Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q2 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 Jun 30, 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 Q2 2018, the filing reported:

New Buys - Booking Holdings Inc. Common St, Meta Platforms, Inc.

Increases - AMETEK, Inc., Brookfield Asset Management Ltd., Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Walt Disney Company (The), and 17 more

Reductions - Credit Acceptance Corporation, LKQ Corporation, SPDR S&P 500

Complete Exits - Fastenal Company

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
Q2 2018	AME AMETEK, Inc.	AMETEK, Inc.	Buy	+135,224	+19.3%	$60.22K	834,467
Q2 2018	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Buy	+285	+2.2%	$536.00	13,223
Q2 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+100	-	$203.00	100
Q2 2018	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Buy	+3	+100.0%	$1.69K	6
Q2 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+138,130	+18.7%	$163.83K	877,758
Q2 2018	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-62,989	-98.4%	$351.00	992
Q2 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+51,401	+18.0%	$35.29K	336,712
Q2 2018	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy	+26,971	+15.8%	$28.84K	198,137
Q2 2018	FAST Fastenal Company	Fastenal Company	Sell - Position Exit	-4,077	-100.0%	$0.00	-
Q2 2018	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+78,857	+25.6%	$20.79K	387,156
Q2 2018	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy	+113,767	+17.4%	$28.47K	766,753
Q2 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+6,625	+22.6%	$40.10K	35,945
Q2 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+609	+10.6%	$7.17K	6,346
Q2 2018	HEI-A Heico Corporation	Heico Corporation	Buy	+163,193	+44.4%	$32.37K	531,120
Q2 2018	KMX CarMax Inc	CarMax Inc	Buy	+178,286	+16.3%	$92.54K	1,269,874
Q2 2018	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+103,450	+6792.5%	$23.95K	104,973
Q2 2018	LKQ LKQ Corporation	LKQ Corporation	Sell	-492,502	-52.1%	$14.45K	453,020
Q2 2018	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+1,590	+49.6%	$942.00	4,794
Q2 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy - Position Entry	+120,428	-	$23.40K	120,428
Q2 2018	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy	+20,711	+19.4%	$27.35K	127,622
Q2 2018	MKL Markel Group Inc.	Markel Group Inc.	Buy	+5,987	+18.9%	$40.83K	37,653
Q2 2018	MTB M&T Bank Corporation	M&T Bank Corporation	Buy	+19,142	+17.2%	$22.23K	130,646
Q2 2018	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Buy	+16,948	+18.1%	$30.30K	110,770
Q2 2018	SPY SPDR S&P 500	SPDR S&P 500	Sell	-38	-0.7%	$1.43K	5,264
Q2 2018	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy	+1,681	+30.7%	$680.00	7,148
Q2 2018	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+49,407	+18.4%	$45.01K	317,678
Q2 2018	V Visa Inc.	Visa Inc.	Buy	+58,516	+17.3%	$52.53K	396,592
Q2 2018	WFC Wells Fargo & Company	Wells Fargo & Company	Buy	+60,718	+18.0%	$22.12K	398,950