Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q1 2024)

As of Mar 31, 2024, the Giverny Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 2024. 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 2024, the filing reported:

New Buys - Airbnb, Inc., Booking Holdings Inc. Common St, Grayscale Bitcoin Trust (BTC)

Increases - Analog Devices, Inc., Align Technology, Inc., AMETEK, Inc., Credit Acceptance Corporation, Coherent Corp., and 25 more

Reductions - Apple Inc., Arista Networks, Bank of America Corporation, Berkshire Hathaway Inc. New, Ciena Corporation, and 5 more

Complete Exits - Autohome Inc., Alibaba Group Holding Limited, Boot Barn Holdings, Inc., Fastenal Company, CGI Inc., and 5 more

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 2024	AAPL Apple Inc.	Apple Inc.	Sell	-154	-1.5%	$1.72M	10,027
Q1 2024	ABNB Airbnb, Inc.	Airbnb, Inc.	Buy - Position Entry	+7,055	-	$1.16M	7,055
Q1 2024	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+5,730	+3.1%	$38.25M	193,401
Q1 2024	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+1,709	+6.3%	$9.47M	28,871
Q1 2024	AME AMETEK, Inc.	AMETEK, Inc.	Buy	+17,686	+1.9%	$169.73M	927,977
Q1 2024	ANET Arista Networks	Arista Networks	Sell	-3,831	-3.9%	$27.72M	95,613
Q1 2024	ATHM Autohome Inc.	Autohome Inc.	Sell - Position Exit	-312,582	-100.0%	$0.00	-
Q1 2024	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-4,976	-100.0%	$0.00	-
Q1 2024	BAC Bank of America Corporation	Bank of America Corporation	Sell	-42,384	-4.1%	$37.43M	986,950
Q1 2024	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+11,294	-	$40.97M	11,294
Q1 2024	BOOT Boot Barn Holdings, Inc.	Boot Barn Holdings, Inc.	Sell - Position Exit	-8,253	-100.0%	$0.00	-
Q1 2024	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-3,881	-0.8%	$201.84M	479,975
Q1 2024	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+1,544	+6.8%	$13.33M	24,160
Q1 2024	CIEN Ciena Corporation	Ciena Corporation	Sell	-625,275	-99.9%	$32.69K	661
Q1 2024	COHR Coherent Corp.	Coherent Corp.	Buy	+8,177	+7.6%	$7.05M	116,314
Q1 2024	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+2,009	+0.9%	$28.48M	232,766
Q1 2024	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy	+4,812	+1.1%	$42.59M	445,718
Q1 2024	FAST Fastenal Company	Fastenal Company	Sell - Position Exit	-8,154	-100.0%	$0.00	-
Q1 2024	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Sell	-449,022	-49.8%	$38.34M	452,871
Q1 2024	FERG Ferguson	Ferguson	Buy	+1,942	+7.2%	$6.31M	28,910
Q1 2024	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+25,372	+5.6%	$76.75M	480,246
Q1 2024	FIVE Five Below, Inc.	Five Below, Inc.	Buy	+13,092	+2.0%	$121.01M	667,190
Q1 2024	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-14,754	-5.1%	$35.30M	272,357
Q1 2024	GBTC Grayscale Bitcoin Trust (BTC)	Grayscale Bitcoin Trust (BTC)	Buy - Position Entry	+7,442	-	$470.11K	7,442
Q1 2024	GIB CGI Inc.	CGI Inc.	Sell - Position Exit	-1,585	-100.0%	$0.00	-
Q1 2024	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+7,850	+1.2%	$98.33M	645,800
Q1 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+13,278	+4.8%	$44.17M	292,664
Q1 2024	HEI-A Heico Corporation	Heico Corporation	Buy	+22,392	+3.2%	$110.68M	718,995
Q1 2024	IBP Installed Building Products, In	Installed Building Products, In	Buy	+11,586	+2.5%	$120.83M	467,012
Q1 2024	ITB iShares U.S. Home Construction	iShares U.S. Home Construction	Sell	-3,327	-22.7%	$1.31M	11,350

Page 1 of 2