Lafayette Investments, Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed February 13, 2025), Lafayette Investments, Inc. reported 146 stock positions worth $474.3 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.9% of the portfolio, followed by Markel (MKL, 6.7%) and Progressive (PGR, 5.0%). Compared with Q2 2024, it opened 5 new positions, sold out of 1, added to 47 and reduced 51. The biggest buy was Nike Class B (NKE, shares +91%) and the biggest sale Lennox International (LII, shares −53%).
- Most Recent 13F
- Q2 2026
- Location
- ASHTON, MD
- CIK
- 0001308377
- Portfolio Value
- $474.3M (Q3 2024)
- SEC Filing
- 0001308377-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 146 stocks · $474.3M
| BRK.B Berkshire Hathaway Inc. Class B | 11.89% | 122,548 | $56.4M | Reduce -2.3% |
| MKL Markel Group Inc. | 6.75% | 20,406 | $32.0M | Reduce -0.3% |
| PGR Progressive Corp. | 5.03% | 93,970 | $23.8M | Reduce -2.6% |
| META Meta Platforms Inc. Class A | 3.33% | 27,561 | $15.8M | Add +0.1% |
| MSFT Microsoft Corp. | 3.23% | 35,606 | $15.3M | Add +0.0% |
| KLAC KLA Corp. | 3.20% | 19,608 | $15.2M | Add +0.5% |
| AAPL Apple Inc. | 2.86% | 58,299 | $13.6M | Reduce -0.1% |
| LOW Lowe's Cos Inc. | 2.71% | 47,403 | $12.8M | Reduce -0.2% |
| GOOG Alphabet Inc. Class C | 2.49% | 70,579 | $11.8M | Reduce -0.1% |
| PAYX Paychex Inc. | 2.47% | 87,253 | $11.7M | Reduce -0.3% |
| JEF Jefferies Financial Group Inc. | 2.35% | 180,870 | $11.1M | Reduce -0.9% |
| LMT Lockheed Martin Corp. | 2.19% | 17,770 | $10.4M | Reduce -0.1% |
| AZO AutoZone Inc. | 2.17% | 3,270 | $10.3M | Reduce -0.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.99% | 86,614 | $9.4M | Reduce -1.1% |
| NSC Norfolk Southern Corp. | 1.80% | 34,294 | $8.5M | Reduce -0.4% |
| JNJ Johnson & Johnson | 1.65% | 48,363 | $7.8M | Add +0.1% |
| DEO Diageo PLC-Sponsored ADR | 1.65% | 55,764 | $7.8M | Add +1.9% |
| SBUX Starbucks Corp. | 1.52% | 73,963 | $7.2M | Add +1.7% |
| B Barrick Gold Corp. | 1.46% | 349,052 | $6.9M | Add +1.7% |
| PEP Pepsico Inc. | 1.44% | 40,275 | $6.8M | Reduce -0.2% |
| PH Parker Hannifin Corp. | 1.44% | 10,787 | $6.8M | Reduce -0.1% |
| GPC Genuine Parts Co. | 1.43% | 48,579 | $6.8M | Add +0.0% |
| SCHW Schwab (charles) Corp. | 1.34% | 97,750 | $6.3M | Add +0.8% |
| LII Lennox International Inc. | 1.28% | 10,081 | $6.1M | Reduce -53.0% |
| L Loews Corp. | 1.27% | 75,974 | $6.0M | Reduce -0.5% |
| COST Costco Wholesale Corp. | 1.17% | 6,270 | $5.6M | No change |
| ALLE Allegion PLC | 0.99% | 32,332 | $4.7M | Reduce -0.5% |
| KO The Coca-Cola Co. | 0.99% | 65,351 | $4.7M | Reduce -1.6% |
| ACN Accenture PLC Class A | 0.99% | 13,278 | $4.7M | Add +0.1% |
| CHKP Check Point Software Tech | 0.99% | 24,284 | $4.7M | Reduce -1.1% |
| PAYC Paycom Software Inc. | 0.97% | 27,539 | $4.6M | Add +13.0% |
| MRSH Marsh & McLennan Cos | 0.94% | 20,083 | $4.5M | Reduce -8.8% |
| PYPL PayPal Holdings Inc. | 0.87% | 52,845 | $4.1M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.87% | 35,089 | $4.1M | Reduce -0.8% |
| NKE Nike Inc. Class B | 0.86% | 46,097 | $4.1M | Add +90.7% |
| MHK Mohawk Industries Inc. | 0.85% | 25,173 | $4.0M | Reduce -1.0% |
| ESAB Esab Corp. | 0.80% | 35,876 | $3.8M | Reduce -4.3% |
| AOS Smith (a.o.) Corp. | 0.80% | 41,980 | $3.8M | Add +4.3% |
