# Hayek Kallen Investment Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1430681. Source: https://holderbook.com/funds/1430681-hayek-kallen-investment-management/

- Reported value: $329.7M
- Positions: 97
- Weight of the ten largest: 50.2%
- Filed: 2026-08-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $38.4M | 132,590 | 11.6% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $21.8M | 58,559 | 6.6% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $18.9M | 52,981 | 5.7% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $18.1M | 36,172 | 5.5% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $13.3M | 117,484 | 4.0% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $13.1M | 65,406 | 4.0% | 2 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $12.4M | 11,607 | 3.7% | 2 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $10.4M | 46,746 | 3.2% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.8M | 29,852 | 3.0% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.3M | 36,608 | 2.8% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $8.3M | 32,910 | 2.5% | 2 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $7.8M | 27,560 | 2.4% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.4M | 21,711 | 2.3% | 2 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $6.4M | 63,313 | 1.9% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $6.3M | 77,223 | 1.9% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.0M | 25,353 | 1.8% | 2 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $5.9M | 37,538 | 1.8% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $5.4M | 29,900 | 1.6% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $5.3M | 126,321 | 1.6% | 2 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $5.2M | 19,142 | 1.6% | 2 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.9M | 33,216 | 1.5% | 2 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $4.6M | 6,247 | 1.4% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $4.5M | 89,474 | 1.4% | 2 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $4.4M | 8,765 | 1.3% | 2 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.2M | 26,407 | 1.3% | 2 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $4.1M | 109,902 | 1.2% | 2 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $3.7M | 31,510 | 1.1% | 2 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.4M | 25,038 | 1.0% | 2 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $3.3M | 5,278 | 1.0% | 2 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $3.1M | 43,485 | 0.9% | 2 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $3.1M | 24,059 | 0.9% | 2 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.0M | 11,019 | 0.9% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $2.8M | 20,037 | 0.9% | 2 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.7M | 28,200 | 0.8% | 2 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $2.5M | 43,316 | 0.8% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.4M | 14,400 | 0.7% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $2.4M | 17,362 | 0.7% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $2.3M | 94,912 | 0.7% | 2 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.8M | 8,255 | 0.6% | 2 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $1.7M | 27,974 | 0.5% | 2 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.7M | 4,781 | 0.5% | 2 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.6M | 75,474 | 0.5% | 2 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.5M | 15,515 | 0.5% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.5M | 14,537 | 0.5% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 25,290 | 0.4% | 2 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.3M | 10,493 | 0.4% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.1M | 2,159 | 0.3% | 2 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.1M | 11,134 | 0.3% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.1M | 1,418 | 0.3% | 2 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $1.0M | 3,220 | 0.3% | 2 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $930.0K | 6,429 | 0.3% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $897.0K | 2,539 | 0.3% | 2 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $874.0K | 2,078 | 0.3% | 2 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $808.0K | 25,471 | 0.2% | 2 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $803.0K | 4,232 | 0.2% | 2 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $790.0K | 3,650 | 0.2% | 2 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $768.0K | 9,904 | 0.2% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $742.0K | 1,317 | 0.2% | 2 |
| PARKER-HANNIFIN CORP | [PH](https://holderbook.com/stocks/PH/) | $709.0K | 725 | 0.2% | 2 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $689.0K | 597 | 0.2% | 2 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $680.0K | 25,671 | 0.2% | 2 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $616.0K | 9,028 | 0.2% | 2 |
| GLOBE LIFE INC | [GL](https://holderbook.com/stocks/GL/) | $612.0K | 3,425 | 0.2% | 2 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $573.0K | 6,523 | 0.2% | 2 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $571.0K | 2,550 | 0.2% | 2 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $565.0K | 3,853 | 0.2% | 2 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $558.0K | 4,481 | 0.2% | 2 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $552.0K | 6,080 | 0.2% | 31 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $499.0K | 859 | 0.2% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $497.0K | 1,314 | 0.2% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $482.0K | 1,112 | 0.1% | 1 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $469.0K | 898 | 0.1% | 2 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $467.0K | 5,655 | 0.1% | 2 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $467.0K | 1,096 | 0.1% | 2 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $460.0K | 4,325 | 0.1% | 2 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $447.0K | 700 | 0.1% | 2 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $411.0K | 8,250 | 0.1% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $392.0K | 1,305 | 0.1% | 2 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $391.0K | 3,630 | 0.1% | 2 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $366.0K | 4,426 | 0.1% | 2 |
| ACUITY INC | [AYI](https://holderbook.com/stocks/AYI/) | $340.0K | 903 | 0.1% | 2 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $324.0K | 6,407 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCHQ](https://holderbook.com/stocks/SCHQ/) | $313.0K | 9,990 | 0.1% | 2 |
| CORTEVA INC | [CTVA](https://holderbook.com/stocks/CTVA/) | $290.0K | 3,419 | 0.1% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $264.0K | 1,240 | 0.1% | 2 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $259.0K | 4,472 | 0.1% | 2 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $247.0K | 1,105 | 0.1% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $244.0K | 1,105 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $228.0K | 1,044 | 0.1% | 2 |
| ROUNDHILL ETF TRUST | - | $214.0K | 2,900 | 0.1% | 1 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $212.0K | 11,984 | 0.1% | 2 |
| SCHWAB STRATEGIC TR | [SCMB](https://holderbook.com/stocks/SCMB/) | $207.0K | 8,000 | 0.1% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $206.0K | 1,750 | 0.1% | 2 |
| AMARIN CORP PLC | [AMRN](https://holderbook.com/stocks/AMRN/) | $204.0K | 12,809 | 0.1% | 2 |
| FRANKLIN TEMPLETON ETF TR | [FLMI](https://holderbook.com/stocks/FLMI/) | $201.0K | 8,000 | 0.1% | 1 |
| CORMEDIX INC | [CRMD](https://holderbook.com/stocks/CRMD/) | $123.0K | 15,728 | 0.0% | 2 |
| ANAVEX LIFE SCIENCES CORP | [AVXL](https://holderbook.com/stocks/AVXL/) | $122.0K | 47,109 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.0% | +14.8% | -7.9% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 100% |
| Q3 2025 | +8.3% | +7.8% | +0.5% | 100% |
| Q2 2025 | +5.4% | +10.5% | -5.1% | 100% |
| Q1 2025 | -0.8% | -4.6% | +3.8% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.1% | 101% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |
| Q2 2024 | +2.7% | +4.0% | -1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $329.7M | 97 |
| Q1 2026 | $307.0M | 92 |
| Q4 2025 | $316.8M | 93 |
| Q3 2025 | $316.8M | 94 |
| Q2 2025 | $294.0M | 94 |
| Q1 2025 | $271.5M | 92 |
| Q4 2024 | $275.1M | 91 |
| Q3 2024 | $282.2M | 94 |
| Q2 2024 | $268.2M | 92 |
| Q1 2024 | $260.9M | 93 |
| Q4 2023 | $239.5M | 87 |
| Q3 2023 | $223.3M | 87 |