Lafayette Investments, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Lafayette Investments, Inc. reported 156 stock positions worth $522.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.3% of the portfolio, followed by Markel (MKL, 7.4%) and Progressive (PGR, 4.2%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 46 and reduced 61. The biggest buy was Alphabet Class C (GOOG, shares +0%) and the biggest sale Markel (MKL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- ASHTON, MD
- CIK
- 0001308377
- Portfolio Value
- $522.2M (Q3 2025)
- SEC Filing
- 0001308377-25-000008 ↗ filed Nov 6, 2025
Holdings Value
Holdings 156 stocks · $522.2M
| BRK.B Berkshire Hathaway Inc. Class B | 11.35% | 117,876 | $59.3M | Reduce -0.1% |
| MKL Markel Group Inc. | 7.38% | 20,175 | $38.6M | Reduce -0.1% |
| PGR Progressive Corp. | 4.20% | 88,724 | $21.9M | Reduce -0.5% |
| KLAC KLA Corp. | 4.15% | 20,113 | $21.7M | Add +0.4% |
| META Meta Platforms Inc. Class A | 4.01% | 28,521 | $20.9M | Add +1.3% |
| MSFT Microsoft Corp. | 3.61% | 36,437 | $18.9M | Add +1.0% |
| GOOG Alphabet Inc. Class C | 3.42% | 73,331 | $17.9M | Add +0.1% |
| AAPL Apple Inc. | 2.84% | 58,295 | $14.8M | Reduce -0.1% |
| AZO AutoZone Inc. | 2.36% | 2,868 | $12.3M | Reduce -9.1% |
| LOW Lowe's Cos Inc. | 2.17% | 45,143 | $11.3M | Reduce -0.6% |
| PAYX Paychex Inc. | 2.16% | 88,897 | $11.3M | Add +0.9% |
| B Barrick Mining Corp. | 2.07% | 330,301 | $10.8M | Reduce -0.1% |
| NSC Norfolk Southern Corp. | 1.93% | 33,470 | $10.1M | Reduce -0.1% |
| SCHW Schwab (charles) Corp. | 1.75% | 95,948 | $9.2M | Reduce -0.9% |
| JEF Jefferies Financial Group Inc. | 1.73% | 138,052 | $9.0M | Reduce -0.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.69% | 85,941 | $8.8M | Reduce -0.3% |
| JNJ Johnson & Johnson | 1.60% | 45,093 | $8.4M | Reduce -5.5% |
| L Loews Corp. | 1.41% | 73,323 | $7.4M | Reduce -0.1% |
| LMT Lockheed Martin Corp. | 1.31% | 13,662 | $6.8M | Reduce -2.0% |
| PEP Pepsico Inc. | 1.30% | 48,183 | $6.8M | Reduce -0.9% |
| GPC Genuine Parts Co. | 1.26% | 47,324 | $6.6M | Reduce -0.3% |
| PAYC Paycom Software Inc. | 1.18% | 29,633 | $6.2M | Add +2.7% |
| COST Costco Wholesale Corp. | 1.08% | 6,068 | $5.6M | Add +3.4% |
| SBUX Starbucks Corp. | 1.04% | 64,138 | $5.4M | Reduce -1.1% |
| DEO Diageo PLC-Sponsored ADR | 1.03% | 56,382 | $5.4M | Reduce -1.0% |
| GHC Graham Holdings Co. Class B | 0.98% | 4,348 | $5.1M | Reduce -0.1% |
| ALLE Allegion PLC | 0.97% | 28,650 | $5.1M | Reduce -2.8% |
| JPM JPMorgan Chase & Co. | 0.97% | 16,009 | $5.0M | Reduce -0.2% |
| LII Lennox International Inc. | 0.95% | 9,370 | $5.0M | Reduce -0.2% |
| PH Parker Hannifin Corp. | 0.90% | 6,199 | $4.7M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.89% | 41,360 | $4.7M | Reduce -0.5% |
| CHKP Check Point Software Tech | 0.88% | 22,203 | $4.6M | Reduce -1.5% |
| AMZN Amazon.com Inc. | 0.86% | 20,462 | $4.5M | Add +2.7% |
| ANET Arista Networks Inc. | 0.83% | 29,752 | $4.3M | No change |
| PYPL PayPal Holdings Inc. | 0.81% | 63,278 | $4.2M | Add +4.9% |
| KO The Coca-Cola Co. | 0.81% | 63,580 | $4.2M | Reduce -1.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.77% | 34,966 | $4.0M | No change |
| MRSH Marsh & McLennan Cos | 0.75% | 19,476 | $3.9M | Reduce -0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.73% | 68,845 | $3.8M | Add +44.2% |
