Giverny Capital: 13F holdings, Q2 2026
Concentrated value · SEC EDGAR filings (CIK 0001641864) · Explore on the interactive board
Giverny Capital disclosed 51 US equity positions worth $3.0bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 26, 2026). Its largest position is GOOG at 7.2% of the reported book, followed by HEI/A, META. The top ten holdings are 51.5% of the book, and the portfolio behaves like about 26 equal-weight positions. Versus the prior filing it opened 7 new positions, added to 12, reduced 27 and exited 7.
What does Giverny Capital own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 7 new, 12 added, 27 reduced, 7 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | GOOG ALPHABET INC C | Communication Services | 7.2% | $213.9m | 605,460 | -2% | reduced |
| 2 | HEI/A HEICO CORP NEW | 6.4% | $189.6m | 735,248 | -0% | held | |
| 3 | META META PLATFORMS INC | Communication Services | 5.7% | $170.6m | 302,888 | -2% | reduced |
| 4 | SCHW SCHWAB CHARLES CORP | Financial Services | 5.2% | $155.2m | 1,681,567 | 9% | added |
| 5 | ADP AUTOMATIC DATA PROC INC | Technology | 4.9% | $146.6m | 654,556 | 56% | added |
| 6 | AME AMETEK INC | Industrials | 4.9% | $144.9m | 598,781 | -2% | reduced |
| 7 | MEDP MEDPACE HOLDINGS INC | Healthcare | 4.5% | $134.5m | 253,931 | -1% | reduced |
| 8 | V VISA INC | Financial Services | 4.5% | $133.8m | 389,900 | -2% | reduced |
| 9 | BRK/B BERKSHIRE HATHAWAY INC DEL | 4.2% | $124.3m | 248,447 | -34% | reduced | |
| 10 | PGR PROGRESSIVE CORP | Financial Services | 4.0% | $118.5m | 542,292 | 3% | added |
| 11 | GOOGL ALPHABET INC | Communication Services | 3.7% | $110.8m | 310,118 | -11% | reduced |
| 12 | FIVE FIVE BELOW INC | Consumer Cyclical | 3.6% | $107.5m | 598,122 | -3% | reduced |
| 13 | BKNG BOOKING HOLDINGS INC. | Consumer Cyclical | 3.1% | $93.2m | 522,664 | 2375% | added |
| 14 | IBP INSTALLED BLDG PRODS INC | Consumer Cyclical | 3.1% | $91.4m | 397,662 | -1% | reduced |
| 15 | NVR NVR INC | Consumer Cyclical | 3.0% | $90.2m | 13,238 | -3% | reduced |
| 16 | KNSL KINSALE CAPITAL GROUP IN | Financial Services | 2.7% | $79.4m | 240,731 | 10% | added |
| 17 | BFAM BRIGHT HORIZONSFAMILY SOLUTION | Consumer Cyclical | 2.6% | $76.6m | 1,080,793 | 46% | added |
| 18 | RMD RESMED INC | Healthcare | 2.5% | $75.5m | 387,665 | 69% | added |
| 19 | OZK BANK OZK LITTLE ROCK ARK | Financial Services | 2.1% | $62.4m | 1,198,116 | -3% | reduced |
| 20 | MKL MARKEL CORP | Financial Services | 2.0% | $60.3m | 30,877 | -28% | reduced |
| 21 | ANET ARISTA NETWORKS INC | Technology | 1.9% | $57.7m | 339,892 | -20% | reduced |
| 22 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 1.7% | $50.1m | 143,072 | -56% | reduced |
| 23 | DIS DISNEY WALT CO | Communication Services | 1.7% | $49.6m | 515,567 | -4% | reduced |
| 24 | BRO BROWN & BROWN | Financial Services | 1.6% | $48.3m | 753,288 | -0% | held |
| 25 | ADI ANALOG DEVICES INC | Technology | 1.2% | $37.1m | 93,310 | -45% | reduced |
| 26 | NYT NEW YORK TIMES CO-A- | Communication Services | 1.1% | $33.9m | 484,424 | – | new |
| 27 | LFUS LITTELFUSE INC | Technology | 1.1% | $33.8m | 74,125 | -8% | reduced |
| 28 | MSA MSA SAFETY INC | Industrials | 1.0% | $29.0m | 166,305 | – | new |
| 29 | WSO WATSCO INC | Industrials | 0.9% | $27.5m | 65,975 | – | new |
