Giverny Capital (Francois Rochon) latest 13F portfolio: 51 holdings worth $3.0B as of Q2 2026.
Backtested since 2020: mirroring Giverny Capital's reported 13F equity holdings each quarter would have returned +132.1% versus +186.6%for the S&P 500 (+14.2% annualized). See the Performance tab for the full equity curve.
Investor: Francois Rochon
Number of Assets: 51
Reporting Period: Q2 - 2026
Holdings at Report: $2,974,321,189
Return $ Since Report: +$74,873,003
Return % Since Report: +2.52%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Veeva Systems Inc. (VEEV) | Equity | +100% | 94,956 | 0.57% | $177.47 | $260.91 | $16,851,841 | $24,774,970 | +$7,923,129 | +47.02% |
| Arista Networks Inc. (ANET) | Equity | -19.72% | 339,892 | 1.94% | $169.88 | $205.19 | $57,740,853 | $69,742,439 | +$12,001,586 | +20.79% |
| Booking Holdings Inc. (BKNG) | Equity | +2375.09% | 522,664 | 3.13% | $178.24 | $164.22 | $93,159,631 | $85,831,882 | -$7,327,749 | -7.87% |
| JP Morgan Chase & Co. (JPM) | Equity | -8.46% | 47,876 | 0.53% | $327.33 | $340.00 | $15,671,251 | $16,277,840 | +$606,589 | +3.87% |
| Kinsale Capital Group Inc. (KNSL) | Equity | +9.95% | 240,731 | 2.67% | $329.81 | $351.83 | $79,395,491 | $84,696,388 | +$5,300,897 | +6.68% |
| Medpace Holdings Inc. (MEDP) | Equity | -0.84% | 253,931 | 4.52% | $529.59 | $630.19 | $134,479,318 | $160,024,777 | +$25,545,459 | +19.00% |
| The Charles Schwab Corp. (SCHW) | Equity | +9.46% | 1,681,567 | 5.22% | $92.27 | $100.35 | $155,158,187 | $168,745,248 | +$13,587,061 | +8.76% |
| TWFG Inc. (TWFG) | Equity | +18.17% | 652,452 | 0.53% | $24.05 | $24.29 | $15,691,471 | $15,848,059 | +$156,588 | +1.00% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -18.18% | 9 | 0.23% | $748,850.00 | $755,649.00 | $6,739,650 | $6,800,841 | +$61,191 | +0.91% |
| Five Below Inc. (FIVE) | Equity | -3.09% | 598,122 | 3.62% | $179.79 | $232.28 | $107,536,354 | $138,931,778 | +$31,395,424 | +29.20% |
| Ishares U.S. Home Construction ETF (ITB) | Equity | +7.44% | 11,662 | 0.04% | $104.48 | $91.03 | $1,218,446 | $1,061,592 | -$156,854 | -12.87% |
| Mastercard Inc. (MA) | Equity | +2.67% | 28,816 | 0.50% | $513.60 | $555.89 | $14,799,898 | $16,018,526 | +$1,218,628 | +8.23% |
| Microsoft Corp. (MSFT) | Equity | -6.44% | 1,787 | 0.02% | $373.02 | $498.00 | $666,587 | $889,926 | +$223,339 | +33.50% |
| Resmed Inc. (RMD) | Equity | +68.55% | 387,665 | 2.54% | $194.88 | $221.97 | $75,548,155 | $86,050,000 | +$10,501,845 | +13.90% |
| Alphabet Inc. (GOOG) | Equity | -2.49% | 605,460 | 7.19% | $353.33 | $347.41 | $213,927,182 | $210,342,859 | -$3,584,323 | -1.68% |
| Analog Devices Inc. (ADI) | Equity | -45.45% | 93,310 | 1.25% | $397.17 | $390.37 | $37,059,933 | $36,425,425 | -$634,508 | -1.71% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -34.38% | 248,447 | 4.18% | $500.39 | $503.49 | $124,320,394 | $125,090,580 | +$770,186 | +0.62% |
| Builders Firstsource Inc. (BLDR) | Equity | -0.38% | 91,464 | 0.28% | $89.48 | $60.87 | $8,184,199 | $5,567,414 | -$2,616,785 | -31.97% |
| Ferguson Enterprises Inc. (FERG) | Equity | +1.78% | 37,380 | 0.30% | $237.33 | $221.17 | $8,871,395 | $8,267,335 | -$604,060 | -6.81% |
| Floor & Decor Holdings Inc. (FND) | Equity | -0.85% | 229,867 | 0.46% | $59.36 | $49.09 | $13,644,905 | $11,284,171 | -$2,360,734 | -17.30% |
| Invesco QQQ Trust (QQQ) | Equity | +100% | 391 | 0.01% | $736.40 | $747.46 | $287,932 | $292,257 | +$4,325 | +1.50% |
| MSA Safety Incorporated (MSA) | Equity | +100% | 166,305 | 0.98% | $174.58 | $178.91 | $29,033,527 | $29,753,628 | +$720,101 | +2.48% |
| The Progressive Corp. (PGR) | Equity | +2.64% | 542,292 | 3.98% | $218.45 | $206.94 | $118,463,687 | $112,221,906 | -$6,241,781 | -5.27% |
