$1.84 Billion is the total value of Giverny Capital's 57 reported holdings in Q3 2023. The portfolio turnover from Q2 2023 to Q3 2023 was 6.8% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKB | Buy | BERKSHIRE HATHAWAY INC DELcl b new | $166,844,387 | +4.1% | 476,290 | +1.3% | 9.06% | +7.4% |
| AME | Buy | AMETEK INC | $132,548,995 | -8.3% | 897,056 | +0.5% | 7.20% | -5.3% |
| MKL | Buy | MARKEL CORP | $124,462,217 | +7.4% | 84,525 | +0.9% | 6.76% | +10.8% |
| GOOG | Sell | ALPHABET INCcap stk cl c | $119,498,819 | +8.9% | 906,324 | -0.1% | 6.49% | +12.4% |
| KMX | Buy | CARMAX INC | $107,540,580 | -14.4% | 1,520,438 | +1.3% | 5.84% | -11.6% |
| FIVE | Buy | FIVE BELOW INC | $103,710,669 | -16.7% | 644,566 | +1.7% | 5.63% | -14.0% |
| HEIA | Buy | HEICO CORP NEWcl a | $92,838,497 | -5.8% | 718,453 | +2.5% | 5.04% | -2.7% |
| V | Sell | VISA INC | $85,418,814 | -3.2% | 371,370 | -0.0% | 4.64% | -0.0% |
| FB | Buy | META PLATFORMS INCcl a | $84,794,014 | +5.6% | 282,449 | +1.0% | 4.61% | +9.1% |
| NVR | Buy | NVR INC | $75,578,864 | -5.6% | 12,674 | +0.5% | 4.10% | -2.6% |
| PGR | Buy | PROGRESSIVE CORP | $69,849,338 | +8.3% | 501,431 | +2.9% | 3.79% | +11.8% |
| KEYS | Buy | KEYSIGHT TECHNOLOGIES INC | $62,170,881 | -21.0% | 469,888 | +0.0% | 3.38% | -18.4% |
| FBHS | Sell | FORTUNE BRANDS HOME & SEC IN | $55,972,469 | -13.7% | 900,458 | -0.2% | 3.04% | -11.0% |
| IBP | Buy | INSTALLED BLDG PRODS INC | $54,064,631 | -9.9% | 432,898 | +1.1% | 2.94% | -7.0% |
| LULU | Buy | LULULEMON ATHLETICA INC | $46,500,324 | +6.0% | 120,589 | +4.1% | 2.53% | +9.4% |
| SCHW | Buy | SCHWAB CHARLES CORP | $44,170,399 | +3.6% | 804,561 | +7.0% | 2.40% | +7.0% |
| MTB | Buy | M & T BK CORP | $43,260,948 | +3.2% | 342,119 | +1.0% | 2.35% | +6.6% |
| FISV | Buy | FISERV INC | $36,044,858 | +5.4% | 319,094 | +17.7% | 1.96% | +8.8% |
| ADI | Buy | ANALOG DEVICES INC | $32,586,525 | -8.8% | 186,113 | +1.4% | 1.77% | -5.9% |
| GOOGL | Buy | ALPHABET INCcap stk cl a | $30,637,467 | +14.8% | 234,124 | +5.0% | 1.66% | +18.5% |
| EW | Buy | EDWARDS LIFESCIENCES CORP | $30,524,907 | -26.4% | 440,602 | +0.2% | 1.66% | -24.0% |
| CIEN | Sell | CIENA CORP | $30,031,981 | +0.5% | 635,463 | -9.7% | 1.63% | +3.7% |
| BAC | Buy | BANK AMERICA CORP | $28,130,322 | -0.5% | 1,027,404 | +4.2% | 1.53% | +2.7% |
| FND | Buy | FLOOR & DECOR HLDGS INCcl a | $25,652,678 | -11.2% | 283,455 | +2.0% | 1.39% | -8.4% |
| Buy | COHERENT CORP | $23,099,654 | +352.2% | 707,710 | +606.3% | 1.26% | +366.5% | |
| LFUS | Buy | LITTELFUSE INC | $18,800,772 | -14.8% | 76,018 | +0.3% | 1.02% | -12.1% |
| DIS | Buy | DISNEY WALT CO | $18,707,799 | -9.1% | 230,818 | +0.1% | 1.02% | -6.2% |
