Giverny Capital Inc.
Sector Allocation
- Technology28.4%$843.6M
- Financials27.4%$813.4M
- Industrials19.2%$571.8M
- Healthcare10.6%$315.7M
- Consumer Discretionary9.0%$267.1M
- Communication Services2.8%$83.5M
- Other2.2%$65.6M
- Consumer Staples0.5%$13.5M
AUM History
13fpro.ai/research/fund/giverny-capital-inc-1641864
Conviction and streaks
Diversifying · top 10 = 51.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GOOG
$213.9MHEI.A
$189.6MMETA
$170.6MSCHW
$155.2MADP
$146.6MAME
$144.9MMEDP
$134.5MV
$133.8MBRK.B
$124.3MPGR
$118.5MGOOGL
$110.8MFIVE
$107.5MBKNG
$93.2MIBP
$91.4MNVR
$90.2MKNSL
$79.4MBFAM
$76.6MRMD
$75.5MOZK
$62.4MMKL
$60.3M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/giverny-capital-inc-1641864
Giverny Capital Inc. 13F holdings — Q2 2026
$3.0B portfolio (+8.9% QoQ) · 51 holdings · Q2 2026 13F · top 10 are 52% of the stock portfolio
$213.9M
7.2% of stocks
-2%This quarter-8.5%Since filed3+ qtrsHeld$189.6M
6.4% of stocks
-0.4%This quarter-17.3%Since filed3+ qtrsHeld$170.6M
5.7% of stocks
-2%This quarter+6.9%Since filed3+ qtrsHeld$155.2M
5.2% of stocks
+9%This quarter-19.2%Since filed3+ qtrsHeld$146.6M
4.9% of stocks
+56%This quarter+10.3%Since filed2 qtrsHeld$144.9M
4.9% of stocks
-2%This quarter-4.7%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$134.5M
4.5% of stocks
-0.8%This quarter+17.0%Since filed3+ qtrsHeld$133.8M
4.5% of stocks
-2%This quarter+11.0%Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$124.3M
4.2% of stocks
-34%This quarter—Since filed3+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$118.5M
4.0% of stocks
+3%This quarter+9.4%Since filed3+ qtrsHeld
All holdings — Giverny Capital Inc. (Q2 2026)
51 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Alphabet Inc. | Technology | $110.8M | 3.7% | 310K | -11% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | FIVE BELOW, INC | Consumer Discretionary | $107.5M | 3.6% | 598K | -3% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Booking Holdings Inc. | Consumer Discretionary | $93.2M | 3.1% | 523K | +2375% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Installed Building Products, Inc. | Industrials | $91.4M | 3.1% | 398K | -1% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | NVR INC | Industrials | $90.2M | 3.0% | 13K | -3% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Kinsale Capital Group, Inc. | Financials | $79.4M | 2.7% | 241K | +10% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | BRIGHT HORIZONS FAMILY SOLUTIONS INC. | Healthcare | $76.6M | 2.6% | 1.08M | +46% | 3+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | RESMED INC | Healthcare | $75.5M | 2.5% | 388K | +69% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Bank OZK | Other | $62.4M | 2.1% | 1.20M | -3% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | MARKEL GROUP INC. | Financials | $60.3M | 2.0% | 31K | -28% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Arista Networks, Inc. | Technology | $57.7M | 1.9% | 340K | -20% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Keysight Technologies, Inc. | Technology | $50.1M | 1.7% | 143K | -56% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Walt Disney Co | Communication Services | $49.6M | 1.7% | 516K | -4% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | BROWN & BROWN, INC. | Financials | $48.3M | 1.6% | 753K | -0.3% | 3+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | ANALOG DEVICES INC | Technology | $37.1M | 1.3% | 93K | -45% | 3+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NYT | NEW YORK TIMES CO | Communication Services | $33.9M | 1.1% | 484K | New | |||
| 27 | $LFUS | LITTELFUSE INC /DE | Technology | $33.8M | 1.1% | 74K | -8% | |||
| 28 | $MSA | MSA Safety Inc | Healthcare | $29.0M | 1.0% | 166K | New | |||
| 29 | $WSO | WATSCO INC | Consumer Discretionary | $27.5M | 0.9% | 66K | New | |||
| 30 | $AAON | AAON, INC. | Industrials | $26.0M | 0.9% | 205K | +1% | |||
