Lafayette Investments, Inc.

Name: Lafayette Investments, Inc. 13F holdings, Q2 2024
Creator: Lafayette Investments, Inc.
Published: 2024-07-31

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q1 2024

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Lafayette Investments, Inc. reported 142 stock positions worth $439.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.6% of the portfolio, followed by Markel (MKL, 7.3%) and Progressive (PGR, 4.6%). Compared with Q1 2024, it opened 7 new positions, sold out of 6, added to 54 and reduced 57. The biggest buy was a new position in Paycom Software (PAYC) and the biggest sale an exit from Spotify Technology (SPOT).

Most Recent 13F: Q2 2026
Location: ASHTON, MD
CIK: 0001308377
Portfolio Value: $439.8M (Q2 2024)
SEC Filing: 0001308377-24-000003 ↗ filed Jul 31, 2024

Holdings Value

Holdings 142 stocks · $439.8M


BRK.B Berkshire Hathaway Inc. Class B	11.60%	125,419	$51.0M	Reduce -2.0%
MKL Markel Group Inc.	7.33%	20,459	$32.2M	Add +0.2%
PGR Progressive Corp.	4.56%	96,470	$20.0M	Reduce -0.9%
KLAC KLA Corp.	3.66%	19,518	$16.1M	Reduce -0.4%
MSFT Microsoft Corp.	3.62%	35,597	$15.9M	Add +1.4%
META Meta Platforms Inc. Class A	3.16%	27,525	$13.9M	Reduce -0.0%
GOOG Alphabet Inc. Class C	2.95%	70,653	$13.0M	Reduce -0.0%
AAPL Apple Inc.	2.79%	58,355	$12.3M	Add +0.1%
LII Lennox International Inc.	2.61%	21,436	$11.5M	Reduce -0.5%
LOW Lowe's Cos Inc.	2.38%	47,487	$10.5M	Add +6.9%
PAYX Paychex Inc.	2.36%	87,508	$10.4M	Reduce -0.1%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	2.30%	87,606	$10.1M	Reduce -2.7%
AZO AutoZone Inc.	2.21%	3,278	$9.7M	Add +0.1%
JEF Jefferies Financial Group Inc.	2.07%	182,576	$9.1M	Reduce -1.2%
LMT Lockheed Martin Corp.	1.89%	17,796	$8.3M	Add +0.1%
NSC Norfolk Southern Corp.	1.68%	34,443	$7.4M	Reduce -1.7%
SCHW Schwab (charles) Corp.	1.63%	96,997	$7.1M	Reduce -0.0%
JNJ Johnson & Johnson	1.61%	48,341	$7.1M	Reduce -2.0%
DEO Diageo PLC-Sponsored ADR	1.57%	54,751	$6.9M	Add +2.3%
GPC Genuine Parts Co.	1.53%	48,574	$6.7M	Reduce -0.6%
PEP Pepsico Inc.	1.51%	40,360	$6.7M	Add +0.5%
B Barrick Gold Corp.	1.30%	343,340	$5.7M	Add +2.4%
L Loews Corp.	1.30%	76,374	$5.7M	Reduce -0.9%
SBUX Starbucks Corp.	1.29%	72,740	$5.7M	Add +4.7%
PH Parker Hannifin Corp.	1.24%	10,802	$5.5M	Reduce -0.0%
COST Costco Wholesale Corp.	1.21%	6,270	$5.3M	Reduce -0.8%
MRSH Marsh & McLennan Cos	1.06%	22,033	$4.6M	Reduce -0.2%
KO The Coca-Cola Co.	0.96%	66,386	$4.2M	Reduce -1.3%
XOM Exxon Mobil Corp.	0.93%	35,356	$4.1M	Reduce -1.3%
CHKP Check Point Software Tech	0.92%	24,559	$4.1M	Reduce -0.2%
ACN Accenture PLC Class A	0.92%	13,267	$4.0M	Add +0.9%
ALLE Allegion PLC	0.87%	32,501	$3.8M	Add +2.4%
DIS The Walt Disney Co. filed as DISNEY WALT CO	0.81%	36,078	$3.6M	Reduce -2.5%
ESAB Esab Corp.	0.80%	37,490	$3.5M	Reduce -8.3%
PAYC Paycom Software Inc.	0.79%	24,365	$3.5M	New
AOS Smith (a.o.) Corp.	0.75%	40,248	$3.3M	Reduce 0.0%
