Giverny Capital Inc.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOG | $213.9M | 605,460 | +0.67pp | 31q | -2.5%-$5.5M | |
| HEICO CORP NEW | HEIA | $189.6M | 735,248 | +0.67pp | 31q | HELD | |
| META PLATFORMS INC | META | $170.6M | 302,888 | -0.71pp | 31q | -1.6%-$2.8M | |
| SCHWAB CHARLES CORP | SCHW | $155.2M | 1,681,567 | -0.07pp | 31q | +9.5%+$13.4M | |
| AUTOMATIC DATA PROCESSING IN | ADP | $146.6M | 654,556 | +1.81pp | 2q | +56.2%+$52.7M | |
| AMETEK INC | AME | $144.9M | 598,781 | +0.07pp | 31q | -2.2%-$3.2M | |
| MEDPACE HLDGS INC | MEDP | $134.5M | 253,931 | +0.02pp | 12q | -0.8%-$1.1M | |
| VISA INC | V | $133.8M | 389,900 | +0.11pp | 31q | -1.6%-$2.2M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $124.3M | 248,447 | -2.46pp | 31q | -34.4%-$65.1M | |
| PROGRESSIVE CORP | PGR | $118.5M | 542,292 | +0.15pp | 28q | +2.6%+$3.0M | |
| ALPHABET INC | GOOGL | $110.8M | 310,118 | +0.06pp | 31q | -11.0%-$13.7M | |
| FIVE BELOW INC | FIVE | $107.5M | 598,122 | -1.55pp | 31q | -3.1%-$3.4M | |
| BOOKING HOLDINGS INC | BKNG | $93.2M | 522,664 | -0.12pp | 10q | +2375.1%+$89.4M | |
| INSTALLED BLDG PRODS INC | IBP | $91.4M | 397,662 | -0.85pp | 19q | -1.5%-$1.4M | |
| NVR INC | NVR | $90.2M | 13,238 | -0.26pp | 31q | -3.0%-$2.8M | |
| KINSALE CAP GROUP INC | KNSL | $79.4M | 240,731 | -0.07pp | 12q | +10.0%+$7.2M | |
| BRIGHT HORIZONS FAM SOL IN D | BFAM | $76.6M | 1,080,793 | +0.34pp | 3q | +45.6%+$24.0M | |
| RESMED INC | RMD | $75.5M | 387,665 | +0.65pp | 4q | +68.5%+$30.7M | |
| BANK OZK LITTLE ROCK ARK | OZK | $62.4M | 1,198,116 | +0.03pp | 31q | -2.7%-$1.7M | |
| MARKEL GROUP INC | MKL | $60.3M | 30,877 | -0.98pp | 31q | -28.1%-$23.6M | |
| ARISTA NETWORKS INC | ANET | $57.7M | 339,892 | +0.04pp | 5q | -19.7%-$14.2M | |
| KEYSIGHT TECHNOLOGIES INC | KEYS | $50.1M | 143,072 | -1.66pp | 30q | -55.7%-$63.1M | |
| DISNEY WALT CO | DIS | $49.6M | 515,567 | -0.22pp | 31q | -3.9%-$2.0M | |
| BROWN & BROWN INC | BRO | $48.3M | 753,288 | -0.18pp | 7q | HELD | |
| ANALOG DEVICES INC | ADI | $37.1M | 93,310 | -0.75pp | 19q | -45.4%-$30.9M | |
| NEW YORK TIMES CO MTN BE | NYT | $33.9M | 484,424 | - | new | NEW | |
| LITTELFUSE INC | LFUS | $33.8M | 74,125 | +0.13pp | 31q | -8.2%-$3.0M | |
| MSA SAFETY INC | MSA | $29.0M | 166,305 | - | new | NEW | |
| WATSCO INC | WSO | $27.5M | 65,975 | - | new | NEW | |
| AAON INC | AAON | $26.0M | 204,779 | +0.26pp | 2q | +1.5%+$373.9K | |
| SPDR GOLD TR | GLD | $25.0M | 3,876 | +0.78pp | 19q | HELD | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $21.6M | 246,369 | +0.08pp | 2q | -9.0%-$2.1M | |
| VEEVA SYS INC | VEEV | $16.9M | 94,956 | - | new | NEW | |
| AMERICAN EXPRESS CO | AXP | $15.8M | 46,702 | - | new | NEW | |
| TWFG INC | TWFG | $15.7M | 652,452 | +0.16pp | 5q | +18.2%+$2.4M | |
| JPMORGAN CHASE & CO | JPM | $15.7M | 47,876 | -0.04pp | 31q | -8.5%-$1.4M | |
| MASTERCARD INCORPORATED | MA | $14.8M | 28,816 | -0.02pp | 31q | +2.7%+$385.2K | |
| LULULEMON ATHLETICA INC | LULU | $14.7M | 128,803 | -0.30pp | 31q | -9.7%-$1.6M | |
| FLOOR & DECOR HLDGS INC | FND | $13.6M | 229,867 | +0.03pp | 17q | -0.8%-$116.5K | |
| HAWKINS INC | HWKN | $13.5M | 94,954 | - | new | NEW | |
