Hendershot Investments Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 28, 2025), Hendershot Investments Inc. reported 131 stock positions worth $733.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.5% of the portfolio, followed by Apple (AAPL, 6.5%) and Alphabet Class A (GOOGL, 5.2%). Compared with Q3 2024, it opened 2 new positions, sold out of 1, added to 32 and reduced 50. The biggest buy was Alphabet Class A (GOOGL, shares +0%) and the biggest sale Oracle (ORCL, shares −26%).

Most Recent 13F
Q2 2026
Location
CENTREVILLE, VA
CIK
0001541496
Portfolio Value
$733.7M (Q4 2024)
SEC Filing
0001541496-25-000002 ↗ filed Jan 28, 2025

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 Q3 2024 Q4 2024: $733.7M $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 · $733.7M
BRK.B Berkshire Hathaway Inc. Class B 13.53% 219,000 $99.3M Reduce -1.0%
AAPL Apple Inc. 6.53% 191,282 $47.9M Reduce -1.8%
GOOGL Alphabet Inc. Class A 5.20% 201,606 $38.2M Add +0.4%
BKNG Booking Holdings Inc. 4.32% 6,382 $31.7M Reduce -0.5%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.10% 248,898 $30.1M Reduce -0.5%
MSFT Microsoft Corp. 3.41% 59,373 $25.0M Add +0.8%
JNJ Johnson & Johnson 2.95% 149,736 $21.7M Add +2.1%
UNH Unitedhealth Group Inc. 2.94% 42,630 $21.6M Add +2.5%
V Visa Inc. Class A 2.89% 67,035 $21.2M Add +1.8%
ADP Automatic Data Processing 2.77% 69,365 $20.3M Reduce -0.1%
GNTX Gentex Corp. 2.58% 659,066 $18.9M Add +3.8%
MA Mastercard Inc. Class A 2.54% 35,432 $18.7M Add +0.6%
PEP Pepsico Inc. 2.39% 115,177 $17.5M Add +7.8%
CTSH Cognizant Tech Solutions-A 2.33% 222,052 $17.1M Add +2.2%
AMZN Amazon.com Inc. 2.09% 70,031 $15.4M Add +11.2%
GPC Genuine Parts Co. 1.86% 116,809 $13.6M Reduce -6.6%
ORCL Oracle Corp. 1.68% 74,167 $12.4M Reduce -25.9%
RTX RTX Corp. 1.64% 103,705 $12.0M Reduce -4.8%
CNI Canadian Natl Railway Co. 1.56% 112,751 $11.4M Add +8.2%
ROST Ross Stores Inc. 1.54% 74,602 $11.3M Reduce -0.3%
CPAY Corpay Inc. 1.52% 32,873 $11.1M Add +2.0%
SBUX Starbucks Corp. 1.51% 121,118 $11.1M Reduce -4.7%
ACN Accenture PLC Class A 1.43% 29,772 $10.5M Add +13.1%
RMD Resmed Inc. 1.42% 45,456 $10.4M Add +2.0%
GD General Dynamics Corp. 1.38% 38,556 $10.2M Add +10.3%
TSCO Tractor Supply Company 1.29% 178,695 $9.5M Reduce -0.5%
META Meta Platforms Inc. Class A 1.26% 15,845 $9.3M Reduce -3.2%
PAYX Paychex Inc. 1.26% 66,014 $9.3M Reduce -0.4%
UPS United Parcel Service Class B 1.26% 73,046 $9.2M Add +9.9%
ULTA Ulta Beauty Inc. 1.19% 20,016 $8.7M Reduce -8.5%
TXRH Texas Roadhouse Inc. 1.13% 45,978 $8.3M Reduce -6.0%
FAST Fastenal Co. 1.03% 105,181 $7.6M Reduce -0.7%
MOH Molina Healthcare Inc. 1.03% 25,904 $7.5M Reduce -4.8%
AXP American Express Co. 0.99% 24,365 $7.2M Reduce -0.0%
GOOG Alphabet Inc. Class C 0.91% 35,005 $6.7M Reduce -0.0%
KNSL Kinsale Capital Group Inc. 0.87% 13,800 $6.4M Add +19.6%
FDS Factset Research Systems Inc. 0.79% 12,072 $5.8M Reduce -1.1%
NKE Nike Inc. Class B 0.63% 61,127 $4.6M Reduce -29.6%
SYK Stryker Corp. 0.62% 12,538 $4.5M Reduce -0.1%
PHM Pultegroup Inc. 0.57% 38,473 $4.2M Reduce -0.2%
VTI VG Morningstar TS MKT ETF-US 0.42% 10,640 $3.1M Add +19.6%
