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 |
Brown & Brown
BRO
|
+$31.5M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$26.3M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$7.5M |
| 4 |
Ferguson
FERG
|
+$6.69M |
| 5 |
Installed Building Products
IBP
|
+$3.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Edwards Lifesciences
EW
|
+$31.2M |
| 2 |
Keysight
KEYS
|
+$24.1M |
| 3 |
Analog Devices
ADI
|
+$7.59M |
| 4 |
Arista Networks
ANET
|
+$1.67M |
| 5 |
Liberty Media Series C
FWONK
|
+$1.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.56% |
| 2 | Consumer Discretionary | 24.47% |
| 3 | Communication Services | 14.82% |
| 4 | Industrials | 12.97% |
| 5 | Technology | 10.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Microsoft
MSFT
$3.59T
| $992K | 0.04% |
+2,354
| New | +$1M |
|
52
Old Dominion Freight Line
ODFL
$42.8B
| $927K | 0.03% |
5,255
| – | – |
|
53
Dream Finders Homes
DFH
$1.35B
| $749K | 0.03% |
32,202
| – | – |
|
54
iShares Silver Trust
SLV
$33.8B
| $606K | 0.02% |
23,000
| – | – |
|
55
Jacobs Solutions
J
$17.6B
| $587K | 0.02% |
+4,438
| New | +$611K |
|
56
Grayscale Bitcoin Trust
GBTC
$11.6B
| $551K | 0.02% |
+7,442
| New | +$491K |
|
57
SiteOne Landscape Supply
SITE
$4.19B
| $495K | 0.02% |
3,753
| – | – |
|
58
DoubleLine Shiller CAPE US Equities ETF
CAPE
$246M
| $319K | 0.01% |
+10,645
| New | +$325K |
|
59
Vanguard S&P 500 ETF
VOO
$1.02T
| $315K | 0.01% |
+584
| New | +$316K |
|
60
Costco
COST
$420B
| $220K | 0.01% |
240
| – | – |
|
61
Intuitive Surgical
ISRG
$134B
| $211K | 0.01% |
+405
| New | +$211K |
|
|
62
Edwards Lifesciences
EW
$51.8B
| $19K | ﹤0.01% |
257
-446,031
| -100% | -$31.2M |
|
|
63
Liberty Media Series C
FWONK
$26.3B
| – | – |
-15,000
| Closed | -$1.16M |
|
Similar funds
Francois Rochon's Q4 2024 Portfolio in Review
As of Q4 2024, Francois Rochon held 63 positions worth $2.74B, up 4% from $2.63B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
Francois Rochon's Q4 2024 filing shows 11 new, 35 increased, 4 reduced and 1 closed positions. Its largest new stake was Brown & Brown: 294,809 shares worth $30.1M. The largest sale was Edwards Lifesciences, an estimated $31.2M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Francois Rochon's largest Q4 2024 buy was Brown & Brown: 294,809 shares worth $30.1M.
- Francois Rochon added most to Fiserv Inc in Q4 2024, an estimated $26.3M increase.
- Francois Rochon's biggest Q4 2024 reduction was Edwards Lifesciences, cutting an estimated $31.2M.
- Francois Rochon fully exited Liberty Media Series C in Q4 2024, selling an estimated $1.16M.
- Francois Rochon's ten largest holdings make up 54% of its $2.74B portfolio in Q4 2024.
- Francois Rochon opened 11 new positions and closed 1 in Q4 2024.
- Francois Rochon's portfolio value rose 4% quarter-over-quarter to $2.74B.
Based on Giverny Capital's 13F filing for Q4 2024, filed 13 Feb 2025.