Hendershot Investments Inc.

Registered adviser

CIK

1541496

Location

CENTREVILLE, VA

Portfolio Value

Small $772,802,360

Diversification

Diversified

Filing Date

Global Rank

#2,986 / 8,827 ▼ 180 · as of Jun 2026

Top Industry

Insurance - Diversified 14.2%

Period ended 38 days ago

Filed Nov 5, 2026 · 2d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 115472

Roster of Nov 1, 2026

Regulatory AUM

$1,070,570,296

Main clients

Individuals and high net worth (92% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$1,070,570,296	Individuals and high net worth (92%)
Apr 2025 to Mar 2026	$984,689,215	Individuals and high net worth (91%)
Apr 2024 to Mar 2025	$883,327,423	Individuals and high net worth (91%)
May 2023 to Mar 2024	$813,842,058	Individuals and high net worth (91%)
Apr 2023	$813,842,058	Individuals and high net worth (91%)
Apr 2022 to Mar 2023	$866,251,369	Individuals and high net worth (92%)

3 earlier changes not shown.

Stated strategy

Fundamental active, Value, Fixed income / rates, Quantitative / systematic, Multi-asset Form ADV Part 2A, Mar 27, 2026 · original

In the firm's words

Fundamental active: Hendershot Investments uses fundamental analysis in formulating investment advice and managing assets.
Value: we wait patiently to invest until the stock is selling at a discount to its intrinsic value to provide us with a margin of safety.
Fixed income / rates: We typically buy and hold to maturity the fixed-income securities purchased for clients.
Quantitative / systematic: Our proprietary valuation model uses the present value of future cash flows to determine a firm’s intrinsic value along with a variety of other valuation metrics.
Multi-asset: We view fixed-income securities as the conservative portion of our clients’ accounts.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 53.9%, 22.0 effective positions, active share 64.9% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

14.5% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 22.8 quarters (12+), a floor since 69.3% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 64.9%; sector active share 25.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

137 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

13.8%

−0.4 pts

Top 5

35.0%

−1.3 pts

Top 10

52.7%

−1.2 pts

HHI

445

Diversified−9

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Technology	29.2%	$225,940,305	14
Financial Services	23.5%	$181,380,270	24
Consumer Cyclical	16.6%	$128,474,028	11
Healthcare	7.9%	$60,703,180	10
Communication Services	7.0%	$54,107,277	7
Industrials	6.7%	$51,571,086	15
Consumer Defensive	4.6%	$35,372,054	11
Unclassified	2.6%	$20,435,567	27
Energy	0.9%	$6,668,444	6
Utilities	0.7%	$5,041,368	7
Real Estate	0.4%	$3,108,781	5