PG The Procter & Gamble Co. 0.38% 16,788 $2.8M No change
BRK.A Berkshire Hathaway Inc. Class A 0.37% 4 $2.7M No change
SCHR Schwab Intermediate-Term US 0.36% 107,727 $2.6M Add +4.4%
VSEC Vse Corp. 0.33% 25,823 $2.5M No change
JPM JPMorgan Chase & Co. 0.27% 8,230 $2.0M No change
LLY Eli Lilly & Co. 0.27% 2,530 $2.0M Reduce -2.3%
SCHB Schwab US Broad Market ETF 0.26% 84,694 $1.9M Reduce -1.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.25% 16,490 $1.8M No change
CVX Chevron Corp. 0.25% 12,633 $1.8M Reduce -0.4%
MRK Merck & Co. Inc. 0.21% 15,471 $1.5M No change
CEG Constellation Energy 0.21% 6,860 $1.5M No change
ABBV Abbvie Inc. 0.19% 7,671 $1.4M Add +0.3%
BN Brookfield Corp. 0.18% 22,567 $1.3M No change
TPL Texas Pacific Land Corp. 0.17% 1,137 $1.3M Reduce -30.5%
HRL Hormel Foods Corp. 0.17% 39,643 $1.2M Reduce -22.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.16% 27,370 $1.2M Reduce -4.4%
WMT Walmart Inc. 0.16% 12,703 $1.1M Reduce -12.2%
MCD McDonald's Corp. 0.14% 3,663 $1.1M No change
BND Vanguard Total Bond Market 0.14% 14,601 $1.0M Add +24.2%
PM Philip Morris International 0.14% 8,560 $1.0M No change
OKE Oneok Inc. 0.14% 10,145 $1.0M Reduce -2.2%
ABT Abbott Laboratories 0.13% 8,558 $968K No change
PSA Public Storage 0.13% 3,147 $942K No change
WEC WEC Energy Group Inc. 0.12% 9,218 $867K No change
XOM Exxon Mobil Corp. 0.12% 8,034 $864K Add +0.3%
TT Trane Technologies PLC 0.11% 2,270 $838K No change
ED Consolidated Edison Inc. 0.11% 8,803 $785K No change
PLD Prologis Inc. 0.10% 7,056 $746K No change
MDLZ Mondelez International Inc. Class A 0.10% 12,363 $738K No change
KO The Coca-Cola Co. 0.10% 11,847 $738K No change
ITW Illinois Tool Works 0.10% 2,896 $734K No change
VIGI Vanguard Int Div App Indx FD 0.09% 8,614 $689K Add +7.0%
COST Costco Wholesale Corp. 0.09% 713 $653K No change
PFE Pfizer Inc. 0.09% 24,111 $640K Reduce -3.1%
HD Home Depot Inc. 0.08% 1,597 $621K Reduce -1.0%
D Dominion Energy Inc. 0.08% 11,408 $614K Reduce -2.6%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.08% 7,874 $605K No change
SCHM Schwab US Mid Cap ETF 0.08% 21,603 $599K Add +2.7%
NSC Norfolk Southern Corp. 0.08% 2,533 $594K No change
SCHA Schwab US Small-Cap ETF 0.08% 22,957 $594K Add +1.5%
PLTR Palantir Technologies Inc. Class A 0.07% 7,000 $529K New
TTE Totalenergies SE -Spon ADR 0.07% 9,675 $527K Reduce -0.5%
PECO Phillips Edison & Company Inc. 0.07% 13,888 $520K Reduce -0.1%
WELL Welltower Inc. 0.07% 4,116 $519K No change
NVDA Nvidia Corp. 0.07% 3,856 $518K Reduce -3.9%
DUK Duke Energy Corp. 0.07% 4,805 $518K Reduce -5.0%
APAM Artisan Partners Asset Ma -A 0.07% 11,475 $494K No change
MO Altria Group Inc. 0.06% 9,113 $477K No change
BHRB Burke & Herbert Financial SE 0.06% 7,092 $442K Reduce -22.7%
USB US Bancorp 0.06% 8,816 $422K No change
BAM Brookfield Asset Mgmt-A 0.05% 7,158 $388K Reduce -7.5%
OTTR Otter Tail Corp. 0.05% 5,000 $369K No change
O Realty Income Corp. 0.05% 6,695 $358K Reduce -4.3%
MFC Manulife Financial Corp. 0.05% 11,585 $356K No change
GLD SPDR Gold Shares 0.05% 1,455 $352K No change
FDX FedEx Corp. 0.04% 1,157 $325K Add +1.0%
