13F portfolio / Investment manager
Giverny Capital
François Rochon (CEO)
The firm is based in Montreal, Quebec, Canada, according to its SEC filings.
Its earliest 13F holdings report on SEC EDGAR was filed in May 2015.
SEC Form ADV lists François Rochon as CEO and as owning 50% to 75% of the firm.
The 13F shows long US-listed stock and option positions only. It leaves out short positions, cash, bonds and most non-US holdings.
- Reported 13F value
- $3.0B
- Positions
- 51
- Est. 1-yearEstimate
- +4.1%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +14.8%SPY +22.8%
As of Jun 30, 2026 · filed Aug 26, 2026
Holdings
7 new · 12 added · 27 trimmed · 5 unchanged · 7 sold out
| 1 | GOOG on Yahoo Finance (opens in a new tab) | Alphabet Inc CCAP STK CL C | 7.2% | $214M | 605,460 | Trimmed -2.5% | $135.09* | $337.82 | +150.1% |
| 2 | HEI/A on Yahoo Finance (opens in a new tab) | Heico Corp NewCL A | 6.4% | $190M | 735,248 | Unchanged | $134.76* | $232.10 | +72.2% |
| 3 | META on Yahoo Finance (opens in a new tab) | Meta Platforms IncCL A | 5.7% | $171M | 302,888 | Trimmed -1.6% | $321.68* | $706.95 | +119.8% |
| 4 | SCHW on Yahoo Finance (opens in a new tab) | Schwab Charles CorpCOM | 5.2% | $155M | 1,681,567 | Added +9.5% | $69.01* | $91.93 | +33.2% |
| 5 | ADP on Yahoo Finance (opens in a new tab) | Automatic Data Proc IncCOM | 4.9% | $147M | 654,556 | Added +56.2% | $219.76 | $286.12 | +30.2% |
| 6 | AME on Yahoo Finance (opens in a new tab) | Ametek IncCOM | 4.9% | $145M | 598,781 | Trimmed -2.2% | $151.53* | $247.58 | +63.4% |
| 7 | MEDP on Yahoo Finance (opens in a new tab) | Medpace Holdings IncCOM | 4.5% | $134M | 253,931 | Trimmed -0.8% | $305.24* | $612.83 | +100.8% |
| 8 | V on Yahoo Finance (opens in a new tab) | Visa IncCOM CL A | 4.5% | $134M | 389,900 | Trimmed -1.6% | $240.85* | $400.91 | +66.5% |
| 9 | BRK/B on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc DelCL B NEW | 4.2% | $124M | 248,447 | Trimmed -34.4% | $369.73* | $529.25 | +43.1% |
| 10 | PGR on Yahoo Finance (opens in a new tab) | Progressive CorpCOM | 4.0% | $118M | 542,292 | Added +2.6% | $136.55* | $216.20 | +58.3% |
| 11 | GOOGL on Yahoo Finance (opens in a new tab) | Alphabet IncCAP STK CL A | 3.7% | $111M | 310,118 | Trimmed -11.0% | $142.03* | $341.57 | +140.5% |
| 12 | FIVE on Yahoo Finance (opens in a new tab) | Five Below IncCOM | 3.6% | $108M | 598,122 | Trimmed -3.1% | $153.82* | $221.40 | +43.9% |
| 13 | BKNG on Yahoo Finance (opens in a new tab) | Booking Holdings Inc.COM | 3.1% | $93M | 522,664 | Added +2375.1% | $168.84 | $163.09 | -3.4% |
| 14 | IBP on Yahoo Finance (opens in a new tab) | Installed Bldg Prods IncCOM | 3.1% | $91M | 397,662 | Trimmed -1.5% | $135.58* | $183.60 | +35.4% |
| 15 | NVR on Yahoo Finance (opens in a new tab) | NVR IncCOM | 3.0% | $90M | 13,238 | Trimmed -3.0% | $6307.85* | $5915.58 | -6.2% |
