Hayek Kallen Investment Management

Fundamental diversified ★Signal CIK 1430681
League rank
#710
in Fundamental diversified · #5773 overall
Long book
$307.0M
Q1 2026
Positions
92
Top-10 weight
49%
concentration
Last quarter
+9.2%
SPY +14.8%
Turnover
99%
of book per quarter

Strategy in plain words

auto-generated from filings

Hayek Kallen Investment Management is a diversified fundamental manager, running a $307.0M US long book across 92 positions.

The portfolio is moderately concentrated (top 10 ≈ 49% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: APPLE INC, MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL A, WALMART INC.

Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+6.3%
Q3 2024
-0.5%
Q4 2024
-0.3%
Q1 2025
+5.9%
Q2 2025
+8.8%
Q3 2025
+2.4%
Q4 2025
-2.0%
Q1 2026
+9.2%

Sector allocation

Technology
37%
Financials
13%
Consumer discretionary
11%
Healthcare
8%
Industrials
8%
Consumer staples
7%
Utilities
6%
Services media
4%

Long book by quarter

$260.9M
Q1 2024
$268.2M
Q2 2024
$282.2M
Q3 2024
$275.1M
Q4 2024
$271.5M
Q1 2025
$294.0M
Q2 2025
$316.8M
Q3 2025
$316.8M
Q4 2025
$307.0M
Q1 2026

What does Hayek Kallen own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology133.3K$33.8M11.0%New
MSFT MICROSOFT CORPTechnology58.8K$21.8M7.1%New
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials36.4K$17.4M5.7%New
GOOGL ALPHABET INC-CL ATechnology54.4K$15.6M5.1%New
WMT WALMART INCConsumer discretionary119.1K$14.8M4.8%New
NVDA NVIDIA CORPTechnology65.7K$11.5M3.7%New
WM WASTE MANAGEMENT INCUtilities46.1K$10.6M3.5%New
JNJ JOHNSON & JOHNSONHealthcare36.4K$8.9M2.9%New
JPM JPMORGAN CHASE & COFinancials29.6K$8.7M2.8%New
CAT CATERPILLAR INCIndustrials11.9K$8.4M2.7%New
ABBV ABBVIE INCHealthcare32.9K$7.2M2.3%New
IBM INTL BUSINESS MACHINES CORPTechnology27.2K$6.6M2.1%New
V VISA INC-CLASS A SHARESServices media21.6K$6.5M2.1%New
VZ VERIZON COMMUNICATIONS INCCommunications124.3K$6.2M2.0%New
KO COCA-COLA CO/THEConsumer staples76.4K$5.8M1.9%New
ORCL ORACLE CORPTechnology34.9K$5.1M1.7%New
AMZN AMAZON.COM INCConsumer discretionary24.3K$5.1M1.6%New
PM PHILIP MORRIS INTERNATIONALConsumer staples29.8K$4.9M1.6%New
UNP UNION PACIFIC CORPIndustrials19.2K$4.7M1.5%New
TMO THERMO FISHER SCIENTIFIC INCOther9.0K$4.4M1.4%New
PEP PEPSICO INCConsumer staples25.6K$4.0M1.3%New
MCD MCDONALD'S CORPConsumer discretionary11.1K$3.4M1.1%New
XOM EXXON MOBIL CORPEnergy17.7K$3.0M1.0%New
CVX CHEVRON CORPEnergy14.5K$3.0M1.0%New
DE DEERE & COIndustrials5.2K$2.9M0.9%New
MRK MERCK & CO. INC.Healthcare23.7K$2.9M0.9%New
MO ALTRIA GROUP INCConsumer staples43.2K$2.8M0.9%New
SO SOUTHERN CO/THEUtilities28.2K$2.7M0.9%New
PFE PFIZER INCHealthcare96.1K$2.7M0.9%New
CSCO CISCO SYSTEMS INCTechnology31.4K$2.4M0.8%New
C CITIGROUP INCFinancials19.4K$2.2M0.7%New
T AT&T INCCommunications73.2K$2.1M0.7%New
LOW LOWE'S COS INCConsumer discretionary8.4K$2.0M0.6%New
USB US BANCORPFinancials30.2K$1.6M0.5%New
HD HOME DEPOT INCConsumer discretionary4.8K$1.6M0.5%New
DUK DUKE ENERGY CORPUtilities10.5K$1.4M0.4%New
ACN ACCENTURE PLC-CL AServices media6.9K$1.4M0.4%New
SBUX STARBUCKS CORPConsumer discretionary14.7K$1.3M0.4%New
BAC BANK OF AMERICA CORPFinancials23.6K$1.2M0.4%New
DIS WALT DISNEY CO/THEServices media11.4K$1.1M0.4%New
MA MASTERCARD INC - AServices media2.0K$980K0.3%New
NSC NORFOLK SOUTHERN CORPIndustrials3.2K$924K0.3%New
RTX RTX CORPIndustrials4.3K$826K0.3%New
BNY BANK OF NEW YORK MELLON CORPFinancials6.4K$763K0.2%New
TSLA TESLA INCIndustrials2.0K$752K0.2%New
BA BOEING CO/THEIndustrials3.6K$726K0.2%New
GOOG ALPHABET INC-CL CTechnology2.5K$726K0.2%New
PH PARKER HANNIFIN CORPIndustrials725$649K0.2%New
ABT ABBOTT LABORATORIESHealthcare6.1K$624K0.2%Held
META META PLATFORMS INC-CLASS ATechnology1.0K$592K0.2%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202692$307.0M $K fixed canonicalSEC ↗
Q4 202513F-HRMar 4, 202693$316.8M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 14, 202594$316.8M $K fixed canonicalSEC ↗
Q2 202513F-HRAug 15, 202594$294.0M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 15, 202592$271.5M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 14, 202591$275.1M $K fixed canonicalSEC ↗
Q3 202413F-HROct 15, 202494$282.2M $K fixed canonicalSEC ↗
Q2 202413F-HRJul 18, 202492$268.2M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 3, 202493$260.9M $K fixed canonicalSEC ↗