# EDGAR Filing Document

**Accession Number:** 0001308377
**File Stem:** 0001308377-23-000001
**Filing Date:** 2023-1
**Character Count:** 15111
**Document Hash:** 48a2f1584d747bfeee32d2f4e26beb19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001308377-23-000001.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001308377-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**EFFECTIVENESS DATE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lafayette Investments, Inc.
- **CENTRAL INDEX KEY:** 0001308377
- **IRS NUMBER:** 521568449
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-11053
- **FILM NUMBER:** 23547611

**BUSINESS ADDRESS:**
- **STREET 1:** 17830 NEW HAMPSHIRE AVENUE
- **STREET 2:** SUITE 201
- **CITY:** ASHTON
- **STATE:** MD
- **ZIP:** 20861
- **BUSINESS PHONE:** 301.570.2959

**MAIL ADDRESS:**
- **STREET 1:** 17830 NEW HAMPSHIRE AVENUE
- **STREET 2:** SUITE 201
- **CITY:** ASHTON
- **STATE:** MD
- **ZIP:** 20861

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Lafayette Investments Inc.<br>**Address:** 17830 NEW HAMPSHIRE AVENUE<br>SUITE 201<br>ASHTON, MD 20861

**Form 13F File Number:** 028-11053

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Lawrence Judge<br>**Title:** President<br>**Phone:** 3015701250

**Signature, Place, and Date of Signing:**

Lawrence Judge  Ashton-Sandy Spring, MD  01-24-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 121

