Lafayette Investments, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 24, 2025), Lafayette Investments, Inc. reported 146 stock positions worth $472.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.4% of the portfolio, followed by Markel (MKL, 8.0%) and Progressive (PGR, 5.4%). Compared with Q4 2024, it opened 5 new positions, sold out of 8, added to 62 and reduced 56. The biggest buy was AutoZone (AZO, shares +1%) and the biggest sale Jefferies Financial (JEF, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- ASHTON, MD
- CIK
- 0001308377
- Portfolio Value
- $472.8M (Q1 2025)
- SEC Filing
- 0001308377-25-000005 ↗ filed Apr 24, 2025
Holdings Value
Holdings 146 stocks · $472.8M
| BRK.B Berkshire Hathaway Inc. Class B | 13.38% | 118,768 | $63.3M | Reduce -1.4% |
| MKL Markel Group Inc. | 8.01% | 20,248 | $37.9M | Reduce -0.3% |
| PGR Progressive Corp. | 5.43% | 90,779 | $25.7M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 3.40% | 27,858 | $16.1M | Add +0.1% |
| MSFT Microsoft Corp. | 2.87% | 36,173 | $13.6M | Add +1.2% |
| KLAC KLA Corp. | 2.86% | 19,860 | $13.5M | Add +0.1% |
| PAYX Paychex Inc. | 2.83% | 86,822 | $13.4M | Reduce -0.5% |
| AAPL Apple Inc. | 2.72% | 57,906 | $12.9M | Reduce -0.8% |
| AZO AutoZone Inc. | 2.63% | 3,259 | $12.4M | Add +0.7% |
| GOOG Alphabet Inc. Class C | 2.36% | 71,399 | $11.2M | Add +1.2% |
| LOW Lowe's Cos Inc. | 2.32% | 47,069 | $11.0M | Reduce -0.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.69% | 87,146 | $8.0M | Add +1.1% |
| NSC Norfolk Southern Corp. | 1.69% | 33,738 | $8.0M | Reduce -0.5% |
| JNJ Johnson & Johnson | 1.69% | 48,036 | $8.0M | Reduce -1.9% |
| SCHW Schwab (charles) Corp. | 1.61% | 97,500 | $7.6M | Reduce -0.7% |
| JEF Jefferies Financial Group Inc. | 1.57% | 138,858 | $7.4M | Reduce -21.6% |
| PEP Pepsico Inc. | 1.52% | 47,805 | $7.2M | Add +8.2% |
| L Loews Corp. | 1.42% | 73,192 | $6.7M | Reduce -1.2% |
| SBUX Starbucks Corp. | 1.37% | 66,076 | $6.5M | Reduce -8.4% |
| B Barrick Gold Corp. | 1.36% | 331,966 | $6.5M | Reduce -3.5% |
| LMT Lockheed Martin Corp. | 1.34% | 14,197 | $6.3M | Reduce -7.3% |
| PAYC Paycom Software Inc. | 1.31% | 28,340 | $6.2M | Add +1.8% |
| DEO Diageo PLC-Sponsored ADR | 1.29% | 58,316 | $6.1M | Add +3.7% |
| COST Costco Wholesale Corp. | 1.22% | 6,118 | $5.8M | Reduce -2.8% |
| GPC Genuine Parts Co. | 1.21% | 47,924 | $5.7M | Reduce -1.7% |
| LII Lennox International Inc. | 1.17% | 9,866 | $5.5M | Reduce -1.3% |
| CHKP Check Point Software Tech | 1.15% | 23,776 | $5.4M | Reduce -0.9% |
| MRSH Marsh & McLennan Cos | 1.02% | 19,788 | $4.8M | Reduce -0.7% |
| KO The Coca-Cola Co. | 0.98% | 64,634 | $4.6M | Reduce -0.7% |
| ACN Accenture PLC Class A | 0.94% | 14,167 | $4.4M | Add +7.9% |
| GHC Graham Holdings Co. Class B | 0.88% | 4,350 | $4.2M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.87% | 34,768 | $4.1M | Reduce -0.9% |
| ALLE Allegion PLC | 0.86% | 31,249 | $4.1M | Reduce -3.1% |
| ESAB Esab Corp. | 0.85% | 34,496 | $4.0M | Reduce -2.5% |
| PH Parker Hannifin Corp. | 0.81% | 6,312 | $3.8M | Reduce -1.5% |
| PYPL PayPal Holdings Inc. | 0.81% | 58,337 | $3.8M | Add +7.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.74% | 35,654 | $3.5M | Reduce -1.5% |
| JPM JPMorgan Chase & Co. | 0.74% | 14,219 | $3.5M | Add +1.1% |
| AMZN Amazon.com Inc. | 0.72% | 17,874 | $3.4M | Add +5.6% |
