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

0$200.0M$400.0M$600.0M Q1 2024: $445.1M Q1 2024 Q2 2024: $439.8M Q2 2024 Q3 2024: $474.3M Q3 2024 Q4 2024: $466.6M $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 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
SCHX Schwab US Large-Cap ETF 0.08% 16,684 $387K Add +11.6%
ALRS Alerus Financial Corp. 0.08% 20,100 $387K No change
UBER Uber Technologies Inc. 0.08% 6,076 $367K New
FNDA Schwab Fndmntl US SM Co. ETF 0.08% 12,150 $361K Add +19.8%
AXP American Express Co. 0.08% 1,201 $356K Reduce -9.4%
FDS Factset Research Systems Inc. 0.07% 729 $350K No change
SPG Simon Property Group Inc. 0.07% 2,025 $349K Reduce -4.7%
VIGI Vanguard Int Div App Indx FD 0.07% 4,311 $345K Add +21.7%
LULU Lululemon Athletica Inc. 0.07% 896 $343K Add +4.8%
DPZ Domino's Pizza Inc. 0.07% 816 $343K Add +0.3%
VOO Vanguard S&P 500 ETF 0.07% 620 $334K Add +1.6%
SPGI S&P Global Inc. 0.07% 668 $333K Add +2.5%
ALL Allstate Corp. 0.07% 1,685 $325K No change
UNH Unitedhealth Group Inc. 0.07% 635 $321K Reduce -9.3%
BF.B Brown-Forman Corp. Class B 0.07% 8,355 $317K Reduce -28.6%
VLTO Veralto Corp. 0.07% 3,081 $314K Add +18.3%
QQQ Invesco QQQ Trust Series 1 0.07% 593 $303K New
VTI VG Morningstar TS MKT ETF-US 0.06% 1,030 $298K Add +1.5%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.06% 701 $298K New
AXON Axon Enterprise Inc. 0.06% 500 $297K New
AVB Avalonbay Communities Inc. 0.06% 1,350 $297K No change
ZTS Zoetis Inc. 0.06% 1,813 $295K Add +5.7%
MA Mastercard Inc. Class A 0.06% 549 $289K Add +4.8%
HLN Haleon PLC-ADR 0.06% 29,104 $278K No change
HD Home Depot Inc. 0.06% 706 $275K Reduce -6.6%
PLTR Palantir Technologies Inc. Class A 0.06% 3,500 $265K New
ABT Abbott Laboratories 0.06% 2,334 $264K Reduce -1.7%
UL Unilever PLC 0.05% 4,520 $256K No change
EMR Emerson Electric Co. 0.05% 2,039 $253K No change
SHEL Shell PLC-ADR 0.05% 4,000 $251K Reduce -10.2%
GILD Gilead Sciences Inc. 0.05% 2,704 $250K Reduce -7.9%
GEHC GE Healthcare Technology 0.05% 3,189 $249K No change
FAST Fastenal Co. 0.05% 3,452 $248K No change
SCHA Schwab US Small-Cap ETF 0.05% 9,598 $248K Add +16.9%
FRT Federal Realty Invs Trust 0.05% 2,150 $241K No change
NFLX Netflix Inc. 0.05% 266 $237K New
INFY Infosys Ltd.-SP ADR 0.05% 10,428 $229K Reduce -0.0%
ORCL Oracle Corp. 0.05% 1,350 $225K No change
INTU Intuit Inc. 0.05% 354 $222K Add +2.9%
WELL Welltower Inc. 0.05% 1,699 $214K No change
LLY Eli Lilly & Co. 0.04% 270 $208K Add +3.9%
RSP Invesco S&P 500 Equal Weight 0.04% 1,180 $207K New
TFC Truist Financial Corp. 0.04% 4,727 $205K Reduce -39.8%
KMI Kinder Morgan Inc. 0.04% 7,320 $201K New
CSCO Cisco Systems Inc. 0.04% 3,387 $201K New
FVCB Fvcbankcorp Inc. 0.03% 12,206 $153K No change
F Ford Motor Co. filed as FORD MTR CO 0.02% 11,450 $113K Reduce -3.4%
RANI Rani Therapeutics Holdings Class A 0.01% 19,893 $27K No change
LCTX Lineage Cell Therapeutics Inc. 0.00% 13,000 $7K 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

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