Giverny Capital
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 26, 2026), Francois Rochon's Giverny Capital reported 51 stock positions worth $3.0 billion. Its top holding was Alphabet Class C (GOOG) at 7.2% of the portfolio, followed by Heico Class A (HEI.A, 6.4%) and Meta Platforms Class A (META, 5.7%). Compared with Q1 2026, it opened 7 new positions, sold out of 7, added to 11 and reduced 31. The biggest buy was Automatic Data Processing (ADP, shares +56%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −34%).
- Most Recent 13F
- Q2 2026
- Notable People
- Francois Rochon
- Location
- MONTREAL, A8
- CIK
- 0001641864
- Portfolio Value
- $3.0B (Q2 2026)
- SEC Filing
- 0001641864-26-000010 ↗ filed Aug 26, 2026
Holdings Value
Holdings 51 stocks · $3.0B
| GOOG Alphabet Inc. Class C | 7.19% | 605,460 | $213.9M | Reduce -2.5% |
| HEI.A Heico Corp. Class A | 6.38% | 735,248 | $189.6M | Reduce -0.4% |
| META Meta Platforms Inc. Class A | 5.74% | 302,888 | $170.6M | Reduce -1.6% |
| SCHW Schwab (charles) Corp. | 5.22% | 1,681,567 | $155.2M | Add +9.5% |
| ADP Automatic Data Processing | 4.93% | 654,556 | $146.6M | Add +56.2% |
| AME Ametek Inc. | 4.87% | 598,781 | $144.9M | Reduce -2.2% |
| MEDP Medpace Holdings Inc. | 4.52% | 253,931 | $134.5M | Reduce -0.8% |
| V Visa Inc. Class A | 4.50% | 389,900 | $133.8M | Reduce -1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.18% | 248,447 | $124.3M | Reduce -34.4% |
| PGR Progressive Corp. | 3.98% | 542,292 | $118.5M | Add +2.6% |
| GOOGL Alphabet Inc. Class A | 3.73% | 310,118 | $110.8M | Reduce -11.0% |
| FIVE Five Below | 3.62% | 598,122 | $107.5M | Reduce -3.1% |
| BKNG Booking Holdings Inc. | 3.13% | 522,664 | $93.2M | Reduce -1.0% |
| IBP Installed Building Products | 3.07% | 397,662 | $91.4M | Reduce -1.5% |
| NVR NVR Inc. | 3.03% | 13,238 | $90.2M | Reduce -3.0% |
| KNSL Kinsale Capital Group Inc. | 2.67% | 240,731 | $79.4M | Add +9.9% |
| BFAM Bright Horizons Family Solut | 2.58% | 1,080,793 | $76.6M | Add +45.6% |
| RMD Resmed Inc. | 2.54% | 387,665 | $75.5M | Add +68.5% |
| OZK Bank Ozk | 2.10% | 1,198,116 | $62.4M | Reduce -2.7% |
| MKL Markel Group Inc. | 2.03% | 30,877 | $60.3M | Reduce -28.1% |
| ANET Arista Networks Inc. | 1.94% | 339,892 | $57.7M | Reduce -19.7% |
| KEYS Keysight Technologies Inc. | 1.68% | 143,072 | $50.1M | Reduce -55.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.67% | 515,567 | $49.6M | Reduce -3.9% |
| BRO Brown & Brown Inc. | 1.62% | 753,288 | $48.3M | Reduce -0.3% |
| ADI Analog Devices Inc. | 1.25% | 93,310 | $37.1M | Reduce -45.5% |
| NYT New York Times Co. Class A | 1.14% | 484,424 | $33.9M | New |
| LFUS Littelfuse Inc. | 1.13% | 74,125 | $33.8M | Reduce -8.2% |
| MSA Msa Safety Inc. | 0.98% | 166,305 | $29.0M | New |
