Funds › Giverny Capital (François Rochon) › Q3 2022Giverny Capital (François Rochon) 13F holdings, Q3 2022 Giverny Capital (François Rochon) disclosed 63 US equity positions worth $1.5bn in its Q3 2022 13F filing. Its largest position is BRK/B at 8.4% of the reported book, followed by AME and MKL. Versus Q2 2022 it opened 1 new position, added to 32, 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.
63 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.4% Largest position The largest single position as a share of the reported equity book.
58.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
23 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 Q2 2022: 1 new , 32 added , 6 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 8.4% $124m 462,807 +1.1% added AME AMETEK INC Industrials 6.5% $96.0m 846,848 +2.3% added MKL MARKEL GROUP INC Financial Services 6.0% $89.1m 82,153 +2.0% added SCHW SCHWAB CHARLES CORP Financial Services 6.0% $88.3m 1.23m +2.9% added GOOG ALPHABET INC Communication Services 5.8% $85.9m 893,040 +1929% added FIVE FIVE BELOW INC Consumer Cyclical 5.7% $84.9m 616,382 +1.2% added KMX CARMAX INC Consumer Cyclical 5.5% $81.0m 1.23m +2.6% added HEI/A HEICO CORP NEW – 5.2% $76.2m 665,048 +1.1% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 5.0% $73.2m 465,237 +1.6% added V VISA INC Financial Services 4.3% $64.0m 360,179 +2.4% added MTB M & T BK CORP Financial Services 3.6% $53.3m 302,370 +1.3% added PGR PROGRESSIVE CORP Financial Services 3.5% $52.4m 450,924 −22% reduced NVR NVR INC Consumer Cyclical 3.4% $50.6m 12,696 −23% reduced META META PLATFORMS INC Communication Services 2.5% $36.4m 268,430 +1.8% added EW EDWARDS LIFESCIENCES CORP Healthcare 2.4% $35.5m 430,196 +3.2% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 2.3% $34.1m 635,395 +2.8% added SSNC SS&C TECHNOLOGIES HLDGS INC Technology 2.3% $34.0m 712,786 +1.8% added IBP INSTALLED BLDG PRODS INC Consumer Cyclical 2.3% $33.5m 413,974 +1.5% added ICE INTERCONTINENTAL EXCHANGE IN Financial Services 2.1% $31.7m 350,613 +1.8% added FRCB FIRST REP BK SAN FRANCISCO C Financial Services 1.9% $28.6m 219,420 +655% added BAC BANK OF AMER CORP Financial Services 1.9% $28.1m 931,088 +0.2% held CIEN CIENA CORP Technology 1.9% $27.6m 682,286 +1.2% added DIS DISNEY WALT CO Communication Services 1.4% $21.2m 225,258 +1.0% added GOOGL ALPHABET INC Communication Services 1.3% $19.1m 199,944 +1982% added LULU LULULEMON ATHLETICA INC Consumer Cyclical 1.1% $16.8m 59,953 +1199% added FND FLOOR & DECOR HLDGS INC Consumer Cyclical 1.1% $16.6m 235,613 +363% added LFUS LITTELFUSE INC Technology 0.9% $13.9m 69,928 +1.1% added SNBRQ SLEEP NUMBER CORP Consumer Cyclical 0.9% $13.1m 386,262 +1.0% added ANET ARISTA NETWORKS INC Technology 0.7% $10.6m 93,983 +3.8% added ATHM AUTOHOME INC Communication Services 0.7% $9.8m 341,881 +1.1% added OZK BANK OZK LITTLE ROCK ARK Financial Services 0.6% $8.3m 211,023 +1.4% added CACC CREDIT ACCEP CORP MICH Financial Services 0.5% $7.2m 16,534 +6.5% added MA MASTERCARD INC Financial Services 0.3% $4.4m 15,507 +3.3% added ADI ANALOG DEVICES INC Technology 0.2% $3.6m 26,135 +3.0% added BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $3.3m 8 0.0% held JPM JPMORGAN CHASE & CO Financial Services 0.2% $3.0m 28,519 −90% reduced COHR COHERENT CORP Technology 0.2% $2.6m 74,202 – new AAPL APPLE INC Technology 0.1% $2.0m 14,638 0.0% held SPY SPDR S&P 500 ETF Trust – 0.1% $1.7m 4,761 −0.2% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.07% $1.0m 4,067 0.0% held MSFT MICROSOFT CORP Technology 0.06% $833k 3,578 0.0% held CPRT COPART INC Industrials 0.05% $731k 6,871 0.0% held BROOKFIELD ASSET MGMT INC no ticker – 0.05% $681k 16,650 −2.0% reduced GLD SPDR GOLD TRUST – 0.04% $660k 4,265 0.0% held NVO NOVO-NORDISK A S Healthcare 0.04% $618k 6,200 0.0% held TJX TJX COS INC NEW Consumer Cyclical 0.04% $571k 9,197 0.0% held TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.04% $565k 8,240 0.0% held SBUX STARBUCKS CORP Consumer Cyclical 0.04% $528k 6,265 −0.9% reduced ROP ROPER TECHNOLOGIES INC Technology 0.04% $525k 1,460 0.0% held BOOT BOOT BARN HLDGS INC Consumer Cyclical 0.03% $482k 8,253 0.0% held
Exited since Q2 2022 1 row
Stock Prior weight Prior value II-VI INC no ticker 0.2% $3.7m
Sector mix Financial Services 31.1% Consumer Cyclical 20.2% Unclassified 14.0% Communication Services 11.7% Technology 11.5% Industrials 9.0% Healthcare 2.5% 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