Funds › Giverny Capital (François Rochon) › Q3 2019Giverny Capital (François Rochon) 13F holdings, Q3 2019 Giverny Capital (François Rochon) disclosed 39 US equity positions worth $1.0bn in its Q3 2019 13F filing. Its largest position is BRK/B at 18.1% of the reported book, followed by KMX and AME. Versus Q2 2019 it opened 1 new position, added to 13, reduced 3 and exited 1.
$1.0bn 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.
18.1% Largest position The largest single position as a share of the reported equity book.
68.2% 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 Q2 2019: 1 new , 13 added , 3 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 18.1% $181m 870,968 +0.8% added KMX CARMAX INC Consumer Cyclical 10.7% $108m 1.22m +0.2% held AME AMETEK INC Industrials 7.3% $73.2m 797,424 +0.6% added NVR NVR INC Consumer Cyclical 5.4% $53.8m 14,460 +1.0% added V VISA INC Financial Services 5.3% $53.2m 309,533 −0.1% held HEI/A HEICO CORP NEW – 4.7% $47.2m 485,174 −0.3% held MKL MARKEL GROUP INC Financial Services 4.5% $45.3m 38,312 +1.1% added GOOG ALPHABET INC Communication Services 4.3% $43.4m 35,627 +1.5% added JPM JPMORGAN CHASE & CO Financial Services 4.0% $39.8m 337,782 +1.1% added SCHW SCHWAB CHARLES CORP Financial Services 3.9% $39.2m 936,161 +0.9% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 3.4% $34.0m 620,746 +0.3% held META META PLATFORMS INC Communication Services 3.1% $31.5m 176,952 +2.1% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 2.9% $29.2m 300,068 +5.8% added EW EDWARDS LIFESCIENCES CORP Healthcare 2.8% $28.0m 127,233 +0.2% held BAC BANK OF AMER CORP Financial Services 2.8% $27.6m 945,735 +7.3% added UNP UNION PACIFIC CORP Industrials 2.6% $25.9m 160,011 +0.5% held DIS DISNEY WALT CO Communication Services 2.6% $25.6m 196,724 0.0% held MTB M & T BK CORP Financial Services 2.2% $21.8m 138,067 +1.8% added PGR PROGRESSIVE CORP Financial Services 2.1% $20.7m 268,243 – new LFUS LITTELFUSE INC Technology 2.0% $20.3m 114,671 +0.5% held OZK BANK OZK LITTLE ROCK ARK Financial Services 2.0% $20.0m 732,756 +0.2% held ORLY OREILLY AUTOMOTIVE INC Consumer Cyclical 1.1% $11.1m 27,911 +2.2% added HCSG HEALTHCARE SVCS GROUP INC Healthcare 0.8% $7.7m 315,908 +0.7% added GOOGL ALPHABET INC Communication Services 0.7% $7.1m 5,776 −1.5% reduced SPY SPDR S&P 500 ETF Trust – 0.2% $1.6m 5,295 0.0% held BRK/A BERKSHIRE HATHAWAY INC DEL – 0.09% $935k 3 0.0% held LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.09% $894k 4,645 0.0% held BROOKFIELD ASSET MGMT INC no ticker – 0.07% $687k 12,938 0.0% held MHK MOHAWK INDS INC Consumer Cyclical 0.06% $616k 4,961 −97% reduced MA MASTERCARD INC Financial Services 0.06% $554k 2,039 0.0% held TJX TJX COS INC NEW Consumer Cyclical 0.05% $506k 9,082 −2.8% reduced AAPL APPLE INC Technology 0.05% $476k 2,127 0.0% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.05% $461k 2,712 0.0% held FIVE FIVE BELOW INC Consumer Cyclical 0.05% $453k 3,596 0.0% held ROP ROPER TECHNOLOGIES INC Technology 0.04% $444k 1,245 0.0% held LIBERTY MEDIA CORP DEL no ticker – 0.04% $442k 10,630 0.0% held KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 0.03% $292k 8,046 0.0% held FAST FASTENAL CO Industrials 0.03% $266k 8,154 0.0% held LUV Southwest Airlines Co. Industrials 0.02% $234k 4,334 0.0% held
Exited since Q2 2019 1 row
Stock Prior weight Prior value LKQ LKQ CORP 0.0% $6.0k
Sector mix Financial Services 26.7% Unclassified 23.1% Consumer Cyclical 17.4% Industrials 13.4% Communication Services 10.7% Technology 5.0% Healthcare 3.6% 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