| GHC Graham Holdings Co. Class B | 0.78% | 4,525 | $3.7M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 36,599 | $3.5M | Add +1.4% |
| GLW Corning Inc. | 0.69% | 72,073 | $3.3M | Reduce -1.7% |
| ANET Arista Networks Inc. | 0.66% | 8,214 | $3.2M | Reduce -4.6% |
| AMZN Amazon.com Inc. | 0.65% | 16,664 | $3.1M | Add +13.5% |
| WAT Waters Corp. | 0.65% | 8,586 | $3.1M | No change |
| MSGS Madison Square Garden Sports | 0.65% | 14,826 | $3.1M | Reduce -2.6% |
| JPM JPMorgan Chase & Co. | 0.63% | 14,093 | $3.0M | Reduce -0.2% |
| TXN Texas Instruments Inc. | 0.51% | 11,620 | $2.4M | Reduce -0.5% |
| AON Aon PLC Class A | 0.48% | 6,568 | $2.3M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.47% | 56,054 | $2.2M | Reduce -0.8% |
| DHR Danaher Corp. | 0.46% | 7,857 | $2.2M | No change |
| V Visa Inc. Class A | 0.45% | 7,807 | $2.1M | Add +8.4% |
| HAS Hasbro Inc. | 0.44% | 28,948 | $2.1M | Reduce -0.8% |
| CVX Chevron Corp. | 0.42% | 13,582 | $2.0M | Reduce -0.3% |
| ULTA Ulta Beauty Inc. | 0.41% | 4,938 | $1.9M | Add +2.8% |
| MCD McDonald's Corp. | 0.40% | 6,234 | $1.9M | Add +2.3% |
| HSY The Hershey Co. | 0.36% | 8,982 | $1.7M | Add +0.0% |
| INTC Intel Corp. | 0.29% | 59,114 | $1.4M | Add +1.2% |
| CTSH Cognizant Tech Solutions-A | 0.29% | 17,635 | $1.4M | No change |
| OTIS Otis Worldwide Corp. | 0.25% | 11,608 | $1.2M | Add +9.2% |
| SEIC Sei Investments Company | 0.25% | 16,974 | $1.2M | Reduce -0.1% |
| MTD Mettler-Toledo International | 0.23% | 741 | $1.1M | Reduce -11.0% |
| VZ Verizon Communications Inc. | 0.23% | 24,091 | $1.1M | Reduce -0.1% |
| ADP Automatic Data Processing | 0.22% | 3,726 | $1.0M | Reduce -4.1% |
| BKNG Booking Holdings Inc. | 0.21% | 233 | $981K | Add +100.9% |
| GSK GSK PLC-Spon ADR | 0.20% | 23,300 | $953K | No change |
| WHR Whirlpool Corp. | 0.20% | 8,883 | $950K | Reduce -0.8% |
| WFC Wells Fargo & Co. | 0.19% | 15,995 | $904K | No change |
| HON Honeywell International Inc. | 0.17% | 3,940 | $814K | No change |
| NVDA Nvidia Corp. | 0.17% | 6,610 | $803K | Add +15.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 3,584 | $792K | No change |
| MRK Merck & Co. Inc. | 0.17% | 6,908 | $784K | No change |
| ADBE Adobe Inc. | 0.16% | 1,478 | $765K | Add +32.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 1,326 | $761K | Add +4.0% |
| AVGO Broadcom Inc. | 0.15% | 4,180 | $721K | Add +6.4% |
| WBA Walgreens Boots Alliance Inc. | 0.14% | 75,479 | $676K | Add +0.6% |
| TT Trane Technologies PLC | 0.14% | 1,722 | $669K | No change |
| GD General Dynamics Corp. | 0.14% | 2,207 | $667K | Reduce -0.1% |
| FISV Fiserv Inc. | 0.14% | 3,599 | $647K | Reduce -7.1% |
| GOOGL Alphabet Inc. Class A | 0.13% | 3,579 | $594K | Add +18.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.12% | 14,000 | $587K | Add +7.7% |
| PFE Pfizer Inc. | 0.12% | 20,199 | $585K | Reduce -0.5% |
| BF.B Brown-Forman Corp. Class B | 0.12% | 11,698 | $576K | Add +4.9% |
| CAT Caterpillar Inc. | 0.12% | 1,450 | $567K | No change |
| CABO Cable One Inc. | 0.12% | 1,594 | $558K | Reduce -4.5% |
| RTX RTX Corp. | 0.11% | 4,476 | $542K | No change |
| TMO Thermo Fisher Scientific Inc. | 0.11% | 830 | $513K | No change |
| MO Altria Group Inc. | 0.11% | 9,788 | $500K | No change |
| GLD SPDR Gold Shares | 0.10% | 2,013 | $489K | No change |
