Lafayette Investments, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Lafayette Investments, Inc. reported 141 stock positions worth $445.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 12.1% of the portfolio, followed by Markel (MKL, 7.0%) and Progressive (PGR, 4.5%). Compared with Q4 2023, it opened 9 new positions, sold out of 3, added to 53 and reduced 46. The biggest buy was KLA (KLAC, shares +1%) and the biggest sale an exit from Enovis (ENOV).

Most Recent 13F
Q2 2026
Location
ASHTON, MD
CIK
0001308377
Portfolio Value
$445.1M (Q1 2024)
SEC Filing
0001308377-24-000002 ↗ filed May 9, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $445.1M $445.1M Q1 2024 Q2 2024: $439.8M Q2 2024 Q3 2024: $474.3M Q3 2024 Q4 2024: $466.6M Q4 2024 Q1 2025: $472.8M Q1 2025 Q2 2025: $494.8M Q2 2025 Q3 2025: $522.2M Q3 2025 Q4 2025: $529.1M Q4 2025 Q1 2026: $493.9M Q1 2026 Q2 2026: $542.4M Q2 2026

Holdings 141 stocks · $445.1M
BRK.B Berkshire Hathaway Inc. Class B 12.09% 127,982 $53.8M Reduce -0.8%
MKL Markel Group Inc. 6.98% 20,425 $31.1M Add +0.2%
PGR Progressive Corp. 4.52% 97,385 $20.1M Reduce -1.0%
MSFT Microsoft Corp. 3.32% 35,118 $14.8M Add +0.1%
KLAC KLA Corp. 3.08% 19,595 $13.7M Add +1.4%
META Meta Platforms Inc. Class A 3.00% 27,533 $13.4M Reduce -3.9%
LOW Lowe's Cos Inc. 2.54% 44,427 $11.3M Add +0.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 2.47% 90,025 $11.0M Reduce -0.9%
GOOG Alphabet Inc. Class C 2.42% 70,684 $10.8M Add +1.0%
PAYX Paychex Inc. 2.42% 87,630 $10.8M Reduce -0.1%
LII Lennox International Inc. 2.37% 21,547 $10.5M Reduce -4.1%
AZO AutoZone Inc. 2.32% 3,276 $10.3M Add +0.4%
AAPL Apple Inc. 2.24% 58,273 $10.0M Add +1.7%
NSC Norfolk Southern Corp. 2.01% 35,053 $8.9M Reduce -0.6%
JEF Jefferies Financial Group Inc. 1.83% 184,723 $8.1M Reduce -0.4%
LMT Lockheed Martin Corp. 1.82% 17,778 $8.1M Add +1.0%
DEO Diageo PLC-Sponsored ADR 1.79% 53,512 $8.0M Add +0.9%
JNJ Johnson & Johnson 1.75% 49,310 $7.8M Reduce -0.0%
GPC Genuine Parts Co. 1.70% 48,865 $7.6M Add +0.1%
PEP Pepsico Inc. 1.58% 40,170 $7.0M Add +2.3%
SCHW Schwab (charles) Corp. 1.58% 97,016 $7.0M Add +1.1%
SBUX Starbucks Corp. 1.43% 69,469 $6.3M Add +9.6%
L Loews Corp. 1.36% 77,074 $6.0M Reduce -0.6%
PH Parker Hannifin Corp. 1.35% 10,805 $6.0M Reduce -0.1%
B Barrick Gold Corp. 1.25% 335,444 $5.6M Add +1.9%
COST Costco Wholesale Corp. 1.04% 6,320 $4.6M No change
ACN Accenture PLC Class A 1.02% 13,143 $4.6M Add +2.3%
MRSH Marsh & McLennan Cos 1.02% 22,073 $4.5M Reduce -0.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.02% 37,023 $4.5M Reduce -2.5%
ESAB Esab Corp. 1.02% 40,904 $4.5M Reduce -6.1%
ALLE Allegion PLC 0.96% 31,735 $4.3M Add +5.0%
XOM Exxon Mobil Corp. 0.94% 35,815 $4.2M Add +1.4%
GLW Corning Inc. 0.92% 124,815 $4.1M Reduce -6.0%