| AOS Smith (a.o.) Corp. | 0.71% | 51,535 | $3.4M | Add +17.6% |
| GLW Corning Inc. | 0.65% | 67,324 | $3.1M | Reduce -4.5% |
| WAT Waters Corp. | 0.65% | 8,300 | $3.1M | Reduce -1.8% |
| NKE Nike Inc. Class B | 0.61% | 45,393 | $2.9M | Add +3.1% |
| MHK Mohawk Industries Inc. | 0.60% | 24,903 | $2.8M | Reduce -0.8% |
| V Visa Inc. Class A | 0.59% | 7,979 | $2.8M | Add +4.2% |
| MSGS Madison Square Garden Sports | 0.58% | 14,156 | $2.8M | Reduce -0.4% |
| AON Aon PLC Class A | 0.55% | 6,544 | $2.6M | Add +0.9% |
| ANET Arista Networks Inc. | 0.49% | 29,691 | $2.3M | Add +2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.48% | 54,267 | $2.3M | Reduce -1.8% |
| CVX Chevron Corp. | 0.45% | 12,742 | $2.1M | Reduce -3.0% |
| TXN Texas Instruments Inc. | 0.44% | 11,688 | $2.1M | Add +2.2% |
| MCD McDonald's Corp. | 0.43% | 6,540 | $2.0M | Reduce -2.3% |
| HAS Hasbro Inc. | 0.37% | 28,704 | $1.8M | Reduce -0.4% |
| DHR Danaher Corp. | 0.37% | 8,471 | $1.7M | Reduce -0.1% |
| ULTA Ulta Beauty Inc. | 0.35% | 4,524 | $1.7M | Reduce -11.2% |
| ADBE Adobe Inc. | 0.32% | 4,000 | $1.5M | Add +104.1% |
| HSY The Hershey Co. | 0.32% | 8,902 | $1.5M | Add +0.0% |
| OTIS Otis Worldwide Corp. | 0.28% | 12,882 | $1.3M | Add +11.1% |
| CTSH Cognizant Tech Solutions-A | 0.27% | 16,980 | $1.3M | Reduce -0.6% |
| SEIC Sei Investments Company | 0.25% | 15,419 | $1.2M | Reduce -3.0% |
| ADP Automatic Data Processing | 0.24% | 3,750 | $1.1M | Add +0.6% |
| WFC Wells Fargo & Co. | 0.23% | 15,395 | $1.1M | Reduce -3.8% |
| BKNG Booking Holdings Inc. | 0.23% | 239 | $1.1M | Add +2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.20% | 3,852 | $958K | Add +6.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.20% | 1,435 | $951K | Add +21.7% |
| GSK GSK PLC-Spon ADR | 0.19% | 23,300 | $903K | No change |
| AVGO Broadcom Inc. | 0.18% | 5,205 | $871K | Add +24.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.18% | 2,400 | $846K | Add +11.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 1,499 | $839K | Reduce -14.3% |
| FISV Fiserv Inc. | 0.18% | 3,788 | $837K | Add +5.3% |
| MRK Merck & Co. Inc. | 0.17% | 9,044 | $812K | Add +30.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.17% | 1 | $798K | New |
| WHR Whirlpool Corp. | 0.17% | 8,811 | $794K | Add +0.0% |
| VZ Verizon Communications Inc. | 0.16% | 16,259 | $737K | Reduce -18.3% |
| HON Honeywell International Inc. | 0.15% | 3,290 | $697K | Add +3.1% |
| NVDA Nvidia Corp. | 0.14% | 6,325 | $686K | Reduce -4.3% |
| GOOGL Alphabet Inc. Class A | 0.14% | 4,287 | $663K | Add +14.1% |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 3,812 | $660K | Add +223.1% |
| RTX RTX Corp. | 0.14% | 4,933 | $653K | Add +15.4% |
| ETN Eaton Corp. PLC | 0.14% | 2,375 | $646K | Add +63.8% |
| GLD SPDR Gold Shares | 0.13% | 2,121 | $611K | Add +5.4% |
| UBER Uber Technologies Inc. | 0.13% | 8,338 | $608K | Add +37.2% |
| PG The Procter & Gamble Co. | 0.13% | 3,501 | $597K | Add +7.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.12% | 14,000 | $585K | No change |
| MO Altria Group Inc. | 0.12% | 9,738 | $584K | No change |
| TT Trane Technologies PLC | 0.12% | 1,722 | $580K | No change |
| CAT Caterpillar Inc. | 0.12% | 1,736 | $572K | No change |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.12% | 23,700 | $560K | Add +0.5% |
| GD General Dynamics Corp. | 0.12% | 1,999 | $545K | Reduce -3.1% |
