Hendershot Investments Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Hendershot Investments Inc. reported 128 stock positions worth $794.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.5% of the portfolio, followed by Alphabet Class A (GOOGL, 6.3%) and Apple (AAPL, 5.8%). Compared with Q2 2025, it opened 4 new positions, sold out of 5, added to 22 and reduced 32. The biggest buy was Apple (AAPL, shares +11%) and the biggest sale Meta Platforms Class A (META, shares −44%).

Most Recent 13F
Q2 2026
Location
CENTREVILLE, VA
CIK
0001541496
Portfolio Value
$794.4M (Q3 2025)
SEC Filing
0001541496-25-000020 ↗ filed Nov 12, 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 Q2 2025 Q3 2025: $794.4M $794.4M Q3 2025 Q4 2025: $784.5M Q4 2025 Q1 2026: $744.0M Q1 2026 Q2 2026: $765.5M Q2 2026

Holdings 128 stocks · $794.4M
BRK.B Berkshire Hathaway Inc. Class B 13.50% 213,318 $107.2M Reduce -0.8%
GOOGL Alphabet Inc. Class A 6.31% 206,112 $50.1M Reduce -1.3%
AAPL Apple Inc. 5.83% 182,018 $46.3M Add +11.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW 4.59% 252,040 $36.4M Reduce -0.2%
BKNG Booking Holdings Inc. 4.44% 6,527 $35.2M Reduce -0.5%
MSFT Microsoft Corp. 3.98% 60,995 $31.6M Add +0.7%
JNJ Johnson & Johnson 3.77% 161,731 $30.0M Add +0.7%
GD General Dynamics Corp. 2.88% 67,172 $22.9M Reduce -0.0%
V Visa Inc. Class A 2.88% 67,062 $22.9M Add +0.2%
MA Mastercard Inc. Class A 2.61% 36,395 $20.7M Add +0.6%
ADP Automatic Data Processing 2.54% 68,735 $20.2M Add +0.6%
NVDA Nvidia Corp. 2.50% 106,515 $19.9M Reduce -0.1%
PEP Pepsico Inc. 2.16% 122,001 $17.1M Add +2.7%
GPC Genuine Parts Co. 2.15% 123,366 $17.1M Add +0.1%
AMZN Amazon.com Inc. 2.06% 74,383 $16.3M Add +0.3%
CTSH Cognizant Tech Solutions-A 1.95% 230,914 $15.5M Add +1.8%
CPAY Corpay Inc. 1.88% 51,779 $14.9M Add +37.5%
RTX RTX Corp. 1.81% 85,803 $14.4M Reduce -3.2%
GNTX Gentex Corp. 1.73% 486,286 $13.8M Add +7.3%
RMD Resmed Inc. 1.66% 48,037 $13.1M Add +0.6%
ORCL Oracle Corp. 1.61% 45,614 $12.8M Reduce -40.0%
TXRH Texas Roadhouse Inc. 1.51% 72,111 $12.0M Add +13.1%
ROST Ross Stores Inc. 1.49% 77,906 $11.9M Reduce -0.0%
UNH Unitedhealth Group Inc. 1.48% 34,117 $11.8M Reduce -8.0%
ADBE Adobe Inc. 1.43% 32,165 $11.3M Add +42.4%
CNI Canadian Natl Railway Co. 1.32% 111,570 $10.5M Reduce -0.7%
TSCO Tractor Supply Company 1.26% 176,605 $10.0M Reduce -1.4%
FAST Fastenal Co. 1.20% 193,916 $9.5M Reduce -4.0%
ACN Accenture PLC Class A 1.15% 37,124 $9.2M Add +22.1%
GOOG Alphabet Inc. Class C 1.07% 34,855 $8.5M No change
KNSL Kinsale Capital Group Inc. 1.05% 19,614 $8.3M Add +11.8%
AXP American Express Co. 1.00% 23,919 $7.9M Reduce -0.5%
PAYX Paychex Inc. 1.00% 62,556 $7.9M Add +16.9%
META Meta Platforms Inc. Class A 0.82% 8,830 $6.5M Reduce -43.9%