| FERGUSON ENTERPRISES INC | FERG | $8.9M | 37,380 | -0.02pp | 7q | +1.8%+$154.7K | |
| BUILDERS FIRSTSOURCE INC | BLDR | $8.2M | 91,464 | flat | 6q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $6.7M | 9 | -0.06pp | 31q | -18.2%-$1.5M | |
| APPLE INC | AAPL | $3.8M | 12,995 | -0.01pp | 31q | -13.6%-$591.7K | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $1.7M | 3,655 | -0.04pp | 25q | -55.0%-$2.1M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.7M | 2,294 | flat | 31q | -7.3%-$134.4K | |
| YUM CHINA HLDGS INC | YUMC | $1.5M | 36,036 | -0.01pp | 8q | HELD | |
| ISHARES TR | ITB | $1.2M | 11,662 | flat | 21q | +7.4%+$84.4K | |
| MICROSOFT CORP | MSFT | $666.6K | 1,787 | flat | 7q | -6.4%-$45.9K | |
| INVESCO QQQ TR | QQQ | $287.9K | 391 | - | new | NEW | |
| COPART INC | CPRT | $233.2K | 8,274 | -0.03pp | 17q | -69.9%-$541.5K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $659.5M | 22.4% |
| Insurance | $453.2M | 15.4% |
| Business Services | $246.8M | 8.4% |
| Instruments & Controls | $195.0M | 6.6% |
| Autos & Aerospace | $189.6M | 6.4% |
| Construction & Building | $181.6M | 6.2% |
| Capital Markets | $155.2M | 5.3% |
| Retail & Consumer | $145.8M | 4.9% |
| Biotech & Pharma | $134.5M | 4.6% |
| Medical Devices | $104.6M | 3.5% |
| Transport & Logistics | $93.2M | 3.2% |
| Telecom & Media | $83.5M | 2.8% |
| Other sectors | $305.7M | 10.4% |
| Not classified | $1.2M | 0.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $3.0B | 51 | 7 | 12 | 27 | 7 | 51.5% | 45 |
| Q1 2026 | $2.7B | 51 | 5 | 8 | 29 | 4 | 53.4% | 45 |
| Q4 2025 | $3.0B | 50 | 2 | 18 | 3 | 4 | 58.7% | 44 |
| Q3 2025 | $3.0B | 52 | 1 | 7 | 10 | 4 | 57.6% | 48 |
| Q2 2025 | $2.9B | 55 | 3 | 34 | 5 | 2 | 56.0% | 44 |
| Q1 2025 | $2.7B | 54 | 2 | 12 | 12 | 10 | 56.4% | 134 |
| Q4 2024 | $2.7B | 62 | 11 | 36 | 3 | 1 | 54.3% | 224 |
| Q3 2024 | $2.6B | 52 | 5 | 27 | 3 | 3 | 55.0% | 44 |
| Q2 2024 | $2.4B | 50 | 0 | 29 | 3 | 3 | 54.0% | 45 |
| Q1 2024 | $2.5B | 53 | 3 | 30 | 10 | 9 | 54.6% | 43 |
| Q4 2023 | $2.1B | 59 | 2 | 24 | 12 | 2 | 55.0% | 40 |
| Q3 2023 | $1.8B | 59 | 3 | 28 | 7 | 3 | 59.3% | 117 |
| Q2 2023 | $1.9B | 59 | 0 | 34 | 7 | 1 | 59.3% | 38 |
| Q1 2023 | $1.7B | 60 | 1 | 13 | 29 | 7 | 58.8% | 42 |
| Q4 2022 | $1.6B | 66 | 5 | 22 | 11 | 2 | 60.7% | 137 |
| Q3 2022 | $1.5B | 63 | 1 | 32 | 6 | 1 | 58.4% | 45 |
| Q2 2022 | $1.5B | 63 | 2 | 33 | 1 | 2 | 57.7% | 43 |
| Q1 2022 | $1.8B | 63 | 1 | 27 | 8 | 2 | 58.5% | 42 |
| Q4 2021 | $1.9B | 64 | 8 | 4 | 52 | 3 | 57.8% | 42 |
| Q3 2021 | $3.4B | 59 | 5 | 54 | 0 | 3 | 61.0% | 43 |
| Q2 2021 | $1.6B | 57 | 4 | 25 | 10 | 0 | 61.8% | 44 |
| Q1 2021 | $1.5B | 53 | 1 | 29 | 6 | 1 | 60.4% | 47 |
| Q4 2020 | $1.3B | 53 | 0 | 33 | 6 | 1 | 60.0% | 47 |
| Q3 2020 | $1.1B | 54 | 8 | 22 | 12 | 3 | 63.4% | 44 |
| Q2 2020 | $1.0B | 49 | 12 | 25 | 3 | 4 | 64.3% | 38 |
| Q1 2020 | $785.2M | 41 | 4 | 8 | 20 | 2 | 67.5% | 45 |
| Q4 2019 | $1.1B | 39 | 0 | 22 | 6 | 0 | 66.5% | 38 |
| Q3 2019 | $1.0B | 39 | 1 | 13 | 3 | 1 | 68.2% | 45 |
| Q2 2019 | $990.0M | 39 | 0 | 25 | 5 | 0 | 67.5% | 44 |
| Q1 2019 | $871.7M | 39 | 5 | 17 | 9 | 1 | 66.4% | 44 |
| Q4 2018 | $758.7M | 35 | 0 | 0 | 0 | 0 | 68.3% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.