Hendershot Investments Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 15, 2024), Hendershot Investments Inc. reported 130 stock positions worth $736.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.8% of the portfolio, followed by Apple (AAPL, 6.2%) and Alphabet Class A (GOOGL, 4.5%). Compared with Q2 2024, it opened 3 new positions, sold out of 4, added to 39 and reduced 47. The biggest buy was Amazon.com (AMZN, shares +1999%) and the biggest sale an exit from Cisco Systems (CSCO).

Most Recent 13F
Q2 2026
Location
CENTREVILLE, VA
CIK
0001541496
Portfolio Value
$736.2M (Q3 2024)
SEC Filing
0001541496-24-000013 ↗ filed Nov 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $699.4M Q1 2024 Q2 2024: $695.9M Q2 2024 Q3 2024: $736.2M $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 130 stocks · $736.2M
BRK.B Berkshire Hathaway Inc. Class B 13.83% 221,248 $101.8M Reduce -7.4%
AAPL Apple Inc. 6.17% 194,831 $45.4M Reduce -10.2%
GOOGL Alphabet Inc. Class A 4.52% 200,730 $33.3M Add +2.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 3.99% 250,099 $29.4M Reduce -0.1%
BKNG Booking Holdings Inc. 3.67% 6,414 $27.0M Add +5.6%
MSFT Microsoft Corp. 3.44% 58,909 $25.3M Add +4.4%
UNH Unitedhealth Group Inc. 3.30% 41,575 $24.3M Add +0.8%
JNJ Johnson & Johnson 3.23% 146,605 $23.8M Reduce -0.4%
ADP Automatic Data Processing 2.61% 69,453 $19.2M Reduce -0.1%
GNTX Gentex Corp. 2.56% 634,835 $18.8M Add +0.7%
PEP Pepsico Inc. 2.47% 106,801 $18.2M Add +1.6%
V Visa Inc. Class A 2.46% 65,851 $18.1M Add +2.3%
GPC Genuine Parts Co. 2.37% 125,007 $17.5M Add +2.9%
MA Mastercard Inc. Class A 2.36% 35,215 $17.4M Add +1.9%
ORCL Oracle Corp. 2.32% 100,101 $17.1M Add +1.0%
CTSH Cognizant Tech Solutions-A 2.28% 217,332 $16.8M Reduce -0.1%
RTX RTX Corp. 1.79% 108,923 $13.2M Reduce -39.9%
SBUX Starbucks Corp. 1.68% 127,100 $12.4M Reduce -0.4%
CNI Canadian Natl Railway Co. 1.66% 104,187 $12.2M Add +13.4%
AMZN Amazon.com Inc. 1.59% 62,969 $11.7M Add +1999.0%
ROST Ross Stores Inc. 1.53% 74,826 $11.3M Add +1.2%
RMD Resmed Inc. 1.48% 44,542 $10.9M Add +0.5%
GD General Dynamics Corp. 1.43% 34,948 $10.6M Reduce -16.0%
TSCO Tractor Supply Company 1.42% 35,931 $10.5M Reduce -0.2%
CPAY Corpay Inc. 1.37% 32,240 $10.1M Add +8.1%
MOH Molina Healthcare Inc. 1.27% 27,222 $9.4M Add +17.7%
META Meta Platforms Inc. Class A 1.27% 16,362 $9.4M Reduce -0.8%
ACN Accenture PLC Class A 1.26% 26,329 $9.3M Reduce -1.0%
UPS United Parcel Service Class B 1.23% 66,436 $9.1M Add +4.6%
PAYX Paychex Inc. 1.21% 66,277 $8.9M Add +0.5%
