Funds › Giverny Capital (François Rochon) › Q4 2020Giverny Capital (François Rochon) 13F holdings, Q4 2020 Giverny Capital (François Rochon) disclosed 53 US equity positions worth $1.3bn in its Q4 2020 13F filing. Its largest position is BRK/B at 12.3% of the reported book, followed by KMX and AME. Versus Q3 2020 it opened 0 new positions, added to 33, reduced 6 and exited 1.
$1.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
53 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.3% Largest position The largest single position as a share of the reported equity book.
60.0% Top 10 weight The ten largest positions together, as a share of the reported equity book.
19 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 Q3 2020: 0 new , 33 added , 6 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 12.3% $160m 690,317 +2.4% added KMX CARMAX INC Consumer Cyclical 8.1% $105m 1.12m +3.5% added AME AMETEK INC Industrials 6.6% $86.2m 712,537 −5.7% reduced V VISA INC Financial Services 5.1% $66.8m 305,206 +1.3% added GOOG ALPHABET INC Communication Services 5.0% $64.9m 37,054 +2.5% added PGR PROGRESSIVE CORP Financial Services 5.0% $64.7m 654,224 +6.5% added HEI/A HEICO CORP NEW – 4.8% $62.8m 536,099 +2.3% added META META PLATFORMS INC Communication Services 4.6% $60.0m 219,590 +3.7% added NVR NVR INC Consumer Cyclical 4.5% $58.3m 14,297 +2.4% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 4.1% $53.4m 404,190 +1.5% added SCHW SCHWAB CHARLES CORP Financial Services 4.1% $52.9m 997,825 +3.9% added FIVE FIVE BELOW INC Consumer Cyclical 4.0% $52.1m 297,896 +2.7% added MKL MARKEL GROUP INC Financial Services 3.7% $48.3m 46,752 +4.5% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 3.4% $44.2m 515,998 +2.7% added JPM JPMORGAN CHASE & CO Financial Services 3.4% $43.9m 345,615 +2.7% added BAC BANK OF AMER CORP Financial Services 3.0% $38.7m 1.28m +1.2% added EW EDWARDS LIFESCIENCES CORP Healthcare 2.7% $35.4m 387,814 +3.9% added DIS DISNEY WALT CO Communication Services 2.6% $34.1m 188,443 +4.0% added ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2.4% $31.7m 274,971 +3.2% added ATHM AUTOHOME INC Communication Services 2.4% $31.4m 315,266 +62% added SNBRQ SLEEP NUMBER CORP Consumer Cyclical 2.1% $27.0m 329,758 +55% added GOOGL ALPHABET INC Communication Services 1.1% $15.0m 8,542 +9.7% added OZK BANK OZK LITTLE ROCK ARK Financial Services 0.9% $11.1m 356,092 +1.1% added HCSG HEALTHCARE SVCS GROUP INC Healthcare 0.8% $10.2m 361,849 +1.4% added SSNC SS&C TECHNOLOGIES HLDGS INC Technology 0.5% $6.1m 83,871 +17% added ANET ARISTA NETWORKS INC Technology 0.4% $4.7m 16,319 +16% added MA MASTERCARD INC Financial Services 0.3% $3.4m 9,645 +17% added CACC CREDIT ACCEP CORP MICH Financial Services 0.3% $3.4m 9,757 +22% added 8L8C LIBERTY BROADBAND CORP – 0.3% $3.3m 20,797 +16% added BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $2.8m 8 0.0% held FRCB FIRST REP BK SAN FRANCISCO C Financial Services 0.2% $2.7m 18,671 +12% added TJX TJX COS INC NEW Consumer Cyclical 0.2% $2.7m 40,027 +13% added SPY SPDR S&P 500 ETF Trust – 0.1% $1.8m 4,937 −6.8% reduced JECUSD JACOBS ENGR GROUP INC – 0.1% $1.7m 16,022 +3.5% added LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.1% $1.6m 4,615 0.0% held AAPL APPLE INC Technology 0.1% $1.6m 11,904 +26% added AMZN AMAZON COM INC Consumer Cyclical 0.1% $1.5m 466 −9.9% reduced TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.08% $1.0m 9,377 −24% reduced MSFT MICROSOFT CORP Technology 0.06% $796k 3,578 +1.4% added ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.06% $794k 4,067 0.0% held LFUS LITTELFUSE INC Technology 0.05% $710k 2,788 −95% reduced BROOKFIELD ASSET MGMT INC no ticker – 0.05% $701k 16,989 0.0% held SBUX STARBUCKS CORP Consumer Cyclical 0.05% $677k 6,327 0.0% held SLV ISHARES SILVER TRUST – 0.04% $565k 23,000 0.0% held ROP ROPER TECHNOLOGIES INC Technology 0.04% $537k 1,245 0.0% held FAST FASTENAL CO Industrials 0.03% $437k 8,954 0.0% held NVO NOVO-NORDISK A S Healthcare 0.03% $433k 6,200 0.0% held W WAYFAIR INC Consumer Cyclical 0.03% $344k 1,525 −65% reduced KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 0.03% $336k 8,046 0.0% held ISRG INTUITIVE SURGICAL INC Healthcare 0.01% $110k 135 0.0% held
Exited since Q3 2020 1 row
Stock Prior weight Prior value LBRDAEUR LIBERTY BROADBAND CORP 0.02% $171k
Sector mix Financial Services 28.2% Consumer Cyclical 19.2% Unclassified 17.9% Communication Services 15.8% Industrials 10.1% Technology 5.3% 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