# EDGAR Filing Document

**Accession Number:** 0001585828
**File Stem:** 0001172661-23-000224
**Filing Date:** 2023-1
**Character Count:** 10530
**Document Hash:** f5f7faacf1b64161d6aac800d8e31a15
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000224.hdr.sgml**: 20230120

**ACCESSION NUMBER**: 0001172661-23-000224

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230120

**DATE AS OF CHANGE**: 20230120

**EFFECTIVENESS DATE**: 20230120

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FOUNDERS CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001585828
- **IRS NUMBER:** 061635229
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15673
- **FILM NUMBER:** 23540142

**BUSINESS ADDRESS:**
- **STREET 1:** 111 FOUNDERS PLAZA
- **STREET 2:** SUITE 1500
- **CITY:** EAST HARTFORD
- **STATE:** CT
- **ZIP:** 06108
- **BUSINESS PHONE:** 8603080061

**MAIL ADDRESS:**
- **STREET 1:** 111 FOUNDERS PLAZA
- **STREET 2:** SUITE 1500
- **CITY:** EAST HARTFORD
- **STATE:** CT
- **ZIP:** 06108

### 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:** FOUNDERS CAPITAL MANAGEMENT LLC<br>**Address:** 111 Founders Plaza<br>Suite 1500<br>East Hartford, CT 06108

**Form 13F File Number:** 028-15673

**CRD Number (if applicable):** 000118853

**SEC File Number (if applicable):** 801-60878

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:** Patrick A. Terrion<br>**Title:** Member and Chief Compliance Officer<br>**Phone:** 860-308-0061

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

/s/ Patrick A. Terrion  East Hartford, CT  01-20-2023<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:** 71

**Form 13F Information Table Value Total:** $372073934

      (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 |  | 3497580 | 31857 | SH |  | SOLE |  | 31857 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 3693758 | 22856 | SH |  | SOLE |  | 22856 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 42768659 | 482009 | SH |  | SOLE |  | 482009 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 6508374 | 73766 | SH |  | SOLE |  | 73766 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 263088 | 3132 | SH |  | SOLE |  | 3132 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 11154091 | 75493 | SH |  | SOLE |  | 75493 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 4110316 | 15650 | SH |  | SOLE |  | 15650 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 10901430 | 83902 | SH |  | SOLE |  | 83902 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 621662 | 18770 | SH |  | SOLE |  | 18770 | 0 | 0 |
| BARNES GROUP INC | COM | 067806109 |  | 245754 | 6016 | SH |  | SOLE |  | 6016 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 46863837 | 151712 | SH |  | SOLE |  | 151712 | 0 | 0 |
| BK OF AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 3266560 | 2816 | SH |  | SOLE |  | 2816 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 986912 | 2995 | SH |  | SOLE |  | 2995 | 0 | 0 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 |  | 348608 | 13155 | SH |  | SOLE |  | 13155 | 0 | 0 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 218728 | 3040 | SH |  | SOLE |  | 3040 | 0 | 0 |
| CAMDEN NATL CORP | COM | 133034108 |  | 387717 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 9806030 | 161045 | SH |  | SOLE |  | 161045 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 201341 | 4881 | SH |  | SOLE |  | 4881 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 270132 | 1505 | SH |  | SOLE |  | 1505 | 0 | 0 |
| CIGNA CORP NEW | COM | 125523100 |  | 770697 | 2326 | SH |  | SOLE |  | 2326 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 2668031 | 56004 | SH |  | SOLE |  | 56004 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 9533930 | 149881 | SH |  | SOLE |  | 149881 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 2728185 | 78015 | SH |  | SOLE |  | 78015 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 14262108 | 460365 | SH |  | SOLE |  | 460365 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 207495 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 7812235 | 89920 | SH |  | SOLE |  | 89920 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 241332 | 5100 | SH |  | SOLE |  | 5100 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 13041267 | 75296 | SH |  | SOLE |  | 75296 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 6777869 | 27318 | SH |  | SOLE |  | 27318 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 670800 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 12962263 | 41038 | SH |  | SOLE |  | 41038 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 8081290 | 305762 | SH |  | SOLE |  | 305762 | 0 | 0 |
| INTERNATIONAL FLAVORS | COM | 459506101 |  | 1460736 | 13933 | SH |  | SOLE |  | 13933 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 2256407 | 23842 | SH |  | SOLE |  | 23842 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4621871 | 26164 | SH |  | SOLE |  | 26164 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 292656 | 16800 | SH |  | SOLE |  | 16800 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 8147735 | 16748 | SH |  | SOLE |  | 16748 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 3524157 | 17688 | SH |  | SOLE |  | 17688 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 2436428 | 16796 | SH |  | SOLE |  | 16796 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 951228 | 722 | SH |  | SOLE |  | 722 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 381497 | 1017 | SH |  | SOLE |  | 1017 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 926733 | 11924 | SH |  | SOLE |  | 11924 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 12273958 | 101994 | SH |  | SOLE |  | 101994 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 30188062 | 125878 | SH |  | SOLE |  | 125878 | 0 | 0 |
| MODERNA INC | COM | 60770K107 |  | 542452 | 3020 | SH |  | SOLE |  | 3020 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 1453364 | 14218 | SH |  | SOLE |  | 14218 | 0 | 0 |
| NEW YORK CMNTY CAP TR V | UNIT 05/07/2051 | 64944P307 |  | 1302745 | 30031 | SH |  | SOLE |  | 30031 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 259680 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 494811 | 2008 | SH |  | SOLE |  | 2008 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 761980 | 9322 | SH |  | SOLE |  | 9322 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 15654550 | 86652 | SH |  | SOLE |  | 86652 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 968317 | 6389 | SH |  | SOLE |  | 6389 | 0 | 0 |
| QORVO INC | COM | 74736K101 |  | 1435284 | 15835 | SH |  | SOLE |  | 15835 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 909996 | 9017 | SH |  | SOLE |  | 9017 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 5981152 | 8290 | SH |  | SOLE |  | 8290 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 2835909 | 43852 | SH |  | SOLE |  | 43852 | 0 | 0 |
| SMUCKER J M CO | COM NEW | 832696405 |  | 1041082 | 6570 | SH |  | SOLE |  | 6570 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 11553210 | 30210 | SH |  | SOLE |  | 30210 | 0 | 0 |
| STANLEY BLACK  DECKER INC | COM | 854502101 |  | 4625514 | 61575 | SH |  | SOLE |  | 61575 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2385978 | 9759 | SH |  | SOLE |  | 9759 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 8097265 | 39104 | SH |  | SOLE |  | 39104 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 430254 | 2475 | SH |  | SOLE |  | 2475 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 917742 | 1731 | SH |  | SOLE |  | 1731 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 260323 | 1253 | SH |  | SOLE |  | 1253 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 351931 | 9420 | SH |  | SOLE |  | 9420 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 348094 | 2455 | SH |  | SOLE |  | 2455 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 682408 | 71984 | SH |  | SOLE |  | 71984 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 584034 | 12337 | SH |  | SOLE |  | 12337 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 1412520 | 1192 | SH |  | SOLE |  | 1192 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 12981081 | 314388 | SH |  | SOLE |  | 314388 | 0 | 0 |

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