TXRH Texas Roadhouse Inc. 1.17% 48,892 $8.6M Reduce -4.5%
ULTA Ulta Beauty Inc. 1.16% 21,865 $8.5M Reduce -0.7%
NKE Nike Inc. Class B 1.04% 86,831 $7.7M Add +0.6%
FAST Fastenal Co. 1.03% 105,913 $7.6M Reduce -2.3%
AXP American Express Co. 0.90% 24,372 $6.6M Reduce -13.8%
GOOG Alphabet Inc. Class C 0.80% 35,007 $5.9M No change
FDS Factset Research Systems Inc. 0.76% 12,204 $5.6M Reduce -0.4%
PHM Pultegroup Inc. 0.75% 38,565 $5.5M Reduce -3.2%
KNSL Kinsale Capital Group Inc. 0.73% 11,534 $5.4M Add +3.1%
SYK Stryker Corp. 0.62% 12,548 $4.5M Add +3.4%
PG The Procter & Gamble Co. 0.40% 16,788 $2.9M Add +6.4%
BRK.A Berkshire Hathaway Inc. Class A 0.38% 4 $2.8M No change
SCHR Schwab Intermediate-Term US 0.35% 51,601 $2.6M Add +3.3%
VTI VG Morningstar TS MKT ETF-US 0.34% 8,898 $2.5M Add +0.2%
LLY Eli Lilly & Co. 0.31% 2,590 $2.3M Reduce -1.8%
VSEC Vse Corp. 0.29% 25,823 $2.1M No change
SCHB Schwab US Broad Market ETF 0.26% 28,510 $1.9M Add +1.5%
CVX Chevron Corp. 0.25% 12,683 $1.9M Add +0.8%
CEG Constellation Energy 0.24% 6,860 $1.8M Reduce -1.4%
MRK Merck & Co. Inc. 0.24% 15,471 $1.8M Add +7.0%
JPM JPMorgan Chase & Co. 0.24% 8,230 $1.7M Add +4.6%
HRL Hormel Foods Corp. 0.22% 50,834 $1.6M Reduce -3.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.22% 16,490 $1.6M Reduce -18.0%
ABBV Abbvie Inc. 0.21% 7,652 $1.5M No change
TPL Texas Pacific Land Corp. 0.20% 1,637 $1.4M No change
BN Brookfield Corp. 0.16% 22,567 $1.2M Reduce -53.5%
WMT Walmart Inc. 0.16% 14,473 $1.2M Add +19.9%
PSA Public Storage 0.16% 3,147 $1.1M Reduce -5.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.15% 28,620 $1.1M Reduce -56.7%
MCD McDonald's Corp. 0.15% 3,663 $1.1M Reduce -1.6%
PM Philip Morris International 0.14% 8,560 $1.0M Reduce -0.5%
ABT Abbott Laboratories 0.13% 8,558 $976K Add +2.1%
OKE Oneok Inc. 0.13% 10,369 $945K No change
XOM Exxon Mobil Corp. 0.13% 8,014 $939K No change
ED Consolidated Edison Inc. 0.12% 8,803 $917K Reduce -0.6%
MDLZ Mondelez International Inc. Class A 0.12% 12,363 $911K Reduce -1.3%
PLD Prologis Inc. 0.12% 7,056 $891K Reduce -21.5%
WEC WEC Energy Group Inc. 0.12% 9,218 $887K Reduce -11.8%
BND Vanguard Total Bond Market 0.12% 11,755 $883K Reduce -2.7%
TT Trane Technologies PLC 0.12% 2,270 $882K Add +98.3%
KO The Coca-Cola Co. 0.12% 11,847 $851K Reduce -1.9%
ITW Illinois Tool Works 0.10% 2,896 $759K No change
PFE Pfizer Inc. 0.10% 24,895 $720K Add +12.7%
VIGI Vanguard Int Div App Indx FD 0.10% 8,051 $711K Add +1.5%
D Dominion Energy Inc. 0.09% 11,708 $677K Reduce -12.6%
HD Home Depot Inc. 0.09% 1,613 $654K New