GHC Graham Holdings Co. Class B	0.72%	4,525	$3.2M	Reduce -2.2%
ANET Arista Networks Inc.	0.69%	8,613	$3.0M	No change
PYPL PayPal Holdings Inc.	0.68%	51,692	$3.0M	Add +4.7%
MHK Mohawk Industries Inc.	0.66%	25,423	$2.9M	Add +0.9%
MSGS Madison Square Garden Sports	0.65%	15,227	$2.9M	Reduce -1.8%
JPM JPMorgan Chase & Co.	0.65%	14,116	$2.9M	Reduce -0.1%
GLW Corning Inc.	0.65%	73,307	$2.8M	Reduce -41.3%
AMZN Amazon.com Inc.	0.65%	14,686	$2.8M	Add +3.5%
WAT Waters Corp.	0.57%	8,586	$2.5M	Add +0.7%
TXN Texas Instruments Inc.	0.52%	11,679	$2.3M	Add +0.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.51%	56,506	$2.2M	Reduce -1.3%
CVX Chevron Corp.	0.48%	13,625	$2.1M	Reduce -1.2%
DHR Danaher Corp.	0.45%	7,857	$2.0M	Reduce -0.3%
AON Aon PLC Class A	0.44%	6,568	$1.9M	Add +2.0%
V Visa Inc. Class A	0.43%	7,200	$1.9M	Add +4.2%
ULTA Ulta Beauty Inc.	0.42%	4,806	$1.9M	Add +6.6%
NKE Nike Inc. Class B	0.41%	24,175	$1.8M	Add +9.7%
INTC Intel Corp.	0.41%	58,396	$1.8M	Add +3.0%
HAS Hasbro Inc.	0.39%	29,173	$1.7M	Reduce -0.3%
HSY The Hershey Co.	0.38%	8,979	$1.7M	Reduce -1.9%
MCD McDonald's Corp.	0.35%	6,093	$1.6M	Add +40.8%
CTSH Cognizant Tech Solutions-A	0.27%	17,635	$1.2M	Reduce -0.0%
MTD Mettler-Toledo International	0.26%	833	$1.2M	Reduce -0.1%
SEIC Sei Investments Company	0.25%	16,990	$1.1M	Reduce -3.8%
SASR Sandy Spring Bancorp Inc.	0.24%	43,503	$1.1M	Reduce -2.9%
OTIS Otis Worldwide Corp.	0.23%	10,626	$1.0M	Add +0.1%
VZ Verizon Communications Inc.	0.23%	24,109	$994K	Reduce -1.0%
WFC Wells Fargo & Co.	0.22%	15,995	$950K	No change
ADP Automatic Data Processing	0.21%	3,886	$928K	Add +5.2%
WHR Whirlpool Corp.	0.21%	8,954	$915K	Add +0.1%
WBA Walgreens Boots Alliance Inc.	0.21%	75,003	$907K	Reduce -1.1%
GSK GSK PLC-Spon ADR	0.20%	23,300	$897K	Reduce -5.3%
MRK Merck & Co. Inc.	0.19%	6,908	$855K	Reduce -0.4%
HON Honeywell International Inc.	0.19%	3,940	$841K	Reduce -6.0%
NVDA Nvidia Corp.	0.16%	5,710	$705K	Add +0.2%
SPY SS SPDR S&P 500 ETF Trust-US	0.16%	1,275	$694K	Reduce -10.5%
GD General Dynamics Corp.	0.15%	2,210	$641K	No change
AVGO Broadcom Inc.	0.14%	393	$631K	Add +16.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	0.14%	3,584	$620K	Reduce -2.0%
ADBE Adobe Inc.	0.14%	1,114	$619K	Add +34.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD	0.14%	13,000	$613K	Add +8.3%
CABO Cable One Inc.	0.13%	1,670	$591K	Reduce -8.2%
FISV Fiserv Inc.	0.13%	3,874	$577K	Reduce -4.9%
NVO Novo-Nordisk A/S-Spons ADR	0.13%	4,000	$571K	No change
PFE Pfizer Inc.	0.13%	20,299	$568K	Add +15.7%
TT Trane Technologies PLC	0.13%	1,722	$566K	No change
GOOGL Alphabet Inc. Class A	0.13%	3,032	$552K	Add +0.5%
CAT Caterpillar Inc.	0.11%	1,450	$483K	No change
BF.B Brown-Forman Corp. Class B	0.11%	11,151	$482K	New
UNH Unitedhealth Group Inc.	0.11%	925	$471K	Reduce -17.8%
BKNG Booking Holdings Inc.	0.10%	116	$460K	Add +9.4%
TMO Thermo Fisher Scientific Inc.	0.10%	830	$459K	Add +2.1%
