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

0$200.0M$400.0M$600.0M Q1 2024: $445.1M Q1 2024 Q2 2024: $439.8M Q2 2024 Q3 2024: $474.3M $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 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
PG The Procter & Gamble Co. 0.08% 2,209 $383K Reduce -0.3%
GM General Motors Co. 0.08% 8,507 $381K Reduce -6.3%
T AT&T Inc. 0.08% 17,008 $374K Reduce -17.4%
AXP American Express Co. 0.08% 1,325 $359K Reduce -7.2%
SPG Simon Property Group Inc. 0.08% 2,125 $359K No change
DPZ Domino's Pizza Inc. 0.07% 814 $350K Add +2.9%
SCHX Schwab US Large-Cap ETF 0.07% 4,985 $338K Add +4.1%
SPGI S&P Global Inc. 0.07% 652 $337K Add +0.1%
TFC Truist Financial Corp. 0.07% 7,845 $336K No change
ZTS Zoetis Inc. 0.07% 1,716 $335K Add +4.6%
FDS Factset Research Systems Inc. 0.07% 729 $335K Add +9.6%
VOO Vanguard S&P 500 ETF 0.07% 610 $322K Add +2.0%
ALL Allstate Corp. 0.07% 1,685 $320K No change
VIGI Vanguard Int Div App Indx FD 0.07% 3,543 $313K Add +1.1%
HLN Haleon PLC-ADR 0.06% 29,104 $308K No change
HD Home Depot Inc. 0.06% 756 $306K Add +0.1%
AVB Avalonbay Communities Inc. 0.06% 1,350 $304K No change
FNDA Schwab Fndmntl US SM Co. ETF 0.06% 5,070 $302K Add +4.8%
GEHC GE Healthcare Technology 0.06% 3,189 $299K Reduce -5.9%
UL Unilever PLC 0.06% 4,520 $294K No change
SHEL Shell PLC-ADR 0.06% 4,452 $294K No change
VLTO Veralto Corp. 0.06% 2,605 $291K No change
FICO Fair Isaac Corp. 0.06% 148 $288K No change
VTI VG Morningstar TS MKT ETF-US 0.06% 1,015 $287K Add +0.1%
ABT Abbott Laboratories 0.06% 2,374 $271K No change
MA Mastercard Inc. Class A 0.05% 524 $259K Add +4.4%
PANW Palo Alto Networks Inc. 0.05% 750 $256K No change
FRT Federal Realty Invs Trust 0.05% 2,150 $247K No change
FAST Fastenal Co. 0.05% 3,452 $247K No change
GILD Gilead Sciences Inc. 0.05% 2,935 $246K No change
INFY Infosys Ltd.-SP ADR 0.05% 10,429 $232K No change
DOW Dow Inc. 0.05% 4,250 $232K No change
LULU Lululemon Athletica Inc. 0.05% 855 $232K Add +15.4%
LLY Eli Lilly & Co. 0.05% 260 $230K Reduce -8.8%
ORCL Oracle Corp. 0.05% 1,350 $230K New
EMR Emerson Electric Co. 0.05% 2,039 $223K No change
WELL Welltower Inc. 0.05% 1,699 $218K New
INTU Intuit Inc. 0.04% 344 $214K No change
SASR Sandy Spring Bancorp Inc. 0.04% 6,744 $212K Reduce -84.5%
SCHA Schwab US Small-Cap ETF 0.04% 4,104 $211K New
EFA iShares MSCI Eafe ETF 0.04% 2,430 $203K New
FVCB Fvcbankcorp Inc. 0.03% 12,206 $159K No change
F Ford Motor Co. filed as FORD MTR CO 0.03% 11,850 $125K Reduce -6.0%
WBD Warner Bros Discovery Inc. 0.02% 10,957 $90K No change
RANI Rani Therapeutics Holdings Class A 0.01% 19,893 $43K No change
LCTX Lineage Cell Therapeutics Inc. 0.00% 13,000 $12K 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

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