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Institutional Investment Manager
FOUNDERS CAPITAL MANAGEMENT, LLC
FOUNDERS CAPITAL MANAGEMENT, LLC (CIK: 0001585828) incorporated in Connecticut, located at 1 State Street, Hartford, CT. Institutional holdings reported to the SEC.

Institutional Holdings (2017Q2)
Portfolio Summary: 55 holdings with a total value of $200,313,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 126,266 21,554,000 10.76%
2 CSX CORP 259,418 14,122,000 7.05%
3 PEPSICO INC 98,934 11,405,000 5.69%
4 INTEL CORP 262,093 8,986,000 4.49%
5 AT&T INC 232,258 8,855,000 4.42%
6 COCA COLA CO 193,353 8,625,000 4.31%
7 MICROSOFT CORP 125,023 8,574,000 4.28%
8 UNITED TECHNOLOGIES CORP 68,725 8,375,000 4.18%
9 DISNEY WALT CO 73,581 7,818,000 3.90%
10 JOHNSON & JOHNSON 56,017 7,411,000 3.70%
11 HOME DEPOT INC 46,733 7,169,000 3.58%
12 LOCKHEED MARTIN CORP 24,222 6,697,000 3.34%
13 AMERICAN EXPRESS CO 78,161 6,657,000 3.32%
14 MCKESSON CORP 37,352 6,424,000 3.21%
15 MEDTRONIC PLC 70,289 6,195,000 3.09%
16 DAVITA INC 93,824 6,076,000 3.03%
17 WALGREENS BOOTS ALLIANCE INC 71,991 6,035,000 3.01%
18 CHEVRON CORP NEW 55,997 5,837,000 2.91%
19 INTERNATIONAL BUSINESS MACHS 37,597 5,755,000 2.87%
20 UNION PAC CORP 38,379 4,269,000 2.13%
21 STRYKER CORP 29,999 4,101,000 2.05%
22 ALPHABET INC 481 3,097,000 1.55%
23 MCDONALDS CORP 18,636 2,828,000 1.41%
24 ABBVIE INC 34,437 2,497,000 1.25%
25 CISCO SYS INC 79,915 2,492,000 1.24%
26 WELLS FARGO CO NEW 1,776 2,329,000 1.16% PRN
27 ABBOTT LABS 42,256 2,054,000 1.03%
28 AMGEN INC 10,580 1,822,000 0.91%
29 UNITED PARCEL SERVICE INC 12,240 1,750,000 0.87%
30 PROCTER AND GAMBLE CO 15,634 1,363,000 0.68%
31 Baldwin & Lyons Class A 44,690 1,046,000 0.52%
32 LOWES COS INC 10,353 803,000 0.40%
33 APPLE INC 4,798 691,000 0.34%
34 GENERAL ELECTRIC CO 18,304 495,000 0.25%
35 HALLIBURTON CO 10,220 430,000 0.21%
36 CENTRAL FD CDA LTD 33,759 416,000 0.21%
37 3M CO 1,939 404,000 0.20%
38 CIGNA CORPORATION 2,268 380,000 0.19%
39 RAYTHEON CO 2,327 378,000 0.19%
40 REGENERON PHARMACEUTICALS 677 333,000 0.17%
41 JPMORGAN CHASE & CO 3,617 332,000 0.17%
42 EXXON MOBIL CORP 19,094 316,000 0.16%
43 ORACLE CORP 5,724 287,000 0.14%
44 TOWER SEMICONDUCTOR LTD SHS NEW 11,500 274,000 0.14%
45 FACEBOOK INC 1,800 272,000 0.14%
46 ALPHABET INC 279 259,000 0.13%
47 BERKSHIRE HATHAWAY INC DEL 1 255,000 0.13%
48 HUDSON TECHNOLOGIES INC COM 30,000 254,000 0.13%
49 NORFOLK SOUTHERN CORP 2,008 244,000 0.12%
50 WAL-MART STORES INC 20,034 237,000 0.12%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-17-037461, filed 2017.07.20).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.