| WSO Watsco Inc. | 0.92% | 65,975 | $27.5M | New |
| AAON Aaon Inc. | 0.87% | 204,779 | $26.0M | Add +1.5% |
| GLD SPDR Gold Shares | 0.84% | 3,876 | $25.0M | No change |
| SUNB Sunbelt Rentals Holdings Inc. | 0.73% | 246,369 | $21.6M | Reduce -9.0% |
| VEEV Veeva Systems Inc. Class A | 0.57% | 94,956 | $16.9M | New |
| AXP American Express Co. | 0.53% | 46,702 | $15.8M | New |
| TWFG TWFG Inc. | 0.53% | 652,452 | $15.7M | Add +18.2% |
| JPM JPMorgan Chase & Co. | 0.53% | 47,876 | $15.7M | Reduce -8.5% |
| MA Mastercard Inc. Class A | 0.50% | 28,816 | $14.8M | Add +2.7% |
| LULU Lululemon Athletica Inc. | 0.49% | 128,803 | $14.7M | Reduce -9.7% |
| FND Floor & Decor Holdings Inc. Class A | 0.46% | 229,867 | $13.6M | Reduce -0.8% |
| HWKN Hawkins Inc. | 0.45% | 94,954 | $13.5M | New |
| FERG Ferguson Enterprises Inc. | 0.30% | 37,380 | $8.9M | Add +1.8% |
| BLDR Builders Firstsource Inc. | 0.28% | 91,464 | $8.2M | Reduce -0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 9 | $6.7M | Reduce -18.2% |
| AAPL Apple Inc. | 0.13% | 12,995 | $3.8M | Reduce -13.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.06% | 3,655 | $1.7M | Reduce -55.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 2,294 | $1.7M | Reduce -7.3% |
| YUMC Yum China Holdings Inc. | 0.05% | 36,036 | $1.5M | No change |
| ITB iShares U.S. Home Constructi | 0.04% | 11,662 | $1.2M | Add +7.4% |
| MSFT Microsoft Corp. | 0.02% | 1,787 | $667K | Reduce -6.4% |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 391 | $288K | New |
| CPRT Copart Inc. | 0.01% | 8,274 | $233K | Reduce -69.9% |
Portfolio Sells Q1 2026 → Q2 2026
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -34.4% | 4.18% | −2.46 |
| KEYS Keysight Technologies Inc. | Reduce -55.7% | 1.68% | −1.66 |
| FIVE Five Below | Reduce -3.1% | 3.62% | −1.55 |
| MKL Markel Group Inc. | Reduce -28.1% | 2.03% | −0.98 |
| IBP Installed Building Products | Reduce -1.5% | 3.07% | −0.85 |
| ADI Analog Devices Inc. | Reduce -45.5% | 1.25% | −0.75 |
| META Meta Platforms Inc. Class A | Reduce -1.6% | 5.74% | −0.71 |
| LULU Lululemon Athletica Inc. | Reduce -9.7% | 0.49% | −0.30 |
| NVR NVR Inc. | Reduce -3.0% | 3.03% | −0.26 |
| DIS The Walt Disney Co. | Reduce -3.9% | 1.67% | −0.22 |
| BRO Brown & Brown Inc. | Reduce -0.3% | 1.62% | −0.18 |
| BKNG Booking Holdings Inc. | Reduce -1.0% | 3.13% | −0.12 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -18.2% | 0.23% | −0.06 |
| MTB M & T Bank Corp. | Sold out | 0.00% | −0.06 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -55.0% | 0.06% | −0.04 |
| QQQM Invesco Nasdaq 100 ETF | Sold out | 0.00% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -8.5% | 0.53% | −0.04 |
| BIRK Birkenstock Holding PLC | Sold out | 0.00% | −0.04 |
