Hendershot Investments Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Hendershot Investments Inc. reported 129 stock positions worth $748.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 14.0% of the portfolio, followed by Booking (BKNG, 5.1%) and Alphabet Class A (GOOGL, 4.9%). Compared with Q1 2025, it opened 6 new positions, sold out of 6, added to 35 and reduced 46. The biggest buy was Nvidia (NVDA, shares +113%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −2%).

Most Recent 13F
Q2 2026
Location
CENTREVILLE, VA
CIK
0001541496
Portfolio Value
$748.4M (Q2 2025)
SEC Filing
0001541496-25-000013 ↗ filed Aug 13, 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 Q4 2024 Q1 2025: $734.7M Q1 2025 Q2 2025: $748.4M $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 129 stocks · $748.4M
BRK.B Berkshire Hathaway Inc. Class B 13.95% 214,939 $104.4M Reduce -1.6%
BKNG Booking Holdings Inc. 5.08% 6,561 $38.0M Reduce -0.1%
GOOGL Alphabet Inc. Class A 4.91% 208,711 $36.8M Add +1.5%
AAPL Apple Inc. 4.48% 163,368 $33.5M Reduce -2.3%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.17% 252,628 $31.2M Add +0.5%
MSFT Microsoft Corp. 4.03% 60,569 $30.1M Add +0.9%
JNJ Johnson & Johnson 3.28% 160,690 $24.5M Add +3.4%
V Visa Inc. Class A 3.18% 66,927 $23.8M Reduce -0.3%
ADP Automatic Data Processing 2.81% 68,300 $21.1M Reduce -0.4%
MA Mastercard Inc. Class A 2.72% 36,179 $20.3M Add +1.7%
GD General Dynamics Corp. 2.62% 67,178 $19.6M Add +6.2%
CTSH Cognizant Tech Solutions-A 2.37% 226,953 $17.7M Add +1.5%
NVDA Nvidia Corp. 2.25% 106,587 $16.8M Add +112.7%
ORCL Oracle Corp. 2.22% 76,088 $16.6M Add +5.2%
AMZN Amazon.com Inc. 2.17% 74,166 $16.3M Add +3.3%
PEP Pepsico Inc. 2.10% 118,821 $15.7M Reduce -1.7%
GPC Genuine Parts Co. 2.00% 123,198 $14.9M Add +0.8%
RTX RTX Corp. 1.73% 88,647 $12.9M Reduce -13.6%
CPAY Corpay Inc. 1.67% 37,651 $12.5M Add +11.8%
RMD Resmed Inc. 1.65% 47,775 $12.3M Add +2.0%
TXRH Texas Roadhouse Inc. 1.60% 63,740 $11.9M Add +3.2%
CNI Canadian Natl Railway Co. 1.56% 112,355 $11.7M Add +20.5%
META Meta Platforms Inc. Class A 1.55% 15,752 $11.6M Add +0.9%
UNH Unitedhealth Group Inc. 1.55% 37,066 $11.6M Reduce -17.3%
GNTX Gentex Corp. 1.33% 452,996 $10.0M Reduce -24.3%
ROST Ross Stores Inc. 1.33% 77,918 $9.9M Add +4.4%
TSCO Tractor Supply Company 1.26% 179,100 $9.5M Add +0.7%
ACN Accenture PLC Class A 1.21% 30,402 $9.1M Add +2.0%
MOH Molina Healthcare Inc. 1.17% 29,450 $8.8M Add +8.5%
ADBE Adobe Inc. 1.17% 22,590 $8.7M Add +35.8%
KNSL Kinsale Capital Group Inc. 1.13% 17,550 $8.5M Add +12.4%
FAST Fastenal Co. 1.13% 202,111 $8.5M Reduce -1.3%
PAYX Paychex Inc. 1.04% 53,507 $7.8M Reduce -18.6%
AXP American Express Co. 1.02% 24,029 $7.7M Reduce -1.4%
FDS Factset Research Systems Inc. 0.91% 15,280 $6.8M Add +26.2%
GOOG Alphabet Inc. Class C 0.83% 34,855 $6.2M Reduce -0.2%
SYK Stryker Corp. 0.76% 14,307 $5.7M Add +7.8%
UPS United Parcel Service Class B 0.74% 54,507 $5.5M Reduce -11.0%
VTI VG Morningstar TS MKT ETF-US 0.50% 12,295 $3.7M No change
VSEC Vse Corp. 0.42% 24,055 $3.2M No change
BRK.A Berkshire Hathaway Inc. Class A 0.39% 4 $2.9M No change
