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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
+3.93%
1 Year Est. Return
+14.09%
3 Year Est. Return
+73%
5 Year Est. Return
+84.96%
10 Year Est. Return
+346.67%
AUM
$3B
AUM Growth
+$46.6M
Cap. Flow
-$38.1M
Cap. Flow %
-1.27%
Top 10 Hldgs %
58.7%
Holding
54
New
2
Increased
30
Reduced
6
Closed
4

Top Buys

Rank Stock Value
1
BFAM icon
Bright Horizons
BFAM
+$41.4M
2
BRO icon
Brown & Brown
BRO
+$37.6M
3
DIS icon
Walt Disney
DIS
+$31.3M
4
KNSL icon
Kinsale Capital Group
KNSL
+$9.71M
5
TSM icon
TSMC
TSM
+$2.32M

Top Sells

Rank Stock Value
1
FISV
Fiserv Inc
FISV
+$84M
2
KMX icon
CarMax
KMX
+$74.9M
3
ALGN icon
Align Technology
ALGN
+$5.72M
4
AME icon
Ametek
AME
+$3.35M
5
CACC icon
Credit Acceptance
CACC
+$2.58M

Sector Composition

Rank Sector Weight
1 Financials 34.37%
2 Communication Services 19.44%
3 Consumer Discretionary 18.74%
4 Industrials 13.72%
5 Healthcare 6.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LFUS icon
26
Littelfuse
LFUS
$10.4B
$20.6M 0.69%
81,585
+328
+0.4% +$83.5K
JPM icon
27
JPMorgan Chase
JPM
$916B
$16.7M 0.56%
51,838
+1,133
+2% +$351K
MA icon
28
Mastercard
MA
$498B
$16.4M 0.55%
28,759
+1,035
+4% +$579K
FND icon
29
Floor & Decor
FND
$6.03B
$14.4M 0.48%
235,876
-272
-0.1% -$17.6K
TWFG
30
TWFG Inc
TWFG
$370M
$9.54M 0.32%
331,511
+31,194
+10% +$848K
BLDR icon
31
Builders FirstSource
BLDR
$7.29B
$9.26M 0.31%
89,984
+2,888
+3% +$325K
BRK.A icon
32
Berkshire Hathaway Class A
BRK.A
$1.1T
$8.3M 0.28%
11
– –
FERG icon
33
Ferguson
FERG
$43.9B
$8.1M 0.27%
36,374
+871
+2% +$208K
TSM icon
34
TSMC
TSM
$1.94T
$4.84M 0.16%
16,069
+7,906
+97% +$2.32M
AAPL icon
35
Apple
AAPL
$4.97T
$4.49M 0.15%
16,518
-357
-2% -$95.8K
COF icon
36
Capital One
COF
$128B
$2.01M 0.07%
8,274
-1
-0% -$223
YUMC icon
37
Yum China
YUMC
$15.7B
$1.72M 0.06%
36,036
– –
SPY icon
38
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$1.69M 0.06%
2,474
– –
GLD icon
39
SPDR Gold Trust
GLD
$131B
$1.54M 0.05%
3,876
– –
MTB icon
40
M&T Bank
MTB
$36.3B
$1.52M 0.05%
7,540
– –
ITB icon
41
iShares US Home Construction ETF
ITB
$2.32B
$1.13M 0.04%
11,698
+137
+1% +$13.8K
BIRK icon
42
Birkenstock
BIRK
$7.64B
$1.12M 0.04%
27,392
– –
CPRT icon
43
Copart
CPRT
$28.5B
$1.08M 0.04%
27,484
– –
MSFT icon
44
Microsoft
MSFT
$2.9T
$824K 0.03%
1,704
+1
+0.1% +$501
ODFL icon
45
Old Dominion Freight Line
ODFL
$46.3B
$824K 0.03%
5,255
– –
NVO
46
Novo Nordisk
NVO
$228B
$631K 0.02%
12,400
– –
DFH icon
47
Dream Finders Homes
DFH
$1.41B
$551K 0.02%
32,202
– –
SITE icon
48
SiteOne Landscape Supply
SITE
$4.09B
$467K 0.02%
3,753
– –
ISRG icon
49
Intuitive Surgical
ISRG
$127B
$229K 0.01%
+405
New +$216K
COST icon
50
Costco
COST
$432B
$207K 0.01%
240
– –
1
2
3

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Giverny Capital's Q4 2025 Portfolio in Review

As of Q4 2025, Giverny Capital held 54 positions worth $3B, up 1.6% from $2.95B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Giverny Capital's Q4 2025 filing shows 2 new, 30 increased, 6 reduced and 4 closed positions. Its largest new stake was Bright Horizons: 410,196 shares worth $41.6M. The largest sale was Fiserv Inc, an estimated $84M.

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

  • Giverny Capital's largest Q4 2025 buy was Bright Horizons: 410,196 shares worth $41.6M.
  • Giverny Capital added most to Brown & Brown in Q4 2025, an estimated $37.6M increase.
  • Giverny Capital's biggest Q4 2025 reduction was Ametek, cutting an estimated $3.35M.
  • Giverny Capital fully exited Fiserv Inc in Q4 2025, selling an estimated $84M.
  • Giverny Capital's ten largest holdings make up 59% of its $3B portfolio in Q4 2025.
  • Giverny Capital opened 2 new positions and closed 4 in Q4 2025.
  • Giverny Capital's portfolio value rose 1.6% quarter-over-quarter to $3B.

Based on Giverny Capital's 13F filing for Q4 2025, filed 13 Feb 2026.