Giverny Capital Portfolio holdings
Giverny Capital is a Montreal investment firm that buys for its clients the same securities its founder, François Rochon, picks for his own portfolio. Its approach is value investing, built on fundamental research of companies with a very long time horizon. The name comes from the garden in Giverny created and tended for decades by the Impressionist painter Claude Monet. The firm focuses on private wealth management, mostly for individuals, and also offers financial planning.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Automatic Data Processing
ADP
|
+$50.3M |
| 2 |
New York Times
NYT
|
+$37.3M |
| 3 |
ResMed
RMD
|
+$32.7M |
| 4 |
Mine Safety
MSA
|
+$27.9M |
| 5 |
Watsco Inc
WSO
|
+$26.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$62.6M |
| 2 |
Keysight
KEYS
|
+$61.4M |
| 3 |
Analog Devices
ADI
|
+$30.8M |
| 4 |
Markel Group
MKL
|
+$22.5M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$13.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.6% |
| 2 | Communication Services | 19.46% |
| 3 | Consumer Discretionary | 16.43% |
| 4 | Industrials | 15.33% |
| 5 | Technology | 11.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Alphabet (Google) Class C
GOOG
$3.42T
| $214M | 7.19% |
605,460
-15,449
| -2% | -$5.52M |
2015 Q1
45 quarters
|
|
2
HEICO Corp Class A
HEI.A
$33.4B
| $190M | 6.38% |
735,248
-3,234
| -0.4% | -$739K |
2016 Q3
39 quarters
|
|
3
Meta Platforms (Facebook)
META
$1.6T
| $171M | 5.74% |
302,888
-4,933
| -2% | -$3.02M |
2018 Q2
32 quarters
|
|
4
Charles Schwab
SCHW
$152B
| $155M | 5.22% |
1,681,567
+145,361
| +9% | +$13.3M |
2018 Q3
31 quarters
|
|
|
5
Automatic Data Processing
ADP
$116B
| $147M | 4.93% |
654,556
+235,466
| +56% | +$50.3M |
2026 Q1
1 quarter
|
|
6
Ametek
AME
$55.3B
| $145M | 4.87% |
598,781
-13,277
| -2% | -$3.06M |
2015 Q2
44 quarters
|
|
7
Medpace
MEDP
$18.2B
| $134M | 4.52% |
253,931
-2,150
| -0.8% | -$992K |
2023 Q3
11 quarters
|
|
8
Visa
V
$773B
| $134M | 4.5% |
389,900
-6,457
| -2% | -$2.07M |
2015 Q1
45 quarters
|
|
|
9
Berkshire Hathaway Class B
BRK.B
$1.16T
| $124M | 4.18% |
248,447
-130,178
| -34% | -$62.6M |
2015 Q1
45 quarters
|
|
10
Progressive
PGR
$134B
| $118M | 3.98% |
542,292
+13,928
| +3% | +$2.81M |
2019 Q3
27 quarters
|
|
|
11
Alphabet (Google) Class A
GOOGL
$3.44T
| $111M | 3.73% |
310,118
-38,351
| -11% | -$13.8M |
2016 Q3
39 quarters
|
|
12
Five Below
FIVE
$13.3B
| $108M | 3.62% |
598,122
-19,069
| -3% | -$4.11M |
2017 Q1
37 quarters
|
|
13
Booking.com
BKNG
$111B
| $93.2M | 3.13% |
522,664
-5,261
| -1% | -$897K |
2024 Q1
9 quarters
|
|
14
Installed Building Products
IBP
$5.67B
| $91.4M | 3.07% |
397,662
-6,003
| -1% | -$1.46M |
2021 Q4
18 quarters
|
|
15
NVR
NVR
$15.9B
| $90.2M | 3.03% |
13,238
-409
| -3% | -$2.6M |
2018 Q3
31 quarters
|
|
16
Kinsale Capital Group
KNSL
$8.23B
| $79.4M | 2.67% |
240,731
+21,789
| +10% | +$7.01M |
2023 Q3
11 quarters
|
|
17
Bright Horizons
BFAM
$2.67B
| $76.6M | 2.58% |
1,080,793
+338,464
| +46% | +$24.5M |
2025 Q4
2 quarters
|
|
|
18
ResMed
RMD
$32.3B
| $75.5M | 2.54% |
387,665
+157,660
| +69% | +$32.7M |
2025 Q3
3 quarters
|
|
19
Bank OZK
OZK
$5.49B
| $62.4M | 2.1% |
1,198,116
-32,943
| -3% | -$1.6M |
2015 Q1
45 quarters
|
|
|
20
Markel Group
MKL
$22.9B
| $60.3M | 2.03% |
30,877
-12,067
| -28% | -$22.5M |
2015 Q1
45 quarters
|
|
21
Arista Networks
ANET
$213B
| $57.7M | 1.94% |
339,892
-83,469
| -20% | -$13.1M |
2020 Q2
24 quarters
|
|
|
22
Keysight
KEYS
$52.3B
| $50.1M | 1.68% |
143,072
-180,112
| -56% | -$61.4M |
2019 Q1
29 quarters
|
|
23
Walt Disney
DIS
$192B
| $49.6M | 1.67% |
515,567
-20,947
| -4% | -$2.14M |
2015 Q1
45 quarters
|
|
24
Brown & Brown
BRO
$23.1B
| $48.3M | 1.62% |
753,288
-1,981
| -0.3% | -$121K |
2024 Q4
6 quarters
|
|
|
25
Analog Devices
ADI
$202B
| $37.1M | 1.25% |
93,310
-77,742
| -45% | -$30.8M |
2021 Q4
18 quarters
|
|
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Giverny Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Giverny Capital held 58 positions worth $2.97B, up 8.9% from $2.73B the previous quarter. Its ten largest holdings account for 52% of the portfolio.
Giverny Capital's Q2 2026 filing shows 7 new, 11 increased, 31 reduced and 7 closed positions. Its largest new stake was New York Times: 484,424 shares worth $33.9M. The largest sale was Berkshire Hathaway Class B, an estimated $62.6M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 32% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Giverny Capital's largest Q2 2026 buy was New York Times: 484,424 shares worth $33.9M.
- Giverny Capital added most to Automatic Data Processing in Q2 2026, an estimated $50.3M increase.
- Giverny Capital's biggest Q2 2026 reduction was Berkshire Hathaway Class B, cutting an estimated $62.6M.
- Giverny Capital fully exited M&T Bank in Q2 2026, selling an estimated $1.56M.
- Giverny Capital's ten largest holdings make up 52% of its $2.97B portfolio in Q2 2026.
- Giverny Capital opened 7 new positions and closed 7 in Q2 2026.
- Giverny Capital's portfolio value rose 8.9% quarter-over-quarter to $2.97B.
Based on Giverny Capital's 13F filing for Q2 2026, filed 14 Aug 2026.