13F-HR 1 laf13f-063007.txt 13F QUARTERLY REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2007 Check here if Amendment [ ]; Amendment Number: This amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Lafayette Investments, Inc. Address: 17830 New Hampshire Avenue Suite 201 Ashton, MD 20861 13F File Number: 028-11053 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lawrence Judge Title: Vice President Phone: 301-570-1250 Signature, Place, and Date of Signing: Lawrence Judge Ashton, MD August 8, 2007 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 69 Form 13F Information Table Value Total: 150,372 List of Other Included Managers: NONE Value Shares/Sh/Put/ Invstmt Other VOTING AUTHORITY Name of Issuer Title of Class Cusip (x1000) Prn AmtPrnCall Dscretn Mgrs Sole Shared None Alerus Finl Corp Com COM 01446u-10-3 315 9512 SH Sole 9512 Alico Inc COM 016230-10-4 858 14063 SH Sole 14063 Alleghany Corp COM 017175-10-0 3894 9579 SH Sole 9579 Allergan COM 018490-10-2 692 12000 SH Sole 12000 Allstate Corp COM 020002-10-1 318 5163 SH Sole 5163 Altria Group Inc. COM 02209s-10-3 219 3118 SH Sole 3118 Anheuser Busch Cos Inc COM 035229-10-3 6016 115342 SH Sole 115342 Archstone Smith Tr Com COM 039583-10-9 769 13005 SH Sole 13005 AT&T Inc COM 00206R-10-2 525 12649 SH Sole 12649 ADP Inc COM 053015-10-3 1872 38622 SH Sole 38622 Bank Of Amer Corp COM 060505-10-4 450 9212 SH Sole 9212 BB&T Corp COM 054937-10-7 251 6158 SH Sole 6158 Beckman Coulter COM 075811-10-9 271 4184 SH Sole 4184 Berkshire Hthwy Inc-Cl ACOM 084670-10-8 766 7 SH Sole 7 Berkshire Hthwy Inc-Cl BCOM 084670-20-7 11576 3211 SH Sole 3211 BP Amoco PLC Spnsrd Adr COM 055622-10-4 211 2921 SH Sole 2921 Bristol-Meyers Squibb COM 110122-10-8 204 6465 SH Sole 6465 Citadel Broadcastng CorpCOM 17285T-10-6 78 12085 SH Sole 12085 Citigroup Inc COM 172967-10-1 1228 23944 SH Sole 23944 Costco Wholesale Corp COM 22160K-10-5 203 3462 SH Sole 3462 Dell Computer Corp Com COM 24702r-10-1 5994 209949 SH Sole 209949 Dover Motorsports Inc COM 260174-10-7 662 109177 SH Sole 109177 Exxon Mobil Corp COM 30231g-10-2 3445 41071 SH Sole 41071 Farmer Bros Corp COM 307675-10-8 2074 91650 SH Sole 91650 Farmers & Mrchnts Bk Co COM 308243-10-4 412 62 SH Sole 62 First Natl Bk Alaska COM 32112J-10-6 2013 915 SH Sole 915 General Electric Corp COM 369604-10-3 961 25095 SH Sole 25095 Genuine Parts Co Com COM 372460-10-5 3764 75895 SH Sole 75895 Gladstone Capital Corp COM 376535-10-0 2770 129063 SH Sole 129063 Glaxo Holdings Plc COM 37733w-10-5 2568 49043 SH Sole 49043 Hasbro Inc Com COM 418056-10-7 5849 186219 SH Sole 186219 Hewlett Packard Co COM 428236-10-3 201 4501 SH Sole 4501 Home Depot Inc Com COM 437076-10-2 5541 140807 SH Sole 140807 IHOP Corp Com COM 449623-10-7 678 12456 SH Sole 12456 Intnl Speedway Cl A COM 460335-20-1 3953 75003 SH Sole 75003 IShares Tr MSCI Eafe IdxCOM 464287-46-5 297 3671 SH Sole 3671 J P Morgan Chase And Co COM 46625H-10-0 216 4457 SH Sole 4457 Johnson & Johnson COM 478160-10-4 2029 32920 SH Sole 32920 Leucadia National Corp COM 527288-10-4 4388 124489 SH Sole 124489 Markel Corp Com COM 570535-10-4 11973 24710 SH Sole 131268 McClatchy Co Cl A COM 579489-10-5 768 30325 SH Sole 30325 Mohawk Inds Inc Com COM 608190-10-4 670 6650 SH Sole 6650 Morgan Stanley & Co COM 617446-44-8 369 4399 SH Sole 4399 Nestle Sa-Adr Repstg COM 641069-40-6 781 8165 SH Sole 8165 Norfolk Southern Corp COM 655844-10-8 4244 80737 SH Sole 80737 Paychex Inc COM 704326-10-7 526 13438 SH Sole 13438 Pepsico Inc COM 713448-10-8 243 3754 SH Sole 3754 Plum Creek Timber DepUntCOM 729251-10-8 2625 63017 SH Sole 63017 Procter & Gamble Co COM 742718-10-9 271 4423 SH Sole 4423 Progressive Corp Ohio COM 743315-10-3 4438 185450 SH Sole 185450 Provident Finl Svcs Inc COM 74386T-10-5 692 43922 SH Sole 43922 Royal Dutch Shl Plc Cl ACOM 780257-80-4 1183 14564 SH Sole 14564 Royce Value Trust Inc COM 780910-10-5 688 32123 SH Sole 32123 Sandy Spring Bancorp COM 800363-10-3 2160 68705 SH Sole 68705 Source Capital Inc COM 836144-10-5 235 3412 SH Sole 3412 SPDR Tr Unit Ser 1 COM 78462f-10-3 664 4417 SH Sole 4417 St Joe Corporation COM 790148-10-0 2949 63642 SH Sole 63642 Suntrust Bks Inc Com COM 867914-10-3 246 2867 SH Sole 2867 Tyco Intl Ltd New Com COM 902124-10-6 5967 176584 SH Sole 176584 UST Inc. COM 902911-10-6 382 7110 SH Sole 7110 V F Corp Com COM 918204-10-8 4596 50191 SH Sole 50191 Verizon Communications COM 92343v-10-4 352 8548 SH Sole 8548 Wal Mart Stores Inc Com COM 931142-10-3 6059 125944 SH Sole 125944 Walt Disney Holding Co COM 254687-10-6 5431 159093 SH Sole 159093 Washington Post Co Cl B COM 939640-10-8 4875 6281 SH Sole 6281 Washington Rl Est Inv T COM 939653-10-1 260 7638 SH Sole 7638 Wells Fargo & Co (new) COM 949746-10-1 3532 100414 SH Sole 100414 Wyeth COM 983024-10-0 608 10600 SH Sole 10600