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
SYK	Stryker Corp	+4,430	28,091	$7,735,980
PG	PROCTER & GAMBLE Co	+1,981	89,751	$13,039,025
TXRH	Texas Roadhouse, Inc.	+1,225	74,598	$11,662,651
IVW	iShares S&P 500 Growth ETF	+480	2,107	$299,741
SCHB	Schwab U.S. Broad Market ETF	+296	85,964	$2,519,604
SCHM	Schwab U.S. Mid-Cap ETF	+268	23,947	$814,676
META	Meta Platforms, Inc.	+161	16,270	$11,798,678
SCHA	Schwab U.S. Small-Cap ETF	+155	26,105	$851,806
PAYX	Paychex Inc	+100	107,907	$10,628,839
NVS	Novartis AG	+68	3,399	$484,595
AVGO	Broadcom Inc.	+31	1,085	$381,041
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JNJ	Johnson & Johnson	−37,261	117,588	$31,130,247
GNTX	Gentex Corp	−30,294	371,732	$8,081,453
CTSH	Cognizant Technology Solutions Corp	−15,262	129,650	$7,447,096
ADBE	Adobe Inc.	−6,641	16,243	$3,897,345
AAPL	Apple Inc.	−4,746	170,036	$56,625,388
NVDA	Nvidia Corp	−3,921	127,800	$29,186,964
BKNG	Booking Holdings Inc.	−3,810	175,040	$28,515,766
AMZN	Amazon Com Inc	−3,611	77,224	$19,240,359
GPC	Genuine Parts Co	−3,463	92,533	$11,635,099
GOOGL	Alphabet Inc.	−3,150	97,535	$33,559,842
BRK-B	Berkshire Hathaway Inc	−2,901	208,172	$103,659,247
TJX	Tjx Companies Inc	−2,772	236,157	$31,245,932
ACN	Accenture plc	−2,418	100,856	$18,493,964
ADP	Automatic Data Processing Inc	−2,127	83,612	$21,576,912
KNSL	Kinsale Capital Group, Inc.	−2,100	15,458	$4,989,069
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−2,079	1,240	$242,730
MSFT	Microsoft Corp	−1,888	69,681	$35,739,384
GD	General Dynamics Corp	−1,880	65,327	$21,677,458
ROST	Ross Stores, Inc.	−1,750	70,732	$16,508,848
FAST	Fastenal Co	−1,694	181,881	$9,008,565
V	Visa Inc.	−1,513	74,492	$26,767,210
BR	Broadridge Financial Solutions, Inc.	−1,360	72,332	$11,652,685
GIS	General Mills Inc	−1,149	16,994	$546,527
MA	Mastercard Inc	−1,069	36,721	$20,250,529
GOOG	Alphabet Inc.	−850	18,764	$6,393,645
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
UBER	Uber Technologies, Inc	128,687	$8,816,346
TTE	TotalEnergies SE	8,080	$690,840
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	3,848	$483,578
VONE	VANGUARD RUSSELL 1000 INDEX FUND	1,136	$390,784
CVLC	Calvert US Large-Cap Core Responsible Index ETF	3,081	$291,585
IEFA	iShares Core MSCI EAFE ETF	2,963	$287,055
—		3,923	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
TSCO	Tractor Supply Co	189,675	$5,995,626
PLTR	Palantir Technologies Inc.	3,566	$416,045
PANW	Palo Alto Networks Inc	631	$215,183
TOT	TotalEnergies SE	7,945	$188,002
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

