4% of the portfolio, followed by Apple (AAPL, 5.4%) and Alphabet Class A (GOOGL, 4.2%). Compared with Q4 2023, it opened 4 new positions, sold out of 4, added to 29 and reduced 49. The biggest buy was a new position in Corpay (CPAY) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
CENTREVILLE, VA
CIK
0001541496
Portfolio Value
$699.4M (Q1 2024)
SEC Filing
0001541496-24-000008 ↗ filed Apr 22, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $699.4M $699.4M Q1 2024 Q2 2024: $695.9M Q2 2024 Q3 2024: $736.2M Q3 2024 Q4 2024: $733.7M Q4 2024 Q1 2025: $734.7M Q1 2025 Q2 2025: $748.4M Q2 2025 Q3 2025: $794.4M Q3 2025 Q4 2025: $784.5M Q4 2025 Q1 2026: $744.0M Q1 2026 Q2 2026: $765.5M Q2 2026

Holdings 131 stocks · $699.4M
BRK.B Berkshire Hathaway Inc. Class B 14.42% 239,745 $100.8M Reduce -0.2%
AAPL Apple Inc. 5.38% 219,598 $37.7M Reduce -1.5%
GOOGL Alphabet Inc. Class A 4.22% 195,765 $29.5M Add +1.9%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.63% 250,044 $25.4M Reduce -0.1%
MSFT Microsoft Corp. 3.38% 56,270 $23.7M Reduce -0.1%
JNJ Johnson & Johnson 3.33% 147,352 $23.3M Add +1.1%
GNTX Gentex Corp. 3.10% 601,202 $21.7M Add +0.3%
BKNG Booking Holdings Inc. 3.03% 5,833 $21.2M Add +4.2%
UNH Unitedhealth Group Inc. 2.83% 40,032 $19.8M Add +6.4%
GPC Genuine Parts Co. 2.62% 118,459 $18.4M Add +1.4%
PEP Pepsico Inc. 2.60% 103,900 $18.2M Add +2.7%
V Visa Inc. Class A 2.54% 63,587 $17.7M Add +0.8%
RTX RTX Corp. 2.53% 181,658 $17.7M Add +6.5%
ADP Automatic Data Processing 2.48% 69,385 $17.3M Add +0.1%
MA Mastercard Inc. Class A 2.31% 33,605 $16.2M Add +0.5%
CTSH Cognizant Tech Solutions-A 2.30% 219,582 $16.1M Add +1.8%
TSCO Tractor Supply Company 1.85% 49,355 $12.9M Reduce -0.3%
ORCL Oracle Corp. 1.80% 99,973 $12.6M Reduce -6.1%
TXRH Texas Roadhouse Inc. 1.77% 80,231 $12.4M Reduce -0.5%
CNI Canadian Natl Railway Co. 1.74% 92,150 $12.1M Reduce -1.0%
GD General Dynamics Corp. 1.69% 41,850 $11.8M Add +2.6%
SBUX Starbucks Corp. 1.66% 127,280 $11.6M Add +11.8%
ULTA Ulta Beauty Inc. 1.57% 21,059 $11.0M Add +2.1%
ROST Ross Stores Inc. 1.49% 70,786 $10.4M Add +3.1%
CSCO Cisco Systems Inc. 1.47% 206,104 $10.3M Reduce -0.8%
UPS United Parcel Service Class B 1.36% 63,873 $9.5M Reduce -2.8%
ACN Accenture PLC Class A 1.33% 26,849 $9.3M Reduce -1.1%
FAST Fastenal Co. 1.26% 114,135 $8.8M Reduce -3.8%
RMD Resmed Inc. 1.25% 44,313 $8.8M Add +0.6%
META Meta Platforms Inc. Class A 1.16% 16,682 $8.1M Reduce -0.4%
MOH Molina Healthcare Inc. 1.16% 19,690 $8.1M Add +9.3%
