Lafayette Investments, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Lafayette Investments, Inc. reported 151 stock positions worth $494.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.6% of the portfolio, followed by Markel (MKL, 8.1%) and Progressive (PGR, 4.8%). Compared with Q1 2025, it opened 8 new positions, sold out of 3, added to 57 and reduced 53. The biggest buy was Meta Platforms Class A (META, shares +1%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- ASHTON, MD
- CIK
- 0001308377
- Portfolio Value
- $494.8M (Q2 2025)
- SEC Filing
- 0001308377-25-000007 ↗ filed Jul 30, 2025
Holdings Value
Holdings 151 stocks · $494.8M
| BRK.B Berkshire Hathaway Inc. Class B | 11.59% | 118,045 | $57.3M | Reduce -0.6% |
| MKL Markel Group Inc. | 8.15% | 20,186 | $40.3M | Reduce -0.3% |
| PGR Progressive Corp. | 4.81% | 89,174 | $23.8M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 4.20% | 28,162 | $20.8M | Add +1.1% |
| MSFT Microsoft Corp. | 3.63% | 36,076 | $17.9M | Reduce -0.3% |
| KLAC KLA Corp. | 3.63% | 20,027 | $17.9M | Add +0.8% |
| GOOG Alphabet Inc. Class C | 2.63% | 73,290 | $13.0M | Add +2.6% |
| PAYX Paychex Inc. | 2.59% | 88,064 | $12.8M | Add +1.4% |
| AAPL Apple Inc. | 2.42% | 58,335 | $12.0M | Add +0.7% |
| AZO AutoZone Inc. | 2.37% | 3,155 | $11.7M | Reduce -3.2% |
| LOW Lowe's Cos Inc. | 2.04% | 45,432 | $10.1M | Reduce -3.5% |
| SCHW Schwab (charles) Corp. | 1.79% | 96,849 | $8.8M | Reduce -0.7% |
| NSC Norfolk Southern Corp. | 1.73% | 33,519 | $8.6M | Reduce -0.7% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.68% | 86,156 | $8.3M | Reduce -1.1% |
| JEF Jefferies Financial Group Inc. | 1.53% | 138,810 | $7.6M | Reduce -0.0% |
| JNJ Johnson & Johnson | 1.47% | 47,735 | $7.3M | Reduce -0.6% |
| B Barrick Mining Corp. | 1.39% | 330,451 | $6.9M | Reduce -0.5% |
| L Loews Corp. | 1.36% | 73,393 | $6.7M | Add +0.3% |
| PAYC Paycom Software Inc. | 1.35% | 28,850 | $6.7M | Add +1.8% |
| LMT Lockheed Martin Corp. | 1.30% | 13,939 | $6.5M | Reduce -1.8% |
| PEP Pepsico Inc. | 1.30% | 48,616 | $6.4M | Add +1.7% |
| SBUX Starbucks Corp. | 1.20% | 64,822 | $5.9M | Reduce -1.9% |
| COST Costco Wholesale Corp. | 1.17% | 5,868 | $5.8M | Reduce -4.1% |
| GPC Genuine Parts Co. | 1.16% | 47,483 | $5.8M | Reduce -0.9% |
| DEO Diageo PLC-Sponsored ADR | 1.16% | 56,935 | $5.7M | Reduce -2.4% |
| LII Lennox International Inc. | 1.09% | 9,388 | $5.4M | Reduce -4.8% |
| CHKP Check Point Software Tech | 1.01% | 22,536 | $5.0M | Reduce -5.2% |
| JPM JPMorgan Chase & Co. | 0.94% | 16,046 | $4.7M | Add +12.8% |
| KO The Coca-Cola Co. | 0.92% | 64,451 | $4.6M | Reduce -0.3% |
| PYPL PayPal Holdings Inc. | 0.91% | 60,312 | $4.5M | Add +3.4% |
| XOM Exxon Mobil Corp. | 0.91% | 41,576 | $4.5M | Add +19.6% |
| AMZN Amazon.com Inc. | 0.88% | 19,925 | $4.4M | Add +11.5% |
| PH Parker Hannifin Corp. | 0.88% | 6,214 | $4.3M | Reduce -1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.88% | 34,966 | $4.3M | Reduce -1.9% |
| ACN Accenture PLC Class A | 0.87% | 14,450 | $4.3M | Add +2.0% |
| MRSH Marsh & McLennan Cos | 0.87% | 19,624 | $4.3M | Reduce -0.8% |
| ALLE Allegion PLC | 0.86% | 29,487 | $4.2M | Reduce -5.6% |
| ESAB Esab Corp. | 0.83% | 34,258 | $4.1M | Reduce -0.7% |
| GHC Graham Holdings Co. Class B | 0.83% | 4,350 | $4.1M | No change |
