WhaleCreep

Giverny Capital (François Rochon) 13F holdings, Q3 2015

Long-only investorSEC filingsCompare with another fundHoldings as of 2015-09-30, filed 2015-11-12

Giverny Capital (François Rochon) disclosed 26 US equity positions worth $497.2m in its Q3 2015 13F filing. Its largest position is BERKSHIRE HATHAWAY at 15.4% of the reported book, followed by BANK OF THE OZARKS INC and KMX. Versus Q2 2015 it opened 1 new position, added to 20, reduced 1 and exited 1.

$497m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
26
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.4%
Largest position
The largest single position as a share of the reported equity book.
68.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
15
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
46
Quarters on file since Q1 2015
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2015: 1 new, 20 added, 1 reduced, 1 exited

26 rows
BERKSHIRE HATHAWAY no ticker–15.4%$76.7m588,473+13%added
BANK OF THE OZARKS INC no ticker–8.1%$40.4m922,350+5.2%added
KMX CARMAX INCConsumer Cyclical7.8%$38.7m652,834+22%added
DIS DISNEY WALT COCommunication Services7.2%$35.9m351,442+3.2%added
LKQ LKQ CORPConsumer Cyclical6.5%$32.4m1.14m+3.6%added
WFC WELLS FARGO & COFinancial Services5.8%$29.0m564,969−11%reduced
VALEANT PHARMACEUTICALS INTL no ticker–4.5%$22.4m125,361+4.1%added
MTB M & T BK CORPFinancial Services4.3%$21.5m176,398+3.6%added
UNP UNION PACIFIC CORPIndustrials4.1%$20.6m232,473+43%added
V VISA INCFinancial Services4.1%$20.4m293,148+1.2%added
MKL MARKEL GROUP INCFinancial Services4.0%$20.0m24,936+3.3%added
ORLY OREILLY AUTOMOTIVE INCConsumer Cyclical4.0%$19.8m79,362+0.6%added
AMETEK INC no ticker–3.5%$17.2m328,355+72%added
MHK MOHAWK INDS INCConsumer Cyclical3.0%$15.1m83,190+2.9%added
KNIGHT TRANSN INC no ticker–2.9%$14.3m596,809+66%added
IBM INTERNATIONAL BUSINESS MACHSTechnology2.8%$14.0m96,634+2.3%added
BUFFALO WILD WINGS INC no ticker–2.8%$13.9m71,656+6.8%added
CABELAS INC no ticker–2.2%$10.9m240,142+2.9%added
PRAA PRA GROUP INCFinancial Services2.1%$10.2m192,654+5.6%added
FAST FASTENAL COIndustrials1.9%$9.4m257,451+2.5%added
GOOGLE INC no ticker–1.6%$8.0m13,137+2.7%added
GOOGLE INC no ticker–0.8%$4.0m6,230−0.2%held
STN STANTEC INCIndustrials0.2%$1.2m56,3520.0%held
SRCLEUR STERICYCLE INC–0.1%$585k4,200–new
BROOKFIELD ASSET MGMT INC no ticker–0.09%$437k13,914+0.2%held
MA MASTERCARD INCFinancial Services0.03%$136k1,5040.0%held

Exited since Q2 2015

1 row
PRECISION CASTPARTS CORP no ticker3.7%$18.5m

Sector mix

  • Unclassified42.0%
  • Consumer Cyclical21.3%
  • Financial Services20.4%
  • Communication Services7.2%
  • Industrials6.3%
  • Technology2.8%

Book over time

Every quarter on file (46)
QuarterPositionsEquity book
Q2 202651$3.0bn
Q1 202651$2.7bn
Q4 202550$3.0bn
Q3 202552$3.0bn
Q2 202555$2.9bn
Q1 202554$2.7bn
Q4 202462$2.7bn
Q3 202452$2.6bn
Q2 202450$2.4bn
Q1 202453$2.5bn
Q4 202359$2.1bn
Q3 202359$1.8bn
Q2 202359$1.9bn
Q1 202360$1.7bn
Q4 202266$1.6bn
Q3 202263$1.5bn
Q2 202263$1.5bn
Q1 202263$1.8bn
Q4 202164$1.9bn
Q3 202159$1.7bn
Q2 202157$1.6bn
Q1 202153$1.5bn
Q4 202053$1.3bn
Q3 202054$1.1bn
Q2 202049$1.0bn
Q1 202041$785m
Q4 201939$1.1bn
Q3 201939$1.0bn
Q2 201939$990m
Q1 201939$872m
Q4 201835$759m
Q3 201836$883m
Q2 201836$769m
Q1 201835$747m
Q4 201735$729m
Q3 201731$684m
Q2 201727$619m
Q1 201726$602m
Q4 201626$591m
Q3 201626$537m
Q2 201625$515m
Q1 201624$509m
Q4 201525$502m
Q3 201526$497m
Q2 201526$500m
Q1 201524$457m

Where Giverny Capital (François Rochon) was early

13 rows
FBIN FORTUNE BRANDS HOME & SEC INQ1 20169 of 1322.0%4.0%36Exited by Q1 2025+43%
HEI/A HEICO CORP NEWQ3 20163 of 931.2%6.7%40Held at last filing, Q2 2026+732%
AME AMETEK INCQ4 20165 of 1306.5%7.6%39Held at last filing, Q2 2026+398%
FIVE FIVE BELOW INCQ1 201717 of 1740.04%7.5%38Held at last filing, Q2 2026+315%
LFUS LITTELFUSE INCQ4 20171 of 1140.04%2.7%35Held at last filing, Q2 2026+130%
CACC CREDIT ACCEP CORP MICHQ4 20179 of 1022.6%2.8%25Exited by Q4 2025+44%
EW EDWARDS LIFESCIENCES CORPQ4 201710 of 1492.5%3.6%29Exited by Q1 2025+97%
HCSG HEALTHCARE SVCS GROUP INCQ3 20181 of 890.04%1.1%13Exited by Q4 2021−38%
NVR NVR INCQ3 201810 of 1452.0%5.4%32Held at last filing, Q2 2026+176%
SCHW SCHWAB CHARLES CORPQ3 201823 of 2212.8%6.4%32Held at last filing, Q2 2026+88%
OZK BANK OZK LITTLE ROCK ARKQ4 20182 of 1132.0%2.3%31Held at last filing, Q2 2026+128%
KEYS KEYSIGHT TECHNOLOGIES INCQ1 20196 of 1641.2%5.0%30Held at last filing, Q2 2026+301%
PGR PROGRESSIVE CORPQ3 201919 of 1942.1%5.5%28Held at last filing, Q2 2026+183%

Concentration and tenure

12.8%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
62.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
6
Median completed holding, quarters