Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q1 2018)

According to the SEC 13F filed on Aug 14, 2026, the Giverny Capital portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2018. 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 Q1 2018, the filing reported:

New Buys - None reported

Increases - AMETEK, Inc., Berkshire Hathaway Inc. New, Credit Acceptance Corporation, Walt Disney Company (The), Edwards Lifesciences Corporatio, and 14 more

Reductions - Alphabet Inc., SPDR S&P 500

Complete Exits - None reported

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
Q1 2018	AME AMETEK, Inc.	AMETEK, Inc.	Buy	+16,248	+2.4%	$53.12K	699,243
Q1 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+23,412	+3.3%	$147.54K	739,628
Q1 2018	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+4,555	+7.7%	$21.14K	63,981
Q1 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+18,184	+6.8%	$28.66K	285,311
Q1 2018	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy	+9,595	+5.9%	$23.88K	171,166
Q1 2018	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+827	+0.3%	$18.16K	308,299
Q1 2018	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy	+15,071	+2.4%	$20.14K	652,986
Q1 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+1,485	+5.3%	$30.25K	29,320
Q1 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-77	-1.3%	$5.95K	5,737
Q1 2018	HEI-A Heico Corporation	Heico Corporation	Buy	+73,614	+25.0%	$26.10K	367,927
Q1 2018	KMX CarMax Inc	CarMax Inc	Buy	+58,738	+5.7%	$67.61K	1,091,588
Q1 2018	LKQ LKQ Corporation	LKQ Corporation	Buy	+29,019	+3.2%	$35.88K	945,522
Q1 2018	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy	+3,026	+2.9%	$24.83K	106,911
Q1 2018	MKL Markel Group Inc.	Markel Group Inc.	Buy	+939	+3.1%	$37.06K	31,666
Q1 2018	MTB M&T Bank Corporation	M&T Bank Corporation	Buy	+628	+0.6%	$20.56K	111,504
Q1 2018	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Buy	+1,024	+1.1%	$23.21K	93,822
Q1 2018	SPY SPDR S&P 500	SPDR S&P 500	Sell	-42	-0.8%	$1.40K	5,302
Q1 2018	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy	+3,326	+155.3%	$446.00	5,467
Q1 2018	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+742	+0.3%	$36.06K	268,271
Q1 2018	V Visa Inc.	Visa Inc.	Buy	+3,362	+1.0%	$40.44K	338,076
Q1 2018	WFC Wells Fargo & Company	Wells Fargo & Company	Buy	+4,268	+1.3%	$17.73K	338,232