Skip to main content
Livermore
Livermore
US stocksTW
ZHEN

Giverny Capital

Superinvestor

Giverny Capital Inc.

SEC CIK
0001641864
Manager
François Rochon
Style
Quality
Latest filing
Aug 26, 2026

The latest 13F from Giverny Capital covers Q2 2026 (filed Aug 26, 2026): 51 long positions worth $2.95B. The top 10 holdings make up 51.9% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 7.3%. Livermore has 32 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Full comparison

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

New
7
Est. +$136.8M
Added
11
Est. +$134.5M
Reduced
31
Est. −$251.8M
Sold out
7
Est. −$6.65M

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    7.3%$213.9MHistory
  2. HEI.AHeico Corp
    6.4%$189.6MHistory
  3. METAMeta Platforms, Inc.
    5.8%$170.6MHistory
  4. SCHWSchwab Charles Corp
    5.3%$155.2MHistory
  5. ADPAutomatic Data Processing Inc
    5.0%$146.6MHistory

Share of portfolio

Top 5 holdings and the other 46 positions, by share of portfolio value

  1. GOOG7.3%
  2. HEI.A6.4%
  3. META5.8%
  4. SCHW5.3%
  5. ADP5.0%
  6. Other 46 positions70.3%

Biggest buys

New and added positions, by estimated amount bought

  1. ADPAutomatic Data Processing Inc
    +$52.7MAddedHistory
  2. NYTNew York Times Co
    +$33.9MNewHistory
  3. RMDResmed Inc
    +$30.7MAddedHistory
  4. MSAMSA Safety Inc
    +$29.0MNewHistory
  5. WSOWatsco Inc
    +$27.5MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. ADPAutomatic Data Processing Inc
    +1.85 pp3.1% → 5.0%History
  2. NYTNew York Times Co
    +1.15 pp0.0% → 1.1%History
  3. MSAMSA Safety Inc
    +0.98 pp0.0% → 1.0%History
  4. WSOWatsco Inc
    +0.93 pp0.0% → 0.9%History
  5. RMDResmed Inc
    +0.67 pp1.9% → 2.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. BRK.BBerkshire Hathaway Inc
    −$65.1MReducedHistory
  2. KEYSKeysight Technologies, Inc.
    −$63.1MReducedHistory
  3. ADIAnalog Devices Inc
    −$30.9MReducedHistory
  4. MKLMarkel Group Inc.
    −$23.6MReducedHistory
  5. ANETArista Networks, Inc.
    −$14.2MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. BRK.BBerkshire Hathaway Inc
    −2.43 pp6.6% → 4.2%History
  2. KEYSKeysight Technologies, Inc.
    −1.64 pp3.3% → 1.7%History
  3. FIVEFive Below, Inc
    −1.52 pp5.2% → 3.6%History
  4. MKLMarkel Group Inc.
    −0.96 pp3.0% → 2.0%History
  5. IBPInstalled Building Products, Inc.
    −0.82 pp3.9% → 3.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.95B
+$217.9M (+8.0%) vs. prior quarter
Positions
51
0 vs. prior quarter
Top 10 concentration
51.9%
Top 10 as share of value
Turnover
9.1%
Q2 2026, one quarter
Average holding period
16.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.00B (Q4 2025)

Q1 2021: $1.50BQ2 2021: $1.64BQ3 2021: $1.68BQ4 2021: $1.87BQ1 2022: $1.77BQ2 2022: $1.52BQ3 2022: $1.48BQ4 2022: $1.62BQ1 2023: $1.66BQ2 2023: $1.90BQ3 2023: $1.84BQ4 2023: $2.13BQ1 2024: $2.46BQ2 2024: $2.37BQ3 2024: $2.63BQ4 2024: $2.74BQ1 2025: $2.71BQ2 2025: $2.92BQ3 2025: $2.95BQ4 2025: $3.00BQ1 2026: $2.73BQ2 2026: $2.95B
Q1 2021Q2 2026
13F filings of Giverny Capital by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 26, 2026Amended51$2.95BGOOGHEI.AMETAvs. Q1 2026SEC
Q1 2026May 15, 202651$2.73BBRK.BGOOGMETAvs. Q4 2025SEC
Q4 2025Feb 13, 202650$3.00BBRK.BMETAAMEvs. Q3 2025SEC
Q3 2025Nov 17, 2025Amended52$2.95BBRK.BMETAHEI.Avs. Q2 2025SEC
Q2 2025Aug 13, 202555$2.92BBRK.BMETAHEI.Avs. Q1 2025SEC
Q1 2025Aug 12, 2025Amended54$2.71BBRK.BMETAAMEvs. Q4 2024SEC
Q4 2024Aug 12, 2025Amended62$2.74BBRK.BMETAAMEvs. Q3 2024SEC
Q3 2024Nov 13, 202452$2.63BBRK.BMETAAMEvs. Q2 2024SEC
Q2 2024Aug 14, 202450$2.37BBRK.BAMEMETAvs. Q1 2024SEC
Q1 2024Aug 20, 2024Amended53$2.46BBRK.BAMEMETAvs. Q4 2023SECSEC
Q4 2023Aug 23, 2024Amended59$2.13BBRK.BAMEFIVEvs. Q3 2023SECSEC
Q3 2023Jan 25, 2024Amended59$1.84BBRK.BAMEMKLvs. Q2 2023SEC
Q2 2023Aug 7, 202359$1.90BBRK.BAMEKMXvs. Q1 2023SEC
Q1 2023May 12, 202360$1.66BBRK.BFIVEAMEvs. Q4 2022SEC
Q4 2022May 17, 2023Amended66$1.62BBRK.BAMEFIVEvs. Q3 2022SEC
Q3 2022Nov 14, 202263$1.48BBRK.BAMEMKLvs. Q2 2022SEC
Q2 2022Aug 12, 202263$1.52BBRK.BKMXMKLvs. Q1 2022SEC
Q1 2022May 12, 202263$1.77BBRK.BGOOGMKLvs. Q4 2021SEC
Q4 2021Feb 11, 202264$1.87BBRK.BKMXAMEvs. Q3 2021SEC
Q3 2021Nov 15, 2021Amended59$1.68BBRK.BKMXGOOGvs. Q2 2021SEC
Q2 2021Aug 13, 202157$1.64BBRK.BKMXAMEvs. Q1 2021SEC
Q1 2021May 17, 202153$1.50BBRK.BKMXAME–SEC