KO The Coca-Cola Co. 0.92% 67,227 $4.1M Reduce -1.8%
CHKP Check Point Software Tech 0.91% 24,619 $4.0M Reduce -2.5%
AOS Smith (a.o.) Corp. 0.81% 40,250 $3.6M Add +3.4%
GHC Graham Holdings Co. Class B 0.80% 4,628 $3.6M Reduce -0.1%
PYPL PayPal Holdings Inc. 0.74% 49,352 $3.3M Add +7.3%
MHK Mohawk Industries Inc. 0.74% 25,193 $3.3M Add +0.7%
WAT Waters Corp. 0.66% 8,523 $2.9M Add +0.7%
MSGS Madison Square Garden Sports 0.64% 15,512 $2.9M Reduce -20.0%
JPM JPMorgan Chase & Co. 0.64% 14,126 $2.8M Add +0.8%
SPOT Spotify Technology SA 0.61% 10,255 $2.7M Reduce -13.6%
AMZN Amazon.com Inc. 0.57% 14,186 $2.6M Add +3.6%
INTC Intel Corp. 0.56% 56,684 $2.5M Add +1.4%
ANET Arista Networks Inc. 0.56% 8,613 $2.5M Add +1.2%
ULTA Ulta Beauty Inc. 0.53% 4,508 $2.4M Add +1.4%
CVX Chevron Corp. 0.49% 13,793 $2.2M Reduce -0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.49% 57,268 $2.2M Reduce -0.7%
AON Aon PLC Class A 0.48% 6,441 $2.1M Reduce -1.7%
NKE Nike Inc. Class B 0.47% 22,045 $2.1M Add +4.3%
TXN Texas Instruments Inc. 0.46% 11,678 $2.0M Add +17.2%
DHR Danaher Corp. 0.44% 7,877 $2.0M Reduce -1.0%
V Visa Inc. Class A 0.43% 6,911 $1.9M Add +8.6%
HSY The Hershey Co. 0.40% 9,154 $1.8M Add +0.8%
HAS Hasbro Inc. 0.37% 29,258 $1.7M Reduce -0.9%
WBA Walgreens Boots Alliance Inc. 0.37% 75,867 $1.6M Reduce -0.8%
CTSH Cognizant Tech Solutions-A 0.29% 17,637 $1.3M No change
SEIC Sei Investments Company 0.29% 17,652 $1.3M Reduce -1.3%
MCD McDonald's Corp. 0.27% 4,329 $1.2M Add +33.3%
MTD Mettler-Toledo International 0.25% 834 $1.1M Add +21.4%
WHR Whirlpool Corp. 0.24% 8,949 $1.1M Add +1.1%
GSK GSK PLC-Spon ADR 0.24% 24,600 $1.1M No change
OTIS Otis Worldwide Corp. 0.24% 10,616 $1.1M Add +22.2%
SASR Sandy Spring Bancorp Inc. 0.23% 44,785 $1.0M Reduce -9.4%
VZ Verizon Communications Inc. 0.23% 24,342 $1.0M Reduce -0.6%
WFC Wells Fargo & Co. 0.21% 15,995 $927K Reduce -1.5%
ADP Automatic Data Processing 0.21% 3,695 $923K Add +5.5%
MRK Merck & Co. Inc. 0.21% 6,934 $915K Reduce -2.6%
HON Honeywell International Inc. 0.19% 4,190 $860K Add +6.3%
CABO Cable One Inc. 0.17% 1,820 $770K Reduce -4.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.17% 1,425 $745K Reduce -1.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.16% 3,659 $699K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.15% 12,000 $658K Add +4.3%
FISV Fiserv Inc. 0.15% 4,074 $651K No change
GD General Dynamics Corp. 0.14% 2,210 $624K No change
UNH Unitedhealth Group Inc. 0.13% 1,125 $557K Add +4.7%
CAT Caterpillar Inc. 0.12% 1,450 $531K Reduce -12.1%
CVS CVS Health Corp. 0.12% 6,650 $530K Reduce -5.7%
TT Trane Technologies PLC 0.12% 1,722 $517K No change
NVDA Nvidia Corp. 0.12% 570 $515K Reduce -6.6%
NVO Novo-Nordisk A/S-Spons ADR 0.12% 4,000 $514K No change
EGBN Eagle Bancorp Inc. 0.11% 21,750 $511K Reduce -2.3%