| ACN Accenture PLC Class A | 0.73% | 15,480 | $3.8M | Add +7.1% |
| ESAB Esab Corp. | 0.73% | 34,105 | $3.8M | Reduce -0.5% |
| AOS Smith (a.o.) Corp. | 0.72% | 51,548 | $3.8M | Reduce -0.7% |
| GLW Corning Inc. | 0.64% | 40,780 | $3.3M | Reduce -37.5% |
| MHK Mohawk Industries Inc. | 0.62% | 25,141 | $3.2M | Reduce -0.3% |
| TXN Texas Instruments Inc. | 0.62% | 17,497 | $3.2M | Reduce -1.2% |
| NKE Nike Inc. Class B | 0.61% | 45,670 | $3.2M | Add +1.2% |
| MSGS Madison Square Garden Sports | 0.59% | 13,474 | $3.1M | Reduce -1.1% |
| V Visa Inc. Class A | 0.56% | 8,617 | $2.9M | Add +5.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.54% | 54,277 | $2.8M | Add +0.1% |
| AON Aon PLC Class A | 0.45% | 6,645 | $2.4M | Add +0.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.44% | 2,400 | $2.3M | Add +63.3% |
| WAT Waters Corp. | 0.42% | 7,263 | $2.2M | Reduce -7.4% |
| ADBE Adobe Inc. | 0.40% | 5,894 | $2.1M | Add +12.7% |
| HAS Hasbro Inc. | 0.39% | 26,886 | $2.0M | Reduce -3.7% |
| AVGO Broadcom Inc. | 0.38% | 5,974 | $2.0M | Reduce -0.9% |
| CVX Chevron Corp. | 0.38% | 12,676 | $2.0M | Add +0.1% |
| MCD McDonald's Corp. | 0.35% | 5,951 | $1.8M | Reduce -4.6% |
| DHR Danaher Corp. | 0.31% | 8,228 | $1.6M | Reduce -2.8% |
| HSY The Hershey Co. | 0.31% | 8,688 | $1.6M | Reduce -0.7% |
| OTIS Otis Worldwide Corp. | 0.30% | 16,974 | $1.6M | Add +27.7% |
| SEIC Sei Investments Company | 0.25% | 15,274 | $1.3M | No change |
| BKNG Booking Holdings Inc. | 0.25% | 239 | $1.3M | Reduce -0.4% |
| NVDA Nvidia Corp. | 0.24% | 6,623 | $1.2M | Add +2.3% |
| WFC Wells Fargo & Co. | 0.23% | 14,625 | $1.2M | Reduce -1.1% |
| CTSH Cognizant Tech Solutions-A | 0.22% | 16,917 | $1.1M | Add +0.1% |
| ADP Automatic Data Processing | 0.21% | 3,816 | $1.1M | Add +0.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.21% | 2,275 | $1.1M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.21% | 3,842 | $1.1M | Reduce -0.3% |
| GSK GSK PLC-Spon ADR | 0.19% | 23,300 | $1.0M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.19% | 1,499 | $999K | No change |
| ULTA Ulta Beauty Inc. | 0.19% | 1,777 | $972K | Reduce -33.3% |
| FDS Factset Research Systems Inc. | 0.18% | 3,240 | $928K | Add +255.7% |
| GOOGL Alphabet Inc. Class A | 0.18% | 3,790 | $921K | Reduce -7.3% |
| ETN Eaton Corp. PLC | 0.18% | 2,455 | $919K | Add +6.7% |
| UBER Uber Technologies Inc. | 0.17% | 9,010 | $883K | Add +2.1% |
| CAT Caterpillar Inc. | 0.16% | 1,736 | $828K | No change |
| RTX RTX Corp. | 0.16% | 4,933 | $825K | No change |
| MRK Merck & Co. Inc. | 0.16% | 9,734 | $817K | Reduce -6.4% |
| VZ Verizon Communications Inc. | 0.15% | 17,602 | $774K | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.14% | 1 | $754K | No change |
| GLD SPDR Gold Shares | 0.14% | 2,092 | $744K | Reduce -1.4% |
| PANW Palo Alto Networks Inc. | 0.14% | 3,582 | $729K | Add +30.3% |
| RSP Invesco S&P 500 Equal Weight | 0.14% | 3,832 | $727K | No change |
| TT Trane Technologies PLC | 0.14% | 1,722 | $727K | No change |
| HON Honeywell International Inc. | 0.14% | 3,440 | $724K | Add +4.6% |
| WHR Whirlpool Corp. | 0.13% | 8,797 | $691K | Reduce -0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 2,049 | $672K | Add +0.8% |
| GD General Dynamics Corp. | 0.13% | 1,968 | $671K | Reduce -4.8% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 0.12% | 23,747 | $625K | Reduce -0.2% |