SCHR Schwab Intermediate-Term US 0.37% 111,598 $2.8M Add +0.6%
PG The Procter & Gamble Co. 0.35% 16,228 $2.6M Reduce -4.1%
JPM JPMorgan Chase & Co. 0.31% 7,945 $2.3M Reduce -6.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.27% 16,490 $2.0M No change
SCHB Schwab US Broad Market ETF 0.27% 85,750 $2.0M Add +2.0%
LLY Eli Lilly & Co. 0.26% 2,540 $2.0M Reduce -7.9%
CEG Constellation Energy 0.25% 5,721 $1.8M Reduce -5.0%
CVX Chevron Corp. 0.24% 12,658 $1.8M Add +1.4%
PM Philip Morris International 0.19% 7,994 $1.5M Reduce -4.5%
ABBV Abbvie Inc. 0.19% 7,699 $1.4M No change
BN Brookfield Corp. 0.18% 22,086 $1.4M Reduce -0.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.17% 27,370 $1.3M No change
WMT Walmart Inc. 0.17% 13,033 $1.3M Add +1.1%
TPL Texas Pacific Land Corp. 0.16% 1,137 $1.2M No change
MRK Merck & Co. Inc. 0.15% 14,302 $1.1M Reduce -1.9%
ABT Abbott Laboratories 0.15% 8,134 $1.1M Reduce -6.3%
MCD McDonald's Corp. 0.14% 3,703 $1.1M No change
HRL Hormel Foods Corp. 0.14% 34,026 $1.0M Reduce -10.4%
BND Vanguard Total Bond Market 0.14% 13,870 $1.0M Reduce -3.2%
TT Trane Technologies PLC 0.13% 2,270 $993K No change
WEC WEC Energy Group Inc. 0.13% 9,218 $961K Reduce -1.6%
OKE Oneok Inc. 0.12% 10,804 $882K Add +6.5%
XOM Exxon Mobil Corp. 0.12% 8,130 $876K Reduce -0.8%
ED Consolidated Edison Inc. 0.12% 8,578 $861K Reduce -1.4%
KO The Coca-Cola Co. 0.11% 11,947 $845K No change
PSA Public Storage 0.11% 2,801 $822K No change
PLTR Palantir Technologies Inc. Class A 0.11% 6,000 $818K No change
VIGI Vanguard Int Div App Indx FD 0.11% 8,923 $804K Add +1.7%
MDLZ Mondelez International Inc. Class A 0.11% 11,910 $803K Reduce -1.0%
ITW Illinois Tool Works 0.10% 3,015 $745K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.10% 7,874 $717K No change
COST Costco Wholesale Corp. 0.09% 697 $690K Reduce -6.7%
PLD Prologis Inc. 0.09% 6,260 $658K Reduce -1.0%
D Dominion Energy Inc. 0.09% 11,433 $646K Reduce -1.3%
DUK Duke Energy Corp. 0.09% 5,444 $642K Add +13.1%
SCHM Schwab US Mid Cap ETF 0.08% 22,653 $635K Add +3.2%
NSC Norfolk Southern Corp. 0.08% 2,480 $635K No change
SCHA Schwab US Small-Cap ETF 0.08% 24,575 $622K Add +3.9%
HD Home Depot Inc. 0.08% 1,597 $586K No change
PFE Pfizer Inc. 0.07% 22,962 $557K Reduce -6.4%
MO Altria Group Inc. 0.07% 8,961 $525K Reduce -1.0%
GLD SPDR Gold Shares 0.07% 1,705 $520K No change
APAM Artisan Partners Asset Ma -A 0.07% 11,475 $509K No change
WELL Welltower Inc. 0.07% 3,246 $499K Reduce -20.3%
TTE Totalenergies SE -Spon ADR 0.07% 7,945 $488K Reduce -17.9%
NVS Novartis AG-Sponsored ADR 0.05% 3,331 $403K No change
BAM Brookfield Asset Mgmt-A 0.05% 7,158 $396K No change
USB US Bancorp 0.05% 8,716 $394K Reduce -1.1%
PECO Phillips Edison & Company Inc. 0.05% 11,021 $386K No change
OTTR Otter Tail Corp. 0.05% 5,000 $385K No change
LHX L3HARRIS Technologies Inc. 0.05% 1,468 $368K Reduce -6.4%
EXC Exelon Corp. 0.05% 7,799 $339K Reduce -2.5%
QQQ Invesco QQQ Trust Series 1 0.04% 605 $334K No change
O Realty Income Corp. 0.04% 5,675 $327K No change
XLK SS Technology Select Sector 0.04% 1,242 $315K No change
AVGO Broadcom Inc. 0.04% 1,121 $309K Reduce -8.3%
VIG Vanguard Dividend Apprec ETF 0.04% 1,479 $303K Add +1.0%