RTX RTX Corp. 0.11% 4,999 $488K No change
PFE Pfizer Inc. 0.11% 17,548 $487K No change
ARCC Ares Capital Corp. 0.11% 23,080 $481K No change
TMO Thermo Fisher Scientific Inc. 0.11% 813 $473K Reduce -1.4%
MO Altria Group Inc. 0.11% 10,788 $471K Reduce -10.4%
VTS Vitesse Energy Inc. 0.10% 19,426 $461K Reduce -5.9%
GOOGL Alphabet Inc. Class A 0.10% 3,018 $456K Add +8.5%
AVGO Broadcom Inc. 0.10% 338 $448K Add +8.0%
ALRS Alerus Financial Corp. 0.10% 20,100 $439K No change
ABBV Abbvie Inc. 0.09% 2,310 $421K No change
GLD SPDR Gold Shares 0.09% 2,038 $419K Add +0.8%
ASML ASML Holding NV-NY Reg SHS 0.09% 431 $418K Add +0.9%
ADBE Adobe Inc. 0.09% 828 $418K Add +59.5%
GM General Motors Co. 0.09% 9,007 $408K Reduce -25.0%
DPZ Domino's Pizza Inc. 0.09% 791 $393K No change
FNDX Schwab Fndmntl US LRG Co. ETF 0.09% 5,822 $392K Add +1.1%
AXP American Express Co. 0.09% 1,713 $390K No change
FDX FedEx Corp. 0.09% 1,330 $385K No change
BKNG Booking Holdings Inc. 0.09% 106 $385K New
NLY Annaly Capital Management Inc. 0.09% 19,300 $380K No change
MAR Marriott International Class A 0.09% 1,503 $379K Add +13.0%
T AT&T Inc. 0.08% 20,308 $357K No change
PG The Procter & Gamble Co. 0.08% 2,174 $353K Add +0.1%
SPG Simon Property Group Inc. 0.07% 2,125 $333K No change
TFC Truist Financial Corp. 0.07% 7,845 $306K Reduce -11.3%
SHEL Shell PLC-ADR 0.07% 4,452 $298K Reduce -8.2%
ALL Allstate Corp. 0.07% 1,685 $292K No change
VOO Vanguard S&P 500 ETF 0.06% 595 $286K No change
HD Home Depot Inc. 0.06% 744 $285K Add +0.1%
SCHX Schwab US Large-Cap ETF 0.06% 4,392 $273K Reduce -1.5%
FAST Fastenal Co. 0.06% 3,452 $266K No change
SPGI S&P Global Inc. 0.06% 600 $255K Add +18.6%
LLY Eli Lilly & Co. 0.06% 325 $253K New
AVB Avalonbay Communities Inc. 0.06% 1,350 $251K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.06% 4,347 $248K Add +2.5%
HLN Haleon PLC-ADR 0.06% 29,104 $247K No change
DOW Dow Inc. 0.06% 4,250 $246K No change
GEHC GE Healthcare Technology 0.05% 2,539 $231K New
FDS Factset Research Systems Inc. 0.05% 506 $230K Add +1.4%
UL Unilever PLC 0.05% 4,520 $227K No change
ABT Abbott Laboratories 0.05% 1,994 $227K No change
EMR Emerson Electric Co. 0.05% 1,970 $223K New
FRT Federal Realty Invs Trust 0.05% 2,150 $220K No change
ZTS Zoetis Inc. 0.05% 1,287 $218K Add +25.3%
LULU Lululemon Athletica Inc. 0.05% 554 $216K Add +34.1%
INTU Intuit Inc. 0.05% 332 $216K Add +0.6%
GILD Gilead Sciences Inc. 0.05% 2,935 $215K No change
PANW Palo Alto Networks Inc. 0.05% 750 $213K New
QCOM Qualcomm Inc. 0.05% 1,250 $212K Reduce -16.7%
ADSK Autodesk Inc. 0.05% 800 $208K New
VLTO Veralto Corp. 0.05% 2,313 $205K New
VTI VG Morningstar TS MKT ETF-US 0.05% 785 $204K New
F Ford Motor Co. filed as FORD MTR CO DEL 0.04% 12,600 $167K Reduce -2.7%
