Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 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 Q3 2018, the filing reported:

New Buys - Apple Inc., Fastenal Company, Healthcare Services Group, Inc., NVR, Inc., Charles Schwab Corporation (The

Increases - JP Morgan Chase & Co., SPDR S&P 500

Reductions - AMETEK, Inc., Brookfield Asset Management Ltd., Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, Walt Disney Company (The), and 19 more

Complete Exits - Booking Holdings Inc. Common St, Credit Acceptance Corporation, Hanesbrands Inc., Stantec Inc, Wells Fargo & 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
Q3 2018	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+2,127	-	$480.00	2,127
Q3 2018	AME AMETEK, Inc.	AMETEK, Inc.	Sell	-63,311	-7.6%	$61.01K	771,156
Q3 2018	BAM Brookfield Asset Management Ltd.	Brookfield Asset Management Ltd.	Sell	-285	-2.2%	$576.00	12,938
Q3 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell - Position Exit	-100	-100.0%	$0.00	-
Q3 2018	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-3	-50.0%	$960.00	3
Q3 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-65,222	-7.4%	$173.97K	812,536
Q3 2018	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell - Position Exit	-992	-100.0%	$0.00	-
Q3 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-33,660	-10.0%	$35.44K	303,052
Q3 2018	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Sell	-17,447	-8.8%	$31.46K	180,690
Q3 2018	FAST Fastenal Company	Fastenal Company	Buy - Position Entry	+4,077	-	$237.00	4,077
Q3 2018	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Sell	-6,900	-1.8%	$19.91K	380,256
Q3 2018	FIVE Five Below, Inc.	Five Below, Inc.	Sell	-7,413	-67.3%	$468.00	3,596
Q3 2018	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-90,541	-11.8%	$25.15K	676,212
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-2,003	-5.6%	$40.51K	33,942
Q3 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-664	-10.5%	$6.86K	5,682
Q3 2018	HBI Hanesbrands Inc.	Hanesbrands Inc.	Sell - Position Exit	-12,264	-100.0%	$0.00	-
Q3 2018	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy - Position Entry	+9,266	-	$376.00	9,266
Q3 2018	HEI-A Heico Corporation	Heico Corporation	Sell	-67,793	-12.8%	$34.98K	463,327
Q3 2018	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+192,012	+1301.2%	$23.33K	206,769
Q3 2018	KMX CarMax Inc	CarMax Inc	Sell	-100,369	-7.9%	$87.33K	1,169,505
Q3 2018	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-2,874	-2.7%	$20.20K	102,099
Q3 2018	LKQ LKQ Corporation	LKQ Corporation	Sell	-12,187	-2.7%	$13.96K	440,833
Q3 2018	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-2,720	-56.7%	$462.00	2,074
Q3 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-6,819	-5.7%	$18.68K	113,609
Q3 2018	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-9,405	-7.4%	$20.73K	118,217
Q3 2018	MKL Markel Group Inc.	Markel Group Inc.	Sell	-3,442	-9.1%	$40.66K	34,211
Q3 2018	MTB M&T Bank Corporation	M&T Bank Corporation	Sell	-9,099	-7.0%	$20.00K	121,547
Q3 2018	NVR NVR, Inc.	NVR, Inc.	Buy - Position Entry	+7,013	-	$17.33K	7,013
Q3 2018	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Sell	-59,643	-53.8%	$17.76K	51,127
Q3 2018	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy - Position Entry	+506,129	-	$24.88K	506,129

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