Giverny Capital
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Francois Rochon's Giverny Capital reported 51 stock positions worth $2.7 billion. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.6% of the portfolio, followed by Alphabet Class C (GOOG, 6.5%) and Meta Platforms Class A (META, 6.4%). Compared with Q4 2025, it opened 5 new positions, sold out of 4, added to 8 and reduced 30. The biggest buy was a new position in Automatic Data Processing (ADP) and the biggest sale Ametek (AME, shares −38%).
- Most Recent 13F
- Q2 2026
- Notable People
- Francois Rochon
- Location
- MONTREAL, A8
- CIK
- 0001641864
- Portfolio Value
- $2.7B (Q1 2026)
- SEC Filing
- 0001641864-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 51 stocks · $2.7B
| BRK.B Berkshire Hathaway Inc. Class B | 6.64% | 378,625 | $181.4M | Reduce -25.2% |
| GOOG Alphabet Inc. Class C | 6.52% | 620,909 | $178.1M | Reduce -2.9% |
| META Meta Platforms Inc. Class A | 6.45% | 307,821 | $176.1M | Reduce -1.8% |
| HEI.A Heico Corp. Class A | 5.71% | 738,482 | $155.9M | Reduce -2.1% |
| SCHW Schwab (charles) Corp. | 5.29% | 1,536,206 | $144.4M | Reduce -3.1% |
| FIVE Five Below | 5.16% | 617,191 | $141.0M | Reduce -3.2% |
| AME Ametek Inc. | 4.80% | 612,058 | $131.2M | Reduce -37.5% |
| MEDP Medpace Holdings Inc. | 4.50% | 256,081 | $123.0M | Reduce -2.8% |
| V Visa Inc. Class A | 4.39% | 396,357 | $119.8M | Reduce -2.7% |
| IBP Installed Building Products | 3.92% | 403,665 | $107.0M | Reduce -22.3% |
| PGR Progressive Corp. | 3.83% | 528,364 | $104.7M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 3.67% | 348,469 | $100.2M | Reduce -3.6% |
| KEYS Keysight Technologies Inc. | 3.34% | 323,184 | $91.3M | Reduce -3.3% |
| NVR NVR Inc. | 3.29% | 13,647 | $89.9M | Reduce -3.3% |
| BKNG Booking Holdings Inc. | 3.26% | 21,117 | $88.9M | Reduce -1.5% |
| ADP Automatic Data Processing | 3.12% | 419,090 | $85.2M | New |
| MKL Markel Group Inc. | 3.01% | 42,944 | $82.2M | Reduce -2.4% |
| KNSL Kinsale Capital Group Inc. | 2.74% | 218,942 | $74.8M | Add +2.2% |
| BFAM Bright Horizons Family Solut | 2.23% | 742,329 | $61.0M | Add +81.0% |
| OZK Bank Ozk | 2.07% | 1,231,059 | $56.5M | Reduce -2.6% |
| ADI Analog Devices Inc. | 1.99% | 171,052 | $54.4M | Reduce -3.2% |
| ANET Arista Networks Inc. | 1.90% | 423,361 | $52.0M | Add +1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.89% | 536,514 | $51.7M | Reduce -1.4% |
| RMD Resmed Inc. | 1.89% | 230,005 | $51.6M | Reduce -2.3% |
| BRO Brown & Brown Inc. | 1.80% | 755,269 | $49.3M | Reduce -2.2% |
| LFUS Littelfuse Inc. | 1.00% | 80,719 | $27.4M | Reduce -1.1% |
| LULU Lululemon Athletica Inc. | 0.80% | 142,600 | $21.8M | Reduce -1.1% |
| SUNB Sunbelt Rentals Holdings Inc. | 0.65% | 270,843 | $17.6M | New |
| AAON Aaon Inc. | 0.61% | 201,832 | $16.7M | New |
| JPM JPMorgan Chase & Co. | 0.56% | 52,298 | $15.4M | Add +0.9% |
| MA Mastercard Inc. Class A | 0.51% | 28,066 | $14.0M | Reduce -2.4% |
| FND Floor & Decor Holdings Inc. Class A | 0.43% | 231,829 | $11.8M | Reduce -1.7% |
| TWFG TWFG Inc. | 0.37% | 552,107 | $10.2M | Add +66.5% |
| FERG Ferguson Enterprises Inc. | 0.31% | 36,728 | $8.6M | Add +1.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.29% | 11 | $7.9M | No change |
| BLDR Builders Firstsource Inc. | 0.28% | 91,813 | $7.6M | Add +2.0% |
| AAPL Apple Inc. | 0.14% | 15,040 | $3.8M | Reduce -8.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.10% | 8,125 | $2.7M | Reduce -49.4% |
| YUMC Yum China Holdings Inc. | 0.06% | 36,036 | $1.8M | No change |
| GLD SPDR Gold Shares | 0.06% | 3,876 | $1.7M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.06% | 2,474 | $1.6M | No change |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.06% | 7,535 | $1.6M | Reduce -0.1% |