COST Costco Wholesale Corp. 0.09% 713 $632K No change
NSC Norfolk Southern Corp. 0.09% 2,533 $629K No change
TTE Totalenergies SE -Spon ADR 0.09% 9,719 $628K Reduce -8.6%
DUK Duke Energy Corp. 0.08% 5,060 $583K No change
SCHM Schwab US Mid Cap ETF 0.08% 7,013 $583K Add +1.8%
SCHA Schwab US Small-Cap ETF 0.08% 11,310 $582K Reduce -1.8%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.08% 7,874 $566K No change
BHRB Burke & Herbert Financial SE 0.08% 9,172 $559K Reduce -39.5%
VTEB Vanguard Tax-Exempt Bond ETF 0.08% 10,939 $559K No change
WELL Welltower Inc. 0.07% 4,116 $527K Reduce -19.9%
PECO Phillips Edison & Company Inc. 0.07% 13,896 $524K No change
APAM Artisan Partners Asset Ma -A 0.07% 11,475 $497K No change
NVDA Nvidia Corp. 0.07% 4,011 $487K Add +8.7%
MO Altria Group Inc. 0.06% 9,113 $465K Reduce -4.9%
O Realty Income Corp. 0.06% 6,995 $444K No change
USB US Bancorp 0.05% 8,816 $403K No change
OTTR Otter Tail Corp. 0.05% 5,000 $391K No change
NVS Novartis AG-Sponsored ADR 0.05% 3,331 $383K Add +6.4%
BAM Brookfield Asset Mgmt-A 0.05% 7,738 $366K Reduce -18.0%
GLD SPDR Gold Shares 0.05% 1,455 $354K New
MWA Mueller Water Products Inc. Class A 0.05% 16,000 $347K No change
MFC Manulife Financial Corp. 0.05% 11,585 $342K Reduce -43.8%
EXC Exelon Corp. 0.05% 8,267 $335K Reduce -1.2%
BF.B Brown-Forman Corp. Class B 0.04% 6,700 $330K Reduce -2.3%
CSW CSW Industrials Inc. 0.04% 897 $329K No change
ISRG Intuitive Surgical Inc. 0.04% 665 $327K Reduce -4.0%
LHX L3HARRIS Technologies Inc. 0.04% 1,349 $321K No change
FDX FedEx Corp. 0.04% 1,146 $314K No change
MAR Marriott International Class A 0.04% 1,207 $300K No change
VIG Vanguard Dividend Apprec ETF 0.04% 1,464 $290K Add +1.0%
YUM Yum! Brands Inc. 0.04% 2,012 $281K No change
BMY Bristol-Myers Squibb Co. 0.04% 5,404 $280K Add +58.1%
MKC McCormick & Co.-Non VTG SHRS 0.04% 3,386 $279K No change
SASR Sandy Spring Bancorp Inc. 0.04% 8,272 $259K No change
OGE Oge Energy Corp. 0.03% 6,000 $246K No change
SPGI S&P Global Inc. 0.03% 470 $243K No change
JNPR Juniper Networks Inc. 0.03% 6,200 $242K No change
KMB Kimberly-Clark Corp. 0.03% 1,698 $242K Reduce -10.5%
QQQ Invesco QQQ Trust Series 1 0.03% 479 $234K Add +0.4%
BP BP PLC-Spons ADR 0.03% 7,263 $228K Reduce -9.1%
BAH Booz Allen Hamilton Holdings 0.03% 1,400 $228K No change
UVSP Univest Financial Corp. 0.03% 7,679 $216K No change
IBDY iShares Ibonds Dec 2033 Corp. 0.03% 7,953 $210K No change
IBDX iShares Ibonds Dec 2032 TC 0.03% 8,156 $210K No change
AVGO Broadcom Inc. 0.03% 1,200 $207K New