MOH Molina Healthcare Inc. 0.68% 28,119 $5.4M Reduce -4.5%
SYK Stryker Corp. 0.67% 14,292 $5.3M Reduce -0.1%
FDS Factset Research Systems Inc. 0.60% 16,679 $4.8M Add +9.2%
VTI VG Morningstar TS MKT ETF-US 0.51% 12,324 $4.0M Add +0.2%
VSEC Vse Corp. 0.50% 24,055 $4.0M No change
ERIE Erie Indemnity Company Class A 0.45% 11,354 $3.6M New
BRK.A Berkshire Hathaway Inc. Class A 0.38% 4 $3.0M No change
SCHR Schwab Intermediate-Term US 0.37% 116,564 $2.9M Add +4.5%
JPM JPMorgan Chase & Co. 0.32% 7,945 $2.5M No change
PG The Procter & Gamble Co. 0.31% 16,228 $2.5M No change
SCHB Schwab US Broad Market ETF 0.27% 84,061 $2.2M Reduce -2.0%
CVX Chevron Corp. 0.25% 12,658 $2.0M No change
LLY Eli Lilly & Co. 0.24% 2,540 $1.9M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.24% 16,490 $1.9M No change
CEG Constellation Energy 0.24% 5,721 $1.9M No change
ABBV Abbvie Inc. 0.22% 7,699 $1.8M No change
BN Brookfield Corp. 0.19% 22,086 $1.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.18% 27,370 $1.4M No change
WMT Walmart Inc. 0.16% 12,201 $1.3M Reduce -6.4%
MRK Merck & Co. Inc. 0.15% 14,302 $1.2M No change
MCD McDonald's Corp. 0.14% 3,703 $1.1M No change
PM Philip Morris International 0.14% 6,865 $1.1M Reduce -14.1%
ABT Abbott Laboratories 0.14% 8,134 $1.1M No change
TPL Texas Pacific Land Corp. 0.13% 1,137 $1.1M No change
WEC WEC Energy Group Inc. 0.13% 9,218 $1.1M No change
BND Vanguard Total Bond Market 0.13% 13,880 $1.0M Add +0.1%
TT Trane Technologies PLC 0.12% 2,194 $926K Reduce -3.4%
XOM Exxon Mobil Corp. 0.12% 8,130 $917K No change
ED Consolidated Edison Inc. 0.11% 8,578 $862K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.11% 7,874 $858K No change
PSA Public Storage 0.10% 2,765 $799K Reduce -1.3%
KO The Coca-Cola Co. 0.10% 11,947 $792K No change
VIGI Vanguard Int Div App Indx FD 0.10% 8,835 $791K Reduce -1.0%
OKE Oneok Inc. 0.10% 10,804 $788K No change
ITW Illinois Tool Works 0.10% 3,015 $786K No change
NSC Norfolk Southern Corp. 0.09% 2,480 $745K No change
MDLZ Mondelez International Inc. Class A 0.09% 11,910 $744K No change
PLD Prologis Inc. 0.09% 6,260 $717K No change
D Dominion Energy Inc. 0.09% 11,433 $699K No change
SCHA Schwab US Small-Cap ETF 0.09% 24,289 $678K Reduce -1.2%
DUK Duke Energy Corp. 0.08% 5,444 $674K No change
SCHM Schwab US Mid Cap ETF 0.08% 22,559 $669K Reduce -0.4%
COST Costco Wholesale Corp. 0.08% 697 $645K No change
PLTR Palantir Technologies Inc. Class A 0.08% 3,500 $638K Reduce -41.7%
HD Home Depot Inc. 0.08% 1,510 $612K Reduce -5.5%
WELL Welltower Inc. 0.07% 3,246 $578K No change
GLD SPDR Gold Shares 0.07% 1,595 $567K Reduce -6.5%
PFE Pfizer Inc. 0.07% 21,167 $539K Reduce -7.8%
APAM Artisan Partners Asset Ma -A 0.06% 11,475 $498K No change
MO Altria Group Inc. 0.06% 7,522 $497K Reduce -16.1%
