Giverny Capital

Q2 2024 13F · by François Rochon, CEO

As of: Jun 30, 2024
Filed: Aug 14, 2024
US stock: $2.4B · prev $2.5B
Positions: 50 · prev 53
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves42 since the prior filing

+2.5 pp in · −2.6 pp out

New 0 0.00 pp
Added 34 +2.55 pp
Trimmed 5 −2.28 pp
Exited 3 −0.29 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 12% a year, about 8.4 years per position

Low
Moderate
High

Top 5 positions32% of US stock

Positions50 in this filing · 3 exited


BRK.BBERKSHIRE HATHAWAY Class B	8.33%	484,470	$197M	added+1%	+0.14 pp	31 q
AMEAmetek, Inc.	6.60%	936,696	$156M	added+1%	−0.29 pp	31 q
METAMeta Platforms, Inc. Class A	6.34%	297,713	$150M	added+1%	+0.51 pp	25 q
HEI.AHeico Corp Cl A	5.43%	723,697	$128M	added+1%	+0.94 pp	32 q
GOOGAlphabet Inc. Class C	5.02%	647,436	$119M	added0%	+1.03 pp	38 q
KMXCarMax Inc.	4.94%	1,594,948	$117M	added+1%	−0.66 pp	38 q
PGRProgressive Corporation	4.69%	534,821	$111M	added+1%	+0.24 pp	20 q
VVISA Inc.	4.29%	386,967	$102M	added+1%	−0.04 pp	38 q
NVRNVR, Inc.	4.23%	13,179	$100M	added0%	−0.09 pp	24 q
IBPInstalled Building Products, Inc.	4.10%	471,552	$97M	added+1%	−0.81 pp	11 q
BKNGBooking Holdings Inc.	3.35%	20,003	$79M	added+77%	+1.69 pp	2 q
MEDPMedpace Holdings, Inc.	3.27%	188,094	$77M	added+2%	+0.23 pp	4 q
FIVEFive Below, Inc.	3.21%	697,875	$76M	added+5%	−1.70 pp	30 q
FISVFiserv, Inc.	3.05%	484,933	$72M	added+1%	−0.07 pp	6 q
KEYSKeysight Technologies, Inc.	2.77%	479,558	$66M	added0%	−0.27 pp	22 q
MKLMarkel Group Inc.	2.76%	41,471	$65M	trimmed−49%	−2.22 pp	38 q
SCHWThe Charles Schwab Corporation	2.71%	869,813	$64M	added+1%	+0.18 pp	24 q
GOOGLAlphabet Inc. Class A	2.39%	310,083	$56M	added+6%	+0.60 pp	32 q
SBUXStarbucks Corp	2.35%	715,626	$56M	added+93%	+0.97 pp	16 q
MTBM&T Bank Corp.	2.21%	345,262	$52M	trimmed−2%	+0.13 pp	13 q
OZKBank OZK	2.07%	1,194,539	$49M	added+3%	−0.08 pp	23 q
ADIAnalog Devices, Inc.	1.93%	200,423	$46M	added+4%	+0.38 pp	11 q
EWEdwards Lifesciences Corp	1.74%	446,016	$41M	added0%	+0.01 pp	27 q
BACBank of America Corporation	1.66%	986,115	$39M	trimmed−0%	+0.14 pp	22 q
LULUlululemon athletica inc.	1.64%	130,113	$39M	added+1%	−0.41 pp	28 q
ANETArista Networks	1.45%	97,619	$34M	added+2%	+0.32 pp	17 q
FBINFortune Brands Innovations, Inc.	1.22%	445,631	$29M	trimmed−2%	−0.34 pp	34 q
FNDFloor & Decor Holdings, Inc.	1.16%	276,298	$27M	added+1%	−0.27 pp	9 q
DISThe Walt Disney Company	0.98%	233,262	$23M	added0%	−0.18 pp	38 q
LFUSLittelfuse Inc	0.85%	78,692	$20M	added+1%	+0.08 pp	27 q
CACCCredit Acceptance Corp	0.55%	25,107	$13M	added+4%	+0.01 pp	17 q
KNSLKinsale Capital Group, Inc.	0.53%	32,744	$13M	added+86%	+0.15 pp	4 q
MAMastercard Incorporated	0.44%	23,524	$10M	added+3%	−0.01 pp	38 q
JPMJPMorgan Chase & Co.	0.34%	40,226	$8M	added+3%	+0.02 pp	33 q
ALGNAlign Technology Inc	0.31%	29,991	$7M	added+4%	−0.07 pp	3 q
FERGFerguson Enterprises Inc.	0.24%	29,765	$6M	added+3%	−0.02 pp	4 q
BRK.ABerkshire Hathaway Inc.	0.18%	7	$4M	held	—	28 q
SPYState Street SPDR S&P 500 ETF Trust	0.11%	4,752	$3M	held	—	28 q
AAPLApple Inc.	0.09%	10,027	$2M	held	—	24 q
NVONovo-Nordisk A/S	0.07%	12,400	$2M	held	—	16 q
CPRTCopart Inc	0.06%	27,484	$1M	held	—	9 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	0.06%	8,163	$1M	trimmed−0%	+0.01 pp	17 q
ABNBAirbnb, Inc. Class A	0.05%	7,055	$1M	held	—	2 q
ITBiShares U.S. Home Construction ETF	0.05%	12,562	$1M	added+11%	0.00 pp	13 q
DFHDream Finders Homes, Inc.	0.04%	32,202	$831,456	held	—	3 q
ODFLOld Dominion Freight Line	0.04%	4,724	$834,258	added×2.0	+0.02 pp	22 q
GLDSPDR Gold Trust, SPDR Gold Shares	0.04%	4,206	$904,332	held	—	11 q
SLViShares Silver Trust	0.03%	23,000	$611,110	held	—	16 q
GBTCGrayscale Bitcoin Trust ETF	0.02%	7,442	$396,212	held	—	2 q
SITESiteOne Landscape Supply, Inc.	0.02%	3,753	$455,652	held	—	11 q
COHRCoherent Corp.	—	−116,314	—	exited	−0.29 pp	—
CIENCiena Corporation	—	−661	—	exited	0.00 pp	—
TJXTJX Companies, Inc. (The)	—	−1,085	—	exited	0.00 pp	—