Lafayette Investments, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Lafayette Investments, Inc. reported 149 stock positions worth $466.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.7% of the portfolio, followed by Markel (MKL, 7.5%) and Progressive (PGR, 4.7%). Compared with Q3 2024, it opened 9 new positions, sold out of 6, added to 45 and reduced 64. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale Lockheed Martin (LMT, shares −14%).
- Most Recent 13F
- Q2 2026
- Location
- ASHTON, MD
- CIK
- 0001308377
- Portfolio Value
- $466.6M (Q4 2024)
- SEC Filing
- 0001308377-25-000002 ↗ filed Feb 13, 2025
Holdings Value
Holdings 149 stocks · $466.6M
| BRK.B Berkshire Hathaway Inc. Class B | 11.70% | 120,479 | $54.6M | Reduce -1.7% |
| MKL Markel Group Inc. | 7.51% | 20,310 | $35.1M | Reduce -0.5% |
| PGR Progressive Corp. | 4.73% | 92,040 | $22.1M | Reduce -2.0% |
| META Meta Platforms Inc. Class A | 3.49% | 27,823 | $16.3M | Add +0.9% |
| MSFT Microsoft Corp. | 3.23% | 35,755 | $15.1M | Add +0.4% |
| AAPL Apple Inc. | 3.13% | 58,364 | $14.6M | Add +0.1% |
| JEF Jefferies Financial Group Inc. | 2.98% | 177,217 | $13.9M | Reduce -2.0% |
| GOOG Alphabet Inc. Class C | 2.88% | 70,539 | $13.4M | Reduce -0.1% |
| KLAC KLA Corp. | 2.68% | 19,843 | $12.5M | Add +1.2% |
| PAYX Paychex Inc. | 2.62% | 87,265 | $12.2M | Add +0.0% |
| LOW Lowe's Cos Inc. | 2.50% | 47,198 | $11.6M | Reduce -0.4% |
| AZO AutoZone Inc. | 2.22% | 3,238 | $10.4M | Reduce -1.0% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.09% | 86,184 | $9.7M | Reduce -0.5% |
| NSC Norfolk Southern Corp. | 1.71% | 33,920 | $8.0M | Reduce -1.1% |
| LMT Lockheed Martin Corp. | 1.59% | 15,310 | $7.4M | Reduce -13.8% |
| SCHW Schwab (charles) Corp. | 1.56% | 98,230 | $7.3M | Add +0.5% |
| DEO Diageo PLC-Sponsored ADR | 1.53% | 56,241 | $7.1M | Add +0.9% |
| JNJ Johnson & Johnson | 1.52% | 48,960 | $7.1M | Add +1.2% |
| PEP Pepsico Inc. | 1.44% | 44,167 | $6.7M | Add +9.7% |
| SBUX Starbucks Corp. | 1.41% | 72,142 | $6.6M | Reduce -2.5% |
| L Loews Corp. | 1.34% | 74,075 | $6.3M | Reduce -2.5% |
| LII Lennox International Inc. | 1.30% | 9,993 | $6.1M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 1.24% | 6,293 | $5.8M | Add +0.4% |
| PAYC Paycom Software Inc. | 1.22% | 27,842 | $5.7M | Add +1.1% |
| GPC Genuine Parts Co. | 1.22% | 48,749 | $5.7M | Add +0.3% |
| B Barrick Gold Corp. | 1.14% | 344,187 | $5.3M | Reduce -1.4% |
| PYPL PayPal Holdings Inc. | 0.99% | 54,394 | $4.6M | Add +2.9% |
| ACN Accenture PLC Class A | 0.99% | 13,125 | $4.6M | Reduce -1.1% |
| CHKP Check Point Software Tech | 0.96% | 24,000 | $4.5M | Reduce -1.2% |
| ESAB Esab Corp. | 0.91% | 35,381 | $4.2M | Reduce -1.4% |
| MRSH Marsh & McLennan Cos | 0.91% | 19,923 | $4.2M | Reduce -0.8% |
| ALLE Allegion PLC | 0.90% | 32,252 | $4.2M | Reduce -0.3% |
| PH Parker Hannifin Corp. | 0.87% | 6,406 | $4.1M | Reduce -40.6% |
| KO The Coca-Cola Co. | 0.87% | 65,059 | $4.1M | Reduce -0.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.86% | 36,203 | $4.0M | Reduce -1.1% |
| GHC Graham Holdings Co. Class B | 0.81% | 4,358 | $3.8M | Reduce -3.7% |
| XOM Exxon Mobil Corp. | 0.81% | 35,097 | $3.8M | Add +0.0% |
| AMZN Amazon.com Inc. | 0.80% | 16,929 | $3.7M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 0.72% | 14,068 | $3.4M | Reduce -0.2% |