**Form 13F Information Table Value Total:** $355360449

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALLSTATE CORP | COM | 020002101 |  | 228486 | 1685 | SH |  | SOLE |  | 0 | 0 | 1685 |
| AMAZON COM INC | COM | 023135106 |  | 1205064 | 14346 | SH |  | SOLE |  | 0 | 0 | 14346 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 225171 | 1524 | SH |  | SOLE |  | 0 | 0 | 1524 |
| APPLE INC | COM | 037833100 |  | 7585558 | 58382 | SH |  | SOLE |  | 0 | 0 | 58382 |
| ARISTA NETWORKS INC | COM | 040413106 |  | 1011695 | 8337 | SH |  | SOLE |  | 0 | 0 | 8337 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 599777 | 2511 | SH |  | SOLE |  | 0 | 0 | 2511 |
| AUTOZONE INC | COM | 053332102 |  | 7918904 | 3211 | SH |  | SOLE |  | 0 | 0 | 3211 |
| AVALONBAY CMNTYS INC | COM | 053484101 |  | 218052 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| BANK AMERICA CORP | COM | 060505104 |  | 2049538 | 61882 | SH |  | SOLE |  | 0 | 0 | 61882 |
| BARRICK GOLD CORP | COM | 067901108 |  | 5194098 | 302334 | SH |  | SOLE |  | 0 | 0 | 302334 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 40581120 | 131373 | SH |  | SOLE |  | 0 | 0 | 131373 |
| CVS HEALTH CORP | COM | 126650100 |  | 493907 | 5300 | SH |  | SOLE |  | 0 | 0 | 5300 |
| CATERPILLAR INC | COM | 149123101 |  | 359340 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2467449 | 13747 | SH |  | SOLE |  | 0 | 0 | 13747 |
| COCA COLA CO | COM | 191216100 |  | 4579545 | 71994 | SH |  | SOLE |  | 0 | 0 | 71994 |
| COGNIZANT TECHNOLOGY SOLUTIO | CL A | 192446102 |  | 1040915 | 18201 | SH |  | SOLE |  | 0 | 0 | 18201 |
| ENOVIS CORPORATION | COM | 194014502 |  | 2838005 | 53027 | SH |  | SOLE |  | 0 | 0 | 53027 |
| CORNING INC | COM | 219350105 |  | 4368906 | 136785 | SH |  | SOLE |  | 0 | 0 | 136785 |
| DANAHER CORPORATION | COM | 235851102 |  | 2065498 | 7782 | SH |  | SOLE |  | 0 | 0 | 7782 |
| DISNEY WALT CO | COM | 254687106 |  | 4601664 | 52966 | SH |  | SOLE |  | 0 | 0 | 52966 |
| DOW INC | COM | 260557103 |  | 260315 | 5166 | SH |  | SOLE |  | 0 | 0 | 5166 |
| EAGLE BANCORP INC MD | COM | 268948106 |  | 1342593 | 30465 | SH |  | SOLE |  | 0 | 0 | 30465 |
| EMERSON ELEC CO | COM | 291011104 |  | 206049 | 2145 | SH |  | SOLE |  | 0 | 0 | 2145 |
| FEDERAL RLTY INVT TR NEW | SH BEN INT NEW | 313745101 |  | 217236 | 2150 | SH |  | SOLE |  | 0 | 0 | 2150 |
| FISERV INC | COM | 337738108 |  | 411759 | 4074 | SH |  | SOLE |  | 0 | 0 | 4074 |
| FORD MTR CO DEL | COM | 345370860 |  | 194221 | 16700 | SH |  | SOLE |  | 0 | 0 | 16700 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 548323 | 2210 | SH |  | SOLE |  | 0 | 0 | 2210 |
| GENUINE PARTS CO | COM | 372460105 |  | 8406523 | 48450 | SH |  | SOLE |  | 0 | 0 | 48450 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 230507 | 2685 | SH |  | SOLE |  | 0 | 0 | 2685 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 2825413 | 4676 | SH |  | SOLE |  | 0 | 0 | 4676 |
| HALEON PLC | SPON ADS | 405552100 |  | 232832 | 29104 | SH |  | SOLE |  | 0 | 0 | 29104 |
| HANESBRANDS INC | COM | 410345102 |  | 85860 | 13500 | SH |  | SOLE |  | 0 | 0 | 13500 |
| HASBRO INC | COM | 418056107 |  | 1941521 | 31823 | SH |  | SOLE |  | 0 | 0 | 31823 |
| HERSHEY CO | COM | 427866108 |  | 1360474 | 5875 | SH |  | SOLE |  | 0 | 0 | 5875 |
| HOME DEPOT INC | COM | 437076102 |  | 233942 | 741 | SH |  | SOLE |  | 0 | 0 | 741 |
| HONEYWELL INTL INC | COM | 438516106 |  | 683617 | 3190 | SH |  | SOLE |  | 0 | 0 | 3190 |
| WAVEDANCER INC | COM | 456696103 |  | 59890 | 124797 | SH |  | SOLE |  | 0 | 0 | 124797 |
| INTEL CORP | COM | 458140100 |  | 1482337 | 56085 | SH |  | SOLE |  | 0 | 0 | 56085 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 571309 | 4055 | SH |  | SOLE |  | 0 | 0 | 4055 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 9903862 | 56065 | SH |  | SOLE |  | 0 | 0 | 56065 |
