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

As of Mar 31, 2018, the Giverny Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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