NKE Nike Inc. Class B 1.15% 85,491 $8.0M Add +9.3%
PAYX Paychex Inc. 1.13% 64,310 $7.9M Reduce -0.2%
AXP American Express Co. 0.93% 28,559 $6.5M No change
CPAY Corpay Inc. 0.89% 20,093 $6.2M New
FDS Factset Research Systems Inc. 0.80% 12,325 $5.6M Reduce -0.4%
GOOG Alphabet Inc. Class C 0.76% 35,003 $5.3M No change
PHM Pultegroup Inc. 0.70% 40,579 $4.9M Reduce -1.3%
SYK Stryker Corp. 0.62% 12,182 $4.4M Reduce -0.7%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.38% 21,630 $2.6M No change
PG The Procter & Gamble Co. 0.37% 16,065 $2.6M Reduce -0.8%
BRK.A Berkshire Hathaway Inc. Class A 0.36% 4 $2.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.36% 66,797 $2.5M Reduce -5.6%
SCHR Schwab Intermediate-Term US 0.34% 48,416 $2.4M Reduce -41.0%
VSEC Vse Corp. 0.33% 29,102 $2.3M Reduce -16.5%
VTI VG Morningstar TS MKT ETF-US 0.33% 8,868 $2.3M Add +3.5%
BN Brookfield Corp. 0.31% 51,030 $2.1M Reduce -0.9%
LLY Eli Lilly & Co. 0.30% 2,732 $2.1M Reduce -4.5%
MRK Merck & Co. Inc. 0.30% 15,756 $2.1M Add +0.5%
CVX Chevron Corp. 0.29% 12,759 $2.0M Reduce -0.3%
HRL Hormel Foods Corp. 0.28% 56,994 $2.0M Add +24.3%
SCHB Schwab US Broad Market ETF 0.24% 28,063 $1.7M Add +0.7%
JPM JPMorgan Chase & Co. 0.24% 8,333 $1.7M No change
ABBV Abbvie Inc. 0.20% 7,652 $1.4M Reduce -3.8%
CEG Constellation Energy 0.19% 7,213 $1.3M No change
PLD Prologis Inc. 0.18% 9,426 $1.2M Reduce -2.1%
MCD McDonald's Corp. 0.15% 3,723 $1.0M Reduce -2.7%
PSA Public Storage 0.15% 3,588 $1.0M Reduce -1.4%
PFE Pfizer Inc. 0.14% 36,162 $1.0M Reduce -10.6%
ABT Abbott Laboratories 0.14% 8,384 $953K No change
OKE Oneok Inc. 0.13% 11,702 $938K Reduce -1.2%
XOM Exxon Mobil Corp. 0.13% 7,914 $920K No change
TPL Texas Pacific Land Corp. 0.13% 1,518 $878K No change
MDLZ Mondelez International Inc. Class A 0.13% 12,520 $876K Reduce -0.9%
BND Vanguard Total Bond Market 0.13% 12,043 $875K Reduce -28.7%
WEC WEC Energy Group Inc. 0.12% 10,446 $858K No change
ED Consolidated Edison Inc. 0.12% 9,160 $832K Reduce -1.4%
PM Philip Morris International 0.12% 8,850 $811K No change
WMT Walmart Inc. 0.11% 13,323 $802K Reduce -2.2%
ITW Illinois Tool Works 0.11% 2,896 $777K No change
KO The Coca-Cola Co. 0.11% 12,071 $739K Add +2.3%
D Dominion Energy Inc. 0.10% 14,898 $733K Reduce -5.5%
NSC Norfolk Southern Corp. 0.10% 2,708 $690K Reduce -0.7%
VIGI Vanguard Int Div App Indx FD 0.09% 7,695 $627K Add +1.8%
COST Costco Wholesale Corp. 0.08% 771 $565K No change
SCHA Schwab US Small-Cap ETF 0.08% 11,298 $556K Add +1.7%
VTEB Vanguard Tax-Exempt Bond ETF 0.08% 10,939 $554K No change
