Hendley & Co. Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 29, 2025), Hendley & Co. Inc. reported 51 stock positions worth $286.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.1% of the portfolio, followed by Visa Class A (V, 9.2%) and Microsoft (MSFT, 6.4%). Compared with Q4 2024, it opened 3 new positions, sold out of 9, added to 19 and reduced 24. The biggest buy was a new position in Martin Marietta Materials (MLM) and the biggest sale Air Products & Chemicals (APD, shares −63%).
- Most Recent 13F
- Q2 2026
- Location
- ZANESVILLE, OH
- CIK
- 0001084207
- Portfolio Value
- $286.0M (Q1 2025)
- SEC Filing
- 0001084207-25-000002 ↗ filed Apr 29, 2025
Holdings Value
Holdings 51 stocks · $286.0M
| BRK.B Berkshire Hathaway Inc. Class B | 11.10% | 59,609 | $31.7M | Reduce -0.4% |
| V Visa Inc. Class A | 9.15% | 74,721 | $26.2M | Reduce -0.2% |
| MSFT Microsoft Corp. | 6.41% | 48,856 | $18.3M | Reduce -0.3% |
| AAPL Apple Inc. | 5.33% | 68,597 | $15.2M | Reduce -2.8% |
| ABT Abbott Laboratories | 4.84% | 104,410 | $13.8M | Reduce -0.3% |
| APH Amphenol Corp. Class A | 3.62% | 157,760 | $10.3M | Add +20.5% |
| PH Parker Hannifin Corp. | 3.42% | 16,100 | $9.8M | Add +54.1% |
| CVX Chevron Corp. | 3.18% | 54,318 | $9.1M | Reduce -11.4% |
| UNP Union Pacific Corp. | 3.17% | 38,352 | $9.1M | Reduce -0.4% |
| PG The Procter & Gamble Co. | 2.94% | 49,358 | $8.4M | Add +0.5% |
| COP Conocophillips | 2.85% | 77,538 | $8.1M | Reduce -3.1% |
| PEP Pepsico Inc. | 2.80% | 53,480 | $8.0M | Reduce -0.5% |
| WPM Wheaton Precious Metals Corp. | 2.45% | 90,305 | $7.0M | Add +0.6% |
| EOG EOG Resources Inc. | 2.42% | 53,996 | $6.9M | Reduce -29.8% |
| AMZN Amazon.com Inc. | 2.35% | 35,275 | $6.7M | Add +78.2% |
| ETN Eaton Corp. PLC | 2.30% | 24,238 | $6.6M | Add +57.2% |
| AZN Astrazeneca PLC-Spons ADR | 1.88% | 73,040 | $5.4M | Add +56.1% |
| JNJ Johnson & Johnson | 1.75% | 30,132 | $5.0M | Reduce -49.3% |
| ORCL Oracle Corp. | 1.60% | 32,739 | $4.6M | Add +8.6% |
| ADBE Adobe Inc. | 1.59% | 11,877 | $4.6M | Add +1.7% |
| HSY The Hershey Co. | 1.59% | 26,603 | $4.5M | Reduce -17.8% |
| AMAT Applied Materials Inc. | 1.58% | 31,241 | $4.5M | Reduce -0.4% |
| AZO AutoZone Inc. | 1.55% | 1,165 | $4.4M | Reduce -12.5% |
| AEP American Electric Power | 1.55% | 40,533 | $4.4M | Add +3.4% |
| EXPD Expeditors Intl Wash Inc. | 1.53% | 36,445 | $4.4M | Add +1.1% |
| HON Honeywell International Inc. | 1.46% | 19,685 | $4.2M | Reduce -0.3% |
| ACGL Arch Capital Group Ltd. | 1.44% | 42,758 | $4.1M | Reduce -0.4% |
| GD General Dynamics Corp. | 1.34% | 14,104 | $3.8M | Add +0.4% |
| RS Reliance Inc. | 1.34% | 13,232 | $3.8M | Add +0.2% |
| MLM Martin Marietta Materials | 1.21% | 7,230 | $3.5M | New |
| SYK Stryker Corp. | 1.14% | 8,744 | $3.3M | Add +0.6% |
| COST Costco Wholesale Corp. | 1.07% | 3,243 | $3.1M | Reduce -0.5% |
| APD Air Products & Chemicals Inc. | 1.07% | 10,333 | $3.0M | Reduce -63.5% |
| NVDA Nvidia Corp. | 1.04% | 27,477 | $3.0M | Add +81.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.96% | 30,003 | $2.8M | Reduce -1.6% |
| BF.B Brown-Forman Corp. Class B | 0.90% | 75,558 | $2.6M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.78% | 18,742 | $2.2M | Reduce -5.8% |
| PM Philip Morris International | 0.77% | 13,825 | $2.2M | Add +6.1% |
| GLW Corning Inc. | 0.43% | 26,616 | $1.2M | Reduce -1.7% |
| AXP American Express Co. | 0.28% | 3,015 | $811K | Add +2.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.28% | 1 | $798K | No change |
| KO The Coca-Cola Co. | 0.27% | 10,876 | $779K | Reduce -29.5% |
| PSX Phillips 66 | 0.25% | 5,835 | $721K | Reduce -61.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.20% | 4,745 | $578K | Add +28.4% |
| AMGN Amgen Inc. | 0.17% | 1,529 | $476K | No change |
| GOOGL Alphabet Inc. Class A | 0.17% | 3,070 | $475K | Add +19.5% |
| JPM JPMorgan Chase & Co. | 0.13% | 1,500 | $368K | New |
| CL Colgate-Palmolive Co. | 0.12% | 3,735 | $350K | No change |