| ANET | Sell | ARISTA NETWORKS INC | $18,153,891 | +7.8% | 98,700 | -5.1% | 0.99% | +11.3% |
| Sell | MASTERBRAND INC | $11,048,943 | +4.3% | 909,378 | -0.2% | 0.60% | +7.7% | |
| ATHM | Sell | AUTOHOME INCsp ads rp cl a | $10,414,208 | +4.0% | 343,137 | -0.0% | 0.57% | +7.4% |
| CACC | Buy | CREDIT ACCEP CORP MICH | $10,170,492 | -3.5% | 22,104 | +6.5% | 0.55% | -0.4% |
| OZK | Buy | BANK OZK LITTLE ROCK ARK | $8,745,777 | +3.4% | 235,926 | +12.1% | 0.48% | +6.7% |
| MA | Buy | MASTERCARD INCORPORATEDcl a | $8,219,092 | +8.2% | 20,760 | +7.5% | 0.45% | +11.5% |
| JPM | Buy | JPMORGAN CHASE & CO | $5,308,602 | +7.1% | 36,606 | +7.4% | 0.29% | +10.3% |
| FERG | New | FERGUSON PLC NEW F | $4,306,647 | – | 26,185 | +100.0% | 0.23% | – |
| BRKA | Sell | BERKSHIRE HATHAWAY INC DELcl a | $3,188,862 | -31.6% | 6 | -33.3% | 0.17% | -29.4% |
| AAPL | Buy | APPLE INC | $2,456,692 | -11.7% | 14,349 | +0.1% | 0.13% | -8.9% |
| SPY | SPDR S&P 500 ETF TRtr unit | $2,031,385 | -3.6% | 4,752 | 0.0% | 0.11% | -0.9% | |
| ODFL | OLD DOMINION FREIGHT LINE IN | $1,663,972 | +10.7% | 4,067 | 0.0% | 0.09% | +13.9% | |
| CPRT | Buy | COPART INC | $1,184,286 | -5.5% | 27,484 | +100.0% | 0.06% | -3.0% |
| MSFT | Buy | MICROSOFT CORP | $1,136,700 | -7.1% | 3,600 | +0.2% | 0.06% | -3.1% |
| NVO | Buy | NOVO-NORDISK A Sadr | $1,127,656 | +12.4% | 12,400 | +100.0% | 0.06% | +15.1% |
| ITB | Buy | ISHARES TRus home cons etf | $1,095,877 | -2.9% | 13,962 | +5.7% | 0.06% | +1.7% |
| TJX | TJX COS INC NEW | $772,989 | +4.8% | 8,697 | 0.0% | 0.04% | +7.7% | |
| GLD | Sell | SPDR GOLD TR | $721,119 | -5.5% | 4,206 | -1.8% | 0.04% | -2.5% |
| TSM | TAIWAN SEMICONDUCTOR MFG LTDsponsored ads | $716,056 | -13.9% | 8,240 | 0.0% | 0.04% | -11.4% | |
| BOOT | BOOT BARN HLDGS INC | $670,061 | -4.1% | 8,253 | 0.0% | 0.04% | -2.7% | |
| ROP | Buy | ROPER TECHNOLOGIES INC | $646,514 | +8.0% | 1,335 | +7.2% | 0.04% | +12.9% |
| SITE | Sell | SITEONE LANDSCAPE SUPPLY INC | $613,428 | -4.6% | 3,753 | -2.3% | 0.03% | -2.9% |
| SBUX | STARBUCKS CORP | $567,061 | -7.9% | 6,213 | 0.0% | 0.03% | -3.1% | |
| FAST | FASTENAL CO | $489,247 | -42.1% | 8,954 | 0.0% | 0.03% | -38.6% | |
| SLV | ISHARES SILVER TRishares | $467,820 | -2.6% | 23,000 | 0.0% | 0.02% | 0.0% | |
| Sell | BROOKFIELD CORPcl a ltd vt sh | $458,762 | -16.0% | 14,671 | -9.6% | 0.02% | -13.8% | |
| BABA | ALIBABA GROUP HLDG LTDsponsored ads | $434,047 | +4.1% | 5,004 | 0.0% | 0.02% | +9.1% | |
| KNX | KNIGHT-SWIFT TRANSN HLDGS INcl a | $390,618 | -9.7% | 7,789 | 0.0% | 0.02% | -8.7% | |
| GIB | Buy | CGI INCcl a sub vtg | $224,651 | -3.4% | 1,678 | +0.8% | 0.01% | 0.0% |
| IYF | Sell | ISHARES TRu.s. finls etf | $209,552 | -0.9% | 2,803 | -1.1% | 0.01% | 0.0% |
