Francois Rochon – Giverny Capital Portfolio Activity & Recent Trades (Sep 30, 2025)
As of Sep 30, 2025, the Giverny Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q3 2025, the filing reported:
New Buys – ResMed Inc.
Increases – TWFG, Analog Devices, Inc., AMETEK, Inc., Booking Holdings Inc. Common St, Brown & Brown, Inc., and 19 more
Reductions – Apple Inc., Align Technology, Inc., Arista Networks, Builders FirstSource, Inc., Berkshire Hathaway Inc. New, and 10 more
Complete Exits – Amazon.com, Inc., Bank of America Corporation, Intuitive Surgical, Inc., Starbucks Corporation
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Name | Type | Change Qty | % Change | Value | Remaining |
|---|---|---|---|---|---|---|---|
Q3 2025 | 87318A101 TWFG | TWFG | Buy | +122,469 | +68.9% | $8.24M | 300,317 |
Q3 2025 | AAPL Apple Inc. | Apple Inc. | Sell | -101 | -0.6% | $4.30M | 16,875 |
Q3 2025 | ADI Analog Devices, Inc. | Analog Devices, Inc. | Buy | +357 | +0.2% | $43.36M | 176,468 |
Q3 2025 | ALGN Align Technology, Inc. | Align Technology, Inc. | Sell | -667 | -1.4% | $5.72M | 45,691 |
Q3 2025 | AME AMETEK, Inc. | AMETEK, Inc. | Buy | +332 | +0.0% | $187.38M | 996,676 |
Q3 2025 | AMZN Amazon.com, Inc. | Amazon.com, Inc. | Sell - Position Exit | -1,174 | -100.0% | $0.00 | - |
Q3 2025 | ANET Arista Networks | Arista Networks | Sell | -70,162 | -14.5% | $60.09M | 412,399 |
Q3 2025 | BAC Bank of America Corporation | Bank of America Corporation | Sell - Position Exit | -1,004,119 | -100.0% | $0.00 | - |
Q3 2025 | BKNG Booking Holdings Inc. Common St | Booking Holdings Inc. Common St | Buy | +53 | +0.2% | $115.24M | 21,343 |
Q3 2025 | BLDR Builders FirstSource, Inc. | Builders FirstSource, Inc. | Sell | -221 | -0.3% | $194.92M | 87,096 |
Q3 2025 | BRK-B Berkshire Hathaway Inc. New | Berkshire Hathaway Inc. New | Sell | -1,140 | -0.2% | $256.72M | 510,644 |
Q3 2025 | BRO Brown & Brown, Inc. | Brown & Brown, Inc. | Buy | +609 | +0.2% | $30.22M | 322,246 |
Q3 2025 | CACC Credit Acceptance Corporation | Credit Acceptance Corporation | Sell | -23,627 | -77.5% | $2.58M | 6,874 |
Q3 2025 | COF Capital One Financial Corporati | Capital One Financial Corporati | Sell | -999 | -10.8% | $1.76M | 8,275 |
Q3 2025 | DIS Walt Disney Company (The) | Walt Disney Company (The) | Sell | -75 | -0.0% | $29.82M | 260,400 |
Q3 2025 | FERG Ferguson Enterprises Inc. | Ferguson Enterprises Inc. | Sell | -176 | -0.5% | $7.97M | 35,503 |
Q3 2025 | FI Fiserv, Inc. | Fiserv, Inc. | Buy | +2,683 | +0.4% | $83.97M | 651,257 |
Q3 2025 | FIVE Five Below, Inc. | Five Below, Inc. | Buy | +11,219 | +1.8% | $98.56M | 637,090 |
Q3 2025 | FND Floor & Decor Holdings, Inc. | Floor & Decor Holdings, Inc. | Buy | +317 | +0.1% | $17.40M | 236,148 |
Q3 2025 | GOOG Alphabet Inc. | Alphabet Inc. | Sell | -15,504 | -2.4% | $155.44M | 638,213 |
Q3 2025 | GOOGL Alphabet Inc. | Alphabet Inc. | Sell | -20,474 | -5.4% | $87.31M | 359,143 |
Q3 2025 | HEI-A Heico Corporation | Heico Corporation | Buy | +9 | +0.0% | $190.44M | 749,501 |
Q3 2025 | IBP Installed Building Products, In | Installed Building Products, In | Buy | +277 | +0.1% | $126.96M | 514,736 |
Q3 2025 | ISRG Intuitive Surgical, Inc. | Intuitive Surgical, Inc. | Sell - Position Exit | -405 | -100.0% | $0.00 | - |
Q3 2025 | ITB iShares U.S. Home Construction | iShares U.S. Home Construction | Buy | +43 | +0.4% | $1.24M | 11,561 |
Q3 2025 | JPM JP Morgan Chase & Co. | JP Morgan Chase & Co. | Sell | -245 | -0.5% | $15.99M | 50,705 |
Q3 2025 | KEYS Keysight Technologies Inc. | Keysight Technologies Inc. | Buy | +342 | +0.1% | $58.41M | 333,927 |
Q3 2025 | KMX CarMax Inc | CarMax Inc | Buy | +14,184 | +0.9% | $74.94M | 1,670,114 |
Q3 2025 | KNSL Kinsale Capital Group, Inc. | Kinsale Capital Group, Inc. | Buy | +11,309 | +6.3% | $81.00M | 190,462 |
Q3 2025 | LFUS Littelfuse, Inc. | Littelfuse, Inc. | Buy | +145 | +0.2% | $21.05M | 81,257 |