| GLW Corning Inc. | 0.72% | 70,518 | $3.4M | Reduce -2.2% |
| NKE Nike Inc. Class B | 0.71% | 44,024 | $3.3M | Reduce -4.5% |
| ANET Arista Networks Inc. | 0.69% | 29,086 | $3.2M | Reduce -11.5% |
| MSGS Madison Square Garden Sports | 0.69% | 14,216 | $3.2M | Reduce -4.1% |
| WAT Waters Corp. | 0.67% | 8,449 | $3.1M | Reduce -1.6% |
| AOS Smith (a.o.) Corp. | 0.64% | 43,841 | $3.0M | Add +4.4% |
| MHK Mohawk Industries Inc. | 0.64% | 25,098 | $3.0M | Reduce -0.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.52% | 55,256 | $2.4M | Reduce -1.4% |
| V Visa Inc. Class A | 0.52% | 7,661 | $2.4M | Reduce -1.9% |
| AON Aon PLC Class A | 0.50% | 6,488 | $2.3M | Reduce -1.2% |
| ULTA Ulta Beauty Inc. | 0.47% | 5,094 | $2.2M | Add +3.2% |
| TXN Texas Instruments Inc. | 0.46% | 11,436 | $2.1M | Reduce -1.6% |
| DHR Danaher Corp. | 0.42% | 8,482 | $1.9M | Add +8.0% |
| MCD McDonald's Corp. | 0.42% | 6,697 | $1.9M | Add +7.4% |
| CVX Chevron Corp. | 0.41% | 13,132 | $1.9M | Reduce -3.3% |
| HAS Hasbro Inc. | 0.35% | 28,814 | $1.6M | Reduce -0.5% |
| HSY The Hershey Co. | 0.32% | 8,901 | $1.5M | Reduce -0.9% |
| CTSH Cognizant Tech Solutions-A | 0.28% | 17,085 | $1.3M | Reduce -3.1% |
| SEIC Sei Investments Company | 0.28% | 15,899 | $1.3M | Reduce -6.3% |
| BKNG Booking Holdings Inc. | 0.25% | 233 | $1.2M | No change |
| WFC Wells Fargo & Co. | 0.24% | 15,995 | $1.1M | No change |
| ADP Automatic Data Processing | 0.23% | 3,726 | $1.1M | No change |
| OTIS Otis Worldwide Corp. | 0.23% | 11,600 | $1.1M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 1,749 | $1.0M | Add +31.9% |
| WHR Whirlpool Corp. | 0.22% | 8,809 | $1.0M | Reduce -0.8% |
| AVGO Broadcom Inc. | 0.21% | 4,180 | $969K | No change |
| MTD Mettler-Toledo International | 0.19% | 726 | $888K | Reduce -2.0% |
| NVDA Nvidia Corp. | 0.19% | 6,610 | $888K | No change |
| ADBE Adobe Inc. | 0.19% | 1,960 | $872K | Add +32.6% |
| ASML ASML Holding NV-NY Reg SHS | 0.18% | 1,179 | $817K | Add +128.1% |
| VZ Verizon Communications Inc. | 0.17% | 19,891 | $795K | Reduce -17.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.17% | 3,602 | $792K | Add +0.5% |
| GSK GSK PLC-Spon ADR | 0.17% | 23,300 | $788K | No change |
| FISV Fiserv Inc. | 0.16% | 3,599 | $739K | No change |
| CRWD CrowdStrike Holdings Inc. Class A | 0.16% | 2,150 | $736K | Add +38.7% |
| HON Honeywell International Inc. | 0.15% | 3,190 | $721K | Reduce -19.0% |
| GOOGL Alphabet Inc. Class A | 0.15% | 3,759 | $712K | Add +5.0% |
| MRK Merck & Co. Inc. | 0.15% | 6,908 | $687K | No change |
| TT Trane Technologies PLC | 0.14% | 1,722 | $636K | No change |
| CAT Caterpillar Inc. | 0.14% | 1,736 | $630K | Add +19.7% |
| CABO Cable One Inc. | 0.12% | 1,594 | $577K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.12% | 23,574 | $558K | Add +21.0% |
| PFE Pfizer Inc. | 0.12% | 20,758 | $551K | Add +2.8% |
| PG The Procter & Gamble Co. | 0.12% | 3,253 | $545K | Add +47.3% |
| GD General Dynamics Corp. | 0.12% | 2,062 | $543K | Reduce -6.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.12% | 14,000 | $537K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.11% | 5,946 | $511K | Add +48.6% |
| MO Altria Group Inc. | 0.11% | 9,738 | $509K | Reduce -0.5% |
| RTX RTX Corp. | 0.11% | 4,276 | $495K | Reduce -4.5% |
| GLD SPDR Gold Shares | 0.10% | 2,013 | $487K | No change |