| MO Altria Group Inc. | 0.12% | 9,188 | $607K | No change |
| ZTS Zoetis Inc. | 0.11% | 3,882 | $568K | Add +11.8% |
| COF Capital One Financial Corp. | 0.11% | 2,642 | $562K | Add +8.2% |
| FNV Franco-Nevada Corp. | 0.11% | 2,515 | $561K | Add +2.4% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.11% | 16,000 | $550K | No change |
| PFE Pfizer Inc. | 0.10% | 20,352 | $519K | Reduce -0.7% |
| VIGI Vanguard Int Div App Indx FD | 0.10% | 5,780 | $518K | Add +23.2% |
| DUK Duke Energy Corp. | 0.09% | 3,914 | $484K | Add +0.3% |
| MAR Marriott International Class A | 0.09% | 1,851 | $482K | Add +0.7% |
| ABNB Airbnb Inc. Class A | 0.09% | 3,885 | $472K | Add +68.0% |
| QCOM Qualcomm Inc. | 0.09% | 2,794 | $465K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MKL Markel Group Inc. | Reduce -0.1% | 7.38% | −0.76 |
| PGR Progressive Corp. | Reduce -0.5% | 4.20% | −0.61 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 11.35% | −0.24 |
| SBUX Starbucks Corp. | Reduce -1.1% | 1.04% | −0.16 |
| LII Lennox International Inc. | Reduce -0.2% | 0.95% | −0.14 |
| WAT Waters Corp. | Reduce -7.4% | 0.42% | −0.14 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.0% | 1.03% | −0.13 |
| CHKP Check Point Software Tech | Reduce -1.5% | 0.88% | −0.13 |
| TXN Texas Instruments Inc. | Reduce -1.2% | 0.62% | −0.13 |
| MRSH Marsh & McLennan Cos | Reduce -0.8% | 0.75% | −0.12 |
| KO The Coca-Cola Co. | Reduce -1.4% | 0.81% | −0.11 |
| ESAB Esab Corp. | Reduce -0.5% | 0.73% | −0.10 |
| INTC Intel Corp. | Sold out | 0.00% | −0.10 |
| ULTA Ulta Beauty Inc. | Reduce -33.3% | 0.19% | −0.07 |
| GLW Corning Inc. | Reduce -37.5% | 0.64% | −0.05 |
| WHR Whirlpool Corp. | Reduce -0.2% | 0.13% | −0.05 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -35.3% | 0.07% | −0.05 |
| FISV Fiserv Inc. | Reduce -31.7% | 0.04% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -0.4% | 0.25% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -0.9% | 1.75% | −0.03 |
| HAS Hasbro Inc. | Reduce -3.7% | 0.39% | −0.03 |
| DHR Danaher Corp. | Reduce -2.8% | 0.31% | −0.03 |
| MCD McDonald's Corp. | Reduce -4.6% | 0.35% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -0.3% | 0.21% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.5% | 0.89% | −0.01 |
| AZO AutoZone Inc. | Reduce -9.1% | 2.36% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -6.4% | 0.16% | −0.01 |
| PM Philip Morris International | Reduce -1.1% | 0.04% | −0.01 |
| WFC Wells Fargo & Co. | Reduce -1.1% | 0.23% | −0.00 |
| VTS Vitesse Energy Inc. | Reduce -3.8% | 0.08% | −0.00 |
| AXP American Express Co. | Reduce -3.4% | 0.07% | −0.00 |
| EGBN Eagle Bancorp Inc. | Reduce -3.0% | 0.06% | −0.00 |
| PEP Pepsico Inc. | Reduce -0.9% | 1.30% | −0.00 |
| PFE Pfizer Inc. | Reduce -0.7% | 0.10% | −0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -1.8% | 0.04% | −0.00 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -2.2% | 0.07% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -2.4% | 0.05% | +0.00 |
| LMT Lockheed Martin Corp. | Reduce -2.0% | 1.31% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.5% | 0.09% | +0.00 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Reduce -0.2% | 0.12% | +0.00 |
| ABBV Abbvie Inc. | Reduce -9.3% | 0.09% | +0.01 |
| GD General Dynamics Corp. | Reduce -4.8% | 0.13% | +0.01 |