FVCB Fvcbankcorp Inc. 0.03% 12,206 $149K No change
AGNC AGNC Investment Corp. 0.03% 12,100 $120K No change
WBD Warner Bros Discovery Inc. 0.02% 10,977 $96K New
RANI Rani Therapeutics Holdings Class A 0.01% 19,893 $62K No change
LCTX Lineage Cell Therapeutics Inc. 0.00% 13,000 $19K No change

Portfolio Sells Q4 2023 → Q1 2024
ENOV Enovis Corp. Sold out 0.00% −0.42
MSGS Madison Square Garden Sports Reduce -20.0% 0.64% −0.23
PAYX Paychex Inc. Reduce -0.1% 2.42% −0.18
JNJ Johnson & Johnson Reduce -0.0% 1.75% −0.17
LII Lennox International Inc. Reduce -4.1% 2.37% −0.13
WBA Walgreens Boots Alliance Inc. Reduce -0.8% 0.37% −0.13
SASR Sandy Spring Bancorp Inc. Reduce -9.4% 0.23% −0.10
CABO Cable One Inc. Reduce -4.1% 0.17% −0.09
GLW Corning Inc. Reduce -6.0% 0.92% −0.08
KO The Coca-Cola Co. Reduce -1.8% 0.92% −0.08
NSC Norfolk Southern Corp. Reduce -0.6% 2.01% −0.07
CHKP Check Point Software Tech Reduce -2.5% 0.91% −0.05
EGBN Eagle Bancorp Inc. Reduce -2.3% 0.11% −0.05
MDLZ Mondelez International Inc. Class A Sold out 0.00% −0.05
JEF Jefferies Financial Group Inc. Reduce -0.4% 1.83% −0.03
CVX Chevron Corp. Reduce -0.0% 0.49% −0.02
MRSH Marsh & McLennan Cos Reduce -0.2% 1.02% −0.02
CVS CVS Health Corp. Reduce -5.7% 0.12% −0.02
DHR Danaher Corp. Reduce -1.0% 0.44% −0.02
GM General Motors Co. Reduce -25.0% 0.09% −0.02
MO Altria Group Inc. Reduce -10.4% 0.11% −0.01
TFC Truist Financial Corp. Reduce -11.3% 0.07% −0.01
SHEL Shell PLC-ADR Reduce -8.2% 0.07% −0.01
VTS Vitesse Energy Inc. Reduce -5.9% 0.10% −0.01
QCOM Qualcomm Inc. Reduce -16.7% 0.05% −0.01
WAVEDANCER INC Sold out 0.00% −0.01
GHC Graham Holdings Co. Class B Reduce -0.1% 0.80% −0.00
HAS Hasbro Inc. Reduce -0.9% 0.37% −0.00
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.4% 0.17% −0.00
TMO Thermo Fisher Scientific Inc. Reduce -1.4% 0.11% −0.00
CAT Caterpillar Inc. Reduce -12.1% 0.12% −0.00
F Ford Motor Co. Reduce -2.7% 0.04% −0.00
SCHX Schwab US Large-Cap ETF Reduce -1.5% 0.06% −0.00
VZ Verizon Communications Inc. Reduce -0.6% 0.23% +0.00
SEIC Sei Investments Company Reduce -1.3% 0.29% +0.00
BAC Bank of America Corp. Reduce -0.7% 0.49% +0.01
AON Aon PLC Class A Reduce -1.7% 0.48% +0.01
WFC Wells Fargo & Co. Reduce -1.5% 0.21% +0.01
MRK Merck & Co. Inc. Reduce -2.6% 0.21% +0.01
L Loews Corp. Reduce -0.6% 1.36% +0.02
TROW T Rowe Price Group Inc. Reduce -0.9% 2.47% +0.03
NVDA Nvidia Corp. Reduce -6.6% 0.12% +0.04
SPOT Spotify Technology SA Reduce -13.6% 0.61% +0.05
ESAB Esab Corp. Reduce -6.1% 1.02% +0.08
PH Parker Hannifin Corp. Reduce -0.1% 1.35% +0.11
DIS The Walt Disney Co. Reduce -2.5% 1.02% +0.17
META Meta Platforms Inc. Class A Reduce -3.9% 3.00% +0.48
PGR Progressive Corp. Reduce -1.0% 4.52% +0.63
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 12.09% +0.66

Portfolio Buys Q4 2023 → Q1 2024
