# EDGAR Filing Document

**Accession Number:** 0001585828
**File Stem:** 0001172661-25-004246
**Filing Date:** 2025-10
**Character Count:** 11299
**Document Hash:** 96fc7e4a17f631639b130ec4539950e1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-25-004246.hdr.sgml**: 20251010

**ACCESSION NUMBER**: 0001172661-25-004246

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251010

**DATE AS OF CHANGE**: 20251010

**EFFECTIVENESS DATE**: 20251010

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FOUNDERS CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001585828

**ORGANIZATION NAME:**
- **EIN:** 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:** 251386917

**BUSINESS ADDRESS:**
- **STREET 1:** 1 STATE STREET
- **STREET 2:** SUITE 1700
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103
- **BUSINESS PHONE:** 8603080061

**MAIL ADDRESS:**
- **STREET 1:** 1 STATE STREET
- **STREET 2:** SUITE 1700
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** FOUNDERS CAPITAL MANAGEMENT LLC<br>**Address:** 1 State Street<br>Suite 1700<br>Hartford, CT 06103

**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  Hartford, CT  10-10-2025<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:** 79

**Form 13F Information Table Value Total:** $639221111

      (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 |  | 4069633 | 30384 | SH |  | SOLE |  | 30384 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 5293236 | 22861 | SH |  | SOLE |  | 22861 | 0 | 0 |
| ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 |  | 263626 | 11822 | SH |  | SOLE |  | 11822 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 27141872 | 111649 | SH |  | SOLE |  | 111649 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 108947510 | 447331 | SH |  | SOLE |  | 447331 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 756858 | 3447 | SH |  | SOLE |  | 3447 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 25630462 | 77163 | SH |  | SOLE |  | 77163 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 491250 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| AMGEN INC | COM | 031162100 |  | 5363493 | 19006 | SH |  | SOLE |  | 19006 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 19003546 | 74632 | SH |  | SOLE |  | 74632 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 542262 | 10511 | SH |  | SOLE |  | 10511 | 0 | 0 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 2935040 | 2293 | SH |  | SOLE |  | 2293 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 70580674 | 140392 | SH |  | SOLE |  | 140392 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754200 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BOSTON BEER INC | CL A | 100557107 |  | 633203 | 2995 | SH |  | SOLE |  | 2995 | 0 | 0 |
| CAMDEN NATL CORP | COM | 133034108 |  | 358887 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 3335957 | 35376 | SH |  | SOLE |  | 35376 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 255096 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 301485 | 5050 | SH |  | SOLE |  | 5050 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 2083526 | 13417 | SH |  | SOLE |  | 13417 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 3088616 | 45142 | SH |  | SOLE |  | 45142 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 8766443 | 132184 | SH |  | SOLE |  | 132184 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 7009394 | 223087 | SH |  | SOLE |  | 223087 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 14484209 | 407891 | SH |  | SOLE |  | 407891 | 0 | 0 |
| CUMMINS INC | COM | 231021106 |  | 208651 | 494 | SH |  | SOLE |  | 494 | 0 | 0 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 285540 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| DISNEY WALT CO | COM | 254687106 |  | 8980693 | 78434 | SH |  | SOLE |  | 78434 | 0 | 0 |
| FASTENAL CO | COM | 311900104 |  | 500208 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 16400586 | 69550 | SH |  | SOLE |  | 69550 | 0 | 0 |
| FIRST BANCORP P R | COM NEW | 318672706 |  | 573300 | 26000 | SH |  | SOLE |  | 26000 | 0 | 0 |
| GENERAL DYNAMICS CORP | COM | 369550108 |  | 8364048 | 24528 | SH |  | SOLE |  | 24528 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 201680 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 213424 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 13714061 | 33846 | SH |  | SOLE |  | 33846 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 283498 | 8450 | SH |  | SOLE |  | 8450 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 8205257 | 13667 | SH |  | SOLE |  | 13667 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 1208739 | 10172 | SH |  | SOLE |  | 10172 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 4265402 | 23004 | SH |  | SOLE |  | 23004 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 223009 | 707 | SH |  | SOLE |  | 707 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 277677 | 14857 | SH |  | SOLE |  | 14857 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 2490570 | 95644 | SH |  | SOLE |  | 95644 | 0 | 0 |
| LAM RESEARCH CORP | COM NEW | 512807306 |  | 751045 | 5609 | SH |  | SOLE |  | 5609 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 7332396 | 14688 | SH |  | SOLE |  | 14688 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 5575312 | 22185 | SH |  | SOLE |  | 22185 | 0 | 0 |
| M  T BK CORP | COM | 55261F104 |  | 3088405 | 15628 | SH |  | SOLE |  | 15628 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 661331 | 346 | SH |  | SOLE |  | 346 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 580755 | 1021 | SH |  | SOLE |  | 1021 | 0 | 0 |
| MCKESSON CORP | COM | 58155Q103 |  | 1321043 | 1710 | SH |  | SOLE |  | 1710 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 707728 | 7431 | SH |  | SOLE |  | 7431 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 68054995 | 92670 | SH |  | SOLE |  | 92670 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 62939212 | 121516 | SH |  | SOLE |  | 121516 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 1816225 | 14088 | SH |  | SOLE |  | 14088 | 0 | 0 |
| NEW YORK TIMES CO | CL A | 650111107 |  | 459200 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 407056 | 1355 | SH |  | SOLE |  | 1355 | 0 | 0 |
| OFG BANCORP | COM | 67103X102 |  | 434900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 2512598 | 8934 | SH |  | SOLE |  | 8934 | 0 | 0 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 231958 | 2537 | SH |  | SOLE |  | 2537 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 11740082 | 83595 | SH |  | SOLE |  | 83595 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 788248 | 3923 | SH |  | SOLE |  | 3923 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 943411 | 6140 | SH |  | SOLE |  | 6140 | 0 | 0 |
| REGENERON PHARMACEUTICALS | COM | 75886F107 |  | 4653909 | 8277 | SH |  | SOLE |  | 8277 | 0 | 0 |
| RESTAURANT BRANDS INTL INC | COM | 76131D103 |  | 2682078 | 41816 | SH |  | SOLE |  | 41816 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 1326760 | 7929 | SH |  | SOLE |  | 7929 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 250069 | 3496 | SH |  | SOLE |  | 3496 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 17859181 | 26808 | SH |  | SOLE |  | 26808 | 0 | 0 |
| STRYKER CORPORATION | COM | 863667101 |  | 2762174 | 7472 | SH |  | SOLE |  | 7472 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 587347 | 2103 | SH |  | SOLE |  | 2103 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 |  | 670470 | 2326 | SH |  | SOLE |  | 2326 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 609670 | 1257 | SH |  | SOLE |  | 1257 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 11787299 | 49868 | SH |  | SOLE |  | 49868 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 9596762 | 114890 | SH |  | SOLE |  | 114890 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 329071 | 953 | SH |  | SOLE |  | 953 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 9132179 | 30204 | SH |  | SOLE |  | 30204 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 339673 | 995 | SH |  | SOLE |  | 995 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 766766 | 7440 | SH |  | SOLE |  | 7440 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1463324 | 74927 | SH |  | SOLE |  | 74927 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 658536 | 11079 | SH |  | SOLE |  | 11079 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 23940501 | 285618 | SH |  | SOLE |  | 285618 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 972621 | 788 | SH |  | SOLE |  | 788 | 0 | 0 |

---