# EDGAR Filing Document

**Accession Number:** 0001541496
**File Stem:** 0001541496-25-000013
**Filing Date:** 2025-8
**Character Count:** 16173
**Document Hash:** d7233640e0e6b4d5d414a6423e8236b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001541496-25-000013.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001541496-25-000013

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hendershot Investments Inc.
- **CENTRAL INDEX KEY:** 0001541496

**ORGANIZATION NAME:**
- **EIN:** 541713535
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14734
- **FILM NUMBER:** 251212851

**BUSINESS ADDRESS:**
- **STREET 1:** 5862 SADDLE DOWNS PLACE
- **CITY:** CENTREVILLE
- **STATE:** VA
- **ZIP:** 20120
- **BUSINESS PHONE:** 7033616130

**MAIL ADDRESS:**
- **STREET 1:** 5862 SADDLE DOWNS PLACE
- **CITY:** CENTREVILLE
- **STATE:** VA
- **ZIP:** 20120

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Hendershot Investments Inc.<br>**Address:** 5862 Saddle Downs Place<br>Centreville, VA 20120

**Form 13F File Number:** 028-14734

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:** Charles L Hendershot<br>**Title:** EVP and CFO<br>**Phone:** 703-361-6130

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

Charles L Hendershot  Centreville, VA  08-13-2025<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:** 129

