Lafayette Investments 13F annual report
Lafayette Investments is an investment fund managing more than $440 billion ran by Lawrence Judge. There are currently 138 companies in Mr. Judge’s portfolio. The largest investments include Berkshire Hathaway and Markel Inc, together worth $83.3 billion.
$440 billion Assets Under Management (AUM)
As of 24th July 2024, Lafayette Investments’s top holding is 125,419 shares of Berkshire Hathaway currently worth over $51 billion and making up 11.6% of the portfolio value.
Relative to the number of outstanding shares of Berkshire Hathaway, Lafayette Investments owns more than 0.2% of the company.
In addition, the fund holds 20,459 shares of Markel Inc worth $32.2 billion, whose value grew 4.4% in the past six months.
The third-largest holding is Progressive worth $20 billion and the next is KLA worth $16.1 billion, with 19,518 shares owned.
Currently, Lafayette Investments's portfolio is worth at least $440 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Lafayette Investments
The Lafayette Investments office and employees reside in Ashton, Maryland. According to the last 13-F report filed with the SEC, Lawrence Judge serves as the President at Lafayette Investments.
Recent trades
In the most recent 13F filing, Lafayette Investments revealed that it had opened a new position in
Paycom Software Inc and bought 24,365 shares worth $3.49 billion.
This means they effectively own approximately 0.1% of the company.
Paycom Software Inc makes up
4.7%
of the fund's Technology sector allocation and has decreased its share price by 57.1% in the past year.
The investment fund also strengthened its position in Markel Inc by buying
34 additional shares.
This makes their stake in Markel Inc total 20,459 shares worth $32.2 billion.
Markel Inc soared 7.8% in the past year.
On the other hand, there are companies that Lafayette Investments is getting rid of from its portfolio.
Lafayette Investments closed its position in Spotify Technology S.A on 31st July 2024.
It sold the previously owned 10,255 shares for $2.71 billion.
Lawrence Judge also disclosed a decreased stake in Berkshire Hathaway by approximately 0.1%.
This leaves the value of the investment at $51 billion and 125,419 shares.
One of the average hedge funds
The two most similar investment funds to Lafayette Investments are Breakwater Capital and Kelly Lawrence W & Associates Inc/ca. They manage $440 billion and $439 billion respectively.
Lawrence Judge investment strategy
Lafayette Investments’s portfolio is diversified across 10 sectors.
Currently, their heaviest sector is Finance — making up 26.8% of
the total portfolio value.
The fund focuses on investments in the United States as
50.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
52% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $179 billion.
The complete list of Lafayette Investments trades based on 13F SEC filings