NVS Novartis AG-Sponsored ADR 0.04% 3,331 $324K No change
CSW CSW Industrials Inc. 0.04% 897 $316K No change
QQQ Invesco QQQ Trust Series 1 0.04% 605 $309K Add +26.3%
EXC Exelon Corp. 0.04% 7,999 $301K Reduce -3.2%
ISRG Intuitive Surgical Inc. 0.04% 571 $298K Reduce -14.1%
AVGO Broadcom Inc. 0.04% 1,242 $288K Add +3.5%
LHX L3HARRIS Technologies Inc. 0.04% 1,364 $287K Add +1.1%
VIG Vanguard Dividend Apprec ETF 0.04% 1,464 $287K No change
SASR Sandy Spring Bancorp Inc. 0.04% 8,272 $279K No change
YUM Yum! Brands Inc. 0.04% 2,012 $270K No change
BMY Bristol-Myers Squibb Co. 0.04% 4,614 $261K Reduce -14.6%
MKC McCormick & Co.-Non VTG SHRS 0.04% 3,386 $258K No change
OGE Oge Energy Corp. 0.03% 6,000 $248K No change
MAR Marriott International Class A 0.03% 857 $239K Reduce -29.0%
SPGI S&P Global Inc. 0.03% 478 $238K Add +1.7%
BF.B Brown-Forman Corp. Class B 0.03% 6,245 $237K Reduce -6.8%
JNPR Juniper Networks Inc. 0.03% 6,200 $232K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 395 $232K New
UVSP Univest Financial Corp. 0.03% 7,679 $227K No change
MWA Mueller Water Products Inc. Class A 0.03% 9,925 $223K Reduce -38.0%
BP BP PLC-Spons ADR 0.03% 7,263 $215K No change
HON Honeywell International Inc. 0.03% 889 $201K No change
IBDX iShares Ibonds Dec 2032 TC 0.03% 8,156 $200K No change
IBDY iShares Ibonds Dec 2033 Corp. 0.03% 7,953 $200K No change
TSLA Tesla Inc. 0.03% 490 $198K Reduce -23.4%
SCHD Schwab US DVD Equity ETF 0.03% 6,749 $184K Add +4.6%
BAH Booz Allen Hamilton Holdings 0.02% 1,400 $180K No change
FMAO Farmers & Merchants Banco 0.02% 30 $171K No change
VTEB Vanguard Tax-Exempt Bond ETF 0.02% 3,305 $166K Reduce -69.8%
CMCSA Comcast Corp. Class A 0.02% 4,352 $163K No change
MET Metlife Inc. 0.02% 1,961 $161K No change
KMB Kimberly-Clark Corp. 0.02% 1,198 $157K Reduce -29.4%
EW Edwards Lifesciences Corp. 0.02% 1,929 $143K No change
SCHO Schwab Short-Term US Treas 0.00% 1,270 $31K Add +42.7%

Portfolio Sells Q3 2024 → Q4 2024
ORCL Oracle Corp. Reduce -25.9% 1.68% −0.63
GPC Genuine Parts Co. Reduce -6.6% 1.86% −0.51
NKE Nike Inc. Class B Reduce -29.6% 0.63% −0.41
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 13.53% −0.30
MOH Molina Healthcare Inc. Reduce -4.8% 1.03% −0.25
PHM Pultegroup Inc. Reduce -0.2% 0.57% −0.18
SBUX Starbucks Corp. Reduce -4.7% 1.51% −0.18
RTX RTX Corp. Reduce -4.8% 1.64% −0.16
TSCO Tractor Supply Company Reduce -0.5% 1.29% −0.13
VTEB Vanguard Tax-Exempt Bond ETF Reduce -69.8% 0.02% −0.05
HRL Hormel Foods Corp. Reduce -22.0% 0.17% −0.05
LLY Eli Lilly & Co. Reduce -2.3% 0.27% −0.05
TXRH Texas Roadhouse Inc. Reduce -6.0% 1.13% −0.04
TPL Texas Pacific Land Corp. Reduce -30.5% 0.17% −0.03
PCH Potlatchdeltic Corp. Sold out 0.00% −0.02
MWA Mueller Water Products Inc. Class A Reduce -38.0% 0.03% −0.02
BHRB Burke & Herbert Financial SE Reduce -22.7% 0.06% −0.02
TTE Totalenergies SE -Spon ADR Reduce -0.5% 0.07% −0.01
BF.B Brown-Forman Corp. Class B Reduce -6.8% 0.03% −0.01
O Realty Income Corp. Reduce -4.3% 0.05% −0.01
KMB Kimberly-Clark Corp. Reduce -29.4% 0.02% −0.01
PFE Pfizer Inc. Reduce -3.1% 0.09% −0.01
