Giverny Capital 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Giverny Capital disclosed 50 US equity positions worth $3.0bn in its Q4 2025 13F filing. The largest position was BRK/B at 8.5% of the reported book, followed by META and AME. Against the Q3 2025 filing, it opened 2 new positions, added to 18 and reduced 3 among the top 50 holdings.
What did Giverny Capital own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BRK/B BERKSHIRE HATHAWAY INC DEL | 8.5% | $254.3m | 505,984 | -1% | reduced | |
| 2 | META META PLATFORMS INC | Communication Services | 6.9% | $206.9m | 313,449 | 1% | added |
| 3 | AME AMETEK INC | Industrials | 6.7% | $201.1m | 979,458 | -2% | reduced |
| 4 | GOOG ALPHABET INC C | Communication Services | 6.7% | $200.7m | 639,507 | 0% | held |
| 5 | HEI/A HEICO CORP NEW | 6.4% | $190.5m | 754,532 | 1% | added | |
| 6 | SCHW SCHWAB CHARLES CORP | Financial Services | 5.3% | $158.4m | 1,585,661 | 1% | added |
| 7 | MEDP MEDPACE HOLDINGS INC | Healthcare | 4.9% | $147.9m | 263,320 | 1% | added |
| 8 | V VISA INC | Financial Services | 4.8% | $142.9m | 407,345 | 0% | held |
| 9 | IBP INSTALLED BLDG PRODS INC | Consumer Cyclical | 4.5% | $134.7m | 519,236 | 1% | added |
| 10 | PGR PROGRESSIVE CORP | Financial Services | 4.1% | $122.2m | 536,832 | 1% | added |
| 11 | FIVE FIVE BELOW INC | Consumer Cyclical | 4.0% | $120.1m | 637,747 | 0% | held |
| 12 | BKNG BOOKING HOLDINGS INC. | Consumer Cyclical | 3.8% | $114.8m | 21,445 | 0% | held |
| 13 | GOOGL ALPHABET INC | Communication Services | 3.8% | $113.1m | 361,398 | 1% | added |
| 14 | NVR NVR INC | Consumer Cyclical | 3.4% | $102.9m | 14,112 | 0% | held |
| 15 | MKL MARKEL CORP | Financial Services | 3.2% | $94.5m | 43,978 | 0% | held |
| 16 | KNSL KINSALE CAPITAL GROUP IN | Financial Services | 2.8% | $83.8m | 214,264 | 12% | added |
| 17 | KEYS KEYSIGHT TECHNOLOGIES INC | Technology | 2.3% | $67.9m | 334,046 | 0% | held |
| 18 | DIS DISNEY WALT CO | Communication Services | 2.1% | $61.9m | 544,419 | 109% | added |
| 19 | BRO BROWN & BROWN | Financial Services | 2.1% | $61.6m | 772,520 | 140% | added |
| 20 | OZK BANK OZK LITTLE ROCK ARK | Financial Services | 1.9% | $58.2m | 1,264,042 | 0% | held |
| 21 | RMD RESMED INC | Healthcare | 1.9% | $56.7m | 235,388 | -0% | held |
| 22 | ANET ARISTA NETWORKS INC | Technology | 1.8% | $54.9m | 419,158 | 2% | added |
| 23 | ADI ANALOG DEVICES INC | Technology | 1.6% | $47.9m | 176,747 | 0% | held |
| 24 | BFAM BRIGHT HORIZONSFAMILY SOLUTION | Consumer Cyclical | 1.4% | $41.6m | 410,196 | – | new |
| 25 | LULU LULULEMON ATHLETICA INC | Consumer Cyclical | 1.0% | $30.0m | 144,237 | 0% | held |
| 26 | LFUS LITTELFUSE INC | Technology | 0.7% | $20.6m | 81,585 | 0% | held |
| 27 | JPM JPMORGAN CHASE & CO | Financial Services | 0.6% | $16.7m | 51,838 | 2% | added |
| 28 | MA MASTERCARD INCORPORATED | Financial Services | 0.5% | $16.4m | 28,759 | 4% | added |
| 29 | FND FLOOR & DECOR HLDGS INC | Consumer Cyclical | 0.5% | $14.4m | 235,876 | -0% | held |
| 30 | TWFG TWFG INC | 0.3% | $9.5m | 331,511 | 10% | added | |
| 31 | BLDR BUILDERS FIRSTSOURCE INC | Industrials | 0.3% | $9.3m | 89,984 | 3% | added |
| 32 | BRK/A BERKSHIRE HATHAWAY INC DEL | 0.3% | $8.3m | 11 | 0% | held | |
| 33 | FERG FERGUSON ENTERPRISES INC | Industrials | 0.3% | $8.1m | 36,374 | 2% | added |
| 34 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.2% | $4.8m | 16,069 | 97% | added |
| 35 | AAPL APPLE INC | Technology | 0.1% | $4.5m | 16,518 | -2% | reduced |
| 36 | COF CAPITAL ONE FC | Financial Services | 0.1% | $2.0m | 8,274 | -0% | held |
| 37 | YUMC YUM CHINA HLDGS INC | Consumer Cyclical | 0.1% | $1.7m | 36,036 | 0% | held |
| 38 | SPY SPDR S&P 500 ETF | 0.1% | $1.7m | 2,474 | 0% | held | |
| 39 | GLD SPDR GOLD TR | 0.1% | $1.5m | 3,876 | 0% | held | |
| 40 | MTB M & T BK CORP | Financial Services | 0.1% | $1.5m | 7,540 | 0% | held |
| 41 | ITB ISHARES TR | 0.0% | $1.1m | 11,698 | 1% | added | |
| 42 | BIRK BIRKENSTOCK HLDG PLC | Consumer Cyclical | 0.0% | $1.1m | 27,392 | 0% | held |
| 43 | CPRT COPART INC | Industrials | 0.0% | $1.1m | 27,484 | 0% | held |
| 44 | MSFT MICROSOFT CORP | Technology | 0.0% | $824.1k | 1,704 | 0% | held |
| 45 | ODFL OLD DOMINION FREIGHT LINE IN | Industrials | 0.0% | $824.0k | 5,255 | 0% | held |
| 46 | NVO NOVO-NORDISK A S | Healthcare | 0.0% | $630.9k | 12,400 | 0% | held |
| 47 | DFH DREAM FINDERS HOMES | Consumer Cyclical | 0.0% | $550.7k | 32,202 | 0% | held |
| 48 | SITE SITEONE LANDSCAPE SUPPLY INC | Industrials | 0.0% | $467.5k | 3,753 | 0% | held |
| 49 | ISRG INTUITIVE SURGICAL INC | Healthcare | 0.0% | $229.4k | 405 | – | new |
| 50 | COST COSTCO WHSL CORP NEW | Consumer Defensive | 0.0% | $207.0k | 240 | 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.