These positions were updated on July 31st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Berkshire Hathaway Inc. |
2.00%
125,419
|
$51,020,450,000 | 11.60% |
| Markel Group Inc |
0.17%
20,459
|
$32,236,428,000 | 7.33% |
| Progressive Corp. |
0.94%
96,470
|
$20,037,705,000 | 4.56% |
| KLA Corp. |
0.39%
19,518
|
$16,092,534,000 | 3.66% |
| Microsoft Corporation |
1.36%
35,597
|
$15,909,872,000 | 3.62% |
| Meta Platforms Inc |
0.03%
27,525
|
$13,878,687,000 | 3.16% |
| Alphabet Inc |
0.02%
73,685
|
$13,511,418,000 | 3.07% |
| Apple Inc |
0.14%
58,355
|
$12,290,627,000 | 2.79% |
| Lennox International Inc |
0.52%
21,436
|
$11,467,790,000 | 2.61% |
| Lowes Cos Inc |
6.89%
47,487
|
$10,468,994,000 | 2.38% |
| Paychex Inc. |
0.14%
87,508
|
$10,374,958,000 | 2.36% |
| Price T Rowe Group Inc |
2.69%
87,606
|
$10,101,843,000 | 2.30% |
| Autozone Inc. |
0.06%
3,278
|
$9,716,320,000 | 2.21% |
| Jefferies Finl Group Inc |
1.16%
182,576
|
$9,085,004,000 | 2.07% |
| Lockheed Martin Corp. |
0.10%
17,796
|
$8,312,576,000 | 1.89% |
| Norfolk Southn Corp |
1.74%
34,443
|
$7,394,489,000 | 1.68% |
| Schwab Charles Corp |
0.02%
96,997
|
$7,147,675,000 | 1.63% |
| Johnson Johnson |
1.97%
48,341
|
$7,065,552,000 | 1.61% |
| Diageo plc |
2.32%
54,751
|
$6,903,067,000 | 1.57% |
| Genuine Parts Co. |
0.60%
48,574
|
$6,718,783,000 | 1.53% |
| Pepsico Inc |
0.47%
40,360
|
$6,656,589,000 | 1.51% |
| Barrick Gold Corp. |
2.35%
343,340
|
$5,726,912,000 | 1.30% |
| Loews Corp. |
0.91%
76,374
|
$5,708,193,000 | 1.30% |
| Starbucks Corp. |
4.71%
72,740
|
$5,662,819,000 | 1.29% |
| Parker-Hannifin Corp. |
0.03%
10,802
|
$5,463,987,000 | 1.24% |
| Costco Whsl Corp New |
0.79%
6,270
|
$5,329,438,000 | 1.21% |
| Marsh Mclennan Cos Inc |
0.18%
22,033
|
$4,642,794,000 | 1.06% |
| Coca-Cola Co |
1.25%
66,386
|
$4,225,479,000 | 0.96% |
| Exxon Mobil Corp. |
1.28%
35,356
|
$4,070,131,000 | 0.93% |
| Check Point Software Tech Lt |
0.24%
24,559
|
$4,052,235,000 | 0.92% |
| Accenture Plc Ireland |
0.94%
13,267
|
$4,025,341,000 | 0.92% |
| Allegion plc |
2.41%
32,501
|
$3,839,994,000 | 0.87% |
| Disney Walt Co |
2.55%
36,078
|
$3,582,202,000 | 0.81% |
| Esab Corporation |
8.35%
37,490
|
$3,540,206,000 | 0.80% |
| Paycom Software Inc |
Opened
24,365
|
$3,485,170,000 | 0.79% |
| Smith A O Corp |
0.00%
40,248
|
$3,291,482,000 | 0.75% |
| Graham Hldgs Co |
2.23%
4,525
|
$3,165,722,000 | 0.72% |
| Arista Networks Inc |
No change
8,613
|
$3,018,685,000 | 0.69% |
| PayPal Holdings Inc |
4.74%
51,692
|
$2,999,687,000 | 0.68% |
| Mohawk Inds Inc |
0.91%
25,423
|
$2,887,799,000 | 0.66% |
| Madison Square Grdn Sprt Cor |
1.84%
15,227
|
$2,864,700,000 | 0.65% |
| Jpmorgan Chase Co. |
0.07%
14,116
|
$2,855,191,000 | 0.65% |
| Corning, Inc. |
41.27%
73,307
|
$2,847,974,000 | 0.65% |
| Amazon.com Inc. |
3.52%
14,686
|
$2,838,070,000 | 0.65% |
| Spotify Technology S.A. |
Closed
10,255
|
$2,706,295,000 | |
| Waters Corp. |
0.74%
8,586
|
$2,490,971,000 | 0.57% |
| Texas Instrs Inc |
0.01%
11,679
|
$2,271,839,000 | 0.52% |