| TXN Texas Instruments Inc. | 0.74% | 17,704 | $3.7M | Add +51.5% |
| GLW Corning Inc. | 0.69% | 65,253 | $3.4M | Reduce -3.1% |
| AOS Smith (a.o.) Corp. | 0.69% | 51,923 | $3.4M | Add +0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.67% | 47,754 | $3.3M | Add +579.4% |
| NKE Nike Inc. Class B | 0.65% | 45,128 | $3.2M | Reduce -0.6% |
| ANET Arista Networks Inc. | 0.62% | 29,752 | $3.0M | Add +0.2% |
| V Visa Inc. Class A | 0.59% | 8,184 | $2.9M | Add +2.6% |
| MSGS Madison Square Garden Sports | 0.58% | 13,625 | $2.8M | Reduce -3.8% |
| WAT Waters Corp. | 0.55% | 7,842 | $2.7M | Reduce -5.5% |
| MHK Mohawk Industries Inc. | 0.53% | 25,211 | $2.6M | Add +1.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.52% | 54,217 | $2.6M | Reduce -0.1% |
| AON Aon PLC Class A | 0.48% | 6,633 | $2.4M | Add +1.4% |
| HAS Hasbro Inc. | 0.42% | 27,925 | $2.1M | Reduce -2.7% |
| ADBE Adobe Inc. | 0.41% | 5,230 | $2.0M | Add +30.8% |
| MCD McDonald's Corp. | 0.37% | 6,239 | $1.8M | Reduce -4.6% |
| CVX Chevron Corp. | 0.37% | 12,662 | $1.8M | Reduce -0.6% |
| DHR Danaher Corp. | 0.34% | 8,461 | $1.7M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.34% | 6,030 | $1.7M | Add +15.8% |
| HSY The Hershey Co. | 0.29% | 8,748 | $1.5M | Reduce -1.7% |
| BKNG Booking Holdings Inc. | 0.28% | 240 | $1.4M | Add +0.4% |
| SEIC Sei Investments Company | 0.28% | 15,274 | $1.4M | Reduce -0.9% |
| CTSH Cognizant Tech Solutions-A | 0.27% | 16,908 | $1.3M | Reduce -0.4% |
| OTIS Otis Worldwide Corp. | 0.27% | 13,290 | $1.3M | Add +3.2% |
| ULTA Ulta Beauty Inc. | 0.25% | 2,663 | $1.2M | Reduce -41.1% |
| WFC Wells Fargo & Co. | 0.24% | 14,795 | $1.2M | Reduce -3.9% |
| ASML ASML Holding NV-NY Reg SHS | 0.24% | 1,470 | $1.2M | Add +2.4% |
| ADP Automatic Data Processing | 0.24% | 3,789 | $1.2M | Add +1.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.23% | 2,275 | $1.2M | Reduce -5.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.23% | 3,852 | $1.1M | No change |
| NVDA Nvidia Corp. | 0.21% | 6,475 | $1.0M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 1,499 | $926K | No change |
| GSK GSK PLC-Spon ADR | 0.18% | 23,300 | $895K | No change |
| WHR Whirlpool Corp. | 0.18% | 8,812 | $894K | Add +0.0% |
| UBER Uber Technologies Inc. | 0.17% | 8,826 | $823K | Add +5.8% |
| MRK Merck & Co. Inc. | 0.17% | 10,396 | $823K | Add +14.9% |
| ETN Eaton Corp. PLC | 0.17% | 2,300 | $821K | Reduce -3.2% |
| HON Honeywell International Inc. | 0.15% | 3,290 | $766K | No change |
| VZ Verizon Communications Inc. | 0.15% | 17,602 | $762K | Add +8.3% |
| TT Trane Technologies PLC | 0.15% | 1,722 | $753K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.15% | 1 | $729K | No change |
| GOOGL Alphabet Inc. Class A | 0.15% | 4,090 | $721K | Reduce -4.6% |
| RTX RTX Corp. | 0.15% | 4,933 | $720K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 3,832 | $696K | Add +0.5% |
| CAT Caterpillar Inc. | 0.14% | 1,736 | $674K | No change |
| GLD SPDR Gold Shares | 0.13% | 2,121 | $647K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.12% | 2,032 | $618K | Add +102.2% |
| GD General Dynamics Corp. | 0.12% | 2,068 | $603K | Add +3.5% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.12% | 23,785 | $584K | Add +0.4% |
| PANW Palo Alto Networks Inc. | 0.11% | 2,750 | $563K | No change |
