Funds › Giverny Capital (François Rochon) › Q2 2021Giverny Capital (François Rochon) 13F holdings, Q2 2021 Giverny Capital (François Rochon) disclosed 57 US equity positions worth $1.6bn in its Q2 2021 13F filing. Its largest position is BRK/B at 12.4% of the reported book, followed by KMX and AME. Versus Q1 2021 it opened 4 new positions, added to 25, reduced 10 and exited 0.
$1.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
57 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.4% Largest position The largest single position as a share of the reported equity book.
61.8% 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 Q1 2021: 4 new , 25 added , 10 reduced , 0 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 12.4% $204m 735,744 +4.3% added KMX CARMAX INC Consumer Cyclical 8.7% $143m 1.11m +3.9% added AME AMETEK INC Industrials 6.0% $98.9m 740,843 +3.2% added GOOG ALPHABET INC Communication Services 5.9% $96.7m 38,563 +3.4% added MKL MARKEL GROUP INC Financial Services 5.1% $84.6m 71,312 +4.7% added META META PLATFORMS INC Communication Services 5.0% $81.5m 234,295 +1.2% added V VISA INC Financial Services 4.7% $77.9m 333,009 +5.3% added SCHW SCHWAB CHARLES CORP Financial Services 4.7% $77.8m 1.07m +4.5% added PGR PROGRESSIVE CORP Financial Services 4.6% $75.7m 770,619 +14% added NVR NVR INC Consumer Cyclical 4.6% $75.1m 15,094 +3.7% added HEI/A HEICO CORP NEW – 4.4% $71.8m 578,552 +5.1% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 4.0% $65.6m 424,526 +4.2% added FIVE FIVE BELOW INC Consumer Cyclical 3.7% $61.0m 315,449 +3.9% added JPM JPMORGAN CHASE & CO Financial Services 3.4% $56.5m 363,488 +2.6% added BAC BANK OF AMER CORP Financial Services 3.4% $55.5m 1.35m +4.4% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 3.3% $54.4m 546,551 +4.2% added EW EDWARDS LIFESCIENCES CORP Healthcare 2.6% $42.0m 405,529 +3.9% added SNBRQ SLEEP NUMBER CORP Consumer Cyclical 2.3% $38.2m 347,140 +2.1% added DIS DISNEY WALT CO Communication Services 2.2% $35.5m 201,715 +7.3% added ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2.2% $35.4m 298,565 +5.2% added GOOGL ALPHABET INC Communication Services 1.4% $22.3m 9,125 +5.4% added ATHM AUTOHOME INC Communication Services 1.3% $22.1m 345,744 +6.2% added HCSG HEALTHCARE SVCS GROUP INC Healthcare 0.7% $11.7m 370,345 +1.7% added OZK BANK OZK LITTLE ROCK ARK Financial Services 0.5% $7.5m 179,075 +1.4% added SSNC SS&C TECHNOLOGIES HLDGS INC Technology 0.4% $5.9m 82,023 −5.9% reduced ANET ARISTA NETWORKS INC Technology 0.4% $5.8m 16,036 −6.4% reduced CACC CREDIT ACCEP CORP MICH Financial Services 0.3% $4.4m 9,727 −9.1% reduced 8L8C LIBERTY BROADBAND CORP – 0.2% $3.6m 20,482 −5.7% reduced FRCB FIRST REP BK SAN FRANCISCO C Financial Services 0.2% $3.4m 18,158 −6.4% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $3.3m 8 0.0% held MA MASTERCARD INC Financial Services 0.2% $3.3m 9,150 −8.4% reduced SPY SPDR S&P 500 ETF Trust – 0.1% $2.1m 4,852 0.0% held LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.1% $1.7m 4,615 0.0% held AAPL APPLE INC Technology 0.10% $1.6m 11,822 0.0% held AMZN AMAZON COM INC Consumer Cyclical 0.10% $1.6m 466 −4.9% reduced JECUSD JACOBS ENGR GROUP INC – 0.09% $1.5m 11,477 −29% reduced BROOKFIELD ASSET MGMT INC no ticker – 0.07% $1.1m 16,989 0.0% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.06% $1.0m 4,067 0.0% held TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.06% $990k 8,240 −11% reduced MSFT MICROSOFT CORP Technology 0.06% $969k 3,578 0.0% held LFUS LITTELFUSE INC Technology 0.04% $710k 2,788 0.0% held SBUX STARBUCKS CORP Consumer Cyclical 0.04% $707k 6,327 0.0% held MTB M & T BK CORP Financial Services 0.04% $680k 4,683 – new ROP ROPER TECHNOLOGIES INC Technology 0.04% $628k 1,335 0.0% held SLV ISHARES SILVER TRUST – 0.03% $567k 23,400 +1.7% added TJX TJX COS INC NEW Consumer Cyclical 0.03% $557k 8,264 −1.7% reduced NVO NOVO-NORDISK A S Healthcare 0.03% $519k 6,200 0.0% held FAST FASTENAL CO Industrials 0.03% $466k 8,954 0.0% held KNX KNIGHT-SWIFT TRANSN HLDGS IN Industrials 0.02% $366k 8,046 0.0% held IYF ISHARES TR – 0.02% $252k 3,110 0.0% held
Sector mix Financial Services 29.4% Consumer Cyclical 19.6% Unclassified 17.6% Communication Services 15.7% Industrials 9.4% Technology 5.0% 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