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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
BRK.B icon
1
Berkshire Hathaway Class B
BRK.B
$1.07T
$254M 8.48%
505,984
-4,660
-0.9% -$2.32M
META icon
2
Meta Platforms (Facebook)
META
$1.51T
$207M 6.9%
313,449
+1,639
+0.5% +$1.09M
AME icon
3
Ametek
AME
$55.7B
$201M 6.71%
979,458
-17,218
-2% -$3.35M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$3.99T
$201M 6.69%
639,507
+1,294
+0.2% +$371K
HEI.A icon
5
HEICO Corp Class A
HEI.A
$36.3B
$190M 6.35%
754,532
+5,031
+0.7% +$1.24M
SCHW
6
Charles Schwab
SCHW
$181B
$158M 5.28%
1,585,661
+9,885
+0.6% +$938K
MEDP icon
7
Medpace
MEDP
$16.5B
$148M 4.93%
263,320
+1,518
+0.6% +$862K
V icon
8
Visa
V
$689B
$143M 4.77%
407,345
+1,825
+0.5% +$622K
IBP icon
9
Installed Building Products
IBP
$6.16B
$135M 4.49%
519,236
+4,500
+0.9% +$1.16M
PGR icon
10
Progressive
PGR
$125B
$122M 4.08%
536,832
+2,943
+0.6% +$665K
FIVE icon
11
Five Below
FIVE
$11.5B
$120M 4.01%
637,747
+657
+0.1% +$107K
BKNG icon
12
Booking.com
BKNG
$145B
$115M 3.83%
536,125
+2,550
+0.5% +$525K
GOOGL icon
13
Alphabet (Google) Class A
GOOGL
$3.99T
$113M 3.77%
361,398
+2,255
+0.6% +$644K
NVR icon
14
NVR
NVR
$16.9B
$103M 3.43%
14,112
+37
+0.3% +$277K
MKL icon
15
Markel Group
MKL
$25.2B
$94.5M 3.15%
43,978
+149
+0.3% +$302K
KNSL icon
16
Kinsale Capital Group
KNSL
$8.24B
$83.8M 2.8%
214,264
+23,802
+12% +$9.71M
KEYS icon
17
Keysight
KEYS
$53.6B
$67.9M 2.26%
334,046
+119
+0% +$22.1K
DIS icon
18
Walt Disney
DIS
$168B
$61.9M 2.07%
544,419
+284,019
+109% +$31.3M
BRO icon
19
Brown & Brown
BRO
$23.6B
$61.6M 2.05%
772,520
+450,274
+140% +$37.6M
OZK icon
20
Bank OZK
OZK
$5.5B
$58.2M 1.94%
1,264,042
+2,082
+0.2% +$97.4K
RMD icon
21
ResMed
RMD
$29.5B
$56.7M 1.89%
235,388
-30
-0% -$7.67K
ANET icon
22
Arista Networks
ANET
$215B
$54.9M 1.83%
419,158
+6,759
+2% +$930K
ADI icon
23
Analog Devices
ADI
$181B
$47.9M 1.6%
176,747
+279
+0.2% +$70.1K
BFAM icon
24
Bright Horizons
BFAM
$4.1B
$41.6M 1.39%
+410,196
New +$41.4M
LULU icon
25
lululemon athletica
LULU
$13.4B
$30M 1%
144,237
+236
+0.2% +$42.8K
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.