YUM Yum! Brands Inc. 0.04% 2,012 $298K No change
SPGI S&P Global Inc. 0.04% 527 $278K No change
FDX FedEx Corp. 0.04% 1,207 $274K No change
OGE Oge Energy Corp. 0.04% 6,000 $266K No change
CSW CSW Industrials Inc. 0.03% 897 $257K No change
MKC McCormick & Co.-Non VTG SHRS 0.03% 3,386 $257K No change
UNP Union Pacific Corp. 0.03% 1,114 $256K New
JNPR Juniper Networks Inc. 0.03% 6,200 $248K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 395 $244K Reduce -11.2%
MWA Mueller Water Products Inc. Class A 0.03% 9,925 $239K No change
AUB Atlantic Union Bankshares Co. 0.03% 7,444 $233K New
UVSP Univest Financial Corp. 0.03% 7,679 $231K No change
SMH Vaneck Semiconductor ETF 0.03% 800 $223K New
HON Honeywell International Inc. 0.03% 941 $219K Reduce -3.3%
ISRG Intuitive Surgical Inc. 0.03% 401 $218K Reduce -29.8%
IWP iShares Russell Mid-Cap Grow 0.03% 1,522 $211K New
IBDX iShares Ibonds Dec 2032 TC 0.03% 8,156 $206K No change
IBDY iShares Ibonds Dec 2033 Corp. 0.03% 7,953 $206K No change
GS Goldman Sachs Group Inc. 0.03% 290 $205K New
MTG Mgic Investment Corp. 0.03% 7,232 $201K New
TSLA Tesla Inc. 0.03% 630 $200K Add +22.1%
MFC Manulife Financial Corp. 0.03% 5,960 $190K Reduce -20.1%
BF.B Brown-Forman Corp. Class B 0.03% 6,939 $187K Reduce -1.4%
MAR Marriott International Class A 0.02% 657 $179K Reduce -23.3%
SCHD Schwab US DVD Equity ETF 0.02% 6,749 $179K No change
FMAO Farmers & Merchants Banco 0.02% 30 $166K No change
BMY Bristol-Myers Squibb Co. 0.02% 3,364 $156K Reduce -22.9%
CMCSA Comcast Corp. Class A 0.02% 4,352 $155K No change
KMB Kimberly-Clark Corp. 0.02% 1,198 $154K No change
EW Edwards Lifesciences Corp. 0.02% 1,929 $151K No change
BAH Booz Allen Hamilton Holdings 0.02% 1,400 $146K No change

Portfolio Sells Q1 2025 → Q2 2025
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.6% 13.95% −1.89
UNH Unitedhealth Group Inc. Reduce -17.3% 1.55% −1.65
ULTA Ulta Beauty Inc. Sold out 0.00% −0.98
AAPL Apple Inc. Reduce -2.3% 4.48% −0.58
GNTX Gentex Corp. Reduce -24.3% 1.33% −0.57
PHM Pultegroup Inc. Sold out 0.00% −0.53
PEP Pepsico Inc. Reduce -1.7% 2.10% −0.37
PAYX Paychex Inc. Reduce -18.6% 1.04% −0.34
UPS United Parcel Service Class B Reduce -11.0% 0.74% −0.18
RTX RTX Corp. Reduce -13.6% 1.73% −0.12
PG The Procter & Gamble Co. Reduce -4.1% 0.35% −0.05
LLY Eli Lilly & Co. Reduce -7.9% 0.26% −0.05
ADP Automatic Data Processing Reduce -0.4% 2.81% −0.04
SASR Sandy Spring Bancorp Inc. Sold out 0.00% −0.03
V Visa Inc. Class A Reduce -0.3% 3.18% −0.03
BHRB Burke & Herbert Financial SE Sold out 0.00% −0.03
MRK Merck & Co. Inc. Reduce -1.9% 0.15% −0.03
BP BP PLC-Spons ADR Sold out 0.00% −0.03
HRL Hormel Foods Corp. Reduce -10.4% 0.14% −0.02
VTEB Vanguard Tax-Exempt Bond ETF Sold out 0.00% −0.02
TTE Totalenergies SE -Spon ADR Reduce -17.9% 0.07% −0.02
WELL Welltower Inc. Reduce -20.3% 0.07% −0.02
ED Consolidated Edison Inc. Reduce -1.4% 0.12% −0.02
XOM Exxon Mobil Corp. Reduce -0.8% 0.12% −0.02
BMY Bristol-Myers Squibb Co. Reduce -22.9% 0.02% −0.02
WEC WEC Energy Group Inc. Reduce -1.6% 0.13% −0.01
PFE Pfizer Inc. Reduce -6.4% 0.07% −0.01
ISRG Intuitive Surgical Inc. Reduce -29.8% 0.03% −0.01
