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Giverny Capital Portfolio holdings

AUM $2.73B
1-Year Est. Return 14.09%
This Fund
S&P 500
This Quarter Est. Return
+7.36%
1 Year Est. Return
+14.09%
3 Year Est. Return
+73%
5 Year Est. Return
+84.96%
10 Year Est. Return
+346.67%
AUM
$2.95B
AUM Growth
+$35.3M
Cap. Flow
-$69.8M
Cap. Flow %
-2.37%
Top 10 Hldgs %
57.65%
Holding
56
New
1
Increased
23
Reduced
16
Closed
4

Top Buys

Rank Stock Value
1
RMD icon
ResMed
RMD
+$64.3M
2
KNSL icon
Kinsale Capital Group
KNSL
+$5.13M
3
TWFG
TWFG Inc
TWFG
+$3.54M
4
PGR icon
Progressive
PGR
+$3.33M
5
FIVE icon
Five Below
FIVE
+$1.59M

Top Sells

Rank Stock Value
1
SBUX icon
Starbucks
SBUX
+$68.7M
2
BAC icon
Bank of America
BAC
+$47.5M
3
CACC icon
Credit Acceptance
CACC
+$11.8M
4
ANET icon
Arista Networks
ANET
+$9.03M
5
META icon
Meta Platforms (Facebook)
META
+$5.28M

Sector Composition

Rank Sector Weight
1 Financials 33.58%
2 Consumer Discretionary 19.5%
3 Communication Services 17%
4 Industrials 13.51%
5 Technology 9.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LULU icon
26
lululemon athletica
LULU
$13.5B
$25.6M 0.87%
144,001
+24
+0% +$4.81K
LFUS icon
27
Littelfuse
LFUS
$11.2B
$21M 0.71%
81,257
+145
+0.2% +$36.3K
FND icon
28
Floor & Decor
FND
$6.22B
$17.4M 0.59%
236,148
+317
+0.1% +$26K
JPM icon
29
JPMorgan Chase
JPM
$935B
$16M 0.54%
50,705
-245
-0.5% -$72.9K
MA icon
30
Mastercard
MA
$506B
$15.8M 0.53%
27,724
-117
-0.4% -$67.2K
BLDR icon
31
Builders FirstSource
BLDR
$7.15B
$10.6M 0.36%
87,096
-221
-0.3% -$29.3K
BRK.A icon
32
Berkshire Hathaway Class A
BRK.A
$1.1T
$8.47M 0.29%
11
– –
TWFG
33
TWFG Inc
TWFG
$348M
$8.24M 0.28%
300,317
+122,469
+69% +$3.54M
FERG icon
34
Ferguson
FERG
$45.4B
$7.97M 0.27%
35,503
-176
-0.5% -$39.9K
ALGN icon
35
Align Technology
ALGN
$12.1B
$5.72M 0.19%
45,691
-667
-1% -$104K
AAPL icon
36
Apple
AAPL
$4.54T
$4.3M 0.15%
16,875
-101
-0.6% -$22.8K
CACC icon
37
Credit Acceptance
CACC
$5.95B
$2.58M 0.09%
6,874
-23,627
-77% -$11.8M
TSM icon
38
TSMC
TSM
$2.1T
$2.28M 0.08%
8,163
-3,387
-29% -$828K
COF icon
39
Capital One
COF
$128B
$1.76M 0.06%
8,275
-999
-11% -$219K
SPY icon
40
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$1.65M 0.06%
2,474
– –
YUMC icon
41
Yum China
YUMC
$16.5B
$1.55M 0.05%
36,036
– –
MTB icon
42
M&T Bank
MTB
$35.7B
$1.49M 0.05%
7,540
– –
GLD icon
43
SPDR Gold Trust
GLD
$131B
$1.38M 0.05%
3,876
– –
ITB icon
44
iShares US Home Construction ETF
ITB
$2.26B
$1.24M 0.04%
11,561
+43
+0.4% +$4.53K
BIRK icon
45
Birkenstock
BIRK
$7.12B
$1.24M 0.04%
27,392
– –
CPRT icon
46
Copart
CPRT
$27B
$1.24M 0.04%
27,484
– –
MSFT icon
47
Microsoft
MSFT
$3.45T
$882K 0.03%
1,703
-600
-26% -$306K
DFH icon
48
Dream Finders Homes
DFH
$1.17B
$835K 0.03%
32,202
– –
ODFL icon
49
Old Dominion Freight Line
ODFL
$44.1B
$740K 0.03%
5,255
– –
NVO
50
Novo Nordisk
NVO
$208B
$688K 0.02%
12,400
– –
1
2
3

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Giverny Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Giverny Capital held 56 positions worth $2.95B, up 1.2% from $2.92B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Giverny Capital's Q3 2025 filing shows 1 new, 23 increased, 16 reduced and 4 closed positions. Its largest new stake was ResMed: 235,418 shares worth $64.4M. The largest sale was Starbucks, an estimated $68.7M.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.

  • Giverny Capital's largest Q3 2025 buy was ResMed: 235,418 shares worth $64.4M.
  • Giverny Capital added most to Kinsale Capital Group in Q3 2025, an estimated $5.13M increase.
  • Giverny Capital's biggest Q3 2025 reduction was Credit Acceptance, cutting an estimated $11.8M.
  • Giverny Capital fully exited Starbucks in Q3 2025, selling an estimated $68.7M.
  • Giverny Capital's ten largest holdings make up 58% of its $2.95B portfolio in Q3 2025.
  • Giverny Capital opened 1 new position and closed 4 in Q3 2025.
  • Giverny Capital's portfolio value rose 1.2% quarter-over-quarter to $2.95B.

Based on Giverny Capital's 13F filing for Q3 2025, filed 14 Nov 2025.