| ETN Eaton Corp. PLC | 0.10% | 1,475 | $489K | Add +103.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.10% | 4,000 | $476K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.10% | 6,492 | $466K | Add +3.2% |
| VTS Vitesse Energy Inc. | 0.10% | 19,260 | $463K | Reduce -0.4% |
| ALRS Alerus Financial Corp. | 0.10% | 20,100 | $460K | No change |
| MAR Marriott International Class A | 0.09% | 1,781 | $443K | Add +9.7% |
| ABBV Abbvie Inc. | 0.09% | 2,242 | $443K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.09% | 1,550 | $435K | New |
| ASML ASML Holding NV-NY Reg SHS | 0.09% | 517 | $431K | Add +27.0% |
| EGBN Eagle Bancorp Inc. | 0.09% | 18,300 | $413K | Reduce -3.7% |
| UNH Unitedhealth Group Inc. | 0.09% | 700 | $409K | Reduce -24.3% |
| FDX FedEx Corp. | 0.08% | 1,445 | $395K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| LII Lennox International Inc. | Reduce -53.0% | 1.28% | −1.32 |
| MKL Markel Group Inc. | Reduce -0.3% | 6.75% | −0.58 |
| GOOG Alphabet Inc. Class C | Reduce -0.1% | 2.49% | −0.46 |
| TROW T Rowe Price Group Inc. | Reduce -1.1% | 1.99% | −0.31 |
| SASR Sandy Spring Bancorp Inc. | Reduce -84.5% | 0.04% | −0.20 |
| MRSH Marsh & McLennan Cos | Reduce -8.8% | 0.94% | −0.11 |
| PEP Pepsico Inc. | Reduce -0.2% | 1.44% | −0.07 |
| CVX Chevron Corp. | Reduce -0.3% | 0.42% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.8% | 0.87% | −0.06 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.05 |
| BAC Bank of America Corp. | Reduce -0.8% | 0.47% | −0.04 |
| AZO AutoZone Inc. | Reduce -0.2% | 2.17% | −0.04 |
| L Loews Corp. | Reduce -0.5% | 1.27% | −0.03 |
| MTD Mettler-Toledo International | Reduce -11.0% | 0.23% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.63% | −0.02 |
| ANET Arista Networks Inc. | Reduce -4.6% | 0.66% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -24.3% | 0.09% | −0.02 |
| CABO Cable One Inc. | Reduce -4.5% | 0.12% | −0.02 |
| GM General Motors Co. | Reduce -6.3% | 0.08% | −0.02 |
| T AT&T Inc. | Reduce -17.4% | 0.08% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -0.5% | 0.51% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -8.8% | 0.05% | −0.01 |
| F Ford Motor Co. | Reduce -6.0% | 0.03% | −0.01 |
| WHR Whirlpool Corp. | Reduce -0.8% | 0.20% | −0.01 |
| VTS Vitesse Energy Inc. | Reduce -0.4% | 0.10% | −0.01 |
| PFE Pfizer Inc. | Reduce -0.5% | 0.12% | −0.01 |
| GD General Dynamics Corp. | Reduce -0.1% | 0.14% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 0.08% | −0.00 |
| SEIC Sei Investments Company | Reduce -0.1% | 0.25% | −0.00 |
| ESAB Esab Corp. | Reduce -4.3% | 0.80% | −0.00 |
| MSGS Madison Square Garden Sports | Reduce -2.6% | 0.65% | −0.00 |
| AXP American Express Co. | Reduce -7.2% | 0.08% | +0.00 |
| VZ Verizon Communications Inc. | Reduce -0.1% | 0.23% | +0.00 |
| GEHC GE Healthcare Technology | Reduce -5.9% | 0.06% | +0.00 |
| FISV Fiserv Inc. | Reduce -7.1% | 0.14% | +0.01 |
| EGBN Eagle Bancorp Inc. | Reduce -3.7% | 0.09% | +0.01 |
| ADP Automatic Data Processing | Reduce -4.1% | 0.22% | +0.01 |
| KO The Coca-Cola Co. | Reduce -1.6% | 0.99% | +0.03 |
| GLW Corning Inc. | Reduce -1.7% | 0.69% | +0.04 |
| HAS Hasbro Inc. | Reduce -0.8% | 0.44% | +0.05 |
| CHKP Check Point Software Tech | Reduce -1.1% | 0.99% | +0.07 |
| AAPL Apple Inc. | Reduce -0.1% | 2.86% | +0.07 |
| PAYX Paychex Inc. | Reduce -0.3% | 2.47% | +0.11 |
| NSC Norfolk Southern Corp. | Reduce -0.4% | 1.80% | +0.12 |
