Giverny Capital

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed August 12, 2025), Francois Rochon's Giverny Capital reported 62 stock positions worth $2.7 billion. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.4% of the portfolio, followed by Meta Platforms Class A (META, 6.7%) and Ametek (AME, 6.4%). Compared with Q3 2024, it opened 11 new positions, sold out of 1, added to 35 and reduced 4. The biggest buy was Fiserv (FISV, shares +26%) and the biggest sale Edwards Lifesciences (EW, shares −100%).

Most Recent 13F
Q2 2026
Notable People
Francois Rochon
Location
MONTREAL, A8
CIK
0001641864
Portfolio Value
$2.7B (Q4 2024)
SEC Filing
0001641864-25-000005 ↗ filed Aug 12, 2025

Holdings Value

0$1.0B$2.0B$3.0B Q1 2024: $2.5B Q1 2024 Q2 2024: $2.4B Q2 2024 Q3 2024: $2.6B Q3 2024 Q4 2024: $2.7B $2.7B Q4 2024 Q1 2025: $2.7B Q1 2025 Q2 2025: $2.9B Q2 2025 Q3 2025: $3.0B Q3 2025 Q4 2025: $3.0B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 62 stocks · $2.7B
BRK.B Berkshire Hathaway Inc. Class B 8.38% 505,550 $229.2M Add +3.3%
META Meta Platforms Inc. Class A 6.74% 315,095 $184.5M Add +1.7%
AME Ametek Inc. 6.42% 974,459 $175.7M Add +1.6%
HEI.A Heico Corp. Class A 5.04% 741,655 $138.0M Add +1.2%
KMX Carmax Inc. 5.03% 1,682,869 $137.6M Add +2.8%
PGR Progressive Corp. 4.78% 545,856 $130.8M Add +1.7%
FISV Fiserv Inc. 4.73% 630,254 $129.5M Add +25.7%
V Visa Inc. Class A 4.57% 395,717 $125.1M Add +1.0%
GOOG Alphabet Inc. Class C 4.56% 655,037 $124.7M Add +1.4%
NVR NVR Inc. 4.05% 13,558 $110.9M Add +1.9%
BKNG Booking Holdings Inc. 3.85% 21,177 $105.2M Add +3.2%
IBP Installed Building Products 3.23% 504,735 $88.5M Add +3.6%
MEDP Medpace Holdings Inc. 2.85% 234,287 $77.8M Add +3.2%
FIVE Five Below 2.81% 732,110 $76.8M Add +0.9%
MKL Markel Group Inc. 2.73% 43,331 $74.8M Add +1.5%
SCHW Schwab (charles) Corp. 2.56% 947,927 $70.2M Add +1.3%
MTB M & T Bank Corp. filed as M & T BK CORP 2.53% 367,581 $69.1M Add +1.9%
SBUX Starbucks Corp. 2.50% 749,372 $68.4M Add +4.4%
GOOGL Alphabet Inc. Class A 2.47% 356,828 $67.5M Add +2.9%
LULU Lululemon Athletica Inc. 2.00% 143,368 $54.8M Add +1.3%
OZK Bank Ozk 1.97% 1,212,438 $54.0M Add +1.3%
KEYS Keysight Technologies Inc. 1.95% 331,845 $53.3M Reduce -31.0%
ANET Arista Networks Inc. 1.66% 410,428 $45.4M Reduce -3.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.61% 1,000,978 $44.0M Add +1.1%
KNSL Kinsale Capital Group Inc. 1.54% 90,759 $42.2M Add +5.2%
ADI Analog Devices Inc. 1.33% 171,775 $36.5M Reduce -16.7%
FBIN Fortune Brands Innovations I 1.16% 463,140 $31.6M Add +3.8%
BRO Brown & Brown Inc. 1.10% 294,809 $30.1M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.01% 248,218 $27.6M Add +1.1%
FND Floor & Decor Holdings Inc. Class A 0.85% 233,921 $23.3M Add +1.4%
LFUS Littelfuse Inc. 0.69% 80,615 $19.0M Add +2.0%
CACC Credit Acceptance Corp. 0.51% 29,558 $13.9M Add +1.0%
MA Mastercard Inc. Class A 0.51% 26,275 $13.8M Add +2.9%
JPM JPMorgan Chase & Co. 0.38% 43,862 $10.5M Add +1.2%
ALGN Align Technology Inc. 0.33% 43,006 $9.0M Add +30.4%
FERG Ferguson Enterprises Inc. 0.21% 33,708 $5.9M New
BRK.A Berkshire Hathaway Inc. Class A 0.20% 8 $5.4M Add +14.3%
AAPL Apple Inc. 0.16% 16,976 $4.3M Add +72.3%
TSM Taiwan Semiconductor-SP ADR 0.11% 14,638 $2.9M Add +0.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.10% 4,752 $2.8M No change
COF Capital One Financial Corp. 0.10% 14,774 $2.6M No change
ICE Intercontinental Exchange Inc. 0.09% 16,799 $2.5M No change
YUMC Yum China Holdings Inc. 0.06% 36,036 $1.7M No change
CPRT Copart Inc. 0.06% 27,484 $1.6M No change
BIRK Birkenstock Holding PLC 0.06% 27,392 $1.6M New
UNH Unitedhealth Group Inc. 0.04% 2,364 $1.2M New
LBRDK Liberty Broadband-C 0.04% 15,000 $1.1M New
ITB iShares U.S. Home Constructi 0.04% 10,432 $1.1M Add +1.3%
NVO Novo-Nordisk A/S-Spons ADR 0.04% 12,400 $1.1M No change
GLD SPDR Gold Shares 0.04% 4,206 $1.0M No change
MSFT Microsoft Corp. 0.04% 2,354 $992K New
ODFL Old Dominion Freight Line 0.03% 5,255 $927K No change
DFH Dream Finders Homes Inc. Class A 0.03% 32,202 $749K No change
SLV iShares Silver Trust 0.02% 23,000 $606K No change
J Jacobs Solutions Inc. 0.02% 4,394 $587K New
GBTC Grayscale Bitcoin Trust ETF 0.02% 7,442 $551K New
SITE Siteone Landscape Supply Inc. 0.02% 3,753 $495K No change
CAPE Doubleline Shiller Cape US 0.01% 10,645 $319K New
VOO Vanguard S&P 500 ETF 0.01% 584 $315K New
COST Costco Wholesale Corp. 0.01% 240 $220K No change
ISRG Intuitive Surgical Inc. 0.01% 405 $211K New
EW Edwards Lifesciences Corp. 0.00% 257 $19K Reduce -99.9%

