WhaleCreep

Giverny Capital (François Rochon) 13F holdings, Q1 2016

Long-only investorSEC filingsCompare with another fundHoldings as of 2016-03-31, filed 2016-05-11

Giverny Capital (François Rochon) disclosed 24 US equity positions worth $508.5m in its Q1 2016 13F filing. Its largest position is BERKSHIRE HATHAWAY at 17.6% of the reported book, followed by BANK OF THE OZARKS INC and KMX. Versus Q4 2015 it opened 2 new positions, added to 15, reduced 3 and exited 3.

$509m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
24
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
17.6%
Largest position
The largest single position as a share of the reported equity book.
75.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 Q4 2015: 2 new, 15 added, 3 reduced, 3 exited

24 rows
BERKSHIRE HATHAWAY no ticker–17.6%$89.3m629,062+4.0%added
BANK OF THE OZARKS INC no ticker–8.8%$44.8m1.07m+16%added
KMX CARMAX INCConsumer Cyclical8.3%$42.2m825,093+21%added
LKQ LKQ CORPConsumer Cyclical7.7%$38.9m1.22m+3.0%added
AMETEK INC no ticker–7.5%$38.2m764,717+118%added
DIS DISNEY WALT COCommunication Services7.4%$37.8m380,986+6.8%added
WFC WELLS FARGO & COFinancial Services4.6%$23.5m485,546−16%reduced
V VISA INCFinancial Services4.5%$23.1m301,750+2.2%added
MKL MARKEL GROUP INCFinancial Services4.5%$23.0m25,812+2.0%added
ORLY OREILLY AUTOMOTIVE INCConsumer Cyclical4.2%$21.4m78,250−0.3%held
MTB M & T BK CORPFinancial Services4.1%$20.7m186,182+4.5%added
UNP UNION PACIFIC CORPIndustrials3.9%$19.9m249,595+6.2%added
MHK MOHAWK INDS INCConsumer Cyclical3.5%$17.7m92,776+9.6%added
KNIGHT TRANSN INC no ticker–3.3%$16.7m639,978+2.7%added
SRCLEUR STERICYCLE INC–2.5%$12.7m100,574+29%added
BUFFALO WILD WINGS INC no ticker–2.2%$11.1m74,605+3.4%added
FBIN FORTUNE BRANDS INNOVATIONS IIndustrials2.0%$10.3m184,373–new
GOOGLE INC no ticker–2.0%$10.3m13,783+5.0%added
GOOGLE INC no ticker–0.9%$4.7m6,138−1.2%reduced
STN STANTEC INCIndustrials0.3%$1.4m56,3520.0%held
BROOKFIELD ASSET MGMT INC no ticker–0.10%$484k13,9140.0%held
FAST FASTENAL COIndustrials0.04%$200k4,077−98%reduced
MA MASTERCARD INCFinancial Services0.03%$142k1,5040.0%held
BALCHEM CORP no ticker–0.03%$141k2,266–new

Exited since Q4 2015

3 rows
IBM INTERNATIONAL BUSINESS MACHS2.6%$13.2m
VALEANT PHARMACEUTICALS INTL no ticker2.6%$13.0m
PRAA PRA GROUP INC1.3%$6.7m

Sector mix

  • Unclassified44.9%
  • Consumer Cyclical23.6%
  • Financial Services17.8%
  • Communication Services7.4%
  • Industrials6.3%

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