| ALLE Allegion PLC | Reduce -0.5% | 0.99% | +0.12 |
| PH Parker Hannifin Corp. | Reduce -0.1% | 1.44% | +0.19 |
| MHK Mohawk Industries Inc. | Reduce -1.0% | 0.85% | +0.20 |
| JEF Jefferies Financial Group Inc. | Reduce -0.9% | 2.35% | +0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.3% | 11.89% | +0.29 |
| LMT Lockheed Martin Corp. | Reduce -0.1% | 2.19% | +0.30 |
Portfolio Buys Q2 2024 → Q3 2024
| NKE Nike Inc. Class B | Add +90.7% | 0.86% | +0.44 |
| SBUX Starbucks Corp. | Add +1.7% | 1.52% | +0.23 |
| PYPL PayPal Holdings Inc. | Add +2.2% | 0.87% | +0.19 |
| PAYC Paycom Software Inc. | Add +13.0% | 0.97% | +0.17 |
| META Meta Platforms Inc. Class A | Add +0.1% | 3.33% | +0.17 |
| B Barrick Gold Corp. | Add +1.7% | 1.46% | +0.16 |
| BKNG Booking Holdings Inc. | Add +100.9% | 0.21% | +0.10 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.09% | +0.09 |
| DEO Diageo PLC-Sponsored ADR | Add +1.9% | 1.65% | +0.08 |
| ACN Accenture PLC Class A | Add +0.1% | 0.99% | +0.07 |
| ETN Eaton Corp. PLC | Add +103.5% | 0.10% | +0.05 |
| ORCL Oracle Corp. | New | 0.05% | +0.05 |
| MCD McDonald's Corp. | Add +2.3% | 0.40% | +0.05 |
| AOS Smith (a.o.) Corp. | Add +4.3% | 0.80% | +0.05 |
| WELL Welltower Inc. | New | 0.05% | +0.05 |
| JNJ Johnson & Johnson | Add +0.1% | 1.65% | +0.05 |
| SCHA Schwab US Small-Cap ETF | New | 0.04% | +0.04 |
| EFA iShares MSCI Eafe ETF | New | 0.04% | +0.04 |
| V Visa Inc. Class A | Add +8.4% | 0.45% | +0.02 |
| OTIS Otis Worldwide Corp. | Add +9.2% | 0.25% | +0.02 |
| ADBE Adobe Inc. | Add +32.7% | 0.16% | +0.02 |
| BF.B Brown-Forman Corp. Class B | Add +4.9% | 0.12% | +0.01 |
| AMZN Amazon.com Inc. | Add +13.5% | 0.65% | +0.01 |
| FDS Factset Research Systems Inc. | Add +9.6% | 0.07% | +0.01 |
| NVDA Nvidia Corp. | Add +15.8% | 0.17% | +0.01 |
| AVGO Broadcom Inc. | Add +6.4% | 0.15% | +0.01 |
| ZTS Zoetis Inc. | Add +4.6% | 0.07% | +0.01 |
| HD Home Depot Inc. | Add +0.1% | 0.06% | +0.01 |
| SPGI S&P Global Inc. | Add +0.1% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Add +4.4% | 0.05% | +0.00 |
| MAR Marriott International Class A | Add +9.7% | 0.09% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +4.8% | 0.06% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +4.0% | 0.16% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +3.2% | 0.10% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +4.1% | 0.07% | +0.00 |
| VIGI Vanguard Int Div App Indx FD | Add +1.1% | 0.07% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +2.0% | 0.07% | −0.00 |
| GOOGL Alphabet Inc. Class A | Add +18.0% | 0.13% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.06% | −0.00 |
| LULU Lululemon Athletica Inc. | Add +15.4% | 0.05% | −0.00 |
| ASML ASML Holding NV-NY Reg SHS | Add +27.0% | 0.09% | −0.00 |
| HSY The Hershey Co. | Add +0.0% | 0.36% | −0.01 |
| SLB SLB Ltd. | Add +7.7% | 0.12% | −0.02 |
| ULTA Ulta Beauty Inc. | Add +2.8% | 0.41% | −0.02 |
| DPZ Domino's Pizza Inc. | Add +2.9% | 0.07% | −0.02 |
| WBA Walgreens Boots Alliance Inc. | Add +0.6% | 0.14% | −0.06 |
| DIS The Walt Disney Co. | Add +1.4% | 0.74% | −0.07 |
| GPC Genuine Parts Co. | Add +0.0% | 1.43% | −0.10 |
| INTC Intel Corp. | Add +1.2% | 0.29% | −0.12 |
| SCHW Schwab (charles) Corp. | Add +0.8% | 1.34% | −0.29 |
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 |