| PG The Procter & Gamble Co. | 0.11% | 3,503 | $558K | Add +0.1% |
| ZTS Zoetis Inc. | 0.11% | 3,473 | $542K | Add +13.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.11% | 16,000 | $541K | Add +14.3% |
| MO Altria Group Inc. | 0.11% | 9,188 | $539K | Reduce -5.7% |
| COF Capital One Financial Corp. | 0.10% | 2,442 | $520K | Add +40.8% |
| MAR Marriott International Class A | 0.10% | 1,838 | $502K | Add +1.9% |
| PFE Pfizer Inc. | 0.10% | 20,503 | $497K | No change |
| INTC Intel Corp. | 0.10% | 21,496 | $482K | Reduce 0.0% |
| DUK Duke Energy Corp. | 0.09% | 3,904 | $461K | New |
| QCOM Qualcomm Inc. | 0.09% | 2,794 | $445K | New |
| SPGI S&P Global Inc. | 0.09% | 837 | $441K | Add +9.1% |
| ALRS Alerus Financial Corp. | 0.09% | 20,100 | $435K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 11.59% | −1.79 |
| PGR Progressive Corp. | Reduce -1.8% | 4.81% | −0.62 |
| LOW Lowe's Cos Inc. | Reduce -3.5% | 2.04% | −0.28 |
| AZO AutoZone Inc. | Reduce -3.2% | 2.37% | −0.26 |
| JNJ Johnson & Johnson | Reduce -0.6% | 1.47% | −0.21 |
| SBUX Starbucks Corp. | Reduce -1.9% | 1.20% | −0.17 |
| MRSH Marsh & McLennan Cos | Reduce -0.8% | 0.87% | −0.15 |
| CHKP Check Point Software Tech | Reduce -5.2% | 1.01% | −0.14 |
| DEO Diageo PLC-Sponsored ADR | Reduce -2.4% | 1.16% | −0.13 |
| ULTA Ulta Beauty Inc. | Reduce -41.1% | 0.25% | −0.10 |
| FISV Fiserv Inc. | Reduce -39.6% | 0.08% | −0.10 |
| WAT Waters Corp. | Reduce -5.5% | 0.55% | −0.09 |
| CABO Cable One Inc. | Sold out | 0.00% | −0.09 |
| GM General Motors Co. | Sold out | 0.00% | −0.08 |
| CVX Chevron Corp. | Reduce -0.6% | 0.37% | −0.08 |
| LII Lennox International Inc. | Reduce -4.8% | 1.09% | −0.08 |
| MCD McDonald's Corp. | Reduce -4.6% | 0.37% | −0.06 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.06 |
| KO The Coca-Cola Co. | Reduce -0.3% | 0.92% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -4.1% | 1.17% | −0.05 |
| GPC Genuine Parts Co. | Reduce -0.9% | 1.16% | −0.04 |
| JEF Jefferies Financial Group Inc. | Reduce -0.0% | 1.53% | −0.04 |
| LMT Lockheed Martin Corp. | Reduce -1.8% | 1.30% | −0.04 |
| T AT&T Inc. | Reduce -31.7% | 0.07% | −0.03 |
| DHR Danaher Corp. | Reduce -0.1% | 0.34% | −0.03 |
| HSY The Hershey Co. | Reduce -1.7% | 0.29% | −0.03 |
| ESAB Esab Corp. | Reduce -0.7% | 0.83% | −0.02 |
| MO Altria Group Inc. | Reduce -5.7% | 0.11% | −0.01 |
| BF.B Brown-Forman Corp. Class B | Reduce -1.9% | 0.04% | −0.01 |
| VTS Vitesse Energy Inc. | Reduce -1.2% | 0.08% | −0.01 |
| TROW T Rowe Price Group Inc. | Reduce -1.1% | 1.68% | −0.01 |
| EGBN Eagle Bancorp Inc. | Reduce -1.5% | 0.07% | −0.01 |
| CTSH Cognizant Tech Solutions-A | Reduce -0.4% | 0.27% | −0.01 |
| MSGS Madison Square Garden Sports | Reduce -3.8% | 0.58% | −0.01 |
| INTC Intel Corp. | Reduce 0.0% | 0.10% | −0.01 |
| MTD Mettler-Toledo International | Reduce -0.9% | 0.08% | −0.00 |
| ALLE Allegion PLC | Reduce -5.6% | 0.86% | −0.00 |
| EMR Emerson Electric Co. | Reduce -19.6% | 0.04% | −0.00 |
| PM Philip Morris International | Reduce -3.8% | 0.05% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -4.6% | 0.15% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -3.9% | 0.24% | +0.01 |
| AXP American Express Co. | Reduce -3.6% | 0.07% | +0.01 |
| SEIC Sei Investments Company | Reduce -0.9% | 0.28% | +0.02 |
| B Barrick Mining Corp. | Reduce -0.5% | 1.39% | +0.03 |
