Francois Rochon, Giverny Capital
Portfolio USD 2,974,321,000 across 51 positions as of 2026 Q2; history from 2017 Q4. Source: quarterly 13F filings via dataroma.com.
Positions, 2026 Q2
- GOOG Alphabet Inc. CL C: 7.2% of portfolio, USD 213,927,000, reduce -2.49%
- HEI.A HEICO Corp. CL A: 6.4% of portfolio, USD 189,628,000, reduce -0.44%
- META Meta Platforms Inc.: 5.7% of portfolio, USD 170,614,000, reduce -1.6%
- SCHW Charles Schwab Corp.: 5.2% of portfolio, USD 155,158,000, add +9.46%
- ADP Automatic Data Processing Inc.: 4.9% of portfolio, USD 146,588,000, add +56.19%
- AME Ametek Inc.: 4.9% of portfolio, USD 144,869,000, reduce -2.17%
- MEDP Medpace Holdings Inc.: 4.5% of portfolio, USD 134,479,000, reduce -0.84%
- V Visa Inc.: 4.5% of portfolio, USD 133,771,000, reduce -1.63%
- BRK.B Berkshire Hathaway CL B: 4.2% of portfolio, USD 124,320,000, reduce -34.38%
- PGR Progressive Corp.: 4.0% of portfolio, USD 118,464,000, add +2.64%
- GOOGL Alphabet Inc.: 3.7% of portfolio, USD 110,827,000, reduce -11.01%
- FIVE Five Below Inc.: 3.6% of portfolio, USD 107,536,000, reduce -3.09%
- BKNG Booking Holdings Inc.: 3.1% of portfolio, USD 93,160,000, reduce -1%
- IBP Installed Building Products: 3.1% of portfolio, USD 91,399,000, reduce -1.49%
- NVR NVR Inc.: 3.0% of portfolio, USD 90,196,000, reduce -3%
- KNSL Kinsale Capital Group Inc.: 2.7% of portfolio, USD 79,395,000, add +9.95%
- BFAM Bright Horizons Family Solutions Inc.: 2.6% of portfolio, USD 76,607,000, add +45.59%
- RMD ResMed Inc.: 2.5% of portfolio, USD 75,548,000, add +68.55%
- OZK Bank OZK: 2.1% of portfolio, USD 62,410,000, reduce -2.68%
- MKL Markel Group Inc.: 2.0% of portfolio, USD 60,303,000, reduce -28.1%
- ANET Arista Networks Inc.: 1.9% of portfolio, USD 57,741,000, reduce -19.72%
- KEYS Keysight Technologies Inc.: 1.7% of portfolio, USD 50,085,000, reduce -55.73%
- DIS Walt Disney Co.: 1.7% of portfolio, USD 49,623,000, reduce -3.9%
- BRO Brown & Brown Inc.: 1.6% of portfolio, USD 48,323,000, reduce -0.26%
- ADI Analog Devices: 1.3% of portfolio, USD 37,060,000, reduce -45.45%
- NYT New York Times CL A: 1.1% of portfolio, USD 33,900,000, new
- LFUS Littelfuse Inc.: 1.1% of portfolio, USD 33,751,000, reduce -8.17%
- MSA MSA Safety Inc.: 1.0% of portfolio, USD 29,034,000, new
- WSO Watsco Inc.: 0.9% of portfolio, USD 27,494,000, new
- AAON AAON Inc.: 0.9% of portfolio, USD 25,978,000, add +1.46%
- GLD SPDR Gold Trust: 0.8% of portfolio, USD 25,033,000, hold
- SUNB Sunbelt Rentals Holdings Inc: 0.7% of portfolio, USD 21,594,000, reduce -9.04%
- VEEV Veeva Systems Inc.: 0.6% of portfolio, USD 16,852,000, new
- AXP American Express: 0.5% of portfolio, USD 15,754,000, new
- TWFG Twfg Inc: 0.5% of portfolio, USD 15,691,000, add +18.17%
- JPM JPMorgan Chase & Co.: 0.5% of portfolio, USD 15,671,000, reduce -8.46%
- MA Mastercard Inc.: 0.5% of portfolio, USD 14,800,000, add +2.67%
- LULU Lululemon Athletica Inc.: 0.5% of portfolio, USD 14,707,000, reduce -9.68%
- FND Floor & Decor Holdings: 0.5% of portfolio, USD 13,645,000, reduce -0.85%
- HWKN Hawkins Inc.: 0.5% of portfolio, USD 13,493,000, new
- FERG Ferguson Enterprises Inc.: 0.3% of portfolio, USD 8,871,000, add +1.78%
- BLDR Builders FirstSource Inc.: 0.3% of portfolio, USD 8,184,000, reduce -0.38%
- BRK.A Berkshire Hathaway CL A: 0.2% of portfolio, USD 6,740,000, reduce -18.18%
- AAPL Apple Inc.: 0.1% of portfolio, USD 3,760,000, reduce -13.6%
- TSM Taiwan Semiconductor S.A.: 0.1% of portfolio, USD 1,746,000, reduce -55.02%
- SPY SPDR S&P 500 ETF Trust: 0.1% of portfolio, USD 1,713,000, reduce -7.28%
- YUMC Yum China Holdings Inc.: 0.1% of portfolio, USD 1,473,000, hold
- ITB Ishares U.S. Home Constructi: <0.1% of portfolio, USD 1,218,000, add +7.44%
- MSFT Microsoft Corp.: <0.1% of portfolio, USD 667,000, reduce -6.44%
- QQQ Invesco Qqq Trust Series 1: <0.1% of portfolio, USD 288,000, new
- CPRT Copart Inc.: <0.1% of portfolio, USD 233,000, reduce -69.9%
Portfolio value, all published quarters
- 2017 Q4: USD 728,703,068
- 2018 Q1: USD 746,829,292
- 2018 Q2: USD 768,741,091
- 2018 Q3: USD 883,246,529
- 2018 Q4: USD 758,678,514
- 2019 Q1: USD 871,517,706
- 2019 Q2: USD 990,178,591
- 2019 Q3: USD 1,003,085,179
- 2019 Q4: USD 1,105,076,373
- 2020 Q1: USD 785,060,181
- 2020 Q2: USD 1,005,536,624
- 2020 Q3: USD 1,090,286,867
- 2020 Q4: USD 1,304,204,561
- 2021 Q1: USD 1,494,477,246
- 2021 Q2: USD 1,644,008,142
- 2021 Q3: USD 1,676,829,504
- 2021 Q4: USD 1,873,990,084
- 2022 Q1: USD 1,772,039,653
- 2022 Q2: USD 1,517,881,609
- 2022 Q3: USD 1,475,711,149
- 2022 Q4: USD 1,617,211,838
- 2023 Q1: USD 1,659,904,475
- 2023 Q2: USD 1,901,634,395
- 2023 Q3: USD 1,842,270,575
- 2023 Q4: USD 2,128,956,055
- 2024 Q1: USD 2,462,830,907
- 2024 Q2: USD 2,366,458,561
- 2024 Q3: USD 2,630,121,679
- 2024 Q4: USD 2,736,236,747
- 2025 Q1: USD 2,712,673,183
- 2025 Q2: USD 2,915,515,317
- 2025 Q3: USD 2,950,847,967
- 2025 Q4: USD 2,997,166,685
- 2026 Q1: USD 2,731,348,545
- 2026 Q2: USD 2,974,321,000