Funds › Giverny Capital (François Rochon) › Q1 2026Giverny Capital (François Rochon) 13F holdings, Q1 2026 Giverny Capital (François Rochon) disclosed 51 US equity positions worth $2.7bn in its Q1 2026 13F filing. Its largest position is BRK/B at 6.6% of the reported book, followed by GOOG and META. Versus Q4 2025 it opened 5 new positions, added to 8, reduced 29 and exited 4.
$2.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
51 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.6% Largest position The largest single position as a share of the reported equity book.
53.4% 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 2025: 5 new , 8 added , 29 reduced , 4 exited
50 of 51 Show all 51
Stock Sector Weight Value Shares Δ shares Action BRK/B BERKSHIRE HATHAWAY INC DEL – 6.6% $181m 378,625 −25% reduced GOOG ALPHABET INC Communication Services 6.5% $178m 620,909 −2.9% reduced META META PLATFORMS INC Communication Services 6.4% $176m 307,821 −1.8% reduced HEI/A HEICO CORP NEW – 5.7% $156m 738,482 −2.1% reduced SCHW SCHWAB CHARLES CORP Financial Services 5.3% $144m 1.54m −3.1% reduced FIVE FIVE BELOW INC Consumer Cyclical 5.2% $141m 617,191 −3.2% reduced AME AMETEK INC Industrials 4.8% $131m 612,058 −38% reduced MEDP MEDPACE HLDGS INC Healthcare 4.5% $123m 256,081 −2.7% reduced V VISA INC Financial Services 4.4% $120m 396,357 −2.7% reduced IBP INSTALLED BLDG PRODS INC Consumer Cyclical 3.9% $107m 403,665 −22% reduced PGR PROGRESSIVE CORP Financial Services 3.8% $105m 528,364 −1.6% reduced GOOGL ALPHABET INC Communication Services 3.7% $100m 348,469 −3.6% reduced KEYS KEYSIGHT TECHNOLOGIES INC Technology 3.3% $91.3m 323,184 −3.3% reduced NVR NVR INC Consumer Cyclical 3.3% $89.9m 13,647 −3.3% reduced BKNG BOOKING HOLDINGS INC Consumer Cyclical 3.3% $88.9m 21,117 −1.5% reduced ADP AUTOMATIC DATA PROCESSING IN Technology 3.1% $85.2m 419,090 – new MKL MARKEL GROUP INC Financial Services 3.0% $82.2m 42,944 −2.4% reduced KNSL KINSALE CAP GROUP INC Financial Services 2.7% $74.8m 218,942 +2.2% added BFAM BRIGHT HORIZONS FAM SOL IN D Consumer Cyclical 2.2% $61.0m 742,329 +81% added OZK BANK OZK LITTLE ROCK ARK Financial Services 2.1% $56.5m 1.23m −2.6% reduced ADI ANALOG DEVICES INC Technology 2.0% $54.4m 171,052 −3.2% reduced ANET ARISTA NETWORKS INC Technology 1.9% $52.0m 423,361 +1.0% added DIS DISNEY WALT CO Communication Services 1.9% $51.7m 536,514 −1.5% reduced RMD RESMED INC Healthcare 1.9% $51.6m 230,005 −2.3% reduced BRO BROWN & BROWN INC Financial Services 1.8% $49.3m 755,269 −2.2% reduced LFUS LITTELFUSE INC Technology 1.0% $27.4m 80,719 −1.1% reduced LULU LULULEMON ATHLETICA INC Consumer Cyclical 0.8% $21.8m 142,600 −1.1% reduced SUNB SUNBELT RENTALS HOLDINGS INC Industrials 0.6% $17.6m 270,843 – new AAON AAON INC Industrials 0.6% $16.7m 201,832 – new JPM JPMORGAN CHASE & CO Financial Services 0.6% $15.4m 52,298 +0.9% added MA MASTERCARD INC Financial Services 0.5% $14.0m 28,066 −2.4% reduced FND FLOOR & DECOR HLDGS INC Consumer Cyclical 0.4% $11.8m 231,829 −1.7% reduced TWFG TWFG INC – 0.4% $10.2m 552,107 +67% added FERG FERGUSON ENTERPRISES INC Industrials 0.3% $8.6m 36,728 +1.0% added BRK/A BERKSHIRE HATHAWAY INC DEL – 0.3% $7.9m 11 0.0% held BLDR BUILDERS FIRSTSOURCE INC Industrials 0.3% $7.6m 91,813 +2.0% added AAPL APPLE INC Technology 0.1% $3.8m 15,040 −8.9% reduced TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 0.1% $2.7m 8,125 −49% reduced YUMC YUM CHINA HLDGS INC Consumer Cyclical 0.06% $1.8m 36,036 0.0% held GLD SPDR GOLD TRUST – 0.06% $1.7m 3,876 0.0% held SPY SPDR S&P 500 ETF Trust – 0.06% $1.6m 2,474 0.0% held MTB M & T BK CORP Financial Services 0.06% $1.6m 7,535 −0.1% held RSP INVESCO EXCHANGE TRADED FD T – 0.04% $1.2m 6,105 – new QQQM INVESCO EXCH TRADED FD TR II – 0.04% $1.0m 4,222 – new ITB ISHARES TR – 0.04% $983k 10,854 −7.2% reduced BIRK BIRKENSTOCK HOLDING PLC Consumer Cyclical 0.04% $981k 27,392 0.0% held ODFL OLD DOMINION FREIGHT LINE IN Industrials 0.04% $978k 5,006 −4.7% reduced CPRT COPART INC Industrials 0.03% $912k 27,484 0.0% held MSFT MICROSOFT CORP Technology 0.03% $707k 1,910 +12% added SITE SITEONE LANDSCAPE SUPPLY INC Industrials 0.02% $500k 3,753 0.0% held
Exited since Q4 2025 4 rows
Stock Prior weight Prior value COF CAPITAL ONE FINL CORP 0.07% $2.0m DFH DREAM FINDERS HOMES INC 0.02% $551k ISRG INTUITIVE SURGICAL INC 0.01% $229k COST COSTCO WHOLESALE CORPORATION 0.01% $207k
Sector mix Financial Services 24.3% Consumer Cyclical 19.2% Communication Services 18.5% Unclassified 13.2% Technology 11.6% Industrials 6.7% Healthcare 6.4% 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