| MAR Marriott International Class A | 0.10% | 1,746 | $487K | Reduce -2.0% |
| ETN Eaton Corp. PLC | 0.10% | 1,450 | $481K | Reduce -1.7% |
| VTS Vitesse Energy Inc. | 0.10% | 19,094 | $477K | Reduce -0.9% |
| EGBN Eagle Bancorp Inc. | 0.10% | 17,500 | $456K | Reduce -4.4% |
| GM General Motors Co. | 0.10% | 8,507 | $453K | No change |
| INTC Intel Corp. | 0.09% | 21,829 | $438K | Reduce -63.1% |
| TMO Thermo Fisher Scientific Inc. | 0.09% | 830 | $432K | No change |
| PANW Palo Alto Networks Inc. | 0.09% | 2,300 | $419K | Add +53.3% |
| FDX FedEx Corp. | 0.09% | 1,430 | $402K | Reduce -1.0% |
| ABBV Abbvie Inc. | 0.09% | 2,242 | $398K | No change |
| T AT&T Inc. | 0.08% | 17,008 | $387K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| LMT Lockheed Martin Corp. | Reduce -13.8% | 1.59% | −0.60 |
| PH Parker Hannifin Corp. | Reduce -40.6% | 0.87% | −0.56 |
| B Barrick Gold Corp. | Reduce -1.4% | 1.14% | −0.32 |
| PGR Progressive Corp. | Reduce -2.0% | 4.73% | −0.30 |
| MHK Mohawk Industries Inc. | Reduce -0.3% | 0.64% | −0.21 |
| LOW Lowe's Cos Inc. | Reduce -0.4% | 2.50% | −0.21 |
| INTC Intel Corp. | Reduce -63.1% | 0.09% | −0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.7% | 11.70% | −0.19 |
| NKE Nike Inc. Class B | Reduce -4.5% | 0.71% | −0.15 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.14 |
| KO The Coca-Cola Co. | Reduce -0.5% | 0.87% | −0.12 |
| SBUX Starbucks Corp. | Reduce -2.5% | 1.41% | −0.11 |
| HAS Hasbro Inc. | Reduce -0.5% | 0.35% | −0.10 |
| NSC Norfolk Southern Corp. | Reduce -1.1% | 1.71% | −0.09 |
| ALLE Allegion PLC | Reduce -0.3% | 0.90% | −0.09 |
| FICO Fair Isaac Corp. | Sold out | 0.00% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -17.4% | 0.17% | −0.06 |
| BF.B Brown-Forman Corp. Class B | Reduce -28.6% | 0.07% | −0.05 |
| DOW Dow Inc. | Sold out | 0.00% | −0.05 |
| TXN Texas Instruments Inc. | Reduce -1.6% | 0.46% | −0.05 |
| SASR Sandy Spring Bancorp Inc. | Sold out | 0.00% | −0.04 |
| MTD Mettler-Toledo International | Reduce -2.0% | 0.19% | −0.04 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.04 |
| HSY The Hershey Co. | Reduce -0.9% | 0.32% | −0.04 |
| MRSH Marsh & McLennan Cos | Reduce -0.8% | 0.91% | −0.04 |
| TFC Truist Financial Corp. | Reduce -39.8% | 0.04% | −0.03 |
| CHKP Check Point Software Tech | Reduce -1.2% | 0.96% | −0.03 |
| GD General Dynamics Corp. | Reduce -6.6% | 0.12% | −0.02 |
| OTIS Otis Worldwide Corp. | Reduce -0.1% | 0.23% | −0.02 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -9.3% | 0.07% | −0.02 |
| HON Honeywell International Inc. | Reduce -19.0% | 0.15% | −0.02 |
| CVX Chevron Corp. | Reduce -3.3% | 0.41% | −0.01 |
| RTX RTX Corp. | Reduce -4.5% | 0.11% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -10.2% | 0.05% | −0.01 |
| HD Home Depot Inc. | Reduce -6.6% | 0.06% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -3.1% | 0.28% | −0.01 |
| F Ford Motor Co. | Reduce -3.4% | 0.02% | −0.00 |
| SPG Simon Property Group Inc. | Reduce -4.7% | 0.07% | −0.00 |
| ABT Abbott Laboratories | Reduce -1.7% | 0.06% | −0.00 |
| INFY Infosys Ltd.-SP ADR | Reduce -0.0% | 0.05% | 0.00 |
| ETN Eaton Corp. PLC | Reduce -1.7% | 0.10% | +0.00 |
| ACN Accenture PLC Class A | Reduce -1.1% | 0.99% | +0.00 |
| AXP American Express Co. | Reduce -9.4% | 0.08% | +0.00 |