TTE Totalenergies SE -Spon ADR 0.06% 7,945 $474K No change
LHX L3HARRIS Technologies Inc. 0.06% 1,468 $448K No change
NVS Novartis AG-Sponsored ADR 0.05% 3,331 $427K No change
USB US Bancorp 0.05% 8,716 $421K No change
OTTR Otter Tail Corp. 0.05% 5,000 $410K No change
BAM Brookfield Asset Mgmt-A 0.05% 7,158 $408K No change
PECO Phillips Edison & Company Inc. 0.05% 11,021 $378K No change
QQQ Invesco QQQ Trust Series 1 0.05% 605 $363K No change
AVGO Broadcom Inc. 0.04% 1,068 $352K Reduce -4.7%
EXC Exelon Corp. 0.04% 7,799 $351K No change
XLK SS Technology Select Sector 0.04% 1,242 $350K No change
O Realty Income Corp. 0.04% 5,675 $345K No change
VIG Vanguard Dividend Apprec ETF 0.04% 1,479 $319K No change
YUM Yum! Brands Inc. 0.04% 2,012 $306K No change
FDX FedEx Corp. 0.04% 1,207 $285K No change
GLW Corning Inc. 0.04% 3,443 $282K New
TSLA Tesla Inc. 0.04% 630 $280K No change
OGE Oge Energy Corp. 0.03% 6,000 $278K No change
UNP Union Pacific Corp. 0.03% 1,114 $263K No change
SPY SS SPDR S&P 500 ETF Trust-US 0.03% 395 $263K No change
AUB Atlantic Union Bankshares Co. 0.03% 7,444 $263K No change
SMH Vaneck Semiconductor ETF 0.03% 800 $261K No change
MWA Mueller Water Products Inc. Class A 0.03% 9,925 $253K No change
SPGI S&P Global Inc. 0.03% 478 $233K Reduce -9.3%
GS Goldman Sachs Group Inc. 0.03% 290 $231K No change
UVSP Univest Financial Corp. 0.03% 7,679 $231K No change
MKC McCormick & Co.-Non VTG SHRS 0.03% 3,386 $227K No change
CSW CSW Industrials Inc. 0.03% 897 $218K No change
IWP iShares Russell Mid-Cap Grow 0.03% 1,522 $217K No change
FMAO Farmers & Merchants Banco 0.03% 30 $214K No change
IBDX iShares Ibonds Dec 2032 TC 0.03% 8,156 $209K No change
IBDY iShares Ibonds Dec 2033 Corp. 0.03% 7,953 $209K No change
IAU iShares Gold Trust 0.03% 2,850 $207K New
SCHW Schwab (charles) Corp. 0.03% 2,165 $207K New
MTG Mgic Investment Corp. 0.03% 7,232 $205K No change
HON Honeywell International Inc. 0.02% 941 $198K No change
MFC Manulife Financial Corp. 0.02% 5,960 $186K No change
SCHD Schwab US DVD Equity ETF 0.02% 6,749 $184K No change
ISRG Intuitive Surgical Inc. 0.02% 401 $179K No change
MAR Marriott International Class A 0.02% 657 $171K No change
EW Edwards Lifesciences Corp. 0.02% 1,929 $150K No change
KMB Kimberly-Clark Corp. 0.02% 1,198 $149K No change
BAH Booz Allen Hamilton Holdings 0.02% 1,400 $140K No change
CMCSA Comcast Corp. Class A 0.02% 4,352 $137K No change

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Reduce -43.9% 0.82% −0.74
UPS United Parcel Service Class B Sold out 0.00% −0.74
BKNG Booking Holdings Inc. Reduce -0.5% 4.44% −0.64
ORCL Oracle Corp. Reduce -40.0% 1.61% −0.61
MOH Molina Healthcare Inc. Reduce -4.5% 0.68% −0.49
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 13.50% −0.45
CNI Canadian Natl Railway Co. Reduce -0.7% 1.32% −0.24