| 30 | AAON AAON INC | Industrials | 0.9% | $26.0m | 204,779 | 1% | added |
| 31 | GLD SPDR GOLD TR | 0.8% | $25.0m | 3,876 | 0% | held | |
| 32 | SUNB SUNBELT RENTALS HOLDINGS | 0.7% | $21.6m | 246,369 | -9% | reduced | |
| 33 | VEEV VEEVA SYSTEMS INC CL-A | Healthcare | 0.6% | $16.9m | 94,956 | – | new |
| 34 | AXP AMERICAN EXPRESS CO | Financial Services | 0.5% | $15.8m | 46,702 | – | new |
| 35 | TWFG TWFG INC | 0.5% | $15.7m | 652,452 | 18% | added | |
| 36 | JPM JPMORGAN CHASE & CO | Financial Services | 0.5% | $15.7m | 47,876 | -8% | reduced |
| 37 | MA MASTERCARD INCORPORATED | Financial Services | 0.5% | $14.8m | 28,816 | 3% | added |
| 38 | LULU LULULEMON ATHLETICA INC | Consumer Cyclical | 0.5% | $14.7m | 128,803 | -10% | reduced |
| 39 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.5% | $13.6m | 229,867 | -1% | reduced |
| 40 | HWKN HAWKINS INC | Basic Materials | 0.5% | $13.5m | 94,954 | – | new |
| 41 | FERG FERGUSON ENTERPRISES INC | Industrials | 0.3% | $8.9m | 37,380 | 2% | added |
| 42 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 0.3% | $8.2m | 91,464 | -0% | held |
| 43 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.2% | $6.7m | 9 | -18% | reduced | |
| 44 | AAPL APPLE INC | Technology | 0.1% | $3.8m | 12,995 | -14% | reduced |
| 45 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.1% | $1.7m | 3,655 | -55% | reduced |
| 46 | SPY SPDR S&P 500 ETF | 0.1% | $1.7m | 2,294 | -7% | reduced | |
| 47 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 0.0% | $1.5m | 36,036 | 0% | held |
| 48 | ITB ISHARES TR | 0.0% | $1.2m | 11,662 | 7% | added | |
| 49 | MSFT MICROSOFT CORP | Technology | 0.0% | $666.6k | 1,787 | -6% | reduced |
| 50 | QQQ INVESCO QQQ TR | 0.0% | $287.9k | 391 | – | new |
What did Giverny Capital sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| MTB M & T BK CORP | 23.4% | $1.6m |
| RSP INVESCO S&P500 EQ WGT ETF | 17.6% | $1.2m |
| INVESCO EXCH TRADED FD TR II | 15.1% | $1.0m |
| BIRK BIRKENSTOCK HLDG PLC | 14.8% | $981.5k |
| ODFL OLD DOMINION FREIGHT LINE IN | 14.7% | $978.2k |
| SITE SITEONE LANDSCAPE SUPPLY INC | 7.5% | $499.6k |
| NVO NOVO-NORDISK A S | 6.9% | $455.7k |
Sector mix
| Sector | Weight |
|---|---|
| Financial Services | 23.7% |
| Communication Services | 19.5% |
| Consumer Cyclical | 16.4% |
| Technology | 11.1% |
| Industrials | 8.2% |
| Healthcare | 7.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2026 | 51 | $3.0bn |
| Q1 2026 | 51 | $2.7bn |
| Q4 2025 | 50 | $3.0bn |
| Q3 2025 | 52 | $3.0bn |
| Q2 2025 | 55 | $2.9bn |
| Q1 2025 | 54 | $2.7bn |
| Q4 2024 | 62 | $2.7bn |
| Q3 2024 | 52 | $2.6bn |
| Q2 2024 | 50 | $2.4bn |
| Q1 2024 | 53 | $2.5bn |
| Q4 2023 | 59 | $2.1bn |
| Q3 2023 | 59 | $1.8bn |
| Q2 2023 | 59 | $1.9bn |
| Q1 2023 | 60 | $1.7bn |
| Q4 2022 | 66 | $1.6bn |
| Q3 2022 | 63 | $1.5bn |
Earliest filing: Q1 2015 · 46 quarters on file
How concentrated is Giverny Capital's portfolio?
Across every quarter Giverny Capital has filed, its median largest position is 12.8% of the book and its median top-ten weight is 62.6%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 105 completed holding spells, the median lasted 6.0 quarters; 51 positions are still open and their final length is unknown.