Giverny Capital Inc.
Long book
$2.73B
Q1 2026
Positions
51
Top-10 weight
53%
concentration
Last quarter
+9.2%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsGiverny Capital Inc. is a concentrated fundamental stock-picker, running a $2.73B US long book across 51 positions.
The portfolio is concentrated: the top 10 names carry 53% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL C, META PLATFORMS INC-CLASS A, HEICO CORP-CLASS A, SCHWAB (CHARLES) CORP.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-4.6%
Q2 2024
+7.3%
Q3 2024
+2.0%
Q4 2024
-0.7%
Q1 2025
+6.0%
Q2 2025
+3.8%
Q3 2025
+1.3%
Q4 2025
-6.2%
Q1 2026
+9.2%
Sector allocation
Technology 32%
Financials 25%
Industrials 18%
Services media 10%
Healthcare 6%
Consumer discretionary 6%
Other 3%
Long book by quarter
What does Giverny Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 378.6K | $181.4M | 6.6% | -25.2% |
| GOOG ALPHABET INC-CL C | Technology | 620.9K | $178.1M | 6.5% | -2.9% |
| META META PLATFORMS INC-CLASS A | Technology | 307.8K | $176.1M | 6.4% | -1.8% |
| HEI/A HEICO CORP-CLASS A | Industrials | 738.5K | $155.9M | 5.7% | -2.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 1.5M | $144.4M | 5.3% | -3.1% |
| FIVE FIVE BELOW | Consumer discretionary | 617.2K | $141.0M | 5.2% | -3.2% |
| AME AMETEK INC | Technology | 612.1K | $131.2M | 4.8% | -37.5% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 256.1K | $123.0M | 4.5% | -2.7% |
| V VISA INC-CLASS A SHARES | Services media | 396.4K | $119.8M | 4.4% | -2.7% |
| IBP INSTALLED BUILDING PRODUCTS | Industrials | 403.7K | $107.0M | 3.9% | -22.3% |
| PGR PROGRESSIVE CORP | Financials | 528.4K | $104.7M | 3.8% | -1.6% |
| GOOGL ALPHABET INC-CL A | Technology | 348.5K | $100.2M | 3.7% | -3.6% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 323.2K | $91.3M | 3.3% | -3.3% |
| NVR NVR INC | Industrials | 13.6K | $89.9M | 3.3% | -3.3% |
| BKNG BOOKING HOLDINGS INC | Industrials | 21.1K | $88.9M | 3.3% | -1.5% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 419.1K | $85.2M | 3.1% | New |
| MKL MARKEL GROUP INC | Financials | 42.9K | $82.2M | 3.0% | -2.4% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 218.9K | $74.8M | 2.7% | +2.2% |
| BFAM BRIGHT HORIZONS FAMILY SOLUT | Services media | 742.3K | $61.0M | 2.2% | +81.0% |
| OZK BANK OZK | — | 1.2M | $56.5M | 2.1% | -2.6% |
| ADI ANALOG DEVICES INC | Technology | 171.1K | $54.4M | 2.0% | -3.2% |
| ANET ARISTA NETWORKS INC | Technology | 423.4K | $52.0M | 1.9% | +1.0% |
| DIS WALT DISNEY CO/THE | Services media | 536.5K | $51.7M | 1.9% | -1.5% |
| RMD RESMED INC | Healthcare | 230.0K | $51.6M | 1.9% | -2.3% |
| BRO BROWN & BROWN INC | Financials | 755.3K | $49.3M | 1.8% | -2.2% |
| LFUS LITTELFUSE INC | Industrials | 80.7K | $27.4M | 1.0% | -1.1% |
| LULU LULULEMON ATHLETICA INC | Other | 142.6K | $21.8M | 0.8% | -1.1% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 270.8K | $17.6M | 0.6% | New |
| AAON AAON INC | Industrials | 201.8K | $16.7M | 0.6% | New |
| JPM JPMORGAN CHASE & CO | Financials | 52.3K | $15.4M | 0.6% | +0.9% |
| MA MASTERCARD INC - A | Services media | 28.1K | $14.0M | 0.5% | -2.4% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 231.8K | $11.8M | 0.4% | -1.7% |
| TWFG TWFG INC | Financials | 552.1K | $10.2M | 0.4% | +66.5% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 36.7K | $8.6M | 0.3% | +1.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 11 | $7.9M | 0.3% | Held |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 91.8K | $7.6M | 0.3% | +2.0% |
| AAPL APPLE INC | Technology | 15.0K | $3.8M | 0.1% | -8.9% |
| YUMC YUM CHINA HOLDINGS INC | Consumer discretionary | 36.0K | $1.8M | 0.1% | Held |
| MTB M & T BANK CORP | Financials | 7.5K | $1.6M | 0.1% | -0.1% |
| BIRK BIRKENSTOCK HOLDING PLC | Other | 27.4K | $981K | 0.0% | Held |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 5.0K | $978K | 0.0% | -4.7% |
| CPRT COPART INC | Consumer discretionary | 27.5K | $912K | 0.0% | Held |
| MSFT MICROSOFT CORP | Technology | 1.9K | $707K | 0.0% | +12.1% |
| SITE SITEONE LANDSCAPE SUPPLY INC | Consumer discretionary | 3.8K | $500K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 51 | $2.73B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 50 | $3.00B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 17, 2025 | 52 | $2.95B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR/ARESTATEMENT | Nov 14, 2025 | 52 | $3.14B | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 52 | $3.26B | SEC ↗ | |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 55 | $2.92B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR/ARESTATEMENT | Aug 12, 2025 | 54 | $2.71B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 54 | $2.71B | SEC ↗ | |
| Q4 2024 | 13F-HR/ARESTATEMENT | Aug 12, 2025 | 62 | $2.74B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 62 | $2.74B | SEC ↗ | |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 52 | $2.63B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 50 | $2.37B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR/ANEW HOLDINGS | Aug 20, 2024 | 2 | $3.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 51 | $2.46B | canonical | SEC ↗ |
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