HRL Hormel Foods Corp. Sold out 0.00% −0.14
SYK Stryker Corp. Reduce -0.1% 0.67% −0.09
UNH Unitedhealth Group Inc. Reduce -8.0% 1.48% −0.06
PM Philip Morris International Reduce -14.1% 0.14% −0.05
JNPR Juniper Networks Inc. Sold out 0.00% −0.03
PLTR Palantir Technologies Inc. Class A Reduce -41.7% 0.08% −0.03
BF.B Brown-Forman Corp. Class B Sold out 0.00% −0.03
AXP American Express Co. Reduce -0.5% 1.00% −0.02
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.02
TT Trane Technologies PLC Reduce -3.4% 0.12% −0.02
WMT Walmart Inc. Reduce -6.4% 0.16% −0.01
PSA Public Storage Reduce -1.3% 0.10% −0.01
SPGI S&P Global Inc. Reduce -9.3% 0.03% −0.01
VIGI Vanguard Int Div App Indx FD Reduce -1.0% 0.10% −0.01
MO Altria Group Inc. Reduce -16.1% 0.06% −0.01
PFE Pfizer Inc. Reduce -7.8% 0.07% −0.01
HD Home Depot Inc. Reduce -5.5% 0.08% −0.00
SCHB Schwab US Broad Market ETF Reduce -2.0% 0.27% −0.00
SCHM Schwab US Mid Cap ETF Reduce -0.4% 0.08% −0.00
TSCO Tractor Supply Company Reduce -1.4% 1.26% +0.00
GLD SPDR Gold Shares Reduce -6.5% 0.07% +0.00
SCHA Schwab US Small-Cap ETF Reduce -1.2% 0.09% +0.00
AVGO Broadcom Inc. Reduce -4.7% 0.04% +0.00
FAST Fastenal Co. Reduce -4.0% 1.20% +0.06
RTX RTX Corp. Reduce -3.2% 1.81% +0.08
ROST Ross Stores Inc. Reduce -0.0% 1.49% +0.17
NVDA Nvidia Corp. Reduce -0.1% 2.50% +0.25
GD General Dynamics Corp. Reduce -0.0% 2.88% +0.27
TJX TJX Companies Inc. Reduce -0.2% 4.59% +0.42
GOOGL Alphabet Inc. Class A Reduce -1.3% 6.31% +1.39

Portfolio Buys Q2 2025 → Q3 2025
AAPL Apple Inc. Add +11.4% 5.83% +1.36
JNJ Johnson & Johnson Add +0.7% 3.77% +0.50
ERIE Erie Indemnity Company Class A New 0.45% +0.45
GNTX Gentex Corp. Add +7.3% 1.73% +0.40
ADBE Adobe Inc. Add +42.4% 1.43% +0.26
CPAY Corpay Inc. Add +37.5% 1.88% +0.21
GPC Genuine Parts Co. Add +0.1% 2.15% +0.16
PEP Pepsico Inc. Add +2.7% 2.16% +0.06
GLW Corning Inc. New 0.04% +0.04
IAU iShares Gold Trust New 0.03% +0.03
SCHW Schwab (charles) Corp. New 0.03% +0.03
VTI VG Morningstar TS MKT ETF-US Add +0.2% 0.51% +0.01
RMD Resmed Inc. Add +0.6% 1.66% +0.01
SCHR Schwab Intermediate-Term US Add +4.5% 0.37% −0.00
BND Vanguard Total Bond Market Add +0.1% 0.13% −0.01
PAYX Paychex Inc. Add +16.9% 1.00% −0.04
MSFT Microsoft Corp. Add +0.7% 3.98% −0.05
ACN Accenture PLC Class A Add +22.1% 1.15% −0.06
KNSL Kinsale Capital Group Inc. Add +11.8% 1.05% −0.08
TXRH Texas Roadhouse Inc. Add +13.1% 1.51% −0.09
MA Mastercard Inc. Class A Add +0.6% 2.61% −0.11
AMZN Amazon.com Inc. Add +0.3% 2.06% −0.12
ADP Automatic Data Processing Add +0.6% 2.54% −0.28
V Visa Inc. Class A Add +0.2% 2.88% −0.29
FDS Factset Research Systems Inc. Add +9.2% 0.60% −0.31
CTSH Cognizant Tech Solutions-A Add +1.8% 1.95% −0.42

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