| GILD Gilead Sciences Inc. | Reduce -7.9% | 0.05% | +0.00 |
| FDX FedEx Corp. | Reduce -1.0% | 0.09% | +0.00 |
| MO Altria Group Inc. | Reduce -0.5% | 0.11% | +0.00 |
| VTS Vitesse Energy Inc. | Reduce -0.9% | 0.10% | +0.00 |
| EGBN Eagle Bancorp Inc. | Reduce -4.4% | 0.10% | +0.01 |
| MAR Marriott International Class A | Reduce -2.0% | 0.10% | +0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +0.1% | 3.13% | +0.27 |
| PAYC Paycom Software Inc. | Add +1.1% | 1.22% | +0.26 |
| SCHW Schwab (charles) Corp. | Add +0.5% | 1.56% | +0.22 |
| META Meta Platforms Inc. Class A | Add +0.9% | 3.49% | +0.17 |
| PAYX Paychex Inc. | Add +0.0% | 2.62% | +0.15 |
| AMZN Amazon.com Inc. | Add +1.6% | 0.80% | +0.14 |
| PYPL PayPal Holdings Inc. | Add +2.9% | 0.99% | +0.13 |
| ASML ASML Holding NV-NY Reg SHS | Add +128.1% | 0.18% | +0.08 |
| UBER Uber Technologies Inc. | New | 0.08% | +0.08 |
| ULTA Ulta Beauty Inc. | Add +3.2% | 0.47% | +0.07 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +38.7% | 0.16% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.07% | +0.07 |
| COST Costco Wholesale Corp. | Add +0.4% | 1.24% | +0.06 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.06% | +0.06 |
| AXON Axon Enterprise Inc. | New | 0.06% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +31.9% | 0.22% | +0.06 |
| PLTR Palantir Technologies Inc. Class A | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | New | 0.05% | +0.05 |
| RSP Invesco S&P 500 Equal Weight | New | 0.04% | +0.04 |
| CSCO Cisco Systems Inc. | New | 0.04% | +0.04 |
| KMI Kinder Morgan Inc. | New | 0.04% | +0.04 |
| PG The Procter & Gamble Co. | Add +47.3% | 0.12% | +0.04 |
| PANW Palo Alto Networks Inc. | Add +53.3% | 0.09% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +5.0% | 0.15% | +0.03 |
| ADBE Adobe Inc. | Add +32.6% | 0.19% | +0.03 |
| LULU Lululemon Athletica Inc. | Add +4.8% | 0.07% | +0.02 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +21.0% | 0.12% | +0.02 |
| MCD McDonald's Corp. | Add +7.4% | 0.42% | +0.02 |
| CAT Caterpillar Inc. | Add +19.7% | 0.14% | +0.02 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +19.8% | 0.08% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +11.6% | 0.08% | +0.01 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +48.6% | 0.11% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +16.9% | 0.05% | +0.01 |
| VIGI Vanguard Int Div App Indx FD | Add +21.7% | 0.07% | +0.01 |
| MA Mastercard Inc. Class A | Add +4.8% | 0.06% | +0.01 |
| VLTO Veralto Corp. | Add +18.3% | 0.07% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 0.07% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.5% | 0.06% | +0.00 |
| IBM Intl Business Machines Corp. | Add +0.5% | 0.17% | +0.00 |
| INTU Intuit Inc. | Add +2.9% | 0.05% | +0.00 |
| SPGI S&P Global Inc. | Add +2.5% | 0.07% | +0.00 |
| MSFT Microsoft Corp. | Add +0.4% | 3.23% | +0.00 |
| DPZ Domino's Pizza Inc. | Add +0.3% | 0.07% | −0.00 |
| LLY Eli Lilly & Co. | Add +3.9% | 0.04% | −0.00 |
| PEP Pepsico Inc. | Add +9.7% | 1.44% | −0.00 |
| PFE Pfizer Inc. | Add +2.8% | 0.12% | −0.01 |
| ZTS Zoetis Inc. | Add +5.7% | 0.06% | −0.01 |
| DHR Danaher Corp. | Add +8.0% | 0.42% | −0.04 |
| XOM Exxon Mobil Corp. | Add +0.0% | 0.81% | −0.06 |
| DEO Diageo PLC-Sponsored ADR | Add +0.9% | 1.53% | −0.12 |
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 |