# Giverny Capital Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1641864. Source: https://holderbook.com/funds/1641864-giverny-capital-inc/

- Reported value: $3.0B
- Positions: 51
- Weight of the ten largest: 51.5%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $213.9M | 605,460 | 7.2% | 31 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $189.6M | 735,248 | 6.4% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $170.6M | 302,888 | 5.7% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $155.2M | 1,681,567 | 5.2% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $146.6M | 654,556 | 4.9% | 2 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $144.9M | 598,781 | 4.9% | 31 |
| MEDPACE HLDGS INC | [MEDP](https://holderbook.com/stocks/MEDP/) | $134.5M | 253,931 | 4.5% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $133.8M | 389,900 | 4.5% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $124.3M | 248,447 | 4.2% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $118.5M | 542,292 | 4.0% | 28 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $110.8M | 310,118 | 3.7% | 31 |
| FIVE BELOW INC | [FIVE](https://holderbook.com/stocks/FIVE/) | $107.5M | 598,122 | 3.6% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $93.2M | 522,664 | 3.1% | 10 |
| INSTALLED BLDG PRODS INC | [IBP](https://holderbook.com/stocks/IBP/) | $91.4M | 397,662 | 3.1% | 19 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $90.2M | 13,238 | 3.0% | 31 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $79.4M | 240,731 | 2.7% | 12 |
| BRIGHT HORIZONS FAM SOL IN D | [BFAM](https://holderbook.com/stocks/BFAM/) | $76.6M | 1,080,793 | 2.6% | 3 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $75.5M | 387,665 | 2.5% | 4 |
| BANK OZK LITTLE ROCK ARK | [OZK](https://holderbook.com/stocks/OZK/) | $62.4M | 1,198,116 | 2.1% | 31 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $60.3M | 30,877 | 2.0% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $57.7M | 339,892 | 1.9% | 5 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $50.1M | 143,072 | 1.7% | 30 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $49.6M | 515,567 | 1.7% | 31 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $48.3M | 753,288 | 1.6% | 7 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $37.1M | 93,310 | 1.2% | 19 |
| NEW YORK TIMES CO MTN BE | [NYT](https://holderbook.com/stocks/NYT/) | $33.9M | 484,424 | 1.1% | 1 |
| LITTELFUSE INC | [LFUS](https://holderbook.com/stocks/LFUS/) | $33.8M | 74,125 | 1.1% | 31 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $29.0M | 166,305 | 1.0% | 1 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $27.5M | 65,975 | 0.9% | 1 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $26.0M | 204,779 | 0.9% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $25.0M | 3,876 | 0.8% | 19 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $21.6M | 246,369 | 0.7% | 2 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $16.9M | 94,956 | 0.6% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $15.8M | 46,702 | 0.5% | 1 |
| TWFG INC | [TWFG](https://holderbook.com/stocks/TWFG/) | $15.7M | 652,452 | 0.5% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $15.7M | 47,876 | 0.5% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $14.8M | 28,816 | 0.5% | 31 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $14.7M | 128,803 | 0.5% | 31 |
| FLOOR & DECOR HLDGS INC | [FND](https://holderbook.com/stocks/FND/) | $13.6M | 229,867 | 0.5% | 17 |
| HAWKINS INC | [HWKN](https://holderbook.com/stocks/HWKN/) | $13.5M | 94,954 | 0.5% | 1 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $8.9M | 37,380 | 0.3% | 7 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $8.2M | 91,464 | 0.3% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $6.7M | 9 | 0.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.8M | 12,995 | 0.1% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $1.7M | 3,655 | 0.1% | 25 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.7M | 2,294 | 0.1% | 31 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $1.5M | 36,036 | 0.0% | 8 |
| ISHARES TR | [ITB](https://holderbook.com/stocks/ITB/) | $1.2M | 11,662 | 0.0% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $666.6K | 1,787 | 0.0% | 7 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $287.9K | 391 | 0.0% | 1 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $233.2K | 8,274 | 0.0% | 17 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +7.5% | +14.8% | -7.4% | 100% |
| Q1 2026 | -6.5% | -4.6% | -1.9% | 100% |
| Q4 2025 | +1.2% | +2.4% | -1.1% | 100% |
| Q3 2025 | +3.7% | +7.8% | -4.2% | 100% |
| Q2 2025 | +5.9% | +10.5% | -4.6% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.5% | 100% |
| Q4 2024 | +1.9% | +2.1% | -0.3% | 100% |
| Q3 2024 | +7.1% | +5.4% | +1.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.0B | 51 |
| Q1 2026 | $2.7B | 51 |
| Q4 2025 | $3.0B | 50 |
| Q3 2025 | $3.0B | 52 |
| Q2 2025 | $2.9B | 55 |
| Q1 2025 | $2.7B | 54 |
| Q4 2024 | $2.7B | 62 |
| Q3 2024 | $2.6B | 52 |
| Q2 2024 | $2.4B | 50 |
| Q1 2024 | $2.5B | 53 |
| Q4 2023 | $2.1B | 59 |
| Q3 2023 | $1.8B | 59 |