Giverny Capital Inc.

Superinvestor · Francois Rochon

CIK

1641864

Location

MONTREAL, A8

Portfolio Value

Mid $2,300,939,634

Diversification

Diversified

Filing Date

Global Rank

#1,102 / 8,603 ▼ 36 · as of Mar 2026

Top Industry

Internet Content & Information 12.0%

3Y Alpha vs SPY

-10.7%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+32.3%

SPY

+76.0%

Annualised alpha

-10.9%

Max drawdown

−17.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

45 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.9%

−2.3 pts

Top 5

33.6%

−5.3 pts

Top 10

57.8%

−6.6 pts

HHI

459

Diversified−76

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	37.1%	$854,211,803	12
Consumer Cyclical	19.1%	$438,851,101	9
Communication Services	14.3%	$328,028,592	3
Technology	13.8%	$317,468,778	8
Industrials	8.0%	$184,047,858	8
Healthcare	7.6%	$175,054,757	3
Unclassified	0.1%	$3,276,745	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
BFAM	Bright Horizons Family Solutions Inc.	+332,133	742,329	$60,967,480
TWFG	TWFG, Inc.	+220,596	552,107	$10,153,247
KNSL	Kinsale Capital Group, Inc.	+4,678	218,942	$74,803,723
ANET	Arista Networks, Inc.	+4,203	423,361	$51,980,263
BLDR	Builders FirstSource, Inc.	+1,829	91,813	$7,558,964
JPM	Jpmorgan Chase & Co	+460	52,298	$15,383,979
FERG	Ferguson Enterprises Inc. /DE/	+354	36,728	$8,567,173
MSFT	Microsoft Corp	+206	1,910	$707,024
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AME	Ametek Inc/	−367,400	612,058	$131,200,752
BRK-B	Berkshire Hathaway Inc	−127,359	378,625	$181,437,100
IBP	Installed Building Products, Inc.	−115,571	403,665	$107,031,774
SCHW	Schwab Charles Corp	−49,455	1,536,206	$144,372,639
OZK	Bank OZK	−32,983	1,231,059	$56,493,297
FIVE	Five Below, Inc	−20,556	617,191	$141,015,799
BRO	Brown & Brown, Inc.	−17,251	755,269	$49,251,091
GOOGL	Alphabet Inc.	−12,929	348,469	$100,205,745
V	Visa Inc.	−10,988	396,357	$119,794,939
KEYS	Keysight Technologies, Inc.	−10,862	323,184	$91,257,466
PGR	Progressive Corp/Oh/	−8,468	528,364	$104,742,879
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−7,944	8,125	$2,745,843
DIS	Walt Disney Co	−7,905	536,514	$51,709,219
MEDP	Medpace Holdings, Inc.	−7,239	256,081	$122,967,535
ADI	Analog Devices Inc	−5,695	171,052	$54,418,483
META	Meta Platforms, Inc.	−5,628	307,821	$176,113,628
RMD	Resmed Inc	−5,383	230,005	$51,631,522
FND	Floor & Decor Holdings, Inc.	−4,047	231,829	$11,776,913
LULU	lululemon athletica inc.	−1,637	142,600	$21,832,060
AAPL	Apple Inc.	−1,478	15,040	$3,817,001
MKL	Markel Group Inc.	−1,034	42,944	$82,197,817
LFUS	Littelfuse Inc /De	−866	80,719	$27,391,992
MA	Mastercard Inc	−693	28,066	$14,023,457
NVR	Nvr Inc	−465	13,647	$89,931,411
BKNG	Booking Holdings Inc.	−328	21,117	$3,556,373
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
ADP	Automatic Data Processing Inc	419,090	$85,150,706
SUNB	Sunbelt Rentals Holdings, Inc.	270,843	$17,629,170
AAON	Aaon, Inc.	201,832	$16,701,598
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
COF	Capital One Financial Corp	8,274	$2,005,286
DFH	Dream Finders Homes, Inc.	32,202	$550,654
ISRG	Intuitive Surgical Inc	405	$229,375
COST	Costco Wholesale Corp /New	240	$206,961
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

