WhaleCreep

Giverny Capital (François Rochon) 13F holdings, Q3 2016

Long-only investorSEC filingsCompare with another fundHoldings as of 2016-09-30, filed 2016-11-08

Giverny Capital (François Rochon) disclosed 26 US equity positions worth $537.5m in its Q3 2016 13F filing. Its largest position is BERKSHIRE HATHAWAY at 17.7% of the reported book, followed by LKQ and KMX. Versus Q2 2016 it opened 3 new positions, added to 11, reduced 1 and exited 2.

$537m
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.
17.7%
Largest position
The largest single position as a share of the reported equity book.
75.0%
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 Q2 2016: 3 new, 11 added, 1 reduced, 2 exited

26 rows
BERKSHIRE HATHAWAY no ticker–17.7%$95.1m658,180+1.8%added
LKQ LKQ CORPConsumer Cyclical8.4%$45.2m1.27m+1.2%added
KMX CARMAX INCConsumer Cyclical8.4%$44.9m842,196+0.4%held
BANK OF THE OZARKS INC no ticker–8.1%$43.5m1.13m+0.8%added
DIS DISNEY WALT COCommunication Services7.2%$38.8m417,882+2.9%added
AMETEK INC no ticker–7.0%$37.9m792,893+1.6%added
V VISA INCFinancial Services4.7%$25.5m308,447+0.1%held
MKL MARKEL GROUP INCFinancial Services4.6%$24.9m26,785+0.5%added
UNP UNION PACIFIC CORPIndustrials4.6%$24.6m251,977−0.1%held
WFC WELLS FARGO & COFinancial Services4.2%$22.7m511,575+3.9%added
ORLY OREILLY AUTOMOTIVE INCConsumer Cyclical4.2%$22.5m80,502+1.2%added
MTB M & T BK CORPFinancial Services4.1%$22.1m190,537+1.6%added
MHK MOHAWK INDS INCConsumer Cyclical3.7%$19.8m98,635+3.5%added
FBIN FORTUNE BRANDS INNOVATIONS IIndustrials3.2%$17.3m298,104+3.9%added
GOOG ALPHABET INCCommunication Services2.3%$12.6m16,207–new
BUFFALO WILD WINGS INC no ticker–2.1%$11.1m79,106+0.5%held
SRCLEUR STERICYCLE INC–1.5%$8.3m103,401+0.1%held
HEI/A HEICO CORP NEW–1.2%$6.4m105,811–new
KNIGHT TRANSN INC no ticker–1.2%$6.4m222,808−47%reduced
GOOGL ALPHABET INCCommunication Services0.9%$4.9m6,038–new
STN STANTEC INCIndustrials0.2%$1.3m56,3520.0%held
JPM JPMORGAN CHASE & COFinancial Services0.2%$824k12,3790.0%held
BROOKFIELD ASSET MGMT INC no ticker–0.09%$461k13,0960.0%held
BALCHEM CORP no ticker–0.03%$176k2,2660.0%held
FAST FASTENAL COIndustrials0.03%$170k4,0770.0%held
MA MASTERCARD INCFinancial Services0.03%$153k1,5040.0%held

Exited since Q2 2016

2 rows
GOOGLE INC no ticker2.0%$10.4m
GOOGLE INC no ticker0.8%$4.3m

Sector mix

  • Unclassified38.9%
  • Consumer Cyclical24.6%
  • Financial Services17.9%
  • Communication Services10.5%
  • Industrials8.1%

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