137 tracked positions · $772,802,360 total · filing declares 137 positions · $774,036,080 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 137 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	208,172	-2,901	$103,659,247	−1.9%	13.41%
AAPL	Apple Inc. Technology	Reduced	170,036	-4,746	$56,625,388	+12.0%	7.33%
MSFT	Microsoft Corp Technology	Reduced	69,681	-1,888	$35,739,384	+33.9%	4.62%
GOOGL	Alphabet Inc. Communication Services	Reduced	97,535	-3,150	$33,559,842	−6.7%	4.34%
TJX	Tjx Companies Inc Consumer Cyclical	Reduced	236,157	-2,772	$31,245,932	−13.7%	4.04%
JNJ	Johnson & Johnson Healthcare	Reduced	117,588	-37,261	$31,130,247	−20.8%	4.03%
NVDA	Nvidia Corp Technology	Reduced	127,800	-3,921	$29,186,964	+10.7%	3.78%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	175,040	-3,810	$28,515,766	−10.5%	3.69%
V	Visa Inc. Financial Services	Reduced	74,492	-1,513	$26,767,210	+2.6%	3.46%
GD	General Dynamics Corp Industrials	Reduced	65,327	-1,880	$21,677,458	−8.9%	2.81%
ADP	Automatic Data Processing Inc Technology	Reduced	83,612	-2,127	$21,576,912	+12.4%	2.79%
CPAY	Corpay, Inc. Technology	Reduced	53,405	-529	$20,753,183	+15.5%	2.69%
MA	Mastercard Inc Financial Services	Reduced	36,721	-1,069	$20,250,529	+4.3%	2.62%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	77,224	-3,611	$19,240,359	−0.1%	2.49%
ACN	Accenture plc Technology	Reduced	100,856	-2,418	$18,493,964	+43.9%	2.39%
ROST	Ross Stores, Inc. Consumer Cyclical	Reduced	70,732	-1,750	$16,508,848	+7.0%	2.14%
PEP	Pepsico Inc Consumer Defensive	Reduced	128,994	-670	$16,346,119	−6.9%	2.12%
RMD	Resmed Inc Healthcare	Reduced	60,261	-295	$13,323,707	+12.9%	1.72%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	89,751	+1,981	$13,039,025	+1.3%	1.69%
RTX	RTX Corp Industrials	Reduced	64,226	-699	$11,923,556	−3.2%	1.54%
META	Meta Platforms, Inc. Communication Services	Added	16,270	+161	$11,798,678	+30.0%	1.53%
TXRH	Texas Roadhouse, Inc. Consumer Cyclical	Added	74,598	+1,225	$11,662,651	−17.7%	1.51%
BR	Broadridge Financial Solutions, Inc. Technology	Reduced	72,332	-1,360	$11,652,685	+15.5%	1.51%
GPC	Genuine Parts Co Consumer Cyclical	Reduced	92,533	-3,463	$11,635,099	+2.7%	1.51%
PAYX	Paychex Inc Technology	Added	107,907	+100	$10,628,839	+0.3%	1.38%
FAST	Fastenal Co Industrials	Reduced	181,881	-1,694	$9,008,565	+2.2%	1.17%
UBER	Uber Technologies, Inc Technology	NEW	128,687	NEW	$8,816,346	NEW	1.14%
GNTX	Gentex Corp Consumer Cyclical	Reduced	371,732	-30,294	$8,081,453	−20.5%	1.05%
SYK	Stryker Corp Healthcare	Added	28,091	+4,430	$7,735,980	+3.8%	1.00%
CTSH	Cognizant Technology Solutions Corp Technology	Reduced	129,650	-15,262	$7,447,096	+32.7%	0.96%
AXP	American Express Co Financial Services	Held	23,903	0	$7,268,902	−10.1%	0.94%
GOOG	Alphabet Inc. Communication Services	Reduced	18,764	-850	$6,393,645	−7.7%	0.83%
FDS	Factset Research Systems Inc Financial Services	Reduced	22,047	-237	$5,951,587	+16.1%	0.77%
KNSL	Kinsale Capital Group, Inc. Financial Services	Reduced	15,458	-2,100	$4,989,069	−13.8%	0.65%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	12,178	-21	$4,557,494	+1.0%	0.59%
VSEC	Vse Corp Industrials	Held	24,055	0	$3,961,858	−27.9%	0.51%
ADBE	Adobe Inc. Technology	Reduced	16,243	-6,641	$3,897,345	−16.9%	0.50%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	4	0	$2,988,020	−0.2%	0.39%
LLY	ELI LILLY & Co Healthcare	Reduced	2,438	-15	$2,820,961	−4.1%	0.37%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	Reduced	111,033	-556	$2,631,482	−4.4%	0.34%
CVX	Chevron Corp Energy	Reduced	12,567	-5	$2,566,307	+23.1%	0.33%
SCHB	Schwab U.S. Broad Market ETF	Added	85,964	+296	$2,519,604	+1.6%	0.33%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	7,088	-175	$2,344,923	−1.4%	0.30%
MRK	Merck & Co., Inc. Healthcare	Held	12,937	0	$1,879,875	+13.1%	0.24%
ABBV	AbbVie Inc. Healthcare	Reduced	6,841	-287	$1,789,537	−0.2%	0.23%
VIGI	Vanguard Whitehall Funds	Reduced	17,885	-191	$1,688,701	+0.0%	0.22%
DIS	Walt Disney Co Communication Services	Held	14,766	0	$1,548,953	+9.0%	0.20%
BAC	Bank Of America Corp Financial Services	Held	25,303	0	$1,377,242	−4.5%	0.18%
CEG	Constellation Energy Corp Utilities	Reduced	5,390	-257	$1,369,167	−2.4%	0.18%
XOM	ExxonMobil Holdings Corp Energy	Held	7,979	0	$1,298,582	+19.0%	0.17%

Showing the top 50 of 137 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.