| TROW T Rowe Price Group Inc. | Reduce -0.3% | 1.69% | +0.01 |
| MSGS Madison Square Garden Sports | Reduce -1.1% | 0.59% | +0.01 |
| GLD SPDR Gold Shares | Reduce -1.4% | 0.14% | +0.01 |
| HSY The Hershey Co. | Reduce -0.7% | 0.31% | +0.02 |
| PH Parker Hannifin Corp. | Reduce -0.2% | 0.90% | +0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.2% | 0.97% | +0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -7.3% | 0.18% | +0.03 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOG Alphabet Inc. Class C | Add +0.1% | 3.42% | +0.79 |
| KLAC KLA Corp. | Add +0.4% | 4.15% | +0.53 |
| ASML ASML Holding NV-NY Reg SHS | Add +63.3% | 0.44% | +0.21 |
| FDS Factset Research Systems Inc. | Add +255.7% | 0.18% | +0.10 |
| CRM Salesforce Inc. | New | 0.08% | +0.08 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +44.2% | 0.73% | +0.07 |
| GM General Motors Co. | New | 0.05% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | New | 0.05% | +0.05 |
| MSCI MSCI Inc. | New | 0.04% | +0.04 |
| CG The Carlyle Group Inc. | New | 0.04% | +0.04 |
| D Dominion Energy Inc. | New | 0.04% | +0.04 |
| FTNT Fortinet Inc. | New | 0.04% | +0.04 |
| OTIS Otis Worldwide Corp. | Add +27.7% | 0.30% | +0.03 |
| NVDA Nvidia Corp. | Add +2.3% | 0.24% | +0.03 |
| ABNB Airbnb Inc. Class A | Add +68.0% | 0.09% | +0.03 |
| FNV Franco-Nevada Corp. | Add +2.4% | 0.11% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +30.3% | 0.14% | +0.03 |
| ORCL Oracle Corp. | Add +9.8% | 0.08% | +0.02 |
| BAC Bank of America Corp. | Add +0.1% | 0.54% | +0.02 |
| VIGI Vanguard Int Div App Indx FD | Add +23.2% | 0.10% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +0.9% | 0.09% | +0.01 |
| CVX Chevron Corp. | Add +0.1% | 0.38% | +0.01 |
| ETN Eaton Corp. PLC | Add +6.7% | 0.18% | +0.01 |
| ABT Abbott Laboratories | Add +19.4% | 0.08% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.8% | 0.13% | +0.00 |
| BLK BlackRock Inc. | Add +1.0% | 0.04% | +0.00 |
| UBER Uber Technologies Inc. | Add +2.1% | 0.17% | +0.00 |
| COF Capital One Financial Corp. | Add +8.2% | 0.11% | +0.00 |
| DUK Duke Energy Corp. | Add +0.3% | 0.09% | −0.00 |
| ZTS Zoetis Inc. | Add +11.8% | 0.11% | −0.00 |
| BF.B Brown-Forman Corp. Class B | Add +1.3% | 0.04% | −0.00 |
| MA Mastercard Inc. Class A | Add +1.0% | 0.06% | −0.00 |
| SPGI S&P Global Inc. | Add +11.2% | 0.09% | −0.00 |
| DPZ Domino's Pizza Inc. | Add +2.8% | 0.08% | −0.01 |
| INTU Intuit Inc. | Add +9.6% | 0.07% | −0.01 |
| MAR Marriott International Class A | Add +0.7% | 0.09% | −0.01 |
| LULU Lululemon Athletica Inc. | Add +16.6% | 0.05% | −0.01 |
| ADBE Adobe Inc. | Add +12.7% | 0.40% | −0.01 |
| NFLX Netflix Inc. | Add +0.4% | 0.06% | −0.01 |
| MSFT Microsoft Corp. | Add +1.0% | 3.61% | −0.01 |
| HON Honeywell International Inc. | Add +4.6% | 0.14% | −0.02 |
| ADP Automatic Data Processing | Add +0.7% | 0.21% | −0.02 |
| AMZN Amazon.com Inc. | Add +2.7% | 0.86% | −0.02 |
| V Visa Inc. Class A | Add +5.3% | 0.56% | −0.02 |
| AON Aon PLC Class A | Add +0.2% | 0.45% | −0.02 |
| NKE Nike Inc. Class B | Add +1.2% | 0.61% | −0.04 |
| CTSH Cognizant Tech Solutions-A | Add +0.1% | 0.22% | −0.05 |
| PYPL PayPal Holdings Inc. | Add +4.9% | 0.81% | −0.09 |
| COST Costco Wholesale Corp. | Add +3.4% | 1.08% | −0.10 |
| ACN Accenture PLC Class A | Add +7.1% | 0.73% | −0.14 |
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 |