We are live on ! Find out more
FR

Francois Rochon Giverny Capital

AUM $2.97B
1-Year Est. Return 13.22%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.59%
1 Year Est. Return
+13.22%
3 Year Est. Return
+69.2%
5 Year Est. Return
+87.35%
10 Year Est. Return
+393.18%
AUM
$729M
AUM Growth
+$44.5M
Cap. Flow
+$10.4M
Cap. Flow %
1.42%
Top 10 Hldgs %
71.44%
Holding
35
New
4
Increased
6
Reduced
15
Closed
–

Top Buys

Rank Stock Value
1
EW icon
Edwards Lifesciences
EW
+$17.8M
2
CACC icon
Credit Acceptance
CACC
+$17.7M
3
KMX icon
CarMax
KMX
+$6.97M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$3.53M
5
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$1.64M

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$11.2M
2
DIS icon
Walt Disney
DIS
+$8.71M
3
MTB icon
M&T Bank
MTB
+$7.42M
4
LKQ icon
LKQ Corp
LKQ
+$7.01M
5
MHK icon
Mohawk Industries
MHK
+$736K

Sector Composition

Rank Sector Weight
1 Financials 46.1%
2 Consumer Discretionary 21.4%
3 Industrials 17.97%
4 Communication Services 11.77%
5 Healthcare 2.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.06T
$142M 19.48%
716,216
+8,612
+1% +$1.64M
KMX icon
2
CarMax
KMX
$8.82B
$66.2M 9.09%
1,032,850
+97,703
+10% +$6.97M
OZK icon
3
Bank OZK
OZK
$5.39B
$58.9M 8.08%
1,215,840
-6,302
-0.5% -$293K
AME icon
4
Ametek
AME
$54.9B
$49.5M 6.79%
682,995
-5,271
-0.8% -$367K
V icon
5
Visa
V
$693B
$38.2M 5.24%
334,714
-4,278
-1% -$472K
LKQ icon
6
LKQ Corp
LKQ
$6.52B
$37.3M 5.11%
916,503
-183,215
-17% -$7.01M
UNP icon
7
Union Pacific
UNP
$183B
$35.9M 4.92%
267,529
-2,154
-0.8% -$260K
MKL icon
8
Markel Group
MKL
$22.2B
$35M 4.8%
30,727
+270
+0.9% +$295K
GOOG icon
9
Alphabet (Google) Class C
GOOG
$4.18T
$29.1M 4%
556,700
+69,360
+14% +$3.53M
DIS icon
10
Walt Disney
DIS
$186B
$28.7M 3.94%
267,127
-84,506
-24% -$8.71M
MHK icon
11
Mohawk Industries
MHK
$9.23B
$28.7M 3.93%
103,885
-2,742
-3% -$736K
HEI.A icon
12
HEICO Corp Class A
HEI.A
$36.5B
$23.3M 3.19%
574,830
-14,930
-3% -$584K
ORLY icon
13
O'Reilly Automotive
ORLY
$72.1B
$22.3M 3.06%
1,391,970
-7,170
-0.5% -$107K
FWONK icon
14
Liberty Media Series C
FWONK
$26.3B
$21.8M 2.99%
659,788
+1,007
+0.2% +$36.4K
FBIN icon
15
Fortune Brands Innovations
FBIN
$5.32B
$21M 2.89%
359,742
-11,266
-3% -$640K
WFC icon
16
Wells Fargo
WFC
$254B
$20.3M 2.78%
333,964
-197,665
-37% -$11.2M
CACC icon
17
Credit Acceptance
CACC
$6.24B
$19.2M 2.64%
+59,426
New +$17.7M
MTB icon
18
M&T Bank
MTB
$34.7B
$19M 2.6%
110,876
-44,710
-29% -$7.42M
EW icon
19
Edwards Lifesciences
EW
$51.8B
$18.2M 2.5%
+484,713
New +$17.8M
GOOGL icon
20
Alphabet (Google) Class A
GOOGL
$4.22T
$6.12M 0.84%
116,280
-4,160
-3% -$215K
JPM icon
21
JPMorgan Chase
JPM
$935B
$1.58M 0.22%
14,757
+21
+0.1% +$2.13K
SPY icon
22
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$1.43M 0.2%
5,344
– –
BRK.A icon
23
Berkshire Hathaway Class A
BRK.A
$1.06T
$893K 0.12%
3
– –
FIVE icon
24
Five Below
FIVE
$13.8B
$730K 0.1%
11,009
– –
STN icon
25
Stantec
STN
$8.33B
$596K 0.08%
21,329
-125
-0.6% -$3.49K
1
2

Similar funds

LC
L1 Capital Melbourne VIC 3000, Australia $2.97B AUM 43.46% 1-Year Est. Return
EWA
EverSource Wealth Advisors Birmingham, Alabama $2.97B AUM 28.72% 1-Year Est. Return
GI
GLOBALT Investments Atlanta, Georgia $2.97B AUM 23.94% 1-Year Est. Return
ACIM
Azimuth Capital Investment Management Bloomfield Hills, Michigan $2.96B AUM 32.75% 1-Year Est. Return
MSL
Mackay Shields LLC New York $2.99B AUM 3.89% 1-Year Est. Return
SW
Simplicity Wealth Summit, New Jersey $2.96B AUM 25.11% 1-Year Est. Return
FI
Focused Investors Los Angeles, California $2.96B AUM 15.6% 1-Year Est. Return
WBG
Wharton Business Group Malvern, Pennsylvania $2.99B AUM 30.41% 1-Year Est. Return

Francois Rochon's Q4 2017 Portfolio in Review

As of Q4 2017, Francois Rochon held 35 positions worth $729M, up 6.5% from $684M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Francois Rochon's Q4 2017 filing shows 4 new, 6 increased and 15 reduced positions. Its largest new stake was Edwards Lifesciences: 484,713 shares worth $18.2M. The largest sale was Wells Fargo, an estimated $11.2M.

By sector, the portfolio is most concentrated in Financials at 46% of assets, up from 46% a quarter earlier, followed by Consumer Discretionary and Industrials.

  • Francois Rochon's largest Q4 2017 buy was Edwards Lifesciences: 484,713 shares worth $18.2M.
  • Francois Rochon added most to CarMax in Q4 2017, an estimated $6.97M increase.
  • Francois Rochon's biggest Q4 2017 reduction was Wells Fargo, cutting an estimated $11.2M.
  • Francois Rochon's ten largest holdings make up 71% of its $729M portfolio in Q4 2017.
  • Francois Rochon opened 4 new positions and closed 0 in Q4 2017.
  • Francois Rochon's portfolio value rose 6.5% quarter-over-quarter to $729M.

Based on Giverny Capital's 13F filing for Q4 2017, filed 13 Feb 2018.