| ETN Eaton Corp. PLC | Reduce -3.2% | 0.17% | +0.03 |
| NKE Nike Inc. Class B | Reduce -0.6% | 0.65% | +0.04 |
| BAC Bank of America Corp. | Reduce -0.1% | 0.52% | +0.04 |
| GLW Corning Inc. | Reduce -3.1% | 0.69% | +0.04 |
| HAS Hasbro Inc. | Reduce -2.7% | 0.42% | +0.04 |
| NSC Norfolk Southern Corp. | Reduce -0.7% | 1.73% | +0.04 |
Portfolio Buys Q1 2025 → Q2 2025
| META Meta Platforms Inc. Class A | Add +1.1% | 4.20% | +0.80 |
| KLAC KLA Corp. | Add +0.8% | 3.63% | +0.77 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +579.4% | 0.67% | +0.56 |
| TXN Texas Instruments Inc. | Add +51.5% | 0.74% | +0.30 |
| GOOG Alphabet Inc. Class C | Add +2.6% | 2.63% | +0.27 |
| JPM JPMorgan Chase & Co. | Add +12.8% | 0.94% | +0.20 |
| AMZN Amazon.com Inc. | Add +11.5% | 0.88% | +0.16 |
| AVGO Broadcom Inc. | Add +15.8% | 0.34% | +0.15 |
| ANET Arista Networks Inc. | Add +0.2% | 0.62% | +0.13 |
| PYPL PayPal Holdings Inc. | Add +3.4% | 0.91% | +0.10 |
| DUK Duke Energy Corp. | New | 0.09% | +0.09 |
| QCOM Qualcomm Inc. | New | 0.09% | +0.09 |
| ADBE Adobe Inc. | Add +30.8% | 0.41% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Add +102.2% | 0.12% | +0.07 |
| NVDA Nvidia Corp. | Add +2.4% | 0.21% | +0.06 |
| ORCL Oracle Corp. | New | 0.06% | +0.06 |
| TFC Truist Financial Corp. | New | 0.05% | +0.05 |
| BKNG Booking Holdings Inc. | Add +0.4% | 0.28% | +0.05 |
| AUB Atlantic Union Bankshares Co. | New | 0.04% | +0.04 |
| EFA iShares MSCI Eafe ETF | New | 0.04% | +0.04 |
| BLK BlackRock Inc. | New | 0.04% | +0.04 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | New | 0.04% | +0.04 |
| PAYC Paycom Software Inc. | Add +1.8% | 1.35% | +0.04 |
| COF Capital One Financial Corp. | Add +40.8% | 0.10% | +0.04 |
| UBER Uber Technologies Inc. | Add +5.8% | 0.17% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | Add +2.4% | 0.24% | +0.04 |
| XOM Exxon Mobil Corp. | Add +19.6% | 0.91% | +0.03 |
| NFLX Netflix Inc. | Add +3.0% | 0.07% | +0.02 |
| INTU Intuit Inc. | Add +8.2% | 0.08% | +0.02 |
| ABNB Airbnb Inc. Class A | Add +18.9% | 0.06% | +0.01 |
| WHR Whirlpool Corp. | Add +0.0% | 0.18% | +0.01 |
| MAR Marriott International Class A | Add +1.9% | 0.10% | +0.01 |
| KMI Kinder Morgan Inc. | Add +24.4% | 0.05% | +0.01 |
| VIGI Vanguard Int Div App Indx FD | Add +8.4% | 0.09% | +0.01 |
| SPGI S&P Global Inc. | Add +9.1% | 0.09% | +0.01 |
| GD General Dynamics Corp. | Add +3.5% | 0.12% | +0.01 |
| FNV Franco-Nevada Corp. | Add +7.4% | 0.08% | +0.01 |
| SCHX Schwab US Large-Cap ETF | Add +0.4% | 0.08% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +1.3% | 0.07% | +0.00 |
| ZTS Zoetis Inc. | Add +13.9% | 0.11% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +0.5% | 0.14% | +0.00 |
| FDS Factset Research Systems Inc. | Add +7.7% | 0.08% | +0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +0.4% | 0.07% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +0.4% | 0.12% | −0.00 |
| VZ Verizon Communications Inc. | Add +8.3% | 0.15% | −0.00 |
| HD Home Depot Inc. | Add +0.1% | 0.05% | −0.00 |
| DPZ Domino's Pizza Inc. | Add +2.6% | 0.08% | −0.00 |
| SHEL Shell PLC-ADR | Add +2.6% | 0.06% | −0.00 |
| LULU Lululemon Athletica Inc. | Add +16.3% | 0.06% | −0.00 |
| V Visa Inc. Class A | Add +2.6% | 0.59% | −0.00 |
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 |