Giverny Capital 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Giverny Capital disclosed 52 US equity positions worth $3.0bn in its Q3 2025 13F filing. The largest position was BRK/B at 8.7% of the reported book, followed by META and HEI/A. Against the Q2 2025 filing, it opened 1 new position, added to 7 and reduced 10 among the top 50 holdings.
What did Giverny Capital own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BRK/B BERKSHIRE HATHAWAY INC DEL | 8.7% | $256.7m | 510,644 | -0% | held | |
| 2 | META META PLATFORMS INC | Communication Services | 7.8% | $229.0m | 311,810 | -2% | reduced |
| 3 | HEI/A HEICO CORP NEW | 6.5% | $190.4m | 749,501 | 0% | held | |
| 4 | AME AMETEK INC | Industrials | 6.3% | $187.4m | 996,676 | 0% | held |
| 5 | GOOG ALPHABET INC C | Communication Services | 5.3% | $155.4m | 638,213 | -2% | reduced |
| 6 | SCHW SCHWAB CHARLES CORP | Financial Services | 5.1% | $150.4m | 1,575,776 | 1% | added |
| 7 | V VISA INC | Financial Services | 4.7% | $138.4m | 405,520 | 1% | added |
| 8 | MEDP MEDPACE HOLDINGS INC | Healthcare | 4.6% | $134.6m | 261,802 | 0% | held |
| 9 | PGR PROGRESSIVE CORP | Financial Services | 4.5% | $131.8m | 533,889 | 3% | added |
| 10 | IBP INSTALLED BLDG PRODS INC | Consumer Cyclical | 4.3% | $127.0m | 514,736 | 0% | held |
| 11 | BKNG BOOKING HOLDINGS INC. | Consumer Cyclical | 3.9% | $115.2m | 21,343 | 0% | held |
| 12 | NVR NVR INC | Consumer Cyclical | 3.8% | $113.1m | 14,075 | 0% | held |
| 13 | FIVE FIVE BELOW INC | Consumer Cyclical | 3.3% | $98.6m | 637,090 | 2% | added |
| 14 | GOOGL ALPHABET INC | Communication Services | 3.0% | $87.3m | 359,143 | -5% | reduced |
| 15 | FISV FISERV INC | 2.8% | $84.0m | 651,257 | 0% | held | |
| 16 | MKL MARKEL CORP | Financial Services | 2.8% | $83.8m | 43,829 | 0% | held |
| 17 | KNSL KINSALE CAPITAL GROUP IN | Financial Services | 2.7% | $81.0m | 190,462 | 6% | added |
| 18 | KMX CARMAX INC | Consumer Cyclical | 2.5% | $74.9m | 1,670,114 | 1% | added |
| 19 | RMD RESMED INC | Healthcare | 2.2% | $64.4m | 235,418 | – | new |
| 20 | OZK BANK OZK LITTLE ROCK ARK | Financial Services | 2.2% | $64.3m | 1,261,960 | 0% | held |
| 21 | ANET ARISTA NETWORKS INC | Technology | 2.0% | $60.1m | 412,399 | -15% | reduced |
| 22 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 2.0% | $58.4m | 333,927 | 0% | held |
| 23 | ADI ANALOG DEVICES INC | Technology | 1.5% | $43.4m | 176,468 | 0% | held |
| 24 | BRO BROWN & BROWN | Financial Services | 1.0% | $30.2m | 322,246 | 0% | held |
| 25 | DIS DISNEY WALT CO | Communication Services | 1.0% | $29.8m | 260,400 | -0% | held |
| 26 | LULU LULULEMON ATHLETICA INC | Consumer Cyclical | 0.9% | $25.6m | 144,001 | 0% | held |
| 27 | LFUS LITTELFUSE INC | Technology | 0.7% | $21.0m | 81,257 | 0% | held |
| 28 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.6% | $17.4m | 236,148 | 0% | held |
| 29 | JPM JPMORGAN CHASE & CO | Financial Services | 0.5% | $16.0m | 50,705 | -0% | held |
| 30 | MA MASTERCARD INCORPORATED | Financial Services | 0.5% | $15.8m | 27,724 | -0% | held |
| 31 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 0.4% | $10.6m | 87,096 | -0% | held |
| 32 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.3% | $8.5m | 11 | 0% | held | |
| 33 | TWFG TWFG INC | 0.3% | $8.2m | 300,317 | 69% | added | |
| 34 | FERG FERGUSON ENTERPRISES INC | Industrials | 0.3% | $8.0m | 35,503 | -0% | held |
| 35 | ALGN ALIGN TECHNOLOGY INC | Healthcare | 0.2% | $5.7m | 45,691 | -1% | reduced |
| 36 | AAPL APPLE INC | Technology | 0.1% | $4.3m | 16,875 | -1% | reduced |
| 37 | CACC CREDIT ACCEP CORP MICH | Financial Services | 0.1% | $2.6m | 6,874 | -77% | reduced |
| 38 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.1% | $2.3m | 8,163 | -29% | reduced |
| 39 | COF CAPITAL ONE FC | Financial Services | 0.1% | $1.8m | 8,275 | -11% | reduced |
| 40 | SPY SPDR S&P 500 ETF | 0.1% | $1.6m | 2,474 | 0% | held | |
| 41 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 0.1% | $1.5m | 36,036 | 0% | held |
| 42 | MTB M & T BK CORP | Financial Services | 0.1% | $1.5m | 7,540 | 0% | held |
| 43 | GLD SPDR GOLD TR | 0.0% | $1.4m | 3,876 | 0% | held | |
| 44 | ITB ISHARES TR | 0.0% | $1.2m | 11,561 | 0% | held | |
| 45 | BIRK BIRKENSTOCK HLDG PLC | Consumer Cyclical | 0.0% | $1.2m | 27,392 | 0% | held |
| 46 | CPRT COPART INC | Industrials | 0.0% | $1.2m | 27,484 | 0% | held |
| 47 | MSFT MICROSOFT CORP | Technology | 0.0% | $882.1k | 1,703 | -26% | reduced |
| 48 | DFH DREAM FINDERS HOMES | Consumer Cyclical | 0.0% | $834.7k | 32,202 | 0% | held |
| 49 | ODFL OLD DOMINION FREIGHT LINE IN | Industrials | 0.0% | $739.8k | 5,255 | 0% | held |
| 50 | NVO NOVO-NORDISK A S | Healthcare | 0.0% | $688.1k | 12,400 | 0% | held |
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.