| 16 | KNSL on Yahoo Finance (opens in a new tab) | Kinsale Capital Group InCOM | 2.7% | $79M | 240,731 | Added +10.0% | $422.30* | $360.30 | -14.7% |
| 17 | BFAM on Yahoo Finance (opens in a new tab) | Bright Horizonsfamily SolutionCOM | 2.6% | $77M | 1,080,793 | Added +45.6% | $86.82 | $70.81 | -18.4% |
| 18 | RMD on Yahoo Finance (opens in a new tab) | Resmed IncCOM | 2.5% | $76M | 387,665 | Added +68.5% | $244.13 | $238.08 | -2.5% |
| 19 | OZK on Yahoo Finance (opens in a new tab) | Bank Ozk Little Rock ArkCOM | 2.1% | $62M | 1,198,116 | Trimmed -2.7% | $39.01* | $45.86 | +17.5% |
| 20 | MKL on Yahoo Finance (opens in a new tab) | Markel CorpCOMMON STOCK | 2.0% | $60M | 30,877 | Trimmed -28.1% | $1512.98* | $1841.96 | +21.7% |
| 21 | ANET on Yahoo Finance (opens in a new tab) | Arista Networks IncCOM SHS | 1.9% | $58M | 339,892 | Trimmed -19.7% | $87.81 | $178.23 | +103.0% |
| 22 | KEYS on Yahoo Finance (opens in a new tab) | Keysight Technologies IncCOM | 1.7% | $50M | 143,072 | Trimmed -55.7% | $132.86* | $335.42 | +152.5% |
| 23 | DIS on Yahoo Finance (opens in a new tab) | Disney Walt CoCOM | 1.7% | $50M | 515,567 | Trimmed -3.9% | $95.75* | $110.23 | +15.1% |
| 24 | BRO on Yahoo Finance (opens in a new tab) | Brown & BrownCOM | 1.6% | $48M | 753,288 | Unchanged | $92.32 | $68.45 | -25.9% |
| 25 | ADI on Yahoo Finance (opens in a new tab) | Analog Devices IncCOM | 1.2% | $37M | 93,310 | Trimmed -45.4% | $173.30* | $399.04 | +130.3% |
| 26 | NYT on Yahoo Finance (opens in a new tab) | New York Times Co-A-CL A | 1.1% | $34M | 484,424 | New | $76.58 | $67.80 | -11.5% |
| 27 | LFUS on Yahoo Finance (opens in a new tab) | Littelfuse IncCOM | 1.1% | $34M | 74,125 | Trimmed -8.2% | $243.89* | $384.04 | +57.5% |
| 28 | MSA on Yahoo Finance (opens in a new tab) | Msa Safety IncCOM | 1.0% | $29M | 166,305 | New | $166.75 | $178.58 | +7.1% |
| 29 | WSO on Yahoo Finance (opens in a new tab) | Watsco IncCOM | 0.9% | $27M | 65,975 | New | $398.04 | $292.40 | -26.5% |
| 30 | AAON on Yahoo Finance (opens in a new tab) | Aaon IncCOM | 0.9% | $26M | 204,779 | Added +1.5% | $90.97 | $75.12 | -17.4% |
| 31 | GLD on Yahoo Finance (opens in a new tab) | SPDR Gold TrGOLD SHS | 0.8% | $25M | 3,876 | Unchanged | $177.43* | $381.63 | +115.1% |
| 32 | SUNB on Yahoo Finance (opens in a new tab) | Sunbelt Rentals HoldingsSHS | 0.7% | $22M | 246,369 | Trimmed -9.0% | $69.19 | $75.66 | +9.4% |
| 33 | VEEV on Yahoo Finance (opens in a new tab) | Veeva Systems Inc Cl-ACLASS A COM | 0.6% | $17M | 94,956 | New | $164.89 | $307.24 | +86.3% |
| 34 | AXP on Yahoo Finance (opens in a new tab) | American Express CoCOM | 0.5% | $16M | 46,702 | New | $318.30 | $312.73 | -1.8% |
| 35 | TWFG on Yahoo Finance (opens in a new tab) | Twfg IncCOM CL A | 0.5% | $16M | 652,452 | Added +18.2% | $26.32 | $25.32 | -3.8% |
| 36 | JPM on Yahoo Finance (opens in a new tab) | JPMorgan Chase & CoCOM | 0.5% | $16M | 47,876 | Trimmed -8.5% | $163.73* | $337.82 | +106.3% |