Portfolio Sells Q3 2024 → Q4 2024
EW Edwards Lifesciences Corp. Reduce -99.9% 0.00% −1.12
KEYS Keysight Technologies Inc. Reduce -31.0% 1.95% −0.96
ADI Analog Devices Inc. Reduce -16.7% 1.33% −0.47
FWONK Liberty Media Corp.-Liberty-C Sold out 0.00% −0.04
ANET Arista Networks Inc. Reduce -3.8% 1.66% +0.10

Portfolio Buys Q3 2024 → Q4 2024
FISV Fiserv Inc. Add +25.7% 4.73% +1.31
BRO Brown & Brown Inc. New 1.10% +1.10
BKNG Booking Holdings Inc. Add +3.2% 3.85% +0.56
LULU Lululemon Athletica Inc. Add +1.3% 2.00% +0.54
V Visa Inc. Class A Add +1.0% 4.57% +0.48
GOOG Alphabet Inc. Class C Add +1.4% 4.56% +0.45
FIVE Five Below Add +0.9% 2.81% +0.37
GOOGL Alphabet Inc. Class A Add +2.9% 2.47% +0.28
SCHW Schwab (charles) Corp. Add +1.3% 2.56% +0.26
FERG Ferguson Enterprises Inc. New 0.21% +0.21
KMX Carmax Inc. Add +2.8% 5.03% +0.21
MKL Markel Group Inc. Add +1.5% 2.73% +0.19
AME Ametek Inc. Add +1.6% 6.42% +0.16
BAC Bank of America Corp. Add +1.1% 1.61% +0.11
DIS The Walt Disney Co. Add +1.1% 1.01% +0.11
MTB M & T Bank Corp. Add +1.9% 2.53% +0.08
AAPL Apple Inc. Add +72.3% 0.16% +0.07
BIRK Birkenstock Holding PLC New 0.06% +0.06
UNH Unitedhealth Group Inc. New 0.04% +0.04
LBRDK Liberty Broadband-C New 0.04% +0.04
JPM JPMorgan Chase & Co. Add +1.2% 0.38% +0.04
MSFT Microsoft Corp. New 0.04% +0.04
MA Mastercard Inc. Class A Add +2.9% 0.51% +0.03
J Jacobs Solutions Inc. New 0.02% +0.02
GBTC Grayscale Bitcoin Trust ETF New 0.02% +0.02
OZK Bank Ozk Add +1.3% 1.97% +0.02
BRK.A Berkshire Hathaway Inc. Class A Add +14.3% 0.20% +0.02
KNSL Kinsale Capital Group Inc. Add +5.2% 1.54% +0.02
CACC Credit Acceptance Corp. Add +1.0% 0.51% +0.01
CAPE Doubleline Shiller Cape US New 0.01% +0.01
VOO Vanguard S&P 500 ETF New 0.01% +0.01
TSM Taiwan Semiconductor-SP ADR Add +0.6% 0.11% +0.01
ALGN Align Technology Inc. Add +30.4% 0.33% +0.01
ISRG Intuitive Surgical Inc. New 0.01% +0.01
META Meta Platforms Inc. Class A Add +1.7% 6.74% −0.00
ITB iShares U.S. Home Constructi Add +1.3% 0.04% −0.01
MEDP Medpace Holdings Inc. Add +3.2% 2.85% −0.04
LFUS Littelfuse Inc. Add +2.0% 0.69% −0.10
SBUX Starbucks Corp. Add +4.4% 2.50% −0.16
BRK.B Berkshire Hathaway Inc. Class B Add +3.3% 8.38% −0.19
FND Floor & Decor Holdings Inc. Class A Add +1.4% 0.85% −0.24
FBIN Fortune Brands Innovations I Add +3.8% 1.16% −0.36
PGR Progressive Corp. Add +1.7% 4.78% −0.40
HEI.A Heico Corp. Class A Add +1.2% 5.04% −0.63
NVR NVR Inc. Add +1.9% 4.05% −0.91
IBP Installed Building Products Add +3.6% 3.23% −1.33

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 51$3.0BGOOG, HEI.A, META, SCHW, ADP
Q1 2026 51$2.7BBRK.B, GOOG, META, HEI.A, SCHW
Q4 2025 50$3.0BBRK.B, META, AME, GOOG, HEI.A
Q3 2025Amended 52$3.0BBRK.B, META, HEI.A, AME, GOOG
Q2 2025 55$2.9BBRK.B, META, HEI.A, AME, SCHW
Q1 2025Amended 54$2.7BBRK.B, META, AME, HEI.A, PGR
Q4 2024Amended 62$2.7BBRK.B, META, AME, HEI.A, KMX
Q3 2024 52$2.6BBRK.B, META, AME, HEI.A, PGR
Q2 2024 50$2.4BBRK.B, AME, META, HEI.A, GOOG
Q1 2024Amended 53$2.5BBRK.B, AME, META, KMX, MKL