| 31 | $GLD | SPDR GOLD TRUST | Financials | $25.0M | 0.8% | 3,876 | — | |||
| 32 | $SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $21.6M | 0.7% | 246K | -9% | |||
| 33 | $VEEV | VEEVA SYSTEMS INC | Technology | $16.9M | 0.6% | 95K | New | |||
| 34 | $AXP | AMERICAN EXPRESS CO | Financials | $15.8M | 0.5% | 47K | New | |||
| 35 | $TWFG | TWFG, Inc. | Financials | $15.7M | 0.5% | 652K | +18% | |||
| 36 | $JPM | JPMORGAN CHASE & CO | Financials | $15.7M | 0.5% | 48K | -8% | |||
| 37 | $MA | Mastercard Inc | Financials | $14.8M | 0.5% | 29K | +3% | |||
| 38 | $LULU | lululemon athletica inc. | Consumer Discretionary | $14.7M | 0.5% | 129K | -10% | |||
| 39 | $FND | Floor & Decor Holdings, Inc. | Consumer Discretionary | $13.6M | 0.5% | 230K | -0.8% | |||
| 40 | $HWKN | HAWKINS INC | Consumer Staples | $13.5M | 0.5% | 95K | New | |||
| 41 | $FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $8.9M | 0.3% | 37K | +2% | |||
| 42 | $BLDR | Builders FirstSource, Inc. | Industrials | $8.2M | 0.3% | 91K | -0.4% | |||
| 43 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $6.7M | 0.2% | 9 | -18% | |||
| 44 | $AAPL | Apple Inc. | Technology | $3.8M | 0.1% | 13K | -14% | |||
| 45 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $1.7M | 0.1% | 3,655 | -55% | |||
| 46 | $SPY | SPDR S&P 500 ETF TRUST | — | $1.7M | 0.1% | 2,294 | -7% | |||
| 47 | $YUMC | Yum China Holdings, Inc. | Consumer Discretionary | $1.5M | 0.1% | 36K | — | |||
| 48 | — | ISHARES TR - US HOME CONS ETF | — | $1.2M | 0.0% | 12K | +7% | |||
| 49 | $MSFT | MICROSOFT CORP | Technology | $667K | 0.0% | 1,787 | -6% | |||
| 50 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $288K | 0.0% | 391 | New | |||
| 51 | $CPRT | COPART INC | Consumer Discretionary | $233K | 0.0% | 8,274 | -70% |
What changed in Q2 2026
Against the previous quarter's 13F: 7 new, 12 added to, 30 trimmed, 7 sold out. Share-count changes; largest moves by dollar size first.
New positions (7)
$NYTNEW YORK TIMES CO$33.9M
first bought this quarter
$MSAMSA Safety Inc$29.0M
first bought this quarter
$WSOWATSCO INC$27.5M
first bought this quarter
$VEEVVEEVA SYSTEMS INC$16.9M
first bought this quarter
$AXPAMERICAN EXPRESS CO$15.8M
first bought this quarter
$HWKNHAWKINS INC$13.5M
first bought this quarter
+1 more in the Excel export
Added to (12)
now $93.2M · held 3+ qtrs
now $146.6M · held 2 qtrs, 2 adds in a row
now $75.5M · held 3+ qtrs
now $76.6M · held 3+ qtrs, 2 adds in a row
now $155.2M · held 3+ qtrs
now $79.4M · held 3+ qtrs, 2 adds in a row
+6 more in the Excel export
Trimmed (30)
now $124.3M · held 3+ qtrs, 2 trims in a row
$KEYSKeysight Technologies, Inc.-56%
now $50.1M · held 3+ qtrs, 2 trims in a row
$ADIANALOG DEVICES INC-45%
now $37.1M · held 3+ qtrs, 2 trims in a row
now $60.3M · held 3+ qtrs, 2 trims in a row
$ANETArista Networks, Inc.-20%
now $57.7M · held 3+ qtrs
now $110.8M · held 3+ qtrs, 2 trims in a row
+24 more in the Excel export
Holdings by quarter
Every 13F Giverny Capital Inc. has filed, 32 earlier quarters. Pick one to see what it held then.
Is it too late to follow Giverny Capital?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Giverny Capital's top 20 holdings: 73/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-0.9%
Value-weighted move of the 10 largest stock positions
Turnover
9%
Last quarter
Top 10 weight
52%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
0%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Giverny Capital Inc. disclosed 51 positions worth $3.0B in its Form 13F-HR for Q2 2026, led by $GOOG (Alphabet Inc.) at 7.2% of the equity portfolio, followed by $HEI.A and $META. During the quarter the fund opened 7 new positions and exited 7 — including a new stake in $NYT and a full exit from $MTB. The portfolio is most concentrated in Technology (28.4% of disclosed assets). All figures are sourced directly from Giverny Capital Inc.’s Form 13F-HR filing with the SEC under CIK 1641864.
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