Francois Rochon Giverny Capital
François Rochon is the founder of Giverny Capital, a Montreal-based firm focused on long-term ownership of high-quality businesses. His annual letters discuss portfolio companies in plain language and emphasize culture, capital allocation, and multi-year compounding. Rochon is popular among value-oriented investors who follow concentrated Canadian and U.S. equity managers.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Keysight
KEYS
|
+$14.2M |
| 2 |
SCHW
Charles Schwab
SCHW
|
+$8.33M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$6.69M |
| 4 |
Bank of America
BAC
|
+$3.87M |
| 5 |
Ametek
AME
|
+$2.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LKQ Corp
LKQ
|
+$11.7M |
| 2 |
Mohawk Industries
MHK
|
+$7.41M |
| 3 |
Liberty Media Series C
FWONK
|
+$586K |
| 4 |
O'Reilly Automotive
ORLY
|
+$575K |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$119K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 43.1% |
| 2 | Consumer Discretionary | 19.28% |
| 3 | Industrials | 18.76% |
| 4 | Communication Services | 10.67% |
| 5 | Technology | 4.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Berkshire Hathaway Class A
BRK.A
$1.06T
| $955K | 0.1% |
3
| – | – |
|
27
lululemon athletica
LULU
$13.7B
| $837K | 0.08% |
4,645
| – | – |
|
28
Brookfield
BN
$93.1B
| $618K | 0.06% |
36,262
| – | – |
|
29
Mastercard
MA
$509B
| $539K | 0.05% |
2,039
| – | – |
|
30
TJX Companies
TJX
$155B
| $494K | 0.05% |
9,341
| – | – |
|
31
Roper Technologies
ROP
$40.7B
| $456K | 0.05% |
1,245
| – | – |
|
32
Five Below
FIVE
$13.8B
| $432K | 0.04% |
3,596
| – | – |
|
33
Apple
AAPL
$4.51T
| $421K | 0.04% |
8,508
| – | – |
|
34
Old Dominion Freight Line
ODFL
$42.8B
| $405K | 0.04% |
8,136
+405
| +5% | +$19.7K |
|
|
35
Liberty Media Series C
FWONK
$26.3B
| $398K | 0.04% |
10,994
-16,152
| -60% | -$586K |
|
36
Fastenal
FAST
$58.8B
| $266K | 0.03% |
16,308
| – | – |
|
37
Knight Transportation
KNX
$11.7B
| $264K | 0.03% |
8,046
+303
| +4% | +$9.67K |
|
38
Southwest Airlines
LUV
$19.8B
| $220K | 0.02% |
4,334
+373
| +9% | +$19.3K |
|
|
39
LKQ Corp
LKQ
$6.52B
| $6K | ﹤0.01% |
220
-417,056
| -100% | -$11.7M |
|
Similar funds
Francois Rochon's Q2 2019 Portfolio in Review
As of Q2 2019, Francois Rochon held 39 positions worth $990M, up 14% from $872M the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Francois Rochon deployed $35.4M of net new capital in Q2 2019, adding to 24 existing holdings.
By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 43% a quarter earlier, followed by Consumer Discretionary and Industrials.
On the sell side, the largest reduction was LKQ Corp, an estimated $11.7M trimmed.
- Francois Rochon added most to Keysight in Q2 2019, an estimated $14.2M increase.
- Francois Rochon's biggest Q2 2019 reduction was LKQ Corp, cutting an estimated $11.7M.
- Francois Rochon's ten largest holdings make up 68% of its $990M portfolio in Q2 2019.
- Francois Rochon opened 0 new positions and closed 0 in Q2 2019.
- Francois Rochon's portfolio value rose 14% quarter-over-quarter to $990M.
Based on Giverny Capital's 13F filing for Q2 2019, filed 13 Aug 2019.