| Bank America Corp |
1.33%
56,506
|
$2,247,231,000 | 0.51% |
| Chevron Corp. |
1.22%
13,625
|
$2,131,223,000 | 0.48% |
| Danaher Corp. |
0.25%
7,857
|
$1,963,072,000 | 0.45% |
| Aon plc. |
1.97%
6,568
|
$1,928,234,000 | 0.44% |
| Visa Inc |
4.18%
7,200
|
$1,889,784,000 | 0.43% |
| Ulta Beauty Inc |
6.61%
4,806
|
$1,854,492,000 | 0.42% |
| Nike, Inc. |
9.66%
24,175
|
$1,822,057,000 | 0.41% |
| Intel Corp. |
3.02%
58,396
|
$1,808,521,000 | 0.41% |
| Hasbro, Inc. |
0.29%
29,173
|
$1,706,621,000 | 0.39% |
| Hershey Company |
1.91%
8,979
|
$1,650,682,000 | 0.38% |
| Mcdonalds Corp |
40.75%
6,093
|
$1,552,741,000 | 0.35% |
| Cognizant Technology Solutio |
0.01%
17,635
|
$1,199,180,000 | 0.27% |
| Mettler-Toledo International, Inc. |
0.12%
833
|
$1,164,193,000 | 0.26% |
| Sei Invts Co |
3.75%
16,990
|
$1,099,084,000 | 0.25% |
| Sandy Spring Bancorp |
2.86%
43,503
|
$1,059,731,000 | 0.24% |
| Otis Worldwide Corporation |
0.09%
10,626
|
$1,022,859,000 | 0.23% |
| Verizon Communications Inc |
0.96%
24,109
|
$994,247,000 | 0.23% |
| Wells Fargo Co New |
No change
15,995
|
$949,944,000 | 0.22% |
| Automatic Data Processing In |
5.17%
3,886
|
$927,550,000 | 0.21% |
| Whirlpool Corp. |
0.06%
8,954
|
$915,146,000 | 0.21% |
| Walgreens Boots Alliance Inc |
1.14%
75,003
|
$907,166,000 | 0.21% |
| GSK Plc |
5.28%
23,300
|
$897,050,000 | 0.20% |
| Merck Co Inc |
0.37%
6,908
|
$855,211,000 | 0.19% |
| Honeywell International Inc |
5.97%
3,940
|
$841,348,000 | 0.19% |
| NVIDIA Corp |
901.75%
5,710
|
$705,414,000 | 0.16% |
| Spdr Sp 500 Etf Tr |
10.53%
1,275
|
$693,881,000 | 0.16% |
| General Dynamics Corp. |
No change
2,210
|
$641,210,000 | 0.15% |
| Broadcom Inc |
16.27%
393
|
$630,974,000 | 0.14% |
| International Business Machs |
2.05%
3,584
|
$619,853,000 | 0.14% |
| Adobe Inc |
34.54%
1,114
|
$618,872,000 | 0.14% |
| Schlumberger Ltd. |
8.33%
13,000
|
$613,340,000 | 0.14% |
| Cable One Inc |
8.24%
1,670
|
$591,180,000 | 0.13% |
| Fiserv, Inc. |
4.91%
3,874
|
$577,381,000 | 0.13% |
| Novo-nordisk A S |
No change
4,000
|
$570,960,000 | 0.13% |
| Pfizer Inc. |
15.68%
20,299
|
$567,967,000 | 0.13% |
| Trane Technologies plc |
No change
1,722
|
$566,418,000 | 0.13% |
| CVS Health Corp |
Closed
6,650
|
$530,404,000 | |
| Caterpillar Inc. |
No change
1,450
|
$482,995,000 | 0.11% |
| Brown-Forman Corporation |
Opened
11,151
|
$481,612,000 | 0.11% |
| Ares Capital Corp |
Closed
23,080
|
$480,526,000 | |
| Unitedhealth Group Inc |
17.78%
925
|
$471,066,000 | 0.11% |
| Booking Holdings Inc |
9.43%
116
|
$459,534,000 | 0.10% |
| Thermo Fisher Scientific Inc. |
2.09%
830
|
$458,990,000 | 0.10% |
| Vitesse Energy Inc |
0.46%
19,336
|
$458,272,000 | 0.10% |
| RTX Corp |
10.46%
4,476
|
$449,346,000 | 0.10% |
| Altria Group Inc. |
9.27%
9,788
|
$445,844,000 | 0.10% |
| Fedex Corp |
8.65%
1,445
|
$433,269,000 | 0.10% |
| Spdr Gold Tr |
1.23%
2,013
|
$432,816,000 | 0.10% |
| General Mtrs Co |
0.80%
9,079
|
$421,811,000 | 0.10% |
| Schwab Strategic Tr |
9.32%
