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

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 Q4 2024 Q1 2025: $472.8M Q1 2025 Q2 2025: $494.8M $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 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
VIGI Vanguard Int Div App Indx FD 0.09% 4,691 $423K Add +8.4%
DPZ Domino's Pizza Inc. 0.08% 929 $419K Add +2.6%
AXON Axon Enterprise Inc. 0.08% 500 $414K No change
SCHX Schwab US Large-Cap ETF 0.08% 16,927 $414K Add +0.4%
FDS Factset Research Systems Inc. 0.08% 911 $407K Add +7.7%
VTS Vitesse Energy Inc. 0.08% 18,345 $405K Reduce -1.2%
FNV Franco-Nevada Corp. 0.08% 2,455 $402K Add +7.4%
VLTO Veralto Corp. 0.08% 3,940 $398K No change
ABBV Abbvie Inc. 0.08% 2,141 $397K No change
INTU Intuit Inc. 0.08% 501 $395K Add +8.2%
FISV Fiserv Inc. 0.08% 2,288 $394K Reduce -39.6%
TMO Thermo Fisher Scientific Inc. 0.08% 927 $376K Add +2.4%
MTD Mettler-Toledo International 0.08% 318 $374K Reduce -0.9%
FDX FedEx Corp. 0.07% 1,619 $368K No change
NFLX Netflix Inc. 0.07% 274 $367K Add +3.0%
FNDA Schwab Fndmntl US SM Co. ETF 0.07% 12,601 $361K Add +0.4%
VOO Vanguard S&P 500 ETF 0.07% 630 $358K Add +1.3%
ABT Abbott Laboratories 0.07% 2,571 $350K No change
AXP American Express Co. 0.07% 1,081 $345K Reduce -3.6%
ALL Allstate Corp. 0.07% 1,685 $339K No change
T AT&T Inc. 0.07% 11,570 $335K Reduce -31.7%
SPG Simon Property Group Inc. 0.07% 2,025 $326K No change
MA Mastercard Inc. Class A 0.07% 575 $323K No change
EGBN Eagle Bancorp Inc. 0.07% 16,500 $321K Reduce -1.5%
ABNB Airbnb Inc. Class A 0.06% 2,312 $306K Add +18.9%
HLN Haleon PLC-ADR 0.06% 29,104 $302K No change
FAST Fastenal Co. 0.06% 6,904 $290K No change
SHEL Shell PLC-ADR 0.06% 4,103 $289K Add +2.6%
UNH Unitedhealth Group Inc. 0.06% 918 $286K Add +27.0%
LULU Lululemon Athletica Inc. 0.06% 1,180 $280K Add +16.3%
ORCL Oracle Corp. 0.06% 1,275 $279K New
UL Unilever PLC 0.06% 4,520 $276K No change
AVB Avalonbay Communities Inc. 0.06% 1,350 $275K No change
KMI Kinder Morgan Inc. 0.05% 8,980 $264K Add +24.4%
WELL Welltower Inc. 0.05% 1,699 $261K No change
HD Home Depot Inc. 0.05% 708 $259K Add +0.1%
PM Philip Morris International 0.05% 1,390 $253K Reduce -3.8%
SCHA Schwab US Small-Cap ETF 0.05% 9,824 $249K No change
TFC Truist Financial Corp. 0.05% 5,727 $246K New
CSCO Cisco Systems Inc. 0.05% 3,387 $235K No change
LLY Eli Lilly & Co. 0.05% 295 $230K No change
AUB Atlantic Union Bankshares Co. 0.04% 7,095 $222K New
EMR Emerson Electric Co. 0.04% 1,639 $219K Reduce -19.6%
EFA iShares MSCI Eafe ETF 0.04% 2,391 $214K New
BF.B Brown-Forman Corp. Class B 0.04% 7,822 $210K Reduce -1.9%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.04% 5,171 $207K New
BLK BlackRock Inc. 0.04% 197 $207K New
FRT Federal Realty Invs Trust 0.04% 2,150 $204K No change
FVCB Fvcbankcorp Inc. 0.03% 12,206 $144K No change
LCTX Lineage Cell Therapeutics Inc. 0.00% 13,000 $12K No change
RANI Rani Therapeutics Holdings Class A 0.00% 19,893 $10K 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

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