Funds › Giverny Capital (François Rochon) › Q2 2019Giverny Capital (François Rochon) 13F holdings, Q2 2019 Giverny Capital (François Rochon) disclosed 39 US equity positions worth $990.0m in its Q2 2019 13F filing. Its largest position is BRK/B at 18.6% of the reported book, followed by KMX and AME. Versus Q1 2019 it opened 0 new positions, added to 25, reduced 5 and exited 0.
$990m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
39 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.6% Largest position The largest single position as a share of the reported equity book.
67.5% Top 10 weight The ten largest positions together, as a share of the reported equity book.
14 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 Q1 2019: 0 new , 25 added , 5 reduced , 0 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 18.6% $184m 864,443 +3.9% added KMX CARMAX INC Consumer Cyclical 10.7% $106m 1.22m +2.6% added AME AMETEK INC Industrials 7.3% $72.0m 792,865 +4.0% added V VISA INC Financial Services 5.4% $53.8m 309,767 +2.4% added HEI/A HEICO CORP NEW – 5.1% $50.3m 486,432 +2.9% added NVR NVR INC Consumer Cyclical 4.9% $48.2m 14,312 +4.3% added MKL MARKEL GROUP INC Financial Services 4.2% $41.3m 37,894 +3.8% added GOOG ALPHABET INC Communication Services 3.8% $38.0m 35,110 +2.2% added JPM JPMORGAN CHASE & CO Financial Services 3.8% $37.3m 334,011 +5.0% added SCHW SCHWAB CHARLES CORP Financial Services 3.8% $37.3m 928,197 +26% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 3.6% $35.4m 619,083 +3.7% added META META PLATFORMS INC Communication Services 3.4% $33.5m 173,316 +5.3% added DIS DISNEY WALT CO Communication Services 2.8% $27.5m 196,672 +3.6% added UNP UNION PACIFIC CORP Industrials 2.7% $26.9m 159,239 +1.5% added BAC BANK OF AMER CORP Financial Services 2.6% $25.5m 881,006 +18% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 2.6% $25.5m 283,501 +144% added MHK MOHAWK INDS INC Consumer Cyclical 2.5% $24.8m 168,409 −24% reduced EW EDWARDS LIFESCIENCES CORP Healthcare 2.4% $23.5m 126,990 +2.5% added MTB M & T BK CORP Financial Services 2.3% $23.1m 135,586 +7.2% added OZK BANK OZK LITTLE ROCK ARK Financial Services 2.2% $22.0m 730,979 +5.2% added LFUS LITTELFUSE INC Technology 2.0% $20.2m 114,120 +4.9% added ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 1.0% $10.1m 27,297 −5.3% reduced HCSG HEALTHCARE SVCS GROUP INC Healthcare 1.0% $9.5m 313,678 +9.2% added GOOGL ALPHABET INC Communication Services 0.6% $6.3m 5,863 −1.7% reduced SPY SPDR S&P 500 ETF Trust – 0.2% $1.6m 5,295 0.0% held BRK/A BERKSHIRE HATHAWAY INC DEL – 0.10% $955k 3 0.0% held LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.08% $837k 4,645 0.0% held BROOKFIELD ASSET MGMT INC no ticker – 0.06% $618k 12,938 0.0% held MA MASTERCARD INC Financial Services 0.05% $539k 2,039 0.0% held TJX TJX COS INC NEW Consumer Cyclical 0.05% $494k 9,341 0.0% held ROP ROPER TECHNOLOGIES INC Technology 0.05% $456k 1,245 0.0% held FIVE FIVE BELOW INC Consumer Cyclical 0.04% $432k 3,596 0.0% held AAPL APPLE INC Technology 0.04% $421k 2,127 0.0% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.04% $405k 2,712 +5.2% added LIBERTY MEDIA CORP DEL no ticker – 0.04% $398k 10,630 −59% reduced FAST FASTENAL CO Industrials 0.03% $266k 8,154 +100% added KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 0.03% $264k 8,046 +3.9% added LUV Southwest Airlines Co. Industrials 0.02% $220k 4,334 +9.4% added LKQ LKQ CORP Consumer Cyclical 0.0% $6.0k 220 −100% reduced
Sector mix Financial Services 24.3% Unclassified 24.0% Consumer Cyclical 19.3% Industrials 13.7% Communication Services 10.6% Technology 4.7% Healthcare 3.3% Book over time Every quarter on file (46) Where Giverny Capital (François Rochon) was early 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