# FOUNDERS CAPITAL MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1585828. Source: https://holderbook.com/funds/1585828-founders-capital-management-llc/

- Reported value: $670.1M
- Positions: 79
- Weight of the ten largest: 70.4%
- Filed: 2026-07-20

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $155.9M | 441,185 | 23.3% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $70.4M | 140,600 | 10.5% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $52.1M | 92,541 | 7.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $45.5M | 122,044 | 6.8% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $40.1M | 112,146 | 6.0% | 22 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $25.5M | 75,527 | 3.8% | 31 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $21.3M | 68,144 | 3.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $21.3M | 73,438 | 3.2% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $20.2M | 27,016 | 3.0% | 29 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $19.2M | 402,966 | 2.9% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $13.5M | 49,617 | 2.0% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $12.4M | 114,910 | 1.8% | 26 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $11.4M | 84,267 | 1.7% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $10.8M | 30,553 | 1.6% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $10.4M | 128,040 | 1.6% | 31 |
| VANGUARD SCOTTSDALE FDS | [VONE](https://holderbook.com/stocks/VONE/) | $10.2M | 30,204 | 1.5% | 13 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $10.1M | 13,660 | 1.5% | 13 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $8.0M | 22,646 | 1.2% | 26 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $7.4M | 77,245 | 1.1% | 31 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $7.2M | 14,154 | 1.1% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $6.8M | 18,820 | 1.0% | 31 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $6.4M | 53,315 | 0.9% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.8M | 22,899 | 0.9% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $5.7M | 22,823 | 0.9% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $5.3M | 217,889 | 0.8% | 31 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $5.2M | 8,385 | 0.8% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $5.2M | 44,454 | 0.8% | 31 |
| FEDEX FGHT HLDG CO INC | - | $5.1M | 33,770 | 0.8% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $4.7M | 21,458 | 0.7% | 31 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $3.4M | 14,423 | 0.5% | 19 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $3.0M | 41,816 | 0.5% | 18 |
| BANK OF AMER CORP | [BACPRL](https://holderbook.com/stocks/BACPRL/) | $2.8M | 2,217 | 0.4% | 19 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.7M | 30,261 | 0.4% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.4M | 5,609 | 0.4% | 6 |
| KRAFT HEINZ CO | [KHC](https://holderbook.com/stocks/KHC/) | $2.4M | 102,100 | 0.4% | 12 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.2M | 13,466 | 0.3% | 18 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $2.2M | 7,058 | 0.3% | 31 |
| WARNER BROS DISCOVERY INC | [WBD](https://holderbook.com/stocks/WBD/) | $1.9M | 71,284 | 0.3% | 17 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $1.7M | 14,088 | 0.3% | 18 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.5M | 7,926 | 0.2% | 25 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.2M | 8,260 | 0.2% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.0M | 2,157 | 0.2% | 11 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $927.9K | 1,228 | 0.1% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $899.5K | 6,134 | 0.1% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $860.1K | 7,594 | 0.1% | 31 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $857.3K | 741 | 0.1% | 19 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $846.7K | 11,079 | 0.1% | 29 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $753.9K | 3,163 | 0.1% | 15 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.1% | 31 |
| CAMDEN NATL CORP | [CAC](https://holderbook.com/stocks/CAC/) | $704.2K | 12,988 | 0.1% | 23 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $675.7K | 346 | 0.1% | 26 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $634.9K | 2,303 | 0.1% | 20 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $630.2K | 1,257 | 0.1% | 5 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $559.8K | 8,000 | 0.1% | 26 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $543.7K | 9,542 | 0.1% | 27 |
| SPROTT ASSET MANAGEMENT LP | [CEF](https://holderbook.com/stocks/CEF/) | $537.1K | 13,350 | 0.1% | 1 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $536.7K | 1,045 | 0.1% | 10 |
| BOSTON BEER INC | [SAM](https://holderbook.com/stocks/SAM/) | $530.2K | 2,995 | 0.1% | 19 |
| FASTENAL CO | [FAST](https://holderbook.com/stocks/FAST/) | $500.9K | 10,428 | 0.1% | 25 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $484.0K | 6,599 | 0.1% | 15 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $445.8K | 1,417 | 0.1% | 31 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $413.2K | 5,000 | 0.1% | 20 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $408.1K | 982 | 0.1% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $374.8K | 352 | 0.1% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $371.4K | 2,534 | 0.1% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $370.2K | 519 | 0.1% | 4 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $346.5K | 803 | 0.1% | 1 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $342.5K | 14,857 | 0.1% | 11 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $336.2K | 980 | 0.1% | 25 |
| ADAMS DIVERSIFIED EQUITY FD | [ADX](https://holderbook.com/stocks/ADX/) | $316.1K | 12,372 | 0.0% | 9 |
| DARDEN RESTAURANTS INC | [DRI](https://holderbook.com/stocks/DRI/) | $309.0K | 1,500 | 0.0% | 15 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $306.6K | 3,815 | 0.0% | 1 |
| FIRST BANCORP CORPORATION | [FBP](https://holderbook.com/stocks/FBP/) | $286.8K | 11,000 | 0.0% | 13 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $271.1K | 3,496 | 0.0% | 12 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $249.1K | 3,184 | 0.0% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $247.0K | 661 | 0.0% | 1 |
| OFG BANCORP | [OFG](https://holderbook.com/stocks/OFG/) | $245.3K | 5,000 | 0.0% | 13 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $210.1K | 3,000 | 0.0% | 1 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $201.0K | 614 | 0.0% | 6 |

## 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 | +9.2% | +14.8% | -5.6% | 100% |
| Q1 2026 | -6.2% | -4.6% | -1.6% | 100% |
| Q4 2025 | +6.7% | +2.4% | +4.3% | 100% |
| Q3 2025 | +9.7% | +7.8% | +1.9% | 100% |
| Q2 2025 | +7.8% | +10.5% | -2.6% | 100% |
| Q1 2025 | -4.3% | -4.6% | +0.2% | 100% |
| Q4 2024 | +0.9% | +2.1% | -1.2% | 100% |
| Q3 2024 | +4.1% | +5.4% | -1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $670.1M | 79 |
| Q1 2026 | $608.4M | 74 |
| Q4 2025 | $673.3M | 79 |
| Q3 2025 | $639.2M | 79 |
| Q2 2025 | $587.1M | 78 |
| Q1 2025 | $543.7M | 76 |
| Q4 2024 | $570.3M | 73 |
| Q3 2024 | $576.6M | 77 |
| Q2 2024 | $556.8M | 77 |
| Q1 2024 | $540.6M | 78 |
| Q4 2023 | $487.8M | 78 |
| Q3 2023 | $440.5M | 75 |