Lafayette Investments, Inc.

Name: Lafayette Investments, Inc. 13F holdings, Q1 2025
Creator: Lafayette Investments, Inc.
Published: 2025-04-24

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
CABO Cable One Inc.	0.09%	1,564	$416K	Reduce -1.9%
GM General Motors Co.	0.08%	8,507	$400K	No change
FDX FedEx Corp.	0.08%	1,619	$395K	Add +13.2%
SPGI S&P Global Inc.	0.08%	767	$390K	Add +14.8%
FDS Factset Research Systems Inc.	0.08%	846	$385K	Add +16.1%
VLTO Veralto Corp.	0.08%	3,940	$384K	Add +27.9%
MTD Mettler-Toledo International	0.08%	321	$379K	Reduce -55.8%
UNH Unitedhealth Group Inc.	0.08%	723	$379K	Add +13.9%
SCHX Schwab US Large-Cap ETF	0.08%	16,866	$372K	Add +1.1%
ALRS Alerus Financial Corp.	0.08%	20,100	$371K	No change
FNV Franco-Nevada Corp.	0.08%	2,286	$360K	New
VIGI Vanguard Int Div App Indx FD	0.08%	4,326	$359K	Add +0.3%
EGBN Eagle Bancorp Inc.	0.07%	16,750	$352K	Reduce -4.3%
ALL Allstate Corp.	0.07%	1,685	$349K	No change
FNDA Schwab Fndmntl US SM Co. ETF	0.07%	12,551	$344K	Add +3.3%
ABT Abbott Laboratories	0.07%	2,571	$341K	Add +10.2%
SPG Simon Property Group Inc.	0.07%	2,025	$336K	No change
VOO Vanguard S&P 500 ETF	0.07%	622	$320K	Add +0.3%
MA Mastercard Inc. Class A	0.07%	575	$315K	Add +4.7%
COF Capital One Financial Corp.	0.07%	1,734	$311K	New
AXP American Express Co.	0.06%	1,121	$302K	Reduce -6.7%
HLN Haleon PLC-ADR	0.06%	29,104	$299K	No change
SHEL Shell PLC-ADR	0.06%	4,000	$293K	No change
AVB Avalonbay Communities Inc.	0.06%	1,350	$290K	No change
LULU Lululemon Athletica Inc.	0.06%	1,015	$287K	Add +13.3%
INTU Intuit Inc.	0.06%	463	$284K	Add +30.8%
VTI VG Morningstar TS MKT ETF-US	0.06%	1,005	$276K	Reduce -2.4%
GILD Gilead Sciences Inc.	0.06%	2,454	$275K	Reduce -9.3%
BF.B Brown-Forman Corp. Class B	0.06%	7,973	$271K	Reduce -4.6%
UL Unilever PLC	0.06%	4,520	$269K	No change
FAST Fastenal Co.	0.06%	3,452	$268K	No change
AXON Axon Enterprise Inc.	0.06%	500	$263K	No change
WELL Welltower Inc.	0.06%	1,699	$260K	No change
HD Home Depot Inc.	0.05%	707	$259K	Add +0.1%
NFLX Netflix Inc.	0.05%	266	$248K	No change
LLY Eli Lilly & Co.	0.05%	295	$244K	Add +9.3%
ABNB Airbnb Inc. Class A	0.05%	1,945	$232K	New
SCHA Schwab US Small-Cap ETF	0.05%	9,824	$230K	Add +2.4%
PM Philip Morris International	0.05%	1,445	$229K	New
EMR Emerson Electric Co.	0.05%	2,039	$224K	No change
FRT Federal Realty Invs Trust	0.04%	2,150	$210K	No change
CSCO Cisco Systems Inc.	0.04%	3,387	$209K	No change
KMI Kinder Morgan Inc.	0.04%	7,220	$206K	Reduce -1.4%
FVCB Fvcbankcorp Inc.	0.03%	12,206	$129K	No change
RANI Rani Therapeutics Holdings Class A	0.01%	19,893	$25K	No change
LCTX Lineage Cell Therapeutics Inc.	0.00%	13,000	$6K	No change

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