**Form 13F Information Table Value Total:** $748389875

      (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 |
| ABBOTT LABS | COM | 002824100 |  | 1106253 | 8134 | SH |  | SOLE |  | 8134 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1429124 | 7699 | SH |  | SOLE |  | 6702 | 0 | 997 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 9086854 | 30402 | SH |  | SOLE |  | 29839 | 0 | 563 |
| ADOBE INC | COM | 00724F101 |  | 8739619 | 22590 | SH |  | SOLE |  | 22061 | 0 | 529 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 6182928 | 34855 | SH |  | SOLE |  | 34595 | 0 | 260 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 36781087 | 208711 | SH |  | SOLE |  | 206168 | 0 | 2543 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 525409 | 8961 | SH |  | SOLE |  | 8961 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 16271279 | 74166 | SH |  | SOLE |  | 72836 | 0 | 1330 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 7664770 | 24029 | SH |  | SOLE |  | 24029 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 33518246 | 163368 | SH |  | SOLE |  | 163157 | 0 | 211 |
| ARTISAN PARTNERS ASSET MGMT | CL A | 04316A108 |  | 508707 | 11475 | SH |  | SOLE |  | 9513 | 0 | 1962 |
| ATLANTIC UN BANKSHARES CORP | COM | 04911A107 |  | 232848 | 7444 | SH |  | SOLE |  | 7444 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 21063720 | 68300 | SH |  | SOLE |  | 67039 | 0 | 1261 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 717400 | 7874 | SH |  | SOLE |  | 7874 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 2915200 | 4 | SH |  | SOLE |  | 4 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 104410918 | 214939 | SH |  | SOLE |  | 213464 | 0 | 1475 |
| BK OF AMERICA CORP | COM | 060505104 |  | 1295148 | 27370 | SH |  | SOLE |  | 27370 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 37983204 | 6561 | SH |  | SOLE |  | 6467 | 0 | 94 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 145782 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 155720 | 3364 | SH |  | SOLE |  | 3364 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 309004 | 1121 | SH |  | SOLE |  | 1121 | 0 | 0 |
| BROOKFIELD ASSET MANAGMT LTD | CL A LMT VTG SHS | 113004105 |  | 395694 | 7158 | SH |  | SOLE |  | 7158 | 0 | 0 |
| BROOKFIELD CORP | CL A LTD VT SH | 11271J107 |  | 1366019 | 22086 | SH |  | SOLE |  | 18176 | 0 | 3910 |
| BROWN FORMAN CORP | CL B | 115637209 |  | 186728 | 6939 | SH |  | SOLE |  | 6847 | 0 | 92 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 11689414 | 112355 | SH |  | SOLE |  | 110958 | 0 | 1397 |
| CHEVRON CORP NEW | COM | 166764100 |  | 1812527 | 12658 | SH |  | SOLE |  | 12658 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 845250 | 11947 | SH |  | SOLE |  | 11947 | 0 | 0 |
| COGNIZANT TECHNOLOGY SOLUTIO | CLA | 192446102 |  | 17709143 | 226953 | SH |  | SOLE |  | 224218 | 0 | 2735 |
| COMCAST CORP NEW | CLA | 20030N101 |  | 155323 | 4352 | SH |  | SOLE |  | 4352 | 0 | 0 |
| CONSOLIDATED EDISON INC | COM | 209115104 |  | 860802 | 8578 | SH |  | SOLE |  | 8578 | 0 | 0 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 1846510 | 5721 | SH |  | SOLE |  | 5721 | 0 | 0 |
| CORPAY INC | COM SHS | 219948106 |  | 12493355 | 37651 | SH |  | SOLE |  | 36923 | 0 | 728 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 689988 | 697 | SH |  | SOLE |  | 697 | 0 | 0 |
| CSW INDUSTRIALS INC | COM | 126402106 |  | 257287 | 897 | SH |  | SOLE |  | 147 | 0 | 750 |
| DISNEY WALT CO | COM | 254687106 |  | 2044925 | 16490 | SH |  | SOLE |  | 16490 | 0 | 0 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 646213 | 11433 | SH |  | SOLE |  | 11433 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 642364 | 5444 | SH |  | SOLE |  | 5444 | 0 | 0 |
| EDWARDS LIFESCIENCES CORP | COM | 28176E108 |  | 150867 | 1929 | SH |  | SOLE |  | 1929 | 0 | 0 |
| EXELON CORP | COM | 30161N101 |  | 338634 | 7799 | SH |  | SOLE |  | 7799 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 876464 | 8130 | SH |  | SOLE |  | 8130 | 0 | 0 |
| FACTSET RESH SYS INC | COM | 303075105 |  | 6834438 | 15280 | SH |  | SOLE |  | 15205 | 0 | 75 |