HON Honeywell International Inc. 0.03% 889 $184K No change
CMCSA Comcast Corp. Class A 0.02% 4,352 $182K No change
SCHD Schwab US DVD Equity ETF 0.02% 2,150 $182K No change
TSLA Tesla Inc. 0.02% 640 $167K No change
MET Metlife Inc. 0.02% 1,961 $162K Reduce -4.5%
FMAO Farmers & Merchants Banco 0.02% 30 $161K No change
PCH Potlatchdeltic Corp. 0.02% 3,320 $150K No change
EW Edwards Lifesciences Corp. 0.02% 1,929 $127K No change
SCHO Schwab Short-Term US Treas 0.00% 445 $22K No change

Portfolio Sells Q2 2024 → Q3 2024
CSCO Cisco Systems Inc. Sold out 0.00% −1.35
RTX RTX Corp. Reduce -39.9% 1.79% −0.82
AAPL Apple Inc. Reduce -10.2% 6.17% −0.40
GD General Dynamics Corp. Reduce -16.0% 1.43% −0.30
BAC Bank of America Corp. Reduce -56.7% 0.15% −0.22
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.4% 13.83% −0.14
BN Brookfield Corp. Reduce -53.5% 0.16% −0.13
VTIP Vanguard Short-Term Tips Sold out 0.00% −0.09
TXRH Texas Roadhouse Inc. Reduce -4.5% 1.17% −0.09
DIS The Walt Disney Co. Reduce -18.0% 0.22% −0.07
ULTA Ulta Beauty Inc. Reduce -0.7% 1.16% −0.07
AXP American Express Co. Reduce -13.8% 0.90% −0.04
BHRB Burke & Herbert Financial SE Reduce -39.5% 0.08% −0.04
MFC Manulife Financial Corp. Reduce -43.8% 0.05% −0.03
LLY Eli Lilly & Co. Reduce -1.8% 0.31% −0.03
VZ Verizon Communications Inc. Sold out 0.00% −0.02
PLD Prologis Inc. Reduce -21.5% 0.12% −0.02
COP Conocophillips Sold out 0.00% −0.02
TTE Totalenergies SE -Spon ADR Reduce -8.6% 0.09% −0.02
HRL Hormel Foods Corp. Reduce -3.9% 0.22% −0.01
BP BP PLC-Spons ADR Reduce -9.1% 0.03% −0.01
WELL Welltower Inc. Reduce -19.9% 0.07% −0.01
BND Vanguard Total Bond Market Reduce -2.7% 0.12% −0.01
KMB Kimberly-Clark Corp. Reduce -10.5% 0.03% −0.00
D Dominion Energy Inc. Reduce -12.6% 0.09% −0.00
BAM Brookfield Asset Mgmt-A Reduce -18.0% 0.05% −0.00
ISRG Intuitive Surgical Inc. Reduce -4.0% 0.04% +0.00
MO Altria Group Inc. Reduce -4.9% 0.06% +0.00
SCHA Schwab US Small-Cap ETF Reduce -1.8% 0.08% +0.00
MET Metlife Inc. Reduce -4.5% 0.02% +0.00
BF.B Brown-Forman Corp. Class B Reduce -2.3% 0.04% +0.00
WEC WEC Energy Group Inc. Reduce -11.8% 0.12% +0.00
EXC Exelon Corp. Reduce -1.2% 0.05% +0.00
KO The Coca-Cola Co. Reduce -1.9% 0.12% +0.01
MDLZ Mondelez International Inc. Class A Reduce -1.3% 0.12% +0.01
ED Consolidated Edison Inc. Reduce -0.6% 0.12% +0.01
MCD McDonald's Corp. Reduce -1.6% 0.15% +0.02
PM Philip Morris International Reduce -0.5% 0.14% +0.02
PSA Public Storage Reduce -5.4% 0.16% +0.02
TSCO Tractor Supply Company Reduce -0.2% 1.42% +0.02
