Funds › Giverny Capital (François Rochon) › Q3 2024Giverny Capital (François Rochon) 13F holdings, Q3 2024 Giverny Capital (François Rochon) disclosed 52 US equity positions worth $2.6bn in its Q3 2024 13F filing. Its largest position is BRK/B at 8.6% of the reported book, followed by META and AME. Versus Q2 2024 it opened 5 new positions, added to 27, reduced 3 and exited 3.
$2.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.6% Largest position The largest single position as a share of the reported equity book.
55.0% 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 Q2 2024: 5 new , 27 added , 3 reduced , 3 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 8.6% $225m 489,311 +1.0% added META META PLATFORMS INC Communication Services 6.7% $177m 309,942 +4.1% added AME AMETEK INC Industrials 6.3% $165m 959,222 +2.4% added HEI/A HEICO CORP NEW – 5.7% $149m 732,993 +1.3% added PGR PROGRESSIVE CORP Financial Services 5.2% $136m 536,693 +0.4% held NVR NVR INC Consumer Cyclical 5.0% $131m 13,307 +1.0% added KMX CARMAX INC Consumer Cyclical 4.8% $127m 1.64m +2.6% added IBP INSTALLED BLDG PRODS INC Consumer Cyclical 4.6% $120m 487,115 +3.3% added GOOG ALPHABET INC Communication Services 4.1% $108m 646,180 −0.2% held V VISA INC Financial Services 4.1% $108m 391,760 +1.2% added FISV FISERV INC – 3.4% $90.1m 501,278 +3.4% added BKNG BOOKING HOLDINGS INC Consumer Cyclical 3.3% $86.4m 20,515 +2.6% added KEYS KEYSIGHT TECHNOLOGIES INC Technology 2.9% $76.5m 481,070 +0.3% held MEDP MEDPACE HLDGS INC Healthcare 2.9% $75.8m 227,072 +21% added SBUX STARBUCKS CORP Consumer Cyclical 2.7% $70.0m 718,004 +0.3% held MKL MARKEL GROUP INC Financial Services 2.5% $67.0m 42,684 +2.9% added MTB M & T BK CORP Financial Services 2.4% $64.2m 360,591 +4.4% added FIVE FIVE BELOW INC Consumer Cyclical 2.4% $64.1m 725,249 +3.9% added SCHW SCHWAB CHARLES CORP Financial Services 2.3% $60.6m 935,772 +7.6% added GOOGL ALPHABET INC Communication Services 2.2% $57.5m 346,704 +12% added OZK BANK OZK LITTLE ROCK ARK Financial Services 2.0% $51.5m 1.20m +0.2% held ADI ANALOG DEVICES INC Technology 1.8% $47.4m 206,111 +2.8% added ANET ARISTA NETWORKS INC Technology 1.6% $40.9m 106,670 +9.3% added KNSL KINSALE CAP GROUP INC Financial Services 1.5% $40.2m 86,315 +164% added FBIN FORTUNE BRANDS INNOVATIONS I Industrials 1.5% $39.9m 446,106 +0.1% held BAC BANK OF AMER CORP Financial Services 1.5% $39.3m 990,048 +0.4% held LULU LULULEMON ATHLETICA INC Consumer Cyclical 1.5% $38.4m 141,477 +8.7% added EW EDWARDS LIFESCIENCES CORP Healthcare 1.1% $29.5m 446,288 +0.1% held FND FLOOR & DECOR HLDGS INC Consumer Cyclical 1.1% $28.6m 230,681 −17% reduced DIS DISNEY WALT CO Communication Services 0.9% $23.6m 245,548 +5.3% added LFUS LITTELFUSE INC Technology 0.8% $21.0m 79,015 +0.4% held CACC CREDIT ACCEP CORP MICH Financial Services 0.5% $13.0m 29,258 +17% added MA MASTERCARD INC Financial Services 0.5% $12.6m 25,546 +8.6% added JPM JPMORGAN CHASE & CO Financial Services 0.3% $9.1m 43,324 +7.7% added ALGN ALIGN TECHNOLOGY INC Healthcare 0.3% $8.4m 32,993 +10% added BRK/A BERKSHIRE HATHAWAY INC DEL – 0.2% $4.8m 7 0.0% held SPY SPDR S&P 500 ETF Trust – 0.1% $2.7m 4,752 0.0% held ICE INTERCONTINENTAL EXCHANGE IN Financial Services 0.1% $2.7m 16,799 – new TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.10% $2.5m 14,550 +78% added AAPL APPLE INC Technology 0.09% $2.3m 9,852 −1.7% reduced COF CAPITAL ONE FINL CORP Financial Services 0.08% $2.2m 14,774 – new YUMC YUM CHINA HLDGS INC Consumer Cyclical 0.06% $1.6m 36,036 – new NVO NOVO-NORDISK A S Healthcare 0.06% $1.5m 12,400 0.0% held CPRT COPART INC Industrials 0.05% $1.4m 27,484 0.0% held ITB ISHARES TR – 0.05% $1.3m 10,299 −18% reduced DFH DREAM FINDERS HOMES INC Consumer Cyclical 0.04% $1.2m 32,202 0.0% held LIBERTY MEDIA CORP DEL no ticker – 0.04% $1.2m 15,000 – new ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.04% $1.0m 5,255 +11% added GLD SPDR GOLD TRUST – 0.04% $1.0m 4,206 0.0% held SLV ISHARES SILVER TRUST – 0.02% $653k 23,000 0.0% held
Exited since Q2 2024 3 rows
Stock Prior weight Prior value FERGUSON PLC NEW no ticker 0.2% $5.8m ABNB AIRBNB INC 0.05% $1.1m GBTC GRAYSCALE BITCOIN TRUST ETF 0.02% $396k
Sector mix Consumer Cyclical 25.4% Financial Services 23.1% Unclassified 18.1% Communication Services 13.9% Industrials 7.9% Technology 7.2% Healthcare 4.4% 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