Funds › Giverny Capital (François Rochon) › Q1 2021Giverny Capital (François Rochon) 13F holdings, Q1 2021 Giverny Capital (François Rochon) disclosed 53 US equity positions worth $1.5bn in its Q1 2021 13F filing. Its largest position is BRK/B at 12.1% of the reported book, followed by KMX and AME. Versus Q4 2020 it opened 1 new position, added to 29, reduced 6 and exited 1.
$1.5bn 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.
12.1% Largest position The largest single position as a share of the reported equity book.
60.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
18 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 Q4 2020: 1 new , 29 added , 6 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 12.1% $180m 705,719 +2.2% added KMX CARMAX INC Consumer Cyclical 9.5% $142m 1.07m −4.2% reduced AME AMETEK INC Industrials 6.1% $91.7m 717,954 +0.8% added MKL MARKEL GROUP INC Financial Services 5.2% $77.6m 68,082 +46% added GOOG ALPHABET INC Communication Services 5.2% $77.1m 37,279 +0.6% added NVR NVR INC Consumer Cyclical 4.6% $68.5m 14,549 +1.8% added META META PLATFORMS INC Communication Services 4.6% $68.2m 231,615 +5.5% added V VISA INC Financial Services 4.5% $67.0m 316,218 +3.6% added SCHW SCHWAB CHARLES CORP Financial Services 4.5% $66.6m 1.02m +2.4% added PGR PROGRESSIVE CORP Financial Services 4.3% $64.6m 675,502 +3.3% added HEI/A HEICO CORP NEW – 4.2% $62.5m 550,321 +2.7% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 3.9% $58.4m 407,590 +0.8% added FIVE FIVE BELOW INC Consumer Cyclical 3.9% $57.9m 303,705 +2.0% added JPM JPMORGAN CHASE & CO Financial Services 3.6% $54.0m 354,432 +2.6% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 3.4% $50.3m 524,553 +1.7% added BAC BANK OF AMER CORP Financial Services 3.3% $49.9m 1.29m +0.9% added SNBRQ SLEEP NUMBER CORP Consumer Cyclical 3.3% $48.8m 339,846 +3.1% added DIS DISNEY WALT CO Communication Services 2.3% $34.7m 187,998 −0.2% held EW EDWARDS LIFESCIENCES CORP Healthcare 2.2% $32.6m 390,140 +0.6% added ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2.1% $31.7m 283,701 +3.2% added ATHM AUTOHOME INC Communication Services 2.0% $30.4m 325,678 +3.3% added GOOGL ALPHABET INC Communication Services 1.2% $17.9m 8,658 +1.4% added HCSG HEALTHCARE SVCS GROUP INC Healthcare 0.7% $10.2m 364,312 +0.7% added OZK BANK OZK LITTLE ROCK ARK Financial Services 0.5% $7.2m 176,670 −50% reduced SSNC SS&C TECHNOLOGIES HLDGS INC Technology 0.4% $6.1m 87,124 +3.9% added ANET ARISTA NETWORKS INC Technology 0.3% $5.2m 17,132 +5.0% added CACC CREDIT ACCEP CORP MICH Financial Services 0.3% $3.9m 10,703 +9.7% added MA MASTERCARD INC Financial Services 0.2% $3.6m 9,989 +3.6% added 8L8C LIBERTY BROADBAND CORP – 0.2% $3.3m 21,730 +4.5% added FRCB FIRST REP BK SAN FRANCISCO C Financial Services 0.2% $3.2m 19,409 +4.0% added BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $3.1m 8 0.0% held JECUSD JACOBS ENGR GROUP INC – 0.1% $2.1m 16,089 +0.4% held SPY SPDR S&P 500 ETF Trust – 0.1% $1.9m 4,852 −1.7% reduced AMZN AMAZON COM INC Consumer Cyclical 0.1% $1.5m 490 +5.2% added AAPL APPLE INC Technology 0.10% $1.4m 11,819 −0.7% reduced LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.09% $1.4m 4,615 0.0% held TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.07% $1.1m 9,277 −1.1% reduced ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.07% $978k 4,067 0.0% held MSFT MICROSOFT CORP Technology 0.06% $844k 3,578 0.0% held BROOKFIELD ASSET MGMT INC no ticker – 0.05% $756k 16,989 0.0% held LFUS LITTELFUSE INC Technology 0.05% $737k 2,788 0.0% held SBUX STARBUCKS CORP Consumer Cyclical 0.05% $691k 6,327 0.0% held TJX TJX COS INC NEW Consumer Cyclical 0.04% $556k 8,404 −79% reduced ROP ROPER TECHNOLOGIES INC Technology 0.04% $538k 1,335 +7.2% added SLV ISHARES SILVER TRUST – 0.03% $522k 23,000 0.0% held FAST FASTENAL CO Industrials 0.03% $450k 8,954 0.0% held NVO NOVO-NORDISK A S Healthcare 0.03% $418k 6,200 0.0% held KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 0.03% $387k 8,046 0.0% held IYF ISHARES TR – 0.02% $233k 3,110 – new ISRG INTUITIVE SURGICAL INC Healthcare 0.01% $100k 135 0.0% held
Exited since Q4 2020 1 row
Stock Prior weight Prior value W WAYFAIR INC 0.03% $344k
Sector mix Financial Services 28.7% Consumer Cyclical 21.5% Unclassified 17.0% Communication Services 15.3% Industrials 9.6% Technology 5.0% Healthcare 2.9% 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