15,918
|
$994,766,000 | 0.23% |
| Asml Holding N V |
5.57%
407
|
$416,252,000 | 0.09% |
| Dominos Pizza Inc |
No change
791
|
$408,418,000 | 0.09% |
| Alerus Finl Corp |
No change
20,100
|
$394,161,000 | 0.09% |
| Att Inc |
1.43%
20,599
|
$393,639,000 | 0.09% |
| Marriott Intl Inc New |
8.05%
1,624
|
$392,643,000 | 0.09% |
| Abbvie Inc |
2.94%
2,242
|
$384,548,000 | 0.09% |
| Annaly Capital Management In |
Closed
19,300
|
$380,017,000 | |
| Procter And Gamble Co |
1.89%
2,215
|
$365,256,000 | 0.08% |
| Eagle Bancorp Inc Md |
12.64%
19,000
|
$359,100,000 | 0.08% |
| American Express Co. |
16.64%
1,428
|
$330,654,000 | 0.08% |
| Simon Ppty Group Inc New |
No change
2,125
|
$322,575,000 | 0.07% |
| Shell Plc |
No change
4,452
|
$321,346,000 | 0.07% |
| Truist Finl Corp |
No change
7,845
|
$304,779,000 | 0.07% |
| Vanguard Index Fds |
16.81%
1,612
|
$570,229,000 | 0.13% |
| Sp Global Inc |
8.50%
651
|
$290,346,000 | 0.07% |
| Vanguard Whitehall Fds |
Opened
3,505
|
$284,887,000 | 0.06% |
| Zoetis Inc |
27.43%
1,640
|
$284,311,000 | 0.06% |
| Avalonbay Cmntys Inc |
No change
1,350
|
$279,302,000 | 0.06% |
| Factset Resh Sys Inc |
31.42%
665
|
$271,500,000 | 0.06% |
| Allstate Corp (The) |
No change
1,685
|
$269,028,000 | 0.06% |
| Ge Healthcare Technologies I |
33.48%
3,389
|
$264,071,000 | 0.06% |
| Home Depot, Inc. |
1.48%
755
|
$259,994,000 | 0.06% |
| Eli Lilly Co |
12.31%
285
|
$258,034,000 | 0.06% |
| Palo Alto Networks Inc |
No change
750
|
$254,258,000 | 0.06% |
| Veralto Corp |
12.62%
2,605
|
$248,700,000 | 0.06% |
| Unilever plc |
No change
4,520
|
$248,555,000 | 0.06% |
| Abbott Labs |
19.06%
2,374
|
$246,683,000 | 0.06% |
| Haleon Plc |
No change
29,104
|
$240,400,000 | 0.05% |
| Qualcomm, Inc. |
6.48%
1,169
|
$232,842,000 | 0.05% |
| Eaton Corp Plc |
Opened
725
|
$227,324,000 | 0.05% |
| Intuit Inc |
3.61%
344
|
$226,081,000 | 0.05% |
| Dow Inc |
No change
4,250
|
$225,463,000 | 0.05% |
| Emerson Elec Co |
3.50%
2,039
|
$224,617,000 | 0.05% |
| Mastercard Incorporated |
Opened
502
|
$221,463,000 | 0.05% |
| Lululemon Athletica inc. |
33.75%
741
|
$221,337,000 | 0.05% |
| Fair Isaac Corp. |
Opened
148
|
$220,322,000 | 0.05% |
| Federal Rlty Invt Tr New |
No change
2,150
|
$217,086,000 | 0.05% |
| Fastenal Co. |
No change
3,452
|
$216,924,000 | 0.05% |
| Autodesk Inc. |
Closed
800
|
$208,336,000 | |
| Gilead Sciences, Inc. |
No change
2,935
|
$201,371,000 | 0.05% |
| Infosys Ltd |
Opened
10,429
|
$194,188,000 | 0.04% |
| Ford Mtr Co Del |
No change
12,600
|
$158,004,000 | 0.04% |
| FVCBankcorp Inc |
No change
12,206
|
$133,290,000 | 0.03% |
| Agnc Invt Corp |
Closed
12,100
|
$119,790,000 | |
| Warner Bros.Discovery Inc |
0.18%
10,957
|
$81,521,000 | 0.02% |
| Rani Therapeutics Hldgs Inc |
No change
19,893
|
$75,594,000 | 0.02% |
| Lineage Cell Therapeutics In |
No change
13,000
|
$12,965,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 144 holdings | |||
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