Funds › Giverny Capital (François Rochon) › Q2 2022Giverny Capital (François Rochon) 13F holdings, Q2 2022 Giverny Capital (François Rochon) disclosed 63 US equity positions worth $1.5bn in its Q2 2022 13F filing. Its largest position is BRK/B at 8.2% of the reported book, followed by KMX and MKL. Versus Q1 2022 it opened 2 new positions, added to 33, reduced 1 and exited 2.
$1.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
63 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.2% Largest position The largest single position as a share of the reported equity book.
57.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
22 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 2022: 2 new , 33 added , 1 reduced , 2 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 8.2% $125m 457,702 +4.5% added KMX CARMAX INC Consumer Cyclical 7.1% $108m 1.20m +3.9% added MKL MARKEL GROUP INC Financial Services 6.9% $104m 80,529 +2.5% added GOOG ALPHABET INC Communication Services 6.3% $96.3m 44,012 +5.8% added AME AMETEK INC Industrials 6.0% $91.0m 827,669 +2.7% added SCHW SCHWAB CHARLES CORP Financial Services 5.0% $75.4m 1.19m +3.5% added HEI/A HEICO CORP NEW – 4.6% $69.3m 657,751 +4.1% added V VISA INC Financial Services 4.6% $69.2m 351,620 +2.5% added FIVE FIVE BELOW INC Consumer Cyclical 4.6% $69.1m 609,291 +23% added PGR PROGRESSIVE CORP Financial Services 4.4% $67.3m 578,839 −20% reduced NVR NVR INC Consumer Cyclical 4.4% $66.1m 16,512 +5.0% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 4.2% $63.2m 458,119 +5.1% added MTB M & T BK CORP Financial Services 3.1% $47.6m 298,520 +2.7% added META META PLATFORMS INC Communication Services 2.8% $42.5m 263,790 +2.6% added SSNC SS&C TECHNOLOGIES HLDGS INC Technology 2.7% $40.7m 700,520 +4.3% added EW EDWARDS LIFESCIENCES CORP Healthcare 2.6% $39.6m 416,882 +2.9% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 2.4% $37.0m 618,147 +6.5% added IBP INSTALLED BLDG PRODS INC Consumer Cyclical 2.2% $33.9m 407,893 +2.6% added ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2.1% $32.4m 344,403 +4.1% added JPM JPMORGAN CHASE & CO Financial Services 2.1% $32.0m 284,157 +2.8% added CIEN CIENA CORP Technology 2.0% $30.8m 674,517 +4.4% added BAC BANK OF AMER CORP Financial Services 1.9% $28.9m 928,977 +5.3% added DIS DISNEY WALT CO Communication Services 1.4% $21.0m 222,976 +6.4% added GOOGL ALPHABET INC Communication Services 1.4% $20.9m 9,603 +1.9% added LFUS LITTELFUSE INC Technology 1.2% $17.6m 69,179 +2397% added ATHM AUTOHOME INC Communication Services 0.9% $13.3m 338,167 +2.3% added SNBRQ SLEEP NUMBER CORP Consumer Cyclical 0.8% $11.8m 382,403 +6.0% added ANET ARISTA NETWORKS INC Technology 0.6% $8.5m 90,579 +2.1% added OZK BANK OZK LITTLE ROCK ARK Financial Services 0.5% $7.8m 208,055 +2.3% added CACC CREDIT ACCEP CORP MICH Financial Services 0.5% $7.3m 15,522 +3.0% added MA MASTERCARD INC Financial Services 0.3% $4.7m 15,010 +0.4% held FRCB FIRST REP BK SAN FRANCISCO C Financial Services 0.3% $4.2m 29,056 +2.8% added ADI ANALOG DEVICES INC Technology 0.2% $3.7m 25,386 +455% added II-VI INC no ticker – 0.2% $3.7m 71,663 +0.3% held BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $3.3m 8 0.0% held FND FLOOR & DECOR HLDGS INC Consumer Cyclical 0.2% $3.2m 50,835 – new AAPL APPLE INC Technology 0.1% $2.0m 14,638 0.0% held SPY SPDR S&P 500 ETF Trust – 0.1% $1.8m 4,770 0.0% held LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.08% $1.3m 4,615 0.0% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.07% $1.0m 4,067 0.0% held MSFT MICROSOFT CORP Technology 0.06% $919k 3,578 0.0% held BROOKFIELD ASSET MGMT INC no ticker – 0.05% $756k 16,989 0.0% held CPRT COPART INC Industrials 0.05% $747k 6,871 – new GLD SPDR GOLD TRUST – 0.05% $718k 4,265 0.0% held NVO NOVO-NORDISK A S Healthcare 0.05% $691k 6,200 0.0% held TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.04% $674k 8,240 0.0% held ROP ROPER TECHNOLOGIES INC Technology 0.04% $576k 1,460 0.0% held BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.04% $574k 5,051 +1.5% added BOOT BOOT BARN HLDGS INC Consumer Cyclical 0.04% $569k 8,253 0.0% held LEVI LEVI STRAUSS & CO NEW Consumer Cyclical 0.04% $538k 32,939 0.0% held
Exited since Q1 2022 2 rows
Stock Prior weight Prior value 8L8C LIBERTY BROADBAND CORP 0.3% $4.7m UNH UNITEDHEALTH GROUP INC 0.07% $1.2m
Sector mix Financial Services 31.7% Consumer Cyclical 19.5% Unclassified 13.5% Communication Services 12.8% Technology 11.1% Industrials 8.6% Healthcare 2.7% Consumer Defensive 0.01% 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