| KLA CORP | COM NEW | 482480100 |  | 7160048 | 18991 | SH |  | SOLE |  | 0 | 0 | 18991 |
| LENNOX INTL INC | COM | 526107107 |  | 5450460 | 22783 | SH |  | SOLE |  | 0 | 0 | 22783 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 8510111 | 17493 | SH |  | SOLE |  | 0 | 0 | 17493 |
| LOEWS CORP | COM | 540424108 |  | 4880599 | 83672 | SH |  | SOLE |  | 0 | 0 | 83672 |
| LOWES COS INC | COM | 548661107 |  | 8400809 | 42164 | SH |  | SOLE |  | 0 | 0 | 42164 |
| MARKEL CORP | COM | 570535104 |  | 26611981 | 20199 | SH |  | SOLE |  | 0 | 0 | 20199 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 3759706 | 22720 | SH |  | SOLE |  | 0 | 0 | 22720 |
| MCDONALDS CORP | COM | 580135101 |  | 858317 | 3257 | SH |  | SOLE |  | 0 | 0 | 3257 |
| MICROSOFT CORP | COM | 594918104 |  | 8298709 | 34604 | SH |  | SOLE |  | 0 | 0 | 34604 |
| MOHAWK INDS INC | COM | 608190104 |  | 3535994 | 34592 | SH |  | SOLE |  | 0 | 0 | 34592 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 215746 | 3237 | SH |  | SOLE |  | 0 | 0 | 3237 |
| NIKE INC | CL B | 654106103 |  | 2039242 | 17428 | SH |  | SOLE |  | 0 | 0 | 17428 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 8807787 | 35743 | SH |  | SOLE |  | 0 | 0 | 35743 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 338350 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 3227406 | 11091 | SH |  | SOLE |  | 0 | 0 | 11091 |
| PAYCHEX INC | COM | 704326107 |  | 9808988 | 84882 | SH |  | SOLE |  | 0 | 0 | 84882 |
| PEPSICO INC | COM | 713448108 |  | 6708096 | 37131 | SH |  | SOLE |  | 0 | 0 | 37131 |
| PFIZER INC | COM | 717081103 |  | 876306 | 17102 | SH |  | SOLE |  | 0 | 0 | 17102 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 423766 | 4187 | SH |  | SOLE |  | 0 | 0 | 4187 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 403910 | 2665 | SH |  | SOLE |  | 0 | 0 | 2665 |
| PROGRESSIVE CORP | COM | 743315103 |  | 13214935 | 101881 | SH |  | SOLE |  | 0 | 0 | 101881 |
| QUALCOMM INC | COM | 747525103 |  | 247365 | 2250 | SH |  | SOLE |  | 0 | 0 | 2250 |
| RANI THERAPEUTICS HLDGS INC | COM CL A | 753018100 |  | 117369 | 19893 | SH |  | SOLE |  | 0 | 0 | 19893 |
| SHELL PLC | SPON ADS | 780259305 |  | 317895 | 5582 | SH |  | SOLE |  | 0 | 0 | 5582 |
| SEI INVTS CO | COM | 784117103 |  | 1212245 | 20793 | SH |  | SOLE |  | 0 | 0 | 20793 |
| SANDY SPRING BANCORP INC | COM | 800363103 |  | 2799455 | 79462 | SH |  | SOLE |  | 0 | 0 | 79462 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 534600 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 8271654 | 99347 | SH |  | SOLE |  | 0 | 0 | 99347 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 201279 | 4458 | SH |  | SOLE |  | 0 | 0 | 4458 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 |  | 312731 | 5852 | SH |  | SOLE |  | 0 | 0 | 5852 |
| SIMON PPTY GROUP INC NEW | COM | 828806109 |  | 422928 | 3600 | SH |  | SOLE |  | 0 | 0 | 3600 |
| SMITH A O CORP | COM | 831865209 |  | 1869115 | 32654 | SH |  | SOLE |  | 0 | 0 | 32654 |
| STARBUCKS CORP | COM | 855244109 |  | 6115864 | 61652 | SH |  | SOLE |  | 0 | 0 | 61652 |
| TEXAS INSTRS INC | COM | 882508104 |  | 853498 | 5166 | SH |  | SOLE |  | 0 | 0 | 5166 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 454319 | 825 | SH |  | SOLE |  | 0 | 0 | 825 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 227582 | 4520 | SH |  | SOLE |  | 0 | 0 | 4520 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 252121 | 718 | SH |  | SOLE |  | 0 | 0 | 718 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 3020369 | 80845 | SH |  | SOLE |  | 0 | 0 | 80845 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 844174 | 20445 | SH |  | SOLE |  | 0 | 0 | 20445 |
| WHIRLPOOL CORP | COM | 963320106 |  | 1346293 | 9517 | SH |  | SOLE |  | 0 | 0 | 9517 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 474223 | 4699 | SH |  | SOLE |  | 0 | 0 | 4699 |