| FARMERS  MERCHANTS BANCORP | COM | 30779N105 |  | 165600 | 30 | SH |  | SOLE |  | 30 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 8488658 | 202111 | SH |  | SOLE |  | 200531 | 0 | 1580 |
| FEDEX CORP | COM | 31428X106 |  | 274363 | 1207 | SH |  | SOLE |  | 1207 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 19593135 | 67178 | SH |  | SOLE |  | 66053 | 0 | 1125 |
| GENTEX CORP | COM | 371901109 |  | 9961382 | 452996 | SH |  | SOLE |  | 449557 | 0 | 3439 |
| GENUINE PARTS CO | COM | 372460105 |  | 14945149 | 123198 | SH |  | SOLE |  | 121254 | 0 | 1944 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 205248 | 290 | SH |  | SOLE |  | 290 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 219140 | 941 | SH |  | SOLE |  | 941 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 585524 | 1597 | SH |  | SOLE |  | 1597 | 0 | 0 |
| HORMEL FOODS CORP | COM | 440452100 |  | 1029287 | 34026 | SH |  | SOLE |  | 32421 | 0 | 1605 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 745459 | 3015 | SH |  | SOLE |  | 3015 | 0 | 0 |
| INTUITIVE SURGICAL INC | COM NEW | 46120E602 |  | 217907 | 401 | SH |  | SOLE |  | 401 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2032 | 46436E312 |  | 206224 | 8156 | SH |  | SOLE |  | 8156 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2033 | 46436E130 |  | 206022 | 7953 | SH |  | SOLE |  | 7953 | 0 | 0 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 211039 | 1522 | SH |  | SOLE |  | 1522 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 333742 | 605 | SH |  | SOLE |  | 605 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 24545388 | 160690 | SH |  | SOLE |  | 158813 | 0 | 1877 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2303371 | 7945 | SH |  | SOLE |  | 7945 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 247566 | 6200 | SH |  | SOLE |  | 0 | 0 | 6200 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 154446 | 1198 | SH |  | SOLE |  | 1198 | 0 | 0 |
| KINSALE CAP GROUP INC | COM | 49714P108 |  | 8492445 | 17550 | SH |  | SOLE |  | 17281 | 0 | 269 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 368233 | 1468 | SH |  | SOLE |  | 1468 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 1980357 | 2540 | SH |  | SOLE |  | 2350 | 0 | 190 |
| MANULIFE FINL CORP | COM | 56501R106 |  | 190482 | 5960 | SH |  | SOLE |  | 5960 | 0 | 0 |
| MARRIOTT INTL INC NEW | CL A | 571903202 |  | 179499 | 657 | SH |  | SOLE |  | 657 | 0 | 0 |
| MASTERCARD INC | CL A | 57636Q104 |  | 20330427 | 36179 | SH |  | SOLE |  | 35703 | 0 | 476 |
| MCCORMICK  CO INC | COM NON VTG | 579780206 |  | 256727 | 3386 | SH |  | SOLE |  | 3386 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1082015 | 3703 | SH |  | SOLE |  | 3703 | 0 | 0 |
| MERCK  CO. INC | COM | 58933Y105 |  | 1132146 | 14302 | SH |  | SOLE |  | 13664 | 0 | 638 |
| META PLATFORMS INC | CL A | 30303M102 |  | 11626756 | 15752 | SH |  | SOLE |  | 15633 | 0 | 119 |
| MGIC INVT CORP WIS | COM | 552848103 |  | 201336 | 7232 | SH |  | SOLE |  | 7232 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 30127418 | 60569 | SH |  | SOLE |  | 59654 | 0 | 915 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 8773155 | 29450 | SH |  | SOLE |  | 29151 | 0 | 299 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 803189 | 11910 | SH |  | SOLE |  | 11160 | 0 | 750 |
| MUELLER WTR PRODS INC | COM SER A | 624758108 |  | 238597 | 9925 | SH |  | SOLE |  | 9925 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 634806 | 2480 | SH |  | SOLE |  | 2480 | 0 | 0 |
| NOVARTIS AG | SPONSORED ADR | 66987V109 |  | 403084 | 3331 | SH |  | SOLE |  | 3031 | 0 | 300 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 16839680 | 106587 | SH |  | SOLE |  | 104454 | 0 | 2133 |
| OGE ENERGY CORP | COM | 670837103 |  | 266280 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| ONEOK INC NEW | COM | 682680103 |  | 881916 | 10804 | SH |  | SOLE |  | 9504 | 0 | 1300 |
| ORACLE CORP | COM | 68389X105 |  | 16635122 | 76088 | SH |  | SOLE |  | 74788 | 0 | 1300 |
| OTTER TAIL CORP | COM | 689648103 |  | 385450 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 817920 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| PAYCHEX INC | COM | 704326107 |  | 7783128 | 53507 | SH |  | SOLE |  | 52366 | 0 | 1141 |