| LEVI | Exit | LEVI STRAUSS & CO NEW | $0 | – | -32,939 | -100.0% | -0.02% | – |
| SNBR | Exit | SLEEP NUMBER CORP | $0 | – | -21,057 | -100.0% | -0.03% | – |
| SSNC | Exit | SS&C TECHNOLOGIES HLDGS INC | $0 | – | -161,122 | -100.0% | -0.51% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-11-13
About Giverny Capital
Giverny Capital is a well-known investment management firm that has been providing its services to clients for over 20 years. The company was founded by Francois Rochon, who is also the Chief Investment Officer of the firm. Rochon has over 30 years of experience in the investment industry and is widely respected for his expertise in the field.
Under Rochon's leadership, Giverny Capital has become known for its long-term investment approach and its focus on high-quality companies with strong competitive advantages. The firm's investment philosophy is based on the belief that investing in companies with sustainable competitive advantages and strong management teams is the key to long-term success.
Giverny Capital's portfolio is heavily concentrated in a few select companies, which the firm believes have the potential for significant long-term growth. Some of the companies in which Giverny Capital has invested include Amazon, Mastercard, and Visa.
In addition to Rochon, Giverny Capital has a team of experienced investment professionals who work together to identify and analyze investment opportunities. The firm's CEO is Jean-Francois Tardif, who has been with the company since its inception.
Overall, Giverny Capital is a respected investment management firm with a long track record of success. While past performance is not a guarantee of future results, the firm's focus on high-quality companies with sustainable competitive advantages is likely to continue to serve its clients well in the years to come.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| CARMAX INC | 35 | Q3 2023 | 10.7% |
| MARKEL CORP HOLDING | 35 | Q3 2023 | 6.9% |
| VISA INC CLASS-A | 35 | Q3 2023 | 6.0% |
| DISNEY WALT COMPANY | 35 | Q3 2023 | 7.8% |
| MASTERCARD INCORPORATED | 35 | Q3 2023 | 0.4% |
| FASTENAL CO | 34 | Q3 2023 | 2.2% |
| FORTUNE BRNDS HME&SEC | 31 | Q3 2023 | 4.0% |
| BROOKFIELD ASSET MGT-A LV | 31 | Q3 2022 | 0.1% |
| M & T BK CORP | 30 | Q3 2023 | 5.0% |
| JPMORGAN CHASE & CO | 30 | Q3 2023 | 4.3% |
View Giverny Capital's complete holdings history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-09 |
| 13F-HR/A | 2024-01-25 |
| 13F-HR | 2023-11-13 |
| 13F-HR | 2023-08-07 |
| 13F-HR/A | 2023-05-17 |
| 13F-HR | 2023-05-12 |
| 13F-HR | 2023-02-10 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-12 |
| 13F-HR | 2022-05-12 |
View Giverny Capital's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.