| CB Chubb Ltd. | 0.10% | 925 | $279K | No change |
| HD Home Depot Inc. | 0.08% | 590 | $216K | No change |
| BDX Becton Dickinson and Co. | 0.07% | 890 | $204K | New |
Portfolio Sells Q4 2024 → Q1 2025
| APD Air Products & Chemicals Inc. | Reduce -63.5% | 1.07% | −1.81 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −1.28 |
| JNJ Johnson & Johnson | Reduce -49.3% | 1.75% | −1.27 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.89 |
| EOG EOG Resources Inc. | Reduce -29.8% | 2.42% | −0.89 |
| AAPL Apple Inc. | Reduce -2.8% | 5.33% | −0.87 |
| MSFT Microsoft Corp. | Reduce -0.3% | 6.41% | −0.83 |
| PSX Phillips 66 | Reduce -61.8% | 0.25% | −0.36 |
| HSY The Hershey Co. | Reduce -17.8% | 1.59% | −0.33 |
| TROW T Rowe Price Group Inc. | Reduce -1.6% | 0.96% | −0.25 |
| AMAT Applied Materials Inc. | Reduce -0.4% | 1.58% | −0.20 |
| NSRGY Nestle SA-Spons ADR | Sold out | 0.00% | −0.20 |
| BF.B Brown-Forman Corp. Class B | Reduce -2.5% | 0.90% | −0.14 |
| CSX CSX Corp. | Sold out | 0.00% | −0.12 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −0.12 |
| HON Honeywell International Inc. | Reduce -0.3% | 1.46% | −0.11 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.08 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.07 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −0.07 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −0.07 |
| KO The Coca-Cola Co. | Reduce -29.5% | 0.27% | −0.06 |
| PEP Pepsico Inc. | Reduce -0.5% | 2.80% | −0.06 |
| GLW Corning Inc. | Reduce -1.7% | 0.43% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 1.07% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -5.8% | 0.78% | +0.03 |
| ACGL Arch Capital Group Ltd. | Reduce -0.4% | 1.44% | +0.05 |
| AZO AutoZone Inc. | Reduce -12.5% | 1.55% | +0.06 |
| CVX Chevron Corp. | Reduce -11.4% | 3.18% | +0.06 |
| COP Conocophillips | Reduce -3.1% | 2.85% | +0.06 |
| UNP Union Pacific Corp. | Reduce -0.4% | 3.17% | +0.09 |
| ABT Abbott Laboratories | Reduce -0.3% | 4.84% | +0.68 |
| V Visa Inc. Class A | Reduce -0.2% | 9.15% | +0.85 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 11.10% | +1.59 |
Portfolio Buys Q4 2024 → Q1 2025
| MLM Martin Marietta Materials | New | 1.21% | +1.21 |
| PH Parker Hannifin Corp. | Add +54.1% | 3.42% | +1.09 |
| AMZN Amazon.com Inc. | Add +78.2% | 2.35% | +0.82 |
| AZN Astrazeneca PLC-Spons ADR | Add +56.1% | 1.88% | +0.80 |
| WPM Wheaton Precious Metals Corp. | Add +0.6% | 2.45% | +0.68 |
| ETN Eaton Corp. PLC | Add +57.2% | 2.30% | +0.51 |
| APH Amphenol Corp. Class A | Add +20.5% | 3.62% | +0.43 |
| NVDA Nvidia Corp. | Add +81.7% | 1.04% | +0.33 |
| AEP American Electric Power | Add +3.4% | 1.55% | +0.28 |
| PM Philip Morris International | Add +6.1% | 0.77% | +0.22 |
| EXPD Expeditors Intl Wash Inc. | Add +1.1% | 1.53% | +0.13 |
| JPM JPMorgan Chase & Co. | New | 0.13% | +0.13 |
| RS Reliance Inc. | Add +0.2% | 1.34% | +0.09 |
| BDX Becton Dickinson and Co. | New | 0.07% | +0.07 |
| PG The Procter & Gamble Co. | Add +0.5% | 2.94% | +0.05 |
| TJX TJX Companies Inc. | Add +28.4% | 0.20% | +0.05 |
| GD General Dynamics Corp. | Add +0.4% | 1.34% | +0.05 |
| SYK Stryker Corp. | Add +0.6% | 1.14% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +19.5% | 0.17% | −0.00 |
| AXP American Express Co. | Add +2.2% | 0.28% | −0.02 |
| ORCL Oracle Corp. | Add +8.6% | 1.60% | −0.16 |
| ADBE Adobe Inc. | Add +1.7% | 1.59% | −0.23 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $282.6M | BRK.B, V, APH, AAPL, MSFT |
| Q1 2026 | 45 | $270.3M | BRK.B, V, APH, MSFT, AAPL |
| Q4 2025 | 45 | $279.8M | BRK.B, V, MSFT, APH, PH |
| Q3 2025 | 47 | $301.8M | BRK.B, V, MSFT, APH, AAPL |
| Q2 2025 | 46 | $286.4M | V, BRK.B, MSFT, APH, ABT |
| Q1 2025 | 51 | $286.0M | BRK.B, V, MSFT, AAPL, ABT |
| Q4 2024 | 57 | $285.1M | BRK.B, V, MSFT, AAPL, ABT |
| Q3 2024 | 54 | $286.8M | BRK.B, MSFT, V, AAPL, ABT |
| Q2 2024 | 53 | $278.6M | BRK.B, MSFT, V, AAPL, ABT |
| Q1 2024 | 55 | $279.6M | BRK.B, MSFT, V, AAPL, ABT |