| PEPSICO INC | COM | 713448108 |  | 15689161 | 118821 | SH |  | SOLE |  | 117251 | 0 | 1570 |
| PFIZER INC | COM | 717081103 |  | 556593 | 22962 | SH |  | SOLE |  | 22962 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 1455964 | 7994 | SH |  | SOLE |  | 7994 | 0 | 0 |
| PHILLIPS EDISON  CO INC | COMMON STOCK | 71844V201 |  | 386066 | 11021 | SH |  | SOLE |  | 11021 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 2585376 | 16228 | SH |  | SOLE |  | 15828 | 0 | 400 |
| PROLOGIS INC. | COM | 74340W103 |  | 658042 | 6260 | SH |  | SOLE |  | 6260 | 0 | 0 |
| PUBLIC STORAGE | COM | 74460D109 |  | 821836 | 2801 | SH |  | SOLE |  | 2601 | 0 | 200 |
| RTX CORPORATION | COM | 75513E101 |  | 12944235 | 88647 | SH |  | SOLE |  | 87847 | 0 | 800 |
| REALTY INCOME CORP | COM | 756109104 |  | 326952 | 5675 | SH |  | SOLE |  | 5675 | 0 | 0 |
| RESMED INC | COM | 761152107 |  | 12325950 | 47775 | SH |  | SOLE |  | 46569 | 0 | 1206 |
| ROSS STORES INC | COM | 778296103 |  | 9940778 | 77918 | SH |  | SOLE |  | 76666 | 0 | 1252 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 244110 | 395 | SH |  | SOLE |  | 395 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 277882 | 527 | SH |  | SOLE |  | 527 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 621750 | 24575 | SH |  | SOLE |  | 24292 | 0 | 283 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 2043426 | 85750 | SH |  | SOLE |  | 85009 | 0 | 741 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 178838 | 6749 | SH |  | SOLE |  | 6749 | 0 | 0 |
| SCHWAB STRATEGIC TR | US MID-CAP ETF | 808524508 |  | 635417 | 22653 | SH |  | SOLE |  | 22289 | 0 | 364 |
| SCHWAB STRATEGIC TR | INTRM TRM TRES | 808524854 |  | 2793298 | 111598 | SH |  | SOLE |  | 111598 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 519735 | 1705 | SH |  | SOLE |  | 1705 | 0 | 0 |
| STRYKER CORP | COM | 863667101 |  | 5660278 | 14307 | SH |  | SOLE |  | 14227 | 0 | 80 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 314512 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 200126 | 630 | SH |  | SOLE |  | 630 | 0 | 0 |
| TEXAS PAC LD CORP | COM | 88262P102 |  | 1201115 | 1137 | SH |  | SOLE |  | 1137 | 0 | 0 |
| TEXAS ROADHOUSE INC | COM | 882681109 |  | 11945513 | 63740 | SH |  | SOLE |  | 62014 | 0 | 1726 |
| TJX COS INC NEW | COM | 872540109 |  | 31197091 | 252628 | SH |  | SOLE |  | 249248 | 0 | 3380 |
| TOTALENERGIES SE | SPONSORED ADS | 89151E109 |  | 487744 | 7945 | SH |  | SOLE |  | 7945 | 0 | 0 |
| TRACTOR SUPPLY CO | COM | 892356106 |  | 9451107 | 179100 | SH |  | SOLE |  | 177325 | 0 | 1775 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 992921 | 2270 | SH |  | SOLE |  | 2270 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 256309 | 1114 | SH |  | SOLE |  | 1114 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 5501963 | 54507 | SH |  | SOLE |  | 53306 | 0 | 1201 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 11563480 | 37066 | SH |  | SOLE |  | 36553 | 0 | 513 |
| UNIVEST FINANCIAL CORPORATIO | COM | 915271100 |  | 230677 | 7679 | SH |  | SOLE |  | 7679 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 |  | 394399 | 8716 | SH |  | SOLE |  | 8716 | 0 | 0 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 223104 | 800 | SH |  | SOLE |  | 800 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1021249 | 13870 | SH |  | SOLE |  | 13870 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 3736870 | 12295 | SH |  | SOLE |  | 12295 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 302707 | 1479 | SH |  | SOLE |  | 1479 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 804144 | 8923 | SH |  | SOLE |  | 8803 | 0 | 120 |
| VISA INC | COM CL A | 92826C839 |  | 23762431 | 66927 | SH |  | SOLE |  | 65961 | 0 | 966 |
| VSE CORP | COM | 918284100 |  | 3150665 | 24055 | SH |  | SOLE |  | 24055 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 1274367 | 13033 | SH |  | SOLE |  | 13033 | 0 | 0 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 960515 | 9218 | SH |  | SOLE |  | 9218 | 0 | 0 |
| WELLTOWER INC | COM | 95040Q104 |  | 499058 | 3246 | SH |  | SOLE |  | 3246 | 0 | 0 |
| YUM BRANDS INC | COM | 988498101 |  | 298138 | 2012 | SH |  | SOLE |  | 2012 | 0 | 0 |

---