Funds › Giverny Capital (François Rochon) › Q1 2024Giverny Capital (François Rochon) 13F holdings, Q1 2024 Giverny Capital (François Rochon) disclosed 53 US equity positions worth $2.5bn in its Q1 2024 13F filing. Its largest position is BRK/B at 8.2% of the reported book, followed by AME and META. Versus Q4 2023 it opened 3 new positions, added to 30, reduced 10 and exited 9.
$2.5bn 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.
8.2% Largest position The largest single position as a share of the reported equity book.
54.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
24 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 2023: 3 new , 30 added , 10 reduced , 9 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 8.2% $202m 479,975 −0.8% reduced AME AMETEK INC Industrials 6.9% $170m 927,977 +1.9% added META META PLATFORMS INC Communication Services 5.8% $144m 295,820 +2.7% added KMX CARMAX INC Consumer Cyclical 5.6% $138m 1.58m +3.2% added MKL MARKEL GROUP INC Financial Services 5.0% $123m 80,549 +1.7% added FIVE FIVE BELOW INC Consumer Cyclical 4.9% $121m 667,190 +2.0% added IBP INSTALLED BLDG PRODS INC Consumer Cyclical 4.9% $121m 467,012 +2.5% added HEI/A HEICO CORP NEW – 4.5% $111m 718,995 +3.2% added PGR PROGRESSIVE CORP Financial Services 4.5% $110m 530,369 +4.9% added V VISA INC Financial Services 4.3% $107m 382,208 +1.4% added NVR NVR INC Consumer Cyclical 4.3% $106m 13,138 +3.7% added GOOG ALPHABET INC Communication Services 4.0% $98.3m 645,800 +1.2% added FISV FISERV INC – 3.1% $76.8m 480,246 +5.6% added MEDP MEDPACE HLDGS INC Healthcare 3.0% $74.9m 185,232 +17% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 3.0% $74.8m 478,346 +1.6% added SCHW SCHWAB CHARLES CORP Financial Services 2.5% $62.3m 861,431 +3.3% added OZK BANK OZK LITTLE ROCK ARK Financial Services 2.2% $53.0m 1.17m +388% added MTB M & T BK CORP Financial Services 2.1% $51.3m 352,670 +2.8% added LULU LULULEMON ATHLETICA INC Consumer Cyclical 2.0% $50.5m 129,251 +6.1% added GOOGL ALPHABET INC Communication Services 1.8% $44.2m 292,664 +4.8% added EW EDWARDS LIFESCIENCES CORP Healthcare 1.7% $42.6m 445,718 +1.1% added BKNG BOOKING HOLDINGS INC Consumer Cyclical 1.7% $41.0m 11,294 – new FBIN FORTUNE BRANDS INNOVATIONS I Industrials 1.6% $38.3m 452,871 −50% reduced ADI ANALOG DEVICES INC Technology 1.6% $38.3m 193,401 +3.1% added BAC BANK OF AMER CORP Financial Services 1.5% $37.4m 986,950 −4.1% reduced FND FLOOR & DECOR HLDGS INC Consumer Cyclical 1.4% $35.3m 272,357 −5.1% reduced SBUX STARBUCKS CORP Consumer Cyclical 1.4% $34.0m 371,551 +5880% added DIS DISNEY WALT CO Communication Services 1.2% $28.5m 232,766 +0.9% added ANET ARISTA NETWORKS INC Technology 1.1% $27.7m 95,613 −3.9% reduced LFUS LITTELFUSE INC Technology 0.8% $18.9m 77,961 +2.0% added CACC CREDIT ACCEP CORP MICH Financial Services 0.5% $13.3m 24,160 +6.8% added MA MASTERCARD INC Financial Services 0.4% $11.0m 22,821 +6.7% added ALGN ALIGN TECHNOLOGY INC Healthcare 0.4% $9.5m 28,871 +6.3% added KNSL KINSALE CAP GROUP INC Financial Services 0.4% $9.2m 17,610 0.0% held JPM JPMORGAN CHASE & CO Financial Services 0.3% $7.9m 39,203 +6.6% added COHR COHERENT CORP Technology 0.3% $7.1m 116,314 +7.6% added FERGUSON PLC NEW no ticker – 0.3% $6.3m 28,910 +7.2% added BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $4.4m 7 0.0% held SPY SPDR S&P 500 ETF Trust – 0.1% $2.5m 4,752 0.0% held AAPL APPLE INC Technology 0.07% $1.7m 10,027 −1.5% reduced NVO NOVO-NORDISK A S Healthcare 0.06% $1.6m 12,400 0.0% held CPRT COPART INC Industrials 0.06% $1.6m 27,484 0.0% held DFH DREAM FINDERS HOMES INC Consumer Cyclical 0.06% $1.4m 32,202 0.0% held ITB ISHARES TR – 0.05% $1.3m 11,350 −23% reduced ABNB AIRBNB INC Consumer Cyclical 0.05% $1.2m 7,055 – new TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.05% $1.1m 8,193 −0.6% reduced GLD SPDR GOLD TRUST – 0.04% $865k 4,206 0.0% held SITE SITEONE LANDSCAPE SUPPLY INC Industrials 0.03% $655k 3,753 0.0% held SLV ISHARES SILVER TRUST – 0.02% $523k 23,000 0.0% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.02% $518k 2,362 0.0% held
Exited since Q4 2023 Sector mix Consumer Cyclical 26.4% Financial Services 23.7% Unclassified 16.5% Communication Services 12.8% Industrials 8.6% Technology 6.9% Healthcare 5.2% 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