ABT Abbott Laboratories Reduce -6.3% 0.15% −0.01
PLD Prologis Inc. Reduce -1.0% 0.09% −0.01
BF.B Brown-Forman Corp. Class B Reduce -1.4% 0.03% −0.01
BND Vanguard Total Bond Market Reduce -3.2% 0.14% −0.01
MFC Manulife Financial Corp. Reduce -20.1% 0.03% −0.01
EXC Exelon Corp. Reduce -2.5% 0.05% −0.00
COST Costco Wholesale Corp. Reduce -6.7% 0.09% −0.00
MAR Marriott International Class A Reduce -23.3% 0.02% −0.00
MDLZ Mondelez International Inc. Class A Reduce -1.0% 0.11% −0.00
MO Altria Group Inc. Reduce -1.0% 0.07% −0.00
D Dominion Energy Inc. Reduce -1.3% 0.09% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -11.2% 0.03% −0.00
HON Honeywell International Inc. Reduce -3.3% 0.03% +0.00
USB US Bancorp Reduce -1.1% 0.05% +0.00
LHX L3HARRIS Technologies Inc. Reduce -6.4% 0.05% +0.00
AVGO Broadcom Inc. Reduce -8.3% 0.04% +0.01
PM Philip Morris International Reduce -4.5% 0.19% +0.01
JPM JPMorgan Chase & Co. Reduce -6.6% 0.31% +0.02
BN Brookfield Corp. Reduce -0.5% 0.18% +0.02
FAST Fastenal Co. Reduce -1.3% 1.13% +0.05
CEG Constellation Energy Reduce -5.0% 0.25% +0.08
GOOG Alphabet Inc. Class C Reduce -0.2% 0.83% +0.08

Portfolio Buys Q1 2025 → Q2 2025
NVDA Nvidia Corp. Add +112.7% 2.25% +1.51
MSFT Microsoft Corp. Add +0.9% 4.03% +0.96
ORCL Oracle Corp. Add +5.2% 2.22% +0.85
GOOGL Alphabet Inc. Class A Add +1.5% 4.91% +0.59
META Meta Platforms Inc. Class A Add +0.9% 1.55% +0.33
CNI Canadian Natl Railway Co. Add +20.5% 1.56% +0.32
AMZN Amazon.com Inc. Add +3.3% 2.17% +0.31
ADBE Adobe Inc. Add +35.8% 1.17% +0.30
GD General Dynamics Corp. Add +6.2% 2.62% +0.27
RMD Resmed Inc. Add +2.0% 1.65% +0.22
TXRH Texas Roadhouse Inc. Add +3.2% 1.60% +0.19
FDS Factset Research Systems Inc. Add +26.2% 0.91% +0.16
KNSL Kinsale Capital Group Inc. Add +12.4% 1.13% +0.10
SYK Stryker Corp. Add +7.8% 0.76% +0.08
CPAY Corpay Inc. Add +11.8% 1.67% +0.07
MA Mastercard Inc. Class A Add +1.7% 2.72% +0.06
CTSH Cognizant Tech Solutions-A Add +1.5% 2.37% +0.04
UNP Union Pacific Corp. New 0.03% +0.03
AUB Atlantic Union Bankshares Co. New 0.03% +0.03
ROST Ross Stores Inc. Add +4.4% 1.33% +0.03
SMH Vaneck Semiconductor ETF New 0.03% +0.03
IWP iShares Russell Mid-Cap Grow New 0.03% +0.03
GS Goldman Sachs Group Inc. New 0.03% +0.03
MTG Mgic Investment Corp. New 0.03% +0.03
SCHB Schwab US Broad Market ETF Add +2.0% 0.27% +0.03
WMT Walmart Inc. Add +1.1% 0.17% +0.02
GPC Genuine Parts Co. Add +0.8% 2.00% +0.01
TSLA Tesla Inc. Add +22.1% 0.03% +0.01
VIGI Vanguard Int Div App Indx FD Add +1.7% 0.11% +0.01
SCHA Schwab US Small-Cap ETF Add +3.9% 0.08% +0.01
SCHM Schwab US Mid Cap ETF Add +3.2% 0.08% +0.01
DUK Duke Energy Corp. Add +13.1% 0.09% +0.01
VIG Vanguard Dividend Apprec ETF Add +1.0% 0.04% +0.00
TJX TJX Companies Inc. Add +0.5% 4.17% +0.00
SCHR Schwab Intermediate-Term US Add +0.6% 0.37% −0.00
OKE Oneok Inc. Add +6.5% 0.12% −0.02
CVX Chevron Corp. Add +1.4% 0.24% −0.04
MOH Molina Healthcare Inc. Add +8.5% 1.17% −0.04
ACN Accenture PLC Class A Add +2.0% 1.21% −0.05
TSCO Tractor Supply Company Add +0.7% 1.26% −0.07
JNJ Johnson & Johnson Add +3.4% 3.28% −0.23

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