Giverny Capital 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Giverny Capital disclosed 54 US equity positions worth $2.7bn in its Q1 2025 13F filing. The largest position was BRK/B at 9.9% of the reported book, followed by META and AME. Against the Q4 2024 filing, it opened 2 new positions, added to 12 and reduced 12 among the top 50 holdings.
What did Giverny Capital own in Q1 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | BRK/B BERKSHIRE HATHAWAY INC DEL | 9.9% | $268.1m | 503,332 | -0% | held | |
| 2 | META META PLATFORMS INC | Communication Services | 6.7% | $181.6m | 315,144 | 0% | held |
| 3 | AME AMETEK INC | Industrials | 6.2% | $168.3m | 977,434 | 0% | held |
| 4 | HEI/A HEICO CORP NEW | 5.8% | $156.5m | 742,011 | 0% | held | |
| 5 | PGR PROGRESSIVE CORP | Financial Services | 5.5% | $149.8m | 529,154 | -3% | reduced |
| 6 | FISV FISERV INC | 5.1% | $139.0m | 629,633 | -0% | held | |
| 7 | V VISA INC | Financial Services | 5.1% | $137.9m | 393,549 | -1% | reduced |
| 8 | KMX CARMAX INC | Consumer Cyclical | 4.7% | $127.9m | 1,641,622 | -2% | reduced |
| 9 | GOOG ALPHABET INC C | Communication Services | 3.8% | $101.8m | 651,446 | -1% | reduced |
| 10 | NVR NVR INC | Consumer Cyclical | 3.6% | $97.7m | 13,490 | -1% | reduced |
| 11 | BKNG BOOKING HOLDINGS INC. | Consumer Cyclical | 3.6% | $97.4m | 21,132 | -0% | held |
| 12 | IBP INSTALLED BLDG PRODS INC | Consumer Cyclical | 3.2% | $87.1m | 508,073 | 1% | added |
| 13 | KNSL KINSALE CAPITAL GROUP IN | Financial Services | 3.0% | $82.7m | 169,967 | 87% | added |
| 14 | MKL MARKEL CORP | Financial Services | 3.0% | $81.1m | 43,402 | 0% | held |
| 15 | MEDP MEDPACE HOLDINGS INC | Healthcare | 2.8% | $76.8m | 251,937 | 8% | added |
| 16 | SCHW SCHWAB CHARLES CORP | Financial Services | 2.7% | $74.3m | 949,066 | 0% | held |
| 17 | SBUX STARBUCKS CORP | Consumer Cyclical | 2.7% | $73.2m | 746,686 | -0% | held |
| 18 | MTB M & T BK CORP | Financial Services | 2.4% | $65.7m | 367,532 | -0% | held |
| 19 | GOOGL ALPHABET INC | Communication Services | 2.0% | $55.6m | 359,603 | 1% | added |
| 20 | OZK BANK OZK LITTLE ROCK ARK | Financial Services | 1.9% | $52.6m | 1,209,513 | -0% | held |
| 21 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 1.8% | $49.6m | 331,011 | -0% | held |
| 22 | FIVE FIVE BELOW INC | Consumer Cyclical | 1.7% | $46.6m | 621,590 | -15% | reduced |
| 23 | BAC BANK AMERICA CORP | Financial Services | 1.5% | $41.6m | 998,001 | -0% | held |
| 24 | LULU LULULEMON ATHLETICA INC | Consumer Cyclical | 1.5% | $40.5m | 143,169 | -0% | held |
| 25 | BRO BROWN & BROWN | Financial Services | 1.4% | $36.6m | 294,603 | -0% | held |
| 26 | ANET ARISTA NETWORKS INC | Technology | 1.3% | $36.1m | 466,528 | 14% | added |
| 27 | ADI ANALOG DEVICES INC | Technology | 1.3% | $34.6m | 171,340 | -0% | held |
| 28 | DIS DISNEY WALT CO | Communication Services | 0.9% | $24.4m | 247,503 | -0% | held |
| 29 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.7% | $18.8m | 233,878 | -0% | held |
| 30 | LFUS LITTELFUSE INC | Technology | 0.6% | $15.8m | 80,504 | -0% | held |
| 31 | CACC CREDIT ACCEP CORP MICH | Financial Services | 0.6% | $15.4m | 29,851 | 1% | added |
| 32 | MA MASTERCARD INCORPORATED | Financial Services | 0.5% | $14.8m | 27,043 | 3% | added |
| 33 | JPM JPMORGAN CHASE & CO | Financial Services | 0.4% | $10.9m | 44,483 | 1% | added |
| 34 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 0.4% | $10.3m | 82,445 | – | new |
| 35 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.3% | $8.8m | 11 | 38% | added | |
| 36 | ALGN ALIGN TECHNOLOGY INC | Healthcare | 0.3% | $7.2m | 45,135 | 5% | added |
| 37 | FERG FERGUSON ENTERPRISES INC | Industrials | 0.2% | $5.5m | 34,386 | 2% | added |
| 38 | COF CAPITAL ONE FC | Financial Services | 0.1% | $2.2m | 12,274 | -17% | reduced |
| 39 | AAPL APPLE INC | Technology | 0.1% | $2.1m | 9,367 | -45% | reduced |
| 40 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.1% | $1.9m | 11,550 | -21% | reduced |
| 41 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 0.1% | $1.9m | 36,036 | 0% | held |
| 42 | CPRT COPART INC | Industrials | 0.1% | $1.6m | 27,484 | 0% | held |
| 43 | SPY SPDR S&P 500 ETF | 0.1% | $1.4m | 2,567 | -46% | reduced | |
| 44 | BLACKROCK ISHS PRM MM ETF | 0.0% | $1.3m | 12,876 | – | new | |
| 45 | BIRK BIRKENSTOCK HLDG PLC | Consumer Cyclical | 0.0% | $1.3m | 27,392 | 0% | held |
| 46 | GLD SPDR GOLD TR | 0.0% | $1.1m | 3,898 | -7% | reduced | |
| 47 | ITB ISHARES TR | 0.0% | $1.0m | 10,961 | 5% | added | |
| 48 | ODFL OLD DOMINION FREIGHT LINE IN | Industrials | 0.0% | $869.4k | 5,255 | 0% | held |
| 49 | NVO NOVO-NORDISK A S | Healthcare | 0.0% | $861.1k | 12,400 | 0% | held |
| 50 | MSFT MICROSOFT CORP | Technology | 0.0% | $745.9k | 1,987 | -16% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.