VTS Vitesse Energy Inc.	0.10%	19,336	$458K	Reduce -0.5%
RTX RTX Corp.	0.10%	4,476	$449K	Reduce -10.5%
MO Altria Group Inc.	0.10%	9,788	$446K	Reduce -9.3%
FDX FedEx Corp.	0.10%	1,445	$433K	Add +8.7%
GLD SPDR Gold Shares	0.10%	2,013	$433K	Reduce -1.2%
GM General Motors Co.	0.10%	9,079	$422K	Add +0.8%
FNDX Schwab Fndmntl US LRG Co. ETF	0.10%	6,290	$421K	Add +8.0%
ASML ASML Holding NV-NY Reg SHS	0.09%	407	$416K	Reduce -5.6%
DPZ Domino's Pizza Inc.	0.09%	791	$408K	No change
ALRS Alerus Financial Corp.	0.09%	20,100	$394K	No change
T AT&T Inc.	0.09%	20,599	$394K	Add +1.4%
MAR Marriott International Class A	0.09%	1,624	$393K	Add +8.1%
ABBV Abbvie Inc.	0.09%	2,242	$385K	Reduce -2.9%
PG The Procter & Gamble Co.	0.08%	2,215	$365K	Add +1.9%
EGBN Eagle Bancorp Inc.	0.08%	19,000	$359K	Reduce -12.6%
AXP American Express Co.	0.08%	1,428	$331K	Reduce -16.6%
SPG Simon Property Group Inc.	0.07%	2,125	$323K	No change
SHEL Shell PLC-ADR	0.07%	4,452	$321K	No change
SCHX Schwab US Large-Cap ETF	0.07%	4,790	$308K	Add +9.1%
TFC Truist Financial Corp.	0.07%	7,845	$305K	No change
VOO Vanguard S&P 500 ETF	0.07%	598	$299K	Add +0.5%
SPGI S&P Global Inc.	0.07%	651	$290K	Add +8.5%
VIGI Vanguard Int Div App Indx FD	0.06%	3,505	$285K	New
ZTS Zoetis Inc.	0.06%	1,640	$284K	Add +27.4%
AVB Avalonbay Communities Inc.	0.06%	1,350	$279K	No change
FDS Factset Research Systems Inc.	0.06%	665	$272K	Add +31.4%
VTI VG Morningstar TS MKT ETF-US	0.06%	1,014	$271K	Add +29.2%
ALL Allstate Corp.	0.06%	1,685	$269K	No change
FNDA Schwab Fndmntl US SM Co. ETF	0.06%	4,838	$266K	Add +11.3%
GEHC GE Healthcare Technology	0.06%	3,389	$264K	Add +33.5%
HD Home Depot Inc.	0.06%	755	$260K	Add +1.5%
LLY Eli Lilly & Co.	0.06%	285	$258K	Reduce -12.3%
PANW Palo Alto Networks Inc.	0.06%	750	$254K	No change
VLTO Veralto Corp.	0.06%	2,605	$249K	Add +12.6%
UL Unilever PLC	0.06%	4,520	$249K	No change
ABT Abbott Laboratories	0.06%	2,374	$247K	Add +19.1%
HLN Haleon PLC-ADR	0.05%	29,104	$240K	No change
QCOM Qualcomm Inc.	0.05%	1,169	$233K	Reduce -6.5%
ETN Eaton Corp. PLC	0.05%	725	$227K	New
INTU Intuit Inc.	0.05%	344	$226K	Add +3.6%
DOW Dow Inc.	0.05%	4,250	$225K	No change
EMR Emerson Electric Co.	0.05%	2,039	$225K	Add +3.5%
MA Mastercard Inc. Class A	0.05%	502	$221K	New
LULU Lululemon Athletica Inc.	0.05%	741	$221K	Add +33.8%
FICO Fair Isaac Corp.	0.05%	148	$220K	New
FRT Federal Realty Invs Trust	0.05%	2,150	$217K	No change
FAST Fastenal Co.	0.05%	3,452	$217K	No change
GILD Gilead Sciences Inc.	0.05%	2,935	$201K	No change
INFY Infosys Ltd.-SP ADR	0.04%	10,429	$194K	New
F Ford Motor Co. filed as FORD MTR CO DEL	0.04%	12,600	$158K	No change
FVCB Fvcbankcorp Inc.	0.03%	12,206	$133K	No change
WBD Warner Bros Discovery Inc.	0.02%	10,957	$82K	Reduce -0.2%
RANI Rani Therapeutics Holdings Class A	0.02%	19,893	$76K	No change
LCTX Lineage Cell Therapeutics Inc.	0.00%	13,000	$13K	No change