KLAC KLA Corp. Add +1.4% 3.08% +0.28
AZO AutoZone Inc. Add +0.4% 2.32% +0.22
MHK Mohawk Industries Inc. Add +0.7% 0.74% +0.10
LOW Lowe's Cos Inc. Add +0.5% 2.54% +0.10
BKNG Booking Holdings Inc. New 0.09% +0.09
ANET Arista Networks Inc. Add +1.2% 0.56% +0.06
AMZN Amazon.com Inc. Add +3.6% 0.57% +0.06
XOM Exxon Mobil Corp. Add +1.4% 0.94% +0.06
LLY Eli Lilly & Co. New 0.06% +0.06
GEHC GE Healthcare Technology New 0.05% +0.05
EMR Emerson Electric Co. New 0.05% +0.05
PANW Palo Alto Networks Inc. New 0.05% +0.05
ADSK Autodesk Inc. New 0.05% +0.05
VLTO Veralto Corp. New 0.05% +0.05
VTI VG Morningstar TS MKT ETF-US New 0.05% +0.05
OTIS Otis Worldwide Corp. Add +22.2% 0.24% +0.04
JPM JPMorgan Chase & Co. Add +0.8% 0.64% +0.04
MTD Mettler-Toledo International Add +21.4% 0.25% +0.04
MSFT Microsoft Corp. Add +0.1% 3.32% +0.04
PYPL PayPal Holdings Inc. Add +7.3% 0.74% +0.04
MCD McDonald's Corp. Add +33.3% 0.27% +0.03
TXN Texas Instruments Inc. Add +17.2% 0.46% +0.03
V Visa Inc. Class A Add +8.6% 0.43% +0.02
WBD Warner Bros Discovery Inc. New 0.02% +0.02
GPC Genuine Parts Co. Add +0.1% 1.70% +0.02
ADBE Adobe Inc. Add +59.5% 0.09% +0.02
AVGO Broadcom Inc. Add +8.0% 0.10% +0.01
ASML ASML Holding NV-NY Reg SHS Add +0.9% 0.09% +0.01
AOS Smith (a.o.) Corp. Add +3.4% 0.81% +0.01
MAR Marriott International Class A Add +13.0% 0.09% +0.01
ALLE Allegion PLC Add +5.0% 0.96% +0.01
GOOGL Alphabet Inc. Class A Add +8.5% 0.10% +0.01
ADP Automatic Data Processing Add +5.5% 0.21% +0.00
SPGI S&P Global Inc. Add +18.6% 0.06% +0.00
HD Home Depot Inc. Add +0.1% 0.06% +0.00
PG The Procter & Gamble Co. Add +0.1% 0.08% +0.00
FNDX Schwab Fndmntl US LRG Co. ETF Add +1.1% 0.09% −0.00
SLB SLB Ltd. Add +4.3% 0.15% −0.00
ZTS Zoetis Inc. Add +25.3% 0.05% −0.00
GLD SPDR Gold Shares Add +0.8% 0.09% −0.00
FNDA Schwab Fndmntl US SM Co. ETF Add +2.5% 0.06% −0.00
INTU Intuit Inc. Add +0.6% 0.05% −0.00
LULU Lululemon Athletica Inc. Add +34.1% 0.05% −0.00
FDS Factset Research Systems Inc. Add +1.4% 0.05% −0.01
ULTA Ulta Beauty Inc. Add +1.4% 0.53% −0.01
HON Honeywell International Inc. Add +6.3% 0.19% −0.01
UNH Unitedhealth Group Inc. Add +4.7% 0.13% −0.02
HSY The Hershey Co. Add +0.8% 0.40% −0.02
WHR Whirlpool Corp. Add +1.1% 0.24% −0.03
WAT Waters Corp. Add +0.7% 0.66% −0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 162$542.4MBRK.B, KLAC, MKL, GOOG, PGR
Q1 2026 158$493.9MBRK.B, MKL, KLAC, GOOG, PGR
Q4 2025 156$529.1MBRK.B, MKL, KLAC, GOOG, PGR
Q3 2025 156$522.2MBRK.B, MKL, PGR, KLAC, META
Q2 2025 151$494.8MBRK.B, MKL, PGR, META, MSFT
Q1 2025 146$472.8MBRK.B, MKL, PGR, META, MSFT
Q4 2024 149$466.6MBRK.B, MKL, PGR, META, MSFT
Q3 2024Amended 146$474.3MBRK.B, MKL, PGR, META, MSFT
Q2 2024 142$439.8MBRK.B, MKL, PGR, KLAC, MSFT
Q1 2024 141$445.1MBRK.B, MKL, PGR, MSFT, KLAC