Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q2 2025)
According to the SEC 13F filed on Aug 13, 2025, the Giverny Capital portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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 Q2 2025, the filing reported:
New Buys - TWFG, Amazon.com, Inc.
Increases - Apple Inc., Analog Devices, Inc., Align Technology, Inc., AMETEK, Inc., Arista Networks, Inc., and 31 more
Reductions - Capital One Financial Corporati, SPDR Gold Trust, Alphabet Inc., M&T Bank Corporation, Progressive Corporation (The), and 1 more
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 | Type | Change Qty |
|---|---|---|---|
|
Q2 2025
|
87318A101
TWFG
|
Buy - Position Entry |
+177,848
|
|
Q2 2025
|
AAPL
Apple Inc.
|
Buy |
+7,609
|
|
Q2 2025
|
ADI
Analog Devices, Inc.
|
Buy |
+4,771
|
|
Q2 2025
|
ALGN
Align Technology, Inc.
|
Buy |
+1,223
|
|
Q2 2025
|
AME
AMETEK, Inc.
|
Buy |
+18,910
|
|
Q2 2025
|
AMZN
Amazon.com, Inc.
|
Buy - Position Entry |
+1,174
|
|
Q2 2025
|
ANET
Arista Networks, Inc.
|
Buy |
+16,033
|
|
Q2 2025
|
BAC
Bank of America Corporation
|
Buy |
+6,118
|
|
Q2 2025
|
BKNG
Booking Holdings Inc. Common St
|
Buy |
+158
|
|
Q2 2025
|
BLDR
Builders FirstSource, Inc.
|
Buy |
+4,872
|
|
Q2 2025
|
BRK-B
Berkshire Hathaway Inc. New
|
Buy |
+8,452
|
|
Q2 2025
|
BRO
Brown & Brown, Inc.
|
Buy |
+27,034
|
|
Q2 2025
|
CACC
Credit Acceptance Corporation
|
Buy |
+650
|
|
Q2 2025
|
COF
Capital One Financial Corporati
|
Sell |
-3,000
|
|
Q2 2025
|
DIS
Walt Disney Company (The)
|
Buy |
+12,972
|
|
Q2 2025
|
FERG
Ferguson
|
Buy |
+1,293
|
|
Q2 2025
|
FI
Fiserv, Inc.
|
Buy |
+18,941
|
|
Q2 2025
|
FIVE
Five Below, Inc.
|
Buy |
+4,281
|
|
Q2 2025
|
FND
Floor & Decor Holdings, Inc.
|
Buy |
+1,953
|
|
Q2 2025
|
GLD
SPDR Gold Trust
|
Sell |
-22
|
|
Q2 2025
|
GOOG
Alphabet Inc.
|
Sell |
-101,392
|
|
Q2 2025
|
GOOGL
Alphabet Inc.
|
Buy |
+123,677
|
|
Q2 2025
|
HEI-A
Heico Corporation
|
Buy |
+7,481
|
|
Q2 2025
|
IBP
Installed Building Products, In
|
Buy |
+6,386
|
|
Q2 2025
|
ITB
iShares U.S. Home Construction
|
Buy |
+557
|
|
Q2 2025
|
JPM
JP Morgan Chase & Co.
|
Buy |
+6,467
|
|
Q2 2025
|
KEYS
Keysight Technologies Inc.
|
Buy |
+2,574
|
|
Q2 2025
|
KMX
CarMax Inc
|
Buy |
+14,308
|
|
Q2 2025
|
KNSL
Kinsale Capital Group, Inc.
|
Buy |
+9,186
|
|
Q2 2025
|
LFUS
Littelfuse, Inc.
|
Buy |
+608
|
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