Portfolio Sells Q1 2024 → Q2 2024


SPOT Spotify Technology SA	Sold out	0.00%	−0.61
BRK.B Berkshire Hathaway Inc. Class B	Reduce -2.0%	11.60%	−0.49
NSC Norfolk Southern Corp.	Reduce -1.7%	1.68%	−0.33
GLW Corning Inc.	Reduce -41.3%	0.65%	−0.28
ESAB Esab Corp.	Reduce -8.3%	0.80%	−0.21
DIS The Walt Disney Co.	Reduce -2.5%	0.81%	−0.20
GPC Genuine Parts Co.	Reduce -0.6%	1.53%	−0.17
TROW T Rowe Price Group Inc.	Reduce -2.7%	2.30%	−0.17
WBA Walgreens Boots Alliance Inc.	Reduce -1.1%	0.21%	−0.16
JNJ Johnson & Johnson	Reduce -2.0%	1.61%	−0.15
CVS CVS Health Corp.	Sold out	0.00%	−0.12
ARCC Ares Capital Corp.	Sold out	0.00%	−0.11
PH Parker Hannifin Corp.	Reduce -0.0%	1.24%	−0.11
NLY Annaly Capital Management Inc.	Sold out	0.00%	−0.09
GHC Graham Holdings Co. Class B	Reduce -2.2%	0.72%	−0.08
AOS Smith (a.o.) Corp.	Reduce 0.0%	0.75%	−0.06
PAYX Paychex Inc.	Reduce -0.1%	2.36%	−0.06
L Loews Corp.	Reduce -0.9%	1.30%	−0.06
ADSK Autodesk Inc.	Sold out	0.00%	−0.05
CABO Cable One Inc.	Reduce -8.2%	0.13%	−0.04
SEIC Sei Investments Company	Reduce -3.8%	0.25%	−0.04
EGBN Eagle Bancorp Inc.	Reduce -12.6%	0.08%	−0.03
GSK GSK PLC-Spon ADR	Reduce -5.3%	0.20%	−0.03
AGNC AGNC Investment Corp.	Sold out	0.00%	−0.03
HSY The Hershey Co.	Reduce -1.9%	0.38%	−0.02
UNH Unitedhealth Group Inc.	Reduce -17.8%	0.11%	−0.02
CTSH Cognizant Tech Solutions-A	Reduce -0.0%	0.27%	−0.02
IBM Intl Business Machines Corp.	Reduce -2.0%	0.14%	−0.02
FISV Fiserv Inc.	Reduce -4.9%	0.13%	−0.01
AXP American Express Co.	Reduce -16.6%	0.08%	−0.01
MRK Merck & Co. Inc.	Reduce -0.4%	0.19%	−0.01
XOM Exxon Mobil Corp.	Reduce -1.3%	0.93%	−0.01
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -10.5%	0.16%	−0.01
RTX RTX Corp.	Reduce -10.5%	0.10%	−0.01
ABBV Abbvie Inc.	Reduce -2.9%	0.09%	−0.01
MO Altria Group Inc.	Reduce -9.3%	0.10%	−0.00
CVX Chevron Corp.	Reduce -1.2%	0.48%	−0.00
VZ Verizon Communications Inc.	Reduce -1.0%	0.23%	−0.00
WBD Warner Bros Discovery Inc.	Reduce -0.2%	0.02%	−0.00
HON Honeywell International Inc.	Reduce -6.0%	0.19%	−0.00
VTS Vitesse Energy Inc.	Reduce -0.5%	0.10%	+0.00
ASML ASML Holding NV-NY Reg SHS	Reduce -5.6%	0.09%	+0.00
LLY Eli Lilly & Co.	Reduce -12.3%	0.06%	+0.00
GLD SPDR Gold Shares	Reduce -1.2%	0.10%	+0.00
DHR Danaher Corp.	Reduce -0.3%	0.45%	+0.00
QCOM Qualcomm Inc.	Reduce -6.5%	0.05%	+0.01
SASR Sandy Spring Bancorp Inc.	Reduce -2.9%	0.24%	+0.01
MSGS Madison Square Garden Sports	Reduce -1.8%	0.65%	+0.01
JPM JPMorgan Chase & Co.	Reduce -0.1%	0.65%	+0.01
CHKP Check Point Software Tech	Reduce -0.2%	0.92%	+0.01