| PFE Pfizer Inc. | 0.11% | 20,503 | $520K | Reduce -1.2% |
| ZTS Zoetis Inc. | 0.11% | 3,050 | $502K | Add +68.2% |
| INTC Intel Corp. | 0.10% | 21,497 | $488K | Reduce -1.5% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.10% | 7,029 | $488K | Add +18.2% |
| T AT&T Inc. | 0.10% | 16,935 | $479K | Reduce -0.4% |
| PANW Palo Alto Networks Inc. | 0.10% | 2,750 | $469K | Add +19.6% |
| VTS Vitesse Energy Inc. | 0.10% | 18,576 | $457K | Reduce -2.7% |
| TMO Thermo Fisher Scientific Inc. | 0.10% | 905 | $450K | Add +9.0% |
| ABBV Abbvie Inc. | 0.09% | 2,141 | $449K | Reduce -4.5% |
| MAR Marriott International Class A | 0.09% | 1,804 | $430K | Add +3.3% |
| DPZ Domino's Pizza Inc. | 0.09% | 905 | $416K | Add +10.9% |
Portfolio Sells Q4 2024 → Q1 2025
| JEF Jefferies Financial Group Inc. | Reduce -21.6% | 1.57% | −1.40 |
| AAPL Apple Inc. | Reduce -0.8% | 2.72% | −0.41 |
| LMT Lockheed Martin Corp. | Reduce -7.3% | 1.34% | −0.25 |
| LOW Lowe's Cos Inc. | Reduce -0.3% | 2.32% | −0.17 |
| LII Lennox International Inc. | Reduce -1.3% | 1.17% | −0.13 |
| ULTA Ulta Beauty Inc. | Reduce -11.2% | 0.35% | −0.12 |
| DIS The Walt Disney Co. | Reduce -1.5% | 0.74% | −0.12 |
| MTD Mettler-Toledo International | Reduce -55.8% | 0.08% | −0.11 |
| MSGS Madison Square Garden Sports | Reduce -0.4% | 0.58% | −0.10 |
| GLW Corning Inc. | Reduce -4.5% | 0.65% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.07 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.06 |
| PH Parker Hannifin Corp. | Reduce -1.5% | 0.81% | −0.06 |
| ESAB Esab Corp. | Reduce -2.5% | 0.85% | −0.06 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.06 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.05 |
| DHR Danaher Corp. | Reduce -0.1% | 0.37% | −0.05 |
| INFY Infosys Ltd.-SP ADR | Sold out | 0.00% | −0.05 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.05 |
| NVDA Nvidia Corp. | Reduce -4.3% | 0.14% | −0.05 |
| TFC Truist Financial Corp. | Sold out | 0.00% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -14.3% | 0.18% | −0.04 |
| BAC Bank of America Corp. | Reduce -1.8% | 0.48% | −0.04 |
| ALLE Allegion PLC | Reduce -3.1% | 0.86% | −0.04 |
| SBUX Starbucks Corp. | Reduce -8.4% | 1.37% | −0.04 |
| MHK Mohawk Industries Inc. | Reduce -0.8% | 0.60% | −0.04 |
| CABO Cable One Inc. | Reduce -1.9% | 0.09% | −0.04 |
| SEIC Sei Investments Company | Reduce -3.0% | 0.25% | −0.03 |
| WAT Waters Corp. | Reduce -1.8% | 0.65% | −0.02 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| EGBN Eagle Bancorp Inc. | Reduce -4.3% | 0.07% | −0.02 |
| NSC Norfolk Southern Corp. | Reduce -0.5% | 1.69% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -18.3% | 0.16% | −0.01 |
| AXP American Express Co. | Reduce -6.7% | 0.06% | −0.01 |
| GPC Genuine Parts Co. | Reduce -1.7% | 1.21% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 1.22% | −0.01 |
| BF.B Brown-Forman Corp. Class B | Reduce -4.6% | 0.06% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.2% | 0.11% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -3.8% | 0.23% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.6% | 0.27% | −0.01 |
| VTS Vitesse Energy Inc. | Reduce -2.7% | 0.10% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.4% | 0.06% | −0.01 |
| GD General Dynamics Corp. | Reduce -3.1% | 0.12% | −0.00 |