| 37 | MA on Yahoo Finance (opens in a new tab) | Mastercard IncorporatedCL A | 0.5% | $15M | 28,816 | Added +2.7% | $426.61* | $614.51 | +44.0% |
| 38 | LULU on Yahoo Finance (opens in a new tab) | Lululemon Athletica IncCOM | 0.5% | $15M | 128,803 | Trimmed -9.7% | $381.83* | $96.89 | -74.6% |
| 39 | FND on Yahoo Finance (opens in a new tab) | Floor & Decor Hldgs IncCL A | 0.5% | $14M | 229,867 | Trimmed -0.8% | $93.47* | $45.46 | -51.4% |
| 40 | HWKN on Yahoo Finance (opens in a new tab) | Hawkins IncCOM | 0.5% | $13M | 94,954 | New | $157.72 | $131.21 | -16.8% |
| 41 | FERG on Yahoo Finance (opens in a new tab) | Ferguson Enterprises IncCOMMON STOCK NEW | 0.3% | $9M | 37,380 | Added +1.8% | $193.74 | $230.19 | +18.8% |
| 42 | BLDR on Yahoo Finance (opens in a new tab) | Builders Firstsource IncCOM | 0.3% | $8M | 91,464 | Unchanged | $142.09 | $54.58 | -61.6% |
| 43 | BRK/A on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc DelCL A | 0.2% | $7M | 9 | Trimmed -18.2% | $611121.38* | $794223.56 | +30.0% |
| 44 | AAPL on Yahoo Finance (opens in a new tab) | Apple IncCOM | 0.1% | $4M | 12,995 | Trimmed -13.6% | $200.11* | $342.77 | +71.3% |
| 45 | TSM on Yahoo Finance (opens in a new tab) | Taiwan Semiconductor Mfg LtdSPONSORED ADS | 0.1% | $2M | 3,655 | Trimmed -55.0% | $204.39* | $413.04 | +102.1% |
| 46 | SPY on Yahoo Finance (opens in a new tab) | SPDR S&P 500 ETFETF | 0.1% | $2M | 2,294 | Trimmed -7.3% | $423.59* | $762.97 | +80.1% |
| 47 | YUMC on Yahoo Finance (opens in a new tab) | Yum China Hldgs IncCOM | 0.0% | $1M | 36,036 | Unchanged | $32.15 | $45.06 | +40.2% |
| 48 | ITB on Yahoo Finance (opens in a new tab) | iShares TrUS HOME CONS ETF | 0.0% | $1M | 11,662 | Added +7.4% | $83.95* | $85.97 | +2.4% |
| 49 | MSFT on Yahoo Finance (opens in a new tab) | Microsoft CorpCOM | 0.0% | $667K | 1,787 | Trimmed -6.4% | $420.57 | $526.88 | +25.3% |
| 50 | QQQ on Yahoo Finance (opens in a new tab) | Invesco Qqq TrUNIT SER 1 | 0.0% | $288K | 391 | New | $686.64 | $711.19 | +3.6% |
| 51 | CPRT on Yahoo Finance (opens in a new tab) | Copart IncCOM | 0.0% | $233K | 8,274 | Trimmed -69.9% | $44.11* | $27.86 | -36.8% |
Sold out since Q1 2026
- MTB on Yahoo Finance (opens in a new tab)M & T Bk Corp$2M at Q1 2026
- RSP on Yahoo Finance (opens in a new tab)Invesco S&P500 Eq Wgt ETF$1M at Q1 2026
- QQQM on Yahoo Finance (opens in a new tab)Invesco Exch Traded Fd Tr II$1M at Q1 2026
- BIRK on Yahoo Finance (opens in a new tab)Birkenstock Hldg PLC$981K at Q1 2026
- ODFL on Yahoo Finance (opens in a new tab)Old Dominion Freight Line In$978K at Q1 2026
- SITE on Yahoo Finance (opens in a new tab)Siteone Landscape Supply Inc$500K at Q1 2026
- NVO on Yahoo Finance (opens in a new tab)Novo-Nordisk A S$456K at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 1. Of 0 with six months of history, — beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001641864-26-000010, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.