| ODFL Old Dominion Freight Line | Sold out | 0.00% | −0.04 |
| CPRT Copart Inc. | Reduce -69.9% | 0.01% | −0.03 |
| SITE Siteone Landscape Supply Inc. | Sold out | 0.00% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -13.6% | 0.13% | −0.01 |
| MSFT Microsoft Corp. | Reduce -6.4% | 0.02% | −0.00 |
| BLDR Builders Firstsource Inc. | Reduce -0.4% | 0.28% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.3% | 0.06% | −0.00 |
| MEDP Medpace Holdings Inc. | Reduce -0.8% | 4.52% | +0.02 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -0.8% | 0.46% | +0.03 |
| OZK Bank Ozk | Reduce -2.7% | 2.10% | +0.03 |
| ANET Arista Networks Inc. | Reduce -19.7% | 1.94% | +0.04 |
| GOOGL Alphabet Inc. Class A | Reduce -11.0% | 3.73% | +0.06 |
| AME Ametek Inc. | Reduce -2.2% | 4.87% | +0.07 |
| SUNB Sunbelt Rentals Holdings Inc. | Reduce -9.0% | 0.73% | +0.08 |
| V Visa Inc. Class A | Reduce -1.6% | 4.50% | +0.11 |
| LFUS Littelfuse Inc. | Reduce -8.2% | 1.13% | +0.13 |
| HEI.A Heico Corp. Class A | Reduce -0.4% | 6.38% | +0.67 |
| GOOG Alphabet Inc. Class C | Reduce -2.5% | 7.19% | +0.67 |
Portfolio Buys Q1 2026 → Q2 2026
| ADP Automatic Data Processing | Add +56.2% | 4.93% | +1.81 |
| NYT New York Times Co. Class A | New | 1.14% | +1.14 |
| MSA Msa Safety Inc. | New | 0.98% | +0.98 |
| WSO Watsco Inc. | New | 0.92% | +0.92 |
| RMD Resmed Inc. | Add +68.5% | 2.54% | +0.65 |
| VEEV Veeva Systems Inc. Class A | New | 0.57% | +0.57 |
| AXP American Express Co. | New | 0.53% | +0.53 |
| HWKN Hawkins Inc. | New | 0.45% | +0.45 |
| BFAM Bright Horizons Family Solut | Add +45.6% | 2.58% | +0.34 |
| AAON Aaon Inc. | Add +1.5% | 0.87% | +0.26 |
| TWFG TWFG Inc. | Add +18.2% | 0.53% | +0.16 |
| PGR Progressive Corp. | Add +2.6% | 3.98% | +0.15 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.01% | +0.01 |
| ITB iShares U.S. Home Constructi | Add +7.4% | 0.04% | +0.01 |
| FERG Ferguson Enterprises Inc. | Add +1.8% | 0.30% | −0.02 |
| MA Mastercard Inc. Class A | Add +2.7% | 0.50% | −0.02 |
| SCHW Schwab (charles) Corp. | Add +9.5% | 5.22% | −0.07 |
| KNSL Kinsale Capital Group Inc. | Add +9.9% | 2.67% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 51 | $3.0B | GOOG, HEI.A, META, SCHW, ADP |
| Q1 2026 | 51 | $2.7B | BRK.B, GOOG, META, HEI.A, SCHW |
| Q4 2025 | 50 | $3.0B | BRK.B, META, AME, GOOG, HEI.A |
| Q3 2025Amended | 52 | $3.0B | BRK.B, META, HEI.A, AME, GOOG |
| Q2 2025 | 55 | $2.9B | BRK.B, META, HEI.A, AME, SCHW |
| Q1 2025Amended | 54 | $2.7B | BRK.B, META, AME, HEI.A, PGR |
| Q4 2024Amended | 62 | $2.7B | BRK.B, META, AME, HEI.A, KMX |
| Q3 2024 | 52 | $2.6B | BRK.B, META, AME, HEI.A, PGR |
| Q2 2024 | 50 | $2.4B | BRK.B, AME, META, HEI.A, GOOG |
| Q1 2024Amended | 53 | $2.5B | BRK.B, AME, META, KMX, MKL |