| RSP Invesco S&P 500 Equal Weight | 0.04% | 6,105 | $1.2M | New |
| QQQM Invesco Nasdaq 100 ETF | 0.04% | 4,222 | $1.0M | New |
| ITB iShares U.S. Home Constructi | 0.04% | 10,854 | $983K | Reduce -7.2% |
| BIRK Birkenstock Holding PLC | 0.04% | 27,392 | $981K | No change |
| ODFL Old Dominion Freight Line | 0.04% | 5,006 | $978K | Reduce -4.7% |
| CPRT Copart Inc. | 0.03% | 27,484 | $912K | No change |
| MSFT Microsoft Corp. | 0.03% | 1,910 | $707K | Add +12.1% |
| SITE Siteone Landscape Supply Inc. | 0.02% | 3,753 | $500K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.02% | 12,400 | $456K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| AME Ametek Inc. | Reduce -37.5% | 4.80% | −1.90 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -25.2% | 6.64% | −1.84 |
| HEI.A Heico Corp. Class A | Reduce -2.1% | 5.71% | −0.65 |
| BKNG Booking Holdings Inc. | Reduce -1.5% | 3.26% | −0.58 |
| IBP Installed Building Products | Reduce -22.3% | 3.92% | −0.57 |
| META Meta Platforms Inc. Class A | Reduce -1.8% | 6.45% | −0.45 |
| MEDP Medpace Holdings Inc. | Reduce -2.8% | 4.50% | −0.43 |
| V Visa Inc. Class A | Reduce -2.7% | 4.39% | −0.38 |
| BRO Brown & Brown Inc. | Reduce -2.2% | 1.80% | −0.25 |
| PGR Progressive Corp. | Reduce -1.6% | 3.83% | −0.24 |
| LULU Lululemon Athletica Inc. | Reduce -1.1% | 0.80% | −0.20 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 6.52% | −0.17 |
| DIS The Walt Disney Co. | Reduce -1.4% | 1.89% | −0.17 |
| MKL Markel Group Inc. | Reduce -2.4% | 3.01% | −0.14 |
| NVR NVR Inc. | Reduce -3.3% | 3.29% | −0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -3.6% | 3.67% | −0.10 |
| COF Capital One Financial Corp. | Sold out | 0.00% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -49.4% | 0.10% | −0.06 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -1.7% | 0.43% | −0.05 |
| MA Mastercard Inc. Class A | Reduce -2.4% | 0.51% | −0.03 |
| DFH Dream Finders Homes Inc. Class A | Sold out | 0.00% | −0.02 |
| AAPL Apple Inc. | Reduce -8.9% | 0.14% | −0.01 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.01 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.01 |
| ITB iShares U.S. Home Constructi | Reduce -7.2% | 0.04% | −0.00 |
| RMD Resmed Inc. | Reduce -2.3% | 1.89% | −0.00 |
| SCHW Schwab (charles) Corp. | Reduce -3.1% | 5.29% | +0.00 |
| MTB M & T Bank Corp. | Reduce -0.1% | 0.06% | +0.01 |
| ODFL Old Dominion Freight Line | Reduce -4.7% | 0.04% | +0.01 |
| OZK Bank Ozk | Reduce -2.6% | 2.07% | +0.13 |
| LFUS Littelfuse Inc. | Reduce -1.1% | 1.00% | +0.31 |
| ADI Analog Devices Inc. | Reduce -3.2% | 1.99% | +0.39 |
| KEYS Keysight Technologies Inc. | Reduce -3.3% | 3.34% | +1.08 |
| FIVE Five Below | Reduce -3.2% | 5.16% | +1.16 |
Portfolio Buys Q4 2025 → Q1 2026
| ADP Automatic Data Processing | New | 3.12% | +3.12 |
| BFAM Bright Horizons Family Solut | Add +81.0% | 2.23% | +0.84 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 0.65% | +0.65 |
| AAON Aaon Inc. | New | 0.61% | +0.61 |
| ANET Arista Networks Inc. | Add +1.0% | 1.90% | +0.07 |
| TWFG TWFG Inc. | Add +66.5% | 0.37% | +0.05 |
| FERG Ferguson Enterprises Inc. | Add +1.0% | 0.31% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | New | 0.04% | +0.04 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.04% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +0.9% | 0.56% | +0.01 |
| MSFT Microsoft Corp. | Add +12.1% | 0.03% | −0.00 |
| BLDR Builders Firstsource Inc. | Add +2.0% | 0.28% | −0.03 |
| KNSL Kinsale Capital Group Inc. | Add +2.2% | 2.74% | −0.06 |
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 |