Portfolio Buys Q1 2024 → Q2 2024


PAYC Paycom Software Inc.	New	0.79%	+0.79
AAPL Apple Inc.	Add +0.1%	2.79%	+0.55
MKL Markel Group Inc.	Add +0.2%	7.33%	+0.35
MSFT Microsoft Corp.	Add +1.4%	3.62%	+0.30
BF.B Brown-Forman Corp. Class B	New	0.11%	+0.11
MCD McDonald's Corp.	Add +40.8%	0.35%	+0.08
LMT Lockheed Martin Corp.	Add +0.1%	1.89%	+0.07
AMZN Amazon.com Inc.	Add +3.5%	0.65%	+0.07
VIGI Vanguard Int Div App Indx FD	New	0.06%	+0.06
TXN Texas Instruments Inc.	Add +0.0%	0.52%	+0.06
ETN Eaton Corp. PLC	New	0.05%	+0.05
MA Mastercard Inc. Class A	New	0.05%	+0.05
FICO Fair Isaac Corp.	New	0.05%	+0.05
B Barrick Gold Corp.	Add +2.4%	1.30%	+0.05
ADBE Adobe Inc.	Add +34.5%	0.14%	+0.05
NVDA Nvidia Corp.	Add +0.2%	0.16%	+0.04
INFY Infosys Ltd.-SP ADR	New	0.04%	+0.04
AVGO Broadcom Inc.	Add +16.3%	0.14%	+0.04
GOOGL Alphabet Inc. Class A	Add +0.5%	0.13%	+0.02
PFE Pfizer Inc.	Add +15.7%	0.13%	+0.02
BKNG Booking Holdings Inc.	Add +9.4%	0.10%	+0.02
VTI VG Morningstar TS MKT ETF-US	Add +29.2%	0.06%	+0.02
ZTS Zoetis Inc.	Add +27.4%	0.06%	+0.02
FDX FedEx Corp.	Add +8.7%	0.10%	+0.01
VLTO Veralto Corp.	Add +12.6%	0.06%	+0.01
FDS Factset Research Systems Inc.	Add +31.4%	0.06%	+0.01
T AT&T Inc.	Add +1.4%	0.09%	+0.01
SPGI S&P Global Inc.	Add +8.5%	0.07%	+0.01
SCHX Schwab US Large-Cap ETF	Add +9.1%	0.07%	+0.01
GEHC GE Healthcare Technology	Add +33.5%	0.06%	+0.01
FNDX Schwab Fndmntl US LRG Co. ETF	Add +8.0%	0.10%	+0.01
ABT Abbott Laboratories	Add +19.1%	0.06%	+0.01
FNDA Schwab Fndmntl US SM Co. ETF	Add +11.3%	0.06%	+0.00
GM General Motors Co.	Add +0.8%	0.10%	+0.00
MAR Marriott International Class A	Add +8.1%	0.09%	+0.00
PG The Procter & Gamble Co.	Add +1.9%	0.08%	+0.00
VOO Vanguard S&P 500 ETF	Add +0.5%	0.07%	+0.00
ADP Automatic Data Processing	Add +5.2%	0.21%	+0.00
INTU Intuit Inc.	Add +3.6%	0.05%	+0.00
LULU Lululemon Athletica Inc.	Add +33.8%	0.05%	+0.00
EMR Emerson Electric Co.	Add +3.5%	0.05%	+0.00
TMO Thermo Fisher Scientific Inc.	Add +2.1%	0.10%	−0.00
V Visa Inc. Class A	Add +4.2%	0.43%	−0.00
OTIS Otis Worldwide Corp.	Add +0.1%	0.23%	−0.00
HD Home Depot Inc.	Add +1.5%	0.06%	−0.01
SLB SLB Ltd.	Add +8.3%	0.14%	−0.01
WHR Whirlpool Corp.	Add +0.1%	0.21%	−0.03
AON Aon PLC Class A	Add +2.0%	0.44%	−0.04
NKE Nike Inc. Class B	Add +9.7%	0.41%	−0.05
PYPL PayPal Holdings Inc.	Add +4.7%	0.68%	−0.06

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	162	$542.4M	BRK.B, KLAC, MKL, GOOG, PGR
Q1 2026	158	$493.9M	BRK.B, MKL, KLAC, GOOG, PGR
Q4 2025	156	$529.1M	BRK.B, MKL, KLAC, GOOG, PGR
Q3 2025	156	$522.2M	BRK.B, MKL, PGR, KLAC, META
Q2 2025	151	$494.8M	BRK.B, MKL, PGR, META, MSFT
Q1 2025	146	$472.8M	BRK.B, MKL, PGR, META, MSFT
Q4 2024	149	$466.6M	BRK.B, MKL, PGR, META, MSFT
Q3 2024Amended	146	$474.3M	BRK.B, MKL, PGR, META, MSFT
Q2 2024	142	$439.8M	BRK.B, MKL, PGR, KLAC, MSFT
Q1 2024	141	$445.1M	BRK.B, MKL, PGR, MSFT, KLAC