Institutional Manager · CIK 0001084207

HENDLEY & CO INC

ZANESVILLE, OH · File #028-04437

Latest AUM

$296,646

Positions

Top-10 Concentration

58.7%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
NEW	ASTRAZENECA ADR	AZN	+64,805	+$5,958	$0
EXITED	ASTRAZENECA ADR	046353108	-73,220	-$5,617	$0
REDUCE	AMPHENOL CORPORATION CL A	032095101	-30,035	-$4,059	+$1,820
REDUCE	NVIDIA CORPORATION	NVDA	-20,402	-$3,805	-$2
ADD	COSTCO WHOLESALE CORP	22160K105	+3,886	+$3,351	-$205
NEW	FACTSET RESEARCH SYSTEMS, INC.	303075105	+7,450	+$2,162	$0
ADD	ALPHABET, INC. - CLASS A	GOOG	+6,428	+$2,012	+$215
REDUCE	EXPEDITORS INT'L OF WASHINGTON	302130109	-13,285	-$1,980	+$952
REDUCE	VISA INC.	V	-4,809	-$1,687	+$685
NEW	ADVANCED MICRO DEVICES INC	AMD	+7,790	+$1,668	$0

Sector Allocation

14.8%$41,375

11.6%$32,567

9.1%$25,361

7.3%$20,475

6.0%$16,877

5.9%$16,641

Consumer Discretionary

4.8%$13,305

Consumer Staples

4.2%$11,830

Filing History

Feb 5, 202613F HOLDINGS REPORTQ/E Dec 202562 pos · $296,646
Nov 13, 202513F HOLDINGS REPORTQ/E Sep 202547 pos · $301,815
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 202546 pos · $286,421
Apr 29, 202513F HOLDINGS REPORTQ/E Mar 202551 pos · $286,049
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 202457 pos · $285,080
Oct 31, 202413F HOLDINGS REPORTQ/E Sep 202454 pos · $286,845
Jul 16, 202413F HOLDINGS REPORTQ/E Jun 202453 pos · $278,567
May 2, 202413F HOLDINGS REPORTQ/E Mar 202455 pos · $279,644
Oct 25, 202313F HOLDINGS REPORTQ/E Dec 202353 pos · $248,159

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	BERKSHIRE HATHAWAY - CL B	BRK-A	51,531	$25,902	9.26%
2	VISA INC.	V	68,604	$24,060	8.60%
3	MICROSOFT CORPORATION	MSFT	44,593	$21,566	7.71%
4	AMPHENOL CORPORATION CL A	032095101	129,715	$17,530	6.27%
5	PARKER-HANNIFIN CORP.	PH	18,977	$16,680	5.96%
6	APPLE INC.	AAPL	58,059	$15,784	5.64%
7	WHEATON PRECIOUS METALS CORP	WPM	106,351	$12,498	4.47%
8	ABBOTT LABORATORIES	ABLZF	99,374	$12,451	4.45%
9	AMAZON.COM,INC.	AMZN	42,173	$9,734	3.48%
10	UNION PACIFIC CORP.	UNP	34,365	$7,949	2.84%
11	CHEVRON CORPORATION	CVX	49,469	$7,540	2.69%
12	EATON CORP PLC	ETN	23,110	$7,361	2.63%
13	PEPSICO INC.	PEP	48,254	$6,925	2.48%
14	APPLIED MATERIALS, INC.	038222105	26,847	$6,899	2.47%
15	PROCTER & GAMBLE COMPANY	742718109	44,179	$6,331	2.26%
16	COSTCO WHOLESALE CORP	22160K105	7,128	$6,147	2.20%
17	ASTRAZENECA ADR	AZN	64,805	$5,958	2.13%
18	CONOCOPHILLIPS	COP	63,226	$5,919	2.12%
19	JOHNSON & JOHNSON	JNJ	27,356	$5,661	2.02%
20	EOG RESOURCES, INC.	EOG	50,691	$5,323	1.90%