SCHM Schwab US Mid Cap ETF 0.08% 6,739 $549K Add +1.2%
APAM Artisan Partners Asset Ma -A 0.08% 11,725 $537K No change
WELL Welltower Inc. 0.08% 5,742 $537K No change
VTIP Vanguard Short-Term Tips 0.08% 11,176 $535K No change
MFC Manulife Financial Corp. 0.07% 20,910 $523K Reduce -18.6%
AMZN Amazon.com Inc. 0.07% 2,885 $520K Add +3.6%
BAM Brookfield Asset Mgmt-A 0.07% 12,260 $515K No change
PECO Phillips Edison & Company Inc. 0.07% 14,031 $503K Reduce -0.2%
DUK Duke Energy Corp. 0.07% 4,986 $482K Reduce -1.2%
O Realty Income Corp. 0.07% 8,812 $477K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.06% 7,874 $454K No change
USB US Bancorp 0.06% 10,066 $450K No change
OTTR Otter Tail Corp. 0.06% 5,000 $432K No change
MO Altria Group Inc. 0.06% 9,686 $423K Reduce -3.2%
BF.B Brown-Forman Corp. Class B 0.05% 6,860 $354K Reduce -5.4%
TT Trane Technologies PLC 0.05% 1,145 $344K No change
FDX FedEx Corp. 0.05% 1,146 $332K No change
BP BP PLC-Spons ADR 0.05% 8,788 $331K Reduce -4.3%
EXC Exelon Corp. 0.04% 8,371 $315K No change
NVDA Nvidia Corp. 0.04% 346 $313K New
NVS Novartis AG-Sponsored ADR 0.04% 3,131 $303K Reduce -2.3%
KMB Kimberly-Clark Corp. 0.04% 2,254 $292K No change
LHX L3HARRIS Technologies Inc. 0.04% 1,349 $287K No change
MKC McCormick & Co.-Non VTG SHRS 0.04% 3,720 $286K No change
YUM Yum! Brands Inc. 0.04% 2,012 $279K Reduce -4.4%
ISRG Intuitive Surgical Inc. 0.04% 672 $268K No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM TO 0.04% 5,244 $266K No change
VIG Vanguard Dividend Apprec ETF 0.04% 1,450 $265K No change
MWA Mueller Water Products Inc. Class A 0.04% 16,000 $257K No change
VZ Verizon Communications Inc. 0.03% 5,693 $239K Reduce -4.3%
JNPR Juniper Networks Inc. 0.03% 6,200 $230K No change
ARTNA Artesian Resources Corp. Class A 0.03% 6,000 $223K No change
PSX Phillips 66 0.03% 1,350 $221K New
TD Toronto-Dominion Bank 0.03% 3,620 $219K No change
COP Conocophillips 0.03% 1,715 $218K No change
BMY Bristol-Myers Squibb Co. 0.03% 3,958 $215K No change
QQQ Invesco QQQ Trust Series 1 0.03% 477 $212K No change
CSW CSW Industrials Inc. 0.03% 897 $210K Reduce -58.7%
HON Honeywell International Inc. 0.03% 1,014 $208K No change
BAH Booz Allen Hamilton Holdings 0.03% 1,400 $208K New
OGE Oge Energy Corp. 0.03% 6,000 $206K No change
EW Edwards Lifesciences Corp. 0.03% 2,100 $201K No change
SPGI S&P Global Inc. 0.03% 470 $200K No change
SASR Sandy Spring Bancorp Inc. 0.03% 8,272 $192K No change
WFC Wells Fargo & Co. 0.03% 3,266 $189K No change