| Sunbelt Rentals Holdings INC (SUNB) | Equity | -9.04% | 246,369 | 0.73% | $87.65 | $75.67 | $21,593,757 | $18,642,742 | -$2,951,015 | -13.67% |
| Automatic Data Processing Inc. (ADP) | Equity | +56.19% | 654,556 | 4.93% | $223.95 | $269.64 | $146,587,816 | $176,494,480 | +$29,906,664 | +20.40% |
| Heico Corp. (HEI-A) | Equity | -0.44% | 735,248 | 6.38% | $257.91 | $229.22 | $189,627,812 | $168,533,547 | -$21,094,265 | -11.12% |
| Littelfuse Inc. (LFUS) | Equity | -8.17% | 74,125 | 1.13% | $455.33 | $418.88 | $33,751,336 | $31,049,480 | -$2,701,856 | -8.01% |
| Markel Group Inc. (MKL) | Equity | -28.10% | 30,877 | 2.03% | $1,953.01 | $1,763.36 | $60,303,090 | $54,447,267 | -$5,855,823 | -9.71% |
| Meta Platforms Inc. (META) | Equity | -1.60% | 302,888 | 5.74% | $563.29 | $736.60 | $170,613,782 | $223,105,786 | +$52,492,004 | +30.77% |
| SPDR Gold Shares (GLD) | Equity | 0% | 3,876 | 0.84% | $6,458.50 | $400.07 | $25,033,146 | $1,550,671 | -$23,482,475 | -93.81% |
| Visa Inc. (V) | Equity | -1.63% | 389,900 | 4.50% | $343.09 | $362.04 | $133,770,791 | $141,159,396 | +$7,388,605 | +5.52% |
| Watsco Inc. (WSO) | Equity | +100% | 65,975 | 0.92% | $416.73 | $325.58 | $27,493,762 | $21,480,141 | -$6,013,622 | -21.87% |
| Aaon Inc. (AAON) | Equity | +1.46% | 204,779 | 0.87% | $126.86 | $79.27 | $25,978,264 | $16,232,831 | -$9,745,433 | -37.51% |
| Ametek Inc. (AME) | Equity | -2.17% | 598,781 | 4.87% | $241.94 | $245.41 | $144,869,075 | $146,946,845 | +$2,077,770 | +1.43% |
| Apple Inc. (AAPL) | Equity | -13.60% | 12,995 | 0.13% | $289.36 | $339.75 | $3,760,233 | $4,415,051 | +$654,818 | +17.41% |
| Bright Horizons Family Solutions Inc. (BFAM) | Equity | +45.59% | 1,080,793 | 2.58% | $70.88 | $64.96 | $76,606,608 | $70,208,313 | -$6,398,295 | -8.35% |
| Copart Inc. (CPRT) | Equity | -69.90% | 8,274 | 0.01% | $28.19 | $28.80 | $233,244 | $238,250 | +$5,006 | +2.15% |
| Keysight Technologies Inc. (KEYS) | Equity | -55.73% | 143,072 | 1.68% | $350.07 | $347.32 | $50,085,215 | $49,691,767 | -$393,448 | -0.79% |
| NVR Inc. (NVR) | Equity | -3.00% | 13,238 | 3.03% | $6,813.40 | $6,338.92 | $90,195,789 | $83,914,623 | -$6,281,166 | -6.96% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -55.02% | 3,655 | 0.06% | $477.57 | $452.00 | $1,745,518 | $1,652,060 | -$93,458 | -5.35% |
| Alphabet Inc. (GOOGL) | Equity | -11.01% | 310,118 | 3.73% | $357.37 | $351.16 | $110,826,870 | $108,901,037 | -$1,925,833 | -1.74% |
| American Express Company (AXP) | Equity | +100% | 46,702 | 0.53% | $337.33 | $305.07 | $15,753,986 | $14,247,379 | -$1,506,607 | -9.56% |
| Bank Ozk (OZK) | Equity | -2.68% | 1,198,116 | 2.10% | $52.09 | $47.02 | $62,409,862 | $56,335,414 | -$6,074,448 | -9.73% |
| Brown & Brown Inc. (BRO) | Equity | -0.26% | 753,288 | 1.62% | $64.15 | $62.44 | $48,323,425 | $47,035,303 | -$1,288,122 | -2.67% |
| The Walt Disney Company (DIS) | Equity | -3.90% | 515,567 | 1.67% | $96.25 | $103.82 | $49,623,324 | $53,526,166 | +$3,902,842 | +7.86% |
| Hawkins Inc. (HWKN) | Equity | +100% | 94,954 | 0.45% | $142.10 | $124.55 | $13,492,963 | $11,826,521 | -$1,666,442 | -12.35% |
| Installed Building Products Inc. (IBP) | Equity | -1.49% | 397,662 | 3.07% | $229.84 | $211.94 | $91,398,634 | $84,280,484 | -$7,118,150 | -7.79% |
| Lululemon Athletica Inc. (LULU) | Equity | -9.68% | 128,803 | 0.49% | $114.18 | $103.73 | $14,706,727 | $13,360,735 | -$1,345,992 | -9.15% |
| The New York Times Company (NYT) | Equity | +100% | 484,424 | 1.14% | $69.98 | $65.45 | $33,899,992 | $31,705,551 | -$2,194,441 | -6.47% |
| SPDR S&P 500 ETF Trust (SPY) | Equity | -7.28% | 2,294 | 0.06% | $746.77 | $773.38 | $1,713,090 | $1,774,134 | +$61,044 | +3.56% |
| Yum China Holdings Inc. (YUMC) | Equity | 0% | 36,036 | 0.05% | $40.87 | $41.58 | $1,472,791 | $1,498,377 | +$25,586 | +1.74% |