45 positions · $2,300,939,634 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	378,625	-127,359	$181,437,100	−28.7%	$490.90	7.89%
META	Meta Platforms, Inc. Communication Services	Reduced	307,821	-5,628	$176,113,628	−14.9%	$640.86	7.65%
SCHW	Schwab Charles Corp Financial Services	Reduced	1,536,206	-49,455	$144,372,639	−8.9%	$98.07	6.27%
FIVE	Five Below, Inc Consumer Cyclical	Reduced	617,191	-20,556	$141,015,799	+17.4%	$209.25	6.13%
AME	Ametek Inc/ Industrials	Reduced	612,058	-367,400	$131,200,752	−34.8%	$222.22	5.70%
MEDP	Medpace Holdings, Inc. Healthcare	Reduced	256,081	-7,239	$122,967,535	−16.9%	$512.02	5.34%
V	Visa Inc. Financial Services	Reduced	396,357	-10,988	$119,794,939	−16.1%	$321.55	5.21%
IBP	Installed Building Products, Inc. Consumer Cyclical	Reduced	403,665	-115,571	$107,031,774	−20.5%	$299.46	4.65%
PGR	Progressive Corp/Oh/ Financial Services	Reduced	528,364	-8,468	$104,742,879	−14.3%	$206.39	4.55%
GOOGL	Alphabet Inc. Communication Services	Reduced	348,469	-12,929	$100,205,745	−11.4%	$314.21	4.35%
KEYS	Keysight Technologies, Inc. Technology	Reduced	323,184	-10,862	$91,257,466	+34.4%	$250.52	3.97%
NVR	Nvr Inc Consumer Cyclical	Reduced	13,647	-465	$89,931,411	−12.6%	$7,288.33	3.91%
ADP	Automatic Data Processing Inc Technology	NEW	419,090	NEW	$85,150,706	NEW	$229.30	3.70%
MKL	Markel Group Inc. Financial Services	Reduced	42,944	-1,034	$82,197,817	−13.1%	$2,029.46	3.57%
KNSL	Kinsale Capital Group, Inc. Financial Services	Added	218,942	+4,678	$74,803,723	−10.7%	$378.94	3.25%
BFAM	Bright Horizons Family Solutions Inc. Consumer Cyclical	Added	742,329	+332,133	$60,967,480	+46.6%	$84.22	2.65%
OZK	Bank OZK Financial Services	Reduced	1,231,059	-32,983	$56,493,297	−2.9%	$47.11	2.46%
ADI	Analog Devices Inc Technology	Reduced	171,052	-5,695	$54,418,483	+13.5%	$318.18	2.37%
ANET	Arista Networks, Inc. Technology	Added	423,361	+4,203	$51,980,263	−5.4%	$133.77	2.26%
DIS	Walt Disney Co Communication Services	Reduced	536,514	-7,905	$51,709,219	−16.5%	$105.69	2.25%
RMD	Resmed Inc Healthcare	Reduced	230,005	-5,383	$51,631,522	−8.9%	$249.20	2.24%
BRO	Brown & Brown, Inc. Financial Services	Reduced	755,269	-17,251	$49,251,091	−20.0%	$72.08	2.14%
LFUS	Littelfuse Inc /De Technology	Reduced	80,719	-866	$27,391,992	+32.7%	$324.56	1.19%
LULU	lululemon athletica inc. Consumer Cyclical	Reduced	142,600	-1,637	$21,832,060	−27.2%	$179.26	0.95%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	270,843	NEW	$17,629,170	NEW	$70.19	0.77%
AAON	Aaon, Inc. Industrials	NEW	201,832	NEW	$16,701,598	NEW	$90.87	0.73%
JPM	Jpmorgan Chase & Co Financial Services	Added	52,298	+460	$15,383,979	−7.9%	$303.48	0.67%
MA	Mastercard Inc Financial Services	Reduced	28,066	-693	$14,023,457	−14.6%	$526.66	0.61%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Reduced	231,829	-4,047	$11,776,913	−18.0%	$65.06	0.51%
TWFG	TWFG, Inc. Financial Services	Added	552,107	+220,596	$10,153,247	+6.5%	$22.14	0.44%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Added	36,728	+354	$8,567,173	+5.8%	$243.36	0.37%
BLDR	Builders FirstSource, Inc. Industrials	Added	91,813	+1,829	$7,558,964	−18.4%	$106.79	0.33%
AAPL	Apple Inc. Technology	Reduced	15,040	-1,478	$3,817,001	−15.0%	$260.25	0.17%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	21,117	-328	$3,556,373	−22.6%	$184.02	0.15%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	8,125	-7,944	$2,745,843	−43.8%	$344.13	0.12%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Held	36,036	0	$1,757,836	+2.2%	$51.77	0.08%
GLD	Spdr Gold Trust	Held	3,876	0	$1,667,804	+8.6%	$447.84	0.07%
SPY	Spdr S&P 500 ETF Trust	Held	2,474	0	$1,608,941	−4.6%	$679.90	0.07%
MTB	M&T Bank Corp Financial Services	Reduced	7,535	-5	$1,557,635	+2.5%	$215.24	0.07%
BIRK	Birkenstock Holding plc Consumer Cyclical	Held	27,392	0	$981,455	−12.4%	$38.99	0.04%
ODFL	Old Dominion Freight Line, Inc. Industrials	Reduced	5,006	-249	$978,172	+18.7%	$186.49	0.04%
CPRT	Copart Inc Industrials	Held	27,484	0	$912,468	−15.2%	$37.57	0.04%
MSFT	Microsoft Corp Technology	Added	1,910	+206	$707,024	−14.2%	$418.44	0.03%
SITE	SiteOne Landscape Supply, Inc. Industrials	Held	3,753	0	$499,561	+6.9%	$141.31	0.02%
NVO	Novo Nordisk A S Healthcare	Held	12,400	0	$455,700	−27.8%	$47.38	0.02%