| KMI Kinder Morgan Inc. | Reduce -1.4% | 0.04% | +0.00 |
| GILD Gilead Sciences Inc. | Reduce -9.3% | 0.06% | +0.00 |
| ABBV Abbvie Inc. | Reduce -4.5% | 0.09% | +0.01 |
| INTC Intel Corp. | Reduce -1.5% | 0.10% | +0.01 |
| MCD McDonald's Corp. | Reduce -2.3% | 0.43% | +0.02 |
| T AT&T Inc. | Reduce -0.4% | 0.10% | +0.02 |
| HAS Hasbro Inc. | Reduce -0.4% | 0.37% | +0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| AZO AutoZone Inc. | Add +0.7% | 2.63% | +0.41 |
| KLAC KLA Corp. | Add +0.1% | 2.86% | +0.18 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.17% | +0.17 |
| ADBE Adobe Inc. | Add +104.1% | 0.32% | +0.14 |
| RSP Invesco S&P 500 Equal Weight | Add +223.1% | 0.14% | +0.10 |
| PAYC Paycom Software Inc. | Add +1.8% | 1.31% | +0.09 |
| PEP Pepsico Inc. | Add +8.2% | 1.52% | +0.08 |
| FNV Franco-Nevada Corp. | New | 0.08% | +0.08 |
| V Visa Inc. Class A | Add +4.2% | 0.59% | +0.07 |
| AOS Smith (a.o.) Corp. | Add +17.6% | 0.71% | +0.07 |
| COF Capital One Financial Corp. | New | 0.07% | +0.07 |
| AON Aon PLC Class A | Add +0.9% | 0.55% | +0.05 |
| OTIS Otis Worldwide Corp. | Add +11.1% | 0.28% | +0.05 |
| UBER Uber Technologies Inc. | Add +37.2% | 0.13% | +0.05 |
| ABNB Airbnb Inc. Class A | New | 0.05% | +0.05 |
| PM Philip Morris International | New | 0.05% | +0.05 |
| ZTS Zoetis Inc. | Add +68.2% | 0.11% | +0.04 |
| ETN Eaton Corp. PLC | Add +63.8% | 0.14% | +0.03 |
| IBM Intl Business Machines Corp. | Add +6.9% | 0.20% | +0.03 |
| RTX RTX Corp. | Add +15.4% | 0.14% | +0.03 |
| ASML ASML Holding NV-NY Reg SHS | Add +21.7% | 0.20% | +0.03 |
| GLD SPDR Gold Shares | Add +5.4% | 0.13% | +0.02 |
| MRK Merck & Co. Inc. | Add +30.9% | 0.17% | +0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +11.6% | 0.18% | +0.02 |
| FISV Fiserv Inc. | Add +5.3% | 0.18% | +0.02 |
| ABT Abbott Laboratories | Add +10.2% | 0.07% | +0.02 |
| JPM JPMorgan Chase & Co. | Add +1.1% | 0.74% | +0.01 |
| DPZ Domino's Pizza Inc. | Add +10.9% | 0.09% | +0.01 |
| VLTO Veralto Corp. | Add +27.9% | 0.08% | +0.01 |
| INTU Intuit Inc. | Add +30.8% | 0.06% | +0.01 |
| UNH Unitedhealth Group Inc. | Add +13.9% | 0.08% | +0.01 |
| SPGI S&P Global Inc. | Add +14.8% | 0.08% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +19.6% | 0.10% | +0.01 |
| PG The Procter & Gamble Co. | Add +7.6% | 0.13% | +0.01 |
| ADP Automatic Data Processing | Add +0.6% | 0.24% | +0.01 |
| LLY Eli Lilly & Co. | Add +9.3% | 0.05% | +0.01 |
| FDS Factset Research Systems Inc. | Add +16.1% | 0.08% | +0.01 |
| MA Mastercard Inc. Class A | Add +4.7% | 0.07% | +0.00 |
| TMO Thermo Fisher Scientific Inc. | Add +9.0% | 0.10% | +0.00 |
| VIGI Vanguard Int Div App Indx FD | Add +0.3% | 0.08% | +0.00 |
| HSY The Hershey Co. | Add +0.0% | 0.32% | −0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.5% | 0.12% | −0.00 |
| FDX FedEx Corp. | Add +13.2% | 0.08% | −0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.3% | 0.07% | −0.00 |
| HD Home Depot Inc. | Add +0.1% | 0.05% | −0.00 |
| SCHX Schwab US Large-Cap ETF | Add +1.1% | 0.08% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Add +2.4% | 0.05% | −0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +3.3% | 0.07% | −0.00 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +18.2% | 0.10% | −0.01 |
| HON Honeywell International Inc. | Add +3.1% | 0.15% | −0.01 |
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 |