CMCSA Comcast Corp. Class A 0.03% 4,352 $189K No change
PNC PNC Financial Services Group 0.03% 1,116 $180K No change
SCHD Schwab US DVD Equity ETF 0.02% 2,150 $173K No change
UVSP Univest Financial Corp. 0.02% 7,679 $160K No change
PCH Potlatchdeltic Corp. 0.02% 3,320 $156K Reduce -72.7%
MET Metlife Inc. 0.02% 2,054 $152K Reduce -64.0%
FMAO Farmers & Merchants Banco 0.02% 30 $144K No change
TSLA Tesla Inc. 0.02% 640 $113K Add +2.4%
SCHO Schwab Short-Term US Treas 0.00% 445 $21K Reduce -27.6%

Portfolio Sells Q4 2023 → Q1 2024
AAPL Apple Inc. Reduce -1.5% 5.38% −1.22
TXN Texas Instruments Inc. Sold out 0.00% −0.72
WAL Western Alliance Bancorp Sold out 0.00% −0.56
SCHR Schwab Intermediate-Term US Reduce -41.0% 0.34% −0.29
UPS United Parcel Service Class B Reduce -2.8% 1.36% −0.23
CSCO Cisco Systems Inc. Reduce -0.8% 1.47% −0.14
ACN Accenture PLC Class A Reduce -1.1% 1.33% −0.13
FDS Factset Research Systems Inc. Reduce -0.4% 0.80% −0.11
PCH Potlatchdeltic Corp. Reduce -72.7% 0.02% −0.07
BND Vanguard Total Bond Market Reduce -28.7% 0.13% −0.07
CNI Canadian Natl Railway Co. Reduce -1.0% 1.74% −0.06
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.06
PAYX Paychex Inc. Reduce -0.2% 1.13% −0.05
TOWN Towne Bank Sold out 0.00% −0.05
CSW CSW Industrials Inc. Reduce -58.7% 0.03% −0.04
MET Metlife Inc. Reduce -64.0% 0.02% −0.04
PFE Pfizer Inc. Reduce -10.6% 0.14% −0.04
MCD McDonald's Corp. Reduce -2.7% 0.15% −0.02
PLD Prologis Inc. Reduce -2.1% 0.18% −0.02
PSA Public Storage Reduce -1.4% 0.15% −0.02
MDLZ Mondelez International Inc. Class A Reduce -0.9% 0.13% −0.02
VSEC Vse Corp. Reduce -16.5% 0.33% −0.01
BF.B Brown-Forman Corp. Class B Reduce -5.4% 0.05% −0.01
MFC Manulife Financial Corp. Reduce -18.6% 0.07% −0.01
BN Brookfield Corp. Reduce -0.9% 0.31% −0.01
ED Consolidated Edison Inc. Reduce -1.4% 0.12% −0.01
D Dominion Energy Inc. Reduce -5.5% 0.10% −0.01
PECO Phillips Edison & Company Inc. Reduce -0.2% 0.07% −0.01
NVS Novartis AG-Sponsored ADR Reduce -2.3% 0.04% −0.01
DUK Duke Energy Corp. Reduce -1.2% 0.07% −0.01
CVX Chevron Corp. Reduce -0.3% 0.29% −0.01
BAC Bank of America Corp. Reduce -5.6% 0.36% −0.00
BP BP PLC-Spons ADR Reduce -4.3% 0.05% −0.00
YUM Yum! Brands Inc. Reduce -4.4% 0.04% −0.00
MO Altria Group Inc. Reduce -3.2% 0.06% −0.00
SCHO Schwab Short-Term US Treas Reduce -27.6% 0.00% −0.00
NSC Norfolk Southern Corp. Reduce -0.7% 0.10% −0.00
VZ Verizon Communications Inc. Reduce -4.3% 0.03% −0.00
WMT Walmart Inc. Reduce -2.2% 0.11% +0.00
OKE Oneok Inc. Reduce -1.2% 0.13% +0.01