DUK Duke Energy Corp. Reduce -5.0% 0.07% −0.01
D Dominion Energy Inc. Reduce -2.6% 0.08% −0.01
MAR Marriott International Class A Reduce -29.0% 0.03% −0.01
META Meta Platforms Inc. Class A Reduce -3.2% 1.26% −0.01
EXC Exelon Corp. Reduce -3.2% 0.04% −0.00
CVX Chevron Corp. Reduce -0.4% 0.25% −0.00
HD Home Depot Inc. Reduce -1.0% 0.08% −0.00
ISRG Intuitive Surgical Inc. Reduce -14.1% 0.04% −0.00
BMY Bristol-Myers Squibb Co. Reduce -14.6% 0.04% −0.00
WMT Walmart Inc. Reduce -12.2% 0.16% −0.00
SYK Stryker Corp. Reduce -0.1% 0.62% −0.00
PECO Phillips Edison & Company Inc. Reduce -0.1% 0.07% −0.00
BAM Brookfield Asset Mgmt-A Reduce -7.5% 0.05% +0.00
FAST Fastenal Co. Reduce -0.7% 1.03% +0.00
TSLA Tesla Inc. Reduce -23.4% 0.03% +0.00
NVDA Nvidia Corp. Reduce -3.9% 0.07% +0.00
SCHB Schwab US Broad Market ETF Reduce -1.0% 0.26% +0.00
ROST Ross Stores Inc. Reduce -0.3% 1.54% +0.01
BAC Bank of America Corp. Reduce -4.4% 0.16% +0.01
OKE Oneok Inc. Reduce -2.2% 0.14% +0.01
FDS Factset Research Systems Inc. Reduce -1.1% 0.79% +0.03
ULTA Ulta Beauty Inc. Reduce -8.5% 1.19% +0.03
PAYX Paychex Inc. Reduce -0.4% 1.26% +0.05
AXP American Express Co. Reduce -0.0% 0.99% +0.09
TJX TJX Companies Inc. Reduce -0.5% 4.10% +0.11
GOOG Alphabet Inc. Class C Reduce -0.0% 0.91% +0.11
ADP Automatic Data Processing Reduce -0.1% 2.77% +0.16
AAPL Apple Inc. Reduce -1.8% 6.53% +0.36

Portfolio Buys Q3 2024 → Q4 2024
GOOGL Alphabet Inc. Class A Add +0.4% 5.20% +0.68
AMZN Amazon.com Inc. Add +11.2% 2.09% +0.50
V Visa Inc. Class A Add +1.8% 2.89% +0.43
MA Mastercard Inc. Class A Add +0.6% 2.54% +0.18
ACN Accenture PLC Class A Add +13.1% 1.43% +0.16
CPAY Corpay Inc. Add +2.0% 1.52% +0.15
KNSL Kinsale Capital Group Inc. Add +19.6% 0.87% +0.15
VTI VG Morningstar TS MKT ETF-US Add +19.6% 0.42% +0.08
PLTR Palantir Technologies Inc. Class A New 0.07% +0.07
CTSH Cognizant Tech Solutions-A Add +2.2% 2.33% +0.05
SPY SS SPDR S&P 500 ETF Trust-US New 0.03% +0.03
UPS United Parcel Service Class B Add +9.9% 1.26% +0.03
BND Vanguard Total Bond Market Add +24.2% 0.14% +0.02
GNTX Gentex Corp. Add +3.8% 2.58% +0.02
AVGO Broadcom Inc. Add +3.5% 0.04% +0.01
QQQ Invesco QQQ Trust Series 1 Add +26.3% 0.04% +0.01
SCHM Schwab US Mid Cap ETF Add +2.7% 0.08% +0.00
SCHR Schwab Intermediate-Term US Add +4.4% 0.36% +0.00
FDX FedEx Corp. Add +1.0% 0.04% +0.00
SCHA Schwab US Small-Cap ETF Add +1.5% 0.08% +0.00
SCHO Schwab Short-Term US Treas Add +42.7% 0.00% +0.00
SCHD Schwab US DVD Equity ETF Add +4.6% 0.03% +0.00
SPGI S&P Global Inc. Add +1.7% 0.03% −0.00
VIGI Vanguard Int Div App Indx FD Add +7.0% 0.09% −0.00
LHX L3HARRIS Technologies Inc. Add +1.1% 0.04% −0.00
XOM Exxon Mobil Corp. Add +0.3% 0.12% −0.01
ABBV Abbvie Inc. Add +0.3% 0.19% −0.02
MSFT Microsoft Corp. Add +0.8% 3.41% −0.03
GD General Dynamics Corp. Add +10.3% 1.38% −0.05
RMD Resmed Inc. Add +2.0% 1.42% −0.06
PEP Pepsico Inc. Add +7.8% 2.39% −0.08
CNI Canadian Natl Railway Co. Add +8.2% 1.56% −0.10
JNJ Johnson & Johnson Add +2.1% 2.95% −0.28
UNH Unitedhealth Group Inc. Add +2.5% 2.94% −0.36

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