TJX TJX Companies Inc. Reduce -0.1% 3.99% +0.03
CEG Constellation Energy Reduce -1.4% 0.24% +0.04
FDS Factset Research Systems Inc. Reduce -0.4% 0.76% +0.04
FAST Fastenal Co. Reduce -2.3% 1.03% +0.05
META Meta Platforms Inc. Class A Reduce -0.8% 1.27% +0.08
ACN Accenture PLC Class A Reduce -1.0% 1.26% +0.10
PHM Pultegroup Inc. Reduce -3.2% 0.75% +0.12
JNJ Johnson & Johnson Reduce -0.4% 3.23% +0.14
CTSH Cognizant Tech Solutions-A Reduce -0.1% 2.28% +0.15
ADP Automatic Data Processing Reduce -0.1% 2.61% +0.23

Portfolio Buys Q2 2024 → Q3 2024
AMZN Amazon.com Inc. Add +1999.0% 1.59% +1.51
ORCL Oracle Corp. Add +1.0% 2.32% +0.31
MOH Molina Healthcare Inc. Add +17.7% 1.27% +0.29
UNH Unitedhealth Group Inc. Add +0.8% 3.30% +0.28
RMD Resmed Inc. Add +0.5% 1.48% +0.26
CPAY Corpay Inc. Add +8.1% 1.37% +0.23
BKNG Booking Holdings Inc. Add +5.6% 3.67% +0.21
MA Mastercard Inc. Class A Add +1.9% 2.36% +0.17
KNSL Kinsale Capital Group Inc. Add +3.1% 0.73% +0.11
NKE Nike Inc. Class B Add +0.6% 1.04% +0.11
CNI Canadian Natl Railway Co. Add +13.4% 1.66% +0.10
HD Home Depot Inc. New 0.09% +0.09
PAYX Paychex Inc. Add +0.5% 1.21% +0.08
TT Trane Technologies PLC Add +98.3% 0.12% +0.07
GLD SPDR Gold Shares New 0.05% +0.05
WMT Walmart Inc. Add +19.9% 0.16% +0.04
V Visa Inc. Class A Add +2.3% 2.46% +0.03
AVGO Broadcom Inc. New 0.03% +0.03
SYK Stryker Corp. Add +3.4% 0.62% +0.02
PG The Procter & Gamble Co. Add +6.4% 0.40% +0.02
BMY Bristol-Myers Squibb Co. Add +58.1% 0.04% +0.02
PFE Pfizer Inc. Add +12.7% 0.10% +0.01
ABT Abbott Laboratories Add +2.1% 0.13% +0.01
JPM JPMorgan Chase & Co. Add +4.6% 0.24% +0.01
SCHR Schwab Intermediate-Term US Add +3.3% 0.35% +0.00
NVS Novartis AG-Sponsored ADR Add +6.4% 0.05% +0.00
SCHB Schwab US Broad Market ETF Add +1.5% 0.26% +0.00
VIGI Vanguard Int Div App Indx FD Add +1.5% 0.10% +0.00
SCHM Schwab US Mid Cap ETF Add +1.8% 0.08% +0.00
VIG Vanguard Dividend Apprec ETF Add +1.0% 0.04% +0.00
NVDA Nvidia Corp. Add +8.7% 0.07% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.2% 0.34% +0.00
QQQ Invesco QQQ Trust Series 1 Add +0.4% 0.03% −0.00
ROST Ross Stores Inc. Add +1.2% 1.53% −0.01
UPS United Parcel Service Class B Add +4.6% 1.23% −0.02
MRK Merck & Co. Inc. Add +7.0% 0.24% −0.02
PEP Pepsico Inc. Add +1.6% 2.47% −0.03
CVX Chevron Corp. Add +0.8% 0.25% −0.03
GPC Genuine Parts Co. Add +2.9% 2.37% −0.04
MSFT Microsoft Corp. Add +4.4% 3.44% −0.18
GNTX Gentex Corp. Add +0.7% 2.56% −0.49
GOOGL Alphabet Inc. Class A Add +2.8% 4.52% −0.59

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