PG The Procter & Gamble Co. Reduce -0.8% 0.37% +0.01
ABBV Abbvie Inc. Reduce -3.8% 0.20% +0.01
TJX TJX Companies Inc. Reduce -0.1% 3.63% +0.02
LLY Eli Lilly & Co. Reduce -4.5% 0.30% +0.05
PHM Pultegroup Inc. Reduce -1.3% 0.70% +0.05
SYK Stryker Corp. Reduce -0.7% 0.62% +0.06
ORCL Oracle Corp. Reduce -6.1% 1.80% +0.07
FAST Fastenal Co. Reduce -3.8% 1.26% +0.08
MSFT Microsoft Corp. Reduce -0.1% 3.38% +0.13
TSCO Tractor Supply Company Reduce -0.3% 1.85% +0.21

Portfolio Buys Q4 2023 → Q1 2024
CPAY Corpay Inc. New 0.89% +0.89
RTX RTX Corp. Add +6.5% 2.53% +0.33
MOH Molina Healthcare Inc. Add +9.3% 1.16% +0.16
GPC Genuine Parts Co. Add +1.4% 2.62% +0.14
MA Mastercard Inc. Class A Add +0.5% 2.31% +0.12
GOOGL Alphabet Inc. Class A Add +1.9% 4.22% +0.10
GNTX Gentex Corp. Add +0.3% 3.10% +0.10
RMD Resmed Inc. Add +0.6% 1.25% +0.09
GD General Dynamics Corp. Add +2.6% 1.69% +0.06
HRL Hormel Foods Corp. Add +24.3% 0.28% +0.06
NVDA Nvidia Corp. New 0.04% +0.04
MRK Merck & Co. Inc. Add +0.5% 0.30% +0.03
PSX Phillips 66 New 0.03% +0.03
BAH Booz Allen Hamilton Holdings New 0.03% +0.03
ROST Ross Stores Inc. Add +3.1% 1.49% +0.02
ULTA Ulta Beauty Inc. Add +2.1% 1.57% +0.02
VTI VG Morningstar TS MKT ETF-US Add +3.5% 0.33% +0.02
V Visa Inc. Class A Add +0.8% 2.54% +0.01
AMZN Amazon.com Inc. Add +3.6% 0.07% +0.01
SCHB Schwab US Broad Market ETF Add +0.7% 0.24% +0.01
SCHM Schwab US Mid Cap ETF Add +1.2% 0.08% +0.00
SCHA Schwab US Small-Cap ETF Add +1.7% 0.08% −0.00
KO The Coca-Cola Co. Add +2.3% 0.11% −0.00
VIGI Vanguard Int Div App Indx FD Add +1.8% 0.09% −0.00
ADP Automatic Data Processing Add +0.1% 2.48% −0.00
TSLA Tesla Inc. Add +2.4% 0.02% −0.01
SBUX Starbucks Corp. Add +11.8% 1.66% −0.02
BKNG Booking Holdings Inc. Add +4.2% 3.03% −0.03
PEP Pepsico Inc. Add +2.7% 2.60% −0.04
NKE Nike Inc. Class B Add +9.3% 1.15% −0.16
JNJ Johnson & Johnson Add +1.1% 3.33% −0.18
CTSH Cognizant Tech Solutions-A Add +1.8% 2.30% −0.21
UNH Unitedhealth Group Inc. Add +6.4% 2.83% −0.21

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 134$765.5MBRK.B, AAPL, JNJ, TJX, GOOGL
Q1 2026 129$744.0MBRK.B, AAPL, TJX, JNJ, GOOGL
Q4 2025 124$784.5MBRK.B, GOOGL, AAPL, TJX, BKNG
Q3 2025 128$794.4MBRK.B, GOOGL, AAPL, TJX, BKNG
Q2 2025 129$748.4MBRK.B, BKNG, GOOGL, AAPL, TJX
Q1 2025 129$734.7MBRK.B, AAPL, GOOGL, TJX, BKNG
Q4 2024 131$733.7MBRK.B, AAPL, GOOGL, BKNG, TJX
Q3 2024 130$736.2MBRK.B, AAPL, GOOGL, TJX, BKNG
Q2 2024 131$695.9MBRK.B, AAPL, GOOGL, TJX, MSFT
Q1 2024 131$699.4MBRK.B, AAPL, GOOGL, TJX, MSFT