| AT INC | COM | 00206R102 |  | 377511 | 20506 | SH |  | SOLE |  | 0 | 0 | 20506 |
| ABBVIE INC | COM | 00287Y109 |  | 349078 | 2160 | SH |  | SOLE |  | 0 | 0 | 2160 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 5181866 | 67693 | SH |  | SOLE |  | 0 | 0 | 67693 |
| ALERUS FINL CORP | COM | 01446U103 |  | 469335 | 20100 | SH |  | SOLE |  | 0 | 0 | 20100 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 4369598 | 49246 | SH |  | SOLE |  | 0 | 0 | 49246 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 699043 | 15293 | SH |  | SOLE |  | 0 | 0 | 15293 |
| CABLE ONE INC | COM | 12685J105 |  | 1377449 | 1935 | SH |  | SOLE |  | 0 | 0 | 1935 |
| CISCO SYS INC | COM | 17275R102 |  | 329621 | 6919 | SH |  | SOLE |  | 0 | 0 | 6919 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 2883710 | 6317 | SH |  | SOLE |  | 0 | 0 | 6317 |
| DIAGEO PLC | SPON ADR NEW | 25243Q205 |  | 7851530 | 44063 | SH |  | SOLE |  | 0 | 0 | 44063 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 453156 | 4400 | SH |  | SOLE |  | 0 | 0 | 4400 |
| ESAB CORPORATION | COM | 29605J106 |  | 2486080 | 52986 | SH |  | SOLE |  | 0 | 0 | 52986 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 4092781 | 37106 | SH |  | SOLE |  | 0 | 0 | 37106 |
| META PLATFORMS INC | CL A | 30303M102 |  | 3521269 | 29261 | SH |  | SOLE |  | 0 | 0 | 29261 |
| FEDEX CORP | COM | 31428X106 |  | 230356 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| GENERAL MTRS CO | COM | 37045V100 |  | 504835 | 15007 | SH |  | SOLE |  | 0 | 0 | 15007 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 818165 | 23283 | SH |  | SOLE |  | 0 | 0 | 23283 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 4289262 | 31986 | SH |  | SOLE |  | 0 | 0 | 31986 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 6587181 | 192158 | SH |  | SOLE |  | 0 | 0 | 192158 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 15210 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| MADISON SQUARE GRDN SPRT COR | CL A | 55825T103 |  | 3798457 | 20719 | SH |  | SOLE |  | 0 | 0 | 20719 |
| MERCK  CO INC | COM | 58933Y105 |  | 930538 | 8387 | SH |  | SOLE |  | 0 | 0 | 8387 |
| ORGANON  CO | COMMON STOCK | 68622V106 |  | 269692 | 9656 | SH |  | SOLE |  | 0 | 0 | 9656 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 425380 | 5432 | SH |  | SOLE |  | 0 | 0 | 5432 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 316146 | 4439 | SH |  | SOLE |  | 0 | 0 | 4439 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 9498926 | 87098 | SH |  | SOLE |  | 0 | 0 | 87098 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 515133 | 1347 | SH |  | SOLE |  | 0 | 0 | 1347 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 330798 | 1950 | SH |  | SOLE |  | 0 | 0 | 1950 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 307449 | 7145 | SH |  | SOLE |  | 0 | 0 | 7145 |
| ULTA BEAUTY INC | COM | 90384S303 |  | 1973377 | 4207 | SH |  | SOLE |  | 0 | 0 | 4207 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 527529 | 995 | SH |  | SOLE |  | 0 | 0 | 995 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 963851 | 24463 | SH |  | SOLE |  | 0 | 0 | 24463 |
| VIATRIS INC | COM | 92556V106 |  | 134962 | 12126 | SH |  | SOLE |  | 0 | 0 | 12126 |
| VISA INC | COM CL A | 92826C839 |  | 1012414 | 4873 | SH |  | SOLE |  | 0 | 0 | 4873 |
| ALLEGION PLC | ORD SHS | G0176J109 |  | 2467926 | 23446 | SH |  | SOLE |  | 0 | 0 | 23446 |
| AON PLC | SHS CL A | G0403H108 |  | 1936203 | 6451 | SH |  | SOLE |  | 0 | 0 | 6451 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 3383264 | 12679 | SH |  | SOLE |  | 0 | 0 | 12679 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 306260 | 1822 | SH |  | SOLE |  | 0 | 0 | 1822 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 1154802 | 14627 | SH |  | SOLE |  | 0 | 0 | 14627 |
| CHECK POINT SOFTWARE TECH LT | ORD | M22465104 |  | 3962686 | 31410 | SH |  | SOLE |  | 0 | 0 | 31410 |

---