Funds › Giverny Capital (François Rochon) › Q2 2020Giverny Capital (François Rochon) 13F holdings, Q2 2020 Giverny Capital (François Rochon) disclosed 49 US equity positions worth $1.0bn in its Q2 2020 13F filing. Its largest position is BRK/B at 15.0% of the reported book, followed by KMX and AME. Versus Q1 2020 it opened 12 new positions, added to 25, reduced 3 and exited 4.
$1.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
49 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.0% Largest position The largest single position as a share of the reported equity book.
64.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
16 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 2020: 12 new , 25 added , 3 reduced , 4 exited
49 rows
Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 15.0% $151m 844,446 +1.6% added KMX CARMAX INC Consumer Cyclical 9.5% $95.5m 1.07m −3.3% reduced AME AMETEK INC Industrials 6.6% $66.8m 747,603 +2.7% added V VISA INC Financial Services 5.8% $58.0m 300,144 +2.2% added GOOG ALPHABET INC Communication Services 5.1% $51.3m 36,324 +6.4% added PGR PROGRESSIVE CORP Financial Services 4.8% $48.4m 603,936 +7.0% added META META PLATFORMS INC Communication Services 4.8% $47.9m 210,751 +24% added NVR NVR INC Consumer Cyclical 4.6% $46.0m 14,116 +1.7% added HEI/A HEICO CORP NEW – 4.1% $41.3m 508,738 +5.9% added MKL MARKEL GROUP INC Financial Services 4.1% $40.8m 44,170 +7.2% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 4.0% $40.5m 402,300 +1.8% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 3.2% $32.4m 506,373 +0.4% held SCHW SCHWAB CHARLES CORP Financial Services 3.2% $32.3m 956,291 +7.8% added JPM JPMORGAN CHASE & CO Financial Services 3.1% $31.2m 332,123 +2.9% added FIVE FIVE BELOW INC Consumer Cyclical 3.1% $30.9m 288,602 +10% added BAC BANK OF AMER CORP Financial Services 3.0% $30.0m 1.26m −2.9% reduced EW EDWARDS LIFESCIENCES CORP Healthcare 2.6% $25.8m 372,627 +215% added ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2.3% $23.5m 256,926 – new DIS DISNEY WALT CO Communication Services 2.1% $20.8m 186,183 +1.4% added ATHM AUTOHOME INC Communication Services 1.5% $15.0m 198,417 +15% added GOOGL ALPHABET INC Communication Services 1.3% $13.1m 9,203 +39% added LFUS LITTELFUSE INC Technology 1.0% $9.9m 58,242 −0.6% reduced SNBRQ SLEEP NUMBER CORP Consumer Cyclical 0.9% $9.0m 216,569 +0.2% held HCSG HEALTHCARE SVCS GROUP INC Healthcare 0.9% $8.8m 358,648 +22% added OZK BANK OZK LITTLE ROCK ARK Financial Services 0.8% $8.4m 356,374 +0.3% held SSNC SS&C TECHNOLOGIES HLDGS INC Technology 0.3% $3.0m 53,161 +573% added CACC CREDIT ACCEP CORP MICH Financial Services 0.3% $2.8m 6,605 – new MA MASTERCARD INC Financial Services 0.2% $2.4m 8,151 +320% added ANET ARISTA NETWORKS INC Technology 0.2% $2.2m 10,345 – new SPY SPDR S&P 500 ETF Trust – 0.2% $1.6m 5,295 0.0% held BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $1.6m 6 +100% added TJX TJX COS INC NEW Consumer Cyclical 0.2% $1.5m 29,880 +236% added LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.1% $1.4m 4,645 0.0% held AMZN AMAZON COM INC Consumer Cyclical 0.1% $1.3m 459 – new JECUSD JACOBS ENGR GROUP INC – 0.1% $1.2m 14,159 – new 8L8C LIBERTY BROADBAND CORP – 0.1% $1.2m 9,507 – new AAPL APPLE INC Technology 0.1% $1.0m 2,764 +17% added FRCB FIRST REP BK SAN FRANCISCO C Financial Services 0.09% $943k 8,893 – new MSFT MICROSOFT CORP Technology 0.07% $718k 3,529 – new W WAYFAIR INC Consumer Cyclical 0.07% $695k 3,518 – new ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.07% $690k 4,067 0.0% held BROOKFIELD ASSET MGMT INC no ticker – 0.05% $545k 16,576 +42% added CHTR CHARTER COMMUNICATIONS INC Communication Services 0.05% $510k 1,000 – new ROP ROPER TECHNOLOGIES INC Technology 0.05% $483k 1,245 0.0% held LIBERTY MEDIA CORP DEL no ticker – 0.04% $389k 12,274 +15% added FAST FASTENAL CO Industrials 0.04% $384k 8,954 0.0% held KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 0.03% $336k 8,046 0.0% held TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.03% $303k 5,336 – new UNH UNITEDHEALTH GROUP INC Healthcare 0.03% $299k 1,014 – new
Exited since Q1 2020 4 rows
Stock Prior weight Prior value UNP UNION PACIFIC CORP 0.9% $7.3m LUV Southwest Airlines Co. 0.04% $297k DAL DELTA AIR LINES INC 0.03% $265k MHK MOHAWK INDS INC 0.03% $245k
Sector mix Financial Services 27.7% Unclassified 19.8% Consumer Cyclical 18.5% Communication Services 14.8% Industrials 10.0% Technology 5.8% Healthcare 3.5% 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