FOUNDERS CAPITAL MANAGEMENT LLC's Q3 2025 13F: 2 new positions, 1 exit

Form 13F-HR for the quarter ended Sep 30, 2025 · filed Oct 10, 2025 · 79 reported positions · accession 0001172661-25-004246

View the filing on SEC.gov

What changed this quarter

Activity Security Weight before Weight now Change Shares Shares %
Exited FLAGSTAR FINANCIAL INC (FLGPRU) 0.2% — −0.2 pts −27,576 sh −100%
Reduced ALPHABET INC (GOOG) 13.7% 17.0% +3.4 pts −4,459 sh −1%
Reduced MICROSOFT CORP (MSFT) 10.4% 9.8% −0.6 pts −1,326 sh −1%
Reduced META PLATFORMS INC (META) 11.8% 10.6% −1.1 pts −915 sh −1%
Reduced BERKSHIRE HATHAWAY INC DEL (BRK-B) 11.7% 11.0% −0.6 pts −900 sh −1%
Reduced WELLS FARGO CO NEW (WFC) 4.0% 3.7% −0.2 pts −4,907 sh −2%
Reduced APPLE INC (AAPL) 2.7% 3.0% +0.3 pts −1,590 sh −2%
Increased CANADIAN NATL RY CO (CNI) 0.6% 0.5% 0.0 pts +3,320 sh +10%
Increased UNITED PARCEL SERVICE INC (UPS) 1.9% 1.5% −0.4 pts +3,485 sh +3%
New INTEL CORP (INTC) — 0.0% 0.0 pts +8,450 sh new
Reduced HOME DEPOT INC (HD) 2.2% 2.1% 0.0 pts −620 sh −2%
New CUMMINS INC (CMI) — 0.0% 0.0 pts +494 sh new
Reduced CSX CORP (CSX) 2.3% 2.3% 0.0 pts −4,562 sh −1%
Reduced LOCKHEED MARTIN CORP (LMT) 1.2% 1.1% 0.0 pts −254 sh −2%
Reduced WELLS FARGO CO NEW (WFCPRL) 0.2% 0.2% 0.0 pts −97 sh −11%
Reduced DISNEY WALT CO (DIS) 1.7% 1.4% −0.3 pts −967 sh −1%
Reduced NORFOLK SOUTHN CORP (NSC) 0.1% 0.1% 0.0 pts −347 sh −20%
Reduced AMERICAN EXPRESS CO (AXP) 4.2% 4.0% −0.2 pts −278 sh 0%
Reduced LOWES COS INC (LOW) 0.9% 0.9% 0.0 pts −348 sh −2%
Reduced GENERAL DYNAMICS CORP (GD) 1.2% 1.3% +0.1 pts −240 sh −1%
Reduced COCA COLA CO (KO) 1.6% 1.4% −0.2 pts −852 sh −1%
Reduced AMAZON COM INC (AMZN) 0.1% 0.1% 0.0 pts −181 sh −5%
Reduced JPMORGAN CHASE & CO. (JPM) 0.0% 0.0% 0.0 pts −110 sh −13%
Reduced CISCO SYS INC (CSCO) 0.5% 0.5% −0.1 pts −485 sh −1%
Reduced MCKESSON CORP (MCK) 0.2% 0.2% 0.0 pts −32 sh −2%
Increased PEPSICO INC (PEP) 1.9% 1.8% 0.0 pts +144 sh 0%
Reduced COMCAST CORP NEW (CMCSA) 1.4% 1.1% −0.3 pts −538 sh 0%
Reduced ABBVIE INC (ABBV) 0.7% 0.8% +0.1 pts −69 sh 0%
Reduced WARNER BROS DISCOVERY INC (WBD) 0.1% 0.2% +0.1 pts −704 sh −1%
Increased ALPHABET INC (GOOGL) 3.3% 4.2% +0.9 pts +53 sh 0%
Reduced FEDEX CORP (FDX) 2.7% 2.6% −0.1 pts −50 sh 0%
Reduced ABBOTT LABS (ABT) 0.7% 0.6% −0.1 pts −70 sh 0%
Reduced KRAFT HEINZ CO (KHC) 0.4% 0.4% 0.0 pts −327 sh 0%
Reduced SPDR S&P 500 ETF TR (SPY) 2.8% 2.8% 0.0 pts −12 sh 0%
Increased ADAMS DIVERSIFIED EQUITY FD (ADX) 0.0% 0.0% 0.0 pts +229 sh +2%
Increased REGENERON PHARMACEUTICALS (REGN) 0.7% 0.7% 0.0 pts +3 sh 0%
Reduced AMGEN INC (AMGN) 0.9% 0.8% −0.1 pts −2 sh 0%

Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled

Top 10 positions — 68.9% of the equity book

No changes in the top 10 this quarter

# Security Weight before Weight now
1 ALPHABET INC (GOOG) 13.7% 17.0%
2 BERKSHIRE HATHAWAY INC DEL (BRK-B) 11.7% 11.0%
3 META PLATFORMS INC (META) 11.8% 10.6%
4 MICROSOFT CORP (MSFT) 10.4% 9.8%
5 ALPHABET INC (GOOGL) 3.3% 4.2%
6 AMERICAN EXPRESS CO (AXP) 4.2% 4.0%
7 WELLS FARGO CO NEW (WFC) 4.0% 3.7%
8 APPLE INC (AAPL) 2.7% 3.0%
9 SPDR S&P 500 ETF TR (SPY) 2.8% 2.8%
10 FEDEX CORP (FDX) 2.7% 2.6%

Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).